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Big Rangers Administration/Liquidation Thread - All chat here!


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I assume the ridicule sometimes comes (in my case anyway) because many of your fellow fans are seemingly unable to hold a decent conversation, especially one that requires self examination of your club's current plight.

A fair few of us Bear have posted on here for years for a couple of reasons.  An obvious one is that we have an interest in Scottish football in all its 'Armageddon' complexity.  A more subtle reason is that we don't like the 'Rangers only' propaganda that one gets from single-issue, single-team sites,

 

Concomitantly, we seldom have an issue with acknowledging our team's plight as we're very aware that, by contributing to P&B, we're exposed to it and we choose not to hide..  The sad thing is that The Ps&Ds seldom meet us on the same terms but react in a childish and recalcitrant manner.  You'll ken this yourself by dint of your, "what a dreary and pitiful mob" comment.

Edited by The_Kincardine
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The sad thing is that The Ps&Ds seldom meet us on the same terms but react in a childish and recalcitrant manner.  You'll ken this yourself by dint of your, "what a dreary and pitiful mob" comment.

Such generalising about any group of posters on P&B is best avoided.

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A fair few of us Bear have posted on here for years for a couple of reasons.  An obvious one is that we have an interest in Scottish football in all its 'Armageddon' complexity.  A more subtle reason is that we don't like the 'Rangers only' propaganda that one gets from single-issue, single-team sites,

 

Concomitantly, we seldom have an issue with acknowledging our team's plight as we're very aware that, by contributing to P&B, we're exposed to it and we choose not to hide..  The sad thing is that The Ps&Ds seldom meet us on the same terms but react in a childish and recalcitrant manner.  You'll ken this yourself by dint of your, "what a dreary and pitiful mob" comment.

 

well, that was simply stating a fact. In my time here the vast majority of Rangers fans have been avoiding talking about anything remotely negative surrounding their club/company.

 

I admire your input, I really do, but really, your team's fans in general are a joke, and everyone knows it.

 

p.s: celtic too before you jump to any conclusions about my sympathies 

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The sad thing is that The Ps&Ds seldom meet us on the same terms but react in a childish and recalcitrant manner. You'll ken this yourself by dint of your, "what a dreary and pitiful mob" comment.

How do you think the discussion would progress if the Ps&Ds met you on the same terms and replied to your posts in the adult manner of "tears" and well thought out arguments similar to "54 and counting"?

What's the phrase I'm looking for?

That's it... people in glass houses.

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How do you think the discussion would progress if the Ps&Ds met you on the same terms and replied to your posts in the adult manner of "tears" and well thought out arguments similar to "54 and counting"?

There is, of course, an issue and mostly it's about posters posting about posters. 

 

Dons_1988, eg, tried to have a sensible discussion about our recent finances but he had no takers even from The Ps&Ds.

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That's Cilla Black levels of 'really reallies' and if you regard we Bears as a joke then simply disengage.

 

Overuse of really was a bit much I agree :D

 

But, what do you mean by "disengage"? I am interested in scottish football, and the rangers story of decline and deceit is something worth looking into, at best for learnings sake, at worst for having a good old chuckle.

 

the constant ignorance/deflection from your fellow supporters just adds to the intrigue tbh

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There is, of course, an issue and mostly it's about posters posting about posters. 

 

Dons_1988, eg, tried to have a sensible discussion about our recent finances but he had no takers even from The Ps&Ds.

 

I must have missed that one. Care to quote so I can engage?

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Overuse of really was a bit much I agree :D

 

But, what do you mean by "disengage"? I am interested in scottish football, and the rangers story of decline and deceit is something worth looking into, at best for learnings sake, at worst for having a good old chuckle.

 

the constant ignorance/deflection from your fellow supporters just adds to the intrigue tbh

Abysmal stuff from you.  You're showing Klingy levels of amoeba-brained insight and discourse.

 

I must have missed that one. Care to quote so I can engage?

Just scroll back.

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Said this a few weeks ago but this story, for now, is dead.

Rangers are not going bust anytime soon, the "good guys" inherited an almighty mess and from what I see they are slowly but surely sorting it out.

So long as there isn't pressure to repay the working capital loans any time soon they will continue to borrow it until they can reasonably get back into a positive cash flow. I would imagine this will take promotion (now guaranteed) and subsequently European football (far from guaranteed).

I would think it is in their interests to trim their cost base as I'm guessing sympathetic shareholders will only go so far. On promotion to the prem it will be interesting to see how hell for leather they go on challenging rasellick. That will be crucial to their recovery.

For what it's worth I think they have a decent manager in place who can make them competitive at least for Europe without spending a wad of cash. In this regard they are in good stead.

This is the reality of it folks, as much as I hate to say it, they are doing ok.

I really do hate to say it.

I agree with him :(

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Rangers handed Companies House their audited accounts and it paints a less than rosey picture to the unaudited club accounts peddled to the media with much fanfare.

Earlier this month, Rangers [PLC] said that they had cut their operating losses to £532,000 in the six months to December 31 but remained ‘reliant’ on shareholders to fund any shortfall.

