Rangers Finances

 

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20 Jun 2018 12:22:47
Apparently the takeover panel were back in court on Tuesday. If King is found to be in contempt of court he may be barred from holding a directors position in the UK.

Agree4 Disagree7

20 Jun 2018 15:36:32
And that concerns us why? Exactly
The man is scum, forget him

22 Jun 2018 00:31:53
Can't stop him owning shares

22 Jun 2018 08:57:51
Don't worry about that he has it all under control like the promised share issue this month. That's what he told us at the arranged Monday press conference the one we thought was about new investment.

17 Jun 2018 20:43:57
I really believe that the corner has been turned with SG in charge and a balanced team shaping up. However, I cannot understand how we are funding the current investment. I do not believe that DK has the funds to sustain what we are doing, and would love to see clarity on our finances.

Agree2 Disagree11

17 Jun 2018 21:19:51
My mate who has contacts at the club told me that the plan is that Rangers has planned to earn a net profit of £10 from European football this season which will pay off the debts incurred to sign the players SG wants. Plan is that any shortfall on this figure if Rangers do not make the group stages will be financed by another shares issue some time next February/ March.

17 Jun 2018 21:42:17
Come on billy, give DK a break and some credit!

He must have the finances under control or SG and the new players would not be here.

We have negligible loan facilities so DK and the board must have cash available

17 Jun 2018 22:47:37
Do you have 'clarity' on anyone else finances?
Just asking

17 Jun 2018 23:43:00
I think I have the answer to your financial problems, why don't The rangers have as many pre season friendlies as possible at Ibrox, and then when you get 50,000 turning up, charge them £40 a ticket, to see Bury and Walsall or whoever, well that's two million in ticket sales, every time, well youse have five pre season friendlies at home and that's ten million pounds, take away expenses, and you might be left with eight million pounds, that will surely be enough to keep the lights on and pay some of the wages, when you get knocked outo of Europe in the first round again.

18 Jun 2018 12:15:20
@aindoh - I think you should be more concerned where Celtic are going to get the funds to build the B and B complex next to the piggery.

18 Jun 2018 12:19:48
DK17, I am giving dk credit for bringing in SG and seemingly giving him the money he seeks to give us the basis of a solid looking team, but would just like to understand where the funds are coming from, as his initial "pension fund" input would not be backed by his trustees.
BAR72, I do have clarity on all my investments, just saying!

19 Jun 2018 03:12:23
40 odd thousand season tickets generates a ton of money about 15 mil that’s just the start. Say 100000 strips are sold at 50 quid a pop another few mil. Europa money and Hummel investment were prob in the healthiest financial state for years.

19 Jun 2018 07:05:39
Our wage bill has soared too, SG plus 5 back room new guy. 6 new players and all we got out is a few on loan so we are probably still paying something to them. £15m soon goes But my big worry is why not pay back Close Brothers when we have the money. In January this year we needed £3m to get us to season book time come this January we have to find £3m plus to pay them back a£6m swing. I'm over the moon with the SG era but let's be careful. Also JJ and GM still on the wage bill is Jimmy nic away? .

19 Jun 2018 19:53:47
IOM, again, don’t worry yourself, that is the job of the big boys on the board. they have a plan that is working out just fine.
Just because they haven’t told you what it is doesn’t make it worrying!

19 Jun 2018 20:55:52
Yeah, don't worry, 😂, the south Africa judge was most impressed by the biggest boy on your board, not.

19 Jun 2018 21:51:05
DK17 are you referring to your name sake? If you are I've ever right to be worried

19 Jun 2018 22:17:15
I’m sure something similar was said before 2012 dk, the sad thing is, all you grown up folk have learned nothing from the collapse of oldco, your staring into the abyss, but stick your head in the sand and don’t worry cause the grownups will take care of it, billy and iom are asking the questions you should all be asking, not getting slagged for it

19 Jun 2018 23:11:41
Tic tic tic. your time is nearly up wee bhoy!

20 Jun 2018 07:03:57
So we brought in more season book money and new kit deal money DK17 will that cover the £6m swing in the Close Brothers deal. If it does great but explain to me how we spent £5m (I know it's not all up front) and at least a dozen more on the pay roll, DK17, someone explain to me how this is economically possible. Last year our turnover was £29m with the above extras and a good European run we might get £40m. SG and his team must be on the best part of £4m a year, close loan £3m, watchest, extra wages on players It Just doesn't add up.

20 Jun 2018 08:08:26
IOM

I don’t have that insight but I do know that Mark Allen is confident that the cash is there.

Same for SG, no way he is here on a hope and a prayer.

DK (the other one) and the board are no Green and Whyte replicas - they have invested, loaned and risked their own dosh.

