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Three Bears urge change in tactics Three Bears.


THE Three Bears have urged shareholders to use postal vote or proxy to oust the rattled Rangers board after launching a scathing attack on the under-fire regime's plans to stage next month's EGM in London.

George Letham, Douglas Park and George Taylor are desperate to ensure the crucial meeting goes ahead on March 4 after the Millennium Gloucester Hotel & Conference Centre withdrew from hosting it over fears of disruption.

Park, who owns Parks of Hamilton coach hire company, originally planned to lay on a fleet of buses for the 800-mile round trip but has now scrapped that idea with the investment group calling on shareholders and fans to vote by post.

Dave King, who called the EGM in a bid to boot out the board, described the decision to host the meeting in London as "simply outrageous" and the Three Bears insist it should be held in Glasgow with Ibrox perfectly adequate.

However, the board are looking for an alternative London venue and the Three Bears - owning a near 19 per cent stake in Rangers - released a hard-hitting statement in which they are asking shareholders to box clever. It reads: "We are urging all shareholders to vote at this meeting but believe strongly that the use of postal votes or proxies may now be the best way for shareholders to have their voices heard.

"Although some shareholders will no doubt still wish to attend the meeting in person, we are sure they will behave in a manner which allows the business of the meeting to be conducted as efficiently as possible despite any constraints imposed by the board due to the size and location of the venue."

And the trio of wealthy businessmen hit out at the board for sticking with London.

In the statement, they add: "The original decision to hold the GM in London at a venue capable of accommodating only 500 people demonstrates once again how little this board understands or cares about the club's thousands of fan shareholders.

"Having been told they cannot have their chosen venue, which was not fit for purpose, the board are seeking an alternative but still in London.

"The need to change venue could have been avoided had the directors considered the shareholders rather than themselves in the first place."


TRAV AVA EL CONCERNS Dave King and George Letham

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Title Annotation:Sport
Publication:Daily Record (Glasgow, Scotland)
Geographic Code:4EUUK
Date:Feb 11, 2015
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