Rangers FC not feasible, an unlikely bampot explains


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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  1. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Philvis & Canamalar



    Is it possible to agree with you both ?



    I think so.



    The subtle difference here being death threats.



    I believe that the MSM the Scottish FA and Strathclyde police along with Scottish referees have all been guilty of using this technique to smear Celtic in the past and it has been proven.



    What happened after Allys I want to know ?



    We are all well aware what happened with the Celebrity death threats and bombs last year



    Due to their desperation and inabilities this is what they resort too. I call it animal instinct.



    So while I agree with your critic Philvis death threats cannot be condoned … Never



    And they cant help themselves.



    The fact that nobody in Scotland ..especially the judicial system are not prepared to punish the action of any hun behaving in this manner leaves us with the old problem Philvis of having to chose.



    I would prefer to see you accurately assasinate with your pen the real culprits rather than those whose methods you disagree with.




  2. WMD



    The thing that p****s me of about young kids not getting vital treatment on the nhs, is the fact that we allow free treatment to people who come here from abroad as they know they will get free treatment at presentation and then bugger off without paying a penny. Now I realise thre are many legitimate tourists who take unwell while on holiday. It happened last year to my sister while in the US, but she still had to provide a means of payment (credit card or insurance details) before she saw a Doctor. Why is that not the same here?



    If we did that we could treat wee guys like Oscar & Vanessa on the NHS

  3. Lennon n Mc....Mjallby on

    Fantastic programme on Jock Stein,transfixed for 2 hours listening to it,through some of it I felt myself getting worked up telling Nevin to shut up but in the context of the shows subject I will offer some humility towards him and his genuine admiration for Jock and work put in to making the programme,Nevin has done himself no favours with the Celtic support in his cup final shame but enough of him suffice to say the programme would have been better using somebody else as the main presenter.



    I grew up hearing my grandparents talk about the McIlvanney’s who were brought up with their parents/family in Kilmarnock,its a long time ago and there was always mention of Townholm and the Labour Club but after listening to Hugh talk on the programme I can see why they were obviously proud to have known him and his family,I could listen to the man talk all day long especially on Jock Stein and paraphrasing “it’s the greatest footballing achievement in the history of the game” on beating Inter,coming from an impeccable source it is testament to Jock’s standing in the game.



    A pleasure listening.

  4. Previous best away in europe records



    2003 – (reading backwards )



    Hungaria 4-0


    Kaunus 4-0


    Boavista 1-0


    Liverpool 2-0

  5. Neil canamalar Lennon hunskelper extrordinaire on



    “They should be highlighting the problem”


    I think this was them highlighting the problem as far as they can, they dont have editorial control have no influence on broadcast\publication.


    The big problem as you know is that the people who have editorial control think like you and have one agenda, destroy all socialisation the does not support corporate exploitation.


    You again IMO clumsily try and drag the argument off on another tangent, apart from leggit are the NUJ renouned for their violent threats to create censorship, the fact that their methods are non violent should be enough even for you to see the dangers, making the NUJ out as equally distasteful is not discouraging violent threats, in fact from your offerings they appear to ‘bring it on themselves’ because they are a union.

  6. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    OK can we now start speculating on who is dishing out the threats of violence and who is recieving them ?






















    any more ?

  7. and before that –






    Rosenborg 3-1


    Internazionale 0-0


    Ujpest Dosza 2-1


    Sliema Wanderers 2-1 (one form the quiz on friday actually)

  8. MWD



    I never said a spiritual being inflicted suffering, I said individual souls at a spiritual level may have adopted that role of their own choice out of love of their fellow souls.



    At a spiritual level the soul is not time bound.



    I have less time for the idea of a mad God than you have and it is this that produced a different meaning from the one that is presented by main stream religion.



    The big what if is what if we are spiritual beings taking a corporeal form rather than human beings with a dash of spirit?



    The argument only works at a spiritual level because there is no suffering there. Make it human and the suffering exists and I have seen a bit too much recently

  9. Awe_Naw_No_Annoni_Oan_Anaw_Noo on




















    Is Darryl Broadfoot still a member of the NUJ ?



    Hail HAil

  10. Neil Lennons Celtic team are on a European unbeaten run of 7 games.



    This is the 3rd best in the clubs history –



    * Eight games during 1964 and 1966.



    * Ten games 1971 to 1972.

  11. Neil canamalar Lennon hunskelper extrordinaire on



    I reckon there are more sinister thing happening, I wouldn’t be surprised if hacks famous for leaking information to their friends in paramilitary organisations are giving out personal details of reporters such as phone numbers and addresses. While the legal system ignores.

  12. Awe_Naw_No_Annoni_Oan_Anaw_Noo on




    Oh yeah for sure



    If you print this … then we are going to tell your wife a pack of lies etc.



    We know what school uni your son goes to etc ?



    And not just the print media.



    The broadcast media too



    Hail Hail

  13. Awe_Naw_No_Annoni_Oan_Anaw_Noo on




    The amount of information they are sitting on due to the phone hacking scandal and what they can make up using it as a background to bolster any threats is how they are currently operating.



    HAil Hail

  14. philvisreturns on

    Awe_Naw_No_Annoni_Oan_Anaw_Noo – Yup.



    Anybody who issues death threats, be it online, in a letter, or through the medium of interpretative dance, is committing a crime and should face criminal prosecution.



    In my view death threats are too serious to use as an excuse for The Young Ones style political posturing and railing against internet bampots. The NUJ obviously thinks differently. (thumbsup)



    canamalar @ 1522 – Sorry but I can’t trace a thread of argument in that one. Something about journalists being poor, powerless people who don’t have any influence? (thumbsup)

  15. Awe_Naw_No_Annoni_Oan_Anaw_Noo on



    15:37 on


    10 October, 2012



    should Phil yes they should but they dont . You and me both know that.



