Jump to content



Tom English: Rangers flunked their finances

Recommended Posts

LAST summer, when Ally McCoist’s request for nine new players was granted by his then chief executive, Craig Mather, who was at fault? This was a club that had financial problems, that didn’t have the luxury of adding players to an already gob-smacking wage bill and yet added them anyway. Who was to blame?


It wasn’t McCoist. Managers everywhere will push their luck from now until kingdom come. It’s part of their gig. They go to their boss with a sob story and a cap in hand and hope for the best. Sometimes they get a result and sometimes they don’t. And McCoist got a result. You cannot blame the Rangers manager for recruiting but you can most certainly blame Mather and his financial director, Brian Stockbridge, for allowing him to recruit.


McCoist looks after matters on the field, the others were supposedly monitoring things off the field. They flunked it. They looked at the state of the finances and either mis-read them or ignored them and added to a wage bill that was drastically in need of a cut. This, of course, has been the way of things at Rangers for far too long. Mistake follows mistake. Irresponsibility follows irresponsibility follows irresponsibility. The names change but the hubristic decision-making remains the same. Mather and Stockbridge are guilty in this instance, but only one of them remains. Quite how Stockbridge is still in his position is a wonder to behold.


That’s not to absolve McCoist, whose public comments over the past would indicate that he hasn’t fully grasped the situation he is in at Ibrox. Or maybe he has and is railing against it, like a man raging against the dying of the light. A week ago, McCoist said this about the Rangers way of doing things: “It makes sense to me that we continue to have a higher wage bill than the opposition that we’re playing against.” Higher, yes. But how many times higher? Ten times? One hundred times? A thousand times? It brings us back to the old question: why spend money that you don’t need to spend? That’s a question that too many at Ibrox – Graham Wallace, the chief executive, excluded – continue to struggle with.


McCoist, pictured left, continued: “I didn’t give the contracts out and it would be unfair of me to comment on previous people within the club who made those decisions. I would certainly not be critical of them.”


Wouldn’t be critical of them? Well, he should be. He should be very critical of them. McCoist was given permission to bring in players on wages that Rangers could not afford by executives who should have known better, executives whose decisions have landed Rangers in another desperate mess. He’s almost duty-bound to criticise them. Mather was a disastrous chief executive for Rangers but his was just another ill-advised appointment in a long series of ill-advised appointments.


The Rangers manager said on Friday that he now understands the “severity of the situation”. That’s progress at least. The first step towards fixing a problem is to accept that you have a problem in the first place. Mather never could. Others, too, some of whom are still at Ibrox.


McCoist was right in supporting his players over the pay-cut proposal but only in so far as that the cuts should have been made higher up the tree first. The executives should have taken a pay cut and should have announced it publicly.


That would have been good leadership, but good leadership is not something this Rangers board – or many that went before it – would recognise.


The bottom line is that costs must be cut – and players and suits alike need to take their share of the pain. McCoist has too many players offering too little and being paid too much. He needs to accept that. It seems he’s still struggling with the concept at the moment. And he’s not alone at Ibrox. Wallace has much work to do. In many ways he is fighting against the mindset of the club’s past in an effort to secure its future.

Link to post
Share on other sites

We have the best wages to turnover ratio in world football.


What's delusional is focusing on the players when the problem is clearly spivery. But of course that's what toxic wants and English has always been an apologist for rangers regimes. Just ask sdm.


I've said we're paying too much in these leagues since the summer of 2012.

Link to post
Share on other sites

The IPO was a success if i recall correctly.


And before you bring up bonuses etc i've said numerous times that wasn't right either.


How do you define success with regards to the IPO? Seems to me that the only thing that it was successful about the IPO was that it raised a ton of money for a bunch of crooks

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • 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.