11 Sep 2024 07:23:03
The negativity around the club is deafening but as for the board resigning that's not going to happen. People need to buy the board out and these men will want a premium price for what can only be described as a poor faulty product which is not in the minds of non rangers affiliated businesmen.
Do I believe the current owners need to look at selling?
Yes i do unfortunately there pockets are not as deep as there support for the club and that is what has harmed the club.
11 Sep 2024 08:02:46
Can't really argue with that?.
11 Sep 2024 09:02:10
Not totally convinced by your argument asathor, we have spent money but very poorly. The thing about this board is they are all Rangers fans and that’s incredibly important. The wealthy group come and start running up debt against our assets which is what they do if it goes badly what then.
11 Sep 2024 09:40:34
Asathor, do you not think this transfer window was more about the selling of the club in the near future
They have cut wage bill drastically
Dropped the euro wage to income percentage
Brought in some future sellable assets
Everything there is what is part of sellling your business
If the team can gel to win 3 games against Celtic then they can win the league as I do not rate any other teams in Scotland to be honest, yes we need to beat them but even as we stand that should be expected.
11 Sep 2024 10:38:52
PC has said the club is running with an annual 12m loss. That’s not good business and unless you are a blue nose with billions, you ain’t going to sign up for that.
11 Sep 2024 10:43:50
they can sell but only get money to themselves, no guarantee someone buying the shares would put anything extra into the club.
11 Sep 2024 11:10:03
why should the board continue to put their hands in their own pockets to fund the over-extravagant spending of the club. No other company does this. they need to get the club into a position where it is self-sustainable and fans need to realise that this is what is happening. Any buy out or investment wouldn't result necessarily in further investment so that wouldn't change it. Asathor do Brann directors continually put their own funds into their club or do they have it running on an even keel which doesn't require it?
11 Sep 2024 11:11:20
Not just not deep enough pockets asa there decision making at times is truly worrying.
11 Sep 2024 11:56:22
he was talking about Genk having an annual loss of £12 million not Rangers.
11 Sep 2024 12:00:44
Angus is not more or less the same board who have put us in this postion with extravagant spending over the past year and half?
11 Sep 2024 12:09:43
Angus we put initial capital investment into the club and run a profitable business not based on loans.
I agree decision making at boardroom level is key but initial capital to provide means for success and reward is paramount.
11 Sep 2024 13:02:53
the unfortunate thing is that the initial capital they all put in was to cover operational losses in the last 12 years. the current board is trying to right the wrongs of Park etc where we were running at 10M over staff budget which doesn't help financially or indeed keep us on the wrong side of FFP.
11 Sep 2024 13:23:30
agree Asathor but they have put capital into the organisation it just has been spent on trying to get the club back to where we were pre-2012, some may argue wrongly spent but I think the ideals behind it were right, i. e. they were trying to reach that point of recovery. they have now realised that this isn't the right business model so that capital will be what the club brings in through turnover. By reducing the wage bill this year and making other savings they may have reduced or removed the £10.75M additional costs Bennett mentioned a while back and it may be that this creates additional capital short-term.
Brann have the model we aim for or something like it but that takes time.
11 Sep 2024 13:56:11
Is it not loans the board members give? Confused by this some say it is, some say it isn't, can anyone clarify? Always thought it was loans with interest.
11 Sep 2024 14:07:40
Did we not save 12 million a year in wages now from the above sales, and new players in, massive plus for the club.
11 Sep 2024 14:21:33
John bennet is getting 4/ 6% interest on the money he's put into the club.
11 Sep 2024 14:56:42
Surely he isn't the only one o. w?
11 Sep 2024 15:03:17
4% one Walter unless the idepndently accounts r wro.
11 Sep 2024 15:21:58
most of the loans were converted to shares i believe but it was still to keep rangers ticking over.
11 Sep 2024 15:47:52
Geesa that's the problem with loans converted to shares, it dilutes the shareholding.
When I invested in my club along with our current board we invested our capital with an agreement that we would take no dividends for 10 years to establish a basis for continual success that in turn create a stable platform for profits.
11 Sep 2024 15:50:56
In order to continue to deliver the infrastructure improvements, we're going to need capital from somewhere.
I suspect it will be from new investors as opposed to the existing board again.
11 Sep 2024 16:09:40
So when fans say they are putting money out there own pocket it isn't really true because one way or another they get it all back and then some?
11 Sep 2024 16:17:59
EHL I suspect the infrastructure improvements will come from the wage and other savings unless there is a further share issue, thus diluting the share value people already have.
re loans I think they were a mix of repayable and share conversion. also they may well be getting 4% in interest but for us to borrow form lenders would cost more and if JB invested even in a high street bank he would have earned more. He isn't ripping us off by doing that in fact you could argue he is doing us a favour. Loans are a way for them to put capital into the club but not break the rules on us using it for football purposes and not just infrastructure.
11 Sep 2024 16:37:07
Many of our Board members have put an awful lot of money, that many cannot afford into the club, as the Manager at the time was demanding more spent on transfers than we could afford. The hope was that the Directors money would make us more successful than Celtic and players could be sold at a profit. The players disappointed and didn’t achieve enough success in Scotland and hadn’t the expected resale value . This contributes to this year’s problems as Directors cannot afford more loans and we are still struggling to break even.
11 Sep 2024 16:54:24
My way of thinking is that this notion of having a divine right to win a game has to end, only a total desire to win shown by our players will get us there, no amount of money spent on so called good players will help our cause, GUTS, that's what's needed.