Rangersitis 0 Posted September 3, 2014 Share Posted September 3, 2014 Given that prices have risen 15%-20% then compared with last season, 23,000 current St holders would equate to about 26,500 - 27,500 last season, lets say 27,000 for the sake of argument. So that would mean a loss of almost exactly 25% compared with last season in monetary terms. That might mean that your "loss" is around £3.3m rather than £4.5m, so perhaps £350,000 -£360,000 per month for 9 months. However, that isn't the way the club would look at it. They will see the loss of revenue as simply 10,000 less fans at current prices, not compared with last season's prices. After all the point was made that after the 33% reduction in 2012 there was no increase in 2013 and an increase was required this year. The assumption would be, I think rightly or wrongly that the increase in prices would feed through to an increase in revenue, not make up for falling sales. The budget, assuming there was one, would be based on last season's sales (or perhaps even more as per the statement in the accounts) at this season's prices, so the downturn in sales will be all the more acute in revenue terms. It was known since mid-December that a ST boycott was on the cards, and the damage that could do was acknowledged by Sandy Easdale. Would it not have been prudent for them to be proactive way back then? 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted September 3, 2014 Share Posted September 3, 2014 It was known since mid-December that a ST boycott was on the cards, and the damage that could do was acknowledged by Sandy Easdale. Would it not have been prudent for them to be proactive way back then? Perhaps but what exactly could they have done? They couldn't increase prices mid season or cut players wages (though they did try and fail). Where else could they have increased revenue or cut costs in a meaningful way? There have to be questions about the player acquisition policy this summer but that's another matter. 0 Quote Link to post Share on other sites More sharing options...
gisabeer 409 Posted September 3, 2014 Share Posted September 3, 2014 i wouldnt invest 30 million in the club at this given moment if i had it. were talking about a group of shysters who rattled 70 mill in 18 months, and they have the bloody cheek to come out and ask for more. Administration is inevitable and the fans should speed things up by not going to games. they will strip the place bare untill there is nothing left. They dont give a flying fuck about Rangers Football club. There are still far too many people who still dont realise this. Clinging on to their loyalty to the Rangers, oblivious to whats actually going on. blind stupidity if you ask me. they'll notice though when we have a carcass left for a club. 0 Quote Link to post Share on other sites More sharing options...
gisabeer 409 Posted September 3, 2014 Share Posted September 3, 2014 Perhaps but what exactly could they have done? They couldn't increase prices mid season or cut players wages (though they did try and fail). Where else could they have increased revenue or cut costs in a meaningful way? There have to be questions about the player acquisition policy this summer but that's another matter. They could have not employed a Mr nash on 200 grand a year. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 3, 2014 Share Posted September 3, 2014 Perhaps but what exactly could they have done? They couldn't increase prices mid season or cut players wages (though they did try and fail). Where else could they have increased revenue or cut costs in a meaningful way? There have to be questions about the player acquisition policy this summer but that's another matter. Not hire yet another suit for the PR department. Get rid of all the players that the manager had no intention of using. Not buy any more players for an already bloated squad. Get in the investment that was claimed to be available. Refrain from lying to the support about there being enough cash until season end. Manage to read from the same script where the threat of administration was concerned. I'm positive that there are plenty more that I have missed. 0 Quote Link to post Share on other sites More sharing options...
