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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Darwinsbeautifulidea rarely posts and when he does its very short and very controversial. Post match after a bad result is his usual time.
Maybe we should let go of the Grudge against The Sun for Hillsborough.
After all it was 25 years ago. the staff that worked on the paper back then has changed. The Scottish Sun in particualr wasnt even around way back then.
Hmmmmm. maybe no. Or maybe Aye?
Or are we just fickle and let go of the grudges that wuit us.
Personally i don’t have a grudge against Athletico as i was 4 and still peed the bed back then.
MWD says Aye
GeordieM
He is a pen pusher, the coaches are not foreign.
I was thinking more along the lines of Celtic getting a few in.
HH
Clink\o/
12:47 on
19 May, 2014
Carlos queiroz Portuguese youth team luis Figo, Rui Costa, Fernando Couta, Joao Viera Pinto, Jorge Costa and Vitor Baia they went on to become six of the most capped players to have ever played for Portugal
Athletico Madrid
Like many, I was at the game back in 74, and disliked them immensely after that. Barca were the Spanish team I always wanted to see win.
Yet these past 2 years Athletico have won me over with their style of play.
Their workrate is a lesson to everyone,and they have some genuine talent to boot.
Being up against 2 teams with combined debts of some small countries, it was a joy to see them triumph on Saturday.
And I’ll be cheering them on against their city rivals this week as well.
I thought the Cup Final was great.What really made the day was Celtic Park.If that had been at that abomination,Hampden,it would have resembled a Morgue.Both sets of fans,who were terrific,would have got caught up in the terrible atmosphere that place creates.
And Celtic Park looked beautiful.My mate was in one of the hospitality boxes,and he told me this morning that he was really impressed with Stevie May.Said his constant movement was a joy to watch.Maybe a bit too much like LG?.
Does anyone really want the hun to die quickly?.I,personally am loving their prolonged torture.Can anyone on here really understand the anguish the hordes are going through?.
Every day,a new headline.None good.Long may it continue.
MOONBEAMS WET DREAMS
Merde,he screwed up his life more than he did ours.
He managed to expose,through his greed,just how hateful THAT lot are.
I’m more welcome in a Rangers pub or club than he is. So too would you be.
Merde? Karma. Lovely.
Moonbeams WD. Wee Oscar’s our Bhoy and Kano’s our mhan.
I have changed my mind about Athletico , but somethings like ‘The Sun’ are a step too far :-)
Glasgow Dave
Interseting story about Athletico Madrid and debt
http://www.goal.com/en-gb/news/2914/champions-league/2014/04/30/4785365/why-debt-ridden-atletico-madrid-should-not-be-considered-a
MWD says Aye
BMCUW
Hamburg?
It might even be interesting too.
MWD says Aye again
deniabhoy
12:34 on 19 May, 2014
Do the people who hold a grudge (being polite) against an Atletico team from a bygone era hate all Germans for being Nazis? FFS leave the past where it belongs – or do you believe that the sins of your father are passed on to you?
……………………………………
I still hate Athletico Madrid. They were a disgrace. They cheated Celtic out of a European Cup Final. They turned up to play a European Cup semi final at Celtic Park and played 6 players who were not part of their regular first team but who were regarded as expendable in terms of bookings and red cards. Their sole intention was to kick Celtic and Jimmy Johnstone out of the game and reduce the tie to a single game in Madrid before which Their fans made death threats against Jinky. They should have been banned sine die from all European competition. They cheated thousands of Celtic supporters that night, me included, who paid good money to watch a huge football match in the Club’s history and who went to the game with Hope In Our Hearts that we would reach another European Cup Final.
Please do not come on here and pontificate to us about moving on. I have no great love for Real Madrid but I hope they thrash Athletico Madrid on Saturday. Your analogy regarding Nazis is highly inappropriate. It’s ridiculous to compare a cheating, despicable football club to a regime that murdered millions of innocent people.
