Rangers Finances

 

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21 Feb 2018 20:39:32
Well fellow bears looks like Dk has lied to us again about just been the carpark put up for the 3million loan we got from close brothers Company house have just released full details they also have the rights to the big screens the Kitchens all PA systems and clubs wifi systems don't like what's going on we also require a million quid to get to end of season the if we didn't get the repairs done we where getting our safety certificate stopped WTF.

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18 Feb 2018 09:59:49
Fellow Blue Bears,

I am a season ticket holder and was my father and as was his father as is my son and also my grandson. Does this board we have in place actually think us fans are uneducated, gullible, or plain daft? I think a mixture of them all.

It makes me sick when I go to matches and we see the so called blazers looking down on us as if they are high and mighty and we are nothing but mere bits of dirt of the soles of their shoes.

I tried to say "Hello" the other night to one of our board members and he looked at me and my grandson with a dismissive look, I was not pleased at all.
It now makes me think that we are all been taking for fools. This is the biggest financial smoke screen at our club with the PR lies and fake transfer news that I have ever witnessed coming from our club.

I am sick of hearing we are building for the future, what are we building exactly?
Motherwell got a full new team at the start of the season and for a club with the finance they have they are doing pretty good.

Building for the future are we? A team made up mostly of loanees that go back to they parent clubs at the end of the season. People claiming we have a buy option? How on earth do they know that because it doesn't state anywhere we have buy options with the players we brought in January. We have brought in players tat could not get a game in poor teams in England.

Young cummings, if he goes on a roll and plays well. We will either have to pay 2-3 million for him or Notts Forrest will give him another chance.
We are screwed as we are going to need to build yet again at the start of next season.

We need to invest in good young players who we can keep at the club for a number of years. We have very few of them. As for the board, we are in a financial distress crisis and I just wish they would tell us the truth!

{Ed033's Note - You sound exactly like that Celtic supporter, Loan Ranger / Rodney Peckham.

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18 Feb 2018 12:05:40
I think the point being made by ed 33, is don't question anything about the board, their actions or their plans, it's not the rangers way.

Or that anyone who does has to be a Celtic fan in drag.

I know a lot of good rangers fans worried about the running of their club but are too scared to say anything or the bullies on social media will denounce them

Correct me if I'm wrong ed033.

{Ed033's Note - No, the point being made by me is that we have 1 or more posters on here who pretend to be Rangers supporters when they are in fact Celtic supporters.

18 Feb 2018 18:21:16
Roy slater's post doesn't sound like a wind up ed, he sounds like a genuine Rangers fan that hasn't been brainwashed by the current and ongoing bombardment of false positives coming from ibrox. And he would be spot on in my opinion. Got to doth your cap to him, he can see it for what it is. The sad truth is, he will be shot down by the believers.

{Ed033's Note - Roys Slater is a Celtic supporter

18 Feb 2018 18:12:11
@rs - so you are worried about the direction of our club because somebody never said Hello Hello back?
@10 - its a wee bit precious in nature if you are concerned what people you don't even know say about you on social media!

19 Feb 2018 00:26:04
Rodney Peckham? Roy Slater? What name will he hide behind next, Uncle Albert? Trigger Boycie? Just more nonsense from those so obsessed with our club it has taken over both their lives and their grip on reality.

19 Feb 2018 22:06:42
Sounds like Mr Slater is doing a poor job trying I sow division and confusion on behalf of a small section of paranoid and obsessed Celtic suppprts. Why don’t you focus on your team lad, you have a big game this week.

20 Feb 2018 17:56:35
"I am a season ticket holder and was my father and as was his father as is my son and also my grandson. "

Is this some kind of riddle?

20 Feb 2018 17:52:02
Roy slater? Rodney Peckham? lol think this nice but dhim has a fancy for only fools ed 33 he's clearly want to you lot bam bam makes you sick the amount of these imposters that are flooding our pages with there inane drivel.

{Ed033's Note - It's pretty sad pretending to be a Rangers fan.

