weirdcal Posted April 26, 2015 Share Posted April 26, 2015 Surely they can reduce that burn rate as expensive contracts begin to expire Now now, we have been informed multiple times that its not the playing squad that takes up the turn over.... 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 26, 2015 Share Posted April 26, 2015 Is cal the new densboy? -1 Quote Link to comment Share on other sites More sharing options...
weirdcal Posted April 26, 2015 Share Posted April 26, 2015 Is cal the new densboy? Naw, I was just wondering how they are going to afford next season. A quick search of this topic brings up analysis of the accounts where there is more going out on staff wages than the player wages. 28% of turnover apparently. Around the time of mccoist and the 'i don't see contracts offered' and Kevin Kyle claiming he'd have played fore a lot less. Seemed a valid question at the time 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 26, 2015 Share Posted April 26, 2015 Valid maybe but not enough facts to answer it, too many unknowns. 0 Quote Link to comment Share on other sites More sharing options...
weirdcal Posted April 26, 2015 Share Posted April 26, 2015 Valid maybe but not enough facts to answer it, too many unknowns.*link to mad phil*But but but Phil said... 0 Quote Link to comment Share on other sites More sharing options...
killingfloorman Posted April 27, 2015 Share Posted April 27, 2015 (edited) Serious question: How does 4 (?) payday loans in a season not count as an Insolvency event? edit for speellllin Edited April 27, 2015 by killingfloorman 0 Quote Link to comment Share on other sites More sharing options...
weirdcal Posted April 27, 2015 Share Posted April 27, 2015 Serious question: How does 4 (?) payday loans in a season not count as an Insolvency event? edit for speellllin Don't forget share issue. Though I think more than 4 loans, 2 by three bears, easdale and other bloke before Xmas and then you have the Ashley loans 0 Quote Link to comment Share on other sites More sharing options...
shull Posted April 27, 2015 Share Posted April 27, 2015 The Secrets of Sports Direct Channel Four Tonight at 8. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted April 27, 2015 Share Posted April 27, 2015 Serious question: How does 4 (?) payday loans in a season not count as an Insolvency event? Because the loans prevented/delayed insolvency events. That's pretty much the point of them. 0 Quote Link to comment Share on other sites More sharing options...
Sting777 Posted April 27, 2015 Share Posted April 27, 2015 (edited) Jeez, even looks like Wealth Off The Radar is having doubts about Glib and Shameless!!!! http://www.dailyrecord.co.uk/sport/football/football-news/keith-jackson-biggest-storm-yet-5589631 Edited April 27, 2015 by Sting777 0 Quote Link to comment Share on other sites More sharing options...
killingfloorman Posted April 27, 2015 Share Posted April 27, 2015 Because the loans prevented/delayed insolvency events. That's pretty much the point of them. I get that, only when you have a large number of them in such a short space of time doesn't it point to an insolvent business? 0 Quote Link to comment Share on other sites More sharing options...
graeme_p Posted April 27, 2015 Share Posted April 27, 2015 There is a difference between trading insolvently and an insolvency event. Rangers are trading insolvently as they do not have sufficient working capital to meet immediate liabilities. Hence the need for short term loans to use as working capital. An insolvency event is when that working capital is not available and a creditor triggers the event by taking the company to court for non-payment. 0 Quote Link to comment Share on other sites More sharing options...
killingfloorman Posted April 27, 2015 Share Posted April 27, 2015 There is a difference between trading insolvently and an insolvency event. Rangers are trading insolvently as they do not have sufficient working capital to meet immediate liabilities. Hence the need for short term loans to use as working capital. An insolvency event is when that working capital is not available and a creditor triggers the event by taking the company to court for non-payment. Thanks. it still seems that the SFA/SPFL are crossing their fingers and hoping that it all works out beofre they have to actually do something 0 Quote Link to comment Share on other sites More sharing options...
lithgierose Posted April 27, 2015 Share Posted April 27, 2015 Thanks. it still seems that the SFA/SPFL are crossing their fingers and hoping that it all works out beofre they have to actually do something but,scottish football needs the rangers. 0 Quote Link to comment Share on other sites More sharing options...
shull Posted April 27, 2015 Share Posted April 27, 2015 Doink 0 Quote Link to comment Share on other sites More sharing options...
greyman Posted April 27, 2015 Share Posted April 27, 2015 but,scottish football needs the rangers. #JeSuisSevco 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted April 27, 2015 Share Posted April 27, 2015 Shull 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted April 27, 2015 Share Posted April 27, 2015 Thanks. it still seems that the SFA/SPFL are crossing their fingers and hoping that it all works out beofre they have to actually do something They probably are but at the moment there's no rule against standing on the precipice of administration so there's little they could do to interfere with the situation. And, if you put the identity of the club that happens to be in financial distress in this case, that's should seem about right. Punishing clubs for something they appear likely to do before they actually do it would be peculiar justice indeed. 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted April 27, 2015 Share Posted April 27, 2015 However, preventing it with a stern word or carefully thought-out regulations does not seem to be the SFA or SPFL's forte. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted April 27, 2015 Share Posted April 27, 2015 However, preventing it with a stern word or carefully thought-out regulations does not seem to be the SFA or SPFL's forte. The sporting sanctions for financial collapse are principally retributive as opposed to preventative measures. 0 Quote Link to comment Share on other sites More sharing options...
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