Monday, 16 November 2009

Rangers Trust to knock-back Dermot Desmond!

Maybe it was an attempt at some light humour but almost a month after the appointment of Lloyds TSB directors on the board at Rangers the Rangers Supporters Trust still have their thoughts trained on Celtic.
With around 130 fans reported to have turned up for the widely publicised Gers Pride meeting on Saturday there appears to be no fresh ideas or direction to help steer the club out of the clutches of the bankers.
The mythical Florida based billionaire hasn't surfaced with rumours once again turning around to the fabled Graeme Souness consortium.
In their current plight Rangers really can't be too fussy about who invests in the club but right on cue the RST know who they don't want involved in the club, even if they are unable to put together any sort of investment vehicle themselves.
"In terms of representing the Rangers support we'll work and talk with anyone short of Lucifer and Dermot Desmond," Stephen Smith of the RST told the Daily Record. "We'll meet anyone who has the best interest of Rangers at heart."
A month on from revelations about the club's financial plight there hasn't been any stampede of interest in Rangers.
The level of debt alongside the lack of borrowing available to even the biggest of big hitters has left Rangers vulnerable although it looks like the bankers will remain in control for the foreseeable future.
As he pours over his various international investments over the cornflakes at one of his worldwide holiday homes it's unlikely that Desmond will raise an eyebrow at the slight from Rangers.
It may be contradictory to highlight Rangers discussing Celtic people on a Celtic blog but the fortunes of both clubs will always impact on the other.
Rangers current plight is an incredible opportunity for Celtic where a modest investment could be rewarded very lucratively in terms of the balance sheet and football pitch.
As Rangers identify who they don't want to rescue their club from the financial abyss, hopefully Celtic are planning and building to ensure that if Rangers are rescued financially there is plenty of clear blue water between the clubs on the park.
Unfortunately, on the pitch at the moment, it's difficult to tell which club is in the better financial health.

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