Annual General Meeting statement

RNS Number : 9636V

Rangers Int. Football Club PLC

19 December 2013

 



19 December 2013

Rangers International Football Club plc

("Rangers", "RIFC" or the "Company")

Annual General Meeting statement

At the Company's Annual General Meeting held today, Chief Executive Graham Wallace set out his vision to build a Successful and Sustainable Rangers of which future generations will be proud.

Mr Wallace noted the core values of the Club at the heart of a community whose fans have shown their unwavering loyalty and passion for the Club even when in its darkest hours.  He committed to manage and operate the business with integrity, professionalism and strong governance to protect, and to grow, shareholder value.

Mr Wallace will be wholly focussed on, and lead the Executive in, a strategy to:

§ Deliver financial sustainability through Professional leadership, Strong governance, effective management of our football player assets and focus on Youth Development.

§ Develop Best in Class Operational capability across all areas of the Club.

§ Connect effectively to our Local and Global Fan Base.

§ Provide a commitment to our people - building careers and management for the future.

§ Strengthen the Commitment to our Community - creating further opportunities through football.

§ Protect and cherish Ibrox and our other great facilities to maximise business impact and provide a stable base to operate from.

In the short term the strategic focus for the next 120 days will be to:

§ Complete a detailed Business Review looking at all areas of club operations and organisation, developing and implementing required actions

§ Re-engage with the wider Supporter Base to carry out a review of how club engagement with the various fans groups works, and to assess if there is a better way to capture the true democratic view of ALL fans

§ Re-energise and motivate the Staff - to ensure they are truly proud to be part of the Club.

§ Develop and implement a Football Player Asset Strategy to take in First team squad, Youth Development and Succession Planning.

§ Refocus our Commercial growth agenda to drive short term financial impacts in conjunction with finalising the club's brand positioning.

On the need for future financial investment, Mr Wallace stated "It is reasonable to assume that in order to take the club back to competing at the top levels domestically and in Europe that this will be the case. However, this funding will only be sought once we have completed a robust business planning process that will allow us to engage with shareholders and potential investors from the platform of a well thought out strategic plan."

-Ends-

For further information please contact:

Rangers International Football Club plc
David Somers Graham Wallace Brian Stockbridge	Tel: [phone]
Daniel Stewart & Company plc	Tel: [phone]
Paul Shackleton / James Thomas
Newgate Threadneedle	Tel: [phone]
Graham Herring / Roddy Watt / John Coles
Media House International Ltd	Tel: [phone]
Jack Irvine

 

END

 

 

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