Newco cannon fodder plans


While I was busy telling one of my first bosses how much money we were going to make in a year or two, he made a comment which has remained with me since, “If you don’t make some sales next month, we’ll not be around to find out if you’re right.”

Plans for 2022 don’t mean a fart to a company which is haemorrhaging cash, billionaire funders, nomads and auditors, all the consequence of a two year war of attrition as newco Rangers tried to fight off an insurrection.

There are literally thousands of metrics you can use to compare the prospects of football clubs but let me draw your eye to a couple, which will give you real insight into the future.

Last season Celtic had 475 “full time equivalents” in employment, 318 people in non-football roles and a further 157 in football operations (players, coaches etc.).  If the average pay of those 318 non-football full-time staff was £25k (I doubt it’s this low), their combined wage bill would be just below £8m.  Celtic’s total annual wage bill was £37.766m, total operating expenses were £59.885m.

If you want to win the Scottish Premiership, this is what you’re competing against.

Newco Rangers announced operating expenses (before amortisation) of £15.684m for the six months to 31 December, which included £6.7m wages, covering both football and non-football staff.  If the figures for the second half of the year are consistent with the first that would give them around £31m income and a £13.4m spend wages.  Income is around half Celtic’s expenses and wages a fraction of Celtic’s

What newco need is tens of millions of pounds of investor cash, the £50m Dave King spoke about ‘when in opposition’ is not an overestimate.

Anything they say before “Here is the £50m investment we need” is there to take attention away from the fact that they haven’t said “Here is the £50m investment we need”.  When they say that, they’re in the game, until then, they’re cannon fodder.  When they stop talking about the £50m needed, they know it’s not coming.

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    I don’t quite understand their sudden desire to avoid delisting.



    IIRC,it was one of King’s stated aims prior to the EGM.



    Unless his wee pals in the MSM have been told to spin the -No ma fault!-line.



    Looks to me as though the glib and shameless liar has the cabal onside. Next step is to dilute further the value of shareholder funds.



    As that includes a lot of Rangers fans,I wonder how they will take it?



    (Oh,it’s for the long term good of the ranjurs,I’m cool wi losing a wad)



    That sounds crazy but the old debenture holders and many more fell for similar in the past.



    Proof that you CAN fool all of the peepul all of the time!


    Well done,Swindonbhoy.



    Two Swindon posts on the podium.



    Beat that,Bognorbhoy!!!

  3. blantyretim is praying for the Knox family on



    Messaged snake and waiting for confirmation of pubs in krakow

  4. captain beefheart



    Sorry my friend, I’ve been on this planet 57 years and had their bile and supremacist bollix shoved down my throat from EVERY form of media.



    We now have the ability to research and reply to their crap……………I am loving every bit of gossip, hearsay, and conjecture on how the Huns are going to do the impossible and die TWICE.



    Scroll past mate I’m for gawping at this rerun of the train crash. Hail Hail

  5. Still digesting the fact that they have to pay 500k to the Mags if – and stress is on if – they get promoted. Oh my aching sides…



    This when they are paying the wages of the Toon 5 and 4 of them will probably never play!



    Truly the gift that keeps on giving!



    Dundee Away tickets purchased – nice mid week trip and game not on TV due to the champs league.

  6. Captain Beefheart on




    Again, some fair points. Ideally – the SFA, Rangers, Herald newspaper and BBC would have apologised (I know…) for tolerating/having a sectarian policy.



    That may well have helped us all move away from more bitterness.

  7. So Sevco would be a new motherwell except with a worse pitch and stadium?



    Mmmmm. I could handle that.


    I’d much prefer if they just died once and for all.



    HH JamesGang

  8. I wonder how that tie in with The Dallas Cowboys is coming along?



  9. Joe Filippis Haircut on

    jamesgang.I am sure we all would want them to just disappear but it aint going to happen fella.H.H.

  10. South Of Tunis on

    Winning Captains .



