Club statement

Jjbscotty

Well-Known Member
RANGERS Football Club is delighted to announce that Douglas Park has been appointed as Interim Chairman of Rangers International Football Club PLC.

Furthermore, we can confirm the appointment of John Bennett as Deputy Chairman of RIFC.

Douglas Park has decades of experience as a successful businessman which is invaluable to Rangers, as we continue to work towards our 150th anniversary. We are indebted to Douglas’ financial backing and support with fans fondly recalling his part in the “Three Bears” takeover of 2015.

John Bennett joined the RIFC board in March 2015 as part of the regime change when he invested substantial funds in Rangers. His consistent investment in the club is set to continue, with further funding in the coming months.

Mr Bennett has over three decades of experience in investment management with a specialism in European companies.

RIFC is pleased to confirm that the funding plan announced at the recent AGM is well advanced, with significant investment already received and further commitments in place.

The elevation of Douglas Park and John Bennett is another significant step forward for Rangers FC and is a sign of intent by the club.

Mr Park highlighted, “It is a privilege to take on this position at the world’s most successful football club. We have experienced some difficult days but have emerged stronger than before.

“On behalf of the Board of Directors, I welcome the continued enthusiasm towards contributing to the future success of the company and club. We will make further public comment in due course.”

Furthermore, Deputy Chairman, John Bennett commented on the outgoing Chairman, “I want to place on record our sincere thanks to Dave King for the important contribution he made as Chairman of Rangers FC.”

In closing, Mr Park highlighted the current health crisis throughout the world, “I know what an institution Rangers is and what it means to our loyal fans. However, football is secondary at the moment. It is vital that we follow the advice of the government and medical experts to beat this virus.

“Please look after yourself and your loved ones. Thank you to the medical staff, and all key workers who are working tirelessly across the United Kingdom.”
 
Thank you Mr King. A Chairman that will be remembered akin to Mr Struth, the boss.

A man that saved The Rangers and for that he will be revered by us and future generations.

Good luck Douglas Park - I'm sure you will give your all to help us thrive. Remember... we will not find you wanting in the battle ahead.
 
He’s replied saying ‘hope that statement is correct’

That’s his level of desperation
I was going to say something like, "You'd think the likes of English would show a wee bit of restraint right now" but I realise that is bollocks. They feed on the hope of things going wrong. See the Scot Nat thread for other example of their fucked up views.
 
This is the important bit:

RIFC is pleased to confirm that the funding plan announced at the recent AGM is well advanced, with significant investment already received and further commitments in place
What was the details of the funding plan announced at the AGM?

Am i right in saying thats the share issue?
 
Probably not a surprise. Expected official statement met with positive responses. The reality, we face a tough time ahead and this is not an announcement that looks like a step to the next level.
 
What was the details of the funding plan announced at the AGM?

Am i right in saying thats the share issue?

This is a newspaper report from the time of the AGM:

During his statement to shareholders, King revealed that the club will issue new shares to meet the shortfall of around £10m.

He said: "Since year-end myself and my co-investors have made further substantial funds available to the club to meet our present commitments arising from the summer transfer window.

"Furthermore, the funding sub-committee of the board, comprising John Bennett, Julian Wolhardt and George Taylor as an external advisor, are working on the final funding requirement to meet the run-off of our present committed shortfall.

"This will incorporate our expectations for the January transfer window
.

"This funding initiative will follow approval today of the resolution to issue new shares which I am certain will be adopted
 
With respect, at this unprecedented time, what the fu.ck did you expect big yin??

As I said it wasn't a surprise. We are where we are...it's a bit boring though to read through post after post saying great statement.

We have a CE I wouldn't trust to get three pounds of totties and a loaf....and a chairman who is in with the bricks and has overseen his son frankly set us back 2 seasons along with the CE I mentioned who is no more than a highly paid admin guy unless I can be pointed in the direction of something else.

I do believe we have learned some lessons and I do believe we might be progressing but if the virus never happened this would be a lot less palatable than is currently being stated.
 
I was going to say something like, "You'd think the likes of English would show a wee bit of restraint right now" but I realise that is bollocks. They feed on the hope of things going wrong. See the Scot Nat thread for other example of their fucked up views.
Yea they genuinely don’t give a f*ck, anything negative regarding us that is proven to be wrong or misrepresented is either buried completely or pathetic retractions/apologies hidden away somewhere, they know the damage is already done by then
 
This is a newspaper report from the time of the AGM:

During his statement to shareholders, King revealed that the club will issue new shares to meet the shortfall of around £10m.

He said: "Since year-end myself and my co-investors have made further substantial funds available to the club to meet our present commitments arising from the summer transfer window.

"Furthermore, the funding sub-committee of the board, comprising John Bennett, Julian Wolhardt and George Taylor as an external advisor, are working on the final funding requirement to meet the run-off of our present committed shortfall.

"This will incorporate our expectations for the January transfer window
.

"This funding initiative will follow approval today of the resolution to issue new shares which I am certain will be adopted
Thanks.
 
ZuJ6lOR.gif
 
All seems positive.
Can we now go back to laughing at Hertz, the sheep and HIVs without the usual wet blankets advising restraint?
:p:p:p
 
Good luck Mr Park !!! I hope your the most successful chairman in the history of our club & Thank you Dave King you legend !!!
 
He’s replied saying ‘hope that statement is correct’

That’s his level of desperation

To be fair.... I’m of the mind that I ‘hope that statement is correct’

Through the last decade (incl recent years) we’ve fumbled from one embarrassing contract/decision/statement, so naturally my guard is well and truly up.

The statement is pleasing to read but I’m not going to let me guard down any think we’re all hunky dory. I’ve no reason to doubt the truth of it other than having our fingers burnt in the past just making me constantly wary. Time will tell I guess.

That said...... Tom is a wänk! Pure and simple.
 
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