johnking123 Posted March 29, 2020 Share Posted March 29, 2020 Of the radar wealth no doubt 🤣 Quote Link to comment Share on other sites More sharing options...
Paul Shark Posted March 29, 2020 Share Posted March 29, 2020 9 minutes ago, The Future's Maroon said: Seen something in the Daily Rag about another rich guy possibly wanting to takeover, mentions of £800m wealth? I smell a rat. So whoever the guy is, he's not as well off as Craig Whyte. Who had "immeasurably " wealthy when he took them over. What can go wrong ? 😂 Quote Link to comment Share on other sites More sharing options...
EC_Hearts Posted March 29, 2020 Share Posted March 29, 2020 Jim McColl of Clyde blowers fame where he made his fortune. You may recognise his name from the Ferguson Shipyard fiasco where, rumour has it, Jim didn't lose out financially. An economic Advisor to the Scottish government despite living in Monaco. Make no mistake this guy is wealthy however would be surprised if he would give any of it to the basket case at ibrox. More likely to offer his services as an advisor. Quote Link to comment Share on other sites More sharing options...
merrymac Posted March 29, 2020 Share Posted March 29, 2020 On 28/03/2020 at 17:44, DesertDawg said: Doesn't look like a happy boy about it all. Rangers appoint Douglas Park as interim chairman Used to have some business dealings with him. That is his standard look, over many years never saw him smile. Quote Link to comment Share on other sites More sharing options...
Mysterion Posted March 29, 2020 Share Posted March 29, 2020 1 hour ago, EC_Hearts said: Jim McColl of Clyde blowers fame where he made his fortune. You may recognise his name from the Ferguson Shipyard fiasco where, rumour has it, Jim didn't lose out financially. An economic Advisor to the Scottish government despite living in Monaco. Make no mistake this guy is wealthy however would be surprised if he would give any of it to the basket case at ibrox. More likely to offer his services as an advisor. I reckon McColl would buy into Rangers but not until there’s clarity on various contracts (Sports Direct etc) or they end up in another administration event. He’s an opportunist. Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted March 29, 2020 Share Posted March 29, 2020 38 minutes ago, Mysterion said: I reckon McColl would buy into Rangers but not until there’s clarity on various contracts (Sports Direct etc) or they end up in another administration event. He’s an opportunist. His name has come up on a regular basis in connection with TRFC, but he has always shied away from it. I think that it is another PR stunt to show TRFC fans that high net worth individuals are poised to invest in a loss making enterprise. Quote Link to comment Share on other sites More sharing options...
TyphoonJambo Posted March 30, 2020 Share Posted March 30, 2020 11 hours ago, merrymac said: Used to have some business dealings with him. That is his standard look, over many years never saw him smile. Cum face? Quote Link to comment Share on other sites More sharing options...
Deevers Posted March 30, 2020 Share Posted March 30, 2020 12 hours ago, EC_Hearts said: Jim McColl of Clyde blowers fame where he made his fortune. You may recognise his name from the Ferguson Shipyard fiasco where, rumour has it, Jim didn't lose out financially. An economic Advisor to the Scottish government despite living in Monaco. Make no mistake this guy is wealthy however would be surprised if he would give any of it to the basket case at ibrox. More likely to offer his services as an advisor. Spot on. McColl is no mug. If he has any interest at all in this basket case it would only be after they went into Administration allowing him to work with a clean slate. I wonder how close they actually are to that happening. Their financial position prior to this present situation was “interesting” to say the least. Quote Link to comment Share on other sites More sharing options...
Beast Boy Posted March 30, 2020 Share Posted March 30, 2020 12 hours ago, merrymac said: Used to have some business dealings with him. That is his standard look, over many years never saw him smile. Looks staunch. Quote Link to comment Share on other sites More sharing options...
Mysterion Posted March 30, 2020 Share Posted March 30, 2020 10 hours ago, Footballfirst said: His name has come up on a regular basis in connection with TRFC, but he has always shied away from it. I think that it is another PR stunt to show TRFC fans that high net worth individuals are poised to invest in a loss making enterprise. If the various issues were addressed and costs realised - he's the sort of character who would take it on for the ego trip like Dave King. The main difference is he'd work the system to get his money returned over a 10yr period whilst giving them stability and some financial prudence. I reckon he'd also be able to get other people to invest or sponsor. Quote Link to comment Share on other sites More sharing options...
OTT Posted March 30, 2020 Share Posted March 30, 2020 If this McCall guy was interested, surely it would have been in 2012 when they weren't pishing money. Surely nonsense written by Jabba. If they go bust and die then maybe mark 3 might interest him. Chucking money at the likes of Ian Black/ KK and the numerous others really ****ed them long term. Quote Link to comment Share on other sites More sharing options...
