Quote:
Originally Posted by jacomoseven
Ibrox payday today, last Thursday of the month.
First £70 k of season ticket money goes to pay the gardener.
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Quote:
Originally Posted by jacomoseven
Ibrox payday today, last Thursday of the month.
First £70 k of season ticket money goes to pay the gardener.
Ken. But they won't go bust before the summer ends.Quote:
Originally Posted by greenginger
On current form, though, they can't possibly last until the end of the season unless they sell out Ibrox or find some fresh investment from somewhere.
I can't believe that Warburton didn't seek assurances about this, but if King has the money why doesn't he just pay back the MASH loan? Doesn't make sense to me at all.
It's not really a question of who to believe though is it? If you choose to believe nothing then you are wasting your time reading anything at all. I prefer to read both sides, dismiss what I see as nonsense, add some common sense and logic and come to my own view of what is probably the truth. Just like is Phil is doing in fact if he does not have a source........ (though I think he probably does)Quote:
Originally Posted by AndyM_1875
All I can think is that if he pays back the 5 million he's still left with the problem of the disadvantageous retail contract. I presume he wants to renegotiate the whole relationship with Ashley. The threat of non-repayment of the loan, along with the bears refusal to buy merchandise, are the only bargaining tools he has.Quote:
Originally Posted by jacomoseven
Exactly the situation, despite talks of boycotts your average The Rangers supporter is too set in their ways not to continue to buy merchandise.Quote:
Originally Posted by Stonewall
Wouldn't surprise me if Ashley kept at this until at least the season started, when most merchandise sales were made by, and then came to an agreement which involved Rangers paying off the £5m and handing him another wedge to change the contract terms.
The present The Rangers board think they are oh so clever playing this game with Ashley, but he will be the only winner out of this, they will need to show something to the hordes to show their "power" but the real deal and the one they claim to have achieved will be light years apart.
A boycott does not affect Ashley as SD get paid by new Rangers for any unsold stock.Quote:
Originally Posted by BSEJVT
I don't think Ashley will concede an inch.
I said believe neither, not believe nothing. My approach isn't very different from yours. I'll no more believe anything he says than what is rightly referred to on here as "Level5's propaganda of shiny happy stories from Ibrox".Quote:
Originally Posted by HoboHarry
Any story concerning Rangers is to be approached with bull*** detectors on full power regardless of who it's coming from. But I won't apologise for refusing to take as fact anything Phil says because he is an tedious axe grinder, occasional bigot, atrocious writer and basically a complete fanny. If he told me it was raining I'd go outside just to check.
Just a guess, but if he wanted to renegotiate terms with Ashley, maybe King shouldn't have been a pr*** about chucking Ashley's men off the Board?Quote:
Originally Posted by Stonewall
2 things about Ashley - he's massively wealthy, and he doesn't seem bothered by public opinion. I think King's chances of renegotiating are somewhere between zip and none.
Love reading Phil's stuff and love somebody posting it on here as it always makes me chuckle that andy M 1875 can't let it pass without comment. When Phil gets something right it just makes andy even more furious ha ha.
Only teasing Andy ;-)
A neat summary. :top marksQuote:
Originally Posted by Ozyhibby
Is King in Handcuffs at this meeting? Thats a caption competition photo if every I have seen one :greengrinQuote:
Originally Posted by greenginger
There is still somethign about Richard Gough that annoys me, even as a kid I didn't like him!
