This is nice. :greengrin
http://sport.stv.tv/football/clubs/r...-to-cut-costs/
But it is STV. :rolleyes:
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This is nice. :greengrin
http://sport.stv.tv/football/clubs/r...-to-cut-costs/
But it is STV. :rolleyes:
SSN reporting the same.Quote:
Originally Posted by CropleyWasGod
These cuts will feel like admin. That is if Admin doesn't actually happen.Quote:
Originally Posted by CropleyWasGod
Brilliant. Isn't it.
They really are in a messQuote:
Originally Posted by Mikey
They are exactly like the Klan. WATP Supremacists.Quote:
Originally Posted by JeMeSouviens
Absolute Shambles of a club.
How can they be in this state so soon after what they've been through.
They should be kicked out of Scottish Football. They were paying £5k a week to players playing in 3rd and 2nd Division.
They're paying a hell of a lot more than £5k a week to some players right now.Quote:
Originally Posted by macca70
True. Was just on the radio there, that Sheils and Black are on 7 grand a week..........and i doubt they are the highest earners.Quote:
Originally Posted by Cabbage East
Even the serial half-wits in what passes at their " support", can't point their knuckle-dragged fingers at anyone else this time. For a club that almost went out of business because of cheating, now they could go out of business through nothing more than sheer vanity, trying to work their way into relevance by attempting to compete with Celtc from a few leagues below.
Working in the weege this week and overheard in a deli the owner talking to his customer asking bout his son who must be a junior said he'd gone from Rangers to Hearts (frying pan fire me thought) and that if he did well he'd be giving up school and signing (professionally) in March... I was tempted to butt in but I got a sandwich instead ;)
It's said that McCulloch is on £12k-that's a week not a season.
A lot more than that.Quote:
Originally Posted by Cabbage East
That is nowhere near he highest paid current player.Quote:
Originally Posted by SurferRosa
It's spelt CurrantQuote:
Originally Posted by Weststandwanab
It's amazing it's come to this again.
They should have been able to absolutely walk their way through the leagues with a sustainable annual wage budget of £2m (£40k a week) and a journeyman manager with good experience at that level. But no -- they decided to try to compete in the cups and pay Fat Sally more than £2,000 a day. He probably still earns more than the entire squad of any other team in the third or fourth tier.
With any kind of boardroom leadership they wouldn't have gone mental with SPL signings (Daly, Sheils, Black, Sandaza, Templeton, Kyle, Bell) when they were in the fourth tier. Remember when we were in the first division? McLeish signed guys like Derek Collins, Tom Smith and Paul Lovering (who were all solid at that level) to fill the gaps between a few real quality players. That's the way to do it, and Sevco already had a few SPL-level players in McCulloch, Wallace, Alexander etc.
Like Hearts they can have no excuses this time. The fans were happy to sign the players so they can pay the consequences.
Nice of you to capitalise it.Quote:
Originally Posted by Hibby70
It's about the only thing that can be capitalised on at ibrox these days
Nice one :flag:Quote:
Originally Posted by Hibby70
You could capitalise loses - the Mad Vlad way !Quote:
Originally Posted by Springbank
The media campaign to bring in Dave King (aka tax evading white knight) will be ratcheted up several notches in the next few days I expect.
Apparently the players have declined to take that 15% wage cut. :greengrin
http://www.football365.com/rangers/9...eir-pay-by-15-
I don't blame their players. If they've been promised that then why should they take a cut?
This only has one outcome really...
What a ****ing shame :greengrin
Quote:
Originally Posted by Northernhibee
Agree completely, in fact I commend them. If this hastens their demise then I'm all for it.
I can see them selling Wallace and Templeton during this window to raise some much needed cash.
What's the going rate for Scottish 3rd Tier players? :greengrinQuote:
Originally Posted by CB_NO3
We're focusing on the players' wages because the game is what interests us. While the players' wages are way above what's necessary to win the league they're in, it should be noted that The Rangers would still have lost millions last season if the entire squad had been amateurs.
The cost of the players isn't unreasonable as a proportion of turnover. Other expenses are a much larger problem as they're still at a level near to that of the Oldco on around half the turnover. That's where they need cuts of a lot more than the 15% wage reduction that's been turned down. It'll be getting worked on in the background but won't get the same publicity at present.
Rarely and when he does its the typical patronising pish you'd expect from someone who doesn't attend games anyway. It was a Celtic fan who told me about Phil and that he was basically a hysteric and an axe grinding bore.Quote:
Originally Posted by The Governor
Although he got himself an NUJ card out of a cornflakes box Phil is certainly not a real journalist and basically jumped on a story (Rangers tax issues) originally broken by another journalist (Darryl King) and fair play to him he's milked it for all it's worth.
