chilledbear
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Everything posted by chilledbear
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If even I can see starting at the top is the sensible way to get fans etc on board, surely those at Ibrox can see this as well.
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Not sure what he can do in January, but perhaps if the cost cutting started upstairs, the fans would accept cutting the playing side next.
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Never ending story right enough, make you weep.
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More of the same.
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Faure and Cribari would be my central pairing. Moshi is too casual for my liking. I would have liked us to have tried to sign Wilson and given the Canadian lad a go. I would also like to see someone at Ibrox who can coach and organise a defense.
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The magazine that features Rangers Directors http://t.co/vblPWWb0uQ How we have fallen!!
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Ignoring the defence is Allys biggest failing, it has been an accident waiting to happen for 18 months now.
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It's said Richard Hughes has been selling.
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In my opinion signing Daly has been a waste of time, he is no better than Jig up front and probably Jig would have scored more goals. In midfield, to my mind Ally has taken the easy option of moving McLeod out wide, when he should either have changed his formation to 3 in the central midfield or taken a decision on who to leave out. Perhaps making cuts in personnel will help concentrate his mind.
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Richard Wilson - Shares, Players and Financial Controllers
chilledbear replied to chilledbear's topic in Rangers Chat
Difficult to see where cuts on the playing side can be achieved short term. -
http://www.heraldscotland.com/sport/football/shares-are-selling-but-will-players-have-to-be-sold-as-well.23177405 The Rangers International Football Club plc share price has been falling steadily since the annual meeting of shareholders last December. Yesterday, 2.5m shares were sold at 24p, a new low (the launch price was 70p), with a further 250,000 sold at 25p, the largest single day trading volume in more than a month. At the same time as the share price has been falling, the chief executive Graham Wallace has been conducting a review of the business, with significant cuts expected to be implemented to bring costs in line with income. Here Herald Sport looks at the state of play at Rangers. Who sold and who bought the shares? We may not find out, at least for now. The shares were sold in batches of 1m and 250,000, so it could have been multiple sellers and, in theory, multiple buyers. Anybody who takes their holding above or below 3% needs to notify that fact, but it can take several days to be posted on the Stock Exchange. In total, the five transactions accounted for around 4% of the RIFC shareholding. So what is the significance of the recent share price drop? For investors, it means that they have been losing money, unless they were among the small number to receive 1p shares. Until yesterday, the volume of shares sold was small, suggesting that the price was falling because investors were looking to sell their stock but there were no buyers. The share price rebounded to 28.5p at the close of the market, but it is widely thought that the net asset value share price is around 25p, making that a significant value for the market price to dip below. Might a takeover be imminent? That is unlikely. The arrival of a buyer on the scene would push the share price back up. Investors would need to be willing to sell their holdings, although those who voted against the re-election of the board members last month - around 30% - may be less inclined to retain their shares. Private deals can be struck, of course, but Rangers' business model needs to be streamlined so any price would be discounted to take into account the need for further investment. What is the state of the club's finances? Wallace, by his own admission, needs to cut the costbase. Rangers are thought to be losing somewhere in the region of £1m per month, and Wallace is currently conducting a review of the entire business. He stresses that this will also identify areas requiring investment, but it is clear that cuts will need to be implemented first. The club expects to have around £1m cash left by April, but there are issues to address. Such as? It is not so simple as just identifying, for example, players who are peripheral to the team and telling them to find a new club. Emilson Cribari has barely played this season, but is believed to be content in Glasgow and adamant that he will stay until the summer. If he cannot match the wages he is on, there is also no incentive for him to leave. What about selling players? There are some who would attract bids from other clubs, but Lee Wallace, for one, is also adamant that he intends to remain at Rangers and has no interest in pursuing a career in England. David Templeton has not featured much this season, but would need to find a club willing to match the wages he is on at Ibrox. So how does Wallace reduce the costs? He might seek redundancies, although they would also require severance packages. Hard decisions may be made, but there are costs that can be cut on the business side. Is there no alternative? No. Rangers intend to seek fresh investment, but the business needs to be brought to an even keel first. A share issue is possible in time, and Dave King is ready to lead that fresh round of investment, but Wallace will not begin that process before he has redeveloped the business model. By then, he will also have identified the areas - such as scouting - that require investment. If costs are being cut, why is Philip Nash, a consultant, being brought in? Given that Wallace is a chartered accountant, that Andrew Dickson, the head of football administration, is a chartered accountant, and that Rangers have a financial director in Brian Stockbridge, a finance controller in Ken Olverman, and an accountancy firm in Active Corporate, another accountant seems superfluous. Nash was finance director at Arsenal and Liverpool, so knows the business of football, and it is conceivable that his remit is to source new revenue as much as contribute to the business review, but it may be Wallace wants fresh and independent analysis. So what happens next? More uncertainty, probably, with the share price and with events inside the club. While the transfer window is open, players can be sold or moved on, while other areas of the business will also be cut. Wallace faces a difficult task to balance the books without fundamentally affecting the ability of the team to continue progressing up the leagues.
