Jump to content

 

 

chilledbear

  • Posts

    8,517
  • Joined

  • Last visited

Everything posted by chilledbear

  1. http://www.bbc.co.uk/sport/0/football/26959101 Every football club launches a season ticket renewal campaign. No club other than Rangers is likely to find it such a fraught process. Price rises, ranging from between 15% to 25%, were inevitable and had been indicated at the annual general meeting of shareholders last December. For fans, though, the decision on whether or not to renew is complicated by the club's state of affairs. Dave King King believes Rangers need significant investment if they are to challenge for Scotland's major honours Even the timeframe has drawn attention, since the renewal deadline is 6 May, less than four weeks away. In the context of the discontent that has gathered around Ibrox, the sense is of supporters being given little time to make their choice. There is always an emotional element to the commitment, but Rangers fans have generally become more wary, even before the prospect of the Union of Fans - a coalition of supporters groups - opening a trust fund as an alternative for supporters who don't want to renew under the current circumstances. In meetings last month with the former director Dave King, who wants to invest in the club, the Ibrox board had agreed to complete the business review being undertaken by chief executive Graham Wallace before the season ticket renewal process. King will consider the launch as a breach of that agreement and is likely to respond firmly. The results of Wallace's review, and subsequent funding plan, will determine how Rangers approach the attempt to gain promotion from the Championship next season. They will also go some way to determining King's approach. He wants to provide funds to invest in the team and the football infrastructure now, to enable Rangers to return and then immediately compete in the top flight. In his view, this should be done through the issuing of new shares, which could grant him overall control. The board agreed to similar sporting aims, but do not have the money to finance it since the cash reserves have run out. Wallace needs to cut around £3m from the current running costs, and increase the revenue streams, just to bring the business to an even keel, but the season ticket money is also required just to keep the business going. This is the backdrop to the renewal campaign, which is symbolic of the lack of unity that abounds. Wallace announced at the AGM that his business review would take 120 days, which ends on Thursday 17 April, yet in the notes accompanying the interim results last month he indicated that it might be the end of April before the review and report to the board are completed. The business's going concern status was also only signed off on the basis of the price rise and a modest uplift in renewals. Despite Rangers embarking on their bid for promotion back to the Premiership, in a second tier that will contain Hearts but also possibly other leading clubs, it seems a stretch to believe that more than 37,000 will sign up for season tickets. As well as uncertainty about what funding will be available, or if only cuts will be imposed on the squad, supporters have grown weary of the quality of football this season. The defeat by Raith Rovers in the Ramsdens Cup final drew a disdainful response, and there is still a Scottish Cup semi-final against a talented Dundee United side to address. Either through concern about the quality of the football, frustration with the board and the direction of the club, or just a doubt about the club's financial stability when £1.5m in loans had to be sought from two shareholders last February and both Ibrox and Murray Park require maintenance work, the willingness to renew is being eroded. It has previously been a matter of faith, an indication of the supporters' ongoing commitment to their team. It is now a matter of judgement, of trust or otherwise. There is no incentive to renew immediately, and even missing the 6 May deadline would not be critical since there is no waiting list and supporters who hold off could still retain their seats. The alarm for the directors is a significant drop off in numbers, since this would drastically undermine their means to continue, and make it more difficult, perhaps even impossible, to hold off King. Rangers will receive the season ticket income up front, since a finance company will underwrite the options that allow fans to pay in instalments, a common arrangement in football. The first £1.5m raised, though, will be used to pay back the shareholder loans - from George Letham and Sandy Easdale, who is also a director on the football club board. The directors will watch the initial renewal numbers with concern, while some supporters will await the review, and others will wait to see what the general uptake is like. With the money raised from the initial public offering of shares in December 2012, and two tranches of season ticket money, having been spent, wariness is widespread. It is also political, since the future of Rangers - as it stands - would seem to either involve cost-cutting under the current powerbase of directors and a group of aligned shareholders, or King becoming the significant influence. Fans can buy tickets on a game-by-game basis. The season ticket uptake will reflect the mood for change or otherwise, but also go some way to determining Rangers' short-term future.
