Comment on Podcast Episode 1 by justshatered.
As a kid I used to play monopoly with my brothers. Most times I would win but this was down to the sheer luck of the dice more than my entrepreneurial skill.
One game in particular still stands out to this day. I only had the yellow coloured properties, with a few houses on each, while my brother had the rest of the board with hotels on everything. With each roll of the dice I nipped from ‘Chance’ to Community Chest’ to the Electricity and Water Works while my brother regularly land on my properties twice each time he passed. Soon my brother was downsizing from hotels to houses and then I went to Jail for three goes. By the time I came out I had the whole of one side of the board and he was now landing on my properties three or four times every time he passed.
Soon I owned two sides of the board and my brother had no houses left while I was loading hotels onto every property. It was only a matter of time.
My brother eventually capitulated.
The reason I mention my not so misspent youth is because this is what I believe is now happening in Govan. There is no money left. They have gone to the city who didn’t want to know. They cannot borrow money against Ibrox or Murray Park (still not renamed) while Craig Whyte is hovering in the background. They are now paying 30% on £1M for six months secured against Edmiston House and the Albion Car Park. When September comes this will coincide with the season ticket money running out. If at that point Craig Whyte is still on the scene then who will lend money to ‘The Rangers’?
Laxey’s will take the two properties and dispose of them as they wish after all that is what Hedge Funds do.
If Craig Whyte is not on the scene by this time then it is a certainty that there will be a sale and lease back of Ibrox and Murray Park. There was a document which did the rounds about sixteen months ago that detailed this scenario and from this document ‘The Rangers’ actually only got about £8.5M. Without serious cost cutting this will still not take them through to next seasons end. So there will be no property left and nothing left to sell. This is when ‘the real Rangers men’ will have to step up to the plate or the club will fold. But make no mistake about it by this time there will be nothing left except a large monthly shortfall for the new owners to make up.
This is just like a game of Monopoly where the destitute business starts chipping away at its assets to keep afloat as money bleeds away. Come September this will turn into a torrent with no way back. It is eating itself from the inside with no option but to carry on. With the exception of Administration it cannot break the contracts with players or do anything about its catering or commercial contracts. Indeed with each Administration revenue from these streams will become worse as the risk to the reputation of any sponsor becomes greater.
Downsizing on a massive scale is the only option however the fans will not tolerate this and refuse to buy season tickets which in turn means even deeper cuts.
This is the future for ‘The Rangers’.
The next few months will not be pretty. The SFA will grant a licence for next year in the full knowledge that they will not see out the season but they no longer have any option. They have nailed their colours to the mast and can go no other way. Ditto the MSM.
When the true reality dawns there will be serious trouble from the faithful just about the time of the Independence referendum.
Mmmmmmmmmmmmmm now that would indeed be a strange coincidence and even stranger timing.
justshatered Also Commented
Podcast Episode 1
February 23, 2014 at 9:11 pm
Just had a deja vu moment as Mr7Brodie suggested something like this this only hours ago. And, no before you say it, ‘justshatered’ isn’t Mr7Brodie
Are you sure????
Have you ever seen the two of us in the same room at the same time!!!!!!!!!!!!!!!!!
Podcast Episode 1
I’ve just read the last blog on the Scottish Fans For Change website and it reminded me that, when this site was started, it was discussed how we the fans could make a statement within the grounds which would send a message that we are not happy with the way our game is being run.
Since fans are often described as ‘the twelfth man’ could all of the fans stand up, fall completely silent, and turn their backs on the pitch during the twelfth minute of each half. At the same time banners could be unfurled demanding the resignation of the gang of three.
No club would be financially damaged but this display would also send a message to each individual club of the strength of feeling within each support. A specific weekend could be picked and co-ordinated between fan groups or the live TV games could be constantly picked to highlight to a national audience that all is not well here.
Podcast Episode 1
I think people are over estimating how long the £1.5M will last.
