I can’t tell you how many statements I’ve read from those trying to bring down Newco Rangers (bonne chance) but not one comes near to approaching the key question: what can they offer the the men and women who own shares in Newco to convince them to accommodate their future aspirations?
Threats, intimidation and blackmail are all possible incentives, but no one has actually put a case forward which would compensate the investment made by the shareholders who, let’s remember, own all club assets.
An enormous assumption appears to have been made that hedge funds and various Easdales will capitulate and simply walk away and sign their paid-for assets over to a group who are regularly abusive towards them. It’s like 2012 all over again, when parts of the world assumed HMRC would capitulate and agree to a CVA for Oldco, despite all genuine evidence (i.e. published policy) indicating otherwise.
Game Theorists would have a ball with this scenario. Shareholders are being offered a choice, hand over your assets to a hostile opponent or attempt to continue with a vastly reduced business. The former option should not be taken seriously.
Question is, where does this particular game end? It’ll not be in an outcome satisfactory to many of those dreaming of ‘competing with Celtic’ anytime soon.
This mind-set should be familiar. It’s the same one which blamed Celtic, or small-minded small clubs, the SPL and/or SFA, blamed anyone, in fact, apart from those who endorsed years of overspend at Rangers, for their eventual demise.
Walking headlong into unsustainable debt is no different than walking headlong into a conflict with hedge funds who would sell your valued acre for landfill rather than be held to ransom.
I’ll renew my season tickets tonight (still annoyed I didn’t do so in time for the free ticket draw). Whatever happens in the wider scheme of Scottish football, one club will be supported ‘through and through’.
Yogi Bare – The John Hughes autobiography:
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First clumpany in history to be liquidated twice?
:-)
The BBC saying,maybe leaked,that the hun will need to have another share issue.Also changes to the footballing side.Did not know they had one.Just shows you,eh.
MWD
Different type of complex to Silverburn or Braehead.
Not nearly as large — anchored by mix use ( remember hotel etc was already discussed etc ) and all local authorities desperate for new generation.
Anyway the point is — can the investment fund people realistically afford not to explore alternative uses?
Pick any alternative use you wish?
BRTH
Interesting proposition and I wouldn’t rule it out completely.
But….. as someone with a little knowledge of commercial property development I would question the appetite and viability of a retail scheme on this scale so close to both Silverburn and Braehead. Most hotel operators are still on the lookout for locations in and around Glasgow, but I don’t think the Ibrox site would tick many of their boxes.
lionroars67- LB- Thanks bhoys.
BRTH
My own preference would be a huge ecumenical theme park. Painted green and gold of course.
On a mildly more serious note would our brethren brothers at ibrox boycott such a shopping centre or buy all their socks and pants from primark ibrox as some kind of .., ahem…., pilgrimage?!? ;-)
I can see some fat wee heids exploding with such a conundrum!
HH jamesgang
Asda govan would benefit from a wee bit more floor space!
HH jamesgang
Surely any retail development at Ibrox would need to be Poundland!
LB
BRTH – for the non-footballing option, have the security costs been factored in for protection from deranged Loyalist gunmen?! :-)
T4
parkheadcumsalford
08:52 on 25 April, 2014
I have a fear that Milliband bringing the Shadow Cabinet up here might just put the final nail in the coffin of the Better Together campaign. New Labour was designed to appeal to voters in the Tory heartlands in England. Never has had much, if any, appeal here.
I wouldn’t be feart: you descibed oldco/newco Labour perfectly
A Ceiler Gonof Rust @ 23:21
If we sleep together again. I should consider moving in. Once I’ve drank too much on the 10th I will get a train home, so at least I wake at home. Damage limitation.
Marble staircase anyone?
Going cheap.
Colourful past.
2 careless owners.
Buy it noo price £1
HH jamesgang
THe Ibrox site would make an excellent stud farm for alpacas.
“frightened”
To echo James Forrest and TD67;
Lurking Huns, good morning we couldn’t have done it without you. GIRUYs.
Greigs Hyperstore?
HH jamesg
Cattery didn’t know you were meant to keep them alive
25-04-14
A SHROPSHIRE cattery has apologised to customers for not realising they wanted their cats back still breathing.
Joanna Kramer, owner of the Purrfect Pals cattery near Leominster, has admitted killing more than 300 cats “for ease of storage”.
She said: “In my defence, from the tearful goodbyes our customers gave their cats you would have thought it was forever, not two weeks in Cefalonia.
“I had no idea people actually liked cats, and if I’m honest I’m still struggling with the idea. And you try stacking them in a cupboard while they’re still alive. It can’t be done.”
Francesca Johnson, who used the service, said: “Obviously I was upset when my American Bobtail Clyde, who I named after the monkey in that film because he’s incredibly aggressive, came back in a vacuum-wrapped box.
“I fully intended to complain. But then I got home, and nobody was scratching the sofa, demanding stinking bowls of cubed rabbit or shitting in a box in the kitchen.
“And it’s surprising how quickly I got used to that.”
The cattery has now reopened and offers the same service under the name Feline Flatline, and is fully-booked until the end of next year.
robinbhoy
Do you know if there’s a similar place for football clubs :-)))
You’d have to be a very silly/hard-necked/quiet sticky to be on here today!
I’ve witnessed 2 out of 3 of these characteristics in their follow followers!
HH jamesgang
Farm
but beat to it at 10:12
Always said If I was a millionaire I would turn the Zoo into a inner city farm.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Dontbrattbakkinanger
10:12 on
25 April, 2014
THe Ibrox site would make an excellent stud farm for alpacas.
Not just alpacas, but all camelids would be welcome into the marble halls.
