KingKirk 25,633 Posted January 23, 2014 Share Posted January 23, 2014 So go ahead with that irrespective of financial risk?I would say that given the amount of money we have given the club these last 18months.. It is sickening that were even talking about weather we can or can't afford it. 10 million should've been saved to spend on squad when it was needed. We need major investment to challenge for the perm. They'll need to get it from somewhere, or starting that season is pointless Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted January 23, 2014 Share Posted January 23, 2014 Is everyone seeing something im not?All I see is a headline. No quotes.Should we not wait to see what he is actually saying before we jump on him? Quote Link to post Share on other sites More sharing options...
Fools Gold 488 Posted January 23, 2014 Share Posted January 23, 2014 I have said from day one they are trying to change things to quickly.. Cuts are needed but not as deep as people are making out.. Rangers can handle 2-4 million debt easyThat is pish, good sir.The whole spend, spend, spend mantra was what got us in the shit in the first place. Quote Link to post Share on other sites More sharing options...
Frank Reynolds 3,359 Posted January 23, 2014 Share Posted January 23, 2014 Keep spending on squad, urges KingRichard WilsonSports writer Thursday 23 January 2014Dave King believes Rangers should be investing in the squad rather than seeking to cut costs.The former Ibrox director has expressed his concerns that decisions made in the coming weeks will affect the team's ability to compete with Celtic when they eventually return to the top flight.The Rangers chief executive Graham Wallace is conducting a review of every aspect of Rangers' business. Last week he raised the possibility with the squad of a 15% wage reduction, although the players responded by asking if a similar sacrifice would be made by the club's executives. By Wallace's own admission, though, cuts will need to be made to bring the business back on to an even keel, although he has insisted that administration is not a threat.King, though, believes that cutting costs now will undermine Rangers' attempts to restore the club to its previous status. The first-team wage budget is 30% of turnover - significantly less than UEFA's recommendations - and there is no scouting set-up, following Neil Murray being removed as head scout last year."The CEO has a lot of personal credibility but he is constrained by the funding realities," said King, a South Africa-based businessman. "I believe the club has to have funders who will invest to ensure that we can compete with Celtic when we get back to the SPFL. Unfortunately, our existing shareholders either don't have the money or the willingness to support Ally [McCoist, the manager]. With the right shareholder profile we should be investing in the squad not reducing it. We should be supporting Ally 100%."King has previously said he would like to lead a new round of fundraising through a fresh share issue. The shareholders would have to reinvest to maintain the relative size of their stake in Rangers International Football Club, so such an initiative would likely change the ownership dynamic. Wallace has said he will address the need for new funding once the business has been streamlined.King held meetings with Sandy Easdale, the shareholder and member of the Rangers Football Club board, last year in an attempt to broker an agreement that would have allowed him to invest in the club and take up the chairmanship of RIFC plc. He could not reach a compromise deal with the different factions within the shareholder base. He was also keen that Paul Murray should return as a director. Murray was among the four nominees who did not receive enough votes at last December's annual meeting to be elected on to the board. King believes that as well as supporting McCoist, shareholders ought to have been open to working with Murray. "He is a man that all Rangers' fans can completely trust," said King.http://www.heraldsco...-king.23251877? Quote Link to post Share on other sites More sharing options...
Frank Reynolds 3,359 Posted January 23, 2014 Share Posted January 23, 2014 He is a man that all Rangers fans can completely trustBollocks. Quote Link to post Share on other sites More sharing options...
1st_Jan_1994 4,868 Posted January 23, 2014 Share Posted January 23, 2014 There we have it The headline does match the quotes Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted January 23, 2014 Share Posted January 23, 2014 Is everyone seeing something im not?All I see is a headline. No quotes.Should we not wait to see what he is actually saying before we jump on him?probably a fair point tbh.edit, nvm,just read the article. Quote Link to post Share on other sites More sharing options...
ClydebankBearWATP 877 Posted January 23, 2014 Share Posted January 23, 2014 The thought of Ally being backed with Dave Kings millions gives me the fear. Quote Link to post Share on other sites More sharing options...
1st_Jan_1994 4,868 Posted January 23, 2014 Share Posted January 23, 2014 The thought of Ally being backed with Dave Kings millions gives me the fear.Same tbh There's no point spending millions on great players if the tactics are pish, little coaching / development and people played out of position Quote Link to post Share on other sites More sharing options...
DarcheVinny 1,003 Posted January 23, 2014 Share Posted January 23, 2014 King: "The board need to find a rich idiot to fund the club in the same short-sighted way it has been run for 20+ years. PS. I'm not giving them a penny."Cheers, Dave. Quote Link to post Share on other sites More sharing options...
