simon 1,758 Posted January 16, 2014 Share Posted January 16, 2014 I have no doubt we are genuinely in the midst of some sort of financial issues, however, I think the players being asked to take a 15% pay cut is a bit of a slap in the face. Firstly, I think our squad is too big. I think we signed too many players that will do nothing more than warm the bench or fill a seat in the stand. However, our wage bill is 37-40% of turnover? That's sustainable, obviously. The board is the issue. As a financial director Brian Stockbridge has directed the equivalent of Sharknado. An absolute clusterfuck of an effort. How much were the non-playing staff payed? Who's fault is it we are in this situation? But who bears the brunt of it yet again? The players. I fear the worst, I really do. You can rubbish me all you want, but I think we missed an opportunity when none of the requestioners were voted in. We need a Rangers man on the board, we need someone who isn't concerned with anyone other than the fans. Quote Link to post Share on other sites More sharing options...
geronimoo 1,491 Posted January 16, 2014 Share Posted January 16, 2014 TBH I can't support this board they don't seem to have a clue. Quote Link to post Share on other sites More sharing options...
willygers4life 1,031 Posted January 16, 2014 Share Posted January 16, 2014 The board took about 1.7 million I think in wages and payoffs I think it was for the 13 month accounts , then you have all the day to day staff on top Quote Link to post Share on other sites More sharing options...
Bertent 2,081 Posted January 16, 2014 Share Posted January 16, 2014 The requisitioner's how would they have cut costs? Or is this really just a vent a stockbridge and the fact the Gru crew were sent packing? Quote Link to post Share on other sites More sharing options...
simon 1,758 Posted January 16, 2014 Author Share Posted January 16, 2014 I don't see how Stockbridge can remain. He had to go. Quote Link to post Share on other sites More sharing options...
willygers4life 1,031 Posted January 16, 2014 Share Posted January 16, 2014 TBH I can't support this board they don't seem to have a clue.The majority of this board has been there 2 month, what have they done that is wrong eh Quote Link to post Share on other sites More sharing options...
Bertent 2,081 Posted January 16, 2014 Share Posted January 16, 2014 TBH I can't support this board they don't seem to have a clue.Youve worked that out in the few weeks they have been in? Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted January 16, 2014 Share Posted January 16, 2014 Three threads now, not having a go but might be time to re-open the financial forum. Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted January 16, 2014 Share Posted January 16, 2014 I don't see how Stockbridge can remain. He had to go.He got voted back in with a large majority at the AGM, I think he'll go eventually but never thought this soon. Quote Link to post Share on other sites More sharing options...
thehost 11,061 Posted January 16, 2014 Share Posted January 16, 2014 Let us knowWhat size of business it is, that you run.Your knowledge and experience of listed companies.Your knowledge and experience of FD's and their roles within listed companies.LastlyYour knowledge of the inner workings of the current RFC board that can justify your above post.If you cannot demonstrate sufficient experience, to the above questions, then why should anyone take your ponderings seriously? Quote Link to post Share on other sites More sharing options...
STEPPS BOY 75,065 Posted January 16, 2014 Share Posted January 16, 2014 You've got to ask why Stockbridge in particular was voted back in at AGM?Incompetent doesn't cover it. Quote Link to post Share on other sites More sharing options...
simon 1,758 Posted January 16, 2014 Author Share Posted January 16, 2014 Let us knowWhat size of business it is, that you run.Your knowledge and experience of listed companies.Your knowledge and experience of FD's and their roles within listed companies.LastlyYour knowledge of the inner workings of the current RFC board that can justify your above post.If you cannot demonstrate sufficient experience, to the above questions, then why should anyone take your ponderings seriously?Don't take them seriously if you don't want to, I don't really care. Quote Link to post Share on other sites More sharing options...
simon 1,758 Posted January 16, 2014 Author Share Posted January 16, 2014 He got voted back in with a large majority at the AGM, I think he'll go eventually but never thought this soon.I don't think the vote was as democratic as we would have hoped. Quote Link to post Share on other sites More sharing options...
JimmyCR1 1,535 Posted January 16, 2014 Share Posted January 16, 2014 There's already a big thread on this Quote Link to post Share on other sites More sharing options...
geronimoo 1,491 Posted January 16, 2014 Share Posted January 16, 2014 Youve worked that out in the few weeks they have been in?Share price is heading like a sinking ship, losing money faster than we can make it, no investment is coming in, our best players will more than likely be sold to balance the books.The club needs investment and it seems they can't do it, I would prefer not to wait till the shit really hits the fan. Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted January 16, 2014 Share Posted January 16, 2014 I don't think the vote was as democratic as we would have hoped.Still most of the shareholding and I doubt any shareholder would want administration. Quote Link to post Share on other sites More sharing options...