East Lothian Jambo Posted March 30, 2020 Share Posted March 30, 2020 12 hours ago, EC_Hearts said: Jim McColl of Clyde blowers fame where he made his fortune. You may recognise his name from the Ferguson Shipyard fiasco where, rumour has it, Jim didn't lose out financially. An economic Advisor to the Scottish government despite living in Monaco. Make no mistake this guy is wealthy however would be surprised if he would give any of it to the basket case at ibrox. More likely to offer his services as an advisor. And what a fiasco it is Quote Link to comment Share on other sites More sharing options...
bigsuperslim1874 Posted March 30, 2020 Share Posted March 30, 2020 39 minutes ago, OTT said: If this McCall guy was interested, surely it would have been in 2012 when they weren't pishing money. Surely nonsense written by Jabba. If they go bust and die then maybe mark 3 might interest him. Chucking money at the likes of Ian Black/ KK and the numerous others really ****ed them long term. Jabba is away Quote Link to comment Share on other sites More sharing options...
OTT Posted March 30, 2020 Share Posted March 30, 2020 22 minutes ago, bigsuperslim1874 said: Jabba is away Bollocks, they don't have the money to take out the doors. Quote Link to comment Share on other sites More sharing options...
bigsuperslim1874 Posted March 30, 2020 Share Posted March 30, 2020 16 minutes ago, OTT said: Bollocks, they don't have the money to take out the doors. Ha ha - seems they have some hardcore loyalist instead?!?! Mental. Quote Link to comment Share on other sites More sharing options...
Ex member of the SaS Posted March 30, 2020 Share Posted March 30, 2020 Mc Coll is no mug as has been pointed out. No way will he pish money away with this mob. He has been linked before but it has also been mentioned he will only take the assets. BUT he had the chance to do so and White and Green took it on, so I very much doubt he will do so this time. The ONLY thing keeping them afloat right now is the fact the courts are off and MA doesn't get his cash. Very shortly they have the Close Bros loan ( these leeches won't give them an inch ) and the football debts where they just might get a break, however if the clubs that are due are struggling they may well insist on being paid. The end of May is the big deadline I would think. If no sign of any football ( stated elsewhere there is no chance this year ) then they have no income. No shirt sponsor, no shop sales, no gate money and no corporate income. The media slagged us but at least we are doing something to mitigate the problem. They sit back and wait for a sugar daddy. Quote Link to comment Share on other sites More sharing options...
jamb0_1874 Posted March 30, 2020 Share Posted March 30, 2020 I get the impression Keith Jackson is fearing the worst with his latest record rant... Wash your hands and stay at home. It’s surely not too much to ask of us at this critical moment, when so many thousands of lives are at stake here in Scotland and across the globe. As this coronavirus pandemic shuts down life as we know it the unavoidable consequences and dire financial ramifications are only just beginning to hit home. It’s crystal clear now Scottish football will not be immune. Hearts have acted quickly to stem the bleeding by attempting to slash their wage bill by 50 per cent and although Ann Budge has been hammered for the brutal manner with which she has gone about it, the truth of the matter is more of our clubs, maybe even all of them, will be forced to take similar action before we’re close to kicking a ball around again. It stands to reason football players cannot expect to be paid in full indefinitely when there is no football for them to play. Without matchday income there is no business model at all and, as existing cash reserves dry up, the options will become much more grim. The noises of distress coming out of Aberdeen and Hibs over the last few days point to the general direction our game is now locked into. Down south, and particularly in the scatter cash environment of the Championship, the picture is even more bleak. During emergency talks last week it became clear a huge number of EFL clubs will be unable to cover April’s wage bill. Up here the richest club in the country is carefully examining its next step. Celtic may have around £30million sitting in the bank but with a wage bill nudging £60m they are also exposed to a cash burn like no other SPFL club. It doesn’t take a mathematician to do the sums. These monumental reserves would be wiped out by another six months of locked doors. Amid all this gathering carnage Dave King chose to take the government edict more literally than most. On Friday, King effectively washed his hands of Rangers while declaring his intention to go into isolation behind the walls of his Johannesburg mansion. In more normal circumstances his resignation as chairman wouldn’t have set alarm bells ringing. After all, King did say at the Ibrox club’s AGM back in November his time at the helm was nearing an end and he would most probably be gone before the end of March. In that respect he has been true to his word. But the world has changed immeasurably over these last few weeks and it seems likely also a huge chunk of the fresh investment on which Rangers had been banking when King first announced his exit timetable will also have been put on pause. Put it this way, over the last week Record Sport has twice reached out to potential new moneyman Stuart Gibson, attempting to ascertain if the COVID-19 crisis will have any impact on the timing of his investment or on the amount of cash he may be able or willing to pump in. On both occasions a source close to Gibson’s business empire in the Far East declined to answer, saying only that there is “no information on that right now”. With stocks and share prices tanking it’s no surprise Gibson’s people are being so vague. No one in their right mind would be ploughing millions into a football club which cannot play football for the foreseeable future, not unless that person happened to be a philanthropic billionaire with wealth off the radar. Gibson may well have given a commitment to follow through with his cash when the situation becomes more stable but there’s no way of knowing when that day might come. That’s why King’s decision to head for the hills should provide Rangers supporters with serious pause for thought. Understandably, these fans idolise King for all of his efforts to rescue their club from the mayhem that was unleashed upon it from the moment Craig Whyte’s pointy shoes first made it over the front door. The Rangers he leaves behind is unrecognisable in comparison to the basket case he took over. And yet King has chosen to cut and run at what is arguably a moment of even greater concern, insisting rather flimsily that he cannot continue to run the club from South Africa. That just doesn’t cut it from a man who has been doing exactly that since the day he took control. In fact King was social distancing himself from Rangers long before the rest of us even knew what it even meant. Only when this crisis is over will his true legacy become clear. It will be determined not by his previous deeds but by what happens next. To that end, Rangers owe a huge debt of gratitude to those King has left holding the fort. Until reinforcements arrive, men such as new interim chairman Douglas Park, deputy chairman John Bennett and other key investors Julian Wolhardt, George Letham, George Taylor and Barry Scott, will be left to dig deep in order to protect the club as well as safeguard their own investments. King campaigned for office on a ticket of enormous promises, adamant he was willing to burn through his children’s inheritance to save his club. Now that push has come to shove, those he leaves behind may have to shoulder that very burden. https://www.dailyrecord.co.uk/sport/football/football-news/dave-king-washed-hands-rangers-21776538 Quote Link to comment Share on other sites More sharing options...
