Forbes Magazine’s article on the demise of Rangers and prospects for its successor club are notable only as they do not emanate from the Celtic online community. Jon Pritchett, an advisor to one-time preferred bidder, Bill Miller, explains why he believes a commercial turnaround of “Rangers FC” isn’t feasible. This assessment was based on season ticket revenue for the new club being 20% less than what the old club earned last season, an ambition that is far from being achieved.
Forbes article brought protest from Sevconian chairman, Malcolm Murray, who retorted that all sorts of positive developments have happened to the project since Pritchett made his assessment in May, including “significant investment in the club from the individuals and organisations”, although he didn’t name investors or provide specific details.
There is something familiar about this process. Harbingers of doom are rubbished by a club who insist they are in perfect financial health.
Murray claims his club have sold 36,000 season tickets, the adult price of which is £268, inc vat, or a total of £8.04m ex vat. He also has money from Sports Division and consortium members, at least some of which will have gone towards paying Rangers administrators’ for the club’s assets, but he makes no secret of the fact that his new company needs to raise money through a share issue, which he hopes will “generate many millions in additional revenue”.
Bill Miller, like Blue Knight bidder Paul Murray, could not see how a Newco would be viable without access to European, never mind SPL, income. The most interesting aspect of the prospectus Newco hope to publish will be the cash shortfall, not only for this season, but for each of the three subsequent years they will be ineligible for European football.
The prospectus will also have to detail how this gap will be bridged, and will have to recognise the impact of potential financial and sporting penalties from the SPL Commission looking into improper registration of players at Rangers, whose SFA membership the new club acquired. These are the huge questions Newco has to address before it asks investors for cash, the stripping of titles is merely window dressing.
Malcolm Murray is correct, a lot of water has passed under the bridge in the five months since Jon Pritchett looked at the books, but a lot of that water is choppy.
The new issue of CQN Magazine is out today, 80 pages of fantastic Celtic content. Click here to read for free online, or strain your eyes squinting below.
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Mickybhoy1888
Sounds like we could do with you on the park …but you dont sit so far away from my wee Brar. Maybe xmas we can meet up for a pint and I can apologise for the abuse I have sent yer,way.
My software is good. Its the data thats not right ;-)
HH
!!Bada Bing!!
21:33 on
10 October, 2012
leftclicktic-A Leader in Football,Doncaster?? You couldn’t make that up.
GOVERNANCE no less :)))
AWE NAW
10. Why did SEVCO pay £140k of creditors money to public relations companies since Feb (any idea Jack)
Or…………
Haw Bommur, why the red face?
!!Bada Bing!!
21:36 on
10 October, 2012
dirtymac-Jack Irvine of Media House fame is allegedly on the EBT list.
+++++
Wouldn’t be surprised.
Why did the admonistrators not make a single person redundant.
THE EXILED TIM
21:46 on
10 October, 2012
Why did the admonistrators not make a single person redundant.
+++++
I think they made McCoist redundant.
He was already, you say?
Bankiebhoy1
Yes M’lud 2321 questions yet unanswered and if the case against the peepul may ask one final question your honour
Why is John Browns Coupoun awe red upon its face
yet Campbell goes marching on ?
HH
AWE NAW
im a chancer
11.
How much money did CFC lose out on (not just CL)if proved certain individuals new DEADCLUB players were improperly registered when granting DEADclub a European licence.
Good night all, God bless and comfort the Knox family at this time. HAIL HAIL
Philbhoy – It’s just the beginning!
19:56 on
10 October, 2012
I know, but his name never comes up when we talk of Celtic all time greats.
He is one of the few footballers I have ever seen to literally win a game on his own.
Roy Keane and Maradona did this regularly.
new = knew
When will the asbestos problem within ibrokes become public knowledge?
Come on guys cut out the humour I have to collate this stuff. I am serious about this. I can see it becoming a monster listing.
And may bomber brown stuff …. Too surreal for me at the moment
HH
12. When will the Super Casino open?
dirtymac
RANGERS want to turn Edmiston House, the building behind the Copland Stand, into a money making casino with a five star restaurant and cocktail bar.
According to Leggo………….
Awe Naw,
a conundrum right enough but the day of reckoning is at hand…………..
…………..and I reckon the brown brogue rogue knows it.
tic tock.
When will the media report on the disgusting behaviour of zombie2 fans in Stirling City Centre on Saturday night.?
Awe Naw
Has the SPL runner up prize money from last season been placed in trust, to be awarded to the Ibrox creditors?
Teuchter ár lá
Emerald bee thanks for the website plug.
Much appreciated.
Brian.
