Podcast Episode 3 – David Low


Ernie says: April 25, 2014 at 3:29 pm 0 …

Comment on Podcast Episode 3 – David Low by iceman63.

ernie says:
April 25, 2014 at 3:29 pm
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The SFA have no obligation or duty to speculate on whether this version of Rangers will or will not live within their means next season. They (this Rangers) are entirely capable of cutting their cloth to suit and complete the next and many more seasons. Not to mention that, given the amount of ST’s they sell and crowds they get, would be better off than 40 of the other SPFL clubs who live day to day on free transfers, youths and a wage bill and running costs marginally within their income at best. With the odd exception they strive to get through each season without increasing their debt and cost of maintaining same. The fact that we (totally justifiably) cannot see this Rangers doing anything other than business as usual is neither here nor there, that’s entirely their choice and if they go titsup during the season they will have to live with the consequences. The SFA can not speculate any more than they can if they heard that Stewarty Milne will throw a wobbler and sign up a bunch of mediocre SPL tradesman at 7k a week and appoint a favourite ex striker (Joey?) on 800k a year with a business strategy that had little chance of an outcome other than going bust. Not their fault or their place to speculate. It’s up to the clubs to manage themselves properly

They very much do have such an obligation.
Rangers status as a “going concern” was modelled on an uptake in ST income – this seems utterly unfeasible given today’s announcements of a withdrawal of card payment services ( just how serious that is should be mulled over by all – it is somewhere between utterly grim and terminal imho).
Their overheads are such that even with an administration event , there is no guarantee that sufficient funds could be found to run the club legally ( admittedly D and P managed to add 4 million of debt whilst running it ) the cash reserves are all but gone, the pay at the gate cash may not be sufficient to maintain the club even on a day to day existence basis. There is every prospect of failure at some point next season.

Both the SPFL and SFA have clear duties to their respective stakeholders and to the tournaments and competitions that they oversee. They do not need to speculate or make assumptions about Rangers financial status – it has been revealed in black and white. Any other club issuing such a statement would by now be in receipt of demands for guarantees that they can complete next season (and rightly). Responsible governance of the game can demand no less. ( I know!)

iceman63 Also Commented

Podcast Episode 3 – David Low
The Newclub /Oldclub debate here is distinctly esoteric, but for me the attempt to portray Rangers as a continuing entity has led directly to the present meltdown at Ibrox.

The SMSM narrative of SDM being duped and selling a club with reducing debt to a reckless CW who then crashed it and delivered it subsequently into the hands of not Rangers people is directly behind DK’s delusional obsession with beating Celtic as being their sole benchmark. The Union of Fans and the SMSM appear also to have bought into this madness.

As a direct result, Rangers in any form cannot be run in any way that makes sense and thius it is , effectively, inoperable.

If it seeks to institute austerity and cost-cutting and living within its means, significant portions of its fan base will refuse to accept this reality and, cheered on by a wilfully opportunistic press cohort , accuse those seeking to impose reality of treachery – We saw this as early as summer 2012 when Green’s original plans for a reduced cost base led to a failure to gain any ST sales – only by pressing the old club buttons and mentality can the support for the enterprise be sustained – and that support in financial terms will always lag behind the money needed to generate it.

The only survival they can have is to pony up to buying full price season tickets to watch a team with a vastly reduced cost base. Ally’s recenbt utterings reveal the impossibility of getting the manager to agree to this, and the reaction of Union of fans and other groups show the impossibility of selling this to the fans.

They want a 2011 Jag for the price of a 2003 Corsa – and they won’t be told.

The supporters did not kill Rangers, but their denial of this death, and their grandiose delusions have prevented any viable new entity replacing it.

Podcast Episode 3 – David Low
This statement proves categorically that Rangers simply cannot survive for the duration of the next season without massive external inputs of cash ( investment as it is euphemistically called in Wallace’s statement). It offers no specific source for that investment (presumably because there is none), and the withdrawal of card payment facilities ensures, I think, that very few ST renewals will take place – thereby aggravating the already crippled cash flow position.

Given this very public statement , and the need to ensure fixture lists are completed in season 2014-15 , should the SPFL not be demanding a securitised bond from Rangers guaranteeing their ability to fulfil fixtures (a la Livingston), and failing the appearance of such a guarantee should they not then immediately place Rangers into the lowest division of the SPFL so that should any highly probable collapse take place in the next twelve months, then the disruption to the fixtures, and to the integrity of the league will be kept to a minimum.

