gannonball Posted November 5, 2021 Share Posted November 5, 2021 27 minutes ago, The DA said: A £26M loss (page 26) https://assets.ctfassets.net/39646iezddpk/iqWGrSHuBKRWHdWfD47xh/f13e45eb51a6e0f5a54e6b5e02195d01/Rangers_Reports_and_Accounts_2021.pdf Who's underwriting these losses? I think they keep doing share issues to cover it. Think they must have over 100 million in losses since the inception of Sevco but tbh they aren’t racking up a great deal of debt. It’s not sustainable I would imagine but not really alarming right now either. 1 Quote Link to comment Share on other sites More sharing options...
D Angelo Barksdale Posted November 5, 2021 Share Posted November 5, 2021 It's a big Tick Tock for me Clive. 0 Quote Link to comment Share on other sites More sharing options...
MONKMAN Posted November 5, 2021 Share Posted November 5, 2021 The absolute state of that club and it’s fans. 2 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted November 5, 2021 Share Posted November 5, 2021 1 hour ago, AJF said: Aye, we were successful and I don't think any Rangers fan will have too many protests about how we've gone about things since Gerrard has come in. I just feel now is the time where we need to see a more urgent move to the "Get Champions League football or sell assets" model we've been aiming towards for the last couple of years. Would the second option not impigne on the first? 0 Quote Link to comment Share on other sites More sharing options...
wastecoatwilly Posted November 5, 2021 Share Posted November 5, 2021 20 hours ago, bennett said: Beat it... Is your first name John zippy? Doing a great job M8. 0 Quote Link to comment Share on other sites More sharing options...
steelmen Posted November 5, 2021 Share Posted November 5, 2021 59 minutes ago, gannonball said: I think they keep doing share issues to cover it. Think they must have over 100 million in losses since the inception of Sevco but tbh they aren’t racking up a great deal of debt. It’s not sustainable I would imagine but not really alarming right now either. Someone in Park or Bennett families need to sit them down and say this isn't like the save game editor in football manager, you need to stop pumping real life money into this. I get the whole 'we will be sustainable by 2025', but how they do that is going to be near on impossible without severe cost cutting which will impact on their competitiveness. I am sure someone will correct me but didn't they take full money for season tickets last year and not give a refund? so they wouldn't have lost that much due to covid as they don't have pay at the gate fans to lost money on. European games would have been a loss though. 0 Quote Link to comment Share on other sites More sharing options...
Hoose Rice Posted November 5, 2021 Share Posted November 5, 2021 Die again please ya scummy fucks. 0 Quote Link to comment Share on other sites More sharing options...
Hoose Rice Posted November 5, 2021 Share Posted November 5, 2021 The owner can just sell his other company to webuyanybus.com and then they’ve Cynched it. 0 Quote Link to comment Share on other sites More sharing options...
Empty It Posted November 5, 2021 Share Posted November 5, 2021 Can't wait for all the head in the sand "you have to speculate to accumulate" patter from all their fans again, die ya b*****ds. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 5, 2021 Share Posted November 5, 2021 (edited) 15 minutes ago, wastecoatwilly said: Is your first name John zippy? Doing a great job M8. Cheers Willie, I had to clean out my ISA but it was worth it. Probably need to lower our player valuations a bit now and sell a few as this is unsustainable. Obviously Covid played a part in the losses but those figures are terrible. Edited November 5, 2021 by bennett Fat fingers 0 Quote Link to comment Share on other sites More sharing options...
DukDukGoose Posted November 5, 2021 Share Posted November 5, 2021 Just now, bennett said: Cheers Willie, I had to clean out my ISA but it was worth it. Probably need to lower our player valuations a bit now and sell a few as this is unsustainable. Obviously the Covid played a part in the losses but those figures are terrible. f**k. Must be bad! 0 Quote Link to comment Share on other sites More sharing options...
