I’ve seen a bit of chat on where Dave King’s promised overinvestment is, since Celtic humbled his team on Saturday. Let’s be clear, Newco are overinvesting.
Senderos, Barton, Hill, Kranjcar are all earning over £750k, Barton significantly so. They signed a further seven during the transfer window. Running costs are eye-wateringly high for a club without significant income streams from Europe, television or merchandising.
The £30m PR bluster, which the new board used while trying to unseat the Easdales, can now be seen for what it was, but this level of expenditure is pretty much as high as is practically possible without a lunatic Sugar Daddy. In fact, if we were running with similar numbers, I would screaming at you that we need to cut back for fear of insolvency.
Four years ago someone in the game suggested to me the Rangers group of clubs were fatally wounded, despite selling over 30,000 season tickets for the Third Division. The reasoning being that the brand depends on an air of success, and would crumble under sustained, unrelenting, mediocrity.
I’ve been saying for four years, most people haven’t began to realise the far reaching consequence of what happened in 2012. “Getting back” (sic.) isn’t about reaching top flight football, it’s about having the budget to be able to compete with Celtic, who could turnover around £50m more than Newco this season.
Where do you even begin to tackle a problem like that?
No Sugar Daddy will make the multi-season investment required. Insolvency remains a real danger for any club running a deficit in double-digit percentages of its turnover, without robust borrowing in place (or a genuine billionaire acting as backstop, if required).
The non-football costs of running a club at Ibrox and Murray Park (an albatross) are significant and comparable to costs at Celtic Park and Lennoxtown. This leaves income available for football comparable with Hearts, Aberdeen Hibs and Dundee United.
The real conundrum is, do you accept your place and live within your means, or risk insolvency trying to catch Celtic? I don’t think either scenario is a viable option. You can make your own mind up about the viability of the football club.
I’ve not mentioned the toilets on Saturday, which is no more than you expect, but I did expect better than the dummies (which have been shamefully exploited to represent something they were not). Could the Seville experience happen now? Nope. This should concern us all.
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CANAMALAR IT LOOKS LIKE OCD OBSESSION on 12TH SEPTEMBER 2016 1:36 PM
‘we have so many precious born offended in our number.’
##
I used to be on nodding/ exchanging pleasantries terms of acquaintance with a couple of the guys who ran the Éire Go Brách CSC , and they sorted me out for tickets a few times.
They never struck me as being the ‘precious born offended’ type.
https://secure.realdoll.com/
Dummies have feelings too…..
VFR
I think Moussa showed his technique is first class.
Smart bhoy on the park, committed, hungry, modest.
He can be what he wants to be.
Moussa was Magic:)
HH
Great result on Saturday – was away for the weekend but when I heard the result I couldn’t get the smile off my face.
I read Paul’s article with interest. It always amazes me how quickly both the board and indeed fellow supporters turn on the celtic support. Seville was a great experience and it had a mood all of its own. I don’t think that mood could ever be replicated regardless of what is going on.
But to expect the celtic support to be forever angelic when faced with wanton racism is really amazing. Celtic fans can do no right in Scotland. they are to be reviled and subjugated. No matter what the celtic support do they will always be portrayed badly. This is simply a symptom of scotlands racism. Its no mystery.
None of that is of course an excuse for poor behaviour, but when the Sun twist a story to make it something it isn’t you should have the right to expect the club and supporters to rally round.
Not a bit of it it seems. This disdain for fellow supporters is growing.
But perhaps I leave it to VFR800a8 to really take it to the next level with this:
“I also feel that as time moves on, the founding principles and values of the Club are lost on some, but not all, of our younger supporters. That link with the past has always focussed our support and truly made this great institution as a Club like no other. Maybe days like Saturday, When Brendan Rodgers invokes the spirit of Jock Stein will help; as would a proper museum telling the history of our great Club.
It is part of our heritage as Celtic supporters and we need to do what we can to perpetuate it. ”
Utter guff. Prime 100% mince.
Our youngsters have lost touch with our principles? Where? Show me how that is manifesting itself?
