written by – The Old Boy
The beginning of the end looks to be upon us as far as ownership of Rangers is concerned. Now that Robert Sarver has been shown the door by the current board on the basis that after canvassing some shareholders he would not have the necessary 75% backing. One of the major questions for fans must be who has blocked Sarver’s bid?
Which shareholders were consulted and who would not support Sarver’s bid for control given that Rangers need short term loans on a monthly basis just to survive. When someone with the financial clout and experience of running successful sports entities comes knocking on the door of cash strapped company like Rangers and offers a fair price for control and then he states he will provide a further £6.5 million in working capital – why would you not take up this offer?
I am beginning to think the Directors have discovered a diamond mine deep under Ibrox and are not telling anyone or else the interests of the club are subservient to the egos that surround both the boardroom and major shareholders.
If we look at the current financial state after Robert Sarver’s departure we have Mike Ashley who still seems to want control of Rangers despite the SFA ruling against further increasing his shareholding. Nobody knows what his game plan is and I suspect that is the way it will stay. His way of doing business is to do everything behind closed doors. Whilst it came as no surprise when his two place men were given senior positions on the board. Nobody other than himself and his close business associates know and understand what his position is.
Then we have the Three Bears with a significant stake in the club. What was their position on the Sarver bid? What is the level of finance in terms of investing both on the playing side and the infrastructure of Ibrox? Again there is a total lack of information as to their intentions.
The same applies to Dave King, another significant shareholder who has not put any plan forward in the public domain either in how much working capital he would invest into the club should he become King of Ibrox.
I have a simple message for all those interested parties in taking control at Rangers and it is to start talking to us the fans, those that go week in week out, who put our hard earned money in supporting the team buying merchandising, etc.
Start outlining a future vision for the club.
I have no doubt there will be a new composition in the ownership of Rangers shortly and the familiar cry from those in charge whether they are “Rangers Men” or not will be give us your money for season tickets etc.
We know given the payoffs whether to board members or Ally McCoist what is in it for them. It’s time to come clean and tell us the long suffering fans what we can expect for our money.
The Old Boy has been a season ticket holder for nearly forty years.