The outbreak of internecine warfare at RIFC is being acted out through a real pea-soup fog right now. The war is being fought on so many fronts that it is difficult to see just exactly how many armies are involved, and how the alliances are shaping up.
Craig Mather would appear to be in the Charles Green camp, but it is difficult to imagine that he would be happy to hear old blunderbuss-mouth peppering Ally McCoist with shot. McCoist’s in-character but inelegant riposte, whilst a valiant attempt at deflection and self-preservation, put his mentor and chairman, Walter Smith in a rather awkward position. It gives Mather a double headache as he tries to head off Clyde Blowers boss Jim McColl – and his blowhard ally Paul Murray – at the EGM-pass.
If Mather stands by Green, and Smith does the same for McCoist, then the two main officers of the company will be in opposite, and hostile, camps.
As I say, making sense of it is difficult, but one thing is as clear as an empty window frame: the acrimony, which has been in existence for months, is only now being aired in public because the season ticket drive is over. The one policy that the warring factions have been in agreement with is “Not in Front of the Children”.
Now that the fans have been compelled to buy season tickets in substantial numbers through a mixture of fear, loyalty and a never-ending stream of press spin telling them that “Rangers are on the cusp of greatness if only the supporters cough up”, it seems acceptable that the real war can begin – but what is the prize?
There can be little doubt that all of the factions are aware that a conservative business model is necessary if Rangers are to establish themselves in Scottish football – certainly a more conservative one than that followed by RFC (IL). I infer therefore that the war is not over a Murray vs McCann approach. My best guess is that the war is one of ideals – between one faction which aims to make as much money in the short term as possible, and another which, whilst not averse to a bit of nest-feathering, sees the health of the club and the notion of a continuity Rangers as paramount.
The trouble for Rangers fans is that it is the former faction which holds all the cards – all the shares in fact. I think that all fans of the game of football would hope that people with football at heart would win out here, irrespective of what their partisan loyalties dictate on a day to day basis.
The problem for either warring faction is that the loyalty of the Rangers fans is finite. The “long road (back)” to the top is one which might engage them for while. It is a great journey which is not without its rewards and adventure, but expectations will be massive if and when they get to the top league. When the acceleration of progress meets the buffers of premier championship aspiration, gate money will be in the front passenger seat. Managing unrealistic expectations is extremely difficult, and evidenced by the use of McCoist’s recruitment sledgehammer to crack the nut of the bottom two divisions.
But here are some questions to which I honestly do not know the answer;
- How does the Rangersness faction wrest control away from these spivs?
- How will the spivs attempt to ensure that the Rangersness faction fails in their objective?
- Can the people in the Rangersness camp REALLY be trusted to act in the best interests of the club even if it is at odds with their own? This, given the close association with the terminal decline of the club they all profess to love.
- Is there any realistic scenario which allows this club to prosper and challenge for honours within a ten to fifteen year period?
My belief is that the key to the new club being able to establish itself is managing the expectations of the fans. Despite the MSM willingness to cut and paste RFC and RIFC press releases unadulterated, the ability of that same MSM to impress a message of realism into Rangers fans is zero. Not in front of the children in fact.
Is it really a sociological bridge too far to expect Rangers fans to turn down the expectation-ometer? I don’t believe it is. In the eighties, if I recall correctly, a seriously underachieving Rangers team were not met with demands for big spending. There was pressure on them to get better managers who could pick better players, but no demands for Fort Knox to be breached. If Rangers fans really want a club called Rangers playing in blue at Ibrox, and competing fully in the game, they need to find leaders who can sell the long-termism of such an aspiration. Many will hope, including the spivs and the MSM, that no such leader emerges.
helpmaboab @ 3:31
😆
😆 I very much doubt it, but it’s worth a try,( ginger nuts and green penguins) 😛
This is what I’m wondering. Traynor seemed to be saying this too: sell up or you’ll be ousted anyway. Is it all just bluster/intimidation? Green doesn’t seem the type to be scared off: witness him turning up at Ibrox the other night as bold as brass.
Sorry I haven’t been able to post for a while. However I have been reading with great interest.
