Hagar the Horrible Posted March 5, 2014 Posted March 5, 2014 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.
jambovambo Posted March 5, 2014 Posted March 5, 2014 http://www.telegraph.co.uk/news/1958285/Monty-Pythons-dead-parrot-did-exist.html
Samster Posted March 5, 2014 Posted March 5, 2014 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!
Feeno Posted March 5, 2014 Posted March 5, 2014 The day rangers died .. Hmfc the team for me ... Check Whyte and the other boy, both deeking to make sure he's signing it
ERJEAN51 Posted March 5, 2014 Posted March 5, 2014 (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 March 5, 2014 by RH1977
Jamboelite Posted March 5, 2014 Posted March 5, 2014 no admin today please just hold off till next season. (no fear of admin today anyway) Thanks
FWJ Posted March 5, 2014 Posted March 5, 2014 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?
Craig_ Posted March 5, 2014 Posted March 5, 2014 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?
Samster Posted March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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?
jamboinglasgow Posted March 5, 2014 Posted March 5, 2014 http://www.rangersfirst.org/ See Rangers fans are now attempting a fan ownership. Fair play to them.
Gigolo-Aunt Posted March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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.
Mikey1874 Posted March 5, 2014 Posted March 5, 2014 Good news - the more fan owned clubs in football the better. Anything that exposes and puts pressure on the spivs. Good luck to them.
inspector Posted March 5, 2014 Posted March 5, 2014 is it not the case that you have 14 days to cancel any contract that you sign? No
Heyzues Posted March 5, 2014 Posted March 5, 2014 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?
davieholt Posted March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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.
Brandt Posted March 5, 2014 Posted March 5, 2014 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. .
Hømme Posted March 5, 2014 Posted March 5, 2014 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.
roverbob22 Posted March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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.
roverbob22 Posted March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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.
vegas-voss Posted March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 Not at his age he is 35 years old or something now. I was talking 2 years ago.
Allowayjambo1874 Posted March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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.
roverbob22 Posted March 5, 2014 Posted March 5, 2014 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!
Heyzues Posted March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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?
The Gasman Posted March 5, 2014 Posted March 5, 2014 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..?
trotter Posted March 5, 2014 Posted March 5, 2014 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
Mikey1874 Posted March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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
luckydug Posted March 5, 2014 Posted March 5, 2014 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 .
rudi Posted March 5, 2014 Posted March 5, 2014 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.
Jambo_23 Posted March 5, 2014 Posted March 5, 2014 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 March 5, 2014 Posted March 5, 2014 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.
niblick1874 Posted March 6, 2014 Posted March 6, 2014 That was 30 years ago 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 March 6, 2014 Posted March 6, 2014 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.
jbee647 Posted March 6, 2014 Posted March 6, 2014 That was 30 years ago 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 March 6, 2014 Posted March 6, 2014 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 March 6, 2014 Posted March 6, 2014 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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