As Celtic prepare themselves to celebrate 3 in a row, with Rangers absent from the top league for two of them, imaginations are running wild amongst their supporters that they are now on the road to ten in a row.
http://www.heraldscotland.com/sport/opinion/every-empire-can-crumble-but-make-no-mistake-10-in-a-row-is-on-for-celtic.23525085
Of course, Rangers don’t have our troubles to seek, but we are on course to return to the Premiership in August 2015, shortly after it is expected that Celtic will have secured their 4th title on the bounce.
No Rangers fan I know expects that we will win the title in 2016 on our return to the Premiership, as Celtic have been able to call on Champions League riches, and some astute dealings by Neil Lennon, to paper over the financial cracks at Celtic Park.
We do however, believe it is slightly presumptuous by Celtic fans that the biggest club in Scotland (that’s Rangers) will not be able to recover our rightful place at the top of Scottish football until 2023.
It strikes me more that those indulging in such conjecture are more likely to be trying to kick the Rangers support while we are down than actually believing it.
It may be that Rangers have more important fish to fry in the coming months than bother about retorts to this kind of nonsense, but Michael Grant can be assured that this article has been saved for a rainy day
Bill.
Thursday, 27 February 2014
Monday, 24 February 2014
What Next?
Some Rangers fans may feel comfortable that the club has entered in to loan arrangements with Laxey partners, and Sandy Easdale, however, I will categorically state now that I am not one of them.
Following news last week that this was likely, it’s only this morning that some detail has been announced
While last week’s coverage suggested that the loans were investments in to the club in return for shares, the announcement this morning makes it clear that the facilities are indeed loans, with no option of shares for Easdale, meaning the club (we) are due to pay him back £500k before the season has even started.
Laxey have an option on Shares, but, given the sheer volume involved (Approx 304,750 shares at current prices) this would require an EGM to approve such a substantial issue of shares, and increase in voting power to Laxey, with an EGM facing a dilemma of accepting this, or saddling the club with a £1.12M Debt to Laxey at the start of the season.
On the face of it, while Easdale has been cute in presenting his loan as interest free, it is still a loan, and by no means an investment.
While Jack Irvine might try and bullshit the support on to believing that Easdale/BPH/AN Other have oodles of cash to “invest”, this deal proves once and for all that no such thing will happen.
Other investors have a right to be aggrieved, if reports are accurate that they were not consulted about these loans, nor given an opportunity to make their own proposals
It looks to these untrained eyes that Laxey are running the club, and have us over a barrel.
Like many supporters, I do not wish for many more months of the current movers and shakers at the club being at loggerheads with forces associated to Paul Murray as that conflict itself is damaging, but I feel that this current situation is unacceptable.
The problem is, while Dave King has been lurking in the background, it appears unlikely that he will launch a hostile takeover, as that would require significant purchases of shares from those very same groups who are in control of the club at present.
Unless King has a change of position and decides that lining the pockets of Easdale, Laxey and company is a necessary evil, then there looks to be few painless options for other shareholders and supporters.
Some will use this as an opportunity to drive Fan Ownership, however, the RST’s scheme is still being administrated by the same individuals who have repeatedly failed to communicate to their members about upheaval to their own board, so they cannot be trusted, while the alternative scheme being championed by some former RST board members is still in it’s infancy, and far from capturing the imagination of the levels of support it would need to make inroads in to the club’s shareholding.
So, where does that leave the normal supporter and minor shareholder?
In a pickle.
Firstly, we need some detail from Graham Wallace as to the “120 Day Review”, and what the current burn rate of spend at the club is per month, and the basis for these loans.
The level of communication is just not good enough.
Secondly, unless we get a credible and confidence building explanation from Wallace, we need to pick what option from those available to us, is the one we should lend our support to, whether it be the Rangers (Fi)RST movement, which some may think is just the RST without Mark Dingwall and Gordon Dinnie, The Remaining Supporters Trust, or pressuring King to invest.
Doing nothing does not look to be a feasible option.
