Generic Sevco / Rangers meltdown thread

[snedzuk]

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Hmmm, 95k per month water bills? Doesn't sound very likely

I cant be arsed trying to have a stab at this, but the charges in this seem pretty steep.

https://www.business-stream.co.uk/si...ment_16-17.pdf

[Highland_Hibee]

See Joey is being touted with a return to Burnley. Part of me wants to see him go to lift the lid on his silence but I also wanna see him continue to milk a wage from that lot.


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[Ozyhibby]

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See Joey is being touted with a return to Burnley. Part of me wants to see him go to lift the lid on his silence but I also wanna see him continue to milk a wage from that lot.


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Def want to see him keep on claiming the wages. There is nothing he could say that would make me think worse of them.


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[Keith_M]

Souness is in today's papers saying that it's about time King put his money where his mouth is and put in the fabled 'investment' to try to catch up with Celtc.


“They need to get better players and that will take money. The owner [King] needs to find some money for the manager because he's operating with one hand tied behind his back at the moment."

"You can't come out and say you're going to spend this and spend that if you haven't got it. If you end up not spending it, that is a mistake because it raised the expectations of the support."

The Herald

[chinaman]

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Souness is in today's papers saying that it's about time King put his money where his mouth is and put in the fabled 'investment' to try to catch up with Celtc.


“They need to get better players and that will take money. The owner [King] needs to find some money for the manager because he's operating with one hand tied behind his back at the moment."

"You can't come out and say you're going to spend this and spend that if you haven't got it. If you end up not spending it, that is a mistake because it raised the expectations of the support."

The Herald

Shameless **** that is souness, joined at the hip with fat tory tax dodger murray and slags off the creepy slime ball king.souness the man who sold his soul to the fxxxxx sunl
Souness shat on the huns then shat on the people of Liverpool.
Souness the"voice of reason" HILARIOUS

[Ozyhibby]

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Souness is in today's papers saying that it's about time King put his money where his mouth is and put in the fabled 'investment' to try to catch up with Celtc.


“They need to get better players and that will take money. The owner [King] needs to find some money for the manager because he's operating with one hand tied behind his back at the moment."

"You can't come out and say you're going to spend this and spend that if you haven't got it. If you end up not spending it, that is a mistake because it raised the expectations of the support."

The Herald

Sevco are losing about £8m a year and already had debts of £18m at the last accounts.
Without buying a single extra player, King will need to find an extra £8m before the end of the season.


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[greenginger]

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Shameless **** that is souness, joined at the hip with fat tory tax dodger murray and slags off the creepy slime ball king.souness the man who sold his soul to the fxxxxx sunl
Souness shat on the huns then shat on the people of Liverpool.
Souness the"voice of reason" HILARIOUS

Where do you you get Tory from ?

Murray was knighted by the labour government in 2007 and was an Alex Salmond supporter.

http://www.bbc.co.uk/news/uk-scotland-12591383

[WhileTheChief..]

How the hell are they managing to lose £8m pa with more than 40k ST holders??

Even with the wages they're paying to Barton etc they shouldn't be losing anywhere near that amount.

Utterly bizarre setup through Ibrox way and clearly no lessons have been learnt.

[CropleyWasGod]

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Sevco are losing about £8m a year and already had debts of £18m at the last accounts.
Without buying a single extra player, King will need to find an extra £8m before the end of the season.


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Where are you getting those figures from?

(one doesn't necessarily follow from the other....)

[jacomo]

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Where do you you get Tory from ?

Murray was knighted by the labour government in 2007 and was an Alex Salmond supporter.

http://www.bbc.co.uk/news/uk-scotland-12591383

Are you joking?

Murray was a poster boy for the Thatcherite generation. He's a Tory through and through.

[greenginger]

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Are you joking?

Murray was a poster boy for the Thatcherite generation. He's a Tory through and through.

Murray would cosy up to anybody he could use.

Hence his support for Alex Salmond.

[Ozyhibby]

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Where are you getting those figures from?

(one doesn't necessarily follow from the other....)

Their turnover was just under £16m last year and their operating expenses just over £24m.
It's true that next years accounts could show a much improved situation but that is a big shortfall to make up?


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[jacomo]

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Murray would cosy up to anybody he could use.

Hence his support for Alex Salmond.

That's also true.

And a typical Tory trait

[CropleyWasGod]

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Their turnover was just under £16m last year and their operating expenses just over £24m.
It's true that next years accounts could show a much improved situation but that is a big shortfall to make up?


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So they don't "need to find £8m before the end of the season" which was my main question. I thought that maybe you'd seen that posted somewhere.

Their 2016 accounts aren't out yet, and I have no idea what they'll say. However, this season's should be better, what with better TV money and their European jaunt......

Oh, wait.....

[Bostonhibby]

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So they don't "need to find £8m before the end of the season" which was my main question. I thought that maybe you'd seen that posted somewhere.

Their 2016 accounts aren't out yet, and I have no idea what they'll say. However, this season's should be better, what with better TV money and their European jaunt......

Oh, wait.....

They must have got a couple of quid for their first Scottish Cup final appearance? Then there's the DVD sales.

