THE Rangers Fans’ Board has revealed Ibrox chief executive Derek Llambias branded supporters “a disgrace” for their conduct at the AGM last year.
“The board is, however, within its rights to hold the meeting in London; neither the AIM Rules nor the Companies Act prevents this.”That description contained within the minutes has not been well received by The Rangers supporters, who want to see King’s bid to remove the board succeed.
Elsewhere in the minutes, Llambias denied that he had lied to the fans’ board when he said the meeting would be on March 6 – and threatened to sever ties with them if they repeated the claim.
He also stated the EGM vote is “100% secure and independent”, and rescheduling the meeting due to too many shareholders turning up is “in nobody’s interest”.
Llambias is quoted as saying: “There is no way that Dave King can be 100% confident that he has the 51% votes requirement. If he was he would come out and communicate this publicly.”
And Llambias insisted the £5million loan from Sports Direct owner Mike Ashley was a better deal for Rangers than the one offered by The Three Bears.
He said: “SD has a football priority going forward and affiliation with five different clubs: Oldham, Sheffield Wednesday, Portsmouth, Newcastle and Rangers.
“Their model is taking over as many retail operations in football clubs and putting them ‘into the SD machine’ for ongoing retail revenues.
“I believe they can help Rangers sell more shirts overseas than we could ever have done on our own.”
He also denied that Ashley had received the rights to the Rangers crest and badges in return for giving up the naming rights to Ibrox.
Llambias is quoted as saying: “He returned the naming rights for 25% advertising rights at the stadium. The crest and badges are not part of this – they still belong to RFC.”
But the club expressed its disappointment the record of the Ibrox meeting last Wednesday was made public without their approval.
A Rangers* spokesman said: “These minutes have not been seen or approved by the board. We are very disappointed by the behaviour of the existing fans’ board.”
