Darthter 542 Posted March 25, 2014 Share Posted March 25, 2014 An spl title. 20 million from Europe. 40 season book holders. Income of 70 plus million. That's what it has got them. but the team hasn't improved any...some would argue it's got worse!!! The big question is....How much of those millions will actually stay in the club & how much will go to Mr Desmond??? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 25, 2014 Share Posted March 25, 2014 but the team hasn't improved any...some would argue it's got worse!!! The big question is....How much of those millions will actually stay in the club & how much will go to Mr Desmond??? Desmond is our king. My guess is none or damp near it will go to him. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 25, 2014 Share Posted March 25, 2014 Celtc pay a dividend Desmond probably takes his in shares cost ING the club zilch. Even if he took cash it wouldn't be more than a 150k at a guesstimate. 0 Quote Link to post Share on other sites More sharing options...
JTP 0 Posted March 25, 2014 Share Posted March 25, 2014 I will leave the serious worrying with regards to the finer details of his masterplan and scouting networks and should Ally remain to the others who have already mentioned them ...................... But me, right now I'm excited at the thought of King being in power. One thing I got from that, sorry two things. He loves the Rangers. And he is without doubt MINTED. I'll just enjoy this little feeling of optimism right now if I may, it hasn't popped up in a while. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,247 Posted March 25, 2014 Share Posted March 25, 2014 Celtc pay a dividend Desmond probably takes his in shares cost ING the club zilch. Even if he took cash it wouldn't be more than a 150k at a guesstimate. Desmond and certain other directors get a preference dividend every year it works out at just over 6% and is hidden away in their accounts , but it is there , it also show that these preference share are worth just over £9million and in the event of the share holders selling them , these shares must retain their initial purchase price, ie £1.25, but if your getting 6 % in perpetuity why sell 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 25, 2014 Share Posted March 25, 2014 Desmond and certain other directors get a preference dividend every year it works out at just over 6% and is hidden away in their accounts , but it is there , it also show that these preference share are worth just over £9million and in the event of the share holders selling them , these shares must retain their initial purchase price, ie £1.25, but if your getting 6 % in perpetuity why sell 6 percent in CL seasons 4 out with. Often taken as shares but not always. Regardless iirc the total payout is less that 500k. So Desmond share is less. 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted March 25, 2014 Share Posted March 25, 2014 An spl title. 20 million from Europe. 40 season book holders. Income of 70 plus million. That's what it has got them. We don't have to spend that much but our last title winning side cost 18 million in wages and 6 in player purchases. We will need to quadruple our current spend probably. SO in other words we just do what got us into this mess? 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted March 25, 2014 Share Posted March 25, 2014 It's a 40 million pound swing to Celtc everytime they win the league and qualify. Even if we never once qualified winning the league Denys them 20 million. If we make it one in 2 which is about right the numbers are vast. I'm not saying we bet on getting it. Celtc survived the years they didn't no problem. But it will be a long road back if we are spending 10 million a year on wages and them 30. A swing in what way though? They hardly ever have any net expenditure and usually sell far more than they buy. Basically the opposite of us. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,083 Posted March 25, 2014 Share Posted March 25, 2014 Some great sound-bites but no detail whatsoever. Exactly how does King intend to secure the club's future? of course money will be needed (and lots of it) but it's the business model that needs most work. What's the point in huge wage-bills if you can't afford them down the line? How much of a gamble is it to spend upwards of £30million if the club isn't stable and self-sufficient at management/board level? So many questions and despite all today's media coverage, still very few answers. Can't say I'm either confident in nor inspired by what appears to be the business plans of the Board and King, don't spend and hope versus spend and hope Though in fairness to both sides far more meat needs to be put on the bones before we can reach a definitive position. If I were to run my business with either option I'd be well f*&ked. Very interesting indeed that Dave King's insinuating Charles Green is still a significant shareholder in that Q&A with Keith Jackson. Whole episode is deliberately opaque all we know is that he has at least one share less than 3%. In his own name anyway! 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 25, 2014 Share Posted March 25, 2014 SO in other words we just do what got us into this mess? If king had put in 50 million we wouldn't be in this mess. Ps this mess was caused by whyte stealing 20 million. Nothing else. When he bought us we were champions elect with a better balance sheet than Celtc. 0 Quote Link to post Share on other sites More sharing options...
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