Rangers Finances

 

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16 Jul 2021 11:46:40
Do we need to wait on the AGM for the accounts to be published?

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16 Jul 2021 21:15:08
Pretty sure the accounts are out first few weeks in December just before the AGM.

17 Jul 2021 12:16:12
Cheers Mols they used to do a 6 monthly but I think they ve been binned just interested to see how this year has gone.

18 Jul 2021 09:58:28
I believe that interim 6 monthly accounts are not a legal requirements and an optional preference but annual accounts are a legal requirement.

18 Jul 2021 17:32:16
Correct Mols.

18 Jul 2021 20:59:36
100% mols just mentioned it because last 2 years they've not given 6 monthly reports. But the fact we're not in a desperate rush to sell is a good sign.

10 Jul 2021 12:37:24
Somebody has to be sold to fill 14million debt even 10 million for morelos will be a possibility.

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11 Jul 2021 11:52:36
Not what the board has said.

No doubt that our business model means player sales in the future but not sure we are at that point in our development yet.

Personally I think we are selling to bring in better to improve the squad but a serious offer for one or two players would be difficult to turn down if we have replacements in place.

11 Jul 2021 12:22:49
I agree DK … two years champ league money is well within our grasp . Especially with this young manager.

11 Jul 2021 14:54:36
6 counties doesn't make sense to sell for that reason I'd sell him because he only has 2 years left on his contract and at the right price. Keeping him could earn us upwards of 30 mil championship league money. Goal scorers aren't easy to find.

22 Jul 2021 12:25:08
Do 19 the board did say that last season that players this season will be sold to balance the books. common knowledge.

29 Jul 2021 14:40:47
Think it was more down the lines of not under pressure to sell but its part of the business model.

02 Jul 2021 22:15:22
How much does the business interruption insurance cover us for we made a claim at the start of C.V. but never heard anything after that.

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04 Jul 2021 16:03:14
I think hibs made a claim of 2 m although still to ge settled I think . I would imagine ours would be relevant 6 plus realistically.

04 Jul 2021 22:43:50
That would be a positive Mols fingers crossed its some of the wayto covering it. When do the accounts come out for 2021?

05 Jul 2021 13:27:31
55 did rangers have this cover mate.

05 Jul 2021 14:41:48
Read it in a news piece early doors. Where Douglas Park I think was quoted saying the group were making a claim. Not conclusive nor am I an expert but this was what I read.


The group has submitted a claim on its Business Interruption insurance for losses caused by C.V., the curtailment of the 2019/ 20 season and the ongoing C.V., which continues to impact a number of revenue streams and the use of the stadium. The scale and timing of any claim is uncertain, however we have recognised amounts received from our insurers against our claim to date.

05 Jul 2021 16:02:28
55 gers this would be excellent, shows we r being well run imo.

05 Jul 2021 18:00:04
Think there was also a ruling to force insurance companies to pay out at one point for C.V. to the tune of 100s of millions easily googled but that's way above my expertise.

06 Jul 2021 08:00:23
Just saw a link on FF someone saying were making a claim for 10 Mill but its not backed up by anything. I can't see why this wouldn't be the case why take out b. i. i if it doesn't cover what your business makes.

06 Jul 2021 15:34:52
55 this would be very good if true. Good info mate.

10 Jul 2021 11:23:19
55 I looked into your info re insurance. Once again you r on the button. Rangers have submitted two claims in relation to business disruption.
It says insurance company saying it was not for C.V. cover. However, as u say there has been a court ruling saying they have to pay out.

11 Jul 2021 14:37:55
Spot on john well done for confirming i wasn't 100% on it but was interested. It will be interesting to see how they work it out. Technically we're loss making business but any money we weren't in line for then great.

12 Jul 2021 14:24:10
Correct 55.

22 Jun 2021 17:18:53
Rangers took £3.2 million of ScotGov loan.
Maybe Humza etc aren't that bad after all😲😂😂😂😂.

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22 Jun 2021 17:54:52
It's to fund the nisbet transfer😂.

22 Jun 2021 18:24:50
Mr ph, very good business in cv times.
Interest free loan over 20 years, payable at 12500 a month,

25 Jun 2021 16:07:00
Yip ud take it even if there wasn't C.V. wouldn't make sense not to.

26 Jun 2021 11:42:09
Exactly 55.

27 Jun 2021 14:55:38
Sorted a CBILS loan for one company and a Bounce Back loan for the other. Cheapest money to be had anywhere according to my accountant.

27 Jun 2021 19:32:51
Seeker he is correct. I looked into this for a family member, although I’m now retired. Despite many moans great deals and terms for a business.

27 Jun 2021 23:42:35
John 👍.

14 Jun 2021 19:03:05
I purchased 4000 shares in rangers this morning through tifosy who's handling the new share issue 👍Did anyone else purchase shares 🤔I had pre-registered last week so got an exclusivity email to purchase this morning at 10am.

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15 Jun 2021 11:57:47
How much did u pay per share.

16 Jun 2021 08:53:58
John25

I bought some yesterday, and it works out at 25p per share.

16 Jun 2021 10:42:23
Me too molsgoals, I had just hoped SGL was muddled and had not spent 16k.

17 Jun 2021 19:04:47
Sorry should read mols.

10 Jun 2021 21:56:18
Just listened to a cracking podcast with John Bennet interviewed by kieran mcguire.
The price of football podcast.
Lots of information on the shares issue and our clubs finances etc past and present. Interestingly he talks about the possibility of some of the Scottish clubs taking part in the Caribou cup (English league Cup) I think that would be great if it was to ever happen and the broadcasters would love it.
Have a listen to the podcast as it's very informative.

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12 Jun 2021 11:51:57
Yip listened to it earlier he's very good and credit to them for coming out and giving an interview. Think he answers your question mull about loans because no one would loan to us other than close brothers he even mentioned 8% for that facility. No reason to doubt him he seems reasonably positive about the financial results. Interesting to here the new shares are to be traded above 20p.

09 Jun 2021 19:30:00
Hands up gents just read a wee bit that Dave King is happy to wait for his shares to be sold over time. Also said that the existing shareholders had been approached about the share issue so its not the split in the board I was moaning about. Has anyone any idea how much we've raised this year in shares?

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10 Jun 2021 10:19:42
55 gers. Listen to a podcast king and 1872.
He clearly said he would delay sale to 1872 by two years.
This was to allow them to invest in shares where money goes directly to club first.
He is very relaxed about it. Explains how SA finance rules prevent him moving further money out of country.

10 Jun 2021 12:11:58
Think that's what I was reading it off the back of so fair play to the man. Have to say after being initially sceltical about DK he keeps impressing me more and more. Love the man.

10 Jun 2021 20:07:55
Dave King is the man . I really really think we should have a campaign whereas we request him to unfurl the flag . I appreciate Douglas P and the board so much by DK really made it all happen .
Thank you Dave.

11 Jun 2021 12:57:55
King has already said he will not unfurl flag, that’s for park he says.

11 Jun 2021 16:32:08
Ok thanks John . that’s a shame.

 


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