Rangers Fans Flooding Back After Ashley Defeat


Dave King effectively took control of Rangers at last Friday’s EGM in London, when Derek Llambias and Barry Leach, two of Mike Ashley’s men were removed from the Board, and they resigned  in return for a year’s wages, but they are still theoretically in place as current Rangers Executives.

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Mike Ashley – fans flooding back after Ashley’s defeat on Friday

Sandy Easdale submitted his resignation before the EGM and news this morning from Ibrox is that Rangers have suspended Derek Llambias, Barry Leach and Sandy Easdale pending an investigation.

A Rangers club statement read as follows:

“Rangers Football Club announce today that Derek Llambias, Barry Leach and Sandy Easdale have been suspended from their duties pending an investigation.”

“It is also noted that Mr Llambias and Mr Leach, along with Sandy Easdale, have been advised that a resolution to remove them as directors of the company has been received by the company.”

“A meeting may be required for this purpose but it is hoped that this will not prove necessary.”   “Acting chairman Paul Murray, fellow directors Douglas Park and John Gilligan, and the club’s head of football administration Andrew Dickson have been appointed to the board of the company.’

While Mike Ashley’s men have left the Board,  Dave King will still have to work somehow with Ashley, and it will be both delicate and important as to how that relationship will work – for the good of Rangers FC.

While Ashley has lost significant control,  he still will be an important figure (if now a well liked figure) in the revival of the Scottish club – if only because of his loans to the club.

In order to introduce themselves to the Rangers staff Dave King and fellow Directors Paul Murray and John Gilligan called a staff meeting to introduce themselves to the staff.

They were surprised – the word astounded has been used in reports – as to how few staff were there,  and with the huge demand for tickets for their next two games, they are concerned about the ability of the club to deal with that demand.

But that’s the unfortunate reality of what happens when you are close to bankruptcy, and short of money to pay the players’ wages, which is why they had to get loans from Newcastle owner Mike Ashley in the first place.

But there have also been clear signs that with Ashley’s men out,  Rangers supporters are flooding back to support the club, who have lost ground in the Scottish Championship and are now 4th top and 23 points behind Hearts and 3 points behind Hibs.

Rangers have to finish in the top four to be part of the playoffs,  which is composed of the 2nd, 3rd and 4th teams in the Championships and the second bottom team in the Scottish Premier League.

Rangers play Queen of the South tonight in the league and it’s expected to be a huge crowd at the game, and Dave King has asked that the crowd be a full house.

And although five Newcastle players were loaned to Rangers for the rest of the season at the end of January, only attacking midfielder  Haris Vuckic and center-back Remie Streete have played for the club, and Remie played less than one half before he picked up an injury.

Winger Shane Ferguson, defensive midfielder Gael Bigirimana and defender Kevin Mbabu are injured,  and have yet to appear in the famous blue strips of the iconic Scottish football club.

If those four injured Newcastle players can get fit, they should be able to help Rangers get promoted this season.

If that doesn’t happen we assume new players will be brought in for next season to secure Rangers’ rightful place back in the Scottish Premier League and participating in Europe too.

Comments welcome.

Note: An avid reader of the blog Andrew Foley is participating in the Great North Run for a charity named Tommy’s, which is a charity that funds medical research into the causes of premature birth, stillbirth and miscarriage.
See if you can help Andrew reach his goal of £400 by donating on his just-giving page here.

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24 comments so far

  • optimistic prime

    Mar 10, 2015 at 1:17 PM

    Comment #2

    Is this really over?

    If Ashley wants them he’ll get them, it’s as simple as that.

    The door may have been slammed in his face but the fat slug has a foot firmly wedged in there.

    0
  • BandB

    Mar 10, 2015 at 1:19 PM

    Comment #3

    Yep…they might as well just pack before Ashley gets vexed with them….

    Is it any wonder he just walks all over us….Optimistic?

    0
  • John Tudor

    Mar 10, 2015 at 1:22 PM

    Comment #4

    if ashley goes we could have the biggest crowds in the first div thats what it could take
    we my even get wrestlers hot dogs and burgers back

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  • Lindisfarne

    Mar 10, 2015 at 1:22 PM

    Comment #5

    NUFC will likely be top of the table:

    http://www.themag.co.uk/2015/03/record-premier-league-profits-announced-come/

    Will the profit generated be used to pay off the debt, recruit coaching staff, recruit quality players or never be used/seen again?

    SHOW ME THE MONEY!!!

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  • John Tudor

    Mar 10, 2015 at 1:25 PM

    Comment #6

    ashley
    “what money”

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  • optimistic prime

    Mar 10, 2015 at 1:26 PM

    Comment #7

    BandB

    Not at all.

    Doesn’t help when he sticks former club legends on his payroll so they sing his tune.

    You can poke a really nice dog with a stick for quite a while but eventually it will attack, how much more until our lot turn?

    Will it ever happen?

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  • BandB

    Mar 10, 2015 at 1:29 PM

    Comment #8

    OP,

    What has been missing from the Ranger’s fan’s response to Ashley has been the hand-wringing and defeatism of a section of fans who constantly counsel that the man always gets his way.

    0
  • beermonkey

    Mar 10, 2015 at 1:30 PM

    Comment #9

    why are we late with the accounts

    0
  • Rotonda heights

    Mar 10, 2015 at 1:31 PM

    Comment #10

    if only our 52000 did the same

    0
  • John Tudor

    Mar 10, 2015 at 1:32 PM

    Comment #11

    has jonny and fanny been employed to do the books

    0
  • Lindisfarne

    Mar 10, 2015 at 1:34 PM

    Comment #12

    MA will not have the ‘luxury’ of ruining the price of Rangers shares and then buying them all up and only a majority shareholder has the right to enforce a buyout.

