Another clown has a go

[barkie 201]

by Tony Yorke

20th December 2012 10:16am

I have a lot of admiration for what Charles Green and his consortium of investors have achieved at Rangers in a very short space of time.

The Glasgow giants have seen their off-the-field fortunes turned around in dramatic fashion as Green, and his good, old-fashioned business principles, have helped restore some much-needed credibility and stability to the Ibrox outfit.

It was, therefore, something of a surprise to learn that Green has promised manager, Ally McCoist, a transfer kitty of up to £30 million in the months ahead, after the club floated on the London Stock Exchange.

Let’s not beat about the bush here: this flotation will be a disappointment to Green and Rangers. It was, in effect, a snub from the City.

The net proceeds from yesterday’s flotation were just £22.2 million – some £2.3 million short of what Green and the club’s investment advisers had valued Rangers shares at.

By any standards, that’s a big shortfall – particularly as Green has publicly pledged to keep the finances of Rangers permanently in the black, not the red.

To have lost out on £2.3m – more than 10% of what he had hoped to receive – must mean there will be cutback in the scale of the vision that is outlined in the club’s Offer Document that every investor received prior to parting with their cash.

So to start talking about splashing out £30m is either a foolhardy statement, made at an unguarded moment, or something bordering on the crass.

My real hope is this is just a PR stunt designed to gloss over the fact the flotation didn’t go as well as the club envisaged. After all, Green has made a lot of noise in recent weeks about what Rangers will be doing when they get this much-needed cash injection.

And let’s face it, Green’s reputation is on the line.

But should he break his promise to the City and the club’s fans, by pushing player spending beyond 33% of the club’s turnover, then he’ll join a long list of businessmen who have promised to do so much, yet delivered no change to the status quo at all.

I don’t think Green is another also-ran whose desperate to be "Mr Popular".

Let’s hope I’m right, as the last thing this club needs is a return to the old, reckless ways of the Murray and White eras.

http://www.sportsdirectnews.com/tony-yorke/10561-tis-the-season-for-rangers-folly.php#.UNL0rqxn7fk

Maybe his boss should set him straight

[Redwhiteandblue 3,330]

No, it was over 2m than what Charles estimated. And not once did he say Ally would have 30m, he said 10m.

What a fucking idiot.

[Redwhiteandblue 3,330]

Cant even spell Whyte correctly!!

Is this a real jurno?

[Smile 26,624]

The hurt from the bitter ones is refreshing to watch, Plus the needless obsession.

[barkie 201]

It's Sports Direct !!!

[Ozblue 4,332]

It just shows that you don't have to have a fucking long neck to be a goose

[ZZed 4,560]

Basic facts ffs.Can they not do any reseach or do they just make it up as they go along.

[Falcoholic 1,348]

Whyte was never, by any stretch of the most vivid imagination, an era.

More O'bsession and bhitterness.

F**k them all!!

[LiverpoolBlue 1,414]

As I read it, Ally would have 10m .. with more to come after next seasons ST's have been sold. Some only read what they want to read.

Besides, looking at the quotes in Bombaybadboy08's thread "money experts were optimistic about the club’s flotation" I'd rather believe a money expert than some from Sports Direct

[Smile 26,624]

It's Sports Direct !!!

They must be fucking stupid then, Green bought the club for 5.5 million and its now worth 23 million do the math.

[Carsons Dog 9,878]

Another desperate Opus Mafioso clutching at straws

[bornabear 6,275]

I was reading a Financial report this morning which stated the issue was oversubscribed.

Now who do I believe, a report from a financial expert or a bitter numpty.

This just makes me laugh and laugh loudly.

It is time we got rid of sectarian schools as they can't tell fact from fiction and are educated to the level of a village idiot.

[barkie 201]

Here is more of his shite, who is this idiot.

Sportsdirect are our reatil partner someone should give him his P45 for xmas

by Tony Yorke

19th December 2012 1:18pm

Exclusive

Rangers, the fallen giants of Scottish football, have suffered a stock market snub after its eagerly awaited flotation raised less cash than it was anticipating.

Gers, who are currently top of the Scottish Third Division after being demoted from the SPL in the summer, raised just £22.2 million when its shares were listed on the Alternative Investment Market – more than 10% below what the club had hoped to bank.

SportsDirect News has learned the club was hoping to net at least £24.5 million from investors, as the new club sets about the task of rising from the lowest tier of Scottish professional football.

The shortfall will be a blow to supporters and the club’s directors alike, as Gers have promised to cap players salaries to just a third of the club’s overall turnover.

In its Offer Document to shareholders, the club also pledged to put in place strict spending controls, in line with Uefa’s Financial Fair Play Rules, which may prevent manager Ally McCoist from buying big name players. Redevelopment plans for the Ibrox Stadium could also be delayed or scrapped.

“The Board is committed to living within its means and ensuring expenditure is controlled as a proportion of turnover,” Rangers told the London Stock Exchange. “As such, the Directors intend to control expenditure to the extent required and postpone further development plans in the event that any requirement for additional funding is identified.”

[Buggleskelly 3,772]

Opus Dei at work here.

[nelsonRFC82 305]

Here is more of his shite, who is this idiot.

Sportsdirect are our reatil partner someone should give him his P45 for xmas

by Tony Yorke

19th December 2012 1:18pm

Exclusive

Rangers, the fallen giants of Scottish football, have suffered a stock market snub after its eagerly awaited flotation raised less cash than it was anticipating.

Gers, who are currently top of the Scottish Third Division after being demoted from the SPL in the summer, raised just £22.2 million when its shares were listed on the Alternative Investment Market – more than 10% below what the club had hoped to bank.

SportsDirect News has learned the club was hoping to net at least £24.5 million from investors, as the new club sets about the task of rising from the lowest tier of Scottish professional football.