Precedent has, after all, been set – but somehow I suspect the silent monkeys running the shows at Hampden will continue their dynamic do-nothing policy until the lights finally go out over Ibrox – then appear shocked, dumbstruck and grief-stricken as they seek to cobble some more nonsensical creations to dress in Royal Blue, to capture the pennies from the Ibrox faithful – once more!

Podcast Episode 3 – David Low
It is often true that any cultural or sports enterprise’s reputation can be judged by the quality of its sponsors. Scottish football cannot source any spinsorship for its entire league structure – uniquely in any modern sports competition. Its other sponsors are a bookmakers, a pawnbrokers and the government laundering proceeds of crime. Says it all really.

Recent Comments by iceman63

Launch of SFSA Fans’ Survey
I am with Bopster. The fans should simply walk away, and understand the entire enterprise of Scottish Professional Football is fraudulent.
The passion of fans is used by cynical owners as though it belonged to them and not to the fans themselves. All fans need simply to become ex-fans. I became one in 2012, and have not been back.
Show the businesses that you are ethical customers not simply assets of the cub and do do walking away.
Only then can a clean game emerge. If fans say this is a fraud and walk away, then, and only then will the clubs respond. Then and only then will action be taken..

Launch of SFSA Fans’ Survey
I think the next step is now down to Lawwell and Celtic. They should instigate a judicial review and hand over the whole shebang of cheating evidence to UEFA. If they fail to do this, then may I suggest too the Celtic supporters who did not act as me to give Celtic an empty stadium with thousands protesting outside as the flag of shame is unfurled. The fans should then either walk away or enter once the flag ceremony is complete.

Launch of SFSA Fans’ Survey
Perhaps the most effective and immediate course of action is for all fans of Scottish football to cancel all subscriptions with SKY and BT Sports. If even say five or ten thousand cancellations with reason given that their companies are supporters of fraud rather than football were received that may create some difficult discussions for SPFL board.
I would boycott games, but my boycott of all Scottish football has been ongoing since 2012. I think my choice has been vindicated by the inevitable subsequent squalor that Scottish Football has descended into.
My main regret is that the vast majority of my fellow supporters including every other member of my family, did not follow suit. Had the boycott been sustained in 2012 by the fans, then this disgrace would never have come to pass.

Peace – Not War
We owe a lot to Phil. His is still the only book to be published on the demise of Rangers. He is still the only regular blogger left who has the courage not to hide behind anonymity, and while he is sometimes a bit off, or a bit hyperbolic in his style, he does still produce scoops that no other named individual is prepared to publish.
There was, on this site, considerable “sniffiness” or “lack of sniffability” about Phil’s fiddling on the roof exclusive. The missive from the Scottish Government shows that, at the very least, the issue is real, is live and is being monitored.
Shamefully, this admission is once again being ignored by the SMSM- in its entirety. Were this any other club, we can imagine the hysteria, and righteous indignation and possibly hyperbolic response that our tabloid press, and tabloid TV and radio would make of such a revelation. I suspect continued silence from the relevant council and club would be condemned utterly and there would be a wholly justified demand that all relevant documentation, from surveyors, to contracts, to proposals for remedial work, to guarantees of public safety to be placed in the public domain, immediately as a matter of urgency, but with the Ibrox outfit, even with something as potentially serious as this situation with a potentially unsafe roof, we get nada.
We truly are appallingly misserved by the culture of antijournalism amongst journalists in Scotland. They are failing in their basic function in a democratic society. The fourth estate is, to all intents and purposes, now only extant at all in Scotland, online.

Journey’s End?
I just realised that with a loss to Hibs, Rangers have now lost more games in the lower league this season, than Celtic have in the league above. Yet Warburton is lauded as a genius and Deila has been sacked. Trump gives the impression that the system is rigged against him, yet his actual vote percentage is far less than his percentage if delegates, in reality the system is rigged in his favour.
In this world, perception now defeats reality. Hence, I think, the reason for the drop off I SFM and support. There is a feeling of despondency and defeat based upon the perception that cheats have prevailed. The reality is of course somewhat different. The SFA still face a day in court over the fit and proper persons test, LNS is not the final word, and once all appeals are over legally, it will be revisited, and as Phil remind us Rangers are a loss making business, held in existence by personal finances with no line of credit from the bank, in other words a fundamentally unstable institution.
We appear to be defeated, but it may in fact still be November 1940, with a long road ahead to victory.
Or we may, in fact, be totally screwed.

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