Rangers finances are fragile warns shareholder Sandy Easdale By Alasdair Lamont Senior football reporter, BBC Scotland One of Rangers major shareholders has admitted to BBC Scotland the financial situation at Ibrox is fragile. Rangers recent accounts were signed off for the next 12 months on the basis of an uplift in season ticket sales, but Sandy Easdale said indications were that sales were slow. He has urged loyal fans to show their support for the club regardless of who is in charge. Easdale warned that the club would not survive a second administration. The major shareholder, speaking exclusively to BBC Scotland, admitted that the situation was fragile. “ I would say that in 140 years, the clubs gone into administration once; I dont think it would survive a second one ” Sandy Easdale Rangers shareholder At the end of the day, the club is at a crossroads at the moment and a fragile position. It can either go forward with a strategic view, with a long-term view, steady as she goes, or be pulled apart in other directions. I dont actually know the figures (for season ticket renewals) but I think theres a couple of situations there; were a couple of weeks early. People are waiting for a report. Id say that, at this moment in time, ticket sales are what Id say are slow. Asked whether they would be in sufficient number in order to sustain Rangers in the short-term, Easdale said: Weve got all the numbers; me and Graham are confident and the boards quite confident that well meet those numbers. To answer the question, some of the fans will say when I answer it that, that its blackmail or were putting them into emotional blackmail. But I would say that, in 140 years, a lot of boards and directors came and went but theres only been one club. If youre loyal and you support the club, then come out and support the club. It doesnt matter whos running the club or who wants to run the club; the main thing is the loyal supporters need to come out, by a man, and stand by the club. Thats what the clubs been built on: loyalty. Rangers fans protest at Ibrox Rangers fans protest at Ibrox Asked whether supporters not renewing could run the risk of a second administration, Easdale replied: Thats a difficult question. And its a question that I dont want to need to answer or be in a position that this board would be forced into that situation. Again, I would say that in 140 years, the clubs gone into administration once; I don
Posted on: Thu, 24 Apr 2014 11:16:29 +0000
Trending Topics
Recently Viewed Topics
© 2015