Devlin Posted March 5, 2013 Share Posted March 5, 2013 OK. So you disagree with that part of his post. Why don't you instead of posting a one line piece of piss "look at me" answer address the rest of his perfectly reasonable question. If you haven't got a clue then please say so and we will wait for one of the rest of the rangers minded people on here to have a stab at it. Because i'm not a nice person and that line was nonsense, the majority of this thread is Rangers haters furiously wanking over made up pish, i know that posters post was fine and it was petty for me to pull up one wee bit but if drivel gets repeated often enough people believe it as fact. If the first part of a post is drivel consistent with the rest of this thread then i can't be bothered to dissect the rest of the post. Me replying doesn't stop someone else replying with a more thought out answer ffs. 0 Quote Link to comment Share on other sites More sharing options...
Sammysbeard Posted March 5, 2013 Share Posted March 5, 2013 Thought i'd add a post here that maybe Rangers fans can help me out with. As reported a 7 million loss is pretty bad. What I concerned about is how season ticket money has come in. As we know, this is plonked on the start of the year and then has to sustain its-self until the next round. As there was a "world record" sum on season tickets purchased this year, there won't be as many people paying at the gate. Gate money will be small as the majority of people going have already paid the company the privilege to see the game. Some clubs do a deal where you pay for your season ticket perhaps quarterly or something, so Rangers might get some money based on this, but I doubt in. Does anyone know if Rangers offer this type of deal? In order to break even this year, Rangers will need a cash injection. I see this through the new sponsorship deals (which I reckon will be over 7 million if you include the stadium) and selling players off. However, no clubs will come in for any of the third division players, so this looks unlikely. Green sounds like he didn't expect the overheads to be this much. Hence why the share issue, the stadium renaming and the need to cut the wage bill. I'm not financial expert, but I see how our companies finances work. It is essential to get as much money in as early as possible at the start of the financial year - hence the big season ticket drive at the start of the season - but now he is struggling to make ends meet. The reason for this is obvious, it's Sally's inability to proceed in the cups. Had they won the Ramsden cup, they would have sold out Hampden as well as winning money. Had they not gone out earlier in both competitions, there would have been more gate money. Again, I don't know much, but I'm just throwing my piece in, if anyone wishes to comment back. Mate the only reason they got so close to celtic since the turn of the century was dodgy tax schemes and overspending/borrowing, they dont have the global fanbase they claim and will soon realise theyre no bigger than aberdeen etc 0 Quote Link to comment Share on other sites More sharing options...
Mad Capsule Posted March 5, 2013 Share Posted March 5, 2013 (edited) Mate the only reason they got so close to celtic since the turn of the century was dodgy tax schemes and overspending/borrowing, they dont have the global fanbase they claim and will soon realise theyre no bigger than aberdeen etc I'm not talking about them in comparison to Celtic. I'm talking about the revenues of a company. I didn't even mention Celtic in my post. I have no idea why you bought them up. I'm trying talk about turnover of a company, not the football playing which goes on, and which team is better than the others. Edited March 5, 2013 by Mad Capsule 0 Quote Link to comment Share on other sites More sharing options...
captain kirk Posted March 5, 2013 Share Posted March 5, 2013 I don't think so. A loss that massive compared to turnover is bad. If Rangers had done 100 million quid worth of business, that's still a loss of 7%. I reckon next season they will either make a small profit or at the least break even. You are all wrong mate rangers posted wonderful figures yesterday thats why their share price has been falling since dont ya know? 0 Quote Link to comment Share on other sites More sharing options...
Devlin Posted March 5, 2013 Share Posted March 5, 2013 Not a rant at all. Putting in more than one sentence in a reply doesn't constitute a rant, but a well put together and thought out argument and opinion. At least we can all agree with your points in here. Maybe have a go at answer my earlier ones? You seem like a good poster. I would but i'm too busy to engage in a proper debate, back to work in 5 minutes lol. I'm not going to spend my day arguing finances, especially when the majority of people on here don't have a clue about football finances. I'm just fed up of seeing that line repeated over and over, it's only in Scotland that this is being portrayed as negative, in England there was reference to how well Rangers had done financially something about near 9M before tax, now i'm not even trying to argue this i'm just saying that Rangers aren't poor financially at the minute it's just a lot of negative publicity and wishful thinking. Sorry i can't have a proper debate with you at the time being but at least i'm being honest and saying this subject bores the life out of me and when i have limited opportunities to check the net at work i can't be bothered to argue finance. I only really pop up when i see something that irks me, happy to talk about football though. 0 Quote Link to comment Share on other sites More sharing options...
