Like you, I also have an audit background. As a result, I have seen a lot of companies, some very well run, some not so much and most somewhere in the middle.
With ambitions to own 25% of the club, this isn't a supporters club on steroids that we are talking about. We are now getting into real business and we need real governance and a proper corporate structure.
Even though I'm a member of C1872 - life member via the RST - I haven't really paid too much attention partly because I'm overseas and partly because, in the grand scheme of Rangers, they didn't matter too much. That, however, is about to change.
When you have 25% of the shares, then you want to have - must have - a seat on the board. So you need a clear strategic vision of what you want to achieve as a major shareholder and that vision must be shared by the membership. The idea that, somehow, a C1872 director on the Rangers Board is independent of C1872 is nonsense.
Then there is how the investment is structured. If I put in £5,000 (for example), I want that investment recognised in voting rights and I want to be sure that I don't get 'blocked', 'ignored' or 'expelled' from C1872 at some time in the future. I also want to know what happens when I pass on. Does my investment die with me? Does C1872 get to keep the cash and nothing for me kids? If I don't like what C1872 are doing, am I allowed to withdraw and get my investment back? Would C1872 have rights of pre-emption over my investment?
That's a lot of questions and just scratching the surface. It is why C1872 needs professional advisors for a transaction of this size and type so that the dot the 'i's and cross the 't's just right.