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Everything posted by rbr
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Just had a very lengthy conversation with a mate who works in the media , the amount of spin and counter spin is getting beyond a joke , this is all about money and how much it will cost per share , buckle up for a very bumpy next 5 months
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His name is being used as it gives the whole thing credibility , he is after all one of the richest men in Scotland with a fantastic business record , however it appears that it ends there .
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I dont see why this wouldnt work , after all going back a few years the manky mob banned snyde from broadcasting their champions league ties and bhoy did that pay dividends , with peter maguire and al lback on message within a few days. However like all these things if it turns out to be rubbish thenits just another disappointment
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That will be the same non payement of tax that the SFA knew about in October yet did hee haw and the same non payement of tax that Hearts have done 7 times over 3 years
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People seem to forget that as from Saturday when the season starts and competition begins we can only play a set amount of trialists per game and even then no more than 3 times before sept 1st
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Cheers bluedell
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http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11506139
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Sorry mate at work will do it later
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pharez, zarah and judah on July 19, 2013 at 12:04 pm ron, especially for you my friend, solid proof that rangers have not any financial problems. first of all let me state, that accounts are very ambiguous and you need to read them, only buffoons like OR say the first thing that comes into their head. and recently OR has been a lazy buffoon. here is our accounts http://www.londonsto...mentId=11506139 please refer to them as I quote from them. the first thing that hits you is this, Release of negative goodwill in the statement immediately below all the executive statements. the sum across for this column is 20465 millions. now that is a red herring, it simply is cash put into accounts that isnâ??t there, but because of the distressed sale of ibrox it counts for accounts purposes as part of any profit, though in reality isnâ??t money, but looks like it. its not. this is the way accounts are, terminology, and figures that accounts use. anyway under this column, you will find operating expenses, now this is the part that has all the buffoons hot under the collar. the figure is 16,572 millions. now part of these operating costs is Amortisation of playersâ?? registrations, 860,000. now this is simply the value of players to the club, because their contracts are one year on, and their sell on value has been reduced, due to their contracts, and the freedom of their ability to move on at the end of them for free, thus their value as sellable assets reduces. again no monetary loss as to what rangers are actually spending, cash, just reduced valuation to the club, but in terms of losing actual money through its a red herring, but to the club their sell on value has reduced and so an operational cost. no cash loss in real terms through spending. so there is nearly 1 million off in reality what the club are spending. now It gets better, please now refer to Condensed consolidated Statement of Cash Flows For the 7 month period from incorporation to 31 December 2012 (scroll down to you reach there) now thatâ??s a column. now read Cash used in operations. do you read that everyone, cash used in operations, or in other words operational expenses. now if you read from the first column I quoted from you will see these words. Other, under amortisation, other amounts to 15,712 millions. very ambiguous. well in this column I have brought you down to, here is a lot of these operational costs or expenses. these are the headings Purchase of trade and assets Purchase of intangible assets Purchase of property, plant and equipment` Proceeds from sale of intangible assets repayment of RFC 2012 plc football debt Interest paid this total comes to 10,822 millions, operating expenses. now the above and the figures, to the right of them, are what Charles green and his partners paid for the purchase of our great club and all of its assets. this is what the operational expenses are which are included in the operational expenses for accounts purposes. now it gets better, go below this column. now this is what rangers brought in, which included in this is the share issue. now as you see the issue brought in 30,798 millions, and theres a few more things added into this column for different things. that figure comes out at 32,726 millions. subtract what Charles green and his partners put in for the operational expenses, which must be included on the accounts and you get the figure 21,904. now as you see from the top of the column people were paid for floating the shares to the tune of 713,000 so you have the figure, after clearing all the original investors who contributed to the purchase of the assets, and the interest they charged on their money, rangers had 21,191 millions and owing no one anything, as football creditors paid as well. now we can remove 860,000 (amortisation or better term depreciation, not actually spending on players current value) and 10,822 millions from the operational costs in the first heading quoted and in reality we then have this figure for the true operational costs of 4.9 million. thatâ??s our true operational costs for the month of may to dec of 2012. as you see bears we brought in this figure of 9524 millions in revenue and subtract that from the true operational costs and we have 4.6 million to see us through the remainder of the six months, with wages and salaries for the year believed to be around 6 million, and half of the year already paid. now what you will notice bears in our accounts, something you ill never find in Celticâ??s accounts is these words, Cash and cash equivalents at the beginning of the period 21,191 millions. in other words like mr mather has declared we are living well within our means and have cash in the bank. its great to be a bear!! sorry for boring you my fellow bears, but sometimes you have to answer buffoons. no offence
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Sandaza contract finally terminated in mutual agreement
rbr replied to Steve1872's topic in Rangers Chat
Not one shred of this story , no details nada , on any forum anywhere , yet it's all doom and gloom -
TRS Book available 15th July; Win tickets for launch at Ibrox 29th July
rbr replied to Frankie's topic in Rangers Chat
Just read the first 2 chapters and its been excellent , to be honest its been brutally honest in a way I didnt really expect , bringing back a lot of emotions , but hats off to the writers if it continues like this -
Sandaza contract finally terminated in mutual agreement
rbr replied to Steve1872's topic in Rangers Chat
yet again everyone jumps to conclusions without knowing any facts , same old same old -
And it's good to know that the proceeds of this non existent book are going to such worthy bears , non existent proceeds that is
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Lol to be honest I can't wait to read a book that doesn't exist
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Shit I need to cancel my copy just incase I win lol
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But who gets the money from the ppv
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Last season whilst we started the long journey back, RTV were showing away games live via RTV , however now we are in the big cuddly lets all love each other SPFL super dooper the only way is up league, how will that pan out , will we still be able to show away games via RTV , and if so where will the revenue for such games go ?????
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Rangers have to keep an eye on their spending or face financial woe again
rbr replied to Frankie's topic in Rangers Chat
We will bring in extra finance from the Ramsden cup , league cup and Scottish cups as they aren't on the season tickets , or at least I don't think they are -
3-4000 were half season tickets , we will probably be sitting around the same mark after the public sale , of around the 35000 which is pretty good add on individual match day sales and we wont be far off last year and considering they only budgeted for mid 30,000s then we are ok
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Last year for obvious reasons was an absolute shambles , not just because of the obvious , but also the shambles with the DD,s, not knowing what league we were playing in if any at all , no proper banking facilities , season tickets only going on sale on July 31st and by August 8th we had nearly 31000 sold , so as far as I can see we are right on track
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Been posted elsewhere that as of this morning we were at over 24000 , with several thousand still to be processed , plus it was very busy at the ticket office with people handing in their renewals , just to remind every one that last year up till the 31st of August we had sold just over 35000 , bearing in mind that the start date was later on last year , we added 3000 later on