shull Posted June 2, 2015 Share Posted June 2, 2015 Retractable fans. That made me leak. Lol 0 Quote Link to comment Share on other sites More sharing options...
Macshimmy Posted June 2, 2015 Share Posted June 2, 2015 2nd in Premiership vs. 3rd in Championship. Europa League vs. Petrofac Cup. Whole squad of good players tied down on long-term deals vs. a few over-paid has-beens. But he's a pyoor Raynjurs man byraway The transfer thread on Rangers media makes pretty jaw-dropping reading. Suggestions so far include: Jonny Evans, Ikechi Anya, Vladimir Weiss and Nikica Jelavic - although they'll take Stevie May as a second-string striker. Also Josh Meekings, but I assume that one was just somebody having a laugh 0 Quote Link to comment Share on other sites More sharing options...
Jim McLean's Ghost Posted June 2, 2015 Share Posted June 2, 2015 It is crazy when you look at the results, but 26% of turnover is one of the lowest player to turnover figures around, should be completely manageable, time will tell if the new board are able to reduce the more wasteful cost bases that they inherited. Shouldn't you be more worried about where the other 74% of the money is going. For almost all clubs the largest cost is player wages because that is the primary function of the operation, to employ a team of footballers. Where is the other £19m being spent. 0 Quote Link to comment Share on other sites More sharing options...
sugna Posted June 2, 2015 Share Posted June 2, 2015 It is crazy when you look at the results, but 26% of turnover is one of the lowest player to turnover figures around, should be completely manageable, time will tell if the new board are able to reduce the more wasteful cost bases that they inherited. I see this line of argument a lot, and I think there's some merit in it. However: 1. It only really makes sense when you have a net surplus (otherwise it's a bit mad to say that one source of the over-spend is manageable - as though those pounds aren't really costing as much); and 2. It seems a completely arbitrary figure of merit, "we can afford percentage X of amount Y, because X is a low number [although X% of Y is a lot of money]". A more realistic industry-specific figure might be, for example, the ratio of own footballing budget to mean or max footballing budget from the other teams in your division. That's what indicates how much you should, perhaps, be allocating to that side in order to be competitive and for your club to remain solvent. For many clubs, those are important considerations. So, for example, Alloa may have allocated a footballing budget of around £200k against a divisional maximum of around £6.5m, and so may be running at about 3% of "max of other teams"; in contrast, the highest spending club may have to be competitive and spend at something as ridiculous as 110% of the "next spendiest" club. I'm not saying that Rangers did actually overspend by a full 10% above their closest rivals, because that might imply that they don't want a level playing field and are trying to buy their way out of the posiiton they find themselves in due to their forebears' financial profligacy. Just out of interest, what might that supposed 10% sporting advantage difference actually be? Still, at the end of the day £200k/£6.5m was enough to get to a play-off final and to remain in the Championship for 2015-16, so maybe the governance isn't so different at the two clubs. 0 Quote Link to comment Share on other sites More sharing options...
sugna Posted June 2, 2015 Share Posted June 2, 2015 Shouldn't you be more worried about where the other 74% of the money is going. For almost all clubs the largest cost is player wages because that is the primary function of the operation, to employ a team of footballers. Where is the other £19m being spent. Maybe this is what I was trying to say. The footballing budget is palpably excessive for the divison they're playing in: the fact that there are other, more ridiculous, expenditure items is anything but a reason to excuse the footballing budget; in fact, each of those non-footballing pounds puts pressure on the footballing pounds. Looking at it another way... A rough calculation (say 20k @ £400) indicates that the ST sales will be very unlikely to bring the balance (including loans) back into the black, might be talking a little under £10m sales (but who knows?) to cover current loans, plus spend to end of ST main sales period. That means that there is a whole season to cover with no money at all to cover it from the beginning. It's not like previous seasons - not even like this season - where the tanks are loaded and the burn-rate empties them. This time the engine is on fumes from the pre-season. So every pound on footballing budget (or any other budget) is a pound that is simply not available. Not "affordable", not "manageable"... not there. It seems on that basis as though an extra £20m or so will be required to complete season 2015-16, assuming some austerity measures are put in place as L&L were trying to do. Where can that come from? No institutional investor could look at it (and it's fairly clear that the AIM/NOMAD problem was with 12 months of funding, in any case, so such investment would always have been very unlikely). Then it comes down to: The fans The Rangers Men Some sort of controlled(?) insolvency power play. If King knows what he's doing, it will be 3 (with 1 then 2 as back-up). If he doesn't, then 1 is the only show in town. 0 Quote Link to comment Share on other sites More sharing options...
