Are Rangers actually skint?

[Ribble]

27 minutes ago, jambo_74 said:

Cursory search on google suggests he is worth around $500million, not quite the multi billions you are suggesting. Not skint either, but less likely to throw tens of millions at Rangers without caring about it.

Additionally that’s all money on paper, without selling his share of the 49’ers he’s not got that kind of money just sitting about as cash

[Tynecastle Valhalla]

Wealthy owners but making a yearly loss.

[Hagar the Horrible]

10 hours ago, Tynecastle Valhalla said:

Wealthy owners but making a yearly loss.

Having a loss making business on your books is a good thing, you can dump any and every debt you own onto that business, in this case rangers.  The Glazers did that to cash rich Man Utd.  Still they might put in a £20m war chest over and about the £17m losses they make years in year out

[Deevers]

29 minutes ago, Hagar the Horrible said:

Having a loss making business on your books is a good thing, you can dump any and every debt you own onto that business, in this case rangers.  The Glazers did that to cash rich Man Utd.  Still they might put in a £20m war chest over and about the £17m losses they make years in year out

Sounds like a good business plan for them - load Rangers with all their debt and eventually pull the plug and make it all go away.

[Hagar the Horrible]

2 minutes ago, Deevers said:

Sounds like a good business plan for them - load Rangers with all their debt and eventually pull the plug and make it all go away.

If so minded, they can dump all the debt from Leeds onto Rangers and vice versa

[Deevers]

25 minutes ago, Hagar the Horrible said:

If so minded, they can dump all the debt from Leeds onto Rangers and vice versa

You would think that with all the money swirling about in the EPL that Leeds would be a far more attractive financial proposition for the 49rs. Rangers were already looking a bit of a precarious investment for them when they came in. I suppose it all comes down to their motives. 

Edited October 8 by Deevers

[Hagar the Horrible]

10 minutes ago, Deevers said:

You would think that with all the money swirling about in the EPL that Leeds would be a far more attractive financial proposition for the 49rs. Rangers were already looking a bit of a precarious investment for them when they came in. I suppose it all comes down to their motives. 

to be fair on Rangers, bigger club bigger fan base, seen as the Giants (big fish) in a small pond.  Leeds have been a basket case, but like a lot of clubs, the money pumped into it, is disgusting.  the 49ers will get a return.  But if you are looking at a profit from Rangers, you have not done enough due diligence..  They need to spend huge just to maintain their status and the illusion.  We are living in our means.  They might not even qualify next season for Europe, that would be massive

[sac]

Let’s not forget that our vermin neighbour's are not in a very good place financially either, considering the Gordon’s bailed them out not long ago, they’re back to racking up debts again. 

[Tynecastle Valhalla]

Without champions league football I don’t see how they can make a huge profit.

 

Player trading won’t cut it.