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Big Rangers Administration/Liquidation Thread - All chat here!


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Why don't Sevco just go the full hog tomorrow at the EGM and vote on whether or not they will pay Tax, players wages and any other bills for that matter?

Seen as you're such a special club that feels you have the right to pick and choose which bills get paid.

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Why don't Sevco just go the full hog tomorrow at the EGM and vote on whether or not they will pay Tax, players wages and any other bills for that matter?

Seen as you're such a special club that feels you have the right to pick and choose which bills get paid.

Monkey will obviously complain about the quoted post....

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Really?

As far i can see he wants shareholders to back him at an egm, yet kicked sand in the faces of those same shareholders faces and has shown those same shareholders that he something to hide in regards to his contracts.

Maybe im not a big business guru like you are, so perhaps you could explain it all....

:lol: :lol: :lol:

Hope that helps.

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After the good guys won I remember you claiming Ashley would be the better option. If that was the case why is he desperately trying to keep his contracts out of the public domain

That's easy. He deals with more clubs than Rangers, He wants to make sure he gets as good a deal as he can for himself. He doesn't want other clubs to know how much Rangers are making out of him as they might want the same.

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"We call on the hundreds of thousands of Rangers fans who have already stopped purchasing official merchandise to continue to abstain from an arrangement which benefits only Mr Ashley."

:lol: :lol::lol:

If only Dave didnt get morons like TEDI to boycott STs the old board wouldn't have been forced into MAs killer deal....well done to all the boycotters...also just think any Rangers fan seen wearing next seasons top will be a scab....lovely stuff.

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Tedi, was the agreement signed in January you were referring to this?

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12227853.html

If so that has nothing to with the original Rangers retail agreement that you claim was signed by "Fat Mike's employees", and it only refers to the extra 26% that was given to SD for the duration of the SD loan.

Yet to see any evidence of coercion or wrong doing relating to the original retail agreement.

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"We call on the hundreds of thousands of Rangers fans who have already stopped purchasing official merchandise to continue to abstain from an arrangement which benefits only Mr Ashley."

:lol: :lol::lol:

If only Dave didnt get morons like TEDI to boycott STs the old board wouldn't have been forced into MAs killer deal....well done to all the boycotters...also just think any Rangers fan seen wearing next seasons top will be a scab....lovely stuff.

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its not, I quoted figures from the accounts and the QC copied a blog.

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12299859.html

The key operating assumptions for the value-in-use calculations are as set out in the Group's disclosures on going concern. In addition the value in use calculations are sensitive to the following additional assumptions:

· discount rate of 14%

· long term growth rate of 2%

· obtaining promotion at the conclusion of season 2014/15 to the Scottish Premiership

· predictions of expected football results beyond season 2014/15 i.e. league placings; cup progressions; match day attendances; and future European participation from 2016/17 onwards, based on previous experience of the Club.

Management estimates discount rates using pre-tax rates that reflect the current market assessments of the time value of money and the risks specific to the Group's one cash-generating unit (CGU). The discount rate reflects management's view of the current risk profile of the underlying assets being valued with regard to the current economic environment and the risks that the football game as a whole are facing.

The impairment review supported the carrying value of RIFC's non-current assets of £64.9m, showing a value in use of £69.8m.

The Group has also conducted sensitivity analysis on the impairment test of the CGU's carrying value. The following reasonably possible individual changes in key assumptions would cause the CGU's recoverable amount to be equal to its carrying amount

· increase in discount rate from 14% to 14.7%

· reduction in long term growth rate from 2% to 0.8%

· reduction in season 2015/16 operating cash flows of 86%

· reduction in average annual cash flows in seasons 2016/17 to 2018/19 9%

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Really?

As far i can see he wants shareholders to back him at an egm, yet kicked sand in the faces of those same shareholders faces and has shown those same shareholders that he something to hide in regards to his contracts.

Maybe im not a big business guru like you are, so perhaps you could explain it all....

Except it isn't Ashley that wants the confidentiality honoured it is Sports Direct, also those terms should be able to be discussed at the EGM with shareholders present, but as today's precedent shows if those details become public it will be Rangers that is paying the bills for SD to take them to court about it :1eye

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its not, I quoted figures from the accounts and the QC copied a blog.

OK chump change, then discredit what I posted then. Dispute and back up where you think I have supposedly got it wrong and you are right ??? :lol:

£6.8 million you claim to be in debt at the end of June ???, you are seriously fucking stupid if you think that.

Copied from a blog ???, it's as clear as day you thick orc and all the figures are in the public domain.

From the interim accounts are,

Wee share issue & Commonwealth games money totalling £4.3 million the club won't receive this season that it used to try and plug the operating losses.

The £2.8 million in debt you posted but there is also an unpaid loan in the accounts totalling to £1.5 million.

From what we actually you fucknugget the club has borrowed and is well documented in the media and in the public domain are,

Ashley's £5 million loan or will you do a Mad King's approach and say it isn't actually debt ???

T3B's two £1.5 million soft loans from March & April this year.

King's apparent £1.5 million to cover May's bills.

So not including the wee share issue and Commonwealth money the total amount of debt your club has run up not including the soft loan to cover June's wages and bills is ?

£13.8 million without this June's bills being included.

If there is anything you have a query or problem with in my accounting abilities then feel free to make a complete arse out of yourself by trying to be a smart arse by discrediting what I have posted or just shut the fcuk up and admit you got it completely wrong again because you are as thick as fcuk and need much smarter people to help you see what did or where you got it wrong.

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