30 Apr 2025 16:35:09
Ibrox, Copland Ehl, anyone picking up we're going to sell Ed House, circa 15million, with a share of takings?
30 Apr 2025 16:50:36
Not heard anything John, but not really an area I'm close to.
Part of me hopes it's true and we sell it to an arm of the 49ers group.
Would really set the hares racing.
I did today hear a manager's name from inside the club for a first time - so let me know if you Guys hear any rumblings.
I expect there to be a lot of interesting chat at the game tonight.
30 Apr 2025 16:50:57
Wow! How do you feel about that? Feel it would be good but something doesn't sit right.
30 Apr 2025 16:58:23
Simple way to make money. Sell a club asset to the Major Shareholder.
30 Apr 2025 17:01:16
Who's EH?
30 Apr 2025 17:02:24
Sounds like a Chelsea move where they sold women's team to themselves and hotels etc.
30 Apr 2025 17:03:32
Not heard anything about it but we should.
A terrible decision by Bisgrove especially with needing Castore to chip in with some of the money for it.
An entertainment venue that isn't big enough to host our own POTY awards.
30 Apr 2025 17:11:54
Would that be a good idea John? As that not help with finances etc…. Instead of a quick buck? Also depends on the % we get.
30 Apr 2025 17:15:19
Would be very wise. A bisgrove disaster class.
30 Apr 2025 17:18:01
Would this be a way round ffp? ✌️✌️.
30 Apr 2025 17:35:15
Ehl any hints on the name?
30 Apr 2025 17:37:48
Feels like a failed opportunity John.
30 Apr 2025 17:42:49
EH is New Edmiston House, McMinn.
30 Apr 2025 17:54:59
Edmiston house was the brainchild of King and Bennett.
Outline planning was submitted before his grove joins rangers.
According to our acct it was funded by selling land and a 10 million loan by Bennett.
30 Apr 2025 18:00:21
That is how they'll get money in fast for the summer window, be other things as well, will be a big squad turnover.
30 Apr 2025 18:35:41
As much as I despised Bisgrove, I don't think we can blame him for EH.
Cost around £12.5m to build, sell for £15m, so once Bennett has been paid back, what does that leave? I'm guessing the £10m has interest on it?
I've said it before, and I'll say it again, EH was, and is, nothing more than a vanity project.
30 Apr 2025 18:51:01
Not necessarily mystar. Uefa are already rejected Chelseas sale of the women's team to themselves as ffp income that can be used to sign players.
Murky water.
30 Apr 2025 19:11:07
EHL, blink twice if the name wasn't Steven Gerrard!
30 Apr 2025 19:11:35
Sunshine Bennett took shares for what he was owned. Eh is solely owned by the club.
30 Apr 2025 19:11:51
EHL, did the manager's name that you heard for the first time today inside ibrox excite you mate and would he excite most of us, if he did indeed become our new manager mate ?.
30 Apr 2025 19:34:11
Raskin they'll find some way, maybe wishful thinking mate.
30 Apr 2025 19:36:04
Ehl yer a wee tease so yer getting all our man nips hard then no even a hint shame of you ;)
30 Apr 2025 19:52:59
John did the name you heard an exciting one or underwhelming?
30 Apr 2025 20:16:04
EH was and is a total waste of money and should have gone into the squad. Another example of how the previous board squander and squandered money left right and centre.
30 Apr 2025 20:21:00
Did we not make a grand profit of 200k for its first year opening?
30 Apr 2025 20:46:15
Think the best way again would be a sponsor buying the naming rights. and hopefully demolishing the "founding fathers" wall and bench abominations.
30 Apr 2025 20:51:40
You can't take the money at the time used for NEH and invest it in the squad, that's were FFP would kick in, NEH funding was outwith FFP. If 49ers bought or leased NEH from the Club as an asset then they can invest that money in the team. Exactly the same as buying the naming rights to RTC or Ibrox.
30 Apr 2025 20:52:17
Gdog it was loans that paid for it so why would it go into squad?
30 Apr 2025 21:00:50
Very good idea even if we lease it back from them on a 25yr lease! Very popular in private equity 1 of my former employers raised 250mil selling some sites off and leasing them back! Would this be the same idea John or just we pay them rent for the shop and museum, and they then run the events side?
30 Apr 2025 21:08:23
Yes John hearing edminston house to be sold as 49rs do not believe it to be able to generate enough revenue.
30 Apr 2025 21:30:27
Ehl not asking for you to disclose the managers name you have heard but is it a name that excites you if they where to become the new manager?
30 Apr 2025 21:55:09
John2561, Check Companies House documents Rangers are parent company, but Bennett still has a charge over New Edmiston House, Companies House would be notified if loan was repaid
Also Parks of Hamilton have a Commercial interest
Accounts to 30th June 2024 have still to be published.
30 Apr 2025 22:08:04
Stevie G.
30 Apr 2025 22:07:46
Inigo Perez?
01 May 2025 07:00:34
Rehab, benne yay no longer has any charge on anything at rangers. This was settled recently
Parks pay 500 k a year to sponsor EH.
01 May 2025 09:58:04
Storm, there's more than one way to skin a cat.
It was totally unnecessary at the time!
A museum or back SG after 55! I know what I wanted!
01 May 2025 16:15:33
GDog, there isn't another way to skin a cat, FFP is fairly straight forward you can't invest more than the percent of your revenue. EH was meant to be a way of increasing revenue and inturn allowing for a higher over all squad cost.
if you used the money that it cost to build in the squad we will have breached FFP simples as that. we came out of covid with less revenue without any major reduction in costs so we were close to falling foul. SG caused a lot of the overspend asking for Morelos and Kent and others to be given better contracts and what did we get in turn, zilch, zero, nada, nothing.