Awe naw
Aye any time you will find me in lounge 1 at half time talking away to wee cathy one of of the less well paid on Celtics books just now even though she puts in more hours than the first team squad combined
She has more football knowledge than some of those who can’t half talk some urine
Invercelt
21:29 on 10 October, 2012
”but some balance would be appropriate – look how ready the BBC was to castigate paedophilia in the Church, but not in its own ranks.”
That’s just an utterly ridiculous thing to say.
TET – seriously?
hahahahahahaha, the man’s more deluded than, erm, who’s very deluded?
Aye, the man’s more deluded than David Murray.
Anyone else secretly hoping that Dave Lee Travis is one of the Radio 1 DJs suspected of helping a certain Mr. Saville to do as he pleased?
LondonCalling, 22:16
Not me. I’m hoping it was the prissy slimebag that is Mike Read.
Aye, it’s fridays blog from him, he takes delusion to unknown levels…..
Friday, 5 October 2012
NEW CASINO PLAN FOR IBROX
RANGERS want to turn Edmiston House, the building behind the Copland Stand, into a money making casino with a five star restaurant and cocktail bar.
And the club expect former owner David Murray, who owns the near derelict building, to hand it over to Rangers for a token payment.
Maybe he could use the pound coin that ace conman and trickster Craig Whyte gave him for ownership of Rangers in May 2011. A deal which plunged Rangers into crisis, saw them put into administration and docked ten points, followed by liquidation and exile from European football, the Scottish Premier League and demotion to the Third Division.
So Rangers supporters must hope any new deal involving David Murray and a quid works out a bit better than the last one.
Though it is hard to see how the sale back to Rangers of Edmiston House could cause any more damage to the club than Murray’ sale, under pressure from Lloyds Bank, of Rangers to huckster Whyte has done.
Rangers have already admitted that there have been talks between the club’s chief executive and former chairman David Murray, during which one of the subjects discussed was the sale of Edmiston House, most recently used as a call centre for one of Murray’s companies, back to Rangers.
The building began life as the Rangers Social Club.
Now I can exclusively reveal just what lay behind the determination ofthe new Rangers owners to get Edmiston House back from Murray.
For the new Rangers regime want to turn into a money making casino.
The new scheme is a downscaled version of David Murray’s oft touted grandiose, but never off the drawing board blueprint for a casino and five start hotel as part of a new Ibrox village complex.
If Murray and Rangers agree to the deal then get set for an announcement from the club of their plans to gamble on making money out of a casino by attracting the high rollers there, despite the less than salubrious surroundings.
AND….
WE have all heard the old one about looking at the world through rose-tinted glasses.
While we also all know that Brian Patrick McNally of the Daily Record and Sunday Mail’s sister paper, the Sunday Mirror, believes Scottish football scribes look through blue-tinted ones.
So what kind of specs does Brian Patrick McNally peer through and squint at the world in his own biased way?
Well, thanks to an old English colleague who made a rare visit to Sunderland recently, I can now reveal that Brian Patrick McNally wears green and white glasses.
Pip Pip!
LondonCalling
I think posting something about child abuse in the hope of getting a laugh is one of the most disgraceful things I’ve ever read on here.
SPF
67heaven
What were they up to?
Same goes for the post by O.G Rafferty right after it.
SPF
LondonCalling
22:16 on 10 October, 2012
‘Anyone else secretly hoping that Dave Lee Travis is one of the Radio 1 DJs suspected of helping a certain Mr. Saville to do as he pleased?’
###
Not really.
Noel Edmunds would be better.
Though this suggest Ed Stewpot Stewart has got to be in the running.
http://soreeyes.org/archive/2005/06/05/stewpot/
pmsl, he can ‘now’ reveal that Brian Patrick McNally wears green and white glasses.
No brown-stuff Sherlock, Brian’s allegiances have been known to all and sundry for any number of years.
LondonCalling
22:16 on
10 October, 2012
Anyone else secretly hoping that Dave Lee Travis is one of the Radio 1 DJs suspected of helping a certain Mr. Saville to do as he pleased?
+++++
I’m secretly, but not holding out much hope, that it’s a load of b*ll*x, tbh. The thought that vast numbers of kids have been abused by a much lauded personality (or by anyone) is abhorrent.
londoncalling
22:16 on
10 October, 2012
Sorry if this seems po faced, but I hope no more perpetrators are uncovered, that would mean fewer victims, that has to be good.
‘Hoping’ that someone was involved in child abuse????
Deary me…..
