Rangers Finances

 

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26 Oct 2020 15:16:26
whatever happened to various dhims (and a couple of our own allegedly? ) who used to come on here in the finances page and had plenty to say about our legal and financial situation . i would say that most of what was said never came to pass and they have crawled back under the rock from where they came . eating tremendous amounts of humble pie . he hasn't been mentioned in a long time but a BIG HEARTFELT THANK YOU TO DAVE KING .

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26 Oct 2020 19:11:45
Would agree about Dave King he and the board have been fantastic there appointments lately have been first class and the work they have put in to get us back to where we belong I doff my cap to.
I wouldn't jump for joy just yet I think we may have a C.V. hit to take and trust the board won't overstretch too far to get to 55.
I understand where the rest were coming from previous boards mis management and lies made us all wary but I for one trust the direction we are going in now.
The Celtic have their own cloth to cut at the moment. A wise man did say something about a house of cards. Are they about to fall?

26 Oct 2020 19:24:55
see the tims accounts are out in papers today when will we publish ours?

26 Oct 2020 19:54:14
Where's Celtic posted them?

27 Oct 2020 15:15:40
To be fair Brian, a good few have been on and at least tempered their criticism of Dave King and even admitted they were a bit harsh or non-believing.

That about right IOM and billyb? I'm pretty sure that you are delighted that my opinions have proved to be more accurate than yours!

Still a way to go especially with C.V. but were doing well.

27 Oct 2020 15:21:28
Dave King = Legend, Saviour
He's the man who has put our great club back where we belong. Many thanks Dave 👍
Our team is the best it's been in years our board are doing great and our fans are all over the moon.
Great times now and even better times ahead. Cheers 🥃.

27 Oct 2020 22:31:59
In all papers how much there rev is down mate. briangersfan. we will hopefully see better accounts this year than the previous 5+ years. Cannot lose another 10mill. Not sustainable. good thing now tho is we actually have a team of valuable players on thr park.

18 Oct 2020 20:57:51
Ibrox guy do you actually think the board would be that stupid to give that amount of dosh away! don't talk rubbish mate!

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13 Oct 2020 10:19:18
I posted last week about Gerard getting 10% Ross Wilson 5% and Gary McAllister 2.5% on player sales. So I finally got it conformed today that's the case. That means we as a club are down 17.5% and if we buy players with the standard 20% sell on clause from previous clubs we are down 37.5% on any player sales, I can see why we have done it, we probably can't afford Gerard, McAllister and Wilson on real terms therefore that's been written into their contracts to offset any monies they could have earned. I still find it high these percentages. I mean Gerard 5% Wilson 2.5% and McAllister 1.75% would have been better. For example if we sold Alfie tomorrow for 10 million. That means Gerard gets 1 million, Wilson 500 k and McAllister 250k. Also Alfie old club due 2 million. So we get 6,250,000 for him. It's not that great. I am certain something like this would have to be passed by shareholders as we own the club and the players, we should be able to decide what goes into these contracts.

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13 Oct 2020 15:22:49
Mate does it matter? when was the last time we sold anyone for big money?

13 Oct 2020 17:01:13
are you sure, even if the % are right these sort of deals are based on gross profit, ie all other deductions come off first and then they get their percentage. can't see why GM would get anything.

13 Oct 2020 18:06:27
Ibrox guy who is confirming this.

14 Oct 2020 12:14:34
I am calling BS on this.
No way are the club giving away % on player sales to these guys never mind the fact if there was something to it, then it wouldn't be in the public domain structured in that way.

14 Oct 2020 13:49:56
Tend to agree slim.
Ibrox guy if u are a shareholder ask the question at next agm.

14 Oct 2020 14:32:35
John, let's not forget it would make SG and co very poor business men having sold Doc and McCrorie for peanuts lol.

14 Oct 2020 18:43:59
I agree Jim, I don’t think it’s true, but I’m only guessing.

14 Oct 2020 23:28:33
Check ibrox guys posts, 100% on here st the wind up 👍.

15 Oct 2020 13:36:17
He's definitely at it herewego!

15 Oct 2020 14:35:09
Shocking it true tho sg and gary mac never worth those deals.

09 Oct 2020 20:30:45
Did I see a new investment of £5m today has been pledged? Nothing on the news websites or our club page.

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09 Oct 2020 21:25:02
MA plenty being reported. Basically 4 million pounds in loans converted to shares plus 4 million new money.
Scroll down and you’ll see names mate.

09 Oct 2020 15:04:37
Someone is pumping money in to Rangers.

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09 Oct 2020 15:12:26
Blackthorn yes Stuart Gibson.

09 Oct 2020 14:51:19
I see four our shareholders purchased the eight million in shares according to papers lodged at companies house
Donald Park
George Taylor
George Leatham
The fourth shareholder being Stuart Gibson Who purchased 4 million pounds in shares.

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20 Oct 2020 14:29:43
Is this to cover Edmondson house renovation?

22 Oct 2020 11:43:55
The Edmondson house renovation, works is allegedly being funded from partial sale off Albion car park.

23 Oct 2020 08:28:15
Hi John, hope you're well mate, I would think there may also be an element of Grant available for the restoration work, I don't know for certain, we certainly seem to be showing more financial nous at last.

24 Oct 2020 13:09:33
Irvger. I’m not sure to be honest not looked into it, however as u say we are showing more business acumen.

07 Oct 2020 17:19:38
I see academy player going to st mirren loan with buy deal. Believed to be 100k plus 20% sell on.
Least we are starting to make inroads into future deals .

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07 Oct 2020 19:53:27
Good to see John25👍.

 


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