Kinghornloyal
Well-Known Member
Here we go again. Same nonsense posts get posted every now and again.
The boars who are currently in place running the whole club are voted into position by the shareholders at the yearly AGM. Every year shareholders get the chance to vote them out. Every year these mystery billionaire fans waiting in the wings have the opportunity to buy up enough shares to challenge the current board like King etc did. This isn't happening and there is zero talk of anyone even looking at doing this.
I will explain why and maybe people cam read and understand how current Football Finances and FFP works once and for all.
A person or persons wanting to own Rangers at this time would require to buy 51% of the club would have the control of decision. That would cost about £56m for that percentage. He would be required to offer same share price to everyone else. If its accepted his total outlay is £112m.
So that get him the stadium, training ground, players, and brand. Most importantly he gets access to our bank account. At start of season it has season ticket money and maybe Castore money. Not enough to pay our yearly costs.
It also gives him an overall funding bill of about £90m (roughly our outlay each year) We generally have an income about the same so zero profit and in the majority of recent years a loss. The new owner would need to cover this loss. This would generally mean issuing himself new shares and covering the losses. Like we done fro. When King etc came in all through the Gerrard rebuild.
Now this cannot continue to happen as FFP get involved as we cannot keep making losses and using the owners own personally money to just issue himself new shares to cover losses. We end up putting our European License at risk.
So this new owner needs to find new ways of bringing money in. The commercial and sponsorship situation is at an all time high. We are doing great making what we do playing in Scotland. The new owner cannot do a Man City and just create false companies with false sponsorship deals at stupid valuations so he can keep pumping his own money in to fund buying players etc. So that won't happen. He cannot name Ibrox the Mystery Billionaire.com stadium for £200m because again the price of that deal doesn't justify the actual valuation to his company. Wouldn't be allowed.
So see what you have would be a bottomless pit where the owner would need to keep losing his own money repeatedly somehow to just try and compete with Celtic. There isn't a single person or company that would or could run the club this way. Money needs to come in from genuine legal firms. Like prizemoney, sponsorship, commercial, season ticket, ticket sales, European money, transfers. That's it. Not from an owners own pocket.
Tavernieeeerr above is correct 100% the Footballing board is the issue. That needs to be changes completely to actual people who have experience running just the football department.
The manager will get funded with what the club can afford from the clubs income stream. Not outside income or the boards own income.
The boars who are currently in place running the whole club are voted into position by the shareholders at the yearly AGM. Every year shareholders get the chance to vote them out. Every year these mystery billionaire fans waiting in the wings have the opportunity to buy up enough shares to challenge the current board like King etc did. This isn't happening and there is zero talk of anyone even looking at doing this.
I will explain why and maybe people cam read and understand how current Football Finances and FFP works once and for all.
A person or persons wanting to own Rangers at this time would require to buy 51% of the club would have the control of decision. That would cost about £56m for that percentage. He would be required to offer same share price to everyone else. If its accepted his total outlay is £112m.
So that get him the stadium, training ground, players, and brand. Most importantly he gets access to our bank account. At start of season it has season ticket money and maybe Castore money. Not enough to pay our yearly costs.
It also gives him an overall funding bill of about £90m (roughly our outlay each year) We generally have an income about the same so zero profit and in the majority of recent years a loss. The new owner would need to cover this loss. This would generally mean issuing himself new shares and covering the losses. Like we done fro. When King etc came in all through the Gerrard rebuild.
Now this cannot continue to happen as FFP get involved as we cannot keep making losses and using the owners own personally money to just issue himself new shares to cover losses. We end up putting our European License at risk.
So this new owner needs to find new ways of bringing money in. The commercial and sponsorship situation is at an all time high. We are doing great making what we do playing in Scotland. The new owner cannot do a Man City and just create false companies with false sponsorship deals at stupid valuations so he can keep pumping his own money in to fund buying players etc. So that won't happen. He cannot name Ibrox the Mystery Billionaire.com stadium for £200m because again the price of that deal doesn't justify the actual valuation to his company. Wouldn't be allowed.
So see what you have would be a bottomless pit where the owner would need to keep losing his own money repeatedly somehow to just try and compete with Celtic. There isn't a single person or company that would or could run the club this way. Money needs to come in from genuine legal firms. Like prizemoney, sponsorship, commercial, season ticket, ticket sales, European money, transfers. That's it. Not from an owners own pocket.
Tavernieeeerr above is correct 100% the Footballing board is the issue. That needs to be changes completely to actual people who have experience running just the football department.
The manager will get funded with what the club can afford from the clubs income stream. Not outside income or the boards own income.
