H&H update today

Unfortunately the CL money will not be reported in the accounts up to the end of June, it'll be next year. Even the sales of Bassey and Aribo will not make those accounts, so in essence the accounts will probably make for only moderate reading. As for the AGM, as others have stated before it's not usual for the AGM to be run in a manner where you get to ask the real marked question.

I said something on a different thread a while back. Making comments on financials in advance of releasing the audited numbers formally is just not done. But by talking about the CL money they have avoided that as the CL money will be in next years accounts. But they genuinely cannot make statements that can be in any way misconstrued as that would leave them in breach of market regulations and could impact share price. Let's be honest, what did we actually learn from what the Bennett said? I learned nothing new. As for Robertson, I think he would probably be a good COO but we need a hard hitting CEO at the helm, I will not cite Lawwell as a good example because from what I could glean he milked the filth for his entire tenure because for so many years there was no us in the SPL, so he could. But what he did do and we still suffer from it now, was manoeuvre himself into very good positions in the game to ensure the filth could influence matters their way. Our board may all be great business men in their own field, but none of them is skilled at running a club of our stature in the cesspit of a league we are in. We need someone who knows those dark arts and can start to influence for us.

In these days of social media the club had to do something, because we have had people on here as clued up in our finances as we have had in the past tims, who knew someone, who knew someone else who knew we were going bust. No one knows the inner finances of our club, no one knows that its maybe agents not players that cause the contract headaches, no one knows how much has had to be spent to just keep the stadium and the training ground running. We moan about the ticket office, well guess what, when that gets fixed its gonna cost and it won't be cheap, the sort of software we are talking about could easily drive 7 figure licence fees a year as it's a complex coding that will be needed. As we found out with Aribo and the release fee, no one knows what others like that might exist. We got lucky with Bassey, had we gotten him signed to a longer term deal, he might have had a £10m release clause, he didn't thank god and we got £20m, but I suspect we got no more than a third of that upfront, with the rest on instalments over his contract. There are so many fucking imponderables that for people just to randomly pick one thing each time and tear the arse out of it is frankly crazy.

We have come a long way since 2012, and we've done it faster than I thought. I genuinely worried that we could have been 15 years trying to claw our way back. But some gambles were taken and here we are, back at the top table (albeit experiencing painful pumpings). But seemingly forgetting the pain we felt not that long ago and needing to know that it will not be repeated, we cannot allow a repeat of the Murray years.

I expect I'll get some stick for this as it will no doubt render me the "happy clapper" - but I have an opinion like everyone else.
Great Post
 
Then there’s the ticket pricing….. £180 for a CL three match package in the main stand this year versus £117 for a EL three match package last season. There’s potentially an extra £3m right away on ticket sales alone!
And yours is the sort of crude arithmetic that exaggerates our income.
The figure is closer to half of £3m you calculate
We only have 33500 season ticket holders paying adult prices and the average cost is £165 not £180. Excluding Vat that is an extra £40 for the club. Then we have 11500 concessions and juniors where the uplift is much less.
 
We will need to get by groups to possibly last 8 in CL for revenue to reach 40 million.
This is partially to do with market share and 10 year co offecient. We are ranked 31/32 CL teams so we get 2.2m co officent share whilst Real Madrid get 36m
We we get more of only one cl team from Scotland
 
Also factor in, we unlikely win a game, so we use to make good money in the EL from each win along the way.
 
Also factor in, we unlikely win a game, so we use to make good money in the EL from each win along the way.

Sounds like the best option would have been beating the Belgians, getting the 5 million and getting beat and into the Europa league, at least we would've been competitive and doesn't sound like we would've been much worse off financially anyway.
 
Sounds like the best option would have been beating the Belgians, getting the 5 million and getting beat and into the Europa league, at least we would've been competitive and doesn't sound like we would've been much worse off financially anyway.

Definitely feels like we’re being conditioned for something.

It’s maybe the reality, the CL isn’t the holy grail, providing we do well in the EL.

If the trade off is minimal, I’d prefer being competitive and going further, than being a whipping boy for the sake of a £1-2m.
 
