Scottish clubs are now subject to Uefa Licensing and Financial Fair Play Regulations which insist club’s pay creditors in a timely manner or become subject to sanctions. These pesky rules should prevent debts reaching a maturity of more than six months old and becoming subject of a Winding-up Order. I am sure old Heavily Conflicted, also known as the SFA president, will have sprung into action on hearing recent news.
The Rangers yesterday issued a short statement following Channel 4’s story that Orlit Enterprise threatened a Winding-Up Order, insisting, “Rangers Football Club is capable of meeting any debts presented legitimately and we would like to stress to our supporters there is no threat to the Club whatsoever”. They really need to stay on-message… football clubs are never threatened; it’s only the Company which can be liquidated! Apparently.
I hear Charles Green is on an international bucket collection, Dubai and then onto Australia. Meanwhile, it is crucial no one disturbs his important work. When you think of the people who could have taken ownership of Ibrox last year, he has been absolutely perfect.
On other matters……..
The new edition of CQN Magazine is out and available for your consumption. Written by and for Celtic fans, it is another Celtic joy!
I’m also delighted to report we have been seriously diss’ed by the Italians ahead of Tuesday’s Champions League game. Notes for the dressing room wall coming up soon!
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I remember Sammi was 50/50 to make the Barcà game and thinking we would have More of a Chance if He Makes it..
Get Well Soon..
Summa of Samaras
Glasstwothirdsfull
Nothing to do with Minty it’s Lawwell’s fault …get with the program
Jabba’s rant being covered in the rags. Comments should be a good laugh!
http://www.eveningtimes.co.uk/news/rangers-fury-over-claims-of-400000-invoice-row-115114n.20156569
http://www.heraldscotland.com/news/home-news/rangers-condemns-attacks-over-debt.20156774
Green: Rangers must be prepared to cope with ‘seven years of famine’
Herald Scotland: Staff writer
Friday 8 February 2013
Charles Green, the Rangers chief executive, has reiterated that while the financial situation at the Ibrox club is more stable, plans still need to be put in place to cope with the prospect of suffering “seven years of famine”.
Charles Green, the Rangers chief executive, has reiterated that while the financial situation at the Ibrox club is more stable, plans still need to be put in place to cope with the prospect of suffering \”seven years of famine\”.
Custom byline text: Staff writer
That reference was intended to express the need for the club to continue to pursue new revenue streams – notably Green’s controversial plan to sell the naming rights for Ibrox.
The chief executive has grown to become a popular figure among the majority of the Rangers support but his proposal to allow a sponsor to rename the club’s home has still proved jarring. He accepts that the issue will always be “an emotive subject” but it has been a hard sell for fans who are regularly told that 48,000 fans go to home games and that the club’s flotation on the London Stock Exchange’s junior Alternative Investment Market in December raised £22.2m through large institutions as well as smaller investors, including fans.
Contextual targeting label: Finance
Green has, however, repeated his belief that his club must remain committed to fiscal prudence and is unwavering that selling the naming rights to Ibrox will represent good business in the long run.
“I reply by quoting part of the Bible and how seven years of feast is followed by seven years of famine,” said Green in an interview with media in Dubai. “At the moment, we are in a feast: we have 48,000 fans coming through the turnstiles, we have cash in the bank and are in a very, very positive zone. But there will be bad times as well.
“What we have to do is run this not in the hope that someone like David Murray [Rangers’ former owner and chairman] has got a credit card or that the bank will give us an overdraft. We have to run it where we work our assets, monetise what we have and spend it wisely.”
Rangers intend to announce their new kit manufacturer within seven days, while plans to fill next season’s jerseys are still ongoing despite the club’s registration embargo. “Money is being put in a piggy bank [for manager Ally McCoist],” said Green. “We would expect to bring in a group of players out of contract in the summer and they could sign from September 1.”
Richie
Interesting description of the Huns as soft touches re matters financial
Soft touches is not a term I would use for a company who deliberately trades while insolvent and runs up huge debts with no intention of satisfying its creditors
RFC ..Sevco…different turd same stink !
Funniest comment on Sevco’s official statement yesterday came from BBC Shortbread’s Business Editor Douglas Fraser:
“Just re-read the #Rangers #RFC statements this evening – concluding the only explanation is that the website’s been hacked”
Richie
If sevco are in “feast” at this time…..rank fitba…..papped out of every cup before the competition gets serious …..I cannae wait til they are in famine
PFayr
One of the replies to the ET article: (great minds think alike!)
Ronnie Campbell, Leeds
I just love that phrase, “Rangers are no longer soft touches”. Ostensibly a ‘Club statement’.
