Dragonfly Trumpeter
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Posts
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Everything posted by Dragonfly Trumpeter
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Why have they not done it then? Why just a public statement saying it will be the fans fault if we do not renew? Actions speak louder than words. It is not our mess. Our club has been financially raped. Edit: Hearts did not need a brilliant lawyer, they needed crooks. We have plenty it seems....
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The solution to the financial crisis at our club is simple. The shareholders and their appointed stooges on the board are responsible for the recent £50 million cash burn. So they should have a rights issue, which everyone knows is coming anyway. Wrong. So why not? Because then, the existing shareholders will have to put in the funds to fix their, ahem, wrongdoings. Cannot have them paying for that via a rights issue. So simply have a share issue then, underwritten by DK. He is more than willing. Wrong. The existing shareholders may then have their power diluted. Cannot have that. So blackmail the punters emotionally and get them to pay for it again seems to be the answer. And get some Gers men to help. Bingo. Next step may be to do a Hearts. Sell season tickets because you are skint, use it to pay back the loans and trade pre season, then pull the plug. Gives them time to work with the assets and the pre-pack and only the pesky punters and minority, out of the clique shareholders lose out. I must say, the Hearts master stroke last season, using early ST sales to tide them over until the day after the spl ended the oldco and rules set up was brilliant. Used up all the ST money even before the season started and got the admin deduction in the spfl top tier. Beware.
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Absolutely not. They have broken the law if they have, Anyway, I think those on auto get the 'thank you' e mail, not the begging one.
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What is hard to grasp? What happens to the season ticket money, where it may go this term but not what we get for it. You really do not read my posts, do you? If Greenco tell me what they did with the £2,712 paid to them from my pocket for STs in the last 2 seasons it would be a help. I can then make a decision whether to repeat the experience. You do not need to tell me the rights of shareholders or zero rights of ST holders. I lost well into 5 figures with oldco. I was, however, wise enough to see through Green - albeit 2 weeks and a bit of research after his opening speech - so I am okay this time. Anyway, I just read the e mail, clicked the link to pay my ST, signed in, yet it says I have no renewals to add. Bingo.
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Thanks, tremendous deal indeed.
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"Why? Because it's our main source of working capital, whatever doubts you about the finances you won't resolve it by making the finances worse" Ah, well said. And here is the main point. We need working capital every month of the year. And we would not be denying the club income or making the finances worse by paying as we went. By not giving money up front to your hero Green & his cherry picked cohorts, instead pay the money as we go, we actually help Rangers FC. Because they cannot steal it all in advance. "And it went to running the club as it always has done" Really? Enlighten we then please, show me the accounts that show where the £50 million went on running the club. Because I have not seen them and Greenco won't tell me. Remember, our astronomical football wage bill is £7m a year.
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Did you read my post at all btw? Our STs are more expensive than going week to week, for the same seats. Your cinema yearly ticket, as it more expensive than going every day for a year paying a single ticket? Because you pay for every day. I will google when I have 5 mins and check cineworld for a single film and a yearly pass. I doubt it is comparable. Bottom line is, they have robbed us blind for 2 years and want it to continue, no questions asked. I am off to the butcher, I go every wednesday. Pay cash as well.
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The point is, why should Greenco get a third lot up front when the corporate management of the club has blown 6 times that income in such a short space of time? No detail of where it went, no transparency and no trust. Blind faith thrown into a black hole. And we should do it a 3rd time? Don't start on security, our shareholders know all about that, coupled with astronomical apr.
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We should get a refund then, our ST holders in the rsc only get 18 games. Why is that?
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Fans do not pay season tickets to watch 36 games but let us ignore that pile of shit. Your point is valid though - fans should and will pay when they go to a game, how is that jeopardising the going concern? But in your opinion, the fans not paying in May for a league game the following May, 12 months in advance, is the problem? Okay. Do the players and staff get paid monthly or a year up front? How do the high street businesses manage, do you pay the butcher for your years supply of beef and pick up a silverside roast and a kilo of mince every fortnight for a year? I note the board wanted 30% apr for their own money up front, how did that fit? Are the mugs that are the fans the only ones who should not take heed? Our rsc ST holders, to a man, pay more for a ST than they would paying game to game. So no financial incentive. I think we all know where the financial incentive falls. Why do the board need to have our money 12 months ahead of the projected expenditure? And I say this as a ST holder with 2 seats @ £600 each. The answer is that the board need our cash because they have burned £50 million already, that is the problem with the going concern part. They simply want bailed out again. Absolutely not 2 different things entirely - virtually one and the same, joined at the hip. How people can believe Somers' statement that the fans not paying a year in advance to finance the rape of our club is the problem I do not understand. Trust and transparency indeed. If you seriously believe "there isn't any argument that the Club's finances have been mismanaged" - sadly drastically understated btw - do you not think it is possible that chucking another £8 million of fans money to the same crooks might go the same way? There is a major constant in all of this, no wonder the board are shitting themselves that it may change. Perhaps the way the club is, managed, financed and plundered is a bigger threat to the viability of it. The funny thing is, I have been a virtual lone voice in our rsc saying I will renew my season tickets, even given the director's and major shareholders shenanigans of the last 2 years. No need to suggest I know what to do, the head and the heart know where they stand. Yet it is the Faure substitution on sunday that is just about breaking me.
