Maxsta Posted April 29, 2014 Share Posted April 29, 2014 Can they get more money from selling to King (that is if King even wants to buy) or more money from selling assets... My guess is that they'll go for the latter option, I think selling to King will be a quick exit with them, they've made plenty. I don't think they'd try and sell the assets, i'm also not sure how they'd go about it without us going into administration which i don't think is going to happen due to the legality of it all. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted April 29, 2014 Share Posted April 29, 2014 Has a club in administration ever been promoted before? They have won leagues with players they have admitted they cannot afford, it is financial doping/blatant cheating, and they most certainly have been obtaining a sporting advantage. 0 Quote Link to comment Share on other sites More sharing options...
Maxsta Posted April 29, 2014 Share Posted April 29, 2014 Funny how some rangers fans want Wallace out because he's a liar , yet Sally is ok , and he's probably the biggest liar in this whole saga, That's well funny mate. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted April 29, 2014 Share Posted April 29, 2014 “So although some of the money has gone on players’ wages, it is a very small fraction of where the money has gone. “It (the ratio) is maybe 27/ 28%. I think the lowest in the Championship last year was 53 or 54% so that would give you the indication that the players’ budget should be well within the overall turnover and is within the overall turnover. “So, I refute the players taking any stick at all on it, plus the fact that it wasn’t myself who offered the players the contracts.” ----------------------------------------------------- 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. 0 Quote Link to comment Share on other sites More sharing options...
Maxsta Posted April 29, 2014 Share Posted April 29, 2014 If (thank god I'm not) I was at bear at the moment, I'd be seriously considering the FC Rangers of Govan route as the best way forward. Either that or walking away. Is the 'history' really that important that it's worth funding the retirement package of an assortment of spivs and gangsters to preserve? I'm confident King will buy them out, not that i want them getting much money but in this lovely corporate world we live in anything we buy is getting a suit minted somewhere so wouldn't get hung up about it. 0 Quote Link to comment Share on other sites More sharing options...
Maxsta Posted April 29, 2014 Share Posted April 29, 2014 would anyone mind if we just refereed to dhenboy as the mutt from now on ? The worst poster i've came across thus far. 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted April 29, 2014 Share Posted April 29, 2014 He's got the cash to put in and he wouldn't lose it if he ended up owning us. I agree he won't actually spend much at all to get us or even run us. 0 Quote Link to comment Share on other sites More sharing options...
Maxsta Posted April 29, 2014 Share Posted April 29, 2014 You really showed me up there! Smileys are used when you've won an argument right? 0 Quote Link to comment Share on other sites More sharing options...
thehoss Posted April 29, 2014 Share Posted April 29, 2014 “So although some of the money has gone on players’ wages, it is a very small fraction of where the money has gone. “It (the ratio) is maybe 27/ 28%. I think the lowest in the Championship last year was 53 or 54% so that would give you the indication that the players’ budget should be well within the overall turnover and is within the overall turnover. “So, I refute the players taking any stick at all on it, plus the fact that it wasn’t myself who offered the players the contracts.” ----------------------------------------------------- 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. He's superb. The wages are fine but I want to remind you that I had nothing to do with the contracts! Wages fine yet feels he must add the excuse of non involvement. Yeah wages are great compared to turnover but vastly overspent in comparison to the level of competition. If ally was smart enough he could think of halfing his 10mil wage budget would be an extra 5mil in the coffers and he wouldn't needed to have taken that pay cut. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted April 29, 2014 Share Posted April 29, 2014 Surely to f**k McCoist would've been chased by now at any normal club? 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted April 29, 2014 Share Posted April 29, 2014 You really showed me up there! Smileys are used when you've won an argument right? fair enough. Dave King is the saviour. you win. 0 Quote Link to comment Share on other sites More sharing options...
Maxsta Posted April 29, 2014 Share Posted April 29, 2014 fair enough. Dave King is the saviour. you win. Yeah although i don't think Dave King is anywhere near being a saviour but it's cool that you're showing yourself up even more. 0 Quote Link to comment Share on other sites More sharing options...