:fishin: :wink:Quote:
Originally Posted by Spike Mandela
Looks like Ian Cathro the wonder coach who quit Valencia ( according to the weegie rags ) to be available should Sevco require his genius has actually joined Mike Ashley's big team.
http://www.bbc.co.uk/sport/0/football/33243251
Could he be going to The Rangers on loan at Christmas?Quote:
Originally Posted by greenginger
They are going to be forced to rent him for £5m at the next transfer window but they will have to instantly loan him back to Newcastle. The team formerly known as Glasgow rangers will be paying his wages.Quote:
Originally Posted by greenginger
He probably failed the fat and protestant person test, or refused to take it.:greengrin
Did anyone hear Warburtons interview tonight? Jeez- 5 mins in the door & he's a true BS blue nose.. :rolleyes:
nope, but I did hear that the huns think he's the best thing since sliced breadQuote:
Originally Posted by Swedish hibee
So was Super Swally just toast now !Quote:
Originally Posted by monktonharp
Apparently the New Huns are on the verge of signing the new Dani Alves! :worried:
http://www.dailymail.co.uk/sport/foo...gers-move.html
Who's just been released by Donaster Rovers ... :aok:
Didn't we sign the new Roberto Carlos once?Quote:
Originally Posted by JeMeSouviens
No, it was the Gambian Roberto CarlosQuote:
Originally Posted by jacomoseven
:greengrin
"Reece Wabara compared to Barcelona star Dani Alves as defender nears Rangers move"Quote:
Originally Posted by JeMeSouviens
... ie he's pish compared to dani Alves :greengrin
@Kenny_Millar: Rangers to sign 18-year-old centre-back Tom Lang tomorrow on an initial year-long deal. Impressed on trial after leaving Birmingham City.
Looks like the new Rangers won't be splashing the big bucks.Quote:
Originally Posted by CallumLaidlaw
One wit on FF saying, I'm quite friendly with his sister, Shanga.:greengrinQuote:
Originally Posted by CallumLaidlaw
Development fees and Bosmans are about as much as I see them going. Warburton is either signing experienced over 30s or promising youngsters who have gone astray which is understandable.Quote:
Originally Posted by Ozyhibby
But every time though you think that sense & rational thought process might have descended on the bluenoses some absolute zoomers come out and start droning on about "warchests" and "Dave King and his wealth" and the like. Too many of them still don't get it.
Has this guy Warburton got a thing about centre halves?Quote:
Originally Posted by CallumLaidlaw
Aye, new the rangers free-flowing football. Direct from Harry Potter school of 4-6-0.Quote:
Originally Posted by ancient hibee
@HFCTransferNews: Hibs also looking at former @swfc and Motherwell midfielder Giles Coke, who is a free agent after leaving the owls at the end of the season.
Not to be sniffed at 😏
They haven't got any money to spend...and yes spot on the Hun hordes still don't get what is actually going on..Quote:
Originally Posted by AndyM_1875
http://m.scotsman.com/sport/football...lang-1-3817342
If this was 12 months ago, when we were in their position (new boss, new to Scottish management, lost half a team, needing to fill positions) and if we'd have signed these two guys plus the "failed medical" recently relegated Irish guy from Wigan, I'd have been doing my nut about lack of ambition , lack of reality check from the manager,lack of understanding about the challenge.
Danny Wilson might be wondering what he has got himself into
I've heard he's a right bubbly character in the dressing room........Stubbs will be fizzing mad if we miss out on him. (It's the heat guys)Quote:
Originally Posted by IanM
Quote:
Originally Posted by CallumLaidlaw
And already trying to impress their 'Brains Trust' support -
https://mobile.twitter.com/TomLang05
Absolutely delighted to announce I have signed for @RangersFC today. A dream come true for me and my family. #WATP 💙🇬🇧
What does WATP mean? Should it not be WASP if he want to ingratiate himself?Quote:
Originally Posted by Deansy
http://www.dailyrecord.co.uk/sport/f...g-shot-5982465
:tee hee::tee hee:
The only people he'll be getting thank you's from for his performances for Rangers are the opposition :agree:
Must be short of painters down southQuote:
Originally Posted by CallumLaidlaw
Its that song we sing every time we pump them at ibrox ;)Quote:
Originally Posted by PatHead
Quote:
Originally Posted by PatHead
What a total p***k?
