Podcast Episode 3 – David Low

By

The shareholders of RIFC PLC control and own the assets …

Comment on Podcast Episode 3 – David Low by PW1874.

The shareholders of RIFC PLC control and own the assets of the group. RIFC PLC have few overheads. What they do have though is a loss-making, debt-heavy, cash-poor subsidiary in the name of TRFC Ltd that has dozens of highly-paid employees. This subsidiary has massive overheads and very limited income. If RIFC PLC decided to place their subsidiary into administration by calling in their debt, I’m pretty sure every employee contracted to TRFC Ltd would be made redundant and all contracted sums due would have to file with the other ordinary creditors for payment. They’d get hee-haw

RIFC PLC would have no obligation to step in and use their property assets to alleviate the plight of all those creditors.

The only thing really troubling for the PLC at the moment is a downward share price, it’s TRFC Ltd that have the really serious problems.

PW1874 Also Commented

Podcast Episode 3 – David Low
http://www.bbc.co.uk/sport/0/football/27210616?utm_source=twitterfeed&utm_medium=twitter

McCoist’s comments on player wages seem in stark contrast to Mr Wallace and his 120 Day Review.

The Review version

The Club acquired a number of players in Summer 2013 that, based on financial forecasts, it should have known that it could not afford.

The first team squad has the second highest wage bill in Scottish football for a team currently playing in the third tier. The total player wage cost is well in excess of the level it should be primarily due to generous and poorly structured contracts that were awarded to some players when they joined the Club.

The McCoist version (BBC Website)

McCoist, who will hold talks with Wallace over his transfer budget for their Championship campaign next season, added: “And I probably should mention that I am totally against any indication that the players have the money.

“One or two people have wrongly questioned players coming in and money being spent.

“Just to put the record completely straight on that, we didn’t spend any money at all on the players, the budget came down, the wages in relation to turnover at the club is probably the envy of any club in world football.

“So although some of the money has gone on players’ wages, it is a very small fraction of where the money has gone.

“It (the ratio) is maybe 27/ 28%. I think the lowest in the Championship last year was 53 or 54% so that would give you the indication that the players’ budget should be well within the overall turnover and is within the overall turnover.

“So, I refute the players taking any stick at all on it, plus the fact that it wasn’t myself who offered the players the contracts.”

Mr Wallace really could be doing with a little more help, maybe his chit-chat with the Super One over next season’s war chest will iron out these difficulties.


Podcast Episode 3 – David Low
After 120 Days, I expected less corporate speak, less wishful-thinking and more plan.

It would appear the Review bemoans past mismanagement, lack of banking facilities and the inability to capitalise equity, but everything rosy and UEFA competition within three seasons!

I seem to be missing something.


Podcast Episode 3 – David Low
I have to admit there is a small part of me (very small) that does feel sorry for the Easdales. You covet something for so long that’s out of your reach, and just when you’ve made yourself worthy and got a tentative grasp on the object of your desire, along comes a powerful villain who’s decided your unworthiness and musters the forces of darkness against you.

The Easdales are much like Gollum in Lord of the Rings, driven by desire for possession of a corrupting precious they could never hope to control for long.


Recent Comments by PW1874

Did Stewart Regan Ken Then Wit We Ken Noo?
Whilst I’m full-square behind the noble intentions of this blog and its stated aims, personally, I do have to question what many of the posts made here hope to achieve?

Firstly, there are some posters who not only dominate proceedings in terms of number of contributions, but also in their sheer verbosity of commentary. Regularly these posts have little to do with the topic at hand or delve into the realms of technical obscurity, which more often than not, do little to further understanding or move debate forward.

Secondly, I also find the tendency toward the sometime Celtic-centric focus of posts detrimental to this blog. If you recap the contributions made following Anne Budge’s statement on the Hearts v Celtic cup tie, the Aleksandar Tonev case and recently, Sunday’s Scottish Cup semi-final, there is a mass of comment that does not belong on this blog, but in the fan forums of Club websites where tales of conspiracy, paranoia and raging injustice have a natural home.

It’s just my opinion, but if this blog wants to continue to be taken seriously within wider Scottish football, and more importantly, seek to influence and shape the change we all know the game is crying out for then this blog must retain its focus and purpose. It has to be more encompassing and inclusive and it has to be better than the plethora of other online fan forums within Scottish football.


Did Stewart Regan Ken Then Wit We Ken Noo?
I’ll also wade into “tackle-gate” despite knowing it’s best left to the respective fans forums to be all upset over. So here it is, primarily because I’ve found some of the previous commentary on it, respectively, irksome.

The Ryan McGowan tackle was poor, of that I’m in no doubt; it merited a red card in my opinion. That being said, over all three games between United and Celtic, the reactions of players from both teams to perceived injustices and tackles has been poor. Both teams have been equally guilty with regard to stoking up tensions where few should exist.

I also have a great deal of sympathy with the view that McGowan’s tackle was so similar to Brown’s in the very first game between the two teams, the one which kicked off this whole raging sense of injustice, that it does make you wonder where refereeing consistency lies in the matter of reckless challenges.

Finally, I’ve also, with tin hat firmly in place, while acknowledging Scott Brown’s many fine attributes as a footballer, reached the conclusion he is at times reckless on the field of play. And often I feel his position as captain of both Celtic and Scotland offers him a level of impunity currently not enjoyed by other players playing in Scotland.


Did Stewart Regan Ken Then Wit We Ken Noo?
Fan representation on any football club board should be saluted and applauded, in fact, there are not enough fans on the boards of our football clubs in Scotland.

That being said, the appointment of Chris Graham to the Rangers board shouldn’t and can’t be welcomed. As easy as it is to dismiss Chris Graham as a narrow-minded figure of fun, his appointment points to a willingness by the new regime at Ibrox to embrace, encourage and embolden elements of their support that have no place in modern Scotland.


Did Stewart Regan Ken Then Wit We Ken Noo?
Now the new board has taken the huge step in publically stringing-up Ashley’s lieutenants, it doesn’t take a rocket scientist to deduce the King faction neither want or need Ashley on their team. It would appear they are going out of their way to provoke Ashley into some action.

The question is, what are they trying to provoke Ashley in to doing?


Spot the difference?
Today the Scottish Government had the public launch of research carried out by the Independent Advisory Group on Tackling Sectarianism in Scotland – the report formed the basis of the Herald’s front page splash today. The Scottish Football Association were invited to attend and indeed were sent invites for two delegates – they did not attend.


About the author