MrMccoist 204 Posted January 23, 2014 Share Posted January 23, 2014 im very wary of giving ally another pot of money to waste based on past experienceI love ally, but his record in the transfer market is awful.Sandaza, Bedoya, Mckay Celik Peralta Ortiz (ouch) Goian ( second half of 2011/12 and Cribari have been unmitigated disastersBlack Templeton Shiels Faure and Law haven't really set the heather alightDaly Aluko and Wallace are the only two who get pass marksFoster and smith not neededBell and Moshni havent really been tested or haven't done much wrong.I'm a big ally fan but i wouldnt trust him with any serious money. Quote Link to post Share on other sites More sharing options...
dummiesoot 16,005 Posted January 23, 2014 Share Posted January 23, 2014 I am fucking stunned... £1.20 for that heap of shite! Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted January 23, 2014 Share Posted January 23, 2014 If we don't back ally and continue cost cutting, i fear another admin by xmas Quote Link to post Share on other sites More sharing options...
thehost 11,061 Posted January 23, 2014 Share Posted January 23, 2014 the RST should be posting extracts from their "investigation"king should be buying the club and investing or giving us money. Quote Link to post Share on other sites More sharing options...
Hendry 4 Posted January 23, 2014 Share Posted January 23, 2014 McCoist as a manager just doesn't do it for me, to date he might have got us to where we should be but the standard of performance is way way short of the standard we should be at, so sorry Ally not for me. Quote Link to post Share on other sites More sharing options...
Hendry 4 Posted January 23, 2014 Share Posted January 23, 2014 the RST should be posting extracts from their "investigation"king should be buying the club and investing or giving us money.Don't think he will give the money to the present shareholders to take control and who is US ? Quote Link to post Share on other sites More sharing options...
thehost 11,061 Posted January 23, 2014 Share Posted January 23, 2014 To be far I was merely demonstrating how easy it is to take the same information and spin it in the opposite direction.In the same way that FF is normally buzzing round leaked documents but now they have one seemingly showing mccoist trying to hide his salary from the fanbase and it's not posted.I come the old fashioned world. You want a say, you buy the thing then do as you please. You don't shove in your cash you have no say.When I say cash I aint talking about 300k either. Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted January 23, 2014 Share Posted January 23, 2014 And who is going to loan us that debt?Richard Hughes? Quote Link to post Share on other sites More sharing options...
Hendry 4 Posted January 23, 2014 Share Posted January 23, 2014 Agree with you about the buy out either pay them off to get to f### or shut up,what's the 300k all about Quote Link to post Share on other sites More sharing options...
thehost 11,061 Posted January 23, 2014 Share Posted January 23, 2014 Agree with you about the buy out either pay them off to get to f### or shut up,what's the 300k all aboutthe money the trust have collated in terms of shareholding (roughly)a drop in the ocean Quote Link to post Share on other sites More sharing options...
Hendry 4 Posted January 23, 2014 Share Posted January 23, 2014 300k is hardly a drop in the ocean ok not enough but don't ridicule fans investment Quote Link to post Share on other sites More sharing options...
thehost 11,061 Posted January 23, 2014 Share Posted January 23, 2014 300k is hardly a drop in the ocean ok not enough but don't ridicule fans investmentPointing out the reality of the proportionality of equity participation is no more than shining a torch of reality upon the impact and power of such a small holding. Quote Link to post Share on other sites More sharing options...
Hendry 4 Posted January 23, 2014 Share Posted January 23, 2014 Small % yes but still important could and should be a lot lot more if only they could get their act together and have people at the top that can be trusted by everyone bit ike the RFC board. Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted January 23, 2014 Share Posted January 23, 2014 The thought of giving Ally £1m never mind £10m to spend in the market place makes me more worried about administration than all the other talk that has been around recently.As for the view that we could go and get ourselves £4m of debt from banks etc, it aint gonna happen. Any loans will be high interest investors who will only then be accused of milking us......and perhaps rightly so.Somebody said, we should have been saving money for when we get back into the Big League and they were right about that. Our wage bill should have been drastically cut and we should have worked with the youth players and a few older guys rather than bringing in a load of shite on stupid wages. Just imagine where we would be right now if the £11m per season we are spending on all footballing staff was slashed immediately to £5m/£6m which would still be more than 3 SPL clubs put together. Quote Link to post Share on other sites More sharing options...
Hendry 4 Posted January 23, 2014 Share Posted January 23, 2014 Your right about the credit facility the only way the bank is going to do it is with security ie The stadiumMcCoist will not be trusted to spend a penny more on transfer fee don't think he will be here long enough to worry about it. Quote Link to post Share on other sites More sharing options...
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