I reckon King was seriously hoping to recover some of the millions he lost when he was involved earlier with the now defunct Glasgow rangers by trousering some of the money from a cup win, attendant sales and a european jaunt - and he is now running out of options unless he can get some egotistical maniac with deep pockets to buy him out or he can somehow persuade clever people to invest in his blighted money pit.

[Billy Whizz]

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So they don't "need to find £8m before the end of the season" which was my main question. I thought that maybe you'd seen that posted somewhere.

Their 2016 accounts aren't out yet, and I have no idea what they'll say. However, this season's should be better, what with better TV money and their European jaunt......

Oh, wait.....

How are they funding the £8 million gap

[CropleyWasGod]

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How are they funding the £8 million gap

Not sure what you mean by the £8m gap.

They made a loss in the year to June 15 of £7m. However, they still had net assets of £18m.

In December (?) last year, they got some external funding, which was designed to get them through until the end of last season.... which it did. At that point, ST's kicked in... which will have kept the lights on for a while.

Without the 2016 accounts, there's no way to assess what their current situation is. By previous years' experience, we might see them in January...by which time they'll be out of date

[Ringothedog]

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Hmmm, 95k per month water bills? Doesn't sound very likely

2-3 times a month with a crowd the size of a small town using their facilities, ensuring their pitch is in top class condition. They will use a shed load of water....whether its £95k worth is another matter

[Billy Whizz]

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Not sure what you mean by the £8m gap.

They made a loss in the year to June 15 of £7m. However, they still had net assets of £18m.

In December (?) last year, they got some external funding, which was designed to get them through until the end of last season.... which it did. At that point, ST's kicked in... which will have kept the lights on for a while.

Without the 2016 accounts, there's no way to assess what their current situation is. By previous years' experience, we might see them in January...by which time they'll be out of date

I'm not sure of their cash in hand, what I meant in simple business terms, if you're spending £8 million more than you bring in....

[CropleyWasGod]

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I'm not sure of their cash in hand, what I meant in simple business terms, if you're spending £8 million more than you bring in....

Are they, though?

That's my point.... we don't know that. We know they needed cash half-way through last season, and they got it.

And that's about as much as we know......

[southsider]

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2-3 times a month with a crowd the size of a small town using their facilities, ensuring their pitch is in top class condition. They will use a shed load of water....whether its £95k worth is another matter

The water used is quite cheep but the standing charges for useage and waste can be very expensive.

[chinaman]

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Where do you you get Tory from ?

Murray was knighted by the labour government in 2007 and was an Alex Salmond supporter.

http://www.bbc.co.uk/news/uk-scotland-12591383

Murray wanted independence aye ?

[Seveno]

They should try coming up with some clever tax dodging scheme. That would allow them to sign players way out with their budget and so compete with Celtic.

I am surprised that no-one has thought of that idea yet. Seems a sure fire winner to me.

[Sergio sledge]

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The water used is quite cheep but the standing charges for useage and waste can be very expensive.

There's no chance they are using £95K a month of water. Unless they have a ridiculously large water meter and leave the taps running constantly. I think Hampden Park's water bill annually was somewhere in the region of £115k http://www.edie.net/news/4/Hampden-P...cks-water-use/ before they managed to make £40k a year savings through making the urinals flush less often when there were only 200 people there as opposed to 50k people there.

[Bostonhibby]

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There's no chance they are using £95K a month of water. Unless they have a ridiculously large water meter and leave the taps running constantly. I think Hampden Park's water bill annually was somewhere in the region of £115k http://www.edie.net/news/4/Hampden-P...cks-water-use/ before they managed to make £40k a year savings through making the urinals flush less often when there were only 200 people there as opposed to 50k people there.

They're not doing baptisms on the side are they?

[Jack Hackett]

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They're not doing baptisms on the side are they?

Re-enactments of the Battle of the Boyne...up to their knees in stolen water.

[ancient hibee]

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There's no chance they are using £95K a month of water. Unless they have a ridiculously large water meter and leave the taps running constantly. I think Hampden Park's water bill annually was somewhere in the region of £115k http://www.edie.net/news/4/Hampden-P...cks-water-use/ before they managed to make £40k a year savings through making the urinals flush less often when there were only 200 people there as opposed to 50k people there.

If there is an outstanding water bill it presumably covers the training complex as well.

[Ozyhibby]

I haven't seen a single shred of evidence to suggest there is any truth in this water story and the figures banded about by John James were ridiculous. They need external finance or massive cost cutting. If that doesn't happen then there will be plenty to laugh about without made up water stories.


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[Bostonhibby]

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Re-enactments of the Battle of the Boyne...up to their knees in stolen water.

Ah yes, the battling boings. We hear so much of them, are they an important part of Scottish history?



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[Keith_M]

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The water used is quite cheep but the standing charges for useage and waste can be very expensive.

True, but the figure originates from John James' 'story' that they diddled Scottish Water by diverting it from a local church.

The claim he's making is that they avoided the 95k per month charges they would have received for metered usage by 'doing a Winston'* on their water meter... nothing to do with standing charges, etc.








* Still Game fans will know what that means