Rangers Finances


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21 Apr 2018 20:05:09
Just a thought here but am sure the new kit deal is worth 3.5 million a year just what ave read online no sure the truth in it but a would like to see them yous 1.5 million a year and go secure a good manager even 2 million per year we still have season ticket sales and strip sales and maybe europe money to put into squad just a thought what's your opinions on that bears

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19 Apr 2018 08:04:33
3 year new kit deal worth upto 10 million a bit of good news at last.

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19 Apr 2018 23:58:16
I was told Hummel made yearly profits of less than £7m, yet they are now going to give us 15 months worth of overall profits to get us on board. So no under armour, Nike or Adidas. No distribution network, or shops to sell them. We will need to beg Ashley for his distribution network and shops and of course big Mike will take a pretty penny. At the end of the day are we better off? Remember we paid Ashley £3m to get out of the his deal, so the £10m is down to £7m over 3years

20 Apr 2018 10:14:10
Isle of Mull u are so negative. Three million came from last years accounts so ten million it is.

20 Apr 2018 13:51:24
@IoM - see you haven’t lost any of your negativity! Profit was based on a turnover of £100 million. And last time I looked SD wasn’t the only sports shop in the high street. 👍

20 Apr 2018 14:23:47
Presumably Mull, Hummel will be looking to increase their profits this year by investing in the supply of the Rangers kit, don’t think they are just giving it away! (I’ll take your word for it their profit was £7M 🤔

20 Apr 2018 20:56:41
Jboy did we spend £3m to get out the Ashley deal? If your answer is yes then surely you as a accountant must admit the deal is worth £7m. Again I'm being criticised for being negative but again I'm only telling the truth. Do you want me to to tell the board (like some) that the kit deal has been done and we are getting mega millions from ( insert Nike, Adidas, New Balance, under armour, have I missed any of the big hitters) on a 5 year deal.

UJ I concur with you that SD are not the only sports shop but they are a big player. Maybe you or jboy can put my mind at ease by telling me how we go about we sell our kit? . Distribution, warehouse and shops all cost money what's you expectations on the pence in the pound we can expect

20 Apr 2018 22:02:53
Isle of Mull fgs the 3 million was paid last year so the deal means ten million coming in from Hummel not seven.
King paid Ashley, Hummel don't need to pay Ashley
U don't need to be an accountant to do this sum my four year old grandson can do it.

20 Apr 2018 22:52:00
Think I will get a new accountant if you pay £3m to get out a deal to enter a new deal at £10m it £7m and if you can't see that think you should hand to pen to your grandson. Income £10m outgoings £3m ask your grandson the answer. Did think you would have had a answer to the distribution, storage, and shop problems jboy

21 Apr 2018 05:59:20
sports direct didn't make our kits. so we haven't paid 3m to move to hummel

puma paid us to make our kits now hummel are paying us. so its 10m

21 Apr 2018 07:06:02
I give up with the head in the sand mob

21 Apr 2018 11:08:50
Isle of Mull Ihow often do I need to say we paid Ashley last tears accounts yes if u want to play at sums it is 7 million, I assume u would prefer 7p in pound.
Also re warehouse etc why, stores buy from manufacturer then sell on. We don't need our own warehouse. Also no where have I read SD can't sell our tops just they get much less.
Watch and u will see strips selling like snow of a dyke. You seem to look for problems that are not there.

21 Apr 2018 14:44:58
So jboy how much to expect us to get in the pound after storage, distrubtion, and shop mark up?

21 Apr 2018 14:55:28
Sorry didn't read your post right jboy so explain why I (us) don't have to worry about the infrastructure of disturbtion, storage and shops. All we have are kit manufacturers, 100,000 units lying in Denmark. So are storage, distrubtion and shop cost how much do you think we will get pence in the pound.

21 Apr 2018 15:52:07
Isle of Mull like talking to a brick wall storage is not our problem it's Hummel Jezebel oh

18 Apr 2018 23:09:27
So it most definitely is hummel, who are taking over from puma, as the new kit manufacturers of rangers, starting from next season! The sun are reporting tonight, that rangers have signed a 3 year deal with danish sportswear manufacturers hummel, which is worth £10million over 3 years! That equates to £3.3million a season! This is very welcome and a good financial deal for rangers! Hope hummel have some cracking designs for our kits over the next 3 years!