However, audited accounts filed with Companies House showed that Rangers’ [Ltd] operating losses increased by 11% to £9.04 million for 2015 to June 30th – with debt owed to their parent company increasing by 16% to £18.1 million (2014: £15.6 million).

Pre-tax losses decreased to £6.85 million down from £7.76 million the previous year, but that decrease was helped by a £1.07 million gain from their holding in Rangers Retail Limited – which increased from £109,000 in 2014.

Rangers’ turnover dropped by nearly 10% to £15.4 million from £17.1 million the year before, with operating expenses totalling £24.4 million – 2014 operating expenses sat at £25.2 million.

The security firm, Garrion Security Services Limited, which is 100% owned by Rangers had a £1.01 million turnover to June 30th and a pre-tax profit of £126,000 – helped by the Commonwealth Games being held in Glasgow. Their staff costs increased to £653,748 in 2015, from £372,697 in 2014.

First team costs at Rangers dropped by £300,000 to £6.2 million – as 13 players left the club before they signed a further ten – first team wages actually account for 40% of the turnover in 2015 – a 2% increase from the previous year with overall staff costs sitting at £12.3 million [80% of the total turnover for the year].

However, Rangers’ auditors issued an ’emphasis of matter – going concern’ warning that Rangers’ continued ability to operate over the course of the next 12 months was ‘dependent on its ultimate parent entity raising additional finance and continuing to provide support to the company’.

Rangers [Ltd] have debts of £18.1 million owed to Rangers [PLC] which are ‘unsecured, repayable on demand and do not accrue interest’. However, the PLC have given written representations that it will not call in the debt due and will continue to provide financial support for at least 12 months – from January 2016.

Rangers [Ltd] have debts of £29.1 million due within one year – this does not include the £5 million loan repaid to Sports Direct in December.

There was an amount of £6.32 million owed in deferred income – but do not go into detail who this is owed to and a further £438k is listed under ‘obligations under finance leases and hire purchase contracts’ – this is in relation to ‘funding of the refurbishment of the stadium fast food outlets’.

But as King claimed earlier this month, at the time of the unaudited report: “There are not many Clubs in the world that are in that enviable position.â€

Edited by dave.j
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There is, of course, an issue and mostly it's about posters posting about posters.

Dons_1988, eg, tried to have a sensible discussion about our recent finances but he had no takers even from The Ps&Ds.

I did try to engage with the FFP question which the DA kindly repeated, as his own, before answering a couple of posts later.

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How does this affect their standing in the FFP regulations? If they win the SFA cup will they have a licence to play European football next season?

Honest question - furra change.

If Rangers do win the Cup (20% chance according to Ladbrokes) does anyone think the FFP rules will prevent them being put into the 2nd Qualifying Round of the Europa League?

Who decides whether they do or don't meet the rules? Is it the SFA or UEFA?

To answer my own question, I took a look at UEFA's website. I think the following extract is interesting and it would seem to suggest that it's going to be close-run. Have Rangers lost more than €30M over the last 3 years? Would they be allowed to discount the running costs of Murray Park?

3) Are clubs no longer allowed to have losses?

To be exact, clubs can spend up to €5million more than they earn per assessment period (three years). However it can exceed this level to a certain limit, if it is entirely covered by a direct contribution/payment from the club owner(s) or a related party. This prevents the build-up of unsustainable debt.

The limits are:

• €45m for assessment periods 2013/14 and 2014/15

• €30m for assessment periods 2015/16, 2016/17 and 2017/18

In order to promote investment in stadiums, training facilities, youth development and women’s football (from 2015), all such costs are excluded from the break-even calculation.

Cheers DA!

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There is, of course, an issue and mostly it's about posters posting about posters. 

 

Dons_1988, eg, tried to have a sensible discussion about our recent finances but he had no takers even from The Ps&Ds.

 

I did try to engage with the FFP question which the DA kindly repeated, as his own, before answering a couple of posts later.

You're off the hook, Stoney.  We all ken you're basically reasonable and detached, even if you canny help yourself sometimes.

 

That letter from yer maw is acceptable ;)

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You're off the hook, Stoney. We all ken you're basically reasonable and detached, even if you canny help yourself sometimes.

That letter from yer maw is acceptable ;)

Not really detached, I am quite biased but willing to listen to arguement and my opinion does change with new information, even if it is held against me by those unwilling to accept fluidity in the conversation.

As for that letter, I still stand by the spirit of it. ;)

Edited to add the smiley. Smileys make a post so much happier.

Edited by stonedsailor
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Cheers DA!

 

Oi!  I've got the attention span of a goldfish, right?  Who remembers who wrote what more than seven hours before?

 

Anyway, there's nothing new under the sun - or under the BRALT.  It's all been asked before.  Not answered, just asked.

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Oi! I've got the attention span of a goldfish, right? Who remembers who wrote what more than seven hours before?

Anyway, there's nothing new under the sun - or under the BRALT. It's all been asked before. Not answered, just asked.

Calm down dear, I was only thanking you.

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