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Strong discussion in my workplace (legal firm) that there's been some sort of movement/discussion with insolvency practitioners in the past few days.

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Phil roaming in the gloabihn or whatever his handle is has claimed that terms have been agreed with a practitioner already. 

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It is becoming clearer and clearer why Derrick McInnes said "Naw". And with Norwich looking for £10,000pw it seems unlikely Stevie Naismith will be back at Ibrox any time soon. 

Hard to say whether they can avoid admin. or not but it seems clear they are currently sailing very close to the wind.

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2 hours ago, gdevoy said:

It is becoming clearer and clearer why Derrick McInnes said "Naw". And with Norwich looking for £10,000pw it seems unlikely Stevie Naismith will be back at Ibrox any time soon. 

Hard to say whether they can avoid admin. or not but it seems clear they are currently sailing very close to the wind.

McInnes was clearly made aware of a lot of things when he was interviewed and that made him step back and reassess his decision

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On 09/01/2018 at 5:05 PM, bute-killiefan said:

So they've budgeted to win the league? OR 2nd place? Neither look likely so they are not teetering to the edge? What an absolute shambles

I've seen analysis of their accounts which stated that they needed group stage qualification in an euro competition for 3 of the 5 upcoming seasons in order for their business plan to 'work'

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2 hours ago, fmcc said:

I've seen analysis of their accounts which stated that they needed group stage qualification in an euro competition for 3 of the 5 upcoming seasons in order for their business plan to 'work'

KFC only started to steer away from financial oblivion when they disentangled the business plan from the hyperbole used to sell STs.

Business Plan                         "Over 5 or 6seasons we are going to average 8-9th" 
Sales Pitch                             "We are a top six team"

I suggest Sevco could learn from this.

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3 hours ago, fmcc said:

I've seen analysis of their accounts which stated that they needed group stage qualification in an euro competition for 3 of the 5 upcoming seasons in order for their business plan to 'work'

I had heard this before. Was this season counted as one of the 5, or is it starting from next?

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18 hours ago, Dieter's Heeder said:

I had heard this before. Was this season counted as one of the 5, or is it starting from next?

Presumably if it was year ending mid 2017, then the projection would've been based on this season 17/18 being the first of those 5. 

Edited by fmcc

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14 hours ago, fmcc said:

Presumably if it was year ending mid 2017, then the projection would've been based on this season 17/18 being the first of those 5. 

Hopefully. One failed, 3 out of the next 4 required...nae chance!

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Jimmy Nichol number 2 on the list of great January achievements by the mighty Glasgow Rangers?! I'd put it Number 1, Number 2 could be 'changed the lavvy rolls to double quilted' that's 4 quid for a pack of 6. Is that something a club going into Administration would do?????

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They can't see reason. Dave King could piss on them from the top of Ibrox and they'd tell you it's not piss, it's rain.

 

They have not learned a thing from 2012, demanding that everything is ok when it clearly isn't. I felt bad for their fans last time in a way. Not this time

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2 hours ago, bute-killiefan said:

They can't see reason. Dave King could piss on them from the top of Ibrox and they'd tell you it's not piss, it's rain.

 

They have not learned a thing from 2012, demanding that everything is ok when it clearly isn't. I felt bad for their fans last time in a way. Not this time

At least you will have learned your lesson to never pity them again.

That's the main thing! :2:

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