chilledbear
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Everything posted by chilledbear
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Ally sees his plans evaporate. http://willievass.photoshelter.com/gallery-image/290314-Arbroath-v-Rangers/G0000yfO9x0GPngQ/I0000Fghz1ryfgRw/C0000yOu7FPfzvwk Here's your answer Ally. http://willievass.photoshelter.com/gallery-image/290314-Arbroath-v-Rangers/G0000yfO9x0GPngQ/I0000lM3hM_wiQPE/C0000yOu7FPfzvwk
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You have to laugh. The directors allow millions of £s to be 'spent' over 18 months, then say if you don't buy a ST, it will put the Club in jeopardy. -
Story in the Sun today. Hope it's not true for the young lad.
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http://www.heraldscotland.com/news/home-news/qa-rangers-chief-executive-graham-wallace-on-finances-the-review-and-the-clubs-future.1396009021 Can somebody copy and paste.
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It means Ally has his views on how to strengthen the Squad, and Wallace is looking for an alternative way. That's my reading, Ally wants to spend, Wallace wants to use other means [Youngsters?]
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Is it still 120 days, or has that been extended?
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By 'him' you mean Irvine?
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The bully found himself faced with a bigger force than he reckoned with.
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RANGERS director Sandy Easdale has resolved a £200,000 libel bid against a fan. The Ibrox tycoon had threatened to sue supporter Craig Houston over alleged online slurs. http://www.thescottishsun.co.uk/scotsol/homepage/news/5534236/Rangers-Easdale-drops-net-slur-claim.html
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Not sure about that. Defensively we are a mess.
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Has Easdale dropped the libel bid?
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I don't suppose they gave a reason why Ibrox was under Museums?
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No costs cut, yet this can happen?
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GRAHAM WALLACE, the Rangers chief executive, has revealed that manager Ally McCoist will learn his budget for next season before his review of the business is concluded. Wallace is coming towards the end of his 120-day analysis of all aspects of the club's business, and with Rangers promoted to the SPFL Championship, the manager had revealed a desire to make signings, despite the club's precarious financial position, as highlighted by the release yesterday of their interim results. Now Wallace plans to give McCoist an indication of his likely budget before his review is concluded next month. "In terms of the overall financial number [for the playing budget] we will agree what that is and then work within that on the playing side," said the chief executive. "In terms of determining our football player needs and squad needs that does not wait until the end of the 120 days. "Ally McCoist and myself are in constant dialogue in terms of assessing the current squad. He has his views on areas he would like to strengthen for next season and we are working on looking at the alternatives in terms of meeting that need. Once we finalise the overall financial budget that will give us a clearer indication of what we want to do. It would be wrong for anybody to think that everybody is sitting on their hands waiting on the outcome of the review." http://www.heraldscotland.com/sport/football/wallace-plans-early-budget-for-mccoist.23814048
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As someone who is a dumb fool where accounts etc. are concerned, are there still accounts overdue?
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Gary Birtles on Billy Davies. Davies was good at bringing in players, at gelling them together as a team, at motivating them and generating a 'them against us' attitude. That was his forte. And, when he spoke about 'unfinished business' upon his return, everyone presumed that he meant winning promotion. But, when you look at what has happened in the year or so since his return, you begin to wonder. Davies spoke frequently about vengeance. He also said that the innocent would not be harmed. But they were. Good people at Forest have lost their jobs since he came back to the club. And those who did remain have seen the club's reputation crumble around their ears, as he gradually took on more and more people in a fight he was never going to win. He made Forest a laughing stock. Confronting photographers, confronting camera men, insisting that the only press conferences he did attend were recorded on video, freezing out the media in general, arguing with referees in the tunnel… it almost felt as though he was trying to antagonise people. Every other week there would be something else. It felt as though none of what he did was about Forest, about making the club a success. It felt as though it was about him, about his petty quest for revenge against those he perceived to have wronged him the first time he was here, whether they were staff members, the media or whoever else. Maybe he feels as though he got that. Maybe, on that front, his business is finished. I just hope that Nottingham Forest's business with Davies is finished now, forever. If Forest fans were not convinced of all the baggage that Davies comes with last time, they must surely be this time around. Read more: http://www.nottinghampost.com/Garry-Birtles-m-delighted-Billy-Davies-Nottingham/story-20857435-detail/story.html#ixzz2xCYDuJzg
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How is this voting procedure going to work?
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Surprised by this Statement to be honest.
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Taken from FF The RFFF voted today that in the event of litigation against Craig Houston, arising from content on the Sons Of Struth Facebook page, a proposal to provide financial support will be taken to a general meeting of fans.
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Par for the course when something like this doesn't surprise you.
