Fairbairn Posted October 3, 2019 Share Posted October 3, 2019 25 minutes ago, vanderark14 said: This made me laugh Rangers are apparently receiving the Social Responsibility of a Football Club, Role Model Award’ It's the Rangers Charity Foundation that have won the award I think. Quote Link to comment Share on other sites More sharing options...
vanderark14 Posted October 3, 2019 Share Posted October 3, 2019 4 minutes ago, Fairbairn said: It's the Rangers Charity Foundation that have won the award I think. Fuck knows, I never read it. I just found it funny rangers were linked to an award with that name Quote Link to comment Share on other sites More sharing options...
Rolling hIlls Posted October 4, 2019 Share Posted October 4, 2019 22 hours ago, vanderark14 said: Fuck knows, I never read it. I just found it funny rangers were linked to an award with that name Hence lies the problem. You don't read facts. You presume then make up your own bile. Quote Link to comment Share on other sites More sharing options...
Cove_Sheep Posted November 1, 2019 Share Posted November 1, 2019 Turnover increased by 63% but a loss of £11.3m for the year Quote Link to comment Share on other sites More sharing options...
Mox Posted November 1, 2019 Share Posted November 1, 2019 32 minutes ago, Cove_Sheep said: Turnover increased by 63% but a loss of £11.3m for the year Great news. Quote Link to comment Share on other sites More sharing options...
sbcmfc Posted November 1, 2019 Share Posted November 1, 2019 On the same day Motherwell announced they had paid back the debt to our previous owners, and are now fan owned and debt free! Seems like Rangers are very much gambling on European group stages. I don’t think there’s any way of sugar coating it, other than they lost less than last year. 🤷♂️ 😂 Quote Link to comment Share on other sites More sharing options...
macy37 Posted November 1, 2019 Share Posted November 1, 2019 These accounts Don’t include Kents fee nor big Mikes “fee”. Quote Link to comment Share on other sites More sharing options...
beardy Posted November 1, 2019 Share Posted November 1, 2019 and a £3.6m increase to legal and professional fees Clucking Bells, that's an increase of 10,000 pounds for every day of the year. Not the actual costs, just the increase of costs. Over 10 grand every single day for lawyer and professional fees. 😀 Quote Link to comment Share on other sites More sharing options...
beardy Posted November 1, 2019 Share Posted November 1, 2019 Losing a million pound every month. Wow Quote Link to comment Share on other sites More sharing options...
Jim Beem Posted November 2, 2019 Share Posted November 2, 2019 Be funny if they win the league, then fold within hours 😂😂 Quote Link to comment Share on other sites More sharing options...
vanderark14 Posted November 2, 2019 Share Posted November 2, 2019 3 minutes ago, Jim Beem said: Be funny if they win the league, then fold within hours 😂😂 They wouldn't care, they'd stop 10iar and start from league 2 again or more likely start at the top this time. Quote Link to comment Share on other sites More sharing options...
WCTA Posted November 2, 2019 Share Posted November 2, 2019 13 minutes ago, Jim Beem said: Be funny if they win the league, then fold within hours 😂😂 My balls would burst with so much delight that Loch Michigan would turn into saltwater. Quote Link to comment Share on other sites More sharing options...
thplinth Posted November 2, 2019 Share Posted November 2, 2019 18 hours ago, beardy said: Losing a million pound every month. Wow The way King causally says they will need another 10 million from ‘investors’ within the year to keep it from going bankrupt. This is RFC’s business model, rack up massive losses and continually fund it through folk willing to throw their money down the pan. They only really got caught out the first time due to incurring a bill so large no one was willing to pay it off. Just imagine if they just gave the money to a good cause instead. Quote Link to comment Share on other sites More sharing options...
beardy Posted November 2, 2019 Share Posted November 2, 2019 5 hours ago, thplinth said: The way King causally says they will need another 10 million from ‘investors’ within the year to keep it from going bankrupt. This is RFC’s business model, rack up massive losses and continually fund it through folk willing to throw their money down the pan. They only really got caught out the first time due to incurring a bill so large no one was willing to pay it off. Just imagine if they just gave the money to a good cause instead. It's crazy, they only need 50,000 pounds every day to get to the end of the season. 50,000 every day. 😯 65 million losses in the last 5 years. That's a staggering amount of waste to sit shivering in Celtic's shadow. I guess their owners are so far invested that there's no easy exit. If they're happy pumping money in then fair enough. Quote Link to comment Share on other sites More sharing options...