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Good Lord, you have lost the plot. The parasites have burned £50 million and not accounted for it. And the fans are at fault. All the fans have done is buy 72,000 season tickets and had nothing in return. An unbelievable post.
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Hearts will not be pushed down further regardless of liquidation etc and will go straight back up unless we have change at our club. They have little to fear from us sadly. They have a young squad with a years experience at a good level and we have a manager with no clue who signed expensive journeymen on 100 times the salary of our league opponents to get promotion. Raith are a bottom half championship team.....
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I do not think the RFFF was ever going to be used to support CH / SOS financially. I think the announcement that it would go to a vote was merely to show the former convicted VAT fraudster that his bully bhoy tactics may not be tolerated. It appears that was successful. Much ado about the square root of fuck all imo. Nice to see narsa gwtting so animated about our own though.
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I replied to your post where you said: The Chairman blamed "external comment and ill-informed opinion continues to create uncertainty with regard to future income and cash flows". "I would suggest to you that he was refering to the UoF and SoS, in particular Messrs Graham & Houston; and casting doubt on the Club's ability to trade as a going concern is exactly what they have done." I will say it again, Craig Houston & Chris Graham have done no such thing. And as for the current board not being in place when the IPO money was spent, that is a joke. I said the custodians of the club, the same ones there now who orchestrated it all. The placemen they have in place doing their bidding makes little difference. Laxey, BPH & Margharita are doing a sterling job, as they have done for themselves all along. The puppet is as good as the puppet master and many are in office but have no power. At least you have a bit of guidance here, going by past experience. You hounded a prospective hnw investor out who was trying to save us from the thieves and now you are doing your best with DK. I see a common theme. I tried very hard to break it down but then I attempted to tackle your foray into a position of power re fan ownership via the rst then looked at your RF ambitions now. So I just gave up.
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The custodians of our club during the past 2 years have blown about £50m with a vast amount of it unaccounted for - yet if the fans don't stump up another 8 or 9 million now we are risking the future of RFC? The club's ability to trade as a going concern is not Craig Houston or Chris Graham's fault. Keep up your crusade on behalf of the current lot though. Just don't let anyone know you are championing RF at the same time, bloody hell.
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In fairness, it is not 100% of the time that McCoist packs his defence and has every one behind the ball. For one corner in the 2nd half yesterday, Nicky Clark was definitely outside our box. But in the main you are correct and Arbroath can count themselves unlucky not to take at least a point. They got the ball behind our full 11 on the 6 yard line in the last minute yet managed to put it over the bar. Incredible.
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All Rangers home games, neutral cup ties not included.
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It is many things, but not astonishing. Expected, sadly.
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SFA Statement re Ticket Allocation
Dragonfly Trumpeter replied to chilledbear's topic in Rangers Chat
It is a 4 x 25% split for the clubs in the semis after the expenses, sfa levy and costs of holding the 2 ties have been deducted -
I am a Rangers supporter, and I can just about appreciate what RF is trying to do, even though I do not think it is the best way to go about it and would therefore not support it. What I have said about you does not come in to it. But since you mention it I will say that your past treatment of fellow Rangers fans and your personal involvement in RF is another reason that I would never take any part in this scheme.
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I agree, it may possible with a lot of luck. But my reply was merely to point out the massive contradictions in the statement. It was claimed to be personal and that RF had no interest political. The op says the opposite of that, as I quoted. Anyway, good luck with it. I am all for fan ownership, had a sizeable holding and financial loss in oldco and will be buying a significant number of shares when the structure and board changes in the near future.
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More appropriate but if the major point you raise re 5% etc is the ability to call an egm, you are 100% covering issues regarding the innermost politics of the club. It needs to be clear to would be investors.
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So you don't mean the politics then, fair enough. Perhaps you should change it. And it is a RF thing, not personal, so you need to bang a different drum. "I and everyone involved at Rangers First are...."
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"I and everyone involved at Rangers First are not interested in getting involved with the internal politics at the club" "Ideally we are looking for 1872 people to buy a life membership at £500 which will give us enough cash to buy circa 5% of the club. 5% being an important number in a plc allowing Rangers First several capabilities including the ability to call an EGM" Best of luck with that.
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44,110 tickets sold, attendance was just over 28k.