Not sure it's that much of a story.Quote:
Originally Posted by gbhibby
In cash terms, at best it's £1.93m. Not a lot in today's game.
However, I suspect it's (at least in part) another debt-for-equity swap. That way, FFP is kept at bay for now.
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Not sure it's that much of a story.Quote:
Originally Posted by gbhibby
In cash terms, at best it's £1.93m. Not a lot in today's game.
However, I suspect it's (at least in part) another debt-for-equity swap. That way, FFP is kept at bay for now.
Quote:
Originally Posted by LunasBoots
Other than wrecking the league’s relationship with its main sponsor, what did he achieve?
Noticed that Crops, I think they did the same last year as well.Quote:
Originally Posted by CropleyWasGod
I'm not up to date on all of this but I believe the FSR has superseded the old FFP and my understanding is that clubs are meant to live within their football income and share issues like this aren't included. This smacks of an emergency cash injection to me. They are on the FSR watchlist and I personally think Park is getting out while he can. We'll see, maybe I'm completely wrong (hopefully completely correct) but I just don't believe anything those tramps say and I also believe their must be a damn good reason for Park giving up his throne.Quote:
Originally Posted by CropleyWasGod
Their latest 6 monthly accounts are out shortly. That could help us understand.Quote:
Originally Posted by HoboHarry
I expect them to be pretty good, given the money from player sales. If they're not, then....:cb
If their accounts are healthy it seems a strange thing to do to dilute the value of the shares,Quote:
Originally Posted by CropleyWasGod
The SFA have responded to Rangers complaints about refereeing decisions following Saturdays game.
Is this normal practice?
https://www.footballscotland.co.uk/s...ponse-26668040
Did Entitled FC make a formal complaint, was it one of their crazy statements or some other method of saying "it isnae fair, we didnae win"?Quote:
Originally Posted by Carheenlea
Were they demanding that only Beaton and Walsh be allowed to officiate at all Sevco games?Quote:
Originally Posted by Carheenlea
Roasters doesn't cover it......
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https://www.bbc.co.uk/news/uk-scotland-65234008
They really are ****.
Chairman Douglas Park and Sporting Director Ross Wilson both bolted within a week and just around the time the accounts are due I believe. Hope the entire disgrace of an entity is about to go tits up.
I used to work with his wife. Really nice womanQuote:
Originally Posted by Lendo
BREAKING! Rangers issue 3 million new shares as Ibrox club create cash boost opportunity
bit.ly/3GTvZNK
Is this on top of the one from 2/3 weeks ago?Quote:
Originally Posted by 04Sauzee
If it is then I'd be willing to bet money it's to fill another financial hole. Hopefully they've attracted the attention of FSR (again) and they get banned from Europe next year.Quote:
Originally Posted by Billy Whizz
It is indeedQuote:
Originally Posted by Billy Whizz
I'm struggling to see anything other than they are living off fumes at this time. God I hope so.Quote:
Originally Posted by 04Sauzee
I wonder if they issue certificates and if its cash only 🤔
Like last time, the real crunch will come of they miss out on euro group stages.Quote:
Originally Posted by HoboHarry
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I prefer to hope that these confetti share issues puts them in further trouble with FSR and they are refused entry into European competition completely.Quote:
Originally Posted by Ozyhibby
Colin Beattie announced as their new FD!
Looked at Follow Follow and there are a number of their fans questioning what is going on with their club finances.
11+ years too late for the original club. Once bitten twice as stupid.Quote:
Originally Posted by gbhibby
If I was them I'd probably walk away again, and say that this latest version of their club isn't rangers any more either.Quote:
Originally Posted by gbhibby
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Whats CropleyWasGod take on this?
I wonder how much the had to pay to GVB and his management team when they sacked him, this could have been a big hit to monies made from Europe.
Whilst losing a manager in that way is costly and undesirable, I'd expect that it would probably be less significant for a club with Sevco's income and expenditure than it would for the likes of Hibs.Quote:
Originally Posted by gbhibby
I expect they've probably borrowed a shedload on their "way up" on the promise that those who lent would be paid back when they're winning the league, getting to the finals of European competitions etc, only for them to want to spend the money they've earned via those routes on better players instead of paying their due moneys. That leads to a position where you have more going out than coming in (again) and shortfalls in cash that can be plugged in creative ways that only certain clubs ever seem to be willing / able to do.
It's an investment for the future, they will soon be able to pay debts from the past.Quote:
Originally Posted by Billy Whizz
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I'm keeping my powder dry until the accounts come out. I am curious as to why there have been 2 (relatively minor) separate share issues in just a few weeks. Can't think why they weren't combined.Quote:
Originally Posted by gbhibby
Thought the accounts were out last week? I didn't read them (I wouldn't be able to understand them anyway :) ) but I thought I had read they were show a loss again?Quote:
Originally Posted by CropleyWasGod
Phil Mac provided a link to them last week...Quote:
Originally Posted by CropleyWasGod
https://philmacgiollabhain.ie/wp-con...MARCH-2023.pdf