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SteveC

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Everything posted by SteveC

  1. SteveC
    I can't follow them at all, little makes sesne. Retail is up to 7million + (but then I guess we don't get to touch it - but what does that figure consist of anyway? If £3million plus was locked away at the end of June and the figures don't go far beyond that how is it £7.6million? Also why is Ashley's 3 million recent loan(s) in figures for the first half of the year?
  2. SteveC
    this: " "the Group will require up to £8 million by way of debt or equity finance within the next 12 months""
  3. SteveC
    Working it out, on basic salary Graham Wallace was on circa £341,000 a year at Rangers before bonuses. He received £160,000 bonus last year. 0 replies 6 retweets 0 favorites Reply Retweet6 Favorite More Grant Russell retweeted Raman Bhardwaj @STVRaman · 7m 7 minutes ago Former #Rangers CEO Graham Wallace pocketed nearly £380K in the 7 months between Nov 2013-June 2014 0 replies 9 retweets 1 favorite Reply Retweet9 Favorite1 More Grant Russell @STVGrant · 13m 13 minutes ago "Ex-CEO Craig Mather received £69,150 in fees relating to consultancy services provided to Group prior to his appointment as a director." 0 replies 1 retweet 0 favorites Reply Retweet1 Favorite Grant Russell @STVGrant · 17m 17 minutes ago "Since the year end a further severance payment has been made to Graham Wallace of £100,000." Grant Russell @STVGrant · 17m 17 minutes ago Rangers' director emoluments for year ending June 2014 continued: N Crighton: £26,664; B Smart: £14,809; I Hart £13,872; P Cartmell £1,154. Grant Russell @STVGrant · 18m 18 minutes ago Rangers' director emoluments for year ending June 2014: G Wallace £377,827; B Stockbridge £217,675; C Mather £84,980; D Somers £50,000. Grant Russell @STVGrant · 21m 21 minutes ago Correcting earlier tweet: "At June 2014, £3,069,000 cash relating to Rangers Retail Limited "not immediately available as working capital."
  4. SteveC
    Grant Russell @STVGrant · 3m 3 minutes ago "Control over... licensing of the brand is exercised through IP Licence agreement Group entered into with Rangers Retail Limited in 2012." Grant Russell @STVGrant · 5m 5 minutes ago At June 2013, £3,069,000 of cash/bank balance relating to Rangers Retail Limited "not immediately available as working capital to Group." 0 replies 2 retweets 1 favorite Reply Retweet2 Favorite1 More Grant Russell @STVGrant · 8m 8 minutes ago Rangers say they had a £1.9m reduction in salary costs including drop "following manager's decision to take a salary cut." Grant Russell @STVGrant · 9m 9 minutes ago Rangers accounts say they "have been approached by several parties wanting to offer funds on a secured basis." 0 replies 1 retweet 2 favorites Reply Retweet1 Favorite2 More Grant Russell @STVGrant · 9m 9 minutes ago Rangers need first tranche of £8m in January "to meet day to day working capital requirements." 0 replies 15 retweets 2 favorites Reply Retweet15 Favorite2 Grant Russell @STVGrant · 10m 10 minutes ago Rangers: "the Group will require up to £8 million by way of debt or equity finance within the next 12 months" Grant Russell @STVGrant · 11m 11 minutes ago Deloitte, auditors, in Rangers' accounts: "The Group requires additional funding to continue to meet its liabilities as they fall due."
  5. SteveC
    Thanks Steve, Now - can someone tell me what they mean? The retail figures look far better than we feared s (so I am reading them wrongly, I guess) and yet it says we need new funding. Is the retail figure profit or is that what was sold and we might only get a fraction of it? I'll stop there economics isn't my scene - especially preliminary accounts (how can they be preliminary so close to the deadline?) I'll wait on someone telling me what it means.
  6. SteveC
    As St Midden fans would say: "Booooooooooooooooooooooooooooooo". C'mon at least give us some info you are not supposed to, start an inter-forum war and a 50+ page deluge. Go on, say something. It doesn't have to be true, in fact it's better if it isn't - this is the internet after all....it doesn't matter if "you tell me lies that should be obvious to me "
  7. SteveC
    Does that mean he is flying up to Glasgow airport this evening?
