I think there has been an appreciable shift of opinion amongst fans of TRFC recently.

Unlike the ‘invest: speculate to accumulate’ rhetoric featured in the press and by ex-players, the ordinary fans are coming to the realisation that there is no quick fix. There are even murmurings that there may never be a fix which involves their club becoming a competitive force.

Poor management of fan expectations has long been an accusation levelled at the TRFC board by SFM. It is possible though that many fans are beginning to manage their own expectations rather better. There are certainly justifiable criticisms of the manager, Mark Warburton, but alongside that is a realism about the limitations and constraints that he is working under.

There is a rather misguided, and possibly not accurate assumption that another liquidation for a team out of Ibrox would result in having to start ‘yet again’ in the bottom division; but in fact there is a growing acceptance that consolidation in the top league is a much better solution than gambling on huge borrowing simply to stop Celtic adding more notches to the goalpost.

Could it be that the fans are about to do the job that the board haven’t had the balls to do –accept the gap between themselves and (at least) Celtic, and settle for mediocrity on the field as a short term price to pay for continuity?

During the 1990s, in the middle of the Murray/BoS fuelled spending spree, and with Celtic in the doldrums, it seemed to many Celtic fans that their club would never be able to bridge that gap. Of course they did, but at the emotional cost of losing the exclusive 9IAR record.

TRFC now find themselves in pretty much the same position, but their road to bridging the current gap is a more difficult one.

There are similarities of course. Like the Celtic of the 90s, Rangers have major infrastructure challenges to meet. Celtic had a stadium to build, Rangers have Ibrox (and Auchenhowie) to fix and improve. Both required massive investment to improve the team, although I would argue that Rangers have a steeper hill to climb in that area.

Unlike RFC of the 90s, Celtic’s accrued wealth has nothing to do with an intravenous hook-up between their bank account and the chairman’s pals at the bank. Their baseline advantage over the current Rangers predicament is a combination of a stadium which holds 10,000 more fans than Ibrox, no debt, a burgeoning cash balance and the current inflow of European cash.

The Euro cash and the cash balance could be depleted, but the 10,000 extra seats won’t.

It also seems difficult to imagine how TRFC can obtain seed capital – even if they were inclined to gamble – given the combination of barriers to achieving that;

• They have a PLC with no stock market listing
• They have NO executive directors on the PLC board
• The current chairman is a convicted criminal, convicted of offences involving money
• The current chairman and vice-chairman are both directors of a previously liquidated club, and therefore associated with the financial mismanagement which brought that about.
• In that climate, sponsorship deals are hard to come by. Major sponsors want to be associated with stability, success and integrity. TRFC don’t tick many boxes in that regard.
• Banks do not lend to football clubs. Pre Murray/Masterton, football clubs were cash businesses with modest overdraft facilities to cover modest cash-flow peaks and troughs. The banks have returned to that model. 1987-2007 was the exception, not the norm.
• They are at war with a powerful and substantial shareholder in Mike Ashley.
• There is still litigation pending on more than one front which could even call into question the ownership of the club’s assets.
• They are in debt already (estimated at around £15m).
• The current onfield situation may require yet another write-off in terms of contracts.

Any one of those bullet points could be enough to derail any plan to get to the top. In combination, there may even be an existential question to answer.

That is why the fans are starting to look a lot smarter than the board, and ultimately the good sense of the fans may well help the board to find a way out of their current dilemma.

But even with realistic expectations from the supporters, is it possible that they can find a way? Is there for instance someone with a magic wand or bag of cash who could come in and turn it around? Perhaps, but who would risk money on a precarious venture like a football club when one of the most powerful businessmen in the country is in dispute with you?

In order for serious inward investment to happen;

• Ashley has to be reconciled with the board (needs King and Murray to go).

• The debt has to be written off .
• The new investor(s) has to be given control of the club (and this would perhaps require another 75% special resolution where current shareholders would be asked to vote to dilute their own influence).
• If they achieved that (and it is a pretty big if) the new investor cash would go into the club’s bank account – not used to pay off the debt –  and they would be free to pursue new and better sponsorship deals, improve the merchandising contract with an onside Ashley, and add new revenue streams.

Even then, any new board would need to see the infrastructure challenges as paramount. Having one eye squinting in the direction of Parkhead will blur the bigger picture.

Their priority should be to reduce the losses (whilst increasing wages for better players), fix the stadium and the training ground (both in need of repair and improvement), build a scouting and youth infrastructure, and free up a (relatively modest) wad of cash to improve the playing squad.

In defence of the current board, the challenges facing them are almost vertical in incline. No matter how skilful they are, nothing other than someone with a barrowload of cash and a very long term outlook can put any kind of fix in place.

£50m might buy the debt and equity, and repair the stadium, but progress requires on-field improvement. It also needs stability, and therefore Ashley’s cooperation. The price of that is the head of Dave King.

Rangers will bring in more at the gate than Aberdeen, Hearts or Hibs, but they have a considerably higher cost base than those clubs. With better players, recurring costs will be even higher – much higher.

