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.
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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
These have been out for a while.Quote:
Originally Posted by HoboHarry
There are 6-monthly accounts due, IIRC.
Even though the first page shows a date stamp of March 31st?Quote:
Originally Posted by CropleyWasGod
We're talking about 2 different things, I think.Quote:
Originally Posted by HoboHarry
The ones you posted are for the football club. The ones with the share issue etc are for Rangers International, which will give a better overall picture. It's the latter that are due to publish 6 monthly accounts.
Ah right, serves me right for commenting on things I don't understand. I'll get back to Autocad presently...... :greengrinQuote:
Originally Posted by CropleyWasGod
Scool. They boozle the bam out of me sometimes, too :greengrinQuote:
Originally Posted by HoboHarry
Was that not the accounts to 30 June 2022. If they have issues with their finances they may not publish a 6 month accounts. Hope they go bust again, they will only have themselves to blame.Quote:
Originally Posted by HoboHarry
Not an expert in PLC's, but I'm pretty sure they have to.Quote:
Originally Posted by gbhibby
I get childishly excited when I see this thread at the top of the page again. Sadly there are too many very rich huns that means they'll probably never die completely. They are light years behind celtic on and off the park though. I'm not sure they'll ever catch up. They chucked every available penny at stopping 10 in a row failing to grasp that all they've done is leave it at 1 league win in 11 years, might even get to 1 in 20 years or more. Anyway **** them, in a fair world they would disappear and never been seen again
The bit that I don't get is why people who were clever and astute enough to become super wealthy are then prepared to throw away good money chasing bad trying to keep that mob afloat. Seems to be that liking that mob activates the reckless button in their collective heads. As wildly reckless with money as Sevco have shown themselves to be, those super wealthy types aren't going to make vast fortunes from a football team in Scotland and they must know that from the start.Quote:
Originally Posted by weecounty hibby
Should they not be relatively cash rich at this stage of the season though? Going by those accounts, the money coming through the turnstiles is still a huge proportion of their income - and much of that will be via season tickets, a high proportion of which they’ll have already received the cash for.
If they’re needing to raise cash in this way at this stage then surely that’s concerning for them?
In that they’re surely only another early European exit away from being in big trouble? (They’ve raised a good few quid via some very respectable European performances under Gerrard and GVB).
They’re just doing the “for every fiver, we’ll spend a tenner” thing again, but being less blatant about where they get the money from.
And it’s also not working.
Obviously I'm not in the know but everything about this smacks of them being in financial **** street. The fact that Ross Wilson and the Supreme Leader Douglas Park both bolted within a week does (I hope) mean that they know what's coming down the pike. Hopefully they are again in breach of the FSR and are close to being banned from Europe. Hell mend them, I hope they go bust. Again.Quote:
Originally Posted by Smartie
Pretty much. They're follow following the same gamblers strategy Whyte etc tried. They also lack assets to sell and the ones they do have are either too old or out of contract soon. None of this matters to the bigoted press though. Ra Ranjurs have a right to avoid Fiscal fair play all in the name of keeping the sectarian gravy train running. They're like Hearts more obsessed with the opposition rather than their own club. If they had built the newco back up with youth and accepted Celtic are a bigger and better run football club then they might have been in a position to put in a longer term challenge by now/Instead they gave Stevie G(friend of the Kinahans) carte blanch to spend on utter pish. It was miraculous how he got a bunch of well in to their 30s footballers running around like Russians at the 2018 world cup.Quote:
Originally Posted by Smartie
Do you think any of these Rangers directors are buying these at this price, so when it’s eventually sold they’ll make a small fortune on their shares?
