The Rangers players asked to take a 15% pay cut

[Foxholer]

Seems to me (neither a fan nor a hater of either Rangers nor Celtic) that strategy of Rangers's financial vs performance management is wrong. There seems little point spending serious money while they are romping through their current league - even with a bit of 'investment' for their inevitable promotion.

And I think the players rejection is quite reasonable - though it's likely to have an effect on their next negotiation.

The numbers are small compared to English (or any proper?) league though!

 

[BoadieBroadus]

Paying Ally so much money and giving him so many shares at 1p was absolutely crucial to the board of time to convince the fans to back them and the team as they had backed the pre liquidation entity.

without any continuity, it would have been harder to convince the fans of the "same club" line and many more of them would have been sceptical of buying season tickets and shares to keep the company afloat.

it certainly wasn't for his great managerial expertise or experience which was virtually non existent at the time.

 

[SwingsitlikeHogan]

It's a complete nonsense what The Rangers are doing - and I am sure that most of their supporters will agree (I won't refer further to the The Rangers as it is as sad as it sounds). I just don't get it - all I can imagine is that it is a vanity project for the current owners - and spending big on players and getting an unbeaten season will keep the supporters happy. It might please some but I actually think the majority would rather the club just got on with rebuilding their house on a solid sustainable base rather than building this fairy tale castle - on sand.

 

[LanDog]

Could you explain what you mean by false money that was never theirs please?

They borrowed all the money to buy the players without being able to pay it back. Is that not right?

 

[Val]

I am a Celtic fan and I have a sly snigger to myself due to Rangers plight, any Rangers fan worth their salt would do similar.

This is all self inflicted by the powers in control, why it's taken so long to get to here is a mystery as the writing was surely on the wall when they lost £14.4m (reportedly) in 13 months. I no longer feel sorry for Rangers fans, I did at one point but no more, after the take over and subsequent resurrection of the club all we heard was gloating from a large section of their fanbase on how they would sail through the leagues and be back in the top league debt free and all the other clubs would suffer financially with Rangers having to do this.

It's a shocking state of affairs, it's destroying Scottish football not having a club of that size at the top table of Scottish football, it's no ones fault but the past and current owners and directors of Rangers but you reap what you sow and have to suffer the consequences. Those that took charge had no interest in Rangers, they just wanted to line their pockets and at £800k a year, McCoist is in that mould too.

Looks like bomber brown was right all along.

 

[SwingsitlikeHogan]

They borrowed all the money to buy the players without being able to pay it back. Is that not right?

...and let us not forget some dubious business around their income tax affairs - as yet unresolved as appeals by taxman are ongoing.

 

[stevie_r]

They borrowed all the money to buy the players without being able to pay it back. Is that not right?

No, not even close. So you are saying that the 9 in a row team consisted of players that Rangers never paid for? Where on earth did you get that from?

 

[LanDog]

It's just as well you don't live in Glasgow!! Rangers managed 9 titles in a row, NOT 10. That is a VERY significant detail where I come from and getting it wrong could land you in a spot of bother!!

Sorry my mistake, I'd say if I was from Glasgow I'd have a better idea though

 

[LanDog]

No, not even close. So you are saying that the 9 in a row team consisted of players that Rangers never paid for? Where on earth did you get that from?

I read an an article on it all when it went tits up. That was a while ago so I may be off. But the gist of it was that they funded their success by borrowing money and not having the means to pay it back

 

[SwingsitlikeHogan]

Whilst I am absolutely no fan of that club - and we have seen that the other properly run Scottish clubs can survive without them - I am under no delusions that a good strong honest Rangers (of whatever name) is but a generally healthy thing for Scottish football. Bigot-free would be very, very nice - but let's not ask for the impossible in the short term - that might come in time.

But for the club and it's supporters to be accepted by the rest of Scottish football in anything but a bitter hostile atmosphere they must show some humility and an open and honest acceptance of their past failings. They have to try and let go of the massive resentments they have developed towards the rest of Scottish football over the last few years. Because if they do not let these go Scottish football may well be an awful bitter and nasty place for years to come.

If Rangers feel they have a place at the top of Scottish football they are going to have to demonstrate by their words and actions that they deserve that place and that they respect that place.

 

[stevie_r]

I read an an article on it all when it went tits up. That was a while ago so I may be off. But the gist of it was that they funded their success by borrowing money and not having the means to pay it back

Could you provide a link to that article?

Yes Rangers borrowed during that period, most clubs do, have a look at MUFCs debt, or Barcelona's. Debt is not a problem as long as you can service that debt.

Quick question, do you have a mortgage?

 

[SwingsitlikeHogan]

Could you provide a link to that article?

Yes Rangers borrowed during that period, most clubs do, have a look at MUFCs debt, or Barcelona's. Debt is not a problem as long as you can service that debt.

Quick question, do you have a mortgage?

Which is true Stevie - but it's not been a bed of roses for Rangers over the last 3 years and that is not just through bad luck and vile spitefulness towards the club from the rest of the world.

