Comment on Podcast Episode 1 by justshatered.
As a kid I used to play monopoly with my brothers. Most times I would win but this was down to the sheer luck of the dice more than my entrepreneurial skill.
One game in particular still stands out to this day. I only had the yellow coloured properties, with a few houses on each, while my brother had the rest of the board with hotels on everything. With each roll of the dice I nipped from ‘Chance’ to Community Chest’ to the Electricity and Water Works while my brother regularly land on my properties twice each time he passed. Soon my brother was downsizing from hotels to houses and then I went to Jail for three goes. By the time I came out I had the whole of one side of the board and he was now landing on my properties three or four times every time he passed.
Soon I owned two sides of the board and my brother had no houses left while I was loading hotels onto every property. It was only a matter of time.
My brother eventually capitulated.
The reason I mention my not so misspent youth is because this is what I believe is now happening in Govan. There is no money left. They have gone to the city who didn’t want to know. They cannot borrow money against Ibrox or Murray Park (still not renamed) while Craig Whyte is hovering in the background. They are now paying 30% on £1M for six months secured against Edmiston House and the Albion Car Park. When September comes this will coincide with the season ticket money running out. If at that point Craig Whyte is still on the scene then who will lend money to ‘The Rangers’?
Laxey’s will take the two properties and dispose of them as they wish after all that is what Hedge Funds do.
If Craig Whyte is not on the scene by this time then it is a certainty that there will be a sale and lease back of Ibrox and Murray Park. There was a document which did the rounds about sixteen months ago that detailed this scenario and from this document ‘The Rangers’ actually only got about £8.5M. Without serious cost cutting this will still not take them through to next seasons end. So there will be no property left and nothing left to sell. This is when ‘the real Rangers men’ will have to step up to the plate or the club will fold. But make no mistake about it by this time there will be nothing left except a large monthly shortfall for the new owners to make up.
This is just like a game of Monopoly where the destitute business starts chipping away at its assets to keep afloat as money bleeds away. Come September this will turn into a torrent with no way back. It is eating itself from the inside with no option but to carry on. With the exception of Administration it cannot break the contracts with players or do anything about its catering or commercial contracts. Indeed with each Administration revenue from these streams will become worse as the risk to the reputation of any sponsor becomes greater.
Downsizing on a massive scale is the only option however the fans will not tolerate this and refuse to buy season tickets which in turn means even deeper cuts.
This is the future for ‘The Rangers’.
The next few months will not be pretty. The SFA will grant a licence for next year in the full knowledge that they will not see out the season but they no longer have any option. They have nailed their colours to the mast and can go no other way. Ditto the MSM.
When the true reality dawns there will be serious trouble from the faithful just about the time of the Independence referendum.
Mmmmmmmmmmmmmm now that would indeed be a strange coincidence and even stranger timing.
justshatered Also Commented
Podcast Episode 1
February 23, 2014 at 9:11 pm
Just had a deja vu moment as Mr7Brodie suggested something like this this only hours ago. And, no before you say it, ‘justshatered’ isn’t Mr7Brodie
Are you sure????
Have you ever seen the two of us in the same room at the same time!!!!!!!!!!!!!!!!!
Podcast Episode 1
I’ve just read the last blog on the Scottish Fans For Change website and it reminded me that, when this site was started, it was discussed how we the fans could make a statement within the grounds which would send a message that we are not happy with the way our game is being run.
Since fans are often described as ‘the twelfth man’ could all of the fans stand up, fall completely silent, and turn their backs on the pitch during the twelfth minute of each half. At the same time banners could be unfurled demanding the resignation of the gang of three.
No club would be financially damaged but this display would also send a message to each individual club of the strength of feeling within each support. A specific weekend could be picked and co-ordinated between fan groups or the live TV games could be constantly picked to highlight to a national audience that all is not well here.
Podcast Episode 1
I think people are over estimating how long the £1.5M will last.
‘The Rangers’ are currently losing just over £700K a month but that is not what they are paying out.
They may already be paying out over £500K a month but losing a further £700K on top of that.
Recent Comments by justshatered
To Comply or not to Comply ?
I don’t post that often now but I am still an avid follower of the site.
The story of the Trust getting a £2M loan to give to King just doesn’t ring true somehow.
First of all this is an organisation solely reliant on donations. These donations could fall of a cliff at any given time.
It has no assets so it can offer nothing as collateral.
This isn’t the late nineties or early two thousands where banks are throwing money around.
Who would put their neck on the line for this loan and what would they be responsible for if the Trust defaulted.
The interest rate under these circumstances would surely be massive meaning the long term cash stream would be diminished.
Even under the financial madness in Govan this is too far.
Is Regan a DIDDY?
Well we’ve had “not wanting to rake over old coals” now the mantra is “we must get behind the Scotland manager”.
Simple question “Why must we get behind him?”
The belief system from the media people on radio Scotland is that they are more concerned how he managed to be selected after the rebuke by O’Neil, and Walter’s refusal.
Perhaps I can enlighten them; McLeish is a tax dodger, picked by a group of people who do not wish to address McLeish’s part in a larger tax dodge which in turn cheated Scottish football for more than a decade.
He was picked by Petrie who is, as I type, being fitted for his SFA’s Presidents jacket after the current incompetent either serves his time or just dies in office!!
This is Petrie‘s prize for his leading part in the infamous five way agreement, an agreement so secret that not one copy has managed to make it into the public domain after six years. This document may be illegal for all we know. It could promise all sorts of things against the very sport itself. This is not, and never will be, acceptable!
