132goals1958 Posted November 1, 2019 Share Posted November 1, 2019 28 minutes ago, IveSeenTheLight said: always like reading your posts footballfirst. Does this include the recent Sports Direct / SevCo lawsuit relating to the Hummel deal or could that be added as well? Look forward to seeing the Balance Sheet as the auditors are obliged to report potential Liabilities Qualified accounts --- The MSM should be all over this like a rash Quote Link to comment Share on other sites More sharing options...
Jim Panzee Posted November 1, 2019 Share Posted November 1, 2019 And so it goes on. They do seem to have plenty of benefactors.....plenty of opportunities to dilute shares to raise more money. i wonder if the appetite to chuck more money at The Rangers will fade once sellick have won ten in a row. i wonder how many wives of the benefactors know how much their other halves are spending on sevco Quote Link to comment Share on other sites More sharing options...
William H. Bonney Posted November 1, 2019 Share Posted November 1, 2019 They’ll probably get 10-12 million for Morelos. Quote Link to comment Share on other sites More sharing options...
Skivingatwork Posted November 1, 2019 Share Posted November 1, 2019 I expect that the whoring of Morelos will start soon through the compliant media outlets... Quote Link to comment Share on other sites More sharing options...
JamboAndrew Posted November 1, 2019 Share Posted November 1, 2019 The sooner The Rangers die, just like the dead Rangers FC it pretended to replace, the better the world will be. And Celtic can follow them. The sooner the better. Quote Link to comment Share on other sites More sharing options...
JamboAndrew Posted November 1, 2019 Share Posted November 1, 2019 Just now, Skivingatwork said: I expect that the whoring of Morelos will start soon through the compliant media outlets... Chinese club eyes £50m January swoop for Rangers ace. Quote Link to comment Share on other sites More sharing options...
Harko Posted November 1, 2019 Share Posted November 1, 2019 I just don’t understand how they can run at the level of losses they do year on year and still meet FFP regulations? Also - why does nobody in the media question the accounts... they simply print what Dave King says when they are issued with no questions asked whatsoever despite the fact the numbers are alarming and despite what happened in their previous manifestation Quote Link to comment Share on other sites More sharing options...
salvo69 Posted November 1, 2019 Share Posted November 1, 2019 It’s no different what clad did with us in terms of equity for debt etc....clearly they are many people who are happy to fund Rangers and be associates as a lender to them I can’t see the well running dry....I’m not sure it will put players or managers off as they will still get their cash Quote Link to comment Share on other sites More sharing options...
Japan Jambo Posted November 1, 2019 Share Posted November 1, 2019 Have to say I'd have no sympathy for the face painting lady this time around. No one should be extending them tick. Quote Link to comment Share on other sites More sharing options...
Unknown user Posted November 1, 2019 Share Posted November 1, 2019 On 30/10/2019 at 09:56, Ex member of the SaS said: Ok you win that one but I draw your attention to the line: The Rangers football club PLC is a public limited company in Scotland. That kind blows out the water your assertion they didn't die and it was the holding company. You win that one? There isn't a score, you cant draw level with an equaliser. They were desperate to prevent liquidation because it meant their club dying, and they knew it. But they didn't prevent it. Rangers died, the hun let it happen and they're not Rangers any more. Quote Link to comment Share on other sites More sharing options...
jaywalker Posted November 1, 2019 Share Posted November 1, 2019 Has anyone heard we don't currently have a manager and are getting humped by all and sundry. Why are these twats still dominating this forum? Quote Link to comment Share on other sites More sharing options...
Unknown user Posted November 1, 2019 Share Posted November 1, 2019 Just now, jaywalker said: Has anyone heard we don't currently have a manager and are getting humped by all and sundry. Why are these twats still dominating this forum? Because Hearts' situation has zero bearing on our ability or willingness to point and laugh at the hun. Cheers for keeping the thread at the top of page 1 by the way, keep up the good work 👍 Quote Link to comment Share on other sites More sharing options...
eyesandears Posted November 1, 2019 Share Posted November 1, 2019 Since Rangers were formed in 2012(?) i think it was what does this latest £11.3M loss bring their total losses to. I think it is about £75M/£80M which is staggering Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted November 1, 2019 Share Posted November 1, 2019 51 minutes ago, Jim Panzee said: And so it goes on. They do seem to have plenty of benefactors.....plenty of opportunities to dilute shares to raise more money. i wonder if the appetite to chuck more money at The Rangers will fade once sellick have won ten in a row. i wonder how many wives of the benefactors know how much their other halves are spending on sevco The answer to that is a huge fat no. They will limp along until their bigot twin gets 10, then the soft loans will dry up and they'll go tits up, again. Quote Link to comment Share on other sites More sharing options...
