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Hail Mary, full of grace……

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A statement to the stock market by Rangers International today confirmed that they are not a sustainable business, have no bank credit facilities and are unable to accept debit or credit cards for season ticket purchases.

These revelations contravene SFA licence requirements, which would need to be met if the club wanted to participate in Scottish football in season 2014-15.  Before attaining a licence for the forthcoming season a club must demonstrate that is has the finance available to complete its commitments.  Newco Rangers have confirmed they are currently unable to meet this requirement.

Perhaps anticipating their next move, the statement added, “Should the Club suffer a substantial decrease in season ticket income in the next two months, then it would be unable to trade in the short term without seeking additional external funding”.  You suspect this two month timeframe will prove to be significant.

That supporters who chose to automatically renew their season tickets cannot do so is demeaning.  The financial uncertainty behind a season ticket purchase is such that people have been asked to pay by cash, cheque or direct bank transfer.  Utterly, utterly, demeaning.

I sincerely hope whoever is in charge of taking money from fans is in a position to pay them back in the event the club fails.  With this weight of evidence, to bank and spend the money regardless would be despicable.

A few points to bear in mind:

No one is in control of this situation, it was not planned for and there is not a silver bullet to resolve things.

The shareholders and are not a homogenous unit, they have different priorities, aspirations and stress points.

These two things being the case, any amount of carnage can take place once the inevitable crash occurs.

The only plan I can think of goes along the lines of, “Hail Mary, full of grace……..”

Sandy Jardine

I know several CQN’ers were good friends with Sandy Jardine, each of whom assured me of the man’s good character.  Sincere condolences extended to all his family and friends.

Signed copies of Yogi Bare – John Hughes autobiography, are available now:


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  1. traditionalist88 on

    traditionalist88

     

    12:25 on

     

    25 April, 2014

     

    Phyllis Dietrichson

     

     

    The download from LSE is 6 pages, which is ~20days per page:)

     

     

    Nice work if you can get it:)

     

     

    HH

  2. Paul you took the words right out on my mouth to quite an old song.

     

     

    The SFA shouldn’t but WILL grant these shysters a licence to play football.

  3. neilbhoy

     

     

    12:19 on 25 April, 2014

     

     

    ‘Ernie Lynch – please just give your hatred for the SNP a rest for one day and let us all enjoy the shenanigans at Ibrox instead.’

     

     

    ###

     

     

    I’m only responding to stuff posted by nats. I’m not initiating any of it.

     

     

    Why don’t you address your comment to those nats who constantly introduce their political hobby horse on here?

     

     

    Would that not be more appropriate?

  4. ....PFayr supports WeeOscar on

    SS news

     

     

    Suggesting Huns playing budget will not be affected next season

     

     

    Assuming they don’t go bust ….how so ???

  5. macjay1 for Neil Lennon on

    kitalba

     

    12:23 on

     

    25 April, 2014

     

     

    Kit

     

    I have recorded the program and will watch it later.Like you,I have a jaundiced view of history programs and look out for political bias which can often be detected.

     

     

    There never seems to be a mention of British,French or Indian forces involved at Gallipoli.

     

    Only Anzacs.

  6. Jonny the Tim

     

     

    12:17 on 25 April, 2014

     

     

    ‘If only Imran Ahmad had cited Visa or Mastercard as witnesses at his recent court case, he would have managed to get his dough ring-fenced!’

     

     

     

    ###

     

     

    That action’s still ongoing.

     

     

    Maybe Ahmed should have another go at arresting funds.

  7. Morrissey the 23rd on

    I am going to go to a couple of local bars and buy a malt whisky in each. To celebrate. Feel free to join me.

  8. !!Bada Bing!!

     

     

    12:28 on 25 April, 2014

     

     

    ‘Shortbread saying there will be at least 20 redundancies’

     

     

     

    ####

     

     

    Please don’t let it be Sally.

  9. ....PFayr supports WeeOscar on

    Sanna

     

     

    Whit ..nae drink

     

     

    Has last years golf outing put you off for something ….

     

     

    Or was it the earring

  10. Kitalba

     

     

    You are dead right this is an Executive Summary.

     

     

    I would get fired if I presented that to my boss after 127 days!

  11. Sandy Jardine

     

     

    A real decent guy and don’t forget when he and Danny Bhoy were playing they were regarded as the best two full backs in the world,fact!

     

    R I P

     

     

     

    KINGLuBO

  12. Joe Filippis Haircut on

    PFayr. You have to suspect there is more going on behind the scene than we know about.If todays review report is the sum total of the situation in my opinion they wiil not survive the summer.However,for me they are to calm about the whole situation which makes me wonder how much is smoke and how much is mirrors. H.H.

  13. RIP Sandy Jardine.

     

     

    Paul to you think the SFA will actually refuse them a license, or perhaps give them a chance to raise funds by threatening to remove license until the newclub is not contravening the licensing rules. Personally I think they will make no comment.

  14. ‘Tis a good day to return after a 7 day sabbatical.

     

     

    F = Friared (as in a small rotund monk called Tuck)!

     

     

    H!H!

  15. Paul67

     

     

    Nice summary. The rules will be contravened by the SFA but on this occasion will our club allow the rewriting of these rules to pass without comment ?

     

     

    I just wonder how many more milestones in this farce pass without some public leadership by the club.

     

     

    Big Wavy

  16. RIP Sandy Jardine

     

     

    Know a few people connected with Rangers who said he was a good guy.

  17. !!Bada Bing!!

     

    12:37 on

     

    25 April, 2014

     

    Surely the partnership with the Dallas Cowboys will see them alright……

     

    ==================================

     

    Bada Bing,

     

     

    Like yon bird Debbie from said State….

     

     

    They’re F’d

  18. 120 days for a 6-page report?

     

     

    The report has been either heavily edited (i.e. omitting financial details at the last minute) or it was an alternative draft (Plan B) as they were looking for finance options up until midnight last night.

  19. PFAyr , not at all . main lesson from last year was not to try and match your fine self in the red wine stakes – you do have an unfair advantage over most mere mortals.

     

     

    We have a group of 50 kids at the early kick-off the next day and a 1stHC for our junior Kapo , Deccy – it would be preferable if i didn’t show up smelling like a brewery/distillery.

     

     

    PS the earring suits you – is there any truth in the rumour that you started wearing it after the mrs found it in bed ?!

  20. All in all,the news was even better than I hoped for.How anyone can spin this is beyond me.They are in the gutter.Will not get out of the gutter.Is that not what we always wanted?.Their agony to be an ongoing thing.The fallout from this “Peace in our time”piece of paper will be horrendous.Bear on bear action.Marvellous.

     

    I am sure King will be on shortly with a giant crowbar to stick in the spokes.We all know the average bear is dumb.All this bickering will only confuse them to the point of distraction.

     

    120 days,for that.Wonderful.

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