DMCs Posted November 6, 2021 Share Posted November 6, 2021 (edited) 5 minutes ago, Jinky67 said: I’m asking a question so as to understand it as the article suggests they relied on 21 million last season from directors in funding and still made a 23 million pound loss. If that’s not the case cool hence the question. Either way it seems to spell fucked Our accounts say £33.5m paid in first team wages with about £48m in revenue. If you take a £23.5m loss from that figure you get £24.5m which means a £9m shortfall. Just think logically about it. Do you think we literally aren't paying those players what they are contracted to receive? EDIT: Also "fucked" is interesting terminology. Champions and top of the league by 4 points... Edited November 6, 2021 by DMCs 0 Quote Link to comment Share on other sites More sharing options...
Jinky67 Posted November 6, 2021 Share Posted November 6, 2021 Just now, DMCs said: Our accounts say £33.5m paid in first team wages with about £48m in revenue. If you take a £23.5m loss from that figure you get £24.5m which means a £9m shortfall. Just think logically about it. Do you think we literally aren't paying those players what they are contracted to receive? I haven’t read the report fully but to quote the Scotsman “The Scottish champions were sustained by £21 million of loans from shareholders and investors through the period to June 30, 2021.” Your accounts include that figure as part of the £48m revenue figure you quoted? 0 Quote Link to comment Share on other sites More sharing options...
DMCs Posted November 6, 2021 Share Posted November 6, 2021 2 minutes ago, Jinky67 said: I haven’t read the report fully but to quote the Scotsman “The Scottish champions were sustained by £21 million of loans from shareholders and investors through the period to June 30, 2021.” Your accounts include that figure as part of the £48m revenue figure you quoted? Mate just give up jesus you're wrong here. 0 Quote Link to comment Share on other sites More sharing options...
Jinky67 Posted November 6, 2021 Share Posted November 6, 2021 (edited) 4 minutes ago, DMCs said: Mate just give up jesus you're wrong here. I haven’t suggested I’m right I’ve only asked you if the 48 mil you generated in revenue includes the 21 million pounds provided by directors? That seems a pretty straightforward question to ask someone who has read the report in full and could have been answered with a simple yes or no Edited November 6, 2021 by Jinky67 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 6, 2021 Share Posted November 6, 2021 Jinky CA knows when to dig deeper... 0 Quote Link to comment Share on other sites More sharing options...
wastecoatwilly Posted November 6, 2021 Share Posted November 6, 2021 14 minutes ago, Jinky67 said: I haven’t read the report fully but to quote the Scotsman “The Scottish champions were sustained by £21 million of loans from shareholders and investors through the period to June 30, 2021.” Your accounts include that figure as part of the £48m revenue figure you quoted? If they don't win the league to get the champions league dosh or don't sell a few players at a decent wedge they're fecked M8. 0 Quote Link to comment Share on other sites More sharing options...
DMCs Posted November 6, 2021 Share Posted November 6, 2021 10 minutes ago, Jinky67 said: I haven’t suggested I’m right I’ve only asked you if the 48 mil you generated in revenue includes the 21 million pounds provided by directors? That seems a pretty straightforward question to ask someone who has read the report in full and could have been answered with a simple yes or no The answer is no obviously. 0 Quote Link to comment Share on other sites More sharing options...
Jinky67 Posted November 6, 2021 Share Posted November 6, 2021 3 minutes ago, DMCs said: The answer is no obviously. Thank you that’s all i was asking 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted November 7, 2021 Share Posted November 7, 2021 20 hours ago, AJF said: Jesus, are you deliberately missing the point I was responding to a point made about the impact covid had on our losses. It is not rocket science to work out that there still would’ve been a loss had it been a “regular” season, but there’s also no denying covid increased it significantly. So did you not have fans taking out season tickets and buying PPV like most other clubs? It’s true the hospitality would suffer a loss but not the season ticket money, ppv, etc. 0 Quote Link to comment Share on other sites More sharing options...