If anyone has any brighter ideas, then I’m all ears
Bill
Thursday, 20 February 2014
These People are NOT liberal
I’ve seen a lot of anger over Graham Spiers’ latest attention seeking column defending the Official Celtic fan groups campaign to chart the IRA anthem “Roll of Honour”
This vile song has been described in great detail on The Rangers Standard, and to a lesser extent on Vanguard Bears, so I certainly won’t be repeating the lyrics here, but I will stress that it is a song that praises Republican terrorists
http://www.therangersstandard.co.uk/index.php/articles/current-affairs/309-roll-of-dishonour-celtic-s-shame
Spiers surprises no one with his defence of such a disgusting homage to the Anti British Racists, bigots and killers of the “Brits Out” era of the Provos and INLA.
Of course, he dresses up his defence of The Green Brigade, and “Fans Against Criminalisation” as some kind of uber liberal approach to free speech, with some disingenuous waffle about “The Irish Question” thrown in to try and justify not being able to take up a stance against murdering bigots and gangsters.
Taking up a liberal stance inconsistently though exposes him as having an agenda following years of distinctly non liberal posturing and campaigning against Rangers songbook
He’s as transparent as cling film
He’s also presumably free to write whatever provo-cative filth riles decent thinking people in Scotland, therefor The Herald is equally culpable for allowing publication, just a few days after reporting Celtic fans “success” at having Roll of Honour charted.
I monitored a number of Rangers fans challenging Herald editor Magnus Llewellin last week on that disgraceful front page and he failed to reply.
This further insult to the Rangers support from Graham Spiers in the same newspaper, should serve as a reminder to Rangers fans, and to decent people across Scotland that this newspaper should be shunned, and it’s editor told why it is being shunned. If you are going to stop buying the newspaper (better late than never), then you have a duty to tell the editor why. For good measure you should tell the regional MD of Newsquest Tim Blott why you are no longer buying his product.
This is not a job for someone else. This is a job for me, and you. All of you.
During Llewellin’s time as Deputy Editor and then Editor he has overseen a drastic reduction in circulation and income. The Herald’s circulation is in the region of 40k, down by 7k in the year, and only further reductions will reverse their disregard for decent people in Scotland.
Magnus.llewellin@heraldandtimes.co.uk
Tim.blott@newsquest.co.uk
As Spiers was writing his piece, Glasgow University students were celebrating the election of Edward Snowdon as Rector. It seems that joining the military, then putting your colleagues and your country at risk of terrorist attack is something to celebrate in Glasgow
There is something fundamentally wrong that the University can accept such a candidate, but I for one was not surprised. If they can employ and defend Jeanette Findlay, for her outspoken support of Irish Republicanism, then they too are worthy of scrutiny.
I don’t doubt there are increasing numbers who feel that the wrongs in this country need to be addressed, and are of the view that none of Scotland’s political elite or media establishment represent the majority
It is for this reason that I have started writing some non football content for http://thescottishunionist.wordpress.com/, and I’d suggest my readers pop over to a site that I feel could be the beginnings of something very special
Bill.
Tuesday, 11 February 2014
What Happened To This?
From the Herald
13 Dec 2013
Perhaps it's just the headline that was misleading.
Rangers investor to crack Blue Pitch and Margarita mystery
Greig Cameron
Deputy Business Editor
Friday 13 December 2013
A RANGERS shareholder with decades of experience in fund management has begun high-powered moves to reveal the identities of the people behind the secretive Blue Pitch Holdings and Margarita Funds.
The investment professional, who asked not to be named, is a long-standing season ticket holder at Ibrox, said he has consulted a "mainstream" law firm in London to investigate the options available.
He intends to take the matter further down the legal route if the board at Rangers International Football Club (RIFC) are unable to provide answers.
He said he wanted to know what exact efforts the current board (RIFC) has made to uncover who is behind Margarita and Blue Pitch.
He said: "I am getting a bit irritated with this obscurity about Blue Pitch and Margarita.
"If [the board] say we don't know then I want them to make a public report saying that. If they do know who is behind it they should be telling us.
"I think the fans really need to know the identities of the people behind these holdings. That is only fair."
Blue Pitch has four million shares in RIFC, equivalent to more than 6% of the share capital, with Margarita holding 2.6 million, or 3.6%.
