Malt Posted March 8, 2019 Share Posted March 8, 2019 Inverness have a couple of Premiership contracts still on the books but to suggest that a loss of £800k last season was down to that is nonsense. Did I sway contracts little man? There are a combination of factors with relegation. Back to you wake wank. Link to comment Share on other sites More sharing options...
TRVMP Posted March 8, 2019 Share Posted March 8, 2019 I think that’s an important point that too often has been lost in the past: that we are owned by Golden Casket, not previously by DDF (though that was more or less de facto the case when DDF = GC = Morton) and not now by Crawford. Crawford is the chairman of the club but can’t be equated to Golden Casket/Morton as the owner in the same way that DDF could due to the way shares in that company are now distributed. Which means in turn that people saying the Raes have put "their" money into the club is mistaken. In fact they donated comparatively very little over the years and stopped donations entirely for the last few years. Something is better than nothing, and it's not fair to say they made no​ contribution, but ultimately when people say DDF put 2 mil of "his" money into the club they're not telling the truth. Link to comment Share on other sites More sharing options...
tolmie perms r bak Posted March 8, 2019 Share Posted March 8, 2019 What about the other board members what do they contribute ? Link to comment Share on other sites More sharing options...
vikingTON Posted March 8, 2019 Share Posted March 8, 2019 Did I sway contracts little man? There are a combination of factors with relegation. Back to you wake w**k. ^^^ word salad The site is supposed to be a place for the extended 'family' of Morton supporters - having an affinity with people that you don't know, because you share a love of your local football club. It's not supposed to be about point scoring and showing how 'clever' or 'funny' you are, or just being downright rude and offensive to people you don't know, because you can get away with it. Unfortunately, it seems the classic case of people who have little standing/presence in real life, use this forum as a way of making themselves feel as if they are something. It's sad, and I've said that before.. So, having been on Morton forums for about 15 years I guess, I've had enough... well done t*ssers, another Morton supporter driven away. You can all feel happy at how 'clever' you are Link to comment Share on other sites More sharing options...
9 Strathblane Crescent Posted March 8, 2019 Share Posted March 8, 2019 In January this year, Mrs Rae was given 'significant control' of the club. What does that mean? https://www.gov.uk/government/news/people-with-significant-control-psc-who-controls-your-company Dougie when he was alive owned 65.57% of Golden Casket hence he did what he liked with the money i.e. funding Morton. On his demise the shares have now been allocated elsewhere and Mrs Rae now owns somewhere between 25% and 50% of the shares the rest being split presumably between family members. Mrs Rae is also the significant person when it comes to Greenock Morton Football Club. That would suggest that at least 25% of Golden Caskets stake in Morton has passed to her as she was never a shareholder at Cappielow. I'm not sure what Golden Caskets overall shareholding was but at a guess I'd say in the high 80s. This would mean that GC still owned the majority shares in Morton unless there has also been a change and GC shares in Morton have been divided between family members like as has happened at GC. The future does indeed look bleak. The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy. Link to comment Share on other sites More sharing options...
TheGoon Posted March 8, 2019 Share Posted March 8, 2019 They vastly increased the prize money at our level, and we now have an improved TV deal. If I was the SPFL (which admittedly is little more than the sum of its members) I'd be telling Morton and QoS to piss off. This. The current league structure isn’t changing and there isn’t much need to do so. Last thing we need is the top flight flooded with even more shite like ourselves and QOTS. Link to comment Share on other sites More sharing options...
9 Strathblane Crescent Posted March 8, 2019 Share Posted March 8, 2019 Which means in turn that people saying the Raes have put "their" money into the club is mistaken. In fact they donated comparatively very little over the years and stopped donations entirely for the last few years. Something is better than nothing, and it's not fair to say they made no​ contribution, but ultimately when people say DDF put 2 mil of "his" money into the club they're not telling the truth. Yes and no. Golden Casket funded Morton but the majority shareholder of Golden Casket was Dougie. So effectively yes he was putting his money into Morton. The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy. Link to comment Share on other sites More sharing options...
