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Big Rangers Administration/Liquidation Thread - All chat here!


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Pedro,

Appointed 7 months ago on a 3 year contract and they paid compensation to the Qatari club he came from,

Looks like compensation to get him and then get rid of him within a year and then there are his signings to deal with on big wages and contracts.

 

Good job Dave King has deep pockets to deal with this.............................................................Oh wait

:thumsup2:lol::thumsup2:lol:

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EMPHASIS OF MATTER – GOING CONCERN

We draw attention to note 1 to the financial statements concerning the Group’s ability to continue as a going concern. 
In order to continue operations for the next 12 months the Group is dependent upon raising additional finance to 
cover the projected cash shortfall of £4m in season 2017/18 and a further £3.2m in season 2018/19. Failure to secure 
additional funding would result in the existence of a material uncertainty which may cast significant doubt as to the 
Group’s ability to continue as a going concern. The financial statements do not include the adjustments that would 
result if the Group was unable to continue as a going concern. Our opinion is not modified in respect of this matter.

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