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Big Rangers Administration/Liquidation Thread - All chat here!


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The spivs will try to use the upcoming share issue as collateral to say they are solvent even though there isn't any money in the bank from it yet, and will they have a mate from the ludge on the bench to help them ?

Possibly the drip feed release of the st cash will avoid the trading whilst insolvent.

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Possibly the drip feed release of the st cash will avoid the trading whilst insolvent.

There is no drip feed release of ST cash. This is purely a financial transaction for the correct accounting of monies received. Where do you think this cash is being drip-fed from? There is absolutely no sense or precedent for a pot of money from ST sales to be firewalled from the business.

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If loan players could play against the loaning club it could produce really awkward situations with the conflict of interest.

If a player had had a shocker of a performance against the team that pays his wages then people are going to jump to conclusions.

I have seen it done abroad, a player loaned from Bayern to one of the smaller teams (can't remember which one now) played against them in a Bundesliga match. Remember the commentators talking about it but I think it's fairly standard over there.

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Everyone is taking ally's comments too far, the guy doesn't look a contracts he just signs whatever's put in front of him, so he won't have a clue what's in the contract of loanees.

Excellent.

Now that you have enlightened us as to the state of Salary's mind, I can sleep easy tonight. :huh:

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I have seen it done abroad, a player loaned from Bayern to one of the smaller teams (can't remember which one now) played against them in a Bundesliga match. Remember the commentators talking about it but I think it's fairly standard over there.

Recall Arsene Wenger kicking off about this when his team had to play against Everton with Lukaku, when Lukaku wasn't allowed to play against Chelsea due to the fact they were his primary club. Claimed it made it an unfair advantage for Chelsea.

On the other side of the coin, I remember an incident last season in the Champions League when Chelsea tried to enact a £4.5M clause if the keeper who they'd loaned to Real Sociadad played against them. UEFA said he could play and that the clause was null and void in the interests of fair play.

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Highlights

1. Principal risks and uncertainties relating to the Group and its business
The Group has specific business operations and sources of funds
The Group’s principal sources of funds are:
(a) amounts received from season ticket sales, gate receipts and corporate hospitality;
(b) amounts received from the exploitation of media rights;
© amounts received under kit, shirt and other sponsorship arrangements;
(d) income from retail and other commercial operations;
(e) fees received in connection with the transfer of players’ registrations to other clubs; and
(f) prize money won in competitions in which it plays.
The sources and levels of income are dependent on the success of the Club and the league of which is it a
member each season. The Directors consider that the effects of this risk have been mitigated given that the
Club now participates in the Scottish Championship and has secured season ticket sales and multi-year
sponsorship agreements. The Directors also believe that if the Club is successful in gaining promotion into
the top division of Scottish football, that additional opportunities would be available for the Club to increase
its sources and levels of income.
The Group is financially dependent on the Club’s supporters, who are concentrated in Scotland
A significant amount of the Group’s income will be derived from season ticket sales and match day ticket
sales to supporters of the Club and others who attend football matches at Ibrox Stadium and elsewhere and
the Group’s share of gate receipts from cup matches.
In particular, the income generated from Ibrox Stadium will be highly dependent on the continued attendance
at matches of the Club’s individual and corporate supporters.
The level of attendance may be influenced by a number of factors, some of which are wholly or partly
outside of the control of the Club. These factors include the success of the Club, admission prices and general
39
Possible volatility of the price of the Ordinary Shares
The market price of the Ordinary Shares could be subject to significant fluctuations due to a change in
sentiment in the market regarding the Ordinary Shares (or securities similar to them) or in response to
various factors and events, including: any regulatory changes affecting the Company’s operations, variations
in the Company’s operating results and business developments of the Company’ or its competitors.
Stock markets can experience significant price and volume fluctuations which have affected the market
prices for securities that may be unrelated to the Company’s operating performance or prospects.
Furthermore the Company’s operating results and prospects could be below the expectations of market
analysts and investors. Any of these events could result in a decline in the market price of the Ordinary
Shares and as such investors may not be able to sell their Ordinary Shares at or above the price they paid for
them.
The trading prices of the Ordinary Shares may go down as well as up and Shareholders may therefore not
recover a proportion or all of their original investment.
Substantial sales of Ordinary Shares could cause the price of Ordinary Shares to decline
There can be no assurance that certain Shareholders will not elect to sell their Ordinary Shares. The market
price of Ordinary Shares could decline as a result of any sales of such Ordinary Shares or as a result of the
perception that these sales may occur. If these or any other sales were to occur, the Company may in the
future have difficulty in offering or selling Ordinary Shares at a time or at a price it deems appropriate.
Possible future share offerings
The Company may offer additional shares in the future, which may adversely affect the market price of the
outstanding Ordinary Shares as an additional offering of shares by the Company or the public perception that
an offering may occur, could have an adverse effect on the market price of the Ordinary Shares.
Investment in public quoted securities
Investment in securities traded on AIM is perceived to involve a higher degree of risk and be less liquid than
investment in companies whose securities are listed on the “Official List” in the UK and traded on the
London Stock Exchange’s main market for listed securities. An investment in Ordinary Shares traded on
AIM may be difficult to realise. AIM has been in existence since 1995 and is a market designed for small
and growing companies but its future success and liquidity as a market for Ordinary Shares cannot be
guaranteed.
Prospective investors should be aware that the value of the Ordinary Shares may go down as well as up and
that the market price of the Ordinary Shares may not reflect the underlying value of the Company. Investors
may therefore realise less than, or lose all of, their investment.
Potentially volatile share price and liquidity
The share price of companies quoted on AIM can be highly volatile and shareholdings illiquid. The price at
which the Ordinary Shares are quoted and the price at which investors may realise their investment in the
Company may be influenced by a significant number of factors, some specific to the Company and its
operations and some which affect quoted companies generally. These factors could include the performance
of the Company, large purchases or sales of Ordinary Shares, legislative changes and general economic,
political or regulatory conditions.
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Dave King has been absolutely quiet for a while !, has he given up trying to wrestle a debt ridden club from the spivs ?, or does he have a cunning plan on the boil on par with a Baldrick one ?

Busy altering filling in tax return forms in South Africa

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I love the quote:

The Group is financially dependent on the Clubs supporters, who are concentrated in Scotland

Admission, right there. If ever it were required. The Rangers are a diddy team.

ETA: Also, how can a team with a global fanbase of 500 million(?) be concentrated in Scotland?

Edited by dave.j
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