But his writing style is clunky and invariably descends into puerile name calling such as referring to Rangers fans as Nazis & Klan. That's just embarrassing and is the sort of nonsense you would read on the more infantile Sellik sites. His two books are even worse, bordering on the unreadable at time as he spouts his near incoherent ire and outrage and are filled with long links to online articles. In printed format I personally find that sort of thing off putting in the extreme. He must have had a very inexperienced editor or one who was asleep at the time.
Desperate to be taken seriously Phil sold the rights to his book to the Sun who then ran a mile when they read some of his stuff online and realised he was just another sectarian minded fruitcake. Although his little band of disciples squealed their outrage at this slight and insisted that Phil was being ironic rather than bigoted in truth he's never recovered from that.
Avoid.
And it goes upto 10 grand a week next year, crazy stuffQuote:
Originally Posted by SurferRosa
Can you give examples of the other expenses, please?Quote:
Originally Posted by ballengeich
Not trying to be smart: genuinely interested.
I am sure I read somewhere that it costs Rangers £1m a month to run Ibrox and Murray Park. Ibrox itself is in need some major renovation works.Quote:
Originally Posted by Big Ed
Rangers go Mammaries Up....
Reincarnated as The Rangers (Sevco 5088).....
They go mammaries up AGAIN......what will they be called :rolleyes:
Serial failures.Quote:
Originally Posted by down-the-slope
The The Rangers (Sevco 1690).Quote:
Originally Posted by down-the-slope
http://www.rangers.co.uk/images/stat...Report2013.pdfQuote:
Originally Posted by Big Ed
I'm not an accountant so if I get anything wrong I'm happy to be corrected. As I understand it, page 12 shows that their income for last season was £19 million and operating costs were over £33 million. One-off costs like repaying Oldco's football debts appear elsewhere.
The biggest item in operating costs was Staff Costs of almost £18 million. First team player wages were less than half of that. Rangers employ a lot of other people. McCoist and his sidekicks are the best known, and the executives took a good cut, but there's a large number in office jobs, stadium maintenance etc. I'd be surprised if any other SPFL club spends more on non-playing staff than it does on players.
The second biggest item in operating costs was Other Operating Charges at £13 million. That includes policing and stewarding on match days and the general running costs of Ibrox and Murray Park. I don't know what else is in that. Their player budget is way down from what the old Rangers paid in the SPL, while other costs haven't reduced so much. The review has to look at other items. Even simple things like travelling to away games on the day rather than staying in hotels overnight can help bring losses down.
that seems like a staggering amount, to pay out on staff in it's self! even half of that going to players, is unbelievable, given their league status at the moment. incredible, and I hope they get their due returns, for acting like the biggest club on the planet, while heading up the 3rd tier of Scottish footballQuote:
Originally Posted by ballengeich
I don't think that Whyte, Green and whoever else was involved had considered the possibility that the new Rangers would not be voted into the SPL. When it happened they didn't adjust to it - they may well have believed that the consequences for the rest of the SPL would be so bad that a reorganisation would bring them back to the top tier for this season. Reality's kicking in now.Quote:
Originally Posted by monktonharp
Thanks for the considered reply.Quote:
Originally Posted by ballengeich
It looks like there may be a few awkward questions getting asked now, as it appears that no one else, other than The Huns themselves, can be blamed for this one.
Maybe the press might.......nah, maybe not.
There was nobody to blame but themselves last time. Didn't stop them though and it won't stop them this time either.Quote:
Originally Posted by Big Ed
Sevco 80085 and Sevco 5138008Quote:
Originally Posted by down-the-slope
Old Skool calculator folk ken whits goan oan.
5318008 to be more precise :wink:Quote:
Originally Posted by jonty
Personally i think they should go with 55378008.
:rolleyes: that's what I get for going Casio and not Texas.Quote:
Originally Posted by stokesmessiah
Third Rangers. :wink:Quote:
Originally Posted by down-the-slope
Does anybody know who will be out of contract at The Rangers in the summer?
Anybody worth trying to get? :greengrin
Govan AmateursQuote:
Originally Posted by down-the-slope
Third Rangers?Quote:
Originally Posted by down-the-slope
Sent from the Tardis
Sevco 1690:wink:
I just read this article and one interesting part was who they sent into the dressing room to propose the wage cut. One would presume it would be the manager, but McCoist kept well away and they basically shoved Lee McCulloch through the dressing room door then shut it behind him.
I understand Mr McCoist at that point had already 'walked away', at a considerable pace. That man is in his own words piyoorly dispikabul.
a £200k bonus to a director for winning the 3rd division FFS....they deserve to go down the tubes this time (oops - I meant again....and for good)
Reminds me of Hearts wage insanity; I bet you could have gotten most of those guys to sign for half the amount they are on, but big team means big wages in their minds presumably.
