So what did you make of Dave King’s “compete with some of the bigger clubs, particularly Celtic” news conference?
He’s hoping to make a managerial appointment “within a week” which, despite the need to rebuild the squad, is a little ahead of where I expected him to be based on the feedback I know he received from those who were sounded out.
Punters and media seem convinced Warburton will be appointed. I know nothing about the man, but I’ve assumed Stuart McCall would get the job due to all other candidates having a real job, or better prospects. As McCall said in his TV interview following his Fir Park capitulation, he knows what is required and has experience at shopping for free transfers in the English lower leagues. Anyone else is an unnecessary risk so I’m still inclined to think McCall will get it.
A 5% increase in season ticket costs is on the lower end of what I expected, but there’s a subtext with this one (there often is). A key aim of whoever has been in charge at Ibrox over the last three years is to get season ticket prices back to the level they were when Ticketus “over-invested” (caveat over-investors).
Charles Green planned to do this from the off. The script was to read: “I’ve saved your club. Now I’m going to put a £50k p.a. pay cap on and I need you to buy 40,000 season tickets at full price, to ensure we glide up the leagues with ease and arrive in the SPL with money in the bank”. The players and manager would have had a choice, show you’re here for the badge, not the money, or move on.
But, within a week, King and the Blue Knights wanted the assets off Green. McCoist and others were mobilised into destabilising Charlie, who was forced to cut prices, over-promise and ultimately under-deliver.
If I was King yesterday, I’d have looked the camera in the eye and told fans “This is your time, your club needs every last one of you to step forward and pay £600 per ticket”. I’m sure he wanted to do this, but he seemed riddled self-doubt, contrasting starkly with the effusive confidence he radiated before the last EGM. It made me think of the Woody Allen line, “Confidence is what you have before you understand the problem”.
One thing I am sure of is, if he was about to splash the kind of cash he talked about while trying to remove the old board, he would have put his money on the table and asked fans to do the same.
The trade-off King referred to: the more money fans put in the less he (and other investors) need to put in, is not actually a trade-off at all. In reality, the more money he puts in now, the more fans will buy season tickets; the less he invests, the less fans will spend. Momentum, or the lack thereof, is at play.
This matter was King’s biggest failure. Charles Green and the master, David Murray, knew how to use show-biz to put bums on seats at Ibrox. Yesterday the stage was set for a bit of showmanship: “Here’s the colour of my money, now roll-up, roll-up, get your tickets before they’re all gone”. Say it confidently, convince the thousands desperate to be convinced, and you give yourself the best chance of success.
My focus would have been different from King’s too. Forget about catching Celtic, fans know this is a pipe dream. What they want most of all is a solvent, top-flight, football team. Don’t even reference football targets, instead, talk about filling the stadium, paying the bills, building a trading history good enough to earn proper facilities, and never again signing-off an unsustainable business plan. The fans are Not. All. Daft. Educate them the value of living within your means and they would buy into the project.
Talk about catching Celtic with an unsustainable business plan is astonishing, after all these people have come through, simply astonishing.
I could never quite figure how, for years, Rangers directors knew HMRC were contesting their EBTs, knew a legal challenge lay ahead, but made no provisions whatsoever for that challenge. Win or lose the case, they needed a plan to cope with each scenario. It turned out they didn’t even have a plan to cope with a partial win.
King’s ‘someone will step in and pay if we over-invest’ outlook on life explains a lot. It will be for others to judge his contribution to the lives of Rangers Football Clubs, as far as I’m concerned, it’s impossible to overestimate what he’s done to them. You could say, it’s off the radar!
Spirit of Compassion – Whisky Tasting
On the 25th April, Nepal was rocked by a destructive earthquake which has claimed the lives of over 8,000 people. Many of those affected by death and destruction are children. Glasgow the Caring City is our city’s charity for children in crisis, in times of disaster. Together with House With A Heart, Nepal, we will bring stability and comfort to children left orphaned by this tragedy.
On Thursday 18th June Glasgow the Caring City are hosting a Whisky Tasting event, fun and educational, at the Trades Hall of Glasgow. Tickets are £30 and can be bought here.
