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Big Rangers Administration/Liquidation Thread - All chat here!


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Now why would the 1st division want to let Rangers into the league?! At this rate they will have no players left, do they seriously think they will earn a lot of money from Newco?

RFC fans have made it clear they want blood.

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Celtic fans had a meeting this afternoon,and have voted to boycott all teams who vote yes,whether they vote goes through or not.

Celtic Supporters Unite Against Newco!

I hope Celtic are the only yes vote.

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Celtic fans had a meeting this afternoon,and have voted to boycott all teams who vote yes,whether the vote goes through or not.

Celtic Supporters Unite Against Newco!

North American Association of Celtic Supporters

WTF, are they not a basket ball team?

BTW, f**k the other cheek as well, same as in'it

Edited by DuntoiRab
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:lol::D:D:D:D

You seem to have a lot of issues with this Hector. What exactly do you think is wrong in the document?

OTENTIAL IMPLICATIONS ON REVENUE – NEWCO DOES NOT RE-ENTER SPL1. SPL distribution

Last year this sum was approximately £1.56m or 36% of our total income. The main risk to this income comes from the existing or pending sponsor/TV contracts that themselves allow SKY SPORTS and other commercial partners to review in the event of the absence of Rangers or Celtic.

Depending on the assumptions made this could mean a loss of income of around £600k. This is our best estimate however there are risks around this number dependent on negotiations with broadcast partners.

2. Gate Income

Last year our cash income from gate receipts was £1.64m comprising £670k season tickets, £970k fans pay at gate. Of the pay at the gate cash income Rangers represented £300k or 31% while Celtic represented £285k or 29% while the other 9 SPL clubs totalled £300k or 31% of cash income (an average of £26k per game)

The potential predictable loss of income from no NEWCO is around £275K (Rangers income minus average SPL other). In addition to this we would expect our commercial revenues from hospitality and sponsorship to reduce but the potential here is unknown. Our best estimate is that hospitality would be reduced by £40k.

We do not anticipate a loss of other gate receipts under this scenario indeed it is possible that we may see a modest rise in attendance (which we do hope to encourage in any event) if we are successful in our marketing initiatives and the fans of all clubs, but especially our own – improve support in the face of the challenges this scenario provides.

3. Sponsor Income

It is difficult to assess this impact which last year comprised around £275k of cash income (advertising and sponsorship). While the loss of the Rangers fan base will be a negative to any commercial contract we have to balance that with the upside of European competition and, other things being equal, the marginal relative increase in our ability to compete successfully in all competitions.

4. Player Trading

We do not anticipate that this scenario has a net impact comparatively but do note that all clubs look likely to be reducing their headcount and costs in the coming year which could have a negative market impact. That said it places a premium on the best talent.

POTENTIAL IMPLICATIONS ON REVENUE – NEWCO ENTERS SPL

1. SPL distribution

Last year this sum was approximately £1.56m or 36% of our total income. We do not anticipate a risk to this sum in the event of NEWCO re-entering the SPL.

2. Gate Income

Last year our cash income from gate receipts was £1.64m comprising £670k season tickets, £970k fans pay at gate. Of the pay at the gate cash income Rangers represented £300k or 31% while Celtic represented £285k or 29% while the other 9 SPL clubs totalled £300k or 31% of cash income (an average of £26k per game)

While we do not anticipate a loss of gate receipts from NEWCO fans under this scenario it is very possible that we see a significant loss of income from fans of other clubs and our own depending on the general view of the ‘integrity’ of the game. This is impossible to judge at this stage but the numbers above give us the chance to draw our own conclusions.

3. Sponsor Income

It is difficult to assess this impact which last year comprised around £275k of cash income (advertising and sponsorship). Again the risks in this scenario seem balanced.

4. Player Trading

We do not anticipate that this scenario has a net impact comparatively but do note that all clubs look likely to be reducing their headcount and costs in the coming year which could have a negative market impact. That said it places a premium on the best talent.

Conclusions

The information above is written as objectively as possible given the uncertainty we face in making this decision. The Board is of the view that whatever decision is made on the NEWCO vote by the SPL clubs, the financial position of Motherwell Football Club will suffer. On a purely financial basis, a “Yes” vote would likely preserve commercial revenues, however the impact on gate receipts is unclear. The risks presented by a “No” vote are slightly easier to quantify insofar as gate receipts are concerned, but even then are extremely uncertain given we do not yet know what the SPL commercial partners will decide.

There are clear risks to the financial stability and very future of this Club presented by the current situation.

In the event of serious financial difficulty, the Board will have to look to the members, shareholders and supporters to further step up their support for the club and the Well Society. This is likely to be in the form of increased prices, higher attendances and further Society memberships and contributions.

The potential target for this we estimate should be at least a doubling of the existing sum raised by the Society of £320k cash in the bank with a total of £368k pledged. It should be noted that these events also mean that these sums may be required to ensure the Club can continue to trade in the transition and not to meet our strategic goal of generating a £1.5m strategic reserve which we will require to generate over and above the sums required to trade through any transition.

It is clear that if we are unable to replace significant amounts of income lost under either scenario, the club could be facing an insolvency event. Following new rules recently introduced at SPL, this would lead to a 21 point deduction, being one third of last year’s total. Whilst other clubs could also be in the same position, their points deduction would be lower.

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I would pish myself laughing if Celtic voted yes.

If Celtic vote yes then Celtic Park will look about as busy as Ibrox will this season. Unlike our late friends across town, we have taken action against our own club before, when it was going down a foolish path.

They won't do so, as it doesn't make any sense to do so.

Edited by deerokus
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North American Association of Celtic Supporters

WTF, are they not a basket ball team?

BTW, f**k the other cheek as well, same as in'it

Kilmarnock are in major debt and if they vote yes as indicated by your Chairman will lose revenue with Celtic fans not visiting your ground.

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Celtic fans had a meeting this afternoon,and have voted to boycott all teams who vote yes,whether the vote goes through or not.

Celtic Supporters Unite Against Newco!

Load of pish.

I won't be boycotting any club that votes yes, You can't always blame the fans for the chairmans decision. Look at Kilmarnock for example, they have made it clear they dont want Sevco5088 to be parachuted into the SPL

Sadly, MJ thinks otherwise as all he can see is the ££££

I can guarantee no boycott will take place at all.

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If Celtic vote yes then Celtic Park will look about as busy as Ibrox will this season. Unlike our late friends across town, we have taken action against our own club before, when it was going down a foolish path.They won't do so, as it doesn't make any sense to do so.

Roughly translated this means "when they weren't winning".

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Invalid I believe. 90% spoiled papers because they couldn't manage they unable to tick a box correctly. :P

Why doesn't babelfish have a gibberish->English option?

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Surely someone has asked before but I cannot be bothered searching.

Is this going to be the new order of things for Newco SPL teams?

Are any other SPL teams seeing this and thinking its worth the hit for a year and maybe a wee adventure before returning to the SPL debt free?

Hibs had massive crowds in the 1st and it never did Dundee Utd any harm either.

The authorities here are not doing enough to put off chairmen from considering pulling a fast 1, a lot like the pathetic 10 point penalty for administration we had.

Any chairman voting this ridiculous Newco in the 1st division scenario (FFC included) will be seen as a greedy b*****d who puts cash before integrity.

The SFL have so much leverage here it is a once in a lifetime opportunity to effectively blackmail the SPL no matter what league they throw Rangers in.

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