Robbed of the ability to accept credit cards, or roll-over Standing Order fans’ payments, by all accounts season ticket renewals at Newco Rangers has been considerably less than those of fellow lower league club Hearts.
Notwithstanding all of this, the Ibrox club’s remarkable PR people this morning published an article titled “Season ticket waiting list”! Waiting list!! Every word is priceless.
I’ve long maintained that anyone looking for a strategy in any of this was misguided but one thing you can be sure of, the lawyers will be giving advice on when to flush the club down the lavvy (ven.).
Newco have banked season ticket cash from a few thousand people, giving them a liability to stage football games until May next year. If they are unable to stage those games, they cannot spend, or continue to accept, that money. None of this was relevant before deadline day, but the extended deadline passed yesterday, so the club now have their primary indicator of how much income they will receive this financial year.
If the board believe they do not have enough income to finish the season, they must stop spending – and accepting – season ticket money, and ask the court to appoint an administrator. Despite the apparent inevitability of this, the board can roll the dice for a while yet.
They can reasonably claim to have an expectation thousands of more tickets will go before the season starts, or that the club can embark on another share issue, but in the meantime, they must continue to pay wages and other costs. Cash is king when you don’t have bank support and hundreds of staff will continue to earn wages over the summer months.
Wages and other costs will need to be met for May, June and July, before Newco’s biggest vat bill of the year becomes payable in the first week in August. Ticket sales would need to pick up incredibly in the coming weeks to see them through this.
I don’t expect administration this week. The club has cash in the bank, has a theoretical chance of turning things around and, as far as we know, is meeting all liabilities when due. The more likely time administrators would be required is when creditors cannot be paid on time.
There’s an interesting media angle on all of this. Graham Wallace is a hired professional, there to deliver a future for a football club in distress, no more and no less. Sections of the media compliant with ‘the rebels’ (cough) are now telling readers he has made several sackable offences.
It suits King & co if anyone with a modicum of competence to leaves the premises. This campaign is brutal, but remember, don’t go looking for a coherent strategy, there isn’t one.
Speaking to season ticket renewals
Saturday’s magnificent Scottish Cup Final had a fitting home at Celtic Park but the Celtic show only rolls on if you, me and tens of thousands of our close friends want Celtic succeed as much as Newco’s fans want their club to fail, by buying our season ticket.
The most important ticket deadline in football is THIS FRIDAY, 23rd May. Be there, or be less shamrock shaped. When it comes to supporters, faithfulness trumps loyalty any day.
After watching St Johnstone win the Scottish Cup, in what was a genuinely thrilling final on Saturday, you could not come to any other conclusion that this was a fantastic season for Scottish football. Celtic were irresistible in the league, Aberdeen and Dundee United resurged, Motherwell were again Best of the Rest, which is not quit the league title it could be, but still an achievement. I’m loving the game this way.
Congratulations to Atletico Madrid for achieving what seemed impossible only a few months ago. Congratulations also to Barcelona fans, who applauded the league winners in recognition of that achievement. There are some good guys in the game.
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joe_joe_john_bobby_teddy
Me and the boy are in 113…….
BT –
Give him my regards next time you see him. He’ll know me as Tom McLaughlin from Motherwell.
weeminger
11:43 on
20 May, 2014
Thats how i viewed it as well, no mention of specifics in relation to the murder, just that the memorial itself was an indication that sectarianism still exists in the area.
Joe joe,
I don’t know about this season but my nephew got a 50 quid one in 108 last season.
weeminger
Possibly I am being a bit too sensitive about it .
Just don’t like the one is as bad as the other attitude that the media inevitably adopts.
Gct,
Are you the same tom mcl that used to post on the scotsman message boards?
Thanks lads
A quick question – when exactly does the transfer window open?
Celtic need to get in at least 1 player before the first champions league matches.
Our opponents are already being talked up by the usual suspects and there are prayers being said we get Malmo.
Strange considering no Swedish opposition have ever beaten or even scored a goal against us in European competition.
The Norwegian side where we got Johansen could be a problematic side but some local knowledge could be useful.
The trouble is they are already into their seasons and as we have seen with Helsinki, Helsinborgs and that other Swedish mob last year they are fitter and more organized – they have that advantage.
Of the remaining sides we can get Cliftonville, St Pats or The New Saints who Celtic should be capable of seeing off without much trouble and the travelling an climate will be fine to boot.
The sides from Iceland or the Faroes, should be reasonably straightforward to play against.
Regardless it would be better to have the strongest possible squad available and so ins and outs really do need to get done ASAP.
We cannot rely on Balde, Pukki or Derk unless they have an amazing turn around.
It would appear that we will be without Emilio, Efe, FF until close to the matches themselves (although the likelihood of their progression in the WC is in my opinion rather slim in at least two cases).
I hope VERY much that VVD does NOT get picked for Holland. It means we are likely to keep him for at least another 6 months (CL Qualification accepted).
Sami is going to be a huge miss.
Next season without CL or at the very least European football really does not bear thinking about and getting this right is massively important.
Neil has managed it for two years but this year it is going to be the toughest.
We have lost a number of players who could be relied on and now those who have come in need to step up to the plate pronto.
Get your business done VERY quickly Celtic. Getting the team right will get us what we all want, making a mess of it this year does not bear thinking about.
Any indication of ST sales so far?
bournesouprecipe 11.47hrs,
About time too.
Bottles of Buckfast have disproportionally been involved in far too many incidents.
Hope their cans get offy hot & sickening. ( Very different, but reminds me of Seville where many entrepreneurial locals sold cans from ice cold buckets )
HH.
Will do Tom
I love the grammar used by the Sons of Strewth with regards to the postcard protest.
“An idea that has been muted(sic)”
Maybe we should send them a postcard of the Lions in Lisbon or a pic of the current league table, saying “Wish you were here??”
Ekbhoy
Was in Hersonnisos 22 yrs ago with my mates
I don’t imagine any if my experiences there will be of use to you :-)))
My friends in celtic,
Talking of Seville, arguably the best year I have experienced with Celtic.
What did we win ? Yes statistics are everything, but then again, nothing.
HH
Greenpinata
We ended up with one more award than Porto after Seville. I would have traded the two supporter awards for the cup though.
LB
new article posted.
http://i.minus.com/itnGqCCMTNRDj.gif