A question for Steerpike, by his own admission an accountant and business expert.
The interim accounts to 31/12/2012 show operating costs running at £2.4m per month, let’s say £28m per annum. Is that agreed? Now what evidence is there that this figure has significantly reduced since 31/12? Everybody who has gone seems to be replaced by other people on similar wages. Traynor has arrived since then, on a big wedge. The other running costs don’t seem to have reduced- how can they? You’re talking about running Ibrox and a world class training facility. That doesn’t come cheap. Yet you seem sure that costs have been brought under control. What leads you to believe that?
I have published my own cash flow projection several times now. Auldheid has a much more sophisticated version, which he has linked to several times. On my “model” (that’s a fancy word for the back of a fag packet), the IPO money has basically now been spent on operating costs. Even excluding the legal costs of the last few months, which must surely have been significant.
The ST renewals have brought in £8m max (although a lot will be by instalments, I guess, and not in yet). That is just over 3 months operating costs. I think your answer is to “big up” non ticket sales, i.e sponsorship etc. Your (in my opinion highly optimistic) figure is £9m. That’s another 4 months operating costs. That gets TRFC through to the end of February. Matchday recepits might bring in another £400k per month. So on my figures for operating costs and cash on hand at 31/12/2012 (actually RIFC’s own figures) and your own highly optimistic figures for non ticket income, TRFC are bust by April.
Mind you, in my opinion, they are bust now, which is why all the recent action. It is now time for those behind RIFC to separate assets from liabilities. Ibrox and Murray Park are assets. They will be sold or kept, whatever. TRFC is the liability, and an ongoing, never ending money pit. If the real players manage to get rid of it for some actual real money, then either they are really clever, or the people buying it are really stupid- probably both.
y4rmy says:
August 8, 2013 at 3:50 pm
This is what I’m wondering. Traynor seemed to be saying this too: sell up or you’ll be ousted anyway. Is it all just bluster/intimidation? Green doesn’t seem the type to be scared off: witness him turning up at Ibrox the other night as bold as brass.
_______________
he had ronnie and reggie sitting either side of him
and they also escorted him through all the lounges pre game and at HT
After CGs recent STV interview, I received the following article from the Harvard Business School with almost serendipitous timing. “How to Spot a Liar by Carmen Noble”. The article is attached, but the findings that seemed vaguely familiar somehow were:
On average, liars used more swear words than did truth tellers—especially in cases where the recipients voiced suspicion about the true amount of the endowment. “We think this may be due to the fact that it takes a lot of cognitive energy to lie,” Van Swol says. “Using so much of your brain to lie may make it hard to monitor yourself in other areas.”
Liars used far more third-person pronouns than truth tellers or omitters. “This is a way of distancing themselves from and avoiding ownership of the lie,” Van Swol explains.
Liars spoke in more complex sentences than either omitters or truth tellers.
Equally familiar was the response of those receiving the lie
On average, receivers tended to trust the bald-faced liars far more than they trusted the allocators who tried to deceive by omission. In short, relative silence garnered more suspicion than flat-out falsehoods. “It turns out that omission may be a terrible deception strategy,” Van Swol says. “In terms of succeeding at the deception, it was more effective to outright lie. It’s a more Machiavellian strategy, but it’s more successful.”
Hey, ho.
http://www.exed.hbs.edu/assets/Pages/workingknowledge.aspx?wkid=7234&spMailingID=5703074&spUserID=NTgwMzQ0OTg2OTUS1&spJobID=161456022&spReportId=MTYxNDU2MDIyS0
Celtic Paranoia says:
August 8, 2013 at 3:46 pm
TSFM
================
Re. Celtic FC investors/shareholders return on investment. This is an observation rather than criticism CP but I think that you (just like me and 99.99% of fans of all clubs) don’t know the ins and outs of our club’s ownership and payments to senior management and directors. The focus here has mostly been on Rangers of course, and the position is generally clearer for those clubs that have either gone into administration or liquidation because there has been greater scrutiny and more accounts information has been made public. TSFM’s comment on the dividend due (at some time) to Dermot Desmond is helpful – we shouldn’t assume that all is well at clubs other than Rangers because they are stable at the moment, supported by nice charitable people who are billionaires/millionaires/got a few bob.