Bazzas right boot Posted November 1, 2019 Share Posted November 1, 2019 Morelos January sale. Job done. Once celtic get ten they'll fall apart. It's shite wanting them to get ten but when it happens, investors, fans will all turn. Gerrard will be away back to Liverpool. Bat signal for smithy will be out again. Quote Link to comment Share on other sites More sharing options...
gashauskis9 Posted November 1, 2019 Share Posted November 1, 2019 (edited) I live in persistent hope that these ****ers will die again. Please, please, please let this happen!!! Maybe Levein was right, maybe we could get Morelos on the cheap to help them out 😂😂😂 Edited November 1, 2019 by Gashauskis9 Quote Link to comment Share on other sites More sharing options...
132goals1958 Posted November 1, 2019 Share Posted November 1, 2019 19 minutes ago, eyesandears said: Since Rangers were formed in 2012(?) i think it was what does this latest £11.3M loss bring their total losses to. I think it is about £75M/£80M which is staggering Think their cumulative losses will only 😖 be around £50 million based on their last year accounts, eye watering just the same. Hope Big Mike is keeping his powder dry Quote Link to comment Share on other sites More sharing options...
Unknown user Posted November 1, 2019 Share Posted November 1, 2019 8 minutes ago, Smith's right boot said: Morelos January sale. Job done. Once celtic get ten they'll fall apart. It's shite wanting them to get ten but when it happens, investors, fans will all turn. Gerrard will be away back to Liverpool. Bat signal for smithy will be out again. You want celtic to beat us to the league next season? Wtf man? Quote Link to comment Share on other sites More sharing options...
Unknown user Posted November 1, 2019 Share Posted November 1, 2019 7 minutes ago, Gashauskis9 said: I live in persistent hope that these ****ers will die again. Please, please, please let this happen!!! Quote Link to comment Share on other sites More sharing options...
Bazzas right boot Posted November 1, 2019 Share Posted November 1, 2019 Just now, Smithee said: You want celtic to beat us to the league next season? Wtf man? Quote Link to comment Share on other sites More sharing options...
Unknown user Posted November 1, 2019 Share Posted November 1, 2019 Just now, Smith's right boot said: Fortunately no one remembers these things on here. Quote Link to comment Share on other sites More sharing options...
JamboAndrew Posted November 1, 2019 Share Posted November 1, 2019 15 minutes ago, Gashauskis9 said: I live in persistent hope that these ****ers will die again. Please, please, please let this happen!!! Maybe Levein was right, maybe we could get Morelos on the cheap to help them out 😂😂😂 They can't die again. You only die once. I hope this new club that modeled itself on the club called Rangers that folded not so long ago also folds. Semantics, I know. Quote Link to comment Share on other sites More sharing options...
Biguche Posted November 1, 2019 Share Posted November 1, 2019 1 hour ago, Dino Velvet said: They’ll probably get 10-12 million for Morelos. They'll get double that Quote Link to comment Share on other sites More sharing options...
fila Posted November 1, 2019 Share Posted November 1, 2019 $10 mill is not a concern for them, they will not blink any eyelid at that. Next season , we hopefully will see a loss of $30m, and so on. Quote Link to comment Share on other sites More sharing options...
Malinga the Swinga Posted November 1, 2019 Share Posted November 1, 2019 9 minutes ago, Biguche said: They'll get double that They will more likely get around £5 or £6 million which the Scottish press will exaggerate and report whatever that fee is plus any wages or add ins that are due. Rangers will then report undisclosed fee and no-one ever find out what fee was. That is of course that Morelos gets a work permit for English club because he doesn't qualify through his international appearances, and of course, any team actually wants to sign him. Quote Link to comment Share on other sites More sharing options...
