Despite Walter Smith urging “Rangers fans to get fully behind the resolutions which last week were presented to the Board and shareholders”, which include sacking chief executive, Craig Mather, he added, “Craig Mather, as I have said before is doing a good job. It is unfortunate that this has happened but when change does come I hope he’ll be allowed to continue the job he has started”.
Smith is clearly close to, but not in tandem with, those who requested an Emergency General Meeting.
As well as support for the chief exec, on the manager, Smith says, “As for Alistair McCoist, it is important that we all appreciate that no other Rangers manager has had to work with poorer or more trying circumstances. It is my fervent hope that when the dust settles and Rangers have a clearer path and future he is given the chance to manage under conditions similar to those which were afforded his predecessors.”
Here we get to the crux of the problem. Rangers International face enormous financial challenges. With a half decent football manager, they would be able to win promotion from the third tier of Scottish football with a football budget of around £1m, or several times that of their nearest rivals. If, as the Herald suggested this week, there is not enough money to finish the season, the most immediate responsibility of the directors is to cut costs accordingly.
Cutting costs is not the reason anyone gets into football, and it is certainly not what Walter Smith knew in his time at the Rangers group of clubs, but at times it is absolutely necessary. The non-executive directors of Rangers International would serve their fans interests best by telling this unpalatable truth.
Failure to do this will pale in comparison to some other potential consequences. In setting his stall behind McCoist, Mather’s team building exercise and the EGM protagonists, Smith has almost ensured collapse if those demanding change cannot command the support of 51% of shareholders. To succeed, Paul Murray will need to demonstrate the leadership and deal management skills which were lacking a year ago.
Meanwhile, John Brown’s warning about Green turning Ibrox to dust hangs over the place, a bit like dust.
There is one overarching concern, however. Green is critical to fending off any impending action by Craig Whyte. His evidence will be necessary to explain how Sevco Scotland Ltd assumed the irrevocable entitlement of Sevco 5088 Ltd. Even with Green on-side, this looks like a challenge, but if the main protagonists in this action are separated from those who will have to defend any action, you suspect Whyte will be enormously encouraged.
When Whyte believed he was double-crossed he went nuclear. All Green would need to do is corroborate a sliver of Whyte’s evidence to bring Whyte’s legal challenge into sharp focus. For this reason, Green has to be part of the picture going forward. Demonising him is tempting, and may be deserved, but it’s self-defeating – and these people know all about self-defeating.
Section 111
Two weeks ago I said “place your bets” on what would happen after Celtic issued their “final warning” over a number ongoing issues in section 111. No one was in control of the situation, not Celtic, and not members the Green Brigade, who I believe had nothing to do with several of the issues.
Since then I’ve watched the debate. Some, like Phil Mac Giolla Bhain, attempted to inform on the debate, interviewing handicapped supporters and independent safety experts. Anticipating this day would come, I thought about interviewing the Council, but decided against, not wanting to draw them into making a public stance they would be unable to back down from.
Yesterday felt as inevitable as what’s going to happen next in Govan. Can the situation be rescued? Of course. Will it? Place your bets, people…
I’m not a regular newspaper buyer but the front page of one of today’s is a keeper. Celtic have a lateral movement issue, which dominates the front page, when the utter implosion at Ibrox is relegated to a side column. It’s a testament to our age. We will survive. I can’t say that with any certainty about the other lot.
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lionroars67
16:03 on 6 August, 2013
Breaking: Jim McColl has issued a statement to Press Association Sport. On wires soon.
…………………………………………………
Is that the bloke that does Beechgrove Garden?
speaking to a media acquaintance recently telling me that there are rumours that Dermot Desmond and Denis O’Brien are involved with the new setanta bt vision sports broadcasters. the plan is to take on sky sports, perhaps a way into the epl for celtic
TALLYBHOY
I know,very remiss of me!
It just ended up in the wrong section. I normally keep the unread ones to one side,but I must have been running outa room.
Found a book on Ali,and another one by Gil Scott-Heron too!
Bobby’s in good company….
Off oot.
Hospital visit.
Play nice bhoys!
HH!!
Jim Whyte interviewing Green on Sky Sports.
Welcome back Charles!!
Comedy roadshow continues
Sky only too happy to oblige.
KLV
Nancy? Is she the dame that had the hots for Herr Schickelgruber?
Ole chuckles from FF apparently on ssn
Saying Paul Murray should have bought the club for £2 quid instead of Whyte.
The Blue Knights should put up or shut up
£14m is the asking price.Saying if Jim McColl pays £14 million on Friday, Green will sell his shares
Just watching the “This is just the Beginning” dvd , If Stokes can recapture that form two seasons ago we’re laughing, Scored Goals for fun. Wee James as well.
KLV
Canamalar
Are you still in Barca?
Have you seen the Juanmanandhisdog blog for suggesting food and drink etc in the city?
http://juanmanandhisdug.wordpress.com/
No I don’t recommend you be asked to pay fior that kind of damage at all– no one should thougn you rightly chastised the kids over climbing on the seats.
