Rangers International Football Club PLC Annual Report

[Sutton_blows_goats 5,203]

7 minutes ago, buster. said:

Someone should have told the players.

 

 

I keep banging on about this, but I'd love to know how the win bonuses compare for European successes against domestic success. The 'over performance' in recent seasons v 'under performance' in domestic competition cant just be down to playing staff feeling like it.

 

 

[Gonzo79 15,158]

29 minutes ago, compo said:

Giving up to easily 

Yes, the team do seem to have done so, given yet another hiding at the Piggery, another loss at Kilmarnock and a raft of abject performances. 

 

One goal away from home in four matches.  

Edited Wednesday at 11:16 by Gonzo79

[Devil's advocaat 1,517]

I'm not sure a player when going for a 50/50 ball, or a foot race with an opponent is ever really thinking about how much cash he'll get. I think if there's a crackling atmosphere, and fans roaring him on, then there may be an extra motivation, compared to playing in a flat atmosphere. 

[Frankie 8,531]

Very concerned with these.

 

Yes, one can suggest the debt can be wiped out via investment and/or player sales but investment may need to be returned and/or we don't have a huge ream of players ready to sell for big money.

 

Add in a board (or at least a partial board) that seem to struggle then there's not a lot of positivity to take from these figures.

 

It's no wonder we've struggled to appoint a CEO if any prospective candidates wanted a look under the bonnet. 

[Bluedell 5,601]

3 hours ago, Gonzo79 said:

I can't agree.  We have actually assisted Celtc lord it over us for the foreseeable future (with our coefficient points), which is horrifying.  I spoke to a yahoo a few days ago who told me he's getting bored with how easy it is for them.  

 

Just like our Scottish Cup semi final win in 2016, I find it quite easy to dismiss these potentially great memories when ultimately, we fail to pick up the trophy.  

Obviously different fans have different priorities and get different levels of enjoyment. For example the NIAR win at Dundee Utd would feature very highly for many fans, but although I was there, it was something that was expected and it's not a game that would feature highly in my lists of great Rangers moments.

[Gonzo79 15,158]

8 minutes ago, Bluedell said:

Obviously different fans have different priorities and get different levels of enjoyment.

True and I would never criticising anyone for taking your stance.  Some of the evenings on that run were terrific - great times.  

A weird one for me is us winning the treble against that lot in '99.  You'd think that would be up there - I was at the match and can't remember being particularly excited when we won.  I think a lot of it boils down to expectations: we fully expected to beat them that day, whereas none of us expected to overcome Dortmund in '22.  

 

Back to the here and now though, I still think Gerrard's decision to hold on to the bulk of the 55 squad was a bad one. 

Edited Wednesday at 12:48 by Gonzo79

[der Berliner 3,716]

1 hour ago, Devil's advocaat said:

I'm not sure a player when going for a 50/50 ball, or a foot race with an opponent is ever really thinking about how much cash he'll get. I think if there's a crackling atmosphere, and fans roaring him on, then there may be an extra motivation, compared to playing in a flat atmosphere. 

... somehow, I had an instant reminder of 55, i.e. the season we played in front of empty stadiums.

 

Anyway, I leave these numbers and projections to others. Mainly because I can't change anything about it, have at best a basic knowledge of what they "might" mean, and being too old to worry about other people (with probably not much more knowledge than me) going ballistic (one way or another). 

 

I do believe that those at the helm try to do their best for the club and won't go into any greater detail (for obvious reasons) about what is going on financially (e.g. litigation). Most of them, albeit business-men, are Bluenoses too, who will try to safeguard the club from any future harm. Idealistic maybe, but that's MHO.

 

As pointed out before, we failed to cash in on our star-players (Kent, Morelos, Tavernier, Goldson etc.) at the height of their game, and IMHO, that's not due to us not wanting to sell, but there were simply no offers. Which begs the question: were they really that good? That's all past, though.

 

In the here and now, the main way to get income is getting into the CL, whether we're getting hammered or not does not matter ... in regard to the business topic. Once we get our finances in order, we can look after European results again. And, truth be told, we'll be also-rans in the CL for years to come.

 

Our biggest failure since the start of last season was not to capitalize on the Scum's bad run at the end of last season, but instead throwing the title away within 14 days. It cost us direct entrance to the CL (and its riches) ... and the way our transfer window went, getting there through the qualifiers was hopeless. For much of the latter, I still blame the management, as they - like this season - stubbornly play the "Plan A system" no matter what, toiling and failing time and again. 

 

The straits look pretty narrow these days ... (at least from the perspective of an average Bear)

[Bluedell 5,601]

1 hour ago, Frankie said:

Very concerned with these.

 

Yes, one can suggest the debt can be wiped out via investment and/or player sales but investment may need to be returned and/or we don't have a huge ream of players ready to sell for big money.

 

Add in a board (or at least a partial board) that seem to struggle then there's not a lot of positivity to take from these figures.

 

It's no wonder we've struggled to appoint a CEO if any prospective candidates wanted a look under the bonnet. 

These results could be forecast 5 years ago. We need to supplement our income with player sales and aren't doing that regularly enough. Another option is for us to reduce costs significantly which would presumably reduce the playing quality (even further). We seem to be going back to the Murray model of just hoping something (a Patterson, Bassey or Seville) will come along and help us out of a hole.

 

Will the accounts look much different in 12 months time? Any salary savings and additional Euro income would be offset by the additional costs of Hampden and the loss of £5m of one-off income, although we should save the £4m of settlement costs. It'll be an 8 figure loss again

 

And what about the following year?

 

At some point we're going to hit another brick wall, and we'll need to reduce player purchases significantly and reduce the wage bill a lot more than we have already, as the trading model that we were promised has disappeared and the board don't seem to have any answers other than to thankfully continue to support us through loans and funding.

 

[Bluedell 5,601]

6 minutes ago, Gonzo79 said:

 

A weird one for me is us winning the treble against that lot in '99.  You'd think that would be up there - I was at the match and can't remember being particularly excited when we won. 

Again I'm the opposite. The only game that comes close to Leipzig for me is winning the league in 99, which was done on their patch and had the added bonus of them humiliating themselves both on and off the park.

 

Maybe the fact that I was there added to it in a way that Helicopter Sunday didn't as I was watching that on the TV.

[buster. 5,096]

1 hour ago, Frankie said:

Very concerned with these.

 

Yes, one can suggest the debt can be wiped out via investment and/or player sales but investment may need to be returned and/or we don't have a huge ream of players ready to sell for big money.

 

Add in a board (or at least a partial board) that seem to struggle then there's not a lot of positivity to take from these figures.

 

It's no wonder we've struggled to appoint a CEO if any prospective candidates wanted a look under the bonnet. 

Its not a surprise, it is Groundhog day.

 

We are a serial loss making concern that for decades have been looking for answers to avoid and ways to support the on average, 10 Million pound habit.

 

It is tied in with currently unrealistic expectation levels that demand an almost instant hit.

 

 

Post balance sheet items would point to same again, next year.