neepheid says:
August 8, 2013 at 3:51 pm
Mind you, in my opinion, they are bust now, which is why all the recent action. It is now time for those behind RIFC to separate assets from liabilities. Ibrox and Murray Park are assets. They will be sold or kept, whatever. TRFC is the liability, and an ongoing, never ending money pit. If the real players manage to get rid of it for some actual real money, then either they are really clever, or the people buying it are really stupid- probably both.
___________________
the plan is surely to sell it for £1 to the real raiiiingerrrrs men with a contract to lease ibrox
paulsatim says:
August 8, 2013 at 3:47 pm
……………………….
To be fair …..they have allowed criminals of all descriptions to own and run that club….why not Paul Murray?
TBH he is guilty of far less that the likes of Craig Whyte…..Dave King….Easdale….etc etc..
Campbell Ogilvie would have no problem allowing Robert Mugabe being a director….
If everything is as on the level as mr green says it is??? Why don’t they go live tonight 😛 I’m sure thee BBC would shuffle their schedule round it 😀
Neepheid
I have made a few changes to the model I have linked to. I’ll upload it later.
I have reduced number of years to 3. Yr1 is last season.
Depending on the actual start point they either just make the black or are in the red by season end. My start point was in region of £7m but saw Dave King talk about £5 or £6m which makes a red bottom line more certain.
What my model does not do because it is annual and monthly figures (cash flow) are not available is pick out your point about STs being on the never never or (and more important) match day income still to arrive. (Its around £2.4m over the year).
So it does look like monthly costs will outstrip monthly income at a rate that will quickly eat up whatever is left from whatever the share income was (and I’m not convinced £22m hard cash less cost was banked in the first place).
Scotland is sometimes sold as a land of legend and myth. Nessie pales into newt size insignificance compared to the myths smsm has generated around The Rangers.
Blu
The amount DD receives from his investment in Celtic is sometimes the source of animated discussion amongst the Celtic support. As is PLs bonus.
Personally I avoid comparing how life has awarded on person and not others as long as Im happy with what it awards me ( and money is not the only indicator).
However in the case of DD, a man of his recognised business acumen would most likely get a greater return on his investment in Celtic if he sold up and invested elsewhere. There is an argument that the emotional part of his investment is costing him more than its earning him.
With regard to PL if his hours worked were used to establish his hourly rate as opposed to a 37 hour week, it would certainly give a more accurate picture of where physically he gets his bonus.
That is not to say greater transparency on both is not a good idea. In fact information on all relevant aspects like opportunity costs of investments or wages of CEOs of other comparable clubs would inform the debate and the judgements that emerge from them.
Steady now Paulmac2: August 8, 2013 at 4:14 pm
Only one of the Easdales did time at Her Majesty’s Pleasure,,,, 😳
Am I missing something .
Ibrox Stadium and the training ground are line detailed in the balance sheet , of the Dec 2012 interims. They are shown as having been purchased for £1.5 million, and were then revalued , for the purposes of alternative use by DM HAll , at £6.5 million.
This is detailed in note 7 in the interims, which explains the view taken at acquisition.
Move on to Note 8
“At 31 August 2012 the Directors valued the Freehold Properties, comprising Ibrox stadium and Murray Park training facility based on a value in use calculation of the net present values of future operating cash flows. The key assumptions in this calculation are the expected future cash flows and the use of a weighted average cost of capital of 12.25 per cent.”
In Note 8 the property assets have been revalued at £33.988 million. This is also confirmed in note 14.
Finally the following statement is included in note 8.
“The value in use calculation relates to all fixed assets of the Group, including Intangible Assets”
Based on the above , there is no doubt that RIFC claims to be the owner of the property assets, and in fact the revaluation makes up 55% of the balance sheet .
Is the suggestion from Bomber Brown, that RIFC have included an asset on the balance sheet that it doesn’t own ?
