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Big Rangers Administration/Liquidation Thread - All chat here!


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The whole thing just smacks of poor financial management and pie in the sky assumptions about future earnings.  All very lol-tastic.  Especially liked the line that says future transfers in will have to be covered by transfers out.

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4 hours ago, The DA said:

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

"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."

I thought under FFP Clubs (or is it Companies?) weren't allowed to rely on prize money from European football to remain solvent or a going concern?

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I thought under FFP Clubs (or is it Companies?) weren't allowed to rely on prize money from European football to remain solvent or a going concern?

In fairness that note is saying European football will have a bearing on the final amount not that they’re relying on European football to remain a going concern.

The takeaway is that they need an additional £4m investment this season (starting this month) and will need an additional £3.2m next season from somewhere.
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26 minutes ago, bennett said:

The QC must be in jail again, there's no way that he'd willingly miss sevcos accounts.

 

 

What's your opinion on the latest accounts, Bennett? Do you still have faith in the current Board at Ibrox?

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1 hour ago, Granny Danger said:

There’s an implication in all this that serial lier and tax cheat Dave King is not going to do the things that he said he would do.

That can’t be right surely.

Serial liar : it even reads back to front, a bit like them. In denial is another way of reading them. 

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First question up on Sportsound tomorra afternoon should be....:rolleyes: " well Barry , who do you think will cover the loan to get Del fae Pittodrie ?? " Wonder who will ask  ?? 


Barry’s wife could probably afford to loan them the money.
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