Just ‘when’ were Rangers, I presume this is newco we are talking about, known as soft touches? Even more curious, if applied to oldco Rangers…soft touches, ahem, can we ask the creditors and HMRC just how ‘soft’ Rangers (oldco) were?
Will this saga ever end? Nonsense (in my opinion) about bowing or running from bullies, or, not being pressured to hand over £1 does not a story make!
When will we readers be treated to investigative journalism of real quality and endeavour? Just what does ‘significantly less’ mean? Give us the FACTS please and leave the unwanted rhetoric to the comics where they belong! I understand that ‘Reporters’ should relay what is actually said by their contacts, but, hey, this is gravy, where is the meat?
I re-awoke obsessed with te notion that the weekend weather @ Inverness would be atrocious and the game would be postponed, thus giving our Bhoys some extra run-up time to the Juve game.
Am I mad?
Answers not obligatory.
Richie
As one might expect, The Herald’s coverage is little more than a regurgitation of quotes from Jabba and Chazza.
However, I note that (rather riskily for the Herald), it has used (on both page 5 of its main paper and in its sports supplement) an image of a cracked Rangers club crest to promote a Herald feature (‘starting tomorrow’ entitled ‘Rangers – One Year On’.
I take it The Herald is already firmly on the Dark Side’s proscribed list …
FF
Miki67
from BBC:
Forecast Summary
Saturday
A mainly cloudy day with outbreaks of rain, these heaviest and most persistent across in the west with the driest conditions around Dingwall. Freshening southeasterly winds.
…and you’re not mad.
Miki
Weather for ICT game suggests 6C and rain…
Rangers kits sponsors finally announced.
Order your new kit here : http://www.bluenose.co.uk/
Vale bhoy, head to cocos in rembrandtsplein, good boozers, with a few good tims in attendance for most games. Added bonus is ur a hop/skip/jump from all other sportin activities in the big bad dam!
Green’s gone radio…..7 years of famine? Is he a biblcal prophet ? What next? A plague of locusts?
The man’s a cunning bam.
I would imagine Neil will play a strong team against ICT. Winning games breeds winning games. We have some players who need matches.
Forster
Lustig
Wilson
Rogne
Matthews
Ledley
Kayal
Miku
Forrest
Lassad
Stokes
I think Forrest and Forster need games. I also think Ledley needs another 90 mins. Matthews is a kid and should handle the match. Lustig will need to try and play himself into the side.
I would try Miku in an advanced midfield role. This game is not a must win but we don’t play games to draw and that side should be good enough to get something. Stokes will be bursting to prove he is worthy of a game on Wednesday and I suspect he will net a couple.
3-0 win for the Hoops
LB
I hope he is going to paint each locust blue and sell them as its the only way he is going to reach his projected £100 million a year without EUROPE
Any chance of Rogic making the squad for tomorrow
I see the BBC is adopting the new narrative…
“The company which runs Rangers Football Club faces the prospect of a winding-up order…”
Just heard Anelka on the radio ——
” I have been training like I have never done before . I will be fit for Celtic . I would love to play in Glasgow . I’m told the atmosphere is special. I love big noisy crowds -they inspire me “
And oh aye, quoting the bible in a muslim country, in relation to an insanely bigoted religiously sectarian crimininal organisation, goes a long way to proving Chawlls is out to lunch…..probably with them lcusts.
….PFayr
They are using the same agenda with the word bigot as the unionist party’s did years ago, when they would say, Sinn Fein/IRA
say it often enough, people start believing
TBB
Interesting new narrative
I assume this is the line being adopted for when sevco go belly up and The The Rangers is put in place and this charade about oldco history begins again
This is a wee snippet from FF clearly showing that they have their fingers on the pulse and have no qualms wading into the financial bits and bobs:
toinfinityandbeyond
RST and buy rangers
——————————————————————————–
When are you’s planning to increase shareholding? Do
You’s have pledges for the next batch? I bought my own but I’m interested to know if and when an increase would take place? And how do I get involved as In pledging? Or joining the waiting list?
——————————————————————————–
Number_Eight
Re: RST and buy rangers
Someone who knows the facts should answer this, but until they do, I’m happy to bump your thread.
——————————————————————————–
toinfinityandbeyond
Thanks No8 the reason I brought it up was the fact if we had a decent amount put by waiting for purchasing more then surely we should have a strategy such as when they get to a certain price(low) time to buy,if they get(high) sell some then buy back at lower etc…. What do you think?
——————————————————————————–
Quote:
Originally Posted by toinfinityandbeyond
Thanks No8 the reason I brought it up was the fact if we had a decent amount put by waiting for purchasing more then surely we should have a strategy such as when they get to a certain price(low) time to buy,if they get(high) sell some then buy back at lower etc…. What do you think?
