Rangers AGM - Minutes

[Frankie 8,693]

1. Question about SDM selling: He says not to anyone who would asset strip and they would need to have funds to take club on.

 

2. Was sale of retail division a mistake: no - bottom line profit and not too turnover important

 

3. Mad old lady asks if players will stay whole year: everyone laughs

 

4. Tommy Daniels asks about Scott Mcdonald transfer; Walter says enquiry made but they would not release at the time but was made available for transfer in the summer then Celtic came in

 

5. Gary Lynch called into question length of time for questions being cut year on year: SDM says they will stay as long as they need

 

6. Badge on shirt: why no name of Rangers - Bain says will look at for best one

 

7. Question about Murray to Norwich: best to let go to free up budget - SDM nips in to say 10m spent net backing Walter - Brown transfer would have screwdriver up wage structure

 

8. About agent involved with Boumsong and other deals: Murray says club is clean and paperwork in order - confident all dealings stand up to scrutiny

 

9. Questioner asks why as head of the Rangers family SDM does not defend his brothers and sisters: Murray says media advisers campaigns and legal fees mean cost of defending clubs reputation has cost 700k in last year

 

10. Bain just said he is going to SPL board this afternoon to defend club over ICT issue.

 

11. Murray just accepted principle of democratically elected director of the club and process in place in time for next AGM and club issuing consultation paper within the month

 

12. Punter asked if club ashamed of our identity with remove of the union flag from many areas: Murray denied absolutely

 

13: Increased capacity: Murray says plans in consultation to expand footprint of land around with development and capacity will come into that

 

14: Travel abroad: what guarantee of protection from foreign police - new security adviser praised for attitude; number in Belgrade city to ensure safety

 

15. Questioner wants club to strive to 20/20 vision always being in top 20 in Europe on and off the pitch: Murray talks down and says finances depend on being in champs league 3 out of + seasons otherwise problems - Murray calls for 'realism'

 

16: Policing and safety in Scotland questioned (Dundee Utd in particular): Bain says feedback taken note of and presented to clubs and authorities

 

17. Eddie brown from Springburn says brand not being exposed enough in USA and isn't not available: Bain says 10k kids in Rangers soccer camps in Toronto in recent years - SDMurray seemed to say better return on money promoting within UK

 

18. Betty aAuld from Troon asks last question - about u21 rule: Bain says various clubs not happy and is being discussed by sub committees

 

THE END

 

Lasted one hour.

[Super_Ally 0]

Sounds pretty good, but then that's SDM in his element isn't it?

 

LOL @ no. 3. :devil:

 

Could you explain point no. 2 to me, i'm a bit thick when it comes to the financial side of things. The club says it was not a mistake, but does that hold up to scrutiny?

[R.B. 0]

Frankie, is the AGM just a question and answer thing, i mean can you not re-question depending on thier answer to the initial question, especially on the pr question, what a terrible response to that question, is there a limit as to how much they are willing to spend defending the reputation of the club/fans?

How much do you think it cost septic to demand an apology from that Scotland Today presenter? Feck all, all it takes is to release a statement that is worded correctly.

[calscot 0]

With regards point 2, I presume there is concern that Celtic's turnover is now 75M compared to ours at 42M. About 15 million of the difference will be due to the costs of selling merchandise, while the profits for this are comparable.

 

It's the difference between spending 15M to make 20M or spending nothing but making 5M. In both cases you make a profit of 5M but the first one has the highest turnover. The second is far easier though and the income is guaranteed.

 

So it's obvious from this example, that profit is more important than turnover.

[Frankie 8,693]

Frankie, is the AGM just a question and answer thing, i mean can you not re-question depending on thier answer to the initial question, especially on the pr question, what a terrible response to that question, is there a limit as to how much they are willing to spend defending the reputation of the club/fans?

How much do you think it cost septic to demand an apology from that Scotland Today presenter? Feck all, all it takes is to release a statement that is worded correctly.

 

1. Supplementary questions are not allowed - a joke!

 

2. Agreed.

 

The answer to that question was not good enough IMO.