aDONisSheep

Legally my erse! They are not obliged to respond to some hacks questions and certainly not in any legal sense. Their obligation is to their shareholders and they should not be disclosing financial information that could affect their share price (either way) to a third party before they inform the stock exchange. It is completely disengenuous for Phil Macgiolla Bhain to pretend otherwise. It undermines credible argument, to pretend that they have such an obligation. He can ask all he likes, but he has no right to a response. Yours aDONisSheep

I agree, and in addition would say; He has no right to a response. NewCo are a listed company, they can't give out financial info just because some hack asks a question. It is almost dishonest that he has led his readership to believe that they can. I have no doubt that NewCo have cash issues, but this is not the way to get to the bottom of it. Yours aDONisSheep

You're in danger of confusing balance sheet items with P&L items. Now both affect cash, but one has a significantly lower P&L impact than the other. The Chuckles investigation £600k was not part of the £14.35m operating loss. Balance sheet items are also not passed directly through the P&L (only the depreciation and amortisation charges are), of which these figures do not include a full years charge. As far as cash is concerned NewClub has probably chunked through circa £35m (excluding the costs of running the IPO). But as you pointed out a good £11.5m was spent on Assets. If you think that your ongoing losses have dropped from £1.1m pm to £0.6m pm then I think you're being optimistic. But even if that is the case, that is still an operating loss of £7.2m p.a. and you've probably got another two years of that coming. Yours aDONis

Aye, but that was for 13months and included a bonus for £200k which he says, he's not taking this year. Or as Brian STockbridge would say (as he often does) "If you think of it this way", I've raped the club, but I promise to be more romantic next time. Yours aDONis

What I can't believe is that he doesn't know his own accounts! He repeated three times that in the £14m loss were £4m of non-recurring items. No they weren't. The £4m of non-recurring items were in addition to the £33m spunked on running the company. It's also a complete fallacy to say that the 93% wages to turnover is not a key figure, but that people should focus on the 43% for players. Should they fvk! A high cost base is a high cost base, it matters not a jot, what the split between playing and other staff. To think SevCo are paying him £150k+ in salary for this shyte.

To be fair, it's a step on from "what school did you go to?"

They're not bigots you know. Well maybe just the odd one........

I am that sad lad that works from home so can listen to it. Nothing controversial IMHO, only stuff we knew; Sandy Jardine "couldn't run a bath", and was laughed at for marching on an empty Hampden. Ally McCoist is a "crap" manager, who should have been emptied, but who's probably only kept his job, because the shyt hit the fan. Paul Murray is a waste of oxygen, and the Blue Knights were as much use as a chocolate teapot. The SFA and SPL boards were desperate to keep some sort of "Rangers" in the mix, and "shat it" when Bill Miller told them their concessions hadn't gone far enough. Dead Rangers were fvkked before Nookie Bear even got in the front door. Ticketus fvkked up their contract because it was written under English law, so what they deemed as low risk, meant they lost the lot. Fudd & Phlaps had a hotline to the Scottish Government. Yours aDONis

There's no need to exagerate, I believe it's only circa 310 to 320 criminal charges.

The Murray Rangers is dead! This latest fiasco, is about who owns the assets purchased from the dead-club, and whether there was a fraud perpetuated in that asset purchase. Yours aDONis

I'm not sure what ASA can say. SevCo bought the rights to trade under the name of Rangers and the other chattels that went with it. They paid about £1 (or £3 if you throw in the fact that they claimed to have bought the SPL share and SFA membership IIRC). The ASA aren't going to look into the underlying process of the dead club to SevCo debate. They are simply going to say, SevCo bought the rights and as such, can use them. Yours aDONis