A seasoned Blue Room watcher remarked to me yesterday that the Ibrox klanbase often mistakes a friend for an enemy.
This was true back in the day when the club’s bank moved their guy onto the board.
The poor chap, Donald Muir, was labelled “the enemy within”.
For once, the brogue-wearing brethren were forced to behave with a degree of financial sanity.
The bank’s guy did them a solid.
For the two years before Mr Craig Whyte parted with a quid to acquire the club, Mr Muir’s presence on the board meant that the credit card had been cut up.
Now Sevco has gallant allies in Europe that render the same service.
The imposition of UEFA’s FSR will save the Blue Room chaps from themselves.
This is especially important if, as I’m told, they might have to be in court again about some unpaid bill.
Of course, I do hope that it doesn’t come to that.
That invoice financing craic can get a bit iffy.
The critical thing to process is understanding what UEFA considers to be “football income”.
If you want a deep dive, then you can find it here.
As our chat concluded, I observed that the David Murray years at the original Rangers could not have happened if FSR had been in force.
Even before the EBT decade, Murray’s first ten years in charge saw a financially doped side fuelled by the bank’s money steamroller the opposition.
It was the opposite of sustainability.
As ever, it takes outsiders to bring fairness to Planet Fitba.
UEFA’s new sustainability regulations WILL keep Sevco safe.
However, they also keep them simply the second best in Scotland.
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Seen this Phil
https://twitter.com/BBCchrismclaug/status/1636102691138011144?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1636102691138011144%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=
The EU banks went Pop this afternoon, 2008 was bad but was a walk in the park compared to what’s in the pipeline now.
Investors rushing to put money into a crappy Scottish football team might have seemed remotely viable last week…a weeks a long time in finance.
I don’t think they will ever flout FSR rules…but it’s great to know that,at long last, they are being watched and curtailed.
Now we’ll wait and see how they operate under these restrictions.
Its been a long time coming…for the Club (s) that think that rules are for others.
Does FSR mean an end to the shares confetti?
I should hope so, don’t understand how they got away with that, how was that not against the old FFP regulations
I played football against Donald Muir for quite a few years when he was working in Canada.He is a good guy and a huge Rangers’ fan.I would think he would have done the very best he could have to save Rangers when he was appointed to the board by the bank.I believe everything he did was above board and it was a disgrace the way he was treated by some other Rangers’ supporters.
They’re not even guaranteed to remain second best. The squad control ratio which is what’s going to keep their spending in check doesn’t apply to any Scottish clubs except the two Glasgow clubs. Hearts, Hibs, Aberdeen, the two Dundee clubs… they’re all free to ramp up player spending provided they have a benefactor willing to bankroll the losses. Of particular note is regulation 79.05 from the same document you linked in the main article. Clubs with player expenses below €30m aren’t examined for the player squad cost ratio. There’s a clear opening for an ambitious club to challenge the two Glasgow clubs without being subject to the same scrutiny.