What happened to Dave King's fit and proper investigation?
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What happened to Dave King's fit and proper investigation?
Not sustainable. All a gamble to stop 10 in a row. They need to cough up another 10 million till the end of the season. If they don't stop 10 in a row they will have to double up for next season. Then they will pull the rug win or bust.Quote:
Originally Posted by Keith_M
They are clearly relying on progressing to the group stages of the European Competition they are in which Gerrard is managing with ease They are now going to be second in the league every year and progressing to domestic Cup Finals-given how poor the rest of us areQuote:
Originally Posted by FilipinoHibs
That all leads to increased revenue and prop ably increased Sponsorship deals
They will sustain that till Scotland gets second Champions League place and that’s the extra revenue they really crave
Loses Gerard at the end of the Season and make a poor appointment that doesn’t get them to group stages of Europe and Domestic Finals is best we can hope for
But Aberdeen are already feeling Financial loss of finishing second for all those years so don’t see anyone beating them into second place Like it or not we are back to Old Firm Dominance
Just don’t see your scenario unfolding
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They are already spending more money than Europa cup can get them. They need Champions league. Also need to remember they are not in full control of their commercial income. Mike Ashley controls their merchandising.Quote:
Originally Posted by Ronniekirk
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And we still get advisers on here who suggest that Hibs should speculate to accumulate. Is that not what Rangers are doing?Quote:
Originally Posted by Ozyhibby
Every single borrowed pound is for one purpose. When Celtic win 10IAR, Sevco will provide the pyrotechnics.
What FFP in Europe? I know Scotland has nothing of the sort unfortunately but will UEFA not look at their overspending?
They are £15 million down per year but need £10 to survive till end of May. Looks like an explosion in wages.Quote:
Originally Posted by ballengeich
Basically the major shareholders are having to put up £15m to £25m a season just to keep this show on the road. This is not sustainable for these shareholders/fans unless some of the are multi billionaires which I don't believe any of them are. Their goal is stop Celtic getting ten in a row when they will rollback and start the player sales. They know Gerrard will move on once achieved or there is failure. Europe is a lottery to get to group stages and a bit like gambling on independence on the price of a barrel of oil. It is not a stable or certain way to forecast income.Quote:
Originally Posted by Ronniekirk
Looking at their squad, the wage bill won't be going down next season.
They should have sold Tavernier in the summer. He has made lots of high profile European gafs since then so interest in him and his value will have dropped dramatically.
They will save circa £2 million a season if they get shot of 37 year old Jermaine Defoe, however, they need a new quality striker to support Morelos. The quality of striker they will want won't be cheap and that player will want a similar wage to Rangers current contribution to Defoe's Bournemouth wage, so no saving there plus a transfer fee required.
As I said they are far out to sea with this gamble and can't turn back.
The backers will keep the money fire stoked for another 18 months at least.
If they have people who are prepared to cover the losses, is it a problem?
Is it really any different to the way other rich owners have backed clubs in the past?
:tin hat:
From what I've read thus far the people covering the losses are certainly wealthy but not in the bracket where the pockets have no bottom and the Parks for example are alleged to have said that their personal losses are unsustainable. The Ryan Kent fee along with the forthcoming damages to be paid to Ashley may well be a bridge too far for the current loan providers....Quote:
Originally Posted by Smartie
Gerrard has navigated Getting them to the group stages so far hence I said if he leaves next appointment needs to dot he same or that would be a problemQuote:
Originally Posted by FilipinoHibs
George Latham one of the Three Bears is still putting money in is my understanding as are others So I still don’t see them changing tack in the next few years
What happens after that I have no idea but was of the view King would maybe look to get out and pave the way for New Investment and Owners
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King isn't going to walk away from the money he is in for and the concept that someone will buy the vast amount of shares he owns at 20p per share is nuts. The club is a financial basket case...Quote:
Originally Posted by Ronniekirk
Ah keep forgetting the Merchandise side of thingsQuote:
Originally Posted by Ozyhibby
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https://www.forbes.com/sites/mikemee...mpression=true
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We call it bad new Friday at workQuote:
Originally Posted by Ozyhibby
Yup pretty spot. Even Sevco they are flying close to the edge. Good to watch this one unfold. When will King and all pull the rug.Quote:
Originally Posted by Ozyhibby
Interesting read.Quote:
Originally Posted by Ozyhibby
Gerrard adamant today on radio Morellos will not be sold in January so be interesting to see if Board back him on this if significantly bid comes in
I think they will ,as it’s part of thier strategy to try and win the League and a Cup this Season
So what they spent in the January window will be more telling
They may off load some fringe players ,but don’t see them selling any prize asset ,unless silly money offered that allows them to get in someone else who is prolific scorer ,and bank money at same time .
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keep talking !....where's the daffy gif ?Quote:
Originally Posted by FilipinoHibs
'The simple reality of the matter, however, is that the funding gap to Celtic is essentially insurmountable within the time required to stop the ten unless someone is willing to consciously and deliberately lose tens of millions of pounds to do so. Dave King, the major benefactor of Rangers, is currently losing upwards of £10 million a year to watch Celtic win every trophy, and no matter how big a fan of the club he claims to be, that is completely unsustainable. Now, he must find another £10 million to keep the club solvent until the end of the season'Quote:
Originally Posted by Ozyhibby
Where's ma jumbo-box of Kleenex ??
A good report although I think the author misses one important point.For Rangers it’s not so much about Rangers winning the league but about Celtic not winning it.
https://twitter.com/lauralambert8/st...258089472?s=21
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This is how FFP should work but apparently it never could in Scotland.
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[emoji23]Quote:
Originally Posted by 660
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Quote:
Originally Posted by Ozyhibby
This sets out the Rangers predicament perfectly. Thanks for posting.
Buying Ryan Kent was an act of reckless stupidity. They simply have to sell players or they are headed for another £10m loss this season. How long can the madness continue?
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Can't help but think that if they hadn't cheated in the first place then HMRC wouldn't have had to calculate anything.
Only got themselves to blame for dying.