cmdc Posted March 8, 2019 Share Posted March 8, 2019 They vastly increased the prize money at our level, and we now have an improved TV deal. If I was the SPFL (which admittedly is little more than the sum of its members) I'd be telling Morton and QoS to piss off. It would be interesting to see a comparative breakdown of accounts across Morton, Dunfermline, QOTS and Falkirk (and maybe Ayr) (excluding Ross County, Inverness and Dundee United due to their recent top flight experience and Alloa as a p/t outfit) to understand why redstribution, TV etc don't seem to have made a significant difference - if it's mismanagement, environmental factors etc etc. No-one will do that, of course, but it would be interesting. It is in Scottish football's interests to have a strong, majority FT, second tier to complement and overlap with the top flight. But chucking more money at teams will only work if it isn't wasted in the way that top flight teams wasted Sky/tv money in the 90s. Link to comment Share on other sites More sharing options...
cmdc Posted March 8, 2019 Share Posted March 8, 2019 Yes and no. Golden Casket funded Morton but the majority shareholder of Golden Casket was Dougie. So effectively yes he was putting his money into Morton. I guess now (but don’t know, I’m not all that familiar with how GC operates) in the new structure a hit to shareholders dividends might also be an important factor (i.e. their money that is or isn’t coming back out as much as the money going in). Link to comment Share on other sites More sharing options...
RealTonKid Posted March 8, 2019 Share Posted March 8, 2019 I'd like that, but I think the SPFL and TV bosses would moan about not having the 4 guaranteed Old Firm a season. But something needs to be done to get a greater circulation of full-time teams in the top-flight. The current set-up just allows teams like Motherwell, Kilmarnock, St Mirren (11 separate 11th placed finished between them since 2000) and Hamilton to become established top-flight sides despite being largely s***e year after year, floundering about the league like an unflushable s***e. The teams mentioned won’t agree to that. It would be like turkeys voting for xmas. Midden, Dundee, and Accies are stinking out the top flight this season, but only one of them is guaranteed to go down (probably Midden). Accies won’t want to scrap the playoffs, as they’ve been the team that’s benefitted the most from them. They really are the unflushable turd. Link to comment Share on other sites More sharing options...
9 Strathblane Crescent Posted March 8, 2019 Share Posted March 8, 2019 It would be interesting to see a comparative breakdown of accounts across Morton, Dunfermline, QOTS and Falkirk (and maybe Ayr) (excluding Ross County, Inverness and Dundee United due to their recent top flight experience and Alloa as a p/t outfit) to understand why redstribution, TV etc don't seem to have made a significant difference - if it's mismanagement, environmental factors etc etc. No-one will do that, of course, but it would be interesting. It is in Scottish football's interests to have a strong, majority FT, second tier to complement and overlap with the top flight. But chucking more money at teams will only work if it isn't wasted in the way that top flight teams wasted Sky/tv money in the 90s. By far the bigger problem is trying to get your hands on the accounts of these clubs. There was a guy, I think it was David Glen from Price Waterhouse, who used to do it for the premier league and maybe still does. When asked if he could do the same for the smaller clubs he said it was difficult to get you hands on their accounts. That was a few years ago maybe it would be easier now. The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy. Link to comment Share on other sites More sharing options...
Hej Posted March 8, 2019 Share Posted March 8, 2019 They vastly increased the prize money at our level, and we now have an improved TV deal. If I was the SPFL (which admittedly is little more than the sum of its members) I'd be telling Morton and QoS to piss off. They can if they want, but the gap between the middling full-time teams and the smaller ones is only going to grow further. 4 out of 10 full-time teams(6/12 if you want to include Clyde and Airdrie) below the Premiership haven't seen the top-flight in 20 years, which doesn't sound very healthy to me. Not sure how it compares in similar-sized countries, but in the English Championship only 5/24 teams haven't experienced the top-flight in the same period. Greater promotion opportunity needed or the 4 of us will be strangled out of the full-time game like Airdrie and Clyde. Link to comment Share on other sites More sharing options...
Malt Posted March 8, 2019 Share Posted March 8, 2019 ^^^ word salad Facts little man. Facts. Enjoy your salad. Link to comment Share on other sites More sharing options...
