UOF reply to Somers

[BEARGER 1,830]

"We note with interest the comments of David Somers in the press regarding the proposed sale and leaseback of Murray Park. We would question why it is Mr Somers, and not the CEO Graham Wallace, who is making this response on behalf of the board? The phrase "plausible deniability" springs to mind. Whilst the response of Mr Somers is a fascinating insight into his "mindset" we are more interested in unequivocal, legally binding statements from the PLC board. We note these are still not forthcoming for either Ibrox or Murray Park.

 

Mr Somers stated at the AGM that he was not against debt as long as it was 'cheap' debt. It was clear that his "mindset" at that time was that 'expensive' debt was not acceptable. Weeks later the board agreed to take extremely expensive debt from Laxey in a move which was only thwarted by fans. We are therefore not inclined to take too much heed of Mr Somers "mindset" at any given time.

 

However, since Mr Somers appears to be the designated spokesman for the board on this topic perhaps he can clarify some more specific matters:

 

Is Mr Somers denying that Mr Wallace and Mr Stockbridge discussed raising finance using the assets of the club as early as a few days after the AGM in December 2013, at which Mr Wallace stated the club had "enough cash for the near term"?

 

Is Mr Somers denying that this would have been done had the asset finance not fallen through?

 

Is Mr Somers denying that Mr Wallace and Mr Stockbridge specifically discussed raising finance using Murray Park?

 

Is Mr Somers denying that Mr Wallace and Mr Stockbridge discussed using board relationships to raise finance against the club's property assets including some of Mr SomersÂ’ own relationships?

 

Is Mr Somers denying that although this use of Murray Park to raise finance was not actioned at the time it was discussed that it could be used at a later date?

 

Perhaps Mr Somers feels that two Executive directors of the Rangers board discussing raising finance on Murray Park does not constitute "board discussions"? We would disagree and remind Mr Somers of his focus on board collective responsibility when he was defending Mr Stockbridge's appalling performance at the AGM.

 

Once again we would ask this board to stop engaging in half-truths, pedantry and wordplay and tell fans the truth."

[the gunslinger 3,366]

Please avoid using such terms.

Edited July 31, 2014 by Frankie

[pmu 0]

Can UOF confirm that the points raised in their questions to Somers are based on provable fact? If yes lay bare their sources and blow this outa the water!

[Tom Davison 0]

The UOF reply reads well. However, does anyone think that it will bring about a meaningful response? I don't.

[TheWee BlueDevil 0]

The UOF reply reads well. However, does anyone think that it will bring about a meaningful response? I don't.

Apathy and blind faith rule!!!

[TheWee BlueDevil 0]

Can UOF confirm that the points raised in their questions to Somers are based on provable fact? If yes lay bare their sources and blow this outa the water!

Perhaps you should expel some "wind" and blow yourself outta the bath?

[pmu 0]

Perhaps you should expel some "wind" and blow yourself outta the bath?

 

Wtf are you on about?

[der Berliner 3,744]

Noticed this over on FF too. People demanding to know the "truth" and you do at times wonder whether they will actually accept the truth even when it is being put in front of them. At this moment and time it seems not to matter what the CEO or Somers say, they simply "can't be trusted". Likewise people continue to demand things they won't get from this or any other board, if only because it is legally not plausible. And that in turn is used as another club by those fans. At the end of the day, only time will tell whether Wallace's and Somers' word can be trusted in respect of Ibrox and Auchenhowie.

[ian1964 10,723]

The fans do not trust this board,quite right,the board does nothing to address this and until it does the lack of trust will continue.

Ready to listen!,my arse

[Little General 80]

Noticed this over on FF too. People demanding to know the "truth" and you do at times wonder whether they will actually accept the truth even when it is being put in front of them. At this moment and time it seems not to matter what the CEO or Somers say, they simply "can't be trusted". Likewise people continue to demand things they won't get from this or any other board, if only because it is legally not plausible. And that in turn is used as another club by those fans. At the end of the day, only time will tell whether Wallace's and Somers' word can be trusted in respect of Ibrox and Auchenhowie.

 

Please explain why not?

 

You are like a man that's waiting on his house to be re-possessed and holding out to the last minute for a solution