swedishsale

going to be approx £50K worth of bother any minute now.

good luck. hope there is a way of turning this around while removing the current owner at the same time

Takes a wage!

it was JJ who pursuaded the players not to go to the SFL last week presumably on the back of reassurances from the Purvis guys that the wage short fall would not happen again. Now that it has the Purvis guy has probably lost all credibility of knowing what is going on and I suspect JJ will take the gloves off in terms of complains to the LMA and the SFL.

Companies House certainly does not list Mr Purvis as a Director so i think your analysis is correct.

Not sure about this promise to exchange for equity. unless it has actually happened at the point of the money being handed over or there is a contract in place then the existing board cannot bind any future board to hand over any shares at all. hope you have your paperwork sorted?

No it would not. The Club would go into admin because the Group that owns it that GM owns would also likely go the same way and it is the Bank and Brian Souter who have Fixed and Floating charges on the parent company

Fans should support the Club they support when it is in trouble, that is what Fans do, but it should be with the transparent knowledge of what (in this case) the financial support is going to and what the long term plan is to mean no more is required. Neither of those criteria appear to be being given by the Clubs board and/ or Majority Shareholder. Buyer beware!

Indeed however fottballers now have a special status in the Creditor chain which changes it a bit for them.

You have forgotten ticketUS profit margin of say 30% and I suspect it is tied to any events by any organisation at Ibrox and not just OLD or New rangers

You are correct in that you cannot make them keep you as an employee but you can make them pay you either by Compromise Agreement, or Trubuneral (if you win)

Which is what I would call a negotiation.....I will do X of you do Y etc etc

A great Gesture. But if it is correct and RFC are £10m per year over budget and with a wage bill of £1.3m per month on players only..it will be an unfortunantly empty one

It is a negotiation....and he does have choices which balance the potential risk of gettng nothing (because of Liquidation) getting a new club quickly, or just sitting there picking up wages....both sides have choices it is a matter of whether they can agree a way forward or end up going legal now or in the future

Indeed, thought i think Naismith has a year or two left on his contract so he wont go unless he is advised to just take a payoff and then get a free start somewhere down south next season. Lafferty, if he is out of contract at the end of this seaosn and currently injured would be near the top of the list for a compromise deal IMHO