SPFL: Gordon Smith backs Graham Wallace to bring stability to Rangers Last Updated: November 20, 2013 5:21pm 1 Smith: Wallace must put strategy in place at Ibrox Sky Bet Arbroath v Rangers Arbroath 11/1 Draw 6/1 Rangers 1/6 Football Betting Get a £5 free bet every week Former Rangers director of football Gordon Smith believes new Ibrox chief executive officer Graham Wallace will bring much-needed stability to the club. Rangers announced the 52-year-olds appointment to the Stock Exchange on Wednesday morning, just four weeks before the clubs eagerly-awaited annual general meeting. And despite the former Manchester City chief operating officer needing to be re-appointed at the AGM, Smith is convinced the timing of the move shows the intentions of the current board. Club chairman David Somers claimed Wallace was the outstanding candidate for the post and Smith is looking for the Dumfries-born businessman to turn around the fortunes of the club. Speaking to Sky Sports News, the former SFA chief executive said: He has a very good pedigree in sport and business which the club were looking for to make the transformational changes required. Top of his agenda will obviously be to put strategy in place whereby the club can be run on a proper financial basis. I think one of the big problems they have, and it is my understanding they continue to have, is that a lot of money came in from the share launch but that money has been heavily spent. The club now needs to be run on a basis, like any other business, that they are not going to get into any financial difficulty and require to go into the situation where they were in the last couple of years. Asked about the wisdom of appointing Wallace so close to a potentially explosive AGM, Smith claimed it will send a message to those questioning the desire of the current board to remain in charge post-December 19. If they had gone to the AGM next month some of the questions would have been what have you being doing to that extent?, you dont have a chief exececutive officer in place. They are bound to face some very strong questions. There are factions who really want to take over the club and we need to find out from that AGM who actually will have the majority of the share that will allow them to run the club going forward. So whether it will be the current people or new directors and owners, what they are trying to show now is they are already putting things in place. When it comes to the AGM they can say we have appointed a very, very strong chief executive. www1.skysports/football/news/11788/9033484/spfl-smith-backs-wallace-to-bring-stability-to-rangers
Posted on: Wed, 20 Nov 2013 18:43:29 +0000
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