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The Rangers soap opera goes on and on.


Sergio Garcia

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What does super salary do after losing the cup final ?. Party on the karaoke like he'd won it of course. Ha ha..

 

zemapu4u.jpg

probably bought the pub with his losers bonus cash

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Hagar the Horrible

Bears are going radio rentals at this, his team made a fool of themselves albeit against a team in a superior division, and this is the way they celebrate? They have a massive cup tie on Saturday and of course the best way to prepare for it is to go out on the lash. This clown has to be in charge next season.

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What does super salary do after losing the cup final ?. Party on the karaoke like he'd won it of course. Ha ha..

 

zemapu4u.jpg

 

Tweeted by Templeton's bursd apparently :pleasing:

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Tommy Brown

"But that's how we winners before, we played as a team and got pissed as a team"

 

Comical Ali must stay

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Good to see the players making the most of that extra 15% on their wage..Temps just bought a brand new Audi R8 :cornette:

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Caspian Primrose

 

Guy at work says his ticket is more expensive next season than it was in the SPL

 

Aye?! :lol: mugs.

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zu4ysu6u.jpg

 

Legacy, aka the most exp Div1 S.Tkts in scot football history.. Spivtastic ..

Wee Eck MacDonald - where did it all go so wrong ? Edited by jambovambo
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Footballfirst

Some Season Tkts prices are up 25%. Prices from ?250 - ?499. Oh dear, ripped off again..

 

Most STs are up 15% and they have introduced a ?50 kids ticket for the first time, so maybe not quite the rip-off that some may portray.

 

It will be interesting to see the prices that Hearts intend charging for the Championship. I would hope that the ranges would be around ?50 less, but it wouldn't surprise me is the gap was less.

Edited by Footballfirst
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Guest Bilel Mohsni

Good to see Doddie again.

 

He should be invited back to Tynecastle. Does anyone know if this has happened much and he declines, or is the invite not forthcoming?

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Rick Grimes

zu4ysu6u.jpg

 

Legacy, aka the most exp Div1 S.Tkts in scot football history.. Spivtastic ..

 

 

 

Its an uncanny resemblance....

 

orc_zpsc4b3d662.jpg

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jack D and coke

Haven't seen wee doddie for years now. Surprising the lack of occasions he's at Tynecastle. Is there something we don't know about?

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scottish_chicP

499 for the championship and guarantee of nae cups. Wow. Would I f...

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Gigolo-Aunt

Haven't seen wee doddie for years now. Surprising the lack of occasions he's at Tynecastle. Is there something we don't know about?

 

Not sure. There was a poster a while back who said he seen him in his local social club and he spoke very kindly of his days with the Hearts.

 

Also worth noting, and I ain't trolling before that stone in thrown, for a support that has had the pish ripped out of them on this thread about being glory hunters and will walk away, that's a very positive sign with the season ticket sales.

Edited by Gigolo-Aunt
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jack D and coke

 

Not sure. There was a poster a while back who said he seen him in his local social club and he spoke very kindly of his days with the Hearts.

 

Also worth noting, and I ain't trolling before that stone in thrown, for a support that has had the pish ripped out of them on this thread about being glory hunters and will walk away, that's a very positive sign with the season ticket sales.

Loads of time for the wee man and it's a bit of a mystery how few times he's been around our place since he left.

 

As for the huns I have to agree with you I thought they'd fall away and considering the pish they've went through they're seemingly not going away either. Fair play to them....

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ugaredad.jpg

 

It's not just your seat. It's Ally's salary.. Lol..

C'mon guys, there MUST be someone who can photoshop this. Endless opportunities for mirth here.
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tartofmidlothian

 

 

Not sure. There was a poster a while back who said he seen him in his local social club and he spoke very kindly of his days with the Hearts.

 

Also worth noting, and I ain't trolling before that stone in thrown, for a support that has had the pish ripped out of them on this thread about being glory hunters and will walk away, that's a very positive sign with the season ticket sales.

 

Definitely. I'm sure plenty of glory hunters really have walked away, but I've a great deal of respect for the fans who've stuck by them no matter what. If there's one thing I hope comes of this it's that they understand the size of their support is what gives them an on and off field advantage, they don't need artificial advantages too.

 

Sadly talk of expecting 30m from sugar daddies suggests some lessons haven't been learned.

