[Official] John Bennett steps down with immediate effect for health reasons

[Devil's advocaat 1,814]

Lots of fans seem to think a foreign investor is the be all, the likes of Man City went through a few dodgy investors before they found success (which may yet come back to bite) and Everton are on a similar path.

[CammyF 9,291]

6 minutes ago, Devil's advocaat said:

Lots of fans seem to think a foreign investor is the be all, the likes of Man City went through a few dodgy investors before they found success (which may yet come back to bite) and Everton are on a similar path.

It was interesting to hear the interim Chairman speak publicly and admitting that we do need investment and that they will listen to any offers of external investment (which doesn't automatically mean foreign investment).

 

Off course circumstances would have to be correct but it appears they are open and seeking external investment. 

 

As said above, his public interview skirted around the questions on investment but his RTV interview was more clear. 

[Gonzo79 15,299]

I don't think the club being open to investment is particularly revelatory.  I'd imagine any club running at a loss would be, to some extent. 

[CammyF 9,291]

2 minutes ago, Gonzo79 said:

I don't think the club being open to investment is particularly revelatory.  I'd imagine any club running at a loss would be, to some extent. 

Nobody is saying that it's revelatory, but it's the first time we've heard a board member talk about it publicly. 

 

The current board have previously shied away from talking about on-going issues so it was great to hear JG publicly discussing them, taking accountability for the errors made and looking at ways to improve the club.

 

Maybe that's the revelatory part. 

[Devil's advocaat 1,814]

Edit, my bad, missed a post.

 

Edited September 24, 2024 by Devil's advocaat

[RANGERRAB 4,060]

3 hours ago, Bluedell said:

It's interesting that you use the term "required investment". We need more money for the team but any money that we get as investment won't be available for the team, as I understand FFP.

 

It seems to me that any additional investment would be nice but it's not going to improve things on the park, and it also makes it more difficult to attract investors as they'll know their money won't make a massive difference.

 

 

Yeah, seems like they've had to start from scratch again and it'll take time for candidates to be identified and interviewed and then notice given. May take a while.

I thought FFP was now FSR and clubs could incur losses up to €60m losses over 3 seasons & wages/transfer fees paid out were no more than 70% of income?

Edited September 24, 2024 by RANGERRAB

[RANGERRAB 4,060]

1 hour ago, Gonzo79 said:

I don't think the club being open to investment is particularly revelatory.  I'd imagine any club running at a loss would be, to some extent. 

Investment (or funding as I’d prefer to call it) can be from 2 sources as I see it;-

 

1) the current board which seems unlikely 

2) external sources who will probably want control/ representation of some sort

 

Given the current board are unwilling to give up power to anyone including new investors then we appear to have a standoff where we wait until our financial health makes a miraculous improvement or if it doesn’t the board depart & allow new owner(s) come in with funding. A takeover in other words

[Bluedell 6,054]

41 minutes ago, RANGERRAB said:

I thought FFP was now FSR and clubs could incur losses up to €60m losses over 3 seasons & wages/transfer fees paid out were no more than 70% of income?

Thanks. I can never get my head around all the restrictions (and will continue to refer to it as FFP). Given additional investment isn't going to increase income per se, and we're limited to transfers/wages being 70% of turnover then receiving £100m won't vastly increase our spending power.

[Bluedell 6,054]

42 minutes ago, RANGERRAB said:

Given the current board are unwilling to give up power to anyone including new investors then we appear to have a standoff where we wait until our financial health makes a miraculous improvement or if it doesn’t the board depart & allow new owner(s) come in with funding. A takeover in other words

My guess is that they would be under the right circumstances. There's been over £60m put into the club over the past 7 years so it doesn't make sense for them relinquish control for someone coming along and investing, say, another £30m.

 

They also be reluctant to give control to some American venture capitalist who would look to maximise their own return over the performance on the pitch.

[Gonzo79 15,299]

There's always a tightrope for any club looking for investment and given our recent history, we're right to be wary about who wants want.

 

I think we have every right to be critical about failings since 55 but at the same time, these guys have put their money up and are Rangers men.  We need to get significantly better at recruitment (on and off the field).