Rangers International Football Club PLC
The Chairman, Douglas Park, commented:
“The Annual Report and Accounts for Rangers International Football Club PLC can be viewed HERE.
"The financial year under review is unlike any other, no matter the business or walk of life. The impact of COVID-19 will have far reaching consequences for our economy and society. Rangers is not immune to the severe effects of this unprecedented challenge. This is a club which has experienced some of the darkest days that any football club can endure. This is a club which has repeatedly displayed remarkable resilience in the face of adversity and which will do so yet again.
"Amidst the current economic storm, the Rangers support has again stood tall. I am never more proud than when I see Rangers raise the bar. To, once more, sell out season tickets and corporate hospitality is quite astonishing, particularly when it was largely accepted that many games could be played behind closed doors.
"The signing of a new kit and retail partnership with Castore has proven highly successful. This was a significant moment in our recent history, and it was a privilege for me to open The Rangers Store at Ibrox in August. This is a long term, ambitious and innovative partnership which seeks to provide best in class merchandise to our deserving fans all around the world. In so doing, it will deliver the revenue stream befitting of the club.
"Although the season was curtailed early, it was disappointing to end without a trophy. Of course, silverware is the ultimate barometer of success at Rangers but I believe that there has been significant progress made under our Manager, Steven Gerrard and his team. Few now doubt that we are getting ever closer to the success that each and every one of us craves.
"Our hunger for domestic success is undiminished. We continue to invest heavily in the first-team squad with seven additions made during the summer. The reduction in the overall size of the squad was also important as we prioritised quality across all positions.
"COVID-19 has brought with it the severest of strains to all of our business and personal lives. As we can see from the plight of a number of clubs throughout Europe, football is facing some very serious challenges. Indeed, playing matches behind closed doors is likely to adversely impact the club by in excess of £10m in the current season. Yet I am confident in your Board and our employees to face these challenges with the backing of our magnificent loyal supporters.
"In closing, I would like to acknowledge the tireless work of each and every member of our board and staff at Rangers. Our club thrives due to our people who have demonstrated they are prepared to go above and beyond, time and again.”
Due to the impact of Covid 19 and the Government guidance on guidance on social distancing and prohibiting gatherings, and to protect our staff and shareholders, the Company’s 2020 AGM will require to be a closed meeting.
This is regrettable, as your Board value the opportunity to interact with shareholders. To allow some interaction, we shall be streaming the event on Tuesday 15 December 2020 from 12 noon and will be answering questions from shareholders. To ask a question, please send an email to the following email address: [email protected] Questions should be submitted by 11 December 2020.
The event is restricted to shareholders. Details of how to watch the stream on your laptop, phone or other mobile device will be sent out with the Notice of AGM.
The Notice Of AGM can be viewed HERE.
Shareholders will be sent a hard copy of the Notice along with their form of Proxy to allow them to vote at the AGM. Proxy forms should be completed appointing the Chairman as nominee and submitted by no later than 12 noon on 11 December 2020. The forms of Proxy are printed on the other side of a pre-paid card addressed to our share registrars who will receive and count the proxy votes.