AberdeenBud Posted October 1, 2013 Share Posted October 1, 2013 TRFC now owe RIFC 16 million. #leaseback 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted October 1, 2013 Share Posted October 1, 2013 Operating losses of £14m – approx £1.15M a month in June, they had £10.2M in the bank – so, today, 3 months later, we can take 3.45m off that. That gives them £6.75M in the bank. That should see them through for another 6 months. – the end of March 2014 Unless they have another share issue, sale/leaseback or some other injection of cash – they won’t see out the season. They may time admin nicely for the end of the season and have close season to sort it all out. but it looks like it will be the gift that keeps giving. Now, will Ally do enough to ensure they secure promotion even with the points deduction for admin? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted October 1, 2013 Share Posted October 1, 2013 Players wages/bonuses will obviously increase next year. Maybe/probably, hopefully revenue coming into the club via sponsorships/tickets/ matchday hospitality etc also increases. Though i won't hold my breath as we our board seem to have accepted any old shite just so that it looked good on paper. Onwards and hopefully not downwards as they say. 0 Quote Link to comment Share on other sites More sharing options...
Jimmy85 Posted October 1, 2013 Share Posted October 1, 2013 £14 million to win the Scottish 3rd (third) Division? :lol: :lol: What a fucking shambles. Yet the bigoted morons are still lapping it up 0 Quote Link to comment Share on other sites More sharing options...
Joey Jo Jo Junior Shabadoo Posted October 1, 2013 Share Posted October 1, 2013 Operating losses of £14m – approx £1.15M a month in June, they had £10.2M in the bank – so, today, 3 months later, we can take 3.45m off that. That gives them £6.75M in the bank. That should see them through for another 6 months. – the end of March 2014 Unless they have another share issue, sale/leaseback or some other injection of cash – they won’t see out the season. They may time admin nicely for the end of the season and have close season to sort it all out. but it looks like it will be the gift that keeps giving. Now, will Ally do enough to ensure they secure promotion even with the points deduction for admin? There is still £2.4 million season ticket cash to come in (Note 15). 0 Quote Link to comment Share on other sites More sharing options...
Highlandmagyar Posted October 1, 2013 Share Posted October 1, 2013 are we dead yet? Soon, petal, soon! 0 Quote Link to comment Share on other sites More sharing options...
Romeo Posted October 1, 2013 Share Posted October 1, 2013 Maybe/probably 100% certainty. Fucked again...can't say you were not warned. Everyone bar sevco fans saw this coming. You've all let your club die...AGAIN. 0 Quote Link to comment Share on other sites More sharing options...
Jimmy85 Posted October 1, 2013 Share Posted October 1, 2013 100% certainty. Fucked again...can't say you were not warned. Everyone bar sevco fans saw this coming. You've all let your club die...AGAIN. It really is fucking hilarious tbh. First time round they sat on their fat bigoted arseholes and let their club die. Now a few months down the line the vast majority of the same fucking idiots have done it again. £14 million to win the Scottish Third Division Magnificent. Utterly magnificent. 0 Quote Link to comment Share on other sites More sharing options...
doulikefish Posted October 1, 2013 Share Posted October 1, 2013 £14 million to win the Scottish Third Division Magnificent. Utterly magnificent. By 24 points though 0 Quote Link to comment Share on other sites More sharing options...
54_and_counting Posted October 1, 2013 Share Posted October 1, 2013 Soon, petal, soon! good, having saturdays and sundays taken up is too much the now 0 Quote Link to comment Share on other sites More sharing options...