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Was the game a warm-up for the Select side?
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http://www.dailyrecord.co.uk/sport/football/football-news/keith-jackson-harsh-treatment-hearts-3015628?utm_source=twitterfeed&utm_medium=tw IS the treatment of Hearts fair? Absolutely not. Must it continue unabated and without mercy? Sadly, there can be no other way. What we are currently witnessing at Tynecastle is unedifying, bordering on inhumane. Gary Locke has been forced into a position where he has no choice but to flog the life out of his youngsters who are now dropping to their knees in the utter exhaustion of fighting what has been, from the outset, an impossible task. They are only half way through but Hearts are goners already. And the more squeamish may very well feel like looking the other way for the second half of this season as they stagger and stumble towards their own demise. This is heartbreaking cruelty in every conceivable way. But Scottish football must not be allowed to avert its gaze. Not for one single second. Rather, it should be strapped into a seat and forced to sit through every gory moment of this collapse. Scottish football has done this to Hearts and now it must watch every last consequence of its actions, no matter how harrowing it may become. Promising young players may be left broken in spirit and body. They may be cast aside and unable ever to fully recover from the traumas of this campaign. So be it. Locke too may never be the same again given what he has had to endure in this, his first ever managerial post. Already his credentials for the job are being debated and dissected. In some cases, he has been dismissed as some wet behind the ears, lame duck of a boss who has neither the know-how nor the work ethic to save Hearts from their fate. This picking on Locke is savage and unnecessary and almost wholly unfounded. After all, how can any reasonable assessment be made on Locke’s qualities or otherwise as a manager when he has been placed in a position which leaves him almost entirely unable to manage? Unlike his peers, he can neither buy new players nor even loan them, which means he must make do with what little he has on the books. And yet, so sparse is his squad that Locke is not afforded even the most basic managerial prerogative of choosing a starting XI. He has no choice but to count heads and send them out. No matter if these players are suffering from loss of form or even fitness. Locke’s only option is to run these youngsters into the ground until the time comes when either Hearts are unable to fulfill their fixtures or, in order to keep up the pretence that they are still a functioning football club, filling up maroon shirts with school children and sending them out to be humiliated by grown-up professionals. All in the name of sporting integrity. Under these circumstances it is simply not possible to judge Locke’s managerial merits one way or the other. He is not managing Hearts. He is merely enabling them to keep up this pretence until the club has taken its last breath in the top flight. Anyone who cannot acknowledge that their fate was predetermined before he had given them his first team talk must be a fool. Yes, Locke is learning on the job and will have made mistakes along the way. Of course he will. But by depriving him of so many of the fundamentals of football management, we make his human error almost redundant. The truth is, there was never any hope for Hearts. That was part of the deal. When this club limped over the line last season to stay in the top division at the expense of Dundee, they knew administration was on its way. We all did. It’s all been a charade ever since. The new rules which were drawn up to deal with insolvency events were designed not just to punish offenders but to throttle them. It had to be this way because of the appalling blood lust with which Rangers had been treated the previous year. Had level heads been applied to the financial meltdown at Ibrox then Rangers would have been helped back up from the gutter in which Craig Whyte left them. Instead, they were trampled down and kicked to the kerb. The urge to maximise the damage Whyte had done quickly became overwhelming and, in many cases, it was led by downright malevolence. Neil Doncaster, the chief executive of the then SPL, wished to apply some logic and reason to the debate for no other reason than it made business sense to protect Rangers. Perish the thought, maybe even to help them in their darkest hour. But he was shouted down by the baying crowd that had gathered around him. And now, as a result of this mob mentality, Hearts are paying the heaviest of prices for the roguish actions of their own former owner. There would be uproar among Rangers