  8. SteveC
    Minute he is freed in Glasgow he'll be arrested on the English charge (which includes the 28 days in jail, Zappa refers to, I believe...)
  9. SteveC
    that was quick, he's in the UK: http://news.stv.tv/west-central/301300-rangers-craig-whyte-arrives-uk-after-detained-by-police-in-mexico/
  10. SteveC
    Has he been confirmed as being in prison? "Held" was all I read - not where he was being held.
  11. SteveC
    Oh agreed, Rab. Lets get the story out (though of course we are dealing with a host of liars and a legal system known for not getting the truth out so we can't even count our chickens on that....) Fingers crossed that we do - there are many, many questions to which I'd like answers....... but, even so, we'll never see the liquidation reversed and the players and years stolen from us cannot be returned.I'm glad that he's been arrested but I am still sad rather than wildly celebrating and I am very far from being sexually aroused. Perhaps gunslinger is just so much younger than me!
  12. SteveC
    Nothing that happens to him will restore the damage done to us, though
  13. SteveC
    It will be horrible with the airport back to only having them there terrible way for folk to be greeted into (what used to be) our country I presume the staff will be Sports Direct staff by now and moved to.....well wherever they are told to go. I hope there is somewhere for them
  14. SteveC
    Our boys have been hard at it; rest and reflection, no less LEE McCULLOCH is determined Rangers will react in the right way after suffering a barrage of abuse for their Capital collapse on Saturday. Ally McCoist's side crashed to a 2-0 defeat to title rivals Hearts, to fall nine points off the pace at the top of the Championship table. The Ibrox boss was the target of chants from a section of the travelling support, with many fans calling for the Light Blue legend to be sacked. Rangers are in action against Kilmarnock on Sunday as they look to book their place in the Scottish Cup fifth round and silence the doubters. Skipper McCulloch said: "There is definitely a sense of determination among the boys to make up the nine point gap. "We're not even half way through the season yet, so to say that we've lost the league now is a wee bit premature. "Obviously there is a bit of a gap there but it's one we need to look at and be positive that we can try and close it. "There has been a lot of criticism flying about for the team and rightly so. We need to use that as motivation to get back and close that gap. "There is still a lot of football to be played. We know that gap is big but it is not mathematically impossible and everyone in this team believes we can do it. "There has to be a fresh start from now. Sunday was a day of rest for everybody and then Monday was a day of reflection at Murray Park. "That is out of the way now and the best way to look at it is that this is a new chapter." http://www.eveningtimes.co.uk/ranger...917n.25878782?
  15. SteveC
    Apparently our AGM is going to be on Dec 22. (SoS say so, I think) 'night all
  16. SteveC
    God alone knows, that fund is just another clusterf@ck to add to the list.
  17. SteveC
    It's Jackson. the link takes you to the original....but I should have added the name, sorry. (I now have) I did give a "heads-up" re the tone - which I find distasteful in the extreme but that passes for "journalism" these days and not just in tabloid land - but I find myself agreeing with the content,
  18. SteveC
    It is written by a Rangers hater, he who said that it would be impossible to tire of kicking us in the face as we lay dying....as to your other points, my initial reaction was the same (much as I detest Black) but a poster on FF wrote: "I actually heard the Ian Black interview and it made me dislike him even more. The usual meaningless cliches and brain dead soundbites thrown around and he did actually say he wasn't bothered about redundancies or financial stuff until they affected him. Classless little individual" which begs the question - where could/can one hear it to determine what was really said and in what context?
