Rangers Finances


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01 Mar 2017 13:13:56
I know many people will slate me for this. But the only person who could have taken us forward was Mike Ashley. Yes he would have been it to make money but he was ready to sell Newcastle and buy us outright. From what I heard was that he could not believe the size of the club and realised he could have put half the money into rangers than Newcastle and have got champions league etc. I do not like his business ways but you don't become that rich by being nice to anyone. Newcastle have been poor last few years but in all respect he put less money in as he wanted to sell to buy rangers. We missed a huge chance with this now we have a board who are clueless and moneyless. DK has no money to put in. When the 3 of them stood at ibrox hands in the air as if they won something. They won nothing and directors etc should not act in this way. Any supporter who thinks they will take us forward are delusional. At the end of the day MA would probably have looked at us thought 20 to 30 million buys a good team ready to compete with celtic and gain entry to uefa cup etc. Selling even if a few players if done well brings that money back. No need for huge wages. Champions league money etc and he would make a profit. Win win for everyone. No one will buy us now. No one is going to just say here is a load of cash spend it. So in all honesty people should think very carefully for what they want and expect.

Sorry for the long read.

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01 Mar 2017 15:08:22
Are you aware that Newcastle owe him money? That's why he couldn't find a buyer, you'd have to pay £700mil for newcastle and then £300mil to pay off the fat mans loans. The guy is a plague.

01 Mar 2017 15:12:55
So you think we mist a trick not going with ashley? can u then explain why llambias made redundances for none playing staff at ibrox, you now the people who made an average wage? and we all no llambias worked on ashleys orders aswell as the other directors he appointed through his loans to the club. now heres your billionaire paying of people, some who had been there for years on modest salaries, they people had a function at the stadium, so why would a billionaire pay these workers off? that was a taste of what was to come. as much as the flak king gets just now, which is acceptable. i don't think there would be a rangers rite now if ashley seen a takeover through.

01 Mar 2017 16:27:41
Mikey Ashley isn't worth discussing.

Horrible character and the sooner his 9% shares are diluted the better!

28 Feb 2017 16:58:53
the board could mortgage ibrox and get a large amount of cash to buy, say 20 million to buyplayers with to match celtic. but it's controversial.

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28 Feb 2017 17:13:16
And if it all goes wrong we have hocked the family silver?

"Live within our means" is the only sensible way forward

28 Feb 2017 19:44:42
Jeez Louise jason I know your second names brown no need to smoke the bloody stuff give me strength

01 Mar 2017 17:10:32
Get real Jase. We can't even get overdraft facilities with any bank at the moment and you think we could get a £20m mortgage on our dilapidated stadium? That's before we start talking about the deeds etc We need to face up to the facts that we are skint and that's not changing anytime soon, especially with the current board.

28 Feb 2017 11:18:35
Correct me if I'm wrong but I thought that an extraordinary General Meeting of shareholders could be called by a board of directors and any new resolutions put to a vote.

Last AGM the board lost the vote on offering new shares by a small margin (McCoists shares) - if we reached an agreement with Ally or another shareholder, can the resolution not be put forward again?

That being the case, DK etc would turn their loans into shares and bring in a few more serious investors who want to see the club move forward.

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28 Feb 2017 16:48:19
BR65, it was only resolution 11 that was defeated, but resolution 10 was passed, to enable a share issue. However, this offer must be made to existing share holders first.
This could possibly inject cash, but would potentially not give dk the majority he desires.

28 Feb 2017 19:22:53
I understand that but we clearly need to reduce the influence of the various shareholding factions who are unsupportive of DK.

Billionaire Ashley is likely to buy more shares if given the chance simply to scupper DK and prevent the club moving forward

28 Feb 2017 22:17:23
Why should dk have control? A share issue under resolution 10 would still bring in investment. Although the soft loans would be more difficult to convert to shares, especially if you don't have any to start with.

25 Feb 2017 19:27:20
Like it or not Ashley is a main player moving forward, The King is Gone long live the king.

He tried but it was not meant to be, Ashley has the contacts and business acumen to take us forward. Bottom line is we are going nowhere with out major investment.

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25 Feb 2017 23:20:31
Omfg! that's all I'm saying😳😳

26 Feb 2017 04:22:50
wtf are you on about king hasn't gone anywhere. and Ashley isn't going to invest after loosing control of the club.

27 Feb 2017 15:53:18
I'm no fan of King but think it's absolutely crazy to imagine Ashley ever being the solution for Rangers' problems.

