bawsburst 1,381 Posted January 26, 2014 Share Posted January 26, 2014 Despite Stockbridge exit Rangers' direction remains unclearRichard WilsonSports writer Sunday 26 January 2014There is seldom an isolated event at Rangers.Brian Stockbridge's departure as finance director is being interpreted as the first example of Graham Wallace, the chief executive, asserting his authority. Yet it also changes the dynamic in the boardroom, reducing the club to four directors and potentially altering how certain decisions are made in the coming months. There is, still, a sense of uncertainty about what the future holds for the club.Rangers' route back to the top flight is still being determined. Essentially, the club either cut back their spending in line with revenue from season ticket sales and, while in the lower leagues, limited commercial revenue. Alternatively, some investment in the coming 18 months would allow the team to be strong enough to compete on its return to the top division, and so quicken the recovery of Rangers' old status.An element of restructuring is required in either case, which is why Wallace has embarked on a root and branch review of the club's business. Philip Nash, the former Arsenal and Liverpool finance director who was recently brought in as a consultant, is expected to take the finance director role in the short-term. How it impacts on the boardroom will also be interesting, though.Dave King wants to lead the fundraising in a fresh share issue. His vision is to generate money from himself and other high net-worth Rangers fans that can be used to strengthen the squad and the football resources so that the team are immediately competitive, in return for influence on how the club is run.The alternative is a longer period spent trying to regain ground. There are complications, though, since a new share issue requires existing shareholders to reinvest to maintain the size of their stake, at a time when the vast majority of them have suffered considerable losses. The shares were launched in December 2012 at 70p, but closed last Friday with a value of 27.25p.This is the ideological struggle at the club, and the decision on the way forward lies with the Rangers International Football Club plc board members - Wallace, Norman Crighton, James Easdale and the chairman, David Somers - and the shareholders. Before either short-term funding, to tide over until season ticket sales kick in, or fresh funding is sought, though, Wallace has to restore the business to an even keel. It is thought to be losing between £500,000 and £1m a month, and costs will need to be cut.The first-team wages are around 30% of turnover, but with one week of the transfer window remaining, Rangers may yet find themselves having to react to offers for some of their players, or seek to incentivise some to leave, although payments would further reduce the cash flow. This is at a time when the team have lost only once in 22 league games. Some fans grumble at occasionally muted performances, but Ally McCoist deserves credit for managing through a series of crises, and for maintaining the standards the club was built on."There have been times when I've said, 'What am I doing here?'," McCoist said. "But how could you regret becoming the manager of Rangers? I've got my dream job. It's not the dream situation [but] as long as I can look myself in the mirror, I'll be happy. I've made mistakes and I'll make more mistakes. As long as they're done in an attempt to do the right thing then I can live with that."A recent lunch with Graeme Souness and Walter Smith, his friends and former Rangers managers, will have brought plenty of reminders of different, more accommodating times. McCoist is resilient, though. While the club's future direction is being debated, his assessment is that his team needs reinforcements if it is to eventually challenge Celtic again."If we're talking about winning the top league then we're miles away," he said. "I would hate that to be taken as a criticism of the team because it's not. But it would be very unfair for people to expect these free transfers who have come together to win [the] top flight. Some, if we got help with players coming in, could probably do it. But we would need investment." Quote Link to post Share on other sites More sharing options...
Big Al 55 9,241 Posted January 26, 2014 Share Posted January 26, 2014 Beelin Quote Link to post Share on other sites More sharing options...
Bothwellbear 1,392 Posted January 26, 2014 Share Posted January 26, 2014 Pure red beelin :pipe: Quote Link to post Share on other sites More sharing options...
bawsburst 1,381 Posted January 26, 2014 Author Share Posted January 26, 2014 In both cases I would say the OP title proves the point, you both most certainly are...beelin'... Quote Link to post Share on other sites More sharing options...
csl 39 Posted January 26, 2014 Share Posted January 26, 2014 Can't remember this 1 defeat in 22 league games he talks about. Quote Link to post Share on other sites More sharing options...
Bothwellbear 1,392 Posted January 26, 2014 Share Posted January 26, 2014 In both cases I would say the OP title proves the point, you both most certainly are...beelin'... Pure red beelin beelers just beeling away.. Quote Link to post Share on other sites More sharing options...
bornabear 6,201 Posted January 26, 2014 Share Posted January 26, 2014 Absolute arsehole of a journalist, " have lost only once in 22 games". If you must write about The Rangers, get your facts right. Journalists in Scotland are below referees and they're shite. Quote Link to post Share on other sites More sharing options...
