I note a more conciliatory tone taken by the Rangers board in its recent statement towards Mike Ashley.
Hopefully this comes from a realisation that poking a stick at Ashley is extremely dumb for a whole host of reasons. The new regime fought a dirty campaign to get their backsides on the boardroom seats and this included demonising the Sports Direct magnate. Given that Ashley is a major creditor who controls important assets, continuing to vilify him is of the utmost folly.
Whether he is willing to be placated now is up for debate but from a purely business point of view, Kingco, Parkco and MASH/SD need to get around a table.
Surely MASH would be a far more sensible source – and infinitely wealthier one – than asking RF and RST to empty the coffers…
I am hearing that Sports Direct want the loan money back pronto as they feel the conditions have been breached. If this is the case, then any injection into funds by the new regime will be eaten up by this loan repayment – perhaps much sooner than the board would like. It wouldn’t surprise me if Newcastle United followed suit and asked for the £500,000 promotion money to be ringfenced.
This £5.5 million would make a big hole in any injection of funds from whichever source.
In addition to this, my understanding is that Mike Ashley is preparing a strong legal case against certain key players in the new regime concerning their conduct in the recent tussle for control.
Perhaps this explains the new tone the board is taking towards Ashley and Sports Direct…
Sadly, the recent boardroom battles got very personal. This is not good for Rangers. The club is being torn apart because of certain egos at the centre of it all.
The question has to be asked: Why can’t the two sides work together?
As I said in a recent blog: Why does it have to be the so-called Real Rangers Men OR wealthy investors? Why can’t it be these Real Rangers Men AND wealthy investors?
The problem as I see it is that in their desperate desire to control Rangers, the new regime wants to flout every principle of business sense and freeze out anybody who is wealthier just so it is their hands on the till. Fair enough if they have the funds to back up their ambitions. Suicide and utter foolishness if they don’t.
The crux of the matter is what kind of club does the new board want Rangers to be? If it is a downsized version of its former self then they appear to be on track. But if their vision is Rangers as a big club and even bigger than before, then a red carpet needs to be unfurled down the marble staircase to welcome big beast investors.
Talks with Ashley are urgently needed. Whether or not he will listen to anything his usurpers have to say is yet to be seen…
Pundits are questioning why Manchester City have collapsed as a footballing force this season.
Tactics and formations have been questioned. The average age of the squad has been cited as a factor. The manager’s ability and suitability has come under scrutiny.
I can answer the Man City dilemma in one word:
When you are feted for playing devastating football and spoken of as being world class, it must be soul-destroying to play a team which does to you what you regularly do to others.
Man City rip teams apart and are miles ahead of most of their competition in England. Their players are treated as superstars and paid fortunes.
Imagine having all that adulation and praise only to discover that you might be the Barcelona of England but to the real Barcelona of Spain you are Accrington Stanley.
It’s a cruel game, indeed.