Hearts007 Posted March 30, 2020 Share Posted March 30, 2020 1 hour ago, jamb0_1874 said: I get the impression Keith Jackson is fearing the worst with his latest record rant... Wash your hands and stay at home. It’s surely not too much to ask of us at this critical moment, when so many thousands of lives are at stake here in Scotland and across the globe. As this coronavirus pandemic shuts down life as we know it the unavoidable consequences and dire financial ramifications are only just beginning to hit home. It’s crystal clear now Scottish football will not be immune. Hearts have acted quickly to stem the bleeding by attempting to slash their wage bill by 50 per cent and although Ann Budge has been hammered for the brutal manner with which she has gone about it, the truth of the matter is more of our clubs, maybe even all of them, will be forced to take similar action before we’re close to kicking a ball around again. It stands to reason football players cannot expect to be paid in full indefinitely when there is no football for them to play. Without matchday income there is no business model at all and, as existing cash reserves dry up, the options will become much more grim. The noises of distress coming out of Aberdeen and Hibs over the last few days point to the general direction our game is now locked into. Down south, and particularly in the scatter cash environment of the Championship, the picture is even more bleak. During emergency talks last week it became clear a huge number of EFL clubs will be unable to cover April’s wage bill. Up here the richest club in the country is carefully examining its next step. Celtic may have around £30million sitting in the bank but with a wage bill nudging £60m they are also exposed to a cash burn like no other SPFL club. It doesn’t take a mathematician to do the sums. These monumental reserves would be wiped out by another six months of locked doors. Amid all this gathering carnage Dave King chose to take the government edict more literally than most. On Friday, King effectively washed his hands of Rangers while declaring his intention to go into isolation behind the walls of his Johannesburg mansion. In more normal circumstances his resignation as chairman wouldn’t have set alarm bells ringing. After all, King did say at the Ibrox club’s AGM back in November his time at the helm was nearing an end and he would most probably be gone before the end of March. In that respect he has been true to his word. But the world has changed immeasurably over these last few weeks and it seems likely also a huge chunk of the fresh investment on which Rangers had been banking when King first announced his exit timetable will also have been put on pause. Put it this way, over the last week Record Sport has twice reached out to potential new moneyman Stuart Gibson, attempting to ascertain if the COVID-19 crisis will have any impact on the timing of his investment or on the amount of cash he may be able or willing to pump in. On both occasions a source close to Gibson’s business empire in the Far East declined to answer, saying only that there is “no information on that right now”. With stocks and share prices tanking it’s no surprise Gibson’s people are being so vague. No one in their right mind would be ploughing millions into a football club which cannot play football for the foreseeable future, not unless that person happened to be a philanthropic billionaire with wealth off the radar. Gibson may well have given a commitment to follow through with his cash when the situation becomes more stable but there’s no way of knowing when that day might come. That’s why King’s decision to head for the hills should provide Rangers supporters with serious pause for thought. Understandably, these fans idolise King for all of his efforts to rescue their club from the mayhem that was unleashed upon it from the moment Craig Whyte’s pointy shoes first made it over the front door. The Rangers he leaves behind is unrecognisable in comparison to the basket case he took over. And yet King has chosen to cut and run at what is arguably a moment of even greater concern, insisting rather flimsily that he cannot continue to run the club from South Africa. That just doesn’t cut it from a man who has been doing exactly that since the day he took control. In fact King was social distancing himself from Rangers long before the rest of us even knew what it even meant. Only when this crisis is over will his true legacy become clear. It will be determined not by his previous deeds but by what happens next. To that end, Rangers owe a huge debt of gratitude to those King has left holding the fort. Until reinforcements arrive, men such as new interim chairman Douglas Park, deputy chairman John Bennett and other key investors Julian Wolhardt, George Letham, George Taylor and Barry Scott, will be left to dig deep in order to protect the club as well as safeguard their own investments. King campaigned for office on a ticket of enormous promises, adamant he was willing to burn through his children’s inheritance to save his club. Now that push has come to shove, those he leaves behind may have to shoulder that very burden. https://www.dailyrecord.co.uk/sport/football/football-news/dave-king-washed-hands-rangers-21776538 Bang and the money is gone 🙂 Quote Link to comment Share on other sites More sharing options...
