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    Comment on In Whose Interests by wottpi.

    Allyjambo 12th November 2019 at 09:48

    T'was ever thus.

    A few folk stick their head above the parapet from time to time but there is clearly a significant number within the site readership who cannot handle any criticism directed towards the club from the East End.

    Despite their great dislike for the club from Ibrox and those in the corridors of power at Hampden, they fail to recognise (or should that be 'finger in the ears and shout na-na-nana-na)  that their board and masters do not share their views and are more than happy to have T'Rangers, King and all that goes with him sit alongside them.

    When the largest club in the country is happy to go along with the 'big lie' and accommodating cold shouldered criminals then why should smaller clubs, with more than enough worries on their plate, take up the charge.

    wottpi Also Commented

    In Whose Interests
    Mordecai 12th November 2019 at 13:59

    I think something similar was said on here recently regards the likelihood of Morelos going down south, but perhaps not going into a much detail.

    However while the Morelos situation is interesting, it is going to be nothing compared to the potential issues Brexit may bring in terms of the ability to secure foreign talent.

    In terms of the squads of our 5 largest clubs, Celtic and Hearts would appear to have more EU players on their books currently than others

    I know the situation is somewhat unknown and fluid but I  wonder if any forward planning is being undertaken by Scottish clubs to assess the potential pros and cons of Brexit in terms of taking clubs forward in the years to come.

    As implied some of the smaller clubs may not be affected as they will have more of a home grown squad.

    However a dip into the transfer market for buying a decent youngster or getting one on loan to help bolster a league challenge may not be so easy in the future.


    In Whose Interests
    easyJambo 6th November 2019 at 12:51

     

    Interesting stuff to see it in pictorial form.

    So when they got all the way to the Uefa cup final the oldco published figures were showing a turnover of circa £65.5m with a net operating expenses of £57.8m

    The recent figures publish for RIFC plc say turnover was £53.2m and operating expenses at £58.2m.

    They are now maxing out with no signs of where extra income will come from and some unknown liabilities in the pipeline.

    Not a good place to be if a few results go the wrong way.

     


    In Whose Interests
    easyJambo 5th November 2019 at 13:02

    My guess is that the end game is starting.

    As we have discussed previously, despite your continual optimism that someone may have enough sense at Ibrox not to spend every penny they have (and more), each year's accounts show that they cannot help themselves and the unknown unknowns continue to rise. 

    In the next accounts it will be the Ashley settlement and the eye watering wage bill for the recent signings and no doubt followed by their contract renegotiations  once agents want a higher rate for their client given they will all be lauded in the press as £10m plus players come the next two transfer windows.

    I have on countless times gone back to the oldco's accounts to highlight the previous figures and that even with significant income and attempts at multiple cash raising share issues Rangers went to the wall.

    I note the recent Forbes article alludes to the T'Rangers now beginning to max out their income and that the numbers are now similar to oldco 2011.

    The whole thing relies, once again, on winning the league, getting Champions League football and selling players for large profits.

    As Celtic have shown even when you have a clear run at it, you can only get all three now and again.

    The odds on T'Rangers achieving all three in this season or the next are, to my mind, not good.

    The whole thing is a big gamble.

    Once the 'investors' do a Brooks Mileson and pull the plug on funding it will all start falling apart.

    Unless the much hoped for 'Sugar Daddy' knight in shining armour  comes in with a huge buy-out, then the current board cannot keep coughing up these levels of cash for much longer.

     


    Recent Comments by wottpi

    Celtic’s Questions to Answer
    So it looks like King, and presumably his desire to put monies into the Ibrox coffers, will shortly depart these shores.

    'The club' then will possibly become the sole legal entity controlling the football aspect of the business and therefore more or less fully reliant on 'fan investors' if it needs more cash.

    The club therefore will mainly rely on its income from gate receipts, retail, TV monies, sponsorship and progress in competitions.

    So we are back to the situation where Celtic have the bigger ground, the better sponsorship deals and cash in the bank.

