Generic Sevco / Rangers meltdown thread

[Ronniekirk]

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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.

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 are
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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[Ozyhibby]

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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 are
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.


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[Sioux]

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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.


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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?

[Onion]

Every single borrowed pound is for one purpose. When Celtic win 10IAR, Sevco will provide the pyrotechnics.

[Hibs4185]

What FFP in Europe? I know Scotland has nothing of the sort unfortunately but will UEFA not look at their overspending?

[FilipinoHibs]

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They have wealthy supporters who are continuing to subsidise their losses by taking shares, fully aware that these are worthless. The plan has been to lose a few million each year until European income plus transfer profits put them on a roughly equal financial and playing footing with Celtic. That can be expected to continue and they have some players who're sellable so I don't see the company collapsing unless further additional expenses arise (step up Mike Ashley).

How do you calculate a figure of £25m for next season? I'd expect the next loss to be fairly similar to this if on-field performance is similar.

They are £15 million down per year but need £10 to survive till end of May. Looks like an explosion in wages.

[FilipinoHibs]

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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 are
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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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.

[CMurdoch]

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.

[Smartie]

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?

[HoboHarry]

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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?

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....

[Ronniekirk]

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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.

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 problem
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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[HoboHarry]

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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 problem
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...

[Ronniekirk]

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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.


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Ah keep forgetting the Merchandise side of things


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[Ozyhibby]

https://www.forbes.com/sites/mikemee...mpression=true


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[wookie70]

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https://www.forbes.com/sites/mikemee...mpression=true


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We call it bad new Friday at work

[FilipinoHibs]

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https://www.forbes.com/sites/mikemee...mpression=true


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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.

[JimBHibees]

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https://www.forbes.com/sites/mikemee...mpression=true


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Interesting read.

[Ronniekirk]

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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[Biggie]

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The creditors of the loans are screwed. You can't shift that value of shares on an unlisted share market. There are no buyers for these shares as the business essentially insolvent. They will never get their loans back and they are essentially written off. Vlad did this with UBIG loans to Hearts with Ukio Bankas making the loans to UBIG. Rangers business model is not sustainable unless fans come up with £10 million to the end of the season to try and stop 10 in a row. Then they have another season to stump up £25 million to see it out. Unless they sell players in January they have had it.

keep talking !....where's the daffy gif ?

[Deansy]

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https://www.forbes.com/sites/mikemee...mpression=true


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'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'


Where's ma jumbo-box of Kleenex ??

[ancient hibee]

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.

[Ozyhibby]

https://twitter.com/lauralambert8/st...258089472?s=21


This is how FFP should work but apparently it never could in Scotland.


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[660]

Hmm https://twitter.com/magnusllewellin/...28372020101122

[Ozyhibby]

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Hmm https://twitter.com/magnusllewellin/...28372020101122

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[jacomo]

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https://www.forbes.com/sites/mikemee...mpression=true


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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?

[Ozyhibby]

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[Callum_62]

.

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[matty_f]

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.

[jacomo]

Well here we go.

Ra Peepl will now proclaim the whole thing a great Papist conspiracy. Never mind that the tax case was just one of many problems faced by Oldco and that Lloyds Bank has already pushed Murray aside in a desperate effort to protect their money by the time this had happened.

Even at £20m (the amount that it is now reported that HMRC should have been owed) they were sunk.

[Cataplana]

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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?

rangers fan media, in response to their poor accounts, has played heavily on the line of “if Celtic hadn’t sold XYZ, they’d be losing £10 million too,” without countenancing that selling players is an essential part of the business plan

And, if Celtic don't score more goals than their opponents they'd be losing games.