    Re our exchange yesterday .



    No problem with Macbook Pro.


    No problem with I Pad


    No problem with I Phone .


    No problem with Samsung Galaxy 6


    but —-


    Access to site blocked ( by the Italian State ) on a Lenovo laptop with Windows 8 / Adblocker .. Stated reason is the presence of advertising for somebody called -888 Casino online …



    I would be happy if the block was an attempt to do something re Italy’s terrible problem with gambling but it isn’t —— the problem for the Italian State is that they won’t be earning tax .



    No problem for me —— I simply won’t use the Lenovo.

  11. Delaneys Dunky on




    Are you and Swindonbhoy taking the Shadow Chancer Balls for a £1.99 pint of pure today? :)

  12. squire danaher on




    A fine piece today



    In keeping with the time of year I am tempted to say




  13. bournesouprecipe on

    ♫ My daddy left home when I was three



    And he didn’t leave much to ma and me



    Just this old guitar and an empty bottle of booze.



    Now, I don’t blame him cause he run and hid



    But the meanest thing that he ever did



    Was before he left, he went and named me “Sue.” ♫




    Whoa Whoa Whoa…….. ……….. your name is what?

  14. GlassTwoThirdsFull on

    Pod i 12:21


    And coincidently 2022 is when they stop 10 in a row




    The 10th would come in 2021. But numbers were never their strong point!

  15. bournesouprecipe on




    It sure beats the pants off the hunnic, mineshafting, whatabouteryists.





    Early 90s,my flatmate was a senior auditor with a ‘Big Six’



    He always said that 1+1 was whatever the client wanted it to be.



    His job was to point out otherwise.

  17. captain beefheart



    12:02 on 31 March, 2015









    Oh I’m well aware of Europe mate, and prob. Got what we deserved, but ended up not to bad a show, with a new man at the helm RD new players, change of personnel I honestley didn’t expect to much in Europe this year, and I’m a glass half full guy, RD for what he has went through has done an outstanding job in my opinion for a so called cheap option ( a horrible HUN term used on here in his early days) But? I will expect better next year CL is a must and it is getting harder every year we are in it.


    It’s the last sixteen for us and thas a fact as far as I’m concerned is as fer as we can go, right now we need to know our place and in my opinion that’s it, but you never know with Celtic more than that will do me just fine, but to go on about Europe this year? Well it’s just not fair in my opinion and it’s going back while we have moved on, are in a very good place right now, imho that is.

  18. Paul 67.



    good info,well said.



    Having read the entire report of Accounts they typically open with the same Club myth outlining Achievements since 1872.



    I have never quite understood why the Creditors,including Celtic,circa £40k,have not pursued this same Club nonsense,if its the same Club then same debts.

  19. Blantyre Tim. Thanks to you for that and to the others who have made suggestions. I do think it must have been the Irish Embassy I visited last time as I vaguely remember it was just off the Square. But as I am that bit older now I am grateful for help given on here.



    Saw lots of wonderful places last time and hope to revisit most again. Cannot make up my mind if I want to go back to Auchwitz though? Will see when I get there.

  20. South Of Tunis on

    These days are some payback for their 9 in a Row years . Years of knowing that we were being shafted in a rigged game. Years of walking through ” ra peepul ” as they chanted their supremacist absurdities outside dives like The Rosevale ..



    Karma is a wonderful thing .





    I was unaware he was in Swindon today. Both Swindon seats are highly marginal. Come what,May I will vote Labour.



    But there’s no way I’m introducing him to cheap beer. He’ll view it as a tax-raising option!



    Btw,alternating with £2.20 ‘wit stout’

  22. The exiled tim



    Can you post your email please .



    Have few questions for you when you get a chance. Off to bed soon so will probably send it tomorrow.




  23. BSR



    Sure does.



    By the way, you omitted the crucial “Well” at the start of A Boy Named Sue.



    Let’s ‘av it right!

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