TheScarf Posted November 5, 2021 Share Posted November 5, 2021 15 minutes ago, steelmen said: Someone in Park or Bennett families need to sit them down and say this isn't like the save game editor in football manager, you need to stop pumping real life money into this. I get the whole 'we will be sustainable by 2025', but how they do that is going to be near on impossible without severe cost cutting which will impact on their competitiveness. I am sure someone will correct me but didn't they take full money for season tickets last year and not give a refund? so they wouldn't have lost that much due to covid as they don't have pay at the gate fans to lost money on. European games would have been a loss though. They’re desperate for Champions League football so there’s no chance they’re selling anyone in January. They need to win the league, even if that means losing even more money. 0 Quote Link to comment Share on other sites More sharing options...
DukDukGoose Posted November 5, 2021 Share Posted November 5, 2021 @AJF in an hour 5 Quote Link to comment Share on other sites More sharing options...
MarbellaDEE Posted November 5, 2021 Share Posted November 5, 2021 This is all a distraction from the poor, ticketless and innocent of all wrongdoing bears getting leathered by the Copenhagen police force. Scandalous. 0 Quote Link to comment Share on other sites More sharing options...
D Angelo Barksdale Posted November 5, 2021 Share Posted November 5, 2021 3 Quote Link to comment Share on other sites More sharing options...
Theyellowbox Posted November 5, 2021 Share Posted November 5, 2021 10 minutes ago, bennett said: Cheers Willie, I had to clean out my ISA but it was worth it. Probably need to lower our player valuations a bit now and sell a few as this is unsustainable. Obviously Covid played a part in the losses but those figures are terrible. When you see this, you realise just how valuable getting to the championship league was for rangers. It's a bit of a negative all round though as no CL means no cash and likely devalues the fees you could have got for some of the players. I think I saw covid was c£10m of the losses, so the underlying is probably more concerning for Rangers. I'm sure we will see other clubs figures soon, but even accounting for scale those are terrible. I doubt it will change much though. You probably have to keep the squad together to win the league and the guaranteed CL money. In a way, this season is more critical to Rangers winning the title than last season was, although the 10 in a row dwarfs anything else I suspect, but longer term..... I don't think the face painters need to be getting concerned just yet, but another year or two of similar... 0 Quote Link to comment Share on other sites More sharing options...
Dons_1988 Posted November 5, 2021 Share Posted November 5, 2021 I mean, they’re not in trouble as such but it’s a horrendous way to operate a company. let’s hope the club are more competent. 7 Quote Link to comment Share on other sites More sharing options...
TheScarf Posted November 5, 2021 Share Posted November 5, 2021 2 minutes ago, Dons_1988 said: I mean, they’re not in trouble as such but it’s a horrendous way to operate a company. let’s hope the club are more competent. Indeed, its just Ross County of a larger scale. Owner(s) with more money than sense writing the losses off as soft loans. 0 Quote Link to comment Share on other sites More sharing options...
DukDukGoose Posted November 5, 2021 Share Posted November 5, 2021 7 minutes ago, Theyellowbox said: When you see this, you realise just how valuable getting to the championship league was for rangers. It's a bit of a negative all round though as no CL means no cash and likely devalues the fees you could have got for some of the players. I think I saw covid was c£10m of the losses, so the underlying is probably more concerning for Rangers. I'm sure we will see other clubs figures soon, but even accounting for scale those are terrible. I doubt it will change much though. You probably have to keep the squad together to win the league and the guaranteed CL money. In a way, this season is more critical to Rangers winning the title than last season was, although the 10 in a row dwarfs anything else I suspect, but longer term..... I don't think the face painters need to be getting concerned just yet, but another year or two of similar... Why should 10 in a row dwarf anything? Surely having a club to support instead of starting another is more important? 2 Quote Link to comment Share on other sites More sharing options...
bob_mcshug Posted November 5, 2021 Share Posted November 5, 2021 Rangers and Celtic already have resources that dwarf all other clubs in the country. I find it utterly bizarre that even that starting advantage is not enough that they (well, potentially just rangers at the minute) would rack up such an overspend. Mental stuff. As aside, I'd like to think that even Falkirk could nab 1 league title over 9 years while racking up £100m debt. Hardly much to brag about. 8 Quote Link to comment Share on other sites More sharing options...
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