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Big Rangers Administration/Liquidation Thread - All chat here!


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Dig deep, my lead-swinging friends

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At the time of preparation, the forecasts identified that the Group would require a minimum of £4.0m additional funding by the end of season 2017/18 in order to meet its liabilities as they fall due. The first tranche of funding is required in November 2017.

 

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So major lender is new oasis but king has no control though guarantees from them that money to loan is available.
Yet he pleads poverty... aye wouldnt trust him to tell me the day of the week

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If Ally's in charge, we're fucked again...

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Further funding amounting to £3.2m is forecast to be required during the 2018/19 season. However, the final amount is dependent on future football performance and European football participation amongst other factors.

 

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1 minute ago, Drew Brees said:

No chance it’ll be in the red tops by tomorrow, old news by Sunday buried behind the football results, if at all. Essentially a good time to bury bad news.

In which case, this is maybe a good time to mention that... Nah, maybe not.

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6 minutes ago, MONKMAN said:

£16 million in debt with another £4 million required just to see out the season and to top it all off, they’re fucking shite.

You couldn’t make it up. They really are the gift that keeps on giving.

And a further £3.2m for the season after that...

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That’s before paying off Pedro and before paying for his duds, the transfer fees and the wages, the wages of some of their players are said to be insane.

Thread here worth reading. Popped up on my timeline.



Richard Wilson telling everyone on Sportsound Rangers are in a great financial position. [emoji1]
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55 minutes ago, MONKMAN said:

£16 million in debt with another £4 million required just to see out the season and to top it all off, they’re fucking shite.

You couldn’t make it up. They really are the gift that keeps on giving.

There's a quote running through my head from a song right now `Won't you stay with me? Stay with me`... 

Goodbye whoeveryoutriedtobe plc - it has been fun. 

 

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