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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Barney Battles.
McBhoy
We’ve had the swan-dive answer…Jiri Jarowsik or I would have even accepted the Geordie spelling of Yiri Yarowsik
Juninho … ?
SFTB
Wonderfully played
Sftb,
I knew you were up to somert. Cap doffed. :)
g
sorry
hail hail
Got it IGC, serves me right for no scrolling back.
Igc,
I blame ma schooling :)
TOSB
“If their kids support Athletico then I hold them culpable as well.”
I’m not sure that the doctrine of sin and redemption goes that far :-)
Sevco Season Ticket “Waiting List”?????
Does that mean that they’ve got all the names of last season’s ST holders and they’re WAITING for them to renew….????
Just a thought!!!
During WW2 Celtic had a player on their books called Kinnaird Ouchterlonie.
He’d have been a shoe-in for the SFA Secretary’s job.
Chic Charnley!
(Well he did play for us in a couple of friendlies, I think)
Bobo Balde …
giggs retires from playing
hail hail
Maria Murphy – She was the laundry lady in the 50’s.
My friends in Celtic,
I would like to reiterate what Paul 67 wrote “Congratulations to Atletico Madrid”. Personally I hope they win the double.
Disregarding any heinous crimes that have been forgiven. And no matter what Bill Shankly said Football cannot be equated with life and death.
With that in mind; forgive, but remember, try and get equal and move on.
With so many unforgiving people on here who bear a grudge I fear the worst after September, regardless.
HH.
Anonion Anawnoo … ?
Igc
There’s a player from the centenary squad not mentioned yet.
FrankMarker @ 15.19 hrs.
“giggs retires from playing”
———————————
Great news for the Man Utd players worrying about their Wags.
HH.
Inside info.
Neil is offski on Wednesday and Houston is taking over??? I told the twatt that told me I wdnt tell emdae. So dont blow it about, ok?
GEORDIE MUNRO
Who,Fatso Fulton?
Jacket,offski…..
mark McGhee
hail hail
Jude2005
Houston???
We have a problem.
Jude,
You told the guy who told you that you wouldn’t tell anyone??
Man of yer word.
If the ref had done his job properly in ’74, we wouldn’t be talking about hating anyone. Oh hold on a minute……….
Ger57
Wullie McVey was the thug who did Brian McLaughlin.
I was at the AM game in 74 and the memories are still vivid. However I think its time to let it go. I hope they win on Saturday. Come to think of it, are they the biggest club in Europe never to win the big cup? Or Arsenal?
I see K J was getting tore into Wallace in this morns D R. Gawn ersel keech!!
G M
SHOOOOOOOOOOOOOOOOOOOO!!!!
sftb
Like that ya rocket!!!
Jude, is that this Keith ‘The Scots billionaire on the brink of taking over the club he loves’ Jackson?
My late mother’s middle name was Maria.
She wasn’t Dutch, and she was a woman.
HH!!
IGC
The very one!!! But go easy the man is hurting bad!!!
Re an earlier discussion – I believe that Celtic have produced a reasonable amount of homegrown talent over the last 10 years e.g.
McGeady (exceptional talent)
Maloney (was as good as, maybe better than Aiden, but unlucky with injuries)
Marshall (now one of the most sought after keepers in England)
Forrest (would be a 10 million pound player if he wasn’t injury prone)
Kennedy (great potential)
Mulgrew (a Scotland International)
Crainey (has had a good career in England and I would love to see him return)
McManus (Scotland International)
Clubs do tend to have golden eras and I am not sure why people seem to want something to be angry about.
Super Sammi
King Kenny
Hunskelper Hartson
Bonkers Boruc
Curly Cadete
Fufoxsake Fox
Fatso Fulton aka Boabby Baggio.
Oh ffs.
Mick Mccarthy has been mentioned. Eejit
Kingof Kings
If Ferguson handpicked David Moyes and got it so wrong, was he a consultant in recruiting Aloysius?
His continual presence and residual influence at that club was probably a factor in Moyes’s failure. In other words, Moyes wasn’t a big enough personality/character to offset the Ferguson factor. It suggests that Moyes and Ferguson were mates off the field and was another factor in Moyes getting the job in the first place.
Over to you Aloysius
Just an opinion BTW. No facts were used in the composition of this comment.
HH