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19 Apr 2018 07:59:18
Seems your was correct suoercoop after all make sure they eat humble pie mate

19 Apr 2018 10:10:24
where are we going to sell all the strips? Our superstores are not ours they are ashleys who is in with Puma.

19 Apr 2018 10:20:03
10 million over 3 year. Celtic got 30 million over 5. No wonder we are so far behind

19 Apr 2018 11:41:09
"Seems your was correct suoercoop after all make sure they eat humble pie mate"
I hope this was tongue in cheek.

19 Apr 2018 15:19:14
GERSGOVAN to be fair and as much as it pains me, Celtics brand is getting exposure all over europe at the moment, its only natural they are going to get top dollar - hopefully by the end of our 3 year deal we might be back in europe and able to negotiate a better deal, for the past few seasons we have been getting nothing from merchandise - so all of a sudden 10 million over 3 years sounds like a good injection of cash.

19 Apr 2018 19:43:37
obviously was sarcastic throw 100 Darts your bound to hit the bull eventually right .

20 Apr 2018 05:53:16
Supercooper remember and deduct the £3m to pay off Ashley, so that it down to £2.3m per year but with no distribution network, warehouse storage or shops to sell them in. That will soon eat into what remains

20 Apr 2018 11:23:54
Had a look at the other clubs Hummel supplies kits to. Not exactly the cream of Europe, infact most teams I haven't heard of.

Surely due to the amount of kits we traditionally sell (more than Celtic) the board could have come up with a better financial and more prestigious deal?

20 Apr 2018 13:52:00
@gersgovan - Celtic have CL exposure. So your point is invalid.

20 Apr 2018 13:53:08
@IoM - still more money than we currently make. It’s a start in the right direction to increase revenue.

15 Apr 2018 22:57:41
Couple of things I'd like to know is if the bored were unsure of giving the job full time to murty then why are they giving out new contracts to players? Declan John is ok but why is he getting a 5year deal that's a whopping contract for all we know a new manager could come in and have a left back in mind and not really want him then we are stuck with him and we already have enough of that going on with Halliday holt forrester its abit of a joke is strange way of doing it? Same with candidas.

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16 Apr 2018 10:03:51
It sells season tickets

18 Apr 2018 12:11:02
Our Director of Football, Mark Allen (55) decides who stays, who goes and who comes in! The current or any future manager will have to work with those players! Granted, any manager should be able to make recommendations!

I'm sure that is how coop would have responded.

18 Apr 2018 15:50:33
STYAB. I'm fine with DoF deciding re players with manager input.
We do need to look at more physical players to compete in Scotland. we r too small and easily bullied.
It's all right being Barcelona with small players but they have immense skill.

09 Apr 2018 20:23:07
Did anybody else get there letter in about there shares . If so in terminology I might understand and not this stock market drivel does it basically read we don't think it's a good idea you sell lol.

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10 Apr 2018 13:09:38
I'd say it's cleverly worded and infers do not sell at this low offer.

10 Apr 2018 19:16:11
Jboy why not sell at 20p, you said yourself they are at 27p but this will be diluted by 50% after the share issue?

10 Apr 2018 21:41:47

If the major shareholders like the easdales want to cash in then they can and make money on their gifted shares but it willl confirm that they never had any intention in investing in Rangers or doing the right thing by the club. Why not wait until the club gets through the share issue (s) and over number of years the share price increases now that we are free of the baggage of the past.

You are right that the shares will be diluted but we don. t want people who are investing to make money. There is no money to be made in football shares unless your name is Charles Green.

10 Apr 2018 22:22:15
Don't forget Mr Mc Coist too Mols

11 Apr 2018 00:03:03
Agreed. If he cashes in he will have lost what is left of his Rangers credibility. If he is any kind of man he would gift his shares to Club 1872.

11 Apr 2018 11:22:57
' If he is any kind of man he would gift his shares to Club 1872'.

Oh dear.

11 Apr 2018 11:25:02
Mols, do you understand what 'investing actually means?

It is not investing if you are not expecting to make a profit.

11 Apr 2018 12:00:29
MOLS are you sure you don’t want people who want to make money investing? That’s pretty much the idea of investing.

11 Apr 2018 17:46:30
I can guarantee that I shall be selling mine. This will be the last chance to minimize the loss. After completion they will be worth low single figures and the job is bust.