But even a St Johnstone supporter such as I have had enough of it. I don't even bother winding up my bluenose relatives - it's no fun any more. But whilst the club continues to find themselves in the news in this way - whether or not they deserve it - and it seems here that they do - well so the bitterness between accusers and snipers and the accused will continue - to the benefit of absolutely no one.

 

[LanDog]

Could you provide a link to that article?

Yes Rangers borrowed during that period, most clubs do, have a look at MUFCs debt, or Barcelona's. Debt is not a problem as long as you can service that debt.

Quick question, do you have a mortgage?

MUFC's owners use they club's revenue to payback the loan they used to buy the club, the club was used as collateral when the takeover bid was accepted

As for the article, I can't remember it sorry

 

[Pistol Peter]

According to press reports tonight.

Seems that things aint going well with a £14m loss over the last 13 months.

Odd that they are paying massive wages in a Mickey Mouse league,they could be paying out at the most half of what they are currently paying their playing staff (£7.5m per annum) and still walk the leagues they have been in over the last year.

I wonder why they have been asked to take a pay cut......it couldn't be happening again,could it?? :smirk:

I think it is dreadful that The Rangers are paying this sort of money for the current squad and that the board are milking the club, I feel for the supporters and the rest of Scottish football. there also seems to be some underhanded dealing going on at the other end of the city aswell how will this pan out.
It is understood that both Celtic and Glasgow City Council are extremely concerned at the possibility of the preliminary investigation leading to the type of full investigation which has been initiated in respect of Spanish and Dutch clubs.
Celtic have purchased several plots of land from State organisations, which have historically been Labour controlled, at low prices. These include the purchase for only, £497,000, of the land their Lennoxtown training ground was built on. It is believed that the recent sale of London Road Primary School may also now fall under examination.
If you are interested in more forensic detail on the various purchases and valuations then you should visit the excellenthttp://footballtaxhavens.wordpress.com/2014/01/01/state-aid-assembling-the-case-for-the-eu/
The European Commission has wide ranging powers if there is found to have been a breach of the regulations. The Commission can require the Member State to recover the aid with interest from the beneficiary (in this case Celtic). This could lead to a potential bill of over £30m for Celtic, which would have to be repaid over a maximum period of ten years. Any finding of guilt would put pressure on the SFA to probe any sporting advantage that discounted deals brought. It may also fall foul of new UEFA Financial Fair Play regulations.
This news comes only a day after the announcement that the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) are to examine the conduct of Co-Op Bank officials over allegations of tie ins with the Labour Party.
Celtic, who can count former Labour Minister, John Reid and former Labour MP, Brian Wilson amongst their former and current directors, were the recipients of extremely favourable loan deals from the Co-Op Bank and those are almost certain to be examined as part of the investigation. It is believed that the State-owned land obtained by Celtic was used as security for these loans.
http://www.thisismoney.co.uk/money/...slammed-cheap-loans-Celtic-Football-Club.html
The European Commission probe is separate to this however and Celtic will potentially have to fight on two fronts to show that they have not been the beneficiaries of either State Aid or politically motivated, favourable loans secured against the land purchased. Last year Celtic employed a lawyer with litigation experience as their Company Secretary.
If anyone has any information regarding these allegations then please contact The Rangers Standard in confidence and we will incorporate it into any further enquiries. Anyone with detailed information or any specific complaints relating to State Aid on this matter should contact the European Commission atStateaidgreffe@ec.europa.eu . Also if you have any relevant details on the Co-Op investigation you can contact the PRA at

 

[smange]

I am a Celtic fan and I have a sly snigger to myself due to Rangers plight, any Rangers fan worth their salt would do similar.

This is all self inflicted by the powers in control, why it's taken so long to get to here is a mystery as the writing was surely on the wall when they lost £14.4m (reportedly) in 13 months. I no longer feel sorry for Rangers fans, I did at one point but no more, after the take over and subsequent resurrection of the club all we heard was gloating from a large section of their fanbase on how they would sail through the leagues and be back in the top league debt free and all the other clubs would suffer financially with Rangers having to do this.

It's a shocking state of affairs, it's destroying Scottish football not having a club of that size at the top table of Scottish football, it's no ones fault but the past and current owners and directors of Rangers but you reap what you sow and have to suffer the consequences. Those that took charge had no interest in Rangers, they just wanted to line their pockets and at £800k a year, McCoist is in that mould too.

Looks like bomber brown was right all along.

What you really mean is "Celtic aren't getting a full house every week due to Rangers being out of the league"

Are you related to that doom and gloom clown Doncaster?

So far this season, on average from last season

Celtic up around 1500

Hearts crowds up around 1200

Hibs crowd up around 400

Dundee United crowd up around 100

Motherwell up around 50

St Mirren up around 50

St Johnstone up around 400

Only Ross County, Kilmarnock and Inverness have so far seen a drop in their average from last season

The absence of Rangers in the top league is killing Scottish football? Really? These figures would say different.

