Speaking of sensible huns, the minutes of their big meeting yesterday suggest they have one or two absolute fruitcakes in their masses:
MINUTES of Fighting Fund Meeting 4 July 2012
Sandy Jardine welcomed all to the meeting and introduced the top table.
The results of the RFFF poll showed an overwhelming desire (76%) from the fans out of almost 20,000 polled to play in Division 3. A straw poll was taken in the room; the result again reflected an overwhelming support for Division 3.
The entire Rangers board then entered the meeting, introduced themselves and explained roughly what they had done in the past.
Malcolm Murray wants to rebuild the club. All assets are owned by Sevco Scotland. Craig Whyte is definitely not involved, sworn statements have been lodged with relevant bodies including the SFA regarding this.
Charles Green talked about ‘balanced shareholding’ – no individual person would have control of the club again. He said everyone ‘outside of this room’ and the people we represent is Anti-Rangers.
The board stated that £11 million has been raised so far and injected into the club. They reckon there is roughly £3 million working capital, with more money coming in over the next couple of weeks.
John Brown asked the panel if they were still going to have £30 million available by mid-July. Charles Green said that figure was expected given while they expected a CVA to be agreed. The board were confident that more money and more investment was coming into the club and that the targets would be met.
A representative from Rangers Unite asked the board “What would you see as an exit price?” Imran replied that he believed on a bad day the club was worth £50 million.
There is currently £3 million in the bank account and an expected £2.6 million coming in over the next two weeks. This further investment is guaranteed and they have legal documents to prove so.
A Rangers Standard representative asked Charles Green to read out the names of the current shareholders. A number of names were read out and it was revealed that the major shareholder is Blue Pitch Holdings with 23%, which would be getting diluted to between 10 and 15% when the other investors come on board. Ian Hart was discussed as the questioner stated that he previously said he wasn’t an investor – the reasons for this were explained by CG.
CG stated the club would be floated on the Stock Market giving fans the chance to own shares in the club.
Vanguard Bears member and representative from RTID NI asked how CG feels about the fans overwhelming wishes to go to Division 3. Charles Green responded with “I have publicly said that I would accept that.”
Charles Green referred to the players that had left as turncoats. Alan McGregor was the only one to call Sandy Jardine afterwards, with Jardine also mentioning ex Celtic PR ma Peter McLean as being Steven Naismith’s agent.
CG expects criminal charges to be brought to the previous regime.
CG was asked if the possibility of playing in England exists and if he made an attempt at buying Bury FC. He responded that he was attracted by Bury and hoped to mention the club along with Rangers. Unfortunately distance was going to be a problem, as after Wimbledon became MK Dons the football league changed its rules to state that any merger between two clubs could only happen if the clubs were within roughly 60 miles of each other.
He also looked at the possibility of buying Carlisle, but believes we cannot merge with an English club. We would have to start at the bottom of the conference if we were to go to England.
A supporter asked when the current money in the club would run out without further investment. No answer was given. The same supporter was asked later to view the Club assets documents (the one’s Findlay wants to see), but declined the offer.
A representative from Denny then informed the panel that he had four reasons why we should go into Division 3. First he believed it would test Charles Green resolve; secondly he believed it would show the benefit of Auchenhowie and allow the management team to gain experience. Third, it would galvanise and unite the Rangers support, and lastly it would allow us to move on and concentrate on defeating the SNP’s fight for independence.
Malcolm Murray stated that the process for changing the name of Murray Park is underway.
John Brown and Andy Goram both asked if Donald Findlay QC could see the title deeds of the club, Brian Stockbridge, the club accountant, told John Brown to give him a call and they would set up a meeting where Donald Findlay could see the title deeds. This didn’t seem enough for Brown, he believed that a secure location had to be set up because Donald Findlay didn’t want people to know that his name had been mentioned, even though John Brown mentioned it on numerous occasions.
John Brown then claimed that a friend of his offered £11 million for the club before Charles Green’s consortium and that Duff and Phelps had rejected it or ignored it. This was debunked and denied by the board.
Brian Stockbridge twice explained the financial situation to Brown which appeared to go in one ear and out the other….
Charles Green left the meeting to attend another meeting with our enemies.
Various supporters took to the floor offering best wishes to Ally McCoist, stating they would be renewing their Season Tickets as there was no alternative.
Questions to Ally McCoist :
Q – Will you be asking the fans to renew their ST’s?
A – Ally said he couldn’t ask the fans to renew ST’s as he didn’t know which players would be there or where we would be playing and he wouldn’t want it on his conscience that our hard-earned cash was being spent on something he couldn’t guarantee. Also, he didn’t have full trust in the current board for two reasons; he hasn’t known them long enough yet and because of the actions of the previous incumbents.
Q – If you were at our (the supporters) side of the table would you buy a ST?
A – Ally responded, “In a heartbeat……”
Q – Would the manager prefer Division I or Division 3?
A – Ally replied that he felt his duty as the manager was to carry out the fans wishes, if 80% of them wanted Division 3 then he would be 100% behind that. He said that only six first-team players turned up for training plus all the kids. He was unsure if Edu, Bocanegra and Goian would return from their extended break.
Q – It was reported in the rags that you were resigning from the club, was that the case?
A – It was explained by Ally that he had a fall out with CG – things like that happen, but never at any time was he for walking away.
John Brown was then asked to take the microphone for 10 mins – which turned into almost 30. Virtually nothing of the way forward for Rangers was discussed. He was prompted to come to the top table by RFFF Chairman to view the relevant documentation to satisfy his demands, which he declined. The meeting was then informed by Chairman McCormick that he was Brown’s accountant, which brought about many wry smiles from those assembled.
Sandy Jardine then informed the meeting before closing that there will be another RFFF meeting convened soon to discuss the position of the RFFF and funds within it.