That seems a stretch , even for Spivs. In fact if it were true, it’s merely an updated version of Brooklyn Bridge being sold to tourists.
The accounts haven’t been audited, however unless there is compeling evidence to the contrary, I think Bomber Brown has this wrong.
That doesn’t change the operational position though, which is that this is an under capitalised business with operating costs significantly in excess of what they should be , given the potential for revenue over the next 2 years
TSFM says:
August 8, 2013 at 3:12 pm
=====================
Fair point, I was really just trying to make the general comparison but you are of course correct.
50 Questions:
13. How does directors remuneration at Rangers compare
with other clubs at a similar level?
An introductory question might be required to determine what level they believe the Club is at!
Auldheid says:
August 8, 2013 at 4:52 pm
However in the case of DD, a man of his recognised business acumen would most likely get a greater return on his investment in Celtic if he sold up and invested elsewhere.
=========================
I am working from memory here but I remember reading somewhere that DD has not only lost out on his shares, but the loss so far has been in the region of £10m (as share prices have dropped over the years).
There is no doubt whatsoever that his involvement with Celtic is not a business decision, unless of course the club move elsewhere but I see no prospect of that happening.
Barca – is this the club or the holding company’s balance sheet we’re talking about? I’m not being facetious when I say that – if the spivs have found a way to separate the assets from the football side (removing Jonah from the ship so to speak), that makes for some interesting scenarios, including the leasing of the asset to “the club” who actually owned it in the first place.
As was discussed on publication of these accounts, the only way to show a rosy balance sheet was to revalue the assets, but this also gives rise to the compalint that the assets were sold off under administration/liquidation much chepaper than they should have been.
Ah, the liquidation. Whatever happened to that?
http://content7.flixster.com/question/61/31/15/6131153_std.jpg
AFRICA?!?
jockybhoy says:
August 8, 2013 at 5:10 pm
0
0
Rate This
Quantcastv
jockybhoy says:
August 8, 2013 at 5:10 pm
==================
Trading Places ?
paulsatim says at 3:47 pm
Peter A Smith@PeterAdamSmith27m
SFA’s Campbell Ogilvie says Paul Murray could pass Fit & Proper Person test despite being director at Rangers within 5 years of insolvency.
O.M.G. 😯
SFA’s Campbell Ogilvie: Fit & Proper Person rules outline “guidance for the board to consider…each case is considered individually.”
———————————————————
You think that there is nothing more to shock/anger you concerning the SFA’ s handling of sevco and then the above rule blows that out of the water.
There was a chance a few weeks ago and all clubs did nothing and cast iron baws Ogilvie was giving another term. So all clubs must think CO is fit and proper.
The same rule will apply to No Surrender Alistair Johnson if he wants back on the board (need to be quick as in his words administration possible before xmas). CO will rubber stamp Paul & Alistair’s application without fear or favour because he CAN.
They are arrogant to the end (sorry the second end) which I really hope is soon.
I think it’s just about time for a wee recording from the MBB.
From 2012 Accounts…
P Lawwell
Salary £507,625
Bonus £399,000
Benefits in Kind £16,760
Pension £76,144
2012 Total £999,529 2011 Total £800,200
No dividend payable on ordinary shares but holders of Preference Shares received a total of £544,000 in 2012.
Amazing what information is readily at hand from a well run, fully market compliant plc.
Oh dear I spoke too soon 😥 DJ on SSB
jockybhoy says:
August 8, 2013 at 5:10 pm
8 0 Rate This
Barca – is this the club or the holding company’s balance sheet we’re talking about?
=========
This information is from the the accounts of Rangers International Football Club plc, which is listed on the AIM market.
This business owns a subsidiary, The Rangers Football Club Ltd, which was previously Sevco Scotland.
Just a quick musing from the leftfield… It’s looking more and more likely that the Sevco and Indyref trains going to collide. Most likely a coincidence… but to what extent will the decision makers in this country use the Sevco situation to further their own ends? Many working class people voted Thatcher after she gave them the right to buy and similar happened with Glasgow Labour (and still happens…). Would Sevco fans swap the union for ‘a Rangers playing at Ibrox’?
