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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Is this the day of Sevco’s traditional crossbar challenge?
ernie lynch
11:13 on 26 April, 2014
GerryBhoy
11:10 on 26 April, 2014
But the version of ‘independence’ that’s on offer, what you’d be voting for, is the SNP’s.
$$$$
I ENTIRELY disagree with that comment.
What is at stake in the referendum is a vote for independence or not. Not a vote for or against half baked SNP ‘policies’. In an independent country a general election (subsequent to the referendum) determines the government of the day, not the SNP white paper! We won’t get an inteligible answer if people don’t understand the question, will we?
ItaliaBhoy
“One things the Nats don’t tell you: the UK has not elected a majority Tory government in over twenty years.”
Yes not a Tory Government just a Government with Tory policies por cierto
Leftckicktic
Thank you kindly.
Running for a reason….training for my first half marathon. Long way to go..to go..a long way:-)
GerryBhoy,
You’re wrong.
You’ll be voting for Salmond to negotiate his version of independence, which as Ernie points out is a very weird version which would leave the manin economic powers in Westminster’s hands (a Westminster more likely to be Tory minus the Labour Scottosh MPs).
You won’t get a vote on whether you agree with what deal Salmond comes back with. And you can bet your bottom bawbee he won’t be taking his “YesScotland” Green and SSP allies into the negotiating chamber.
So September 18 is all about the Celtic-hating, presbyterian-nationalist, neo-liberal, careerist-centred SNP.
good morning
Thunderbirds are go…………….ing to Plymouth…
https://scontent-a-lhr.xx.fbcdn.net/hphotos-prn2/t1.0-9/10260018_693403687372467_2257996637373085094_n.jpg
HH
Por Cierto.
You’d notice the difference between a pure Tory govt and this one, believe me.
But the point remains: No majority Tory government in the UK for over 2 decades, and very unlikely to be one next time.
What does that tell you about the “Tory-dominated Westminster settlement”?
Italiabhoy
Funny how Sevco cams are saying something similar.
Cams=fans
West Sydney wanderers into the ausssie grand final
Come on the sydney hoops :)
ItaliaBhoy
11:27 on 26 April, 2014
If Eck does not win the next Scottish general election, he can fly a kite! In a democracy, you have to be in power to determine government policies and structures.
Yes?
bognorbhoy
FAB
Roll up, Roll up, see the amazing The The
Sannabhoy and 2000 kids say Hail Hail to Pablo’s family
10:52 on 26 April, 2014
Kitalba , books received. cheers
Leftclicktic , check yer moby
————
Emailed you as soon as I got text :))
to the JPG email
steinreignedsupreme- Crossbar challenge rules…….The £1m prize can only be paid by debit card transfer, this could be someone’s unlucky day.
Burghbhoy,
Touché.
I wasn’t even a twinkle in anybody’s eye either. Vocal cord exercising was mainly in the eighties. Or occasionally last week depending on the demon drink.
HH.
ItaliaBhoy
“What does that tell you about the “Tory-dominated Westminster settlement”?”
Westminster is still dominated by right of centre politicians por cierto
theweegreenman
??
goldstar10 11:33 on 26 April, 2014
“Crossbar challenge rules…….The £1m prize can only be paid by debit card transfer, this could be someone’s unlucky day.”
Every day is an unlucky day for those who follow follow the Sevco.
Spirits need to be lifted among ra bears. Maybe they could bring forward Armed Forces Day – or Shipbuilders Day as it should be known at Ibrox.
GerryBhoy
11:23 on 26 April, 2014
That’s not what’s planned.
On a more general point I would have preferred a two stage referendum.
The first on the principle.
The second, assuming a yes vote in the first, on the detailed package on offer once it had been sorted out after negotiation.
Anything else is buying a pig in a poke.
Maybe that’s what will happen next time, which by my calculation will be no earlier than 2039.
2014 and 2039. Strange.
Maybe a description of the 20th and 21st centuries. Tragedy followed by farce.
Italiabhoy
I had the misfortune in discussing this subject with a couple of Sevco fans who had similar concerns to yours, only they also mentioned there would be blood on the streets as well..
So September 18 is all about the Rangers-hating, potestant hating neo-liberal, careerist-centred SNP.
BOURNESOUPRECIPE
Now there’s a plan.
I’ve never had horse curry before.
