Rangers Finances

 

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20 Jul 2017 14:54:09
Im sure that if King told Supporters that the only way to get rid of Ashley and out of the Conyract that had another 5-6yrs to run and it being reduced to just 1yr which meant the Club receiving a far better percentage of merchandise sales for that year, albeit the purchase of current stock would be under the original deal where the Club received pennies from every £10 or something ridiculous (cant remember) if that was passed on to us then we would have still bought the kit! All we were waiting for was the go-ahead from the Club!

Getting out that Contract was top of the list in terms of the Club having a fighting chance to compete financially. i'm sure King would have done this and not lie to fans just to get us to buy the tops.

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17 Jul 2017 13:54:51
Was reading Craig Whyte has now submitted a claim of 5 million pounds against oldco as he was cleared of any mis doings in court. I find it appalling how a guy who bought us for 1 pound and crippled us is now first in line for payment as he is the only secured creditor. Shocking! He has made 1.25 million a year for doing nothing!

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18 Jul 2017 21:47:38
A typically nonsensical story from the Scottish press.

13 Jul 2017 23:41:03
Heard from a neutral and reliable source tonight that the retail deal is still in place on the same terms as before! Apparently king needed Ashley to sell his shareholding to a "friendly " buyer in order to pass a motion for a new share offering at the next AGM. The money raised will be used to pay back the loans from board members who have funded the transfer activity. A modest interest rate will be charged. The trade off for Ashley selling his shares was that king pushed the button to get the bears buying merchandise again.

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14 Jul 2017 02:46:57
Not even a hint of truth in that. waste of time

14 Jul 2017 08:13:19
BR65, IF you know different, please enlighten us. For me something stinks, if we were now making money don't you think DK would be shouting it from the roof tops.
And talking of 'tops', shelves are empty and 8 weeks for a new batch?
Great deal, so we make NO money in probably the best period to sell i. e. before season kick off?

14 Jul 2017 12:27:13
bil72, all I kno9w is what Dave King told us recently - no inside info from me.

I choose to take him at his word rather than get involved in conspiracy theories

14 Jul 2017 16:06:45
We'll be able tell from next year's accounts if that's true. Why would Dave King do this knowing he'd be exposed. I smell shart

17 Jul 2017 10:10:07
"Why would Dave King do this knowing he'd be exposed. "

Are you thinking of the right Dave King?

09 Jul 2017 15:11:15
Does anyone actually know how much oldco actually owe?
The company is in liquidation but can be taken out of liquidation I believe

Can you imagine the reaction if a deal was struck with creditors including hmrc for the debt to be paid say over a 10 year period

Take oldco out of liquidation then sit back and watch half of Scottish football cry

A mental one I know but I wonder if it could be achieved

With the size of our support and with the help of some backers it could possibly happen.

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11 Jul 2017 17:17:02
Whatever they owe? Where is the money or assets to pay it off?

11 Jul 2017 20:39:58
My point was that oldco has NOT been liquidated its in liquidation so can still be taken out of it.
Dave King has talked about this in the past.

Deals can be made with HMRC at a much reduced rate (Just look at some of the huge deals made in the past)
All that has happened in the big tax case is that they have said tax would be due -Nothing illegal has happened (Unless I have missed something)

I wonder if its possible that oldco can be prevented from liquidation

13 Jul 2017 04:54:48
That's not going to happen would cost millions probably

13 Jul 2017 16:47:02
The liquidators have recovered around 35 million pounds so far. Mainly from suing the solicitors and previous administrators.

16 Jul 2017 09:55:55
Fraser52, yes you've missed something. Don't worry about it though, your cuckoo dreams sound like they're keeping you happy.

09 Jul 2017 11:50:38
Having read the club 1872 statement there is mention of a call for investigations into all other clubs over the past number of years
Are we able to have some of these issues listed on here?
I know of debt being written off etc and the obvious crimes at the manky mob but what are the others and are any being investigated just now?

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09 Jul 2017 12:35:59
An excellent statement.

06 Jul 2017 14:42:13
Celtic want a review of what Lord Nimmo smith said about no sporting advantage - a specialist in tax law. This makes no sense this goes against the tax law of the time. that's like driving down a street at 40 mph and because they change the law and reduce that road to a 20mph 2 years later your now liable what a an absolute shambles. This has gone beyond football we need to smash these persons!

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07 Jul 2017 08:15:49
every team in Scotland benefited from rangers through that period should they not be as guilty and pay back tv money etc

05 Jul 2017 16:17:14
HMRC won the Big tax case (BBC news) at the Supreme Court over use of EBTs. As the article states it's not expected to have any material or financial impact due to the club now being owned by a different company otherwise it could have further compounded a tough week after last nights shambles although you have to feel sorry for the creditors owed money.

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05 Jul 2017 10:18:21
An now the Supreme Court has ruled in favour of HMRC in the Big Tax case. Can anything else go wrong? I'm assuming that this has no bearing whatsover on the current Rangers FC?

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05 Jul 2017 09:57:16
Just watched the Supreme Court rulling re the tax case and the rfc 2012 appeal has been rejected.

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04 Jul 2017 21:34:54
Much as I've always thought the Pedro appointment was a strange one and that the guy has shown no tactical prowess since coming to Scotland I really didn't expect that humiliation tonight.

An absolute nightmare and tomorrow morning be prepared to see BDO's appeal thrown out by the Supreme Court, another cause of celebration for obsessive fans of many Scottish clubs who hate us.

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