    For as long as they do not then any kind of posturing no matter how pathetic should be supported by me and you.



    Again we completely disagree :-)



    Hail Hail

  16. I'm Neil Lennon (tamrabam) on

    I seem to recall some bloggers and perhaps even Alex Thompson hinting last week that there could be some news relating to court action involving Craigy Bhoy Whyte


    It seems to have died a death, hopefully not a scurrilous rumour – surely not

  17. Neil Canamalar at 15.22


    Mate, if you want us to read – never mind understand – your arguments, please put in the odd bit of punctuation.

  18. Awe_Naw_No_Annoni_Oan_Anaw_Noo on




    I would imagine that the SFO will be able to influence the timing of any possible prosecutions.



    As Craig Whyte is just a small fish in this entire rouse I would not be surprised if imminent court decisions and declarations are pulled and stifled to prevent any bigger fish seeing the picture more fully and wriggling away.



    Especially if he is brought in to talk and he does in fact start doing so ????



    Hail HAil

  19. Neil canamalar Lennon hunskelper extrordinaire on



    mumble mumble something something :o)


    it sounded right in ma heed



    This is the NUJ publicising as much as they can, through blogs.


    Remind me where else you have read\heard this story.


    Your response is to attack them, as expected.


    Skip the issue and carry on with your anti union agenda.


    No condemnation about why its not reported more,


    just union bashing.

  20. philvisreturns on

    Awe_Naw_No_Annoni_Oan_Anaw_Noo – For as long as they do not then any kind of posturing no matter how pathetic should be supported by me and you.



    I disagree with that reasoning. The NUJ is behaving like a doctor hoping to chop off your hand in order to cure a hangnail. And your favourite hand, at that.



    For people who are supposed to make their living by bringing us the truth (ho ho ho), their reading of events in this case is dangerously deluded and their proposed solutions disconcertingly illiberal. I believe in a free press and freedom of speech and that people who commit crimes such as threatening journalists should be prosecuted. I wish the NUJ agreed with me.



    Again we completely disagree :-)



    You’re determined to be the snake to my mongoose.



    Or the mongoose to my snake?



    Either way it’s bad.



    I don’t know animals. (thumbsup)

  21. The run of 8 games without defeat, the 2nd best in Celtics history



    Dec 64 to Apr 66.



    Celtic 0 Barcelona 0 – icfc (McGrory)


    Go Ahead 0 Celtic 6 – ECWC


    Celtic 1 Go Ahead 0 – ECWC


    Arhaus 0 Celtic 1 – ECWC


    Celtic 2 Arhaus 0 – ECWC


    Celtic 3 Kiev 0 – ECWC


    Kiev 1 Celtic 1 – ECWC


    Celtic 1 Liverpool 0 – ECWC

  22. miki67 14:57 on 10 October, 2012



    I took the chance to visit the velodrome and aports arena after the game on Sunday – a wonderful sight to behold – particularly in what was previously a derelict area.



    Contrast how we have just been quietly getting on with it compared to the constant bombast from the south siders. The comparative improvement in the areas surrounding our stadia reflect the current differences in teams, management and supporting organisations.




  23. Shady Re The Emirates Arena


    Did you happen to notice if any Celtic supporters were using the arena’s car park?


    I believe that a deal was done so were able to do so.




  24. Philbhoy – It’s just the beginning!




    15:06 on 10 October, 2012





    Lottery money could make a huge difference to the health and wellbeing of young kids like Oscar.



    I read the other day that fines imposed by the Financial Services Authority on financial institutions like the banks, were to be spent on aftercare for the armed forces.



    Why not spend some on our sick kids too?



    There is loads of money out there that could be used to help.



    We just need the people in power to be human beings.



    Not zombies










    i have a problem with the poor tax being used to prop up the NHS but i take your point.



    The Help for Heroes campaign has been so aggressive in it’s marketing and funding that it is having a detrimental affect on all other charities. I would think that most on here would not contribute but you only have to look at X- factor regularly supporting among others to see their dominance. They adopt a George Bush outlook of “if you’re notw ith us you’re against us” and there is no doubt they are succeeding. Hence the fsa moines you mention.



    I dare say given your avowed political stance you would applaud their strategy if not the direction of the funds.



    I would agree that there is far better directions that the monies could be spent.

  25. Neil canamalar Lennon hunskelper extrordinaire on



    “For people who are supposed to make their living by bringing us the truth (ho ho ho), their reading of events in this case is dangerously deluded and their proposed solutions disconcertingly illiberal. I believe in a free press and freedom of speech and that people who commit crimes such as threatening journalists should be prosecuted. I wish the NUJ agreed with me”



    Complete drivel, journalists can only bring us the truth if editorial control wants the truth reported, RFCIA a point in hand.


    Neither do you believe in a free press, you believe in a corporate controlled press, free to spread misinformation and propaganda.

  26. The Battered Bunnet on

    Awe Naw



    Just been sent a list of folk who have viewed my Linked In profile recently. You starting to commercialise HobbytonyV2.02?



    Great work :¬)

  27. Awe_Naw_No_Annoni_Oan_Anaw_Noo on




    Deluded ???



    Bomb Threats … Death Threats .. Not proven verdicts and incredible leniency. Hence the police not doing its job and deliberately so … maybe Mr Shorthouse can fill us in here



    I think your judgement is accurate but giving the tenuous circumstances and background that you dismiss quicker than Jim Traynor I personally cant.



    You forgot to tell me about the loaded gun held at the head of the doctor who is cutting my good foot off.



    Hail HAil

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