Both are believed to be backing the current regime at the RIFC annual general meeting on December 19.
Shareholders are being asked to vote at the AGM whether to retain chairman David Somers, chief executive Graham Wallace, finance director Brian Stockbridge and non-executive director Norman Crighton.
Along with several other resolutions there will also be votes on whether to accept Malcolm Murray, Paul Murray, Alex Wilson and Scott Murdoch.
The fund manager indicated he will pursue the identities of Blue Pitch and Margarita regardless of how the AGM turns out.
He said he would like to have access to the latest financial incomings and outgoings at RIFC and see details of commercial contracts.
The possibility of disenfranchising secretive shareholders was raised last month by former RIFC chairman Malcolm Murray.
That option is thought to relate to a section of the Companies Act 2006 which states a company has the right to know the beneficial owners of shares held in nominee accounts.
A company has to maintain a register of such interests which must be available for shareholders to see.
If that is not made available one possibility is for the voting rights of the shares to be suspended
13 Dec 2013
Perhaps it's just the headline that was misleading.
Rangers investor to crack Blue Pitch and Margarita mystery
Greig Cameron
Deputy Business Editor
Friday 13 December 2013
A RANGERS shareholder with decades of experience in fund management has begun high-powered moves to reveal the identities of the people behind the secretive Blue Pitch Holdings and Margarita Funds.
The investment professional, who asked not to be named, is a long-standing season ticket holder at Ibrox, said he has consulted a "mainstream" law firm in London to investigate the options available.
He intends to take the matter further down the legal route if the board at Rangers International Football Club (RIFC) are unable to provide answers.
He said he wanted to know what exact efforts the current board (RIFC) has made to uncover who is behind Margarita and Blue Pitch.
He said: "I am getting a bit irritated with this obscurity about Blue Pitch and Margarita.
"If [the board] say we don't know then I want them to make a public report saying that. If they do know who is behind it they should be telling us.
"I think the fans really need to know the identities of the people behind these holdings. That is only fair."
Blue Pitch has four million shares in RIFC, equivalent to more than 6% of the share capital, with Margarita holding 2.6 million, or 3.6%.
Both are believed to be backing the current regime at the RIFC annual general meeting on December 19.
Shareholders are being asked to vote at the AGM whether to retain chairman David Somers, chief executive Graham Wallace, finance director Brian Stockbridge and non-executive director Norman Crighton.
Along with several other resolutions there will also be votes on whether to accept Malcolm Murray, Paul Murray, Alex Wilson and Scott Murdoch.
The fund manager indicated he will pursue the identities of Blue Pitch and Margarita regardless of how the AGM turns out.
He said he would like to have access to the latest financial incomings and outgoings at RIFC and see details of commercial contracts.
The possibility of disenfranchising secretive shareholders was raised last month by former RIFC chairman Malcolm Murray.
That option is thought to relate to a section of the Companies Act 2006 which states a company has the right to know the beneficial owners of shares held in nominee accounts.
A company has to maintain a register of such interests which must be available for shareholders to see.
If that is not made available one possibility is for the voting rights of the shares to be suspended
Tuesday, 28 January 2014
R.E.S.P.E.C.T
One of the most irritating aspects of Rangers troubles in the last 2 years has been a culture within the club, and of people who should know better, to fail to communicate the truth to the Rangers support.
I’m sure most Rangers fans will join me in asking that senior officials at the club embrace a new dawn, and endeavour to tell us the truth at all times. That should also apply to footballing management, and friends of the footballing management.
With the recent departure of Brian Stockbridge from the club, there at least is hope within the Rangers support that the business end of the club is being cleansed with a new transparency on its way under the leadership of Graham Wallace.
Is it too much to ask that the footballing side apply the same approach?
As Rangers players trundled off the field on Saturday, lucky to have secured three points against part time Arbroath, I’m told that Manager Ally McCoist welcomed the players back in to the tunnel with words of congratulation for a great performance.
Bear in mind please that his friends in the media have for the last week been telling us how good he is, how good the coaching staff are, and how good their preparation is among many superlatives.
