MayboleLoyal_atb 3,688 Posted October 1, 2013 Share Posted October 1, 2013 Is pay offs included in wage bill? If yes then 7 million isn't that much compared to the amount we paid off. Quote Link to post Share on other sites More sharing options...
North Rd 2,860 Posted October 1, 2013 Share Posted October 1, 2013 Boss, what does this point mean...point 15 16.1m due from a 'subsidiary'...? Quote Link to post Share on other sites More sharing options...
Shuggy 1,308 Posted October 1, 2013 Share Posted October 1, 2013 These accounts are at first look absolutely disastrous.Two points which are clear and terrifying:1) Even without the 4.2 million of non-recurring costs we have a deficit of around £10 million a year which means costs have to be slashed or income needs to be increased massively to fill that gap. So far the board have produced no tangible plan to do this and worryingly don't even appear that interested in tackling the issue.2) It is clear that with current operating expenses and no credit line we will run out of funds very soon, I would guess although it is difficult to be specific due to unknown variables that this will happen at some point in February. There has been no plan produced by the board about how they plan to raise the necessary capital to avoid us running out of money and essentially becoming insolvent.We need wholesale changes to the board as with the current lack of transparency and long term planning we have no chance of obtaining sufficient investment to stave off administration.Clarification is needed on how much of those operating costs were one off capital investments and refurbs. Does it include the wifi and screen upgrades? Quote Link to post Share on other sites More sharing options...
simplythechamps08 2 Posted October 1, 2013 Share Posted October 1, 2013 Clarification is needed on how much of those operating costs were one off capital investments and refurbs. Does it include the wifi and screen upgrades?Non-recurring costs are listed as 4.2 million. Without these we have a £10 million black hole to fill which means we need to achieve a combination of substantially increased revenue streams which will be difficult in this division and drastic cost cutting. The problem is these will take time and with no credit line in place I really hope the board have a plan in place to obtain additional capital to keep us solvent in the interim. If they don't produce a plan for this prior to the AGM then they must be voted off. Quote Link to post Share on other sites More sharing options...
Popular Post Carsons Dog 9,878 Posted October 1, 2013 Popular Post Share Posted October 1, 2013 We need to do two more things to move forward1 Half the wages of Ally and his 2 sidekicks2 Dispense with ANY board bonuses until we get in to the top divisionJob done gogzy, Redsox1, Rangers_no1 and 6 others 9 Quote Link to post Share on other sites More sharing options...
simplythechamps08 2 Posted October 1, 2013 Share Posted October 1, 2013 We need to do two more things to move forward1 Half the wages of Ally and his 2 sidekicks2 Dispense with ANY board bonuses until we get in to the top divisionJob doneOkay that may save £2 million pounds a year but we would still have a deficit of £8 million a year according to these accounts so far from job done. Quote Link to post Share on other sites More sharing options...
TravelingWilBEARy 4,319 Posted October 1, 2013 Share Posted October 1, 2013 Your wrongIt's a major part of exactly what's wrong - our inflated wage billThe non-playing wage bill is around £10m, yet people are focusing solely on McCoist's £800k. RAFREG, surfsup2, Essandoh and 1 other 4 Quote Link to post Share on other sites More sharing options...
1st_Jan_1994 4,868 Posted October 1, 2013 Share Posted October 1, 2013 The non-playing wage bill is around £10m, yet people are focusing solely on McCoist's £800k.Yeah Non playing staff of over 300 and McCoist accounts for almost one tenth of that wage alone - take into account what we've done and not done under him and some of the results, cup exits and performances can you honestly say that side of things is hunky dory ? Quote Link to post Share on other sites More sharing options...
AllyDawson72 213 Posted October 1, 2013 Share Posted October 1, 2013 7.8 million pound first team wage bill for fourth tier of Scottish football.WOW.Paid 300k more than michael laudrup and the same as alan pardew !! No wonder he didn't do walking away! This has to be addressed or we are heading for trouble again. Quote Link to post Share on other sites More sharing options...
gmcf 34,175 Posted October 1, 2013 Share Posted October 1, 2013 We need to do two more things to move forward1 Half the wages of Ally and his 2 sidekicks2 Dispense with ANY board bonuses until we get in to the top divisionJob doneAgreed. Like I said earlier , the board should use the AGM to announce this. Hopefully that will quieten down some of the dissent. Particularly regards the board, but the management team would also be a big help. Quote Link to post Share on other sites More sharing options...
TravelingWilBEARy 4,319 Posted October 1, 2013 Share Posted October 1, 2013 You typed that with a straight face?Is it not obvious why? They have never seen things clearly and have always agendas and arrogance beyond beliefThey will put their own spin on things regardless to justify the destruction and brain washing they've been responsible forI can't believe that a website with thousands of members all think as one. *Manticore* 1 Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted October 1, 2013 Share Posted October 1, 2013 Okay that may save £2 million pounds a year but we would still have a deficit of £8 million a year according to these accounts so far from job done.10% on the ST's would helpAs would a cup run (Ally to note), promotion, increased revenue as a result of those etc etc, increased revenue from Edmiston House, Albion, Ibrox BarThe next 2 years will see revenue rise dramaticallyWe were never going to make money in Year 1 so why do people think otherwise?It's the costs we need to peg back surfsup2 1 Quote Link to post Share on other sites More sharing options...
