Rangers Banter Archive February 24 2014

 

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24 Feb 2014 22:18:47
up til xmas the aount of bears complaing about ally was atrickle but over the last while its turned into a torrent everyone can't be wrong so please ally take heed

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The problem we have is that several staff[including players] are on lucrative contracts that cannot be justified.
Mr Wallace could remove them, but would have to satisfy the remaining terms of their contracts and in some cases the positions would still need to be filled. The costs associated with these actions make it a no go situation.
In most cases, no other club wants them at the terms they enjoy at Ibrox. In other words, we are stuck with them.
The term '' we don't do walking away'' is choking us. Think about it, if you were fortunate enough to be on a contract at an inflated salary would you ''walk away''?
I have long been a critic of Ally as a manager and stand by that, but we are stuck with him, and others, for the duration of their contracts. So let's back Mr Wallace to hopefully see us through, because, being honest, we do not have many options.

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Very good post I feel mr wallace will see us ok

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25 Feb 2014 12:41:27
Can anybody explain their confidence that Wallace will be a good thing for Rangers?

He's asked for 120 days to review things which strikes me as rather a long time for a business with a lower turnover than your local Asda, during which time so far the club have failed to cut the wages of the players or ship out any players bar one, no significant new investment seems to have been found and now Dave King's offer of help appears to have been turned down while the Laxey's asset strippers' offer to give us a loan under the kind of terms only the desperate would accept is given the nod but a majority of fans still keep up the mantra, 'Let's hope Mister Wallace sorts things out' while anyone pointing out the fact that so far his performance has been verging on atrocious are labelled doom and gloom merchants.

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@billyb I had a bit more confidence in Mr Wallace until the Easdales/Laxey secured loan deal. But if you give him the benefit of the doubt and that was set in place possibly even before he joined the board then almost certainly the club will announce a membership scheme shortly. ST holders and others will be invited to pay a monthly direct debit of at least £50 (in reality it needs to be £250 a month but not enough bears could afford that). For this monthly sum in addition to your season ticket you get some shares in the club. Good thing well yes however, and I 100% welcome correction here, this increases the number of shares which increases money available for the club but does nothing to remove the Laxey's and Blue Pitch Holdings etc. The RST scheme is as far as I know targeting non rangers supporters shares so "Spivs Out" should support the RST scheme more. The membership scheme will gain more members as the non dyed in the wool Bluenoses sign up after we are back in the top league. Hearts showed the way in Scotland with this and have 8,000 members. The board will probably be counting on three times that 24,000 which is £14.4 million a year and get up to £20million with ST's who won't become members and pay at the gate fans.
Having always felt we are not nearly as big a club as some of our fans think we are I think a good result would be to get 10,000 members but if not ideal I would go for it as a step in the right direction.

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@NBear2 - Mate, no idea what world you live in but welcome to the real one! There are very few people who would sign up for a £50 a MONTH membership deal for Rangers. The current financial situation for most people would tell you that a sum of around £10 per month as a starting point would be more realistic! It's much aking to Green saying that investors needed a minimum of £700 to buy shares, look where that put us!

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Look he is in the job he must be given the chance to do whatever is nec don't forget he cannot make announcements willy nilly all actios must be announced to s/exchange first so it must be a comprehensive plan that fully sets out what will be happening I admit it would be good to know a little of what's going on I am sure it will all be presented as apackage with the interim results

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@5 there is a million per month hole in the finances I'm just suggesting -having filled in the supporters survey (have you?) that the board will go for a membership for the club which will IMO be pitched at £50/month which is twice the cost of a season ticket. I appreciate that will be too much for some fans which is why I suggested a lot less bears will opt for it than the board want. But time will tell you might be correct.
As for your earlier post that anybody who thinks Ally is not doing his job is a clown and not a real supporter- GOOD INTELLIGENT CONTRIBUTION LADDIE where would the Gers be without you?

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Nbear2. I would ask why anyone would invest in Rangers, at the moment.
We are operating at a loss and the structure and personnel employed at the club is wrong.
The management and playing staff must be streamlined to a suitable cost level in line with our income.
e. g. Hard questions have to be answered on this.
i] What management costs can be streamlined?
ii] Unless a player, whose contract ends, is essential to our future they shoul be released. e. g. Cribari and Simonsen. Possibly Hutton and Wiktorski as well.
iii] Unless a core player needed in the squad, players should be encouraged to find a new home. Even to the extent of subsidising any wage short-fall.
iv] Extravagant expenses should be stopped.
Only when we are seen to be as heading in the right direction then we may see investors.

