The Continuing Voyage of Scottish Football – and the Wrath of Khan


Sarantseville says: August 23, 2012 at 17:56 I believe it was Lyndon …

Comment on The Continuing Voyage of Scottish Football – and the Wrath of Khan by Auldheid.

sarantseville says:

August 23, 2012 at 17:56

I believe it was Lyndon Bains Johnstone who said of J Edgar Hoover “Better having him inside the tent pissing out than outside the tent pissin in.”

I reckon Mr Brown and his cohorts got an invite from inside the tent where they were appraised of what is really going on. asked if they had an alternative plan and were told to forever hold their peace or (hold their piece.)

What is really going on is what would be nice for the general Rangers support to know.

Auldheid Also Commented

The Continuing Voyage of Scottish Football – and the Wrath of Khan
Fan Club says:

August 23, 2012 at 17:19

Ticketus bankrolled CW because in return they get a bite at each bum on each seat at Ibrox for a period of time. (Not a pretty picture at any stadium).

They can get the money back either from CW who gave it to Lloyds who were owed it and unless CW has wealth off the radar they are on to plums with their bums relying on him


they make sure that Ibrox continues as a football stadium where bums will continue to be placed on seats.

They move that investment into a long term payback portfolio but with the natural guarantee because, as we have just seen, football is invulnerable to the laws that apply to normal business, they will eventually get their money back.

Not only that but the business which they choose to support will at least double its income in two years, maybe three with avenues to even more and the choice is get nowt now and forever or get paid back over a longer term at a higher rate. Thus the reasons for Ticketus owning the seats at Ibrox, if not Ibrox itself are pretty clear. Also clear is why they would not want to risk it turning into ASDA and to do that they had to be involved in the administration.

Remember when we all wondered where CW got the money to pay Lloyds and speculated it might have been borrowed and how the idea of it coming from Rangers fans via Ticketus was thought unlikley? Looking back it now seems obvious, I think looking back Ticketus still getting their share will become as obvious.

To make it all make sense look at it over a five to ten year investment period. Whats not to to like? A club with a huge unthinking support backed by an unthinking national association and unthinking member clubs with poor to average credit facilties that advanced sales can help with..

Implement tight wage control and its candy from a baby.

Rangers supporters might moan about the standard of player/play compared to what they were used to but the alternative of unaffordable glory spend will look much less attractive now and normaility will be restored with revised expectations.

The Continuing Voyage of Scottish Football – and the Wrath of Khan
Fifer says:

August 22, 2012 at 17:34

If you go back a few pages to mid day posts there is one by me that links to a possible business model that raises questions on the purpose of a share issue. Is it a means of paying off uncleared debt to Greene and or Ticketus in order for the reduced ticket income to go totally on players wages or will it go towards wages that are unaffordable without that cash injection?

Lack of transparency on the previous business model under Murray was a major contributor to Rangers demise. There is a marked lack of transparency in Greene’s dealings and if I were a Rangers supporter I would want to know where any capital raised from a share issue was going.

Is it either
a) to clear off money Greene borrowed or
b) pay players wages the business model for the next 4 years cannot otherwise afford.

The risks associated with the second should be well understood before any investment is made.

The Continuing Voyage of Scottish Football – and the Wrath of Khan
There was an excellent analysis of Sevco’s spending ablity on the southeast asia blog. I have taken those figures and added later SB sales figures to revise the “breakeven through affordable wages calculator” that I have linked to before. Affordable wages is the key.

The new version is at

Points to note are Sevco can pay good enough wages to climb out of the lower tiers but I believe there is a price to “saving” the club that will either be a repay to Greene or (as I suspect) a larger repay to Ticketus. )

The repay start has been delayed and the clawback level set to recover the £8.5M price at 7% (but I appreciate it might be £5.5m reducing the payback time). If Ticketus are still on the scene the percentage of ticket sale clawback rises to 22%. The impact of this will turn the bottom line red and the wages shown will need to be reduced to break even (turning the Bottom Line black) giving Celtic a big wage advantage (and no ebts to offset this time).

