Prism of failure gives King chance to bring Newco down

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After the failure to launch season ticket renewals at Ibrox in the wake of the Ramsdens Cup final last week, by Friday morning marketing staff, PR people, web designers and printers would all have been primed to press the button this morning, after the anticipated humbling of Dundee United in the Scottish Cup semi-final.

Things started to go wrong later Friday, when Dave King popped up with an intervention.  King, who was a director of Original Rangers in the years up to and including their liquidation, appears intent on sending the Newco Rangers to an equally liquidated state.  Should we erect a statue to this guy?

For those of you in doubt, his latest questions to Newco Rangers board are priceless:

“Does the board agree it is unfair to ask fans to buy season tickets before they consider the business review?”

No club in the country is asked to submit business plans to supporters before asking them to renew season tickets.  What’s more, there is an assumption by King that spending plans should be expansive, exactly as they were at Original Rangers, when King & co presided over the club’s failure.

Newco’s (even newer) management should be allowed to match expenditure with income.  This is the message that fans should be asked to back, the days of empire are over.  Anyone who tries to undermine a breakeven strategy at Newco is practically ensuring another failure.

“Does the board agree that, given the present financial position of the club, it is appropriate to provide Ibrox Park and Murray Park as security against season ticket advances?”

This is an interesting one.  King suggests Newco offers Ibrox up as security (Murray Park is largely irrelevant).  If they are boxed into a corner and concede this one, those in a position to utilise that security, which in Dave King’s plan would be Dave King, would have an incentive to see Newco liquidated.

“Does the board agree that in the latter half of December 2013 it was in discussions to obtain finance that would be needed prior to the end of the current season?

“Does the board agree that in the latter half of December 2013 it provided public assurances to the fans that the club had sufficient cash to last until the end of the current season?”

King has been there before and will know more than most how financial forecasting works; there is a clue in the name, it’s forecasting.  If a company seeks contingency borrowing for less than 5% of its expenditure (or 2 weeks costs), earlier projections could not have been that far off.

None of this matters right now.  Newco’s manager failed to win two hugely important games and that is the prism through which fans will evaluate the performance of their club.  King could accuse them of being responsible for his own role in Original Rangers liquidation and some would believe him.

Season ticket sales are the most fundamental aspect to the health and wellbeing of every Scottish football club.  This is true even at Celtic, with or without Champions League revenue.  Ticket sales will have a greater impact on Celtic’s season ahead than Champions League qualification.

Right now some hedge funds and the Easdales own Ibrox.  Ideas of bully them into submission will fail, although it will be enormously entertaining.  Go for it, Dave, we’re 100% behind you.

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680 Comments

  1. squire danaher on

    Zimmerman

     

     

    Confidently predict we only get mentioned in terms of Hillsborough aftermath

  2. WeefratheTim

     

    22:29 on

     

    14 April, 2014

     

    Braw

     

     

    And much appreciated. Incidentally, another ewe is ready to go. Could be a late night. :-((( :-)))

     

     

    Weefra supporting and praying for Wee Oscar.

     

    ……………………

     

    grand ……late nights can be braw …..:))))

  3. Braw

     

     

    Just a pity we cannie take a wee braw brew up wi us. Hehe

     

     

    Weefra HH supporting and praying for Wee Oscar.

  4. BT- now saying we started singing YNWA against Leeds in 1970…..

     

     

     

    ….although previously stating we sang it along with Liverpool fans when we played them 1966 in Europe.

     

     

    As suspected BT showing heavy bias with Pool and Celtic is just an aside or footnote.

     

     

    Disappointedcsc

  5. leftclicktic We are all Neil Lennon on

    Barcabhoy

     

     

     

    21:34 on 14 April, 2014

     

     

     

    But Its grand to be looking in on their stupidity,

     

    The logistics of their ST scheme (IMHO) are a nightmare for even highly qualified people in that field but to Tinfoil heid ,Houston, Dingwall lets just say I think this will turn messy :))))

     

    Awe Naw

     

    You dont say as much these days sir but I find I cannot disagree with a word you say:))

     

     

    Stay well.

     

     

    I feel another James Forrest (Fields of green) article )coming on about the seasons ticket omnishambles.

  6. Just saw Anton Rogan walking onto the park at the Hillsborough charity match… Guess the prog was always heading to this conclusion re: the tragedy.

     

     

    Still very sad & proud at same time.

  7. leftclicktic

     

     

    How are you this fine evening. Well I hope. Was chatting to our mutual friend today, very enlightening as usual. :-)))

     

     

    Weefra HH supporting and praying for Wee Oscar.

  8. it is a braw big song ,YNWA……….

     

    .certainly big enough for 2 clubs ….and those who are in pain will always find relief their …..

     

    a braw song…………..

  9. leftclicktic

     

     

    Meant to add, thanks for your concern last week, Boaby told me. :-))))

     

     

    Weefra HH supporting and praying for Wee Oscar.

  10. Final word from me…. Program credits…

     

     

    Dedicated to the 96 and Joe McBride.

     

     

    YNWA

  11. Bhoylo83

     

     

    Just said that to my wife I really detested the character but perversely enjoyed the scenes in which he appeared, testament to the young lads acting ability.

