Captain_Sensible Posted March 4, 2013 Share Posted March 4, 2013 So sevcos balance sheet for season2012/13 will better than Celtics ? I'm no expert but I to reckon the company (RIFC) that owns the company that IS the club (The Rangers FC, formerly known as Sevco brand new company/club) DOES have a better balance sheet than Celtic. The company that owns the company that IS the brand new club has no debt and all the assets. Just a shame that those assets are only worth what the balance sheet says on paper and are really only worth what was paid for them and the company is running at a massive loss. 0 Quote Link to comment Share on other sites More sharing options...
Devlin Posted March 4, 2013 Share Posted March 4, 2013 I'd like to see how Rangers finances compare to the other teams in Scotland, not just celtc, considering most of the fans on here aren't celtc fans, AUFC90 would agree... It does feel great being a fan of the biggest club in the country. How does it feel watching on? I think i'd get bored of it if i wasn't a Rangers fan, you guys seem to have a tremendous amount of time on your hands to hate Rangers, i'm guessing your own teams are just as mind numbingly unimportant as per usual? 0 Quote Link to comment Share on other sites More sharing options...
Hearts Daft Posted March 4, 2013 Share Posted March 4, 2013 (edited) £7m loss in their first half year after bringing in £20m from the share issue. Aye they're certainly on track. Never mind though, Chuckles assures us that they have a positive bank balance of circa £30m Edited March 4, 2013 by Hearts Daft 0 Quote Link to comment Share on other sites More sharing options...
Celtic Rebel. Posted March 4, 2013 Share Posted March 4, 2013 I'd like to see how Rangers finances compare to the other teams in Scotland, not just celtc, considering most of the fans on here aren't celtc fans, AUFC90 would agree... It does feel great being a fan of the biggest club in the country. How does it feel watching on? I think i'd get bored of it if i wasn't a Rangers fan, you guys seem to have a tremendous amount of time on your hands to hate Rangers, i'm guessing your own teams are just as mind numbingly unimportant as per usual? Oh aye,we are just peyoooor seething so we ur. Away n bile yer heid ya bampot. 0 Quote Link to comment Share on other sites More sharing options...
Bookies Love Me Posted March 4, 2013 Share Posted March 4, 2013 I'd like to see how Rangers finances compare to the other teams in Scotland, not just celtc, considering most of the fans on here aren't celtc fans, AUFC90 would agree... It does feel great being a fan of the biggest club in the country. How does it feel watching on? I think i'd get bored of it if i wasn't a Rangers fan, you guys seem to have a tremendous amount of time on your hands to hate Rangers, i'm guessing your own teams are just as mind numbingly unimportant as per usual? Small knob syndrome 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted March 4, 2013 Share Posted March 4, 2013 Ah my old friend WRK. Obviously my financial creative accounting question was beyond your expert knowledge so you resort to your usual bile. As for wierdcal's quotation, the accounts show that valuation of Murray Park and Ibrox to be £6.5million a £5m upward revaluation from the £1.5m that was paid for those assets. The figure of £1.5m that was paid for those assets was arrived at independently by DM Hall on a "value on alternative use basis" in other words what Tesco or a house builder would have paid for the land. No friend of yours, as I'm sure you've realised. Carry on. 0 Quote Link to comment Share on other sites More sharing options...
Celtic Rebel. Posted March 4, 2013 Share Posted March 4, 2013 Omg,we have a zombie crook making the Scottish Cup draw. I dont believe those b*****ds on the SFA can let him do the draw,he should be banned from football. 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted March 4, 2013 Share Posted March 4, 2013 I'd like to see how Rangers finances compare to the other teams in Scotland, not just celtc, considering most of the fans on here aren't celtc fans, AUFC90 would agree... It does feel great being a fan of the biggest club in the country. How does it feel watching on? I think i'd get bored of it if i wasn't a Rangers fan, you guys seem to have a tremendous amount of time on your hands to hate Rangers, i'm guessing your own teams are just as mind numbingly unimportant as per usual? Firstly your died. Secondly, your new club have posted a loss. Mines didn't 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted March 4, 2013 Share Posted March 4, 2013 Are these figures before, or after tax? Or is that irrelevant<br /> In SEVCO world? Rangers / The Rangers pay tax??? this is just crazy talk 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted March 4, 2013 Share Posted March 4, 2013 Small knob syndrome The delusion is strong with him. His cock is probably 200 inches 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted March 4, 2013 Share Posted March 4, 2013 I think Devlin is very much alive, he does not have a new club and his club never posted anything of the sort. Oh well, everything's rosy then. 0 Quote Link to comment Share on other sites More sharing options...
As We Rise Again Posted March 4, 2013 Share Posted March 4, 2013 Aside from the accountancy sleight of hand stuff explaining one-off items, football debts, cost of IPO, ground being worth 5x more again etc. £7m loss is in addition to all those costs. £22 million raised in flotation ? 20 games @ £10 x 46,000 is aver £9 million pounds That's £31 million pounds in and he posts a £7 million loss. If anyone read the prospectus they would realise that we were always going to run at a loss this year as it said. 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted March 4, 2013 Share Posted March 4, 2013 If anyone read the prospectus they would realise that we were always going to run at a loss this year as it said. when will you change your name to As We Go Bankrupt Again? (needs a winking smiley) 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted March 4, 2013 Share Posted March 4, 2013 (edited) So..... will all the orcs care about paying 400 for a ST next season against slightly better opposition ? Edited March 4, 2013 by AUFC90 0 Quote Link to comment Share on other sites More sharing options...
As We Rise Again Posted March 4, 2013 Share Posted March 4, 2013 when will you change your name to As We Go Bankrupt Again? (needs a winking smiley) Why would we? Next season we'll be financially stable. 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted March 4, 2013 Share Posted March 4, 2013 Why would we? Next season we'll be financially stable. How do u know this ? 0 Quote Link to comment Share on other sites More sharing options...
As We Rise Again Posted March 4, 2013 Share Posted March 4, 2013 Interesting stat - net assets at 31 December 2012:Rangers £66mCeltic £48m We're all good. 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted March 4, 2013 Share Posted March 4, 2013 Why would we? Next season we'll be financially stable. more crazy talk 0 Quote Link to comment Share on other sites More sharing options...
As We Rise Again Posted March 4, 2013 Share Posted March 4, 2013 more crazy talk Did you see our pre-tax profits of 9.5 million also? Not to mention we've just done a new kit deal and kit sponsor add the season tickets for next season and we'll be more than healthy. 0 Quote Link to comment Share on other sites More sharing options...
Bookies Love Me Posted March 4, 2013 Share Posted March 4, 2013 Why would we? Next season we'll be financially stable. 0 Quote Link to comment Share on other sites More sharing options...
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