  19. SteveC
    A sneering piece that seems to relish in denigrating us. I can't say it is wrong though. http://www.dailyrecord.co.uk/opinion/sport/keith-jackson-cold-hard-cash-4683056? Keith Jackson: Cold hard cash will determine Ally McCoist's future at Rangers Nov 24, 2014 08:03 OPINION BY KEITHJACKSON KEITH says that cash has always been the answer to Rangers' woes but asks, will the club be able to fork out to the cash needed to axe Ally? IN the end it will all come down to money. That is the Rangers way after all. This is a club which through the years has gorged on a diet of hubris and largesse and which bloated itself with mantras such as, “For every fiver Celtic spend we’ll spend a tenner”. It might just be the only business in the history of insolvency events to have allowed this spend-at-all-costs mentality to survive the catastrophe of liquidation. It’s drilled down so deep into the club’s DNA that it has become the answer to almost every problem it encounters. Whenever Rangers are in trouble the default position is to spend more and buy their way out of it with another fistful of Aye Readies. Few have been so steeped in this tradition as manager Ally McCoist, who earned stripes as a homegrown hero at Ibrox in the days when money really did seem like no object. A £185,000 legacy of more austere times, McCoist not only survived the Graeme Souness revolution but went on to thrive in this new
environment and whose phenomenal goalscoring exploits made him a priceless commodity throughout an era unrelenting cheque signing. Back then, McCoist was the exception to the rule. Today his fate is governed by it. Because the only bottom line that counts right now as far as the position of the Rangers manager is concerned is the huge sum it will cost to remove him and his backroom staff from the dugout. Even going by the most conservative of estimates, the costs involved in the bagging of the management team would run a long way north of £1m and right now that’s money this ravaged club simply does not have. The very notion that such vast sums could be ring-fenced for severance payments would certainly cause further distress to
auditors Deloitte – who have still not signed off the club’s latest accounts and are fast running out of days in which to so do. In fact, in order for an agm to be held before the year end as Stock Market rules dictate, Deloitte really ought to publish these latest numbers by no later than Friday of this week. The under-fire regime would then have a further three working weeks before being shoved out in front of shareholders just days before Christmas. It is already a damning indictment of the state of the club’s financial affairs that Deloitte have so far failed to put their name to these accounts and the longer they dither the more reason there is for concern. The truth is, Rangers are right back on the brink even though many supporters took comfort from watching Mike Ashley muscle his way into total control of the board room earlier this month. Recent history shows that in times of Ibrox panic there is nothing like a billionaire – radar detectable or not – to settle a few nerves but now Ashley has powered his way into the box seat there are serious decisions for him to make. What Ashley’s minions, Derek Llambias and Barry Leach, have discovered since they were dispatched to Glasgow and placed on the board may well have horrified them. The Sports Direct man did not become a billionaire by funding lost causes and yet that’s what he is now being asked to do in order to satisfy Deloitte the club is able to continue trading. If Ashley is not willing to offer up guarantees for several millions of pounds Deloitte may have to “qualify” these accounts – a development
that would prove disastrous for the reputation of almost any other company but which, given the state of all things Rangers, would merely add another layer to the farce. So far Ashley has agreed to drip feed Rangers with short-term loans in order to protect and strengthen his commercial contracts with the club. He has not just been saving Rangers with these handouts – he has been strangling them at the same time. Will he now be prepared to change strategy to fund them for the longer term because, if not, Rangers will be hurtling towards another insolvency. And, as major creditor, Ashley will be in complete control. But if, on the other hand, he opts to wade into this mess and bail it out for the long run what will that mean for McCoist? That’s the other question over which Ashley will have to chew this week because if he does decide to underpin this broken business he could also provide it with the cash needed to call time on McCoist. Ironically, that might buy him some goodwill among a growing group of Rangers fans who have lost patience with their manager and who, at Tynecastle on Saturday, voiced their desire for him to do walking away. Or a version thereof. That 2-0 defeat was the last straw for many and it might even be argued the majority of these fans have lost faith in McCoist now the football side of this business is finally getting serious and requiring urgent
attention. They simply don’t believe McCoist can recover the nine points which separate his side from Hearts and some of them suspect he may not be capable either of gaining promotion to the top flight through the end-of-season play-offs. The single-minded McCoist, it must be said, will disagree entirely. Often over the past three years he has reacted angrily to any suggestion he is failing in his duties and I say that as someone who has felt his full wrath from the other end of a phone on many occasions. But, at the risk of another fall-out, I’ll say it all again. When Rangers first reappeared from insolvency in the lowest tier of the Scottish game, McCoist wasted an opportunity to reinvent his team and introduce it to a contemporary, passing style of
football – much like the template Swansea used on their journey up through the various English leagues. Instead, in true Rangers tradition, he spent mind-boggling amounts of money on the recruitment of players who had no place operating at such a lowly level and who often looked as if they had no great wish to be there. But whether he stays or goes at this stage, with his journey not yet complete? That’s something only the money men will decide.
