Podcast Episode 5 – Hibs Takeover ?

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Redlichtie says: September 4, 2014 at 11:13 am Scottish football has a …

Comment on Podcast Episode 5 – Hibs Takeover ? by Tincks.

redlichtie says:
September 4, 2014 at 11:13 am

Scottish football has a strong Arbroath 😆

Tincks Also Commented

Podcast Episode 5 – Hibs Takeover ?
Rhapsody, Ryan,

Heaven help me, I never thought I’d say this to the fans of any team but your best hope may be for Mike Ashley to end up in control.

Selling shirts is the one guaranteed cash cow for any club. In this case seemingly handed on a plate to MA long ago. So MA seems to be one individual with an incentive to keep the show on the road.

If MA ends up in the driving seat the cost cutting will be brutal.

He is a proper hard nosed businessman. Ironically that could see rangers finally being run on a sustainable basis. £1 in for every £1 out. That’s how he rolls at Newcastle.

But, this is just one possible scenario like others speculated on here. We are all just making our best educated guesses.

I honestly have no more clue than anyone else what the future holds for your team. It could be grim and terminal. But I really hope that something works out for you. A sustainable club run by people who care (the fans) playing for the pleasure of the competition. How good would that be?

It’s a long shot but fingers crossed.


Podcast Episode 5 – Hibs Takeover ?
mcfc says:
August 21, 2014 at 1:25 pm

23. Competency – Ally McCoist as manager


Podcast Episode 5 – Hibs Takeover ?
Re the mystery £12m loan offer.

There is no clear indication as yet that either the board would recommend this or that a majority of shareholders would agree to it.

What I do believe is that if the TRFC/TRIFC are desperate enough to take such a loan then someone will be in a win win situation.

Either they make a small fortune when the loan is repaid or they gain a stadium that they can then lease back.

Even if you didn’t get a penny back on the loan and could only lease the stadium for £1m per annum that’s a lovely 8.25% return on capital.

Get half the loan back, then the stadium and rent it out for £2m per annum and you have the deal of the century.

The sums add up for the mystery money lender. Are Wallace and Nash in such a hole that they will do the deal?


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Enough is enough
Link to Ranger’s accounts.  

Click to access Rangers-Reports-and-Accounts-2017.pdf

Need to dig out last years accounts to double check but I am almost certain that the £6.7m loss is well in excess of the shortfall which was highlighted/anticipated in last years going concern.  


Time to Ditch the Geek Show
upthehoops October 27, 2017 at 16:15   
Phil Macgiollabhain saying the Ibrox board have discussed going into Administration with no decision yet made. I know many on here have questioned why they would do that given there is no external debt, but as Phil says it would be a way of getting Pedro’s expensive duds of the books.  Would Administration mean the soft loans would have to be written off to pennies in the pound though?
———————————————————————————-

Being a loss making business without a credit line from a bank is sustainable for so long as someone is prepared to cover those losses.  Once that support stops then some form of insolvency event is inevitable.

If persons have put that money in on an unsecured basis and the business can’t be made profitable then they are never, ever, going to get their money back.

So, there may come a day when writing off that money, (which has effectively been lost anyway), in order to get hold of a restructured business, (via a CVA), shorn of as much of its cost base as possible, might seem the least worst option.


Time to Ditch the Geek Show
JC,

It’s the almost desperate pathological need of both the English and Scottish FA’s to protect their own that is so striking to me.

The twist for the Scottish FA being that there is a particular immortal “Club” that they include as one of their own.  


Time to Ditch the Geek Show
A bit off topic but I’ve put a link below to the BBC’s coverage of the parliamentary hearing into mismanagement of racism allegations by the English FA.

But I am struck that a group of parliamentarians could take information that is in the public domain and so decide to hold  a hearing to see if the leadership of the FA is up to the job.  

What an extraordinary idea! 

http://www.bbc.co.uk/sport/live/41663009

If anyone has the time to read Eniola Aluko’s evidence (from 14.30) I can recommend it very highly.  Her clarity and eloquence in taking apart the FA, knowing that she is surely ending her international career in it’s prime can only be admired.  

“Gasps as Aluko tells MPs FA boss Glenn told her that if she made statement that FA was not institutionally racist, her payment would be made”


Time to Ditch the Geek Show
Many thanks as ever to SFM’s dynamic duo of court reporters.  Caped Crusader JC and Boy Wonder EJ.

JC – Good points re Lord B’s role and deliberations in yours of 10.09

In all the on line chatter re the case what caught my eye the most was a series of tweets by James Doleman.  To paraphrase, James was saying that he had read Alasdair Lamont’s tweets from Thursday and JD was cautioning that his gut instinct was that Lord B might end up siding with DCK in this matter.  

JD was very careful to add caveats but was effectively saying that there might be an outcome to this case that many might find surprising. 


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