jamboinglasgow Posted January 27, 2014 Share Posted January 27, 2014 Rangers need to get to grips with the idea that they are not huge anymore, to get that big again requires a sugar daddy who will underwrite the third world sized debt that will be generated. They are deliberately heading for Admin v2.0 but what happens next, the fans should be getting ready for a fans buy out and learn to cut their cloth accordingly, but that wont appease the masses who still have Billy Big time mentality. Plus post admin 2 they will be renting Ibrox. but seriously I can see King taking over in version 3.0 putting in another ?20m and it will be just frittered away on big spending, big squad and overpaid journeymen...but ho hum. Its crazy. If Dave King was serious about investing, would he just give ?20m with no strings attached? Of course not, most likely to be in the form of a loan. A loan means it requires repayment, so say it was a 20 year loan, then Rangers would need to pay back ?1m a year (and thats only if it is interest free.) So for ?20m chucked in for now they would be tied down to reducing what they could do for the next 20 years, while not fixing leak of money, so they are a constant downward spiral. Then again it could be as an investor in the club where he owns so much of it, pays the ?20m but again without radical change it is just throwing money down the drain hoping that somehow it will allow them to be sustainable if they get into the champions league. Point being, there is no easy way out of this for Rangers. They are not going back to the old times and they are destroying their club trying to reach that at the moment. King is the one they cling to, but there is no easy way to this. Even now after asking players for a 15% wage reduction the press are still reporting big name signings. They will get back to the premiership, but it will take a long time to reach the level Celtic are at. How they managed to lose money, with 40,000 crowds in the fourth and third tier of Scottish football is crazy. Link to comment Share on other sites More sharing options...
blairdin Posted January 27, 2014 Share Posted January 27, 2014 How they managed to lose money, with 40,000 crowds in the fourth and third tier of Scottish football is crazy. This is what I can't get my head around. Shrewd signing on apappropriate wages and TTFKAR could have used the income from that fan base to get back to the top flight at a canter and have a decent war chest for when they got there. The fact they have completely fecked it up pleases me no end. Link to comment Share on other sites More sharing options...
blairdin Posted January 27, 2014 Share Posted January 27, 2014 (edited) DP Edited January 27, 2014 by blairdin Link to comment Share on other sites More sharing options...
Chamato Posted January 27, 2014 Share Posted January 27, 2014 What are the figures regarding Celtic, Rangers and Hearts annual turnover? Imagining we have the 3rd biggest turnover in Scotland. Also, what is the ratio of wages/turnover for these 3 clubs? Just out of curiosity. I'm also curious to know the average wages per week being paid to players by these 3 clubs. If anybody has the data on this. Link to comment Share on other sites More sharing options...
Mikey1874 Posted January 27, 2014 Share Posted January 27, 2014 Could go down to wire. Would it suit some people for them to be a day or hours away from administration like Celtic before Fergus McCann and then someone save the day and have all the power in return? Link to comment Share on other sites More sharing options...
Rick Grimes Posted January 27, 2014 Share Posted January 27, 2014 Could go down to wire. Would it suit some people for them to be a day or hours away from administration like Celtic before Fergus McCann and then someone save the day and have all the power in return? That's what was being implied in one of the comments below the Record story. Problem with that scenario is that if King really is planning to swoop in the the spivs know that so can keep their mitts on the stadium & other assets unless, and I think this is unlikely, King is willing to let them be fully liquidated and outside the leagues again with all the risks that entails. The fans would go absolutely nuts if he let that happen and then scooped them up but if he doesn't he has zero leverage. Link to comment Share on other sites More sharing options...
rudi Posted January 27, 2014 Share Posted January 27, 2014 What are the figures regarding Celtic, Rangers and Hearts annual turnover? Imagining we have the 3rd biggest turnover in Scotland. Also, what is the ratio of wages/turnover for these 3 clubs? Just out of curiosity. I'm also curious to know the average wages per week being paid to players by these 3 clubs. If anybody has the data on this. Rangers are at 30%, that has been publicised, which by all accounts is where it should be in an ideal world. Link to comment Share on other sites More sharing options...
