Podcast Episode 3 – David Low

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Twopanda says: May 2, 2014 at 8:29 am 33 1 Rate …

Comment on Podcast Episode 3 – David Low by Resin_lab_dog.

twopanda says:
May 2, 2014 at 8:29 am

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Today`s the day then – admin day or not
Not convinced about admin being their choice
[Until we hear of the mad dash across the M8 this morning 😉 ]

If they go back to the CoS pleading insolvency after blowing 67m
They`ll throw the book at them
As for tails between their legs – they`ll be lucky to keep both

And then what
Presumably a pre-pack needs to demonstrate a `going concern`
Good luck with that

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Good point.
Idle speculation, but:

Q. Could it be that there actually are legal incumbrances to an administration?
Is it possible that such an event might render some of the board members past and present liable to individual sanction for failing in their fiduciary duties?
Could this be the reason GW et-al trying to avoid this – to the extent that the Easedale’s were loaning finance to keep the lights on?
Are we correct in our assumptions that hitting the big red button would be as pain free a process for those at the helm past and present as it seems.
What obstacles could be presented to this?

Resin_lab_dog Also Commented

Podcast Episode 3 – David Low
No1 Bob says:
May 5, 2014 at 5:24 pm

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One think that jumps out is that Ibrox 1972 seems to have a better credit rating than RIFC plc or ‘the club’ as Dave calls them.

The Q&A confirms:

“We are not providing a 10 month payment option but, unlike the club, you have the ability to pay by debit and credit card.”

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Not necessarily.
The cardholder can supply card details to the trust.
The card company can take payment from the cardholder when instructed.
It need only pass payment on to the trust when it receives in exchange whatever guarantees it needs to discharge its liability with its own insurers.
In the case of TRFC, GW took the view that the required guarantees (security of Ibrox) and costs were prohibitive (or unaffordable).

Now it may well be that DK has been asked for less in the way of guarantees (I doubt it – a brand new company with him as a director???)
Or he may take the view that the guarantees he has been asked to put forward are affordable
(fat chance. See above).
Or he may take the view that he can put up other security from elsewhere to meet these requirements (entirely possible).

Or it may be that he actually has no intention of ever collectinhg the money for season tickets at all and is simply posturing, by taking a stance that the board could not agree too in any case (because of the contingent liability that sits on Ibrox already and prevents them from borrowing against it already), so whether he claims to accept credit cards or not is totally academic. Any money that is collected will stay with the clearuing house until it is returned to the client, minus processing fee.
(yep… that’s where I’d be betting!)


Podcast Episode 3 – David Low
briggsbhoy says:
May 4, 2014 at 8:39 pm

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Ryan

I’m with Madbhoy as I believe Miller could still do a bit for any team in Scotland’s top league and he would be a good experienced player if he went to ibrox. That said I do understand where you are coming from and in the current situation is maybe just paper talk, we are of course approaching the silly season for signing targets.

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Some of this will be agent PR fluff as well.
Linking Miller with TRFC is an easy way of shop windowing him in the red tops to anyone looking for a free agent.


Podcast Episode 3 – David Low
upthehoops says:
May 4, 2014 at 9:37 pm

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On the subject of a possible Kenny Miller return to Ibrox. I love the way, at least in the media, that players like Miller and Boyd are discussed in a way as if they can’t go to any other club. Why can’t Miller go back to Easter Road for example? Butcher will be re-shaping the team and Hibs are in far better financial health than Rangers. Likewise why can’t Boyd go to Aberdeen?

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I am afraid I must reluctantly side with the :slamb: on this one.
“Why can’t Miller go back to Easter Road for example?”
Easy.
Butcher and Malpas have a very sound understanding of what players are worth and what they should be paid. There are still players at Caley signed by those 2 for peanuts playing for buttons and doing the badge proud, and loving their football.
That is where that management team really adds value in fact.
Ally McCoist on the other hand…


Recent Comments by Resin_lab_dog

The Offline Game
Here’s why the TOG report should desperately concern every fan of Scottish football. Here is why this is not some Celtic obsession.Let’s (for the sake of argument) leave the events of 2012 behind us and all move on together arm in arm with a spirit of cameraderie and good natured competition, come one, come all, TRFC fans and allcomers… hail fellows well met…Wind forward a few months to April 2017. Its been a mixed season on the park for TRFC and a very bad one off it. Legal bills, unforeseen costs and some straw breaks teh camel back. Another insolvency looms, but the board so thi scoming and a CVA looks possible this time.o among us has any confidence that our administrators would act without fear or favourIt could happen. But… oops… an insolvency means a points deduction. And a points deduction might mean relegation. Who upon reading  the TOG report could have any confidence that our adminsitrators would not intervene unfairly to prevent such an occurrence?Who among us (CFC fans probably excepted by virtue of league strength) can be sure that it would not be our club – who played by the rules that should apply equally to all –  that was unfairly relegated instead? Why would I turn up for an alleged sporting contest where this very possibility was even countenanced?Not I!


The Offline Game
Good stuff!
I’m still catching up after an enforced absence due to family circumstances, but glad to be able to get back to this.
And so – in summary – where do we find ourselves today?
Well to buy a ST – or even a match ticket, or not? That is the salient question.
And the answer is – for me – overwhelmingly : Not.

And Why?

The game is conspicuously rigged. And rigged by the very people who were charged with keeping it honest.

And we are being kept in ignorance of this fact.

And Kept in ignorance by the actions of the very people who should be charged with keeping us informed.

Its all gone a bit North Korea in Scottish football.

So its perhaps not surprising that fans like me will be ‘heading South’ so to speak.

Shame. There’s alot to like about ICTFC.
If they could only find an honest league to play in, things would be rosy indeed!


Whose assets are they anyway?
There is a way forward. 
A new rangers logo. 
We
An rfc crest 
Cheated. (Sorry) 
That would circumvent the mash ip issue, reconcile Scottish football. 
It’s not the desire to punish former rfc fans (hail fellow John james, well met) that motivates me. There but for the grace of God and all that. No time for the knuckle draggers. But without a blatant nod in the direction of the cheating that was tolerated hitherto, games a bogey for all of us. We are here to compete against ranjurs. On a level playing field. We lose fair and square so be it. But when you tilt the park until you are sure to win, as you did for a decade, be sure to keep your nadgers out of range! We are not kicking you when you are down. We are pulling you by your exposed scrotum back into the real world from a mental illness that had consumed you and hurt us. The appropriate response is gratitude. Hint.


The Case for a New SFA.
Viz top tip:
Are you a Scottish sports journalist or fan of Ibrox club struggling to understand the meaning of the word “liquidation”? 
Simply Google ” Redcar steelworks”.
Then grow a pair. 
And stop insulting the intelligence of everyone else in the world and spare a thought for some genuine victims who were not the architects of their own downfall. 
#dignity


The Case for a New SFA.
EPL pricing out fans.
It Will not end well.
Economics 101
…poof! 
Addicted die hard fans are already deserting the Bollinger of Stamford bridge for the Buckie of lower league outfits. Have you seen the price of an EPL season ticket?
And all it takes is one EU or TTIP legal challenge and TV money is vapour! 
And what does that leave?
Unpaid bills and dishonoured contracts. 


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