Their Master’s Voice

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Steerpike says: August 3, 2013 at 4:05 pm Have a …

Comment on Their Master’s Voice by Auldheid.

Steerpike says:
August 3, 2013 at 4:05 pm

Have a look at this business case based on past accounts, IPO and last Interim Accounts information.

https://drive.google.com/?tab=wo&authuser=0#my-drive

By the end of Yr1 (last season) it calculated a bottom line left of £12,864,414. That being so and assuming the £5m capital expenditure was spent (and I have doubts that the £3m stadium spend happned) the predicted bottom line at the end of this season in Yr2 would be £1.137m in the red, Yr3 £8.10M before it starts to reduce slightly in yr 4.

It assumes there were costs to raising the shares so £19.7m used and not £22m..

However if only £7m is left at end of Yr1 the botton line at the end of next season rises to £6m+ in the red and not spending something on Ibrox does not look a viable option. £2.5m is allowed for but it may be more. It also allows for stadium naming bringing in £1m that seems to have dropped off the radar..

The latest accounts will inform us of areas where the figures are way out, but the wage bill would need to be halved to get the business back under control and management expenses are ridiculous.

The new club can survive OK but only if it comes to accept its not a viper that shed its skin but a new animal entering a different world from the one its predecessor inhabited, a teddy bear rather than a snake perhaps?.

Auldheid Also Commented

Their Master’s Voice
chancer67 says:

August 3, 2013 at 9:15 pm

______________________________
I wonder what they meant exactly by crystalised because if they mean it was still under dispute at the point the licence was granted by SFA on 31st May and so not due well that is incorrect.

If they mean it had not crystalised because it was not due by 30th June when they had to tell UEFA of any unpaid tax at that date then that is incorrect.

If they meant it had crystalised in the respect that Rangers had accepted it was due and HMRC had issued the bill before the end of May (they did on 20th May) BUT it was not an overdue payable because it was covered by one of the 4 criteria in Annex VIII of UEFA FFP 2010 (one of which was amended in UEFA 2012) then that too imo is incorrect.

Regan said in Sept 2011 that proper procedures had been followed which very arguable given the above and in December that the bill had not crystalised at time of granting licence (31st May) when the key date was 30th June..

The SFA public statements are not supported by what CF has made available. This suggests that not only did SFA not apply the UEFA rules properly but they also aided Rangers in depriving HMRC and UK taxpayer of £2.8m that most certainly was due.

If you use the Contact Tab to PM me I’ll point you in the right direction.


Their Master’s Voice
wottpi says:

August 2, 2013 at 10:27 am

UEFA stonewall on questions like that asked of the FFP guy.. They just send you a copy of the rules and leave the rest to the reader. It should not be so but in the presence of that stonewall other means have to be found.

I’m not reacting to any perceived criticism here, your point is perfectly valid., I just want readers to know what we are up against.


Their Master’s Voice
john clarke says:

August 2, 2013 at 11:17 am

Could it be the basis of a case for spending more tax payers money on The Rangers?.


Recent Comments by Auldheid

It Is Better To Offer No Excuse Than A Bad One
UP THE HOOPS
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 
https://www.brainyquote.com/quotes/albert_einstein_130982


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.
A CHRISTMAS TALE
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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