Dave’s revolution on hold at Ibrox
After the euphoria of the new
regime taking over exactly two weeks ago, there is no denying there has been
something of a bump back to earth.
regime taking over exactly two weeks ago, there is no denying there has been
something of a bump back to earth.
Financially Rangers remain in
exactly the predicament they were in 15 days ago, the team is still absolutely
awful, and promotion looks a mile off.
exactly the predicament they were in 15 days ago, the team is still absolutely
awful, and promotion looks a mile off.
Chairman-to-be Dave King has
today formally applied to court become director, and Rangers remain frozen on
the AIM due to the resignation some weeks ago of NOMAD WH Ireland.
today formally applied to court become director, and Rangers remain frozen on
the AIM due to the resignation some weeks ago of NOMAD WH Ireland.
There have been whispers of
Robert Sarver getting involved again, while Brian Kennedy has confirmed he is
interested in investing, but truthfully, not really much has actually happened
in the past two weeks beyond finding a new manager, two directorship
appointments and one resignation.
Robert Sarver getting involved again, while Brian Kennedy has confirmed he is
interested in investing, but truthfully, not really much has actually happened
in the past two weeks beyond finding a new manager, two directorship
appointments and one resignation.
The Club remains financially
perilous, with rumours of insolvency creeping up and murmurs of a deadline next
month to get the bills paid.
perilous, with rumours of insolvency creeping up and murmurs of a deadline next
month to get the bills paid.
Then we have the further talk on
the wire that it will cost a substantial £27M to completely rid the Club of
Mike Ashley, freeing up shares for worthwhile investment and seizing the Club
merchandise rights back from him.
the wire that it will cost a substantial £27M to completely rid the Club of
Mike Ashley, freeing up shares for worthwhile investment and seizing the Club
merchandise rights back from him.
In essence, while the ‘bad guys’
are gone, the lack of progress in taking the company and Club forward
is slightly concerning.
are gone, the lack of progress in taking the company and Club forward
is slightly concerning.
We cannot really use ‘foot in the
door’ as an excuse as 14 days is still ample time to make some kind of obvious
progress.
door’ as an excuse as 14 days is still ample time to make some kind of obvious
progress.
Instead we still have Ally
McCoist as the world’s most expensive gardener and who utterly refuses to resign
outright, instead taking a cool £60,000+ out the Club every month.
McCoist as the world’s most expensive gardener and who utterly refuses to resign
outright, instead taking a cool £60,000+ out the Club every month.
While the winds of change can
often blow slowly, they appear little more than a breeze right now.
often blow slowly, they appear little more than a breeze right now.
King himself even already said on
the day he gained power that he would actually be quite happy to take the
second tranche of Sports Direct’s loan. When asked if he would pursue it, he
said:
the day he gained power that he would actually be quite happy to take the
second tranche of Sports Direct’s loan. When asked if he would pursue it, he
said:
“Wouldn’t be at all bad to find £5M already
in the coffers here.”
in the coffers here.”
It just feels, right now, like a
real lull in revolution. Rangers were supposed to have a new NOMAD, trading was
supposed to resume, and rich men were supposed to be investing or at least
declaring intent.
real lull in revolution. Rangers were supposed to have a new NOMAD, trading was
supposed to resume, and rich men were supposed to be investing or at least
declaring intent.
Thus far not a penny has gone
into Rangers under this new regime, and indeed more has gone out to pay off
McDowall.
into Rangers under this new regime, and indeed more has gone out to pay off
McDowall.
I have had word it is taking
‘time’ to sift through the wreckage, and that the new regime is unable to
communicate any of the details through corporate law forbidding them from doing so,
but the lack of transparency, forced or not, is slightly concerning.
‘time’ to sift through the wreckage, and that the new regime is unable to
communicate any of the details through corporate law forbidding them from doing so,
but the lack of transparency, forced or not, is slightly concerning.
The new regime will be cut far
more slack than the old was, but by this time next month Rangers fans will
demand to start seeing some progress, especially off the field, such is the
busted flush of this season.
more slack than the old was, but by this time next month Rangers fans will
demand to start seeing some progress, especially off the field, such is the
busted flush of this season.
I think we deserve it.