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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Godsmejudge 15:50 Sandown
Gabriels Kaka 3.25 Haydock
Goldstorm 20:20 Wolverhampton
good luck all
HH
Hadrian’s Approach in the 3:50 at Sandown.
Good luck,
TTTT
BURY PARADE——– 3.50 Sand.
Good luck to every CQN punter.
Doc Hay 14:50 Ripon
Had picked seeking magic (nr) and just seen Doc Hay had beaten it over course & distance last year so thats about as much studying as my head will take.:))
Good luck all and thanks again Fleagle for all your efforts it has been magic taking part.
Keltus 2.05 sandown
Favourite Girl 4.15 Leicester
Tellevoi at Haydock 3.25
Ardlui
Ripon 3.30
All the best.
Hay dock 14:20
BIG JOHNNY D
Good luck all
Saptapadi 3.30 at ripon please
CQN Saturday Naps Competition : Week 37/26th April results & standings
tommytwiststommyturns (Hadrians Approach @10/1) was the solitary winner.
*No selections (wk 37) : Burgas Hoops, Che, El Madrigal, twists n turns.
Cheers, fleagle1888