Finance Expert: Friction growing at Ibrox as negative Rangers PR continues
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Rangers...
Dan Plumley has insisted that there is friction growing in the Rangers boardroom yet again as Douglas Park continues to ruffle feathers at Ibrox.
The Finance Expert admitted it is yet more bad PR for the club after shareholders Club 1872 requested a meeting with the chairman to discuss matters at the club.
That appears to have fallen on deaf ears though, despite them holding a major share of 4.62% in the club with unwanted distractions maybe showing a “poor relationship” between board members.
“It’s just one of those from the outside looking in, it looks from a transparency point of view, that it’s quite a poor relationship there,” he exclusively told Ibrox News.
“We’re not saying that is the case, but if you look at that, the stake is only worth 4-5%, but that’s not the point, it’s still a stake. Again, what I would always argue is you just want that harmony as much as you can across all of the stake and shareholders, so even if you have minority holders, they should be being consulted and talked to as much as possible just to keep that relationship going.
“We know that the Rangers board is quite complex and is operated in many different ways over the past, so, we’re not as surprised now when we see these sorts of things, but I just think that you want all of your stakeholders on board and everyone is dancing to the same tune.
“It just means that all of this friction behind the scenes isn’t there and doesn’t get reported. From the outside looking in, it’s just more opportunity to generate some negative PR around the club that just becomes a sideshow and an unwanted distraction.”
In other Rangers news, this finance expert admits the Bears have numerous options on the table to generate more investment when needed