I’m at peace in the knowledge that our club is in better financial health since mid way through the Murray years. hopefully the playing staff will show that the team are not far away this year

20 Jun 2018 10:52:40
IoM 13 players have left rangers, surely that reduces wage bill. More to leave I predict

20 Jun 2018 19:36:19
13 have left your talking about first team jboy or youth?
What do you reckon their confined wages were more than SG and his backroom team? Or more than our new signing?

20 Jun 2018 21:59:26
Cheese oh work it out,
Miller
Holt loan
Krancjar
Pena loan
Martin
Goss
Cummings
Thompson
Bates
Liam Kelly
Ohalloran
Dodoo
I reckon Halliday, hodson, fods, Tav, Cardozo, Alves, Herrera to follow maybe Wallace
No doubt u will say new guys on much more, we don't really know, so lot off wages being saved to be redistributed

21 Jun 2018 01:54:20
IOM

It is no secret on this forum that you are very sceptical of DK and his suitability/ credentials to take Rangers forward. It is also possible and some would say likely that your concerns will be prove to be correct in time. My question to you is how do you propose to influence things to get the answers you seek. No one on this forum can give you the answers you are looking for so like the rest of us you come on the forum for some information, hope and the occassional moan unless of course you think moaning at the rest of the posters will sort things out at the club.

21 Jun 2018 07:05:48
Only trying to highlight the pit falls as I have said before never want to feel the way I did in 2012,so I will if EDs allow highlight anything that's not good for my club and our fans should know about

21 Jun 2018 09:55:25
Mols I have suggested IoM become shareholder then attend meeting, ask his questions, no response
We are progressing slow but sure on and off pitch

21 Jun 2018 19:59:22
JBoy

I agree that the AGM is the only real place to hold directors to account or possibly a fans group with big enough shareholding (Club 1872). IOM is right though that none of us ever want to go through the pain of the last 6 years ever again and now that the toxic debt and influence on the club is being removed. The club is now free for the first time to function commercially as it should. The next set of accounts (interim) to June and published before Xmas will make interesting reading and maybe a modest share issue thrown in to improve the numbers

21 Jun 2018 21:57:18
Jboy told you not all of us can find the finance like yourself to buy shares. We (Billy B, myself and possibly a few other) are the voices of the 'let's be careful' wing of our support, doesn't make us anti Rangers. We love the club but don't fall for all the gusto. I hope and pray everything goes according to plan.

22 Jun 2018 21:37:20
We won't make £15m in the Europa league. The winners only get 6.5 euros which is probably around £5.75m

22 Jun 2018 23:58:47
Meant to say 6.5 million euros

24 Jun 2018 16:49:52
That's prize money Marco. More money to be made from tv and commercial deals

13 Jun 2018 10:41:30
Training centre naming rights sold to Hummel

Agree3 Disagree1

13 Jun 2018 15:23:02
I heard same roumer

14 Jun 2018 00:55:01
Auchenhummel

11 Jun 2018 14:40:46
Well my fellow bears, I have no update on alleged monies going into Ibrox. we all ate still hoping . however today I have a fact for you all to digest,
Rangers come to marbella on 17th, the have booked the cheaper la cala training ground, which is much inferior to the big one everyone else goes to, e. g. Hamilton come around 21/ 22nd and have got the proper facilities, can we not afford the proper facilities? Yet Hamilton fc will be training on, surely have a lot less money than us

Agree3 Disagree8

12 Jun 2018 10:20:55
Maybe Hamilton had already booked out the better facilities before we decided to go there, therefore we couldn't get them

12 Jun 2018 10:42:28
It's used by quite a few teams, have you thought that maybe Marbella training center is booked up? I know Liverpool were there 3/ 4 weeks ago. I'm sure Barcelona have a training camp there too.

13 Jun 2018 17:23:00
After some of the dross served up last season the players don’t deserve 5 star facilities!

14 Jun 2018 07:07:01
LOL UJ hope you have a good day at work and you and your colleagues don't make any mistakes. Cause you might not get what you are due and anyone else that starts after you/ your colleagues make this mistake will have to take the blame as well. A clean slate man surely UJ

14 Jun 2018 09:44:55
IOM

Poor performances and mistakes can be tolerated but when accompanied with the lack of care and commitment shown by some of players last season then I agree with UJ.

You are right that some players deserve a second chance but some of their attitudes were poor last season. I hope they can prove me wrong but have my doubts that many of last years squad are good enough or have the Mentality to get 55

06 Jun 2018 19:38:34
Does anyone know if Rangers are going to sign another deal with a credit card company? Just got my latest statement in and was gutted as on Rangers badge on it thought it was running until July. So cancelled it. now need new card and it can only be a Rangers one.