Seymour M Hersh Posted March 30, 2020 Share Posted March 30, 2020 On 28/03/2020 at 18:31, Footballfirst said: Yes, it was David Syme (totally understandable) in 1989. He was fined £1,000 for his indiscretion. Certainly wouldn't get fined nowadays. More likely a not proven and let's move on here. Quote Link to comment Share on other sites More sharing options...
eyesandears Posted March 30, 2020 Share Posted March 30, 2020 1 hour ago, jamb0_1874 said: I get the impression Keith Jackson is fearing the worst with his latest record rant... Wash your hands and stay at home. It’s surely not too much to ask of us at this critical moment, when so many thousands of lives are at stake here in Scotland and across the globe. As this coronavirus pandemic shuts down life as we know it the unavoidable consequences and dire financial ramifications are only just beginning to hit home. It’s crystal clear now Scottish football will not be immune. Hearts have acted quickly to stem the bleeding by attempting to slash their wage bill by 50 per cent and although Ann Budge has been hammered for the brutal manner with which she has gone about it, the truth of the matter is more of our clubs, maybe even all of them, will be forced to take similar action before we’re close to kicking a ball around again. It stands to reason football players cannot expect to be paid in full indefinitely when there is no football for them to play. Without matchday income there is no business model at all and, as existing cash reserves dry up, the options will become much more grim. The noises of distress coming out of Aberdeen and Hibs over the last few days point to the general direction our game is now locked into. Down south, and particularly in the scatter cash environment of the Championship, the picture is even more bleak. During emergency talks last week it became clear a huge number of EFL clubs will be unable to cover April’s wage bill. Up here the richest club in the country is carefully examining its next step. Celtic may have around £30million sitting in the bank but with a wage bill nudging £60m they are also exposed to a cash burn like no other SPFL club. It doesn’t take a mathematician to do the sums. These monumental reserves would be wiped out by another six months of locked doors. Amid all this gathering carnage Dave King chose to take the government edict more literally than most. On Friday, King effectively washed his hands of Rangers while declaring his intention to go into isolation behind the walls of his Johannesburg mansion. In more normal circumstances his resignation as chairman wouldn’t have set alarm bells ringing. After all, King did say at the Ibrox club’s AGM back in November his time at the helm was nearing an end and he would most probably be gone before the end of March. In that respect he has been true to his word. But the world has changed immeasurably over these last few weeks and it seems likely also a huge chunk of the fresh investment on which Rangers had been banking when King first announced his exit timetable will also have been put on pause. Put it this way, over the last week Record Sport has twice reached out to potential new moneyman Stuart Gibson, attempting to ascertain if the COVID-19 crisis will have any impact on the timing of his investment or on the amount of cash he may be able or willing to pump in. On both occasions a source close to Gibson’s business empire in the Far East declined to answer, saying only that there is “no information on that right now”. With stocks and share prices tanking it’s no surprise Gibson’s people are being so vague. No one in their right mind would be ploughing millions into a football club which cannot play football for the foreseeable future, not unless that person happened to be a philanthropic billionaire with wealth off the radar. Gibson may well have given a commitment to follow through with his cash when the situation becomes more stable but there’s no way of knowing when that day might come. That’s why King’s decision to head for the hills should provide Rangers supporters with serious pause for thought. Understandably, these fans idolise King for all of his efforts to rescue their club from the mayhem that was unleashed upon it from the moment Craig Whyte’s pointy shoes first made it over the front door. The Rangers he leaves behind is unrecognisable in comparison to the basket case he took over. And yet King has chosen to cut and run at what is arguably a moment of even greater concern, insisting rather flimsily that he cannot continue to run the club from South Africa. That just doesn’t cut it from a man who has been doing exactly that since the day he took control. In fact King was social distancing himself from Rangers long before the rest of us even knew what it even meant. Only when this crisis is over will his true legacy become clear. It will be determined not by his previous deeds but by what happens next. To that end, Rangers owe a huge debt of gratitude to those King has left holding the fort. Until reinforcements arrive, men such as new interim chairman Douglas Park, deputy chairman John Bennett and other key investors Julian Wolhardt, George Letham, George Taylor and Barry Scott, will be left to dig deep in order to protect the club as well as safeguard their own investments. King campaigned for office on a ticket of enormous promises, adamant he was willing to burn through his children’s inheritance to save his club. Now that push has come to shove, those he leaves behind may have to shoulder that very burden. https://www.dailyrecord.co.uk/sport/football/football-news/dave-king-washed-hands-rangers-21776538 He'll perhaps feel a bit less shackled now King is gone and King's bulldog Jabba is also on the way out. Jackson will now have a freedom he hasn't had since his old boss at the Record (Jabba) joined Sevco. Quote Link to comment Share on other sites More sharing options...