Rick Grimes Posted January 27, 2014 Share Posted January 27, 2014 Rangers are at 30%, that has been publicised, which by all accounts is where it should be in an ideal world. Playing budget wages only. It was reported at 95% on this thread recently - even if the current board takes a big chunk of that there's still the wages for all the support staff & coaching staff to take account of which won't be small beer. Link to comment Share on other sites More sharing options...
jamboy1982 Posted January 27, 2014 Share Posted January 27, 2014 Rangers are at 30%, that has been publicised, which by all accounts is where it should be in an ideal world. Is this not just the first team squad? Not including non playing staff Link to comment Share on other sites More sharing options...
jamboinglasgow Posted January 27, 2014 Share Posted January 27, 2014 Rangers are at 30%, that has been publicised, which by all accounts is where it should be in an ideal world. But if you go back to FF post about this a few pages back, it is a misleading figure. Link to comment Share on other sites More sharing options...
rudi Posted January 27, 2014 Share Posted January 27, 2014 Is this not just the first team squad? Not including non playing staff Yes, just playing staff which is quite something if they are still flushing out ?1m a month, seems pretty poor for the CEO or what ever his title is asking the players to take a wage cut when they are only responsible for 30% of out goings. Link to comment Share on other sites More sharing options...
rudi Posted January 27, 2014 Share Posted January 27, 2014 But if you go back to FF post about this a few pages back, it is a misleading figure. In what way jig? Link to comment Share on other sites More sharing options...
Footballfirst Posted January 27, 2014 Share Posted January 27, 2014 (edited) In what way jig? Rangers chose to highlight the "first team" wage budget at 30%. That's fine as far as it goes, but they now have 55 professional players. How many of them are classed as first team players?. We hear wages to turnover ratios mentioned regularly, including Hearts having been in excess of 100% during the Vlad years. The accepted calculation for wages to turnover is the total wage costs within the club, including all players, management, coaching, back room, office staff, pension costs and NICs. In Rangers last accounts (13 months) the total wage figure was ?17.943M with a Turnover figure of ?19.107M for a ratio of 94% (the first team wages were put at ?7.8M and 43% in 2012/13) Comparable figures for Hearts, Rangers, Celtic for the last 5 years. 2013..... n/a...........94%...........47% 2012..... 95%.........n/a ............66% 2011..... 116%.......52%...........62% 2010..... 115%.......50%...........59% 2009..... 126%.......77%...........62% Rangers and Celtic ratios go up or down depending on whether they made the CL group stages or not. Edited January 27, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
Footballfirst Posted January 28, 2014 Share Posted January 28, 2014 It seems that Damille Investments II didn?t want to hang onto their investment for very long. Their holding has gone down from 2M to 859,521 shares. Was probably part of the tranche purchased by River and Mercantile last week. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11846527 Link to comment Share on other sites More sharing options...
I.T.K Posted January 28, 2014 Share Posted January 28, 2014 It seems that Damille Investments II didn?t want to hang onto their investment for very long. Their holding has gone down from 2M to 859,521 shares. Was probably part of the tranche purchased by River and Mercantile last week. http://www.londonsto...mentId=11846527 Just a few days to go and there has been no real transfer movements spoken about for Rangers. I'm interested to see what happens over the next 10 days regarding player sales, loan out's, and contract termination's. This will give a good indication if Wallace has a real plan to turn around the club and this should be reflected in a share price movement. Link to comment Share on other sites More sharing options...
