03 September 2014

Meet The New Boss

by Garry Carmody | Contributor

To some it may seem like a lifetime ago. Since the RIFC AGM at the end of last year, grey hairs have grown, frustration has simply risen, stress balls have taken a pounding - and all to no avail.

However, let's journey back to what people would probably refer to as the saving grace of this time - the appointment and integration of the new Chief Executive, Graham Wallace. The man entered with a certain dignity that his predecessors in the role were bereft of. He spoke well, appeared to dodge few issues and there was an air of honesty that precious incumbents also sorely lacked.

However, rhetoric is as cheap as the paper it's written on, and the best part of a year later, fans are most certainly seeing that. If I was to offer my opinion, I believed - and still do to an extent - that Wallace came in to this job with good intentions. His talk of ending the "bonus culture", however, now looks as empty as anything else that has been said in this whole affair. The club currently sits on the brink of another financial meltdown, yet there is time for another expensive PR man to refuse to comment on whether he'll be taking a performance-related bonus or not.

Remind you of anyone?

For months now, the rumours of boardroom splits and power battles have been deafening. It has become apparent that a struggle has taken place between the Easdales and Wallace, and whilst the Easdales front for the controlling block of shareholders, it is always going to be a battle that they will win. The split and consequential fallout became clear when Wallace attempted to broker a deal with the Union of Fans over the future of Ibrox and Auchenhowie. It is clear now that this has been one of several splits in the boardroom - opinions of Mike Ashley being another - and it most certainly begs a very relevant question.

Why is a professional like Graham Wallace still in a job in which his role is being severely restricted? He is clashing with his fellow board members on most issues, and others are having the final say in important matters. Is he continuing to fight against the tide for noble reasons, or is it the financial gain that is allowing him to sacrifice his professional integrity to carry on his role in this farcical boardroom saga?

The same questions can also be posed of part-time workmen, David Somers and Phillip Nash. On £2,500 a day, and £192,000 per annum, respectively, what is it they are actually doing to earn such hefty renumeration? And at the same time, anyone reading the newspapers today will have seen that Somers doesn't think he is being paid enough for his stellar contribution of two days per month. If it wasn't real, one could easily imagine this was one large joke. £60,000 a year for 24 days work in a failing company is "poor"? If you didn't manage a laugh, you would plunge into a dark, deep pit of depression.

The wheels are falling off this train - let's not mess around; people aren't "scaremongering" any more. This "new board" are convincing no-one, and fans are bleakly staring and waiting with a familiar impending sense of doom. Waiting for the complete collapse with little they can do in the short-term. These people were brought in on large wages to turn this club around, and so far they are failing. And failing badly.

Seemingly every attempt to find financing has ended with a door slammed in the face apart from Dave King, but the strings have been pulled to keep him away from that certain door up until now. Most attempts to get gain fans' backing have ended poorly, and ongoing attempts have yet to pay dividend. There is no confidence, no trust and no belief that these are the people to turn Rangers around.

The faces, names, investors and companies have come and gone throughout one of the most difficult periods in Rangers' history, but the one consistency remains - money flying out of the door with seemingly very little in return. Under this board, there is no "pie-in-the-sky" £20 million moonbeams with Champions League music playing at iBrox mixed in with casual racism.

However, what does remain is a steady flow of cash flying out of the door with seemingly very few answers of how to stop it.

Same as the old boss.