It’s not like we didn’t warn them. Charles Green, with his ‘blame it on bigotry’ and ‘Rangersitis’ nonsense was an even more transparent charlatan than wee Craig Whyte. Green moved in, fed them the nonsense they were oh so willing to swallow, and made off with their millions. All carried out in broad daylight.
The financial realities were self-evident from day one of Newco’s existence. For a while you had to wonder if any of vast number of fans, journalists and fan-journalists with computers had a spreadsheet between them. But, a more powerful force than Rangersitis had taken hold – vanity. The kind of vanity only those afflicted by a notion of supremacy are susceptible to.
Their club was liquidated, a newco was formed. It adopted Rangers’ name while the original club was still an SFA member (and granting permission for their players to turn out for was for the time known as ‘Sevco Scotland’.
Put yourself in their shoes for a moment. This isn’t an easy pill to swallow. Around these parts people invest the kind of sentiment in their football team which goes into nationalism elsewhere, occasionally causing wars. It’s a primitive but natural part of all of us, so perhaps we should have been more respectful of the feelings of others at the time. Cough.
If someone was able to chart the world’s Cognitive Dissonance harvest it would have been off the chart for the last two years, brought about when a degrading reality met a supremacists vanity. The subsequent scarcity of Armageddon (biff), Celtic’s flourishing Champions League action (bang), the new New Firm (whallop) were all late blows which none of the Jokers at Ibrox anticipated. Even Kilmarnock managed to sort themselves out without collapsing into administration.
Without the ability to accept credit or debit cards, or with the bank’s authority to allow fans to automatically renew season tickets, the signs are written as tall as Ibrox’ Club Deck. I can’t see more than a few thousand being prepared to throw their money into a landfill site.
Season ticket renewal deadline has been moved to a week before when next month’s wages are due. Right now the directors have a reasonable aspiration that tens of thousands of fans will renew but on 17 May, the day after the deadline, reality should crystallise. If there was a spread bet available, I’d put my money on administration in the days to follow.
Money talks, it don’t sing and dance and it don’t do walking away….
Yogi Bare – John Hughes fascinating autobiography, signed copies available below:
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Hehe.
Nah I got your wee cryptic post earlier.
I might take the wee fella along sometime.
The problem the Easdales have is that their pockets aren’t deep enough to play in this game.
The dough they’ve put down already represents a huge slice of their wealth. Let’s put that in a little perspective: The entire registered business enterprise owned by the brothers through the holding company Arranglen Ltd carries a book value of £1.25M.
McGills is the biggest part in terms of revenue – £27M – but is marginally profitable, and is technically insolvent, with a net book value of -£3M.
There are assorted properties, taxi companies and smaller outfits in the group, and of course, they will have taken dividends out of the business over the years, perhaps there’s also been a we lottery win, but nothing that indicates that the money ploughed in to buy Sevco shares and the further £500K provided in loans is anything other than most of what they’ve got.
And with something like 13% of the equity between them, if they’re a tad light the last thing they’ll be up for is a further blind bid just to stay in the game. Whether closed or open, a new funding round is not an appetising prospect as they either pile in money they don’t have, or see their shareholding diluted and devalued substantially.
If they continue to control proxies over another 12% odd of the rights, there is simply no way a resolution can be passed allowing new capital into the business. extraordinary resolutions require a 75% majority, and the Easdales have the votes to prevent it.
And that problem for the Easdales is a hole in the head for whoever is trying to recapitalise the business, whether it’s Graham Wallace internally or Dave King from the outside. Nothing can happen without the Easdales’ consent. In busman’s terms: No Change Given.
Which perhaps explains the apparent contretemps between Easdale and Wallace this week.
Looks like Hoops 88 will be experiencing Championship football next season. Norwich not a great move for him. Hope he enjoys the pay cheques in place of EPL or CL football.
I dont know :))))
seen it on twitter
Paul has asked the to make a donation to a charity close to the heart of Pope Francis, The Wayside Homeless Centre in Glasgow.
Hamilton,
Sorry, I meant songs of heroic battles against they Brit basturts.
If you cannot distinguish between meaningless, one-off friendlies and the ramifications of entry into their set up, fair enough.
We are a cash cow for those friendlies. Nothing more.
GM
Ye I was hoping someone would bite :-)
I’m not into the superhero movies genre but I thought it was well worth the money.
I did however have a word with the manager about one of the trailers which included an inappropriate word which rhymes with banker.
Because its funny mickey Enjoy it :)
Leftclicktic
Yep I’ve just had a look on his Twitter page.
It would seem they’ve printed his full name and where he comes from despite him asking them not to.
Scum.
