Rangers Finances

 

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18 Nov 2017 20:11:55
Hearing a story that Whyte has won the litigation case over Ibrox, it will hit the papers next week.

Agree10 Disagree0

15 Nov 2017 20:07:46
Boardroom squabbling going on over money and the appointment of new manager. Still looking like Murty if a positive result on Saturday.

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15 Nov 2017 20:28:37
I wouldn't mind having Murty in for a stint. He is clearly good with the players, seems to know the game, Scottish football and media and more importantly how to change it up.

Why spend when the man with potential is already in the hot seat.

17 Nov 2017 09:33:25
Murty is a good man and a useful stopgap but he's not the man to challenge rodgers. We need a seasoned manager with hopefully a bit of a war chest.

11 Nov 2017 13:35:52
Resolutions for the agm of RIFC seem to screw everyone associated with rangers who own shares. Why not force king to pay the 20p figure set by the takeover panel rather than see the value of each share fall from 0.000001% of the equity of the company to 0.0000005%. common sense to most of us will rangers share holds show any sense or will they follow like sheep

Agree16 Disagree3

11 Nov 2017 09:20:54
Revolution 11 needs to be passed with 75 %of the vote, its needs to be done but as in life it's the small shareholders who paid 70p a share who will lose out.

Agree2 Disagree4

11 Nov 2017 12:09:42
Sorry to be a bit of a realist but are you not just burying your head in the sand? by ignoring the fact that Resolution 11 doesn't mean anything when we are not listed on stock market we don't have a nomad and still waiting for outcome of court of session 're take over panel which may lead us to getting the cold shoulder ( nobody in finance will touch us 're shares ) or am I being too negative and all will be fine? And of course super confident that shareholders are so in love with our club that they will vote to lose considerable money for the umpteenth time just to bail out king and those that are owed their loan money.? Remember any money raised has to firstly pay off these loans before the club gets a penny . I wish I was as confident as you but as I said I am too much of a realist and will wait with baited breath until the serious issues are resolved before commenting on how many millions we will have to put us back on our feet

11 Nov 2017 13:36:35
I think there will be a lot of people jumping to take the 20p if king is forced to comply with the take over panel decision. Rocky road ahead for king and co.

16 Nov 2017 19:42:48
10inaR - or maybe it's part of a bigger plan lol!
Lighten up :-)

08 Nov 2017 19:08:48
Anyone heard the rumours of the American business man looking to invest.

Agree2 Disagree0

08 Nov 2017 21:01:51
I’ve heard Alister Johnson is involved with 2 Americans seemingly willing to invest. How true I don’t know. probably Lillian Gish but you never know!

09 Nov 2017 08:43:07
Bill Miller, five years ago. Arguably the last totally transparent person regards Rangers accounts, he told you frankly there was a £30 million hole in the club, which has proven to be accurate given the perpetual losses, your reply was a banner saying "Yank Go Home! " which was all the more cringeworthy as two "Yanks" were playing for you that day and you had a third in the squad. At that was for being open and telling you the truth! Seems you prefer liars.

09 Nov 2017 11:02:43
gazo you seem to know more about our club than your own pacific shelf

10 Nov 2017 06:19:28
Yeah I can read kini, it's an amazing thing when you apply it in a non bias way, it shows up charlatans and fraudsters regardless of what colour tie they wear, some of you should try it some time.

11 Nov 2017 08:49:44
Didn't wee fergus pocket over £40m and walk away?

11 Nov 2017 12:18:53
Didn't wee Fergus say that's what he was gong to do and did so! Can't fault the guy for doing exactly what he said he would and leaving them financially solvent and with a business acumen that we can only dream about.

14 Nov 2017 13:24:55
we need sugar daddy to shut up some of our fans ut i think we will be ok once on the market and will get investors coming then as they won't do it till we are

07 Nov 2017 21:41:37
crystal palace reportedly due £2mill compensation if big sam takes job before july 2018 - sky sports.

Agree0 Disagree1

08 Nov 2017 08:51:37
Good! That's him ruled out

05 Nov 2017 09:51:17
Accounts out
£6.7m losses
We paid £3m to get out the sports direct deal
We need another £4m to get to the end of the season
Loan repayments put back till June next year when £12.9m needs to be repaid and another £3m in December.
Cash in the bank in June £2.8m-wow

Agree5 Disagree6

05 Nov 2017 10:57:25
In other words rangers are in dire straits and this is last seasons accounts, How much to pay off pedro and no europa league this season!