jhunter 0 Posted September 3, 2014 Share Posted September 3, 2014 If the potential investor who 'has declared the willigness to invest £30m' would acquire some sort of shareholding then we might have more grounds for optimism. why would you buy shares "piecemeal" - i.e. without gaining control in a failed business? 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 3, 2014 Share Posted September 3, 2014 why would you buy shares "piecemeal" - i.e. without gaining control in a failed business? Good luck there. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 3, 2014 Share Posted September 3, 2014 (edited) Given that prices have risen 15%-20% then compared with last season, 23,000 current St holders would equate to about 26,500 - 27,500 last season, lets say 27,000 for the sake of argument. So that would mean a loss of almost exactly 25% compared with last season in monetary terms. That might mean that your "loss" is around £3.3m rather than £4.5m, so perhaps £350,000 -£360,000 per month for 9 months. However, that isn't the way the club would look at it. They will see the loss of revenue as simply 10,000 less fans at current prices, not compared with last season's prices. After all the point was made that after the 33% reduction in 2012 there was no increase in 2013 and an increase was required this year. The assumption would be, I think rightly or wrongly that the increase in prices would feed through to an increase in revenue, not make up for falling sales. The budget, assuming there was one, would be based on last season's sales (or perhaps even more as per the statement in the accounts) at this season's prices, so the downturn in sales will be all the more acute in revenue terms. I think we're probably both getting way too far into the realms of speculation with these ticket revenue projections because nobody at this point in time has any idea what the average ticket sales per match are going to be over the course of the season never mind what the overall revenue from those sales is going to be. The bottom line though, is that this new board which was very purposely assembled in November before the AGM in December has categorically failed to notably cut the Club's cost base as Wallace immediately said was needed when he arrived and repeated numerous times in interviews and statements after his appointment. Not only that, but they also knew almost immediately after their appointments, that they were going to need to bring in significant investment to see the Club through this 2014/15 season because the Club was running at a significant loss and they were never going to be able to cut the cost base enough to remedy that problem. It could be argued that the only thing they've actually done RIGHT since their appointment to the board/s in November is get rid of Green & co's so-called financial expert Stockbridge (for definition of expert in his case see 'liar' or 'book cooker' rather than bookkeeper), but they didn't even get that one right because they appeared to pay him off with a 100% bonus which they'd previously assured us he wouldn't be getting! What else have they done right? Well they claim they got rid of Media House and yet Toxic Jack is still to this day apparently working closely with & for the Easdales spinning their PR to the Scottish mainstream media. Not a big deal if we were only talking about a couple of brothers and their <5% shareholding, but they hold proxy voting rights for about 27% of the company. Let's look at Wallace's fudged attempt at player wage cuts. He apparently calls in Ally & Jig for a chat about it and the result ends up in Jig being asked to go and speak to the players about taking wage cuts which was never going to work in a month of Sundays because Jig is neither their boss or their employer. What about the "Ready To Listen" campaign? Complete waste of time and money. Anything else? Oh aye, what about Wallace & others on the board appointing/hiring a new PR guru and his PR consultancy firm the very day before the release of the laughably predictable and moonbeam-filled 120-day 'Business Review'? So what have they got right in over 9 months since they were appointed? Signing players like Boyd & Miller to try to bump up the ST sales when the Club clearly needed to cut it's costs and is now nearing a point where they won't even be able to afford to pay them? Dear oh dear! You could go on and on and on with the list of their failures because I haven't even started with half of it, but NO! It's all the fault of DK/SoS/UoF and those who chose (personally, not because anyone told them!) not to renew their season tickets. Edited September 3, 2014 by Zappa 0 Quote Link to post Share on other sites More sharing options...
craig 5,195 Posted September 3, 2014 Share Posted September 3, 2014 It really is a very simple question to answer..... If this Board were doing the job they were employed to do.... would there be 12,000 fewer ST holders this season ? The answer is an unequivocal NO. They are not fit for purpose - and THAT is the reason that the ST holders have walked away, not because of what Dave King/UoF/SoS have said. Again, simply put, had the custodians done what they should have done for the club we would still have 30,000+ ST holders. It is disingenuous to lay the blame on Dave King. His words were simply that, words. Had the Board progressed the Club the way they should have then the fans would have supported the Board. They don't trust the Board so have voted with their wallets. Simples. 0 Quote Link to post Share on other sites More sharing options...
compo 6,100 Posted September 3, 2014 Share Posted September 3, 2014 oh for the good old days when you didn't even know who the directors were or even cared it was all about football , now the club is just an item on some investment portfolio 0 Quote Link to post Share on other sites More sharing options...
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