Rangers Finances 3


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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.

11 Feb 2018 14:33:14
I've heard that Dougoas park is fed up putting his own money into the club and king doesn't have the money he makes out he has
Any money for signing players will come from season ticket money
So will this have any bearing on who gets the manger job full time?
As it's unlikly we will have the money to sign a top manager if murty was not going to get it full time
I'm wondering if we will get any real investment from anywhere
And does anyone think king should step a side if he's told all the fans lies about his wealth and what he was going to invest?

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11 Feb 2018 17:02:36
Oh right and your source is?

11 Feb 2018 18:28:49
It’s fairly obvious tinman. There’s no way you’d be going to close Brothers if any of the board were still willing or able to provide you with funds

12 Feb 2018 09:59:42
Ha ha ABHAH 1 remember you said we would go into administration well we are still waiting on that one to happen and this crap about us waiting to spend the season ticket money what club does not use their season ticket do you think your manky mob across the city don’t use their season ticket money of coarse they do Brenda will get that on his massive wage and massive player wage bill!

12 Feb 2018 15:13:08
Tinman do you not realise this loan was to avoid administration?

12 Feb 2018 17:12:38
Why would we bring in all these players and the go into administration can't you just get over the fact the bears are coming back slowly but we are getting there I’m sorry if that disappoints your longing for administration but I will I would not like to be dangling by my short and curlys waiting on it happening!

12 Feb 2018 19:18:11
Why would be borrow £3m from lenders of last resort if we were not desperate? The players we brought in are all loans so they can just go back to their parent clubs. All we have done is delayed the inevitable.

12 Feb 2018 21:35:16
If Dougie P is fed up of putting his own money in then he has only his boy to blame, his attempt at championship manager hiring left us with the dead wood that continues to hold us back. Hopefully get rid of the fringe players this summer and get tore into this league finally!

09 Feb 2018 13:34:40
I see the finance graduates over on the planet of the apes are having a field day with our new finance story that's been making headlines. We really are their favourite subject. Honourable mentions must go to Timaloy and the greenjedhi. When It comes to our finances they become Bradford and Bingley.

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10 Feb 2018 08:44:33
Ted E Bear even you must ask WHY close brothers why not Barclay or Lloyd's or even the Co-op. I've read nightmare stories about close. When the car park was used by former boards as security for loans we were up in arms, but now it Dave King its all OK and rosey.

08 Feb 2018 10:06:21
It seems who ever was previously was investing the majority of the money in us has decided to stop funding for the time beeing. And we will now do a new share issue and really on season ticket money in the mean time
Forceing us to look at asset financing not a banking facilty like the club claim
this is itsactly what ashley tried to do at our club and got pelters for it
If the bid for morelos was made up then it has done more harm than good unsettling the lad and he now wants pay rise aswell would made more sense to sell him than take loan

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08 Feb 2018 13:13:04
everything getting put in place for ashley taking over in the summer pal .

08 Feb 2018 14:20:18
Jamesd6457, Celtic have been run prudently for many years and have been consistently in the Champions League yet they can't compete financially with English teams far smaller than Newcastle. He is more interested in money than trophies and he is making far more of it at Newcastle than the old firm could combined under the current format. Even if European football was restructured the old firm will never be at the top table and there is no chance of getting into the EPL. Businesses in general and certainly with Financial Fair Play in place clubs are not allowed to spend out with their means. So your Ashley master plan doesn't make sense on any level. Could you explain why you think it would be in his best interests?

08 Feb 2018 14:33:02
no offence big marv but your going to look like a total tit in a few months maybe less you will start to see the bigger picture soon trust

08 Feb 2018 15:23:34
That wasn't an explanation. Ashley is a businessman who is only interested in money, unless he's suddenly decided to change the habits of a lifetime and gone off money in pursuit of prestige and respect! Admittedly I am no businessman but I have given valid reasons as to why it makes no sense whatsoever. Could you please explain why it would make any sense?

08 Feb 2018 15:40:48
It wouldn't be the first time I've looked a total tit, but what your suggesting makes as much sense as the Queen giving up her job to work in a soup kitchen helping the homeless! It seems like you've added two and two and came up with 6,457. All I want to know is which part of it makes any sort of sense to you

10 Feb 2018 15:35:59
Ink understand we need to be careful with money but the young lady is playing well and could do more for the club by helping us get into europe.
I have a feeling this boy could go for even more if he finishes with 20 plus goals

07 Feb 2018 21:43:20
I see Rangers are hood winking the public via the papers into believing we have fresh investment in the club. Surely this must be a PR stunt by Level 5 to keep us gullables from getting to worked up about admin 2 (admin 2? Same club then? ) .

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08 Feb 2018 05:09:31
Here they come again the we are all doomed brigade what an absolute obsession you all have get a hobbie or something it’s played out now!

10 Feb 2018 15:37:58
Hawd yer weren't mate admin stony are deluded pal these guys have too much invested in us to want us to fail they need to mAke us the top team again for them to get money out of us in a few years time

07 Feb 2018 21:15:20
See we are taking a near £3m loan from close brothers.

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07 Feb 2018 22:35:38
How do we feel about working with close brothers? Give me the fear, why didn't we the loan from a high street bank?

