Musemic Posted March 30, 2015 Share Posted March 30, 2015 Folk actually typing Glib and Shameless Liar instead of his real (and way shorter) name. G&SL? Link to comment Share on other sites More sharing options...
The Mighty Thor Posted March 30, 2015 Share Posted March 30, 2015 And how much of the princely sum of ?7.99 goes to The Raingurs? Link to comment Share on other sites More sharing options...
Angus Young Posted March 30, 2015 Share Posted March 30, 2015 And how much of the princely sum of ?7.99 goes to The Raingurs? 99p goes to Sevco MA Gets the rest. oh these pesky onerous contracts Link to comment Share on other sites More sharing options...
Deevers Posted March 30, 2015 Share Posted March 30, 2015 The 3bears deserve everything they get. They don't have ignorance on their side - they know him and his reputation well. Either they are all in on this charade (I have a NOMAD ready for next week) or they have been "duped" (where have we heard this before ?). Given what we now know about King I find it incredible that ANYONE would get involved with him.Of course, DK could wave a magic wand and , hey presto, suddenly there appears a NOMAD, funding etc. But , really ? 100% right. Interesting that only recently the 3bears were offering over 6 million as a loan to the old board, yet have only come up with 1.5 million to see Sevco through to next month. Douglas Park has been described as being livid with King - it all smacks of fall outs behind the scenes. King has not put on brass farthing into the club. I wonder whether he is already plotting a complete about turn and actually hoping that the courts rule that he is not a FPP. Lots more to come from all of this. Link to comment Share on other sites More sharing options...
jambovambo Posted March 30, 2015 Share Posted March 30, 2015 "Don't talk about hun club" Rule 2 is "Don't talk about Rule 1" Link to comment Share on other sites More sharing options...
The Mighty Thor Posted March 30, 2015 Share Posted March 30, 2015 99p goes to Sevco MA Gets the rest. [emoji14]rofit: oh these pesky onerous contracts Raingurs get 12% margin out of that? That's a generous contract not an onerous one [emoji38] Link to comment Share on other sites More sharing options...
Don Dan Posted March 30, 2015 Share Posted March 30, 2015 it was a complaint about appropriateness, the NOMAD sent the complaint to AIMS and resigned with immediate effect. They do not have to inform the company of the complaint, but the new NOMAD as part of due diligence would have had to speak to the old NOMAD and subsequently convince the exchange that the complaint has been dealt with? None of this has been done, and I suspect it wont while King is in the mixIn order to be eligible for AIM, an applicant must appoint a nominated adviser and an AIM company must retain a nominated adviser at all times.The nominated adviser is responsible to the Exchange for assessing the appropriateness of an applicant for AIM, or an existing AIM company when appointed as its nominated adviser, and for advising and guiding an AIM company on its responsibilities under these rules.The responsibilities of nominated advisers are set out in the AIM Rules for Nominated Advisers.If an AIM company ceases to have a nominated adviser the Exchange will suspend trading in its AIM securities. If within one month of that suspension the AIM company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled. Thanks for that. Link to comment Share on other sites More sharing options...
Seymour M Hersh Posted March 30, 2015 Share Posted March 30, 2015 What is Rule 1? The first rule of The Rangers demise is you don't talk about it. Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted March 30, 2015 Share Posted March 30, 2015 Glib and shameless liar. (That took less than five seconds of thumb work.) Link to comment Share on other sites More sharing options...
Paolo Posted March 30, 2015 Share Posted March 30, 2015 Glib and shameless liar. (That took less than five seconds of thumb work.) Glib and shameless liar. [copy and paste]. Link to comment Share on other sites More sharing options...
RobNox Posted March 30, 2015 Share Posted March 30, 2015 Despite the caveat emptor of being a shareholder and the pitfalls its brings, Both the minor shareholders as well as the institutional ones entered into an unholy league with King to bring down the old regime, this act and its outcome led to the NOMAD resigning from post and submitting a complaint of breach of rule 1 to the Exchange? despite caput tuum actiones, all who voted in favour of the King proposal and of course the EGM itself did so under a promise made that King was going to remove WH Ireland as it's NOMAD and replace it with another to which he was in discussions with? They have 4 working days left to replace this NOMAD or be delisted by default? Is there any comeback on King? for the removal of the old board replacing one of his own and at this point he would have clearly ill advised the shareholders and indeed it could be argues that he misled them? Being delisted has its own benefits and shortfalls, but the protection offered by the Exchange for a vast majority of shareholders will be lost due to Kings actions? Or because they voted in his favour they have no recourse? I just wonder if in particular the institutionals as well as MASH will use this against him? Being misled, by a glib and shameless liar, surely not!! Link to comment Share on other sites More sharing options...
