bennett Posted March 4, 2013 Share Posted March 4, 2013 How would you know? As well as being an expert in the law, accountancy, finance and sports rules and regs, he is also a major player in sports fashion retailing. 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted March 4, 2013 Share Posted March 4, 2013 If there is one thing you have in spades, it is negative goodwill Probably A World Record! 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted March 4, 2013 Share Posted March 4, 2013 It is just share introduced capital, it has f**k all to do with P & L It's just share induced capital you have no idea or where in the accounts it is Tedi do you ? and your just flapping your bottom lip onto your keyboard again. 1, The share issue we know raised £22 million of which we knew it'd cost over £1 million to float the share issue on the stock exchange bringing it down to what we now know to be £20.5 million. 2, This cash was raised by the holding company and not the club and would not appear on the clubs accounts as capital raised by an IPO. 3, The club then receives the £20.5 million raised from the share issue and puts it into it's accounts and that is why it is then called "negative goodwill" because the holding company expects nowt from the club in exchange. So basic logic Tedi tells you that the accounts publicised have indeed included the share money raised by the holding company but is described as negative goodwill on behalf of the holding company which owns the club which now appears in the clubs accounts. 0 Quote Link to comment Share on other sites More sharing options...
Devlin Posted March 4, 2013 Share Posted March 4, 2013 I think you'll probably find that your club has the highest operating costs losses than all the other 41 clubs put together at over £7 million I work with money and people's finances for a living. Let's not misrepresent now... 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted March 4, 2013 Share Posted March 4, 2013 (edited) 1. The share issue raised £22.5M by Rangers International Football Club plc, the costs of the share issue will be shown in the accounts as an exception item (1 off cost) 2. The cash was raised by Rangers International Football Club plc, todays Interim accounts were for Rangers International Football Club plc. 3. The £22.5M raised in the IPO was injected as capital into Rangers International Football Club plc. Thats all. Tedi there are two companies involved here.One is the club "The Rangers Football Club Ltd" and the other is "The Rangers international Football Club PLC" both companies have two completely different sets of accounts to produce. As for your £22.5 million raised have you forgot to subtract the costs to float the holding company on the stock exchange ? .This would then be subject to further costs down the line and gives us the grand total of £20.5 million.This is simple arithmetic. So if the club itself never had a share issue then the money coming from the holding company is the negative goodwill you speak of because the holding company expects little or nothing in return for funding the club.But this money will appear in the clubs accounts as CREDIT by goodwill.The holding company will show feck all in it's accounts as the club received all it's funds. Also last note if the share issue money added to the clubs finances and the club shows a profit of £9.5 million overall whilst the club itself ran up debts then it would appear that next year you may show more of a loss on that £9.5 million propping up the clubs accounts as profit. OOPS edit for typo. Edited March 4, 2013 by hellbhoy 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted March 4, 2013 Share Posted March 4, 2013 I work with money and people's finances for a living. Let's not misrepresent now... I still wouldn't trust you with my kids pocket money. 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted March 4, 2013 Share Posted March 4, 2013 What was the total of Rangers footballing debts this year they had to pay off ? Anyone ? 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted March 4, 2013 Share Posted March 4, 2013 From BBC Sport Live feed Rangers finance director Brian Stockbridge told Radio Clyde: "Nobody expects the club to be making a big profit in the first year." http://www.bbc.co.uk/sport/0/21651969 A big profit ? Try no profit pal 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted March 4, 2013 Share Posted March 4, 2013 1. You are talking out of your arse, todays interim accounts were for Rangers International Football Club plc, all accounts from this point forward will be for Rangers International Football Club plc unless we change the name. 2. I do not have to subtract anything, the costs for the IPO will be listed as exceptional items (1 off costs) 3. The company that runs the club had a share issue and raised 22.5M this was injected as capital. 4. You are talking out of your arse. You've lost the plot Tedi ! FFS you don't even know it was the clubs accounts that were published and not the holding companies.You're all over the place here. 0 Quote Link to comment Share on other sites More sharing options...
