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Big Rangers Administration/Liquidation Thread - All chat here!


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February 27, 2014

Union of Fans Statement

by Union of Fans

Following a meeting of The Union of Fans that currently comprises representatives of the following fan groups - The Rangers Supporters Assembly, The Rangers Supporters Trust and The Rangers Supporters Association, The Blue Order, Union Bears and Sons of Struth - we would like to issue the following statement:

Events over the past few days have left us deeply concerned, once again, about the direction our club is being taken in. We have waited patiently, as requested by Graham Wallace, to see progress as part of his 120 day review, but feel that the latest decision from the board, to line the pockets of shareholders who showed a total disregard for the wishes of fans at the recent AGM, is yet another kick in the teeth.

Over half way through Mr Wallace’s 120 day review we have seen little or no progress. Indeed, the investment committee set up by the board has only been able to secure a loan, at an inflated interest rate of 30% APR, from an existing shareholder. We have spoken to shareholders who were, and are, willing to provide the funds required at considerably better terms than the loan that has been taken from Laxey. This offer has not been progressed by the board or the NOMAD, Daniel Stewart. We would simply ask why?

We note Mr Wallace’s comments that a full process was followed but we have little or no faith that Daniel Stewart or the board have properly analysed the options available. We do not believe that taking a short term loan, at both an inflated rate and securitised against club assets, is addressing the need for a long term solution and urgent investment, and we have seen nothing to suggest this is part of a robust long term plan, despite Mr Wallace’s assertions.

We have no confidence in the current board and would ask Dave King, following his statement yesterday, to set up a trust where fans can place our season ticket money to be released to the club on agreed terms. We would also ask him to lobby all non-aligned shareholders and form a new Shareholders Group to challenge the anonymous shareholders behind Blue Pitch Holdings and Margarita, then take control of the board.

We have already had preliminary and productive discussions with respected figureheads for such a trust and we hope they will now step forward and support Dave King and the fans. Fans can indicate their support for the idea by visiting www.unionoffans.org and signing up.

Also, before this board once again unleash their PR bulldog, Jack Irvine, whose only function appears to be to attack Rangers fans, we would like to make it clear that, like Dave King, we are not suggesting a season ticket boycott. Like all Rangers fans we want to support the club financially as we always have, but it has become clear that the board are using our loyalty as a tool for their own ends rather than the benefit of the club. If they will not listen to genuine concerns or involve those with the best interests of the club at heart then they will have to be made to listen.

We cannot doubt the intentions of one of our own who has previously committed £20m to the club we love. Dave King has declared his willingness to raise capital and lead our fight to regain control of our club.

We ask all our fellow supporters across the world to join us, with Dave King, in an effort to return our club to the people whose only interest in making a profit is to reinvest it in our club.

What a bunch of fucking knickerwetters, can't even wait until the end of said 120 days.

LeiaFacepalm.gif

Not representative. then? :lol:

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I know it's a bitter pill to swallow but dispassionate logic dictates that you have two options:
1. A club and its associated legal entity are coterminus. Thus Rangers died and every other club starts its history from the date of their incorporation.
2. A club and its associated legal entity are not coterminus. Thus the Rangers of 1872 is the same Rangers of 2014 and much digital ink has been spilled with the "yer deid" patter and an Everest of humble pie has to be consumed.
Oh you can try the get-out of the brain-dead which goes along the lines of, "Aye, a club can exist before it became a company but if, when incorporated, the company dies then so does the club". Sounds easy, eh? In fact it's a fiction punted about by morons who can't live with the ramifications of their own belief.

Are you seriously suggesting that incorporation is akin to liquidation, in terms of the narrative of a club?

I thought you were cleverer than that.

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Don't forget to go to Union of Fannies and show your support for the convicted liar...attachicon.gifImageUploadedByPie & Bovril1393513416.514221.jpg

Anyone who puts their money into that kind of thing deserves to get ripped off. Best thing to do would be to either wait to buy STs at the last possible moment, or attend on a game by game basis.

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You know what the most amusing part of the latest schism is?

Collectively, they are 100% correct for a change.

They see through the charlatan nature of the other sides ''champions'' even though it was flagged up years, and I mean years, ago. Yet through staunch bearness, they cannot, will not , see the criminality of their own 'hero'.

If the fans combined, hell they would have a chance. Of being a top flight , pushing for Europe, maybe getting to the odd League Cup Final over the next decade or two. At best.

Divided? Well....they fall. And soon.

So, what do they do? Divide and divide and divide again, like a b*****dised amoeba that dwell in a Swamp.

Apt, and very, very, funny :D

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Listening to that spokesman for the RST on the radio, this is embarrassing they really only want Dave King because they believe he's a "Rangers man" with funds to bankroll the clumpany

He was really poor, shocking. He has no idea really why they should have a boycott. Dave King has had ample opportunity to get back on board, but does not fancy putting money in.

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Seriously, why put season ticket money in that trust fund, when a perfectly good mattress would do just as perfectly well?.

I have no idea whether the people who would run this trust fund in the name of Union of Fans are honest, why trust this lot?.

And anyway the future of the club is far more important, why jeopardize everything right now. Stop fighting, let things settle down, encourage investment for next season's campaign so Ally can build a team capable of impacting the Premiership first time of asking.

You don't know whether to trust this lot?

A wee clue - they want fans to give them money, but haven't said what happens next.

Mind you, the Horde have, over the last couple of years, trusted Ally, Walter, Craig, Charlie... ffs, even Bomber and Dave King have had their followers. A quick dog-whistle and the Horde were right on side. Laughable, really.

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Listening to that spokesman for the RST on the radio, this is embarrassing they really only want Dave King because they believe he's a "Rangers man" with funds to bankroll the clumpany

The spokesman says he isn't impressed with how The Rangers are wasting money and is hesitant to put any more in.

He then goes on to say that he will continue to support the manager and the team. The same manager and team that are the biggest expenditure then....

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It was hilarious. Apparently if you are not apoplectic with rage due to DK talking to PMG you must be a <insert sectarian term of choice for Irish Catholics>. However if you don't want DK to oust the spivs you must also be a <insert sectarian term of choice for Irish Catholics>. It quickly descended into a bitter paranoid mudslinging match where everyone was an 'obvious' <insert sectarian term of choice for Irish Catholics>.

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BFDJ a leg end, or a scumball....they decide..

post_old.gif Today, 18:08
FF Squad Member
Join Date: 13-05-2012
Posts: 580
icon1.gifDerek Johnstone snyde
any respect i had for this man shot right out the window " i feel sorry for wallace" bad timing from king...scandalous statement from a so called rangers man trying obviously to keep his rangers tv job complete useless waste of space ..
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