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Investigation begins into where £70m has gone at Rangers

7 years ago

New  director Douglas Park has made a commitment to find out where Rangers have spent more than £70m in the last four years, whilst playing in little more than Sunday morning leagues.

Criminal proceedings were taken against former owner Craig Whyte who four years ago took control after buying the Glasgow club from David Murray for a token £1.

Since then there have been any number of individuals with fingers in the pie, Mike Ashley becoming involved as part of a consortium with Charles Green as the figurehead. The Newcastle United owner hoovering up a number of very advantageous deals, including controlling the merchandising on very favourable terms, plus buying the naming rights to Ibrox for a £1.

Recently installed Douglas Park though, says that no stone will be left unturned to find out what has happened to Rangers when under the influence of ‘…people who should have never been allowed near Rangers’.

“If further shocks are lurking among the paper and electronic trails then so be it, they will have to be faced and dealt with appropriately.

“A new board is being put in place and it is our intention to begin immediately the process of repairing the considerable damage caused to this great club by people who should never have been allowed anywhere near Rangers.

For the benefit of individuals:

“This club has been badly neglected and it has been used for the benefit of individuals.

“It has been a struggle, but some things are worth fighting for and, now that Rangers are rid of the last of the previous board, we have every right to look forward with hope instead of wondering each day what other outrageous or destructive decisions might be taken.”

Forced change:

“The abuse of this club is at an end. Now it is about the future and I believe we can all lift our heads and look forward with optimism.

“We have forced change, we have altered the club’s course and we have given Rangers a real opportunity to flourish and grow strong again. So we should now discard this notion that we are victims because the truth is we have not been defeated.”

Rangers have a long way to go before they are out of the woods but it is hard not to feel parallels with our position as Newcastle fans, as well as envy that even if their club is still in a mess, at least they feel everybody is pulling together now and there is some trust with those running the club.

The biggest disgrace when it comes to Newcastle United under Mike Ashley, is the fact that it is all so unnecessary the way the club is sliding towards oblivion.

The massive TV money should be ensuring a healthy, progressive, ambitious club and yet we see clubs such as Swansea, Southampton and others ran with ambition, while those we should be trying to compete with such as Spurs, Liverpool and others, disappearing into the distance in an ever more distant trail of dust.

In the meantime minimal commercial deals being brought in and the rest of Ashley’s empire benefiting from using Newcastle United giving them free worldwide advertising.

We would all love to find out what has happened and is still happening at Newcastle United, but with Mike Ashley owning our club in its entirety, we aren’t in the fortunate position Rangers fans were, with a club that could still be prised from the grasp of the NUFC owner.


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