I would point you to the boardroom. Are they in keeping with our founding fathers and our values. Does getting non contractual bonuses etc fit with the reason why celtic where founded? How about not paying the living wage or zero hours contracts? Or how about lying repeatedly to the celtic support or maybe colluding with corruption and/or standing idly by while it happened?
I expect to read rubbish like this in FF – or the Sons of Struth statements. Utter garbage and utterly hypocritical. And at its very least sanctimonious claptrap.
VFR
Forgot to add, Moussa’a finish for the 2nd, was sublime.
For a 20yr old, that was wonderful, watch him go now:)
HH
Some comments on how this will play out over at Sevco. King will be protected as long as he keeps paying the Level 5 invoices. The logical step would be to throw Warbo under the bus if things don’t improve.
But.
Didn’t the just sign a new deal? It would be a long time to place him in the Garden for a skint club.
It’s an unholy mess.
Lustig putting the burst beachball on his head like a hat in the 2nd goal celebration was fantastic. Note to Section 444: That’s how to use inflatables.
In terms of the article Paul it is spot on. Analysing what happened in the summer I think the signings made at Ibrox were madness. Their fans were excited by last year’s team, and while it needed help there was another bridge to be built this year. Manage expectations around top 6, engage the fans on ‘the journey’ and pick up the feel good factor along the way, building for a tilt at Europe and the title in years 2 and 3 of the Premiership. Instead the bravado of ‘going for 55’ has taken over, the signings are the opposite of moneyball, whatever you call that (any suggestions?).
The question has to be why did they do that? Why did they flood their team with ageing journeymen who will bleed them of funds and provide no return? It has to be desperation. They don’t have the funds to make that bridge. Losing to Hibs was a much bigger blow than many of their fans understand.
But who sanctioned these signings? Was it Pep Warbiola, or is he a stooge? If it was Warbs and he actually though that this team would challenge then he’s creating a damaging legacy much deeper than you or I could have achieved for them. IF he’s a stooge and there’s a privacy clause in his termination payment then the legacy of self destruction will endure beyond him.
In short I agree there is another financial catastrophe looming. They can chase Europe and two cups, but as each of those fall the desperation will become ever more evident. Share issue and take over by Club1872 / sham fan ownership isn’t too far away as King exits before another insolvency event.
Ernie..,
Who gives a funkeys muck about yer precious goblahblahblah and their precious interpretation of a couple of sex toys with their hands tied behind their back, who the fcuk commits suicide with their hands tied behind their backs, provide me on example except hudini and I’ll accept it was a deliberate attempt at upsetting the suicide squad and condemn them for it.
BT
How many decent players would go there, its poison.
They are stuck in a timewarp, the world has moved on, they are standing still.
They still dont get it.
Thats why they are hilarious:)
Loving their pain.
HH
Just so you know that Paul is not alone in his appraisal of Rangers’ finances, here’s an extract from another blog, not as cautious, allusive or wise as CQN, but bracingly outspoken, frank to a fault, sceptical to an even deeper fault – and written by a bluenose:
Kranjcar’s decline has been so precipitous that he found himself on a short contract in the second tier of American soccer. He was so clumsy and slow in the tackle that he had to be withdrawn as he almost certainly would have been sent off. This signing is a failure by Warburton. If he is being paid £17,5oo per week, as those close to the Auchenhowie Academy suggest, his forty-eight week contract will cost Rangers £865,000, which is inclusive of a £25,000 payment to avoid relegation. Senderos, who was clearly out of his depth at Celtic Park, is reportedly earning £793,000.His replacement on Saturday, who will be 38 next month, is on the same terms. As are Wallace and Miller. Joey Barton, who insiders suggest is earning £1,033,000, was so slow in distributing the ball that one wonders what all the hype was about. Garner, wearing a tea cosy and costing £1.47m (don’t believe the hype), is on the same basic as the senior players, namely £793,000. Tavernier and Waghorn are now both earning £697,000 per annum. The other members of the 25 man squad are earning a minimum of £409,000 per annum. If my sources are accurate, Rangers are spending £12,432,000 per annum on an inordinately poor squad of football pensioners and Scottish Championship-level players. This on current income levels is not in any way sustainable. Those expecting King to turn up bearing gifts in January will no doubt be surprised when Waghorn, McKay and Tavernier are being punted by their respective agents
Magic
Im now going local to gloat at the stray huns in Maryhill.