Deevers Posted November 1, 2019 Share Posted November 1, 2019 11 minutes ago, Malinga the Swinga said: They will more likely get around £5 or £6 million which the Scottish press will exaggerate and report whatever that fee is plus any wages or add ins that are due. Rangers will then report undisclosed fee and no-one ever find out what fee was. That is of course that Morelos gets a work permit for English club because he doesn't qualify through his international appearances, and of course, any team actually wants to sign him. That’s if someone doesn’t snap him first. Now that would be funny. Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted November 1, 2019 Share Posted November 1, 2019 (edited) 2 hours ago, IveSeenTheLight said: always like reading your posts footballfirst. Does this include the recent Sports Direct / SevCo lawsuit relating to the Hummel deal or could that be added as well? They have declined to quantify the contingent liability associated with the SDI court case. Quote SDI Retail Services Limited The Company is engaged in ongoing legal proceedings relating to its retail arrangements. Judgment has been granted against the Company in respect of certain breaches of contract but, at this stage, the extent of the Company’s liability other than with regard to legal fees has not been decided by the Court. As negotiations are ongoing regarding the legal proceedings, the Directors are of the view that it would be seriously prejudicial if it were to disclose the information usually required by IAS 37 (Provisions, Contingent liabilities and contingent assets). The Company has dealt with its estimated liabilities, insofar as it is practicable for its Directors to estimate them at this stage, when calculating its accruals. Edited November 1, 2019 by Footballfirst Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted November 1, 2019 Share Posted November 1, 2019 (edited) Here's why they need vast sums of new money, and soon. Note 16 - Transfer installments outstanding at at the end of June. £9.568m during this season £3.711m in future seasons. Note 30 - Since the year end they have agreed to pay a further £11.5m in transfer fees. There are incoming transfer installments to be set against the above, but they barely register against the outgoing figures. Note 13 - £348k during this season and £90k in future seasons Note 30 - Since year end another £0.3m in transfer fees to be received. Edited November 1, 2019 by Footballfirst Quote Link to comment Share on other sites More sharing options...
cruzabic Posted November 1, 2019 Share Posted November 1, 2019 (edited) Their European run this season will almost cover that alone. Selling Morelos who will go for 20+ will give them windfall let's not wet our pants over paper talk Edited November 1, 2019 by cruzabic Quote Link to comment Share on other sites More sharing options...
IveSeenTheLight Posted November 1, 2019 Share Posted November 1, 2019 4 minutes ago, cruzabic said: There European run this season will almost cover that alone. Selling Morelos who will go for 20+ will give them windfall let's not wet our pants over paper talk Two points:- 1) Their European run last year was insufficient to cover their losses to June. 2) who is offering £20M+ for Morelos? Some Chinese outfit like was reported last year.. Even if they do accept an offer, it’s clear modern transfer fees are amortised over the length of the contract, especially for larger transfers. Quote Link to comment Share on other sites More sharing options...
132goals1958 Posted November 1, 2019 Share Posted November 1, 2019 16 minutes ago, Footballfirst said: They have declined to quantify the contingent liability associated with the SDI court case. Well that is a bit of an imponderable and adds weight to the auditors reservations in signing the accounts off. Flying with the seats of their pants relying on Europa league money and outgoing transfers. Hardly responsible fiscal discipline and this casino mentality could be their undoing. Quote Link to comment Share on other sites More sharing options...
Japan Jambo Posted November 1, 2019 Share Posted November 1, 2019 9 minutes ago, IveSeenTheLight said: Two points:- 1) Their European run last year was insufficient to cover their losses to June. 2) who is offering £20M+ for Morelos? Some Chinese outfit like was reported last year.. Even if they do accept an offer, it’s clear modern transfer fees are amortised over the length of the contract, especially for larger transfers. yup and the whiff of fire sale will do wonders for that too... Quote Link to comment Share on other sites More sharing options...
gjcc Posted November 1, 2019 Share Posted November 1, 2019 8 minutes ago, Jap Jambo said: yup and the whiff of fire sale will do wonders for that too... Hearts should throw a cheeky £100k bid in January for the bantz. Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted November 1, 2019 Share Posted November 1, 2019 (edited) A footnote to the increase in Operating Expenses which went up by £19.2m. "Other operating charges include matchday costs, such as policing, stewarding and pitch costs. A £9.1m increase is caused by fulfilling the nine extra home games in the season, and a £3.6m increase to legal and professional fees" Edited November 1, 2019 by Footballfirst Quote Link to comment Share on other sites More sharing options...
Japan Jambo Posted November 1, 2019 Share Posted November 1, 2019 9 minutes ago, gjcc said: Hearts should throw a cheeky £100k bid in January for the bantz. pmsl - should do it today before the semi, if it's good enough for them 😉 Quote Link to comment Share on other sites More sharing options...
Unknown user Posted November 1, 2019 Share Posted November 1, 2019 3 minutes ago, Footballfirst said: A footnote to the increase in Operating Expenses which went up by £19.2m. "Other operating charges include matchday costs, such as policing, stewarding and pitch costs. A £9.1m increase is caused by fulfilling the nine extra home games in the season, and a £3.6m increase to legal and professional fees" they pissed away 69k a week on lawyers! Quote Link to comment Share on other sites More sharing options...