‘The Rangers’ are currently losing just over £700K a month but that is not what they are paying out.
They may already be paying out over £500K a month but losing a further £700K on top of that.
Recent Comments by justshatered
Time to Ditch the Geek Show
This may have been a question asked before so I apologize in advance.
When Rangers entered Administration the TAX man made a claim as far as I’m aware for all of the National Insurance and Income Tax that Whyte had collected but never forwarded.I still find tn difficult to comprehend how this isn’t illegal but there I am, a simple guy.
The Tax man also had the ongoing claim against the money paid to the EBT wheeze and submitted another claim for the Tax and National Insurance contribution that should have been paid on those payments.
Given that HMRC won their case, and the Liquidators will adjust the pennies in the pound accordingly, how can HMRC continue to after the recipients of the EBT payments?
While I have no sympathy for the individuals this seems, again to this simple guy, that HMRC will be getting paid twice; once through the Liquidators pennies in the pound and then billing the individuals.
As for Dave King’s counsel today……………………………….. well who would have thought that a guy who attempted to hide cars, planes, bank accounts, property, and wine from the South African authorities would turn round and claim to be penniless!!
Not me honest.
Another question regarding this: If Dave King sells up and walks away would this ruling apply to the rest of the concert party?
If it does not then this looks like a great sting by the rest of the concert party to have King as the fall guy. Remember there was the rumor that King borrowed the money from someone to buy the shares. It might have even been from someone who will gain if King goes.
The Vice Closes
The SFA have attempted a deal tonight.
To buy off Celtic and the rest of Scottish football with another weak, ineffectual, in-house, whitewash of an investigation into why there in-house, dyed in the wool, Real and pretendy Rangers men passed RFC as fit for a UEFA licence in 2011.
They have done this in an attempt to prevent a full out enquiry into their handling of the Administration, Liquidation, and unlikely resurrection of RFC to ‘The Rangers’.
Unfortunately for them far too much is now out in the public domain.
Anybody who wishes to look at the evidence knows what a craven, cowardly, corrupt, set of so called administrators we have a Hampden. They knew well before RFC went into Administration that it was coming.
The real problem they have is, like the Watergate affair, the original crime was not the thing that eventually brought down the house of cards.
It was the attempted cover up that did that.
The SFA may attempt to purge their in-house email servers but most are backed up elsewhere. The paper trail will most likely lead to some very uncomfortable places and people.
Paperwork, that the SFA are so pernickety about at various times but incredibly lax at others will be their undoing in the end.
Of course as much as the media will attempt to play this as an ‘Old Firm’ issue what the SFA have done tonight is actually ignore the wishes of the SPFL board. That will also be their undoing. For all they talk about the SFA being the clubs tonight they have told everyone that the SFA is a bunch of despots, up to their necks in scandal, desperately attempting to cover their backs.
On Grounds for Judicial Review
Far be it from me to question tactics with regards to the old club/new club debate but for a long time I’ve thought the best way forward is a reverse tactic.
Don’t ask the SPFL, and their legal stooge, as to why they are the same club: accept it.
Now stay with me on this one, yes accept it.
Ask them to confirm the SPL was made up of football clubs, prior to the amalgamation of the SFL and SPL, adhering to rules created by that league.
Ask them then to justify, from a sporting integrity angle, why the club that finished second in the league in season 2011/2012 ended up in the bottom tier of Scottish football?
Ask them why that same clubs prize money was withheld?
Doncaster has been quite forthright stating that the SFL’s record keeping was not as it should have been but let us see how the SPL’s stand up to scrutiny.
Under what rule/rules of the SPL was a vote required to keep a club in the league?
This is unprecedented that a club finishing second in the top league, anywhere in the world, is treated in such a manner.
Why was a vote even required?
Indeed, what was their justification for such a vote?
Why was that club forced to start at the very earliest round of the Scottish Cup as the SPL should have put them forward to be exempt from those earlier rounds?
Who failed in their responsibility to that club and what sanctions have been taken against that individual?