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@ billyb for only one reason the emotional tie to the club and the desire to see it survive.
But you are 100% correct no one with any functioning grey cells would invest just now but some of us don't think when it comes to the club. Why would we currently keep turning up at Ibrox if we really thought about it because unless it is Dunfermline the football on display will disappoint.
Also the structural deficit is more than the entire football budget is so somehow the club MUST generate more money as cuts alone ain't going to do it. To keep afloat with not doing anything else Auchenhowie had to produce two £6 million players a year.
I mentioned the membership scheme as I do not at this point in time have any alternative suggestions. JonnoSTB may well be right and it may bomb. The board may decide it is not a go-er but what cuts will save £1 million a month?

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Cuts will have to be made I am quite sure they won't amount to a million pounds a month but until we see interim results we won't know what this years accts will show but this year there will not be as many one off payments that had to be paid and start up costs should not be there also this year there will have been a rise in revenue and next year will be the same and unfortunately there will be a rise in cost of season books so until we see accts we really won't know the exact state of the nation having said that cuts must be made and that means now I am quite sure there is there moves in the pipeline to cut costs

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Yes Nbear2, that is our biggest problem, blind loyalty to our club. That is what allowed Green to rip us off, but we must start using our head and not our heart.
Also, the monthly deficit will not be anything like £1M per month as the ''unusual'' fees paid in recent times cannot be allowed to recur.
Some prudent cost management will put us on the right track.

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24 Feb 2014 17:22:29
Been a season ticket holder since 84 but don't think I can go watching with mccoist in charge he's just not got a clue & what does Durante do?

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OP I agree with your post and cannot tell you what Durrant does apart from take more money we cannot afford. I will keep going but it is with very little hope and absolutely no expectation.

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Ally McCoist has us 21 points clear at the top. He's doing his job! The sooner clowns pretending to be Rangers supporters realise that, the better!

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I am arangers supporter I may not be einstein but I know when 90% of supporters watching a re deeply unhappy at the way the team is being managed at the minute

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90% of supporters? You still blotto?

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24 Feb 2014 16:28:28
I am disgusted that Rangers have had to borrow money from a crook, and a group of chancers, The time is now right for us to hold back season ticket money, and take us to the brink, to finally flush out these money grabbers, let's see King Murray, and the rest, finally stump up, as they keep promising, and save our beloved club, the shame we all feel is heartbreaking, let's get some dignity and pride back to Scotlands biggest club. Rangers Always.

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Billy boycotts will only make matters worse we all want the best but we must give g wallace and hew board the chance to do the job the fact that money was made available is not bad news thes people cannot not allow the club to fail if that happened they would lose there money if u read rest of my posts u will see what o mean

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Billy,

A boycott puts TRFC into administration and RIFC will have a floating charge over the assets for the IPO money they loaned.

An exit from insolvency via a CVA backed by DK would not get rid of RIFC, it would just make them landlords and TRFC would be tenants, RIFC would be a property company. This is the reason the shareholders do not want their shares diluted by DK's investment, they would make more out of renting.
Business is a game of numbers and if the numbers do not add up they will cover their losses.

I am afraid there is only way out of this and that is SB income and fan support.

The loan for a few months working capital tells me things are bad but possibly salvageable, going into administration will just make things worse.

Anyway only my opinion, it is not a fact.

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@OP, 1 & 2.
Part of my post last week, when it broke that Sandy Easdale and Laxey Partners were approached to loan £1.5m read: "why don't the board offer the RST or other supporters groups the opportunity to band together to raise the investment they say is required. 50,000 supporters at £30 a pop (roughly the price to see one game in the premier league) raises the £1.5m that's required. would give the supporters a say in how the club is run. it would rid the club of those who see the club as nothing more than a cash cow. All that said, the big question would be "is it in the interests of those money grabbers to have a supporters voice on the inside?".
Now that it's been revealed Laxey Partners are to make a quick 15% on their £1m part of the loan (£150,000) or the possibility of fresh shares (that could only happen with shareholder approval at an AGM). It's now transpired that the RSA, Trust and Assembly would've provided a secured loan on more favourable terms than that of the combined Easdale/Laxey loan. So, going back to my original post the only conclusion can only be that the money grabbing barstewards are alive and kicking.
An opportunity to have a supporters voice on the board has been totally lost or perhaps there IS a more sinister motive in failing to engage in dialogue with those supporters organisations.
But the begging bowl will be out shortly looking for season ticket renewals whilst at the same time another much needed £150. 000 disappears needlessly.
Maybe, just maybe, the OP makes a good point.

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{Ed039's Note - Please make sure you are signed in. When logging in you should click on the "remember me" option and it will keep you logged in while typing a long post instead of kicking you out)

Ur right but try rxplain that to the masses

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Boycotts will finish the club and don't blame the existing board as they can only play the hand they have been left. There is no way they will dilute their investments and will only risk any further investments on a lucrative return with cast iron securities.
Green gave us life after Whyte, but in doing that squeezed us to the danger of our future existence.
We have to hope that Mr Wallace and the board are able to report we have a chance to recover, but I have my doubts.

