Granny Danger Posted April 26, 2014 Share Posted April 26, 2014 1. Graham Wallace claims one of the key reasons that credit and debit cards cannot be used to purchase season tickets was the Dave King inspired 'Trust': ...Wallace told fans and shareholders in his review: “The board believes 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.” 2. It transpires the Rangers board were told by First data in January that they would not process these sales without security. This is before the idea of the 'Trust' was first mooted. Wallace was brought in to give Rangers a level of credibility yet has been caught out in a blatant lie. He should resign or be sacked for such a distortion of the truth. No sensible person will believe another word he utters. 0 Quote Link to comment Share on other sites More sharing options...
Bing (2) Posted April 26, 2014 Share Posted April 26, 2014 0 Quote Link to comment Share on other sites More sharing options...
Dunning1874 Posted April 26, 2014 Share Posted April 26, 2014 Perhaps they're willing to take the gamble and genuinely believe that if the season ticket money does come in and they can make it to another share issue that they can avoid administration altogether, whereas they feel that rather than simply allowing them to shed debt and high earners then carry on, administration carries a strong likelihood of leading to liquidation. I'm entirely speculating here, but it could be the logic of not going for administration right now while the points deduction will make no difference. 0 Quote Link to comment Share on other sites More sharing options...
thelegendthatis Posted April 26, 2014 Share Posted April 26, 2014 However, to sell shares, there has to be someone willing to buy them It's not like cashing in chips on the way out of the (super) casino. If no-one wants to buy them, you're stuck with them. Everything has a price. There will always be someone willing to buy, assuming the price is low enough and the possible return is high enough. We have had Chucky in the past, and the way things are going we could well have Chucky II or even a Craigy II. He won't necessarily wear the same cheap Matalan suits as Chucky, but he will have similar ethics and honesty. Know what 'we are the people' means, and understand who the enemy is. Be able to haver on about everyone being jealous of the mighty Gers, and how we must boycott them. No money required, just enough to bribe a Rangers legend to stand beside you and sit with you at games.Plenty out there who could do with a few used tenners in their back pocket for such an easy gig. Nationality not important, but critical to have an anonymous history that is difficult to research. If you came from Brazil, China or Russia would be ideal as the fans would jump to all sorts of idiotic conclusions about your wealth. Talk about having access to millions, but avoid the term 'off the radar'. Come on Vladimir, Gustavo or Wei, let's have you. Your time is real soon now. 0 Quote Link to comment Share on other sites More sharing options...
Jim Leighton Posted April 26, 2014 Share Posted April 26, 2014 (edited) He said the was "a little under £3.4m" in their account at present. In my bank there is 'a little: under 3.4 million' as well. Damn that missing colon! Edited April 26, 2014 by Jim Leighton 0 Quote Link to comment Share on other sites More sharing options...
L. Brilliant Posted April 26, 2014 Share Posted April 26, 2014 It's interesting that the accounts show £5.5 million spent on "Purchase of the Club", whereas it was actually spent on purchasing the assets of the failed club/company - there was no club left to purchase. SCM = Same Club Myth This should have any sensible reader raising an eyebrow 0 Quote Link to comment Share on other sites More sharing options...
Stag Nation Posted April 26, 2014 Share Posted April 26, 2014 They will get ST money , prize monies? , some commercial sponsorship payments ... but they will rely heavily on ST monies and they will fail primarily because .. a) a percentage of fans will buy into King's scheme. b) a percentage of fans cannot afford to pay upfront in a oner, especially those that buy tickets for their family c) a percentage of fans do not trust them not to enter administration The share issue has to be planned for months in advance before any cash comes in ... the monies brought in before then have the monthly running costs, wages , player bonuses before August comes round ... and given all the legal framework and legislation that applies to share issues, it is far too late- it must be at least 6 months away .... minimum. Also any expected revenue from such a share issue will be very low since share prices will continue to plummet and any sane institutional investor will run the other way. Two fund managers have been sacked for investing in an 'apparently' healthier issue. It will be left to the penniless bears to pony up. Will King buy these shares without guarantees of being in charge? Will Laxey or Easdales, Green, BPH relinquish the cash cow without sale and leaseback? Please explain the "cash cow". A cash cow is a business (or part of a business) that produces a steady flow of revenue and profits, without a commensurate input of investment or effort. It's hard to see any part of the Sevco empire that fits that description. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 26, 2014 Share Posted April 26, 2014 1. Graham Wallace claims one of the key reasons that credit and debit cards cannot be used to purchase season tickets was the Dave King inspired 'Trust': ...Wallace told fans and shareholders in his review: “The board believes 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.” 2. It transpires the Rangers board were told by First data in January that they would not process these sales without security. This is before the idea of the 'Trust' was first mooted. Wallace was brought in to give Rangers a level of credibility yet has been caught out in a blatant lie. He should resign or be sacked for such a distortion of the truth. No sensible person will believe another word he utters. The only problem with this is, if he's sacked he'll get a hefty pay off and then the process will start all over again. 0 Quote Link to comment Share on other sites More sharing options...
