Newco cannon fodder plans

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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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804 Comments

  1. Regarding young Liam.

     

    Earlier in the season I was mystified at the

     

    absence of Liam Henderson from the 1st team squad.

     

    Someone posted a link from another Tim website explaining the thought process from Ronny regarding his development.

     

    Que a return to the first team squad in due course.

     

    The loan at this time of season took me by surprise.

     

    It seems our Ronny is thinking outside the box again.

     

    Moving abroad at 18 is a big step. Ronny knows the environment that Liam is going to. I hope he flourishes.

     

    If so Celtic & Liam will benefit.

     

    In Ronny we trust.

  2. Thanks for the replies.

     

     

    The final twist and it’s only an unconfirmed rumour ( that I might just be starting tonight) is that should the final play off game involve Hibs and Trigger’s Broom FC, the latter will object to any extension as most of their soon-to-be-out-of-contract players will become out of contract from 1 June….

     

     

    Sleep tight y’all and be nice!

  3. Since Biton became Bitton he’s gone from strength to strength.

     

     

    I’m therefore pure panning myself in case 3rd Rangers call themselves Sevvco.

     

     

    HH JamesGang

  4. Marspapa makes toast for Shakira

     

     

    What an absolute legend!

     

     

    Night timdom

     

     

    HH JamesGang

  5. Imagine you’re a wee village in Tuscany just trying to recover from the last rape and pillage and Attilla himself comes along and takes a liking to your wine, your pasta and your daughters. And sons, need to be PC these days.

     

     

    So he keeps you going for a while and protects you from the real world, but a wee worm keeps niggling. He’s not a Reel Roman Man it says. Eventually you succumb. You tell Attilla, in Black and White, to piss off.

     

     

    Suddenly, all those nice folk in the neighbouring towns and villages shift their AIM. You’re unprotected.

     

     

    Who in time of desperation would give up Attila for a decadent and weak RRM?

     

     

    Surely not the Sevco Silly Boys?

  6. Hibs are a joke…They will do what they do…Bottle it….The Team coming Down from the SPFL will sink Sevco…or whatever they are called Now…

     

    .

     

    or maybe, Just maybe , QotS….

  7. Jungle Jim Hot Smoked on

    BB

     

    Thanks. Forgot about him……does that say something about my opinion on his performances of late?

     

     

    JJ

  8. His and Falkirk will have no worry about 3 games in 4 days. Sevco will be representing the lower division in playoff.

     

    Get with the plan guys.:)

  9. DD

     

     

    I’m no telling him.

     

    He’s probably wondering about all the fried breakfasts that she’s making and he’s no eating!

     

     

    That’s sometimes a wee sign all’s not well!

     

     

    HH JamesGang

  10. Geordie Munro

     

     

    No, Davie isn’t involved.

     

     

    I had a detailed talk through re the changes, what we’re doing well and what needed improving. This is the unseen Ronny revolution and it is impressive.

  11. TBJ says Wee Oscar Knox is in heaven with the angels on

    Fair scunnered here as someone mentioned toast and tea for shakira

     

     

    I’m really jealous as I don’t have any bread in the house

  12. DD,

     

    was the Shakira song Waka Waka not a tribute to some of your Clydebank green stuff

  13. Wc,

     

     

    Hmmm. So horses mouth was a red herring ;)

     

     

     

    Seriously though I do believe there is great changes happening behind the scenes.

     

     

    HH

  14. evening fholks,

     

     

    re this half million due for the Newcastle 5 after league reconstruction (oops, i mean a legitimate sevco promotion)

     

     

    they simply pay it out of the 20 million that the King has invested. I mean he has invested the promised 20 million right.? Such an honest chap as him will have paid what he promised surely.?

  15. DD & Jamesgang

     

     

    Just settling down to watch Holby City and sae your posts

     

     

    My hips dont lie !! I can but dteam ,

     

     

    Toast is my limit when it comes to keeping the boss happy , everything else am useless .

  16. TBJ says Wee Oscar Knox is in heaven with the angels on

    Gordybhoy

     

     

    Not sure about waka waka but I do remember her singing that she was glad her breasts were small and humble so you didn’t confuse them with mountains

     

     

    Think someone had been using Colombias main export when writing those lyrics ;)

  17. Delaneys Dunky on

    Gordy

     

     

    Shakira prefers Colombian Gold I’ve heard. ;)

     

    Hope you and the good lady had a great weekend in Geordieland.

  18. What is the Stars on

    Leave Shakira alone, she is a decent human being who experienced a lot of poverty as a child and is heavily involved in charitable groups fighting child poverty in columbia.

     

     

    Besides she has a great ass

     

    Maybe she could be my dance partner for Georges square. I will have to explain the dress code of course

  19. DD

     

    Shewolf video !! Double jointed methinks

     

    Her partner is a lucky so and so. Having someome who can ….sing like that :-)

     

     

    G/night guys off two bed with a big grin

     

    ;-)

  20. geordie munro

     

     

    Nobody is happier than me that they might need to spend more money. I think Mike let them off lightly with £500k. It should have been at least £1 million.

  21. Ttr,

     

     

    Ha. Add in the fact only 1 has been ok and only 2 in total have featured.

     

     

    It’s all good :)

     

     

    HH

  22. Tambourine Bhoy of 1967 on

    Just popped on to say I’m sorry that my post(s) yesterday were taken the wrong way by one or two.

     

     

    Blantyretim, fair do’s. Let’s forget about it… but just know I didn’t say what you thought I said :)

     

     

    Haven’t scrolled back… are they dead yet?

     

     

    HH

     

     

    -Tambo-

  23. Thanks to whoever recommended hotel colessio Stirling. Booked last Sunday in April for £20.

     

     

    Smashing

     

     

    P

  24. Delaneys Dunky on

    GM

     

     

    The Derry bhoy was never gonnae play for them.

     

    Mike is doing them rotten.

  25. NirBiton superb tonight for Israel.Never put a foot wrong.Very intelligent player.

     

    What a find.

  26. Blantyre Tim, Zbyszek, judester and others thanks for the advice about where to see games in Krakow. Now I must convince my travelling companion who is not interested in football that these are good pubs to visit. Notice that the Killie game is on a Champions League night, so it might be a case of no televising of our game.