Wendy Saints Posted April 18, 2014 Report Share Posted April 18, 2014 Personally can't wait to see the 'car crash' next season! FFS they couldn't even see off teams like Stranraer & Stenhousemuir convincingly! As for the cup game against Albion Rovers! Albion were cheated! That goal should never have stood! Same old whatever they call themselves these days!? (Mind you if they are still in business!?) Quote Link to comment Share on other sites More sharing options...
Indicator Posted April 19, 2014 Report Share Posted April 19, 2014 As if the financial gulf between the teams wasn't enough they got to play the second half against 10 men - again! MSM never mention the part-time status of the opposition they are only interested in talking about the forthcoming world record when they go the whole season 'unbeaten'. SEVCO don't do magnanimous. Amidst sickening triumphalism it will be hailed as the greatest ever unbeaten run - ever. The problem is - the 'in your face' attitude of everybody at that club simply means an increased alienation between them and the fans of the other 41 clubs in the SPFL. I personally cannot wait for the announcement of the next administration event. Smarmy Arab 1 Quote Link to comment Share on other sites More sharing options...
Plastered Posted April 24, 2014 Report Share Posted April 24, 2014 Easdale saying that finances are fragile and they wouldn't survive a second period of administration. The first part is true enough, but I would have thought they would come out of admin again. Hope he's right though! Quote Link to comment Share on other sites More sharing options...
MrBored Posted April 24, 2014 Report Share Posted April 24, 2014 I thought they never survived adminstration the first time, that's why they were liquidated. Smarmy Arab, candalan and ex-montrosesaintee 3 Quote Link to comment Share on other sites More sharing options...
Cagey Posted April 24, 2014 Report Share Posted April 24, 2014 The masses think he is bluffing ,they just don`t get it.They are still backing a guy that surely wouldn`t pass the fit & proper person criteria. Mind you it is THE THE so laws don`t apply. Quote Link to comment Share on other sites More sharing options...
Wendy Saints Posted April 24, 2014 Report Share Posted April 24, 2014 FRAGILE ... my favourite word in the dictionary right now!? A deluded forces of darkness fan at my work is convinced someone is going to invest a heap of cash & save them! I take it they would definitely be defunct this time!?⚽ Quote Link to comment Share on other sites More sharing options...
Oldermoresensiblepack Posted April 25, 2014 Report Share Posted April 25, 2014 Nah. They will survive they're too big to fail. Could you imagine what would happen to Scottish football if The Rangers went tits up? I mean it would be Armageddon ............ Wouldn't it? Quote Link to comment Share on other sites More sharing options...
ex-montrosesaintee Posted April 25, 2014 Report Share Posted April 25, 2014 No Ppppppllllllllleeeeeeeeaaaaaaasssssseeeeeee die now. A cancerous polyp on the anus of Scottish football. Quote Link to comment Share on other sites More sharing options...
ex-montrosesaintee Posted April 25, 2014 Report Share Posted April 25, 2014 Death seems quite possible according to the Beeb's report on the finances review thing. A couple of things jumped out at me: - "Continued negative external comment and campaigns have created significant operating difficulties and have been threatening the club's orderly and progressive recovery." Of course, the plight of The The is everyone else's fault. I'm lost for words. "Though season ticket renewals are crucial to the club's financial position, the facility for fans to pay for them with credit or debit cards has been removed and supporters are instead being asked to pay the club directly. One caveat to this arrangement will be that customers' money will not be protected in the event that the business goes bust." Dear LORD! Quote Link to comment Share on other sites More sharing options...
Cagey Posted April 25, 2014 Report Share Posted April 25, 2014 They are going to hold a new share issue to raise £30 mill over 3 years. Surely the shares already held are worthless. Will anyone be daft enough again. Quote Link to comment Share on other sites More sharing options...
Davdog Posted April 25, 2014 Report Share Posted April 25, 2014 (edited) Read their report which basically says they have been spending too much (which they did have at the time). The plan for the future is to get more money from somewhere (as yet unknown) and spend more than before to improve things! Edited April 25, 2014 by Davdog Quote Link to comment Share on other sites More sharing options...
Plastered Posted April 25, 2014 Report Share Posted April 25, 2014 I thought they never survived adminstration the first time, that's why they were liquidated. The reason they were liguidated last time was that HMRC were owed huge amounts of money, and wouldn't accept anything except the full amount. If they go into admin again, anybody taking over could offer peanuts to thosed owed money and probably get away with it. Quote Link to comment Share on other sites More sharing options...
Plastered Posted April 25, 2014 Report Share Posted April 25, 2014 They are going to hold a new share issue to raise £30 mill over 3 years. Surely the shares already held are worthless. Will anyone be daft enough again. Never underestimate the stupidity of the orks. Isn't King waiting to throw money at the club? Quote Link to comment Share on other sites More sharing options...
jhq Posted April 25, 2014 Report Share Posted April 25, 2014 http://www.dailyrecord.co.uk/sport/football/football-news/rangers-business-review-report-ibrox-3455356 How do you "re-emerge from liquidation"? Quote Link to comment Share on other sites More sharing options...
Cagey Posted April 25, 2014 Report Share Posted April 25, 2014 http://www.dailyrecord.co.uk/sport/football/football-news/rangers-business-review-report-ibrox-3455356 How do you "re-emerge from liquidation"? They will call themselves THE THE THE & get away with it again. Quote Link to comment Share on other sites More sharing options...