alwaysthereinspirit Posted March 30, 2020 Share Posted March 30, 2020 1 hour ago, jamb0_1874 said: I get the impression Keith Jackson is fearing the worst with his latest record rant... Wash your hands and stay at home. It’s surely not too much to ask of us at this critical moment, when so many thousands of lives are at stake here in Scotland and across the globe. As this coronavirus pandemic shuts down life as we know it the unavoidable consequences and dire financial ramifications are only just beginning to hit home. It’s crystal clear now Scottish football will not be immune. Hearts have acted quickly to stem the bleeding by attempting to slash their wage bill by 50 per cent and although Ann Budge has been hammered for the brutal manner with which she has gone about it, the truth of the matter is more of our clubs, maybe even all of them, will be forced to take similar action before we’re close to kicking a ball around again. It stands to reason football players cannot expect to be paid in full indefinitely when there is no football for them to play. Without matchday income there is no business model at all and, as existing cash reserves dry up, the options will become much more grim. The noises of distress coming out of Aberdeen and Hibs over the last few days point to the general direction our game is now locked into. Down south, and particularly in the scatter cash environment of the Championship, the picture is even more bleak. During emergency talks last week it became clear a huge number of EFL clubs will be unable to cover April’s wage bill. Up here the richest club in the country is carefully examining its next step. Celtic may have around £30million sitting in the bank but with a wage bill nudging £60m they are also exposed to a cash burn like no other SPFL club. It doesn’t take a mathematician to do the sums. These monumental reserves would be wiped out by another six months of locked doors. Amid all this gathering carnage Dave King chose to take the government edict more literally than most. On Friday, King effectively washed his hands of Rangers while declaring his intention to go into isolation behind the walls of his Johannesburg mansion. In more normal circumstances his resignation as chairman wouldn’t have set alarm bells ringing. After all, King did say at the Ibrox club’s AGM back in November his time at the helm was nearing an end and he would most probably be gone before the end of March. In that respect he has been true to his word. But the world has changed immeasurably over these last few weeks and it seems likely also a huge chunk of the fresh investment on which Rangers had been banking when King first announced his exit timetable will also have been put on pause. Put it this way, over the last week Record Sport has twice reached out to potential new moneyman Stuart Gibson, attempting to ascertain if the COVID-19 crisis will have any impact on the timing of his investment or on the amount of cash he may be able or willing to pump in. On both occasions a source close to Gibson’s business empire in the Far East declined to answer, saying only that there is “no information on that right now”. With stocks and share prices tanking it’s no surprise Gibson’s people are being so vague. No one in their right mind would be ploughing millions into a football club which cannot play football for the foreseeable future, not unless that person happened to be a philanthropic billionaire with wealth off the radar. Gibson may well have given a commitment to follow through with his cash when the situation becomes more stable but there’s no way of knowing when that day might come. That’s why King’s decision to head for the hills should provide Rangers supporters with serious pause for thought. Understandably, these fans idolise King for all of his efforts to rescue their club from the mayhem that was unleashed upon it from the moment Craig Whyte’s pointy shoes first made it over the front door. The Rangers he leaves behind is unrecognisable in comparison to the basket case he took over. And yet King has chosen to cut and run at what is arguably a moment of even greater concern, insisting rather flimsily that he cannot continue to run the club from South Africa. That just doesn’t cut it from a man who has been doing exactly that since the day he took control. In fact King was social distancing himself from Rangers long before the rest of us even knew what it even meant. Only when this crisis is over will his true legacy become clear. It will be determined not by his previous deeds but by what happens next. To that end, Rangers owe a huge debt of gratitude to those King has left holding the fort. Until reinforcements arrive, men such as new interim chairman Douglas Park, deputy chairman John Bennett and other key investors Julian Wolhardt, George Letham, George Taylor and Barry Scott, will be left to dig deep in order to protect the club as well as safeguard their own investments. King campaigned for office on a ticket of enormous promises, adamant he was willing to burn through his children’s inheritance to save his club. Now that push has come to shove, those he leaves behind may have to shoulder that very burden. https://www.dailyrecord.co.uk/sport/football/football-news/dave-king-washed-hands-rangers-21776538 Oops. I love trying to read between the lines.... ...washed his hands of Newco... ...behind the walls of his Johannesburg mansion... ...no information on that right now.... ...wealth off the radar... (thats new) ...head for the hills.... ....cut and run... ....even greater concern.... ....rather flimsily... ....that just doesn't cut it.... ....left to dig deep... ....shoulder that very burden... Who needs enemies when you have friends in the newspaper business. Quote Link to comment Share on other sites More sharing options...
Ehllhayapeh Posted March 30, 2020 Share Posted March 30, 2020 On 28/03/2020 at 05:14, Doc Rob said: Many of us are still smarting at the way they have been allowed to sweep years of cheating under the carpet and carry on as if nothing ever happened - in fact, the authorities have all but begged them to do so. They have leaned absolutely nothing from their experience and behave in the exact same way. What we are looking for is a little long-delayed justice. The trouble with Rangers is Celtic. It isnt enough for them to come back from the dead and be financially prudent and competitive in the league, they have to be competing against Celtic. It was inevitable the "Celtic spend a pound, we spend a pound" would raise its head again. If they do go bust the same thing will happen again. The Rangers will rise again as AFC The Rangers and they still wont have learned any lessons and will still chase Celtic at all costs. Quote Link to comment Share on other sites More sharing options...
