Comment on Past the Event Horizon by Sugar Daddy.
The 120 days does 2 things – gives GW breathing space from press/fans & time to get some cash in.
He may announce his plan in a dazzling powerpoint presentation on day 120 to all and sundry but he should be getting on with it from Jan 6th. I say “should” as no guarantee he’ll be allowed to do anything that might jeopardise the spivs own plans by the placemen Easdales.
So what’s he going to do?
Selling players must be very high if not top of his do list.
Cammy Bell, Lee Wallace, Arnold Peralta are all sellable assets worth what? A combined £1.5m & there may be interest from Eng Championship or abroad for some or all. There are others Templeton, Shiels, Clark, Law, Black, Macleod who could be shifted for nominal fees to other clubs who will have sold eg Dundee United or looking to strengthen eg Hibs, Aberdeen, I’ness. There could be as much as £2million here in total transfer fees.
He will have seen the books, he is ex Ernst & Young so will be very clear where he can cut costs. However, all those cushy contracts the spivs & their mates have may cause him some grief with the Easdales. Ally’s salary is halved immediately with no negotiation.
It is more likely he will look, as has been suggested earlier, at securing some credit against the big hoose. Who gave them the unsecured £2.5m? Can he get that increased or find other fools willing to pony up money for the furnace?
Meanwhile, the spivs must be using the time bought by their AGM success to finalise their exit. It seems focus is very much on Mr Wallace and his 120 days to save Rangers plan. They can get on with transferring assets to RIFC and readying the sale of TRFC.
If it all comes together Rangers future is still at Ibrox with a mid table Premiership squad of 16 renting their stadium. Wallace saves Rangers, spivs get their property co and a nice rental, and there is something for Dave King to throw some money at if he wants on field success perhaps with a pre-agreed price on Ibrox & MP.
Sugar Daddy Also Commented
Past the Event Horizon
So Ally and evidently a few others at Ibrox were surprised that the new CEO said the cost base was too high? Does Ally not read the accounts of the company in which he holds 1m shares?
Has he been living in a parallel universe for the past year?
For someone who professes to love Rangers he shows scant regard for it’s well being if all he wants to do is bring players in.
I imagine he is slightly miffed that his Rangerness & cheeky chappie routine isn’t going to work on this CEO.
Don’t worry Ally there will be another one along in 120 days or less.
Past the Event Horizon
Hopefully not on the basis that no cost cutting should take place.
GW has to sell players, writing off some of the income in golden goodbyes to get them off books. Probably needs to bring in £1.5m net and get at least 6 out.
A plan that gets them to end of season and till new ST money comes in is what’s required. I’d be telling Ally that since he wanted to take a wage cut 3 months ago he’s not getting paid again till March to square things up.
A doubling of ST price, a much reduced wage bill and the possibility of break even may be enough to get him a secured line of credit using either MP or Ibrox. That might be enough get them to end of next season.
Unless of course they find a huge bag of cash under the Christmas tree as a “gift” from Dave King.
Past the Event Horizon
Oh my aching sides! This Sevco Circus is the gift that just keeps giving.
Boos all round for the the guys that actually paid out a lot of money to wear those snazzy ties but a standing ovation for the guy who wont hand back half his salary despite saying he would 3 months ago.
Ally, old chap, its really very simple. You write a letter to the payroll department stating what you wish to be paid irrespective of what your contract says and, er, well, um, that’s it.
Now I hope you haven’t being trying to negotiate a deferred payment or a longer contract in order for you to accept this change to a contract you haven’t read.
Thursday 19th December 2013 the day the good ship Dignity slipped beneath the waves.
Recent Comments by Sugar Daddy
Podcast Episode 4 – Turnbull Hutton
The Ibrox 72 Trust not a trust but a company thingy is all hot air. The RIFC board has stated categorically they will not hand over security. Not a penny is going to be taken from anyone’s bank account. It is but a scare tactic to try and unite Rangers fans and put pressure on the board.
The board will have already worked out how much money it needs to get to game 1 of next season. If the statements in court are to be believed the shareholders will pony up the cash thus calling the bluff of DK as fans will want to watch their team. Perhaps less than 38,000 ST holders but enough to keep the lights on awhile longer.
That would move things back onto the path of settling matters either through an insolvency event or a company sale.
In short it’s a complete waste of time.
Man City has also been restricted to 21 players not 25 players in their UCL squad next year.
How many did they use in the last campaign?
Not really a punishment at all is it?
That Ally took the path of least resistance is undeniable. He fulfilled his brief. That too is undeniable.
However, had he taken more than 30 seconds to think of a 3yr plan it could’ve been easily done on half the budget without upsetting the ST buyers. Some decent Championship players plus kids & those that TUPE’d would’ve been more than enough. The MSM drool upon every his every utterance, so a few well placed stories on best in class scouting & coaching programmes was all it would’ve taken. He could genuinely have given TRFC something of value. Boy, could they do with that right now.
Smugas, you are right as TRFC are now between a rock and a hard place and they have been put there by McCoist. Sure, he wasn’t to know what Green & Co were really up to but he must have guessed pretty quickly, after all we did.
The biggest open goal of his life and McCoist missed it.
McCoist has had 2 full seasons against part timers. He had £14m. He could’ve set up a scouting network to find better players, he did not. He could’ve employed the best youth coaches, he did not. He could’ve hired a DoF to help him do the above. He did not. He didnt think about the future, he didnt think about building Rangers up. He just blew the lot on average players. His victories are hollow. History, even if bought by another Yorkshireman, will not be kind on his coaching ability.
As for Templeton’s value – take a look at this. The answer to your request is clearly yes.
Podcast Episode 3 – David Low
The lack of any football strategy at Ibrox since the summer of 2012 is all too apparent. From the “crap manager” quote from Craig Whyte to the Charles Green “like asking a woman if she has enough shoes”, Ally McCoist failed completely to make use of the copious funds at his disposal to build any strategic direction for the club.
I, along with many others on here, believe that several large shareholders in RIFC have no interest in the football side at Ibrox. They want a return on their investment. How that happens, they don’t care.
I agree that the Gers support has “woken up” but it has as much strategic direction as the football side. DK/RG is the only show in town. It sounds like a plan so its a bandwagon to jump on just like the Blue Knights v1.0 & 2.0. Saves any hard thinking.
The flaw in the plan is the core belief that everyone involved at Ibrox, deep down, wants or needs a successful Rangers football team. If the shareholders own Murray Park and Ibrox, simply, they don’t. It can become a property play. This will become apparent all too soon if the DK/RG trust fatally wounds TRFC.
The squad, Wallace aside, is worth next to nothing. Its going to need further investment if they are to get out of the Championship at the first time of asking. Ally appears to be lining up an expensive Dad’s Army, Back to the Future, plan for someone to fund.
Right now I bet Dave King is cursing Ally for all his worth that there isn’t a team chock full of young talent playing skilful, attractive football. At least then he wouldn’t be faced with a large players’ wage bill along with any rental agreement Laxey & co might prepare.
A staggering £67m and counting, failure – all at the feet of club legend Ally McCoist.