Q 51. Which account is the ST money resting in?
Q52
How many teams have played at Ibrox within the last 18 months and which team was the worst (or had a licence)?
Re any persons eligibility to be an office bearer of a Club, the relevant section below has an 11 point list, which I understand the SFA Board can completely ignore if it suits them – so, why list them ? They may as well have a clause that says “no matter what, if the Board think a person is Fit and Proper, that’s the end of it”. And the list is not exhaustive, only illustrative, so its a nonsense to have a list such as this in the 1st place, unless of course it is meant to be adhered to, which is what you would expect. Confused ?
——————————
10.2 The Official Return shall include details of all officials, office-bearers, secretary,
directors or members of the board of directors or the board of management or
committee of such member, Team Staff, with their full designation, profession,
business or occupation and full service address, and also, subject to the
provisions of Article 13, full details of the interest of such member or any
official, office-bearer, secretary, director or member of the board of directors
or the board of management or committee of such member and of its or his
associates as defined in Article 13.5 in any other member. The Board must be
satisfied that any such person is fit and proper to hold such position within
Association Football. The Board hereby reserves its discretion as to whether or
not such a person is fit and proper, as aforesaid, after due consideration of all
relevant facts which the Board has in its possession and knowledge, including
the undernoted list which is acknowledged to be illustrative and not
exhaustive:-
(a) he is bankrupt or has made any arrangement or composition with his
creditors generally;
(b) he is, by reason of his mental health, the subject of a court order which
wholly or partly prevents him from personally exercising any powers or
rights which he would otherwise have;
(c) he is under or is pending suspension imposed or confirmed by the
Scottish FA;
(d) he is listed in the Official Return of another club in full membership;
(e) he is currently participating as a player of another member club or
referee in Association Football;
(f) he is the subject of an endorsed Disclosure from Disclosure Scotland;
(g) he has been disqualified as a director pursuant to a disqualification
order granted under the Company Directors’ Disqualification Act 1986
within the previous five years or was serving a disqualification as a
director pursuant to such Act at any time within the previous five years;
(h) he has been convicted within the last 10 years of (i) an offence liable to
imprisonment of two years or over, (ii) corruption or (iii) fraud;
(i) he has been suspended or expelled by a National Association from
involvement in the administration of a club;
(j) he has been a director of a club in membership of any National
Association within the 5-year period preceding such club having
undergone an insolvency event;
(k) he is currently under or is pending suspension imposed by or confirmed
by the Scottish FA in accordance with the Anti-Doping Regulations.
All such persons (including the Team Staff) by allowing their details to be
included on the Official Return or any amendment thereto, thereby agree to be
bound by, comply with and be subject to these Articles and rules and
regulations of the Scottish FA (as amended from time to time) whose decision
on all matters shall be final and binding, subject to any appeals or arbitration
procedure available in terms of or promulgated under these Articles, and the
Official Returns and amendments thereto shall display prominently a notice to
this effect.
Q53 : RFC plc (IL) were fined by the SFA for going into administration, why does the CEO of this new company feel that he needs to comment on matters between the SFA and another public company?
Q54 : Craig Whyte was fined by the SFA as an office holder of the Rangers football Club this fine is payable by the Club if the individual is no longer associated to the club or fails to pay. As a continuation of the same Club are RFC going to pay this fine?
Q55
How much does the club owe RIFC plc?
Just a quick thanks for the replies to my questions last night ,I now know a bit more of the background to the transfers,Great site keep up the good work 😀
Cheers
Bhoy Green @GreenBhoy1967 1h
Claims that @AlexSalmond involved in @CharlotteFakes cover up http://scottishlaw.blogspot.co.uk/2013/08/media-political-legal-links-drive-deep.html …
The Rangers Standard @RangersStandard 13m
BS – Over £10 million in bank today.
Expand Reply Retweet Favorite More
Bon Scott @BonScott_1 3m
. @RangersStandard So say £7m from season tkts that would mean £3m left from IPO. Oh dear.