9 Strathblane Crescent Posted March 8, 2019 Share Posted March 8, 2019 Thanks. With more people having smaller amounts of shares, would that not be better for a potential buyer to deal with? With more than 50% still in the hands of the Rae family I doubt a lot will change. At the end of the day you need 51% to have any real control. But maybe not having one person or organisation controlling everything might lead to a better run club. For arguments sake if Mrs Rae has 40% of the shares and if she could be persuaded to donate them to a fans group then you could find yourself in a position where no one person has overall control at Cappielow. I think this would lead to a more open organisation with fresh ideas on how to improve the club off and on the field. The biggest problem apart from the club running at a loss is investment. Only my opinion but I don't see that coming from anywhere other the the fans similar to Dunfermilne, Hearts, the Midden. If we could get 2500 fans to donate a £10 a month that would raise £300,000 a year. That would cover the losses in a bad season and maybe a good season if we could break even the money could be used to invest in infrastructure. The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy. Link to comment Share on other sites More sharing options...
TRVMP Posted March 8, 2019 Share Posted March 8, 2019 Yes and no. Golden Casket funded Morton but the majority shareholder of Golden Casket was Dougie. So effectively yes he was putting his money into Morton. No, it was Golden Casket, which is a limited liability company. This is more than just semantics. I'm not saying he had no​ skin in the game, or that he was greedy, but the raw fact of the matter is that it's not "his" 2m because he's not personally liable for it. Link to comment Share on other sites More sharing options...
TRVMP Posted March 8, 2019 Share Posted March 8, 2019 They can if they want, but the gap between the middling full-time teams and the smaller ones is only going to grow further. 4 out of 10 full-time teams(6/12 if you want to include Clyde and Airdrie) below the Premiership haven't seen the top-flight in 20 years, which doesn't sound very healthy to me. Not sure how it compares in similar-sized countries, but in the English Championship only 5/24 teams haven't experienced the top-flight in the same period. Greater promotion opportunity needed or the 4 of us will be strangled out of the full-time game like Airdrie and Clyde. Clyde should never have been FT in the first place. That was like having Gretna FT. So let's completely discount them. Airdrie is an edge case - as are Morton, for that matter - and are PT. Another way of putting it is that of all the FT teams, only two are so shit that they haven't even had one season in the top flight. One of these is QoS, who were PT for some of this time. The other is Morton, who are one of the worst-run organizations in the history of the world. Link to comment Share on other sites More sharing options...
EanieMeany Posted March 8, 2019 Share Posted March 8, 2019 This. The current league structure isn’t changing and there isn’t much need to do so. Last thing we need is the top flight flooded with even more s***e like ourselves and QOTS. I agree with that to be honest, an expanded top flight doesn't really appeal. There should, however, be two up two down and maybe a third top/third bottom play-off to spark a bit of life into things. It's boring as it is now. AWMSC Link to comment Share on other sites More sharing options...
TRVMP Posted March 8, 2019 Share Posted March 8, 2019 I disagree, the current system is ideal because it gives even mid-table Championship clubs something to aim for. Even if it was two-up, two-down, the sob stories around QoS and Morton would be the same. The fact of the matter is that QoS are an irrelevant village club and Morton have been doing a fine impression of one for almost my entire lifetime. Link to comment Share on other sites More sharing options...
Ray Von Posted March 8, 2019 Share Posted March 8, 2019 With more than 50% still in the hands of the Rae family I doubt a lot will change. At the end of the day you need 51% to have any real control. But maybe not having one person or organisation controlling everything might lead to a better run club. For arguments sake if Mrs Rae has 40% of the shares and if she could be persuaded to donate them to a fans group then you could find yourself in a position where no one person has overall control at Cappielow. I think this would lead to a more open organisation with fresh ideas on how to improve the club off and on the field. The biggest problem apart from the club running at a loss is investment. Only my opinion but I don't see that coming from anywhere other the the fans similar to Dunfermilne, Hearts, the Midden. If we could get 2500 fans to donate a £10 a month that would raise £300,000 a year. That would cover the losses in a bad season and maybe a good season if we could break even the money could be used to invest in infrastructure. We can’t even get 2500 to Cappielow every 2nd week.I certainly wouldn’t pay an extra £10 a month to cover the losses of a board who can’t run things properly. Link to comment Share on other sites More sharing options...
TRVMP Posted March 8, 2019 Share Posted March 8, 2019 We can’t even get 2500 to Cappielow every 2nd week. I certainly wouldn’t pay an extra £10 a month to cover the losses of a board who can’t run things properly. Correct. Throwing money at Warren Hawke is the last thing I'd do without some kind of equity in exchange for my investment. Link to comment Share on other sites More sharing options...
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