Rangers FC to go into administration

[From the Bunker]

Way to go Ally. Drain them of more funds and fill your coffers for future pies.

We're sevco when we need to be!

In fairness he was not working for a charity organisation. Staff working for an business have to be paid.

[lynchbhoy]

Way to go Ally. Drain them of more funds and fill your coffers for future pies.

We're sevco when we need to be!

In fairness he was not working for a charity organisation. Staff working for an business have to be paid.

Come off it
It's not like he was on the breadline !!

He activated a clause in his contract as a parting shot - knowing full well they are financially screwed.

Rangers through and through they used to say about him - well actually that action kind of proves it!

Have to agree with mad badger on that one !

If that was Celtic and Larsson or similar club Icon did that, there'd be no forgiveness ( ask Lou macari about that)

[stew]

Sevco have let a lot of staff members go yet McCoist is set to get paid 750,000 (unless they go tits up yet again.

Some fans are very supportive of McCoist and some are resentful that he is  going to be  paid obscene amounts of money as his former colleagues sit on the dole!

Personally speaking, he did the work, he deserves to be paid what they agreed to pay him, he was a Glasgow Rangers legend and deserves respect for his service to these clubs!

[red hander]

Anybody need any gardening done?

[DuffleKing]

Haven't been following this - what has McCoist done wrong - are they not in a decent position in the league?

[deiseach]

Haven't been following this - what has McCoist done wrong - are they not in a decent position in the league?

Hearts wage bill - £2,890,000
Sevco wage bill - £6-7 million

[NAG1]

Haven't been following this - what has McCoist done wrong - are they not in a decent position in the league?

Hearts wage bill - £2,890,000
Sevco wage bill - £6-7 million

To be fair to Sally, I don't that was his doing. He wouldn't remind you of someone who would be well in to the detail of the contracts.
It would be a club decision. Looks like they have taken a punt to get back up as quickly as possible and now that it is looking like a dodgy enough gamble maybe they are getting nervous.

[deiseach]

Haven't been following this - what has McCoist done wrong - are they not in a decent position in the league?

Hearts wage bill - £2,890,000
Sevco wage bill - £6-7 million

To be fair to Sally, I don't that was his doing. He wouldn't remind you of someone who would be well in to the detail of the contracts.
It would be a club decision. Looks like they have taken a punt to get back up as quickly as possible and now that it is looking like a dodgy enough gamble maybe they are getting nervous.

That's fair comment, it isn't entirely or even mostly his fault that 'Rangers' are broke again. But he has been given resources that dwarf the clubs around him and trailing Hearts by as much as they are has to be counted as failure.

[DuffleKing]

Only one team goes up?

[clarshack]

Only league winners go up automatically. There is a promotion playoff for 2nd place.

[deiseach]

Absolute comedy gold following the AGM at Ibrox on the Mirror's website. They've referenced this gem of a tweet: "Ashamed to say that the Easdales are Protestants the same as me we shouldnt act that way".

[Muzz]

I think it will come out of the woodwork yet that McCoist was trying to pull a fast one by handing in his notice and it has now backfired.

Its rumoured that Ally wasnt happy with the amount of people losing their jobs.  McCoist supposedly was trying to force the clubs hand and stop the redundancies.  His thoughts - hand in his notice which would trigger the extra £325k to be paid to him - hoping the club would not accept his resignation and stop making people redundant.  In reality the board have been hit with having to pay the £750k to him as his salary and will make even more people redundnat.

Another share issue being requested.  If Ashley is forced to concede position by the SFA then Rangers are gone.  Ashley wont hang about looking for long term returns, its short term gains he wants.

Shambolic running of the club - Celtic fans (myself included) are at odds with how Celtic spend their money but it could be alot worse.  You have to speculate to accumulate but in Scotland speculating will most definitely not lead to accumulating anything.

[Boycey]

Amusing as it is to watch the shambles at Rangers are Celtic not ultimately doomed without them?

[Muzz]

I think at the time the Celtic board tried to paint a picture they were secure and Rangers wouldnt affect them - any fan that believed that was naive.  You just have to look at the number of fans going to the games.  The board kicked themselves in the teeth when they raised ticket prices the first year when Rangers went down.

They have done nothing in the form of marketing, special deals etc. to try and get crowd back.  Could go on all day but I think the board and club could have done more to try and protect Celtic rather than just keep money from selling players to top up accounts.

[Syferus]

Of course Celtic are fecked without Rangers. Both on and off the field. Celtic-Rangers is the only cash cow in Scottish football, there was never any way around that.