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30 Aug 2014 10:55:31
Shambles shambles shambles, never thought I would say this but give us Peter Lawell any day no nonsense tell is at it is and is financially prudent. What has gone on at our club is horrible on every level, we have more players than Chelsea more directors in at the trough than you would find in a third world country a manager vastly over paid bonus bonus bonus bonus to all and sundry, can't pay our bills a share ofer that just cannot work due to the pricing mechanism I hurts to the core we are being fleeced left right and centre, I bought my 3 seasons tickets hoping that would help but regretting it now rant over but still love my team WATP
1.) Saddens me to say but my love for Rangers is dying because of the last few years and I will not give them another penny until I know its getting spent correctly.
2.) Op its a good job no one can see round corners that's all I will say
3.) 31 Aug 2014 10:54:54
Fed upbeat why is the latest financial update surprised you. At lady set of accounts Rangers income exceeds expenditure by £6mill a year. They can't borrow any money long term so they have to get buy on what they generate. The £70milliln story is a disgrace but as you said too many players, overpaid players, and too many overpaid directors. It did not take Mr Wallace 120 days to work out what to do or else he is a numpty. Income and expenditure need to match. So they need to cut out Directors. Problem, need to pay them off and no money. Wallace needs to reduce his salary from 300k to 100k. He won't do it. McCoist needs to reduce to £100k. He won't do it. Players need to reduce their money. They won't do it. the share offer won't work because the big investors, Blue Pitch, le eyes and Marghetita won't underwrite the offer. They know that out of the £4mill, £500k in expenses, £1.5 to outstanding loans and £300k for Mr Wallace leaves £1.3mill. That will lady 3 months then it's back to square 1. So no one is going to throw any more cash at the problem. Dave King won't help as he won't pay over the top for everyone's shares. If he buys the shares the money does not go to the club it goes to the owners of the shares so it's of no interest to him or Mike Ashley for that matter. They will let it go into admin and then pick it up for £5 or £6 mill. It is the only way out. Then it's a 25 point deduction and if rangers can stay in the Championship with that deduction then it's no Premier League till 2016. By then King may own the club and make a difference. Issue is that the board or a creditor need to put it into admin before Wallsce sell off Ibrox. The overhead is just too big. Rangers need to downsize today. McCoist, Wallace, players, Directors if they are Rangets men need to take the pain. The only other hope is that this share offer works and the shareholders agree to a new share offer at the AGM which will bring in another £10 mill but again the cost will need to be cut. Unless cost cutting accross the board happens it is Admin 2 no matter what mr wallace tells the fans.
12 Aug 2014 12:55:40
Rumour Kenny Miller has tweaked a hamstring middle of second half on Sunday, maybe that why he missed decent chance late on the KM of old would have burst the net.
With ref to bleeding young players we missed the chance in the 3rd & 2nd div we need to get into the top division at the end of this season if not we are back in administration even if we get the the "soros" 10m which I don't believe for a minute Charles Green has his own agenda which he is entitled to but must say. Hope the board come out with a strong statement to rubbish his claims not happy with current board guys bu we are stuck with them till better days come keep positive
All true
Wallace going might buy us some time to get bigger investment in problem we have is we need to get to top league at same time as shedding players like Wallace fingers crossed someone has a plan must admit not one that I can readily see but as posted previously we need to limp along with the only show in town at the minute chin up it could be raining jk
Ally's in a tough position and must be hating every minute of the job he has made some big errors in judgement but stood by us at the same time, Sundays game disappointing really thought we would get off to a flier but but same old same old looked poor slow and more disappointing than anything Hearts out fought us still think we can win the league but maybe tougher than I and many others expected let's get back on track on Friday night