09 Apr 2012 23:02:25
Because the debts come with the assets
Because it's a fictional 126m.What assets do rangers have worth that much? the selling price includes the debt,known and unknown.With every passing week the debt gets higher and higher.There is the season end to consider when there is no income.Remember season ticket cash is limited due to ticketus.
Cos they are aw on the never never. you take a loan wi wonga you would get huntd down if ye didny pay it. these people dont care bout that hide behind courts and things like that. graeme
Quote...Phil Duffy! Duff and Phelps very own website!! "In the past HMRC has been a firm supporter of CVAs, but recently it has been rejecting a number of CVA proposals. While there are no published statistics on the numbers of liquidations resulting from failed CVAs, history would suggest a large percentage have failed; it is believed that the failure rate of CVAs post approval is somewhere between 60 and 70 per cent," hhmmmm
Sounds like a bargain: Why don't you buy them?
It's not worth £20m. CW paid £1 for it. The £20m doesn't go to CW - it's £12m to creditors and £8m working capital. In other words Rangers is worth MINUS £20m.
Comet was sold for just £2.
Q. How much is a football club worth ? Ok with our debt standing at 134 million and rising I'm thinking along the lines of how much would it cost to buy a Man Utd or Liverool or even a top European side ! Both English sides I've mentioned have Debts of 400 million so for 134 million and getting our great club for 30 million or even paying the full 134 debt whoever gets our club is getting a bargain ? The airport bear
The assets were marked up to encourage a sale in reality Murray Park Ibrox and the albion car park aren't worth anywhere near the value that's mentioned.
You say Man Utd & Liverpool have debts of £400m? maybe they are but they pay their bills hence people want to do business with them! you on the other hand do not even pay a face painter £40 ffs who would you trust with your money?
The amount someone will pay to buy a business is based on the turnover and/or operating profit. Assets are a separate thing, Often with a business, there are no tangible assets such as property, though clearly there are in this case.
Man Uts debt is around to £700 million mark.
As a going concern, a buyer looks at current "book value" (assets less liabilities) as well as future earnings (sales less costs). The price of the latter is subjective.
You can't. Next question?
Worth stressing that Rangers - in non Eurpopean qualification seasons - generated about £35m per year and burned about £45m. 2/3 of that was players.
In a nut shell you cant sell the club for £20 million if the assets are worth more .this is the problem with these bids the assets are worth more than the bids.and that's if white accepts the bids he owns the club
Thta's precisely the problem trying to ensure a CVA. Figures talked about on that are 10 - 15p in the pound, but if there are debts of £134m and even an asset value, conservatively, of £60m, then it's a no-brainer for the preferred creditor to go for liquidation which will give them c. 40 p in the pound.
← Back To Rangers Rumours
We take no responsibility for the accuracy or otherwise of published rangers rumours
Copyright © rangersrumours.co.uk All Rights Reserved.