Thumper Posted June 2, 2015 Share Posted June 2, 2015 The new board stated plan is now to build a team to compete in a higher division, not the one they find themselves playing in, time will tell if they are willing to fund the funding gap that this will require. This is fucking amazing. how does that differ from the previous plan? Sevcos are like goldfish with severe Alzheimer's. 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted June 2, 2015 Share Posted June 2, 2015 Ok now I agree with you, however; The footballing budget is well down the list of the reasons why Rangers have been struggling financially, which is the point I and Jim made. The new board stated plan is now to build a team to compete in a higher division, not the one they find themselves playing in, time will tell if they are willing to fund the funding gap that this will require. How many squillions have been gone through 'funding the funding gaps' in the last 3 years? And on the same theme how many squillions were gone through 'funding the funding gaps' during the moonbeams era of the previous club known as Rangers? How about producing a business plan based on REALISTIC projections of actual and projected income? 'Mind the (funding) gap' 0 Quote Link to comment Share on other sites More sharing options...
micaley68 Posted June 2, 2015 Share Posted June 2, 2015 The transfer thread on Rangers media makes pretty jaw-dropping reading. Suggestions so far include: Jonny Evans, Ikechi Anya, Vladimir Weiss and Nikica Jelavic - although they'll take Stevie May as a second-string striker. Also Josh Meekings, but I assume that one was just somebody having a laugh To be fair Josh would be a great signing for them if they are looking at getting shot off Cammy Bell?? 0 Quote Link to comment Share on other sites More sharing options...
Drew Brees Posted June 2, 2015 Share Posted June 2, 2015 (edited) "Same old Alloa, always cheating" https://twitter.com/talkingbaws/status/577973481008152576 Edited June 2, 2015 by Drew Brees -1 Quote Link to comment Share on other sites More sharing options...
Podlie Posted June 2, 2015 Share Posted June 2, 2015 How many squillions have been gone through 'funding the funding gaps' in the last 3 years? And on the same theme how many squillions were gone through 'funding the funding gaps' during the moonbeams era of the previous club known as Rangers? How about producing a business plan based on REALISTIC projections of actual and projected income? 'Mind the (funding) gap' Heavy on the rhetoric light on detail: Chairman's Statement • 2022 vision • Fan representation remains a key part of the forward strategy • Rebuild a modern football Club based on the traditional values and traditions of Rangers Football Club When I resolved to do everything within my power to make sure the correct people would regain control of Rangers I had no idea how long it would take. I just knew that this fantastic Club and its history had to be protected and even in those moments when it felt as though the fates themselves were conspiring against our efforts, there were no thoughts of retreat. Rangers and the task of setting the Club back on the correct path were too important but I must say I never imagined I would become Chairman of one of our country's great institutions. I may be in the Chair only in the interim but the honour is no less great. Sadly, those who have held this post in recent times have failed to recognise the profound significance of being Chairman of Rangers but there is no possibility of the new Board ever under-valuing Rangers' position. The new Directors have been in place only a matter of weeks but have already started to repair the damage caused through recent years of neglect and disrespect for this Club, its people and its history. The mismanagement of the Club in recent years has been simply staggering. The new Board is well advanced on funding plans, especially short to medium term which will ensure the Club has a firm foundation from which to drive on into the future. We have moved quickly to secure the short term funding position by agreeing a £1.5m unsecured interest-free loan from key shareholders. In the very near future we will present a medium - long term funding plan for the Club. This funding will be provided by existing and new investors who now want to invest in the Club. Thereafter, the Club must quickly become self-sustaining and absolutely free from the kind of funding crises which have plagued Rangers in recent years. As the Interim Accounts prove, the new Board has inherited major problems but while campaigning for change we all knew the Club would be in need of major restructuring and repair on all fronts. We can and we will return this Club to a strong and profitable footing through strategic planning, investment and re-engagement with all of our stakeholders. Too many of them have been lost or disenfranchised because of successive failings by a series of Directors over the last four years in particular. But