This is why a share issue is vital to Rangers future because the original debt (remember the £18M that CW “paid” never really has been and the guys who loaned that money will want it back. Rangers supporters should be told exactly where the money from any shares they buy into is going. The club have to start operating as an organisation that pays its debts. As can be seen from the figures the tra la la days of big wage spending are over even with a share issue so player development (like Celtic who are years ahead) has to be the way forward.

It is of course possible a share issue would be used to buy and pay the wages of players that the projected income in the calculator does not cover. Rangers supporters should be wary if this is the aim of a share issue for what happens three years down the line if a “share steroid” fails to produce CL money? Another share issue? Other clubs, particularly Celtic need to be wary too as we know what happened when Rangers had to win titles to get CL money to stay alive.

All the foregoing is redundant if there is no clawback but such is the impact on affordable wages it really has to be clarified particularly if Rangers supporters are to be sold shares.

Other stuff.
I have assumed there will be an attempt to place Sevco in a higher division under reconstruction and so have reduced the time away from SPL by one season. The arguments about the rights and wrongs on this will flow endlessly but if it happens the SFA will need to be completley open about everything, no scare stories just plain honesty AND with a committment to make club licensing as transparent as possible by publishing the figures in the round on which they grant each club a licence every year.

The assumptions ot sources of figures are in the comments covering the cells and I have checked I have the references right but in making a change later I may have missed the reference changed. This will not effect the calculations only where you can read the figure actually used.

It is a “living document” in that it can be amended (this is the third version) as new information comes out and assumtions fall away and I would be grateful if a permanent link could be held somewhere on TSFM for later reference. The link to the saintinasia blog is in the spreadsheet and together both items provide a reasonable guess at Sevco’s business case to help all supporters but particularly Rangers fans to keep an eye on Mr Greene and his backers.

Recent Comments by Auldheid

It Is Better To Offer No Excuse Than A Bad One
The allegations on CQN that Bobby Madden has a gambling problem surely require his  removal from the the firing line until the allegators are proved wrong.
No snap decisions, just a leisurely swim until there is no question as to his motivations. 

It Is Better To Offer No Excuse Than A Bad One
Dons/Hibees/Jambos and any other club wanting a UEFA spot.
Flogging players who have put TRFC near top of league is an admission those players unaffordable.
The solution is to make a licence for TRFC conditional on a realistic sustainable business plan. SFA are not doing their licencing job. Never have in fact.
So what questions are your club Directors asking the SFA?
Why not get them to ask UEFA if they are happy with the way SFA process licence applications from Ibrox. Seems UEFA not happy.
Proper club licencing can level the playing field a bit but it also protects all clubs from charlatans selling jam tomorrow.

It Is Better To Offer No Excuse Than A Bad One
Allyjambo 21.41

Matthew Lindsay: Time for Dave King to depart Rangers – but who could take over at the Ibrox club?

Rangers need to be run by individuals whose integrity is beyond doubt.
Do such individuals steeped in blue exist?

As rare as a dodo nesting on an iceberg in Carlisle Bay, Barbados.
” No problem can be solved from the same level of consciousness that created it.” Albert Einstein

