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    Comment on Bad Money? by StevieBC.

    eJ, just for absolute clarity…

     

    With this latest confirmation of share ownership, the only external debts for RIFC/TRFC would now be ;

     

    • Close Asset Mgmt. [£7M ?]
    • Trade creditors [suppliers waiting longer to get paid]
    • Big Mike [final bill tbc]

     

    With potentially other creditors to be crystallized indecision in the name of Hummel, Elite? 

    StevieBC Also Commented

    Bad Money?
    Allegedly…King visited the English FA offices today.

     

    When nobody was looking he nobbled the windows…

     

    so the transfer window simply couldn't close later today…

     

    and the SMSM would have even more time to copy/paste additional, BS, fictitious bids from assorted English clubs.

     

    Well, TRFC could be looking for a MASSIVE, furry squirrel to distract the bears tomorrow morning…

    indecision


    Bad Money?
    As we are subjected to all sorts of misreporting on all things 'Rangers' in the SMSM – and the league has only just kicked off…

     

    I have placed a few wee bets on a Danish team doing me a favour tonight.

    For purely schadenfreude reasons I will watch TRFC play in their EL tie.

     

    …because I think there is a real possibility that the 'Rangers' season will be effectively over by 9pm tonight.

     

    [And I absolutely agree that – in a perfect world – I should be cheering on any and every Scottish team in Europe.  I normally do, but since 2012 I want these particular cheats to lose every single game.]

     

    Fingers & toes crossed!


    Bad Money?
    A bit more 'meat' on the Morelos' bid indecision  in The DR;

     

    "West Brom's Alfredo Morelos transfer bid booted out as Rangers hold firm after 11th hour approach

    The Ibrox side have turfed out a bid from the English Championship side who have until Thursday at 5.00pm to sign players.

    By Scott Burns 23:45, 7 AUG 2019

    Rangers have knocked back a £10million plus approach from West Bromwich Albion for Alfredo Morelos.

    Midlands sources close to West Bromwich Albion have confirmed

    but it wasn’t enough to coax Rangers to the table.

    …"

    ======

     

    And for such a high profile Ibrox story, why did Jingle Jackson not get an "EXCLUSIVE"?

     

    …and it was conveniently released just before midnight, so less than 1 full day of public ridicule for the DR to endure for this PR p!sh story – until the transfer window slams shut tonight.

     

    Shirley, the bears must be laughing at these 'reports' as well?


    Recent Comments by StevieBC

    In Whose Interests
    In the interests of accuracy / pedantry…

     

    I couldn't edit my post above in time, but;

    the 'c.£37M SFA revenue in recent years', is the rounded, average annual total over the 3 years to 31/12/18.


    In Whose Interests
    I was trying to access the SFA financial accounts to do a bit of analysis.  Was too tight to pay for access online, but got some key highlighlights off Duedil.

     

    I simply couldn't find the published accounts anywhere on the SFA site for The Scottish Football Association Ltd. indecision

     

    However, the SFA does provide a very limited view on their financials in their "Annual Review" segment of their website.

    This Review is almost exclusively focused on footballing performance rather financial.

    Anyway, point is that perhaps this latest 'grassroots review' is simply a convenient time to announce some high profile cost cutting at the SFA?

     

    The SFA accounts show that total revenue is relatively flat in recent years at c.£37M, whilst making a c.[£0.5M] loss in the last financial year to 31/12/18.

     

    [Interestingly, the accounts were submitted to Companies House in June – around the time that Petrie was publicly confirmed as the new President. Lots on the SFA website about his appointment but nothing about financial loss.]

     

    In the SFA's "Annual Review" for 2018, there are a couple of graphics covering financials for the year to 31/12/18.

    For expenditure there is a % breakdown – but no actuals.

    But a large slice of the – literally – Pie Chart displayed…

    is 24% of SFA expenditure for "Staff Costs".

     

    Which equates to a ball park of c.£9M of c.£37M income being spent on salaries, pension costs, etc.

    [And of course, these staff costs wouldn't include travel costs, hotel costs, per diem, etc. for any free-loading blazers attending e.g. away fixtures around the world.]

     

    Also, the staff headcount actually INCREASED at Hampden last year – slightly – to a total of 196 people.

     

    Now, with supposedly only 32K attending Hampden for the Russia game and only 20K for the Belgium game, the SFA must be expecting historically low numbers for their next home games.

     

    They can't put all their eggs in one basket and pray that Clarke – somehow – achieves qualification via the Play Offs in March.

    They have to start cost cutting, IMO.

    In fact, they probably should have started cost cutting long before now anyway.

     

    Mibbees the SMSM could find the CEO Maxwell, an ask him;

     

    – is the SFA expected to make a bigger loss this year?

    – has the SFA taken on even more staff this year?

    – what is the SFA doing to manage overhead costs, when total income is flat or declining ?

    – could some of the 24% of expenditure on 'Staff Costs' be better used for grass roots level development?

    etc.

    [I am pretty sure there will be a few other pertinent questions to be easily gleaned from the accounts lodged at Companies House.]

     


    In Whose Interests
    A Comment lifted from a Guardian article on Scotland's demise in international football;

    "ChrisGordon

    Apparently there is a dodgy scam E Mail doing the rounds at the moment.

    It promises two free tickets for Scotland's next home game.

    Don't open it.

    It contains two free tickets for Scotland's next home game."

    =====

    indecision


    In Whose Interests
    BP your blog is spot on: I think even the most generous of the long suffering Tartan Army members would acknowledge that material change for the better is just not going to happen under the SFA.

     

    We know that whatever the SFA grass roots strategy is/was – it's not really been working for 20, 30, ? years.  We can see the evidence on our own club pitches – and subsequently in the national team.

     

    But whether it's grass roots, or club level, or national level or refereeing, or administration, or communication, leadership, or Customer Service… etc.

    …the SFA has proven beyond all reasonable doubt that as an organisation, it simply doesn't have the answers.

     

    Tinkering here and there is pointless: a totally new, professionally run and independent governing body is long overdue.  To state the bleedin' obvious.

     

    But, the clubs won't effect radical change at Hampden until they feel the financial pain, and/or the SFA is facing a financial crisis.

    Further, paltry crowds at Hampden might help…


    In Whose Interests
    JC / eJ, as our 'SFM legal eagles', with your extensive knowledge of the legal proceedings around the RFC/TRFC saga…

     

    There is, IMO, a rather explosive blog today on the JJ site.

    I don't know if this content has been discussed before, but…

     

    would either of you be able to corroborate this content – or even, what is your opinion on the content?

     

    It just doesn't read true because it is SO damming of the Scottish criminal legal system and the Police, and on multiple levels.