Good strategy
——————————————————————————–
toinfinityandbeyond
Quote:
Originally Posted by okeydokey505
Good strategy
I know it is are we going to adopt this and do we have enough pledges to do this at the next purchase whenever that will be? And do we have folk who know the aim well enough to play this strategy?
miki67
Irony of that is brilliant.
I am left to wonder if the S.F.A. has removed from its constitution, that clause about ‘bringing the game into disrepute’ in view of the silence which has greeted recent outbursts from Green, McCoist and Traynor . Perhaps they have been too busy preparing their implementation of the Fair Finance Initiative.
Richie
Do you think they’re aware of Greengo s seven years of famine prediction
Deluded fools….then again they thought they were going to win three cups this season ..
TBB at 10.49, that was the line they were trotting out on radio scotland all day yesterday.
Strangely enough though, a few weeks back there was no mention of the company that runs kilmarnock when they were slapped with an 18K winding up order. And, I’m pretty positive we never saw the line “the company that owns hearts” in the media.
How very very odd.
Grand Poobah Chawlls’ Theme Song: ” I Am The Slime ” :
http://www.youtube.com/watch?v=RKz7NDzWi9M&feature=youtube_gdata_player
Richie – 10:55 on 8 February, 2013
Surely somebody has to tell them that shares can now be bought and sold whenever they like.
Richie
10:55
That is laughable
Are they actrually planning on trying to make money out of these shares?
If I owned shares in Celtic (which is a plan I fully intend to fulfil with more disposable income) I dont think anything could make me sell them. They would me being part of another aspect of the club I love.
If they are planning to treat these shares like some random energy company they are going to be bitterly disappointed…again.
With regard to that statement I just made, I do understand (in principle if not fully in practise) that buy low sell high is the whole point in the stockmarket and making money from it.
My disbelief is more with them trying to squeeze more money out of this personally.
Son of Gabriel – 11:03 on 8 February, 2013
No I think the proposed plan is for the RST to gradually increase their holding buy trading.
….pfayr 10:35
lol!
Cannot agree more.
PFayr
As with Traynor, they will only absorb statements/comments from Green which fit into their ‘victim’ agenda.
There is no mention of the ‘famine’ comment on FF (maybe it’s already over!) but the Louden visit is being heralded as an opportunity to ask Chucky to go after ‘3 names’, ‘odious creep’ etc.
Jabba could join in with “I Am The Slime” an’ aw.
Ach….the bams just scunner me, and make me laugh at ther inanities, too.
Top of the morning to you all from a mild and sunny Fife.
I love farce, and black comedy but sometimes when I read classics such as Joseph Heller’s Catch 22 I think the author has taken it too far with his characters, such as :
Chief White Halfoat, the American Indian whose family strike oil wherever they go.
Major Major Major Major, the squadron commander who jumps out of his office window whenever anyone knocks at his door.
Milo Minderbinder, the entrepanuerial Lieutenant who contracts US planes to bomb for both sides in the war.
But then I look at the papers and see Tony Blair as Middle East peace envoy and realise that Heller was spot on.
If anyone had written a script to a publisher/film-maker about the last year at Ibrox they would have been thrown out the door.
Who would have believed the cast of characters that have filled our lives with such fun?
Sir David Murray of Moonbeams, who tried his hand with Joanna Lumley at their first meeting. The horny owner of Rangers bought the club after tossing a coin for a £5 million (interest free?) loan with his pal at the BOS, then sold it for £1 to a man “who smelled right”.
Paul Baxendale-Walker talk show host, porn star and porn film producer and one time lawyer, the great architect of EBTs.
Monaco resident and sometimes Scottish castle/portacabin dweller, Craig Thomas Whyte, a Motherwell born billionaire who is said to associate with Monaco’s royal family when not ripping off roofers in Nairn. Craig’s selling off the Arsenal shares must rank as a candidate for investigation by the Rip off Britain squad.
Bluff no-nonsense Yorkshireman Charles Green who promises us that he will tell it as it is and then does the complete opposite.
John “Bomber” Brown who confronted Green face to face before storming the front doors of Ibrox with a bevvied mob demanding to know where the title deeds were.
Others such as Jabba, the Mr Custard clown, etc are too numerous to mention, but just when you think it couldn’t get any worse enter stage right Chan Fook Meng, an “associate” of Rangers chief executive Charles Green, who is demanding his returns and threatening legal action.
I wouldn’t bat an eyelid if it turns out that Green is kidnapped by the Tongs and held to ransom on a remote atoll in the South China Sea.
You simply couldn’t make it up.