Drew Brees Posted November 5, 2021 Share Posted November 5, 2021 55 minutes ago, Squonk said: Not sure why everyone is getting so aeriated about the set of accounts of a meaningless and expendable operating company. If said operating company goes tits up, our forward-thinking football administrators will simply license another off-the-shelf debt-free newco(mpany) to operate the same club with a derisory and utterly meaningless points deduction as the only sanction. Those football administrators will also argue that (Third) Rangers should ply its trade in the top division for the good of Scottish football. What's not to like? I believe it was Jorg Albertz Einstein who defined insanity as doing the same thing over and over and expecting a different outcome, but clearly those who 'wrestled back control of the club' wurnae listening. Meanwhile, the SFA turns a deaf eye and a blind ear to the same old. The people should be indebted for their saviours' indebtedness. It can't be easy to win a solitary top league title in eight and a half years of existence with cumulative debts of just a hundred and six million quid. Flat pack admin and rebirth is a option but Park et all with their equity confetti worthless shares would lose everything as they are the majority creditors and have thrown good money in. Cant see them wanting to do that, unless there was no other option. They'd then need to start again and raise funds and they'd need to downsize and we all know the support, who never put their hands in their own pocket, would not stomach that. Good luck with that, the previous company has never made a profit in its 9 year history. Keep going and struggle, or fold and struggle. Seems like a win win for me 0 Quote Link to comment Share on other sites More sharing options...
DukDukGoose Posted November 5, 2021 Share Posted November 5, 2021 2 hours ago, AJF said: I wouldn't wish the Easdales on anyone. Well, maybe Celtic. Wasn't it the Easdales who tried to make you run a self sustaining model? 0 Quote Link to comment Share on other sites More sharing options...
Snifter Pee Rot Posted November 5, 2021 Share Posted November 5, 2021 (edited) 15 minutes ago, Merkland Red said: Wasn't it the Easdales who tried to make you run a self sustaining model? Losses in the last Easdales/Ashley year (2015) was 3.5m. That was when the TRIFC shares still traded on AIM and had some value. Here's what's happened since. £73m watp cash burn. 2016/17 - £6.7M loss 2017/18 - £14.3M loss 2018/19 - £11.3M loss 2019/20 - £17.4M loss 2020/21 - £23.5M LOSS Edited November 5, 2021 by Snifter Pee Rot 2 Quote Link to comment Share on other sites More sharing options...
DukDukGoose Posted November 5, 2021 Share Posted November 5, 2021 18 minutes ago, Snifter Pee Rot said: Losses in the last Easdales/Ashley year (2015) was 3.5m. That was when the TRIFC shares still traded on AIM and had some value. Here's what's happened since. £73m watp cash burn. 2016/17 - £6.7M loss 2017/18 - £14.3M loss 2018/19 - £11.3M loss 2019/20 - £17.4M loss 2020/21 - £23.5M LOSS Thanks. Was too lazy to go looking for that. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 5, 2021 Share Posted November 5, 2021 Never expected this. St Mirren chairman John Needham has been charged by the Scottish FA over tweets he made about Rangers. Needham faces a hearing on 2 December on counts of "discriminatory or offensive" comments, bringing the game into disrepute and improper behaviour. He apologised on Twitter after "inappropriate" historical posts, including derogatory references to Rangers fans, came to light last month. At least one of the tweets came after he joined St Mirren's board last year. Following an investigation, the Scottish FA has now issued him with a notice of complaint. Needham, a w****r for over 40 years, took over as chairman in the summer when the club came under fan ownership. 0 Quote Link to comment Share on other sites More sharing options...
wastecoatwilly Posted November 5, 2021 Share Posted November 5, 2021 5 hours ago, bennett said: I don't think that uncle Charlie was too fussed about sustainability and fabric building tbf. I think his mattress was empty zippy,3's a crowd and all that jazz. 7.5 million to keep the lights on isn't too bad. 0 Quote Link to comment Share on other sites More sharing options...
senorsoupe Posted November 5, 2021 Share Posted November 5, 2021 Elsewhere, it appears as though some Rangers fans are learning the value of double checking your spelling after buying tickets to see Brondby vs Randers instead of Rangers https://www.footballscotland.co.uk/spfl/scottish-premiership/rangers-fans-advised-apply-refund-22086921 2 Quote Link to comment Share on other sites More sharing options...
