Director John Bennett - now in for £23million

[Kinghornloyal]

Not really just harsh reality.

We can either bury our heads in the sand or face reality.

Unless serious money gets spent we aren't winning the title anytime soon.

Then we won't be. There isn't serious money available. Only way we get serious money is ti put us into serious debt and that won't be happening by this board. We also cannot just add massive debt to buy players as we would be hit seriously by FFP

 

[HillsBill]

Thankfully more and more fans are starting to appreciate the Board, overdue in my opinion, but nonetheless welcome. Not perfect but a million miles better than most we’ve had in recent years. I’ve always praised Dave King because without him I fear we might not have had a club post 2012 given some of the shenanigans. But life moves on and if King now wants to be taken seriously he has to go public with his concerns about the board. Frankly, I have seen little of substance from him recently and using Club1872 as his attack dog doesn’t fill me with confidence. As Denis Healey once said, it’s a bit like being savaged by a dead sheep. So, it’s no surprise that Resolutions 2, 7 and 8 only attracted support from King, C1872, possibly the Easdales and a few others. A comprehensive vote in favour of the board.

 

[FDB1978]

Then we won't be. There isn't serious money available. Only way we get serious money is ti put us into serious debt and that won't be happening by this board. We also cannot just add massive debt to buy players as we would be hit seriously by FFP

I 100% agree we shouldn't go down the debt route but the massive mistakes in the boardroom and DOF level made over the last 12 months are partly responsible for where we are now.

A decent funding package for Gerrard would probably have seen us win the title last season and completely burst Flangebaws in the process. Instead we've given them two automatic CL qualifications.

The last two transfer windows have been absolutely dreadful for us in both in short and long term and give that other lot a massive advantage going forward. We've somehow gone from miles in front to miles behind again.

 

[Chester Loyal]

Currently the club is being sued for £11m this is after paying £8m to Ashley earlier this year and £4m to him in 2017. Millions more have probably been squandered on stupid legal costs and hiring/firing dreadful management teams and terrible signings I call that incompetence.

For all this investment put in we now find ourselves back to a situation similar to 2017/18 with the league probably over by November and a squad of little value that needs massive investment going forward.

Sorry but the yahoos are likely to overtake us in league us in league title wins soon and we are miles behind them with no real plan going forward. We've become a club that's happy to win one league title every 5-8 years now with no visible plan to move forward.

The club has just posted a record turnover, we’re in profit for the first time in a decade and we’re looking like we’re finally going to be self sufficient moving forward. But of course everyone is absolutely incompetent.

If you believe the squad is anywhere near 17/18 levels then you are off your head. It’s not even worth debating with nonsense opinions like that.

I’d hate to be as negative as guys like you, it must be absolutely draining.

String a run of wins together, win the new year old firm, get a couple of new signings in January and we could be right back in the title race. No way should we be giving up right now.

 

[Chester Loyal]

I 100% agree we shouldn't go down the debt route but the massive mistakes in the boardroom and DOF level made over the last 12 months are partly responsible for where we are now.

A decent funding package for Gerrard would probably have seen us win the title last season and completely burst Flangebaws in the process. Instead we've given them two automatic CL qualifications.

The last two transfer windows have been absolutely dreadful for us in both in short and long term and give that other lot a massive advantage going forward. We've somehow gone from miles in front to miles behind again.

We’ve been operating that route for years. We’re just lucky that it’s our directors that have been covering the losses and we haven’t run up massive external debt.

We should have won the league with the squad we had last season, especially from the position we were in at the winter break.

We’ve lost ground on the mentally challengeds but we’re really not that far behind them.

 

[FDB1978]

The club has just posted a record turnover, we’re in profit for the first time in a decade and we’re looking like we’re finally going to be self sufficient moving forward. But of course everyone is absolutely incompetent.

If you believe the squad is anywhere near 17/18 levels then you are off your head. It’s not even worth debating with nonsense opinions like that.

I’d hate to be as negative as guys like you, it must be absolutely draining.

String a run of wins together, win the new year old firm, get a couple of new signings in January and we could be right back in the title race. No way should we be giving up right now.

Final thought on this but we aren't anywhere near self sufficient look the accounts they were boosted by extreme one times like big sales and a European final neither is extremely unlikely going forward.

Everyone is entitled to an opinion but if you think being nine points behind (basically ten) with goal difference is something worth celebrating then that's fine but blindly putting your head in the sand and pretending everything is brilliant never works out.

 

[Chester Loyal]

Final thought on this but we aren't anywhere near self sufficient look the accounts they were boosted by extreme one times like big sales and a European final neither is extremely unlikely going forward.

