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Probably linked to earlier http://t.co/QOwUsMk6 It is a detailed look by the …

Comment on About the The Scottish Football Monitor by Auldheid.

Probably linked to earlier

http://t.co/QOwUsMk6

It is a detailed look by the St J lad who did the tv analysis at Sevco’s business case based on the higher wages they seem to be offering.

The interesting thing is that if you use the wage figure of £2658 in this exploration to the wage calculator already linked to then the annual loss is pretty similar in the £2.3m bracket This suggests that there is something to question the SFA on as to how they passed a business case that shows a club running at a loss in the first couple of years.

One would assume SFA got some assurances on funding from a source that looked solid and with good reason to be involved in getting bums on seats at Ibrox aka Ticketus.

The point here is that neither business cases made provision for a Ticketus clawback (although it is easy to add to the wage calculator) but if they had the wage would have to come down or the debt would rise further.

It would be ironic indeed if the very thing that saw CW undone (using the fans money to pay off the debt) was a device continuing to be used unknown to the Sevco support as it would mean less of what they pay at the gate to watch would find its way on to the field of play. I mean if you are going to launch a share issue you would reveal to potential purchasers exactly what they were buying into would you not? Who owns the stadium and if they are taking a bite of the proceeds, the kind of information that would inform purchasers before they buy.

What CG will be selling potential share buyers is a return to the myth of a strong Rangers with no debt. The figures suggest this is a myth in comparison with their past, the kind of wages they can look forward to offering suggest it will be ordinary shares in an ordinary team that should be put on offer.

Auldheid Also Commented

About the The Scottish Football Monitor
Franksboy

I’ve no idea of the mechanics but if I had been conned out of £27m by a guy who could not pay it back I would repossess what he bought with my money to see how much I could get for the asset.

Were I the kind of guy that operates in such murky territory I would have a horses head left in Mr Whyte’s bed to remind him I cngaf about floating charges or Virgins.


About the The Scottish Football Monitor
Mozza

Do yourself a favour and look into the history of gaining on field advantage using money that was not a clubs to invest.

The principle was first raised when Leicester City used the Garry Lineker intervention to augment their finances and deny other clubs a higher finish.

Those clubs denied and asked questions and the FA recognised the principle of sporting advantage gained by illicit use of finance.Like paying players and not creditors.

This only became obvious when creditors forced administration (until then no one knew) but in 2004/05 the PRINCIPLE of unfair sporting advantage was codified by the introduction of the 10 pts penalty to offset the advantage using illicit financial methods be that unpaid (and the Rangers debt remains unpaid) debt or misuse of a tax scheme available to no one else provided.

Did Rangers field players they could only afford using a scheme HMRC say was not appropriate?Yes

Were other clubs competing on the same basis? No

Did they have to pay more to even stand a chance of competing? Yes and it proved unsustainable.

So on a matter of underlying principle Rangers embarked on a system of payment BECAUSE of the sporting advantage it provided not to save tax. Had it been to save tax ALL of the tax saved would have stayed in the Rangers bank account. Not telling the SFA was to protect that advantage and the SFA allowed it to continue.

Sorry but Rangers have been caught bang to rights cheating and the only thing that will stop that being declared is the fear of the subsequent questions such an outcome will ask of the SFA, for it happened on their watch.


About the The Scottish Football Monitor
Essex Beancounter

I reckon Ticketus are doing the bankrolling. A Paulie Walnuts on Twitter (might be the same guy as on rtc might not) says the rumour is Ticketus OWN Ibrox which is why the deeds have been deep sixed.

My suspicion is based on who has more to gain and lose if there are no bums on seats at Ibrox and that is Ticketus. As long as they are prepared to play the long game they will get their money back from Rangers supporters which is only right.Its one way of one creditor not being fleeced although that might not be fair on the others.Time and BDO will tell.


Recent Comments by Auldheid

It Is Better To Offer No Excuse Than A Bad One
UP THE HOOPS
The allegations on CQN that Bobby Madden has a gambling problem surely require his  removal from the the firing line until the allegators are proved wrong.
No snap decisions, just a leisurely swim until there is no question as to his motivations. 


It Is Better To Offer No Excuse Than A Bad One
Dons/Hibees/Jambos and any other club wanting a UEFA spot.
Flogging players who have put TRFC near top of league is an admission those players unaffordable.
The solution is to make a licence for TRFC conditional on a realistic sustainable business plan. SFA are not doing their licencing job. Never have in fact.
So what questions are your club Directors asking the SFA?
Why not get them to ask UEFA if they are happy with the way SFA process licence applications from Ibrox. Seems UEFA not happy.
Proper club licencing can level the playing field a bit but it also protects all clubs from charlatans selling jam tomorrow.


It Is Better To Offer No Excuse Than A Bad One
Allyjambo 21.41

Matthew Lindsay: Time for Dave King to depart Rangers – but who could take over at the Ibrox club?

Rangers need to be run by individuals whose integrity is beyond doubt.
=============================
Do such individuals steeped in blue exist?