Bairnardo Posted November 5, 2021 Share Posted November 5, 2021 Elsewhere, it appears as though some Rangers fans are learning the value of double checking your spelling after buying tickets to see Brondby vs Randers instead of Rangers https://www.footballscotland.co.uk/spfl/scottish-premiership/rangers-fans-advised-apply-refund-22086921Thicker than a submarine door 2 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 5, 2021 Share Posted November 5, 2021 41 minutes ago, Bairnardo said: 44 minutes ago, senorsoupe said: Elsewhere, it appears as though some Rangers fans are learning the value of double checking your spelling after buying tickets to see Brondby vs Randers instead of Rangers https://www.footballscotland.co.uk/spfl/scottish-premiership/rangers-fans-advised-apply-refund-22086921 Thicker than a submarine door I get that you're staunch but people can criticise Rangers. 0 Quote Link to comment Share on other sites More sharing options...
Busta Nut Posted November 6, 2021 Share Posted November 6, 2021 Seriously. Why isn't this continuous loss worrying? 0 Quote Link to comment Share on other sites More sharing options...
SlipperyP Posted November 6, 2021 Share Posted November 6, 2021 16 minutes ago, Busta Nut said: Seriously. Why isn't this continuous loss worrying? Because, their plan is working! As far as I can see, the plan was to stop 10iar, then make up all the losses in the Champions League, they got the first part of the plan not the second. They now need the Champions League cash next year/season. If that doesn't work things will start to get very interesting. Hopefully, it will be popcorn time again. However, as we know already by past experience, it will be a new club in the lower leagues on the journey to stop 10iar again. REPEAT! BWT, how much money do you get in the Champions league? Would it even cover their losses? 0 Quote Link to comment Share on other sites More sharing options...
Busta Nut Posted November 6, 2021 Share Posted November 6, 2021 Rangers' losses by season: 2012/13 -£14m 2013/14 - £8.1m 2014/15 - £7.5m 2015/16 - £3.3m 2016/17 - £6.7m 2017/18 - £14.3m 2018/19 - £11.3m 2019/20 - £15.9m 2020/21 - £23.5m better be more than £100m 0 Quote Link to comment Share on other sites More sharing options...
steelmen Posted November 6, 2021 Share Posted November 6, 2021 Hopefully, it will be popcorn time again. However, as we know already by past experience, it will be a new club in the lower leagues on the journey to stop 10iar again. REPEAT!Unfortunately not, because the way they claim the last company/club was set up (it wasn’t) is the way the new club is set up.They will just pass the club to a new company and secvo 5088 will go into liquidation allowing the club to continue on.All those mugs who have shares and soft loans will lose all them all amd have to buy new one in the new company. 1 Quote Link to comment Share on other sites More sharing options...
Orbix Posted November 6, 2021 Share Posted November 6, 2021 5 hours ago, SlipperyP said: Because, their plan is working! BWT, how much money do you get in the Champions league? Would it even cover their losses? For the Champions League this season; Quote 25% will be allocated to starting fees (€500.5m); 30% will be allocated to performance-related fixed amounts (€600.6m); 30% will be allocated to coefficient-based amounts (€600.6m); and 15% will be allocated to variable amounts (market pool) (€300.m). For Rangers, this would work out at; Starting fees: €14.8m and a balance of €840,000. Performance related: €2.8m per win and €930,000 per draw. Undistributed amounts (€930,000 per draw) will be pooled and redistributed among the clubs playing in the group stage in amounts proportionate to their number of wins. Coefficient Based: The lowest-ranked team will receive one share (€1.137m). One share will be added to every rank and so the highest-ranked team will receive 32 shares (€36.38m). Rangers 10 year coefficient currently sits them at 98th - in this current season if they’d qualified over Malmo they’d have been ranked 29th out of the 32 teams - getting 3 shares at €3.411m. Market Pool: 100% of whatever proportion of the overall TV Market was allocated to the SFA (if the only qualifiers). No clue, gonna guess at €4m from an initial pool of €300m. If any Celtic fans/Rangers accountants know what they got as a proportion last time it’d help here. So getting group stage football, even without a win or draw in any games, would be worth €23.75m or £20.32m. It’s complicated by the extra sponsorship, commercial deals and other opportunities that being in the CL would bring, balanced against performance related pay and other incentives for players and staff, but overall, Champions League football would likely cover the losses in the COVID season, and see the club in profit in a non COVID one. 0 Quote Link to comment Share on other sites More sharing options...