Deevers Posted January 28, 2014 Share Posted January 28, 2014 Just a few days to go and there has been no real transfer movements spoken about for Rangers. I'm interested to see what happens over the next 10 days regarding player sales, loan out's, and contract termination's. This will give a good indication if Wallace has a real plan to turn around the club and this should be reflected in a share price movement. . Going to be interesting - it would appear that they must sell someone to keep their heads just above water. Link to comment Share on other sites More sharing options...
graygo Posted January 28, 2014 Share Posted January 28, 2014 But they're signing Stevenson. Link to comment Share on other sites More sharing options...
The Mighty Thor Posted January 28, 2014 Share Posted January 28, 2014 . Going to be interesting - it would appear that they must sell someone to keep their heads just above water. I don't think they can afford to disadvantage themselves by selling their stars. It's a tough league down there apparently, just the same as the SPL it appears. How can they be expected to compete on a level playing field with the teachers, bus drivers, bakers and firemen of League one? Link to comment Share on other sites More sharing options...
Deevers Posted January 28, 2014 Share Posted January 28, 2014 I don't think they can afford to disadvantage themselves by selling their stars. It's a tough league down there apparently, just the same as the SPL it appears. How can they be expected to compete on a level playing field with the teachers, bus drivers, bakers and firemen of League one? . I wonder if the vultures will circle them looking to pick up someone like Wallace on the cheap. Listen to the howls from the media if that happens! Link to comment Share on other sites More sharing options...
The Mighty Thor Posted January 28, 2014 Share Posted January 28, 2014 . I wonder if the vultures will circle them looking to pick up someone like Wallace on the cheap. Listen to the howls from the media if that happens! I'm fully expecting a full back page Keith Jackson exclusive ahead of their key league one clash against the giants of Brechin City, where 'want away' Ibrox star Lee Wallace issues a 'desperate come and get me plea' to clubs to 'end his Ibroke hell' With further commentary from Fat Salary complaining about the unfairness of unsettling players ahead of a key clash and the sheer audacity of clubs trying to steal his stars on the cheap. Link to comment Share on other sites More sharing options...
Skivingatwork Posted January 28, 2014 Share Posted January 28, 2014 I'm fully expecting a full back page Keith Jackson exclusive ahead of their key league one clash against the giants of Brechin City, where 'want away' Ibrox star Lee Wallace issues a 'desperate come and get me plea' to clubs to 'end his Ibroke hell' With further commentary from Fat Salary complaining about the unfairness of unsettling players ahead of a key clash and the sheer audacity of clubs trying to steal his stars on the cheap. The heartless 'The Rangers' board will be subsequently slammed in a following edition for throwing out an incredible ?50k offer and for standing in the way of a promising young laddies career. With guys like these in charge of our game no wonder the national team suffers... Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted January 29, 2014 Share Posted January 29, 2014 ?900,000 for Elbows Any manager paying that should be fired! Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted January 29, 2014 Share Posted January 29, 2014 Should have clicked the thumbnail Link to comment Share on other sites More sharing options...
tartofmidlothian Posted January 29, 2014 Share Posted January 29, 2014 Testing the water. Funny enough, I don't mind seeing Davies putting in insultingly low offers when they land at the other end of the M8... Link to comment Share on other sites More sharing options...
Floyd Posted January 29, 2014 Share Posted January 29, 2014 Should have clicked the thumbnail If it was elbows, the record would have called him "Jig" or some other pretend matey bullshit. Link to comment Share on other sites More sharing options...
Floyd Posted January 29, 2014 Share Posted January 29, 2014 Bid 1.4 Million & he's away. keeps newco rangers afloat for another month too.. The seethe from the hordes would be tremendous if he went.. Have heard on the grapevine through here, that ?1m to ?1.2m will be enough to see him go, but Forest will have to wait until Friday so that McCoist can save face by saying it was too good to turn down and they had no time left to sign a replacement. Time will tell though. Link to comment Share on other sites More sharing options...
DETTY29 Posted January 29, 2014 Share Posted January 29, 2014 Pro Rangers man offering over the odds for 3rd tier Scottish player. Now Forest may go up and will always be around Championship play off place, but what a mistake by Lee not to TUPE out. Link to comment Share on other sites More sharing options...