they are gone now and this is a new era for this great and special Club which must be regenerated, not only for its own good but for the greater good of Scottish football. With the fans returning to support the Club we believe that there is significant potential to grow our commercial income. Let's never forget just how important Rangers is to the domestic game. This Club's fans have filled the grounds of many smaller clubs throughout the country and given them income to improve their own facilities. Many of these other clubs have expressed their gratitude but we must also thank them for the warmth of their welcome. We won't forget that. Neither will we forget that Rangers' fans are the Club's most significant stakeholder and they must never again be taken for granted or treated with contempt. They have demonstrated the depth of feeling and belief in their Club and having played such a crucial part in achieving boardroom change it would be wrong, never mind foolish, to ignore them now. So I would like to take this opportunity to reinforce the new Board's commitment to them. They will have full and meaningful boardroom representation and their voice will be heard. Of course a large number of others also helped in the struggle to achieve change and they, too, have our gratitude but the supporters are the real heroes. Without them nothing would have changed and there would have been no way of recovery from the set of figures in this report. However, that is not to say the Club cannot begin to thrive again. Of course it can. We have access to significant new funding and with intelligent investment at Murray Park and at Ibrox we can all be confident of a bright future for this remarkable Club. It is clear to everyone what can be achieved when there is a strong connection between the Club's Directors and the support and this is a link which we must ensure remains strong. So the simple truth is Rangers needs every fan to invest in the future. It is only by remaining united that we will begin to prosper and regain our traditional standing in Scotland's top flight as well as re-entering the European arenas. This is what we, the Board, are working towards but achieving this will be impossible if our fans do not buy into that vision. Buying season books and match-day tickets is not just about today, it is also very much about where we want to be in a year, five years, ten years and beyond. The Board is working towards a plan which sees Rangers at the top and every single one of us has to buy into that vision. New Board members and the highly-skilled individuals required to get the Club functioning at optimum levels in the various departments are being considered and they will help find the correct balance between football, commercial, financial and fan engagement. The vision I mentioned earlier is to focus on the next seven years so that by 2022, the Club's 150th anniversary and the 50th anniversary of Barcelona we, Rangers, will be back at the very top. This means that over the next few years the finance we are putting in place now will provide the infrastructure and personnel at Murray Park to make sure Rangers are competing and winning in Scotland's top flight as well as stepping back into the European arenas again. Then for the three or four years after that all our efforts will be directed towards making Rangers stronger and European regulars as our 150th year approaches. That year should be one of celebration. It is not unreasonable to expect this because Rangers have been there before so the message is that by purchasing a new season ticket you are investing in Rangers' future. Winning the boardroom back was Part One of the recovery and now we face Part Two. A massive rebuild is required at every level and in every department of this huge Club of ours and we cannot and will not shy away from those tasks. Together we will regenerate every aspect of the Club and make certain Rangers will be a force again on and off the field of play. After years of mismanagement we need patience and support. We must never forget what has happened to our Club in the last four years. The new board will ensure that it never happens again. Although we are looking to the future we will also examine and act upon any evidence of past impropriety by former Directors and executives. We are all aware of the problems on the field but I would like to offer my thanks to Ally McCoist and Kenny McDowall who did all they could to give Rangers a winning team and we should take into consideration the difficulties they both faced. They had to operate against a backdrop of constant boardroom upheaval and turmoil. No one felt secure and the life was being sucked out of Ibrox and Murray Park. We have brought in Stuart McCall as Interim Manager to help get the team into the Premiership and although he faces a difficult task we believe he will do it. Stuart jumped at the challenge without fear or hesitation and that tells us a lot about the calibre of the man but