  12. Our involvement in the immediate aftermath of Hillsborough was done ‘just right’ IMHO.

     

     

    I’ve never been able to listen to that song without a tear in my eye.

     

     

    Night Timdom.

     

     

    HH jamesgang

  13. squire danaher on

    Re YNWA documentary

     

     

    Some clown on camera saying we never sang it until Leeds 1970

     

     

    Earlier on we have various faces saying we sang it at Liverpool 1966 CWC SF

     

     

    Disappointing programme as expected

  14. Braw

     

     

    I read on Peter Schmiechaels (sp) twitter last week, that when he is hosting a Liverpool game at home, he uses the Celtic version of YNWA as the intro to his prog. Says it’s best he’s ever heard. Cannie disagree wi that. :-)))

     

     

    Weefra HH supporting and praying for Wee Oscar.

  15. jude2005 is neil lennon \o/

     

     

    22:52 on 14 April, 2014

     

    martybhoy

     

     

    What ch is it on? H H

     

     

     

    It’s on sky 1 but you need to watch from the very 1st series it is now series 4, but honestly worth the effort. I believe you can still get the 1st 3 series on box sets through on demand

  16. leftclicktic We are all Neil Lennon on

    WeefratheTim

     

    Thank you sir i’m grand. hope you and the boss :)) are well

     

    Will you make it to the hootenanny for an hour :))

     

     

    Our friend underestimates the lift his wee calls give, but dont be telling him :)))dont want him getting all uppity :))

     

     

    Good night all

  17. Leftclicktic

     

     

    Talk tomorrow, and, aye yer right. Hehe :-)))

     

     

    Weefra HH supporting and praying for Wee Oscar.

  18. Sipsini, According to someone the meeting had taken place, they were chased, asking for a pay off to, ehmm, walk away.

     

    According to a tweet, maybe a post can’t remember where I saw it.

  19. @Pmacgiollabhain · vor 2 Min.

     

    I am hearing that today Super Ally’s representatives approached Sevco for a “Do Walking Away” deal.

     

    However,they left empty handed…

     

     

    FAO Sipsini

  20. YNWA

     

     

    The truth about when we began to sing it is as follows as I was there

     

     

    Celtic played Pool in the Cup Winners Cup Semi in 65/66 I think. We won first leg 1-0 but lost the return 2-0. We were robbed BTW as Bobby Lennox scored a goal that was wrongly ruled offside

     

     

    Before second leg tanoid played YNWA and we joined with Pool in singing it. They had been playing it before matches for a wee while before that and fans embraced it

     

     

    After that match Jock instructed that we too play that song before matches

     

     

    We didn’t sing it first,not that it is a competition, but that diddly on BT Sport said 1970 which is just nonsense

     

     

    How do I know this ? I was at both legs with Liverpool and Jock’s son George was my team mate at Celtic boys club

     

     

    YNWA

  21. jude2005 is Neil Lennon \o/ on

    martybhoy

     

     

    Im a Virgin man if u get my drift!! DRATTT

     

     

     

    Ta for the info anyway!!

  22. 67Heaven ... I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors on

    Is it outwith the reams of possibility that mr ming simply wants to recoup his £20m, having been duped by murray into investing it in a lame duck in the first place…..??

  23. 67Heaven ... I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors on

    From oor Phil….

     

     

    Has Sevco sent legal letters to Dave King and Richard Gough?

     

    11 Replies

     

    Tonight I sent the following questions to the press office of The Rangers Football Club.

     

     

    “I am a journalist working on a story about your company/club and here are my questions:

     

     

    “Is it true that your company/club has had missives sent to Mr David Cunningham King and Mr Richard Gough?

     

     

    “Is it true that these letters were drawn up by your lawyers?

     

     

    “Is it also true that the terms of these letters focused on matters apropos the main income stream of the company/club?”

     

     

    I am awaiting a reply and I will publish it here when I receive it.

  24. jude2005 is Neil Lennon \o/ on

    Keevins accused a caller of being sectarian tonight because he mentioned brown brogues.

     

     

    Emdae enlighten me??

  25. leftclicktic We are all Neil Lennon on

    Those organising are only doing Kngs dirty work for hm he is putting HEE HAW MARJORIE DAW into the account.

     

     

    Good night all

     

    Roll on Sat & the Hoops

  26. There’s another fallasy bout the Jungle. Most of the “choir” were actually in the Celtic end prior to the Jungle getting New Cover. The Jungle would only belt out “Hail Hail” to the jeers of the Celtic end. Once the Jungle had a new Cover then the “choir” migrated there

     

     

    Suppose you would have to be around 60, like me, to know this stuff, but it’s the truth

     

     

    But, nobody sings YNWA like a Tim

     

     

    I thank you

  27. ernie lynch said:

     

    Maybe if the footballing authorities, and other clubs, were unequivocal and forthright in staing that liquidation results in the death of a club and the loss of its history, then Sevco and its followers wouldn’t be so cavalier about repeating the process.

     

     

    Ernie –

     

     

    You could look at it another way.

     

     

    If they accept that they are now a new club and have already lost their history, what is to stop them taking the view that they therefore have nothing to lose by repeating the exercise?