Rangers' new board had all resolutions passed today at the club’s general meeting in Glasgow’s DoubleTree Hilton.
Shareholders, both new and old, voted in favour of the new investors' plans and backed their vision for the club’s future growth. The proposals received overwhelming support, with over 98 percent approval across all resolutions. Andrew Cavanagh and Paraag Marathe both addressed the support themselves at the event.
This grants the new Ibrox board the authority to issue £20 million in new shares and ensures the necessary framework is in place to support that investment and any future capital raises.
The club will also re-register as a private company, allowing it to operate with a more streamlined and agile governance structure. New Articles of Association were adopted to reflect this updated status.
The floor was then opened to questions from shareholders, many of whom are supporters with minor stakes in the club.
Several questions were respectable and worthwhile, ranging from the change in company registration to stadium and academy upgrades. Each was met with equally respectful and informative answers.
Colin from Rangers podcast Heart and Hand, as well as Rangers Review journalist Chris Jack, covered this section in detail on their respective X pages, offering a full run-down of the Q&A.
However, as is often the case, a few questions were frankly embarrassing. They exposed a lack of business understanding and left the club open to ridicule from outsiders.
We have long mocked the “moon howlers” in the Celtic support who ask nonsensical ‘Sevco’ questions at their AGMs, but unfortunately, we have a few on our own end who are just as bad.
Questions about the transfer budget or specific transfer targets were asked. A complete waste of time. Why would we ever publicly broadcast what we have to spend, or who our top targets are?
That information would only serve to inflate prices and give negotiating power to selling clubs and agents. It's amateur stuff, and it has no place in a serious business setting.
If this means offering to buy out some fan shareholders to streamline decision-making and ensure more informed voices at the table, then so be it.
Fan ownership is a vital long-term safeguard, but it must be regulated and professional. This is why the decline and misrepresentation from Club 1872 is so disappointing. A proper restructure and revaluation of the group is now essential.
These AGMs should be important fixtures on the calendar. They’re opportunities for questions of real substance, where time is limited and should be used wisely.
To waste that precious time asking about things like church walks at the stadium? Honestly, it’s laughable. It was a waste of time for everyone else in the room.
What this AGM made clear is that while the club is in a stronger financial position and under more competent stewardship than in years past, there is still work to be done in bringing the wider support, particularly the shareholder base, up to the level required for a club of our size and ambition.
The next few years will be pivotal. With significant capital now available, a new structure in place, and investor backing aligned behind a clear vision, there is real potential to modernise Rangers off the park just as much as on it.
But that only works if everyone pulls in the same direction; with purpose, with focus, and with a professionalism that reflects the badge we represent.