We Avoided The Premiership. :lolrangers:Quote:
Originally Posted by PatHead
I see they've sold 21,500 season tickets so far
Most fans I have spoken to reckon they are banking on having over 30 ,000 season ticket holders so guess they are possibly on target for about thatQuote:
Originally Posted by Billy Whizz
Any idea how many they had last season?Quote:
Originally Posted by Ronniekirk
About that last season. It's not enough to run them all season.Quote:
Originally Posted by Billy Whizz
Even 35,000 only gives them over £10 million or so. What were their outgoings in the last set of accounts?Quote:
Originally Posted by Ozyhibby
About £16mQuote:
Originally Posted by Billy Whizz
Quote:
Originally Posted by Springbank
he probably has 8,000 reasons for not giving a stuff surely
Quote:
Originally Posted by PatHead
'We'll Achieve Third Probably'
Quote:
Originally Posted by Billy Whizz
What a differerence having 'NO MONEY' makes, eh -during their 'EBT Years' (Cheating), they boasted about the 'X-amount of years Waiting-list for X-amount of fans' for their season-tickets and 'LOYAL' was the buzz-word !. But now, due to a shortage of cash/titles/trophies, there doesn't seem to be quite the same appetite to support (by my reckoning at least a 50% drop !) 'The world's most successful football club' that they like to brag about despite every man and his dog knowing exactly HOW at least 10 of their titles were 'won' ??.
I wouldn't believe a single thing they say.Quote:
Originally Posted by Billy Whizz
Weren't actually tax payers? :dunno:Quote:
Originally Posted by PatHead
Want Allan Transfered Please :rolleyes: :na na:Quote:
Originally Posted by PatHead
These puns have gone flat.Quote:
Originally Posted by Biggie
Quote:
Originally Posted by Billy Whizz
IIRC, it was around 28,000.
The hun next door told me they had only sold 18000 so far. Sounds like King's boycott is still working.Quote:
Originally Posted by keekaboo
As of Dec 31 2014, they had 24,589, they might've sold a few more half seasons.Quote:
Originally Posted by Billy Whizz
So taking the 21500 at face value (and remember it's coming via Fat Slug Traynor's PR firm and they don't have a stock exchange to report the truth to any more), they've lost about 15% of their core support. They might get a few more boycotters returning but I think they're probably looking at the 25-30k range, well short of the laughable 45k target. :aok:
Their cost base is still enormous too!
Surely some pedant can go onto the Season ticket website and count the dots.
21000 season tickets will only be about £6m. Well short of the type of revenue they need.
And remember, this is their only source of income.
All the other normal income streams have been sold.
I think their season tickets have still to go on open sale so how many they will sell is an unknown quantity. If the figure is below 45k, King has said he will make up the shortfall. 'Money where mouth is' time is looming for their saviour.Quote:
Originally Posted by Ozyhibby
"We Are Total Pish"Quote:
Originally Posted by PatHead
Think it's 21,000 renewals. Would imagine they'll shift a wedge more though. Would imagine this is why they've been sluggish in the market for players.
No worries.... I've got this... :agree:Quote:
Originally Posted by greenginger
1, 2, 3, 4, 5, ......... 99, 100, 101, 102.......
..... 1875, 1876, 1877, 1878.....
20100, 20101.........
20179, 201 err 80.... 20081.... Ummm .... Sigh!
1, 2, 3, .........
I don't think they'll sell any more than 750 moreQuote:
Originally Posted by Antwerphibs
That's their max
King is learning (as perhaps rod did a few years ago) don't do things that drive fans away, however well intentioned you may be. Lots won't come back til there are players who excite you, but you can't afford those players with fewer season books.
I'm glad we've got leanne, Scott Allan, and the rest now
Unlike the Sevco, we are well worth watching!
They're going to need to shift a few more season tickets to pay their ex-players even more money for not playing for them.