Everyone is entitled to an opinion but if you think being nine points behind (basically ten) with goal difference is something worth celebrating then that's fine but blindly putting your head in the sand and pretending everything is brilliant never works out.

You’re now moaning about the accounts because they might not be this good next year again. How can you be so negative all the time?

Do we not have the Bassey and Aribo sales going into next years accounts and the CL revenue too?

Nobody is celebrating where we are right now, we need to be doing better. It’s just nowhere near as bad as some make out.

That 9 point gap could be 6 points on the 2nd January and if we do win that old firm then it’s game on.

 

[Commander Bjorklund]

What’s his business background? Not questioning, just interested.

Worked in investment banking for decades and currently runs a number of investment funds.

His personal experience and expertise makes people questioning him (Not the poster I’m quoting) getting a 6% return all the more ridiculous, with his knowledge he could easily get way more than that elsewhere and based on current inflation is technically losing money by putting it into our club. Plenty of things the board could be criticised for, but Bennett’s deep pockets isn’t one of them.

 

[FDB1978]

You’re now moaning about the accounts because they might not be this good next year again. How can you be so negative all the time?

Do we not have the Bassey and Aribo sales going into next years accounts and the CL revenue too?

Nobody is celebrating where we are right now, we need to be doing better. It’s just nowhere near as bad as some make out.

That 9 point gap could be 6 points on the 2nd January and if we do win that old firm then it’s game on.

Yes the accounts for this season will be good but after that then what?

BTW this entire thread is about JB giving a credit facility to the club so basically even the board don't think we're near breaking even.

 

[Mview83]

Yes the accounts for this season will be good but after that then what?

BTW this entire thread is about JB giving a credit facility to the club so basically even the board don't think we're near breaking even.

The accounts will be healthy for the coming year. A key pillar of the good accounts last two years has been player trading and Euro prize money which is a concern for going forward giving the poor recruitment we are seeing. We need sellable assets and to do well in Europe to come close to breaking even.

 

[Timardim]

Waiting on the tinks distorted comments on this , .Surprised Alan Brazil , Andy Walker , Keith Jackson and the rest of the Rangers finance experts haven't been heard scrutinising and condemning the act , anybody would dare or , want to invest in our club.

 

[Chester Loyal]

Yes the accounts for this season will be good but after that then what?

BTW this entire thread is about JB giving a credit facility to the club so basically even the board don't think we're near breaking even.

Lowry/King/Yilmaz develops into a £20million player and we sell them? We make the quarters of the EL? We win the Conference League?

Just because the club has a credit facility doesn’t mean the board think we won’t break even. It’s perfectly normal for businesses/clubs to have these facilities in place for cash flow reasons.

 

[Grant K]

So we need to find someone with a small ego and financial ability to lend us multi million.

I genuinely get the drift of where you are coming from, but there is not a long queue to sign up.

Good luck finding self made multi millionaire/billionaires with small ego’s!

 

[Kinghornloyal]

I 100% agree we shouldn't go down the debt route but the massive mistakes in the boardroom and DOF level made over the last 12 months are partly responsible for where we are now.

A decent funding package for Gerrard would probably have seen us win the title last season and completely burst Flangebaws in the process. Instead we've given them two automatic CL qualifications.

The last two transfer windows have been absolutely dreadful for us in both in short and long term and give that other lot a massive advantage going forward. We've somehow gone from miles in front to miles behind again.

We had lost £23m so how could Gerrard be given anything. He failed to get into CL which meant we were stuck. Also have you looked at the accounts for the last 2 years..we committed £15m at the last window under Gio. It hasn't been about how much we have spent it's the recruitment itself that hasn't worked.

We were never ever miles in front and anyone who believes that is blinkered. They were in transition and started poor under their new manager. However they then went on a 34 match unbeaten run. They have spent £45m on players in 2 seasons and no matter what we hoped for there is no way we can match that spending. Uts impossible. We spent more under Gio than Gerrard got at any window. So it's not about how much its a out how its spent

 

[Barrymoped]

Final thought on this but we aren't anywhere near self sufficient look the accounts they were boosted by extreme one times like big sales and a European final neither is extremely unlikely going forward.

Everyone is entitled to an opinion but if you think being nine points behind (basically ten) with goal difference is something worth celebrating then that's fine but blindly putting your head in the sand and pretending everything is brilliant never works out.

Nobody is, but I’m saying you suggesting we are in the same position as wee we’re pre Gerrard is complete and utter pish.