Admin less likely in short term

705

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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  1. quantum,

     

     

    Not allowed to pay at turnstiles now.They will have to get tickets from TO.

     

    Thats scenario is a long way into the future for them.Least of their worries.

  2. jeez_I_thought_blinker_was_pants on

    Van Gaal is like Capello, only a matter of time before he falls out with everybody

  3. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    GOOGYBHOY

     

     

    !BADA BING! is enquiring after your whereabouts.

  4. Aloysius Paulus Maria van Gaal, wonder if he’s a ben affleck with a name like that.

  5. Geordie Munro on

    Livibhoy,

     

     

    Aye there’s more to the EJ situation than we know.

     

     

    Cracking player for us imo. Can’t remember him having a bad game.

  6. Morrissey the 23rd on

    ‘ CELTIC legend Danny McGrain is now resting at home and recovering well after suffering a minor heart attack last week.

     

    Danny and the club have been inundated with well-wishes and messages of support from Celtic supporters and further afield in the football world.

     

    He said: “I’ve been truly amazed at all of the messages sent to the club and calls I’ve received and I’d like to take the time out to thank each and every one who has been in contact.

     

    “The Celtic supporters have always been good to me and this is just one more instance of how great they are.

     

    “Once more I’d sincerely like to thank everyone for their messages of support.”

     

    The thoughts and best wishes of everyone at the club are very much with Danny as we wish him a full and speedy recovery. ‘

     

     

    http://www.celticfc.net/news/5911

  7. LiviBhoy - God bless wee Oscar on

    Geordie Munro

     

     

    Must have been.

     

    He looked top drawer in his first couple of games.

     

     

    LB

  8. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    MORRISSEY THE 23RD

     

     

    My phone case is emblazoned with the legend’s autograph.

     

     

    I reckoned I would lose a scrap of paper,but hopefully not my phone.

     

     

    Btw,my sister recently found a few autographs in my parents’ loft.

     

     

    All 16 players from the European Cup winning squad.

     

     

    And autographed on the back.

     

     

    Forgotten I had that-and I don’t anymore!

  9. I take it that van gaal

     

    won’t be phoning neil lennon

     

    about virgil van dijk

     

    hail hail

  10. leftclicktic We are all Neil Lennon on

    Morrissey the 23rd

     

    Auckenhowie park :)))

     

    BMCUW

     

    Did yer sis ask or tell ye she was now the proud owner of 16 signatures from the European Cup winning squad:))

  11. LiviBhoy - God bless wee Oscar on

    How long is Neil Lennon going to the World Cup for?

     

    When do our players return for pre-season?

     

     

    I thought we would have had a new assistant manager by now. Danny Mac thankfully recovering well at home but no indication when he will be back at Paradise for work leaves us with Neil & Garry Parker. Hardly ideal. Plenty work to be done. I would prefer Neil Not to be in Brazil but if he can secure a player it may be a good piece of work.

     

     

    LB

  12. !!Bada Bing!! on

    Googybhoy-Looking for a decent hotel with car parking near Manchester Airport for July,do you know any decent ones or any contacts mate ? Ta

  13. Question. What’s the definition of a good holiday?

     

     

    Answer. When you have you have to ask the waiter in a restaurant ‘what day is it’ to know which of the daily specials you qualify for.

     

     

    Waiter walks off smiling and mumbling things like ‘you really didn’t know what day it was…how cool is that’..

     

     

    Aloe Vera CSC

     

     

    HH

  14. GlassTwoThirdsFull on

    googybhoy14:05

     

    Full name Aloysius Paulus Maria van Gaal

     

    ————————————————-

     

    Wonder if anyone will have the stones to call him Maria…..

  15. DeniaBhoy

     

     

    I don’t think it’s just a grudge about the Atletico team and the Atletico fans of 40 years ago. I think it’s about a whole approach to the game. They think any way of winning a game is OK and if it includes what others think is cheating, then so be it. That was acceptable then and it’s still acceptable to them now. Porto and Rapid have the same outlook as do many other clubs. I wouldn’t have wanted our players to roll about in Seville, but Porto fans thought it was part of the game.

     

    “The only thing that matters is we’re still in the tournament.” Hans Krankl, Rapid Vienna.

     

     

    I think there’s a bit more to it than a 40 year old grudge.