And yours is the sort of crude arithmetic that exaggerates our income.
The figure is closer to half of £3m you calculate
We only have 33500 season ticket holders paying adult prices and the average cost is £165 not £180. Excluding Vat that is an extra £40 for the club. Then we have 11500 concessions and juniors where the uplift is much.

Yours is the sort of arithmetic that plays down our income as if everyone is a standard ST holder paying ST discounted prices.

…..non season ticket holders will be paying more than the £180. Then there’s there’s the hospitality packages. There is also far less juniors go to the European fixtures than that of ST matches.

But aye… you pretend the extra revenue will be minimal. The fact is…. The 3 match packages have been hiked up by about 40%.
 
Definitely feels like we’re being conditioned for something.

It’s maybe the reality, the CL isn’t the holy grail, providing we do well in the EL.

If the trade off is minimal, I’d prefer being competitive and going further, than being a whipping boy for the sake of a £1-2m.
I’ve never wanted CL, it’s above the level of squad we can afford. I want to go watch Rangers win, I got more excited for qots than Napoli. Rather be in a competitive situation than take tankings for cash (that isn’t really there)
 
Yours is the sort of arithmetic that plays down our income as if everyone is a standard ST holder paying ST discounted prices.

…..non season ticket holders will be paying more than the £180. Then there’s there’s the hospitality packages. There is also far less juniors go to the European fixtures than that of ST matches.

But aye… you pretend the extra revenue will be minimal. The fact is…. The 3 match packages have been hiked up by about 40%.
The take up from season ticket holders including juniors has been unprecedented.
We also have to give UEFA a ridiculous amount of tickets so there are very few tickets going to non season ticket holders.
We would have sold hospitality for the group stages in EL too albeit at lower prices.
My figures come straight from someone in the ticket office, Yours are fantasy but rather than admit you are wrong you double down.
 
Sounds like the best option would have been beating the Belgians, getting the 5 million and getting beat and into the Europa league, at least we would've been competitive and doesn't sound like we would've been much worse off financially anyway.
I don't (with hindsight) think psychologically it would have been in our interests to be playing thu and Sunday catch up.
 
The Glen Kamara/Nice deadline day deal should have been one we pushed through. We had the replacement ready, deal should have been done and cashed in on him

Sadly, Kamara has checked out here it would seem
That's nobody's fault at Rangers though. Nice signed Ross Barkley on a free transfer instead. There's f.uck all you, I, Ross Wilson or Stewart Robertson could have done about that. Unfortunately these things happen in football.

I'm all for holding people accountable where justified - and by f.uck theres a lot of fingers that can be pointed at our board - but blaming them for the uncontrollables just adds to the hysteria and clouds the proper arguments with nonsense.
 
There's a problem now where both parties, teh board and the fans, clearly feel that the other doesn't appreciate what they have done over the years. That's a real breakdown for two groups who are entitled to feel they've put a lot in. Both have.

Something is badly wrong if we are now seeing our directors going out in September (!) trying to convince us that CL money isn't that big a deal. If we seriously couldn't bring in any extra players after CL qualification then we're in some bother.

Added to the horrendous recruitment....it's not great.
 
The take up from season ticket holders including juniors has been unprecedented.
We also have to give UEFA a ridiculous amount of tickets so there are very few tickets going to non season ticket holders.
We would have sold hospitality for the group stages in EL too albeit at lower prices.
My figures come straight from someone in the ticket office, Yours are fantasy but rather than admit you are wrong you double down.

Aye ok mate…. Keep that sand pouring in your lugs.

The fact remains the ticket pricing is circa 40% higher than last year. That’s not a £1.5m increase as you suggest.

And that’s only ticket prices. Stewart Robertson is making it out that everything is much of a muchness between the EL and CL. That’s 100% not true.
 
The media spouted massive figures for CL football when the Tim's were there alone, just to blow smoke up their arse and to try and show (inflate) the gulf between us in finances
 
The media spouted massive figures for CL football when the Tim's were there alone, just to blow smoke up their arse and to try and show (inflate) the gulf between us in finances

It was all a bit of a nonsense, yeah - they based it on the difference in their turnover from the year before.

Someone posted a tweet related to a Swedish media outlet saying Malmo made €30m from CL participation last season - unless they made over €10m in ticket sales and the likes, that was a hugely inflated figure as well.