Was the SFA, as the country’s governing body, not concerned that one of their member clubs was being so harshly treated by its fellow members?
Was there any correspondence between the then SPL and SFA regarding this matter?
I could go on but I think you get the drift.
We as supporters cannot get them to admit that ‘The Rangers’ is a new club because they will just say that is their adjudication however what we can ask, and indeed are entitled to ask, is what were the rules that allowed such an unjust thing to happen to a member club when, according to them, they had committed no crime?
If what they did is not in their rule book, then they broke their own rules and someone should be held accountable for such a vindictive assault on a member club.
Time for Scots Government to Take Bull by the Horns
Haven’t posted for a long time but I was interested to read King’s statement regarding the funding of RFC and that the money would have been found from somewhere anyway.
That, in my mind, actually makes matters worse!
So, if you believe his statement, they deliberately choose not to play by the same rules as everyone else. According to King they had the money but decided to go down the route they did.
However, to go down this route they of course had to confirm to the various players in writing that they would definitely receive the money. This is what gave the player the assurance to sign the contract but RFC did not include this letter with the contract to go to the league and the SFA because in doing so would have made it contractual and therefore liable for tax.
That is the crux of the matter. It is the deliberate concealment of these letters which destroys the myth that this was simply an administrative error because if these letters had been included with the contract and other documentation then tax would have been payable.
On to David Murray and his statement. He had legal advice that everything was above board. Well advice is, by the very nature of the word advisory. It is not a guarantee. It is not definitive. It has as much authority as the next guys ‘advice’ which may be the complete opposite.
Then we have dear old Artur Numan. We won on the park fair and square was his cry. Well Artur you employed the agent who got you the deal and a side letter. As far as I know you signed the contract of your own free will. You did not sign it under duress so you, along with all of the other players, have to accept the responsibility for your actions. You were the guy who seemed to come from a footballing culture, at that time, where tax free wages were the norm.
Finally it has been reported recently that when offered a contract extension where Artur would be paid £20K a week paying tax instead of the £40k a week tax free he decided that this was not enough and retired. That won’t earn him a lot of fans anywhere considering most of them won’t earn in a year what he would have earned in a fortnight paying the same tax as everyone else.
.. and they wonder why nobody buys papers
The good news just keeps flowing down Govan way.
Niko Kranjcar seems like a good signing on the face of things. Well he is a name at least.
A bit like Joey Barton who will shout from the roof tops and our excuse for a media will duly print it.
However at the end of the day both of these guys are the wrong side of 30 and will certainly be unused to the physicality of the Scottish game. I would be surprised if either of these guys last ninety minutes regularly. They will have touches of class from time to time however they will not have the time on the ball they are used to.
I think it is also now safe to say that whatever has been saved by players leaving has now been swallowed up, and then some, by the recent signings.
There is no sell on value on any of these players.
As I see it this is the last gamble by a desperate board!
If these players hit the ground running, and they can go top and stay there until Christmas, then the three bears will be forced to anti up yet again in an attempt to get them through the season and access European money.
If this gamble fails and the team struggles in the top league then I think it is game over. This house of cards will collapse quicker than the previous entity.
The clock is ticking towards season start but if there are a series of injuries to the squad, injuries they did not suffer last year, then that will also impact on performance.
Meanwhile there will be no replica strips for the faithful to buy due to the fall out between King and Rangers Retail. This will hit them hard financially with no income at all as opposed to the pittance they were getting before.
In fact this will actually cost them more as they will have to buy unsold items at shop floor price but still, due to the exclusivity clause, be unable to sell it themselves. So they will have to buy the unsold units but still be unable to sell them themselves.
Once again we are watching high stakes, well for Scottish football, gambling.
This is a club continually posting losses very much like its predecessor.
It isn’t a business but a charity!
Everyone connected with it, that has money, is supposed to just shovel it down the money pit with no thanks because “it’s the Rangers way you know”!!