RobNox Posted March 30, 2015 Share Posted March 30, 2015 To Date MA publicly Has done diddly squat since the Glib and Shameless Liar took power my hunch is MA Is working in the background making it very difficult for them to get a Nomad. And it also appears that MA is flatly ignoring any attempts by King or the 3 Bears to enter into any kind of dialogue. Link to comment Share on other sites More sharing options...
RobNox Posted March 30, 2015 Share Posted March 30, 2015 And how much of the princely sum of ?7.99 goes to The Raingurs? Rangers get -?2 as the RRP is ?9.99 so they need to make up the difference. Link to comment Share on other sites More sharing options...
Beverley Posted March 31, 2015 Share Posted March 31, 2015 You'vr gotta be kidding rob. I actually want that to be true hahaha Link to comment Share on other sites More sharing options...
Brandt Posted March 31, 2015 Share Posted March 31, 2015 Sylvester Stallone. Link to comment Share on other sites More sharing options...
Juan Jose Carricondo Perez Posted March 31, 2015 Share Posted March 31, 2015 Sylvester Stallone. No, clearly it's Subo! Link to comment Share on other sites More sharing options...
heartofgold Posted March 31, 2015 Share Posted March 31, 2015 No, clearly it's Subo! James Cotter from Rab C Link to comment Share on other sites More sharing options...
Deevers Posted March 31, 2015 Share Posted March 31, 2015 The tribute act post their interim results. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12299859.html Interesting - an unaudited overview by accountants of figures that have been presented to them. I wonder what secrets actually are hidden from view just now. Link to comment Share on other sites More sharing options...
Deevers Posted March 31, 2015 Share Posted March 31, 2015 A gem from it. Promotion means them Having to pay Newcastle ?500k, but their calling this "an uncertain future event". [emoji1] A real beauty. Uncertainty certainly seems to be the watchword through there just now. Link to comment Share on other sites More sharing options...
Rab87 Posted March 31, 2015 Share Posted March 31, 2015 So promotion or no promotion means a hefty financial cost. Link to comment Share on other sites More sharing options...
MessengerOfNade Posted March 31, 2015 Share Posted March 31, 2015 "@STVGrant: The prize money for finishing second in the Championship is ?342,000. If Rangers go up, Newcastle United will get all of that. And more." @STVGrant Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
hmfcalum Posted March 31, 2015 Share Posted March 31, 2015 @STVGrant: The prize money for finishing second in the Championship is ?342,000. If Rangers go up, Newcastle United will get all of that. And more.... Just fabulous... Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
Zico Posted March 31, 2015 Share Posted March 31, 2015 "@STVGrant: The prize money for finishing second in the Championship is ?342,000. If Rangers go up, Newcastle United will get all of that. And more." @STVGrant Sent from my iPhone using Tapatalk What a card Ashley is. Link to comment Share on other sites More sharing options...
Pans Jambo Posted March 31, 2015 Share Posted March 31, 2015 Losing ?2.6m in 6 months up to Dec 2014. Means their still haemorrhaging cash at an alarming rate. But they have a 7 year plan so it's all good. [emoji3]So (on average), they are losing ?100,000 A WEEK?What business can put up with that & for how long??? Link to comment Share on other sites More sharing options...
Shanks Posted March 31, 2015 Share Posted March 31, 2015 :rofl: Give us 4 players (spend most of their time injured) + we will pay their wages + we will give you half a million if we get promoted. Link to comment Share on other sites More sharing options...
DETTY29 Posted March 31, 2015 Share Posted March 31, 2015 So (on average), they are losing ?100,000 A WEEK? What business can put up with that & for how long??? I think historically losses for second half of reporting period are worse. On the face of it income steady, losses reducing so progress in right direction. But the accounts are unqualified. Link to comment Share on other sites More sharing options...