21 Feb 2018 11:29:47
It's confirmed then Ed. Their obsession is so great they really want to be us! And Bhampot, the term is doff my cap, as I do to Roy Slater who wants so much to be a fan of The Famous!

{Ed033's Note - You might be correct Seeker

18 Feb 2018 08:15:30
With Edminston house now collateral for the banking facility does that mean king and co have no plans for it? I would love it to return to use as the ticket office. Also rumours of asbestos in it which may be why no one is touching it?

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18 Feb 2018 08:59:01
What type of asbestos would that be then? And if no one wants to touch edminston house why would the bank take it as collateral if it’s usless 😂

18 Feb 2018 12:08:44
Thetinman.

Should you not be asking why they need collateral as surety against a overdraft. sorry loan.

18 Feb 2018 13:03:46
Because someone made a arse of the Pedro debacle and his signings probably about £10mil a new manager will be coming in and he will want his own money to sign players hence the loan deals!

21 Feb 2018 08:27:58
@10 why did yous need collateral for your overdraft/ loan from the co-op bank?

17 Feb 2018 10:01:35
I don't believe rangers knocked back 11M I'm not that stupid for a Scottish club that's huge sums of money for one player .

5M believable
8M believable
10M could true
Over 10M + nah, it must be a PR stunt .

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17 Feb 2018 14:41:18
No a think there’s some truth in it and it will be a great bit of business by JJ and the back room team 👍

17 Feb 2018 17:46:28
I hope your right thetinman I really do that kind of money would massively help the summer budget.

15 Feb 2018 17:47:14
Why are so many keen to have Mike Ashley back at Rangers? The guys a parasite and is interested only in making money, look at the deal that he had us under! How can that be justified he was trying to bury the club not help us.

No chance in hell will dave king sell his shares to him or get into bed with the guy again so he can profit off the sale of rangers merchandise. New kit deal, open up rangers shops all over scotland again start the revenue streaming straight into the clubs bank accounts and not some fat greedy geezer.

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16 Feb 2018 10:46:46
I seem to remember a 'bunnett' appearing on the east end, and saying from the off that he wanted to make 40mill, and then he was out.
What's wrong with making money? It would surely mean we were being successful?

16 Feb 2018 15:07:14
Would love a "bunnet" at Rangers! He took flak for his biscut tin dealings but a very shrew and clever buisnessman!

18 Feb 2018 09:24:48
and that is the point calvin - he is a businessman.
Ashley might be a lot of things but he sees money-making opportunities which tie-in with his existing companies.
If he wants to be more involved then there is cash to be made. I am also sure he knows there is a need to invest first, (he will have done his homework)
Is he an asset grabber - my jury is out on that.
DK (imo) is a crook and a fraudster. He talks a lot of money but at the end of the day ensures HIS cash is not at risk. How he is still in charge is beyond me.

18 Feb 2018 10:25:53
The difference between Fergus McCann and Ashley related to business principles:

McCann laid out a recovery programme with set projected dates for his exit, with assured rewards for him, however a viable recovery programme was part of that exit strategy.

Ashley, however is not interested in the longevity of the products and companies he buys. Look at Newcastle United, has the potential to be a top 8 club, however Ashley refuses to invest, and in fact pockets for himself through not buying players

If he can turn a fast buck for himself he doesn't concern himself with the outcome for the product or service.

I'd further add, I don't actually believe Ashley is interested in buying Rangers lock stock and barrel but more interested in merchandise or the stadium name.

18 Feb 2018 12:05:28
If he saw it as such a wonderful money making opportunity why did he behave like he did? Why did he not notice the need to invest then? The TV money alone from being in the EPL dwarfs what he could make towing his jumble sale round Europe. The men in charge of every football club are all businessmen, they all try to avoid paying tax (some are better than others at that) and they all use any loophole they can find, yet DK is a 'crook' and a 'fraudster' in your opinion. IMO all businessmen are 'crooks' but Ashley is an evil corporate psychopath (there is plenty of evidence regarding his treatment of workers) who wil never be allowed to set foot in Ibrox.

