Follow Follow Rangers. Season 2023/24

[Trackdaybob]

Salary deferral

 

[DiegoDiego]

Am I understanding that correctly? They're getting thirty or so folk on huge wages to forego 100% of their cash so Sevco can pay 20% of the salary of another few dozen on near enough living wage?

They're making a massive saving there.

[Guest Moomintroll]

Am I understanding that correctly? They're getting thirty or so folk on huge wages to forego 100% of their cash so Sevco can pay 20% of the salary of another few dozen on near enough living wage?

They're making a massive saving there.

It's a deferral so will get paid at some point in the future, that Season Ticket cash is going to be doing some seriously heavy lifting.

[alta-pete]

6 minutes ago, DiegoDiego said:

Am I understanding that correctly? They're getting thirty or so folk on huge wages to forego 100% of their cash so Sevco can pay 20% of the salary of another few dozen on near enough living wage?

They're making a massive saving there.

I’m not seeing a massive issue or moral dilemma with that?

Better that than compared with the various EPL clubs paying players 100% and furloughing the back room staff on 80% surely? 

[KnightswoodBear]

Sevcovid. 

[TheLad]

Am I understanding that correctly? They're getting thirty or so folk on huge wages to forego 100% of their cash so Sevco can pay 20% of the salary of another few dozen on near enough living wage?

They're making a massive saving there.

Their saving is on the 80% of the 'other' staff wages.
The big boys are getting their 100% salaries paid later.

Although since Rangers financial planning seems to have been on a month to month basis for a number of years now, they might see this as a big win.

[DiegoDiego]

Ah, sorry. I didn't read it properly and didn't notice it was a deferral. Still a fair saving they're making.

I’m not seeing a massive issue or moral dilemma with that?
Better that than compared with the various EPL clubs paying players 100% and furloughing the back room staff on 80% surely? 

I wasn't implying there was anything shifty or immoral. It just seems to be a very good opportunity for them to massively slash their operating costs and frame it as helping the less well off rather than the balancing of the books that it really is.

[kingjoey]

1 hour ago, bennett said:

Surprised it took so long.

 

Rangers can confirm that First Team players, Manager, coaches and Executive Directors have volunteered to take a salary deferral for the next three months. Senior players and staff were keen to ensure that no Rangers employee suffered financial hardship during this crisis.

All parties volunteered and wholeheartedly agreed to defer wages to ensure that fellow colleagues could continue to be paid their salaries in full. We are proud of the leadership and responsibility taken by senior members of staff, and acknowledge the positive impact that this will have on everyone at Rangers. We firmly believe in the ‘one club’ concept and are united in our collective goal of making Rangers the very best in every facet of football life. We are resolved that the integrity of the club is maintained as we continue our focus on ensuring the financial stability of the business.

Due to the extraordinary challenges from the ongoing crisis, Rangers intends to implement the Coronavirus job retention scheme for a number of employees.

Rangers will ensure that everyone furloughed under this government scheme will receive 100 per cent salary through ‘top up’ assistance from the club with all other conditions and benefits remaining unchanged

 

This lacks the class of other clubs who are not putting non football staff on furlough.

[naegoodinthedark]

Sevco using the great British taxpayer to cover salaries is epic level banter.
Very surprised at the lack of heads gone from the usual in here.

[red23]

 

Was talking about Fred Elliot on another part of the forum...........and realised he looks like you're typical sevco bigot.

 

 

"The Cry was no surrender WATP......1690, we didn't' go bust in 2011 it was caused by the other clubs, i'll be dead by 50 cause im not educated enough to know how to look after my body , hawl am wantin 3 chip butty wie eggs bacon and sausages oan it bigman etc etc"

Edited April 7, 2020 by red23

[KnightswoodBear]

[Romeo]

On 06/04/2020 at 21:16, DiegoDiego said:

Am I understanding that correctly? They're getting thirty or so folk on huge wages to forego 100% of their cash so Sevco can pay 20% of the salary of another few dozen on near enough living wage?

They're making a massive saving there.

They don't have the money to do anything else.

They'd be fucked otherwise.

[Daydream]

Ferris portraying by way of facial movements the thinking of semi-sensible **** when thinking of the Born To Reign Over Us banner.

[bennett]

The Sevco/ers aren't handling the lockdown well,  ranting about an ex coronation street actor and Sevco at 1am isn't a good sign.

[RandomGuy.]

On 06/04/2020 at 22:00, DiegoDiego said:

I wasn't implying there was anything shifty or immoral. It just seems to be a very good opportunity for them to massively slash their operating costs and frame it as helping the less well off rather than the balancing of the books that it really is.

How many Rangers players do you think earn less than £2,500 a month?

As anything above wont see them getting 80% of wages from the government.

Deferring wages for players is their best option to save money, until prize money/season ticket money comes in.

Their only issue would be if no money comes in before the deferred wages are due, which is massively unlikely.

[Public menace]

Rangers owing people money..... what could possibly go wrong??

[The DA]

Statement o'clock.  https://rangers.co.uk/news/headlines/club-statement-93/

Best comment I've seen so far...

 

[Sheep62]

https://rangers.co.uk/news/headlines/club-statement-93/

 

Fair play to The Gers.

Only doing it for the good of others 

CONSIDERING the current circumstances and increased speculation surrounding the ongoing impact of the Coronavirus pandemic on Scottish football, we felt it is incumbent that we provide clarity in relation to our position.

For the avoidance of doubt, Rangers firmly believe that the 2019/20 season is only complete when all 38 games have been played to a finish.

Nevertheless, we are conscious of the ongoing financial hardships faced by many clubs within the Scottish game. No business is immune from the impact of Coronavirus and we were proud of our players and senior staff’s voluntary decision to defer their wages to ensure job security for their colleagues at Ibrox. Furthermore, many clubs urgently require financial support to maintain cash flow and allow them to survive this current impasse so they can return to normal business when the current government lockdown is relaxed. It is important to recognise that these clubs across all the leagues are now in a financially precarious situation.

As a club, Rangers will immediately propose a member’s resolution which would release prize money to be distributed to all clubs throughout Scotland urgently. We believe that this is the priority in the present circumstances. It is vital to show respect for all clubs across the Scottish game, regardless of league position or financial standing. We must work together with a unity of purpose for the betterment of the Scottish game.

We are also acutely aware of other issues which are less pressing but, are forming key parts of the football narrative in Scotland. Nothing is more important than protecting the future of every club in Scotland as we are cognisant that this has a direct impact upon people’s livelihoods. It is abhorrent that certain clubs could be unfairly relegated if the current SPFL proposals were implemented. We must future proof the Scottish game.

Any restructure of the SPFL or other solutions to the current impasse must be afforded time to scrutinise in detail and consider all options. The consequences of forcing through change without due care and attention will have severe consequences for the Scottish game.

Scottish football must work together for the common good of every club, their staff and supporters. Any attempts to railroad changes to existing rules or run roughshod over corporate governance will be opposed in the strongest possible terms. We must allow decisions to be made in a rational, fair and balanced manner.

In the meantime, we expect clubs to support our member’s resolution which will provide financial support to those who need it most.

[DukDukGoose]

"Please give us money".

[Thistle_do_nicely]

Preferred concomitant over cognisant, tbh