Rangers 2008 Agm Report

Last updated : 19 October 2008 By Southside Johnny
Speaking at the club's AGM, Murray revealed that Glasgow City Council will tomorrow 'rubber-stamp' proposals passing ownership of land surrounding The Stadium to the club. This will allow investment in the Albion Car Park, the football pitches, and adjoining areas. Murray pointed out that the East End of the City had seen land handed over to Celtic Football Club in recent years, allowing the redevelopment - on a much lower budget - of Celtic Park and construction work to be undertaken in preparation for the 2014 Commonwealth Games.

Earlier, the formal business of the meeting had seen all motions passed, including the re-election of Directors Sir David Murray, Martin Bain and Paul Murray.

As always, the most interesting part of the meeting came in 'ANY OTHER COMPETENT BUSINESS' with a varied selection of questions from the floor.

Murray had to defend himself against an accusation that the fans showed more committment to the club than he did, stressing:

"I spend four/five hours a day on Rangers. My other businesses need me just as much as the club in these difficult financial times."

The Chairman responded to a question about the poor range of merchandise available in the JJB stores by effectively slaughtering the retail giants.
He was at pains to stress that financially it had been a good deal for the club, with £18m paid up front and a guaranteed annual fee of £3m - but JJB had not met their share of the bargain in respect of the sale of goods in the shops. Pointing out that the company's share price had collapsed, Murray added that the club had a 'Plan B' in mind should the stores close down.

The sales of Carlos Cuellar and Daniel Cousin were also defended, with the Chairman pointing out that the vast majority of Spanish players and their agents insist on a "sell-on" clause in their contracts and that a fee of Ten Million Euros had seemed a good one at the time from the club's point of view. As far as Cousin was concerned, it was pointed out that his contract was due to expire next summer.

The commercial and merchandising market in North America was put forward by one shareholder as an area that the club should explore further by playing more games there in the close season. Chief Executive Martin Bain emphasised that this was not an area the club had ignored. "We are aware of our fan-base there, but it may be that it is generational." Bain pointed out that Maurice Edu had recently featured on the front cover of 'SPORTS ILLUSTRATED', a prestigious North American publication.

Not surprisingly, the question of away match tickets and the club's decision to impose a 5% surcharge to other SPL clubs was raised. Bain pointed out that: "We sell £2.5m worth of tickets on behalf of other SPL clubs. These clubs do not recognise the economic benefits of the Rangers support. St. Mirren charged an extra £6 last Sunday."

Bain also emphasised that certain Rangers players were being offered security advice and protection following shameful public threats made by enemies of the club.

Murray was at pains to stress that in these hard economic times that the days of massive transfer spending was over.

"We must live within our means. We are not net spenders any more."

The Chairman had a veiled criticism of the support:

"The bile spewed out on web-sites by people who hide behind 'nom-de-plumes' does not do us any favours. People should have a good long look at themselves. However there has been a vast improvement in recent years."