19 Feb 2018 00:16:25
i do agree with everything you say Big Marv but you seem to think no ones going to let him back at Ibrox am sorry to say this but the only person that could potential put a stop to that is the majority share holder and that’s Dave king who is more friendly with Ashley than you think he is selling his shares and that is that as a keep saying give it a few months pal and you will see but please save your self the embarrassment as it’s going to happen.

15 Feb 2018 16:41:58
Just been reading the document at companies house about the asset finance we have in place with close bros. If we miss one payment they can sell Ibrox and Edmington House. What a joke!

goo.gl/F2ZgM

If this does not work go to companies house as the document is listed 13th Feb 2018.

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15 Feb 2018 17:12:17
Ibrox has nothing to do with deal. Edmiston House and cat park. Also standard to say they can sell something secured against loan look at any mortgage

16 Feb 2018 10:59:39
this deal the board have done is no diffrent from what was the previous regime done.
Why our board now deciding to go to a asset finacing company now to get a loan not a overdraft like they claim is a weird one.
the only reason i can see for this happning is that king has failed to produce the money that he promised and other board members have decided to stop bailing him out and called his bluff and this is the result of this happning.
The lack of scrutiny from the press is kind of weird to they where up in arms when ashley ect was doing this but hardly a peep from them this time

18 Feb 2018 09:26:06
old boys network craig

18 Feb 2018 12:18:05
Which 'old boys network' is this? If your referring to the Scottish media, regardless of how many 'friends' Jim Traynor has the red tops would take any opportunity to print a negative story about us. The fact that they are not doing this suggests that there is no story to spin. As it happens Password I've had the displeasure of meeting most of the sports desks in Scotland and you may be surprised but the majority have green leanings. Not that I'm crying conspiracy, I'll leave that to your lot.

14 Feb 2018 21:26:43
Read on a Celtic blog somebody shared on Facebook that the overdraft we recently organised is actually a loan. They say that documents class them as the lender and us as the borrower and that there is a fixed term. Wouldn't all this be in a fixed term overdraft anyway? I mean isn't an overdraft just a long term loan facility?

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14 Feb 2018 23:42:00
@marcoc - I would take anything the Begging Bowl Bloggers write with a pinch of salt. They'll write whatever there fellow fans want to hear so that they can fleece them out of there dough. And anyway how would they get hold of said documents?

15 Feb 2018 07:30:15
It a document lodged at company House UJ, wonder how the mad bloggers managed that.

15 Feb 2018 16:33:34
The documents are filed with companies house and make it very clear that it is a secured loan and not an overdraft. Anyone can access these documents.

15 Feb 2018 16:35:49
Fleece them you say UJ? Then what are club 18-30 doing, begging your gullibles for a fiver or what they can afford. Your board continue to lie in public to appease you. And yet all you can do is try and be the clown with the odd witty remark on these pages.

15 Feb 2018 16:39:57
@ isle of mull - I’ll have to bow to your superior knowledge of the financial sector. I didn’t realise that’s what happened.
I still stand by my statement about the Begging Bowl Bloggers!

15 Feb 2018 16:40:53
I don't believe a word this board says now. He said it was an overdraft- Reading this it isn't an overdraft- its a loan from a lender who deal with companies who have no credit and charge massive fees as there is a bigger chance that they will default. Its the same crowd we used before when and we all cracked up about using our property as collateral. No normal bank will touch us. We can't get unsecured loans so therefore its a lender that you don't really want to go with. As for Robertson it said in Record they came to us. Do we actually believe this. I love my team and don't want to go done the same road we have been before but its looking likely.

goo.gl/F2ZgM

15 Feb 2018 21:08:38
@bhampot - if my witty remarks fail at least I’ll still have you in my fan club. 😘
P. S. you’re 3 months overdue with your fan club membership fees. I need it pronto to pass on to Club1872 😂😂😂.

15 Feb 2018 21:22:19
Jeeze o they are all out tonight there must be a game on.

13 Feb 2018 18:34:42
Fellow bears. I am very worried.

Yes we beat the honest men 6-1 but come on let's get serious its bloody Ayr United!

