Click to access 9106917097.pdf

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Despite our hopes that after the AGM we would see a big improvement in the way Rangers was being run, the club remains in crisis.

(Unrealistic expectations always lead to disappointment)
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We have had to take expensive short term loans just to keep paying bills. Mysterious shareholders at Blue Pitch and Margarita, still hold disproportionate influence through the Easdales and the board has refused to engage properly with Dave King who wants to provide funds to help the club.

(Dave King wants to provide funds all right, with other people’s money.)
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The squad and the club infrastructure needs urgent one-off investment.

(A one off investment? The IPO last year raised £22mill which was squandered in record time. A new injection of funds may result in more of the same)
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We can’t compete with Celtic on our return to the Premiership without building the club back up over the next year.

(Now we get to the crux of the matter. The hunger to compete with Celtic is a sure sign Rangers miss Celtic more than Celtic miss Rangers)