How will our club handle lack of finances

Yankeeger

Well-Known Member
Seeing likes of Bayern and Dortmund asking players to take pay cuts how will our own club deal with lack of finances
It’s a precarious position all clubs are finding themselves in with drastic measures surly just around corner
 

Sutton_Blows_goats

Well-Known Member
I think most of our cash is up front from season tickets and will come from uefa tv/prize money.

I'm not sure how much we make on match days. Other than tickets. I'm sure any food, merch from the super store doesnt go to us.

Dont think we'll miss the ticket sales from 342 fans in the away end.

Happy to be corrected.
 

xd182

Well-Known Member
If our club need the money then I'd rather we had transparency like other clubs across Europe have done. This is not the time to keep quiet and act like everything is nice and rosy. If that means our players should be asked to take a pay cut or deffer their wages, then so be it. If that means that our club ask for next seasons Season Ticket money, then so be it.

I would hope that the club is not keeping quiet purely to stop any negative press (because I'm sure that would quickly follow). Let the press have their columns and let the blogs speculate that we'll be going into administration or whatever. Do what is right for our club. Now is not the time to act like the big man.
 

Valley Bluenose

Well-Known Member
The sale of season tickets would generate some income. I did see a report today though that the Dhims have gone down that route but, after an initial flurry, sales have dropped off a cliff due to folks uncertainty about money coming in over the next few months. You wouldn't think that would be the case for them, their dole money is surely as 'guaranteed' as it gets.
 

Smkz23

Well-Known Member
Give people the option to buy next season’s season ticket on a credit card without a handling fee.

No deadline (as yet) as not everybody will be in a position to weigh in at this difficult time.
they already do that don’t they? I’m sure I paid for mine on my credit card without a fee.
 

HamiltonJungleBear

Active Member
I am a season ticket holder but I would not commit to buying my season ticket until the players took some sort of wage cut.

We are all in this together.
Agree to an extent but i’m fortunate enough that I can help the club if they ask. It’ll need to be a multi pronged approach- fans, players and shareholders. If we all do our bit promptly then by example everyone will follow, follow and do their bit.
 

Tommatti1872

New Member
Seeing likes of Bayern and Dortmund asking players to take pay cuts how will our own club deal with lack of finances
It’s a precarious position all clubs are finding themselves in with drastic measures surly just around corner
I think after the way the player’s have let us down with that horrific start after the break they could offer to not take a wage and help pay the staff. Not as if they are gonna miss a wage for a few months.
 

Fernando26

Active Member
I’m not suggesting it should happen but could the club enforce the capped 80% government pay fund to players?
 

jweebear

Well-Known Member
I think we will all have to dig deep again, this time though we are ready for it and know the score. Some clubs don't know the script and haven't been through what we have, so could make mistakes too.
 

Youngsa

Well-Known Member
I would fully expect the club to ask all shareholders and fans to dig deep along with the players sharing some of the pain. Possible early sale of season tickets but as nobody knows when next season will actually start and what it will look like, I suspect the main part of any shortfall will be from the usual sources
 

cambridgeblue

Well-Known Member
Whilst revenue is zero, some costs will reduce - the policing of games and win bonuses are down.

The impact on our club is dependant on the length of time without football - simple as that.

As that is unknown then so is the impact.
 

Robert Marshall

Well-Known Member
I’m not suggesting it should happen but could the club enforce the capped 80% government pay fund to players?
The Government is giving companies 80% of the wages so they can keep their workforce. It is up to the companies if they want/afford to give the other 20%
 

Tugay83

Well-Known Member
The issue is going to come in the summer for us. Thats when a lack of cashflow could really hurt us. Could well be a situation where European qualifiers are delayed. That's a significant chunk of our ticket sales and broadcasting income.

We were no doubt counting on selling a few players too, specifically Morelos for a big fee. That's up in the air as wrll right now. Over and above that we are going to see a generational recession and some ST holders just might not be able to afford to renew, corporate business will take a hit, etc etc.
 

Robert Marshall

Well-Known Member
The issue is going to come in the summer for us. Thats when a lack of cashflow could really hurt us. Could well be a situation where European qualifiers are delayed. That's a significant chunk of our ticket sales and broadcasting income.

We were no doubt counting on selling a few players too, specifically Morelos for a big fee. That's up in the air as wrll right now. Over and above that we are going to see a generational recession and some ST holders just might not be able to afford to renew, corporate business will take a hit, etc etc.
I think a lot of ST holders and Hospitality will be suffering
 

Walters80

Well-Known Member
Can’t imagine Rangers would have made a huge amount from the last 3-4 home league games given most of the attendance would have been season tickets anyway.

Like all clubs if we can’t start selling Season tickets and Uefa don’t want to live in reality by May/June time and no European prize money is handed out by then it’s likely we’ll be effected by this in terms of wage cuts etc.

