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SBD Global/February 11, 2014/Franchises

Former Scottish League 1 Rangers Back Scheme To Return Power To Club Supporters

Former Scottish League 1 Rangers players Richard Gough and Alex Rae have become the "first two former Rangers players to back a scheme that could hand the club's supporters power at Ibrox," according to the HERALD SCOTLAND. Representatives of the club's support have been "invited to hear a presentation from Supporters Direct Scotland on how they could set about launching a bid for 'greater fan ownership.'" SDS has "already helped supporters of Dunfermline and Hearts successfully arrange deals to take control of their clubs and believe the Rangers faithful could be the next to grab a greater say in how their club is run." SDS will "discuss the vision at a meeting at the Louden Tavern, Ibrox," on Friday and have "already won the backing of nine-in-a-row captain Gough." SDS has "drawn up a blueprint that will see a Community Interest Company formed which will then collect monthly contributions from fans." It will be based "broadly on the same model which has put the Foundation of Hearts group in poll position to rescue the administration-hit Jambos" (HERALD SCOTLAND, 2/10). The SCOTSMAN reported Dave King, the "South Africa-based businessman linked with an investment in Rangers, has warned that the club’s funds are at a 'critical level.'" King said that he he has had "no contact with Rangers executives in the two months since he suggested that he would be prepared to put money into the club." King: "If a sensible business and financial plan has been completed then Rangers may have gone forward, but there has been no communication of this" (SCOTSMAN, 2/10).
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