Sammysbeard Posted March 5, 2013 Share Posted March 5, 2013 I'm not talking about them in comparison to Celtic. I'm talking about the revenues of a company. Well then, they were previously run by a guy riding on the wave of the economic boom, during the economic boom allowed to hemorrhage money by borrowing, none of this exists anymore so I'd say 7m is pretty bad in our world today. They will be a shadow of oldco unless they find another minty. The excuse is theyve kept the structure of an spl club, looking at this structure I'd say they'd get humped by alot of the spl, I cant wait 0 Quote Link to comment Share on other sites More sharing options...
Devlin Posted March 5, 2013 Share Posted March 5, 2013 You are all wrong mate rangers posted wonderful figures yesterday thats why their share price has been falling since dont ya know? You monitor our share price? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 5, 2013 Share Posted March 5, 2013 You monitor our share price? :lol: 0 Quote Link to comment Share on other sites More sharing options...
Mr Man Posted March 5, 2013 Share Posted March 5, 2013 £8miliion Tedi, you sure? It's just that simple, spend £10 million? No thought to scouting networks, infrastructure, etc? 0 Quote Link to comment Share on other sites More sharing options...
Mad Capsule Posted March 5, 2013 Share Posted March 5, 2013 1.You seem like a good poster. I would but i'm too busy to engage in a proper debate, back to work in 5 minutes lol. I'm not going to spend my day arguing finances, 2. especially when the majority of people on here don't have a clue about football finances. I'm just fed up of seeing that line repeated over and over, it's only in Scotland that this is being portrayed as negative, in England there was reference to how well Rangers had done financially something about near 9M before tax, now i'm not even trying to argue this i'm just saying that 3. Rangers aren't poor financially at the minute it's just a lot of negative publicity and wishful thinking. Sorry i can't have a proper debate with you at the time being but at least i'm being honest and saying this subject bores the life out of me and when i have limited opportunities to check the net at work i can't be bothered to argue finance. 4. I only really pop up when i see something that irks me, happy to talk about football though. 1. Cheers mate, I do try! 2. I agree, no-one seems to know the ins and outs exactly. But leading onto your point about a 7 million lose not being massive and only being reported in Scotland. The reason for this is that this loss is massive compared to other Scottish clubs. Yes, the majority of might be diddies, but 7 million is loads when you consider the peanuts for TV money that all Scottish clubs get in comparison to the rest of Europe - England being a good example. 3. I have to agree with this, but it looks like a slippery slope. We'll see at year end. 4. You are standing up for your club and fighting for them. You are obviously very passionate about Rangers and I respect that. Hope you enjoy work mate and I look forward to carrying on this discussion with you later. 0 Quote Link to comment Share on other sites More sharing options...
Mr Man Posted March 5, 2013 Share Posted March 5, 2013 (edited) Of course we need these other things in place, I am not saying it will be done but the Celtic example shows what can be done with not a lot of money. The £8M figure comes from one of your own, I assume he is correct. Pretty sure that's what Neil has spent, that doesn't include players we already had. Brown for example. The funny thing is I heard some sevco fan on SSB last night come out with the same thing, Celtic team is £8million, Ally will get his £10million warchest, easy peasy, etc Edited March 5, 2013 by Mr Man 0 Quote Link to comment Share on other sites More sharing options...
Mad Capsule Posted March 5, 2013 Share Posted March 5, 2013 (edited) These are interim accounts they do no include all the details you need to give an accurate picture. We have a deferred income of £8.1M, what is this? sponsorship money? tv money, prize money? match day income? ST money not yet released? I believe that these acccounts are slightly better than expected, I also believe that all things staying the same then we could turn a small profit next year, however we will not, we will spend some money improving the playing squad, these will go down as exceptional items, we will upgrade parts of the stadium and these are things out current income does not cover so we will make a loss this year and next year, totally expected and totally manageable as we have £20M sitting in the bank. We have 2 years to build a squad capable of competing in the top division, this will cost money I reckon around £10M, Celtic`s current squad cost around £8M. Thanks for the reply Tedi. I don't know the ins and outs of football finance, but I'll give this another shot. When season ticket money will come in, it will be used as cash in the bank. What I expect deferred income to be is money that will be accrued throughout the rest of the football season from people who pay at the gate and not season ticket money of people who have paid for this season in full already.. My experience on this is based on my own work experience. I currently work for a company who competes from projects. Deferred income is money that is almost all but guaranteed to come in, but they don't have access to. So, this will be gate money and the people who are paying for season tickets in payments, along with TV money. This DOES NOT include sponsorship money, as this is not guaranteed, even thought we all know Rangers will get a shirt and kit sponsor. Sorry if my post is a bit rambling, does this make sense? Edited March 5, 2013 by Mad Capsule 0 Quote Link to comment Share on other sites More sharing options...
