Some more on Rangers.co.uk’s comments from Messrs Green and McCoist.
My comments are in bold.
ALLY McCOIST has revealed his delight that Rangers are paving the way for supporters to have a chance to invest in the club. Thousands of Gers followers lost their holding in the old company and McCoist is pleased supporters will now be able to take on a more formal association with their club again through future investment.
By buying shares in the company which owns, and which could sell, the club?
“It’s another massive step in the process,” he said. “We’ve come a long way in a short space of time and we’ve still a long way to go. Today is another step in the right direction though. It’s a big step for the club in the respect we can hopefully raise income for it to go forward which will be used to benefit the club and the supporters.
Ally is not the money man, is he? Is this confirmation that despite what Mr Green says re infrastructure investment, this is actually to pay running costs?
“I’m absolutely thrilled the supporters can invest. It gives them the opportunity to invest in their club. That is very, very important – I know how important that is to them to do that. One of the major positives will be that the income raised will be going back into the club and being a supporter myself, I know how important it is to invest in the club.
There was publicity suggesting Mr McCoist was now a shareholder too. Did he buy the shares or was he allotted them, or options, or what? And traditionally fans “invested” in their clubs by buying tickets, and a pie and bovril, and a programme – share investment has always been rare.
“We’ve all had our traditions throughout the 140 years of Rangers so far. Families have supported the club throughout in that time and they’ve taken a keen interest in its future.
“Of paramount importance is that the future of the club cannot be put in jeopardy again. Looking back, I don’t think some people realise how close we might have been to extinction.
How could the club have come close to extinction, Ally? After all, it was the company in financial trouble – the club pre-dated the company. I am confused.
“That would have affected hundreds of thousands of people. That’s how important the club is to so many of us. That, it goes without saying, must not be allowed to happen again. We must be strong and solid and the supporters must see that and have faith in it because everybody involved with the club had a very traumatic time this year.”
And perhaps those hundreds of thousands of people are going to be interested in buying shares?
He added: “There were dark days, of that there is no doubt. At the same time, you can never give up hope and you have to believe you can come out the other side. There were times when the light at the end of the tunnel seemed a little bit further away than we would have hoped.
“Thankfully, we’ve come out the other side even if there’s still a long way to go in the natural progression of the football club.
“There is absolutely no doubt that after some worrying times, we are in a far better place now than before.
A far better place – I suppose writing off £100 million plus of debt improves the situation.
“The big thing is that we keep moving forward now. We should never forget what has happened but we don’t want to look back as we want to get back to where we belong.”
Never forget, but don’t look back!
Bearing in mind Mr McCoist’s involvement in Rangers involved both the Murray and Whyte regimes, then looking back might be worthwhile in helping his new boss prove he is not the same as the old boss.
Posted by Paul McConville