Are there points deductions these day for wages breaches?Quote:
Originally Posted by Eyrie
I think so, so that could make it even more interesting :greengrinQuote:
Originally Posted by Ozyhibby
45k is pie in the sky, they got 38k in defiance when they were "reborn" in the third division, that figure decreased the following Season and last year they got 28k, 5k of that came in half Season tickets at XmasQuote:
Originally Posted by Jim44
I do think they'll hit 28-30k but not much more than that and while it'll be a damn site more than all but about 10/11 clubs in Britain it will not be enough to make them financially viable, money the board will need to put in will be for the upkeep of the Football Club, not the first team....well that's of course if they replicate last Seasons wage budget which I do expect them to do
@newsundayherald: Deloitte quits as Rangers auditor over 'threats' to staff
Full story in tomorrow's paper
I think the judge will rule that were on holiday all year round when he watches the video evidence. :agree:Quote:
Originally Posted by Eyrie
Quote:
Originally Posted by CallumLaidlaw
http://www.heraldscotland.com/news/h...taff.131035916
The story does not have much detail as to what the threats were about .
Anyone care to copy the article?Quote:
Originally Posted by greenginger
"DELOITTE have quit as auditors of financially troubled Rangers after staff received threatening and intimidating messages over a two year period.Quote:
Originally Posted by grunt
In a letter distributed to Rangers International Football Club plc shareholders, Deloitte say the messages came from "anonymous third party sources" during 2013 and 2014.
In a separate letter to shareholders James Blair, the RIFC company secretary said: "The board is disappointed that Deloitte has chosen to resign due to acts which occurred in 2013 and 2014 whilst RIFC was under different stewardship."
South African businessman Dave King and allies took control of the RIFC board from allies of Sports Direct tycoon Mike Ashley in a shareholders vote at an extraordinary general meeting on March 6.
The Deloitte letter dated June 19 states: "We have decided that we no longer wish to carry on as auditor to the company.
"During the period of our audit appointment in 2013 and 2014, members of our engagement team and other Deloitte partners unconnected with the audit received threatening or intimidating messages from anonymous third party sources.
"The safety and wellbeing of our staff is of paramount importance, and they should not be subject to this treatment when undertaking their normal professional duties. Accordingly we are resigning as auditors to Rangers International Football Club plc."
Blair told shareholders there had been "positive discussions" ongoing with "alternative auditors" and that an announcement on an appointment will be made "in the near future".
The announcement to shareholders comes three months after the latest half-yearly RIFC accounts said that the Rangers holding company had appointed London-based accountants Jeffreys Henry to act as independent reporting accountants after discovering Deloitte had announced an "intention to resign" following the June 2014 audit.
Acting chairman Paul Murray said at the time that the previous board "chose not to announce this nor did they find a replacement".
At the time the board said it would make "a further announcement on this subject once we have found a replacement firm for Deloitte".
The board said the financial statement made for the six month period to December 31 2014 was made on a "going concern basis", saying it was investigating a "number of options" for future finance and had identified a number of potential investors.
Then, Jeffreys Henry said there remains "the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern".
The board also said it was continuing to investigate options regarding replacing the nominated adviser, which acts as a stock market regulator.
It came after Manchester-based WH Ireland quit as the club's stock market nominated adviser (Nomad). That led to shares in the holding company Rangers International Football Club plc being suspended from trading on the Aim stock market on March 4.
RIFC are still trying to find an alternative trading platform for shareholders. Deloitte were unavailable for further comment."
:aok:
Thank you.Quote:
Originally Posted by FranckSuzy
The Rangers just get more and more embarrassing and we can all imagine what nature the threats were from the brave anonymous Rangers 'brown shirts ' were.Quote:
Originally Posted by greenginger
We don't need to imagine, their MO was the same in the old club and remains in the new club. These threats will have been of death and violence. It show that the hardcore of their fans are criminally minded, violent idiots.Quote:
Originally Posted by Spike Mandela
Quote:
Originally Posted by vince1973
Deloittes also audit a couple of animal testing labs and fracking outfits so I don't think a few threats from deluded keyboard warriors will be enough to scare them off.
Presumably the threats stopped when the real Rangers men took control.
Maybe its just a good excuse to sever ties with a basket case of an company.