Or are they only keeping The Rangers alive
None of them are getting their money back, looks to me that they are simply keeping the lights on at this point.Quote:
Originally Posted by Billy Whizz
Probably why Park has walked way! He has ploughed through a fair amount of cash and will now be thinking its time some other of the brethren dig deep.Quote:
Originally Posted by HoboHarry
Or he's looked up and noticed the FSR train headlights heading towards them. I hope so anyway.Quote:
Originally Posted by weecounty hibby
Fingers crossedQuote:
Originally Posted by HoboHarry
Ok, but I thought a few of them got money back in the last year or soQuote:
Originally Posted by HoboHarry
Not sure there were were a few but I could be wrong on that. The Lying King certainly had a loan repaid but it was reported that he had threatened them with legal action. Probably a share issue that paid for that lol.....Quote:
Originally Posted by Billy Whizz
BREAKING: Rangers multi-million court case over Hummel kit deal goes ahead as Elite administrators confirm action WILL proceed
thescottishsun.co.uk/sport/football…
Hurrah. Could this see them losing even more money? 🤞🤞🤞Quote:
Originally Posted by 04Sauzee
Probably explains the latest share nonsense earlier in the week. Just guessing though obviously!Quote:
Originally Posted by weecounty hibby
I read that as administration will proceed, a little wee came out in excitement. :greengrinQuote:
Originally Posted by 04Sauzee
The share issue was probably too small to be a factor but it might explain why Supreme Leader Park bolted so abruptly.Quote:
Originally Posted by JohnM1875
That link is taking me to a story about Michael Beale so here's another link...Quote:
Originally Posted by 04Sauzee
https://www.thescottishsun.co.uk/spo...ators-castore/
Seeing as we're just talking abut money, I thought I'd get a bit of actual football in by re-posting this lovely wee image...
Attachment 26674
:greengrin
Good riddance, another dinosaur gone
https://www.heraldscotland.com/sport...appointed-ceo/
That is a monumental decision and I'm going to say again that there is something seriously afoot at Sevco. Whatever I or anyone else think of them, he was probably the most sensible head in their boardroom and within a month they've lost their Chairman, managing director and DOF. They are bailing out before the **** really hits the fan IMHO. **** them and I hope they go bust.Quote:
Originally Posted by Billy Whizz
There’s a lot written about Rangers but my feelings could be perfectly summed up by your last sentence.Quote:
Originally Posted by HoboHarry
Their man on the inside at the SPFL Board during the (non) smoking gun dossier period.Quote:
Originally Posted by Billy Whizz
Do they still have the ex DUP bigot working for them? The orange order must be loaded as they're being bussed into Scotland regularly for marches. Since 2014 there's been a huge surge in marches. Someone's money is paying for that. Maybe Rangers can get some of that leftover dirty Russian money from Brexit campaigning. I'd love to see them go tits up again.
Quote:
Originally Posted by Torto7
30 this summer in Glasgow sure i read
Anyone know how many on average before 2014?Quote:
Originally Posted by cabbageandribs1875
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The bootlickers bootleg.
https://twitter.com/RangersFC/status...FOzKcG7UQ&s=19
CringeQuote:
Originally Posted by Chorley Hibee
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They truly are an odd breed. If not sick.Quote:
Originally Posted by Chorley Hibee
I think they're probably quite aware of the reaction the stuff they do receives and they thrive on it.Quote:
Originally Posted by HarpOnHibee
The reaction to them releasing a coronation whiskey has received so much social media attention. Job done.
Then the zombies buy it because of the backlash. Easy money
Nah. The majority are as thick as pig****.Quote:
Originally Posted by JohnM1875
https://www.thex55experience.com/
Gutted I missed out on the X55 Experience today. Spending the day eating pakora with Lana Wolf on a bus.
Attachment 26712
Hope the face painter demanded payment up front.Quote:
Originally Posted by Lendo
I hope the face painter has been paid this time...Quote:
Originally Posted by Lendo
"all the classics"
Is this part of the Dutch heritage thing?Quote:
Originally Posted by Lendo
https://en.wikipedia.org/wiki/Lana_Wolf
Please tell me this is a wind-upQuote:
Originally Posted by Lendo
£55 and sold out😂
I'm lead to believe that she is an "adult entertainer"! 😳Quote:
Originally Posted by MGmick
She’s some sort of OnlyFans girl that specialises in chasing the much vaunted ‘blue’ or ‘staunch’ pound.Quote:
Originally Posted by MGmick
I find it funny when they is line dancing along a busy Glasgow street, not having a clue just how many laugh at them.
:greengrin
Why is it not the X1 experience.
X zero surely? The 55 refers to the former club championship achievement, no?Quote:
Originally Posted by gbhibby
Always assumed it was the average IQ... Every days a school day...! :wink::greengrinQuote:
Originally Posted by CentreLine
Too high...Quote:
Originally Posted by xyz23jc
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Quote:
Originally Posted by ScottB
A bit like Jane Park then ?