The shortfall will be a blow to supporters and the club’s directors alike, as Gers have promised to cap players salaries to just a third of the club’s overall turnover.

In its Offer Document to shareholders, the club also pledged to put in place strict spending controls, in line with Uefa’s Financial Fair Play Rules, which may prevent manager Ally McCoist from buying big name players. Redevelopment plans for the Ibrox Stadium could also be delayed or scrapped.

“The Board is committed to living within its means and ensuring expenditure is controlled as a proportion of turnover,” Rangers told the London Stock Exchange. “As such, the Directors intend to control expenditure to the extent required and postpone further development plans in the event that any requirement for additional funding is identified.”

Even what he is saying his true, his deductions of what the implications may be are nonsensical.

Because of a supposed £2m shortfall in the share issue, we now have to impose stricter controls on our wage bill, can no longer give McCoist a transfer kitty and have to call off development plans for the stadium and surrounding area...fuck me, we were going to get a lot for our money if we could do all that with this extra £2m!

[johanhentze 14,799]

I really hate it when these people can't, or choose not to, read properly!

[Bad Robot 21,513]

Hurting much!!! they really are pathetic

[SectionRedHMS 190]

by Tony Yorke

20th December 2012 10:16am

I have a lot of admiration for what Charles Green and his consortium of investors have achieved at Rangers in a very short space of time.

The Glasgow giants have seen their off-the-field fortunes turned around in dramatic fashion as Green, and his good, old-fashioned business principles, have helped restore some much-needed credibility and stability to the Ibrox outfit.

It was, therefore, something of a surprise to learn that Green has promised manager, Ally McCoist, a transfer kitty of up to £30 million in the months ahead, after the club floated on the London Stock Exchange.

Let’s not beat about the bush here: this flotation will be a disappointment to Green and Rangers. It was, in effect, a snub from the City.

The net proceeds from yesterday’s flotation were just £22.2 million – some £2.3 million short of what Green and the club’s investment advisers had valued Rangers shares at.

By any standards, that’s a big shortfall – particularly as Green has publicly pledged to keep the finances of Rangers permanently in the black, not the red.

To have lost out on £2.3m – more than 10% of what he had hoped to receive – must mean there will be cutback in the scale of the vision that is outlined in the club’s Offer Document that every investor received prior to parting with their cash.

So to start talking about splashing out £30m is either a foolhardy statement, made at an unguarded moment, or something bordering on the crass.

My real hope is this is just a PR stunt designed to gloss over the fact the flotation didn’t go as well as the club envisaged. After all, Green has made a lot of noise in recent weeks about what Rangers will be doing when they get this much-needed cash injection.

And let’s face it, Green’s reputation is on the line.

But should he break his promise to the City and the club’s fans, by pushing player spending beyond 33% of the club’s turnover, then he’ll join a long list of businessmen who have promised to do so much, yet delivered no change to the status quo at all.

I don’t think Green is another also-ran whose desperate to be "Mr Popular".

Let’s hope I’m right, as the last thing this club needs is a return to the old, reckless ways of the Murray and White eras.

http://www.sportsdirectnews.com/tony-yorke/10561-tis-the-season-for-rangers-folly.php#.UNL0rqxn7fk

Maybe his boss should set him straight

What has amazed me in all the feeding frenzy surrounding Rangers is the appalling standard of journalism in the UK.Can't help but think it may be down to the schools.

[Redwhiteandblue 3,330]

Does anyone have Mike Ashleys email address?

Am pretty sure he wont be happy with one of his employees lying and disvaluing his investment.

[IanFerguson2012 123]

If he works for Sports Direct maybe he is trying to get Rangers thinking they need money quick like from selling the name of the stadium, or maybe he is just a daft idiot with no clue about the facts.

[Redwhiteandblue 3,330]

If he works for Sports Direct maybe he is trying to get Rangers thinking they need money quick like from selling the name of the stadium, or maybe he is just a daft idiot with no clue about the facts.

There is lies, mis-quotes and spelling mistakes in that article.

It's a fucking joke piece.

[bombaybadboy08 15,660]

Fanny.

Why let facts get in the way of having a pop at Rangers.

[ritchieshearercaldow 22,450]

So this guy writes for a retailer who's owner is investing in the club, is he trying to alienate the Rangers support by this pish article?

[gogzy 31,195]

Here is more of his shite, who is this idiot.

Sportsdirect are our reatil partner someone should give him his P45 for xmas

by Tony Yorke

19th December 2012 1:18pm

Exclusive

Rangers, the fallen giants of Scottish football, have suffered a stock market snub after its eagerly awaited flotation raised less cash than it was anticipating.

Gers, who are currently top of the Scottish Third Division after being demoted from the SPL in the summer, raised just £22.2 million when its shares were listed on the Alternative Investment Market – more than 10% below what the club had hoped to bank.

SportsDirect News has learned the club was hoping to net at least £24.5 million from investors, as the new club sets about the task of rising from the lowest tier of Scottish professional football.

The shortfall will be a blow to supporters and the club’s directors alike, as Gers have promised to cap players salaries to just a third of the club’s overall turnover.

In its Offer Document to shareholders, the club also pledged to put in place strict spending controls, in line with Uefa’s Financial Fair Play Rules, which may prevent manager Ally McCoist from buying big name players. Redevelopment plans for the Ibrox Stadium could also be delayed or scrapped.

“The Board is committed to living within its means and ensuring expenditure is controlled as a proportion of turnover,” Rangers told the London Stock Exchange. “As such, the Directors intend to control expenditure to the extent required and postpone further development plans in the event that any requirement for additional funding is identified.”

[gogzy 31,195]

I can now exclusivley bring you pictures of Sports direct media office.