Are they delusional, or are they knowingly lying to us, to support their friend?
Loyalty is an admirable trait, and something sadly lacking in modern day football, however, is loyalty to Ally McCoist more important than loyalty to the Rangers support? Is loyalty to an agenda to attack the board more important than telling the truth?
This Rangers side is an expensively assembled one, and is in fact the second most expensive in Scottish Football
Therefor we should expect that the football be of comparable or superior quality to all Premiership sides and far superior to anything in our division
Can any Rangers fan put their hand on their heart and state they believe this is the case?
I know the events of the last three years have been distressing and that they can cloud the memory somewhat, but can any of us really look at this expensive side, and see any of these players controlling matches in the Premiership as Rangers trounce Celtic to the title?
After all, haven’t we been told that the reason the squad is so expensive is so that we can compete on our return to the top table, and compete for the cups?
If this current squad is only a transitional one that has to be bolstered by significant investment once again on return to the top flight, it begs the question – Will Ally McCoist need to spend multiple amounts more than Celtic just to compete with them?
I’m sorry I’m just not buying any of the superlatives, or even the seemingly reluctant approval of Richard Wilson in the Herald, or the loyalty to McCoist on Follow Follow from those who just happen to be part of the “Spivs Out” movement.
Rangers have missed a golden opportunity to shape a young (and inexpensive) exciting side who could have had a wealth of experience on Rangers return to the top. Much of that is attributable to Ally McCoist, who has chosen to fill his squad with numbers, “experience”, and dodgy foreigners, then leave the supporters under no illusion about what his footballing outlook is by picking sides full of the same. Every week.
Of course, he will point to Rangers scouting being cut, and blame Charles Green or Craig Mather, but ignore the fact that perhaps they could have allocated more resource to it if he demonstrated a real desire and ability to build his squad using youth, and spent less money on “experience”.
As Graham Wallace works his way through the legacy of decades of mismanagement throughout the whole Rangers business, he would be foolish to ignore the beating heart of the business that drives everything else, ie the football side.
If he doesn’t then he’s firefighting and missing a golden opportunity to make changes while we still can.
Bill
Thursday, 23 January 2014
The Fog Reappears
Just when you think there is light at the end of the tunnel in this Rangers saga, the fog has once more enveloped the club, as much needed cost cutting measures within Ibrox have been resisted by Ally McCoist and his squad, and yet another propaganda war started between the current board, and prominent Rangers shareholders including Alex Wilson and Dave King.
It’s now the world’s worst secret that one of the ideas mooted by CEO Graham Wallace to Ally McCoist and Lee McCulloch at a meeting was that the 1st team squad accept a 15% cut in wages.
Unsurprisingly, “the players” , who were represented at the meeting by McCulloch, are believed to have rejected the idea out of hand
Sadly, in this circus we call Ibrox, that confidential discussion was reported in the Daily Record the next day, triggering a new wave of leaks from the club clearly released to undermine McCoist, including a copy of the training schedule for this week, which I won’t reproduce here but showed that there is a fine line in football between “professional” and “part time”, if time on the training field is anything to do with it
Next up was the embarrassing revelation that the players were lording it up in a hotel as preparation for the Forfar match.
With McCoist defending the decision shortly after, it was clear he was at loggerheads with the board
This board, or at least someone connected to it, obviously has little respect for McCoist, and the next leak, if true, detailed what appeared to be an internal Rangers email from in 2012 discussing McCoist’s salary demands, suggesting some rather distasteful manouvering over a suggested cut from former CEO Charles Green and current FD Brian Stockbridge, where McCoist is described as accepting a pay cut to 600k, then asking for a shortfall to be paid back to him.
It certainly didn’t show McCoist in the best light, and I’m sure that many other Rangers fans hoped that McCoist’s media offensive against the board this week would include a denial of the suggestions in the email, or an apology if the contents were true. To date we’ve had neither.
With the board’s offensive done, it is now the turn of defenders of McCoist, and attackers of the board to return with two different angles.
