Podcast Episode 1


€All these things will obviously be affected but only after …

Comment on Podcast Episode 1 by davythelotion.

“All these things will obviously be affected but only after Graham’s 120-day assessment.”
The club was briefly in administration
The holding company is in liquidation
Apart from a large number of creditors getting rinsed, shareholders & debenture holders taking a bath and supporters being pumped for money that’…will not be used for day to day running costs’ ……nothing really happened.

davythelotion Also Commented

Podcast Episode 1
upthehoops says:
February 23, 2014 at 7:41 pm
One of the other major difference then & now was that there is no ‘pass back’ allowed. This has drastically increased the pace of the game and requires keepers to play the ball with their feet.
That said, you can only do what you can, the fact is that both Clark & Foster’s achievements deserve credit in their own right. If it was easy everyone would be doing it!!

Podcast Episode 1
spanishcelt says:
February 23, 2014 at 1:37 pm
Why didnt the RST buy 200.000 “Brand new” shares last week rather that buy them from the market as this would have given some much needed working capital to their club?
Because this wouldn’t have met the strategic needs of Laxey or the easdales. The club has had it’s resources run down, it now requires money to pay for day to day costs. Asset rich, cash poor. It’s how pawnshops & wonga etc make their money, buying assets at rock bottom prices from people who are desperate.
The RST and the rest of the supporter base will be invited to participate in ‘membership’ schemes, money in, no shares ,no access to info, no influence.

Podcast Episode 1
Campbellsmoney says:
February 20, 2014 at 3:52 pm
An interesting theory. The worst possible way to borrow money is by giving up part of your assets in return. If the company borrow money from shareholders to lend to the company to lend to the club, what are the strings? £1.5M to the Easdales is a lot of bangers, what are they getting in return?
GW has, according to PCMG and the MSM, been taking part in a round of meetings with potential lenders in order to borrow money in order to pay bills. So far he’s been unsuccessful. He’s now turned his attention to shareholders, the shareholders aren’t exactly biting GW’s hand off. Surely it would have appeared more supportive if the deal had been agreed, then announced.

Recent Comments by davythelotion

A Sanity Clause for Xmas?
justshatered says:
December 23, 2014 at 11:04 pm
Many football rules are unenforceable. In the sense that you can’t make clubs field their best teams, you can’t make clubs try to win a game, you can’t make players ‘not cheat’, you can’t make officials ‘perform, to the best of their ability, in an impartial way.
When it comes to ownership, the same owner can have more than one horse in the same race, the same garage can have more than one car in F1 races, the same sponsor can be represented by more than one club in the same competition.
Why have rules?
To ensure that the paying public see genuine competition and not the corporately desired, most lucrative outcome. The rules ensure genuine competition.
Ashley owning rangers lock, stock & gazebo has no influence on the integrity of competition.
Why doesn’t he make his move for 30%?
Why doesn’t he underwrite the £8m offer (thereby becoming de facto owner)?
Why did MASH vote against No 9?
Because he’s not an idiot. He wants the schmutter, he’s got it.
The rest is just smoke and mirrors. Nobody knows who owns Ibrox & Murray Park, the SFA can insist on knowing the names of the beneficial owners behind Margherita and Blue Pitch Holdings, why are they so reluctant?
The AGM was a big circus in a very small tent.

A spectre is haunting Scottish Football
James Doleman says:
December 16, 2014 at 3:01 am
The penny drops, yet the notion that paying +£750 000 pa to AMcC for managing a ‘Champions League team’goes to the heart of the problem.
If I buy longer trousers it doesn’t make me taller.
Ally didn’t manage a champions league team, he didn’t manage an SPL team, he managed a 3rd division team that couldn’t win the Ramsden’s.
The SMSM has constantly trumpeted the chorus that supporters wouldn’t join ‘the journey’ if The Rangers lived within their means. When Chuck got Ally to sign his unread contract the club were debt free with money in the bank. Two years later they are mortgaged to the hilt and the income stream is a trickle. Yet players, who presumably had a quick shuftie at their contracts, are on five figure weekly wages. At the same time people who receive low five figures per year are receiving redundancy.
A McA’s replacement will be on a vastly reduced wage but they will have an incredibly difficult task.

A spectre is haunting Scottish Football
120 day review highlights rapid burn of cash via onerous contracts
£3.3M raised via share issue
Car park & Eddie House redeemed
Car park & Eddie House rehawked
Nomad bails
Accounts detailing Retail arrangements
CW picked up
Ally gives 12 month notice
CW newspaper interview
Players’ Christmas party
Company confirms resignation of manager and return to normal pay
Hacks repeatedly claiming MA will buy club as a European advertising masterstroke.
£12M needed to see out the season
MA & club charged by SFA.

When so many things come together it’s rarely an accident.

A spectre is haunting Scottish Football
I expect Ally will be receiving lots of letters, open and private, reminding him of friendships and favours.
The subtext appears to be that Ally knows where the bodies are and who put them there. It would appear that none of the current regime can afford to provoke Ally, hence the ridiculous 12 notice period.
As for the AGM, MA may decide to underwrite a share issue (with the agreement of the SFA) but will anyone in their right mind take a punt on a diluted share in a company like this? They couldn’t raise £4m at the last one.
My guess is that when the Court turns it’s full glare on sevco etc, the only person smelling of roses will be Craig.

A spectre is haunting Scottish Football
Graham Spiers has resorted to the theory, aired on here some time ago, that Ashley was going to use rangers as an advertising vehicle to promote the expansion of Sports Direct into Europe.
This kind of straw clutching was treated contemptuously by Cosgrove.
If Mike Ashley wanted to promote his brand via rangers why would he close the shop in Belfast?
MA wants to make money. Ally knows that the days of marble, five star hotels, high wages and onerous contracts are over.
This transfer window will be one way. ‘Living within your means’ is the only show in town.

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