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Premiership-Championship, financial fundamentals

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We’re in the last week of November and one point separates Celtic, Inverness and Dundee United at the top of the table, with Hamilton a point behind.  Dundee, who put on a credible performance yesterday, sit alongside seventh placed Kilmarnock, nine points of the pace.  That’s more than half the league within nine points of the top.

Remember the day Accies relegated Hibs, and we were told how the Championship would be vastly more competitive than the Premiership this season?  There’s a nine point gap at the top of the Championship, which is the least competitive senior league in Britain.

If you were an investor in a Championship team located anywhere outside Gorgie, you might be running the numbers this morning on what another season of lower league football is going to cost to fund.  With ever-diminishing income I know one club who could need £30m investment to get them through another 18 months of Championship football.

The chances of than kind of money materialising are zero, no matter if they flog their properties.  There will also be a structural deficit, even with Premiership football, of having a massive infrastructure to support, without European revenue, of around £10m per season.

If you are a football club in Scotland with a large infrastructure to operate, maintain, police and insure, you need significant and regular European income.  The cost of funding the job to overcome domestic and European competition (all of the latter would be seeded), runs into many tens of millions.

No one has even pretended they have a viable plan to overcome such obstacles.  Hope you can find the fun in financial fundamentals.

Thanks for the feedback on Caesar & the Assassin, which is available here on CQNBookstore, but… if you go here, for an extra £1.01 you can get the book and a DVD (from Cesar (sic.), 6-2 game, Road to Seville, Birthday Bhoys Beating Barca).

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  1. auldheid-if Sevco go breasts north, where would that leave Ashley re his ‘securities’ against his loans?

  2. I hate monopoly.

     

    Hate board games in general.

     

     

    But Sevco monopoly might be fun. Instead of ‘do not pass go’ you have ‘do not publish accounts’.

     

     

    Best they don’t land at the Brazen….that’ll cost you…….with TD brandishing his stack of GIRUY cards.

     

     

    Fun for all the Fhamily!

     

     

    HH jamesgang

  3. Davidopoulos

     

    16:42 on 24 November, 2014

     

     

    How many years of annual accounts have Sevco produced? 1?

     

    ———————————————

     

    9, according to the David Murray accounting sytem which was bought alongside the jerseys, history etc

  4. jamesgang

     

     

    16:48 on 24 November, 2014

     

     

    I hate monopoly.

     

    Hate board games in general.

     

     

    But Sevco monopoly might be fun. Instead of ‘do not pass go’ you have ‘do not publish accounts’.

     

     

    Best they don’t land at the Brazen….that’ll cost you…….with TD brandishing his stack of GIRUY cards.

     

     

    Fun for all the Fhamily!

     

     

    HH jamesgang

     

    —————————————————————

     

     

    Free Parking? No, not unless you have security over the car park…

  5. Ron Bacardi

     

     

    16:48 on 24 November, 2014

     

     

    Davidopoulos

     

    16:42 on 24 November, 2014

     

     

    How many years of annual accounts have Sevco produced? 1?

     

    ———————————————

     

    9, according to the David Murray accounting sytem which was bought alongside the jerseys, history etc

     

    ———————————————

     

     

    1 for Sevco 5088

     

    1 for Sevco Scotland

     

    1 for the “club entity”

     

    1 for Edminston house (whoever owns that)

     

    ….

  6. Hi jamesgang, I believe there is a bit of a pre-match swalley in the Blane Valley on Thursday. Just wondering if you are planning to attend.

  7. jamesgang

     

     

    I like a good board game.

     

    I suspect any Sevco based board game would be based around Cluedo.

     

    Other suggestions would be snakes and ladders, Guess who, Kerplunk & Crash – The board game where every player starts as a Billionaire and has to go bust.

     

     

    Fun for all the family.

     

     

    LB

  8. bournesouprecipe on

    “That’s their problem, although I cannot say I’m not enjoying what’s happening to them”.

     

     

    Salary McCoist 1994

  9. corkcelt

     

     

    Would love to Fhriend. But I’ll have my 9 y/o son with me and although he’s tall and he’d love a beer I fear he’d not get in!!!any chance you might make even a fleeting appearance at CQN corner? If seeking out your favourite sausage supper prevents us meeting before kick off I could also pop over to the Corner for a wee minute on the way out after the game?

     

     

    HH Fhriend

     

     

    Jamesgang

  10. Bhoylo83

     

     

    Sevco Monopoly Pieces.

     

     

    Bicycle

     

    Bowler Hat

     

    Flute

     

    Referee Whistle

     

     

     

     

    LB

  11. Livibhoy

     

     

    Snakes and Bassas

     

     

    PS you said Sevco were playing livi. Is you against them. You have the skills but you’ll need Kevlar shinnies!

     

     

    HH jamesgang

  12. jamesgang

     

     

    Sevco are in the semi V Alloa. Livi are in the final. I have more pace than Boyd and I am very unfit this days. I think I could get a draw on my own if I was not red carded for an assault on any number of their players.

     

     

    LB

  13. bournesouprecipe on

    It takes ten Sevconians to change a light bulb. One to change it, and nine to insist it’s still the same bulb.

     

     

    OldiesAreTheOldies CSC

  14. Sevco Community Chest Cards

     

     

    Get out of jail free – this card may be kept until needed, or sold

     

    Go to jail – go directly to jail – Do not pass Govan, do not collect £3m from Mike Ashley

     

    Income Tax Fraud – pay £134m

     

    You are assessed for stadium repairs

  15. Livibhoy

     

     

    Snakes and Bassas

     

     

    PS you said Sevco were playing livi. Is it just you against them. You have the skills but you’ll need Kevlar shinnies!