Q56
If the directors of RIFC plc decide to liquidate the company and the club is sold, how will the club’s debt to RIFC plc be satisfied?
So Stockbridge has told the fans …the club are not losing money on a month to month basis…
Phew…thats a relief…the SEVCO chaps will be delighted…
paulsatim says:
August 8, 2013 at 3:47 pm
Peter A Smith@PeterAdamSmith15m
SFA’s Campbell Ogilvie: Fit & Proper Person rules wouldn’t necessarily rule out Paul Murray. The criteria is guidance for a board to decide.
_________________________________________________________________________________________
The criteria is guidance for a board to decide.
Is there any rule operated by the SFA which allows any other group eg players and fans such wriggle room?
Indicative of a society based on class, and operated by a group who see themselves as the ruling class.
Directors – First Class
Players – Second Class
Fans – Third Class
Late news: CO & SR SQA results just posted . Both failed miserably and bottom of the class.
Lets be fair Stockbridge can sit and say whatever he likes to the 50 questions….Charlie would have….oh wait a minute…who briefed him?
Q. 57. How many shares are pre-sold and why did CG make that agreement with stockbrokers in Oct 12?
paulsatim says:
August 8, 2013 at 7:14 pm
2 0 Rate This
The Rangers Standard @RangersStandard 13m
BS – Over £10 million in bank today.
Expand Reply Retweet Favorite More
Bon Scott @BonScott_1 3m
. @RangersStandard So say £7m from season tkts that would
mean £3m left from IPO. Oh dear.
Paulmac2 says:
August 8, 2013 at 7:18 pm
0 0 Rate This
So Stockbridge has told the fans …the club are not losing
money on a month to month basis…
Phew…thats a relief…the SEVCO chaps will be delighted…
~~~~~~~~~~~~~~~~~
Several get it. For example…
Govanite @pauarmst 13m
@RangersStandard £23m + £8m ST Money from last year. £7m
ST money this year =£38m. We spent around £25m last year. Is
that right?#alarming
The Rangers Standard @RangersStandard 52s
Heated calls for Green to be sacked.
nowoldandgrumpy says:
August 8, 2013 at 7:10 pm
Bhoy Green @GreenBhoy1967 1h
Claims that @AlexSalmond involved in @CharlotteFakes cover up http://scottishlaw.blogspot.co.uk/2013/08/media-political-legal-links-drive-deep.html …
~~~~~~~~~~~~~~~~~~~~~~
That’s quite a stretch from what is written to say Alex Salmond is involved in the cover up. The story is quite clear that AS’s link is that he uses Levy & McRae. BhoyGreen should be very careful how he words his tweets
Paulmac2 says:
August 8, 2013 at 7:18 pm
So Stockbridge has told the fans …the club are not losing money on a month to month basis…
________________________________________
I suspect this might be true, with ST income over the past couple of months outstripping expenditure, that scenario might even continue while those STs being paid for monthly continue to give a monthly income. But once they are all fully paid up there’ll be no money in the pot and only pay at turnstiles money coming in. The overall picture, though, is still the same – unless they get a very large injection of funds, administration 2.
Apparently all the ST money is in
Zebra finance forwarded the cash (unconfirmed)
The business boy has been saying that Rangers would have expenses in the region of £20m this season. £15m expenses and £5m players wages.
If there is £10m in the bank just now, and that includes a high percentage of season ticket sales, then where is the other £10m going to come from. Particularly if there is a shortage of credit facilities available.
The only options if there is a shortfall, would be high cost borrowing, sale of assets or a share issue.
jockybhoy says:
August 8, 2013 at 5:10 pm
“including the leasing of the asset to “the club” who actually owned it in the first place”
———————————————
This is how it works, the club never actually owned the stadium. The stadium and training ground was bought along with other assets and were never owned by Rangers the club (as the fans see it today). Rangers the club was created and registered and after the stadium was bought….