Allanger 625 Posted January 26, 2014 Share Posted January 26, 2014 There have been times I have also wondered what you were doing here Ally Quote Link to post Share on other sites More sharing options...
legalbeagle 3,734 Posted January 26, 2014 Share Posted January 26, 2014 Ally does indeed deserve credit Quote Link to post Share on other sites More sharing options...
Big Al 55 9,241 Posted January 26, 2014 Share Posted January 26, 2014 In both cases I would say the OP title proves the point, you both most certainly are...beelin'... Didn't read it Quote Link to post Share on other sites More sharing options...
Dutchy 1,200 Posted January 26, 2014 Share Posted January 26, 2014 FFS, he expects things to change in one/two days?The more journos write about Rangers, the more shite we see in this country's press. Quote Link to post Share on other sites More sharing options...
thehost 11,061 Posted January 26, 2014 Share Posted January 26, 2014 that boy looks about 15as to the article was there actually a point to it? Quote Link to post Share on other sites More sharing options...
tannerall 25,935 Posted January 26, 2014 Share Posted January 26, 2014 that boy looks about 15as to the article was there actually a point to it?I think his main point is that we lost to Stranraer at Ibrox. Investigative journalism at its best and a world exclusive too. Quote Link to post Share on other sites More sharing options...
Bothwellbear 1,392 Posted January 26, 2014 Share Posted January 26, 2014 I bet the league game we lost this season is the only Rangers game Bawsburst has ever been to. Quote Link to post Share on other sites More sharing options...
topgoalie 637 Posted January 26, 2014 Share Posted January 26, 2014 Did not read it as the OP has no credibilty left whatsoever..... Quote Link to post Share on other sites More sharing options...
thehost 11,061 Posted January 26, 2014 Share Posted January 26, 2014 Did not read it as the OP has no credibilty left whatsoever.....you went onto a thread to not read it and then posted on it for good measuretop stuff! Quote Link to post Share on other sites More sharing options...
Calgacus 88 Posted January 26, 2014 Share Posted January 26, 2014 that boy looks about 15as to the article was there actually a point to it?It fills up a space in a newspaper - thats about all any print journalists do these days. Quote Link to post Share on other sites More sharing options...
topgoalie 637 Posted January 26, 2014 Share Posted January 26, 2014 you went onto a thread to not read it and then posted on it for good measuretop stuff! Im sorry i clicked onto it and decided not to read it as their is always an agenda with him,something like yourself.To be fair he has got some things right,not much but some,unlike you who just talks pish...... Quote Link to post Share on other sites More sharing options...
dummiesoot 15,990 Posted January 26, 2014 Share Posted January 26, 2014 Wilson is usually fair and balanced he is allowed one mistake all be it a glaring one. Quote Link to post Share on other sites More sharing options...
legalbeagle 3,734 Posted January 26, 2014 Share Posted January 26, 2014 Say what you like about Stockbridge, I will always give him credit for repaying his bonus. Quote Link to post Share on other sites More sharing options...
Calgacus 88 Posted January 26, 2014 Share Posted January 26, 2014 Say what you like about Stockbridge, I will always give him credit for repaying his bonus.I got the impression repaying the bonus was the price Laxey demanded before they would support him at the AGM. Quote Link to post Share on other sites More sharing options...
stuvah 146 Posted January 26, 2014 Share Posted January 26, 2014 I have to agree with legalbeagle as much maligned as stockbridge was he handed back his bonus and walked without a pay off. whatever else he is guilty of he must be commended for that as there are not many people who would have. Quote Link to post Share on other sites More sharing options...
Big Al 55 9,241 Posted January 26, 2014 Share Posted January 26, 2014 You can be sure had he been entitled to a pay off he'd have taken it.And yes Laxey demanded he repaid the bonus...you know the one he never received in the first place. Quote Link to post Share on other sites More sharing options...
stuvah 146 Posted January 26, 2014 Share Posted January 26, 2014 You can be sure had he been entitled to a pay off he'd have taken it.And yes Laxey demanded he repaid the bonus...you know the one he never received in the first place. I'm not defending him per se I wanted him gone as much as the next guy I'm just saying he done the right thing in walking away. if he was sacked he would have been entitled but he walked by mutual consent. Quote Link to post Share on other sites More sharing options...
WadeWilson 4,670 Posted January 26, 2014 Share Posted January 26, 2014 Did not read it as the OP has no credibilty left whatsoever.....you went onto a thread to not read it and then posted on it for good measuretop stuff! What's wrong with that...? I am about to do the same.Triple-rid-beelin'There. Done it. Quote Link to post Share on other sites More sharing options...
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