Fair enough - the tweets that were reported had worse than thatQuote:
Originally Posted by greenginger
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Fair enough - the tweets that were reported had worse than thatQuote:
Originally Posted by greenginger
Quote:
Originally Posted by DaveF
Nil by Mouth really do need to f*** off.
Or at least check the definition of ‘derogatory’ in a dictionary.
Wow. We will need to start addressing them as sir and 'the people'. It seems anything less is offensive. :confused:Quote:
Originally Posted by greenginger
£23.5m loss announced in their latest accounts. Not surprised to see them post a loss due to Covid but wondering how many losses and the total amount of losses they have posted since their reincarnation.
And the fact it continues to be swept under the carpetQuote:
Originally Posted by 04Sauzee
By whom? It's in the public domain.Quote:
Originally Posted by Stuart93
Are we not even allowed to be offensive any more? (Aimed at the report, not you).Quote:
Originally Posted by greenginger
They’ve lost £80mil up to the last set of accounts, so adding the 23.5mil to that makes it just over £100mil they’ve lost since being reborn. But there’s nothing to see here, this is all legit and above board. The debt however mostly comes from rangers board members and I’m sure a lot of it was converted to shares but I could be wrong about that.Quote:
Originally Posted by 04Sauzee
At first glance, they are in a much better state than they could have been. Their funding gap has reduced from £23m to £8m. They have also secured longer-term external funding, which is a big step for them.Quote:
Originally Posted by 04Sauzee
Disclaimer:- "at first glance" might miss a lot of issues :greengrin
Quote:
Originally Posted by CropleyWasGod
One thing in their favour over the past few seasons has been a steady stream of cash from European football. They had relied on this, which always seemed risky, but the risk seems to have paid off.
Yep, that was their stated model. Something like "group stages of the Europa or Champions League in 3 out of 5 seasons". We all probably scoffed at that at the time, as they were pretty poor on the park.Quote:
Originally Posted by jacomo
In some ways, it's almost irrelevant that Gerrard hasn't been too successful domestically. He's done the business in Europe which, from a financial point of view, has been much better for them.
I have absolutely zero knowledge but how long can losses continue like they have been before spfl/SFA take notice? If that’s even a possibilityQuote:
Originally Posted by CropleyWasGod
There’s more chance of me sending you a photograph of a live unicorn, finding a pot of gold at the end of a rainbow, or, enjoying a bowl of chicken-lip soup.:greengrinQuote:
Originally Posted by Stuart93
As long as they can continue in business, which they are doing, it's not the concern of the SPFL or SFA.Quote:
Originally Posted by Stuart93
UEFA may be a different story although, as recent FFP cases suggest, I'm not sure that's likely to be a major issue either.
Could they be banned from Europe over the next few years or is that wishful thinking?Quote:
Originally Posted by CropleyWasGod
I'd doubt it.Quote:
Originally Posted by PatHead
They have been in worse places than they are now, and managed to get round the FFP rules. In the past, they had to show that they were taking steps to plug their funding gap. It's clear that those steps were taken, and further steps are being taken. The long-term funding that they have secured is a huge step for them in that respect.
Sadly there are an awful lot of rich huns out there who are happy to swap £m for worthless share certificates. As much as we would all love it, in a Kevin Keegan stylee, if they went tits up it won't ever happen
In what way? It's being highlighted everywhere.Quote:
Originally Posted by Stuart93
UEFA Fairplay rules were designed to stop clubs spending more than they earn, but they have been a complete failure.
They are meant to be having an overhaul this year...but I wouldn't put a £1 on new rules having any greater success.
As for the chances of SFA/SPFL putting in place checks and restrictions such as they have in the Bundesliga - zero chance
Clubs such as Sevco etc will just have to keep hoping directors/supporters will keep chucking in the cash.
<br>Quote:
Originally Posted by Stuart93
In what way? It's being highlighted everywhere.
So they have spent over £100m more than their income since they last went pop.
Financial doping on a huge scale yet somehow its not covered by UEFA FFP rules or even remotely bothering the Scottish authorities in terms of how that impacts the domestic ‘fairness’ of competition.
Seems right enough.
We don't have FFP in Scotland, presumably because the clubs don't want it. Rod mentioned years ago that there were plans to bring it in, but there doesn't seem to be the appetite for it.Quote:
Originally Posted by RyeSloan
Stating the bleedin’ obvious with yer first sentence there Crops ;-).Quote:
Originally Posted by CropleyWasGod
Sorry, just saying that as a lot of people seem to think it's the SFA's call.Quote:
Originally Posted by RyeSloan
There could be a spin-off series.
The Easdale brothers, last seen in Season 3, are reported to be in for Derby County.
Had forgotten about them! Another pair of comedians who have off the radar wealth?Quote:
Originally Posted by CropleyWasGod
UEFA licensing rules apply to the SPFL (or any clubs who participate in UEFA competitions)?Quote:
Originally Posted by CropleyWasGod
Whether it works correctly is a separate question.
A bit like their first saviours White and Cheeky Charlie Green, immeasurable wealth, so immeasurable that no one bothered to measure it.Quote:
Originally Posted by Iain G
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Quote:
Originally Posted by CropleyWasGod
Is that the gangster like bus company owners that used to burn down rival bus depots (allegedly)?
Notice in the papers something about King charging massive interest on his loan. Anyone know anything about this?