It Is Better To Offer No Excuse Than A Bad One
I got my electronic copy of Not The View delivered yesterday.
Browsing through I thought I recognised The Christmas Tale offering and was pleased to read it as I had forgotten it was a tale I told at Christmas in 2012 (on CQN I think).
I think it worth repeating as a reminder of why SFM exists – because we love football and we love Scottish football and we aren’t done yet.
See me?
See me?
Ah jist luv fitbaw.
Its funny cos I was never that interested until about age eleven when a good pal, who was destined never to see his 21st birthday after a car crash in Rome encouraged me to try it. John was there to become a priest but got fast tracked by the Big Man who knows a good guy when he sees wan.
John encouraged me to give it a go in Suffolk St.  We played “croassies in” with the metal pull down blinds that formed the gates to the interior of the Barras as goals. Plastic baws, Fridos then Wembleys, arrived about then and many a red hot poker made the game a bogey in a failed attempt at repairing a burst baw.
(I blame the whelk shells; they were aw ower the place from the Oyster Bar in the Gallowgate (where I was entrapped in the cellar two weekends in a row cleaning whelks and mussels) and the ravenous appetite of the Glasgow punter for shellfish.
I played fitbaw morning, noon and night and saw Glasgow Green pitches UPGRADED from black ash/clinker to red blaze. We thought we were Wullie Fernie playing on that stuff and there was a case for playing with 10 baws as teams were filled with tanner baw players (goalies were just last man standing) for whom the object of the game was to beat everybody else in the opposition before scoring or it wisnae a goal.
I remember wan night  at the Glasgow Green waiting to play for St Alphonsus v Our Lady of Fatima  when I saw Tony Green, who was a Mungo boy and went on to play for Newcastle and Scotland before injury ended his career too early, waiting, sannies under his arm, to get a game with any team who were a man short. I think the OLOF manager mugged wan of his boys as Tony appeared for them and turned a virtuoso performance against us to give OLOF a 3-2 victory.
I started work and went to London for a year to work in the old Post Office Savings Bank. In my first week Jock (a Jock) approached and asked if I played. He never mentioned the sport, he didnae hiv tae, we wur already communicating at the spiritual level only fitbaw lovers can reach (the kind of thing that electrifies CP on CL nights.)
I get directions fur a game oan the Saturday at Acton Town and turn up, new Puma boots, paid by my transfer grant, under my arm (nae sannies fur me) On entering the park ahm puzzled, there wiz GRASS everywhere, nae clinker or red blaze in sight.  “Must be roon the back of the dressing rooms “ I remember thinking.
Anyhoo I gets changed runs roon the back to see — MAIR grass as far as the eye can see. So I troop back tae the dressing rooms to get directions to the ash pitches. When I explain what ah wiz used to playin oan they aw jist looked at me like my village wiz searching fur their idiot.
Well I get sorted out and line up. The baw, I remember, wiz a size 5 orange wan, but no wan o they bricks wi laces. The first pass to me wiz high and ah chests the ball doon and whirls roon afore I get studded from the back as wiz the custom oan the narrow pitches of Glasgow Green. To ma amazement the nearest opponent to me is about 4 yards away. As I look into his eyes I smile and turn to Jock at the sidelines and shout.
“Yer gonnae need anither baw” as I meander off in pursuit of the only goal that counted for a tanner baw man. I think I managed 7 before netting and I’ll take that. It wiz oan unfamiliar grass after all.
 Postscript “Aye very guid Auldheid” yer thinking (if you have stayed with me so far.)
“Nice reminiscing and it is Christmas Eve, so thanks fur the memories. “
But there’s mer tae this tale fur
See me?
See me?
I jist luv fitbaw.
Its ma game, its  OOR game and when I see the mess those responsible for looking after its welfare have made of it ah want to do something.
I hope ahm not alone.
Dec 2012

It Is Better To Offer No Excuse Than A Bad One
That Dave King is allowed any influence in Scottiish football is a dereliction of the duty of the SFA to protect our game from criminality.

Dave King should be called to account by the other clubs via the SFA to provide evidence he can do what he has promised, which is bank roll TRFC.

At the very least the clubs should be preparing for another insolvency event at Ibrox and deciding the conditions they will set for TRFC to continue taking part in Scottish football on the same basis as every other club, who act with the utmost good faith to fellow members.

The clubs via the SFA have the powers under Club Licensing to do so, powers that the SFA Comp Off can only conclude the SFA have failed to utilise. Powers that UEFA must have recognised by now as a result of Res12 letter of May 2016 and UEFA Licence submission this year, are not being used fully by the SFA.  

It was self preservation that underpinned the 5 Way Agreement . The dangers of that agreement – destroying integrity, undermining trust, ignoring deceit – become more and more manifest and should alert other clubs to the necessity to exercise their collective responsibility to each other and so to our game that they govern via the SFA on our behalf, using Club Licensing powers.

When a particular course of action designed to preserve self is not working it is human nature to try another course.

Not renewing STs come April/May unless positive trust restoring actions are taken by our clubs collectively, is one way of changing minds about what is self preserving.

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