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Keith Jackson: Check mate for Dave King in Ibrox
chilledbear replied to Frankie's topic in Rangers Chat
At least someone is calling them out, and for the first time they may have a problem. It presents a conundrum, I want this Board out and King looks like the only way, yet I'm not convinced going back to a 'Dictatorship' will be good for us in the long run. -
Rangers sign former Hamilton defender Ryan Finnie
chilledbear replied to Super Cooper's topic in Rangers Chat
Taken from FF. He's my pal. Worked for Hamilton,Aberdeen before Motherwell. Now got his dream move....a lifelong bluenose. On the down side he previously assured me that if he ever got to Rangers I'd be his first signing. I'm only 51,a tad chubby but am considerably better than Moshni or Jig. A promise is a promise John. -
http://www.bbc.co.uk/sport/0/football/26732707 By Richard Wilson BBC Scotland In stark language, Dave King has laid out his intentions. For a Rangers board that is contemplating a business plan that was previously based on drastic cost-cutting, King's pledge to invest as much as is necessary of the £50m he believes is required to restore the club is essentially a challenge to them. The figure is an approximation, and delivers a good headline, but it does reflect the investment that is required in the team, in the football infrastructure - there is still no scouting set up - and the upkeep of the property assets, most notably Ibrox and Murray Park. Following King's meeting with the board two weeks ago, the Ibrox directors pledged to deliver a business plan that would enable the club to compete with Celtic again and play in Europe. That requires significant investment, which the board must raise without borrowing against Ibrox and Murray Park, since they also committed themselves to not using them as security. “ Money has to be put in before the club can realise its earning potential again ” Beyond the personalities and conflicts that have agitated around the club in the past two years, it is the finances that remain the critical point. It will also be the finances that dictate an outcome. King has again urged the supporters not to take an adversarial stance while the board is conducting its business review and drawing up a plan for the future. He states that a conclusion will only be reached in the boardroom, but the people on the terraces do have an influence. By putting their money into a season ticket trust fund, the fans would be using the club's main revenue stream for leverage. That can still be deployed, and progress is being made on setting up the trust fund, and the reality is that a solution needs to be found to Rangers' finances. Graham Wallace, the chief executive, had previously committed himself to cost-cutting so that Rangers run on the reduced incomes of the lower leagues. He is under increasing scrutiny by the fans after saying there was enough cash in the bank to sustain the club, only for the board to then agree a £1.5m loan from the shareholders Sandy Easdale and Laxey Partners on terms that were effectively acknowledging the high risk to the lender. Wallace's original plan would delay Rangers' return to the club's former status, since even back in the Premiership they would not be able to match Celtic's wage structure. King has offered to underwrite a share issue, the board need equity investment; a solution is within reach for both parties. If the business plan does not match the board's commitments, then supporters and shareholders are entitled to ask why. With the interim results due out later this week - they are likely to show a drop in losses - the onus is on the directors to reveal their hand. King is urging Rangers fans to await the publication of the board's business plan before making their next move As much as returning Rangers to the status of title challengers is about King's emotional commitment to the club, it also is the only means by which the shareholders will see the value of their original investment rise again. They would also have the opportunity to invest further in a fresh share issue, to retain the comparative size of their stake. Rangers, in effect, need money from somewhere, having burned through the £22m raised when Rangers International Football Club was launched on the Alternative Investment Market. King has made a number of public statements in the past two years, but this is now a sustained effort. For a man so careful not to make a pledge that he cannot deliver on, the commitment to around £30m to £50m of investment and of taking on the task of restoring the club, seems like a significant moment. It is a fine line between that commitment and hubris, though. The echo of previous misjudgements is evident when promises are made about large-scale investments and providing significant transfer funds for the manager. Sir David Murray wielded these statements throughout his time, but King is a different character. Even still, the balance that ought to be struck is between a prudent, sustainable approach and the investment that King believes is required to allow Rangers to tap again into the commercial revenue streams that come with competing for the title and playing in Europe. Money has to be put in before the club can realise its earning potential again. There are other obstacles for King to overcome if he wants to be chairman, not least the Scottish Football Association's fit and proper person test and taking up a boardroom position on an AIM-listed company. He agreed to a £44m tax liability , after years of dispute with the South African Revenue Services, and accepted liability for 41 counts of contravening Section 75 of the Income Tax Act. Fraud charges were dropped. To Rangers supporters, though, King is acceptable because of his background as a lifelong follower of the team, his emotional and financial commitment to the club - he invested £20m under Murray and lost it all - and his acceptance following the court judgement in South Africa of his "mistake" in not engaging with SARS. He has now talked about spending some of his children's inheritance, of the emotional importance of restoring Rangers to the club he grew up supporting. He has also left room for the board to work with him rather than against him. The publication of the business plan early next month will reveal where this story goes next. King states it is a game of chess. The next move is the board's.
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Rangers sign former Hamilton defender Ryan Finnie
chilledbear replied to Super Cooper's topic in Rangers Chat
Seems we have signed a new scout, John Rudder currently of Motherwell, specialises in young talent. -
New lad Finnie off injured.