Dec 8, 2024, 2:00 AM
Dec 8, 2024, 2:00 AM

Gary Keown remains silent after nine years as a Rangers director

Subjective
Highlights
  • At the Rangers AGM, the financially troubled club reported losses of £17.2 million despite high revenue.
  • Douglas Park, the longest-serving board member, remained silent when questioned about the management's failures.
  • The lack of accountability from board members raises concerns about their ability to turn around the club's fortunes.
Story

In December 2024, Rangers Football Club faced significant scrutiny during its Annual General Meeting (AGM). As the club's financial troubles were laid bare before shareholders, including a £17.2 million loss despite generating £88.3 million in revenue, fans and analysts alike were looking to board members for clarity and accountability. Douglas Park, the longest-serving board member, was notably silent while interim chairman John Gilligan had to take center stage, attempting to deflect tough questions about the club's direction and performance. This silence raised serious questions about Park's contributions and the board's capability to steer the club back to success. During the AGM, audience members expressed their frustrations over management decisions and the on-field struggles that have relegated Rangers to a secondary spot behind Celtic. The lack of transparency about the club's financial strategy was alarming, especially in light of the fact that sales of key players yielded less than expected. Moreover, criticisms were directed toward the handling of infrastructural developments, such as the Copland Stand, which were reported to be delayed despite earlier reassurances that all was on track. As discussions continued, the absence of any meaningful insight from Park became glaringly evident. His reluctance to address the attendees signified a deeper malaise within the club's leadership. This has not only undermined confidence among fans but also put his position on the board under scrutiny. Stakeholders expect board members to actively engage in addressing concerns, particularly during an AGM when financial performance is questioned. The fallout from this AGM could have lasting implications for Rangers. With supporters demanding change, the pressure mounts on the board to develop a clear strategy and make accountable the individuals in charge. If governance continues in this manner, the club risks alienating its fan base and enduring further economic decline, leading them to possibly become perpetual underachievers in Scottish football.

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