04 Feb 2014 13:43:19
I had to laugh when Graham Wallace was speaking about a 5 year plan. I bet you Wallace will not be there 5 month, Wallace will jump ship nothing surer, the longer he stays the more his name will be tarnished,

1.) 04 Feb 2014
04 Feb 2014 14:16:22
Would agree with you that Wallace is unlikely to be at Ibrox for any substantial length of time.

We're obviously in a financial hole and even gaining some extra income for the rental of Ibrox if the League Cup final was held there (and surely that has to be the case) and maybe a draw against a big name club in the next round of the Scottish Cup won't solve the crisis, it would only postpone administration mk2.

2.) 04 Feb 2014
I still think fans are missing the point, Rangers may have a short term cash problem but in the grand scheme of things it will not bankrupt a debt free business with assets. The shareholders will have to agree to a dilution to raise cash or the share price will collapse and DK will buy it for a song. Wallace is no fool he knows his position is clean, he can prescribe the bad medicine to the shareholders with impunity.
Wallace is in a strong position to turn this around, if he can get to next years extra SB income then the safe turnover of the top tier is only a season away. It is a little bit undignified to be scrambling about looking for 2 or 3 million to last this season out but this is no time for false pride, it is just business.

3.) 04 Feb 2014
Steerpike thank you a man who talks sense. One of two things will happen as Steerpike said above or James & Sandy sell McGills buses and pump their money in to Rangers. Ideally for fans both.

4.) 04 Feb 2014
Good post Steerpike, a bit of financial common sense although I do have concerns over the Man City figures, Wallace presided over the biggest financial loss for any club EVER and I know they spent massively to restructure the squad but if he was such a raging success why is he not still there or at another blue chip company? I don't think admin 2. 0 will happen as too many big financial management organizations are invested and they realize that if it happens for the sake of a few million investment to protect and grow their share all their equity in the company is dissolved come the inevitable fold and that would infuriate their shareholders whose money they used to buy it and cause a loss of confidence in the city market which they would not risk no matter if it is penny shares, we might have been a bargain but there is money to be made with the right business model and tapping into the global market, something that has never been fully exploited.

The Dave King thing rumbles on but for all the conjecture and whispers no-one really knows his position and why he is not onboard after the AGM ratified the board and our financial (mis)manager has exited stage left.

I'm on the forums daily trying to find any concrete information but nothing solid is getting through to the fans.

Time to step up Mr Wallace and start the process of simply informing your customer base of the developments as we know this site and others are monitored by the media team so WE KNOW that YOU KNOW how we feel and to have lifelong season book holders talking of boycotts and withholding funds from our team should have EVERYONE at corporate level looking to implement basic channels of communication.

Look what happened to Celtics board by not listening and where are they now?

Shame it's not a bit more sunny or Becks might have bought us, lol.

Charli3.