supporters in particular if it were any other way. This residual need for revenge is understandable. They believe their club was wronged and so they will demand parity across the board. Even if it reduces Scottish football to a bloodbath. In fact, so bitter have some of them become that they would wish it to be so. They make no attempt to hide their delight at the suffering of others and nor should they be expected to as Rangers is their only concern. But if Scottish football is to correct itself then it must transcend this kind of small-minded tribalism. For the greater good, it must also be prepared to accept that mistakes have been made and that, now they are being repeated, the youngsters of Hearts are being brutalised. With more than half a season gone, they have still not unshackled themselves fully from the 15-point penalty with which they set out. Twenty-two games into this mission impossible, with just 16 more to go, Hearts are marooned on minus two. Locke is unable to call for reinforcements. It’s about to become unwatchable. But watch on we must. And maybe when it is over – when Hearts have been crushed, lying there, limp and lifeless on the floor – then Scottish football will have cause to reflect and to confront itself. To ask itself how it got into such a dark and mean state of mind. To look inside itself in search of empathy and common sense. And then to find a better way for the future before more vulnerable clubs and more innocent young players are forced to suffer as Hearts have this season. Yes, there must still be stiff deterrents in order to keep the game safe from the next Whyte or the next Romanov. But there must also be a realisation that the current penalties are draconian and hurting all the wrong people. While Whyte and Romanov escape unscathed, the players and supporters they left behind continue to pay for all of their sins. And while so many old scores are being settled, Scottish football continues to hate itself to death.
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Elfideldo Was the change in formation forced on us because of personnel available?
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Perhaps instead of joins, I should have said 'joins as consultant'. Either way it's another wage.
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http://www.dailyrecord.co.uk/sport/football/football-news/rangers-bring-new-financial-guru-3009812 FORMER Liverpool and Arsenal financial chief Philip Nash is recruited as a consultant to help streamline the club’s massive outgoings and slash budget. RANGERS have stepped up plans to wipe millions from their budget – by employing a new financial guru to help oversee cuts. Record Sport can reveal former Liverpool and Arsenal financial chief Philip Nash has been recruited by the Ibrox board in a “consultancy” role to help oversee streamlining of the club’s enormous spending. Yesterday the club’s share price fell to 27p and Nash joins chief executive Graham Wallace along with financial director Brian Stockbridge to become the THIRD highly-paid chartered accountant at the top end of the regime. Two further money men, Andrew Dickson and Ken Olverman, are also employed by the club which now needs Nash’s expertise to help turn around losses of an estimated £1m per month. Nash was headhunted by Liverpool in 2008 after helping Arsenal finance their multi-million move from Highbury to the Emirates Stadium. He survived a regime change at Anfield and was credited with helping the club tie up £20m shirt sponsorship with Standard Chartered Bank before standing down in December 2012 citing family reasons. Rangers’ financial position has deteriorated alarmingly in the past 12 months and Stockbridge has admitted they may be down to their last million in little more than two months. As another high earner arrives, Ally McCoist is readying himself for cuts. But he insists Wallace accepts that dramatically slashing the playing budget will undermine progress through the divisions. But the manager admits he does not know the extent to which he will be forced to cut – even after a lengthy meeting with Wallace on Tuesday. McCoist said: “Graham hasn’t told me I need to sell players or get rid of them. “It was just an overall view of the football side and we will meet again next week. “He hasn’t made it known to me where those cuts are going to take place and in what shape or form. “It would make sense to Graham that just cutting and selling is not the right way to go about it in terms of the progression of the club, the team and the squad. “If you need to take one step back to take two or three forward again, that will be Graham’s decision.” McCoist hopes he does not have to lose players during the transfer window. He said: “I would be thrilled to bits if there were no bids.”