Cant imagine there will be many, but you never know.
Huge grin on my face….Huns beware:)
Laters Hunskelpers
KevJ
The rebels win again, rebel flag flying
HH
fabulous point about a museum , vfr – to eek out what exactly has built the fabulous looking stadium, what is it that brings thousabds and thousands
beside the burger van beside the shop is where I’d put it
VFR @ 12.01
Hertz and the Sheep have both out sung the GB in the last 6 months.
The Hertz example was particularly bad as they did it continually for a long period of time.
You could here the rustle of songbooks as the GB tried to work out what to do next.
I hope the club introduce another standing section in the NW corner to match the current NE corner sorry curve. Might open up the ultra fan vibe to a wider range of participants or even better we could become leaders rather than followers and generate a true Glesga vibe.
From the DR –
‘MARK WARBURTON has six weeks to pull a rabbit out his magic hat or the hare is running on his long-term future as Rangers boss.
Sorry Mark but even your go-to guys at talkSPORT would struggle to put a positive spin on the embarrassment that unfolded for your team at Celtic Park on Saturday afternoon.’
Ross county then aberdeen ahead for them – could go either way
Mad Mitch,
Is that how it sounded on the telly ?
Turkeybhoy on 12th September 2016 12:52 pm
Since 2012 the Huns have racked up yearly losses,at present,around 30 million quid,being kind.Who is this money owed to.Just how have these losses been sustained?
JJ site is forever going on about nefarious practises regarding money laundering taking place.Dont know the absolute truth about that,but just where are they getting the money from?
We know the costs of running a club their sze with their overheads,and according to what I have read,their ST money,their payment from 32 Red,amounts to 9 million ,after tax.That will probably be around half what they require this season.They are not listed,their accounts,what we see,are not signed off.o one knows how they are running this business.
Their next couple of 6 monthly accounts should really make interesting reading.They are going to be around 40 million in debt,with no income source to speak of,yet no one seems to care in the echelons of power.
It cant end well.
=================================
‘It can’t end well’.
Au contraire, my friend – it is going to end… Absolutely. Beautifully.
Get your popcorn in now.
Sex dolls – those dolls are far too attractive to bae taken for Huns. Your arguments are invalid…
Just in case the overtly contrite, inadvertently gullible (goodness, we’re almost verging on forelock-tugging to Hun media interpretation of events with some repetitive posts) and sanctimonious are running out of hand-wringing material –
There are 2 threads running on FollowFollow that claim the huddle after the 3rd goal – the Poznan – was co-ordinated to mock the 66 victims of the Ibrox diaster, running as it did through the 66th minute.
Yes, you did read that correctly. Our celebrations were designed to mock a disaster. Celtic had the audacity to score just before the 66th minute and 50,000 has the disgusting taste to use that to dance on the graves of victims of a tragedy. Including worldwide rock superstar, Sir Rod.
THAT is what you’re up against. THAT pish is what you perpetrate when you spend days after a magnificent routing greetin’ about crass gags.
5-1.
I’ll repeat that for the lurkers and apologists.
5-1.
Theyr’re trying to build a force field around it that the Death Star itself would be proud of; deflect, deflect, deflect; evil Timmies, nasty men, sinister organised displays…
blah,blah,blah…
5-1.
Lest ye forget at the downing of the sun today…
Ooooo….
A few posts about their financial problems.
Seems to me as long as Police Scotland allow money laundering to take place at the bigot dome, they will carry on without any bother me thinks.
Can … @ 2.09
No — from the free pie seats next to the GB.
That is how I could hear the pages rustling.
Mad Mitch,
How many green brigade members are there ?
I just did something I haven’t done in at least a year- read the Herald’s sports pages. I was looking for an account of Saturday’s game. No report of the game at all. A Mathew Lindsay and a Stewart Fisher had umpteen articles about the effects and consequences of the game for the deid team but no actual report of the game. How they must be hurting. Has this ever happened before?