11 Apr 2018 19:39:05
That one certainly got a reaction. Clearly people who invest in shares expect to make a profit on them over the longterm. The distinction with McCoist is that he is not an investor as he was given his shares as part of his contractual arrangements when employed by Rangers.

In this regard he is not a normal investor and he is a fairly special case as he has a unique history with Rangers. Obviously he has the right to sell his shares and make a profit but it will sign seal and deliver him for many fans as an opportunist and his supposed loyalty to Rangers will be questioned

11 Apr 2018 21:41:48
The sensible move would be, sell now and buy back double if new share issue happens at half the price

12 Apr 2018 08:37:37
Jaj73, just to be further diluted down the line. Never get emotionally attached to any share, of course I can not offer advice, so all in my opinion.

12 Apr 2018 15:26:54
That’s true cuillin, but as a supporter your not buying the shares to make a profit, this way king takes the hit, they can then buy twice the number of shares for the same money, and all monies raised goes to the club

17 Apr 2018 10:45:53
The club pulled the rug from Ally so why should he be loyal?
Ally loved the club but taking off the blue specs, he back every rogue who came in. Ally has always been about Ally. Loved him as a player but when it came to management he overspent vital cash to get instant promotions and the fans loved it. It was great but (imo) it was about Ally looking good first and the club second. When it got down to having to prove it in Championship. he failed (even with more cash) - Love the player, no time for the manager
Guys, this thinking with the heart and not the head is why the continuing saga keeps going. The board and DK are banking on this and every season the supporters show their loyalty and are repaid with a kick in the teeth.
Once again its, share issues, season tickets, blah blah blah.

06 Apr 2018 17:30:25
Has king complied and issued a prospectus to buy. it's gone quiet on the shares front.

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06 Apr 2018 19:11:53
I'm sure you'll know as soon as he does, deadhead!

07 Apr 2018 13:22:59
@10dead - you mean to say he hasn't updated your good self or any of the Begging Bowl Bloggers with his latest plans? That's absolutely terrible! 😱😂😱

07 Apr 2018 13:32:24
He is probably waiting for the season book money to come in before he complies, seeing as he is penniless.

09 Apr 2018 18:54:37
Ten in a row, what is your obsession with a prospectus. King is not required to issue one as he is purchasing existing shares from shareholders.
He is required as per court instruction to issue a letter in respect of 65 percent of share he and the three bears don't own.

06 Apr 2018 08:05:09
Morning everyone let's hope for a strong finish to the season with everyone giving their all for every second they're on the pitch. What's the script with the sports direct contract? Are we done with them when the season finishes? Have we had a bigger cut of money from them yet as promised?

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03 Apr 2018 15:43:45
Should king and his brief now be brought up on charged of perjury. clearly incorrect statements were made to his lordship in the takeover panel case. Will it amount to perjury. it should.

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03 Apr 2018 18:26:28
A think you’ve been on the kestrel lager again lol 🍺

04 Apr 2018 09:28:20
@thetinman - reading your comments suggests 1 of 3 things:

1. You don't know what perjury means.

2. You don't remember Dave king 's lawyers telling the court that Dave was penniless and did not have access to the funds in his trusts.

3. Or you suffer from sevcosis.

My money is on the third option, although I wouldn't rule out the other two.

04 Apr 2018 10:50:29
I am just a rangers fc supporter who loves his team regardless but wouldn’t dream of going on to another teams sites but as we say it’s all about the rangers eh maybe you are suffering from Pacific shelf syndrome and have to daily be involved in everything we do I just don’t understand the obsession with our club maybe you could oblige me with an answer if you can take your eyes off the rangers news for a second 👀

04 Apr 2018 11:12:50
RodgersAtWork, your comments anytime i see them always suggests all three things, not one, but all three.

1. You are obsessed with all things Rangers, it consumes you, it always has and it always will.

2. You are eternally troubled by the fact that Rangers, (not sevco because they are not a football club), are the most successful team on this planet in terms of honours and that kills you, also links to my first point.

3. You pretend you know what you're talking about, but you know absolutely nothing, what you state is what you hope, that does not make it fact.

Also, with regard to Dave King's lawyers, again this shows you know absolutely nothing when it comes to business, King's lawyers claiming he is penniless allowed King to stall for time, that time has now passed and he is purchasing the shares. Or do you genuinely believe Dave King does not have a single penny? if you do trying to debate and reason with you is an absolute waste of time.

