Members of the FAB joined other fans at the latest Roundtable yesterday hosted by Chairman Andrew Cavanagh, Jim Gillespie, Fraser Thornton and Greig Mailer. A summary of the discussion is as follows: Andrew Cavenagh’s opening statement was around the start of the season being ‘cup half full and cup half empty’. Expressed significant frustration and disappointment at exiting Europe but that the previous 6 games had been more of what we expected. Nobody at the club is getting carried away and everyone is taking one game at a time. Wants to take the opportunity this season to fully focus on domestic success. Club expressed its disappointment at the decision of Dan Purdy to leave. He’s still working in the background as he works his notice period. Desire from the club to depersonalise the football department as no one person signs players, it’s a collective effort and collective responsibility. Don’t expect much activity in January unless something happens which means they need to go into the market. Focus for the club is on stability & continuity after a volatile first season and the summer. That includes on the pitch and off it and holding for incremental improvement in all areas rather than wholesale changes again. On ownership, Cavenagh outlined that the consortium that owns 51% of the club is led by him, but includes 25 investors, all of whom are known to him or Paraag Marathe. The main investors in the group are Cavenagh, Eugene Schneur, Andrew Clayton, Mark Taber - all of whom are Rangers board directors. The Executive Committee responsible for day to day decision making and running of the club is Cavenagh, Marathe, Gillespie & Thornton. A further share issue will be required later in the season. Cavenagh reiterated that there is a significant amount of capital available to the club, but that as investors who are ultimately looking for a return on investment, continually writing cheques makes that more difficult. Ticketing - digital tickets are coming. Currently working through this to have them launched ASAP - subject to consultation and testing. Also working with other clubs are reciprocal away ticket caps - but acknowledged the challenges for clubs that bring small crowds to Ibrox and we receive large away allocations at their grounds. A lot of work has gone in to the Castore relationship to improve commercially and offering for fans. But it’s clear that the club feel they can better maximise retail revenues at the expiry of that deal. Cavenagh repeated his statement from the shareholder meeting that he would not have signed the current deal in terms both commercially and legally. 1/2