132goals1958 Posted March 30, 2020 Share Posted March 30, 2020 32 minutes ago, Ehllhayapeh said: The trouble with Rangers is Celtic. It isnt enough for them to come back from the dead and be financially prudent and competitive in the league, they have to be competing against Celtic. It was inevitable the "Celtic spend a pound, we spend a pound" would raise its head again. If they do go bust the same thing will happen again. The Rangers will rise again as AFC The Rangers and they still wont have learned any lessons and will still chase Celtic at all costs. Paradoxically from Rangers point of view might it not be preferable foe Celtic to be awarded the league. They could then convince themselves that the season was never finished and mathematically they could have overhauled them in the run in. In addition the interruption stops nine in a row and everything goes back to square 1. Only the bigot brothers are bothered about 10 in a row which only goes to demonstrate the mickey mouse nature of our set up. Quote Link to comment Share on other sites More sharing options...
luckydug Posted March 30, 2020 Share Posted March 30, 2020 6 hours ago, Ex member of the SaS said: Mc Coll is no mug as has been pointed out. No way will he pish money away with this mob. He has been linked before but it has also been mentioned he will only take the assets. BUT he had the chance to do so and White and Green took it on, so I very much doubt he will do so this time. The ONLY thing keeping them afloat right now is the fact the courts are off and MA doesn't get his cash. Very shortly they have the Close Bros loan ( these leeches won't give them an inch ) and the football debts where they just might get a break, however if the clubs that are due are struggling they may well insist on being paid. The end of May is the big deadline I would think. If no sign of any football ( stated elsewhere there is no chance this year ) then they have no income. No shirt sponsor, no shop sales, no gate money and no corporate income. The media slagged us but at least we are doing something to mitigate the problem. They sit back and wait for a sugar daddy. I would think sugar daddy's will be in short supply. Most of them will have had their fortunes shrunk by the effects the Covid 19 virus on the stock markets around the world. Quote Link to comment Share on other sites More sharing options...
eyesandears Posted March 30, 2020 Share Posted March 30, 2020 1 hour ago, Ehllhayapeh said: The trouble with Rangers is Celtic. It isnt enough for them to come back from the dead and be financially prudent and competitive in the league, they have to be competing against Celtic. It was inevitable the "Celtic spend a pound, we spend a pound" would raise its head again. If they do go bust the same thing will happen again. The Rangers will rise again as AFC The Rangers and they still wont have learned any lessons and will still chase Celtic at all costs. While you're on, how are United sustaining such a big loss every month? Record of loss of £3.6M last year probably same again this year with Shankland on the books. 130% salary to turnover ratio. What's going on up with you guys. Be good to have you back but you're burning money to do it Quote Link to comment Share on other sites More sharing options...
JackLadd Posted March 30, 2020 Share Posted March 30, 2020 (edited) 2 hours ago, Ehllhayapeh said: The trouble with Rangers is Celtic. It isnt enough for them to come back from the dead and be financially prudent and competitive in the league, they have to be competing against Celtic. It was inevitable the "Celtic spend a pound, we spend a pound" would raise its head again. If they do go bust the same thing will happen again. The Rangers will rise again as AFC The Rangers and they still wont have learned any lessons and will still chase Celtic at all costs. Their club died and was allowed to impersonate the old club as if nothing happened bar they were admitted to League Two, which the con men that run the game were forced to accept. If the new club goes under it will be the same again with The The Rangers going for 55. I don't even see them having to start anew in League Two again btw. Edited March 30, 2020 by JackLadd Quote Link to comment Share on other sites More sharing options...
Jodami Posted March 30, 2020 Share Posted March 30, 2020 45 minutes ago, luckydug said: I would think sugar daddy's will be in short supply. Most of them will have had their fortunes shrunk by the effects the Covid 19 virus on the stock markets around the world. Unless those goods become perished... again! Quote Link to comment Share on other sites More sharing options...
Phage Posted March 30, 2020 Share Posted March 30, 2020 Any exit from Admin would mean having 10m ish transfer installments to deal with... or at the least come to a deal with Liverpool etc on the footballing debts. Close Brothers have security against everything not nailed down. So another 3m+ to them required. Plus whatever lawyers/administrators fee's. Rough working but to admin away their others debts, cashburn... still looking at someone putting up 20m to save them. Dead or alive The Rangers is a financial money pit riddled with onerous contracts. Nobody with the financial sense to amass the fortune needed would be putting it into Rangers right now. Douglas Park is tapped out, other directors wont throw good money after bad. Their goose is cooked. The real game now is who can salvage them from Admin or Liquidation. Would love another liquidation and some turn of events where they can be raised from the dead in time for the next football season. Also... looks like the shackles are off Keith Jackson and he can print something approaching journalism. Quote Link to comment Share on other sites More sharing options...
busby1985 Posted March 30, 2020 Share Posted March 30, 2020 @Footballfirst how do Rangers met FFP rules? Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted March 30, 2020 Share Posted March 30, 2020 (edited) 8 minutes ago, busby1985 said: @Footballfirst how do Rangers met FFP rules? The rules are actually quite generous and are more aimed at elite clubs than those in smaller countries like Scotland. I think the limit is losses of €39m over a three year period. While Rangers' reported losses are in that ball park, you are allowed to deduct spending on your Academy and capital projects from the cumulative loss figure. Rangers will probably spend £1m/£2m on their academy and spend another £1m/£2m each year in capital expenditure (e.g. repairing the roof), so probably have a few £m leeway before breaching the limit. I believe that UEFA will relax the rules for next season in any event. Edited March 30, 2020 by Footballfirst Quote Link to comment Share on other sites More sharing options...