Mad Capsule Posted March 5, 2013 Share Posted March 5, 2013 Without the proper breakdowns all we can do is guess, i guess I do wish we would reveal how much we are getting for naming rights, shirt deal and kits, Charlie seems shy on these things and it is concerning. The reason for being shy is from a business perspective. If he was to come out and say "We want 8 million to rename Ibrox", he would get bids of nowhere near that. By keeping everyone guessing, and his cards to his chest, he's doing a very good job of getting everyone guess. He could be looking for 15 million or 15,000. However, I am pretty sure I am correct about how the cash is accrued for the business as per my previous post. The reason the loss at 7 months is such a shocking figure is that all football clubs main selling product is at the start of the season. As TV money in Scotland is tiny, the biggest product to sell is the season ticket money. For this reason, each club in Scotland will end their first month with a massive profit, and this will slowly side down and down as the months go on. The challenge is to try and not let the money slip into the red before the end of the season. Players can be sold off to help, but season ticket money was massively important to Rangers this season, hence the massive appeal to get everyone on board. 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted March 5, 2013 Share Posted March 5, 2013 The best bit about that protest was that the majority of the P&Bers claimed they were going to attend it and show us what for A bit like their pledges to support their teams this season i guess That's gotta be in your top five lies on here, Bennett - and f**k me but there's some competition.... 0 Quote Link to comment Share on other sites More sharing options...
Joey Jo Jo Junior Shabadoo Posted March 5, 2013 Share Posted March 5, 2013 When season ticket money will come in, it will be used as cash in the bank. What I expect deferred income to be is money that will be accrued throughout the rest of the football season from people who pay at the gate and not season ticket money of people who have paid for this season in full already.. Accounting rules mean that revenues and expenses have to be matched in the periods they occur, regardless of when the cash changes hand. The deferred income will be the percentage of the total season tickets sales that relates to matches that haven't taken place in the reporting period (money received that hasn't actually paid for goods or services yet). You are not allowed to account for possible future ticket sales (future gate receipts). Hope that helps. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 5, 2013 Share Posted March 5, 2013 That's gotta be in your top five lies on here, Bennett - and f**k me but there's some competition.... Utter nonsense Norman, tens of thousands of fans from every club in Scotland were expected to turn up at the no to newco demo. In the end, around roughly a dozen turned up to be laughed at 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted March 5, 2013 Share Posted March 5, 2013 (edited) Utter nonsense Norman, tens of thousands of fans from every club in Scotland were expected to turn up at the no to newco demo. In the end, around roughly a dozen turned up to be laughed at Expected by who, exactly? And as you state "the majority of P&Bers", hows about you name a few or, I dunno, quote their posts. Edited March 5, 2013 by WhiteRoseKillie 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 5, 2013 Share Posted March 5, 2013 ] The organisers of the demo. I might search for some of the pre demo posts later, some of them were quite amusing. If you look at the pic you'll see Andy Muirhead and Joe O'rourke in it. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 5, 2013 Share Posted March 5, 2013 Seriously is it time for the BRALT to be retired to the gold forum BDO have still to conclude but this will take years. HMRC appeal, again 12-18 months minimum. Craig Whyte and Murray legal cases again years away. The Nimmo verdict was the last major thing on the immediate horizon and the SPL have confirmed that they accept the verdict. This thread will now just degenerate into a place to discuss more petty things like crowds, signings etc. I know that checking this thread has become part of our daily lives but is is now time to call time? It's no longer their thread now, we've taken over it. I reckon it should stay as a reminder of how stupid the P&Bers were in believing all the shite that RTC, Phil Macghgjdhdhfyhfhs and the lawyer who must be supervised at all times came up with. 0 Quote Link to comment Share on other sites More sharing options...
Mad Capsule Posted March 5, 2013 Share Posted March 5, 2013 Can we also just create a bennett vs WhiteRoseKillie form whilst we're at it? Cheers. 0 Quote Link to comment Share on other sites More sharing options...
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