  16. TheOriginalSadiesBhoy on

    deniabhoy

     

     

    14:01 on 19 May, 2014

     

    TheOriginalSadiesBhoy – I am not comparing the crimes of Nazi Germany to the cheating of a football club, get a grip. I am questioning the mindset of people who cannot differentiate between what happened decades ago and what exists now.

     

    There are many people in this world who continue to hate Germans because of what previous generations of Germans did deciding they are all guilty by association.

     

    There are people on here, like you, who hate a football team for what players of that club did over 40 years ago. DId anyone in the present AM team play a part in that game? DId their current coaching staff devise to cheat us out of a European final? Are their fans today scum because their fathers and grandfathers abused Jinky?

     

    Life is too short to harbour life-long grudges – especially over something that happened on a football park.

     

    …………………………………..

     

     

    You actually raised the subject of the Nazis to illustrate a point about hatred of Athletico Madrid. You get a grip. Life is not too short to harbour life- long grudges. That is why they are called “life-long”. Any Celtic fan who was there or who was of an age to properly understand the magnitude of what they did at the time and doesn’t hate, loathe and detest them, is a peely wally, lily livered, fence sitting apologist who should apologise for having masqueraded as a Celtic supporter.

  17. Thunder Road on

    Does anyone bear a grudge to the Romanian National team or to Ganea for what he did to John Kennedy?

     

     

    I believe any grudge should be held towards the Athletico manager for HIS tactics at that time.

  18. I'm Neil Lennon (tamrabam) on

    McBhoy

     

    oh aye racing club an aw

     

    and definitely still haud a grudge against Super Mo tae

     

    but in fairness, ah did the list was not limited to

     

     

    for example on a bad day maybe feyenoord and inter milan tae

     

    for nae particular reason other than particularly hard to take European disappointments when i was younger

     

     

    the list could go on and on…… I have no shame and no reason to apologize:-)

     

    ah just hate a xxxx that ah dont like.

  19. leftclicktic We are all Neil Lennon on

    RWE

     

    Was in the job centre a few years ago getting help with a CV :))

     

     

    When the fella next to me who had been forced to attend asked

     

    “Whits the date”

     

    18th

     

    “Ah Know that”

     

    June

     

    “Ahh Know that FFS Whit year”

     

    Truestorycsc

     

    Till later all

  20. BMCUW @ 12.32

     

     

    SerendipityCSC!

     

     

    Look fwd to seeing you again SOON!

     

     

    HH jamesgang

  21. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........Praying for our WEE HERO! on

    LEFTCLICKTIC

     

     

    Finders keepers!

     

     

    Give her her dues on this one,she was astounded of forehead.

     

     

    She has a better collection of Celtic memorabilia than I do.

     

     

    But not as much as I once had!

     

     

    (Kidding,Lorna. Proud of ya!)

  22. TheOriginalSadiesBhoy on

    thunder road

     

     

    14:27 on 19 May, 2014

     

    Does anyone bear a grudge to the Romanian National team or to Ganea for what he did to John Kennedy?

     

     

    I believe any grudge should be held towards the Athletico manager for HIS tactics at that time.

     

    ………………….

     

     

    Yup. Put me down for bearing a grudge against Evil Ganea. It will be a life-long grudge too as are the grudges I hold against Racing Club Buenos Aires, Rapid Vienna and Rangers.

  23. GlassTwoThirdsFull14:21 on 19 May, 2014

     

     

    googybhoy14:05

     

    Full name Aloysius Paulus Maria van Gaal

     

    ————————————————-

     

    Wonder if anyone will have the stones to call him Maria

     

    ……………………………

     

     

    You can call me Al

     

     

    Paul Simon CSC

     

     

    HH

  24. TBJ says Wee Oscar Knox is in heaven with the angels on

    Afternoon bloggers

     

     

    Anyone know how many hours and minutes until our next match kicks off

  25. TheOriginalSadiesBhoy on

    thunder road

     

     

    14:27 on 19 May, 2014

     

    Does anyone bear a grudge to the Romanian National team or to Ganea for what he did to John Kennedy?

     

     

    I believe any grudge should be held towards the Athletico manager for HIS tactics at that time.

     

    …………………………..

     

     

    If I’m not being too nosy, do you mind if I ask you if you were at the game and what age you were in 1974? No offence meant by asking these questions.

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