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Hagar the Horrible
Posted

From their own admission and not using hobonomics, simple arithmetic dictates this: they are losing ?14m in 13 months, so say ?13m per year...agreed. The monthly staff cost are published as being ?1.38m (?16.5m PA) sticking with round figures. Players salaries are at ?7m (quite small compared to turnover), Non playing essential staff are at ?3.5m, Management is at ?1.5m, which leaves ?4.5m to the spivs. Even if the spivs took nothing and they reduced the management salaries to 500k it would represent spending ?12m on total staff costs, it would still be an ?8m shortfall. TV money, cup runs and European money might just cover this, but the point I am making is that it cost more for them to maintain a big stadium than they are currently making from it. The stadium need serious investment to bring it back up to a standard. This is just not a viable investment IF you want to run a football club on the scale they are at. They need to downsize or look at serious rebranding to get a missive increase in sponsorship, but they have done a massive Harold Ratner! Who want to sponser a toxic brand. Your money would be safer in the Nigerian Lottery.

Rick Grimes
Posted

Have the blues gone Norwegian yet then?

Posted

A rich hun who's offered them a cheaper loan than Laxey. Will they (Laxey) allow them to take it & annul their own loan agreement with the tribute act though?

 

farin, apologies for asking what might be a silly question but what is the 'tribute act'?

 

Too many new terms in this fiasco to comprehend!

Posted

suqagyma.jpg

 

The day rangers died ..

 

 

Hmfc the team for me ...

 

Check Whyte and the other boy, both deeking to make sure he's signing it

Posted (edited)

farin, apologies for asking what might be a silly question but what is the 'tribute act'?

 

Too many new terms in this fiasco to comprehend!

 

Sevco, the current Rangers or The Rangers, The artist formerly as Rangers. Rangers were liquidated, thus like a phoenix from the ashes arose this tribute act, a new company who think they are the old company, and change this whenever is suits them.

 

Debt? We're Newco

Titles? We're Oldco

Punishment? We're Newco

History? We're Oldco

EBTs? We're Newco

Edited by RH1977
Posted

no admin today please just hold off till next season. (no fear of admin today anyway)

 

Thanks

Posted

I've read in a few places that the stadium itself needs a fair bit spent on it. What kind of things are needing done?

Posted

I've read in a few places that the stadium itself needs a fair bit spent on it. What kind of things are needing done?

 

Fumigation?

Posted

Sevco, the current Rangers or The Rangers, The artist formerly as Rangers. Rangers were liquidated, thus like a phoenix from the ashes arose this tribute act, a new company who think they are the old company, and change this whenever is suits them.

 

Debt? We're Newco

Titles? We're Oldco

Punishment? We're Newco

History? We're Oldco

EBTs? We're Newco

 

Ahh ok so it's more of a piss take from us rather a financial term!

sandylejambo
Posted

 

 

yes they have intimated this but I don't believe them.

I think this was more about securing a claim on an asset than the ?150k they were looking to make from the dwal

is it not the case that you have 14 days to cancel any contract that you sign?
Gigolo-Aunt
Posted

http://www.rangersfirst.org/

 

See Rangers fans are now attempting a fan ownership. Fair play to them.

 

Good news - the more fan owned clubs in football the better.

jamboinglasgow
Posted

Good news - the more fan owned clubs in football the better.

 

Yup, you would think most clubs will head down that route over the next decade. In hindsight, when it came to liquidation the ideal thing would be have been fan ownership in the newco. I guess they are in a position where FoH were early on, putting together a plan but needing to win over many sceptical fans.

Gigolo-Aunt
Posted

Yup, you would think most clubs will head down that route over the next decade. In hindsight, when it came to liquidation the ideal thing would be have been fan ownership in the newco. I guess they are in a position where FoH were early on, putting together a plan but needing to win over many sceptical fans.

 

Agreed.

Posted

 

 

Good news - the more fan owned clubs in football the better.

 

Anything that exposes and puts pressure on the spivs. Good luck to them.

Posted

is it not the case that you have 14 days to cancel any contract that you sign?

No
Posted

 

 

Yup, you would think most clubs will head down that route over the next decade. In hindsight, when it came to liquidation the ideal thing would be have been fan ownership in the newco. I guess they are in a position where FoH were early on, putting together a plan but needing to win over many sceptical fans.

 

Would fan ownership work with rangers? Can you see gloryhunters pouring money into a club that's not successful?

 

 

Posted

Would fan ownership work with rangers? Can you see gloryhunters pouring money into a club that's not successful?

 

It will be more difficult for them because they need to get hold of the shares. Going into administration won't really help (as it did in our case) because the shares will still be held by the current lot who will certainly not give them away. They will want their pound of flesh.

 

It may need to be liquidation II and yet another new start but where would Ibrox sit in that scenario? Whaurs the deeds?

Gigolo-Aunt
Posted

Would fan ownership work with rangers? Can you see gloryhunters pouring money into a club that's not successful?

 

Crowds seem healthy for a club dicking around in the lower divisions.

Posted

I still think that Celtic will trump a fan owned Rangers financially. I'm not sure Rangers will be able to compete with them year in year out. .

