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Big Rangers Administration/Liquidation Thread - All chat here!


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Pedro,

Appointed 7 months ago on a 3 year contract and they paid compensation to the Qatari club he came from,

Looks like compensation to get him and then get rid of him within a year and then there are his signings to deal with on big wages and contracts.

 

Good job Dave King has deep pockets to deal with this.............................................................Oh wait

:thumsup2:lol::thumsup2:lol:

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EMPHASIS OF MATTER – GOING CONCERN

We draw attention to note 1 to the financial statements concerning the Group’s ability to continue as a going concern. 
In order to continue operations for the next 12 months the Group is dependent upon raising additional finance to 
cover the projected cash shortfall of £4m in season 2017/18 and a further £3.2m in season 2018/19. Failure to secure 
additional funding would result in the existence of a material uncertainty which may cast significant doubt as to the 
Group’s ability to continue as a going concern. The financial statements do not include the adjustments that would 
result if the Group was unable to continue as a going concern. Our opinion is not modified in respect of this matter.

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Dig deep, my lead-swinging friends

Quote

At the time of preparation, the forecasts identified that the Group would require a minimum of £4.0m additional funding by the end of season 2017/18 in order to meet its liabilities as they fall due. The first tranche of funding is required in November 2017.

 

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So major lender is new oasis but king has no control though guarantees from them that money to loan is available.
Yet he pleads poverty... aye wouldnt trust him to tell me the day of the week

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