    The Ibrox management team will apparently now be set a more defined wage and transfer budget, which of course blows all other Scottish Teams out of the water, but is unlikely to be anywhere near what Celtic can spend if  both clubs wanted the same player.

    T'Rangers still have no record of significantly benefitting from the development and selling on of younger players and have a number of older high wage earners on their books. So they are trailing in that department, even if they did manage to sell on Morelos.

    Given the eventual lack of interest in oldco shares issues in the latter part of SDM's reign it is difficult to see how King is leaving the club in any better shape than when SDM exited stage left with a pound in his pocket. There has been no obvious appetite for years for anyone other than fans to invest in the clubs from Ibrox and the folk on the terraces only have so much spare cash.

    IMHO the last sugar daddy has now left the building.

    You can't take away from the fact that some folk have put their money where their mouth is to keep the show on the road and make progress in footballing terms and that the fans have remained staunch and loyal.

    However they are not out of the woods by any means as their costs remain high and to avoid future losses, whoever takes up the reigns are going to have to cut their cloth accordingly which will clearly have an effect on the potential for success on the pitch.

     


    Celtic’s Questions to Answer
    Ex Ludo 26th November 2019 at 01:17

    Ex Ludo, you could add terrorist related banners to your list.

    easyJambo 25th November 2019 at 20:21

    EJ as you say Celtic have their head in the sand re the Green Brigade and the double standards applied to the domestic game.

    The latest UEFA fine relates to various banners including a banner and card display mirroring the logo of an Italian terrorist organisation.

    Celtic, as a club, know this group of supporters have form on using terrorist iconography and similarly the club being fined for it.

    Look at the pictures and you will see that such a display requires a degree of organisation and pre- planning. The Green Brigade didn't suddenly chose their display 5 minutes before kick off!!

    I have it on good authority members of the Green Brigade are given the run of their area in advance of games to set up such displays and  go through less security checks than staff who actually work in the stadium.

    Phil Macgiollabhain is keen to continually remind us the Celtic have oodles of cash in the bank.

    Given the consistent fines, home and away in Europe, why is some of that money not spent monitoring the Green Brigade and ensuring there is appropriate sanctioning of banners/displays and proper searches of fans  going into that area at home games?

    The club has that power and that level of control, if it were serious about addressing the issue.

    Don't get me wrong I have no problem with the aims of creating an atmosphere and all the genuinely humourous stuff.  I support efforts to call out fascists and have sympathy with innocent Palestinians, but there are other ways to draw attention to such plights.

    Supporting noble causes and doing charity work is all well and good but I can't help feel there is a twisted darkness within the heart Green Brigade that isn't doing the club and the majority of their fellow fans any favours. 


    Celtic’s Questions to Answer
    Regards

    HMRC pursuing football clubs

     

    Hearts had four winding up orders raised by HMRC between December 2011 and November 2012.

     

    Therefore there is no excuse for any delays in going after any football club who may be behind in its PAYE  and associated tax payments – if that is the case.


    Celtic’s Questions to Answer
    Rangers were behind paying their newsagent and the face painter.

    They diddled Her Majesty

    That's the kind of business they were running. 

    End of discussion.


    Tangled Up In Blue by Stephen O’Donnell (Book Review)
    easyJambo 3rd September 2019 at 15:27

    I note that both the local MP and the Mayor of Manchester appear to behind the drive to keep Bury going in the EFL.

    From reports the club owes HMRC around £800k.

    On here many have tried to say the involvement and ramblings of MPs and MEPs, including the then FM, around the time of the demise of Rangers and formation of T'Rangers were some form of establishment conspiracy and that with money being owed to her Majesty the club from Govan should have been helped, by such politicians, in going to the wall. 

    Like at Bury,  I think it is just one of these situations were 'the normal rules' don't seem to apply and people from all walks of life go 'Ga-Ga' when its a football club that is in trouble.

    I don't think it matters if it is Rangers, Bury, Bolton or any other team, politicians would be wanting to be seen on the side of keeping a team alive.

    Perhaps not right but it is in the nature of the political beast to protect their vote.