Lincolnshire no More Posted April 25, 2014 Report Share Posted April 25, 2014 Death seems quite possible according to the Beeb's report on the finances review thing. A couple of things jumped out at me: - "Continued negative external comment and campaigns have created significant operating difficulties and have been threatening the club's orderly and progressive recovery." Of course, the plight of The The is everyone else's fault. I'm lost for words. Actually the external forces are King and his cronies. There he is outside the tent offering his "advice" and zero cash. Now he is meant to be on their side so how can banks etc have any confidence in them? Quote Link to comment Share on other sites More sharing options...
HOODLUM65 Posted April 25, 2014 Report Share Posted April 25, 2014 Thanks for your comments guys . The reading of such has given me great amusement . Quote Link to comment Share on other sites More sharing options...
babychunder Posted April 25, 2014 Report Share Posted April 25, 2014 (edited) King is just trying to get control on the cheap. If the ST money is withheld, Rangers go under and he hoovers up the equity for a song. If he controls the ST money, the club will be forced to grant him security over Ibrox to release it, which is effectively the same as control. By creating the threat of no ST money, the merchants who launder the credit and debit cards for Rangers have withdrawnm their support, fearing they will get burned for refunds, thereby forcing Rangers to ask their fans to pay up in front in full with cash, which in turn makes King's proposal a better option for them. He's no mug the guy. Edited April 25, 2014 by babychunder Quote Link to comment Share on other sites More sharing options...
Oldermoresensiblepack Posted April 26, 2014 Report Share Posted April 26, 2014 They are going to hold a new share issue to raise £30 mill over 3 years. Surely the shares already held are worthless. Will anyone be daft enough again. Hell yeah!! Sat wi' 3 o' the The Rangers follow follower's earlier the night. A constant source of amusement for me and my mate. Quote Link to comment Share on other sites More sharing options...
rik2304 Posted April 26, 2014 Report Share Posted April 26, 2014 Will anyone be daft enough again. http://i.dailymail.co.uk/i/pix/2011/04/24/article-1380096-0BC251AF00000578-814_634x362.jpg I'm thinking, yes. Quote Link to comment Share on other sites More sharing options...
stevensan Posted April 26, 2014 Report Share Posted April 26, 2014 King is just trying to get control on the cheap. If the ST money is withheld, Rangers go under and he hoovers up the equity for a song. If he controls the ST money, the club will be forced to grant him security over Ibrox to release it, which is effectively the same as control. By creating the threat of no ST money, the merchants who launder the credit and debit cards for Rangers have withdrawnm their support, fearing they will get burned for refunds, thereby forcing Rangers to ask their fans to pay up in front in full with cash, which in turn makes King's proposal a better option for them. He's no mug the guy. The problem is if King ring fences the season ticket money and tries to get security over Ibrox, RIFC will just laugh. They already have security in the form of 'loans' to TRFC of 20m upwards. RIFC don't care about TRFC so they can quite happily let that die and Ibrox 1872 or whatever King calls Rangers the 3rd can then pick up the pieces, minus the stadium and assets which RIFC take in payment for their debt. Remember, TRFC seemingly have no external debt. Just internal debt, and a large negative cash flow, so if RIFC stick TRFC into administration then RIFC will be in full control of what happens. Unless a mystery investor turns up happy to lose 30m over the next 3 years, then this summer will be very interesting down Ibrox way... Quote Link to comment Share on other sites More sharing options...
babychunder Posted April 26, 2014 Report Share Posted April 26, 2014 Rangers Int Financial Ratios (Leverage Ratios) Debt Ratio 13.98 % Debt-to-Equity Ratio 0.16 Debt-to-Equity Ratio (excl. Intgbl) 0.24 Debt-to-Equity Market Value 0.65 Net Gearing 16.20 % Net Gearing (excl. Intangibles) 20.93 % Gross Gearing 29.93 % Gross Gearing (excl. Intangibles) 38.67 % Gearing Under 1 Year 18.54 % Gearing Under 1 Year (excl. Intgbl) 23.96 % Assets/Equity 1.43 Cash/Equity 19.59 My information suggests that they (the listed company) DO have debt on their balance sheet. Quote Link to comment Share on other sites More sharing options...
Center Half Posted April 26, 2014 Report Share Posted April 26, 2014 Baby C in one word are they F*ucked Rangers Int Financial Ratios (Leverage Ratios) Debt Ratio 13.98 % Debt-to-Equity Ratio 0.16 Debt-to-Equity Ratio (excl. Intgbl) 0.24 Debt-to-Equity Market Value 0.65 Net Gearing 16.20 % Net Gearing (excl. Intangibles) 20.93 % Gross Gearing 29.93 % Gross Gearing (excl. Intangibles) 38.67 % Gearing Under 1 Year 18.54 % Gearing Under 1 Year (excl. Intgbl) 23.96 % Assets/Equity 1.43 Cash/Equity 19.59 My information suggests that they (the listed company) DO have debt on their balance sheet. Quote Link to comment Share on other sites More sharing options...
HOODLUM65 Posted April 26, 2014 Report Share Posted April 26, 2014 Classic comment on "off the ball" today as we headed to Pittodrie, We are the paypal. Quote Link to comment Share on other sites More sharing options...
Wendy Saints Posted April 26, 2014 Report Share Posted April 26, 2014 One forces o darkness fan I work with thinks there is nothing wrong with going in to administration again!? Clear their debt again!? They still think they have been punished!? No one seems to mention in the press that their is still an HMRC matter of unpaid tax!? FFS their arrogance knows no bounds?! Quote Link to comment Share on other sites More sharing options...
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