Grangemouth Bairn Posted November 7, 2021 Share Posted November 7, 2021 15 hours ago, Jinky67 said: Thank you that’s all i was asking This will explain it for you. https://assets.ctfassets.net/39646iezddpk/iqWGrSHuBKRWHdWfD47xh/f13e45eb51a6e0f5a54e6b5e02195d01/Rangers_Reports_and_Accounts_2021.pdf 0 Quote Link to comment Share on other sites More sharing options...
Drew Brees Posted November 7, 2021 Share Posted November 7, 2021 17 hours ago, DMCs said: 1 - not necessarily. Our debt is £13.5m as loans have been converted to shares 2 - our current directors in the main 0 Quote Link to comment Share on other sites More sharing options...
Dons_1988 Posted November 7, 2021 Share Posted November 7, 2021 What drives guys to spend their Saturday arguing about who received more business interruption insurance? 0 Quote Link to comment Share on other sites More sharing options...
DMCs Posted November 7, 2021 Share Posted November 7, 2021 2 hours ago, Yflab said: So did you not have fans taking out season tickets and buying PPV like most other clubs? It’s true the hospitality would suffer a loss but not the season ticket money, ppv, etc. Yeah that's in the figures but we didn't have that opportunity for European games for one thing which can be really significant. 0 Quote Link to comment Share on other sites More sharing options...
AJF Posted November 7, 2021 Share Posted November 7, 2021 2 hours ago, Yflab said: So did you not have fans taking out season tickets and buying PPV like most other clubs? It’s true the hospitality would suffer a loss but not the season ticket money, ppv, etc. Season tickets only cover home league matches. Impressively, we only sold 707 less season tickets than the season before, but our match day income was massively reduced. As was mentioned before, gate receipts and hospitality were down from £35.7m to £18.2. Our European income suffered the most. Due to us being unable to sell match packages and broadcasting rights for these fixtures, our European income fell from £20.7m to £11.7m. So while we were still able to sell season tickets, our overall matchday and associated income was well down. 0 Quote Link to comment Share on other sites More sharing options...
AJF Posted November 7, 2021 Share Posted November 7, 2021 1 hour ago, Dons_1988 said: What drives guys to spend their Saturday arguing about who received more business interruption insurance? Come on now. You know fine well I was only using that argument to debunk the claims made by Willy. 0 Quote Link to comment Share on other sites More sharing options...
wastecoatwilly Posted November 7, 2021 Share Posted November 7, 2021 13 minutes ago, AJF said: Come on now. You know fine well I was only using that argument to debunk the claims made by Willy. The minute you go down the witabootary route you lose the debate M8. 0 Quote Link to comment Share on other sites More sharing options...
steelmen Posted November 7, 2021 Share Posted November 7, 2021 This will explain it for you. https://assets.ctfassets.net/39646iezddpk/iqWGrSHuBKRWHdWfD47xh/f13e45eb51a6e0f5a54e6b5e02195d01/Rangers_Reports_and_Accounts_2021.pdf Ha ha stockbrokers are from cheapside, London. 0 Quote Link to comment Share on other sites More sharing options...
Dons_1988 Posted November 7, 2021 Share Posted November 7, 2021 32 minutes ago, AJF said: Come on now. You know fine well I was only using that argument to debunk the claims made by Willy. 0 Quote Link to comment Share on other sites More sharing options...
AJF Posted November 7, 2021 Share Posted November 7, 2021 17 minutes ago, wastecoatwilly said: The minute you go down the witabootary route you lose the debate M8. Or, alternatively, it shows you to be hypocritical. 0 Quote Link to comment Share on other sites More sharing options...
wastecoatwilly Posted November 7, 2021 Share Posted November 7, 2021 11 minutes ago, AJF said: Or, alternatively, it shows you to be hypocritical. Posting aboot sevco on a sevco thread? 0 Quote Link to comment Share on other sites More sharing options...
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