Agree1 Disagree8

07 Jun 2018 21:56:09
Do Close brothers not do a card? .

{Ed033's Note - and do they do duvets?

09 Jun 2018 18:55:30
A rangers credit card bloody hell lads, there is irony in that somewhere I'm just not smart enough to point it out.

05 Jun 2018 15:03:26
Anyone else being reading footballtaxhavens blog over the past few days.

Shows exactly what we are up against with Peter Lawell and his pals at both the Spfl and SFA.

Hope Dave King keeps the pressure on with this.

The fans need to bombard the relevant organisations telling them that we are not going to accept anything other than total transparency.

Agree16 Disagree9

07 Jun 2018 02:15:11
Total transparency that's rich coming from you lot hahaha hh

09 Jun 2018 18:58:32
How, what's going on behind the scenes? Enlighten me, please.

11 Jun 2018 12:21:28
Imback wish I could enlighten you but alas luck i said total transparency not one of dodgy daves things is it also if you can't remember what's been happening at your club for the last 6 years there really is not hope for you open your eyes without the blue tinted shades hh

03 Jun 2018 14:20:34
Any sign of the 6 million pounds share issue King had promised? i'm sure that would come in very handy for Steven Gerrard.

Agree8 Disagree11

03 Jun 2018 21:52:48
Let SG worry about where when and how much he has to spend. he wouldn’t be here if he didn’t already know.

04 Jun 2018 15:50:59
Good point Goalie. And any word if he's managed to open a bank account in Britain yet. You'd think that banks didn't want millions of pounds lodged with them
the length of time this seems to be taking.

04 Jun 2018 17:06:44
Bla bla bla. tic tic tic. your time is almost up bhoys!

05 Jun 2018 11:21:12
Bhoys? Are you really that dumb that you believe anybody asking questions of King has to be a tim?

Bet you took in everything Craig Whyte and Charles Green came out with.

01 Jun 2018 16:36:48
Just wondering if anyone can provide some info regarding kit deal.
The reported deal from Hummel is £10 million over 3 years. that's a given.
Question is, just say we sell 100,000 strips a year at £50 a top, more if you buy the full kit, do we make money over and above the deal money?
Thanks in advance.

Agree1 Disagree3

02 Jun 2018 00:49:54
Hi No Hummel, get all the extra money, they give you the money upfront, and then they reap what they have down, is fair enough, they take a gamble on giving you ten million over three years, and then they win or lose on how much jerseys are sold, but you had to sign on the dotted line because, as they say, you need the readies.

02 Jun 2018 09:54:25
Aindoh did not know u had read the contract. U talk some sh

02 Jun 2018 14:14:56
He does talk single fish, I believe we get the ten million as sponsorship then there is a split of the profits

02 Jun 2018 15:13:52
That's what I thought Kenny. Just wasn't sure. We could make millions this summer as I'm sure the tops will fly off the shelf.
Btw glad the mhanks are still taking an interest in all things Rangers😋

02 Jun 2018 21:31:56
Colster mate have you heard any release date for the strips

03 Jun 2018 09:11:28
Nothing yet although I saw on another forum that the kit is rumoured to go on sale 1st August with JD Sports the distributor. They will then eventually move into the measure at Ibrox. i'm assuming if this is true re launch date we still must be tied in contractually to Puma till that date as we would be missing out on millions up to that date.

03 Jun 2018 16:25:40
SR confirmed at narsa that sports direct contract runs out 31st July. More info to come on the strips over the next few months but will not be available for purchase prior to then. We will play in the new kits in qualifiers though.

09 Jun 2018 12:29:11
The tatties previous are speaking pure drivel again Can't handle that we are starting to take shape

Hummel is a 3 year deal at 10m with 50/ 50 on shirt sales which is fair enough I think both Rangers and Hummel have done good Business We will sell shirts in their hundreds of thousands if we know that these shirts are going into the coffers as they should Unlike that robbing chunt Mike Ashley

If he had played his cards right and he had bought the club and sold up Newcastle he could've been onto better things getting his brand across globally but he got too greedy!

09 Jun 2018 19:03:44
Just hope they are decent looking strips and the club benefit from the sales and things start to fall back into place with finances. I'm sure our fans will buy out all strips every year and I have a feeling Gerrard will be on the back of at least 5000+ tops.

17 Jun 2018 13:18:55
50/ 50 split in shirt sales. They will sell by the tens of thousands. Good business by King and co

31 May 2018 06:14:21
Hey guys I was just thinking while Dave king is investigating the sfa and SPFL shanaigins I would have another look into the ebt, s that were use at porkheid we were told some stupid excuse at the time but an ebt is an ebt is it not it's there for you mr. king go and get it 👍.