Posted

 

 

Not enough of them will sign up for it imo. With the overheads of running ibroke & Murray park never mind team wages etc what do you think they need to collect in subscriptions to make it viable ?. Never mind transfer cash to buy players ?. Their fans demand instant success & that costs big bucks.

 

Hearts can only manage it because our overheads are minuscule compared to them & we are don't have a neighbour like Celtic romping the league to annoy us with, we have hibs instead.

 

Only a massive take up in subscriptions & an awareness of living within their means I.e. Austerity would see it happening. Unfortunately austerity was tried with a 15% wage cut & the players knocked it back. Thanks to financial dopping with ebt's oldco's fans lived in a bubble. That's now burst & the calibre of player to win the spfl costs money, Murraypark has been a disaster in producing 1st team players for them.

 

 

Hmfc the team for me ...

 

If we can do it, Rangers can.

Posted

They really are a disaster! How much money do think it takes to go through the leagues? Lee McCulloch staying because he is loyal........aye right! No other team would pay him his monthly wage in a year!

Gigolo-Aunt
Posted

They really are a disaster! How much money do think it takes to go through the leagues? Lee McCulloch staying because he is loyal........aye right! No other team would pay him his monthly wage in a year!

 

Whilst nobody else is Scotland would pay him what he is on, I would wager that he could have left and made more money somewhere else.

Allowayjambo1874
Posted

If we can do it, Rangers can.

 

Yes they could but the expectation levels are at opposite ends of the scale. We 'expect' to be challenging for cups and maybe 3rd place eventually.

 

They even now expect CL participation/qualification and that needs serious money to be competitive. They are still living in the Laudrup, Van Bronkhurst, Gascoigne days. And that was from a conversation I had today with a ('sensible') sevco fan.

Posted

 

 

 

Whilst nobody else is Scotland would pay him what he is on, I would wager that he could have left and made more money somewhere else.

 

If that was the case he would have left in a heart beat, a player like him who probably needs a big pay day to set him up would have to move on if offered more money.

Gigolo-Aunt
Posted

Yes they could but the expectation levels are at opposite ends of the scale. We 'expect' to be challenging for cups and maybe 3rd place eventually.

 

They even now expect CL participation/qualification and that needs serious money to be competitive. They are still living in the Laudrup, Van Bronkhurst, Gascoigne days. And that was from a conversation I had today with a ('sensible') sevco fan.

 

I don't know any Rangers fans who think they should be bringing in quality of the players you mention.

 

Those days are long gone - for Celtic as well.

Posted

 

Whilst nobody else is Scotland would pay him what he is on, I would wager that he could have left and made more money somewhere else.

Not at his age he is 35 years old or something now.

Gigolo-Aunt
Posted

If that was the case he would have left in a heart beat, a player like him who probably needs a big pay day to set him up would have to move on if offered more money.

 

"Probably"

 

Have no idea on his finances but would be if he had not been a ###### with his money, he will be comfortable for the rest of his life.

 

He will have made a mint in his career - not all players chase money

Gigolo-Aunt
Posted

Not at his age he is 35 years old or something now.

 

I was talking 2 years ago.

Allowayjambo1874
Posted

I don't know any Rangers fans who think they should be bringing in quality of the players you mention.

 

Those days are long gone - for Celtic as well.

I know but they still think CL football is where they belong, meaning ???? for wages that fan owned club couldn't afford (for a long time!)

Gigolo-Aunt
Posted

I know but they still think CL football is where they belong, meaning ???? for wages that fan owned club couldn't afford (for a long time!)

 

Sound man.

Posted

 

 

I know but they still think CL football is where they belong, meaning ???? for wages that fan owned club couldn't afford (for a long time!)

 

Should have spent the money they needed to spend to get through each league, which if were honest wouldn't have been that much then when they got back to the SPL would have have had a substantial amount to mount an challenge. Only then should the CL (qualifiers) have been mentioned. Eyes bigger than their bellies!

niblick1874
Posted

The idea of that lot owning a football team :blah:

:yucky:

Posted

 

 

Crowds seem healthy for a club dicking around in the lower divisions.

 

Yeah a club that's not lost a league game this season. How many sell outs do you expect at ibrox next season if they loose a few games?

Gigolo-Aunt
Posted

Yeah a club that's not lost a league game this season. How many sell outs do you expect at ibrox next season if they loose a few games?

 

Loads?

Posted

The thing that has done for Rangers for years to come, is the SPL / SPFL now only having one CL spot, and that requires pre-qualification.

 

To get to that single CL qualification spot, Rangers will need to outplay Celtic for the league. To be able to outplay Celtic over a season, they need CL money to sign players.

 

Catch 22

 

Unless Celtic drop a massive bollock, which seems unlikely, Rangers are unlikely to catch them anytime in the foreseeable future.

 

Will Rangers support (impressively loyal to date tbf) hold up if they're continually playing second fiddle to Celtic..?

 

 

Posted

The thing that has done for Rangers for years to come, is the SPL / SPFL now only having one CL spot, and that requires pre-qualification.

