Next Game

Hearts v Rangers

Saturday, 02 May 2015, 12:15

Scots Champ

Ibrox Stadium

Last Game

Rangers 2 - 2 Falkirk

Saturday, 25 April 2015, 15:00

Scots Champ

Turmoil frustrates Smith

Former boss Walter Smith says Rangers will not be able to move forward until the bitter battle for control in the Ibrox boardroom is resolved.

Last Updated: 11/10/13 at 17:00 Post Comment

Walter Smith: Former Rangers manager has defended Ally McCoist's salary

Walter Smith: Former Rangers manager has defended Ally McCoist's salary

A group of shareholders are aiming to push through changes to the board at this month's annual general meeting, a move that has been blocked by current directors.

A petition has been raised at the Court of Session in Edinburgh to force a vote on the admission of new directors at the AGM on October 24 and a hearing is set to take place in the court on Monday.

Smith - who stepped down as chairman in August - said: "You get frustrated that nothing seems to be settling down. The club still has a fair amount of turmoil in the background.

"I don't think the club can really look forward until that's erased and they get back onto a more normal path for the football club.

"I don't think there is a great deal of turmoil in the current board.

"I think there is turmoil being created because a lot of people want to see a change in that board. I think that's the main crux of the problem at the moment.

"The football aspect of Rangers is going as you would expect it to go for a big club down in the lower divisions.

"They are back on track and they are playing some good football at the moment.

"But we still have this problem surrounding the board at the moment and I don't think the club can get back to being a settled club until that is settled.

"We have to get rid of the boardroom turmoil. The football side of things will look after itself."

Concerns were raised over Scottish League One side's finances last week when annual accounts revealed an operating loss of £14.4million for the 13-month period until the end of June.

A surprised Smith said: "I knew they would make a loss but I wasn't quite sure exactly what it would be.

"It was quite a surprise when it came out to be such a large figure.

"It used to be that it was the wages on the football side that used to be the major problem in the club's finances.

"That's been cut down fairly dramatically from when I was there."

The financial figures also revealed boss Ally McCoist's salary to be £825,000, although he has agreed to take a wage cut.

Smith said: "People have got to remember that the contract that Ally McCoist was offered and signed was when Rangers were in the SPL and had an opportunity to get into the Champions League.

"I don't think it was any of his doing that Rangers have ended up in the situation that they are in.

"They have adjusted to that now and Alistair has offered to take a cut. It's good of him to do that because he has put his career on the line."

Related News

Most Commented

Readers' Comments

I

t's why Mourinho is so successful. He gives players a specific, limited set of functions to perform. They are but a cog in a machine. Do no more, do no less. I assume he learnt it from LvG :)

red_devil83
Fellaini Has Politely Become Undroppable

I

really hope that someone in the mainstream media spots that the Bayern manager played for and managed Barcelona quite well, and thinks to mention it in the build up. That would be really interesting.

megabrow (cufc)
Barcelona to face Bayern

Y

our gob says one thing, Brendan, the results say something else.

balls-to-monty
Rodgers bullish over Anfield future

Footer 365

League Two round-up: Tranmere and Cheltenham relegated to Conference

Shrewsbury secured promotion to League One by beating Cheltenham, whose relegation fate was sealed along with Tranmere.

Man City 3-2 Aston Villa: Brad Guzan drops howler before Fernandinho strikes late as City go second

Fernandinho struck in the 89th minute to hand Manchester City a dramatic 3-2 victory over Aston Villa in the Premier League.

League One round-up: Preston forced to wait for promotion party

Preston took a huge step towards promotion with a 3-0 win over Swindon, but MK Dons kept up the pressure with a victory.

Mail Box

Chelsea Millions Should Buy Better...

For the money they have spent, Chelsea should be playing like the Harlem Globetrotters rather than Atletico. We have mails on Cesc, Brendan Rodgers and...

Brendan Rodgers Is David Cameron...

Rodgers is compared to the Prime Minister, insomuch as he has a right to peddle bulls**t, apparently. Plus why comparing Arsene Wenger to Diego Simeone is a mug's game...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company