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Post by d7 on Aug 13, 2018 17:59:27 GMT
Cheers Nanook, that's interesting about the finances.
Ordinarily I'd be saying myself that waiting until the end of September is reasonable. But this is a mess. John might be a good coach although on the evidence presented, well there isn't much to go on.
3 wishes couldn't turn this team into a group who can survive in L2. When John goes (if the Board get a decision right) then what's left will still be a mess from a playing point of view. The playing staff need cleared out too and I've no idea how we can make that happen without paying people off. But it needs done.
You'll know that there is incredible positivity on this forum for all things Rovers but when you've got Prof and Charles, amongst others, telling it like it is then you know we're in trouble.
Edinburgh tomorrow and then Elgin at the weekend will be more than enough to make a decision on. If we get nothing from those 2 games then it's decision time.
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Post by stewmelrover on Aug 13, 2018 18:19:06 GMT
Agreed. The current situation cannot go beyond the next couple of games. I have only seen the Thistle match and thought they looked quite decent: I really thought they would do ok when we met teams of league 2. Keep going everyone; it's all we can do.
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Post by harriskid44 on Aug 13, 2018 18:52:20 GMT
The board you say, look at that john, when we got the rangers in the cup games a few seasons ago, after the cup games give a big chunk of that money to charity, for what, should of used that money for the rovers, after that he went back to concentrate on his company in motherwell,
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Post by bucky on Aug 13, 2018 19:15:11 GMT
The whole thing is a disaster. I can't quite believe it. To go from giving £10000 to charity to being just about bankrupt is horrific. Previous boards entirely to blame. The money from the Celtic match went entirely on paying huge debts. How did this happen? The club seems to be disappearing before my eyes at he moment. Third Lanark the second...And like I said before, just watch the vultures start to gather around. The Rangers cup games were a real fill up financially, I might be getting my financial crises mixed up, but Rovers were seriously in the red, it had reached a point where RBoS tellers came to the matches and were bagging the cash and banking it immediately. I might be wrong but £250,000 in the red is what I remember, with no obvious prospect of paying the debt off. Do not know for sure but the cup money did not clear all the debt. Happy to be told different. Weeks before the draw that gave us Celtic, a letter went out to shareholders asking for donations or loans to get the club to the end of the season. The board in between the two cup matches financially lost the plot, there was a lot of great publicity but it hurt the bank balance (the money donated to a charity was £10,000 rather than £100,000). The Celtic cup cash saved the Rovers, it did not set us up for the future. Clubs get cash from the league based on your finish position, so that income stream is going down. Brian Kerr operated on a low budget last season, a hang over from previous boards, John Brogan lower still this season. In defence of the board last season, after Christmas there were several loanees brought in, loanees are not free, they are a cost to the club. John Brogan was a terrific player, a real hero of mine. I so want this to work out for him (and us). Others have suggested waiting till end of September, and reviewing the situation, I think that is fair. The overdraft at the time of the Scottish cup run was paid off in full (approx£200k). The rest of the money was spent very quickly on wages to win the championship in 2015 (£220k was the wage bill that year) Darren Young and his assistant took a large chunk of that while the player who essentially won us that money (Ciaran Donnelly) was shamefully shown the door as the manager didn't fancy him. Our relentless spending didn't end with the exit of John Devlin . Very quickly another £80k overdraft was built up before the Bank said "stop" and then the former directors got a £90k emergency loan which costs the club a fortune in repayments - you would get better terms from a Glesga loan shark. So we have blown the nice we nest egg we had which should have been the foundation of something special and this season we have blown our meagre budget on below par players. Either way when we have had an abundance or a shortage of cash it has not been wisely spent.
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