     

     

    HH jamesgang

  16. jamesgang

     

    That Beckham Jr catch

     

     

    He was working on it with teammates repeatedly before he came on to the field,

     

    not a fluke CSC :))

  17. Via KDS, the hallucinatory ramblings of the cloven hooved bedlamite D’artagnan:

     

     

    ‘ The old man shuffled in the large leather chair, one of those traditional ones designed to encourage good seating posture rather than slouching, pushing his steel rimmed glasses onto his forehead he took what he hoped would be another sip of inspiration from the lukewarm tea on the table, just for a brief moment he thought about undoing his top shirt button and loosening his tie to provide relief from the late afternoon sun beaming through the office window and which was taking its toll – but that would just not do, “standards, standards, standards” he muttered to himself, the presentation was tomorrow and the speech had to be finished, so reaching for his trusty pencil and notepad he collected his thoughts and began scribbling…

     

     

    “I have been lucky — lucky in those who were around me from the boardroom to the dressing-room. In time of stress, their unstinted support, unbroken devotion to our club and calmness in adversity eased the task of making Rangers FC the premier club in this country.

     

     

    To be a Ranger is to sense the sacred trust of upholding all that such a name means in this shrine of football. They must be true in their conception of what the Ibrox tradition seeks from them. No true Ranger has ever failed in the tradition set him.”

     

     

    Our very success, gained you will agree by skill, will draw more people than ever to see it. And that will benefit many more clubs than Rangers. Let the others come after us. We welcome the chase. It is healthy for us. We will never hide from it. Never fear, inevitably we shall have our years of failure, and when they arrive, we must reveal tolerance and sanity. No matter the days of anxiety that come our way, we shall emerge stronger because of the trials to be overcome. That has been the philosophy of the Rangers since the days of the gallant pioneers.”

     

     

    I have spent my whole life in awe of that speech. The utter selflessness at the heart of it, the appreciation and acknowledgement of the work and dedication of others, the dismissal of the importance of the individual and the emphasis and focus on the dedication of others around him merely serve to underline why this man has left such an indelible stamp on our club. It speaks of a football club with a sense of direction, where the people at the very heart of it share not only a common vision but realise the necessity of working together with shared values to deliver that vision.

     

     

    We have fallen, fallen a long way from that sacred trust, taken there by men with little concept of what the Ibrox tradition seeks from them, men whose importance of self, of ego, was the very antithesis of everything [The Talented] Mr Struth stood for. It has opened a revolving door of charlatans, of profiteers, with no interest in preserving the shrine other than seeking to exploit the faithful who still come to worship.

     

     

    In these days of anxiety, amidst the clamour of boardroom battles, of money men and PR gurus, of percentage shareholdings and damaging headlines, one group, to the exclusion of all others, has sought to uphold that sacred trust and remain true to the concept of the Ibrox tradition.

     

     

    Disengaged and disempowered from the powers and processes which govern our club, and in the face of considerable, or as some hoped, insurmountable adversity, we have strived and endeavoured to keep the flames of that sacred trust burning. We conquered the insurmountable, breaking attendance records along the way, we laid waste to the false accusations of “glory hunters” at the Gayfields and Station Parks of this world. Borough Briggs and Ochilview had to be postponed as the manifestation of “unstinted support” and “unbroken devotion” descended upon them.

     

     

    Who are these people ? Go look in the mirror you will see them there, staring right back at you – we are the people.

     

     

    We are the people and this is our time. It’s time for those who have proven themselves in the face of adversity to no longer be disempowered or disengaged. We are the rightful sentinels of that sacred trust, do we honestly believe that anyone else could protect it better ? If you do then stop reading now.

     

     

    [Sevco] First, Buy [Sevco] and Vanguard [Huns] all offer a means of achieving that goal via their various fan ownership models.

     

     

    The choices we face are simple but critical nonetheless. Who do we trust most to decide the destiny of our football club, to safeguard all that we cherish and value ? To run the club in a way which upholds the traditions spoken of by [The Talented] Mr Struth all those years ago ? Who would ensure that every single decision which is made, is done so solely in the best interests of [Sevco] ?

     

     

    Or should we continue to fracture as a support, tearing ourselves apart doing the bidding of masters who offer no guarantees, in the hope of some scraps off the table ? Isn’t it about time we either sat at that table ourselves or had a considerable say in who does and the decisions they make concerning our club ?

     

     

    I am under no illusions – it will not be easy. There will be considerable challenges ahead, without doubt considerable adversity as well, but only a fool would bet against a [Sevco] support united in purpose and vision – it’s probably what those who wish ill will against our club fear most.

     

     

    Our club is once again in need of “gallant pioneers”, men and women who will remain true to the concept the Ibrox tradition seeks from them, and the reward is ensuring that sacred trust is preserved for generations yet to come.

     

     

    “No true [Sevcovite] has ever failed in the tradition set him.” ‘

  18. It was Mr white what done it.

     

     

    In the boardroom.

     

     

    With the unpaid tax bill.

     

     

     

    Cludofordeniers csc

  19. Jungle Jim Hot Smoked on

    Friesdorfer

     

     

    How are you travelling to Thursday`d game? I might need a lift,

     

     

    JJ

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