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SBD Global/February 26, 2014/Franchises

Scottish Rangers CEO Graham Wallace Confident He Can Gain Trust Of Rangers Fans

Scottish League 1 Rangers "under-fire" CEO Graham Wallace on Monday insisted that "he can win the trust of the Rangers support despite a furious backlash" to the £1.5M ($2.5M) emergency funding he secured to "keep the club out of financial distress," according to Keith Jackson of the Scotland DAILY RECORD. Wallace "conceded the club's traumatised fans are still viewing him and his board with suspicion as a result of three years of carnage behind the scenes." Those supporters have now been "enraged by the terms of the deals with two key investors, Sandy Easdale and hedge fund firm Laxey Partners." Fans groups joined forces on Monday to "issue a statement condemning the decision to pay Laxey" a £150,000 ($250,425) fee for their £1M ($1.67M) loan (DAILY RECORD, 2/25).
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