Rangers are Rocking; Scottys Financial insight inside. - Page 151 - Football related - Discussion of non TA football - Tartan Army Message Board Jump to content

Rangers are Rocking; Scottys Financial insight inside.


Speirs  

64 members have voted

  1. 1. Was Speirs talking the truth or lying

    • Yes
      54
    • No
      10

This poll is closed to new votes


Recommended Posts

People seem to be overlooking a lot of stuff that has been stated publicly many times. First of all it's not £10M, it's £5M. The latest loan from Ashley was 2 tranches of £5M and the second one hasn't been drawn down yet, although it wouldn't come as any surprise if Llambias and Leech did that within the next couple of days to strengthen Ashley's position. At the moment though it's "only" £5M.

King has also stated many times that the reason he was reluctant to put money up previously was because he didn't want to line the pockets of the outgoing board and shareholders like Green, Ahmed, Stockbridge etc who had already siphoned so much cash out of the club. He has stated his intentions to invest significantly and to hold another share issue for short term funding. While the recent share issues weren't particularly well received I think with a more reliable and trustworthy board in place (stop it) as well as a solid business plan we'll see better results this time round.

Lastly, don't forget about Park, Letham and Taylor. They offered up £6M previously when the board said they only needed £5M only to be gazumped by Ashley offering £10M. They stated at the time that given the opportunity they would have matched Ashley's offer but the board never went back to them. As far as I am aware the initial offer of £6M has never been withdrawn and it wouldn't surprise me if they come in to the fold and provide funding in return for a place on the board.

Fair enough Fairbairn. But these guys will all want something for that money. They will also want their money back. How does the club that is so in debt and so strangled by the leeches bleeding it dry ever pay that back. On ashleys deal something like 90p in the pound on merchandising goes out the door.

Lets not forget the club is still losing money every month, has zero credit line, has major stadium maintenance problems to factor in and a squad of players many of whom might be dumped this summer but many others who have contracts which run on.

On top of all that a support, many of whom will expect to see their team competing with celtic at the top of the league pretty soon. As I say, King may be preferable but I think a lot of your problems may only have just begun unfortunately.

Link to comment
Share on other sites

Fair enough Fairbairn. But these guys will all want something for that money. They will also want their money back. How does the club that is so in debt and so strangled by the leeches bleeding it dry ever pay that back. On ashleys deal something like 90p in the pound on merchandising goes out the door.

Lets not forget the club is still losing money every month, has zero credit line, has major stadium maintenance problems to factor in and a squad of players many of whom might be dumped this summer but many others who have contracts which run on.

On top of all that a support, many of whom will expect to see their team competing with celtic at the top of the league pretty soon. As I say, King may be preferable but I think a lot of your problems may only have just begun unfortunately.

I don't think anyone expects King to rock up Edmiston Drive and for us to be hearing the Champion's League music shortly after. We know there is a helluva lot of work to be done from here on. However come Friday afternoon we'll be in a damn site better position than we are right now.

Link to comment
Share on other sites

Looks like some light at the end of the tunnel.

My mates are decent bears & as much as I've enjoyed the last few years, we often talk about what it used to be like when both teams were good. It seems an age ago when we all used to meet up for games!

What's the consensus on the manager? I was saying it's more important they spend time getting the right person in for the long haul, even if it means staying in the Championship for another year. My mates still reckon it's imperative they are promoted this season.

Kenny McD obviously isn't the way forward & surely reinstating McCoist isn't an option. Can they afford a third salary / is someone like McCall really the best they could get?

Link to comment
Share on other sites

Looks like some light at the end of the tunnel.

My mates are decent bears & as much as I've enjoyed the last few years, we often talk about what it used to be like when both teams were good. It seems an age ago when we all used to meet up for games!

What's the consensus on the manager? I was saying it's more important they spend time getting the right person in for the long haul, even if it means staying in the Championship for another year. My mates still reckon it's imperative they are promoted this season.

Kenny McD obviously isn't the way forward & surely reinstating McCoist isn't an option. Can they afford a third salary / is someone like McCall really the best they could get?

What are the chances of Ally giving up what he's due once the board changes?

Link to comment
Share on other sites

Looks like some light at the end of the tunnel.

My mates are decent bears & as much as I've enjoyed the last few years, we often talk about what it used to be like when both teams were good. It seems an age ago when we all used to meet up for games!

What's the consensus on the manager? I was saying it's more important they spend time getting the right person in for the long haul, even if it means staying in the Championship for another year. My mates still reckon it's imperative they are promoted this season.

Kenny McD obviously isn't the way forward & surely reinstating McCoist isn't an option. Can they afford a third salary / is someone like McCall really the best they could get?

For me getting the right management team in is the most important decision the club will make. I'd rather we spent (the equivalent of) top dollar on getting the best possible person we can get and sacrifice some of the playing budget. We need someone who can not only get the best out the current playing staff, but develop youth and identify talent from other areas. If Stuart McCall, Terry Butcher or similar is our new manager I'll be disgusted. The only one of that ilk I'd accept would be Billy Davies and that's only because I've got a score on him at 10s!!

