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Still none the wiser. :greengrinQuote:
Originally Posted by grunt
How can CW/Wavetower/LFL/Worthington be owed money, when CW used the Ticketus money to pay off the bank?
Either I'm missing something, or CW has confused the hell out of the Court as well. Not sure why BDO haven't been able to put up a simple case that effectively says "GTF".
Edit.. there's that Spurway name again. Shivers up my spine.
HMRC should have taken Ibrox & Murray park off them at the CVA and redeveloped them for housing and told Rangers to go on their way without liquidation. :greengrinQuote:
Originally Posted by Gail
That would have delivered a far greater return for the public purse than this protracted shambles.
Just think Ibrox could have been developed like Highbury and Rangers would be homeless which is what would happen to me if I didn't pay my bills.
https://www.change.org/p/scottish-fo...m_medium=emailQuote:
Originally Posted by CropleyWasGod
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Watching the golf from USA last week, I noticed that one guy's sponsor was none other than Duff and Phelps. I take there's an honest and legit side to the company.
Comment here about our own Rod
http://johnjamessite.com/2016/03/16/...rity-for-sale/
Quote:
Originally Posted by jj
Another win for the Rangers
http://rangers.co.uk/news/headlines/...OzNGYE.twitter
Quote:
Originally Posted by Rangers
So it looking more and more like King s Strategy is winning through
He hasnt yet invested a fraction of what he said he would
They have reduced debt to increasingly manageable levels
They are more or less guaranteed automatic promotion by the looks of things
They are merging supporters association under one new banner so they can start buying shares in the club
They will have no problem getting new investment next season i assume when back in Top League
Assume they will shift more season tickets
So is there any other fly in the ointment that can stop them going from Strength to strength
I am beginning to get the distinct impression that they are now over the worst
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If the asset purchase by Sevco is declared fraudulent then conceivably BDO could come looking for it to be sold again on behalf of Old Hun creditors. That ongoing possibility may deter investors of the non-emotional type.Quote:
Originally Posted by Ronniekirk
Other than that the main fly in their ointment is they need to hit the ground running in the top flight. The hordes will not accept anything other than triumphalist triumph. There is no sign as yet of the kind of money they probably need to get near Celtic quickly.
Their big problem will be the mobs reaction should they fail achieve overnight success. King will struggle to keep them happy without spending more than other peoples money.Quote:
Originally Posted by JeMeSouviens
Thanks for that Will be interested to see how the semi final pans out if Griffiths was injuredQuote:
Originally Posted by JeMeSouviens
I know The Rangers don't yet have a million quid to spend on a player but Celtic haven't bought as well in i recent years imo
Ironically We may have assembled a squad capable of doing better in the top league than The Rangers but they have shown they ave the squad to win the Championship
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Whenever I hear of investors being required by Rangers I get the feeling they are still in trouble.
Investor = someone who puts in money with the purpose of getting that money back + profit. Profit made (generally so far) at the expense of the efforts of the Rangers fans.
What many Rangers fans want is a return to the good old days when an "investor" was anything but, but was an idiot who was prepared to plough their hard-earned (or ill-gotten) money into a lost cause never to see it again.
There do seem to be a few these days though who have learned a lesson - having so nearly lost their club and having seen it go through the mill they have less inclination to see it act as profligately as they have in the past.
They need to be self-sufficient and imo the approach King has taken has been the right one for them. They need to live within their means and work with the not inconsiderable sums that "the hordes" can generate.
They look like they're pretty much out of the woods to me and might be going up at the right time for them. Celtic are no great shakes and are there for the taking. Their income will have taken a hit over the past few years and their pitiful European efforts won't have generated a significant amount of cash over the past few years.
I hate to give Rangers credit but in many ways if they pull through this I'm happy to put the whole thing behind me. They've done their time, they've done a stint in the lower leagues and I'm happy enough to move on. They're still a horrible bunch who need to do a lot more throughout the entire club to control their unpleasant element (and not actively encourage it) but if they get their house in order financially and live within their means then fair play to them.
I'm not up for retrospectively stripping titles but I want to have confidence that there is a rigid enough structure in place at the SFA that any such financial fuddery will not be tolerated in future. I have no such confidence right now as long as so many tarnished figures remain in position.
:tin hat:
Yeah, you would imagine the New Huns will have more to spend than Aberdeen and they've managed to stay reasonably close to Delia's Celtc. The New Huns would be doing well to get to Aberdeen's current level within a season or 2 but I don't imagine too many of their fans will be happy with that, especially if Celtc sort themselves out with a new manager over the summer.Quote:
Originally Posted by Ronniekirk
http://www.bbc.co.uk/sport/football/35845621
Newco will "vigorously pursue" Green for legal costs after his appeal failed.
Green "losing" for the time being could be interesting. He must have a story to tell about events just before he appeared and during the early days of his stewardship. If only a Scottish paper fancied taking the story on. Never been a better time to offer him a few quid for his version of eventsQuote:
Originally Posted by Bishop Hibee
It was expected Green would lose his case in the Court of Session. The said Court is a corrupt institution that will always favour the so-called establishment and Rangers are just such a one. The said Court is supplied by Lords employed by the Courts and Tribunals Services ultimately employed vicariously by the Government. There is no such thing as an independent Lord or Judge.