Juan Jose Carricondo Perez Posted January 29, 2014 Share Posted January 29, 2014 Pro Rangers man offering over the odds for 3rd tier Scottish player. Now Forest may go up and will always be around Championship play off place, but what a mistake by Lee not to TUPE out. Did he though? His girlfriend was pregnant at the time, on really good money, close to home, easy job. If I could do that in my profession it's a no brainer! Career prospect wise it's not harmed him a great deal either as he's still picked up international caps and is looking like moving to the championship now. Link to comment Share on other sites More sharing options...
Mysterion Posted January 29, 2014 Share Posted January 29, 2014 Career prospect wise it's not harmed him a great deal either as he's still picked up international caps and is looking like moving to the championship now. He gambled big time in terms of his career. I don't think it would come as any sort of surprise that Wallace was picked as a strategic move by the SFA so as not to isolate the knuckle draggers further. Despite being his own man I think even Strachan was able to to fit Wallace in to work around the media clamour for more "Rangers treated badly" stories. Link to comment Share on other sites More sharing options...
gazzajt Posted January 29, 2014 Share Posted January 29, 2014 When he goes are we in line for a cut of any transfer deal !!!! Link to comment Share on other sites More sharing options...
Jambof3tornado Posted January 29, 2014 Share Posted January 29, 2014 Looks like a wee fire sale to me!! Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted January 29, 2014 Share Posted January 29, 2014 The DR have stated that Rangers have turned down a bit for Lee Wallace, So I spoke to some Forest fans and they said they are unaware for that bid, And have been actively perusing Jack Hobbs and Graham Dorrans but Leicester look to be winning the race for the former and West Brom want to hold onto the latter. but have not heard anything about any bid for Lee Wallace. This stinks of creating a fake interest and putting a fake price to sell and push up the price Link to comment Share on other sites More sharing options...
scottish_chicP Posted January 29, 2014 Share Posted January 29, 2014 I genuinely thought that paper said ?14 million Link to comment Share on other sites More sharing options...
Armageddon Posted January 29, 2014 Share Posted January 29, 2014 Hahaha people must see through this! Remember the ?9M bid for Jelavic???!!! Absolute media lies, they refused that ?9M and ended up up taking ?5M Link to comment Share on other sites More sharing options...
Shanks Posted January 29, 2014 Share Posted January 29, 2014 Wallace will end up going for about 500k but everyone will have to pretend it was ?2million it's the rangers way Link to comment Share on other sites More sharing options...
jack D and coke Posted January 29, 2014 Share Posted January 29, 2014 I hope they get rodgered royal fashion for Wallace. Absolutely rodgered. Link to comment Share on other sites More sharing options...
Templeton Peck Posted January 29, 2014 Share Posted January 29, 2014 Pro Rangers man offering over the odds for 3rd tier Scottish player. If only Souness was still managing, the bid would have been in the millions Link to comment Share on other sites More sharing options...
Ron Swanson Posted January 29, 2014 Share Posted January 29, 2014 If only Souness was still managing, the bid would have been in the millions a la jean alain boumsong? Link to comment Share on other sites More sharing options...
graygo Posted January 29, 2014 Share Posted January 29, 2014 Looks like they were offered less than they paid Sally to get them out of the bottom league in Scottish football. "BBC Sport understands Forest's bids for the Scotland international, 26, were below the widely speculated ?900,000." http://www.bbc.co.uk/sport/0/football/25942572? Link to comment Share on other sites More sharing options...
lewis2006 Posted January 29, 2014 Share Posted January 29, 2014 How can the Huns possibly value him at any more than ?900K? He cost them ?1.5 a few years ago when he was playing at a higher level and was a Scotland regular. If anything his value will have halved. Mutants. Link to comment Share on other sites More sharing options...
