rbr

How do you make that out , everytime we sign a player from abroad they always increase their wages , even coming from France , we pay way over the odds for players , also our wage bill will be small due to our squad size . Also do you think Copenhagen or Panathanikos or Hapoel Tel-aviv or FC Cluj pay more than us , no chance

That would seem the sensible option , but the way it was worded on the official site ,it's another free week

Due to St Mirren drawing yesterday , our re-arranged game is further delayed meaning Bougherra misses the Hearts game instead

Miller has agreed to Join Fiorentina . so we have him till the end of the season

I will get back to you later on re the seedings for the E/L once our possible league position is clarified , I am still a glass nearly full man

dont forget he will also be entitLed to 10% AS HE NEVER ASKED FOR A TRANSFER , gets better by the minute

For god,s sake when did you all turn into mope's , it's a figure of speech for god's sake , your like a bunch of taigs . finding offence wherever you can , as I pointed out the guy's a multi millionaire you were the one going on about his problems not me .

so what do you intend to do then , plus what exactly does that mean , is this not what the petition is aimed at

Brahim I accept your idea re c/l football , however with the group stages of the Europa league and the fact that 2 out of 4 qualify then as we will be seeded and also the fact that there is slightly better monetary deals in place the Europa league is no where near as bad as it once was , we would be looking at approx �£8 million fron the groups which is approx half what we would get from the C/L , that is made up of 3 home games and selling our tv rights for �£500,000 per game , I might be slightly out though , but even �£6million before the group stages would help .

What problem's ,the guys a multi millionaire , there are poor bastards coming home on bodybags and others with multiple injuries and amputations that are having to get by on government scraps , sorry but I dont shed any tears for our esteemed owner nor should anyone else

sorry but Rangers first , and all out ills are at the feet of that bastard , it's ok for him he's swanning about at his Riviera not giving a 4x for us ......

The population has less to do with it than peoples mindset's , do the croatian kids work harder and have a better mental approach to training and football , or do they just want to go out and get wrecked , our kids are SOFT and spoiled

sorry couldn't resist , and if it goes for anything I am certainly in the minority , league reconstruction wise

A point of view on matters financial. Once again like many Rangers Supporters, I am left mystified by the comments of Walter Smith in relation to our position with our Bankers - Lloyds/HBOS - followed by the Club's decision to readily release our own and the SPL's top scorer for the second time in 6 months. I won't use the word 'sell' as Boyd went for nothing and by the time Miller picks up his severance pay off, we will have very little left. I have a background in banking and passed my exams many years ago, but no matter how hard I try, when I look at our accounts, I cannot understand why Lloyds/HBOS are behaving in such a manner towards us. Our published accounts to 30 June 2010 show that our Bank debt incorporating a Term Loan and overdraft facilities reduced by �£3.7m last year to �£22.3m (2009 - �£26.1m). This was despite paying off �£8million in historic transfer fees (which left �£1.2million still to pay). The term loan, repayable over 19 years, stands at �£19m which will mean repayments of �£1million per year + interest. So, if we had Bank Debt of �£22.3m and �£19m of that was a long term loan, then our working overdraft would be �£3.3m, which is well within the �£15m revolving credit facility (overdraft limit) that we have: �£11.7m within it to be exact. A football club's income is loaded to the beginning of the season in terms of season ticket sales, but Champions League participation this season will mean a hefty amount of Euros being lodged in our account with Lloyds/HBOS, before the season ends. Our Champions League campaign this season has guaranteed us 9.2million Euros + TV Revenue (in 2008 Celtic got 6.2 million Euros) + gate receipts, which should easily total around �£16million. On top of that, we will get a further 200,000 Euros for qualifying for the Europa League, plus TV and gate receipts and another �£300,000 Euros + TV and gate receipts should we get past Sporting Lisbon. That amount would, of course, increase with each round should we advance. Putting things into perspective. On 30 June 2010, we had an overdraft of �£3.3 million, but the previous year we managed to reduce our overdraft by �£3.7m, so assuming we have a similar year, that should be wiped out this year and leave us with a small credit balance. However, we should do better than last year, due to a better performance in the Champions League bringing us an extra 1.2million Euros in points payments, compared to last year. Also, last year we repaid �£8m in historical transfer fees, we don't have that to pay this year (maximium should be �£1.2m), so we should be well in credit at the Bank. Allied to that: Staff Costs have been steadily reducing over the last 2 years. In the year to 30 June 2008 they were �£34.3m. In 2009 - �£30.7m. In 2010 - �£28.1m. That equals reduction of �£6.2million in the last 2 seasons and a figure that will again be slashed this year. Our Net Operating Expenses in 2008 were �£56.8m. In 2009 - �£48.2m. In 2010 - �£43.8m. Which is a reduction of �£13million in 2 years and these will also be significantly reduced this year, meaning further profit. By my conservative reckoning, by 30 June 2011, we should have somewhere in the region of a �£10million credit balance at the Bank and our long term loan reduced to �£18m over 18 years. I haven't taken any of our summer transfers into consideration, due to a lack of accurate figures, but I would reckon that the transfer fees and wages for the players who left, should more or less offset the 3 who came in. Our debt to equity (gearing) ratio was reduced last year to 38% (2009 - 47%). again a sign that we are heading in the right direction, though further reduction would be helpful. Crucially, the �£15m revolving credit facility with Lloyds/HBOS, was in place till 31 December 2010 and the only possible explanation could be that the Bank have renewed this at a much lower level. If that is the case, then it could be down to cash flow, as I don't think the UEFA money is received for a few months yet. If I am correct, then it really is a shocking act by Lloyds/HBOS, given that the UEFA money is guaranteed due to what we have already achieved in the Champions League this season. Something about the whole thing stinks more than a Celtc supporters green and grey hooped top after four weeks of constant wear in the summer. There is something that we are not being told and it is now time for the Club to come out and tell us what the problem is with Lloyds/HBOS and whether or not we are being strangled due to our association with the MIH Group, as to me, it is certainly not obvious in our accounts.

