Scottish Football Administration in the 21st Century

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ParanoidWellFan says: October 11, 2013 at 12:28 pm ——————————————————————— I get what …

Comment on Scottish Football Administration in the 21st Century by torrejohnbhoy.

ParanoidWellFan says:
October 11, 2013 at 12:28 pm
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I get what your saying.the ST holders are creditors of the club and the debt is written down proportionately as each game is played.
What I’m saying(probably badly) is that,from memory,the !st 7 mnths figs showed ST cash of just over £8m at an average price of £213 per ticket(35k STs approx).
Would that not show in the cash account as income during the 1st period but be balanced under creditors on the balance sheet,to be reduced on a game by game basis.17 home league games and a couple of cup ties.Say 20 games over the season.
Creditors balance would reduce by say £350k per game.I get that.
If,however,you can’t count cash received within an accounting period as income because some of it is deferred then,with £6.2m net received in the 1st seven months at an average of £213 added to your figure of £5m for period 2,then we have ST income of £11.2m.At the average stated,thats 52.5k STs.more than the capacity of Ibrox and 17k more than stated by the club.

torrejohnbhoy Also Commented

Scottish Football Administration in the 21st Century
Dave King. A man with convictions.: http://www.philmacgiollabhain.ie/dave-king-a-man-with-convictions/ … <– This! And love the headline, haha.


Scottish Football Administration in the 21st Century
From “Ibrox Noise”

Boardroom Chaos at Ibrox, What’s Really Going On?

With the ongoing chaos which permeates the Ibrox boardroom, it is almost impossible to know where to start. But I’ll give it a go.

Today saw the resignation of Chief Executive Officer Craig Mather and non-executive director Bryan Smart. Added to the resignation 2 months ago of Walter Smith as chairman, and the departure of non-executive director Ian Hart last week it is safe to conclude Rangers are not only deeper in the mire that acts like quicksand, but fundamentally rudderless:

Rangers now have no board.

The only ones left are Finance Director Brian Stockbridge and the Easdale Brothers, only one of whom is actually on the board. The other is on the sporting side, otherwise known as the Limited company.

So Rangers’ PLC board is effectively two men now.

That is a summary of how it looks on the surface. ‘Behind the scenes’, however, the pitiful mess that is Rangers FC makes for even more damning viewing. The number of soap operas, backstabbings, lies, deceit and betrayal would have Mr Struth turning in his grave.

There is no honour any more.

What follows is a bit of an exposé of some of the truly ridiculous nonsense most Rangers fans know nothing about. I will not go into sources or indeed too much detail, but I will sum up the events I have been informed of.

For a start, Rangers fans, myself included, applauded manager Ally McCoist for taking a 50% wage cut recently. Unfortunately the problem is this is, thus far, a complete fabrication. Ally McCoist’s wage remains at £875,000 plus bonuses. No wage cut has yet been taken by the boss.

McCoist also recently outed former director Ian Hart as a director who wanted him fired after the defeat to Forfar. Not actually the case at all.

My understanding is Hart was only critical of McCoist’s public verbal tirade against Charles Green (the whole ‘we need a cup’ comment), who was once McCoist’s boss. And suggested to McCoist, had he been his own employee, such a tirade from employee against himself (Ian Hart) would have seen Ally fired. Hart did not want McCoist fired, he was only being rightly critical (as I was at the time as well) of McCoist’s frankly ludicrous outburst at former CEO now consultant Green.

There was also Craig Mather making underhand dealings 6 weeks ago to ‘get rid’ of Hart and Smart as a deal to appease Paul Murray and his ‘consortium’. In other words, Mather was trying to make space on the board. That would have been acceptable had Hart or Smart been consulted and given their blessing but this was behind their backs.

Hart also saved Rangers a lot of cash by persuading Charles Green to quit with severance pay. Green could easily have sued Rangers in court for a lot more. Just like Sandaza nearly did, and would have won but for Rangers cottoning on to his case being so strong and settled out of court.

Then there is Brian Stockbridge; he did not take the bonus. He and Mather have both publicly confirmed it and my understanding is that at least is 100% true. It remains in the accounts contractually and nothing more. That one at least is honourable news but most fans refuse to accept it as the case.

Another piece of honourable news is that Ian Hart was not paid £28,228 expenses. Instead he was just given that in shares in the club.

The last thing I will touch on is the slightly embarrassing plans for the AGM. Mather and Stockbridge are/were so anxious about fan reaction they planned a 10ft stage with back exits and a tonne of police (no joke) so that they could be protected and escape if things got ‘heated’. For the executives to require body guards and a plan B is truly the most absurd thing. What did they expect? A swarm of 50 angry bears charging the stage wanting blood?

It is not a surprise Smart, Hart and Walter Smith quit. Albeit it probably is a surprise to many that while Malcolm Murray was the original ‘mole’, Mather and Walter were not averse to the occasional leak themselves.