Knowingly…..
leftclicktic we are all neil lennon
09:55
Indeed
The zombies are still going on about how;
1) Roy Aitken stole a throw in outside his own penalty area in the 1989 scottish cup final
2) Bobo Balde stole a corner at Motherwell in may 2008, and
3) naka winning a free kick 30 yards out at st Mirren
They might be overly deferential (or thick) but they have long memories.
ItaliaBhoy so Labour need a UK. No surprise then that Scotland’s voters eventually migrated to SNP. In my day they were weirdo’s and considered to be Scottish Tories. I know that they have moved to the centre to get the vote. If Scotland was independent there would be no specific reason to vote SNP. There would be a wide range of parties looking for the vote from Nats to Unionists, Red Clydesiders to liberal democrats. I don’t live in Scotland now so the referendum is not my call. I am however interested in what is happening , a hugely significant moment in our history. Choose well and then make whatever is chosen work for the people who live in Scotland.
Por Cierto,
So is an aim of Scottish independence to ensure that “right-wing” politicians are not in government here?
Not very democratic, particularly when one in five Scots vote Tory and I imagine social attitudes across the political spectrum would reveal rather a lot of “right-wing” prejudices.
And anyway, the evidence does not support your contention that Westminster is dominated by right-wing politicians. Since 1992 the Tories have won one outright majority (of 21 seats). Since 1992 Labour has won majorities of 179, 167, and 66.
UK Polling Report has consistently estimated a Labour majority on 2015, based on rolling polls.
http://ukpollingreport.co.uk/
squire danaher
11:40 on 26 April, 2014
leftclicktic we are all neil lennon
09:55
They might be overly deferential (or thick) but they have long memories.
They remember only what they want to remember
theweegreenman,
I understand!
But you must know these guys are (in the words of the immortal Blazing Saddles) “authentic frontier, morons”?
steinreignedsupreme- Or commemorate Canada Day to honour the 2 soldiers.
The city of london tells the Uk goverment what to do. That is the mega corporations that control the US and trying to control the world. The UK is nothing like a truly democratic system . Cameron is desperate to get the UK involved in more wars.Labour show no signs of having a different foreign policy. The mega powers of darkness want to sell weapons they want new markets across the world . They have no interest in the people in the countries they take over. Scotland has a chance to get out and I hope they do. The sectariam stuff is small fry that can be dealt with later.
My friends in Celtic,
Funny when wee Eck visits Carlisle and London etc. it is to give meaningful lectures and offer conciliatory greetings.
However anybody coming up here is attacked as demeaning, interfering and irrelevant. Not to mention their appearance under scrutiny .
More hypocrisy from the kings of spin.
HH
Taurangabhoy
11:41 on 26 April, 2014
The Tories have certainly migrated to the SNP.
And at the last Holyrood election the Lib Dems did too.
bamboo
11:43 on 26 April, 2014
International capitalism’s going to stop at Carlisle, is it?
Ernie Lynch
As a matter of interest, why do you think an independent Scotland’s political landscape would be dominated by the nationality issue ?
You mentioned Brian Wilson – given his well known views, would it not be likely he would raise the 6-county scenario/comparison as a “Project Fear” tactic ??
Any links to BW comments on the issue??
Italiabhoy
Haha. Very true
I resisted the urge to ask if they had wheels on their house and bricks under their car….
squire danaher 11:40 on 26 April, 2014
leftclicktic we are all neil lennon 09:55
“They might be overly deferential (or thick) but they have long memories.”
Not when it comes to learning lessons.
#easymarks
Kitalba
Thank you again Sir, the two crackers over here are trying to sort it :)))))
Replied the wife on her request “what are you upto with that CQN now”.
“I’m being emailed some post world war 2 books by a Tim in Austrailia via Baillieston”
She just walked away shaking her head :)))
What a wonderfull place this is when used properly and not abused.
Thank you again Sir
BT,
I was over in Gweedore, in Sean Og’s, last Wednesday, sharing a few beers with Noel90, his brother and Ard Macha.
The bould Ard Macha is in training for the Berlin Half Marathon on May 3rd. Fair play to him.
Think I may have a use for those wee kid on credit cards you get in a new wallet.
Credit Card Display proudly held aloft to Sevco fans at all football grounds in Scotland.
A bit of payback for the ‘every fiver …’