The Godfather 71,893 Posted October 1, 2013 Share Posted October 1, 2013 Well there are lots to improve on, the money we have and are currently spending in the lower leagues on players and coaching staff is a shambles IMO. It’s just not needed and I bet my life when we get back to the top we will be looking to revamp the squad again so really needless spending in leagues we would not struggle in anyway. It’s obviously better than some people were making out it was going to be but just because the results aren’t putting us under does not mean we shouldn’t be looking to sort certain things out johnw 1 Quote Link to post Share on other sites More sharing options...
TravelingWilBEARy 4,319 Posted October 1, 2013 Share Posted October 1, 2013 YeahNon playing staff of over 300 and McCoist accounts for almost one tenth of that wage alone - take into account what we've done and not done under him and some of the results, cup exits and performances can you honestly say that side of things is hunky dory ?You should maybe save your McCoist bashing for weeks where we only win 1-0, rather than 8-0. He doesn't set the terms of his contract and he's not obliged to take a wage cut (although he is in the process of taking one) so people should maybe focus on those who hold the purse strings. Someone said the wage he was accepting was 'vile', the agendas are getting tiresome. WadeWilson and Essandoh 2 Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted October 1, 2013 Share Posted October 1, 2013 Anyone heard from the gullible idiot - Dainty Denise?He was on the Erskine Bridge at about 8.45 Quote Link to post Share on other sites More sharing options...
gmcf 34,175 Posted October 1, 2013 Share Posted October 1, 2013 The non-playing wage bill is around £10m, yet people are focusing solely on McCoist's £800k.It's a big club , employing a lot of people, so were going to have a big wage bill. However we should cut where we can, starting with the top earners. Personally I'd start with the directors ( huge cut or better still no bonus ) , but management team could maybe have theirs restructured. Quote Link to post Share on other sites More sharing options...
Popular Post Paisleybear1872 136 Posted October 1, 2013 Popular Post Share Posted October 1, 2013 I think you`ll find the truth is nearer RM way compared to the vhermin riddled swamps views.It's actually the most embarrassing thing ever that fans take sides against fellow fans over a fucking football forum It's a forum! No need for such extreme partisan support. Rangers fans, grown men on forums hating and slagging other people on another forum is absolutely ridiculous. *Manticore*, TravelingWilBEARy, Inigo and 2 others 5 Quote Link to post Share on other sites More sharing options...
j1mgg 3,766 Posted October 1, 2013 Share Posted October 1, 2013 You should maybe save your McCoist bashing for weeks where we only win 1-0, rather than 8-0. He doesn't set the terms of his contract and he's not obliged to take a wage cut (although he is in the process of taking one) so people should maybe focus on those who hold the purse strings. Someone said the wage he was accepting was 'vile', the agendas are getting tiresome.Yes, but you can't bash the directors wages without look at the managements wages as well. Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted October 1, 2013 Share Posted October 1, 2013 10% on the ST's would helpAs would a cup run (Ally to note), promotion, increased revenue as a result of those etc etc, increased revenue from Edmiston House, Albion, Ibrox BarThe next 2 years will see revenue rise dramaticallyWe were never going to make money in Year 1 so why do people think otherwise?It's the costs we need to peg backI agree with you on the cutting of the management salary and the haulting of bonues until the SPL.Not sure I agree that the Albion and Ed House will be generating revenue any time soon though. If anything they will be a short term cost to get up and running, and only at some stage in the future will they generate revenue.Our merchandising deal and shops should help bridge the gap, but we still need to do more IMO. The bar is a good addition. Quote Link to post Share on other sites More sharing options...
Jodz 98 Posted October 1, 2013 Share Posted October 1, 2013 Seem ok to me, non playing figures too high but then I'm no accountant. Appologies to the board, drink in wit oot and all that Quote Link to post Share on other sites More sharing options...
TravelingWilBEARy 4,319 Posted October 1, 2013 Share Posted October 1, 2013 Yes, but you can't bash the directors wages without look at the managements wages as well.Apparently you can bash the managers wages without looking at anything else at all. WadeWilson 1 Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted October 1, 2013 Share Posted October 1, 2013 I agree with you on the cutting of the management salary and the haulting of bonues until the SPL.Not sure I agree that the Albion and Ed House will be generating revenue any time soon though. If anything they will be a short term cost to get up and running, and only at some stage in the future will they generate revenue.Our merchandising deal and shops should help bridge the gap, but we still need to do more IMO. The bar is a good addition.The Albion is generating money now Quote Link to post Share on other sites More sharing options...
MayboleLoyal_atb 3,688 Posted October 1, 2013 Share Posted October 1, 2013 The 5.5 million used to buy us was paid back with the IPO money? Quote Link to post Share on other sites More sharing options...
sassaaaa 11,406 Posted October 1, 2013 Share Posted October 1, 2013 McCoists wages and his two sidekicks are just a joke and he knew it , thats why he came out with the wage cut news before these results came out .It should not be ignored that the suits have taken far more from us though.......... Quote Link to post Share on other sites More sharing options...
KingKirk 25,647 Posted October 1, 2013 Share Posted October 1, 2013 Apart from the money being paid to non playing staff been to high these are accounts are nothing more than I expected for this level we are at.. Upwards we go Quote Link to post Share on other sites More sharing options...
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