stonedsailor Posted March 22, 2016 Share Posted March 22, 2016 http://www.dailyrecord.co.uk/business/company-results-forecasts/rangers-football-club-ltd-reports-7604504#MSBqgrFV66EVRpTG.97 Things are looking rosy. 0 Quote Link to comment Share on other sites More sharing options...
weirdcal Posted March 22, 2016 Share Posted March 22, 2016 http://www.dailyrecord.co.uk/business/company-results-forecasts/rangers-football-club-ltd-reports-7604504#MSBqgrFV66EVRpTG.97 Things are looking rosy. What's that... debts totalling £29.1m fall due within a year... Oooooft 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted March 22, 2016 Share Posted March 22, 2016 Who's going to be first to tell us this is good news from the morons? 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted March 22, 2016 Share Posted March 22, 2016 DK LOL! Now if you look at Rangers, even in terms of the financials, we are in an incredibly strong position. We have shareholders who can fund it and it has virtually no debt. How many clubs in the world don’t have debt? “For any football club our balance sheet is incredibly strong. We are one of the strongest clubs in the world financially. 0 Quote Link to comment Share on other sites More sharing options...
xj2011 Posted March 22, 2016 Share Posted March 22, 2016 (edited) http://www.dailyrecord.co.uk/business/company-results-forecasts/rangers-football-club-ltd-reports-7604504#MSBqgrFV66EVRpTG.97 Things are looking rosy. I have not been keeping track of this charade from the beginning, so apologies if I am bit behind, but that article is so confusing... TRFCL (The Rangers) owe RIFC (Rangers International) £18.1 Million? So they owe themselves money? And is this standard practice for football clubs, in an effort to avoid the "club" ever going truly and utterly extinct? so many questions hahah... but regardless, from what I can understand, it looks like the new Rangers, haven't learned any lessons from their previous incarnation's mistakes Edited March 22, 2016 by xj2011 0 Quote Link to comment Share on other sites More sharing options...
xj2011 Posted March 22, 2016 Share Posted March 22, 2016 DK LOL! Now if you look at Rangers, even in terms of the financials, we are in an incredibly strong position. We have shareholders who can fund it and it has virtually no debt. How many clubs in the world don’t have debt? “For any football club our balance sheet is incredibly strong. We are one of the strongest clubs in the world financially. If I recall he said that at their AGM last year... but on what basis could he make such a claim? And don't tell me, the zombies lapped it all up, without question, just like the good loyal dogs that they are? 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted March 22, 2016 Share Posted March 22, 2016 Sir Phil told them all yesterday morning anyway... ..An excellently placed source at Ibrox has told me that there was a high powered conclave on Friday afternoon. The main players of Rangers International Football Club (RIFC) had business to discuss. Mr David Cunningham King decided not to Jet In, but instead, I am told that he has hooked up by video link. The accounts of The Rangers Football Club (formerly Sevco Scotland Limited) were discussed. My thanks must go to Rugger Chap for spending a sunny Sunday afternoon excavating them for me. I hope to have his forensic assessment of them in a day or so. On the back of that Mr King, the Chairman of the RIFC issued a fiat that a good news story was required. Therefore, expect something suitably Panglossian from the stenographers. Now, let’s be Candide about this dear reader, it is rather their raison d’être. So you have been warned. Anything that is utterly gushing in the tabloids tomorrow apropos Sevco just might have emerged from that dignified order issued south of the Limpopo. Ps...How many Ashley leaving Rangers story's today? 0 Quote Link to comment Share on other sites More sharing options...
Ned Nederlander Posted March 22, 2016 Share Posted March 22, 2016 DK LOL! Now if you look at Rangers, even in terms of the financials, we are in an incredibly strong position. We have shareholders who can fund it and it has virtually no debt. How many clubs in the world don’t have debt? “For any football club our balance sheet is incredibly strong. We are one of the strongest clubs in the world financially. Charles Green, Brechin 2012: “We are in the Third Division and Celtic are in the SPL and what I’d like you to do is promise me at the end of this season, when all the games are played, examine the balance sheets of the clubs and tell me which one is the strongest? Then let’s see who has got the strongest balance sheet. We’ve not got the debt that any of these clubs have and on the last day of the season I would really enjoy some clever financial analyst looking at the balance sheets and debt-to-equity ratio of every club in Scotland.†0 Quote Link to comment Share on other sites More sharing options...
