thelegendthatis

It is for a one off cost. The £7-8 million will go towards the severance package for Ally and his management 'team'. Could be the best £7million they have spent.

Just a few comments on the sale and leaseback 'option'. If the directors of the company know they are in financial difficulty with administration or even liquidation being possibilities, then to move assets out of the clutches of the company would definitely be of interest to the fraud squad if the company subsequently goes under. How do we know they are in financial difficulty?. One the directors loans to tide them over and keep them operating. Secondly their discussions a few months back with the SFA to understand the impact on the football club from either administration or liquidation. So they can't claim not to know how bad things were/are. Who would finance a sale and leaseback? Banks and financiers don't get rich by being stupid. Before taking on such a deal they would need comfort that the legal entity could pay back the lease costs. And this would be for the duration of the agreement (10 years, 20 years?). And a bit of due diligence would show that this is a company who cannot live within its means. With no sign of learning any lessons from the last few years. Even if such a deal could be arranged the club would be vulnerable to the decisions of the financiers. It is the Lloyds story all over again when Murray took his trousers down and still said please. Lloyds got out of it with their money, thank you Sir David and goodnight!

You need the visual to fully appreciate the story.

Anyone who trusts this mob with a 'legally binding undertaking' must be either totally stupid or mad. Is an 'undertaking' the same as an agreement? Or something quite different? Get John Brown to the negotiating table.

Murray could soon be the Robert Maxwell of Scotland? Any chance Murray owns a yacht?

When the season ticket sales take off and the money pours into the ibrox coffers I presume the club will have priorities already planned on how the money will be allocated. I am curious how many season tickets need to be paid in full (to the club) to cover the following critical liabilities. Ally McCoist's salary and bonus. My guess that will take the first 3000(?) season tickets anyway Bonuses for the board and especially our Chief Exec? Number season tickets = ?? Paying back recent loans to tide the club over? Number season tickets = ?? After that they can start to worry about boring things like electricity bills and team hotel expenses.

This may well have been discussed already on here, but I just can't bring myself to wade through pages of Tedi spouting some irrelevant nonsense, nor reading about Sandy Jardine who must soon be canonised if we believe all we read. http://www.bbc.co.uk/sport/0/football/27177760 http://www.dailyrecord.co.uk/sport/football/football-news/police-probe-launched-after-rangers-3464370 Any updates, info or constructive comment? That leave you Tedi and Bennett out of the invitation.

Everything has a price. There will always be someone willing to buy, assuming the price is low enough and the possible return is high enough. We have had Chucky in the past, and the way things are going we could well have Chucky II or even a Craigy II. He won't necessarily wear the same cheap Matalan suits as Chucky, but he will have similar ethics and honesty. Know what 'we are the people' means, and understand who the enemy is. Be able to haver on about everyone being jealous of the mighty Gers, and how we must boycott them. No money required, just enough to bribe a Rangers legend to stand beside you and sit with you at games.Plenty out there who could do with a few used tenners in their back pocket for such an easy gig. Nationality not important, but critical to have an anonymous history that is difficult to research. If you came from Brazil, China or Russia would be ideal as the fans would jump to all sorts of idiotic conclusions about your wealth. Talk about having access to millions, but avoid the term 'off the radar'. Come on Vladimir, Gustavo or Wei, let's have you. Your time is real soon now.

I have given up on what is mostly nonsense spouted on here. And with Tedi back from the dead, there is another good reason to stay away. However the 'review' carried out as presented in the Daily Record http://www.dailyrecord.co.uk/sport/football/football-news/rangers-120-day-business-review-report-3455488 is comprehensively damning. In fact it summarises the incompetence and dishonesty that was so fundamental to the Chuckie Green regime, that many posters on here pointed out at the time. This guy Wallace is an accountant (I believe) and what you would call a businessman. However in his 5 main points, 4 of them are to do with talking up the big things they are going to do in the future, appeasing the fans and please give us the money to do it. Only one of his main points is to do with sorting out the shambles that still exists under the heading of "Developing Best in Class Commercial and Operational Capability". So cliche driven we all know it is meaningless and definitely does not address the institutional long term problems. Compare that with Hearts. Where someone has come in and said she would sort out the organisation and procedures to create a properly run business. When the basics are in place she can then move on leaving a club that can build on solid foundations. The playing side and giving the big sales pitch is being left to others. But that is not required as there is honesty and transparency behind all that is going on. The fact that Wallace is not dealing with this diseased organisation in any substantive way says to me he is merely another Chuckie Green salesman only this time with a professional qualification but lacking the snake oil, Another name, another so called believer, another big time charlie. Just the same as we have heard from David Murray onwards, so nothing has changed. This vacuum of honesty and credibility merely creates an opportunity that people like Dave King can take advantage of. The conclusion? This thread will just keep on running, as Rangers lurch from one self induced crisis to the next.

