Ibrox View: Three talking points from the Rangers AGM
We were expecting drama today – we always do – but what we actually got from Dave King on Tuesday was more than we were expecting.
Here are the three main talking points from the Rangers AGM.
Thanks, Dave King
He’s the man who rescued Rangers and he got teary when he announced he would be stepping down in early 2020, saying the club no longer needed him. For Rangers fans everywhere, he’s a man we will be eternally grateful for. He stepped in when no one else would and he’s steered the club back to the top of the Premiership. There’s still a long way to go and some mistakes were made along the way, but few would have predicted we’d be where we are now and with a manager like Steven Gerrard at the helm. There’s no word of a succession plan yet but one name that’s been mentioned a lot is that of Julian Wolhardt.
£100m Rangers squad
Rangers finally have a team that can compete at the top in Scotland and the squad has real strength in depth. King asked new sporting director Ross Wilson to put a value on the squad and said in his statement to the AGM, “The present value of the squad reflects a significant uplift of £55 million pounds over our book value and the projected amount would yield an uplift of £103 million pounds if it eventuates.” Talking to RTV after the AGM, King made it clear this didn’t mean star players were being lined up to be sold – and certainly not Morelos in January. King said, “I see no chance of that… I’m certainly encouraging the manager not to sell him at any price. It’s more important for us to win the league title. So, if someone came along and offered even an obscene sum of money my suggestion to the manager would be not to take it. And the manager doesn’t want to sell him… It’s fair to say it will not happen.” It’s always good to hear that but it won’t stop the rumours about him going in January.
Ashley saga ongoing
Mike Ashley has been haunting Rangers almost as much as he has Newcastle, and the Sports Direct boss came in for some harsh words at the AGM. King said, “After believing that we had reached a good faith agreement with Sports Direct and Mike Ashley – which I reported on at the 2017 AGM – we continue to be bedeviled by Sports Direct’s ongoing legal assault to retain influence over our retail activities. I cannot go into the detail of this ongoing litigation save to say that, as before, we will continue to fight our corner to ensure that Sports Direct does not benefit from what I consider to be its ongoing bad faith in dealing with our Club.” King said that he would stay on the board of Rangers Retail Limited for “as long as it takes” for this problem to go away. Hopefully, that will be soon.
In other Rangers news: Gers boost as Feyenoord hit with injury problems ahead of Europa clash