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Toxteth O'Grady

I read in one of the papers today that Craig Whyte had been clearing anything of value out his house.

 

Maybe he will find some Deeds

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http://www.heraldsco...ollect.23925396

 

"RANGERS supporters who pay for their season tickets in instalments by direct debit are being automatically enrolled for next season, even though the club has yet to notify them exactly how much the price of their seats are due to increase for the next campaign."

 

Sevco playing dirty in an attempt to minimise the Dave King plan for ST money ?

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Auto en-rolling season ticket members of whom they have card details! Many, many of which are probably against renewing.

 

Wow!

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Auto en-rolling season ticket members of whom they have card details! Many, many of which are probably against renewing.

 

Wow!

 

They did that during their first season for away match tickets.

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mrmarkus1981

Accounts are in!!

 

13 months to 30 June 2013 (Turnover - ?17 696 000)

13 months to 30 June 2013 (Operating expenditure - ?35 304 000)

 

Ipox and Murray Park combined value of ?79.2 million!!!

 

 

This is brilliant if i understand it correctly :-

 

Loss for the period ?18.127.000

Gains of property re-valuation ?33.988.000

Total recognised gains and losses ?15.861.000

 

Are they claiming a gain of ?15m?

Edited by mrmarkus1981
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tartofmidlothian

Accounts are in!!

 

13 months to 30 June 2013 (Turnover - ?17 696 000)

13 months to 30 June 2013 (Operating expenditure - ?35 304 000)

 

Ipox and Murray Park combined value of ?79.2 million!!!

 

 

This is brilliant if i understand it correctly :-

 

Loss for the period ?18.127.000

Gains of property re-valuation ?33.988.000

Total recognised gains and losses ?15.861.000

 

Are they claiming a gain of ?15m?

 

Pre-liquidation figure, surely?

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Accounts are in!!

 

13 months to 30 June 2013 (Turnover - ?17 696 000)

13 months to 30 June 2013 (Operating expenditure - ?35 304 000)

 

Ipox and Murray Park combined value of ?79.2 million!!!

 

 

This is brilliant if i understand it correctly :-

 

Loss for the period ?18.127.000

Gains of property re-valuation ?33.988.000

Total recognised gains and losses ?15.861.000

 

Are they claiming a gain of ?15m?

Now that's what I call creative accounting.
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132goals1958

Accounts are in!!

 

13 months to 30 June 2013 (Turnover - ?17 696 000)

13 months to 30 June 2013 (Operating expenditure - ?35 304 000)

 

Ipox and Murray Park combined value of ?79.2 million!!!

 

 

This is brilliant if i understand it correctly :-

 

Loss for the period ?18.127.000

Gains of property re-valuation ?33.988.000

Total recognised gains and losses ?15.861.000

 

Are they claiming a gain of ?15m?

 

And I thought I was ok at creative accounting

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And I thought I was ok at creative accounting

 

Can see the .net lot sending this to UKIO, Tynie must be worth ?20m+!!!

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The Mighty Thor

Accounts are in!!

 

13 months to 30 June 2013 (Turnover - ?17 696 000)

13 months to 30 June 2013 (Operating expenditure - ?35 304 000)

 

Ipox and Murray Park combined value of ?79.2 million!!!

 

 

This is brilliant if i understand it correctly :-

 

Loss for the period ?18.127.000

Gains of property re-valuation ?33.988.000

Total recognised gains and losses ?15.861.000

 

Are they claiming a gain of ?15m?

 

Ibroke and Moonbeam Park ?79m? The asset value at Zombieco goes up and down like a hoors drawers.

 

Pre-implosion valuation ?119m (IIRC)

Chuck's spivtastic purchase price ?5m

Latest creative spivvery ?79m

 

No wonder Bomber was questioning 'whaurs the deeds?'

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The Mighty Thor

ery6asy6.jpg

If carlsberg done Sundays ...

Great to see a few ex hearts players pumping sevco today. They are absolute mince. The Arabs will destroy them next week if they play like today imo..

Been away for a week on holiday and wasn't even aware that this was on.

 

:rofl:

 

 

 

 

:rofl:

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132goals1958

Can see the .net lot sending this to UKIO, Tynie must be worth ?20m+!!!

 

 

Don,t give them any ideas. --- you know how sad and desperate they are.

