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Q&A: Rangers cx Graham Wallace after the AGM dust settled

Rangers chief executive Graham Wallace spoke after he and his fellow directors retained their place on the board. Here are the questions and Wallace's answers:

Q: How surprised were you by the depth of bad feeling at the AGM today?

GW: "I was not surprised at all. If you look at what has happened to the club over the past three years, it is quite understandable that the supporters are really concerned about the stewardship of their club. There has been a lot of talk externally that the business was teetering on the edges of another administration, which is alarmist to the fans and quite rightly so. What I would say is that my professional track record, my background and experience in sport equips me very well for this job. But I need support and time to demonstrate what I can do and hopefully in time the fan base will realise what we are doing is in the best interests of the club and not for some personal agenda."

Q: You heard the fans' thoughts on finance director Brian Stockbridge today. Are you thinking of sacking him, or will he leave Rangers because as you must be aware, he is the sticking point for many of the fans?

GW: "Brian is the last man standing from the previous board, he seems to be the guy shouldering a lot of the blame, if that is the right word, for actions that were taken and debated as a board. And one of the requisitioners, Malcolm Murray, was chairman of the board part of that time. I understand there is a widespread source of criticism against Brian. What I would say that in the month that I have known him, his focus is on doing the right thing for the club. It would be grossly premature and inappropriate to be talking about dismissing anybody when I have been in the building less than a month. My style is to assess what we have got and what we need."

Q: It could be argued that there will be no trust in the current Rangers board until Brian Stockbridge has left the building. Again, you must be aware of this and as a chief executive, you have to do what is best for the company as a whole.

GW: "I am absolutely aware of the view of the fans and the shareholders. It was demonstrated today. I would ask the shareholders and supporters for their trust in me, to give me the time to assess what I have inherited. I have no hesitation and no difficulty in making difficult decisions but I think those decisions need to be made on the basis of my assessment of the facts rather than necessary somebody else's view."

Q: Can you guarantee the fans that no director will get bonuses for Rangers winning tournaments?

GW: "I think that is a difficult question to answer. If your question is an executive bonus related solely to the team winning a title, then I think that is completely inappropriate. What you need to look at it is at any executive's compensation in totality; whether there is a base salary, an incentive based on club performance and individual performance. It would seem strange to me that there would be compensation based solely on the performance of the football team."

Q: You said the costs were too high for a Premiership club, far less a team in the third tier. How do you resolve that?

GW: "I don't rule out a rigorous review of our football squad but it will be done in partnership with the manager. We have players on contracts coming to an end, we have players who perhaps don't feature as strongly in the managers plans, so we look at opportunities to make changes there. We have to continue to field a winning team, a team that plays attractive football and we have got to continue to allow the benefits of the youth academy to come through. It's about getting that balance. It has been incredibly difficult to engage properly with the right level of blue chip commercial partners because all they see is turmoil, boardroom unrest, lack of stability and unwillingness to have their brand associated with Rangers. So I see today as a defining moment in giving us that platform to move forward."

Q: Have you spoken to Ally McCoist and explained that his budget will be cut?

GW: "I have developed the semblance of a very good relationship with Alistair. We are in the process of looking at our footballing capability. We get 45,000 people turning up here every other Saturday, they come to watch a winning team but they come to watch a team playing good football. Part of my challenge with the manager is looking at the level of footballing resource that we need in the club in order to continue to play attractive, successful football but also to have it financially positioned for the division we are in now, our aspirations for the Championship next season and the Premiership after that. Looking at the cost base of the playing squad, it is way too high for what we have got in the current division."

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