Just wait until the new format kicks in, where the money is projected to nigh-on double by some. The Daily Record will have qualification being worth £100m.
 
It sounds like he is taking TV and attendance money into account for the EL run yet not taking them into account for the CL.

Strange stuff from him ... this AGM is going to be quite interesting I feel as they seem to be taking us for fools.
Board is justifying (lack of) summer transfer spend - same reason Gerrard bolted a year back - and managing spend/success expectations for this term.
They can reasonably cite how much they put into the club.
But the club/fans comms piece has been poorly handled at all levels - injuries, finance and mhedia response.
 
First of all David E sounded pretty rough today so hope he feels better soon. Secondly I thought the points he made about the Bennet and Robertson interviews were spot on. Particularly his comments about supporters being far more clued up about finances than in years gone by. This is a key point the club should be mindful of. I find the tone can be patronising sometimes and a bit like a nice pat on the head for the fans and send them on their way if we throw them some titbits here and there. The days of believing everything without question are gone and should never come back. It’s a step in the right direction but only that from the club. We need this to continue and transparency (where appropriate) on finances. The CL money misinformation was a real blunder. I’m hoping the AGM will allow an open discussion on key issues. That’s the next test.
I'm still eagerly waiting for the casino, hotel and rooftop football pitch Murray told us we were getting. Can't wait :)
 
If we can't invest now, when we got a long run to EL final, merchandise sales on an enormous scale, CL qualification, few million for Gerrard and crew, £6m for Aribo, circa £9m up front for Nathan, what, £19m for Bassey, the club ripping the a/hole out of the ticket prices for CL, I worry that there simply won't be scope for larger investment anytime soon, if at all. Unless we have a conveyor belt of £10m+ sales.
I've kind of made peace with it now. Our transfer business is liable to be shaky in the markets we are in. We might get the odd treasure, with an added amount of shite.
 
Board is justifying (lack of) summer transfer spend - same reason Gerrard bolted a year back - and managing spend/success expectations for this term.
They can reasonably cite how much they put into the club.
But the club/fans comms piece has been poorly handled at all levels - injuries, finance and mhedia response.

They gave Gerrard 7 million out their own pocket for a Liverpool youth graduate that's had one good SPFL season out of 4.

And wages for Jack just had to have him eh la Simpson
 
They gave Gerrard 7 million out their own pocket for a Liverpool youth graduate that's had one good SPFL season out of 4.

And wages for Jack just had to have him eh la Simpson
No - what happened was Gerrard miraculously won the league title despite being outspent every window by his direct rival, that summer the board saw the state Celtic were in and completely rested on their laurels and used not making the CL as an excuse not to back the manager to the extent that they said they would. They are now saying getting to the CL proper isn’t worth much more to us anyway
 
No - what happened was Gerrard miraculously won the league title despite being outspent every window by his direct rival, that summer the board saw the state Celtic were in and completely rested on their laurels and used not making the CL as an excuse not to back the manager to the extent that they said they would. They are now saying getting to the CL proper isn’t worth much more to us anyway

So Kent never cost 7 million directly out of investors pockets.

Ok.
 
We signed him immediately after guaranteeing qualification to the EL groups so I’d imagine that was something to do with it

Ok even better. 7 million plus his wages probably ate up most of that seasons EL money.

Didn't back em though.

Tbh went home because he missed his family is an infinitely better look than downed tools as the manager of Glasgow Rangers for weeks on end then fucked off one third into a season because he didn't get anymore money to spend.

But we'll go with went in a huff.
 
Whilst in general terms the support might be more clued up in financial terms there is a rump that don’t get it still. There’s a post on this thread saying again why didn’t we spend to compete in the CL.

Fundamentally there is still a % that don’t get the scale of how financially stretched we are.
I’m not a big fan of the Boards strategy but I don’t think they are sitting on money. So I’m sorry there is just moaning for the sake of it.

Obviously though we get to the core point though of how the football operations are ran and I get and agree on that being scrutinised.

The difficulty we have is the Board are not going to publicise what concerns they have even if they rated Wilson like everyone else they will be waiting to see if the new signings start to deliver.
So there is a degree of spin it is inevitable . They will know a level of detail we don’t. That’s part of the problem in a modern club.