Either they were planning on much more income than they've gotten, or Chuckie was trying to run them into the ground.
Except that lots of the player contracts were signed after it was confirmed they were starting again in the 4th tier.Quote:
Originally Posted by ballengeich
It was a new company and surely they would have renegotiated contracts with all the staff who were moving to the new company - McCoist and the rest.
The way they have burned through cash over the past 18 months is as jaw-dropping as any of the extravagances during Minty's era.
I'd have thought that the staff who stayed would have transferred with TUPE protection? However common sense would have dictated any new signings come in a greatly reduced salaries, but they kept on paying crazy money and now almost (thankfully) back at square oneQuote:
Originally Posted by jacomoseven
You're right. I suppose I was thinking more about the senior personnel.Quote:
Originally Posted by ginger_rice
But I guess they all wanted as much cash out of the business as possible.
Huns going into Admin again would make next season in Div 1 interesting.
What would their sanctions be? It used to get tougher for a second administration. SPFL would just make it up as they go along I suspect.:rolleyes:Quote:
Originally Posted by Onion
What would the perfect catch 22 scenario for secco to admit they are/are not the same club ???Quote:
Originally Posted by Spike Mandela
533814 works where the 4 on a Casio looks like an h
In normal circumstances its a 25 point deduction however from another forum I understand their current temporary license will be revoked if there is a second insolvency event within 3 years.Quote:
Originally Posted by Spike Mandela
Anyone see the interview with McMoist on the STV news at six?
Ramon whathisface "do you support the players in their refusal to agrre to a 15% reduction in pay?"
McMoist "yes I support them 100%"
Ramon whathisface "were you consulted about this by the board?"
McMoist "yes I was consulted"
Ramon whathisface "did you agree with the proposal"
A sweating and red faced McMoist "I neither agreed nor disagreed it's not my job as manager"
:faf:
The whole Rangers thing is now so surreal, I believe it only really exists in a parallel universe.
:confused:
Stop talking dirty Jack. You are getting me all excited.Quote:
Originally Posted by Jack
Sure is ,Quote:
Originally Posted by johnrebus
I was thinking about this Jelvic move to Hull and the 10% add on a tidy 600k by the way 300k goes to the unfortunate debtors which will get some a penny dainty if they`re lucky .,and the other £300k to The Rangers/Newco/Sevco58 surely The Rangers /Newco/ Sevco58 / won't get a penny as it was the old owners who sold him. If the current The Rangers/Newco/Sevco58 can't inherit old company debts then the new company owners can't receive money from an old sale ,or am I missing something ??,I expected the entire £600k to go to the unfortunate ones .
Noticed a geegee running today called Blueseaofibrox (its amazing what ill will you can wish on a dumb animal [and horses ;-) ] due to fitba.
Anyhoo, it was 20/1 and shared the lead most of the way round and looked like it was in with a squeak. 1/2 a mile from home it faded dramatically and was pulled up (i think). Clearly the ground was too TAXing. (coat already got).
Any excuse to get this thread back on the front page where it belongs. :-)
Sad to say I had an argument in a Prostate Cancer UK volunteers meeting yesterday. Boy says one of the worst days of his life was when all the teams voted to have Ra Gers papped out the premier league and that know. Could not let it go without correcting him. Not a happy bunny was he. :-)
David Low (@Heavidor)
24/01/2014 15:31
Another 2.2m teddy shares traded today. Tidy up continues. Expect more bleating from DK types as they lose out again
pic.twitter.com/XpizWxODB1
Finance director, Stockdale gone today. They've been trying to empty him for a while though
Spiers in the Herald today said McCoist has agreed to a 40% reduction in his Salary. If that applies to his whole salary, that means he's still on 500k a year.
Still an amazing wage for a third tier Scottish manager.
It's a mental wage for any football manager let alone a third tier Scottish one. I honestly don't understand what Newco we're thinking of paying him that much, I doubt he even would have asked for that.Quote:
Originally Posted by keekaboo
Sevco Huns simply took over McCoist's existing contract when Huns RIP were liquidated, and did similarly with a number of the players. It was a triumph of arrogance over financial reality that now has them running out of money within two years of being founded.Quote:
Originally Posted by The Governor
Aye but ye cannae expect any manager on that kinda dosh to be happy in anything less than a 5 star hotel :wink:Quote:
Originally Posted by keekaboo
TBH, given that fat boy's IQ is lower than his shirt number you cannot blame him for hoovering up cash at whatever rate the deluded, incompetent board allow him to do so. And if he accelerates newco's financial demise through his greed then so much the better.Quote:
Originally Posted by keekaboo
Sally in the papers the day still harping on about Dave King and hoping that this crook would pile his cash into them when they get back to the top flight. Shows they continue to learn nothing. Good.