Link to comment
Share on other sites

Looks like some light at the end of the tunnel.

My mates are decent bears & as much as I've enjoyed the last few years, we often talk about what it used to be like when both teams were good. It seems an age ago when we all used to meet up for games!

What's the consensus on the manager? I was saying it's more important they spend time getting the right person in for the long haul, even if it means staying in the Championship for another year. My mates still reckon it's imperative they are promoted this season.

Kenny McD obviously isn't the way forward & surely reinstating McCoist isn't an option. Can they afford a third salary / is someone like McCall really the best they could get?

I was doing the very thing at the weekend. Have to say I don't mind the gloating, I still get a text every 14th February with 'Happy Anniversary' from a few of the lads. It's part of the carry on and I would be the same. End of the day we brought this on ourselves so no point crying about it.

Anyway getting the right person in for the long haul is THE most important thing here. If that meant the Championship I would accept it. I understand other Bears saying we must get back to the Prem but for me it could be counter productive.

I'm with Fairbairn, McCall/Butcher/Davis would be a very lazy and unimaginative appointment IMO.

Link to comment
Share on other sites

For me getting the right management team in is the most important decision the club will make. I'd rather we spent (the equivalent of) top dollar on getting the best possible person we can get and sacrifice some of the playing budget. We need someone who can not only get the best out the current playing staff, but develop youth and identify talent from other areas. If Stuart McCall, Terry Butcher or similar is our new manager I'll be disgusted. The only one of that ilk I'd accept would be Billy Davies and that's only because I've got a score on him at 10s!!

That's my thoughts.

Do you reckon the rank & file are prepared for some tough times to get it right? I know you're realistic when it comes to this being a long term fix, but it's such an alien concept in Scottish fitba (especially to the Old Firm fans).

Link to comment
Share on other sites

That's my thoughts.

Do you reckon the rank & file are prepared for some tough times to get it right? I know you're realistic when it comes to this being a long term fix, but it's such an alien concept in Scottish fitba (especially to the Old Firm fans).

No, in a nut shell. If we get back to the Prem, there will still be a huge number thinking we can and should be winning the league. This IMO would add pressure to a new board and management team, which in turn could lead to more ridiculous spending, especially if there are full houses again, which isn't unrealistic. A year in the Championship would perhaps remove that extra element of pressure and allow us to at least try and build something.

Bloody hell, see wehn you say it like that, you start to realise how fecking far away we are from properly competing again.The playing staff is in a shambolic state.

Link to comment
Share on other sites

The word is that Magath will be coming in for the short term, and trying to install a backroom setup along with scouting before heading upstairs as DoF until the Summer, when Cathro will come in as First Team Coach....

It's bold, and imaginative.

Link to comment
Share on other sites

The word is that Magath will be coming in for the short term, and trying to install a backroom setup along with scouting before heading upstairs as DoF until the Summer, when Cathro will come in as First Team Coach....

It's bold, and imaginative.

Word from who?

I know there will be rumours surrounding him, given his share involvement, but that's the first I've heard that one.

Link to comment
Share on other sites

The word is that Magath will be coming in for the short term, and trying to install a backroom setup along with scouting before heading upstairs as DoF until the Summer, when Cathro will come in as First Team Coach....

It's bold, and imaginative.

Cathro as director of football and coach would be ideal. Someone else could pick the team and handle match days. We need Rangers to be producing players for the national team on a regular basis.

Link to comment
Share on other sites

Cathro as director of football and coach would be ideal. Someone else could pick the team and handle match days. We need Rangers to be producing players for the national team on a regular basis.

I'd settle for us just producing players and giving them a chance! Right now I don't care if they make it into the Scotland team, just abalone as we stop paying over the hill diddies big money.
Link to comment
Share on other sites

I'd settle for us just producing players and giving them a chance! Right now I don't care if they make it into the Scotland team, just abalone as we stop paying over the hill diddies big money.

Agree with this although would be nice to think of that as some sort of end game.

We have produced more players for the national side than anyone else. I think that is still the case. I'd like us to add to that at some stage.

Link to comment
Share on other sites

Am I missing something here are Rangers fans actually thinking that having King in control is a good thing? :unsure:

Not necessarily good but better than the current bunch of corporate clowns.

The rise of supporters groups share ownership is the most important aspect. This must keep increasing to ensure good boardroom behaviour.

Link to comment
Share on other sites

Am I missing something here are Rangers fans actually thinking that having King in control is a good thing? :unsure:

Yep and once again the media are playing along. Surely can't be worse than the whyte fiasco but I can't see it as all that good either.

Link to comment
Share on other sites

To get rid of Ashley they are probably going to have to find close on £20 million what with the loans and commercial deal.Is it feasible they can do this given the huge outlay needed on the team and club? Otherwise, if they decide to hold fire on paying him off he can immediately appoint two board members while strangling cash flow through his retail deal.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...