It’s always worth keeping an eye on what football finance expert David Low is watching.
There can be no doubt that the corporate manoeuvres of the basket of assets now disappears into the Delaware Triangle.
That, coupled with no pesky football regulator in Fair Caledonia, makes the acquisition of the club formed in 2012 a story worth follow following.
As regular readers will know, it is the assessment of your humble correspondent that the Stateside guys are at Sevco to make a buck and nothing else.
Consequently, the loss of £300k per week is a situation up with which they are not prepared to put.
Therefore, this is a new epoch for the Ibrox franchise.
For the first time in decades, a regime in the Blue Room will run the business on a sustainable basis for a considerable period.
The Ashley intervention only lasted from October 2014 until the Off Licence Putsch the following March.
A decade ago, Mr Derek Llambias and Barry Leach had the business approaching a break-even point.
When they were ousted, it ushered in a decade of what Mr David Cunnigham King called “soft investment”.
That’s now over.
The members of the American consortium are not emotionally invested in the Ibrox cause.
It’s not personal, Billy.
It’s strictly business.
Moreover, at the moment, there is a manager in place with a bedrock aversion to playing hoofball.
My understanding is that he has been informed by his Stateside employers that he will be supported within reason.
However, the wage bill is considered to be overloaded with high earners, and the age profile of the squad isn’t optimal.
Let’s imagine that the new wage structure will look something like this:
Two stars on £20k per week.
Then an elite quintet earning between £12.5k and £15k per week.
With the remainder of Martin’s charges being on £5k-£12.5k per week.
That is sustainable, and with a modicum of on-field success (Europa League qualification), a profit could be derived for the new owners.
Remember, dear reader, these guys are there to make a buck.
Now, if this IS the new wage structure, then losing out to QPR for this kid is suddenly explicable.
There’s no doubt that these men from across the Pond know about business.
However, in the immortal coinage of their 43rd President, they may have “misunderestimated” the scale of the task.
Of course, any players who arrive at Auchenhowie to work under Russell will be trumpeted by the local media as tremendous and stupendous.
After all, one of their award-winning journalists once told Planet Fitba that this individual was a billionaire.
I’m also told that Russell has been somewhat taken aback by the poor set-up at Sevco apropos sports science, etc.
Now, I could spill the beans on what the vegan thinks of the World Class Breakfast at Auchenhowie, but I’m not a grass.
How long before the orks are burning their star spangled banners and screaming about Yankee fenian bar stewards ? About two losses probably and a special place will be reserved amongst the pallets for effigies of their state-side saviours !😂😂☘️
That comeback was promised to the choosen people three thousand years ago
Why does “Schadenfreude” feel so apt.
Cannot for the life of me think of a better mixing of asset strippers and ‘self-entitlement’
Loves the celtic does The Big Donald…
Reality sure does bite. Yee-haw!
How long will it take to realise that RANGERS will have virtually no money and a worse squad than last season. Will they win any games in ~August.? Will the penny drop then?
Will being kicked out of Europe do it?Will Celtic be 9 points ahead after just three games do it?
I beg to differ Thomas, duped is their default position, any fanbase who waited with bated breath for the “ floating pitch, super casino 5 star hotel “ fiasco, are there to be taken for every blue pound in their grubby hands, wouldn’t surprise me one iota if they’re taken to the cleaners once more , tbh,I would rather enjoy it.
It can only be a matter of time until Trump flattens ibrox for threats to the lives of American Citizens.
it has to be seen as somewhat ironic, that the pepul who demanded a sugar daddy, and to be listed to achieve the investment they needed, are now apparently happy to be delisted, private, no visibility, and operated by a group who aim to take profit on an ongoing basis. very fitting that the new owners are american, im sure they understand the origin of the term hillbilly…. 😉
As always the ‘pound’… sorry penny will drop last with the Zombies but I suspect “walking away” will commence in under two years. I stated in a previous comment that ‘entitlement’ & Delaware LLC’s don’t mix, the hymn sheet & the directors are poles apart, sorry the width of the North Atlantic apart & I don’t expect Sevconians to be phoning premium rate complaints lines in Delaware at £2.75 per min or jumping on flights to Washington . I suspect the ‘toxicity’ of the Turd the Americans have purchased is just about to be revealed to them & they might not put up with the abuse that is heading their way, HMS Sevco life rafts are on permanent standby….
If they sell Igamane and Dessers to be replaced with inferior quality or unrealised potential this new dawn might go nuclear fairly swiftly.
Looks like salad days ahead for Sevco
Ashley only lasted a year because the Loyal decided not to back his sustainable business model, of course there was also the additional element of the Limpopo Sud Liar stirring the proverbial. I can’t believe they have been duped again…… overseas owners,going private, zero staunch credentials, not even billionaires. A new chapter of the banter years beckons