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SBD Global/July 21, 2014/Franchises

Scottish Championship Rangers Fan Group Stages March Demanding Protection For Ibrox

Around 1,000 Scottish Championship side Rangers fans "staged a march to Ibrox to demand the stadium's future is protected by the board," according to Richard Wilson of the BBC. The demonstration was organized by the "supporters group, Sons of Struth, which has held several protests against directors in recent months." The group is "calling for the board to provide an undertaking that the ground will not be used as security against future borrowings." The board has admitted that "additional money will need to be raised." The "only assets that can be borrowed against are the training ground, Murray Park, or Ibrox." Club directors have previously said that they have "no intention of using Ibrox for security against any borrowings, but fans who protested at Ibrox want a more definitive assurance" (BBC, 7/19). In Glasgow, Scott McDermott reported former Rangers Chair Malcolm Murray on Saturday "broke his silence on the current Rangers board and accused them of failing the club's fans by not granting them security over Ibrox." He had not "spoken out since the AGM in December." Murray is "fully behind" Sons of Struth. He believes Rangers CEO Graham Wallace is "hamstrung due to a split at the top of the marble staircase." Murray said in a statement, "We have maintained a dignified silence to give Wallace a chance but he is being hamstrung by a board that is neither culturally or corporately equipped for the challenge at Gers" (DAILY RECORD, 7/20).
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