even so, we cannot rush into making a final decision on the permanent position because the success of everything we are planning behind the scenes will depend almost entirely on the team's ability to compete at the very top. Only 13 men have held the position of Rangers Manager so we have a duty to take whatever time is necessary to find the right man. We would expect Stuart to be a strong candidate in that process. We will also find the right people to restructure player development and unearth talent in all corners of the football world. Sufficient amounts of money will be set aside for this vital purpose but everything we do will be to help make Rangers a premium brand again and to shape the vision. We will ensure that particular emphasis is placed on player identification and development. For too long this has been neglected at the Club. Our vision is to build a football club fit for the 21st Century but one that is founded on the traditional values and traditions of Rangers which we all hold dear. No matter what functions we perform within the Club all of us must believe in this vision and already the new Directors are engaging with staff to spread the message we are in this together. Together we are the Rangers Family and we will face our challenges and celebrate our successes together. Our focus must be on doing everything necessary to guarantee an exciting, vibrant and much more successful future and we will also be working towards creating better working relationships with all our commercial partners, including Sports Direct. We are in the process of engaging with them because they are a large shareholder as well as being our key commercial partner. Finally, I would also like to thank the staff for their efforts and commitment in difficult times when various individuals and Directors seemed to come and go without any obvious long-term strategy. The views of staff and their contributions will be recognised and appreciated by this new Board. Remember, this is our Club, we have taken ownership of it and with our 2022 vision we will not fail. Paul Murray Interim Chairman 30 March 2015 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted June 2, 2015 Share Posted June 2, 2015 Ok now I agree with you, however; The footballing budget is well down the list of the reasons why Rangers have been struggling financially, which is the point I and Jim made. The new board stated plan is now to build a team to compete in a higher division, not the one they find themselves playing in, time will tell if they are willing to fund the funding gap that this will require. Will rangers fans back the good guys with another share issue? Especially when Davy got in mainly on his £30/20/5 million investment promise! 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted June 2, 2015 Share Posted June 2, 2015 Btw have they found a non bigot to replace Chris Graham as the fans rep yet? 0 Quote Link to comment Share on other sites More sharing options...
Drew Brees Posted June 2, 2015 Share Posted June 2, 2015 (edited) Heavy on the rhetoric light on detail: Chairman's Statement • 2022 vision • Fan representation remains a key part of the forward strategy • Rebuild a modern football Club based on the traditional values and traditions of Rangers Football Club Blah Blah Blah.... Remember, this is our Club, we have taken ownership of it and with our 2022 vision we will not fail. Paul Murray Interim Chairman 30 March 2015 Whats happening in 2022? Edited June 2, 2015 by Drew Brees -1 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted June 2, 2015 Share Posted June 2, 2015 Whats happening in 2022? Armageddon!!!!!! 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted June 2, 2015 Share Posted June 2, 2015 Values and traditions. Don't forget those. 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted June 2, 2015 Share Posted June 2, 2015 Does a football club need to have "values and traditions" other than just representing the area and local population? 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted June 2, 2015 Share Posted June 2, 2015 Does a football club need to have "values and traditions" other than just representing the area and local population? If you need to dog whistle bigoted cretins in your support, then I'm afraid yes you do. 0 Quote Link to comment Share on other sites More sharing options...
PELE Posted June 2, 2015 Share Posted June 2, 2015 Whats happening in 2022? That's when they plan to join the English league. 0 Quote Link to comment Share on other sites More sharing options...
shull Posted June 2, 2015 Share Posted June 2, 2015 The Famous Newcunto F. C. Rab No Surrender tae hate crimes. Lol My Cab accepts aw pounds especially blue yins. 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted June 2, 2015 Share Posted June 2, 2015 New breeks for the 2015/16 season then, Shull? 0 Quote Link to comment Share on other sites More sharing options...
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