Paying for Premier League standard players is seen as a necessary evil to try to ensure we get back there as quickly as possible. I haven't agreed with all of the signings we've made, but I understand the policy. It's a question of downsizing to become a mediocre club - and the boycotters back Dave King whose stance has always been that we should spend money to avoid this - or stripping everything right back and taking much longer to become a leading power again. in the case of some expenses it just wouldn't be feasible to cut them back much unless we shut down Murray park and moved out of Ibrox. Think that would go down well with UoF?
The manager is on nowhere near a million a year by the way - whether he's the right man for the job is questionable but I'm not arguing that point - and while I agree some of the initial directors were overpaid, none of them were on the board by the end of last season. Those paid off for large amounts were paid off because of the likes of UoF so they can't really complain about how much that cost. At the end of the day we're a listed company and a pretty big business, so managers and directors should be paid in line with that, not what division we're in. Listed companies are certainly meant to offer good wage and bonus packages to attract the best exec directors so I have no problems at all with what Wallace was on. There's been very little spent on the other directors on the board since the last AGM so it's not an area of overspend.
The thing is, the board were doing the right things, cutting costs and preparing plans to raise finance for the future to get us over the line and into the Premier League, at which point the extra revenue we could expect would be enough to put us on an even keel. There was no good reason for the boycott and it's merely made us less attractive to would-be investors, apart from Mike Ashley, who comes with a lot of distrust regarding his motives, and Dave King who has never shown any willingness to put any money in, but has instead become the 'Rangers man' hired to front another group of shady, nameless, City investors who just want to make a quick buck for themselves. Don't really see how either of those options is better than what we currently have, which is a group of shareholders who aren't taking any real money from the company as it stands and will only do so if they can bring the share price back up.
The manager is on nowhere near a million a year by the way - whether he's the right man for the job is questionable but I'm not arguing that point - and while I agree some of the initial directors were overpaid, none of them were on the board by the end of last season. Those paid off for large amounts were paid off because of the likes of UoF so they can't really complain about how much that cost. At the end of the day we're a listed company and a pretty big business, so managers and directors should be paid in line with that, not what division we're in. Listed companies are certainly meant to offer good wage and bonus packages to attract the best exec directors so I have no problems at all with what Wallace was on. There's been very little spent on the other directors on the board since the last AGM so it's not an area of overspend.
The thing is, the board were doing the right things, cutting costs and preparing plans to raise finance for the future to get us over the line and into the Premier League, at which point the extra revenue we could expect would be enough to put us on an even keel. There was no good reason for the boycott and it's merely made us less attractive to would-be investors, apart from Mike Ashley, who comes with a lot of distrust regarding his motives, and Dave King who has never shown any willingness to put any money in, but has instead become the 'Rangers man' hired to front another group of shady, nameless, City investors who just want to make a quick buck for themselves. Don't really see how either of those options is better than what we currently have, which is a group of shareholders who aren't taking any real money from the company as it stands and will only do so if they can bring the share price back up.