New Ibrox investor Kieran Prior wants to see the boardroom gutted and an end to the culture of bonuses.
Prior- who is believed to have an IQ off the radar- announced his intention to buy shares in the stricken club in Thursday’s Daily Record and now owns 1.2% of the club after splashing out £400,000.
Blue Pitch Holdings are still waiting to hear when an EGM will be held to elect Chris Morgan and James Easdale to the board with Prior also angling for a place in the Blue Room.
New chairman Walter Smith has expressed his desire to lead a unified board but the arrival of Prior through the Daily Record is likely to increase boardroom in-fighting.
“I’m still waiting on a copy of the full accounts but from the papers I’ve seen in the last 24 hours executive renumeration is approximately £1.5m,” he told his favourite paper.
“I have good faith those figures are real and I’ll stand by those quotes.
“I find it astonishing a club in the Third Division has paid that amount of money to members of staff, including Mr Stockbridge.
“As a former banker I know the basic salary of managing directors on trading desks range from £100,000-£300,000.
“That’s in London and at Goldman Sachs, one of the most profitable institutions in the world and yet I see Mr Stockbridge and Charles Green have taken similar salaries from Rangers.
“Although Mr Stockbridge is finance director he is a chartered accountant by academic standards.
“He is earning in excess of £200,000, which is overvaluing your FD – and when bonuses match your salary, that seems ludicrous.”
Prior added: “I can see the argument for a chief executive, but why the hell should a bonus be paid for winning the Third Division to the FD? It would seem exploitative in nature, at best.
“We’re in a unique position at Rangers where we can grow the club and a stockpile of wealth so when we reach the pinnacle of the Scottish game again there is an opportunity to go straight back where we belong – at the top, nowhere else.
“I’m afraid money is being dwindled away, given the figures being bandied about.”
The Third Division champions have yet to release any audited accounts- fuelling rumours that most of the money raised in the Christmas share issue has been eaten up by running costs including £1m plus to the first team management with the combined wages of Lee McCulloch and Neil Alexander costing around £30,000 per week.
Asked for his view on the new club’s financial performance Prior warned: “It’s very precarious and if we don’t take the right decisions, based on solid corporate governance, for the good faith of the fans and club then we’re going to struggle.
“No one wants a fractious club. The ideal scenario would be reconstituting the board and also getting a fan elected.”
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Despite being the most intelligent person in the world, claiming an IQ of 134, and references to being a financial whiz kid, evidence of Kieran’s incredible success story appears to have been removed from the internet.
For a new club how is their rightful place at the top of the SPL.
Another spiv want to jump on the gravy train.
The only punishment this new breed zombified club will recieve is us reminding them of their fatality.
Just for the record, Prior has an IQ of 243, and when you add his IQ to those of the other sevco directors, it gives a combined total of 244.
I’m a bit worried, actually. He sounds quite sensible. Let’s hope the rest of the directors do what they’re good at, and knife him in the back.
I love the reference to his IQ being “off the radar”……well done on that one….
Listen…As far as I’m concerned….The more people who come “on board”…..the better.
It’s going to take years ( which the Govan Club doesn’t have) to sort this mess out….
So the more guys who muddy the waters…the better.
Everyone involved in this toxic club ( including Sir Cardigan) wants to preserve their personal finances…first…last…. and always. That’s the bottom line….and if the Bears still don’t realise that….well what do you expect?
canny be that clever if he wants to buy in to sevco need to let him know that they are a new team with no vote in football for three years . needs to know old team were liquidised just like what you do to things in a blender . so let them get on with there in fighting and stabbing each other in the back x just watch out wee man they don’t steal your wheel chair and set fire to it x they have a reputation for burning things x hail hail gbnl x
A person with no emotional attachment to Rangers but has a unique knowledge of working in the financial business sector must only be there for one reason only, they see it as a chance to make money. We have seen already what that has done to their Club by other individuals. So based on where they are and the state of our game I can’t see how he plans to turn pennies into pounds, the only big money comes from TV or Europe. One thing that he does have is the arrogance that has never disappeared is by making statements that ‘we belong at the top and nowhere else’, gladly no one listened to that one a year ago.
He is another investor along the lines of Whyte, he has companies (some now ceased trading) ……but there are no traces of their trading , trading partners nor any accounts logged. Very strange.
A banker with the brass neck to preach about ‘solid corporate governance’. F*cking Priceless!
Ah the good old Daily record eh! Ever willing to drop it’s knickers to anyone that throws some cash in the direction of Ibrox. They continue to churn out cringeworthy fawning articles about anyone who throws Sevco a bone.
Even after the ‘billionaire’ who’s wealth was off the radar, the gruff and cunning Yorkshireman who conned the conman, they still haven’t learned their lesson, they now bring us the super-genius who will use his giant brain to bring peace and prosperity to Sevconia.
Maybe one day the Record hacks will finally remove their tongues from the Ibrox arse and do some real journalism by investigating all the stuff being released by the mysterious Charlotte Fakeover.
Now that really is a fantastical and nonsensical thought worthy of a place in a Daily Record exclusive!
oh here,s another one rolling in with his dodgy shopping trolley wheels, he thinks??? what will I say… yea that’s it, im a boyhood fan, I hate that fella craig whyte, I think wattie smith is the right man eh eh struggles for a minute oh yea and i’ll take rangers to the top where we belong, think he missed a trick there he should have added the champions league soundtrack blaring out at ibrokes, a shady banker indeed
another priceless piece of regurgitated crap from the Daily Arsewipe . 1st it was Traynor with his MBB and wealth off the radar and Coisty’s 20 MILLION war chest. then along came Jackson with his straight talking Yorkie who was a Top football turn around merchant who called a spade a spade as well as calling people of a different race racist names. now it’s Ralston … a Glasgow Rangers “Historian” who really hasn’t learn anything from history where his liquidated club is concerned, another spiv merchant to milk the Goat (s) dry. When will they ever learn that this club is DEAD!! and it’ll need a LOT MORE than spiv shysters to resurrect it ….. This club (Former) is no longer toxic….. it’s RADIOACTIVE!!!
Only in Scotland could they get away with this crap They will never get there heads out of the toilet never Hail Hail
IN KIERAN WE TRUST!
AFPMSL!
This guy is boring! We want Chuckles
He does sound quite brainy but the club still only have another 2 years max left to live
Let this be the first time anyone has ever killed the dead
HH