RandomGuy. Posted November 6, 2021 Share Posted November 6, 2021 (edited) The CL money making up their losses makes sense tbh. But they probably need to find a way to make money off players too. I'm entirely unconvinced by this theory some of their fans pump out that there's 5/6 players who can move to the EPL for £15m+ in the next couple of windows tbh. This Summer is their last to get decent money for Morelos, as he's now 25, having a fairly average season, and is out of contract after next season. None of of their back 4 go for close to £10m+, midfield maybe Kamara? Then Kent will do as he's English. Bassey would need to develop a lot, and quickly, to be in the conversation. Edited November 6, 2021 by RandomGuy. 0 Quote Link to comment Share on other sites More sharing options...
Orbix Posted November 6, 2021 Share Posted November 6, 2021 Kamara and Bassey both count as homegrown for the purposes of Premier League rules, having been at Arsenal and Leicester for three years before they turned 18. Both have European football experience and are international first team players. Kent’s not gone backwards since he was worth £7m, and has more experience playing than others in his Liverpool cohort getting quoted at £15m+. Morelos is probably the one with the biggest drop off. If it’s £4m away from what Rangers valued him at last time, its difficult to argue it wasn’t worth it given the goals he’s scored. Needs to lose weight and start fucking scoring again though. 0 Quote Link to comment Share on other sites More sharing options...
Grangemouth Bairn Posted November 6, 2021 Share Posted November 6, 2021 6 hours ago, SlipperyP said: Because, their plan is working! As far as I can see, the plan was to stop 10iar, then make up all the losses in the Champions League, they got the first part of the plan not the second. They now need the Champions League cash next year/season. If that doesn't work things will start to get very interesting. Hopefully, it will be popcorn time again. However, as we know already by past experience, it will be a new club in the lower leagues on the journey to stop 10iar again. REPEAT! BWT, how much money do you get in the Champions league? Would it even cover their losses? That’s got to be one of the riskiest business plans I’ve ever seen. Basically you know you are running a loss unless you qualify for the CL which is never a guarantee. This season I think Rangers just expected to turn up and win the league therefore did not invest £1 in their playing squad. Celtic on the other hand have spent c£20m (if you include the Jota pre-agreed fee) and that kind of outlay should win them the league and the riches of the CL. 0 Quote Link to comment Share on other sites More sharing options...
Orbix Posted November 6, 2021 Share Posted November 6, 2021 Rangers would, if their figures has continued on the same trajectory without COVID, be working towards break even by 23/24? With the pool of investors growing to dilute the risk to individual investors, it seems sustainable over that period. It seems like this transfer window the club were looking to invest without large outlays to live within their means. Celtic were having to invest to cover some catastrophic (hilarious) failures in their transfer dealings in order to build their first team squad back up to a level of parity. I’d say upfront they’ve done that, but the defence is still suspect over a 38 game season. I don’t rate Hart all that much either but will admit he’s a million times the player Barkas is, but you’re still looking at the best part of £10m for that f**k up. 0 Quote Link to comment Share on other sites More sharing options...
Drew Brees Posted November 6, 2021 Share Posted November 6, 2021 13 hours ago, Snifter Pee Rot said: Losses in the last Easdales/Ashley year (2015) was 3.5m. That was when the TRIFC shares still traded on AIM and had some value. Here's what's happened since. £73m watp cash burn. 2016/17 - £6.7M loss 2017/18 - £14.3M loss 2018/19 - £11.3M loss 2019/20 - £17.4M loss 2020/21 - £23.5M LOSS Remarkable that their previous incarnation caused carnage less than a decade ago being liquidated, robbing the tax payer of 50m+ And yet the new club are allowed to run up such staggering losses without question. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 6, 2021 Share Posted November 6, 2021 8 hours ago, Busta Nut said: Seriously. Why isn't this continuous loss worrying? It is worrying. 59 minutes ago, Grangemouth Bairn said: That’s got to be one of the riskiest business plans I’ve ever seen. Basically you know you are running a loss unless you qualify for the CL which is never a guarantee. This season I think Rangers just expected to turn up and win the league therefore did not invest £1 in their playing squad. Celtic on the other hand have spent c£20m (if you include the Jota pre-agreed fee) and that kind of outlay should win them the league and the riches of the CL. Obviously we couldn't invest in the playing squad, huge financial losses from last season.... The squad as it is should still be good enough to challenge celtic, who were able to invest by selling. I've feeling that our player valuations will have to be a bit more realistic in future. -1 Quote Link to comment Share on other sites More sharing options...
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