54_and_counting Posted October 1, 2013 Share Posted October 1, 2013 Operating losses of £14m – approx £1.15M a month in June, they had £10.2M in the bank – so, today, 3 months later, we can take 3.45m off that. That gives them £6.75M in the bank. That should see them through for another 6 months. – the end of March 2014 Unless they have another share issue, sale/leaseback or some other injection of cash – they won’t see out the season. They may time admin nicely for the end of the season and have close season to sort it all out. but it looks like it will be the gift that keeps giving. Now, will Ally do enough to ensure they secure promotion even with the points deduction for admin? i take it since june we havent earned a single penny then? 0 Quote Link to comment Share on other sites More sharing options...
doulikefish Posted October 1, 2013 Share Posted October 1, 2013 Theres also a small matter of hmrc tax case to answer aswell 0 Quote Link to comment Share on other sites More sharing options...
captain kirk Posted October 1, 2013 Share Posted October 1, 2013 Theres also a small matter of hmrc tax case to answer aswell Not to mention all the spivs pay offs when they go. 0 Quote Link to comment Share on other sites More sharing options...
parsforlife Posted October 1, 2013 Share Posted October 1, 2013 I could be wrong but the 11m contains about 4-5m season ticket cash, but that cash counts as part as their normal income so doesn't count towards off-setting losses. Therefore it actually only leaves about 6 months cash to cover losses. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted October 1, 2013 Share Posted October 1, 2013 i take it since june we havent earned a single penny then? Yes, you have, but your expenditure is exceeding this income by around 1.1 million a month. It's really not that difficult. You might just, just, be able to cling on till the end of the season, then you can all line the spivs pockets again. 0 Quote Link to comment Share on other sites More sharing options...
George Caplin Posted October 1, 2013 Share Posted October 1, 2013 Look on the bright side The Gers fans, At least your paying your taxes..........for now anyway :-) 0 Quote Link to comment Share on other sites More sharing options...
Double Jack D Posted October 1, 2013 Share Posted October 1, 2013 Operating losses of £14m – approx £1.15M a month in June, they had £10.2M in the bank – so, today, 3 months later, we can take 3.45m off that. That gives them £6.75M in the bank. That should see them through for another 6 months. – the end of March 2014 Unless they have another share issue, sale/leaseback or some other injection of cash – they won’t see out the season. They may time admin nicely for the end of the season and have close season to sort it all out. but it looks like it will be the gift that keeps giving. Now, will Ally do enough to ensure they secure promotion even with the points deduction for admin? i take it since june we havent earned a single penny then? I think you do simplify it a tad AberdeenBud. The £1.15m is their monthly deficit over a thirteen month period, not their monthly outgoings. I would imagine that the outgoings are reasonably stable each month however their income is over represented between May and September when Sponsorship/ season ticket/ prize money is divvied out. Therefore their monthly deficit may not be that great in these months and we may even see a surplus during this time. Looking at the figures (11.5m in the bank with operating deficit of £14m), they may be able to scrape to the end of the season if they reduce some of the one-off expenses and increase revenue. With no access to bank funding, they cannot afford to have an operating deficit greater than the £11.5m they have in the bank to next June 30th. Barring external investment, leaseback or some form of overdraft facility the cash flow problems are likely to materialise toward the latter part of this season as the £11.5m in the bank (plus any additional season tickets/ pay at the gate income) dwindles. I've only skimmed the document but the "one off costs" appear to be around £4m which means an ongoing deficit of around £10million. It's difficult to see how the residual fixed costs can be reduced to close this gap so the only way to do it is increase revenue. Difficult to see how they can increase revenue by £10million in the diddy leagues. Would be pretty difficult in the top flight! In my unprofessional opinion, they look like they have enough money to complete this season but the fuel may not last the whole journey. 0 Quote Link to comment Share on other sites More sharing options...
weirdcal Posted October 1, 2013 Share Posted October 1, 2013 When the demolition starts I want a shot of that wrecking ball, preferably with that Cyrus burd still on it 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted October 1, 2013 Share Posted October 1, 2013 I thought the accounts would have been worse, they aren't as bad as I feared. There's obviously a lot of room for improvement by getting the players and staff wage bill lowered. We still have the Puma, Sports Direct and Blackthorn deals to be added on. How, have they not materialised yet? Imagine, them renaging on payment, I wonder where they would get that sort of idea from? 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted October 1, 2013 Share Posted October 1, 2013 TRFC now owe RIFC 16 million. #leaseback Does that include, or exclude, the loan that originally bailed them out. Or is that just the rental on I-broke & Cooper Park? 0 Quote Link to comment Share on other sites More sharing options...
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