News
Honesty Reigns SupremO At Ibrox AGM
By Kierand 1981
The Scottish media is today staring at their walls in utter disbelief after events that transpired on Tuesday. The reason being that Rangers supremo Davey Murray has effectively rubbished the media acclaim that he is given on an almost daily basis.
Murray picked up the Scottish media's “Businessman of the Universe” award for the 133 rd year on a trot and did so with such dignity he appeared to pour scorn on possibly the last seventeen of these when addressing the Rangers shareholders at the Ibrox club's AGM. Murray's AGM comments bring what was once the Universe's most prestigious award into utter disrepute.
The first shock for the Rangers loyal (the media) came when Murray said, “ We made a small profit last year and that money was spent on new players, but I never offered Paul Le Guen a pot of gold.” The inconsolable Keith Jackson immediately appeared to question what happened to the masterful new finance deal struck with JJB.
Jackson apparently couldn't fathom the idea that it was a skillfully twisted PR stunt that the media fell for, hook, line and sinker. The unfortunate reality is that not only had Rangers merely accelerated their income stream, they actually needed to use it to clear their debt, as the £50 odd million from their rights issue did not quite equal the £70m debt that Rangers were faced with.
A source close to Chick Young said that at first he was fearful for his job after assuring Rangers fans earlier this summer that he had it on good authority that a major signing was in the pipeline and would be unveiled imminently. The “spectacular, sensational signing that will rock Scottish football” was NOT to be.
Darryl King appeared to comfort Chick Young and was heard, by a close friend, to say, “If that's all it takes to get us the sack, then we wouldn't have tabloid press, would we?”
Unfortunately for the Murray loyal, there was more to come. David Murray continued, “I am not prepared to take the club down the road to ruin, AGAIN”!
At that point a giant penny fell from the sky. Surely this did not mean that the Universe's greatest ever businessman had already gone down that road and almost “ruined” Rangers? His words not mine remember.
A stony silence was heard all around Kinning Park, which was lucky for Murray as he got off fairly lightly at question time.
The harsh reality is that Rangers debt last year stood at a staggering £70m and the spending spree for all intents and purposes started in 1988 when £6m was provided to fund the Souness era. By my reckoning that is seventeen years Murray took Rangers down the “road to ruin”. Yet this diabolical stewardship went unnoticed until Murray put his foot in it at yesterday's AGM.
Elsewhere, I noticed in Wednesday's Daily Ranger a report suggesting that managing Rangers was even more difficult than completing the Marathon De Sables. A suggestion that was first hypothesized on KTF many Rangers signing targets ago. Surely the media aren't stealing our articles?
Viva La Revolution indeed.
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