  20. SteveC
    Casino involved there too.
  21. SteveC
    A number of folk I know believe that the contract was that length because at the current rate of paying back a loan to Ashley it will take Pardew that long to clear his debt. The story goes - and I've heard it from media folk as well as fans of London clubs* - that Pardew spent recklessly partly to impress a young lady and in any case had run up casino debts way beyond what he could afford. Ashley lent him enough to get out of trouble if he agreed to work for far lower than a Newcastle manager would expect to, never criticise and pay off his debt directly from his salary, month by month. Pardew is a debt-serf that would never be sacked by Ashley unless he somehow became replaceable by someone in even more dire straits is what I was first told some time ago. *I've also heard that ex-players have said the same but I've only heard that second hand but then as we know, hearing a rumour from various people could just mean they all heard it from the one source. I've no way of verifying this rumour, just passing it on and saying that a growing number of people are treating it as an "open-secret".
  22. SteveC
    I wouldn't be so sure, I've never been on this forum when there has not been a vociferous supporter of whomsoever is robbing the club at the time. Hedge fund managers, asset strippers plus other liars, thieves, con-men....actually anyone wanting to make themselves rich or richer via us is always sure of a voice or two in loud support.
  23. SteveC
    Ta - not overly "firm" news though, sadly
  24. SteveC
    Lets hope the Easdales' self-preservation under King ploy has infuriated Ashley and he cuts a deal. Obviously it would still be highly favourable to him - something like "You run the football side and put in all the money, I'll take the proceeds from all merchandise and free advertising in perpetuity but it's either that or I sell the ground, your choice, Dave". That would still be a huge step forward from where we are, however bad it sounds. PS Where is the tweet - I can't see it?
  25. SteveC
    In answer to the OP's question = no: http://www.dailyrecord.co.uk/sport/f...abuse-4675204? RANGERS manager Ally McCoist says he still believes in himself and in his team's ability to win the Scottish Championship despite today's 2-0 defeat at Tynecastle leaving them nine points adrift of Hearts. McCoist was on the end of abuse from some of his own fans as 10-man Rangers fell to their third defeat of the season. A sweeping first-time effort from Jason Holt sent Hearts on their way in the 56th minute and Jamie Walker's late penalty sealed a win that puts McCoist under serious pressure. But he said: "I don't think about that myself and that's the truth. My only concern is the team and the club getting back to where we want to be. "Today is another reminder that it's going to be difficult, very difficult. But I am still as firmly focused and determined and full of belief as I ever have been." McCoist added: "It's going to be difficult but it's not insurmountable, that's for sure. We are not halfway into the season, there's a long long way to go. "Hearts are playing very well but I think we showed enough, particularly in the first half, that we are more than capable of closing that gap. "Nine points is not ideal, far from it, but we have a firm belief that we can do it. It's not going to be easy but we still believe we can be champions come May." The club's record goalscorer was subjected to abuse from a significant section of the away support when he took off Lewis Macleod for Kris Boyd in the 80th minute, although they were soon drowned out by chants of "Super Ally" from other Rangers fans. McCoist said: "I've had it before, probably more than most. I am aware of it, absolutely. "It ain't nice, I'd be lying if I told you otherwise. But I've been in the game long enough to know that it's part and parcel, particularly at the club." While McCoist faced the criticism from fans, the manager levelled his own at Steven Smith, who was shown a straight red card in the 21st minute for a studs-showing challenge on Callum Paterson. "Initially, crazy as it may seem, the way the game went for 10 minutes after the sending-off wasn't too bad," he said. "I thought we were the better team in the first half by some considerable way. "But I was very disappointed in the sending off. It put us up against it, against a team who are playing very well at the moment. I feel Steven has let his team-mates down with the challenge." Smith's tackle was arguably no worse than subsequent fouls by Kenny Miller and Boyd, the first of which saw Kevin McHattie leaving the field on a stretcher with a knee injury and forced the manager to take the striker off moments later. And McCoist admitted his side could have showed more focus on the football in a game that yielded nine yellow cards. "There were one or two needless challenges, particularly in the second half, that put us under pressure again, and then you have to make decisions, because you are down to 10 men and don't want to lose any more men. That was a disappointment. "But the positives are we absolutely kept going until the end and were fully committed."
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