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Delaney’s
They’re building a floating section for your types!
Levitation across ja nation!
HH jamesgang
James
The back of the auld jungle was kaya spot. :)
DBBIA………aye Daverm will be Havern at this Klavern…..and the hordes will be Slavern for more of the Saverm……….
brawverm
braw
Bourne
The GB were the original proponents of the SS idea and you’re right, all of those who sit in section 111 will have the option of taking a place in the new area so long as they’re existing ST holders.
My understanding is that sections 109-112 will be the areas to be converted initially with the possibility of further areas being converted if it proves successful.
My own feelings are that demand will significantly exceed supply.
What happened to the safe standing season ticket money?
Huns playing their version of football manager 15 on zombie media again, some of there ‘targets’ are hilarious.
Most huns are just to stupid to be taken seriously HH
Q&A: Financial fair play explained
“
In other words, they have to prove they have paid their bills
Financial fair play explained”
1) How do you explain financial fair play in one sentence?
Financial fair play is about improving the overall financial health of European club football.
2) When does financial fair play start?
Financial fair play has already started, in 2011. Since then clubs that have qualified for UEFA competitions have to prove they do not have overdue payables towards other clubs, their players and social/tax authorities throughout the season. In other words, they have to prove they have paid their bills.
From this current season (2013/14), clubs also have to make sure they comply with break-even requirements, which in principle means not to spend more than they earn. UEFA has installed the Club Financial Control Body (CFCB) to verify every year each club’s figures of the past two years put together, and as of 2014/15, they will look at the figures of the previous three years put together.
The first sanctions for clubs not fulfilling the break-even requirement will be taken following this first assessment in May 2014. The first possible sanctions relating to non-compliance with break-even requirements would be effective for the 2014/15 campaign.
3) Are clubs no longer allowed to have losses?
To be exact, clubs can spend up to €5million more than they earn per assessment period (three years). However it can exceed this level to a certain limit, if it is entirely covered by a direct contribution/payment from the club owner(s) or a related party.
The limits are:
• €45m for seasons 2013/14 and 2014/15
• €30m for seasons 2015/16, 2016/17 and 2017/18
In the following years the limit will be lower, with the exact amount still to be decided.
In order to promote investment in stadiums, training facilities and youth development, all such costs are excluded from the break-even calculation.
4) Are clubs automatically excluded if they are not in line with FFP?
If a club is not in line with the regulations, it will be UEFA’s Club Financial Control Body that decides on measures and sanctions.
Non-compliance with the regulations does not mean that a club will be excluded automatically, but there will be no exceptions. Depending on various factors (e.g. the trend of the break-even result) different disciplinary measures may be imposed against a club. There is a catalogue of measures:
a) warning
b) reprimand
c) fine
d) deduction of points
e) withholding of revenues from a UEFA competition
f) prohibition on registering new players in UEFA competitions
g) restriction on the number of players that a club may register for participation in UEFA competitions, including a financial limit on the overall aggregate cost of the employee benefits expenses of players registered on the A-list for the purposes of UEFA club competitions
h) disqualification from competitions in progress and/or exclusion from future competitions
i) withdrawal of a title or award
5) Are owners allowed to inject money into their club as they like or through sponsorship?
If a club’s owner injects money into the club through a sponsorship deal with a company to which he is related, then UEFA’s competent bodies will investigate and, if necessary, adapt the calculations of the break-even result for the sponsorship revenues to the level which is appropriate (‘fair value’) according to market prices.
6) Who grants a licence to clubs to compete in a UEFA competition?
Every club that has qualified for the UEFA Champions League or UEFA Europa League needs a licence, which is granted to a club by the national associations (or sometimes leagues). This is based on the UEFA Club Licensing and Financial Fair Play Regulations. UEFA then verifies documents and figures from all clubs which have been registered for one of the UEFA competitions.
7) Some clubs have enormous debts or do not pay their debts. Can those clubs still comply with financial fair play?
Clubs need to pay invoices and debts in a timely manner. This means that clubs have to pay their players or transfer fees as agreed in contracts, otherwise they may be sanctioned by UEFA’s competent bodies.