NaturalOrder74 Posted November 1, 2019 Share Posted November 1, 2019 Love to get excited but I Don’t think 10 million is that big a deal for sevco Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted November 1, 2019 Share Posted November 1, 2019 (edited) Again there is no mention of any indebtedness to Close Leasing, barring a reference to their securities. I would guess that the "loan" facility was paid off before year end from early ST sales. I think that it is likely that they borrowed more this time round than the previous year, as interest charges have gone up by almost £100k. "Interest charges on finance leases and other finance facilities increased to £258k against the previous year of £159k." ------------------------------------------------- Edit: They may have covered the Close loan on page 15. “As at 30 June 2019, there are interest-free, unsecured loans with investors amounting to £10.3 million, other commercial loans of £3.0m, whilst the Group also has finance lease agreements totalling £1.2 million. “ Edited November 1, 2019 by Footballfirst Quote Link to comment Share on other sites More sharing options...
Footballfirst Posted November 1, 2019 Share Posted November 1, 2019 1 minute ago, farin said: Do the accounts include the £7m for Kent & £3m for Helander ?. . I can't recall when Helander signed, but Kent was definitely after the year end. There is reference to £11.5m of spending on transfer fees post year end that will have to be paid off this season and next depending on the installment agreements. Quote Link to comment Share on other sites More sharing options...
RobNox Posted November 2, 2019 Share Posted November 2, 2019 2 hours ago, Smith's right boot said: 2 hours ago, Smithee said: Fortunately no one remembers these things on here. Unless it's wanting Hibs to win the cup! Quote Link to comment Share on other sites More sharing options...
Tom Hardy’s Dug Posted November 2, 2019 Share Posted November 2, 2019 It costs them £1m to host every home game?? Quote Link to comment Share on other sites More sharing options...
RobNox Posted November 2, 2019 Share Posted November 2, 2019 1 hour ago, Footballfirst said: They have declined to quantify the contingent liability associated with the SDI court case. Interesting FF, but it's conveniently not referred to in the Material Uncertainty statement as being one of the key variables that will influence the exact amount of additional funding required. I'd have thought this is likely to be quite a significant factor. Quote Link to comment Share on other sites More sharing options...
132goals1958 Posted November 2, 2019 Share Posted November 2, 2019 1 minute ago, RobNox said: Interesting FF, but it's conveniently not referred to in the Material Uncertainty statement as being one of the key variables that will influence the exact amount of additional funding required. I'd have thought this is likely to be quite a significant factor. Big style should the potential liability crystallise. Quote Link to comment Share on other sites More sharing options...
Meadows Posted November 2, 2019 Share Posted November 2, 2019 I’ll predict a sale of one or two players , most likely Morelos , with a minimum of £10million keeping the wolf from the door. They’ll always be in the Shit but will always sneak through unfortunately. Quote Link to comment Share on other sites More sharing options...
John Findlay Posted November 2, 2019 Share Posted November 2, 2019 9 hours ago, Darren said: In that time several "MSM" organisations put up breaking news stories on it. More content will follow. So your assertion that there has not been a peep is baseless. Touchy Quote Link to comment Share on other sites More sharing options...
ri Alban Posted November 2, 2019 Share Posted November 2, 2019 Scotland closing in on 2 champions League places, so I'd expect them to be ok. Quote Link to comment Share on other sites More sharing options...
Tommy Brown Posted November 2, 2019 Share Posted November 2, 2019 3 hours ago, Meadows said: I’ll predict a sale of one or two players , most likely Morelos , with a minimum of £10million keeping the wolf from the door. They’ll always be in the Shit but will always sneak through unfortunately. Pretty much. Glib's kids inheritance hasn't been touched, yet. That's in reserve for a super rainy day. Quote Link to comment Share on other sites More sharing options...
Darren Posted November 2, 2019 Share Posted November 2, 2019 2 hours ago, John Findlay said: Touchy Not particularly, just calling you out on your ignorance. Quote Link to comment Share on other sites More sharing options...
The Gasman Posted November 2, 2019 Share Posted November 2, 2019 11 hours ago, Skivingatwork said: I expect that the whoring of Morelos will start soon through the compliant media outlets... https://www.dailyrecord.co.uk/sport/football/football-transfer-news/alfredo-morelos-drops-rangers-transfer-20787989 🙄 Quote Link to comment Share on other sites More sharing options...
Deso1972 Posted November 2, 2019 Share Posted November 2, 2019 Bet he’s wondering where that’s came from! Guy getting passed around like a scud book. Quote Link to comment Share on other sites More sharing options...
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