07 Feb 2018 22:37:29
what happend to our investers why do we need to take a loan from close brothers am sure we would have had to offer some sort of security for this loan so what did we offer for security there is a few questions that need asked about this arrangment

08 Feb 2018 07:22:50
My take on this loan (only my take so no need to jump down my throat) . We urgently need work doing on the stadium and this mob have offered us the money. 2 questions at what exorbitant rate are they charging. Why didn't the directors who gave us previous loans help with this problem if a share issue is just round the corner. Oh and I (just me) now say the AM bid was Traynor work. Why didn't we accept £6-8m for this player then we could have done the work and have 3-5m in our pocket for the rest of the year. I do hope this is not the major news we were told about. PS Charles Green used close brothers enough said.

08 Feb 2018 09:30:38
Good post Mull. Why pay massive fees for overdraft facility if we had the facilty to put money in the bank with the Morales sale. We now have secured it against Edmiston House and the Albion car park which tells me a lot about our financial situation we are in. So much for the board not living outwith our means- If they were doing their job correctly we would have sold Morales. Me thinks that there was no bid for him

08 Feb 2018 09:31:53
Another question will be how quickly will we burn through this 3 million?

08 Feb 2018 17:39:57
Looks like that's already being used for stadium works

09 Feb 2018 12:16:58
What gets me is we were all up in arms the last time we used this crowd and secured it against the car park and Edmiston house. This time nobody seems to care. Are we all putting our heads in the sand and believing what the record has to say?

09 Feb 2018 12:22:23
This is not an overdraft facility. This crowd don't provided overdraft facilities like a bank- We are going with them because no other normal bank would touch us. Do i believe Robertson - No I dont. King isn't in discussion with the takeover panel. They took him to court and won. He is trying to appeal the decision. He is going to lose. i'm getting sick and tired of this boards spin on all this. Be up front and honest with us fans about what is going on

09 Feb 2018 13:50:58
Can't disagree with your post Gersgovan all the above and the biggest of the lot LIVE WITHIN OUR MEANS. That's alway been my biggest fault with this board

10 Feb 2018 15:42:21
He knows he is going To lose The Ppeal But Really DOoesnt wAnt to pAy all tHat money Lol can't blame Him For Trying To Wrangle Out Or it. as This is his Character We all KNow from previous work he hAs done but i do still believe he has THE BEst interest of thEe club at heart as he will make mILLIONs back From US but only if we get to the top

03 Feb 2018 10:32:58
Hypothetical question but if Ashley came in and invested £40m-£50m in the close season would we all be anti Ashley? I don’t know how I would feel but interested in other views.

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04 Feb 2018 13:08:22
At the end of the day doesn't matter what people think this is going to happen not as much as that but he will be investing 25 -30 million in the summer. Been saying this for months him and king have a better friendship than we are all lead to believe. Ashley funded the 10 million at the start of the season which was a failure under Pedro . Hence why Murty got the job which will be to the end of season as he will be selecting his own manager . All these loans we brought in in the summer are to insure he doesn't lose anymore money like last time as if they do well they will be offered a contract in summer. The only reason he selling Newcastle is so he can buy out king as he wanted to buy more shares but wasn't allowed dew to owning Newcastle . Don't yous think for one minute when he had shares with us back then that he seeing the potential to make a lot of money from our club but for a lot less input? Also the shirt deal was never ripped up in the way we were lead to belief it was just a smoke screen so we would start buying again as he know he had to take a step back for now . A mean who gave him this deal in the first place? wouldn't been the first time we been lied to now. As a said people won't believe this but when it happens everyone well all the gullible ones anyway will be like rubbish . Dave king is broke and can't take us any further than he can now and fair play to the man a mean he did save us but he knows when to step a side as he wants the best for us.

05 Feb 2018 06:57:25
Confused, you say that Dave King saved us but will now step aside to allow the man he saved us from back in. Any proof on your statements that Ashley gave us £10m for Pedro spending spree and the SD deal.

05 Feb 2018 15:46:54
If it looks like BS and smells like BS. BS

05 Feb 2018 15:49:04
Total rubbish the notion that he would spend £25-30m. His net spend on transfers at Newcastle over 11 years has been £4m per season, and that's with him pocketing all tv and gate money. Any money he would put forward would only be a loan anyway, putting us in an even more precarious position than we already are. Some people seem to think gambling £30m would guarantee us getting back to the Champions League when it wouldn't even guarantee us matching Celtic and they can barely scrape through to the group stage where they get routinely humiliated. I've said before Scotland's Champions route will disappear in the next few years as the financial disparity is getting greater and watching teams get thumped 7 or 8 nil isn't competition. When that happens there will be no difference to Ashley coming 1st, 2nd, or 3rd, and he doesn't give a monkeys about winning trophies. So if he does take over we can look forward to dwindling crowds and Celtic doing 20 in a row!

05 Feb 2018 16:47:39
What did he save you from? Liquidation? No one saved Rangers, that's why they were liquidated.

06 Feb 2018 07:29:38
Best post I have seen on here big Marv

06 Feb 2018 23:48:03
Cheers mate👍 It does seems too good to be true that he's completely out of the picture though. He shouldn't be allowed near football imo.

02 Feb 2018 20:41:11
Board need to offer tav n Morelos new deals, tav 4 year deal and offer Alfredo year or 2 extension only 2 year left in the summer would be criminal to leave it any longer

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