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Footballfirst

Salary 99% of turnover i believe, will need to look again

 

It is 99.55%. Turnover ?17.696M, Wages ?17.616M

 

The accounts also confirm the ?16M debt to RIFC. This attracts no interest, is unsecured and is payable on demand.

 

Did you get my email re Garrion Securities?

Edited by Footballfirst
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Footballfirst

On it's way ;)

 

Sent from my GT-I9300 using Tapatalk

 

Got it thanks

 

Garrion Security Services have also lodged their accounts today for the period up to 30/06/2013. Garrion is a wholly owned subsidiary of RIFC.

 

http://www.scribd.com/doc/217451909/CH-Garrion-Securities-AA-2013

 

There are a few nuggets in there:

  • Auditors ? Emphasis of Matter ? Going concern warning. (as with RIFC and TRFC)
  • ?The company reported a loss after tax of ?116K and had net liabilities of ?116K as at 30 June 2013. The loss after tax has been driven by one off business start-up costs, and bought in consultancy fees to operate the company.?
  • They also owe ?273K to the parent company.

Edited by Footballfirst
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There was an "opt out" box in the small print that many never even read.

 

Probably because half the cretins don't know how to.

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Astonishing reading:

 

"The Rangers Football Club Ltd (TRFCL) has reported an ?18.19 million pre-tax loss for the 13 months to June 30, 2013.

 

The company, with operates ?a professional football club in Scotland, together with related commercial activities?, reports it owes parent company Rangers International Football Club Plc (RIFC), ?16.16 million.

 

Last October the parent company, RIFC, which describes itself as ?the holding company for the Scottish football club 'Rangers'?, reported operating losses of ?14 million for the 13 months to June 30 after raising more than ?35 million in finance in the year, including a rights issue last December.

 

In March, RIFC reported losses of ?3.5 million for the seven months to December 31, 2013 and its auditors warned a fan boycott of season tickets could jeopardise the clubs ability to continue trading.

 

In accounts now filed with Companies House, TRFCL has reported operating costs of ?35.3 million for the 13 months to June 30, 2013 on turnover of ?17.6 million, with the first team wage bill for the year having come in at ?7.8 million.

 

TRFCL also notes ?other operating charges? totalling ?11.89 million for the year, which includes matchday costs such as policing, stewarding and pitch costs.

 

The last full-year accounts filed by oldco Rangers ( now called RFC 2012 plc ? in liquidation) for the 2010 year, show 'other operating charges of ?13.59 million, when Rangers had played in the top flight of Scottish football and had participated in the UEFA Champions League.

 

Total staff costs for the 13 months to June 2013 ran to ?17.61 million, with the highest paid director taking home ?933,376.

 

TRFCL notes the wages to turnover ratio for the 13 month reporting period was ?99 per cent?.

 

Creditor amounts falling due within one year total ?30.7 million, including ?16.1 million owned to the parent company, ?8.15 million in deferred income, ?1.8 million in tax and social security, ?1.82 million in accruals and ?464,000 to ?other creditors?.

 

The company notes the amounts owed to the parent company, Rangers International Football Club plc are ?unsecured, repayable on demand and do not accrue interest?.

 

?The parent company has indicated that it has no intention to recall the balance in the forseeable future?.

 

TRFCL also notes it paid out severance payments totalling ?468,000 post year-end, and notes two directors having resigned after June 30, 2013 ? former chief executive Craig Mather, who stepped down in October 2013 and former finance director Brian Stockbridge, who left in January, 2014.

 

TRFC notes it expects to see ?modest increases? in season ticket sales for 2014/15 ?and beyond?.

 

The company intends to introduce ?progressive increases in season ticket prices as we move towards the Scottish Premiership, while still remaining below those when the club was previously in the SPL?.

 

The company's auditors, Deloitte, have included and ?emphasis of matter ? going concern? qualifications in the accounts.

 

Deloitte notes: ?The company has made key assumptions in relation to the timing of season ticket monies, the volume and pricing of season ticket sales, increased matchday income and sponsorship, the timing and value of dividends and further cost reductions?.

 

The auditors have taken into account the timing of receipt of season ticket monies, along with assumptions relating to growth in season tickets, sponsorship, hospitality and commercial revenues ?reflecting customer confidence returning?, and ?further cost management measures? being implemented.

