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Big Rangers Administration/Liquidation Thread - All chat here!


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On 12/22/2017 at 14:09, bennett said:

"Future accounts will have retail profits, historically around £4-5m. The recent accounts showed a one off payment to general Mike, very little if anything on the retail front...

Last year of the sports direct deal, at far better terms with a new deal....

suggests the prospect of breaking even or even a small profit...

The recent accounts also stated that "Further funding amounting to £3.2m is forecast to be required during the 2018/19 season" to offset the operating loss and balance the books, even with the prospect of a new retail deal.

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4 hours ago, MrSpikey said:

The recent accounts also stated that "Further funding amounting to £3.2m is forecast to be required during the 2018/19 season" to offset the operating loss and balance the books, even with the prospect of a new retail deal.

Your post suggests that outside the quotation marks it's your own words. Can't be arsed searching for accounts to check.

Tho board did say that the club would need an investment up to £30m.....to cover..... 

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16 minutes ago, bennett said:

Your post suggests that outside the quotation marks it's your own words. Can't be arsed searching for accounts to check.

Tho board did say that the club would need an investment up to £30m.....to cover..... 

"investment" suggests some way of getting the money back..........and don't say share issue as Fridays ruling blows this out of the water.

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  • 2 weeks later...

Bookies suspend Rangers relegation betting amidst administration rumours

Bookmakers have suspended betting on Rangers being relegated, following rumours of financial troubles resurfacing at the club.

Callum Wilson | Monday 8th January 2018 / 17:38

    

Oddschecker sources have confirmed bookies will not take bets on the Glasgow club to finish bottom of the Scottish Premiership, amidst rumours the club is once again in financial peril.

Just yesterday (January 7), Rangers were available to bet at a staggering 5000/1 to go down a tier of Scottish football.

Earlier this morning, that price plummeted to just 500/1, a drop of 90%, and finally resulted in bookmakers suspending markets completely.

Activity through the site has been abnormal, with a surge of bets on the downfall of Greame Murty’s side.

23 points separate third-placed Rangers with bottom place Ross County, with the gap arguably too far to justify a swarm of betting on the club to go down.

A total of 94% of all bets on the ‘to finish bottom of the league’ markets have been placed on the blue side of Glasgow, with 64 individual bets within the last 6 hours alone.

Oddschecker spokesperson George Elek said: “Five years to the day since Rangers entered administration, there has been some strange goings on in the betting world.

"Here at Oddschecker we’ve seen a huge spike in bets on Rangers to finish bottom, a ridiculous bet when you consider how far off the drop they are.

"However, with rumours starting to circulate on social media, and bookmakers suspending markets, it is easy to see how the story is starting to gather pace.

“We’ve seen an abnormally massive amount of bets on Rangers to be relegated today, with punters piling in on the massive price of 5000/1.

“So much so, that bookmakers will no longer take bets on Murty’s team finishing bottom of the league – despite being a whopping 23 points off of it.

“To call it a strange would be an understatement, and Oddschecker sources have confirmed the unusual activity in the betting for Rangers to be relegated, similar to the circumstances the club faced first time around with their financial struggles.”

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This may well be a stupid false run based on a few bets (How hard to organise 64 guys to place one pound bets on the 5th anniversary of the 1st shitstorm).

 

But a false run on a market can have a real effect and if they have anyone they owe money to asking for cash only can happen....

Or teams like Brighton won't contempt signing any deal with future payments in terms.

 

Could be anything or nothing but will say one thing....

 

fuKING entertaining again

 

 

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Fingers crossed firmly....lol. Sevs staying it's a load of rubbish as they are signing players. Sadly they are not, they are getting players on loan that will go straight back to their clubs if they go tits up and who can ever forget what followed after they tried to resign Cousin in 2012....lol. Just make it happen, please. What a way to start 2018 if it's true!

Edited by Sting777
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