Rangers Finances


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25 Feb 2017 19:27:20
Like it or not Ashley is a main player moving forward, The King is Gone long live the king.

He tried but it was not meant to be, Ashley has the contacts and business acumen to take us forward. Bottom line is we are going nowhere with out major investment.

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25 Feb 2017 23:20:31
Omfg! that's all I'm saying😳😳

26 Feb 2017 04:22:50
wtf are you on about king hasn't gone anywhere. and Ashley isn't going to invest after loosing control of the club.

25 Feb 2017 17:18:44
Surely rangers fans must ask serious questions NOW what is happening. No point letting the board fleece everyone again with a big announcement in April when season tickets are due for renewal.

I now see posts wanting Ashley involved again which to me looks like desperation instead of getting the board to be what they said they would be and that is transparent.

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25 Feb 2017 20:38:40
Lance, it's not really fleecing now is it?

Follow follow til we get back to where we belong (rough and long road ahead) or take your support elsewhere. No-one is forced to buy anything but if enough sunshine supporters don't renew the season tickets you can force change.

On transparency, I don't see any other club in the world washing their laundry in public or issuing their intentions every 10 minutes.

Running a football club is a serious business in normal times. Given the extraordinary times that we are forced to endure I can see no benefit to giving our enemies (MA and the other architects of our current situation) any information.

Fans? Everyone has an opinion but seriously people with football in their blood know more about what's required that the people on the terraces.

Take Murty, youth coach with good knowledge and experience is floundering - it's not as easy as a few hard core naysayers on here seem to believe

26 Feb 2017 00:17:52
People with football in there blood and sit in a boardroom make them more knowledgeable than a mam on the terraces. You mean people like dave king, paul Murray who have already been on a rangers board that failed
You batter on mate and keep putting money into a lost cause because that is what this has become for rangers.

16 million in season books and hospitality, 18 million king said has also been spent and 6 million in soft loans =40 million to be 33 points behind and 9 points behind second.

25 Feb 2017 11:52:21
I think it's about time our current board try to build bridges with Mike Ashley and his people for the benefit of The Club.

I appreciate that things may have gone to far or become more about the personalities involved than for the greater good

The merchandise boycott has worked to a point, but there are no winners. Ashley is making nothing from it and the Club is staved of a huge revenue stream

Currently, our only means of raising substantial capital is through Season Ticket sales. If we don't invest in a young, dynamic and exciting manager, season ticket sales will drop, therefore reducing the amount of money the club can generate.

Ashley has plenty £££'s burning a hole in his pocket.

I don't care if we rename Ibrox "The Sports Direct Stadium" or there is SD advertising all around the stadium.

All I want is our club in a sound financial footing and the team to be successful

We are currently miles behind Celtic, that is not in doubt, whether we like it or not, so the only way I can see us closing the gap both on and off the pitch is get Mike Ashley inside.

He may not be everybody's Cup of tea but at present I see no-one else on the horizon who has the financial clout to move us forward

Thoughts please fellow bears.

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25 Feb 2017 12:00:09
Might be our only option because I can't see anyone else investing and without huge investment we are going nowhere

25 Feb 2017 13:39:14
I have no doubt Ashley is currently involved in some form of talks with some fractions of the board

25 Feb 2017 17:29:11
How can anyone seriously want Ashley involved, after what he has done at the club?

25 Feb 2017 19:41:15
Ashley is a no from me. do we have short memories? we are in court in march with him. which way this goes will determin how strip deal might play out.

26 Feb 2017 09:51:36
Not a Bear or real Gers Man but what I see here sums up why you lot are taken as mugs. Begining of the season you all banged on about winning the league, King being a Saviour, The Magic Hat best Coach in the league, Weir a legend . Spin forward 7 months and happy to finish 3rd, Barry Ferguson as coach and Ashley in control. You couldn't make it up. A gift that keeps giving.

26 Feb 2017 11:05:09

Where is the evidence of Factions on the Rangers board and the certainty you have that Ashley is talking to them. This is possible but very unlikely. Ashley has only two interests- himself and then Sports Direct.

I concede that Rangers need serious investment and is the only way the competition with Celtic will be restored in the next 10 years if we are fortunate. Gradually building a team while we live within our financial means will take many years. We currently are not living within our means and like it or not the only place that investment will come from is the fans in some form of give away. If not being a Rangers fan will continue to be this painfull.

Like it or not If Rangers spend a £5 then Celtic can spend £25. The gap between the clubs has never been greater. We either tolerate it or do something.