Defeated board nominee Alex Wilson has attacked the board for not leading by example and cutting the inflated executive salaries, while addressing the financial outgoings of the non- footballing side of the business. While I may have had issues with some of the vague statements from the nominees in the lead up to the AGM, this statement is incisive and fully justified.
Graham Wallace was asked the question by Tom English why the Executives weren’t leading by example, and Wilson asks the question again, because Wallace’s answer to English was disingenuous. He suggested that the salary review was across the business, however it is noted that there is no detail of any suggested cuts in other areas
Wallace, and the board, if embarking on a business wide cost cutting exercise have been cack handed and naïve in their approach, and are at this point, looking distinctly blindsided in their decision to discuss players’ salaries before concluding (or embarking on) the review of the non-playing business.
They should have been aware that with players and media friendly staff still friendly with those viewed as Anti board, it would not have been kept secret
They have not been helped that their own leaks, particularly about McCoist’s alleged salary manouvering, or the players’ training schedule have been confined to blogs and Rangers fan sites, rather than mainstream media.
Jack Irvine may be vindictive and “not to be messed with”, but if he is charged with blackening Ally McCoist’s name and turning the support against him in this latest propaganda war, then he is failing miserably.
As Dave King steps in with his own view this morning that the club should not be cutting costs, but should be investing in the team to compete in the Premiership when we get there, you begin to wonder if the credibility he has, given his genuine financial capability, is in danger of collapsing as he fails to recognise the deficit the club is facing with no additional revenue or investment to fill that gap,
Wallace has spoken previously about establishing sustainability before seeking investment, while King believes the investment is more urgent.
The issue of King’s investment proposal relying on existing shareholders diluting their shareholding if not investing more cash, while someone else invests in to the club is a sticking point, as my understanding is that current major shareholders are not keen to have their shareholding diluted. To those who paid 70p a share, or market value, rather than 1p per share, this and share value matters.
I’m no expert, but having the board at loggerheads with King, and having the manager conspiring against the board, and them conspiring against the manager is not a good place to be.
Meanwhile the club is still in deficit, with reserves dwindling, and no immediate signs of investment
My view is that this is the time for compromise between King and the current board, to ensure that there is a hybrid approach that suits everyone.
Perhaps the only reservation I have is that the size of the Rangers squad, and the size of our players budget to turnover ratio may be in the region of 30% as widely reported in McCoist’s defence, but that does not include a not insignificant sum for approximately 30 other registered players at Ibrox. 56 players is too much, and there is evidence of quantity over quality, so McCoist has to accept that his forays into the transfer market on behalf of the club are not returning best value for money, and he must show that there is both an acknowledgement of that, and a willingness to remedy it, or he is not the man to take the club forward
There is talking to be done at Ibrox, and some of it needs to be done privately, but if there is no “hands up I made an error” moment from any of the parties involved, then I fear for the future.
Bill.
Tuesday, 14 January 2014
The Wonderful World of Propaganda
As Rangers fan David Limond contemplates his actions in prison, he will no doubt regret pissing so many Rangers fans off over the last couple of years with his antics.
With a mouth bigger than the Clyde tunnel, and a bizarre idea that the laws of the land didn’t apply to him it was inevitable that he would land himself in trouble with the law.
So, as Rangers fans have decided against taking on various journalists and their hangers on due to his toxicity, the great shame is that his stupidity has allowed the Rangers support to be tarnished by his actions.
While I have little sympathy for “Limmy”, I have to take issue with some of the nonsense written in the last couple of days, in the Scottish media, and also the Press Gazette in London about Angela Haggerty, Phil MacGiollabhain, and Alex Thomson of Channel 4. I also have to take issue with the Scottish media’s ignorance of abuse on social media of Rangers players, and the apparently different sentencing used in social media abuse cases.
In the Daily Record’s first report of Limond’s indiscretions, it quotes both Haggerty and Phil Mac Giollabhain, with absolutely no recognition of Mac Giollabhain’s bigoted past mentioned.
It should be noted that the book Haggerty edited was not an objective analysis of Rangers financial troubles, but a hate filled book written in a vile tone.
Did Limond overstep the mark with his sectarian comments? Absolutely.
Was his target an innocent shrinking violet without a sectarian bone in her body?
