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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deniabhoy
14:51 on 19 May, 2014
TSOB – I was under 5 at the time but I am capable of understanding the magnitude of their cheating on that night and also the Latin “win at all costs” approach that has blighted many a tournament before and since then. Saying that, anyone who saw the last World Cup final witnessed the “total football” Dutch team resorting to “Latin” tactics against the best footballing team in the world – which happened to be “Latin”.
……………………….l……………
Beg to differ. If you were under 5 at the time you can’t possibly have any understanding of how it felt to be cheated in such a way. You’re probably a product of one o they Kafflik schools that teaches all about forgiveness of teams like Atletico Madrid. The teachers in yon establishments have a lot to answer for. I’m beginning to see the wisdom of Tony Donnelly 67 and Ryecatcher when they castigate the plonkers.
鄭智
I’ll even accept Geordie’s spelling
ger57 @14.50
Poor Danny recovering from a heart attack and you have him tackling Brian McLaughlin and almost as bad playing for Clyde. , hope he’s no lurking :)
Zheng Zhi
Oops
Zheng zhi
I doff my cap to you on that one Geordie
Jiri jurassic park :)
setting free the bears supports res. 12 & oscar knox
14:55 on 19 May, 2014
TOSB
I don’t think I have forgiven them.
It is their kids that I do not have to forgive.
…………………………
If their kids support Athletico then I hold them culpable as well.
Stuart Slater
GER57
I’m probably wrong again,but I thought it was Willie McVey who ‘done’ Brian.
But you are spot on about the rest of it.
Btw,was just about to reply to you last night when you said you were off to yer cot. Me,back to work time.
Mail ya later.
Igc,
I’m getting the feeling Sftb’s is gonna unleash a volley of crackers on us. ;)
deniabhoy
14:51 on 19 May, 2014
…………………….
I would like to take Paul to task as well. He was only 7 in 1974. Probably educated in a similar establishment as yourself.
Lionsroars67
From earlier.
Good shout about the Portugese. Although I guessing that they may be the exception rather than the rule.
HH
IGC
Well.
There’s Zheng Zhi for a start …
FF
Is a hatred of something for 40 years a meme only of you can pass it on to others?
Memetics CSC
theoriginalsadiesbhoy
Sorry, at work and they want me to work.
I mean really(tuts and rolls eyes)
Born in good ole 1967.
Only a month before Lisbon.
Too wee to know about the AM game and all i do know(which isnt much)is from seeing clips of the game.
bobby murdoch’s curled-up winklepickers ………praying for our wee hero!
15:01 on 19 May, 2014
GER57
I’m probably wrong again,but I thought it was Willie McVey who ‘done’ Brian.
But you are spot on about the rest of it.
Btw,was just about to reply to you last night when you said you were off to yer cot. Me,back to work time.
Mail ya later.
………………..
It was Willie McVie ………….. I would just like to add that I hold a life- long grudge against him too.
IGC
I thought there was a 1st bit, oops.
ok Jiri jarosik
Fo those with a keen eye and a good memory, the answer to one of last week’s lunchtime questions…..
The oldest Celtic debutant
Clink,
They were.
There were a few other squads who produced a player or two (reyna, swartzer dickov:)) but the Portuguese had a good few beauts.
Is there a statute of limitations on grudges? Lifelong or otherwise.
Billy Belfast
And who could ever forget Paddy Power, who played in 1894 …
THEORIGINALSADIESBHOY
Now,on that one,we will certainly agree!
I’m quite sure there are a few people on here who remember that tackle,or assault,or attempted murder.
JIMBO 67 Wrote a wee piece about it a while back,I think. He got it right on the money.
IGC
14:56 on 19 May, 2014
I’m still waiting on the man whose swan-dive led to ‘THAT’ free kick from Naka v Man U
Giggs?
Pat Stanton
IGC
Would that be the fella who was longest in the shower?
Dion Dublin
Charlie Christie??
Or Willie Wallace …
Of course – Dion Dublin
What am i on about? Misreadsthequestioncfc.
A whole team and subs worth:-
Fraser Foster
Barney Battles Bobo Balde Mick McCarthy Dan Doyle
Jimmy Johnstone Murdo McLeod Jiri Jarosik
Dixie Deans Willie Wallace Mark McGhee
Subs Dion Dublin Malky MacKay Darius Dziekanowski Gary Gillespie Harry Hood Malky McDonald Charlie Christie
Aged 32 on his debut
Bada Bing
Plenty of hotels at airport ranging in price fromHilton, Raddison to Premier Inn.
Might get cheaper but further away.
If you do I will gladly give you lift to the airport.
Get my email addy from Paul or if any of the others have your and mine then contact me.
Konrad Kapler …
ditto ryan gigs
mccoys and hatfield
have nothing on this site
hail hail