DETTY29 Posted March 31, 2015 Share Posted March 31, 2015 They wouldn't see a penny of the prize money & have to pony up ?158k of their own cash to Ashley.. [emoji1] Glorious... Not quite. The SPFL are intending on withholding ?250k prize money this season for LNS and I think some down payments although minimal have already been made to clubs. Link to comment Share on other sites More sharing options...
hmfcalum Posted March 31, 2015 Share Posted March 31, 2015 Does this loss include the ?3.1M raised in the share issue... so really they spent more than ?5.8M than they took in..? Link to comment Share on other sites More sharing options...
Angus Young Posted March 31, 2015 Share Posted March 31, 2015 http://www.bbc.co.uk/sport/0/football/32127566 another onerous contract completed by Llambias just before he was ousted 500k if the get promoted Link to comment Share on other sites More sharing options...
Deevers Posted March 31, 2015 Share Posted March 31, 2015 Does this loss include the ?3.1M raised in the share issue... so really they spent more than ?5.8M than they took in..? That would not be out with the question. I was generally accepted that they were losing circa 800,000 a month not so long ago. That was the reason for needing the loans that Ashley was providing. Link to comment Share on other sites More sharing options...
Footballfirst Posted March 31, 2015 Share Posted March 31, 2015 The underlying state of the accounts is probably a bit worse than the headline figure when you look at the breakdown of their income. Gate receipts ? down ?750kSponsorship ? down ?350kBroadcasting ? up ?290kCommercial ? down ?115kRetail ? down ?500kOther income ? up ?1.16M The ?Other income? figure reflects the income generated from the rental of the stadium for the Commonwealth games and an International fixture (Georgia?) which together raised ?1.3M. That income will not be repeated. Link to comment Share on other sites More sharing options...
DETTY29 Posted March 31, 2015 Share Posted March 31, 2015 (edited) ?1.3m in stadium rental for 1 international and commonwealth games rugby 7s. Until Hampden scrapped this was extra ordinary income. Murray says ticket income reduced due to no pre season friendly. Not quite true as under terms of Commonwealth Games agreement both Rangers and Celtic were recompensed based on historical pre season friendly attendances. He does suggest medium to long-term finance solutions are positive. Edited March 31, 2015 by DETTY29 Link to comment Share on other sites More sharing options...
Footballfirst Posted March 31, 2015 Share Posted March 31, 2015 (edited) Does this loss include the ?3.1M raised in the share issue... so really they spent more than ?5.8M than they took in..? Also the ?3M they took in loans from Ashley (?1.5M of which repaid other loans). Despite this extra cash coming in, their cash balance went down by ?1.28M over the period. The cash burn is just over ?900K a month, which is what the latest loans from the 3 Bears are covering. Edited March 31, 2015 by Footballfirst Link to comment Share on other sites More sharing options...
Angus Young Posted March 31, 2015 Share Posted March 31, 2015 Any news on the Nomad ? i recall the Glib and Shameless Liar announcing he had that all sorted and that was before the EGM Could he have been telling porkies and he has left the 3 bears holding the baby ? Cue Potless Paul to the rescue with some spin Link to comment Share on other sites More sharing options...
hmfcalum Posted March 31, 2015 Share Posted March 31, 2015 @STVRaman: #Rangers ''early indications from existing significant shareholders is there'll be positive support for a rights issue in Summer 2015'' A NOMAD before PM Thursday would help then... Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
Deevers Posted March 31, 2015 Share Posted March 31, 2015 @STVRaman: #Rangers ''early indications from existing significant shareholders is there'll be positive support for a rights issue in Summer 2015'' A NOMAD before PM Thursday would help then... Sent from my iPhone using Tapatalk It will be interesting to see who out with King and the 3bears is actually interested in ploughing more money into this black hole. Indeed, King is now credited with saying he will not invest if not deemed to be FPP. Link to comment Share on other sites More sharing options...