We certainly won’t be making any signings I don’t think till we have 100% confirmation the league will go ahead next season. Talk of the window being extended till January which would make sense.
 

KensingtonBlue

Well-Known Member
Talk of share issues, advance season ticket is utter fantasy.

Unemployment is skyrocketing, people are worried about ensuring they have a roof over their head and food on the table. You'll get very little appetite for advance payment of tickets. Football simply doesn't matter to most people at a time like this.

We'll cut our cloth accordingly like everyone else has to. We're all in the same boat. Players will take a wage cut, some will probably be made redundant. Everything will come to a standstill for the foreseeable future. If this goes on longer than 6 months, clubs will stop paying players entirely and it will be madness. At which time we'll probably see closed door games just to keep the lights on in football generally.

Crazy times but as worrying as it is for us, there are many clubs worse off.
 

jefftracy

Well-Known Member
I think we will all have to dig deep again, this time though we are ready for it and know the score. Some clubs don't know the script and haven't been through what we have, so could make mistakes too.
I think this is an important point, We will have to dig deep but hopefully we are now in a position where the club can tell us exactly the amount we need and can explain it, and I think we will rise to the challenge. In the dark days while we were desperate to help nobody knew where the money was going which ultimately must have stopped people contributing.
 

cammyranger

Active Member
Although there will still be an expected shortfall, getting the game v Leverkusen 2 weeks ago played with a crowd was absolutely massive to us financially - we had the bonus of banking a few million in ticket sales that otherwise would’ve been a bigger black hole to cover.
 

Valley Bluenose

Well-Known Member
Talk of share issues, advance season ticket is utter fantasy.

Unemployment is skyrocketing, people are worried about ensuring they have a roof over their head and food on the table. You'll get very little appetite for advance payment of tickets. Football simply doesn't matter to most people at a time like this.

We'll cut our cloth accordingly like everyone else has to. We're all in the same boat. Players will take a wage cut, some will probably be made redundant. Everything will come to a standstill for the foreseeable future. If this goes on longer than 6 months, clubs will stop paying players entirely and it will be madness. At which time we'll probably see closed door games just to keep the lights on in football generally.

Crazy times but as worrying as it is for us, there are many clubs worse off.
Tucked away in an article about the Dhims in the Record today:

In order to keep income ticking over season tickets for 2020/21 were recently put on early sale but it’s understood, after a strong start, the numbers have been drying up as the current Covid-19 crisis deepens.
 
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SOB-WATP

Well-Known Member
Official Ticketer
Players and manager should be giving up a % of their wages.

Their sat at home doing nothing earning £10K+ a week.

Every other person in just about every other industry is struggling just now.. footballers should be no different if the club begins to struggle.

I'll be pissed off if the club come to us the fans again before they look st the playing/ managerial staff.
 

George Goudie

Well-Known Member
Official Ticketer
At which time we'll probably see closed door games just to keep the lights on in football generally.
Why are certain posters persisting in this fallacy?

Why do you think that would generate income?

Why are you ignoring what the PFA statement addresses?

Why persist? Given the volume of these posts, I worry what the answer might be.
 
Why are certain posters persisting in this fallacy?

Why do you think that would generate income?

Why are you ignoring what the PFA statement addresses?

Why persist? Given the volume of these posts, I worry what the answer might be.
Completing the season generates income for teams because the tv money and the prize pool that is currently sitting in limbo gets released.

The PFA only has so much power. If the league decides to press ahead and the clubs request that their players play games there isn't much anyone can do to stop it happening.

The only way this season gets concluded is behind closed doors imo.
 

tazzabear

Well-Known Member
If our club need the money then I'd rather we had transparency like other clubs across Europe have done. This is not the time to keep quiet and act like everything is nice and rosy. If that means our players should be asked to take a pay cut or deffer their wages, then so be it. If that means that our club ask for next seasons Season Ticket money, then so be it.

I would hope that the club is not keeping quiet purely to stop any negative press (because I'm sure that would quickly follow). Let the press have their columns and let the blogs speculate that we'll be going into administration or whatever. Do what is right for our club. Now is not the time to act like the big man.
I tried to post this on an earlier thread that was deleted.
We don’t know if these discussions have taken place.
It’s possible that we don’t want to go public with this at the minute because of the obvious fallout there’d be from this.
The press, to my mind, would have a field day if Rangers announced this, more so, if we’re amongst the first to do so.
The references to 2012 will be plentiful.
Regardless of the unique situation, we’ll be accused of financial mismanagement.
King and the board will be slaughtered.
King will be challenged on his £30m spend claim and his “spending the children’s inheritance” comment.
My thoughts here might be pie in the sky but, I’m not going to slate the board or the club until I know they’ve done something wrong.
This “transparency” word has become a noose.
 
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