As rare as a dodo nesting on an iceberg in Carlisle Bay, Barbados.
” No problem can be solved from the same level of consciousness that created it.” Albert Einstein 
https://www.brainyquote.com/quotes/albert_einstein_130982


It Is Better To Offer No Excuse Than A Bad One
I got my electronic copy of Not The View delivered yesterday.
Browsing through I thought I recognised The Christmas Tale offering and was pleased to read it as I had forgotten it was a tale I told at Christmas in 2012 (on CQN I think).
I think it worth repeating as a reminder of why SFM exists – because we love football and we love Scottish football and we aren’t done yet.
A CHRISTMAS TALE
See me?
 
See me?
 
Ah jist luv fitbaw.
 
Its funny cos I was never that interested until about age eleven when a good pal, who was destined never to see his 21st birthday after a car crash in Rome encouraged me to try it. John was there to become a priest but got fast tracked by the Big Man who knows a good guy when he sees wan.
 
John encouraged me to give it a go in Suffolk St.  We played “croassies in” with the metal pull down blinds that formed the gates to the interior of the Barras as goals. Plastic baws, Fridos then Wembleys, arrived about then and many a red hot poker made the game a bogey in a failed attempt at repairing a burst baw.
 
(I blame the whelk shells; they were aw ower the place from the Oyster Bar in the Gallowgate (where I was entrapped in the cellar two weekends in a row cleaning whelks and mussels) and the ravenous appetite of the Glasgow punter for shellfish.
 
I played fitbaw morning, noon and night and saw Glasgow Green pitches UPGRADED from black ash/clinker to red blaze. We thought we were Wullie Fernie playing on that stuff and there was a case for playing with 10 baws as teams were filled with tanner baw players (goalies were just last man standing) for whom the object of the game was to beat everybody else in the opposition before scoring or it wisnae a goal.
 
I remember wan night  at the Glasgow Green waiting to play for St Alphonsus v Our Lady of Fatima  when I saw Tony Green, who was a Mungo boy and went on to play for Newcastle and Scotland before injury ended his career too early, waiting, sannies under his arm, to get a game with any team who were a man short. I think the OLOF manager mugged wan of his boys as Tony appeared for them and turned a virtuoso performance against us to give OLOF a 3-2 victory.
 
I started work and went to London for a year to work in the old Post Office Savings Bank. In my first week Jock (a Jock) approached and asked if I played. He never mentioned the sport, he didnae hiv tae, we wur already communicating at the spiritual level only fitbaw lovers can reach (the kind of thing that electrifies CP on CL nights.)
 
I get directions fur a game oan the Saturday at Acton Town and turn up, new Puma boots, paid by my transfer grant, under my arm (nae sannies fur me) On entering the park ahm puzzled, there wiz GRASS everywhere, nae clinker or red blaze in sight.  “Must be roon the back of the dressing rooms “ I remember thinking.
 
Anyhoo I gets changed runs roon the back to see — MAIR grass as far as the eye can see. So I troop back tae the dressing rooms to get directions to the ash pitches. When I explain what ah wiz used to playin oan they aw jist looked at me like my village wiz searching fur their idiot.
 
Well I get sorted out and line up. The baw, I remember, wiz a size 5 orange wan, but no wan o they bricks wi laces. The first pass to me wiz high and ah chests the ball doon and whirls roon afore I get studded from the back as wiz the custom oan the narrow pitches of Glasgow Green. To ma amazement the nearest opponent to me is about 4 yards away. As I look into his eyes I smile and turn to Jock at the sidelines and shout.
 
“Yer gonnae need anither baw” as I meander off in pursuit of the only goal that counted for a tanner baw man. I think I managed 7 before netting and I’ll take that. It wiz oan unfamiliar grass after all.
 
 Postscript “Aye very guid Auldheid” yer thinking (if you have stayed with me so far.)
“Nice reminiscing and it is Christmas Eve, so thanks fur the memories. “
 
But there’s mer tae this tale fur
 
See me?
 
See me?
 
I jist luv fitbaw.
 
Its ma game, its  OOR game and when I see the mess those responsible for looking after its welfare have made of it ah want to do something.
 
I hope ahm not alone.
 
Dec 2012


It Is Better To Offer No Excuse Than A Bad One
That Dave King is allowed any influence in Scottiish football is a dereliction of the duty of the SFA to protect our game from criminality.

Dave King should be called to account by the other clubs via the SFA to provide evidence he can do what he has promised, which is bank roll TRFC.

At the very least the clubs should be preparing for another insolvency event at Ibrox and deciding the conditions they will set for TRFC to continue taking part in Scottish football on the same basis as every other club, who act with the utmost good faith to fellow members.

The clubs via the SFA have the powers under Club Licensing to do so, powers that the SFA Comp Off can only conclude the SFA have failed to utilise. Powers that UEFA must have recognised by now as a result of Res12 letter of May 2016 and UEFA Licence submission this year, are not being used fully by the SFA.  

It was self preservation that underpinned the 5 Way Agreement . The dangers of that agreement – destroying integrity, undermining trust, ignoring deceit – become more and more manifest and should alert other clubs to the necessity to exercise their collective responsibility to each other and so to our game that they govern via the SFA on our behalf, using Club Licensing powers.

When a particular course of action designed to preserve self is not working it is human nature to try another course.

Not renewing STs come April/May unless positive trust restoring actions are taken by our clubs collectively, is one way of changing minds about what is self preserving.


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