Following on Walter Smith's comments

This is a warning that we're in deeper shit than reported. If a takeover does not happen soon then player sales will happen.

Once those assets have been exhausted, Ibrox, Murray Park etc will be next. Its not just possible but very fucking likely that we'll be in a Leeds United type of position and could even start next season -10points if MIH go under while we're in their clutches.

I'll point it out again because our clubs position is widely misunderstood;

- We are an asset of Murray International Holdings, who owe around £700m to Lloyds.
- The club (or at least Murray's share) is valued at £31m.
- All money coming into Ibrox goes to servicing the debt of MIH.
- The bank want this full amount in order to service MIH's debt, otherwise they will use assets of Rangers FC to get some of their money.
- After they've exhausted all avenues of stripping MIH they will put them under, and as one of their assets we will go under with them.
- No takeover by the summer will mean sales of Steve Davis, Madjid Bougherra, Allan McGregor, Kenny Miller and Kevin Thomson. Boyd and Novo will be released.

The reason we have beef with Lloyds is because they are happy to accept offers of 60p to the £1 to release other companies but not for Rangers for the following reasons;

- Donald Muir is on commission on the sale of Rangers and blocked the £18m offer before it got to the bidding table.
In October Muir SACKED Martin Bain only to be forced to retract this. He has also sacked the groundsman and other staff.
- He has attempted to sack the management trio of Smith, McCoist and McDowall, and replace them with a weak manager that would follow the party line, rumoured to be Jimmy Calderwood.
- He has already tried to sell Steve Davis to Birmingham.
- He has demanded we start next season with a first team squad of 14. It is currently 19.
- He will further strip the club from within until satisfied then he will sell and pick up his commission. By that time we'll be the size of Dundee.

This mess might have been created by David Murray but right now, Donald Muir and Lloyds Banking Group are the enemy within.

There is a protest at noon on February 14th, outside the front doors of Ibrox. Please, show unity behind Walter Smith and force the bank's hand so that they'll come to a settlement with the consortium and we'll be out of MIH's dark clutches.