Ultimately the results will dictate the mood but nothing has changed in a lot of the support there’s no genuine interest in the detail-not really
 
Try telling it to posters who think we’ve got millions in the bank
See this is what gets me. We will have several million in the bank. It doesn’t mean we’re flush or rich, but it’d be impossible not to have.

We’ve just had the most fruitful 9 month period financially in the 150 year history of the club.

We’ve sold 3 players for big money
Season tickets sold out
Hospitality sells out every week
A major share issue through Tifosy
Europa league money to the final
Champions league qualification
Champions league packages (at top end pricing) sold out

There literally isn’t any other realistic income we could’ve generated, so if we don’t have ‘millions in the bank’ then there’s a serious problem. That’s not saying we shouldn’t use it for players, or not keep it for a rainy day.

I honestly believe if we had spent a modest fee, even a decent loan signing to give the squad a boost for the crack at the CL, most people would’ve accepted it, but the narrative now is that reaching the CL shouldn’t even be mentioned as it’s not that different to Europa money, which is nonsense. Even the ticketing will bring in £3m more alone.
 
It was all a bit of a nonsense, yeah - they based it on the difference in their turnover from the year before.

Someone posted a tweet related to a Swedish media outlet saying Malmo made €30m from CL participation last season - unless they made over €10m in ticket sales and the likes, that was a hugely inflated figure as well.

Just wait until the new format kicks in, where the money is projected to nigh-on double by some. The Daily Record will have qualification being worth £100m.
Be unlike the Daily Record to spout pish
 
My biggest concern over the last couple of days is the board seem to think Wilson is doing well but in reality we have cashed in big on a few players that he didn’t really have anything to do with

Meanwhile his success rate in the transfer market is about 1 in 6 and multiple other players have deteriorated in value massively because we havent sold them at the right time or extended contracts
Biggest issue for me is the lack of progress at establishing a robust player training model. For that to work we have to sell players at the right time. We clearly haven’t done that and haven’t had the bids needed to do that. Wilson isn’t wholly to blame for that but must be part of his job to create the right conditions to sell.

He also should be extending contracts Morelos Kent situation may result in two sulking players until January window who then leave for very small fees having contributed nothing this season.

1 in 6 isnt fair he is better than that. For me 50% is decent in the market we are operating in. I asked in other threads where is this mythical best with a regular 75% hit rate we should replace him with?

player trading also relies heavily on developing players you buy to improve their sale value. Where is Gio in this? Where is a single player that has improved radically under Gio coaching staff?
 
We absolutely should’ve went out and improved the first 11 after securing CL football.

This squad improvement wouldn’t have been for an unlikely crack at a champions league run but a calculated investment in both resellable assets and improving the chance of repeating the guaranteed income we hope to get each August.

If it wasn’t worth all that more anyway then why not price it at EL level 3 match package?

For me we have 5 immediate positions in the team needing addressed and money needs to be found sharpish. Hopefully some of the new signings can become starters.
 
Yours is the sort of arithmetic that plays down our income as if everyone is a standard ST holder paying ST discounted prices.

…..non season ticket holders will be paying more than the £180. Then there’s there’s the hospitality packages. There is also far less juniors go to the European fixtures than that of ST matches.

But aye… you pretend the extra revenue will be minimal. The fact is…. The 3 match packages have been hiked up by about 40%.
No packages went on sale to non season ticket holders
 
Board is justifying (lack of) summer transfer spend - same reason Gerrard bolted a year back - and managing spend/success expectations for this term.
They can reasonably cite how much they put into the club.
But the club/fans comms piece has been poorly handled at all levels - injuries, finance and mhedia response.
I don't think you can reasonably call spending the guys of 13m in fees plus signing on fees etc a lack of summer transfer spend.

Leaving out them, the rest of the league spent a total of £2.7m, with only 4 clubs paying any transfer fees (Aberdeen, Hearts, Ross County, Dundee Utd).

We did spend, whether we spent correctly is a question for much further down the road.
 
I don't think you can reasonably call spending the guys of 13m in fees plus signing on fees etc a lack of summer transfer spend.

Leaving out them, the rest of the league spent a total of £2.7m, with only 4 clubs paying any transfer fees (Aberdeen, Hearts, Ross County, Dundee Utd).