RFC55 110,197 Posted January 16, 2014 Share Posted January 16, 2014 We are ran like a fucking shambles, ceos sanctioning crazy deals and crazy mounts for pure shite!Sadly we now have the right CEO but possibly too late ah well fuck us we are only the fans Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted January 16, 2014 Share Posted January 16, 2014 I don't think the vote was as democratic as we would have hoped.Really? Was it not as democratic as any other shareholders vote at any other AGM anywhere?And if not, why in your opinion was it not? Quote Link to post Share on other sites More sharing options...
Monkey Man 91 Posted January 16, 2014 Share Posted January 16, 2014 Let us knowWhat size of business it is, that you run.Your knowledge and experience of listed companies.Your knowledge and experience of FD's and their roles within listed companies.LastlyYour knowledge of the inner workings of the current RFC board that can justify your above post.If you cannot demonstrate sufficient experience, to the above questions, then why should anyone take your ponderings seriously?Why don't you do likewise big mouth? Quote Link to post Share on other sites More sharing options...
nachothelegend 1,932 Posted January 16, 2014 Share Posted January 16, 2014 The requisitioner's how would they have cut costs? Or is this really just a vent a stockbridge and the fact the Gru crew were sent packing?TICKETUS. Quote Link to post Share on other sites More sharing options...
topgoalie 637 Posted January 16, 2014 Share Posted January 16, 2014 I have no doubt we are genuinely in the midst of some sort of financial issues, however, I think the players being asked to take a 15% pay cut is a bit of a slap in the face. Firstly, I think our squad is too big. I think we signed too many players that will do nothing more than warm the bench or fill a seat in the stand. However, our wage bill is 37-40% of turnover? That's sustainable, obviously. The board is the issue. As a financial director Brian Stockbridge has directed the equivalent of Sharknado. An absolute clusterfuck of an effort. How much were the non-playing staff payed? Who's fault is it we are in this situation? But who bears the brunt of it yet again? The players. I fear the worst, I really do. You can rubbish me all you want, but I think we missed an opportunity when none of the requestioners were voted in. We need a Rangers man on the board, we need someone who isn't concerned with anyone other than the fans.Correct,the utter incompetence and above all greed has put us where we are.A brilliant opportunity missed...... Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted January 16, 2014 Share Posted January 16, 2014 I have no doubt we are genuinely in the midst of some sort of financial issues, however, I think the players being asked to take a 15% pay cut is a bit of a slap in the face.Firstly, I think our squad is too big. I think we signed too many players that will do nothing more than warm the bench or fill a seat in the stand. However, our wage bill is 37-40% of turnover? That's sustainable, obviously.The board is the issue. As a financial director Brian Stockbridge has directed the equivalent of Sharknado. An absolute clusterfuck of an effort. How much were the non-playing staff payed? Who's fault is it we are in this situation? But who bears the brunt of it yet again? The players.I fear the worst, I really do. You can rubbish me all you want, but I think we missed an opportunity when none of the requestioners were voted in. We need a Rangers man on the board, we need someone who isn't concerned with anyone other than the fans.Our footballing wage bill was 55%-60% last year, not 37-40% Quote Link to post Share on other sites More sharing options...
bluepeter 5,627 Posted January 16, 2014 Share Posted January 16, 2014 Three threads now, not having a go but might be time to re-open the financial forum.Maybe mate, we'll see what comes of this in the next day or so Quote Link to post Share on other sites More sharing options...
ritchieshearercaldow 22,242 Posted January 16, 2014 Share Posted January 16, 2014 I have no doubt we are genuinely in the midst of some sort of financial issues, however, I think the players being asked to take a 15% pay cut is a bit of a slap in the face.Firstly, I think our squad is too big. I think we signed too many players that will do nothing more than warm the bench or fill a seat in the stand. However, our wage bill is 37-40% of turnover? That's sustainable, obviously.The board is the issue. As a financial director Brian Stockbridge has directed the equivalent of Sharknado. An absolute clusterfuck of an effort. How much were the non-playing staff payed? Who's fault is it we are in this situation? But who bears the brunt of it yet again? The players.I fear the worst, I really do. You can rubbish me all you want, but I think we missed an opportunity when none of the requestioners were voted in. We need a Rangers man on the board, we need someone who isn't concerned with anyone other than the fans.Who was it that signed too many players? Quote Link to post Share on other sites More sharing options...
SeparateEntityMyArse 54,292 Posted January 16, 2014 Share Posted January 16, 2014 Who would invest when the share price is falling, we are spunking money, and there is minimal stability.If Wallace cuts player payroll costs AS PART OF A BIGGER COST CUTTING STRATEGY, this will put us in a better financial footing.He has been here 2 months, said he needed to cost cut, and is trying to do just that.This will lead to investment if achieved imo. Quote Link to post Share on other sites More sharing options...
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