RANGERRAB

Are you for real Rab? Have you seen the ins and outs? The costs that need cut are the footballing costs. The huge football related wage bill.

The wage bill compared to turnover is not excessive

With Wallace it's a case of physician heel thyself surely?

Reducing his remuneration alone will not solve much.

Everyone wanted a big name CEO. The reqs were talking about Purslow.Did you expect him to work for peanuts?

The consortium put money in to buy us in the first place

Whilst the so-called Rangers men stood on the sidelines and did nothing........

Paul Murray's TBK were a laughing stock and McColl's bid was far too late in the day

Ahmed made so much cash he can afford to spend 25k every couple of weeks trying to go to court to put us out of business

And failing too

Bain was running a club with a £68m turnover not £17m and in any case if Wallace gets his full bonus then he'll have a greater remuneration than Bain ever got.

Bain was a joke whichever way you want to look at it. His background was irrelevant for the job.Unless I'm mistaken Bain got around £600k p.a. Which is what Wallace will get with full bonus provided he meets targets

It was never necessary to spunk £70m to get promoted from the fourth and third tiers of Scottish football.

Perhaps not and that is why Wallace needs to drastically reduce the non-footballing costs amongst other things

And got every penny back.

Really who gave them it back ? Is there any documentary evidence?

The CEO of Man City collects £200k less than Wallace stands to trouser for a year.

 

Of course I'm saying they're blatantly overpaid as is the manager and a whole host of others too.

Only if Wallace gets his full bonus which I suspect he won't.He will still be getting less than Martin 'bloody' Bain was getting and he was useless.Liewell had him on toast

It's all just spend, spend, spend with us we learn nothing from our boardroom shenanigans or our woes on the park the solution is always just spend some more money..........

If we want back to the top division ASAP and back into Europe in the shortest possible timescale then it was always going to be like this. We were never going to make money going up the leagues

Three out of the four have been paid by RIFC although it appears one has refunded their monies.

 

Pay me £10k for a month or part thereof for two months then £5k a month thereafter for 1-2 days per month and I'd easily bung £8400 towards some shares too.

Unless I'm mistaken Somers and Crichton bought their own shares? And the Easdales have put their own money in too?

How much has DK put in ? Or Paul 'I was born to be a Rangers director' Murray?

Are you suggesting these directors are overpaid in some way? I think you'd find directors at similar sized clubs would be more or less have the same remuneration.

Van Gaal will need at least 5 or 6 world class players for next season.

The main difference is nobody has laid a letter before claim upon them, and the auditors don't mention either a contingent liability or emphasis of matter regarding them in the account.

 

The principle is the same the board are willing to give security over assets when it suits them.

And they have quite categorically stated the stadium will not be used as security. You did read that bit?

probably why the board haven't replaced him. he runs great interference for them.

 

king on the other hand would have to worry about his cash being spent wisely. this lot haven't put a penny in.

'This lot' haven't put a penny in? The Easdales, Somers and Crichton all own shares.

Buying shares shock horror

do you think this might catch on perhaps ? will others do likewise?

The ultimate aim IMO is for DK & the Murrays double act to get control of Rangers without investing a penny.

Whether the AIM stockmarket rules would allow DK on a UK board with his previous tax issues in SA is one issue and whether SFA insolvency rules would permit PM onto the board is another

So fans aren't allowed a view on the board unless they're shareholders?

 

It's easy for Somers to do it as he has all the inside information, cashflows, management accounts etc, and can influence the way the company is run. I can't see what's attractive for anyone else without that information.

It was a sarcastic reference to DK & his merryband

Doubt very much if McCoist(or whoever is manager next season) will be allowed to sign players with no resale value again

Big, big difference between an empty hoose and carpark being used to secure funding and the stadium & MP.

If you can't realise that then..............well I don't know

Buying shares in the company. Wonder if the noisy hecklers and bystanders will do likewise

The board should be embracing the UoF scheme.

 

They have no plans to use the stadium as collateral or to sell it. Fans are deserting in droves and the UoF are trying to get people to buy season books.

 

A sensible board would be saying look. Buy a season book and we will give you ibrox. Secure the home of Rangers.

 

People would flock to the scheme if they knew it would work.

 

Ticket sales would be huge. V

Not a chance directors would hand over such an asset to a third party. Dream on............

They've a legal responsibility to protect company's assets

Are Heggarty and Perry any worse than Moshni & McCulloch?

YES is the short answer to that one

Alasdair Lamont ‏@BBCAlLamont 29s

 

Rangers QC says even if ST sales slump, institutional investors have indicated they'd step in to avoid prospect of insolvency event.

oh dear the SoS &UoF won't like that

which is why refusing dave kings 50 million is crazy.

YAWN..........here we go again............if he really did have this 50million(GBP I presume) the board would be gone in an instant

Look, I've got an exam tomorrow & I'm not spending an hour crawling through the financials of the last two years to get your forensic proof. As for Rab agreeing, he's spent two solid years posting fantasy about Manus Fullerton and now he wants proof? At least when I post my paranoia about being run by Tims I don't expect anyone to challenge me to prove it!

FWIW I am extremely suspicious of Fullerton. All I want to know is whether he(as head of LBG's Scottish business banking division at the time) had any input in the ridiculous sale by SDM to CW. Knowing where is football allegiances are did that influence things because CW was a car crash waiting to happen as the then Rangers chairmen AJ stated vociferously at the time. SKY business editor Jeff Randall too.

Perhaps the ongoing police investigations & the Insolvency Service investigation will provide us with all we need to know

The accounts certainly don't make pleasant reading, but where is the proof that the cash in going into certain shareholders pockets???

And this is, of course, the gameplan by the UoF, SoS etc to try and make out the club is being robbed by its owners without any actual documentary evidence.

Oh and I nearly forgot.........to replace the board with the Murrays & DK without investing a penny of their own money.