Rangers Finances


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11 Mar 2018 20:23:05
On a brighter note for our football club! Hearing stories at ibrox today among a good few of our supporters, that a new 4 year kit deal has been signed with adidas, who'll replace puma as our new kit manufacturers, for the start of next season! Hearing adidas outbid both nike and puma to secure the deal with rangers! Worth £24million over 4 years, ie. £6million a season! that's fantastic financial news for us if true! Only passing on what a few of our supporters were saying at ibrox today! Rangers and adidas seemingly will announce the deal in due course!

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13 Mar 2018 20:41:20
Sorry, but it’s under armour, 3 year deal

15 Mar 2018 09:32:17
something tells me that if we had great news like this undoubtedly would be Rangers would be shouting it from the rooftops.

15 Mar 2018 12:59:52
Hope one of the above post are true, but big companies will think twice after the way we treated Puma. They were caught between the board and Ashley.

08 Mar 2018 16:35:54
Let's not forget a world wide financial collapse led to the bank putting pressure on Murray to sell for a pound, with debt transferred, if he comes back he's got to come back with a cheque book and better business plan, ps can't wait for Sunday, at Malaga airport now on way to Glasgow.

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08 Mar 2018 18:28:18
SFA will never allow that to happen he also caused problems that affected small business as well get him to ****

09 Mar 2018 13:50:17
SFA enquiry found that Murray had done nothing illegal in selling Rangers to Whyte.
Also he is maybe seeking to buy someone's shares in Rangers so money does not go to club. Resolution 11 does not affect him as Rangers get to decide what shareholders they sell to based on existing share holding.
To my knowledge Murray is not a shareholder t present. If he is it would be less that 1percent as he is not listed.

08 Mar 2018 09:45:14
On david murray. i would welcome any investment from him, i believe he feels he owes us a debt.
Yes the club went downward when he left but he provided us with a lot of great times, signings, trophies.
We need investment badly that's the only way we can get back to the top.

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08 Mar 2018 07:08:47
Sorry ED but on the loan / overdraft facility WHY do we need it? My point is DK said in the accounts that he would cover any short fall this and next season, so what changed, why do we need extra funding or has King not stepped up with the money

{Ed001's Note - no idea.}

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08 Mar 2018 12:54:36
Mull why you even asking? I thought you were the financial expert on all things Rangers. You are always Doom and Gloom where they are concerned.

Beginning to wonder about you. Are you just really a troll from the dark side?

08 Mar 2018 17:16:28
Slim Jim I only state facts on here, might be gloomy but true. Now a question to you- how did you feel in 2012? because if you felt anything like me, you would never want to feel like that again. That's why I'm on here asking questions and highlighting fact affecting OUR club. We always say we didn't know, nobody said anything in the lead up to 2012 now more news is available so should be brought to the attention of the fans.

08 Mar 2018 01:01:16
According to the Express, Sir David Murray is looking to buy shares in Rangers.


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01 Mar 2018 12:49:33
DK lost his take over appeal. SR said this doesn't affect our plans and share issue will go ahead

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01 Mar 2018 18:00:48
SR also claimed The Close Brothers loan was an overdraft

02 Mar 2018 23:58:57
It is? What's wrong with that

03 Mar 2018 11:11:18
Bee82, it's a loan secured against assets.

03 Mar 2018 15:40:22
@ten is Celtic’s loan/ overdraft facility not secured against assets?

03 Mar 2018 22:01:06
I don't see why people see this as a bad thing. Every company needs a decent credit facility for normal working capital, and to do that you need to secure it against assets. Normal in every line of business.

04 Mar 2018 08:39:14
So we pawn everything apart from Ibrox and MP to get a £3m loan to get us to season book renewal time is normal oh this was the money promised to be covered in the accounts by D King yes it all normal it happens in board room in Britain NOT

04 Mar 2018 10:06:28
Isle of mull we are not selling everything to get a loan. We haven't even took the loan yet. This is for situations when cash is short during the season. And WHEN we pay it back they don't get anything extra. Don't know why everyone's panties are in a bunch over this.

04 Mar 2018 10:14:31
if you worked in finance/ business you would realise this is normal.

04 Mar 2018 15:47:12
The rangers became "the borrower" on the 8th of February, 2018, i.e you have taken the money.

04 Mar 2018 19:28:47
I don't work in finance Bee82 but if you do I will take your word for it. My only problem is if this the way business works why don't every company pawn most of their assets? and why not Barclay or Lloyd's bank supply the loan / overdraft why the wonga of the banking world.