8) Has it happened that a club has been denied access to UEFA competitions because of FFP?
The UEFA club licensing system was introduced in the 2003/04 season. Since then 44 clubs which have directly sportingly qualified for either the UEFA Champions League or UEFA Europa League were not admitted because they did not fulfil the licensing criteria. Financial fair play has been introduced and added to the licensing criteria in 2011. Since then several clubs have been denied access to the UEFA competitions because they have not paid wages to players or fees to other clubs for transfers.
9) Is FFP in line with European law?
UEFA has been in permanent dialogue with the European Commission about financial fair play and has received continued support for this initiative. There is also a joint statement from the UEFA President and the EU commissioner for competition, emphasising the consistency between the rules and objectives of financial fair play and the policy aims of the EU commission in the field of state aid.
10) Will financial fair play make it impossible for smaller clubs to overcome bigger clubs in financial terms?
There are large differences between the wealth of different clubs and countries, which predate and are irrespective of financial fair play. The aim of financial fair play is not to make all clubs equal in size and wealth, but to encourage clubs to build for success rather than continually seeking a ‘quick fix’. Football clubs need an improved environment where investing in the future is better rewarded so that more clubs can be credible long-term investment prospects.
By favouring investments in youth and stadium infrastructure and by setting the acceptable deficits in absolute million € terms and not relative percentage terms, the break-even assessment has been structured to be less restrictive to smaller and medium-sized clubs. In time, more smaller and medium-sized clubs will have potential to grow.
11) Some players do not belong to the clubs they play for, but to other investors or agents. Is this allowed with financial fair play?
This is called third-party ownership and is currently allowed according to FIFA regulations. However, within UEFA’s financial fair play regulations clubs are required to disclose information on third-party ownership arrangements and, in addition, any income arising from these arrangements is delayed until the player is sold.
UEFA has asked FIFA to prohibit this worldwide. Should FIFA not take the appropriate steps, UEFA would be ready to implement its own regulations to ban third-party ownership arrangements at least for UEFA competitions.
12) Why have no clubs been banned from UEFA competitions?
Exclusion from competition is of course a possible sanction if appropriate. However financial fair play is designed to create a fair and properly regulated system of financial management and sanctions are based on that aim. UEFA believes the sanctions and agreed settlements are appropriate.
13) Why has the UEFA Club Financial Control Body reached settlement agreements with clubs?
The CFCB’s investigatory chamber can offer clubs settlement agreements, a common instrument for financial regulators to help facilitate compliance. Article 15 of the Procedural rules governing the UEFA Club Financial Control Body states that “settlement agreements may set out the obligation(s) to be fulfilled by the defendant, including the possible application of disciplinary measures and, where necessary, a specific timeframe. The CFCB chief investigator monitors the proper and timely implementation of the settlement agreement. If a defendant fails to comply with the terms of a settlement agreement, the CFCB chief investigator shall refer the case to the adjudicatory chamber.”
14) Can you explain the financial measures handed out and how the figures were determined?
Financial measures are linked to each club’s earnings from their participation in European competition during the assessment period.
15) What are the player registration restrictions and how they are determined?
The Club Financial Control Body felt that it was imperative that clubs face sporting restrictions as well as financial measures as a result of non-compliance with the break-even requirement. The restriction on the number of players to be registered on the A list serves the dual purpose of limiting the on-field benefits arising from non-compliance while also assisting in achieving the overall objectives of the break-even requirement. The A list restriction is further supported by the restriction on the number of new registrations that clubs can add to the A list and on limits on their net transfer spend.
16) What is the appeal process for other clubs?
Any decision of the CFCB chief investigator to conclude a settlement agreement or to apply disciplinary measures may be reviewed by the adjudicatory chamber at the request of a directly affected party within ten days from the date of publication of the decision.
17) How are clubs that have contravened financial fair play being incentivised to become break-even compliant?
Settlements require the clubs to become compliant with financial fair play within a short period of time. Failure to meet settlement terms will lead to the club being automatically referred to the adjudicatory chamber.