I did say on this thread some time ago Rangers will be awarded every judgement ultimately by their band of brothers the Lords of the Courts and Tribunal Services which is a very bigoted establishment institution. What may happen with Whyte and Co in the criminal trial is they may cop to some minor plea and be brushed under the carpet or be found not guilty. Mark my words, the establishment protects it's own vigourously.
:gwa:
Any input on these beliefs/ideas/fairy tales (delete as appropriate)....... CWG?
http://johnjamessite.com/
http://www.philmacgiollabhain.ie/pol...goes-to-ibrox/
First of all, the moment JJ starts with figures, my eyes glaze over. The only thing he says of in that piece that caught my attention is "The accountants who read my projections will rail against ....." We rail against most of what you say, JJ.......Quote:
Originally Posted by HoboHarry
That said, his figures may be reasonable. He just has so much previous that I CBA analysing them :greengrin The only thing people should be aware of is that, since they won the case against Chucky, RFC should be able to limp on until they can start selling ST's.
On Phil's piece, it's much the same song. "They huvnae any money". Again, it's wishful thinking and straw-clutching.
This is where I issue a disclaimer that, for all I know, there's another bomb ticking away which will explode over the next week or so and slip them 25 points down. The way things are going with us, I'm not even sure that will be much good. :cb
The Rangers are not going bust anytime soon. We should just close thread and concentrate on our own problems.
Who would you believe- Dave King and Radar K Jackson or these men Phil and john james who are attempting to give the real story to the less naive.Quote:
Originally Posted by HoboHarry
They are merely keeping us abreast of the true story unlike the Scottish Media who are now timid- think of what happened to the journo Haggerty when she gave an honest account of a story involving rangers- sacked and alienated, albeit I believe she has served a penance and been readmitted into the fold with a word in the shellike to not do that again. If it was'nt for men like Phil and john james we would still be having the wool pulled down over the eyes. Keep up the good work.
You don't have to click on this thread if you don't like it.Quote:
Originally Posted by Keekaboo
Can't agree about JJ.Quote:
Originally Posted by doddsy
His financial positing has been pretty poor for the most part. As I've said a few times on here, every time I challenge him, he fails to either answer me or allow my posting.
Phil is different. But, as the immediate crisis recedes, even he is looking for straws to grab. On Twitter and the likes, the arguments between he and his like on one side, and the RFC guys on the other, has been reduced to "We ur" vs. "Naw ye urnae".
It's not hard to believe RIFC are around 30 million in debt. The SD agreement is still in place. The saga of BDO still runs as to creditors. The criminal proceedings may or may not take place. I am still no clearer as to how the ultimate ownership will pan out. There is still much to see in this ongoing circus. As for the Newco v Oldco we all know Rangers were liquidated but are more or less the same club.Quote:
Originally Posted by CropleyWasGod
If you're talking about PMcG's blog, then I don't think he's suggesting that they're £30m in debt - he's saying they've lost £30m which is different.Quote:
Originally Posted by doddsy
My problem with his current blogs is that he's discussing a set of accounts that no one has yet seen. Unless I missed it.
Like CWG I no longer even bother looking at JJ's site.
I agree with you on that, but we're probably the only 2 people outside Govan who think that way. :greengrinQuote:
Originally Posted by doddsy
But no way are they £30m in debt..............
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Originally Posted by grunt
They are discussing the Sevco ( ie football club accounts ) to the period ending 30/6/2015, just published. They contain all the information that was in RIFC accounts ( the holding company ) for the same period that were published in December.
The only major difference is the accumulated losses figure which has been reduced by pumping up the goodwill value of RIFC.
Huns and goodwill ! :confused:
I will go further i don't think they are gong bust at allQuote:
Originally Posted by Keekaboo
I think by the end of next season they will be through the worst
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[QUOTE=grunt;4628128]If you're talking about PMcG's blog, then I don't think he's suggesting that they're £30m in debt - he's saying they've lost £30m which is different.
My problem with his current blogs is that he's discussing a set of accounts that no one has yet seen. Unless I missed it.
Like CWG I no longer even bother looking at JJ's site.[/QUOTE
Don't get me wrong I am no accountant but making a loss of 30 mill is not like going to the bookies and gambling it which would be a loss, in buisness sense a loss is the difference between outgoings and income, however it could be the RIFC is run on a different basis due to its lack of genuine lines of credit. I am not sure if it is simply money down the drain or a debt. Could anyone else enlighten us please.
In any case it is worse if it is a straight 30 mill down the drain no? hard cash without write offs.
You seem to be saying it is a debt carried over by the Sevco years?Quote:
Originally Posted by greenginger
[QUOTE=doddsy;4628140]Quote:
Originally Posted by grunt
I'm pretty sure its a straight £ 30 million trading loss, but they had a £ 22 million share issue cushion to start with and that's all gone.
They need to get their income up or their costs down, a bit like ourselves and every other club in the country.
It's not a debt. It's the accumulated losses since Day 1.Quote:
Originally Posted by doddsy
What the debt actually is, is difficult to ascertain. The latest management accounts, as pointed out on here, had no Balance Sheet.