And also in today's papers, Glenn Gibbons gets stuck in to Super Ally:
http://www.scotsman.com/sport/footba...oist-1-3281442
What a great piece. :thumbsup:Quote:
Originally Posted by s.a.m
He's not untouchable any more that's for sure. Good.:greengrinQuote:
Originally Posted by s.a.m
Quote:
Originally Posted by s.a.m
At last, someone pointing out what most of us have known for months/years.
A lot of Twitter chat from usually reliable sources that Craig Whyte is about to step into the spotlight again.
Ohya******! Cannae wait for the next instalment courtesy of agent Whyte. Sit back and break out the popcorn.Quote:
Originally Posted by green glory
I do hope yer not just teasing?! :-)
Quote:
Originally Posted by green glory
You can't just leave it at that, ya tease!
Details please.
Sorry don't have link but details in Alex Thomsons blog on Ch4 website. Summary is Craig Whytes court case regarding his ownership claim to The Rangers could go his way, he may still own them. That would be interesting.Quote:
Originally Posted by keekaboo
That's some story.Quote:
Originally Posted by SteveHFC
It remains to be seen whether it has any substance, or if it's a Mitty-type scenario. I have to say that nothing would surprise me; Green and Whyte deserve each other, IMO.
Glenn Gibbons on Rangers
Scotland’s most aberrant football club
Nice one :thumbsup:
I think " abhorrent " would have been a more apt word to describe that 'football club'. Maybe they made a typo....Quote:
Originally Posted by Jonnyboy
I'm no good at anagrams.Quote:
Originally Posted by Jonnyboy
Does currant buns
nearly anagrammatise
into aberrant anything?
I agree but of the many meanings of the word aberrant I choose deviant :greengrinQuote:
Originally Posted by SurferRosa
Agree they deserve each other, and the The Rangers deserve them both.Quote:
Originally Posted by CropleyWasGod
Rangers turn down £900'000 bid for lee Wallace apparently ,nice that these teams in financial crisis can afford to do that Did they eventually pay the Her7s the full amount they were due them Seem to remember them trying to not pay full whack at some point
That also, would be a fine.....and accurate description. :agree:Quote:
Originally Posted by Jonnyboy
:greengrin
Quote:
Originally Posted by Ronniekirk
http://www.dailyrecord.co.uk/sport/f...ingham-3087772
“But it begs the question, why was the idea of player wage cuts floated in the first place if the board can afford to turn down almost £1m? indeed :agree:
I also liked this...Quote:
Originally Posted by cabbageandribs1875
“Forest won’t pay another penny for a player from Scottish football’s third tier."
I would hope not , its a bit of double edged sword,you dont want the currant buns to get away with it,but i certainly dont want the yams to get anything that would allow them to remain on there life support machine any longer than is needed.Quote:
Originally Posted by Ronniekirk
Quote:
Originally Posted by SteveHFC
There's nothing factual in there to get excited about.
He could be just desperate to pay off the bill to Ticketus and wants to scare The Rangers with the threat of leagal action into making a financial settlement with him., or he could just be an attention seeking twat. Nobody has presented any evidence to support his claims.
Mr Whyte appears to be getting under their skin.......
http://www.heraldscotland.com/news/h...e-mad.23324172
Phil MacGiollaBhain (@Pmacgiollabhain)
01/02/2014 15:16
For the avoidance of doubt.
only external finance will save Sevco from an insolvency event this month.
It is available, but it is expensive
Interesting.Quote:
Originally Posted by Spike Mandela
I can only assume that he has detailed insider knowledge. From what I can see in the public domain, I wouldn't have expected it so soon.
Lovely thought to brighten a crappy day though. :greengrin
Here's his thoughts CWG......Quote:
Originally Posted by CropleyWasGod
http://www.philmacgiollabhain.ie/sev...ary/#more-4348
Cheers, Spike. Seems Craigy boy has timed his run well.Quote:
Originally Posted by Spike Mandela
"A fatal pathogen" eh? Not a phrase I've heard before, but it could become legendary. :greengrin
However, for the less-than-literary hordes in Govan, he puts it a better way in his last sentence. "Sevco are ****ed".
Joy. Hopefully this time they won't rise from the grave again.Quote:
Originally Posted by CropleyWasGod
According to some religions the second death is the one that burns for eternity.
Itching to open that bottle of Talisker.
Wouldn't insolvency this month mean that the club had totally run out of cash? In these circumstances could an administrator do anything more than shut down the football club and padlock the gates?
Probably, although they could do a deal with the SPFL to get their prize money early (a la Gretna) and try to do a quick CVA or pre-pack.Quote:
Originally Posted by ballengeich
Quote:
Originally Posted by CropleyWasGod
But who are the main creditors ? Surely not Hector again :greengrin