I did think that after McCoist shamed all Rangers fans so often - spectacularly so in January, February, March, April, May, August, September, November and December when Ally couldn't manage for a while as he was off to a Greggs - that he'd chuck it. But the manager from hell is as shameless as he his stupid. And he is very, very stupid. (But very very well paid for it).

Not sure what the exact wording was about the loan against 'tangible assets', but if I was daft enough to lend any money to that shower against anything they claimed was an asset of theirs I would be extremely suspicions. Who would know when Chucky or wee Craig would pop up saying 'no way big man, that is mine'? And who would risk the ire of the 'supporters' if you tried to take some 'tangible asset' off the hands of The Rangers plc to cover your loan? So the cost of carrying out sufficient due diligence to have reassurance would cost a lot and take a long time. However they will have something I would be prepared to give a loan against. And that is season ticket income. Going on sale over the summer months. I would just make sure the first couple of million came to ME. I could tie that down legally, and chase it easily if the decided to play silly b****ers. As risks go that option is a lot safer than any others I could think of. Edit: Just read their formal announcement. It is the Albion Road car park and Edmiston House as security! Think above is irrelevant .But good luck guys

If the might Gers II had lost today what would the consequences have been? Loss of money for semi final and final, loss of TV money, sponsorship etc. less bonuses to the extravagantly paid duds of players not to mention the management team! Loss of income enough to have forced them into administration again? How come Albion Rovers have a manager plus some old guy and Rangers have Ally, McDowell, plus a few other well paid has beens. Why? What do they actually do?

Enough truths and realism in this to make it sound reasonable, and enough to convince some fans that McColl's bubble is burst. No way. At the AGM 50% plus allows the majority to make things happen, but anything less than that (someone can explain the numbers) can STOP things happening. So the statement sounds very plausible, but everything is still an option. See Dingwall is believing without understanding and happy to suck up to whoever treats him as somebody of significance. Whoever can provide him with a blazer that fits will get his support.

"......as a result of an apparent erosion of mutual respect between two of our oldest rivals." But Campbell do you not realise that no one respects Rangers. That is the one created by evil doers David Murray, Craig Whyte, Chucky Green and his dodgy friends. By bringing in new directors they are trying to work their way back to some normality, honesty, and even respect. But they are a long way away from achieving any of that. So wake up Campbell, pay attention. Or have you just been ignoring the shockingly awful behaviour of Rangers over the last few years in the hope it will get sorted with the wave of a magic wand?

You are some player Bennett. Talking inconsequential nonsense as if it were important. Your apology will keep this sillyness going for a few more pages. Meanwhile the Rangers board is getting loaded with people who give all the appearance of both being reasonably honest and competent. Your opinion? Who knows. Shares in Rangers being dumped into the market with no takers. Your opinion? Who knows. Dodgy guys like the Easdales lurking in the shadows, working like hell to create a board that looks credible as the AGM looms. Your opinion? Who knows. McColl and Blin lining up for an onslaught on the board as it will be by the time of the AGM. They will have plan A but also a plan B for that meeting. B could make the eyes of all Rangers fans water. Your opinion? Who knows Ally fat boy McCoist offering a large salary reduction when under public pressure is still sitting tight drawing his full wages. Corrupt and greedy to the core. Your opinion? Who knows. Waffling away as the future of your club is being fought over and determined. Bennett fiddles away as Ibrox burns.

Obviously someone was keen to get out quickly. Dumped a relatively large volume which was bound to depress the price, rather than get out over a period. Not quite a vote of confidence in the new board that is being created. They may look ok on paper, but would expect that McColl and Blin have been working behind the scenes to get their story across to the shareholders (they know of). That might explain this "get out now and get out quick, cut your losses" sale. Wonder if the shares sold were ones that Easdale was planning to use for their voting at the AGM? Doomsday is getting closer.