HT,
I read it about an hour after you posted so I didny comment ;)
A bit inappropriate eh?
My timekeeping usually ensures I don’t see the trailers. Lol
Gerrybhoy
I would guess Gary hooper does realise he made a major mistake in signing for Norwich
Don’t forget he hoped that move would help him get the plain to rio too .
gerrybhoy
Would you take him back ?
charliebhoy.. sorry buddy, cash only !!
john o’neil
16:18 on 26 April, 2014
Hamilton,
Sorry, I meant songs of heroic battles against they Brit basturts.
If you cannot distinguish between meaningless, one-off friendlies and the ramifications of entry into their set up, fair enough.
We are a cash cow for those friendlies. Nothing more.
——
There have been dozens of those ‘meaningless, one-off friendlies’ over the years, that doesn’t appear to have stopped us being asked.
You’re dead right, we’re a cash cow that’s why there’s been moves from some within English football to have us there.
If you think the English FA are going to chuck the toys out the pram because of a few rebel songs then I think you’re very much mistaken.
Ya dancer the ole Contretemps CSC
GM
I had an 11,12 and 13 year old with me, I don’t expect to here language like that in a 12A movie.
Aiden bhoy,
I would. Can’t see it happening though.
I’m sure hoops won’t be crying into his honeynut loops anytime soon.
Norwich will be in the bottom three tonight as things stand – and I can’t see them getting back out.
Gary Hooper won’t be seeing Copacabana beach anytime soon – but he will have Blackpool away to look forward to next season.
geordie Munro
Would love to have him as well. But as you say can’t see it happening .
Charlie Nic “It was almost headered off the line…….but it wasn’t……”
Well said Charlie!
Gordon j,
I have faith that Barry might see to it that you are wrong ;)
Hamilton,
Ernie suggested a British FA. That would include members from Scotland and Northern Irish FAs. The latter would come under pressure from politicians to challenge such chants.
IRA songs would be challenged by rival fans, the FA and the media. Why deny it? You cannot equate meaningless games with entry into a league set up. They don’t care now but they would if we.played every week there.
There are no serious moves. We aren’t wanted or needed.
Last point on it.
Some score at Tannadice.
HT,
You shoulda known better when the trailer for piers Morgan the musical came on :)
88…Sign in haste
…….Repent at leisure
hail hail
The commentator’s curse:
BBC Radio 5 live summariser Kevin Keen at Craven Cottage: “You never know at the bottom of the Premier League but I can only see Fulham going on and winning. I don’t see Hull scoring a goal.”
Guess what happened next? Jelavic scored for Hull.
Aiden Bhoy
16:25 on 26 April, 2014
gerrybhoy
Would you take him back ?
He made the decision; no longer wanted to play at Paradise. So, no, I don’t think I would. He may get a move to another lower EPL club during the summer…..if he’s lucky.
Jackie mac giving his thoughts on the manager of the year nominees.
A couple of years ago the chairman of Bolton put it forward as a proposal to the FA. I’d suggest that’s pretty serious.
Ps I didn’t deny anything. My single point was that a few rebel songs wouldn’t stop us gaining admittance to the English leagues.
Robcfc11
16:25 on 26 April, 2014
charliebhoy.. sorry buddy, cash only !!
………………………………………………………………………………………………………………………………………..no credit facilities!!!!!!…….begs the question, are you a hun ? !!!!
Actually thought that Ledley would have been the one playing in the Championship next season.
Villa not doing to well:((
Hooper stated that he was glad to leave Scottish football. That a few matches against the likes of Barca were no match for going to Old Trafford , The Etihad, The Bridge , The Lane , Anfield, every other week.
He felt that he was to good for Celtic and too good for Scottish football.
He stopped trying in our SPL matches .
He was a decent striker.
Celtic have had many whom were better.
I don’t want him back .
TT
riot at dumbarton hamilton.
it better get a parliamentry enquiry.
Bolton?
Bloody Bolton Hamilton?
C’mon. I would rather get a proposal from Michael Boulton’s mullet.
Regards Hamilton.
Dundee utd go 5 up against the mullets team
Could this affect mccalls chances for manager of the year
Bombers been quiet of late???mmmmmmm
The Battered Bunnet
Excellent analysis re the McKray brothers.
Kind of reminds me of that old story of the two young boys going on a double-decker for the first time, went upstairs before rushing back down moments later. When asked by the conductor what the matter was they replied; “We’re no going up there again, there’s no bloomin driver!”
ThomthetimCSC
I’d bring Hoops back in a heartbeat.
Would love to sign him & Snodgrass close season.
Hopefully retain the current team minus Sammi coz he’s away.
Would also let Beram and Derk go