Ned Nederlander Posted March 22, 2016 Share Posted March 22, 2016 Sir Phil told them all yesterday morning anyway... ..An excellently placed source at Ibrox has told me that there was a high powered conclave on Friday afternoon. The main players of Rangers International Football Club (RIFC) had business to discuss. Mr David Cunningham King decided not to Jet In, but instead, I am told that he has hooked up by video link. The accounts of The Rangers Football Club (formerly Sevco Scotland Limited) were discussed. My thanks must go to Rugger Chap for spending a sunny Sunday afternoon excavating them for me. I hope to have his forensic assessment of them in a day or so. On the back of that Mr King, the Chairman of the RIFC issued a fiat that a good news story was required. Therefore, expect something suitably Panglossian from the stenographers. Now, let’s be Candide about this dear reader, it is rather their raison d’être. So you have been warned. Anything that is utterly gushing in the tabloids tomorrow apropos Sevco just might have emerged from that dignified order issued south of the Limpopo. Ps...How many Ashley leaving Rangers story's today? Pompous guff aside it looks like McGillivan actually reread that prior to posting it Couple of erroneous capital letters but it might just be his most error free diatribe to date. (Ruggy Chap = Ruggy ) 0 Quote Link to comment Share on other sites More sharing options...
scottxs Posted March 22, 2016 Share Posted March 22, 2016 So who or what is actually in debt the club or the company running the club? 0 Quote Link to comment Share on other sites More sharing options...
Ned Nederlander Posted March 22, 2016 Share Posted March 22, 2016 So who or what is actually in debt the club or the company running the club? If it were any other club in the World we'd be saying something like "Barca are the second richest club in Spain" or "Chegutu Pirates report operating profit of 2000$" But we're talking about 'Rangers' so we have to say "The Rangers Football Club Ltd reports £9m operating loss" They're a bit special. 0 Quote Link to comment Share on other sites More sharing options...
Dons_1988 Posted March 22, 2016 Share Posted March 22, 2016 The size of the debt really isn't that big an issue so long as the lenders aren't demanding it back anytime soon. Also is it attracting interest on it and are they actually paying that interest or is it just getting tagged into the principal. Also the p&l again isn't that significant, although more significant than the debt. The place you should be looking is the cash flow statement for any real substance on how much trouble or lack of trouble they're in. 0 Quote Link to comment Share on other sites More sharing options...
xj2011 Posted March 22, 2016 Share Posted March 22, 2016 Regardless of that story, what an absolutely farcical establishment, from top to bottom they are. A laughing stock for Scotland and the wider world (if they indeed chose) to behold. The men in charge do not have the common Rangers fan in their heart, and that is a fact that the brainwashed masses will simply fail to accept. As a result, from their super loyal fan base, there has been not one iota of dignity nor contrition for their past mistakes, nor any sign that they are willing to investigate or ask questions of their currently doomed regime either. They deserve all that is coming to them. For shame 0 Quote Link to comment Share on other sites More sharing options...
xj2011 Posted March 22, 2016 Share Posted March 22, 2016 The size of the debt really isn't that big an issue so long as the lenders aren't demanding it back anytime soon. Also is it attracting interest on it and are they actually paying that interest or is it just getting tagged into the principal. Also the p&l again isn't that significant, although more significant than the debt. The place you should be looking is the cash flow statement for any real substance on how much trouble or lack of trouble they're in. sounds like a David Murray thing to say 0 Quote Link to comment Share on other sites More sharing options...
Dons_1988 Posted March 22, 2016 Share Posted March 22, 2016 sounds like a David Murray thing to say There's a large difference between being in over your head with banks that desperately need to clean up their own balance sheets and having debt with sympathetic shareholders that aren't necessarily in any rush to get their money back. 0 Quote Link to comment Share on other sites More sharing options...
xj2011 Posted March 22, 2016 Share Posted March 22, 2016 There's a large difference between being in over your head with banks that desperately need to clean up their own balance sheets and having debt with sympathetic shareholders that aren't necessarily in any rush to get their money back. fair enough 0 Quote Link to comment Share on other sites More sharing options...
stonedsailor Posted March 22, 2016 Share Posted March 22, 2016 How does this affect their standing in the FFP regulations? If they win the SFA cup will they have a licence to play European football next season? 0 Quote Link to comment Share on other sites More sharing options...
forever_blue Posted March 22, 2016 Share Posted March 22, 2016 (edited) Hi all just popped in to say 54 and counting We welcome the chase That will be all now, cheerybye Edited March 22, 2016 by forever_blue -3 Quote Link to comment Share on other sites More sharing options...
xj2011 Posted March 22, 2016 Share Posted March 22, 2016 Hi all just popped in to say 54 and counting We welcome the chase That will be all now, cheerybye more evidence of not giving a f**k about his own club/company 0 Quote Link to comment Share on other sites More sharing options...
aofjays Posted March 22, 2016 Share Posted March 22, 2016 more evidence of not giving a f**k about his own club/company Leave him alone, it's all he's got. 0 Quote Link to comment Share on other sites More sharing options...
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