Spellczech Posted March 31, 2015 Share Posted March 31, 2015 They just never cut their cloth to play in the lower leagues. I cannot believe that any significant shareholder who does not have board representation fancies a rights issue in the summer. They'll know it is about consolidation of power by the existing board as much as raising money. Some will try to sell before committing good money on top of bad. Being delisted will make those shares cheaper... Link to comment Share on other sites More sharing options...
hmfcalum Posted March 31, 2015 Share Posted March 31, 2015 Brief synopsis from the Bbc. Rangers made losses after tax of ?2.89m for the six-month period to 31 December 2014, accounts interim chairman Paul Murray describes as "disappointing". Whilst every other football fan in Scotland describes them as "marvellous"... Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
Toonpack Posted March 31, 2015 Share Posted March 31, 2015 Loan fee's are perfectly normal and as a NUFC fan, I'm pissed off we've deferred those fees to "IF they get promoted" Link to comment Share on other sites More sharing options...
Deevers Posted March 31, 2015 Share Posted March 31, 2015 (edited) The statement is interesting for what they don't tell. Nothing about all the jiggery-pokery with the various loans. Edited March 31, 2015 by Deevers Link to comment Share on other sites More sharing options...
davieholt Posted March 31, 2015 Share Posted March 31, 2015 The statement is interesting for what they don't tell. Nothing about all the jiggery-pokery with the various loans. ... or what maintenance should have been carried out on Ibrox but was 'deferred'. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted March 31, 2015 Share Posted March 31, 2015 They are beyond parody now. Link to comment Share on other sites More sharing options...
Wilson Posted March 31, 2015 Share Posted March 31, 2015 Do we know why Deloittes resigned? Link to comment Share on other sites More sharing options...
Rudolf's Mate Posted March 31, 2015 Share Posted March 31, 2015 (edited) ?1.3m in stadium rental for 1 international and commonwealth games rugby 7s. This is glossing over the polished turd as without it those figures would look far worse. Let's not forget that this is an income which won't be available in the next 6 months accounts nor in the next year. 500k might not seem a huge amount however can sevco afford to gain promotion Edited March 31, 2015 by Rudolf's Mate Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted March 31, 2015 Share Posted March 31, 2015 Do we know why Deloittes resigned? The toxicity of the situation, probably. Link to comment Share on other sites More sharing options...
Wilson Posted March 31, 2015 Share Posted March 31, 2015 The toxicity of the situation, probably. Yes probably. I wondered whether they felt unable to sign off the accounts for some reason...I.e. previous accounts have been heavily caveated re future income etc. as to their ability to meet obligations. Link to comment Share on other sites More sharing options...
Rudolf's Mate Posted March 31, 2015 Share Posted March 31, 2015 Yes probably. I wondered whether they felt unable to sign off the accounts for some reason...I.e. previous accounts have been heavily caveated re future income etc. as to their ability to meet obligations. If they'd found that to be the case I'm pretty sure they'll be obliged to report it. If it was enough to warrant them to resign then you'd have to think that it was pretty damning stuff. We can only hope Link to comment Share on other sites More sharing options...
Spellczech Posted March 31, 2015 Share Posted March 31, 2015 http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12299859.html one odd thing is that Murray talks constantly of damage to the brand yet there is no impairment or revaluation of the ?16m that they attach as the value of the Rangers brand... Link to comment Share on other sites More sharing options...
DETTY29 Posted March 31, 2015 Share Posted March 31, 2015 Loan fee's are perfectly normal and as a NUFC fan, I'm pissed off we've deferred those fees to "IF they get promoted" They initially welcomed the tie up with NUFC in the very hope of getting players in. Now a lot if it seems underhand as to how the 5 arrived, but they needed paying for. Different levels of course but Man U are paying ?6m plus wages for a 1 year Falcao deal. Link to comment Share on other sites More sharing options...
Spellczech Posted March 31, 2015 Share Posted March 31, 2015 They initially welcomed the tie up with NUFC in the very hope of getting players in. Now a lot if it seems underhand as to how the 5 arrived, but they needed paying for. Different levels of course but Man U are paying ?6m plus wages for a 1 year Falcao deal. the Newcastle players are irrelevant. Vuckic alone has kept them going since January. Christ, the fans want him signed lol! he has been worth the fee for all 5. The focus on them is a smokescreen because the retail deal may be watertight after all... Link to comment Share on other sites More sharing options...
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