Jump to content

Motherwell board says loss of Rangers could put Well into administration


Recommended Posts

Motherwell FC has warned its fans of the financial consequences of a newco Rangers being voted out of the SPL© SNS Group

Voting a keep a newco Rangers out of the SPL could plunge Motherwell into administration, the club has told fans.

In guidance issued to supporters of the Lanarkshire club, posted on the Motherwell fans’ site Fir Park Corner, Motherwell estimated that it would lose more than £900,000 in income without Rangers in the league.

That sum will have to be balanced out with investment from the fans, otherwise it could be tipped into administration, says the club’s board.

Motherwell FC is in the process of moving to a fan ownership model, as majority shareholder John Boyle pledges his stake in the Fir Park club to a group of supporters in the form of the Well Society.

The society’s members are being polled on whether to allow a newco to enter the SPL after Rangers FC began the process of being liquidated.

The breakdown of costs that Motherwell foresee if the newco is voted out of the league are a loss of £600,000 from SPL revenues, made up of sponsorships and the television deal for the league.

The club expects to lose £275,000 in gate receipts from Rangers supporters and estimates a drop of £40,000 in matchday hospitality and sponsorship.

If the newco is allowed to enter the SPL, Motherwell still expects to make losses in gate receipts as it anticipates that fans will stay away for reasons of “sporting integrity”.

In conclusion, the guidance note states: “Whatever decision is made on the newco vote by the SPL clubs, the financial position of Motherwell Football Club will suffer. There are clear risks to the financial stability and very future of this club presented by the current situation.

“In the event of serious financial difficulty, the board will have to look to the members, shareholders and supporters to step up their support for the club and the Well Society. This is likely to be in the form of increased prices, higher attendances and further Society memberships and contributions.

“It is clear that if we are unable to replace significant amounts of income lost under either scenario, the club would be facing an insolvency event. This would lead to a 21 point reduction.”

http://sport.stv.tv/football/clubs/motherwell/107668-motherwell-board-says-loss-of-rangers-could-put-well-into-administration/

This SPL vote ain't cut and dry yet. :sherlock:

Link to post
Share on other sites

  • Replies 70
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Motherwell FC has warned its fans of the financial consequences of a newco Rangers being voted out of the SPL© SNS Group

Voting a keep a newco Rangers out of the SPL could plunge Motherwell into administration, the club has told fans.

In guidance issued to supporters of the Lanarkshire club, posted on the Motherwell fans’ site Fir Park Corner, Motherwell estimated that it would lose more than £900,000 in income without Rangers in the league.

That sum will have to be balanced out with investment from the fans, otherwise it could be tipped into administration, says the club’s board.

Motherwell FC is in the process of moving to a fan ownership model, as majority shareholder John Boyle pledges his stake in the Fir Park club to a group of supporters in the form of the Well Society.

The society’s members are being polled on whether to allow a newco to enter the SPL after Rangers FC began the process of being liquidated.

The breakdown of costs that Motherwell foresee if the newco is voted out of the league are a loss of £600,000 from SPL revenues, made up of sponsorships and the television deal for the league.

The club expects to lose £275,000 in gate receipts from Rangers supporters and estimates a drop of £40,000 in matchday hospitality and sponsorship.

If the newco is allowed to enter the SPL, Motherwell still expects to make losses in gate receipts as it anticipates that fans will stay away for reasons of “sporting integrity”.

In conclusion, the guidance note states: “Whatever decision is made on the newco vote by the SPL clubs, the financial position of Motherwell Football Club will suffer. There are clear risks to the financial stability and very future of this club presented by the current situation.

“In the event of serious financial difficulty, the board will have to look to the members, shareholders and supporters to step up their support for the club and the Well Society. This is likely to be in the form of increased prices, higher attendances and further Society memberships and contributions.

“It is clear that if we are unable to replace significant amounts of income lost under either scenario, the club would be facing an insolvency event. This would lead to a 21 point reduction.”

http://sport.stv.tv/football/clubs/motherwell/107668-motherwell-board-says-loss-of-rangers-could-put-well-into-administration/

This SPL vote ain't cut and dry yet. :sherlock:

Link to post
Share on other sites

This SPL vote ain't cut and dry yet. :sherlock:

It's only one, but if the 1st Division and other SFL clubs block a Div 1 route, I could see more fold as a three year deficit due to a league without us is far less sustainable.

What threatened to be a landslide against us may turn out to be rather closer than initially thought.

You may even see one or two break ranks now.

I had suspected the SPL's "pre SPL meeting" meeting was going to be a chance for those who are possibly in similar position to persuade the others to be more wary of their actions. Indeed, it may even be that the more reasonable and reasoned ones called the meeting.

Link to post
Share on other sites

Hmmmmm sounds like a stark warning to the motherwell fans that maybe they should think of the bigger picture instead of sticking the boot in.

How many other clubs are gonnae cut their noses off to spite their face?

Link to post
Share on other sites

Last Season Motherwell's income from non-season tickets was:

31% Rangers

29% Celtic

31% from the other diddy teams

& 9% from Motherwell fans (non ST).

Total income from non-ST sales: £970k

:lol:

oh, and if they go into administration, they lose 22 points thanks to the new sanctions the lunatics voted for. good luck muddawell (tu)

Link to post
Share on other sites

Where's the fucking sense in this. We need Rangers in the SPL or we will go into administration, but we'll just just let our fans pick. Seriously?!

What kind of chairman would let the fans pick, when they will probably cut their noses off to spite their face.

If Motherwell need Rangers then the men in charge should at least have the balls to say it doh

Link to post
Share on other sites

Last Season Motherwell's income from non-season tickets was:

31% Rangers

29% Celtic

31% from the other diddy teams

& 9% from Motherwell fans (non ST).

Total income from non-ST sales: £970k

:lol:

oh, and if they go into administration, they lose 22 points thanks to the new sanctions the lunatics voted for. good luck muddawell (tu)

Their scheme to fuck us up is already backfiring on other Scottish clubs, fucking fools doh

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Upcoming Events

    • 30 March 2024 15:00 Until 17:00
      0  
      Rangers v Hibernian
      Ibrox Stadium
      Scottish Premiership

×
×
  • Create New...