We all moan about the team. the quality of player, the stadium, removing the constraints of Mike Ashley etc but we want others to pay for our team and football. If we want to return and compete at any level consistently we will have to pay for it. Season tickets generate no more than £13m a season and the club takes £30m to run. If al season ticket holders accepted paying double for our season tickets for the next 5 years if gauranteez was given that 40% of it was spent on players then the tide would start to turn. If we do not do something then the current level of competition will be experienced and the gap will simply get bigger.

We either do something or continue moaning with no effect from the sidelines

23 Feb 2017 09:51:38
if bdo win the tax case and Sue duff and Phelps for 30 million, the creditors may get paid in full.

which begs the question can oldCo come out of liquidation?

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23 Feb 2017 15:33:21
You clearly don't know what liquidation means- dead, deceased, passed away, no longer exists.
Have u seen the parrot sketch on monty python lol.
Its about as real as Triggers brush.

23 Feb 2017 15:58:13
actually mate a judge in a court of law can overturn liquidations if all debts are paid.

and by the way rayman99 old are in the process of liquidation, the process is not complete yet.

24 Feb 2017 14:59:43
What if the court did overturn the liquidation. Which rangers would you support newco, oldco or would oldco just take newcos history so confusing but also so funny 😅

24 Feb 2017 16:37:47
oldco buys newco problem solved lol.

24 Feb 2017 22:55:22
What if Newco refused to sell to Oldco.
What if Newco buys Oldo.
Which Rangers team would merit your allegiance?

25 Feb 2017 03:46:39
Surely you mean which Rangers company would merit your allegiance? The team is the same.

23 Feb 2017 14:48:11
olcco, could conceivably come out of liquidation but the part of the oldco that was the Rangers Football club was sold on along with trade naming rights, stadium etc. so what would you expect the oldco to do?

19 Feb 2017 17:33:54
A think king should come out and the the fans what's happening instead of hiding over in SA not when he's looking for season ticket money in the summer what do yous think fellow bears

Agree9 Disagree2

20 Feb 2017 10:51:30
Problem with that is would you necessarily believe anything King told us?

19 Feb 2017 16:15:55
so david king came out and said they have invested up to 18 million in the club and prob going have to invest more would be intresting to hear how much of that has came from him i bet very little
If rumours are true and other rangers investers are becomeing very wary of david king and his failure to invest like promised.
and there others out there that are willing to invest but not willing to work with king.
then i think king should consider his postion as chairman.
because wee need club rebuilt from top to bottom and a chairman so far away is not good enough he can not give the club his full support from south africa while we rebuild he has tain us far as he can has stabilsed the club but now squad needs a serious overhaul and scouting network and do do this we need funds and king seems to seriously lacking that even tho he previously said he alone would invest 30 million in the playing squad

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20 Feb 2017 08:57:36
as I said previously, DK's rhetoric went from HIM investing £30 million to WE need £30 million investment.
Another shyster and grifter conning the hard working supporters out of their money.
Club was sold to Green even although there were higher bids submitted.
Wonder of the mob who pushed the Yank and his money away are happy now?
Strong mumbles of another admin starting to be heard by quite a few people.
Would hate to think there is any truth in this as that would be it if so.

20 Feb 2017 09:40:52
David king promised a lot of things and so far has failed to deliver on any of those promises or backtracked on him self and the way he handled the situion with warbutton is a shambles time for him to step aside and let others invest
He is only intrested in getting the share issue threw and when this hasn't happend there has been no back up plan

20 Feb 2017 15:16:43
I, ve said this in the past but maybe nobody cares what I think?
To invest means you are looking for a future return on monies invested.
I do believe he has spent big money in our club but IMO it was to increase his share holding so in return reducing ASSWIPES strangle hold over every vote that had gone on with bad buisness contacts put in place ie strips, naming rights ect.
Many big fights are going on in the background and I do hope King wins allowing him the chance to do what he promised if not sell out to a major investor. We all know the name banded about.
Or is the just BULL also.

23 Feb 2017 13:24:31
some people are so impatient!
listen to this king and co have allowed over 20 new players to come in in two years paying their wages and transfer fee (if needed) .

i personally don't blame him to think he didn't need to spend much to catch celtic as las season we played far better football and its not because we where in a lower league we where far better last year than we are this year! "FACT.

we need to get behind king as he is trying to get us out of contracts that are crippling our club and scaring away investors.

17 Feb 2017 21:29:46
Seen all the news articles and journalists mocking rangers board for not answering any questions but I just assumed rangers would be advised not to discuss anything with anyone till the legal case has been resolved? So surely the board are doing the right thing by not making public statements

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18 Feb 2017 13:15:12
They started with the public statements, oh the irony.

20 Feb 2017 08:59:56
Fair point Kwaj, Mr King led the way instead of keeping his mouth shut.
How is it this club has been able to attract so many conmen in such a short space of time. I see DM is keeping a very low profile.

