Mr Green is under pressure. His dream of owning the famous Glasgow Rangers was not life long, nor even a year long yet. He never envisaged, I am sure the team playing in SFL3, nor many of his top players leaving with nothing coming to the Sevco coffers as a consequence.
Equally, as discussed by Ecojon in his recent posts on the blog, his investors, thinking that they were buying into an SPL club, might be rather shocked at finding that rather than AC Milan and Barcelona, the visitors to Ibrox would be Annan Athletic and Berwick Rangers!
The twin disasters of being admitted only to SFL3 and the departure of many millions of pounds worth of players, (although he only paid £2.75 million for the rights to them) have crippled his cash flow, and the season ticket boycott urged by many Rangers FC fans is no help either.
Mr Green has commented that Rangers FC has no players, and Mr McCoist has said he only has six, although my count suggested there were over forty.
Mr Green though has accepted that three of his internationals can leave, and they do so with his blessing for their loyalty.
Messrs Bocanegra, Edu and Goian are off.
“Goian has been very loyal, willing to stay in Division One, as have Edu and Bocanegra,” said Green.
“But you can’t expect international players to play in Division Three.”
“We’re going to lose some more now for different reasons than the others,” added Green. “But we can understand and we thank these players for their loyalty.”
Note the second sentence in the quote.
“You can’t expect international players to play in Division Three.”
One wonders what Messrs Alexander, McCulloch, Broadfoot and Wallace think about that. They are all international players who remain on the books.
Mr Green might mean one of a number of things.
He might mean that it is unfair to expect foreign internationals to play in SFL3, but for Scots ones it is OK.
He could have forgotten that he has the Scots players mentioned and therefore will now have them at his door looking for their release, against his wishes.
More likely, I think, is that he cannot afford to keep any of those players on, and would be delighted if they left. He is at the stage where cutting the payroll matters more than negotiating a high transfer fee for them. On the other hand, as long as the registration embargo is in the air, can he afford to lose players?
The players mentioned have joined Sevco Scotland as employees. If Mr Green chooses to dispense with them, the players will have rights to pay-offs for termination of their contracts. If Mr Green does not want to pay, then the players can sit, still entitled to their wages.
As Neil Alexander is paid a reputed £8,000 per week, it would not take long for his pay packet to eat up large sums from Rangers FC’s depleted coffers.
If, and at present it is a large if, Sevco Scotland Ltd receives transfer of the SFA membership it has applied for, how many of the players mentioned above will turn out for Rangers FC?
Some of them might be willing, out of loyalty, to accept wage reductions. None of them could be faulted if they refused to do so however.
Mr Green’s huge problem is cash flow. He has lost out on selling players, as a result of TUPE. Even if he received wrong advice about the position (and there is no evidence that he did) any claim would take a long time to come to fruition.
The lack of season ticket income is strangling the club, and I suspect that this year short term funding based on advance season ticket sales to a company like Ticketus would not be on the cards!
He is not helped by Mr Brown and his sniping. Mr Brown’s new plan, backed by Barry Ferguson we are told, was also reported this week by the BBC.
He has already urged fans to boycott season tickets for the new Rangers that Sevco hope to field in Division Three.
“It is only right that as I have been out in the front of this, I should put my own money in too,” said Brown, who is to launch Rangers For Change.
Brown gave up his job as a Rangers scout to lead takeover attempts after the consortium led by former Sheffield United chief executive Charles Green bought Rangers’ assets for £5.5m after the failure to avoid liquidation.
“I have meetings with bankers and lawyers arranged for the next two days and believe that, by the end of the week, I will be able to release further details of how Rangers For Change will work.”
Brown wants wealthy people and former players to each match his £40,000 donation in the hope of raising about £10m he believes could buy out the consortium on behalf of the club’s supporters.
And he claims to already have the support of former Rangers captain Barry Ferguson, the former Scotland midfielder presently with Blackpool.
Brown, a member of the Rangers team that won nine titles in a row in the 1990s, said: “I have spoken to Barry and he has promised me that he is 100% behind me.
Brown is suspicious of the motives and backers of the Sevco consortium that bought Rangers’ assets for £5.5m after the failure to avoid liquidation and retain a place in the Scottish Premier League. Sevco is negotiating with the Scottish FA to field a new Rangers in the Third Division next season, but Brown wants fans to boycott the new club and force it to sell because of a lack of funds.”
Now, wasn’t Mr Brown involved in an attempted by out three weeks ago where friends were offering Sevco a few million to sell on?
Mr Green might say that a fan’s buyout is unnecessary as he is offering the fans up to 50% of the club in a floatation. Would fans be happy buying Sevco out at a massive profit for Sevco? As we heard one of the directors thinks the club is worth £50 million on a bad day. It is hard mind you to see how the position could be worse now.
Until fans start to buy season tickets in numbers, how can Mr Green hope to balance the books?
Will he have to let his international players go, reluctantly, as he can’t afford to keep them?
How will this affect the season ticket sales?
Can Sevco afford the food and beverages bill for Ibrox?
Remarkably there are still these and many more questions to answer.
Posted by Paul McConville