busby1985 Posted March 30, 2020 Share Posted March 30, 2020 6 minutes ago, Footballfirst said: The rules are actually quite generous and are more aimed at elite clubs than those in smaller countries like Scotland. I think the limit is losses of €39m over a three year period. While Rangers' reported losses are in that ball park, you are allowed to deduct spending on your Academy and capital projects from the cumulative loss figure. Rangers will probably spend £1m/£2m on their academy and spend another £1m/£2m each year in capital expenditure (e.g. repairing the roof), so probably have a few £m leeway before breaching the limit. I believe that UEFA will relax the rules for next season in any event. Thanks bud. Quote Link to comment Share on other sites More sharing options...
Ex member of the SaS Posted March 31, 2020 Share Posted March 31, 2020 Some Celtic fan site ( can't remember where I read it ) claiming the league will be called. Celtic Champs, Hearts relegated and the Admin rules dropped. The only reason I can see for the last bit is because they know Sevco are fecked and are trying to stop them dropping down the league ( thus less cash ) . Quote Link to comment Share on other sites More sharing options...
Dunks Posted March 31, 2020 Share Posted March 31, 2020 On 29/03/2020 at 20:41, merrymac said: Used to have some business dealings with him. That is his standard look, over many years never saw him smile. He smiled during the happy times Quote Link to comment Share on other sites More sharing options...
IveSeenTheLight Posted March 31, 2020 Share Posted March 31, 2020 39 minutes ago, Ex member of the SaS said: Some Celtic fan site ( can't remember where I read it ) claiming the league will be called. Celtic Champs, Hearts relegated and the Admin rules dropped. The only reason I can see for the last bit is because they know Sevco are fecked and are trying to stop them dropping down the league ( thus less cash ) . Surely, even if the points issue is dropped, going into administration requires a strict criteria in order to come out of admin. They'd be restricted to any spending and would need to come to an agreement to their creditors in a CVA arrangement. Who are the likely creditors? Mike Ashley, Hummel, Other clubs i.e. Liverpool Quote Link to comment Share on other sites More sharing options...
Beast Boy Posted March 31, 2020 Share Posted March 31, 2020 1 hour ago, Ex member of the SaS said: Some Celtic fan site That was your first mistake. Quote Link to comment Share on other sites More sharing options...
JamboAl Posted March 31, 2020 Author Share Posted March 31, 2020 22 minutes ago, IveSeenTheLight said: Surely, even if the points issue is dropped, going into administration requires a strict criteria in order to come out of admin. They'd be restricted to any spending and would need to come to an agreement to their creditors in a CVA arrangement. Who are the likely creditors? Mike Ashley, Hummel, Other clubs i.e. Liverpool Big Mike is making use of the furlough at Toon. He's maybe getting a wee bit hard up after SD was designated as non essential. Quote Link to comment Share on other sites More sharing options...
merrymac Posted March 31, 2020 Share Posted March 31, 2020 43 minutes ago, Dunks said: He smiled during the happy times Probably as near as he ever came then Quote Link to comment Share on other sites More sharing options...
kirkierobroy Posted March 31, 2020 Share Posted March 31, 2020 West of Scotland League is apparently ready to go, slotted in below the Lowland League, from next season whenever that is. If The Rangers go down again, let The The Rangers start in that. Actually, hang on.... we're in that. Cancel paragraph 1. There isn't enough Dettol in the world to cope with their travelling support in small venues. (Incidentally, we were much bigger certs for relegation than Hearts before the reconstruction was agreed. If they cut the season where it is, insist on being part of a bigger Spiffle 1) Quote Link to comment Share on other sites More sharing options...
Ex member of the SaS Posted March 31, 2020 Share Posted March 31, 2020 1 hour ago, Special Officer Doofy said: That was your first mistake. It came up as a pop up on my tablet. No idea how that works as computers are not my strong point. TBF I didn't even read past the headline. Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted May 2, 2020 Share Posted May 2, 2020 Has TRFC finally got shot of Mike Ashley, and how much did it cost them? https://www.dailyrecord.co.uk/sport/football/football-news/rangers-sports-direct-partnership-ends-21962650 https://rangers.co.uk/news/headlines/commercial-update/ Furthermore, Rangers will begin the 2020/21 football season with a new kit and retail operations partner, following the conclusion of all existing contracts. James Bisgrove, Director of Commercial and Marketing said: “The club is incredibly excited to introduce its new kit & retail partner to Rangers supporters world-wide imminently. This represents a clean slate and marks the start of a new era in the club’s commercial retail operations. The partnership will be a significant step forward in Rangers’ recent history.” Quote Link to comment Share on other sites More sharing options...
