Insaintee Posted November 2, 2019 Share Posted November 2, 2019 11 hours ago, nsr said: Do they have a business plan to actually start making money at some point instead of losing it? Are they just banking everything on winning the league and getting Chumpions League money? Winning Chumpioons league surely wot with Morelos and Defoe and all that 0 Quote Link to comment Share on other sites More sharing options...
jaggyness Posted November 2, 2019 Share Posted November 2, 2019 As someone who doesn't understand FFP how long is it before UEFA can ban them from Europe denying them money they clearly rely on? 0 Quote Link to comment Share on other sites More sharing options...
TavTastic Posted November 2, 2019 Share Posted November 2, 2019 11 minutes ago, jaggyness said: As someone who doesn't understand FFP how long is it before UEFA can ban them from Europe denying them money they clearly rely on? We haven't been and aren't in violation of FFP at all. 0 Quote Link to comment Share on other sites More sharing options...
aDONisSheep Posted November 2, 2019 Share Posted November 2, 2019 4 hours ago, bennett said: Yeah, I saw an article recently about Dundee United overspending in a last ditch attempt at gaining promotion . Their wages coming in at 133% of their turnover was quite shocking, I always thought that they were a model well run club. While we need to get a grip too, I know that the board have said that they'd cover any spending shortfalls but it's not looking good now. FFS keep your story straight, weren't you listening to the oldco fairy stories. It's got nothing to do with the club, it's the company that is overspending. It's almost as though the old club v company spiel was a pile of made up shit, devised to placate fans of DeadRangers! Shirley, shome mistake! Yours aDONis 3 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 2, 2019 Share Posted November 2, 2019 17 minutes ago, aDONisSheep said: FFS keep your story straight, weren't you listening to the oldco fairy stories. It's got nothing to do with the club, it's the company that is overspending. It's almost as though the old club v company spiel was a pile of made up shit, devised to placate fans of DeadRangers! Shirley, shome mistake! Yours aDONis Enigma machine time again. -3 Quote Link to comment Share on other sites More sharing options...
sjc Posted November 2, 2019 Share Posted November 2, 2019 Is it just me or have we seen this movie before? 0 Quote Link to comment Share on other sites More sharing options...
steelmen Posted November 2, 2019 Share Posted November 2, 2019 Is it just me or have we seen this movie before?It’s a good watch though.. so grab the popcorn and a drink and get comfy. This is gonna be good 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted November 2, 2019 Share Posted November 2, 2019 7 minutes ago, steelmen said: It’s a good watch though.. so grab the popcorn and a drink and get comfy. This is gonna be good True but my emergency room is full! A family can't survive on popcorn and alcohol alone! 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 2, 2019 Share Posted November 2, 2019 If you check back on this thread you'll find various posters demanding where Kings £50m was and claiming that he lied about the investment of money into the club. I'm sure the posts won't be deleted. Looks like King and the board have kept their word about additional financing. think the minimum - if we get lucky - is £30m and we will probably need £50m. That would be to compete with Celtic," he said in an interview with SportTimes. He added: "The Rangers strategy should be a simple thing and I have discussed this with institutions. It is this: every year we have to compete with Celtic. That is the business plan. And that is Celtic's business plan as well. We have to beat them and they have to beat us. " He also derided a continual lack of competition as corrosive to the financial health of both Celtic and Rangers. "Nine-in-row is terrible for Celtic and nine-in-a-row is terrible for Rangers. It is good for the fans, but bad for business," he said. He said investment was needed so that Rangers were not condemned to being "also-rans" in Scottish football and pointed out that a "dilapidated" Ibrox needed an upgrade. -1 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted November 2, 2019 Share Posted November 2, 2019 38 minutes ago, bennett said: If you check back on this thread you'll find various posters demanding where Kings £50m was and claiming that he lied about the investment of money into the club. I'm sure the posts won't be deleted. Looks like King and the board have kept their word about additional financing. think the minimum - if we get lucky - is £30m and we will probably need £50m. That would be to compete with Celtic," he said in an interview with SportTimes. He added: "The Rangers strategy should be a simple thing and I have discussed this with institutions. It is this: every year we have to compete with Celtic. That is the business plan. And that is Celtic's business plan as well. We have to beat them and they have to beat us. " He also derided a continual lack of competition as corrosive to the financial health of both Celtic and Rangers. "Nine-in-row is terrible for Celtic and nine-in-a-row is terrible for Rangers. It is good for the fans, but bad for business," he said. He said investment was needed so that Rangers were not condemned to being "also-rans" in Scottish football and pointed out that a "dilapidated" Ibrox needed an upgrade. Yes but Stenhousemuir and Annan also 'need' a massive external input of tens of millions as far as I can tell. Why is it somehow legitimate where Rangers are concerned? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 2, 2019 Share Posted November 2, 2019 2 minutes ago, Monkey Tennis said: Yes but Stenhousemuir and Annan also 'need' a massive external input of tens of millions as far as I can tell. Why is it somehow legitimate where Rangers are concerned? Seperate issues, the point is that a lot of PnBers have been quite hypocritical here. 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted November 2, 2019 Share Posted November 2, 2019 5 minutes ago, bennett said: Seperate issues, the point is that a lot of PnBers have been quite hypocritical here. Pretty immaterial. It doesn't need P&Bers to pass judgment on King. 0 Quote Link to comment Share on other sites More sharing options...