lithgierose Posted April 26, 2014 Share Posted April 26, 2014 If you bought 5 Daily Records, collected the 5 loaves, there's a fair chance you could exchange them for an Ibroke ST fairly soon - they've reverted back to the more traditional forms of commerce such as barter after abandoning electronic transactions. remember you could also chuck in some fishes 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted April 26, 2014 Share Posted April 26, 2014 supporters are fed up with being taken for mugs again and again stop being f***ing mugs then! 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted April 26, 2014 Share Posted April 26, 2014 Once a mug............ 0 Quote Link to comment Share on other sites More sharing options...
stonedsailor Posted April 26, 2014 Share Posted April 26, 2014 you missed out - a percentage of fans do not trust either the board of directors or dave king i suspect the combined totals of cash from both the trust and from supporters picking up season tickets from the club will be less than half last seasons total for season ticket sales. supporters are fed up with being taken for mugs again and again Walk away fuckers. 0 Quote Link to comment Share on other sites More sharing options...
stonedsailor Posted April 26, 2014 Share Posted April 26, 2014 Champions league money in 2017. Orcs, I was wrong all along. Everything is going to be just fine. You are the greatest club in the world. Can I join your gang? 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted April 26, 2014 Share Posted April 26, 2014 You would have to be off your head to buy a season ticket for this bunch at the moment, meltdown 2 is probably the best way forward for this club at this moment in time. 0 Quote Link to comment Share on other sites More sharing options...
MFC_East_Stand_Al Posted April 26, 2014 Share Posted April 26, 2014 http://www.scotsman.com/sport/football/spfl-lower-divisions/glenn-gibbons-rangers-fans-playing-dangerous-game-1-3381635?WT.mc_id=Outbrain_text&obref=obinsite Intersting article in the Scotsman (conveniently Edinburgh not Glasgow) it would seem the further East our Journalists are the less succulent the lamb 0 Quote Link to comment Share on other sites More sharing options...
flyingrodent Posted April 26, 2014 Share Posted April 26, 2014 You would have to be off your head to buy a season ticket for this bunch at the moment, meltdown 2 is probably the best way forward for this club at this moment in time. Well, at least the club and the fans have comported themselves with great dignity in these troubling times. 0 Quote Link to comment Share on other sites More sharing options...
stonedsailor Posted April 26, 2014 Share Posted April 26, 2014 http://www.scotsman.com/sport/football/spfl-lower-divisions/glenn-gibbons-rangers-fans-playing-dangerous-game-1-3381635?WT.mc_id=Outbrain_text&obref=obinsite Intersting article in the Scotsman (conveniently Edinburgh not Glasgow) it would seem the further East our Journalists are the less succulent the lamb Made up P&D shyte, Champions league money in 2017, we arra peepel. 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted April 26, 2014 Share Posted April 26, 2014 (edited) Well, at least the club and the fans have comported themselves with great dignity in these troubling times. The club are doing everything in their power to keep the fans informed, they were kind enough to extend the sale period for Season Tickets while removing credit/debit card facilities, they were unwilling to tie ST sales in with a call over the stadium. What else do fans need to know to make an informed decision about purchasing a season ticket. Edited April 26, 2014 by ayrmad 0 Quote Link to comment Share on other sites More sharing options...
NotfromFifehonest Posted April 26, 2014 Share Posted April 26, 2014 (edited) Made up P&D shyte, Champions league money in 2017, we arra peepel. But Oor Graham didn't go as far as saying he'd be there to listen to the CL music blasting out within his Review. From a long-term career perspective, his wisest choice might be to start randomly calling people P*kis methinks. Shoot for a severence payment before Toxic FC drags you down with them. Edited April 26, 2014 by NotfromFifehonest 0 Quote Link to comment Share on other sites More sharing options...
Mark Connolly Posted April 26, 2014 Share Posted April 26, 2014 Chick is almost tears on Sportsound. Tom English also with the lesser spotted "It was David Murray's fault" 0 Quote Link to comment Share on other sites More sharing options...
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