The financial smell absolutely stinks to me. For starters there is no way we got offered that money for Morelos, no way on this planet, I think we were trying to engineer a team to come in for him because he is 3 million at the most. he has not scored against anyone of importance, he still has not scored again that lot across the city either. So he has valued 5 mil in 3/4 of a season scoring against Motherwell and the sheep. I doubt it.

Why on earth have we secured finance from the corporate payday loan company "Close Bros" absolute joke.

Mr King has not got two pennies to rub together and he has stated this to the Finance Authority.

Young Wilson is our best centre half and we could not offer him a contract on the same money. what's that about.

At the end of the season we will have about enough players to man a five a side team as all the loans were are away back to their parent clubs.

We are the "Loan Rangers" as stated by that Tim last week. We live on loans financially and we play a team full of loan players.

I won't be back till this mess is sorted out!

oh and I was told from a good source within Murray Park our players had to pay for their own flights to go on pre season and claim it back of the tax, what the hell is that all about!

{Ed033's Note - Is it something to do with you being Rodney Peckham, the Loan Ranger Celtic supporter who pretends to be a Rangers fan and posts negative stuff about Rangers?

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13 Feb 2018 19:37:44
Well ousted ed!
The fact trigger sat and thought out those paragraphs before typing them is indeed worrying, uncle Albert wid be rolling in his grave! Anyone like to chip in for an only fools boxset for this fool to get his mind of the famous Glasgow Rangers?
Obsessed much trigger?

14 Feb 2018 01:09:14
So, someone on here takes their head out of the sand and talks some sense re our finances. Must be Timothy eh? Timmy or not, he's spot on in his assessment. Stevie Wonder can see the mess we're in. It's high time we found out what the hell is going on!

14 Feb 2018 07:27:05
Ed there is some truth in the first post, but an agent of the other side for sure. I post what I believe to be the truth as it effects the team I love not to be controversial and seek attention but to highlight the danger that to me are not far from our door.

{Ed033's Note - no doubt there is truth within the post.

14 Feb 2018 23:39:03
Guys, you are in the Rodney Peckham up to your necks with a PR lot that are making you season ticket holders look like loan Rangers.

14 Feb 2018 23:45:39
@isleofmull - he's made 9 points and he's only telling the truth in 2 of them. He got the Ayr result correct and I've no doubt whatsoever ' he won't be back '!

14 Feb 2018 23:52:39
I don't trust this board at the moment- As i said before we are not living within our means. Havent we learned lessons of the last time.

15 Feb 2018 16:42:28
Haven't the mhanks got same amount of loan players as us just now? Musonda, roberts, edouard, bain etc

15 Feb 2018 21:10:45
@kendo316 - it’s a fact that Celtic have had more loan players over the last 5 seasons than all other clubs in the SPFL combined😱

18 Feb 2018 10:25:25
UJ, they may have more loan players which, if I am not mistaken, is within the rules of the game and any club can do the same. However, they do not seem to be in the same financial mess we see here and have bank overdraft facilities etc. etc. (let's not forget that it's the events of 2012 which have allowed them to be in this position).

The SPFL is not an attractive league which attracts big money advertising and tv rights so they are being financially smart prudent with their resources.

13 Feb 2018 13:30:23
Ashley chance of majority needs other directors folding or at very least selling. to him and don't think this will happen.

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12 Feb 2018 12:49:17
This out of Ashley's hands. He only makes money if strips sell and if Gers fans continue to refuse to buy from him he will lose money

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12 Feb 2018 20:31:17
Want to remind us what happened in June last year

13 Feb 2018 12:46:53
He still gets money from us as he has shares in Puma

13 Feb 2018 14:44:45
He can have shares in puma all he wants but if we go to Adidas Nike etc he can’t have a share can he?

13 Feb 2018 18:30:24
SD are still our distributor. Nothing has changed on that front. You are free to renegotiate at the end of the season I believe.

 


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