We did spend, whether we spent correctly is a question for much further down the road.

You can't leave aside them. They are our only rivals and only comparable club. The like of Motherwell are a two bob operation with an average crowd of about 5000.

I'm in the camp that it's not necessarily the fees you pay it's the quality you find for your money. Fees certainly open up a wider market. My issue isn't the fees paid necessarily but the squad building strategy overall. Too many injured or absent players we ought to have known would be exactly that. Too many backup players. Failing to strengthen in known areas of weakness.

See if we had spend £13m in the right areas on the right players we'd be in a far better position. As it stands we have no standout goalkeeper, two absentee centre backs to add to the one we already owned and our most expensive outlay is a reserve option who can't get 20-30 mins in a game to integrate. It's pretty awful squad management.

That's before we get to players still here with 1 year left who were at one time assets.
 
I don't think you can reasonably call spending the guys of 13m in fees plus signing on fees etc a lack of summer transfer spend.

Leaving out them, the rest of the league spent a total of £2.7m, with only 4 clubs paying any transfer fees (Aberdeen, Hearts, Ross County, Dundee Utd).

We did spend, whether we spent correctly is a question for much further down the road.
The words 'lack of' were in brackets because I agree views on spend are subjective, ANL.
Less subjective is the absence of year old transfer Ofoborth, & now Yilmaz, Davies & now Matondo.
But my point was on Club comms, not spend/players.
 
If we can't invest now, when we got a long run to EL final, merchandise sales on an enormous scale, CL qualification, few million for Gerrard and crew, £6m for Aribo, circa £9m up front for Nathan, what, £19m for Bassey, the club ripping the a/hole out of the ticket prices for CL, I worry that there simply won't be scope for larger investment anytime soon, if at all. Unless we have a conveyor belt of £10m+ sales.
I've kind of made peace with it now. Our transfer business is liable to be shaky in the markets we are in. We might get the odd treasure, with an added amount of shite.
There seems to be an acceptance that we will have more misses than hits. We tend to do better with freebies than fees - we haven’t spent over £1m on a midfielder since Mo Edu.

Instead of spending £1-4m on guys like Matondo, Davies etc, I’d rather go for someone up a level, a talismanic midfielder for £6-8m on the whole budget. Walter did similar in 2010 with Jelavic - full budget focussed on quality over quantity and it paid off. The squad isn’t lean. We could’ve comfortably coped without Ridvan (bring in cover on loan) and Matondo (doesn’t get near it anyway and that’d have freed up serious money for real quality to be added.

We’d still have been able to get guys like Lawrence, Tillman and Colak on a low fee, but it frustrates me when the board quote the fees spent when only Colak has made an impact and we’ve got £10M+ in the bench or stands.
 
Unfortunately the CL money will not be reported in the accounts up to the end of June, it'll be next year. Even the sales of Bassey and Aribo will not make those accounts, so in essence the accounts will probably make for only moderate reading. As for the AGM, as others have stated before it's not usual for the AGM to be run in a manner where you get to ask the real marked question.

I said something on a different thread a while back. Making comments on financials in advance of releasing the audited numbers formally is just not done. But by talking about the CL money they have avoided that as the CL money will be in next years accounts. But they genuinely cannot make statements that can be in any way misconstrued as that would leave them in breach of market regulations and could impact share price. Let's be honest, what did we actually learn from what the Bennett said? I learned nothing new. As for Robertson, I think he would probably be a good COO but we need a hard hitting CEO at the helm, I will not cite Lawwell as a good example because from what I could glean he milked the filth for his entire tenure because for so many years there was no us in the SPL, so he could. But what he did do and we still suffer from it now, was manoeuvre himself into very good positions in the game to ensure the filth could influence matters their way. Our board may all be great business men in their own field, but none of them is skilled at running a club of our stature in the cesspit of a league we are in. We need someone who knows those dark arts and can start to influence for us.

