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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  1. Margaret McGill on

    steinreignedsupreme

     

     

    16:12 on 14 April, 2014

     

     

    I’m not angry. Just having fun.

     

    It doesn’t matter how many companies come and go that front the club that plays at Inrox that club will always be Glasgow Rangers the Scottish Hun vanguard. The other half of the old firm. It’s what the SFA want. Their pension plan depends on it maybe Celtic board members too :)

  2. BRTH,

     

     

    Many thanks for your reply this morning. I have just come back in and read back. Glad you’re happy with the discourse. I wasn’t being facetious by the way about my suggestions, as I feel we should receive some answers on record from those people who have spoken and acted, without any comeback, to the severe detriment of my community.

  3. Steinreignedsupreme on

    Margaret McGill 16:25 on 14 April, 2014

     

     

    I agree it is what the SFA, Sevco and the media want.

     

     

    But it doesn’t change the fact they are a different club.

     

     

    Anyone in doubt about Sevco’s standing in Scottish football only needed to watch Saturday’s game with Dundee United.

     

     

    They are nothing more than a tribute act. A complete laughing stock.

     

     

    No amount of lying will change that. (See another example below)

     

     

    HH

     

     

     

    ———————–

     

     

     

     

    Last week The Evening Times published the following comments from Derek Johnstone, when he was asked about his most disappointing day in football:

     

     

    Johnstone said: “Back in the seventies we had a chance to win the league at Celtic Park but we went there and lost 4-2.

     

     

    “We had a couple of players sent-off, they had one sent-off, and Murdo McLeod scored the fourth from about 30 yards.

     

     

    “Had we won, we would have won the league. Even though it was early in my career, that was a huge chance missed and a really bad day.”

     

     

     

    ————–

     

     

    The game took place in May 1979 – Johnstone made his debut in 1971. Celtic won the league with 10 men and no Rangers players were sent-off in that match.

     

     

    But Derek Johnstone said it and the Evening Times published it, so the Flat Earth Society can bring those points up in the future and ignore the facts.

  4. Comment from Hun’s share price website!

     

    __________________________________________________________________________

     

    RFC a toxic brand?

     

     

    shares in 32 Red down 7% so far since word of their sponsorship of Scotland’s newest team.

     

     

    HH

  5. Margaret McGill on

    steinreignedsupreme

     

     

    16:38 on 14 April, 2014

     

     

    Yup. I agree. They’re pish. How long will they stay pish? Paul67 thinks 10 years some say 20. I say the macaroon messiah should buy the land and build a Wal mart. Maybe then he’d get interested

  6. tallybhoy

     

     

    16:40 on 14 April, 2014

     

    Nobody mentioned Kevin Doyle yet as a possible summer target?!

     

     

    HH!!

     

     

    Have thems signed Jardel yet?

     

     

    HH

  7. LiviBhoy - God bless wee Oscar on

    Hrvatski Jim

     

     

    Thanks for the reminder on that one.

     

    I believe there will be a part on Celtic in it.

     

     

    LB

  8. Hrvatski Jim

     

    16:49 on

     

    14 April, 2014

     

    Repost

     

     

    “Walk on” – the story of YNWA. BT Sports at 10.00 tonight.

     

     

     

    I was actually just about to send that post & dedicate it to you.

  9. squire danaher on

    steinreignedsupreme

     

     

    16:38 on 14 April, 2014

     

     

    timmy 7_noted regularly tells of the Flat Earthers – and other relatively sane people but convinced by their protestations – in his place of work who believe that Celtic left the floodlights on during WW2 to help the Nazi bombers.

     

     

    WW2 finished in 1945.

     

     

    Celtic only got floodlights in 1960.

     

     

    I don’t even know why I’m refuting it !

  10. Livibhoy

     

     

    Yeah, too true!

     

    A few of my coupons have been down because of that extra resolve that the teams fighting relegation show!

     

     

    afoolandhismoneyandallthatcsc!

  11. Neustadt-Braw on

    Richard Dawkins @RichardDawkins · vor 2 Std.

     

    “Until they find the missing link …” How many links do you want? H erectus, H habilis, Australopithecus, Ardipithicus, Sahelanthropus …Huntalacallamatus….

     

     

    braw

  12. Now that its gradually being accepted that oldco is in fact really dead in the legal sense then newco is being seen as just a blue shirted franchise.

     

     

    Administrations can come and go now………it means nothing. All King is interested in now is getting as much of his previous 20M back as he can from the franchise.

     

     

    He plays to a pathetic gallery of unreconstructed bigots

     

     

    He is what he is…….a highly accomplished Stock Exchange player/manipulator, snake oil salesman and uber bigot.

     

     

    TRFC/RIFC…….the franchise that keeps on giving LMFAO.

  13. Somebody should ask BFDJ about his rewriting of history the next time he’s on SSB. Hail Hail Hebcelt

  14. YNWA Tonight.

     

     

    Based on the trailer, Celtic will get a good billing. Irrespective of the Celtic connection, it will be interesting to see who else claims it as an anthem.

     

     

    Maybe we should set a challenge to the MSM – how are you going to drag another Glasgow club into this one?

  15. bournesouprecipe

     

    17:15 on

     

    14 April, 2014

     

    If Sevco go into liquidation surely they can’t call themselves Sevco again?

     

    ===============================================================

     

     

    Once is a mistake….twice is stupidity right?

     

     

    We could call them STUPIDCO…….:)

  16. Celtic need us to buy season tickets more than ever.

     

     

    If you can afford it and it is geographically feasible for you to attend the matches then I would urge everyone to purchase a season ticket.

     

     

    TT

  17. !!Bada Bing!! on

    Could also ask BFSDJ how his Testimonial is coming along? Has begged for years,thru several owners for one,without success,shame that….allegedly.

  18. BIG-CUP-WINNERS on

    TinyTim

     

    17:21 on

     

    14 April, 2014

     

    Celtic need us to buy season tickets more than ever.

     

     

    Why the plea mate ?

  19. leftclicktic We are all Neil Lennon on

    Johnny the Tim

     

    STV just put up a bit about Tinfoil heid and his cohorts plan to open a bank account for fans to put money into.

     

     

    1st two questions from fans on his twitter

     

    “will this will only work for fans who pay for their ST in one go”?

     

     

     

     

     

     

     

     

     

     

     

     

    ” What would the terms of security be? If they don’t complete 18 home games”?

     

     

    I dont think they have thought this through:))) plus when are they going to realise that the account is nothing to do with Dave King except to bring board down and allow him to buy for pittance (IMHO)

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