25 Feb 2017 17:18:44
Surely rangers fans must ask serious questions NOW what is happening. No point letting the board fleece everyone again with a big announcement in April when season tickets are due for renewal.

I now see posts wanting Ashley involved again which to me looks like desperation instead of getting the board to be what they said they would be and that is transparent.

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25 Feb 2017 20:38:40
Lance, it's not really fleecing now is it?

Follow follow til we get back to where we belong (rough and long road ahead) or take your support elsewhere. No-one is forced to buy anything but if enough sunshine supporters don't renew the season tickets you can force change.

On transparency, I don't see any other club in the world washing their laundry in public or issuing their intentions every 10 minutes.

Running a football club is a serious business in normal times. Given the extraordinary times that we are forced to endure I can see no benefit to giving our enemies (MA and the other architects of our current situation) any information.

Fans? Everyone has an opinion but seriously people with football in their blood know more about what's required that the people on the terraces.

Take Murty, youth coach with good knowledge and experience is floundering - it's not as easy as a few hard core naysayers on here seem to believe

26 Feb 2017 00:17:52
People with football in there blood and sit in a boardroom make them more knowledgeable than a mam on the terraces. You mean people like dave king, paul Murray who have already been on a rangers board that failed
You batter on mate and keep putting money into a lost cause because that is what this has become for rangers.

16 million in season books and hospitality, 18 million king said has also been spent and 6 million in soft loans =40 million to be 33 points behind and 9 points behind second.

25 Feb 2017 11:52:21
I think it's about time our current board try to build bridges with Mike Ashley and his people for the benefit of The Club.

I appreciate that things may have gone to far or become more about the personalities involved than for the greater good

The merchandise boycott has worked to a point, but there are no winners. Ashley is making nothing from it and the Club is staved of a huge revenue stream

Currently, our only means of raising substantial capital is through Season Ticket sales. If we don't invest in a young, dynamic and exciting manager, season ticket sales will drop, therefore reducing the amount of money the club can generate.

Ashley has plenty £££'s burning a hole in his pocket.

I don't care if we rename Ibrox "The Sports Direct Stadium" or there is SD advertising all around the stadium.

All I want is our club in a sound financial footing and the team to be successful

We are currently miles behind Celtic, that is not in doubt, whether we like it or not, so the only way I can see us closing the gap both on and off the pitch is get Mike Ashley inside.

He may not be everybody's Cup of tea but at present I see no-one else on the horizon who has the financial clout to move us forward

Thoughts please fellow bears.

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25 Feb 2017 12:00:09
Might be our only option because I can't see anyone else investing and without huge investment we are going nowhere

25 Feb 2017 13:39:14
I have no doubt Ashley is currently involved in some form of talks with some fractions of the board

25 Feb 2017 17:29:11
How can anyone seriously want Ashley involved, after what he has done at the club?

25 Feb 2017 19:41:15
Ashley is a no from me. do we have short memories? we are in court in march with him. which way this goes will determin how strip deal might play out.

26 Feb 2017 09:51:36
Not a Bear or real Gers Man but what I see here sums up why you lot are taken as mugs. Begining of the season you all banged on about winning the league, King being a Saviour, The Magic Hat best Coach in the league, Weir a legend . Spin forward 7 months and happy to finish 3rd, Barry Ferguson as coach and Ashley in control. You couldn't make it up. A gift that keeps giving.

26 Feb 2017 11:05:09

Where is the evidence of Factions on the Rangers board and the certainty you have that Ashley is talking to them. This is possible but very unlikely. Ashley has only two interests- himself and then Sports Direct.

I concede that Rangers need serious investment and is the only way the competition with Celtic will be restored in the next 10 years if we are fortunate. Gradually building a team while we live within our financial means will take many years. We currently are not living within our means and like it or not the only place that investment will come from is the fans in some form of give away. If not being a Rangers fan will continue to be this painfull.

Like it or not If Rangers spend a £5 then Celtic can spend £25. The gap between the clubs has never been greater. We either tolerate it or do something.

We all moan about the team. the quality of player, the stadium, removing the constraints of Mike Ashley etc but we want others to pay for our team and football. If we want to return and compete at any level consistently we will have to pay for it. Season tickets generate no more than £13m a season and the club takes £30m to run. If al season ticket holders accepted paying double for our season tickets for the next 5 years if gauranteez was given that 40% of it was spent on players then the tide would start to turn. If we do not do something then the current level of competition will be experienced and the gap will simply get bigger.