In these days of social media the club had to do something, because we have had people on here as clued up in our finances as we have had in the past tims, who knew someone, who knew someone else who knew we were going bust. No one knows the inner finances of our club, no one knows that its maybe agents not players that cause the contract headaches, no one knows how much has had to be spent to just keep the stadium and the training ground running. We moan about the ticket office, well guess what, when that gets fixed its gonna cost and it won't be cheap, the sort of software we are talking about could easily drive 7 figure licence fees a year as it's a complex coding that will be needed. As we found out with Aribo and the release fee, no one knows what others like that might exist. We got lucky with Bassey, had we gotten him signed to a longer term deal, he might have had a £10m release clause, he didn't thank god and we got £20m, but I suspect we got no more than a third of that upfront, with the rest on instalments over his contract. There are so many fucking imponderables that for people just to randomly pick one thing each time and tear the arse out of it is frankly crazy.

We have come a long way since 2012, and we've done it faster than I thought. I genuinely worried that we could have been 15 years trying to claw our way back. But some gambles were taken and here we are, back at the top table (albeit experiencing painful pumpings). But seemingly forgetting the pain we felt not that long ago and needing to know that it will not be repeated, we cannot allow a repeat of the Murray years.

I expect I'll get some stick for this as it will no doubt render me the "happy clapper" - but I have an opinion like everyone else.
Great words so articulate everyone must read this.
 
I’ve never wanted CL, it’s above the level of squad we can afford. I want to go watch Rangers win, I got more excited for qots than Napoli. Rather be in a competitive situation than take tankings for cash (that isn’t really there)
What a load of bollocks
 
I’ve never wanted CL, it’s above the level of squad we can afford. I want to go watch Rangers win, I got more excited for qots than Napoli. Rather be in a competitive situation than take tankings for cash (that isn’t really there)

So you didn't want us to win the league or the Europa and were rooting against us against PSV?

Utterly mental, although the more excited over Queen of the South makes me think you are at it.
 
So you didn't want us to win the league or the Europa and were rooting against us against PSV?

Utterly mental, although the more excited over Queen of the South makes me think you are at it.
Of course I want us to win the league and spent a small going to Seville in the hope of wanting to win the Europa. I’d rather that the path for both took us into Europa where we can compete. I have no appetite at all for watching the club take a hammering for 50
Quid a ticket. So yes I look forward to games more where I can expect a win than a defeat. We don’t have the revenue steams to put on a respectful showing in the CL. If you think we do then enjoy your evening as there is nothing else for us to say.
 
Any commercial director worth their salt would surely have attached bonuses from shirt sponsor sleeves etc if we made it to the champions league for more money?
 
Of course I want us to win the league and spent a small going to Seville in the hope of wanting to win the Europa. I’d rather that the path for both took us into Europa where we can compete. I have no appetite at all for watching the club take a hammering for 50
Quid a ticket. So yes I look forward to games more where I can expect a win than a defeat. We don’t have the revenue steams to put on a respectful showing in the CL. If you think we do then enjoy your evening as there is nothing else for us to say.
Whilst I agree no-one wants to pay over the odds to witness a pumping, there are teams certainly in the pot above above us in the CL that we have either beaten or would not be automatic favourites for the EL; for example.

In another time the EL finalists could well be sitting in pot 2 or 3 of the CL this year. We could’ve also got a more comfortable group (see:them, Real aside) and have a real chance of taking 3rd and potentially even nicking 2nd in the group.

The reality is we’ve drawn one of the best clubs in the world and two teams who have been bang in form at the time of playing them.

I want Rangers playing at the top table. I loved our Europa run last year and was there in Seville like countless others. But the CL is naturally a step-up we should be aiming for.

Our goal should always be win the league and direct CL qualification, whilst contributing to a steady co-efficient that will maintain that entry. Most years, 3rd place in the group shouldn’t be as remote as it is looking right now.
 
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There's a problem now where both parties, teh board and the fans, clearly feel that the other doesn't appreciate what they have done over the years. That's a real breakdown for two groups who are entitled to feel they've put a lot in. Both have.

Something is badly wrong if we are now seeing our directors going out in September (!) trying to convince us that CL money isn't that big a deal. If we seriously couldn't bring in any extra players after CL qualification then we're in some bother.

Added to the horrendous recruitment....it's not great.

CL money, at its absolute maximum, is about £40million. That’s about half of what our directors have put into the club in the last 5/6 years from their own pockets.
 
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