With Haggerty yesterday promoting Sectarian IRA publication An Poblacht I’d suggest that you can draw your own conclusions
http://i43.tinypic.com/5m0o6s.jpg
This blog highlights why the IRA were and are sectarian
http://truthonsectarianism.blogspot.co.uk/2011/05/ira-are-sectarian.html
MacGiollabhain of course was a writer for said IRA publication, and also co founder of another IRA publication the talfanzine. Unforgettably MacGiollabhain’s book serialisation was pulled from the Sun after some Rangers fans sent copies of some of his previous blogs to the newspaper. A shocked Editor pulled his serialisation and ran an editorial stating that MacGiollabhain was “tarred with a sectarian brush”
As Haggerty and co line up to have a kick at the whole Rangers support for the behaviour of Limond, it is noticeable that Macgiollabhain’s friends Thomson, De Long of the NUJ, and Roy Greenslade are all actively promoting the tired old Rangers are Racist line, despite Haggerty being as Scottish as Limond. It certainly raises questions as to how the judge could decide calling Haggerty a “taig” was Racist. Sectarian? Yes. Racist? How?
MacgiollaBhain has unsurprisingly got in on the act of attacking the wider Rangers support, calling in some quotes and favours from long time collaborators Alex Thomson and Roy Greenslade
Greenslade, is not an objective voice on anything Rangers related
http://williampoole.blogspot.co.uk/2012/11/wp-archives-mar-12-2012-roy-greenslade.html
Alex Toxic Thomson is hardly the most reliable “journalist” to comment, given his constant support for MacGiollabhain. How far removed from Phil do you need to be to not be tarred with a sectarian brush?
http://williampoole.blogspot.co.uk/2013/02/wp-archives-14-oct-2012-toxic-thomson.html
http://williampoole.blogspot.co.uk/2013/01/wp-archives-april-12-useful-idiots.html
http://williampoole.blogspot.co.uk/2013/01/wp-archives-april-12-glasgow-toughest.html
http://williampoole.blogspot.co.uk/2013/02/wp-archives-14-aug-2012-alex-thomson.html
http://williampoole.blogspot.co.uk/2013/02/wp-archives-05-oct-2012-toxic-tomos.html
The Press Gazette report is being widely touted as a voice of reason on the subject, and presumably Dublin born writer and news editor Darren Boyle is another friend of the toxic network of Rangers haters.
The simple fact is that Limond has been punished, and while the sentence is harsh, he can have no complaints about the verdict.
What is most interesting is that the type of provocative language and prose written by MacGiollabhain goes unpunished, while Limond finds himself in the clink.
The same week that Limond was sentenced to 6 months for some online abuse, former Celtic player Paul McGowan was sentenced to 130 hours community service for assaulting a police officer, despite it being his second conviction for such an offence. It seems that calling people names is now worse in Scotland than assaulting people.
Fact is, the mainstream media in Scotland wouldn’t touch MacGiollabhain or Haggerty with a bargepole, despite the sympathetic tone of the reports attacking Limond. They know only too well that employing either of them would significantly damage their circulation, and damage their already fragile reputations.
Darren Boyle also finds himself on the fringes of meaningful employment working for the Press Gazette, although journalists who read the publication should be made aware of the type of company he is keeping
Frankly, it wouldn’t surprise me if Roy Greenslade of the Guardian website found himself in a Brian McNally redundancy situation. McNally displayed all the same traits with an added cockiness of thinking he had a mainstream platform for his agenda. He didn’t. Maybe Republican Roy will learn the same lesson. The people of Britain don’t want to be force fed extremist propaganda, no matter what “side” it comes from.
The People of Scotland should not tolerate that Limond can get 6 months in prison, while vile filth like Ciaran Wallace walks free, or Paul McGowan punches police officers without jail time, and they shouldn’t tolerate that the press won’t point out that imbalance, but will instead be part of it. Either they should all get jailed, or none of them should.
The only people who can affect change are you and me. Make your feelings known and write to your MSPs, MPs and newspapers.
If you think that is futile, then you underestimate the power you have.
Bill.
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