Asonofdan @ 20:49
What will it mean for each separate countries champions league representation if what you say is correct and a singular Balkan League is formed
Oscars appeal fund latest.
http://www.justgiving.com/teams/weeoscar
Ach well time for the ironing or knitting
Hamiltontim
22:27 on 10 October, 2012
1. ‘‘Hoping’ that someone was involved in child abuse????’
#####
2. ‘Anyone else secretly hoping that Dave Lee Travis is one of the Radio 1 DJs suspected of helping a certain Mr. Saville to do as he pleased?’
#####
I’m not the brightest but even I can see that 1 is neither an accurate nor a fair representation of 2.
13. Knit or purl?
dirtymac
Since the blog is quiet, here is his rant from today.
Paranoia, and we thought we were paranoid :>)))))
Still deluded as well……
Wednesday, 10 October 2012
RANGERS CAN SMASH THE DONCASTER-LAWWELL-RILEY SPL
RANGERS will never have a better chance to destroy the whole already crumbling edifice of the Neil Doncaster-Peter Lawwell-Eric Riley Scottish Premier League.
And then the club can turn its attention to the Stewart Regan-Peter Lawwell-Rod Petrie Scottish Football Association edifice, built at is it, on shifting sands.
But it is the Scottish Premier League which should be the prime target for Rangers right now.
And I believe the Ibrox club has it in its power to start a stampede which could see what many believe are Neil Doncaster, Peter Lawwell and Eric Riley’s plans to dominate Scottish football by launching a takeover of the Scottish Football Association, plus the destruction of the Scottish Football League, trampled underfoot.
Rangers might be skint and under a regime which still has to prove itself to the vast majority of its supporters, despite the bullish statements from its chief executive.
But as members of the gentlemanly and completely incorruptible Scottish Football League, Rangers have a powerbase. They should use it, lest they lose it.
For a start, the Scottish Football League clubs stood up to the Stewart Regan-Peter Lawwell-Rod Petrie SFA and the Neil Doncaster-Peter Lawwell-Eric Riley SPL and their combined efforts to bully them into parachuting Rangers into the First Division in order to save the SPL’s financial bacon.
Add to that, the fact the entirely honourable, decent and honest David Longmuir, the chief executive of the Scottish Football League, has already stood up before the Witchfinder Generals of the SFA and SPL and spoken out in defence of Rangers.
Then add the financial, sponsorship , publicity and television benefits the Scottish Football League’s members in the Third Division are already being made aware of as coming from having Rangers, the biggest club in Scotland, in their midst.
And what do you get?
A Scottish Football League whose member clubs would be willing to listen to any plan Rangers may want to propose and talk about with those clubs, as to the long term reorganisation of league football in Scotland under the control of David Longmuir and the other honourable and decent honest men in the Scottish Football League.
That’s what you get.
While, in the SPL, Kilmarnock have already shown they had no appetite to join in the witch hunt against Rangers. They refused to vote to exile them from the top flight.
While Rangers have already made conciliatory noises in the direction of one club, Motherwell, who those inside Ibrox believe only reluctantly bowed to the bigoted pressure of some of their loudmouth fans and voted against Rangers.
My information is that there are other SPL clubs who feel the same and who are looking for a way to repair their relationship with Rangers. Inverness Caley Thistle, perhaps.
While Ross County, I believe, are in a similar situation, along with St Johnstone, taking the total number of clubs currently in the Scottish Premier League who do not want any long standing rift with Rangers, to five
If Rangers can convince the Scottish Football League that whatever happens regarding promotion over the next few years, they will not accept a place in the Neil Doncaster, Peter Lawwell and Eric Riley’s Scottish Premier League, then all will be there to play for.
With an opportunity to invite those five current SPL clubs to leave the Neil Doncaster-Peter Lawwell-Eric Riley controlled SPL and join the place where Rangers will have promised to remain, the Scottish Football League.
And where would that leave Peter Lawwell and Eric Riley’s Celtic? Where would it leave Stephen Thompson’s Dundee United? Where would it leave Hibernian’s Rod Petrie? And where would it leave that other arch-anti Rangers man, Aberdeen’s Duncan Fraser?
I’ll tell you where!
Begging Rangers to pave the way to some sort of peace pact with the Scottish Football League, in order that they would have a proper league competition in which to compete.
Rangers have it in their power right now to form alliances, forge friendships and finalise a blueprint which will be attractive to their fellow Scottish Football League clubs and help take power away from the Neil Doncaster, Peter Lawwell, Eric Riley, Celtic and their allies who dominate the Scottish Premier League.
Whether or not those inside Ibrox are up for such a fight, whether or not they have the gumption and the foresight for it, will tell Rangers supporters all they need to know about the current Rangers regime.