Agree3 Disagree5

31 May 2018 08:40:10
You mean the ebt that was used for Juninho but then Celtic cancelled it and repaid any outstanding monies owed? That EBT?

31 May 2018 09:05:32
A think you mean you concealed it my friend the games up no one to ask the questions they all could do what they wanted with us because no one wanted to fight our corner Mr. king had other crap to fight when he took over a think he’s now going after the place men now and the wrong doings there’s a few jackets on shaky nails and I think the pack of cards comment just about sums it up 👀

31 May 2018 10:07:49
Yeah good luck with that. I think you'll find Celtic are run properly. Not by the dodgiest of tax dodging liars. If you guys spent as much effort questioning your own shyster owners, you might be in a better position

31 May 2018 11:17:08
Run properly that’s what you want the world to believe but your times up my friend your little organization in Scotland is coming to an end soon the world of football will see what you’s are really like wink wink say no more 😜

31 May 2018 22:35:53
Thetinman, a question was Campbell Ogilvie, a director at Rangers and a high head yin at the SFA, in those positions when Rangers were doing the EBTs?, and was the man described, by a South African judge, as a glib and shameless liar, at Rangers when they were doing the EBTs?

01 Jun 2018 05:59:45
Yes he was but he was not a share holder in David Murray’s business company in turn would mean he had a conflict of interest look it’s there for all to see what’s going on here it’s standing out like a sore thumb liewell has got placemen in there while we were down if you dig (and not very deep) you can see were the guys in power at the sfa and SPFL lead back to but eventually when the press in Scotland take their head oot liewells rectum the massive story is there for them and if mr. king is so bad why did they say he was fit and proper to run the famous Glasgow Rangers tell me that! Eventually it will come out watch this space👀

01 Jun 2018 13:14:37
It's terrible all these Celtic men running the game and making Dave king employ Warburton and Pedro and making rangers buy Pena and Russell Martin on loan and making Dave hold on to buffalo bill instead of getting the 11 million. Do you see where I'm going with this tinman.

01 Jun 2018 18:53:59
No where are you going with this

02 Jun 2018 07:52:33
The tinman I'm on your side but D King wasn't granted fit and proper status by the SFA. Remember the court case when Ashley took the SFA to court over why they granted D King F and P status. Cases clasped one day one when SFA lawyers handed Ashley's lawyers a piece of paper saying along the lines NO Case to answer. The SFA have never granted him that as he doesn't need it as he's only the largest shareholder in the holding company.

02 Jun 2018 08:18:00
Even better he doesn’t need it

02 Jun 2018 09:30:52
I, for one, am all for EVERYTHING coming out. Let's see ALL the dirt that has been swept under the carpet.
NEVER going to happen because those involved will end up with the long arm of the law feeling their collar.

03 Jun 2018 07:58:06
Password do you mean all their dirt or ours? Or All from both because the FBI and the CIA couldn't cope with that much dirt wink wink

03 Jun 2018 09:44:17
And what dirt do we have enlighten me Isle of mull?

08 Jun 2018 04:55:04
Did you follow the Craig Whyte trial?

09 Jun 2018 19:06:48
It's all a load of single fish, who cares it goes on in business all the time. Football is no different. 11 v 11 on the park end of story.

23 May 2018 20:22:59
Rangers have a good case against the SFA they should win because remember mr green bought rangers old co assets rangers old co is currently in liquidation which means sevo5088 actually own the club now so the SFA are chasing a club defunct so logically that means sevco5088 cannot be reasonable for rangers old co debts or fines it's a no brainer it's a new company that changed it's i'd SO we can walk away from all fines and carry on our merry way remember it suits Celtic to call rangers a new club but when rangers owe money they want us to pay? That's ludicrous!

Agree1 Disagree18

23 May 2018 20:45:28
And. breathe!

Just a bit of punctuation would help.

24 May 2018 10:09:35
To be fair, Baldy, those who have been in charge of the club from Green to the present have happily played on that grey area too. The good parts of the history are ours, but the bad parts lie with oldco.

24 May 2018 10:16:40
So Baldy70 you are claiming that the SFA are chasing a defunct club - I thought you were the same club but different company?
I also though it was common knowledge that in order to gain entry into the league system the NEWCO had to honour all football related debts.?
But hey, a leopard never changes its spots - so why not just walk away from the debts!

24 May 2018 14:56:14
Baldy, if you check, you'll find that it is actually against SFA/ UEFA rules for a club to take their parent FA to court and doing it gets you banned by them.

29 May 2018 16:45:05
A certain Mr Bosman took on the whole of European Football in the courts and won. Also in 2005 Livingston saw the SFA in court. Sorry to say you're wrong. At the back of my mind did Lennon not also challenge a touchline ban in the courts?

 


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