DeliaSmith,
That’s a substantial tax bill coming up :)
“The real conundrum is, do you accept your place and live within your means, or risk insolvency trying to catch Celtic? ”
———
Tough circle to square there.
They don’t do “accepting their place”, so you would see a big drop-off in attendances. That’s their main income source……
BlantyreKev
Doughball?
HH
BlantyreKev
The opposite of “moneyball” is “llabyenom”. We’ll it might as well be as it’s a made up nonsense construct like the policy they pursue.
There is something in their physche that denies reality, but after hunners of years of getting away with the consequences of such denial, can you blame them?
The current set up there, if it were graphically represented by a stick of rock, would find the word “stupidity” ran all the way through in lettering.
If Gibran is right and “Pain is the breaking of the shell that encloses understanding” then how much more pain is it going to take?
Another insolvency might be enough to do the trick but in the meantime lets take “Joy in their Sorrow unmasked.”
I think Gibran must have been a Tim.
CANAMALAR IT LOOKS LIKE OCD OBSESSION on 12TH SEPTEMBER 2016 2:13 PM
Mad Mitch,
How many green brigade members are there ?
##
Only 23 fully badged members.
The rest are neophytes and novitiates of varying degrees.
This information has been obtained by electronic surveillance and is not widely known. So keep it under your hat.
TET,
I thought the idea of money laundering was you got some clean money out the other side, the bigotdome washing machine is broke and anything that goes in appears to be getting flushed away in the rinse cycle :)
Anyone off to Barca?
HH
AULDHEID on 12TH SEPTEMBER 2016 2:20 PM
You get the feeling that there’s something Micaberesque about whoever is running the show.
It’s the only explanation, however irrational.
Serious question for those that might be a bit more savvy than me…
How would money laundering actually work to someone’s benefit at Ibrox?
I can see the principle of someone injecting ‘dirty money’ through soft loans etc. – but how would that work to their benefit unless there is a load of ‘clean money’ heading back in their direction?
What is the ‘clean money’? – dividends, salaries, fake contracts, investment tax breaks? – and who stands to benefit?
Ernie..,
Them 23 are shite according to mad Mitch if they can’t even out sing the hearts and Aberdeen support for a full 90 minutes. I expect he counts everyone who joins in in their Tiffos right enough. Cause that’s how it works innit
ROCCOBHOY on 12TH SEPTEMBER 2016 1:34 PM
with regards to Big Tam being taken off early in the second half, probably a bit of caution in that decision. I imagined he was asked by Brendan how he felt after the huns kicked lumps out of him in the first half. Brendan not wanting to take him out of the game asked him to give it a go and if he didn’t feel right then to come off
justmyopinionCSC
HH
gsu
BlantyreKev
Opposite of moneyball = dodgyball ;-)
Canman
They will be paying the leccy bill and a few others with what’s left from the cycle, a small % for admin fees, see what I did there :-)
It’s the only explanation I can see, I can’t see people pumping money in for the sake of it, these kinda people only care about the money.
HH
Don’t worry bout sevcos losses. MW has lots of mates in big finance from when he was a teaboy in The City.
MadMitch on 12th September 2016 2:11 pm
Can … @ 2.09
No — from the free pie seats next to the GB.
That is how I could hear the pages rustling.
________________________________________________
So what in effect you are saying is that if the GB don’t produce the noise then the opposition fans will out-sing the Celtic fans; surely that flies in the face of the spirit of your earlier post which decried the GB?
Not that I agree with you anyway; I’ve not missed a home game in years and was at all 4 of the Hearts and Aberdeen games (which are the games I assume you are alluding to) and don’t recall our fans being out-sung.
Anyway, we shall agree to differ on this one my friend.
FAC the Act
KTF
TET,
I can see a bob or two being provided from Ulster, I mean the bigot dome is still a prized recruitment location.
Greenman, it’s also encouraging to read that young Moussa turned down the filthy lucre in order to get playing time, CL experience and trophies!
FAC the Act
KTF
GREENSIDEUO/ROCCOBHIY…
Brendan mentioned in his post match interview that he planned for only 55-60 mins for Tom before replacing him because of the travel he put in on to play for the Aussies.