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The race to administration.............


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50 minutes ago, NavyBlueArmy1876 said:

£400k isn't that hard to find for a club of our size 8)

We had to increase our playing budget by £150k this season when it became apparent just how many of Holt's donkeys would be in danger of making it in to the starting 11 otherwise.

Average crowds are 4,103 - up from 3,468 last season. Hospitality has generally been sold out. Sponsorship is up. We've also flogged some 10 year season tickets @ 5k a pop.

As others have said the black hole is on target to be filled. We're not exactly awash with cash but won't be flirting with administration any time soon.

It will probably take McGlynn a couple more transfer windows to sort out the mess left by the previous administration but we hope to bring you some navy blue pound at earliest convenience 

 

That doesn't appear to be a very good deal unless you expect to be playing in the Champions league within the next 3 seasons and all your glamour group games are included.......

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3 hours ago, NavyBlueArmy1876 said:

It will probably take McGlynn a couple more transfer windows to sort out the mess left by the previous administration

I hear that David Goodwillie is available, maybe he and McGlynn can restart the partnership that made such a difference to Raith Rovers……..    

 

 

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  • 4 months later...
On 21/12/2022 at 19:00, bdu98196 said:

Anyone read this today in The Herald? Not sure how financial distress is measured as its a bit subjective, but if its right (and who really is surprised by this given the economy and issues clubs have faced over recent years), then the suggestion is that almost half the League are heading into money trouble.

https://www.heraldscotland.com/business_hq/23206084.scottish-football-championship-showing-greatest-signs-distress/

I'd guess these are Caley, Morton, Arbroath & Hamilton?

The ICT AGM took place last night and it can't have escaped our collective consciousness the outcomes that indicate we have a club on the precipice.

Have you seen the reports of shareholders up in arms and the forecasts of foreclosure?

 

No nor me.

 

It's almost as if the Glasgow Herald is a joke publication.

 

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1 minute ago, sophia said:

It's almost as if the Glasgow Herald is a joke publication.

 

There is no such thing anymore. That stopped in 1992 when your joke club never existed. 

The Herald is definitely a shite rag. 

Need to keep you updated with the news. Tsk tsk. 

Hope your club gets thoroughly pumped in the Scottish Cup. 

 

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I was pleased to read that the club actually made a profit out of the concert situation last summer as we were paid up front for the hiring of the stadium. Any local business owners who may or may not have been fleeced in the process are statistically likely to be Old Firm fans who deserved it anyway.

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7 minutes ago, Molotov said:

There is no such thing anymore. That stopped in 1992 when your joke club never existed. 

The Herald is definitely a shite rag. 

Need to keep you updated with the news. Tsk tsk. 

Hope your club gets thoroughly pumped in the Scottish Cup. 

 

Your interest in me is creepy

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tbh it's been very strange not having at least one club in this division literally in the process of being dissolved for a while. Fortunately Dunfermline are coming up and whoever comes down from the top flight is pretty much guaranteed to have had their accountants setting their books on fire for the last month.

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1 hour ago, RRFC_Liam said:

That deals off 

…and thank god for that! That post was from back in December before Silverbear got chased away (although apparently it was said at the AGM that they were back in touch trying to restart negotiations)… Hopefully we have more positive Rovers take over news soon. 

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