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Big Rangers Administration/Liquidation Thread - All chat here!


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Is the cash only thing for tickets a joke?

What are they? A dodgy decorating firm?

They just plummet to new depths of bizarreness every day now. What a fucking joke of a club :lol:

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Most of the review is gloomy, or wishywashy "doing more with less": yet their target is top 2 in SPL in 2015-16 and winning it plus challenging in Europe for 2016-17?!?!

Someone on KerrydaleStreet summed it up well...

It is in sort of two parts , 1. We are up shampoo creek, 2. Then a wish list.

- thorntontic

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This isnt the official review surely ?.

Authorities need to get involved now, this is a complete joke.

Aye, I'm sure Regan and Ogilvie will be booking their holiday as we speak.

These cretins are highly complicit in this clusterfuck.

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It would have been quicker to write "A big boy did it and ran away. P.S. We'll win the league in 3 years."

Credit Card companies refusing to deal with them means the credit card companies don't want to end up having to refund lots of transactions. Essentially they think Rangers are fucked.

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§ The Club acquired a number of players in Summer 2013 that, based on financial forecasts, it should have known that it could not afford.

The first team squad has the second highest wage bill in Scottish football for a team currently playing in the third tier. The total player wage cost is well in excess of the level it should be primarily due to generous and poorly structured contracts that were awarded to some players when they joined the Club.

:lol:

£2 million was invested in capital purchases that were non essential and have not generated incremental income. In particular the purchase of Stadium Wi-Fi, LED displays and Jumbo Screens used cash that could have been retained to sustain current operations.

:lol: :lol:

§ There is no proper talent identification and scouting operation in place for professional players and at the time when investment in playing talent needed to focus on identifying value acquisitions, the Club dismantled its scouting and recruitment network.

:lol: :lol: :lol:

Season 2015/16 - Re-establishing the Club in the SPFL Premiership with a top two finish and the ability to challenge for the title

:lol: :lol:

Season 2016/17 - Target to be SPFL Premiership Champions and establishing the platform to be competitive in UEFA competition

:lol: :lol: ..........stoap it! ma sides!

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"A current example of the difficulty being faced by the Club, and which will regrettably impact upon supporters, is that for next season supporters will now be unable to pay for their season tickets by credit or debit card. The Club's merchant acquirer, which processes credit and debit card transactions, has advised that it would require extensive security, including standard security to be granted over Ibrox Stadium and an insurance policy at considerable cost to the Club, to protect itself against any potential liability arising from passing on monies from season ticket purchases ahead of next season's matches.

The Board believes that one of the major factors influencing the merchant acquirer to change its terms was the extensive negative coverage of calls in some quarters for supporters to refrain or delay purchasing season tickets.

As previously stated, the Board has no intention of granting security over Ibrox and therefore has regrettably decided that for the current season ticket renewal process it will proceed with direct payment only to the Club by way of bank transfer, cash or cheque payment. Any supporters who are on the automatic renewal scheme will not have their tickets renewed automatically and will also require to renew their seats individually."

in other words, we don't have any credit facilities, cos the banks don't trust us to survive, now our credit processing supplier doesn't trust us to make it through next season, in which event they'd be liable for refunds to season ticket holders.

Edited by Happy Buddie
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Most of the review is gloomy, or wishywashy "doing more with less": yet their target is top 2 in SPL in 2015-16 and winning it plus challenging in Europe for 2016-17?!?!

I thought that sounded a bit odd too - I think, internally, they'll be well aware that they've no chance of meeting these targets. But they have to make these noises otherwise they run the risk of losing more season ticket renewals.

Would have been hilarious if they'd given security of Ibrox on to the merchant acquirer and then most of the fans went with Dave King's scheme, though.

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