05 Mar 2018 06:43:11
Brian1987. This secured loan vs assets is a very big risk. You do realise we are now in the position where close brothers would be the ones to call in the administrators if we default? Coupled with the mystery surrounding King and the court order its not looking good.

Why King felt the need to literally pawn the family jewels no one knows.

The only thing for certain is king, by his own admission in court, does not have the money to run us, and as was pointed out is waiting his time for season ticket money to come in. What happened to the £30m he was putting into the club? Now it's came out he literally has not put a single penny in.

All my own opinions of course but things are far from rosey with King in charge and its about time the majority of fans started asking questions. I can only imagine the uproar if the same thing happened when green or Ashley were here.

Oh and why have the press refused to ask some of these questions of King? Very very quiet from them over this

05 Mar 2018 06:46:25
@brian1987 we don't pay anything on the loan? The £3m is secured against £5.5m in assets so we are paying &£2.5m give or take roughly for the loan of £3m

06 Mar 2018 06:09:12
If it's an overdraft facility you will pay interest as and when you use it which may only be one or two days a month. Every company has this facility. If it's a loan then will repay the capital with interest, they don't get the asset, would just have a right to it to recover their cash from the asset but only if the business defaulted and could not pay.

06 Mar 2018 06:58:57
Bee82 a lot of ifs, buts, and maybes in your post. I ask again is it common to pawn most of your assets to get a overdraft and why not a high street name? . Do Tesco or Asda put most their assets up for their overdraft? . Finally on this subject WHY Close Brothers why didn't metro Bank offer us a overdraft?

{Ed001's Note - please stop talking about 'pawning assets' when that is simply not true. Clearly you do not understand what is going on. Nothing has been pawned at all. If it was pawned then the club would no longer be able to use them at all until they had repaid whatever loan was taken out on them. As for using assets to secure a loan it is common practice to use assets to secure a loan against, Stan Kroenke used Arsenal recently to get a secured loan to buy a ranch. It is simply a way of reducing the interest payable over an unsecured loan. When there are no securities, the interest rate is increased due to the higher risk to the loaning party. Clubs in England regularly take these loans out to provide the cash for transfer fees, for instance, as the money is not sat in the bank waiting to be used to buy a new player. I wish people on both this site and the Celtic site would stop reading those moronic Celtic blogs from people who haven't got a bloody clue about finances who are constantly spewing pure ignorance to get page views and income.}

06 Mar 2018 08:42:34
Ed do metro bank not do overdraft / loans? . Sr said it was a overdraft why not tell us it was a secured loan? . That's one of our main problems people saying one thing then the bampots prove them wrong

{Ed001's Note - I really have no idea nor do I care to be honest. It is irrelevant.}

06 Mar 2018 09:49:43
Irrelevant a word worth remembering

07 Mar 2018 15:40:40
An overdraft facility sounds much nicer to the ears of the easily led, than a secured loan desperately needed to carry out essential repairs and to bridge an income shortfall

08 Mar 2018 16:33:05
@aindoh - and a high interest loan sounds much nicer to the Begging Bowl Bloggers as they fleece you out of your hard earned cash!

01 Mar 2018 10:19:13
Well Mr king what now:

Will you or noal make the offer to buy shares?

Will you commit contempt of court?

Will you attempt to sell your shares to anyone gullible to buy them?

Will you push through an illegal shares issue and face the consequences of that issue being denied invalid and sevco liquidated?

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01 Mar 2018 11:53:58
obsessed or what
don't worry about us mr king is not a stupid man he will know what he is doing
and as for sevco liquidated maybe they will but rangers won't be liquidated
we have money and we have players capable of beating yous lot next week
and as for 10 in a row yous have no chance whatsoever
rangers can win the league this season but if they don't we will definitely win it next season

01 Mar 2018 12:32:12
Ten, Mr king will indeed offer to buy shares at 20p but lo and behold! they currently trade at 27p, so is anyone in their right mind going to sell? no, of course not, so where does that leave your conspiracy theories? I can smell the fear haha.

01 Mar 2018 13:10:32
Think the share price is 35.5p per share according to stock markets I've checked. Also this ruling doesn't actually affect rangers as a club just dave king. So continue to pray for admin 2 teninarowdeadahead, still won't happen

01 Mar 2018 13:11:47
30 pence on e-bay. Nobody knows what a share is worth as not on stock market.

01 Mar 2018 14:56:13
So with a share issue ahead that halves the value of the shares your saying no one will take 20p? Bull!

