:hahaha: The club reported a £14m operating loss for the 13 months to June after around £22m was raised in a share issue late last year. :clapper:
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:hahaha: The club reported a £14m operating loss for the 13 months to June after around £22m was raised in a share issue late last year. :clapper:
http://www.bbc.co.uk/sport/0/football/25423601
The current Rangers board has won enough support to remain in place, BBC Scotland has learned.
is this good/funny :greengrin
So without the share issue, they wouldve made a loss of 36 Million in 13 months?
:cb
No. The loss would have been the same. The share issue doesn't count as trading income.Quote:
Originally Posted by Callum_62
They just wouldn't have had it to lose in the first place. :na na:Quote:
Originally Posted by CropleyWasGod
Or they couldn't have signed players like Daly, Bell etc, if they didn't have the cashQuote:
Originally Posted by PatHead
So many questions from that link?Quote:
Originally Posted by Spike Mandela
Was the AGM outside? Why the pot plants etc to make it look like it was inside?
Did the requisitioners hold their own press conference afterwards?
94% wages to turnover. To win Div3. :crazy::faf:
Meet the New Huns, same as the Old Huns ...
And hopefully they're heading the same way.Quote:
Originally Posted by JeMeSouviens
Board election results not even close, even Brian Stockbridge managed 65%. Yet another humiliation for Paul Murray who could only muster 31%. He's more like Monty Python's Black Knight than a Blue Knight, "Just a flesh wound!". :greengrin
Sally can relax now because his cowardly way out of avoiding having to vote because he proxied his shares to some supporters club means his job is safe. His hero status among the braindead is still assured. They`re too thick to see the scam he`s pulled.
He wasn`t forced to pick a side meaning he can continue to draw his 800 000 grand a year.......until he and SevCo reach an agreement on his wage cut of course..:coffee:
Murray reminds me of Brian Dempsey, fans favourite until its time to pony up. Both trying to get a seat on the board by popularity rather than hard cash. McCann called Dempseys' bluff. Murray ripped to shreds by Spiers on Sportsound last night, oh the shame.
Seriously? That's "savaged by a dead sheep" territory.Quote:
Originally Posted by Treadstone
All current board re-elected but not one of the requisitioners voted on to the board. Surprised at that - Rangers fans are screaming corruption and most wanted the current board out.
Chat of boycotts, no more income etc - they'll be in admin again before the end of the season at this rate.
Still no news on who are behind Blue Pitch and Margarita.
No update on Fat Sally's alleged pay cut (when and by how much).
Some fans talking about a boycott. Sounds good to me
Used to be held on a temporary stage erected above the tunnel and the "shareholders" sat in the main stand. Looks very much like they did the same this year.Quote:
Originally Posted by jacomoseven
There was some chatter last night on Twitter etc that Sevco are preparing for admin.
@pmacgiollabhian: Hearing Admin could be on the way at Ibrox. By the way, I have a book out. #BuyIt
The second part about the book is a sarcastic reply to someone.
Various sources saying a couple of newspapers getting the legals sorted before printing the story.
Baited breath if true.
Would not surprise anyone as they have spent vast amount to get out of lower divisions. The question is how authorities allow this to happen again. It makes a mockery of rules and regulations oh wait they are the new firm so rules do not apply and Scottish football I dead without themQuote:
Originally Posted by green glory
@moo_gaby: Interesting txt received this morning after I put out a couple of calls re the furore about Sevco last night. Sevco were in touch with >
@moo_gaby: > SFA & SPFL on Friday asking their view on sanctions were they to go into administration! This has come from a very good source.
Nothing confirmed yet, but I'm on my hands and knees praying like my life depends on it. :-D
Quote:
Originally Posted by green glory
Is it the same 15 point penalty or more for a second offense ?
It would let them dump a lot of contracts Green and Co signed them up to and ditch a few redundant players and managers who are overpaid.
sally McCoist will keep the GFA right on what they can and can't do
Yams will have a keen interest in this, just in case it hits Sevco's promo to Div 1. Or maybe Billy Brown will petition the SFA to say New Huns have been punished enough :greengrinQuote:
Originally Posted by green glory
It's 25 points for a second offence within 5 years I think, but the first a administration happened before the SPFL came into being so another insolvency event might be counted as the first one under the new rules. Maybe that's why The Ranjurs would need to ask the SPFL for advice on the matter, assuming the rumour is true.Quote:
Originally Posted by greenginger
Not sure about the penalty this time, but as they are haemorrhaging cash at an unsustainable rate, with the ridiculous amount they're paying their 'stars' the prime reason for this. They need to find a way to cancel their contracts.Quote:
Originally Posted by greenginger
I sense a position where Rangers get far enough ahead of the Pars that they take the Admin 15 point deduction and still cruise up into the "Championship" ??
If true it would only be the first offence as they are a new club.
What would be the purpose for administration (ie who would they be looking to bump)?Quote:
Originally Posted by green glory
Could it possibly be leading to another liquidation? Is liquidation possibly viewed as a way to a means to losing all links to Green/Whyte (with court actions and counter claims bubbling away in the background)?
Good chance to test The Rainjurs then.Quote:
Originally Posted by Hibee87
"Are you still Rangers?"
"Yes"
"Right, there's a 25 point deduction"
"Erm we meant no"
They are not a new club in the eyes of the SFA though, as they allowed them to keep their footballing history .. which must surely include the administration event along with their titles.Quote:
Originally Posted by Hibee87
The only thing they were not allowed to keep was their SPL share, which is history for everyone as there is no longer an SPL.