  2. IF you signed up to have your 2014/15 season ticket automatically renewed at the point of renewal last season then we will have sent you a Season Ticket Confirmation in the post to detail your plan. Supporters who have chosen to auto renew their season ticket in four monthly instalments should note that the Club will take the following payments for your 2014/15 season ticket renewal: 1st instalment – from Wednesday 30 April (including £10 fee) 2nd instalment –from Friday 30 May 3rd instalment – from Monday 30 June 4th instalment – from Thursday 31 July Season ticket holders who elected to automatically renew their 2014/15 season ticket in full should note that payment will be taken from Wednesday 30 April. There will be an additional £1 booking fee applied to all debit card payments and a £5 booking fee for any credit card payments. Any supporter who wished to cancel their automatic renewal must notify the Ticket Centre in writing before Monday 28 April. The Club will automatically renew your 2015/16 season ticket by four monthly instalments or in full, pending your selection, unless advised in writing to the Ticket Centre. Please note, any changes in payment details, including expiry date must also be communicated in writing to the Ticket Centre as soon as known. Any resultant failed payments will incur a £10 charge and potential non-admission to match(es). If you choose not to renew your season ticket via automatic renewal and then decide to renew your season ticket at a later date the Club’s credit/debit card 4 instalment option will not be available. We are replacing the Club’s four month instalment option with an alternative Zebra Finance payment plan which also has the option of either four or 10 month instalments however it is with Zebra Finance not the Club itself. CONTINUOUS CREDIT CARD SCHEMES If you have not yet signed up to the Continuous Credit Card Scheme for non-season ticket games, you can still do so online here.
  3. All 2014/15 season holders will receive free founder membership (excl joining pack)..have the option to purchase the m'ship pack at discount.
  4. May 6th deadline for season tickets. Clearly money needed for May wages. Absolute shambles from this board in absence of any plan. This true ?
  5. How long do Companies House have them before they are ready for inspection ?
  6. From Keith Jackson on twitter. Will be interesting to see if RFC bolt on some sort of additional membership package as per a previous plan. Surely not though. @STVBartin an idea was floated to ask fans for additional cash which would be ringfenced for spending on the team. Like i say, surely not. @Gri64 @waltersboy_ no. I wrote about it in my monday column last week. Its an idea that has been discussed at board level. @davidfyfe1987 if the season ticket cash alone isn't enough to run the club properly then you have to ask why not!!
  7. This should be interesting, renewals before the 120 days. Rangers will launch their season ticket renewal campaign at Ibrox tomorrow. As reported in the Herald today, prices expected to rise by 18%.
  8. https://bdaily.co.uk/industrials/08-04-2014/ashley-makes-surprise-200-million-sale-of-sports-direct-shares/ Newcastle United owner Mike Ashley has sold more than £200 million worth of shares in Sports Direct, a report from the Telegraph says. News of the deal surfaced last night when Mr Ashley reportedly sold 25 million shares - equivalent to around 7% of his stake in the firm. The move follows Sports Direct’s purchase of an 11% stake in House of Fraser on the eve of a deal which was to see the retailer sold to Chinese conglomerate Sanpower. It also follows the failure of the Sports Direct board to gain approval for a £73 million bonus scheme that would benefit Mr Ashley.
  9. We should get used to it, will be played out in public, these things always are.
  10. Journalists who reported without bias !!
  11. I think we were the first team to tour Russia undefeated, this was the reason for the welcome.
  12. I would like to know the reason Wallace was replaced by a right back when Smith was on the Park. As far as I could see Smith was there to take free kicks and corner kicks, which he could quite easily have taken from the left back position.
  13. I remember the Russian tour well, Baxter was in the Army so couldn't go and his place at left half was taken by Greig. The number of fans at the Airport to welcome them back was reported to be 10,000.
  14. I posted this on Friday. ‏@dcgriff2000 @Falkirkbear @GordonKeane @JP_1872 @Spinvicta Do it, bud. They'd welcome callers' views on what looks like a Buy Rangers bid to takeover RF. Some don't want Supporters having a say.
  15. Some didn't like her views and told her so on social media, forcefully I hear. Only thing is, who's next.
  16. Sorry mate.
  17. I notice Gail Richardson has given up her position.
  18. At one Directors meeting Green met with himself. What was decided at that meeting is not worth thinking about.
  19. Shit. Sandy Easdale said: "James and I wish Douglas every success in securing the right buyer for his club we know he dearly loves. As for us, we are completely focused on Rangers and the job we have there." http://www.eveningtimes.co.uk/mobile/rangers/easdale-brothers-wont-do-walking-away-at-rangers-158506n.23882978
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.