06 Nov 2017 18:58:51
Altogether now- There may be trouble ahead.

15 Nov 2017 14:47:29
well anyone at the top knows where we are finacially but also know with new sponsors and sales of the new kit when its released we will make enough to almost break even in one season but this will affect us on the pitch and in turn effect our income from europe.
i think we will be ok and the board will not allow us to go back into administration

05 Nov 2017 09:49:55
Current financial state is worrying according to SSN. Nearly £7 million loss and looking at another £3 million needed to see the season through. Cannot see any money being made available to the new manager. Need some wealthy bears to bail us out again.

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15 Nov 2017 14:48:27
c'mon wealthy bears where are u and why are u not handing your hard earned cash to us lol

05 Nov 2017 09:48:33
The accounts are out a £6.7m loss, double last year despite getting back to the milk and honey that is the SPL. I recall many of you predicting it will all be well once in the top division, oh well.

To be fair there is a £3m cost in there that presumably won't happen every season but that opens its own can of worms. Does anyone remember Dave mentioning a £3m hit during the spectacular end of the deal with Sport Direct? I don't recall it being mentioned at all. Transparent Dave not being transparent, surely not?

For the forthcoming season there will be further cash required, £4m to keep the lights on, the first tranche of which is required this month, with a further £3.2m required next season, is living within your means just a fictitious state of mind that other businesses do? On the week creditors are projected to get less than 4p in the pound its another shining example of what a basket case of a club you are.

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05 Nov 2017 09:47:09
That's the accounts out for all to see Timothy will have many a sleepless night going through them and they said they were stalling releasing them too tut tut.

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05 Nov 2017 13:42:26
Calamero, on the week where the umpteenth losses in a row were revealed, a revelation comes out about Sports Direct getting £3m no one knew about, news emerges that this season further cash will be needed to keep the lights on and oh and by the way it's the same next year, you choose to have a pathetic wee "obsessed" flavoured pop at Celtic fans. With antipathy like yours is it any wonder your club is a shambles? If we were your only concern this week you don't deserve a club and don't moan when it all goes Pete Tong again you did NOTHING about it.

06 Nov 2017 05:04:25
Think you just proved his point gazo old chap.

06 Nov 2017 08:32:20
@gazo - aye because we are all sitting here with £10's of millions burning a hole in our pockets. Just like you personally rocked up and rescued Pacific Shelf - oh wait that was The Bunnet. Who eventually sold up for mega profit.

06 Nov 2017 09:23:29
His lack of talking about any other part of the finances since seems to have proved mine Ducca. Of course we are going comment on them, it's the lack of talking and concern from Rangers fans that is bewildering old chap.

07 Nov 2017 02:05:41
Nothing to do with that Union Jack you have stubbornly backed dodgy character after character because non Gers were telling a few home truths about them. Dave Bassett gave you the entire template of what Charles Green would do and still you ignored it.

As for what you can do personally, it's called an AGM, if you have any shares you can vote, it toppled the last Board bear in mind and all board members need voted on and since no one has close to 30% personally then all board appointments are to some degree up for grabs and it only takes one board member to get say 10% less approval than others for a message to be sent but most of you buy any old Craig Whyte if its uttered from a guy in a Rangers tie.

And yes things changed at Celtic more because of McCann than anyone however was there any doubt in the fans misgivings about that board? No there wasn't. "The rebels have won" declared Brian Dempsey and that term applied to more than Fergus McCann. Nothing wrong with a profit if you can make a legacy but of course turning a profit seems to be a bit of a problem currently doesn't it Union Jack?

09 Nov 2017 08:35:52
@gazo - didn’t Dempsey get dropped like a hot potato by the Bunnet so obviously you weren’t all singing from the hymn sheet. As you can see on here we all have differing opinions on who should be manager, formation etc. Doesn’t make us right or wrong. But thanks anyway for your concern.

10 Nov 2017 06:20:05
UJ I could have swore we were talking about dodgy board members and how fans can impact that, not owners sacking other board members but nice deflection. Now have you any thoughts on holding board members to account via AGM's or any further gems on profit making since you brought that up too?

 


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