Bluer! 😉Quote:
Originally Posted by Betty Boop
Bunch of them wandered through Kelty last month, sure there must have been a reason beyond 'We're here & you can't stop us' but I'm unaware of any other reason for the march or indeed their existence.Quote:
Originally Posted by Torto7
Quote:
Originally Posted by Lendo
Can’t be real surely to ****, even just because the route makes no sense. Why would you go from Kirkintilloch to Larkhall to go into Glasgow? The other way round would make at least a bit of sense.Quote:
Originally Posted by Lendo
That Lana Wolf is barking anaw, would need to pay me £55 to be within 20 feet of her. Her fud probably smells like a 30 year old pair of sandals at this point
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I believe she's the dip for the pakora! 🤮Quote:
Originally Posted by ErinGoBraghHFC
They can`t even spell Ian Durrant`s name right : " The one and only Ian Durant " :greengrin
Maybe he's an impersonatorQuote:
Originally Posted by Feed McGraw
I expect this has been posted already but, how pathetic is that!
Attachment 26714
Yes, I Googled further. She looks like she sucks a lot of straws. 💋Quote:
Originally Posted by HUTCHYHIBBY
https://twitter.com/Record_Sport/sta...7Ctwgr%5Etweet
Rats deserting a sinking ship
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Quote:
Originally Posted by gbhibby
Just what is going on? It’s very odd for so many senior people to leave within a short space of time.
Possibly a take over but could also be the **** about to hit the fan with UEFA and the FSR regulations and they are getting the hell out of dodge rather than have families at risk. The Park resignation is the one that has me baffled.Quote:
Originally Posted by jacomo
Have Rangers become more “staunch” in current times than at any previous time in their history?
Yes, they had the sectarian signing policy from the 1930’s till the late 80’s, but it feels like the club is deliberately aligning itself with culture such as Royal adoration and Armed Forces Day in a manner that screams of trying a bit too hard.
The support base laps this stuff up, dutifully fall in line by forging their opinions on everything from the monarchy to political matters in the UK/Ireland and even the Middle East purely based on the club they support rather than as an individual thinker.
https://i.postimg.cc/43gJ4LTQ/D0-C02...CE1-EB09-F.jpg
They look like a club or institution, that know's their time is up. Still clinging on to the past. Plenty people round the world (soft loans) support their ideal but now they have stopped 10 in a row ( which i or anyone outside that pair and the media do not care about) is done, it will be very hard for them to attract investment (liquidation) because being so staunch is bad for business. Like White power in South Africa, it's over.
The rangers should be applauded at least for reducing the carbon foot print by releasing Morelos, he would have taken up 5 metres of material for his strips and training gear
Think a lot of directors put in loads of money to stop ten in a row they should have saved themselves some money when Lennon was announced but think they have been girning to get money back. Assume they have settled and now left the building.Quote:
Originally Posted by HoboHarry
No doubt about it. Triggered by their liquidation, independence vote and unscrupulous owners pandering to it like Green when he was there. They played Hearts in a game may have been rememberence day they honestly had a huge cannon at the side of the pitch and fired it when minute silence over. Very weirdQuote:
Originally Posted by Carheenlea
Reading the responses on this made me laughQuote:
Originally Posted by gbhibby
And the time they had armed forces members abseiling from the stadium roof to pitch side with a wreath, or the banner "william and kate, born to reign over us" after the parasite wedding, they're the kings of cringeQuote:
Originally Posted by JimBHibees
As per the poll, have a large number of people on this board really walk away from Scottish football over the hun re-launch?
Obviously not given our attendances.Quote:
Originally Posted by BS44
Might have been different had they been relaunched in the top league or the one below it, as had been mooted at the time.Quote:
Originally Posted by BS44
It's hard to argue that what happened wasn't probably the right outcome.
:tin hat:
Yes, absolutely. It's all they have to encourage ST renewals when they're a firm 2nd in a 2 horse race.Quote:
Originally Posted by Carheenlea
The poll was about the SPFL plan to get the New Huns starting in the top, or failing that 2nd, tier. Arguably them getting straight into the league at all was unfair, but up until very recently, Scottish football has always had pretty arbitrary criteria for that.Quote:
Originally Posted by BS44
https://www.instagram.com/p/CsEVVNbK...c4MTIwNjQ2YQ==
Ryan Porteous continuing to live rent free inside the Huns head by signing a deal as a brand Castore ambassador. Entire thread on it over on Follow Follow.
Rangers going to court again.
https://www.thescottishsun.co.uk/spo...ayments-court/
Got to say I'm with them this time :agree:Quote:
Originally Posted by 04Sauzee
I was at Ibrox for the Raith game, and the kiosk charged me for an order I didn't make. The price was £16.70 (ohhhh, if it had only been 20p more ....:greengrin)
I got the money back from the club no bother, without having to prove anything. I got the feeling they just wanted rid of "yet another complaint".