Fotbawmad Posted October 1, 2013 Share Posted October 1, 2013 So the scaremongering about admin at Christmas is a lot of shite as usual. We didn't say you'd be in admin by Christmas. Billy on the street will only being to realise something is seriously wrong around Christmas, and admin will beckon in February/March. Just make sure when next summer break happens, if the same shysters are on the board, nobody buys season tickets. If the board don't listen to you at AGMs etc, they will listen to you when the money dries up. Unfortunately I don't think Rangers supporters have the sense to do this, and will fall for the usual pre season nonsense that D Murray was so good at, through to Sandy Jardine, Green, Ally and Walter. Always written up by fatso Jimbo. And still being written up by him. I think the odds are slim that most of the current spivs will still be there by the end of the season. By then, most the fleecing will have been done. They won't do another IPO as it will dilute their current shareholding and control of the club. Operating losses of £14m – approx £1.15M a month in June, they had £10.2M in the bank – so, today, 3 months later, we can take 3.45m off that. That gives them £6.75M in the bank. That should see them through for another 6 months. – the end of March 2014 Unless they have another share issue, sale/leaseback or some other injection of cash – they won’t see out the season. They may time admin nicely for the end of the season and have close season to sort it all out. but it looks like it will be the gift that keeps giving. Now, will Ally do enough to ensure they secure promotion even with the points deduction for admin? These accounts hide the end of season bonuses the players, management and directors will be on. Don't forget these are last seasons accounts, and it doesn't take genius to realise there expenditure will be even higher than it was then. AberdeenBud, Neil Patey is a partner at Ernst and Young (which is not to say he's infallible). What are your qualifications and status in the accountancy profession? Neil Patey was just spinning messages of false hope to the orcs. He of all people should know that HMRC rarely do deals with anyone. Let alone people who've shown such clear contempt for paying taxes as deadco. Another zoomer ... Aye the sponsors are queuing up to be associated with your toxic brand and the shenanigans that surround your cesspit .... That's why sponsors are put off sponsoring either Glasgow team, as they know rival supporters will try to boycott their brand. Unless they sponsor both at the same time, which is currently the case. Edit: Damn, reached my quota quote limit 0 Quote Link to comment Share on other sites More sharing options...
Frank de bear Posted October 1, 2013 Share Posted October 1, 2013 1) Don't need and can't get are not the same thing. 2) TRFC owe RIFC £16 million. Have a look Frank. Leaseback. 1) £11m in the bank, zero bank debt. 2) Aye in your imagination. The business strategy remains for the Club to keep Ibrox Stadium and Murray Park free from any kind of security over bank debt. These assets will continue to remain under the full ownership of the Club 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted October 1, 2013 Share Posted October 1, 2013 1) Rangers don't need credit. 2) Unlike Celtic, Hearts, Aberdeen and others we have no loans over our assets. 1/ yes you do. It would be a gazillion times cheaper than the non bank credit you have used. Ahmed made how much for a short term "financing" ? 2/ lol, eh right. 0 Quote Link to comment Share on other sites More sharing options...
shizler Posted October 1, 2013 Share Posted October 1, 2013 £ 825000 for super duper ally Just heard them on SSB asking one of the callers if they would take a pay cut if asked! They're actually defending Sal and the money he is on because ' he signed a contract' and has done nothing wrong.. This is a company that is crumbling round his feet for the second time in year and he didnt think to do anything about before now of his own back. Jeez if it wasnt so serious it would be funny..... Saying that 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted October 1, 2013 Share Posted October 1, 2013 1) £11m in the bank, zero bank debt. 2) Aye in your imagination. £11m in the bank 5 months ago. Running at a loss of stupid proportions, no credit line. See ya. 0 Quote Link to comment Share on other sites More sharing options...
lithgierose Posted October 1, 2013 Share Posted October 1, 2013 They were asked to take a pay cut and declined. Ally McCoist has taken a pay cut. from 850 to 825k can he survive on that drop 0 Quote Link to comment Share on other sites More sharing options...
Frank de bear Posted October 1, 2013 Share Posted October 1, 2013 Think it was the company that went bust not the club. Nice try But ,but,but the club and the company are the same according to people like you ???? Funny how some people change their tune when it's suits them. 0 Quote Link to comment Share on other sites More sharing options...
Frank de bear Posted October 1, 2013 Share Posted October 1, 2013 I do notice you fail to mention that the new company paid off all the old clubs debts thus being allowed to continue. How did paying off the debts work off for you last year? So the company paid off it's debts but was still wound up??? Aye right you are. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted October 1, 2013 Share Posted October 1, 2013 1) £11m in the bank, zero bank debt. 2) Aye in your imagination. 1) £10.2 actually and that was three months ago, be a lot less by now. 2) It's in the accounts. HTH. Again. 0 Quote Link to comment Share on other sites More sharing options...
scottxs Posted October 1, 2013 Share Posted October 1, 2013 Don't think I've said anything like that. 0 Quote Link to comment Share on other sites More sharing options...
Fotbawmad Posted October 1, 2013 Share Posted October 1, 2013 1) £11m in the bank, zero bank debt. 2) Aye in your imagination. Credit means "to believe", and if the banks won't provide it. What does that likely say about your business? 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted October 1, 2013 Share Posted October 1, 2013 So the company paid off it's debts but was still wound up??? Aye right you are. You are patently too stupid to be sparring with grown ups Frankie. Go on...... put your Rangers onesie on and off to bed with ya... 0 Quote Link to comment Share on other sites More sharing options...
Frank de bear Posted October 1, 2013 Share Posted October 1, 2013 £11m in the bank 5 months ago. Running at a loss of stupid proportions, no credit line. See ya. £11m in the bank 5 months ago with only 50% of the season ticket income in at the time and no money from Puma,sportsdirect or Blackthorn either. 0 Quote Link to comment Share on other sites More sharing options...
Joey Jo Jo Junior Shabadoo Posted October 1, 2013 Share Posted October 1, 2013 1) £11m in the bank, zero bank debt. After the Ticketus deal Oldco had zero 'bank' debt and a good few million in the bank too. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted October 1, 2013 Share Posted October 1, 2013 Oh, Frankie. 0 Quote Link to comment Share on other sites More sharing options...
EdTheDuck Posted October 1, 2013 Share Posted October 1, 2013 I think he's the Big Hoose guy... 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted October 1, 2013 Share Posted October 1, 2013 Oh, Frankie. "....do you remember me ?" 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted October 1, 2013 Share Posted October 1, 2013 £11m in the bank 5 months ago with only 50% of the season ticket income in at the time and no money from Puma,sportsdirect or Blackthorn either. Season ticket half sales =£3m , puma,SD,blackthorn = £1 m combined ? At a push ? Last year 6 home cup games. That's not gonna happen . Burn of £1.5m+ a month. Yer fecked. 0 Quote Link to comment Share on other sites More sharing options...
Frank de bear Posted October 1, 2013 Share Posted October 1, 2013 1) £10.2 actually and that was three months ago, be a lot less by now. 2) It's in the accounts. HTH. Again. Oh aye i'm sure it's in the kerryfail st accountant/tax experts/lawyers/financial ombudsman set of accounts for sure but in the real world Rangers fc and it's assets have no secured loans hanging over them. 0 Quote Link to comment Share on other sites More sharing options...
scottxs Posted October 1, 2013 Share Posted October 1, 2013 Poor frankie now in his rangers onsie in a corner in the featul position crying 0 Quote Link to comment Share on other sites More sharing options...
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