Maxsta Posted April 29, 2014 Share Posted April 29, 2014 1. Do you actually think King doesn't have the cash to purchase Rangers? 2. Do you think it isn't beyond the realms of possibility he would recoup money by owning Rangers? 0 Quote Link to comment Share on other sites More sharing options...
Maxsta Posted April 29, 2014 Share Posted April 29, 2014 Surely to f**k McCoist would've been chased by now at any normal club? He's the only one left to trust, if this was normal circumstances he would've been chased. 0 Quote Link to comment Share on other sites More sharing options...
Bing (2) Posted April 29, 2014 Share Posted April 29, 2014 Mate, can you give me a quote from King where he states that he has the money to invest and WILL invest if given the opportunity. The crook is full of hot air. Posted this link on Sunday, it contains this... ‘It’s not unfair to say I haven’t put my money where my mouth is,’ he insists, ‘it’s just plain wrong. ‘I repeat, I’m the man who put £20m in and didn’t get a penny back. ‘I don’t even want to put new money in. If the Rangers board can raise £20m without me than that’s the first prize. ‘I would prefer it and my family would certainly prefer it – because that’s the trust funds for my four kids taken care of. ‘But what I am saying is that if there is a fresh share issue I am willing to do it. ‘It’s quite simple really. Where Rangers are concerned, I am the last resort guy. No more than that.’ Read more at: http://www.sport.net/dave-king-my-father-was-so-anti-football-he-didnt-want-me-to-be-a-rangers-fan_158165 0 Quote Link to comment Share on other sites More sharing options...
Bing (2) Posted April 29, 2014 Share Posted April 29, 2014 (edited) 1. Do you actually think King doesn't have the cash to purchase Rangers? 2. Do you think it isn't beyond the realms of possibility he would recoup money by owning Rangers? But as his overseas assets have to be repatriated to Sud Africa per his conviction for fraud/tax evasion, he cannot own TRIFC , unless it is 'Hola Jo'burg' Edited April 29, 2014 by Bing (2) 0 Quote Link to comment Share on other sites More sharing options...
Fotbawmad Posted April 29, 2014 Share Posted April 29, 2014 (edited) “So although some of the money has gone on players’ wages, it is a very small fraction of where the money has gone. “It (the ratio) is maybe 27/ 28%. I think the lowest in the Championship last year was 53 or 54% so that would give you the indication that the players’ budget should be well within the overall turnover and is within the overall turnover. “So, I refute the players taking any stick at all on it, plus the fact that it wasn’t myself who offered the players the contracts.” ----------------------------------------------------- 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. TBF, the spivs plan was all about maximizing the most amount of turnover in the shortest period of time, and then creaming off as much of it as they could before the house of cards predictably collapsed. It's not that hard to do from a business perspective. All it takes is some heartless decision making. Ra Peeple who should have known better like Youngsty and Tedi couldn't see this, and more importantly refused to realize it. Simply because of their delusion that P&D's would always lie to them. Not understanding us non-Sevco fans have no emotional investment in the on goings of their football clumpany. Other than the joy of laughter of course Edited April 29, 2014 by Fotbawmad 0 Quote Link to comment Share on other sites More sharing options...
Maxsta Posted April 29, 2014 Share Posted April 29, 2014 But as his overseas assets have to be repatriated to Sud Africa per his conviction for fraud/tax evasion, he cannot own TRIFC , unless it is 'Hola Jo'burg' Not an issue at all. 0 Quote Link to comment Share on other sites More sharing options...
Bing (2) Posted April 29, 2014 Share Posted April 29, 2014 Not an issue at all. Owning TRIFC or moving to SA lock stock and barrel? 0 Quote Link to comment Share on other sites More sharing options...
lithgierose Posted April 29, 2014 Share Posted April 29, 2014 Paying daft money for it now without any planning permission for housing would also by daft in the extreme. isn't it written on the deeds,that murray park can only be used as a sporting venue now and in the future.so nobody can buy the place and build on it.sure i read that. on here maeby ? 0 Quote Link to comment Share on other sites More sharing options...
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