Graham Spiers on the huns’ travails.
From The London Times:
Rangers need a new owner, a new strategy, new energy and fresh ideas
Ive spent the past five days trying to think of a previous episode in Scottish football comparable with the current Kris Boyd situation at Rangers. Thats to say, a club which, with genuine and realistic title aspirations, chooses to try to sell its principal striker who is on course for a 40-goal season. Answers on a postcard, please.
In the current case of Rangers, the circumstances are more than a mite familiar. The clubs balance sheet once again is starting to overheat, with bank borrowings beginning to rise from 15 million to 25 million and soon to be 30 million. Onwards and upwards the figure will remorselessly climb, and Sir David Murray, having been there before and caused the club years of suffering as a consequence, does not want to go back.
So some assets need to be sold, Boyd being one, Barry Ferguson being another. It seems Rangers need an influx of around 7 million to cool their situation, hence the fire sale. It is a phrase loathed by Murray, who duly rounded up the usual patsies last week to have the claim shot down in print. But a fire sale, metaphorically speaking, is what it is.
Indeed, the situation at Rangers just now is exactly as it was two years ago at Austria Vienna, who, in a near-identical crisis when they were required to rein in their budget, were forced to sell their main assets. Frank Stronach, Austria Viennas enigmatic American owner, suddenly decided that his lavish investments in the club had to stop, and they duly had agents put it about that their best players were up for sale.
Rangers, performing another of their famous financial botches, became the principal takers for Filip Sebo, Libor Sionko and Sasa Papac. Back then, no one at Ibrox quibbled about viewing the Vienna situation as a fire sale, yet that is what it was.
The current drama at Ibrox is fascinating in regard to Murray. Never again, he vows, will he recklessly take the club back to the days of 80 million-plus debts, and here he is duly sticking to his word. At the moment the Rangers debt is around 25 million but, if the current remedial action was not sought, the next set of Rangers accounts could show a leap in borrowings of around 20 million in two years.
It would not look good, and Murray knows it. He knows full well that the less pliable and poodle-like members of the wider Scottish media would highlight the fact that old habits die hard. In truth, Murray and Martin Bain are having to take tough decisions today, as much for their own reputation as that of Rangers.
Yet what remains utterly baffling is the Boyd sale itself. He is the one player in the current squad there is no one else to match him who might guarantee Rangers the 2009 title and the 10 million Champions League bounty to follow. Is there really no other fiscal option open to Rangers no other rearranging of the figures which could allow Boyd to stay, at least until the end of the season? I find it hard to believe that selling the striker is the only way out for Rangers.
Boyd, I believe, will still leave the club. The current assessment of the strikers sale apparently being dead in the water is identical to the circumstances that surrounded Alan Huttons transfer last year. In mid-January, you may recall, the deal was supposedly dead, with Walter Smith asserting as much. Two weeks later, just as everyone guessed, Hutton was at Tottenham Hotspur for 9 million.
It will be amazing if Boyd is still at Rangers after the January window. The only factor that could keep him in Glasgow would be the player himself digging in and insisting he wanted to stay. But if Boyd leaves, following Hutton and Carlos Cullar, what would it say about the state of Rangers?
The club seem fragile and unable to go forward in their current structure. They need a new owner, a new strategy, new energy and fresh ideas. Murrays famous phrase about every so often changing the menu appears to have finally run its course. There are no other dishes to try.
The sooner Rangers FC find that elusive man who has made his millions in North America and wants to come home to Ibrox, the better.