The great irony of this is that it is the Scottish footballing public, the very people defrauded by McLeish in the first instance, who will pay his demand for back taxes. What’s the old saying “fool me once ……………..”.
Perhaps when one of the media guys starts spouting the “we need transparency of the process as to how McLeish was selected” we should simply tell them to “move on” and not “rake over old coals”. This is the problem when media people start accepting things given to them without questioning, you end up either unable to think of a difficult question, or you cannot find the testicular fortitude to ask a question.
The media, who have never paid to attend a match, are so ready to accept ten years of cheating on behalf of the paying public, then they should not be surprised when they are treated with the same disdain as the paying public.
The SFA is a corrupt, self-serving, incompetent, small minded, petty minded, and dismissive of the people who pay their wages.
Time for change?
It’s long overdue!!!
Is Regan a DIDDY?
I’ve just listened to an interesting conversation on Radio Scotland regarding the resignation of Regan and my goodness what a lot of nonsense Tom English talks.
“Too much mistrust and self interest in Scottish football”
Well perhaps Tom, if we had a media that dared to ask the hard questions of the SFA, understood finance law, understood the insolvency laws, and held those in power to account then perhaps the above may change. However, what we the paying public are lumbered with is a useless set of people, barely able to hit the correct keys to construct a sentence, who themselves survive in a swamp of self interest who refuse to report the law of the land and ignore the biggest sporting scandal in British sporting history.
Another reason there may be so much mistrust and self interest in Scottish football is because the people who are the life blood of the game are treated with complete contempt by the owners/operators of their clubs and the footballing authorities themselves. As soon as the fans started asking detailed questions of Reagan he shut down his twitter account because he couldn’t handle that questioning. That in itself should have been a media story but alas you would need a real journalist to drive that forward.
“The Chief Executive MUST be hired before the national team manager” because the “Chief Exec stands or falls by the appointment”
Does he then believe that if the national manager is sacked then it must be the case that the Chief Executive must also follow him out the door because he is the guy that hired him.
Well if that is the case why didn’t he go along with Craig Levin or if that truly is the case then neither would ever go until the fans are at the doors of Hampden with fiery torches and pitch forks!!
Just when I thought sanity may break out on comes Henry McLeish who expounds his wisdom;
“The SFA needs more power. It needs to take it back from the SPFL”
This is the organisation who refused a request from the SPFL into an investigation of how the SFA operated in 2011/2012?
The same organisation who, without speaking to any senior clubs, decided to organise a tour of South and Central America THREE weeks before our top four clubs will be participating in Champions League and Europa League qualification ties.
Henry, the SFA already hold more power than is good enough for them; a more shapeless, shiftless, cunning, blazer wearing, rule bending, will sapping, coma inducing, spineless group of individuals ever encountered by any customers in the history of sport.
Time to Ditch the Geek Show
This may have been a question asked before so I apologize in advance.
When Rangers entered Administration the TAX man made a claim as far as I’m aware for all of the National Insurance and Income Tax that Whyte had collected but never forwarded.I still find tn difficult to comprehend how this isn’t illegal but there I am, a simple guy.
The Tax man also had the ongoing claim against the money paid to the EBT wheeze and submitted another claim for the Tax and National Insurance contribution that should have been paid on those payments.
Given that HMRC won their case, and the Liquidators will adjust the pennies in the pound accordingly, how can HMRC continue to after the recipients of the EBT payments?
While I have no sympathy for the individuals this seems, again to this simple guy, that HMRC will be getting paid twice; once through the Liquidators pennies in the pound and then billing the individuals.
As for Dave King’s counsel today……………………………….. well who would have thought that a guy who attempted to hide cars, planes, bank accounts, property, and wine from the South African authorities would turn round and claim to be penniless!!
Not me honest.
Another question regarding this: If Dave King sells up and walks away would this ruling apply to the rest of the concert party?
If it does not then this looks like a great sting by the rest of the concert party to have King as the fall guy. Remember there was the rumor that King borrowed the money from someone to buy the shares. It might have even been from someone who will gain if King goes.
The Vice Closes
The SFA have attempted a deal tonight.
To buy off Celtic and the rest of Scottish football with another weak, ineffectual, in-house, whitewash of an investigation into why there in-house, dyed in the wool, Real and pretendy Rangers men passed RFC as fit for a UEFA licence in 2011.
They have done this in an attempt to prevent a full out enquiry into their handling of the Administration, Liquidation, and unlikely resurrection of RFC to ‘The Rangers’.
Unfortunately for them far too much is now out in the public domain.
Anybody who wishes to look at the evidence knows what a craven, cowardly, corrupt, set of so called administrators we have a Hampden. They knew well before RFC went into Administration that it was coming.
The real problem they have is, like the Watergate affair, the original crime was not the thing that eventually brought down the house of cards.
It was the attempted cover up that did that.
The SFA may attempt to purge their in-house email servers but most are backed up elsewhere. The paper trail will most likely lead to some very uncomfortable places and people.
Paperwork, that the SFA are so pernickety about at various times but incredibly lax at others will be their undoing in the end.
Of course as much as the media will attempt to play this as an ‘Old Firm’ issue what the SFA have done tonight is actually ignore the wishes of the SPFL board. That will also be their undoing. For all they talk about the SFA being the clubs tonight they have told everyone that the SFA is a bunch of despots, up to their necks in scandal, desperately attempting to cover their backs.