Last Game

Motherwell 3 - 0 Rangers

Sunday, 31 May 2015, 15:00

Scots Prem PO Final Round Play-Offs

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

S

till reckon Chelsea will go for Khedira as back up for Matic. I think it will turn out to be quite a Mourihno-y window: We'll see the squad players and youth in action pre-season, say things like well, we need not buy anybody and then the club will bid £60m for Pogba and send everybody on loan.

tk421
F365's Transfer Guide - Part One

I

would love to be a fly on the wall at the meeting between Milner and Rodgers. I don't know if flies can count, but if they can then I would be counting the number of times Rodgers used the word outstanding in his attempts to get Milner to sign.

godzilla
Reds and Arsenal chase Milner

W

ell, it wouldn't be a summer without Arsenal fans fretting over losing a key player, and United throwing their weight around and muscling in on transfer deals which are (apparently) near to completion. If we can't be entertained by the football on the pitch, let's enjoy the silly off-pitch soap opera of the transfer season. Hurrah!

CamberleyGooner
The Back To It Gossip

Footer 365

Real Madrid are confident of landing David de Gea

Real Madrid are growing increasingly confident of signing Manchester United goalkeeper David de Gea.

Utd target Lloris denies release clause

Tottenham's Hugo Lloris has confirmed that there is no release clause in his contract amid rumours linking the goalkeeper with a move to Manchester United and PSG.

Kevin De Bruyne not for sale, insist Wolfsburg

DFB-Pokal winners Wolfsburg have insisted that Manchester City target Kevin de Bruyne is going nowhere this summer.

Mail Box

Calling Carlo For Liverpool... Please

One Liverpool Mailer wants a manager who isn't starstruck by the job. Plus why Milner has now become overrated, play-offs for the title, Ronaldinho and democracy..

James Milner: Jose's Perfect Player?

Probably. But presumably he would not swap one bench for another. We have mails on over-hyped players, Arsenal enthusiasm, UEFA, FIFA and naked dudes...

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