Dbbia
I must have an America spellchecker
Humblest apologies
pedrocaravanachio67 @ 08:54
Donny Toadily will no doubt meet-up with the Celtic family that he shares his every thought with and highlight in person in his own anti-intellectual way how only he is a proper supporter.
He is welcome. CQN is a broad church. In my experience though. Trolls never meet-up in real life.
FGF
You couldn’t kill those bassas off that easily
Fiduciary?
With that comes, of course, responsibility.
Either that or they’re fecked.
Personally I would just love to watch it crumble away over the next 50 years.
MWD
Flats.
….pfayr supports weeoscar
I know mate .
Looking forward to meeting up on the 10th , will be better behaved this time :-)))
BRTH
Ibrox ..just off the motorway …not far from Glasgow airport…hmmm,
Laxey will do the best for their clients ….they won’t give a flying fupp for Sevco and their pretend oldco nonsense
This explains the decline in newspaper sales and the growth in social media
Scottish press’s unionist unanimity is unhealthy – political columnist
‘Not right that all papers have the same views,’ he says
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“It is almost impossible to think of civil society as we know it without the contribution made by papers like The Scotsman and The Herald over the last 200 years,” writes Iain Macwhirter, the political commentator for the Glasgow-based Herald titles. He continues:
“Newspapers don’t just sell news; in fact, that has been an increasingly small part of their function in the last century. Newspapers have been cultural curators, critically evaluating artistic and literary trends, providing a showcase for good writing, informing readers on important developments in science and society.
They have provided a forum for informed debate, and promoted their own vigorous opinions on affairs of state, forcing politicians to take note.”
Then comes the inevitable but, and one with a Scottish independence referendum sting…
“But the financial problems of the press are making it harder and harder for them to provide this essential cultural service.
Scottish papers, according to the National Union of Journalists, have lost half their journalists in the last decade or so. UK papers with nominally Scottish editions now dominate the Scottish market.
This is becoming a constitutional issue in the run-up to the independence referendum in September because the Scottish and UK newspapers are almost exclusively unionists – often militantly so.
It is right that newspapers have strong editorial views, but it is not healthy when they all have the same editorial views.”
Macwhirter’s article, on the AllMediaScotland site, is the prelude to next week’s presentation of his pamphlet “Democracy in the dark: the decline of the Scottish press and how to keep the lights on.”
It is taking place on Wednesday (30 April) at the Saltire Society in Edinburgh. For more details and tickets, go to saltiresociety.org.uk or phone 0131-556 -1836.
Comment: That single phrase, about it being right for newspapers to have strong views “but not when they all have the same views”, goes to the heart of a wider debate about the relationship between ownership and editorial content.
It also touches on the fact that a large proportion of the Scottish press is Scottish in name only. With the exception of DC Thomson’s operation, the major newspapers are published by companies based in London (and, in The Herald’s case, ultimately in the USA).
Now I happen to be agnostic on the Scottish independence debate or, arguably, conflicted. I understand why, even in the 21st century, there remains an insistent pressure for independence from nations that have been colonised or incorporated by other nations.
At the same time, I hope for a future in which there are no national barriers whatsoever. There is only one race, I always tell myself, the human race.
Reality impinges, however. I realise distinct societies that, for one reason or another, have failed to hold on to their nation state status (or never even had one) do need to regain it or achieve it.
They must assert their nationhood as a stage on the road to the eventual dismantling of all such geopolitical boundaries.
In view of my ambivalence, I’m glad I’m not confronted by a yes-no voting form. But I am, like Macwhirter, concerned that a fake “Scottish national press” has adopted a single view on the matter.
Then again, note also the fact that opinion polls suggest the independence campaigners are winning the argument despite the press being united in opposition. What does that say about newspapers’ political influence?
BRTH @ 09;44,
Interesting scenario, I don’t know much about the geography of Glasgow so I’m assuming your re-development plan is viable.
However at the moment the shares are with the PLC and the property assets are with the Football Club from what I understand. Now with litigation over the original ownership of the “Rangers” assets – sevco 5088 – would the PLC be able to extract the property from The Rangers Football Club Limited (formerly known as Sevco Scotland, formerly known as Sevco 5088) without an injunction being put in plave?
Just curious.l
Hail Hail
If rumour that another shares issue is on the cards
I have to admit its pretty decent of the club to offer the zombies that missed
out the last time
A once ” in this” lifetime chance to invest.
lionroars67
10:29 on 25 April, 2014
There used to be a paper that supported the SNP, but it didn’t last.
I’m sure there will be an SNP member or supporter on here who can fill you in on the details.
There again, maybe not.
FGF
Haa
I forgotten about that …..probably to do with the bottles of vino …btw was anybody else drinking wine ?
Who would buy shares in a company losing £700k per month ?.
Perhaps the Sevco’s boards cunning plan is to cut costs and crawl along for the immediate future and fervently pray for a majority ‘yes’ vote in September. That would allow wee Alex to invest squillions & squillions of the oil bonanza in saving part of very fabric of Scottish society. Wouldn’t the Loyal zombies just love that quandary?
AlptraumCSC
Cadizzy
Well, if you’re on a par with George, I’m glad I know you. I don’t want to think about how many years it is since I last saw him, but we have mutual friends who update me every now and again. Your post from yesterday has prompted me to get in touch with some people whom I’ve been neglecting in recent times.
On other matters. . . Fantasmagorico? (accent missing, I know).
Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma
09:44 on 25 April, 2014
Would the surveyors who provided the valuations be in any way related to those who valued the heritable property at £120m?
ps Still waiting for an answer about the peas.
Fund A mentalists
as I hear they have a way with or should that be had it away with cash?