I was disappointed but ultimately not surprised to see Campbell Ogilvie take a vague approach to the possibility of Paul Murray taking up an Ibrox boardroom position. What exactly is this SFA fit and proper person test anyway? History shows us just how easily it can be bypassed with Craig Whyte. I suspect Paul Murray has already passed the only particular test he needs to. He has passed the test simply by being an honest, dignified, honourable, born-to-rule traditional Rangers man. It is the same test Campbell, Walter, Alastair, Alastair, Dave, Sandy, Iain, Kenny etc etc have passed. All it takes is a certain degree of knowledge and knowing which doors to knock and the Scottish media will grant you the keys to their Kingdom forever.
timtim says:
August 8, 2013 at 7:42 pm
I presumed Zebra would only hand over money collected due to RIFC/TRFC’s difficulty in getting credit. If all ST monies are in, and just over £10m in the bank (and has VAT been paid over yet?), jings, crivens, help ma boab, they’ll really have to do well in the money-spinning Ramsden Cup to survive 😉 and I bet they’re glad they enter the Scottish Cup in the first round too 🙄
https://www.seasonticketfinance.com/about
Allyjambo says:
August 8, 2013 at 7:53 pm
I would imagine that a football club would want their season ticket money to come in at the beginning of a VAT period rather than at the end. So they would want their VAT period to be July August September, and not have to pay anything over until the beginning of November.
That would tie in with clubs’ year end being June.
Follow
The Rangers Standard
@RangersStandard
Confirmation that executive bonuses were not linked to return to top league but year on year promotion.
😛
timtim 7;42 pm:
August 8, 2013 at 7:42 pm
1 0 Rate This
Apparently all the ST money is in
Zebra finance forwarded the cash (unconfirmed)
————————————————————————
Reading between the lines I do not think everything is as black and white as that.
There may be a gorilla in the room.
Tif Finn says:
August 8, 2013 at 7:59 pm
I suspect that a CEO of The Rangers would baulk at misleading their own supporters and so would have subtracted any VAT from the figure before quoting it. Bloody hell, some big fat pink things just flew past my window 😀
Allyjambo says:
August 8, 2013 at 8:07 pm
Indeed
If the man said cash in the bank I am happy to take him at his word.
If £1m of that is VAT they owe then so be it.
The Rangers Standard @RangersStandard 25s
BS – Gets 200k a year. I get a bonus when Ally wins league. Happy to discuss changing bonus to finance results. Won’t resign.
____________
they are all getting bonuses for wining 4th tier 😀
That’s the ‘Well out. Unfortunately doing nothing for the Scots co efficient again.
Anyway thanks to the 50 or so who coughed up appx 1400 to attend in Cossack country.
Thanks also to SMC for creating a new team within a month and managing not to get embarrassed too much. (1-0 over there 1 pen each missed and a S McManus horror OG)
Cheers Eufa for the 88k. Should we forward the bill for the delta circa 50k?
Scotland DEFINITELY needs strong summer football.
C’mon Sainties
Craig Mather
The Rangers Standard @RangersStandard 1h
CM – I play with a straight bat. No interest in hoodwinking anyone. I’m not a crook. Not a con-man.
———————————————————–
Another time, another place
“I welcome this kind of examination…I am not a crook”…how did things work out that time?
http://www.youtube.com/watch?v=sh163n1lJ4M
andy says:
August 8, 2013 at 8:05 pm
4
0
Rate This
Quantcast
Follow
The Rangers Standard
@RangersStandard
Confirmation that executive bonuses were not linked to return to top league but year on year promotion.
++++++++++++++++++++++++++++++++++++
So Ahmed will come and pay back his bonus along with CG if year on year not achieved.
Of course they will.
Are these peepil ACTUALLY tweeting this guff?
Delooooooooooded!
Allyjambo are you taking my name in vain?
The Rangers Standard @RangersStandard 18s
IH – I supported CG coming back. Furious on statement Green made. Made feelings known to Green.
IH – Always questioned BS on finances. Happy with answers and that he’s not dishonest. No disharmony on board.
__________
they have done in around 30m in a year and ian harte is happy with the finances and then votes charlie back in
8594 at the St Johnstone game tonight!