01 Mar 2018 14:54:09
Here they come again the doom and gloomers all waiting on a sniff of bad news regarding the famous Glasgow Rangers it’s actually quite amusing now watching them come out their Wee hidey holes 55 is coming keep believing guys👍

01 Mar 2018 16:24:15
how can DK be forced to buy shares costing 11million then do another share issue mens all the money would go to him then he will run for sure

01 Mar 2018 18:03:56
@10 dead has posted as if DK reads the Rangers Rumour site! 😂😂😂

03 Mar 2018 07:30:22
Ha ha, UJ! Had thought about that. Maybe he will join the forum and answer deed Heid's direct question

03 Mar 2018 14:17:20
Dead head ha ha well named

01 Mar 2018 10:21:06
So Dave king has to buy shares for 20p each when the value of shares is 27p, anyone else think that there will be very few people accept the 20p which has to be offered?

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01 Mar 2018 12:44:28
Forfar bear. Can you tell me or show me where shares are worth 27 pence. Shares are maybe worth more maybe worth less.

01 Mar 2018 13:34:48
They r trading at 32p I bought another 500 yesterday

01 Mar 2018 13:41:01
Sorry @notarumour, that is just figure I have heard

01 Mar 2018 15:57:38
Guys the super bought or got shares for 1p so who is to say he would not take a 20p offer and times his investment by 2000% there may be lots more with shares bought for less than 20p hence the reason for the court ruling.

03 Mar 2018 15:52:40
Not a rumour, king had no penny shares, his shares were all purchased at 20p plus. The last batch he and three bears purchased were 20 p hence the takeover panel setting this price.
It is also worthy of noting the 11 million he needs to offer includes his shares, three bears shares and the fans shares. He is not likely to buy his own shares, I don't think fans will sell their shares, so that takes care of nearly 40 percent.
Thereafter the gentleman who bought half off Mash shares at 27p unlikely to sell, another 5 percent

04 Mar 2018 19:31:43
Jboy. How can you buy your own shares? Not all people with shares in rangers are rangers fans. Super ally got how many shares at 1p? How many more have shares for nothing given out under coco green?

01 Mar 2018 08:48:15
Have been told a few things from a ex hibs player who still has a lot of contacts in football. He says rangers will have investment from far east in the summer. The other things are Celtic based.

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01 Mar 2018 10:26:38
Was it Andy Goram, Blootered, in the library? 😂😂😂

{Ed033's Note - Or was it Professor Plum in the study.

26 Feb 2018 07:19:58
Ed could you please tell UJ I've had a long lay down, I'm feeling calm and relaxed. My problem is UJ and his everything will be OK pals have to answer my question. How can we have another share issue with the takeover panel verdict over our heads - answer please. Also my comment about a third of next year season book money being used to get us through this season is folly is still waiting to be commented on. I just can't be as happy go luck as UJ sorry I fear the future of our club. The only pedro signing we got rid of was Pena (still paying half his wage) so our wage bill increased when we needed to cut. Off to work hope UJ and his pals can answer my questions/ comments

Agree10 Disagree4

26 Feb 2018 18:27:46
@IoM - I’ve answered your question previously. We’ll have increased revenue streams from the new kit deal, high earners ( NK, BA etc ) leaving and the £18.72 million fee from the Buffalo transfers.
I would rather be happy go lucky than like yourself who seems to get his knickers in a twist at every wee bit of news .
P.S. I also forgot the CL money😉

26 Feb 2018 20:29:58
UJ stop your messing around ahaha we better look to our future. Not a answer apart from ifs buts or maybe (copywrite big DJ) . So your answer is get a massive kit deal, get rid of our high earners. Sell AM for crazy money, oh and qualify for the champion league and all will be well. Think it you who has been laying down too long mate. Just answer this do you think that using next year money to get us to the end of this season is folly, a yes or no answer will do UJ.

27 Feb 2018 08:47:18
@IoM - none of us are privy to the long term business plan so I'm afraid I can't answer your question. And you can't disagree we'll have increased revenue from a new kit deal and that some of our high earners won't be offered new deals?
Oh and the CL money statement was a joke to reel in our celtic friends who frequent the site but obviously caught yourself hook, line and sinker.
P.S. I did like The Specials reference😉

27 Feb 2018 21:02:34
Lol so I answer your CL line with a oh and the CL and I'm caught hook line and sinker. Think it you that's missing the point mate. I just ask you if you think it's folly to get a loan that will cost us a third of next season tickets money but you can't / won't answer UJ

28 Feb 2018 10:00:01
@IoM - but you don't know that its going to cost us a 3rd of our season ticket money because you don't know what revenue streams are going to open up in the summer.