We either do something or continue moaning with no effect from the sidelines

23 Feb 2017 09:51:38
if bdo win the tax case and Sue duff and Phelps for 30 million, the creditors may get paid in full.

which begs the question can oldCo come out of liquidation?

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23 Feb 2017 15:33:21
You clearly don't know what liquidation means- dead, deceased, passed away, no longer exists.
Have u seen the parrot sketch on monty python lol.
Its about as real as Triggers brush.

23 Feb 2017 15:58:13
actually mate a judge in a court of law can overturn liquidations if all debts are paid.

and by the way rayman99 old are in the process of liquidation, the process is not complete yet.

24 Feb 2017 14:59:43
What if the court did overturn the liquidation. Which rangers would you support newco, oldco or would oldco just take newcos history so confusing but also so funny 😅

24 Feb 2017 16:37:47
oldco buys newco problem solved lol.

24 Feb 2017 22:55:22
What if Newco refused to sell to Oldco.
What if Newco buys Oldo.
Which Rangers team would merit your allegiance?

25 Feb 2017 03:46:39
Surely you mean which Rangers company would merit your allegiance? The team is the same.

23 Feb 2017 14:48:11
olcco, could conceivably come out of liquidation but the part of the oldco that was the Rangers Football club was sold on along with trade naming rights, stadium etc. so what would you expect the oldco to do?

19 Feb 2017 17:33:54
A think king should come out and the the fans what's happening instead of hiding over in SA not when he's looking for season ticket money in the summer what do yous think fellow bears

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20 Feb 2017 10:51:30
Problem with that is would you necessarily believe anything King told us?

19 Feb 2017 16:15:55
so david king came out and said they have invested up to 18 million in the club and prob going have to invest more would be intresting to hear how much of that has came from him i bet very little
If rumours are true and other rangers investers are becomeing very wary of david king and his failure to invest like promised.
and there others out there that are willing to invest but not willing to work with king.
then i think king should consider his postion as chairman.
because wee need club rebuilt from top to bottom and a chairman so far away is not good enough he can not give the club his full support from south africa while we rebuild he has tain us far as he can has stabilsed the club but now squad needs a serious overhaul and scouting network and do do this we need funds and king seems to seriously lacking that even tho he previously said he alone would invest 30 million in the playing squad

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20 Feb 2017 08:57:36
as I said previously, DK's rhetoric went from HIM investing £30 million to WE need £30 million investment.
Another shyster and grifter conning the hard working supporters out of their money.
Club was sold to Green even although there were higher bids submitted.
Wonder of the mob who pushed the Yank and his money away are happy now?
Strong mumbles of another admin starting to be heard by quite a few people.
Would hate to think there is any truth in this as that would be it if so.

20 Feb 2017 09:40:52
David king promised a lot of things and so far has failed to deliver on any of those promises or backtracked on him self and the way he handled the situion with warbutton is a shambles time for him to step aside and let others invest
He is only intrested in getting the share issue threw and when this hasn't happend there has been no back up plan

20 Feb 2017 15:16:43
I, ve said this in the past but maybe nobody cares what I think?
To invest means you are looking for a future return on monies invested.
I do believe he has spent big money in our club but IMO it was to increase his share holding so in return reducing ASSWIPES strangle hold over every vote that had gone on with bad buisness contacts put in place ie strips, naming rights ect.
Many big fights are going on in the background and I do hope King wins allowing him the chance to do what he promised if not sell out to a major investor. We all know the name banded about.
Or is the just BULL also.

23 Feb 2017 13:24:31
some people are so impatient!
listen to this king and co have allowed over 20 new players to come in in two years paying their wages and transfer fee (if needed) .

i personally don't blame him to think he didn't need to spend much to catch celtic as las season we played far better football and its not because we where in a lower league we where far better last year than we are this year! "FACT.

we need to get behind king as he is trying to get us out of contracts that are crippling our club and scaring away investors.

17 Feb 2017 21:29:46
Seen all the news articles and journalists mocking rangers board for not answering any questions but I just assumed rangers would be advised not to discuss anything with anyone till the legal case has been resolved? So surely the board are doing the right thing by not making public statements

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18 Feb 2017 13:15:12
They started with the public statements, oh the irony.

20 Feb 2017 08:59:56
Fair point Kwaj, Mr King led the way instead of keeping his mouth shut.
How is it this club has been able to attract so many conmen in such a short space of time. I see DM is keeping a very low profile.

20 Feb 2017 15:12:45
Does that include the conman who signed 14 out of 19 players all through his daughters management company?


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