02 March 2014

Union of Fans Latest Statement

Press release to the Press Association, from the Union of Fans...


We welcome the fact that Dave King has committed to travelling to the UK to advance the setup of the required legal structures for a Season Ticket Trust and a fund to purchase an equity stake in the club. We very much look forward to meeting him in the near future to push things forward.

We also note that, like us, he shares a fear that Charles Green and the people he represents are still de facto in control of our club.

At their meeting of 30th January with CEO Graham Wallace, the RST requested an updated copy of the register of shareholders in RIFC PLC, which is a legal entitlement of all shareholders. The club considered this request and asked for further information, which has now been provided. We are aware of similar requests by individual shareholders which have yet to be fulfilled.

We are aware of concerns by shareholders that there has been a perceived delay in complying with requests for a copy of the members register, and that these concerns have lead to suspicions.
We would urge the club to comply with these requests as a matter of urgency, and act on their promises of transparency and engagement with supporters.

We also note that Graham Wallace recently attempted to justify the £1.5M loan from Laxey and Sandy Easdale, by indicating that it was part of a business plan he “inherited”. Just who did he inherit the business plan he is implementing from? Charles Green? Brian Stockbridge? Imran Ahmad? Also, why is he still implementing a business plan which is so clearly flawed? Particularly when it is clear that alternative routes are and have been available.

We would like this board to explain just what has happened to the 5 million shares Charles Green awarded himself at 1 penny each and which constituted a 7.68% stake in Rangers. We are aware that some of those shares are now in the hands of Laxey. It was also widely publicised that Green had proxied his shares to the Easdales and struck an agreement to sell those shares to the Easdales in December 2013. But no record of such a share trade exists. Also the Easdales do not appear to have increased their notifiable interest in the company according to the most up-to-date information available. It is entirely unclear who now holds the balance of Mr Green’s shares and if indeed they have even moved out of his control.

Dave King is quite correct to express his fear that Charles Green and those he represents are possibly still controlling Rangers. Just as we, as supporters and shareholders, are right to exercise our legal right to view the up-to-date shareholders register. Once again, we simply ask this board to answer the perfectly reasonable questions they are being asked and to not just speak about transparency but actually provide it.

5 comments:

  1. Answer thats all we ask ! Someone tell us the truth !

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  2. The so called union of fans are a bunch of traitors and have broken their promise to give the board 120 days. It is disgraceful they have broken their word by not allowing the 120 days and are being fooled by King like they were with the Murray’s and my season book money will go to club end of story and not a South African tax criminal who has the funds to buy all the shares in the club now for under £20 million, but chooses a route that may put us into Admin 2 with a points deduction, transfer embargo and an extended Euro ban all so as the egomaniac can get the club for the cheap in administration. Deluded bunch our supporters groups who only really represent a minority.

    I do not know how I anybody trust the so called fans groups who break promises so easily and that lacks integrity in my book and like the Murrays and McColl the fans groups won't ask the same questions of King as they do the board and they are disgracing our support and making us a laughing stock minus any facts or real evidence.

    Union of Delusion is more apt

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  3. Never trusted the Easdales from the minute they walked in the front door at Ibrox. Still can't believe those two chancers are running our club, they can barely speak coherent English in an interview. The STV interview/charade was nothing but a complete embarrassment to our club and for us as Gers supporters, I was cringing all the way through it, the great Bill Struth must be turning in his grave.

    As for Graham Wallace, at the beginning I thought he would do a job for us, but some of his decision making has come across as suspect, not least the £1.5 million loan agreement with Laxey and the Easdales. Even to me that arrangement seems ludicrous. Also, there's Bluepitch and Margarita , as a shareholder I would really like to know who is behind them and where CG's shares have gone. As someone who is a shareholder, season ticket holder, buys the jerseys, scarves, programs, pies, pints (Ibrox Bar) and almost anything else Gers related, I don't think it's too much to ask for transparency. Just answer the questions!!!

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  4. What was interesting at the weekend, was the continual spin tactics being employed on behalf of the Rangers board.

    Some people have been sucked in by the allegations by a certain mentally unstable blogger, who lives in the Emerald Isle in a cave. What they maybe don't recognise that these allegations were planted in his hands by someone else for a different reason.

    To my mind, a certain spin-doctor was attempting to fudge two issues, the Dave King moves with the administration allegations, in an attempt to plant it on the minds of fans that they are linked.

    This is a well worn tactic by spin-doctors, where you create a double headline and lobby the press to link them.

    It's the mirror image of bury bad news under even worse

    ReplyDelete
  5. What was interesting at the weekend, was the continual spin tactics being employed on behalf of the Rangers board.

    Some people have been sucked in by the allegations by a certain mentally unstable blogger, who lives in the Emerald Isle in a cave. What they maybe don't recognise that these allegations were planted in his hands by someone else for a different reason.

    To my mind, a certain spin-doctor was attempting to fudge two issues, the Dave King moves with the administration allegations, in an attempt to plant it on the minds of fans that they are linked.

    This is a well worn tactic by spin-doctors, where you create a double headline and lobby the press to link them.

    It's the mirror image of bury bad news under even worse

    ReplyDelete

Keep it civil, lads.