Given the SPFL statement today we should not be surprised that new Rangers are behaving rather like old Rangers.
After all, they know that there will be no meaningful sporting sanctions on them in Scotland.
The current cost base of Sevco is cripplingly unsustainable.
Senhor Pedro Miguel Faria Caixinha was talked out of giving the armband to his true leader Bruno Eduardo Regufe Alves.
However, I’m sure the latter will cope with the slight as he is secure in the knowledge that for season 2017/2018 he is the highest paid player in Scotland.
A combination of a Joey Barton type salary plus his large signing on fee being paid in weekly instalments means that he is being remunerated at an eye watering level.
Of course, a mere stripling who will be 36 in November, he will have massive resale value…
I am reminded of the observation made by Lord Cardigan that there was no place for financial common sense in the Ibrox boardroom.
Therefore, it should come as no surprise to you dear reader that a further infusion of cash will be required in September.
Last year, according to the published accounts of Rangers International Football Club (RIFC) £2.9m was required at the end of October.
This year it will be a month earlier and substantially more this time.
My information is that the sum will be in the region of £4m-£4.5m.
In one sense the failure of Sevco to make any Progres in Europe might have had one silver lining.
I’m told that UEFA was asking very pointed questions about the financial health of the Engine Room Subsidiary.
However, I’m sure that the world class administrators on the 6th floor at Hampden would have had very comprehensive answers for the folk in Nyon.
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Frankly this getting really boring anyone else feel the same? They are being supported by people with the funds in place to provide loans to run the club! Surely they couldn’t be putting money into the Well without sourcing the water to make it worthwhile. Let them get on with whatever the hell they are doing and try to find an agenda focussed on making Scottish football better. We as a fan base have major issues that need challenged, not what’s going on over there unless it’s accurate information and we can have a laugh at them, speculation has become a little weary. PS there is no way that the tanned Adonis is on 25k + PW. Surely not, we have players on 7/8k who are worth millions…..
The fact that a further soft loan was required in June despite record ST sales was ignored by the media.
With Pedro very vocal about bringing in another 2 players, Walker and McLean, say £1m plus £1.5m respectively, Hearts and Aberdeen will rightly be playing hard ball on payment terms………Hearts in particular having been burned previously when Wallace moved to Ibrox, liquidation followed and the final instalment payment date moved back.
Any word on how the new retail deal with SDI and the relationship with Puma is working out?
Why didn’t the SPFL statement just say that as Oldco, who breached the tax laws and football laws of the land, is being liquidated therefore no further action can be taken?
I think everyone would understand that reasoning.
The continuity myth goes on despite the evidence that Oldco died with their boots on.
No it was the operating company that died not the club, cry the offended.
Who held the licence to play football, club or company?
Who held the players registrations, club or company?
Why was it necessary to apply for a new licence to play football?
Why did most of the players choose to walk away rather than TUPE across to Newco?
Why did the club that finished second in the then SPL find themselves starting off in the bottom tier of Scottish football when no mechanism exists for that to happen?
Why did the club that finished 2nd in the SPL, therefore qualifying for European competition in the following season, not take up their rightful place?
I laughed out loud yesterday as Doncaster claimed the high moral ground for his organisation and the transparency that goes hand in hand with it. The man is totally deluded, wait till he sees the results of the survey launched recently!
It struck me yesterday that Mr Whyte walked a free man, not guilty of the charges that had been brought against him by the Procurator Fiscal. Was the fraudulent UEFA licence application made and waved through by the SFA prior to or after he took control because there is no doubt that whoever initiated that application was committing a criminal offence as have those involved in the subsequent cover up. You know who you are.
Unfortunately with no requirement to call defence witnesses at the Whyte trial, the prosecutors witnesses having done the defence job for them, we never got into the nitty gritty of this or other matters that may well have proved embarrassing for SDM and our football authorities.
?
It will be interesting to see what happens in Scottish football over the next few years. A return to the old rangers glory days of spending money they don’t have and a decline in other clubs once again. The silence from hearts and Aberdeen is deafening.
Phil I kinda feel gutted tonight when I listen to These Cheating Scum from The SPFL..They’re saying there’s nothing they can do about this Cheating..Surely there must be something that can be done..Surely after all the cheating that we now find that went on back then is going to go unpunished..If that’s the case I’ll never ever spend one more penny in this corrupt game and Celtseem to be playing a part in it as well..Your a spot on guy Phil But I’ve had enuf
Phil got nothing but respect for your work big guy so would like to no what you think will come with title stripping now we are to believe there’s nothing we can do by the honest ppl running game here cos I love celtic as do all fans of other clubs they support and I will never watch another game from stands or on TV Scottish games anyway if celtic don’t go to CAS with this and all my family feel the same so you can imagine football in this country dying fast