    0
  • Lindisfarne

    Mar 10, 2015 at 1:44 PM

    Comment #13

    I was disappointed that MA did not ‘blow the doors off’ the SFA dual ownership issue, but I guess he forsaw that his ruinous plans would not have time to ferment before the club was rescued. Still he holds a pretty strong hand, but without the possibility of expanding his hold on the club, he is likely hoping for a pay off down the line. Plus all those returning supporters will be purchasing replica shirts.

    0
  • Lindisfarne

    Mar 10, 2015 at 1:47 PM

    Comment #14

    Mackems-v-Villa : I hope Timtactic smacks Poo poo Poyet.

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  • Lilongwe Geordie

    Mar 10, 2015 at 1:53 PM

    Comment #15

    It will be interesting to see what happens next up at Rangers. Ashley is meant to have two people on the board as part of his loan stipulations, could this be seen as in breach and allow him to take control of the strategic assets involved as collateral? Fair play to those involved in forcing the board out, it was and is though a hugely different situation to the one facing Newcastle fans with Ashley, so I’m not convinced direct comparisons can be drawn.

    Incidentally, was Dave King not part of the board that took Rangers into administration initially, along with Craig White? Seems an odd knight in shining armour for them, although it probably isn’t too dissimilar to fat Freddy riding in to save us….

    0
  • optimistic prime

    Mar 10, 2015 at 1:59 PM

    Comment #16

    Ashley may not be driving the Rangers bus but he is giving directions to the driver.

    They owe him 10mil, he has their merchandising nailed down, has the clubs assets as collateral. Ashley still controls Rangers destiny maybe not in name but everything else. King has to work with Ashley and knows it.

    Ashley may not own Rangers but they are being owned by him.

    0
  • BandB

    Mar 10, 2015 at 2:02 PM

    Comment #17

    OP

    Who on the board is he giving instructions to at the moment?

    0
  • John Tudor

    Mar 10, 2015 at 2:04 PM

    Comment #18

    bandb he will have bought into someone on the board we all know he is a conniving barsteward after all there are many willing to take the silver pieces from ashley

    0
  • Jeff from Benwell

    Mar 10, 2015 at 2:18 PM

    Comment #19

    Lilo
    Nice to have some non-hysterical or exaggerated comment about Ashley’s involvement with Rangers .
    Folk have looked , seen a Footy club and assumed it was another NUFC situation , when in fact the Rangers scenario has more in common with Ashley/SD’s dealings with other sports chains .

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  • optimistic prime

    Mar 10, 2015 at 2:40 PM

    Comment #20

    BandB

    Soon as Dave King took over he said he’d be able to work with Ashley.

    That alone says he has some say. He’ll have them legally tied in knots through his loans to the club. He may not be telling them what to do but he’s manipulated the situation to what he wants.

    All the fans complaints about Ashley where about his loans to the club being more benificial to Ashley than the club.
    All those loans went through, he has over 50% of their merchandising all their stuff is sold from his shops.

    They owe him but he gets 50% of everything they make, he’s got them in a strangle hold, they have to work to his restrictions. He already threatned not to pay second part of loan. How long until they pay him off and what restrictions has he placed on them?

    He may not be putting words in people’s mouths but he’s pulling the strings with or without being in the hot seat.

    Jeff is right this is like SD dealing with failing brands, he offers them a helping hand which usually ends in him swallowing them up.

    2016 he said he may sell us, is that around the time Rangers will be crippled and at his mercy?

    I honestly don’t have a clue whether he intends to buy them or not, I’m just saying his names not above the door but he’s still running the show.

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  • BandB

    Mar 10, 2015 at 2:40 PM

    Comment #21

    Lil,

    The collateral exists against the £10m loan. It exists only for the duration of the loan.
    The £5 million of the second loan that has been drawn down paid off the first loan. Llambias tried to draw down the second £5m, but the EGM intervened.
    Rangers do not owe Ashley as much as you believe.
    At the EGM a shareholders motion was passed voting Llambias and Leach off the board. They have declined to step down, but have been suspended today.
    Ashley has the right to nominate two new directors under the terms of the second loan. It is difficult to see how Ashley can argue the loan gives him the right to nominate two suspended directors. Again, the right to nominate directors is linked to the duration of the loan only.
    Either way, Ashley’s two directors would now be in a minority on the board and can no longer run Rangers in Ashley’s interest.
    Meanwhile, his merchandising rights have little value if Rangers fans refuse to buy it. And as they have shown, they are not like us. There is already an organised boycott of the merchandise.
    Ashley may have cards up his sleeve. And he will play dirty.
    Jeff was confidently predicting last week that the EGM would end with Ashley demanding King to produce his Nomad, after which he would be sent off with his tail between his legs.
    SD shares are down nearly a third on their high. SD has no finance director and it is hacking institutional investors off. His personal wealth is………
    I guess this is all part of his infallible plan?

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  • BandB

    Mar 10, 2015 at 2:41 PM

    Comment #22

    No OP,

    He really, really isn’t.

    0
  • sportsdirect

    Mar 10, 2015 at 6:17 PM

    Comment #23

    Accounts are not late. Pretty sure nufc ltd has AP ending 30 June. Therefore the company has 9 months and 1 day from the AP ending to submit final accounts for period ending June 14. That means 1 April 15 is deadline for final accounts.

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  • sportsdirect

    Mar 10, 2015 at 6:21 PM

    Comment #24

    Band B
    Oh yes he really does. As OP put it, he may not formally have his name above the door but he still has a tight grip on the future of GRFC fact.

    0

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