20 Feb 2017 15:12:45
Does that include the conman who signed 14 out of 19 players all through his daughters management company?

16 Feb 2017 23:51:24
How much does people think it will cost the club in compo for warbs and the other 2. I don't think the club will have any written resignation letters, I think the board will have to pay them off, but I'm still glad they got rid of them after they all tried to worm there way back down south, now I know why warbs and weir never moved their families to Scotland, they never planned on being here for the long haul.

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23 Feb 2017 13:30:48
believe me as long as we have witnesses to the resignation their agent put in we will be fine!

good ridance anyways i always tried to back the manager but his man managment was non existant and his philosophy of plan A or plan A just didn't cut it up here

15 Feb 2017 13:26:49
My wee niece works at Ibrox and the board have been rattled as MW, DW and FMCP have started proceedings against the club for compensation.

New contracts were signed in July 2016 and the estimated pay out for all 3 is 2 million. Further to that MW is suing DK for making false allegations about the resignations.

MW is raging and wants to take him to the cleaners for the way DK has treated him as a manager. They are in the process of a court hearing to get 3 million ring fenced due to this.

Everyone has been startled at the speed MW has done this. The Chinese whispers are that the board are raging with DK for doing this as most of the high command are saying the resignation never occurred.

I personally think DK needs to step down as he is an ego maniac that wants to spend OUR money fighting people in court.

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15 Feb 2017 14:01:14
DK put out a very strong statement regarding the 'resignations. '
If, as you would expect, he has the resignations in writing then there is no issue other than any personal case MW might wish to raise relating to him personally.
IF, as I personally suspect, there is nothing in writing then DK (and the club) could be facing some serious financial penalties regarding this statement and consequences.
Looking at it objectively.
Management Team has won promotion to the top tier.
Management Team was awarded a substantial wage increase in recognition of their success and to encourage them to remain at the club.
Still possible to win the league (highly unlikely if being practical but mathematically possible)
Likely to finish in second place which could mean Europa League qualification (and the revenue involved)
Could win the Scottish Cup (again EL qualification and revenue)
So DK cannot say they were released due to poor results overall. And, as I said previously, if there is nothing in writing then the management team could sue for unfair or constructive dismissal.
Why is it always a case of stumbling from one mess to another?

15 Feb 2017 18:39:59
I believe Rangers Board have made a mess of this. The club is skint and there will be a penalty to pay Warbs and his lot. The man is business orientated and when he says he never resigned then that will be the truth. No signed paperwork in place and not compliant with employment legislation. Not only contractual issues but also professional issues relating to damage to reputation.

Furthermore it was interesting to read the press destruction of Kings most recent statements. In all a shambles, and for the primary excuse then tell me any SPL manager who does not want to progress to the EPL.

We had a team in place, a strategy in place, and a vision. Unfortunately the budget was not delivered. OK, some unlucky hiccups along the way. The loanee's will be pulled back to their base asap, and there will be others wanting out. In all there will be a total lack of moral. So it will be a new manager, a new team, and we will have gone back 18 to 24months, and another massive dent in the financial debt.

They say onwards and upwards and we were getting there, alas the conclusions from last weeks events suggest that is definitely not the case, in fact a worsening situation. Goodness, a youth team coach with no managerial experience in charge. Is this Glasgow Rangers?

15 Feb 2017 20:25:56
If DK had any grounds, the management team would have been dismissed and the word resignation wouldn't be anywhere in the equation


16 Feb 2017 23:55:33
DK did the right thing and I'm pretty sure the board are right behind him. If I ran a club and my management team had been sneaking about trying to negotiate an escape route then I would march them straight out the door. We need commitment! Not some charlatans who get itchy feet the minute things get tough.

17 Feb 2017 11:53:56
It's not about DK doing the right thing, it's, did he follow correct, legal procedures. If not his competence comes into question!


20 Feb 2017 09:05:41
Exactly chasaboy. can't react with the heart when there are rules and regulations along with consequences for breaking them.
Much as MW has publicly stated he had a great time at the club and met some lovely people, he will want to crush DK as much as legally possible from a business and a personal point of view (particularly after that written statement)

12 Feb 2017 16:53:18
Big Senderos looked like a poor man's Konterman today and Halliday only gave the ball away in dangerous positions about three or four times.

Still a wins a win.

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13 Feb 2017 21:24:58
Senderos at fault with defensive header that provided Morton boy with great opportunity. Think he adds physicality and cover to defence at set pieces and provides an attacking threat at corners for us. Much better than Rob and I would keep him in the team. Would like to see Wilson along side him. Halliday no comment.


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