Trolls back ❓
ianagain says:
August 8, 2013 at 8:32 pm
The Rangers Standard
@RangersStandard
Confirmation that executive bonuses were not linked to return to top league but year on year promotion.
++++++++++++++++++++++++++++++++++++
So Ahmed will come and pay back his bonus along with CG if year on year not achieved.
Of course they will.
Are these peepil ACTUALLY tweeting this guff?
Delooooooooooded!
______________
no according to them they all get a bonus every year ally wins a league 😯
ian harte says no disharmony on the board
why did Watty resign again ?
_____________
CG – £720k
IA – £700k
BS – £400k
AM, KM & ID – £1.5m
Total – £3.32m to win SFL3.
andy says:
August 8, 2013 at 8:41 pm
1 0 Rate This
ianagain says:
August 8, 2013 at 8:32 pm
The Rangers Standard
@RangersStandard
Confirmation that executive bonuses were not linked to return
to top league but year on year promotion.
++++++++++++++++++++++++++++++++++++
So Ahmed will come and pay back his bonus along with CG if
year on year not achieved.
Of course they will.
Are these peepil ACTUALLY tweeting this guff?
Delooooooooooded!
______________
no according to them they all get a bonus every year ally wins
a league
~~~~~~~~~~~~~
I wonder if they bothered making provision for any cup wins. 😀
now we know why sally was allowed to sign anyone he wanted last year
bonuses were at stake
The chaps on follow follow are starting to get a bit worried I think
Just one example of a high post count member.
++++++++++++++++++++++++++++++
This week it seems like Green has gone into kamikaze mode.
I think he knows that he and his cronies aren’t going to be involved with the club for very long, and they are now allowing the shit to hit the fan so that us fans are outraged and force McColl’s hand to buy them out.
If McColl fails to do that, we may be stuck with Green – and that isn’t a situation that would suit anyone.
Administration II is inevitable if Green remains.
bhoydonegood @shortstopguy 6m
Chris Graham posts Gerry Hassans review of “follow we will”on a website and encourages a tirade of personal and sectarian abuse Of GH.
http://www.scottishreview.net/GerryHassan104.shtml
helpmaboab says:
August 8, 2013 at 8:38 pm
Please accept my apologies helpma, could be nothing worse than to have your name associated with that mob.
Originally Posted by foyle loyal View Post
1.5 million for the management team is shocking for winning the 3rd division serving up that pish we had to watch
No wonder Ally doesn’t do walking away. Real rangers man my ar@e He’s got his nose in the trough like these other chancers
____________
from a poster on FF with thousands of posts
eyes getting opened tonight
scottc
“That’s quite a stretch from what is written to say Alex Salmond is involved in the cover up. The story is quite clear that AS’s link is that he uses Levy & McRae.”
—–
Couldn’t agree more – a typical MSM-type headline versus article content failure Kenny MacAskill on the other hand ❓
https://twitter.com/RangersStandard
A link for all the Q+A’s tonight
a complete whitewash full of faux outrage, half baked promises,deflection deception and not at liberty to reveal anything of real substance.
one no one has mentioned yet is the BBC still banned from Ibrox.
This is the only club* I know of that has banned away fans from visiting their stadium
has banned their own fans from visiting an away ground
and has banned the national broadcasting company from their own premises
Football without fans is nothing but no other club has done more to drive them away
In response to the Rangers Supporters famous 50 questions I have ONE question I’d like to ask them –
why the **** didn’t you ask these questions last year?
timtim says:
August 8, 2013 at 9:28 pm
Read that link and laughed. Especially when I scrolled further down than I should … £5.00 entry to Louden for night with CG and all proceeds go to charity!!!!! 😉
The real Rangers men riding into Govan on their white chargers.
Good article but not written by Rangers men
http://www.newsnow.co.uk/A/661074712?-11344:801
Listening to the St Johnstone game. Am I right in the fact that if the away team scores in extra time the advantage is with them on the away goal rule. This IMHO is unfair on the home team and you therefore should always want to play your home game first. If the tie goes to extra time due to a 1-1 scoreline or similar there should be no away rule advantage. C’Mon the Saints