So what is their total current debt accumulated over the 12 years they've been in existence? Need CWG here to give some detail...
Printable View
So what is their total current debt accumulated over the 12 years they've been in existence? Need CWG here to give some detail...
Apparently;Quote:
Originally Posted by HoboHarry
'The Rangers' losses by the season:
2012-13 - £14m
2013-14 - £8.1m
2014-15 - £7.5m
2015-16 - £3.3m
2016-17 - £6.7m
2017-18 - £14.3m
2018-19 - £11.3m
2019-20 - £15.9m
2020-21 - £23.5m
2021-22 - £0.9m
2022-23 - £4.14m
2023-24 - £17.17m'
So £126.81 million. Absolutely insane for a 12 year old club.
£126m since 2012, source poster on twitterQuote:
Originally Posted by HoboHarry
Does it say what their current debt is though on their balance sheet?Quote:
Originally Posted by JohnM1875
Sent from my iPhone using Tapatalk
https://uploads.tapatalk-cdn.com/202...8471fff9a4.png
I see they have changed from the ‘most’ successful to ‘one of’ in anticipation of Celtic pulling ahead of them this season.[emoji23]
Sent from my iPhone using Tapatalk
In June last year, Barcelona had combined 'liabilities' (i.e. debts) of €2.7bn.
Compared to that, The Rangers' debts are at diddy-club level.
That’s some hit their board have taken in the pocket trying to keep up with Celtc.Quote:
Originally Posted by Billy Whizz
ftfyQuote:
Originally Posted by bishop hibee
szxxQuote:
Originally Posted by JohnM1875
Why does the Record report refer to the year ended June 2023 when it’s clearly 2024?
Over on FollowFollow plenty of them are delighted at this great set of accounts. “Just need to sell one player like Butland for £17m and it’s all good”.
Quote:
Originally Posted by JohnM1875
When does rangers tax year end?
They’ve included the fee for using hampden, which was less than 2 months ago, normally you’d expect that to be in this year’s accounts wouldn’t you?
I'd bet a dollar to a doughnut that he has a release clause and it'll be a lot less than 17 million lol.Quote:
Originally Posted by Lendo
Think it’s the 30th June? Maybe had to make a payment in June, but you’d think a bigger hit will be in this years accountsQuote:
Originally Posted by McD
Quote:
Originally Posted by Billy Whizz
Yeah good shout, maybe an advance payment
He’s no worth that and I can’t see any Premier League club coming in for him never mind pay that money.Quote:
Originally Posted by HoboHarry
They helped pay for the newly laid turf at Hampden, to grow quickerQuote:
Originally Posted by McD
Maybe it was for that
A £17.2m loss despite:
- record core revenue
- record total income
- record commercial revenue.
Horrific set of figures…pleasing!
It also highlights the different world Scottish football is in. I’m sure on one of the football programmes I watched on Saturday they mentioned Brighton had spent £200m on players last year. Its just mental TBH.
Most of Europe are in a different world compared to the English Premier League when it comes to spending.Quote:
Originally Posted by Real Emerald
It's a(nother) pleasing loss for the Huns but caveats listed sit fairly close to home too.Quote:
Originally Posted by Fratelli
Getting to the stage when they won't be able to sack the manager as they would have to pay him off and take on another££££££££!!!!!
https://images.app.goo.gl/bmXMYYt8n7QSfdbu6
They are loosing over £1m per month. Wonder if the Easdale brothers will be back on the scene soon.
Sent from my SM-A127F using Tapatalk
As funny as it is. We are not really in a that fit a state to laugh at another teams accounts.
We're also burning money.
Kensell said the next set will be better but who would believe a word that leaves his mouth.
Rumours now that his lawyers are trying to get him off with drink driving as they are not happy about the test …Quote:
Originally Posted by Lendo
He’s also came out on twitter apparently stating he was involved in an unfortunate accident while on his way to training.
Quote:
Originally Posted by where'stheslope
Apparently still paying Beale AND von bronkhorst :tee hee:
Just put the accounts into chat gpt, here's the summary:
While the club has shown positive revenue growth and continues to attract financing, its substantial losses, high operating costs, and increased reliance on debt are concerning. The decline in profitability from player registrations and the growing negative balance in retained earnings further suggest a need for strategic realignment, possibly by controlling costs or revisiting the club’s player investment strategy. To ensure long-term financial stability, the club may need to adopt stricter cost controls, enhance operational efficiency, and reconsider its financing approach to avoid future liquidity issues.
Amazing how you can be that successful when the accounts say you've only been going since 2012. Top of page 29Quote:
Originally Posted by Ozyhibby
Attachment 28224
Most successful 12 year old club that used to be called Sevco but is now called the Rangers International, in the world?Quote:
Originally Posted by CyberSauzee
I don't think there's another one in the world with that name history, or the reasons for it.
Sent from my SM-A750FN using Tapatalk
That's as a result of tens of thousands of people who suddenly didn't have a team to support finding solace in a new team being formed with very similar names, colours, 'history', stadium and, most crucially, bigotry, to attach themselves to.Quote:
Originally Posted by Bostonhibby
Yep, if there wasn't some reincarnation of the now defunct Glasgow rangers for them to spew their nonsense about they'd probably have to extend the marching season to give them something to do!Quote:
Originally Posted by Moulin Yarns
Sent from my SM-A750FN using Tapatalk