 

[BoadieBroadus]

No, not even close. So you are saying that the 9 in a row team consisted of players that Rangers never paid for? Where on earth did you get that from?

effectively Rangers borrowed the money from the Murray Group which had borrowed most of that from Bank of Scotland. Bank of Scotland went bust and was taken over by Lloyds. at which point the Murray group was eye wateringly in debt to Lloyds who were in fact running the finances of the group and first to be shed was the loss making football club.

were the players who played in the 9 in a row team bought with money generated by the club? no. they were bought with money that the Murray group had borrowed from Bank of Scotland. which was fine until Lloyds started wanting it back.

 

[LanDog]

What you really mean is "Celtic aren't getting a full house every week due to Rangers being out of the league"

Are you related to that doom and gloom clown Doncaster?

So far this season, on average from last season

Celtic up around 1500

Hearts crowds up around 1200

Hibs crowd up around 400

Dundee United crowd up around 100

Motherwell up around 50

St Mirren up around 50

St Johnstone up around 400

Only Ross County, Kilmarnock and Inverness have so far seen a drop in their average from last season

The absence of Rangers in the top league is killing Scottish football? Really? These figures would say different.

What i would say is that there definitely isn't the same level of excitement around since Rangers dropped, but since the duopoly has been broken, it has paved the way for other clubs to come through and try and gain success, which to mind mind has made things more interesting.
so when Rangers eventually do make their way back up, it will hopefully be more of an even playing field compared to what it was like before

 

[chris661]

I think it is dreadful that The Rangers are paying this sort of money for the current squad and that the board are milking the club, I feel for the supporters and the rest of Scottish football. there also seems to be some underhanded dealing going on at the other end of the city aswell how will this pan out.
It is understood that both Celtic and Glasgow City Council are extremely concerned at the possibility of the preliminary investigation leading to the type of full investigation which has been initiated in respect of Spanish and Dutch clubs.
Celtic have purchased several plots of land from State organisations, which have historically been Labour controlled, at low prices. These include the purchase for only, £497,000, of the land their Lennoxtown training ground was built on. It is believed that the recent sale of London Road Primary School may also now fall under examination.
If you are interested in more forensic detail on the various purchases and valuations then you should visit the excellenthttp://footballtaxhavens.wordpress.com/2014/01/01/state-aid-assembling-the-case-for-the-eu/
The European Commission has wide ranging powers if there is found to have been a breach of the regulations. The Commission can require the Member State to recover the aid with interest from the beneficiary (in this case Celtic). This could lead to a potential bill of over £30m for Celtic, which would have to be repaid over a maximum period of ten years. Any finding of guilt would put pressure on the SFA to probe any sporting advantage that discounted deals brought. It may also fall foul of new UEFA Financial Fair Play regulations.
This news comes only a day after the announcement that the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) are to examine the conduct of Co-Op Bank officials over allegations of tie ins with the Labour Party.
Celtic, who can count former Labour Minister, John Reid and former Labour MP, Brian Wilson amongst their former and current directors, were the recipients of extremely favourable loan deals from the Co-Op Bank and those are almost certain to be examined as part of the investigation. It is believed that the State-owned land obtained by Celtic was used as security for these loans.
http://www.thisismoney.co.uk/money/...slammed-cheap-loans-Celtic-Football-Club.html
The European Commission probe is separate to this however and Celtic will potentially have to fight on two fronts to show that they have not been the beneficiaries of either State Aid or politically motivated, favourable loans secured against the land purchased. Last year Celtic employed a lawyer with litigation experience as their Company Secretary.
If anyone has any information regarding these allegations then please contact The Rangers Standard in confidence and we will incorporate it into any further enquiries. Anyone with detailed information or any specific complaints relating to State Aid on this matter should contact the European Commission atStateaidgreffe@ec.europa.eu . Also if you have any relevant details on the Co-Op investigation you can contact the PRA at

:rofl: :rofl: :rofl: what about the government funded Murray park? :rofl: :rofl:

 

[SwingsitlikeHogan]

What i would say is that there definitely isn't the same level of excitement around since Rangers dropped, but since the duopoly has been broken, it has paved the way for other clubs to come through and try and gain success, which to mind mind has made things more interesting.
so when Rangers eventually do make their way back up, it will hopefully be more of an even playing field compared to what it was like before

Your opening point is only true for those outside of Rangers and Celtic or simply bystanding watchers of Scottish football. If you are a supporter of SPL clubs (other than Celtic) the prospect of a Champions League place is very exciting - not just interesting.

 

[smange]

What i would say is that there definitely isn't the same level of excitement around since Rangers dropped, but since the duopoly has been broken, it has paved the way for other clubs to come through and try and gain success, which to mind mind has made things more interesting.
so when Rangers eventually do make their way back up, it will hopefully be more of an even playing field compared to what it was like before

I would say that it's the opposite, except possibly for at Celtic who are missing the excitement of a genuine title challenge but for the rest of the clubs supporters there is a lot to be excited about and they are showing it by turning up at the games.