What I am talking about is the fact that the seat breaking in 111 has gone on for some considerable time– I was told about it two years ago and that on certain dates– when there is a big GB protest– the number of damaged seats goes up.
At first I thought it was deliberate– but after talking to a couple of GB members– one ta least of whom you know— it is clear that it is not!
However, more than one never thought about who was really paying for the damage— the club to them was “they” not “us” and it was taken that it was acceptable to break seats as a result of boisterous behaviour!
Further, many people in that section know that they are standing beside people who have no tickets for that section– so they bunch up, jump up and down and hey presto– broken seats and overcrowding!
If you are a season ticket holder there, and your seat has been broken as a result of that and because you did not “self police” people back to their right section and seat but instead encouraged them to stay are clearly involved in the lateral movement activity in that section– then if the seat is broken you pay for it!
DBBIA
I reckon she had the hits for anything in lederhosen or brownshorts-ta,PG….
Book came out years ago,and I had it in my collection back home.
My Mum gave them all to Oxfam when I left!
Including some real favourites,but heyho…
My reading of greens £14m by Friday is we need it by Friday , that prices the shares at 70p when they are currently 41p the panic is on the accounts will never be seen……..
Thats my reading of it yossarian67. Desperate times.
KLV
Heading to Majorca tomorrow.
As the game is only on BBC2 does anyone know if I will get it over there?
Torontony
15:00 on 6 August, 2013
Canamalar – Cinc Sentis; the best meal of my life thus far; which i still owe the great WDH a good feed for:)
slainte
tony
——————–
¡yo tambien!
BRHT
Just read your post… I can’t believe you have come on to this site to write a reasoned balanced informative article. Get a grip and write about never going back to Celtic park, burning your top, composting your season ticket (I know it’s plastic) and using you Celtic DVDs as bird scarers.
philbhoy-aye he is freelance and costing too much
I thought CHARLIEBHOY only owned 7% of the shares-many of which I believe he has promised elsewhere.
To ask for £14m for the rump values the huns along the lines of Man Utd.
Guysachoob.
Glad he’s back though.
BRTH……hit the nail on the head, get it sorted, NO DRAMA.
yossarian67
16:24 on
6 August, 2013
That money wouldn’t be going to the club. It’d be straight into Green’s and Ahmed’s wallets.
As it stand any purchase of shares by anybody doesn’t put money into Rangers. The only way to do that via shares is to issue more.
If McColl was to take up that offer he’d need to put additional funds into The Rangers to top up the bank balance.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
16:34 on
6 August, 2013
He’s saying £14M for 28% of the shares, so £50M overall – in terms of a takeover (hostile or otherwise) offering at slightly less than double the price isn’t too bad.
I think there’s more chance of Jim McColl (whoever he is) paying £14m into *my* bank account by tomorrow.
brth – comparing the BG to Feyenoord is unfair. The GB are in part a reaction to the crap atmosphere created by the wider Celtic support outwith big games (hun/euro). You should be encouraging the CSCs to be more like the GB than asking the GB to reach out to the CSCs (and all their wee committees). For the GB to get to the levels of the Feyenoord Ultras would take years. In step the PLC. Dont forget the hooligan element in the Feyenoord Ultras – the GB dont have the same model. It was written previously that this is what THEY fear – that the GB could become a bigger, more potent “ULTRA/CASUAL” movement.
canamalar1
14:17 on
6 August, 2013
Hello hello there canny lad. Good to see someone’s paying attention.
Best Regards
Jack
BRTH
Thanks for clarification. Was sure that was what you would say.
Douglas Fraser @BBCDouglasF 17m
More on #Rangers: Charles Green says the McColl-Murray-Blin crowd can lodge £14m in a bank account by Friday, and 28% of #rfc is theirs
WEEMINGER
He’s got some nerve-his shares are barely worth the penny he paid for them.
And he knows it. So do potential buyers.
The only reason for anyone to buy into that club is sentiment-and you rarely see a sentimental billionaire.
it’s a lot of dough for a club burning more money than it brings in and which doesn’t appear to own the stadium or training complex.
FASSREIFEN
Get the beers in then!
no mc coll investment then – according to ssn
Jim McColl rules himself out of any proposed takeover at the Death Star, saying he has no interest in increasing his ‘very small’ shareholding… SSN.
Tick tock Part II…
I doubt McColl even has £14m (or anywhere near it) in cash
Keith Jackson’s position surely untenable….
I wonder where the latest developments leave Jim Traynor?
From tweets of those in attendence last night he seemed to be implying that Chaals would be bought off.
Not by Jim McColl anyway!
Any more billionaires we know of who want to be in charge of the mob?
Welcome back Challs, never a dull moment.
Right Charlotte ball is in your court,
Shows yir wares darling.
Jim McColl says #Rangers needs a “strong, reconstructed, effective, competent board to restore financial transparency and stability” #rfc
greenjedi
16:51 on 6 August, 2013
nonsense – off the radar – don’t you know
Looks like the DR will have to go out and find sevco another billionaire.