To square this circle, however unpalatable it appears to be, peace has to be made with Ashley. That is the key to being able to embark upon a journey that has any chance of success. Otherwise, the clocks will have to be reset to 2022, and the end of the SD contract, before progress can be made.

However there is no chance it can go on that long. Rangers fans may be increasingly less demanding in what they expect, but they will need to see some signs – and not just words – that a plan is in place.

The board are getting ready to throw Mark Warburton to the hounds (the MSM lapdogs have already been armed with poison pens to effect that). This will buy them some time, but not enough.

We’ve said it before, and at the risk of sounding like a broken record, I’ll say it again;

For Rangers to have a fighting chance of competing at the top of football, King needs to be gone. If he does go, half of the barriers preventing the club raising cash are dismantled. 

So is King’s departure a price worth paying? If he really had Rangers in his heart, he would say ‘Yes’.

It’s been a crappy year. If you don’t believe me, look at the two lists below this piece – full of people who have left us since Jan 1 2016. Some might say in a post Brexit/Trump world they are all better off, but that is neither here nor there.

In addition we have witnessed yet another year of the “black is white – new is old” suspension of disbelief argument from the football authorities. The same dysfunctional crew who gave us the 5-way agreement and whose cerebral CPU cycles are dominated by a strategy to choose the correct term to use for various concepts like; liquidation, Rangers FC, pitch invasion, independent inquiry, (to name just a few).
They now think we will be satisfied with what their crack investigation into child sex abuse – and its no doubt cherry-picked and narrow terms of reference – will come up with.

Still in place at Hampden, is a Press Officer who thinks he IS the SFA, and a chief executive who should BE the SFA, but who prefers, in his own words to do “nothing”. These are the people who, in the midst of a public debate over concerns for racism and homophobia in the game, have given a coaching job involving young people to a man who has been proven a racist and a homophobe.

These are the people who constantly have their hands out for public funds, including one to fund a grade-A bonkers facial recognition scheme to root out sectarianism (and all the other ISMS that they have just endorsed by appointing Malky Mackay).

Yet we complain about the Americans when they elect an insane man to power?

All is however not lost. Within living memory, and since it is Christmas, I’d like to relate a warm, cuddly, sentimental and very true story about the late Jock Stein. It is proof that there was a time before the madness that has enveloped Scottish Football when real people of quality, blessed with empathy for fans, roamed these lands.

Rewind to 13th May 1975. Myself and three great friends, two teenagers from each half of the Old Firm, decided to walk over to Hampden Park to see Scotland playing a friendly match against Portugal. Two of the guys – ironically the Rangers ones – lived in a wee street right across the road from Celtic Park, and we set out from ‘their bit’, walking through Strathie’s Park and down Springfield Road into Dalmarnock Road. We were a bit behind schedule and of course we were all skint so we had to walk. As my mates dithered, I walked on ahead shouting at them something like ‘hurry up!’ (although a tad less politely).

As I approached the junction of Dalmarnock Road and Adelphi Street, I absent-mindedly did a bit of jay-walking and was nearly hit on the backside by a ton of German tin making a left turn. The passenger window of the car was rolled down, and I prepared an impetuous come-back to what I was sure was going to be a rollicking.

Instead, a strangely familiar man in a thick Irish brogue poked his head out of the window and said; “Where you going?”

As my brain registered “Sean Fallon”, I made a quick connection, turned to the driver and saw that it was Big Jock. Thoughts of “what an honour to be knocked down by Jock Stein” flashed through my befuddled between-ear mass.

Recovering quickly;  “To the game” I said.

“Jump in!” shouted Mr Stein

“My pals are just behind me”

“Tell them to jump in as well”

I never asked the guys when they realised it was the greatest living Scotsman driving the car, but we didn’t know many folk with a Merc, so I suppose they knew it wasn’t a relative who had stopped me.

The four of us climbed into the spacious big bench seat in the back of the car for the fifteen minute journey. Immediate questions.

Yes Jock (we were pals by now 🙂 ) was going to the game and so was Sean, but they were going home for something to eat first. Yes, it was a great perk of being a manager that you didn’t have to queue, but what did we think of the team?

The chat at the time was that Kenny Dalglish hadn’t hit it off with Scotland because Bremner was cramping his style. Bremner was injured that night, so my pal Gerry Connor (permission to use his name has been granted!) told The Boss (we were really close by now) that we expected KD fireworks.

What did we think of Hutchinson? Since it definitely appeared to be posed in rhetorical fashion we chose “not very much”.
The Gaffer concurred.

One of the Rangers guys (Big Jimmy) wondered aloud why Alfie Conn, by then of Spurs, was not selected. It was a ridiculous situation said my mate. Probably keeping him for the U-23s he thought out loud, before realising that Jock was the then Under 23 manager.

“Oh, eh, um, sorry! I forgot that was you!” said Big Jimmy. “No worries, he’s a very good player” said Big John (by now we felt we had known him forever).

Truth is, we were scared shitless; totally in awe of the man driving, DRIVING US, to the match. He really wanted to know what we thought, who we liked to see play, who we would pick who wasn’t in the squad.

