I have heard tonight from Andrew Parkes Group Managing Editor asking me to clarify the particular comments and he is currently investigating the complaint. Transpires they are party of the same group as the Times and the Guardian.
My response
Dear Andy,
I refer specifically to the content in the article
http://www.theargus.co.uk/sport/162...might_not_be_a_dream_move_for_Connor_Goldson/
And in particular to the comments of the author
"Would joining Rangers really be a progressive step for Goldson's career?
Rangers are unstable, their debts keep on mounting and appointing Gerrard is a gamble in their quest to close the gap on all-conquering neigbours Celtic. They are also the other big fish in an otherwise small pond."
As I explained in my prior email. Which I will even point out for you to save on time:
From Chairman Dave King's recent briefing to Journalists
http://www.heraldscotland.com/sport...g_says_share_issue_will_bring_in___6_million/
King claims the share issue will see loans converted to equity as well as bringing in fresh finance.
"There will be a balance between the conversion of loans versus raising of new cash," he said.
"At this stage there is nothing external other than existing shareholders and investors. We are not talking to anyone new, who is not there already.
"We haven't decided but at the moment I am thinking £6million new cash and the balance converted to loans."
However, Gerrard has not been given a precise figure for a transfer pot which will be available to himself and director of football Mark Allen.
"We have given the commitment that we will continue to invest in the squad and we will be a net investor," King said."We will provide additional net funds.
King gave a personal promise to increase his investment.
"I have to do that, I have already done that, in advance of next season," he said. "Because we continue to run at a deficit,
deliberately, we have to satisfy the licensing authorities, the SFA, UEFA, that you have sufficient funds to fund your deficit.
"So we have had to give cash guarantees in advance of next season. So whether we raised money in a rights issue or not,
we are in for the money, I am in for the money, I am underpinning the cash. The club is fully funded for next season."
So please explain how the Club being funded by loans from wealthy fan investors, and without security over assets, but instead for future share equity equals unstable?
Ibrox and the Training complex are worth 10's of millions in real estate which have deliberately been left out of any security, but will always be there to raise funds against should the Club ever reach an "unstable" state and require emergency funding. A clear indication Rangers are not even close to being unstable.
Roman Abramovic used a similar model to reshape Chelsea. The Rangers turmoil and skint Narrative is the one for those who fail to understand finance and business planning.
Therefore unless you wish to evidence that the aforementioned fan investors do not intent to continue funding any shortfall. I would ask you accept it was without foundation, is inaccurate and damaging to the Club. Therefore I request a retraction and removal of this aspect from the article online and shared on your social media.
Kind Regards