 

To get to that single CL qualification spot, Rangers will need to outplay Celtic for the league. To be able to outplay Celtic over a season, they need CL money to sign players.

 

Catch 22

 

Unless Celtic drop a massive bollock, which seems unlikely, Rangers are unlikely to catch them anytime in the foreseeable future.

 

Will Rangers support (impressively loyal to date tbf) hold up if they're continually playing second fiddle to Celtic..?

 

Chortle

Posted

The thing that has done for Rangers for years to come, is the SPL / SPFL now only having one CL spot, and that requires pre-qualification.

 

To get to that single CL qualification spot, Rangers will need to outplay Celtic for the league. To be able to outplay Celtic over a season, they need CL money to sign players.

 

Catch 22

 

Unless Celtic drop a massive bollock, which seems unlikely, Rangers are unlikely to catch them anytime in the foreseeable future.

 

Will Rangers support (impressively loyal to date tbf) hold up if they're continually playing second fiddle to Celtic..?

 

if they get behind fan ownership and accept that will take time to work? that in doing so they adopt some sort of moral superiority while they wait?

 

unlikely I know

i wish jj was my dad
Posted

The thing that has done for Rangers for years to come, is the SPL / SPFL now only having one CL spot, and that requires pre-qualification.

 

To get to that single CL qualification spot, Rangers will need to outplay Celtic for the league. To be able to outplay Celtic over a season, they need CL money to sign players.

 

Catch 22

 

Unless Celtic drop a massive bollock, which seems unlikely, Rangers are unlikely to catch them anytime in the foreseeable future.

 

Will Rangers support (impressively loyal to date tbf) hold up if they're continually playing second fiddle to Celtic..?

 

History suggests that it won't. During the Fergie/Wee Jum years their average crowds weren't all that much bigger than what we get now.

 

I can't see them being any real threat to Celtic for the foreseeable future without some major re-structuring to the current set up.

Gigolo-Aunt
Posted

History suggests that it won't. During the Fergie/Wee Jum years their average crowds weren't all that much bigger than what we get now.

 

I can't see them being any real threat to Celtic for the foreseeable future without some major re-structuring to the current set up.

 

That was 30 years ago

 

:laugh:

Posted

It will be interesting to see what happens with their support next season if they struggle in the Championship.

By struggle I mean lose a few matches and face real competition for promotion.

Its possible they will be a lot weaker next term. Their crowds have held up well the last couple of years but I think that's because their fans believe they are only playing in the lower leagues because everyone's out to get them.

If for whatever reason they don't have the massive season ticket base will their more fickle fans still turn out to see them struggle at home to Dumbarton etc . I am not going to try and predict what will happen but it is new territory for them they have been so used to winning every week .

Posted

 

It will be interesting to see what happens with their support next season if they struggle in the Championship.

By struggle I mean lose a few matches and face real competition for promotion.

Its possible they will be a lot weaker next term. Their crowds have held up well the last couple of years but I think that's because their fans believe they are only playing in the lower leagues because everyone's out to get them.

If for whatever reason they don't have the massive season ticket base will their more fickle fans still turn out to see them struggle at home to Dumbarton etc . I am not going to try and predict what will happen but it is new territory for them they have been so used to winning every week .

If anything is going to keep them going to the games that will, the better the competition the more people will be interested that is a fact.
Posted

Fag packet math here, FOH will raise just over 1.5m a year from subscriptions, i think a fan owned The rangers would double that, If that 3m was spent purely on wages they could pay 6 players 10k a week without touching the normal income. That would have to put a bit of pressure on celtic.

 

Their big problem is finding the capital to buy the club, pure guess but ?20m+ to buy out spivs?

Guest Bilel Mohsni
Posted

 

 

Would fan ownership work with rangers? Can you see gloryhunters pouring money into a club that's not successful?

 

It would work very well, imo. They would only need half of their regular support to engage, for it to work.

 

Hopefully the Spivs flay them well before that though.

 

:mad:

niblick1874
Posted

That was 30 years ago

 

:laugh:

You are right. However this time, they will be up for protecting their way of life and it will be the hard core "minority"
Cardiac Rucksack
Posted

If that was the case he would have left in a heart beat, a player like him who probably needs a big pay day to set him up would have to move on if offered more money.

 

Lee Mcculloch is on 20k a week.

 

He doesnt require one last payday, believe me.

Posted

 

 

That was 30 years ago

 

:laugh:

 

Still relevant today

Football is far more expensive today in comparison than it was 30 years ago

History shows Rangers fans will do walking away when times get tough , I can still remember the swathes of empty coloured seats at Ibrox at that point in time

Gigolo-Aunt
Posted

You are right. However this time, they will be up for protecting their way of life and it will be the hard core "minority"

 

What are you on about?

 

 

Gigolo-Aunt
Posted

 

 

Still relevant today

Football is far more expensive today in comparison than it was 30 years ago

History shows Rangers fans will do walking away when times get tough , I can still remember the swathes of empty coloured seats at Ibrox at that point in time

 

You are living in the past.

 

The reality is for the best part of 25 years their support has turned out in huge numbers.

 

Keep clinging on to the days when The Human League were number 1 if it keeps you happy.

 

 

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