04 Apr 2018 14:33:17
@10dead - The Masonic hand will deal with it for a satisfactory outcome for all. 😂😉😂

04 Apr 2018 14:34:05
Which particular incorrect statement deadhead.

04 Apr 2018 14:53:33
Bearmode91. did kings team lie in court or not. simple question. if they did and were in knowledge about it then it was perjury. look up the definition in a book called The Dictionary.

In case you don't have one.

Breach of oath. the act of wilfully telling an untruth when on oath. falsely providing material to a solicitor or barrister to rely said information to court under your direction.

04 Apr 2018 14:56:39
@Bearmode - Dave King has not made any offer to purchase shares and yes I agree that he was stalling for time. That being said it does not change the fact that he and his lawyers lied to a judge, hence the reason the OP asked the question: "Should king and his brief now be brought up on charged of perjury. "

One thing I have noticed on here is very few people like to discuss things and use facts. Instead they prefer to through insults at anyone who challenges the factoids surrounding Rangers.

If you dispute things that I say then you should be specific and give reasons for why you disagree as I am more than happy to discuss things with you. I am also happy to provide references of where I get the information so you can verify for yourself.

04 Apr 2018 22:50:26
Bearmode, great diversionary response, are you a politician?, which one are you in the crowd?, the one that praises the emperor's new clothes?, or the one that sees the truth? .

05 Apr 2018 10:40:29
Bearmode and aindoh, well put, but I would not waste my time responding to the blinkered bhoys, who obviously don't have a clue about the mechanics of raising CASH, when it has been invested, e. g. in pension trusts. Trustees are appointed and they control the conditions to be able access the use of the fund, not DK or his family. All investments have conditions to be met before access can be attained. Thus, we have a situation where a wealthy man has no immediate access to cash. He is not penniless, merely has a short term problem, that in DK's case, would appear to be resolved. Re perjury, I'm afraid you have got that so wrong, as no lies were told, as is quite clear in the transcript.
The east-end boys should forget about big business and stick to messing about with their play-doh.

05 Apr 2018 12:35:25
@billyb - step for a hint. @aindoh is one of the unwashed! 👍

05 Apr 2018 19:17:52
Thanks UJ, I've lost track of the unwashed on here, and just remembered why I stopped posting. However, what aindoh said I would take as a compliment, because it takes me all my time not to post exactly what I think about them.

05 Apr 2018 23:31:31
@union jack, I thought my post was self explanatory, but then again I suppose you could have been one of the ones praising the emperor's New clothes, although I can't remember if you sing his praises or think he is a glib and shameless liar, or you might be one of the loyal and trusting sheep, who don't care either way.

06 Apr 2018 12:48:43
Sheep? Pot and kettle comes to mind.

07 Apr 2018 11:35:12
firstly, the so called trial was a hearing, civil at that. you don't s far as i know take oath in civil hearings.

03 Apr 2018 10:40:16
So bears here are a few questions for all you gloating about "big sponsorship deals" "big money from Canada" etc
How come the ONLY investment your club seems to have attracted is from Vaporised who's assets on their own balance sheet is £22k, do you all think the company will go all out and invest the whole twenty two thousands to buy you new players.
Let us turn to the King share offer.
King fought tooth and nail NOT to comply with the TAP ruling, WHY?
If, as all you bears say, shares are trading at 27p, even if King buys shares at 20p he is already 7p a share BETTER OFF.
Over to you bears to explain all this.

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03 Apr 2018 11:47:41
Timialoy, don’t you worry about us, we will be just fine.

04 Apr 2018 09:29:35
@timalloy - do you have any recollection of hearing similar words in 2012?

05 Apr 2018 16:39:34
Why not just concern yourself with your own club and get out more. Why do you care. I don't give a toss about your lot.

02 Apr 2018 21:31:53
It is quite a while since I submitted a post, but it is like a time warp, DK is still not the man to run our great club, but God help us if dm gets his grubby hands on our club again. I would take DK any day, against an east coast asset stripper.

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02 Apr 2018 22:25:45
You have nothing to worry about there then as I would assume David Murray was glad to get shot of Rangers.

02 Apr 2018 22:29:21
Welcome back billyb

03 Apr 2018 07:21:10
Good to hear from you Billy


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