 

Deloitte notes, based on the information provided, ?indicate the existence of a material uncertainty which may cast doubt about the company's ability to continue as a going concern, and therefore that the company may be unable to realise its assets and discharge its liabilities in the normal course of business?.

 

The auditors have also notes a further emphasis of matter relating to the ?uncertain outcome of potential litigation?, which relates to letters before claim issued by Craig Whyte, the previous owner of RFC 2012 plc (now in liquidation) and his business partner, Aidan Earley.

 

Deloitte notes despite the company having conducted an ?independent investigation?, and despite the ?inherent limitations of a private enquiry? from which the company concluded the claims has no legal merit, Deloitte notes the ?ultimate outcome cannot presently be determined, and accordingly no adjustments have been made?.

 

Whyte is claiming legal right to the Rangers assets as oldco Rangers administrators, Duff & Phelps, had entered into a binding agreement with Sevco 5088 in May 2012 to sell the Rangers assets in the event of a CVA being rejected.

 

The assets were ultimately transferred to an unrelated entity, Sevco Scotland Limited, now The Rangers Football Club Ltd (TRFCL).

 

TRFCL notes at the foot of the 2013 accounts, under related party transactions: "On 14 June 2012 Sevco 5088 Limited entered into agreements for no consideration to legally reassign its beneficial interest in funding placing letters held and novate the trade and assets purchase agreement with RFC 2012 plc (in administration) to Sevco Scotland Limited (now the Rangers Football Club)?.

 

TRFC notes, based on the assessment of available evidence, ?RIFC plc considers that the investigation found no evidence that Craig Whyte had any involvement with Sevco Scotland Limited (now called The Rangers Football Club Limited) which ultimately acquired the business and assets of RFC 2012 plc from its administrators; nor which would suggest that Craig Whyte invested in The Rangers Football Club Limited or Rangers International Football Club plc, either directly or indirectly through any third party companies or vehicles?.

 

The note adds: ?On May 28, 2013 a further letter before claim was sent to (inter alia) The Rangers Football Club Limited and Rangers International Football Club plc on behalf of Craig Whyte, Aidan Earley and (purportedly) Sevco 5088 Limited.

 

?The board is of the view that the claims set out in the letter before claim are entirely unsubstantiated based on legal advice received to date by the board and the outcome of the investigation?.

 

TRFCL also notes a claim raised by former commercial director Imran Ahmad has ?no substance? and ?no obligation to pay a bonus arises?.

 

Ahmad has raised a claim for ?500,000 in lost bonuses - which is down from the ?3.4 million figure he had initially intended to pursue ? and that case is still to be heard in the Court of Session.

 

?

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It seems someone not sure if it is a Celtic fan (@itscyno) has hacked into the guy who runs followfollow twitter and is posting stuff. Also compromised his paypal bidding on a 14ft boat and a dildo by all accounts. https://twitter.com/GrandmasterSuck

 

The chap also apparently shut down The Rangers official website after hacking it.

 

 

Wo der what their next move will be.

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There was an "opt out" box in the small print that many never even read.

 

Most of them can't even read large print.

Edited by Simon Says
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It is 99.55%. Turnover ?17.696M, Wages ?17.616M

 

The accounts also confirm the ?16M debt to RIFC. This attracts no interest, is unsecured and is payable on demand.

 

Did you get my email re Garrion Securities?

Off current topic, but are you EJ on TSFM?

 

I noticed a post on the UTTT where EJ noted that Murray Group's QC admitted they couldn't put a team on the park without EBTs.

 

Did that mean quality of team, or couldn't put a team out?

 

Sorry.

Edited by DETTY29
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Footballfirst

Off current topic, but are you EJ on TSFM?

 

I noticed a post on the UTTT where EJ noted that Murray Group's QC admitted they couldn't put a team on the park without EBTs.

 

Did that mean quality of team, or couldn't put a team out?

 

Sorry.

 

Yes and SDM was referring to quality.

 

From the original FTTT report (and repeated by Andrew Thornhill at the UTTT)

"Mr Black did not consider the Trust as a means of tax avoidance, but rather as a means of retaining and rewarding loyal employees. So far as Rangers was concerned it enabled the Club to attract players who would not otherwise have been obtainable".

 

Mr Black was SDM's alias at the FTTT

Edited by Footballfirst
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