Rolling hIlls Posted November 3, 2019 Share Posted November 3, 2019 And here we go again. The paranoid financial experts on rangers. Please keep us alert to all rangers accounting. Or. And it's a big or. Go and have a life without rangers. Right. That's me out ma bed. Think I will go and look in to the financial state of Albion rovers. Quote Link to comment Share on other sites More sharing options...
Jim Beem Posted November 3, 2019 Share Posted November 3, 2019 15 minutes ago, Rolling hIlls said: And here we go again. The paranoid financial experts on rangers. Please keep us alert to all rangers accounting. Or. And it's a big or. Go and have a life without rangers. Right. That's me out ma bed. Think I will go and look in to the financial state of Albion rovers. You cunts could only dream of Albion Rovers financial position.😂 Quote Link to comment Share on other sites More sharing options...
macy37 Posted November 3, 2019 Share Posted November 3, 2019 I’ve found it astonishing the Huns reaction to their latest figures. Vast majority claiming they’re great figures and all looks tremendously rosey. If this was your own business you wouldn’t be sleeping with worry your house was at stake. You really couldn’t make this up after what happened previously. Quote Link to comment Share on other sites More sharing options...
macy37 Posted November 3, 2019 Share Posted November 3, 2019 https://www.forbes.com/sites/mikemeehallwood/2019/11/03/steven-gerrards-rangers-announce-11m-lossin-a-manner-designed-to-hide-them-from-the-media/#1f688877409b Quote Link to comment Share on other sites More sharing options...
thplinth Posted November 3, 2019 Share Posted November 3, 2019 Surprised rangers do not run foul of the financial fair play rules. Club run at substantial loss with endless injections of new owners capital to keep it afloat. It is financial doping as blatant as it can get. I wonder how they escape scrutiny. Quote Link to comment Share on other sites More sharing options...
EddardStark Posted November 3, 2019 Share Posted November 3, 2019 38 minutes ago, thplinth said: Surprised rangers do not run foul of the financial fair play rules. Club run at substantial loss with endless injections of new owners capital to keep it afloat. It is financial doping as blatant as it can get. I wonder how they escape scrutiny. Clubs have to submit our accounts to the governing body in respect of financial fair play. As with most accounts there are lots of one offs both ways. However we have a lot more in terms of saleable assets. Quote Link to comment Share on other sites More sharing options...
Redz Posted November 3, 2019 Share Posted November 3, 2019 31 minutes ago, EddardStark said: However we have a lot more in terms of saleable assets. Fine. Sell them and pay off the debts left from oldco? Quote Link to comment Share on other sites More sharing options...
thplinth Posted November 3, 2019 Share Posted November 3, 2019 20 hours ago, beardy said: It's crazy, they only need 50,000 pounds every day to get to the end of the season. 50,000 every day. 😯 65 million losses in the last 5 years. That's a staggering amount of waste to sit shivering in Celtic's shadow. I guess their owners are so far invested that there's no easy exit. If they're happy pumping money in then fair enough. 65 million... yeah. In such a short time... From memory the old rangers last accounts had accumulated losses of 125 or 135 million which pretty much equaled all the capital put in. But this was one of the first incorporated entities in Scotland (had a Scottish companies house number I think less than a thousand). So I am thinking that is not an inflation adjusted number (125m-135m)... And that Old rangers probably lost an incredible sum if you put it into 2012 money never mind 2019 money. This has been going on a long time and it does not seem to be motivated at all by making money. Quote Link to comment Share on other sites More sharing options...
Dapo Mabude Posted November 3, 2019 Share Posted November 3, 2019 5 hours ago, thplinth said: Surprised rangers do not run foul of the financial fair play rules. Club run at substantial loss with endless injections of new owners capital to keep it afloat. It is financial doping as blatant as it can get. I wonder how they escape scrutiny. hahahaha you fuming moron. Don't worry about FFP - you're too stupid to understand that. Quote Link to comment Share on other sites More sharing options...
ParisInAKilt Posted November 3, 2019 Share Posted November 3, 2019 So much boldness from some fans of a club that was liquidated not many years ago ... Quote Link to comment Share on other sites More sharing options...
Dapo Mabude Posted November 4, 2019 Share Posted November 4, 2019 (edited) 28 minutes ago, ParisInAKilt said: So much boldness from some fans of a club that was liquidated not many years ago ... Don't know what language you are trying to communicate in here but it certainly isn't English. Edited November 4, 2019 by Dapo Mabude Quote Link to comment Share on other sites More sharing options...
.thumb.jpg.5eeaf0fbe501ba3c868c32fd77caef1f.jpg)
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.