If I'm wrong I'll gladly come on and hold my hands up. Will Isle of Negativity come on and do the same if you are wrong? Or will you have another bee in your bonnet by that point?

28 Feb 2018 17:11:10
Touchy touchy UJ, I hope I'm on here next season saying wonderful news UJ was right. I might be negative about our off field activities but please remember what we have been through. Most if not all of us said it will never happen in 2012, so bears please be vigilant. Oh UJ I'm still being negative Dave King lost his appeal against the takeover panel so need to find £11m, just reporting the facts mate

28 Feb 2018 20:52:18
Isle of Mull how do you know we’ve used next season ticket money your just assuming this

28 Feb 2018 20:54:10
He doesn’t need to find £11 mil Isle of Mull he needs to offer to buy he shares which will be a lower price that they are at just now so stop being so negative and be happy we’re on the up

28 Feb 2018 23:46:53
Unfortunately gersman, he does have to put up the 11 million. The offer is well above the current value of the shares. Not sure how you are on the up.

01 Mar 2018 07:12:13
Well gers man simple answer is we need loans to get from season to season, our main source of income is season books. Maybe someone will tell us different but our £3m loan from close brothers is to get us to may (money D King said in the accounts he would cover) and please remember in the same accounts he said he would cover the short fall for next season too (over £4m and this could have increased due to pedro players still here and our new signings) . Rumours well this is a rumour site about redundancies in our office staff (these are from the dark side, hope someone on here can quash these rumours.

01 Mar 2018 10:23:19
@IoM - was part of the £3 million not being used for stadium upgrades?
And a question for you. If the courts ruled he acted in ' concert ' are the 3 bears therefore not liable for some of the £11 million?
P. S. we'll make this our last conversation for a couple of days as I've ' talked ' to you more than the wife this week! 😂

01 Mar 2018 18:02:19
Think the takeover panel went for DK as he was the major shareholder. Was told if DK sold his shares the they would go after the 3bears. Catch you later mate missing you already

01 Mar 2018 18:08:11
ABHABH1 I think you will find the 11mil is valuing the shares at 20p I’m sure they are sitting more than that just now and yeah he only needs to find it if the price he has to offer is accepted if not then he will not need to find it and how are we not on the up closed the gap on Celtic and things are looking better so I would say we are ok the up tell me how we aren’t

Isle of Mull yes I’m not saying we don’t need loans but we’ve still spent money taking these loans so stop with the doom and gloom you know as much as the rest of us and is that you trying to make a rumour up again about redundancies stop your starting to bore me

02 Mar 2018 08:40:48
gersman I think you’ll find that plenty will accept King’s offer. We’ll soon find out the true shares value once the prospectus is published and I’m confident it will be a fraction of 20p. I agree things are looking better on the park but I would hardly say you are on the up while you are on the verge of another financial meltdown.

02 Mar 2018 20:15:20
ABHABH1 what financial meltdown are we on the verge of please do explain or am I missing something or is it just you wishful thinking

03 Mar 2018 09:22:42
gersman you are very clearly missing something. You were forced to borrow from lenders of last resort to see out the season. The money Dave King promised the club is now going to be spent on his enforced shares purchases. You already need £4m extra to see you through next season which will probably now double as you have to repay close brothers.

I’m sure the likes of UJ will come back saying we’ll have a new kit deal and European football to make up any short falls but neither of these are guaranteed.
I would describe that as being on the verge of a financial meltdown

03 Mar 2018 15:32:20
ABHABH1 if this was the case why would we sign Docherty for money surely someone that was in a financial meltdown we wouldn’t spend money

03 Mar 2018 18:49:05
gersman - seriously? You know you haven’t paid a penny yet for Docherty?

03 Mar 2018 21:16:33
How do you know this you don’t and even if we haven’t paid anything surely someone who is on the verge of financial meltdown wouldn’t purchase players and the selling club wouldn’t sell as you said they are on the verge surely it would be miss management with Hamilton to sell to us if we’re in financial meltdown as they won’t get anything as I said stop with the wishful thinking as your not going to get what you want you know nothing your just assuming things

04 Mar 2018 11:07:00
gersman I am not assuming anything. Everything is out in the open, if you chose to ignore the facts that’s your choice. But a company who needs to go to a lender of last resort and give up the majority of its assets as security to survive the rest of the season is clearly on the verge of a financial meltdown.

04 Mar 2018 15:35:55
We will agree to disagree then I’m not ignoring anything I just think your reading to much into this just about every company have debt and overdrafts but let’s not get into it you think your right I think we will see at the end of the season who’s right and who’s wrong.


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