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Ive just read on ibrox noise the albion car pk and edmonson house are the surities for the loans repayments what does this mean

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{Ed039's Note - It means if Rangers default on the loans or go bust these guys get their investment back by getting these assets)

@3

Have you not noticed Rangers don't have 50,000 attending supporters at games. Do you think the mum and dad with two kids who go along should pay 4x 30 quid?

There is a reason no serious businessman in the world won't touch one of the worlds biggest
brands. think about it instead of talking nonsense. Go back to Bill Millar, the American. One look at the books, the truth, he ran for the hills. As did McColl, Kennedy and P Murray. There are Skeletons in the cupboard, dummies on the sidelines and half wits on the park. Would YOU invest your hard earned millions?

I Repeat - insanity "doing the same thing over and over again and expecting different results"

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@ 7 Look Ayr Bear don't mince your words -just come out and say what you mean - oh aye you did well done.
Ouch! harsh but true- well said that man.
For all those waiting on the interim results to see where we are- let us not keep you any longer were in the Shyte!
Richt up to oor blue bunnets

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@7. What do you suggest. No point in critcising without coming up with something positive.

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@7. I think you've missed the point I was trying to make. On one hand we have Easdale and Laxey putting in a combined loan of £1.5m repaid in approx 6months with Laxey, for their part receiving 150 grand for their trouble. On the other hand we have the RST, Assembly and Trust stating that they could've loaned the same amount of money at more favourable terms. Which option would the supporters, and I include yourself, prefer see?. The first option that has little or no interest in Rangers, other than to milk even more money from the club or, the second option that has the club as it's first priority.
With the greatest respect, I think I know which is the option I would prefer. And on that point I suggest that instead of being negative you try and be a bit more constructive in trying to get rid of what you say are Skeletons, Dummies and Half-wits out of the club all together. Perhaps it's yourself that's talking rubbish through insanity. I await your next post supporting the Easdales and Laxeys rather than the supporters clubs.

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@8. Cheers Nbear.

@9. My suggestion would be to listen to Dave King. He has lost in the past but would do it all again. The Easdales and Laxley want profit which is why they don't want a dilution of shares if DK puts his cash in.

DK loves the team - The rest love the money. Give DK the reigns, he will put a strong management team in.

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Ed I was prety sure that's what it meant but was uneasy to suggest it in case I was wrong cheers for keepin me right but surely we will not default on repaying the loan but with the board keeping everything mega top secret you never know what they are up to after all they are not millionairs through stupidity eh

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@11. And DK would just put in??
amount of millions just for love and no money. Behave yersel'.

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Take off the blinkers dave king is for dave king what everyone misses is if any of the so called rangers men wanted the club make some sort oreasonable offer athey would be like the snow and drift if the boot was on the otherfoot would take less money than they what they would get don't think so

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Take your blinkers off dave king wants to be there for dave king and wants club on the cheap the point everybody misses if they offered smokey and the bandits some sort of reasonable money they would go

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N15 I hate to disagree but current tribe would want an arm and a leg so to speak cause they now if they sit tight they will make millions of millions that is the only I repeat the only reasoon they invested cause they know they can't go wrong these people don't invest unless they know there going to make millionsss and millions s s s

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Bb are the rst saying they have 1.5m in the bank that they could make available to rangers tomorrow

I thought the last lot of shares they bought was 50k for about 13,000 quid, how are they going to loan the club 1.5m? Just asking like!

JG

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JG@17. The Ed will be able to confirm this. A joint statement from the RST, Trust and Assembly was issued earlier this week saying that they had investors that were prepared to put up the £1.5m loan on a no fee / interest free basis. They were quite rightly asking why the offer of a loan from Laxey for a fee of £150,000 was accepted when the RST loan would've been as an interest free repayable loan with no fee attached.

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{Ed039's Note - Dave King is believed to be the investor behind this offer, seems the board want to distance themselves from this man. Perhaps feeling threatened? It would have been him getting his foot in the door and I believe there are folk who do not want him there, but he will not buy shares, my opinion he wants in on the cheap, others opinions is he doesnt want to line anyones pockets)

BB just looked at my email and this was in my inbox
--------------------------------------------


Subject: Fan groups statement regarding loans from Easdale and Laxey
To: JG
Date: Monday, 24 February, 2014, 17:14


Fan groups statement regarding loans from Easdale and Laxey

Rangers Supporters Association, Assembly & Trust
Statement

The Rangers Supporters Association, Assembly and Trust have
been contacted by a number of Rangers supporters, who are
also current shareholders, indicating they would have
provided a secured loan of £1.5m on more favourable terms
than the combined Laxey Partners/ Easdale loans. The terms
of the Laxey loan in particular seem unduly onerous.