Conversely if a club fulfils each individual requirement of the settlement, it may be released from the limitation on the number of players for UEFA competitions for the following season. If a club becomes break-even compliant during the course of the settlement, all sanctions shall cease to apply for the following season, with the exception of the non-conditional element of the financial measure.
18) Where does the money from the financial measures go?
UEFA will not keep any of the money. UEFA will distribute money from financial contributions by making solidarity payments to other European clubs according to an agreed formula. The exact details for redistribution of funds will be decided by UEFA and its Executive Committee in due course.
19) How does financial fair play deal with debt?
Manageable debt geared towards the long-term development (stadium, academy, infrastructure etc) of the club is efficient for financial planning and is standard practice in most industries. Debt taken on board, including the monetisation of future income, to fund day-to-day operating activity such as wages and transfer fees or to fund short-term cash flow shortfalls can create problems and must be managed effectively.
Financial fair play through the requirement of clubs to meet their financial obligations and to break even prevents the accumulation of losses leading to unmanageable debt.
Last updated: 17.45CET, 20/05/2014
The first ‘S’ of ‘Bhoylo’s Plan to save Scottish Football’ down
Well done Celtic
Now let’s push for Summer Football and Sale of Alcohol
B-)
Luis Enrique out of the running to be the new R*ngers manager as he signs new deal with Barcelona
Afternoon!
Some more thoughts on yesterday’s Festival of Moonbeams, and the ridiculous spin that has followed it today.
https://theclumpany.wordpress.com/2015/06/09/the-final-push/
Enjoy the rest of the day!
Delaneys
Michael Kelly dressed up as a Parrot
Michael Kelly dressed up as a Parrot
Well done PL for pushing the issue. The atmosphere will go up a few notches now. I’m tempted to try it out and bring back my Jungle 70’s memories.
Most Sottish clubs will follow. Great stuff.
TD 67
if your having a look, give us a wee update on your amigos that I can pass on down the pub.
hh.
FOLLOWING confirmation of the club’s pre-season fixture list, we’re delighted to confirm that supporters can now get their hands on tickets for three of the fixtures.
While Paradise is getting prepped for the upcoming crucial UEFA Champions League qualifiers, fans have a rare opportunity to watch the team close to home this pre-season with Ronny Deila focusing every detail on giving the Bhoys the best preparation for the challenges that lie ahead next season.
And Season Ticket holders can play their part by getting behind Scott Brown and the rest of the Celtic first-team squad when they step up their preparations in action at against Dutch, Czech and Spanish opposition in July.
All three matches will be played at St Mirren Park in Paisley and for a limited time only, Season Ticket holders can take advantage of an exclusive period to snap up three-match packages for only £24 adults and £9 for kids/concessions. The three-match packages will include the following fixtures:
Wed, July 1 – Celtic v Den Bosch (KO: 7.45pm)
Sat, July 4 – Celtic v Dukla Prague (KO: 12.30pm)
Fri, July 10 – Celtic v Real Sociedad (KO: 7.45pm)
Following a hugely successful end to the 2014/15 season, these games are the perfect warm-up for the Scottish champions.
With less than four weeks to wait until the pre-season gets underway with the first match v Den Bosch on Wednesday, July 1, secure your tickets now and be there to show your support for Ronny and the squad and see the latest signing in action when Dedryck Boyata makes his debut in the Hoops.
Season Ticket holders pre-season three-match packages are available to buy online now and at the Ticket Office or on 0871 226 1888* from 9.30am on Wednesday morning.
quonno
You and me both. The demise of RFC was simply collateral damage from the MIH crash.
Did I say collateral? Problem was that there was no collateral.
Say that the area selected for the trial run is section 110 how do they stop others from going to 110 and joining in the fun, it will be fun if the supporters do the lateral movement thingy, but only if it’s organised,I would imagine that the supporters will be caged in that section,if it’s not caged it will cause mayhem for everyone around that area, I know it will be a ticketed area but they would have to stop others from joining in, in that area.
The huns on deadclub media were talking of who would be their MARQUEE signing(S)
and this suggestion and reply cropped up
Kris Boyd?