The DA Posted November 2, 2019 Share Posted November 2, 2019 2 hours ago, Monkey Tennis said: Pretty immaterial. It doesn't need P&Bers to pass judgment on King. No, we'll let Brian Southwood in Jo'burg be the judge of that. 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted November 2, 2019 Share Posted November 2, 2019 1 hour ago, The DA said: No, we'll let Brian Southwood in Jo'burg be the judge of that. Indeed. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 3, 2019 Share Posted November 3, 2019 17 hours ago, Monkey Tennis said: Pretty immaterial. It doesn't need P&Bers to pass judgment on King. Were the PnBers right about King breaking his investment promises tho, they've went pretty quiet on that front... -2 Quote Link to comment Share on other sites More sharing options...
Muzz1886 Posted November 3, 2019 Share Posted November 3, 2019 On 01/11/2019 at 22:08, Busta Nut said: I know this thread is full of us jokers who would love to see the demise of the **** again but seriously, what are they playing at here? They've £7m quid on kent ad probably £5m on the other players they bought going on to next years books. Are they making massive money from these books until now? The figure is £11.5m, it's on the last page of the accounts. There has also been circa £10m in additional soft loans since Jun-19. The most worrying thing in the whole accounts is that funding is required from shareholders Nov-19. 0 Quote Link to comment Share on other sites More sharing options...
steelmen Posted November 3, 2019 Share Posted November 3, 2019 Were the PnBers right about King breaking his investment promises tho, they've went pretty quiet on that front...So you’ll have the figures that king has put in?Not the close bros(?) loan, not the 3 bears not club 1872 but King himself. How much of his kids inheritance has he put in? 0 Quote Link to comment Share on other sites More sharing options...
killiepiemuncher Posted November 4, 2019 Share Posted November 4, 2019 Tick tick tick tick......... 0 Quote Link to comment Share on other sites More sharing options...
Drew Brees Posted November 4, 2019 Share Posted November 4, 2019 So you’ll have the figures that king has put in?Not the close bros(?) loan, not the 3 bears not club 1872 but King himself. How much of his kids inheritance has he put in?Bodyswerved by the looks of it 0 Quote Link to comment Share on other sites More sharing options...
Crùbag Posted November 4, 2019 Share Posted November 4, 2019 (edited) Have finally read it. Jeezo... They must surely bite the hand of anyone who offers something for Morelos? Quote Dave King, the major benefactor of Rangers, is currently losing upwards of £10 million a year to watch Celtic win every trophy, and no matter how big a fan of the club he claims to be, that is completely unsustainable. Now, he must find another £10 million to keep the club solvent until the end of the season. https://www.forbes.com/sites/mikemeehallwood/2019/11/03/steven-gerrards-rangers-announce-11m-lossin-a-manner-designed-to-hide-them-from-the-media/amp/?__twitter_impression=true Edited November 4, 2019 by Crùbag 0 Quote Link to comment Share on other sites More sharing options...
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