If what you say is true, then Mike Ashley should be given an award for services to Scottish football.Quote:
Originally Posted by Ozyhibby
I didn't realise threatening, em accountants, was also in the finest traditions of this grand old (2yo) club! I wonder if Warburton's learned the words to Derry's Walls yet? Basket case doesn't even begin to describe this vile institution.Quote:
Originally Posted by greenginger
Not sure why threats stopped when the new board arrived. The WATP mentality is to threaten anyone who they feel is against them.Quote:
Originally Posted by greenginger
Deloitte were, IMO, not at all comfortable that The Rangers were trading whilst insolvent- and must have been dead keen to get away.
Sent from a phone
This would be the perfect moment for the fat gardener to reappearQuote:
Originally Posted by Cropley10
Just like when he said of the SPFL committee:
"we demand to know the names of those involved"
*when a rangers board member was present in the meeting
So now he can demand to know the names of the accountants
*who were appointed by the Rangers board
And the reason he should do this: tradition :)
Quote:
Originally Posted by brog
Derry's Walls :confused:
Is that the one that starts,
" The cry was no attenders " :greengrin
[emoji106] or was itQuote:
Originally Posted by greenginger
"The cry was tax offenders
Offended then they died"
The Council also used them to consult on the massive cuts they will be making.Quote:
Originally Posted by greenginger
The latest HMRC appeal against the big tax case is scheduled to start tomorrow.
Will that have any relevance to the new company?Quote:
Originally Posted by number9dream
No.Quote:
Originally Posted by bingo70
It may do.Quote:
Originally Posted by bingo70
If HMRC lose the case, there will be more money available to the other creditors....... of whom DK is one. :cb
And if hmrc win the case?Quote:
Originally Posted by CropleyWasGod
There will be less? :greengrinQuote:
Originally Posted by Billy Whizz
Quote:
Originally Posted by Cropley10
Probably because they had a new spawn of satan to concentrate their righteous ire on in Mike Ashley. Bit of an overtax of the grey matter if they have to split their attention.
So given that DK is not backing Sevco with his own money (at least not in any real quantity) could this have been his motivation to gain control? Will it help him get some of his money back if Hector loses?Quote:
Originally Posted by CropleyWasGod
He, and Sevco, have no influence on the HMRC case. It's irrelevant who is in control.Quote:
Originally Posted by HoboHarry
It's in his interests, as I say, for HMRC to lose. He may be banking on that, to enable him to put cash into the club.
I'm willing to bet you a bottle of fine white wine that he will not be putting any substantial amount of his own money into Sevco whether he gets some of it back or not........Quote:
Originally Posted by CropleyWasGod
Is he likely to benefit to the tune of a few million or more then? I didn't think the numbers at stake - should HMRC lose - were at anything like those levels.Quote:
Originally Posted by CropleyWasGod
He might do.Quote:
Originally Posted by tamig
At the moment, the dividend is 6/7 pence in the £, based on a distribution of £10m. So DK will get £1.2-1.4m.
HMRC's claim in the BTC is £72m.
So, if they lose, the pot increases 7-fold. Whether that means the dividend does is another matter.
So not a huge "windfall" in the bigger scheme of things - unless the dividend increases. Thanks for the info. Do you have a view as to how this appeal is likely to pan out?Quote:
Originally Posted by CropleyWasGod
Not really. Like a lot of these tax test-cases, it's gone beyond the letter or the spirit of the law, and is now about skilled lawyers splitting hairs about words and nuances.Quote:
Originally Posted by tamig
Quote:
Originally Posted by CropleyWasGod
Any idea who is paying for the skilled lawyers on the Rangers 1872 ( RIP ) side.
:agree: He's only got slightly more money than Potless PaulQuote:
Originally Posted by HoboHarry
BDO, hence the creditors.Quote:
Originally Posted by greenginger
Quote:
Originally Posted by CropleyWasGod
But is there money in the pot to the extent of another £72m regardless of the result?