Fife Saint Posted March 4, 2013 Share Posted March 4, 2013 Out of interest, which company has the association membership? 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted March 4, 2013 Share Posted March 4, 2013 Joining this late and can't be arsed catching up on it all - just like old times. Am I right in assuming that it's been announced that Rangers have lost £7m? 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted March 4, 2013 Share Posted March 4, 2013 No you have lost the plot and you never check your facts which makes exposing your pish extremely easy. http://m.londonstockexchange.com/exchange/mobile/news/detail.html?announcementId=11506139 Rangers International Football Club plc ("Rangers" or the "Company") Interim Results Rangers International Football Club plc (AIM:RFC), the holding company for the Scottish football club 'Rangers', is pleased to announce interim results for the seven-month period from incorporation to 31 December 2012. As expected Tedi ! the holding company ? has produced accounts on behalf of the club as the holding companies accounts only because it owns the club.Remember the holding company itself has no fucking money to release in it's accounts has it ? .So all the holding company has released is what the club itself has released as it's accounts hasn't it ? .This is where the club ran up debts comes from and not that the holding company ran up debts although the holding company will be lumped with the debts. Although funding the club we can now say for certain that all the clubs debts will now be passed onto the holding company and once again the fans will be ripped off if the club gets into financial soapy.I smell another share issue at some point to fund the holding companies debts from the club to which Chucky can claim the club itself is debt free whilst the holding company will be in debt .If the holding company fails and gets liquidated then the club can be sold on to a single owner willing to pay a cut down price for the club and the fans shares are worth feck all. You should be searching for the clubs actual accounts Tedi and not what the holding company has released on behalf of the club.There may be some nasty surprises in them accounts Tedi ! 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted March 4, 2013 Share Posted March 4, 2013 Out of interest, which company has the association membership? The club has the membership but the holding company owns the club.If the holding company sold the club then the membership goes with the club. 0 Quote Link to comment Share on other sites More sharing options...
Fife Saint Posted March 4, 2013 Share Posted March 4, 2013 Which company owns the association membership? The ltd or the plc? 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted March 4, 2013 Share Posted March 4, 2013 Which company owns the association membership? The ltd or the plc? The limited company. It's just the same scenario as Murray and MIH owning Rangers PLC,he sold it onto Whyte and the membership went with the club.The holding company here is the owner of the club but is not actually the club. 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted March 4, 2013 Share Posted March 4, 2013 and just because I am now enjoying playing with you and you seem intent on digging this hole all the way to Australia and back I will show you this which explain the Negative Goodwill so easy if you had just followed my advice a few hours ago and checked the prospectus, which was released before the share event had even taken place. WTF ? Tedi this is the acquisition of the clubs assets & trademarks only and if you look at the bottom then you find out how much chucky paid for the clubs assets in total. The negative goodwill there is the amount slashed off the fair value of what the assets were actually valued at the time of the sale. These are not the actual accounts of the holding company but what Chucky paid for the assets and has been lumped onto the holding company as debt presumably. This is not an actual review of the clubs or the holding companies current accounts is it ?. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 4, 2013 Share Posted March 4, 2013 Still waiting.....To make it worse your bigoted boyfriend gave you a greenie for that pile of pish. Why didn't you also greenie it? 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted March 4, 2013 Share Posted March 4, 2013 (edited) The negative goodwill here £20.5M is the same negative goodwill £20.5M that is listed in todays accounts, nothing to do with the share money, do you think the 20.5M is just a fucking cooincidence? For the last time share raised capital is nothing to do with P & L That what you have posted is not the clubs or the holding companies actual accounts is it Tedi ? that is the cost of the acquisition of the assets of the dead PLC club. Now where are the actual accounts Tedi ? Edit for typo. Edited March 4, 2013 by hellbhoy 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 4, 2013 Share Posted March 4, 2013 That what you have posted is not the clubs or the holding companies actual accounts is it Tedi ? that is the cost of the acquisition of the assets of the dead PLC club. Now where are the actual accounts Tedi ? Edit for typo. Are you also an accountant? The entire Celtic support appears to made up of accountants these days. 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 They seem to be showing their class today or lack of should I say. 0 Quote Link to comment Share on other sites More sharing options...
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