Another thing was that despite it being huge for us all, we all wanted it it over with as quickly as possible so we could talk about it. But it wasn’t over yet. The final flourish was when we got dropped off at the Beechwood. We got out of the car as the crowds were descending on Hampden. Stein’s car was noticed right away, but who were these young scallywags emerging fro the back?

“Thanks Boss, thanks Sean!” we all shouted so the bystanders could ear. Stein smiled, waved at us and sped off to Kings Park for his dinner.

“See you in the morning Gaffer!”

Chests puffed out, we all assumed the pose of Scotland Under-23 starlets. Scotland won 1-0, but I can honestly say I don’t remember a bloody thing about that match. I do remember being on the Scotland U-23 bench though 🙂

The moral of the story is clear to me. In the background of Dave Scott’s claim in our podcast that the SFA needed to get its act together, and to engage more with the fans, the men of the Stein mould, our greatest football generation, are perhaps the last generation to possess the ability to do that.

He could have just beeped loudly in frustration and went off home for his dinner that evening, but he saw four young fans – guys who loved the game anyway – and made us love it a bit more after that fifteen minute ride. For a few minutes out of his time, Jock Stein gave us all a lifetime of a cherished memory, which I have dined out on, and will continue to dine out on, forever.

Many years later, footballers of that era told me that it was commonplace for the likes of Billy McNeill and John Grieg to do the same in Glasgow, for Pat Stanton and Davie Holt in Edinburgh, and for Alex Hamilton and Jerry Kerr in Dundee.

Sadly, three decades later, I regularly witnessed footballers go to extraordinary lengths to avoid autograph hunters, ducking out of back doors and having stewards deliver their cars to remote places away from the public gaze.

Of the four lucky boys who chanced upon Jock Stein that night, I am still in touch with two. Big Jimmy has fallen of the radar, last heard of in England somewhere – as is Gerry, condemned to a purgatory of watching Blackburn Rovers!

Despite that, we will always share the bond of the night we were on the Under-23 bench seat in the back of Big Jock’s Merc.

We should remember that the game in this country prospered when it was more in tune with the people who followed it. Perhaps market equilibrium will one day bring it back, who knows, but for now, football is an industry where no-one in control at the clubs gives a flying doo-doo what we think.

At least we still have our memories. Of the great Jock Stein, to whom I was briefly related, of his assistant Sean Fallon, who I got to know a bit in later years, and of many football folk I was privileged enough to know, and who are no longer with us.

Just like the class of 2016 below, we miss them all.

Non Football Deaths in 2016

Football Deaths in 2016

Amidst the emerging news of great trauma that is allegedly coming TRFC’s way in the near future, it would be prudent for us to keep our eye on the big picture – the one that captures the other clubs in the league playing the role of bystanders, powerless to influence events and unwilling to react .

For what it is worth, my information on the TRFC situation is that the stadium issues being talked about are not critical at this time (although talks have begun with Queens Park and the SFA to secure a lease of Hampden for two years), but that the creditor issues, including tax, national insurance and VAT, are of immediate, growing concern.

Continue reading →

Over the weekend, we ran a quick poll on Twitter (View Poll).

Do you trust the SFA to administer football in the interests of the sport?

Around 1500 took part and the percentage shares were as follows

No: 95%
Yes: 3%
Don’t Know: 2% Continue reading →

It’s not that I’m so smart, it’s just that I stay with problems longer.
Albert Einstein

The recent flurries of activity regarding the mis-governance of the Scottish Football authorities gave us some hope that perhaps the dam was about to be breached. Sadly, this has not proved to be the case. The independent TOG report, which highlighted the deeply flawed nature of the LNS inquiry and drew attention to the anomalous activities of the SFA in awarding Rangers FC a European competition licence in 2011, moved the discussion beyond the shores of Scotland. Subsequently, a letter from UEFA to lawyers representing Celtic shareholders reportedly confirmed that the licence had been awarded in contravention of the rules and protocols of the competition. Continue reading →

The scandal in which Scottish football has become embroiled is neither equivocal nor complicated. It happened. It is easily seen to have happened. It is certainly not a degree course in nuclear physics. Why then, are simple facts ignored day after day, week after week, by not just the so called purveyors of truth in the media, but the body of the SFA itself, the clubs? Continue reading →

It has recently been suggested to me quite strongly by two separate Finance Industry experts that no matter the outcomes of the forthcoming criminal trials into the sale of Rangers and the subsequent disposal of the liquidated assets, it is highly unlikely that the sale will be reversed. In fact BDO (the liquidators of Rangers) see the path of least resistance to any remedy (if guilty verdicts are returned) through the professional indemnity insurance held by organisations involved (I am choosing my words carefully here to comply with the rules surrounding the court case). Continue reading →

After making inquiries into progress on Resolution 12 to the Celtic AGM of 2013 there is little doubt in my mind that the SFA made a serious error in the process of UEFA licensing.

Here are some facts: Continue reading →

A consortium led by David Low has been in talks with Sir Tom Farmer seeking to purchase Hibernian Football Club. The story has been embargoed for a few weeks, but David agreed to speak to TSFM to give us an exclusive interview and provide us with information about his intentions for the Edinburgh club. Continue reading →