We are concerned that not all shareholders are being treated
equally. Fans and shareholders both deserve an explanation
as to why other shareholders were not approached to provide
this loan.

The 3 groups call on Rangers, or the NOMAD Daniel Stewart,
to clarify the matter. Either in public or through a direct
meeting with fan representatives. We have contacted both
companies with our concerns.

BB
Does this mean king is the shareholder / fan who contacted them then?

JG

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JG. I think the answer to that would be Yes, going by the most recent posts. Not so sure about the rhetoric from him though and I tend to agree with Ed039's view that he's looking to keep the fire burning without buying any fuel.
And on that point I'll end the thread.

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24 Feb 2014 11:45:49
IF you were to win the Scottish Cup and IF you were allowed to compete in Europe, how far do you think the current squad will take you and what recruitment would be required (banter page remember).

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Depends on how they are managed. With current managment team. round 1. But don't worry this won't happen. Look how Stenhousemuir took us apart with quick movement of the ball.

How will any team fair next season? Round 1 or 2 before exit?

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Well depending whether u have to qualify or go straight in it still would not be very far but as we speak or email ally on ssn after the 120 days period is over he exspects to be better of with wages budgets and transfer money did I hear correctly because the noise in the room was quite bad if that's the case can I get a loan of g wallaces magic wand

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24 Feb 2014 10:16:36
I've actually posted this months ago & I'll post it again today, I attend every rangers game and like most of our matchday fans I speak with there is none of us who rate our current two right backs ricky foster & seb faure, to be fair to faure he's most definitely not a right back and never will be and I just don't rate ricky foster, does foster actually pass a ball to a rangers player, no I don't think he has, his distribution of a football is woeful to say the least, mccoist should have kept kyle mcausland as our right full back instead of again farming him out on loan, mcausland is streets in front of foster & faure, I said a way back several years ago that we should never have let jordan mcmillan go to dunfermline at the time, mcmillan in my opinion is a good right back and I know mccoist said to jordan that he was a big part of his plans and then he let's him go, the reason I know this to be true is because I know jordan mcmillan's father and he told us this, I know he's now at Partick thistle and just come back from injury but I would hope within the next 1-2 years we can bring him back to rangers, also how does mccoist not play luca gasparotto in front of edmilson cribari?Totally bewildering, don't you think?

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Only macoist knows the answer to that the common sese thing would be to give them a go now because there will be to much pressure to get results next year especially wi macoist if he is stil there

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I found the team selection baffling. Why not play Faure in his preferred position of centre back or play Gasparotto who's deemed good enough for the Canadian squad but can't be trusted to play against Stenhousemuir?

There must be a few Canadian coaches scratching their heads this morning.

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24 Feb 2014 11:46:31
BR. I too know alec (shillin) pretty well. And jordans brother jamie. All big gers fans. But let's be serious here m8. Jordan was a good youth and reserve pllayer but never a 1st team Ranger
We havnt ever came close to numan. stevenjardine or even the likes of munro. May never again. But we desperatly need the rite management team. And foster must think he. s the luckiest man alive to have 2 spells at Rangers. It really is beyond belief that the likes of him. smith. aird. black. hutton. perry. little. and even templeton play for Rangers. Probably better players in the stands. Its so sad. And the manages doesn't seem to see it.

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Agree BR re Jordan McMillan. I remember he played against Chelsea in a pre-season friendly, Aug. 2011, and more than held his own.
Regarding Kyle McAusland and Luca Gasparatto, there is no sense in McCoist's actions.
Just remember that Green employed him, at the inflated salary and with the share issue, to sell the fans the new set-up and not for his ability to manage.

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I agree with the both of u untill we have a change in managers it will be no better if does not happen quickly crowds will plummet there was supposed to be 41000 on saturday I did not think so

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Ive always said mcoist should be allowed to win us the championship the move upstairs but know I can't see us winning the chps with ally in charge we could maybe win it but I don't think we can afford not to win it so ally should move upstairs at the end of the season imo

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I jist wish he would anywhere upstairs downstairs anywhere but ibrox

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25 Feb 2014 11:48:22
I remenber a few years ago. Ther wer thousands of scottish accents in the ireland support. Not just a few m8. That is understandable altho a wee bit sad if u have irish origins. But thousands have none and have never been near dublin. The pubs in the gallogate wil be dusting down the tricolors and making plans now. altho they won't need to change the discs in the jukebox

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25 Feb 2014 12:19:09
Soz number 3 was me. Tomblue

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