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Sorry to hear this, 53 years old.
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Ok, so the share price is dropping fast. Did Laxey buy a load of shares a few weeks ago? If so, and they are professionals in this type of trading are they not. WHY?
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As a footnote, Clyde News had the headline for Convery. "Rangers Twitter Troll Jailed" After complaints they changed it to "Twitter Troll Jailed" http://www.clyde1.com/news/local/rangers-twitter-troll-jailed/
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He will have gone through our scouting process!!
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http://www.heraldscotland.com/mobile/news/home-news/16m-is-wiped-off-value-of-rangers.23131489 MORE than £16 million has been wiped off Rangers' value on the stock market in the last four months amid a battle for power in the Ibrox boardroom. Fans have seen their shares lose almost half their value since September and the latest figures suggest continuing concerns among investors over the way the Scottish League One club is being run. Rangers International Football Club (RIFC) shares closed at 31p yesterday, after reaching 30.4p at one point. That price was down 44.5% from the 55p reached in September at the height of shareholder disquiet over the administration of the club. The market value of RIFC has dipped from £35.8m to finish yesterday at its lowest in its first year, at £19.9m. The slump has wiped more than 50% off the value of holdings of fans and investors who bought into a share issue in December 2012, when they were on offer for 70p. The Rangers board won their power struggle against a group seeking change, led by former director Paul Murray. Fans believe the only people to gain are past and present executives who managed to get shares for 1p. Former chief executive Charles Green purchased five million shares in Rangers at 1p each as part of an agreement entered into on October 31, 2012. Drew Roberton, of the Rangers Supporters' Association, said the continuing share decline raised continuing concerns about the financial state of the club. "It is worrying," he said. "The devil in me says, well, that tells the investors that you reap what you sow by backing the board. "It's perhaps time for all those people who supposedly care so much about the club to put their hands in their pockets and get control of the club that way. "I would not like to think that, as some people fear, we are heading to another insolvency event." Chief executive Graham Wallace indicated that the club was entering a prolonged period of austerity at December's AGM when he, current chairman David Somers, under-fire finance director Brian Stockbridge and three directors were re-elected. The four so-called requisitioners - former Rangers oldco director Paul Murr-ay, former chairman Malcolm Murray, Alex Wilson and Scott Murdoch - all polled close to 30% of votes to scupper their hopes. But despite a mandate from shareholders, the fall-out from the meeting had Rangers supporters and fans' representatives talking about boycotts and refusing to renew season tickets. Rangers declined to comment.
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Going with his tweets, which are on another Forum, yes he is a celtc fan.
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http://www.bbc.co.uk/news/uk-scotland-glasgow-west-25653860 A man who sent racist tweets to former Rangers players Maurice Edu and Kyle Bartley has been jailed for six months. http://www.bbc.co.uk/news/uk-scotland-glasgow-west-25672182 A Rangers fan who made sectarian threats to a journalist in a podcast has been jailed for six months.
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Can't believe this at all.
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B Strange I can't see it tho' I am sure there was one, just a couple of days after the story broke. Perhaps someone can confirm or not.