In his letter, Chucky refers to "we are working hard to rebuild our reputation as a major Scottish institution...". I have followed the saga of Rangers reasonably closely. Not in as much detail as Tedi and his chums. I seemed to have missed this part of Chucky's reign. He fed hatred and ire to the Rangers faithful to get them wound up to hate everyone he claimed hated them. Always totally negative, aggressive and verging on the illegal. Rebuilding our reputation? No way. Absolutely no way.

The Rangers indignation about the Rory Bremner comment has achieved exactly what the Rangers board wanted.To create a smokescreen they can hide behind. They want all the Sevconians to get wound up, bluster and froth at the mouth and be reminded about the many conspiracies that work against them. This will then fill the pages of the Record and such like, get the social media like here preoccupied with it. What should happen, what should not happen, who should resign from the SFA, is the Pope a catholic, has the letter been written, in the post, arrived yet? That plus the silly nonsense about the non event we have been seeing on here. What Jack Irvine does NOT want us to talk too much about are the connections between the new 'chairman' and the new director with Whyte or Green and their sidekicks/advisors. Also deflect from the build up to the AGM. The less facts and details that are aired before the big event the better for the current board. After all there is lots to hide. So bluster away guys, just realise it is Jack Irvine pulling your strings.

The official line (soon to announced) is that Ally McCoist is a 'fine figure of a man', slim, fit, healthy, good head of hair and generally a good egg. In fact a very good egg. Has a wonderful personality to go with his wonderful body, being gracious, generous, forgiving, tolerant, kind and caring. He has also made a tremendous sacrifice of giving up 'up to 50%' of his salary because he cares so much for his club, and for those who have handed over their hard eared cash to watch dross. In fact we all believe he is seriously underpaid on £825,000 per annum. There is no limit to this man's graciousness. If anyone out there says otherwise, the The Rangers will formally complain to the SFA, Peter Lawwell, the Catholic Church, the BBC, Sunny Govan radio, Daily Record and anyone else they can find who has any respect for reality, the truth or even has a sense of humour.

Whit a moaning git Great start to the day Bendy? Can only get worse. Friday is always a good day for the Rangers board to hide a little snippet of their corruption and dodgy dealing.

See Scot Gardiner turned down the Chief Exec job at he Rangers. We don't know all the reasons but according to the Daily Record http://www.dailyrecord.co.uk/sport/football/football-news/dundee-chief-scot-gardiner-turns-2793663 "he didn’t receive assurances he would be allowed to call the shots at Ibrox." If he wasn't allowed to call the shots, then who is? And I presume Mather had the same brief, with limits on allowing him to do his job. I am sure Tedi would take the job and do as he was told for say £100k? Are the strings being pulled by the bus boys or do we have to look beyond that? Namely the France/Monaco alliance

"Overseeing capital projects" ??? Like turning assets that don't do a lot into cash? Sale and leaseback of Ibrox? Housing development at Murray Park? Consequences could be horrific, if you are a Rangers fan.

There must be a meltdown going on. Otherwise why are we overwhelmed with Sevconians talking about everything except the shambles that is Rangers? We do know that once the latest meltdown is confirmed we won't see them for days. If BDO is reporting on Friday that could be another fun day . Where will the Sevconians be hiding that day?

Think this one from Charlotte is the most damning http://i.imgur.com/rVKI08I.jpg Of course it damns the company when the chairman is saying things like that. Enough you would think to get the polis chapping on the door again. But it also damns Murray. You would have thought that those who hold directorships or is chairman realise they can no longer turn a blind eye to suspicions of this sort. The legal obligation is on them is to find out. Just as John Greig, Bain etc looked away when Murray (Sir D) fiddled so Murray the chairman is doing the same. I think that email knocks his comeback attempt on the head. Can't see how McColl or Blin can accept him with that attitude. This company needs people who will NOT turn a blind eye, no matter what they are paid (bribed with). How much longer can this be tolerated by the authorities? (Exclude the SFA from that, they always look away.)

I didn't know Rangers had a formal 'endorsement' programme. Is there an exam? Maybe someone can send me a test paper? If I give the answers as 1690, orange, white horse, barcelona, Lawwell, flute, lambeg, nearly 2 years I am sure that gives me a pass mark. I would like to be considered for this endorsement. I have consistently supported what was best for the club as the idiots, thieves and con men suckered the loyal fans and hoovered money out of their pockets. Hopefully there is a certificate I can frame and put on my wall.