“a marquee signing does not mean someone who is fat enough to actually wear a marquee”
Oldtim67
Ticket checks are stringent now to ensure no one gets into section 111. I’d imagine it’ll be the same for the new SS sections.
Offski.
oldtim67
17:02 on 9 June, 2015
Good point
What about free pre season friendliest on your ST?
Hamiltontim.
I hope so as I’ve been in standing areas at Celtic Park and elsewhere and even without the lateral movement thing it dodgy standing in a crowd, it only takes a couple of guys to fall forward and the rest will follow until you hit the barrier in front of you, the guys in the front are the ones that suffer the most.
Great news about the safe standing
TD67 good to see you’re having a ball and why wouldn’t you
To say I’m slightly envious would be a mild understatement
blantyretim.
You on the bevvy. ( pre season friendliest)
Oldtim
Lack of drink, meds do the trick 8))
BT , i think the Rennes game and 1st CL qualifier will be the freebies
Something I find a little puzzling.
Mike Ashley has apparently loaned THEM £5,000,000.
Presumably the payback date was not left open ended.
Mike Ashley now appears to be asking THEM for his money back.
DK says that now is not the time for THEM to give Ashley his money.
Anybody know just what is going on?
Honestly don’t know what I feel about this safe standing area. I know I can’t stand standing myself. Had more than enough of trying to peer round guys 10 foot taller than me (or so it seemed) in the Hayshed. Couldn’t stand any length of time anyway nowadays. I suppose, if there is a demand for it, and the current nonsense of guys in front of me spending half the match on their feet responding to the demand of “stand up for the Champions” emanating from the GB area, then I guess I can live with it.
Oldgitcsc.
Cheers Sannabhoy
You got your shoes yet?
quonno , 2017/18 is date ive heard for payback, although MASH could ask for it early or Sevco could volunteer to pay it back early (cough , splutter , sorry, just read what i typed there) with the agreement of the other party.
TSFM article on last thread painted an interesting picture tho
Sanna
Ciftci
Hope not too many cards and that would only get worse if he moved to us
BT , no . apparently yer da has hung them round the scarecrows neck to scare away the skunks
I used to do it without even thinking about it.
Not so sure I can, erm, staun for a whole 90min now (and that’s not counting 15min HT and the 30sec added time that we usually get).
Maybe there are wee “accessories” to help the older supporting gent to keep staunin’ (a few zimmers here and there, whatever…).
;o)
YouCantKeepAGoodManDown CSC
quonno 17:20 on 9 June, 2015
Pretty sure if Ashley is not paid back by June 20 then the loan is in default.
This could mean Ashley then owns Sevco’s IP, The Conveyor Belt, a car park and Edmiston House – or ‘ t us ‘ as it appears to be called now.
Will you be able to pee down the bloke in front of yous legs.Bring back the good auld days.H.H. ;- 0
Anybody know of any good Tim podcasts about the end of the season I can listen to?
Not sure if been posted already…..
http://www.philmacgiollabhain.ie/the-man-who-would-be-sevco/
if celtic could get the 2,600 in place sooner , i predict they will sell out every game.
great we got this far, speed up the implementation,
as the dragon said (big john i mean)
am in
Celtic’s football brand ranked 34th
Celtic football club is reckoned to have a brand value of £79m in the annual rankings by Brand Finance The marketing consultancy has placed the Glasgow club in 34th position in the world league table of brand value. Brand Finance’s annual reckoning suggests Celtic’s valuation, at $120m (£79m), is up 43% on the previous year’s figures. In 34th position, Celtic is just below Turkish team Fenerbahce and one place above Italian club AS Roma. But the Scottish Premiership champions appear below 14 English clubs, including Stoke City, Sunderland and Crystal Palace, as well as Swansea City. The Welsh club is a new entrant to the top 50 league, thought to be worth $140m (£92m). Celtic lie just ahead of West Bromwich Albion, worth $102m (£69m).
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I just want to say a big thank you to the Board.
‘mon the French madamoiselles.
That’s French fur burdz!
HH!!