Rangers could not be in more of a mess right now, with no board, no leader, no direction, and a now-postponed AGM meaning new appointments cannot be made until just before Christmas.

Still, at least the stuff on the pitch is worth cheering.
Posted by Ibrox Noise at 13:36


Scottish Football Administration in the 21st Century
Torquemada says: (24)
October 16, 2013 at 10:57 am

So is Stockbridge the last of the original Spivs standing? So much for we don’t do walking away. 😆

If he’s still there at the end of the day, I’ll be surprised. Especially if Mr Ahmad gets a bit of cash ringfenced.
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This has put my brain cell into overdrive.
If Stockbridge walks what happens?.
Who’s left to run the place,pay the bills,organise the court cases,AGM, etc.
What happens if there comes a time when there are no active directors?.


Recent Comments by torrejohnbhoy

Accountability via Transparency.
Probably talking rubbish here but what happens if,after debt for equity swap,SD get awarded the around £10m they're reportedly asking for.A move that could trigger a recall of Close Brothers loan.Rangers could find themselves once again with debts of circa £15m.If they can't/won't pay then they could themselves in administration.Unless there's debts we don't know about,then Ashley/Close would control over 75% of said debt in a CVA  scenario.Where would that leave RIFC?.


Accountability via Transparency.
Morning all.

wrt the Whyte/Green switcheroo,I have always believed that Greens very public admission that he stiffed White was not a mistake but a deliberate action to place in the public domain,evidence that would support any future claim by  Whyte or anyone representing either him or future owners of the fixed charge claim.

They were(maybe still are) partners,after all.


One, er, Two Rules to Rule Them All
Update on Ashley V King:

 

Rangers lose latest round of merchandise fight with Sports Direct boss Mike Ashley

By Evening Times Online

 

Rangers lose latest round of merchandise fight with Sports Direct boss Mike Ashley

BOSSES at Rangers Football Club have lost the latest round of a High Court figh

A judge was asked to rule on a disagreement over the meaning of terms of agreements bett with Sports Direct boss Mike Ashley centred on merchandise deals.ween Rangers and a company in the Sports Direct Group.

Sir Ross Cranston on Wednesday said he had ruled in favour of SDI Retail Services.

He said he had made declarations, on the meaning of parts of agreements, "along the lines sought by SDI".

The judge analysed legal argument at a High Court hearing in London in February.

Rangers also lost a round of the fight in October.

Another judge ruled that Rangers had breached the terms of an agreement made with SDI.

Mr Justice Teare concluded that bosses at Rangers had made a new agreement with another firm, the Elite Group, without giving SDI a chance to match that firm's offer.

SDI bosses have made further complaints relating to other agreements involving Rangers and Elite, and Rangers and Hummel.

Rangers bosses dispute claims made against them.

Another hearing is due to take place in April.

Decisions about damages which Rangers might have to pay could be made after that hearing.

https://www.eveningtimes.co.uk/news/17497933.rangers-lose-latest-round-of-merchandise-fight-with-sports-direct-boss-mike-ashley/

 


We’re Gonny Need Another Baw.
Just my opinion of course but I think there's no real ambition amongst most of the clubs in Scottish Football.It's like a cosy wee cartel where nearly every club is happy to tread water.If it was up to me I'd have a top division of 18 with 3 automatically relegated,2 regional divisions below this with the 2 champions automatically promoted and the 2nd & 3rd of both divisions playing off for the 3rd promotion place.If the game is to progress,we must find a way to allow ambitious clubs to climb the ladder.Follow the pattern with regional leagues below these.

Find a way to distibute any cash raised by centrally organised contracts more evenly.Give a lump sum to each division and split it evenly between all clubs.Although the clubs are rivals on the field,they are also inter dependent on each other.TV deals etc are negotiated on a league basis so divide the cash equally.

Of course this could be tweeked but the overriding principle is one of making sure ambitious clubs get a better chance to succeed.


We’re Gonny Need Another Baw.
Cluster One 25th January 2019 at 20:33

Could this be the softening of the bears. “Listen we had to sell our best player even if we did not get the price we wanted,listen we are a loss-making club and cannot run on loans indefinitely we had to sell.What else could we do?

=================================

Who may actually bid for Morelos?.

If discussions elsewhere online are correct,then he definitely wouldn't meet the criteria to gain a work permit to play in the EPL.They're quite strict & any appeal would be unlikely to succeed.Not many EFL clubs have the cash TRFC are hoping to raise by a sale.I can't see many top European clubs being interested either.Who knows,he might just end up in China after all,100% tax not withstanding.

No such problems for James Tavernier,though.The future England Right back/captain can move freely so there's a possibilty TRFC may get a wee windfall which could cover the cost of the Defoe,Davis loans.

 


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