IMHO a Youth Academy is a necessity at Celtic. At best it produces 1st team players who have gone to make Celtic money. At worst it provides a top class apprenticeship which produces quality players for other Scottish clubs.
No idea how many season tickets Sevco have sold but let’s assume 10,000.
That means there is some 30,000 fans who are going to pay as you go certainly for the game against Hearts at Ibrox.
How can Ibrox handle some 30,000 paying at the turnstiles. Okay a good number will buy from the ticket office in the days before and there may be online facilities to pay by debit/credit card!
There will have to be many turnstiles to handle potentially 30,0000 fans arriving on the day. The problem is they will have no idea how many fans will want to pay as you go.
The average time to go thru with a season ticket is 5/10 seconds. To pay by cash at least one minute on average.There is potential for utter chaos.
Also a significant cost by Sevco to man these turnstiles.
I predict problems
I still hold a grudge against the wee guy in my primary 1 class who through a sweetie wrapper at me. you’d think he’d at least have left the sweetie in it. :(
MWD says Aye
GLASSTWOTHIRDSFULL
Ooooops. My mistake. I meant which other team in Spain!
iki-I think you are right,rules are made to be broken by thems,then they say we need to look at the rules……HH
Moonbeams WD. Wee Oscar’s our Bhoy and Kano’s our mhan.
Thanks for the article. I had no idea they had this level of debt.
MOONBEAMS WET DREAMS
Like you,I don’t bear grudges.
Lightly….
glasgowdave
Most of Spain’s top clubs do not pay their taxes. FFP me erchie.
No real time for La Liga or EPL and pretty much watch neither.
MWD says Aye
bobby murdoch’s curled-up winklepickers ………praying for our wee hero!
12:48 on 19 May, 2014
Daft wee question since we’re discussing Spanish football-a bit.
Barcelona and Real Madrid have never been relegated from the top division.
Which other top division side can say the same?
———————
Rangers – even though they are no Spanish
it’d also be a better grudge if that wee guy in my P1 class threw that wrapper at me. :-)
MWD
HH
Can’t get to all the games now,but renewed our 3 STs BECAUSE I know someone will always go from our house..
£50 for the youngest is superb!!
HH
AYRSHIRTIM
Haha,I like yer thinking!
Smashing mail you sent,made me jealous….
Ole WG will confirm this but I don’t think Arsenal have ever been relegated.
quantum 13:00
And what will happen when the thousands who have paid into King’s “fund” demand they get in for free because they have “already paid”?
BMCUW
No – I mis-read the question! Realised straight after I posted!
Bilbao?
I think hamburg
dodged that bullet on sunday
if celtic go for steve may
guess what incident
will get a good airing
hail hail
‘No idea how many season tickets Sevco have sold but let’s assume 10,000.’
-that’ll be in binary?
Never been relegated
Celtic of course
Arsenal
Rangers. Administrated and liquidated but never relegated
Most Spanish don’t pay tax, it’s not just the football clubs.
Re relegation.
Have Aberdeen been relegated ?
I thot they were going to, and the league was reconstructed, or something similar.
Oh, and BTW, the huns were never relegated either, they just died…… >}
HH
TET –
I am pretty sure they ended up having to play a relegation / promotion play off with Partick Thistle back in the day, and won. Probably wrong though . . . . . .
Ulcyr
Or maybe they ended up bottom but Falkirk (or whoever) didn’t have Premier League standard stadium?
Or summat?
Cluyr
I suppose newclub hun are world record holders, the only club in the world to be promoted from every league they have played in.
Know your place Timmy
HH
BMCUW
Are we saying “never relegated” as opposed to “have always been in the top division”?
Probably a recently-promoted team who are playing in the top division for the first time…..?
I don’t even bear a grudge against that wee cheatin bassa mouriniho, honest.
Curly
I remember the Falkirk thing, can’t recall if it was Aberdeen tho.
HH