RANGERRAB 3,387 Posted November 8, 2012 Share Posted November 8, 2012 I know celtc fans that don't go to savile row because of lawwell. rangers fans massively over estimate him. What do you mean by that ? thought they idolised him. 0 Quote Link to post Share on other sites More sharing options...
Guest Bluepeter9 Posted November 8, 2012 Share Posted November 8, 2012 I think the chances of them going bust are remote. It was only a freak (although perhaps not coincidental) set of circumstances involving HMRC that stopped us getting a CVA. They'll probably just go in and out of administration, I'd say... Whether they go in and out of administration quick will bedependant upon Mad Vlads Bank as they will have the voting power in a CVA. It depends if he sees Flats in Gorgie as a way of recouping his investment - and getting more that someone will put into a CVA. 0 Quote Link to post Share on other sites More sharing options...
Guest Sea Bear Posted November 8, 2012 Share Posted November 8, 2012 Far too many teams in Scotland, it will take some hard decisions and some tough/hard to swallow amalgamations, if we are pull it back from the brink. Thought this for a few year now, two in Dundee across the road from each other for example, would have thought fewer teams with the money redirected, larger league/division format would be better. Scottish football on the whole to me has seems to have been stagnating for years out with ourselves and our friends across the way, feel that the value of the domestic competition with regards to on the pitch competition has been lessened by a type of familiarity due to playing everybody so often, the challenge on the whole hasn't been there, so we suffer. 0 Quote Link to post Share on other sites More sharing options...
Guest Sea Bear Posted November 8, 2012 Share Posted November 8, 2012 Whether they go in and out of administration quick will bedependant upon Mad Vlads Bank as they will have the voting power in a CVA. It depends if he sees Flats in Gorgie as a way of recouping his investment - and getting more that someone will put into a CVA. But will the get the option with the fact that it is a wind up order by HMRC, an this is over 750k, nothing to do with their other dispute at over a million. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,578 Posted November 8, 2012 Share Posted November 8, 2012 Scottish football facing “unprecedented financial distress” Begbies Traynor survey shows another five clubs in the top three divisions now in distress, adding to four reported in April Scottish football is currently facing “unprecedented financial distress” according to a new report from insolvency specialist Begbies Traynor. The firm's latest Red Flag Alert Football Distress Survey, which was first launched in April of this year, suggests five more clubs in the top three divisions of Scottish football were showing signs of financial distress by the end of October. These latest figures show six clubs in total showing financial distress in October – two more than reported in April, with one club common to both surveys, taking the total to nine clubs in distress, according to Begbies. Scottish Premier League club Hearts revealed this week it had been served with a winding-up order from HM Revenue and Customs (HMRC) over a tax bill of £450,000. Hearts is also contesting a further £1.75 million tax bill at a tribunal appeal. The club recently launched a £1.79 million share issue described to shareholders as “emergency backing” to rescue the club, warning without fan support there is “a real risk that Heart of Midlothian Football Club could possibly play its last game” on November 17 against St Mirren. The statement from the Hearts board added: “This isn't a bluff, this isn't scaremongering, this is reality”. Begbies measures business distress signals from a range of significant financial problems. Those include clubs with serious court actions against them, including winding up petitions and high court writs; clubs that have been issued with striking off notices for late filing of accounts; those with county court judgments against them; and those with serious negative balances on their balance sheet. Begbies said the latest figures are particularly worrying given most clubs should be at their strongest financially around October after the majority of their season ticket, sponsorship and television payments should have been received. The figures show that while an average of just two per cent of UK businesses are showing such symptoms of distress, one in five of the 32 football clubs surveyed – 19 per cent - show the same degree of financial ill health. Begbies said the distress levels in Scottish football are also three times higher than the average across English league clubs. Ken Pattullo, managing partner of Begbies Traynor in Scotland, said:“Distress has actually risen since the peak of last year’s problems, and the problems go further than the widely reported issues at Hearts that resulted in a winding-up petition being issued this week. “The plain fact is that if a club is in trouble at this stage of the season, it looks very bleak for the prospects of financial survival when the cash flows are really put under pressure in the spring and early summer.” Rangers, who had to apply to play in the third division as a new club after the old club was placed into administration and now liquidation, are reported to have lifted the fortunes of the clubs playing in the third division with financial distress having fallen “significantly” since Rangers joined that league, Begbies said. Begbies adds its original Scottish football survey from April, and the updated survey to October 31, did not include third division clubs. Pattullo added: “The survey shows that the relegation of Rangers has had some impact, but lower attendances and falling revenues, and in particular reducing TV money, has given rise to the distress that is spread across the SPL and divisions one and two. “The other worrying trend is that the total number of clubs that have displayed problems, when you combine the two surveys, is nine, with five new clubs entering the financial relegation zone in the most recent survey.” Begbies said its survey of Scottish football clubs is anonymous and the clubs surveyed cannot be named. http://www.business7.co.uk/business-news/scottish-business-news/2012/11/08/scottish-football-facing-unprecedented-financial-distress-106408-23938881/ 0 Quote Link to post Share on other sites More sharing options...
amms 0 Posted November 8, 2012 Share Posted November 8, 2012 Ach, can't believe they don't name them, spoilsports. Let's guess. I'm going for Hearts, Dundee, Dunfermline, Kilmarnock, Dundee Utd, Aberdeen, Falkirk, St Mirren and Inverness. 0 Quote Link to post Share on other sites More sharing options...
Guest DietofWorms Posted November 8, 2012 Share Posted November 8, 2012 Aberdeen, Killie, St.Mirren,Falkirk and Dunfermline are all teetering on the brink. 0 Quote Link to post Share on other sites More sharing options...
johnnyk 158 Posted November 8, 2012 Share Posted November 8, 2012 would love to see the sheep go under 0 Quote Link to post Share on other sites More sharing options...
kuznetsov 0 Posted November 8, 2012 Share Posted November 8, 2012 What do you mean by that ? thought they idolised him. they do. he is the man who seen off rangers as scotlands biggest and richest club. why wouldnt they? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 8, 2012 Share Posted November 8, 2012 What do you mean by that ? thought they idolised him. I think rangers fans rate him more than many celtc fans. he is afterall taking huge wages and bonuses regardless of how they perform on the park and he won't spend any cash. he's deferred over a million quid in bonus money meaning if the want to sack him it would cosy fortunes. 0 Quote Link to post Share on other sites More sharing options...
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