davieholt Posted January 29, 2014 Share Posted January 29, 2014 I hope Forrest outstare them and Rangers are forced to back down and accept their offer cos they're skint. The karma ... Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted January 29, 2014 Share Posted January 29, 2014 Billy Davies will only deal in terms suitable to Billy Davies. <Insert Sally innuendo here> Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted January 29, 2014 Share Posted January 29, 2014 Billy Davies will only deal in terms suitable to Billy Davies. <Insert Sally innuendo here> And wont be drawn in by the assisted hype provided by the MSM in Scotland. in this case Sevco will blink first, Davis has other fish to fry. But the Nottingham Evening Post should go with a "Forest keen to end Wallace Ibrox hell", "Rangers Blocking Wallace Dream move" Link to comment Share on other sites More sharing options...
Walter Bishop Posted January 29, 2014 Share Posted January 29, 2014 A few rumours doing the rounds on Twitter that Sevco wont be able to pay next months wages, Also bid for Wallace around 400k.............. Coming to a supermarket near you............. Link to comment Share on other sites More sharing options...
7628mm Posted January 29, 2014 Share Posted January 29, 2014 I hope Forrest outstare them and Rangers are forced to back down and accept their offer cos they're skint. The karma ... I am stuck between a rock and a hard plce here. Sell Wallace for less than ?900K and laugh at Sevco being treated like a diddy Scottish club. or Sevco/Sally refuse to sell as they value him at much more with the result they then go breasts skywards. It really is a bit of a quandary Link to comment Share on other sites More sharing options...
Mysterion Posted January 29, 2014 Share Posted January 29, 2014 I am stuck between a rock and a hard plce here. Sell Wallace for less than ?900K and laugh at Sevco being treated like a diddy Scottish club. or Sevco/Sally refuse to sell as they value him at much more with the result they then go breasts skywards. It really is a bit of a quandary Which way works best where they can see out the season and go into admin and be deducted 25points from the start of next season? Link to comment Share on other sites More sharing options...
DETTY29 Posted January 29, 2014 Share Posted January 29, 2014 A few rumours doing the rounds on Twitter that Sevco wont be able to pay next months wages, Also bid for Wallace around 400k.............. Coming to a supermarket near you............. I'm quite sure this is a load of 2+2=5 however maybe. - Stockbridge has received his pay off already - The ?1m 'cash in bank' come April was based on either - A significant player sale or - The mystery ?2.5m lender coming up trumps. All the spivs have gone and I can't see them coming up with finance now or it was indeed a Dave King promisary note that has been withdrawn as there is no guarantee the SFA or FCA will approve any direct involvement with either club or company. Link to comment Share on other sites More sharing options...
DETTY29 Posted January 29, 2014 Share Posted January 29, 2014 (edited) A few rumours doing the rounds on Twitter that Sevco wont be able to pay next months wages, Also bid for Wallace around 400k.............. Coming to a supermarket near you............. It would appear the binman is doing a spot of moonlighting. Edited January 29, 2014 by DETTY29 Link to comment Share on other sites More sharing options...
Gorgiewave Posted January 29, 2014 Share Posted January 29, 2014 Billy Davies will only deal in terms suitable to Billy Davies. <Insert Sally innuendo here> Link to comment Share on other sites More sharing options...
DETTY29 Posted January 29, 2014 Share Posted January 29, 2014 Which way works best where they can see out the season and go into admin and be deducted 25points from the start of next season? Yep, They have the fan base to survive administration and even liquidation. I think they will aim for a managed and timed admin route to get all the high earners on longer contracts off their books and start again. They are probably still 10 points or so lacking to be sure that their kids could guarantee winning tier 3, so I don't think it's imminent. Problem they still and will always face is that to be as successful as their fans desire they need either the guarantee of CL football or write off investement every 2 to 3 years to compete with Celtic. Mind you, I think Celtic aren't that far off a similar model soon. Link to comment Share on other sites More sharing options...
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