Mikey1874 Posted May 2, 2020 Share Posted May 2, 2020 (edited) Actual progress Took a while though Edited May 2, 2020 by Mikey1874 Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted May 2, 2020 Share Posted May 2, 2020 I know that TRFC and SDI were advised by Lionel Persey to seek a settlement through mediation. Given the lack of any information relating to further hearings, then it is entirely possible that mediation has happened. Lets say that a figure of £3m, £5m, or whatever, was the agreed amount for SDI to walk away, including completely forgoing the matching agreement. If TRFC was then able to get an up front payment from a new retail partner to match the settlement figure, then it would be a no cost option for the club and allow them to make a fresh start. I don’t know how such transactions would be accounted for, if at all, within the club’s annual report. It my be that we may never know what was involved in any agreed settlement if that has happened. An alternative scenario would be that TRFC has approached a new supplier and the SDI is not prepared to match the agreement. That would of course leave the court action ongoing. Quote Link to comment Share on other sites More sharing options...
buzzbomb1958 Posted May 2, 2020 Share Posted May 2, 2020 1 hour ago, Footballfirst said: Has TRFC finally got shot of Mike Ashley, and how much did it cost them? https://www.dailyrecord.co.uk/sport/football/football-news/rangers-sports-direct-partnership-ends-21962650 https://rangers.co.uk/news/headlines/commercial-update/ Furthermore, Rangers will begin the 2020/21 football season with a new kit and retail operations partner, following the conclusion of all existing contracts. James Bisgrove, Director of Commercial and Marketing said: “The club is incredibly excited to introduce its new kit & retail partner to Rangers supporters world-wide imminently. This represents a clean slate and marks the start of a new era in the club’s commercial retail operations. The partnership will be a significant step forward in Rangers’ recent history.” Doesn't mean nothing they will still have to shell out mega for the court case it will be interesting to see what shitty little company they have partnered with I can't see anyone big touching them with a shitty stick Quote Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted May 2, 2020 Share Posted May 2, 2020 Big bad Mike is never really away, he is like Michael Myers, I do think this time he is actually gone, but would laugh my lungs out if he still has another contract worm making it to the surface again? Still it will be hard after their recent history for any supplier to risk a contract Quote Link to comment Share on other sites More sharing options...
Ex member of the SaS Posted May 2, 2020 Share Posted May 2, 2020 2 hours ago, Footballfirst said: I know that TRFC and SDI were advised by Lionel Persey to seek a settlement through mediation. Given the lack of any information relating to further hearings, then it is entirely possible that mediation has happened. Lets say that a figure of £3m, £5m, or whatever, was the agreed amount for SDI to walk away, including completely forgoing the matching agreement. If TRFC was then able to get an up front payment from a new retail partner to match the settlement figure, then it would be a no cost option for the club and allow them to make a fresh start. I don’t know how such transactions would be accounted for, if at all, within the club’s annual report. It my be that we may never know what was involved in any agreed settlement if that has happened. An alternative scenario would be that TRFC has approached a new supplier and the SDI is not prepared to match the agreement. That would of course leave the court action ongoing. Think your £3 to £5 mill is optimistic as they will have something like that figure just for big Mike's solicitor bills, can't see SDI giving up and paying their own court costs. Paying off SDI and their costs will surely be in the £10 to £15 mill figure, NO? Quote Link to comment Share on other sites More sharing options...
Hashimoto Posted May 2, 2020 Share Posted May 2, 2020 While the club stated that an official announcement is due in the coming weeks, rumors have it that Rangers will sign a kit deal "Castore", a "Premium Sportswear" brand founded in Liverpool in 2016. Castore....Never heard of them....... Quote Link to comment Share on other sites More sharing options...
buzzbomb1958 Posted May 2, 2020 Share Posted May 2, 2020 1 hour ago, Hashimoto said: While the club stated that an official announcement is due in the coming weeks, rumors have it that Rangers will sign a kit deal "Castore", a "Premium Sportswear" brand founded in Liverpool in 2016. Castore....Never heard of them....... The hye karate of sports wear firms two China men in a Liverpudlian backroom ,one sewing one packing with Amazon delivering £3.99 delivery fee Quote Link to comment Share on other sites More sharing options...
JamboAl Posted May 2, 2020 Author Share Posted May 2, 2020 1 hour ago, Hashimoto said: While the club stated that an official announcement is due in the coming weeks, rumors have it that Rangers will sign a kit deal "Castore", a "Premium Sportswear" brand founded in Liverpool in 2016. Castore....Never heard of them....... Slippy G connection? Quote Link to comment Share on other sites More sharing options...
jvm32 Posted May 2, 2020 Share Posted May 2, 2020 1 hour ago, Hashimoto said: While the club stated that an official announcement is due in the coming weeks, rumors have it that Rangers will sign a kit deal "Castore", a "Premium Sportswear" brand founded in Liverpool in 2016. Castore....Never heard of them....... Only thing I know about them is they sponsor Andy Murray Quote Link to comment Share on other sites More sharing options...
Don Dan Posted May 2, 2020 Share Posted May 2, 2020 (edited) https://fashionunited.uk/news/business/andy-murray-becomes-shareholder-in-sportswear-brand-castore/2019030742023 https://www.express.co.uk/finance/city/830410/Castore-sportswear-review-founders-Tom-Phil-Beahon https://www.thebusinessdesk.com/northwest/news/2055480-sportswear-brand-raises-7.5m-to-break-into-professional-football-kits-sector Edited May 2, 2020 by Dannie Boy Quote Link to comment Share on other sites More sharing options...
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