41 viewed . 5 signed , now it may not be as scientific as a SD supporters poll but it tells you everything about modern day Rangers supporters , big on talk small on action

just what part of the comment was inaccurate or disgraceful , personally it didnt go far enough after today's going's on

was this from his lips or lifted from another site....h,mmmmmm

welcome back

The comparisons with smaller countries is fine , however one massive problem we face is that we pay far far too much to our players , the amount players recieve to play in Scotland is obscene , also the typical training day is absurd , I always use Stalle Stensas when he came from Norway where as a part timer he trained longer and harder than he did over here as a professional with us .

This wont be for everyone but feel free to sign . something has to be done. http://www.ipetitions.com/petition/respectrangers/

Bunch of fool's , more empty threats

I had a wee look on a system called Fame, via Bureau Van Dijk that I use at work, and, the figures are interesting to say the least.... All from June 2010 Turnover - �£56,287,000, last year - �£39,704,000 Profit - �£4,209,000, last year - -�£14,085,000 These are big upturns Interest paid to bank - �£1,260,000 Wages and salaries - �£23,667,000 Total Assets less Cur. Liabilities - �£108,704,000 Now, as you are saying about the overdraft, this comes under current liabilities... Trade Creditors - �£2,231,000 Bank Overdrafts - �£4,695,000 Short Term Loans - �£5,554,000 Long Term Liabilities Long Term Debt - �£21,868,000 Other Long Term Loans - �£18,000,000 So, the "overdraft" portion of our debt is around �£10 million in total. That is not bad, certainly not when you compare everything else. The fact everything else is long term, means, in a sense, that its agreed, much like a mortgage, and, will reduce in time, and, should not affect things at all. Now, here is the REALLY interesting bit. Our solvency ratio. For those who dont know, heres a wee overview... "One of many ratios used to measure a company's ability to meet long-term obligations. The solvency ratio measures the size of a company's after-tax income, excluding non-cash depreciation expenses, as compared to the firm's total debt obligations. It provides a measurement of how likely a company will be to continue meeting its debt obligations Acceptable solvency ratios will vary from industry to industry, but as a general rule of thumb, a solvency ratio of greater than 20% is considered financially healthy. Generally speaking, the lower a company's solvency ratio, the greater the probability that the company will default on its debt obligations." So, over 20 is good? Rangers current ratio is.... 51.93 How about our credit score? By the way, 0 is high risk up to 100, which is pretty much no risk. well... again... Current Qui score? 94 Secure Last years? 91 Secure QuiRating? - 674,850 How about HISTORICAL CREDIT SCORE (reading left to right, going back to 2007) QuiScore 94 91 94 90 Comment Secure Secure Secure Secure QuiRating (GBP) 674,850 757,405 999,999 754,605 We are NOT "crippled by debt", we are NOT skint, we are NOT an organisation that banks would be unwilling to extend credit to, in fact, we are the type of organisation that would get credit facilities regardless. Figures dont lie. There is something going on here which is not being explained! The only people who can, are Murray and the bank!

Zappa , we will agree to disagree , however this restructuring should be about benefiting our top flight and POSSIBLY the 1st division , after that I dont really care , they can all go to regional divisions or join junior leagues , the tail has to stop wagging the dog , it applies right through our game , where chairman of wee regional clubs are sittinfg on disciplinary committee's and making decisions that effect every club , the SFA need go as well , just another waste of space , one body over ruling all of our game

exactly , though his supporters will say he isn't allowed to comment directly

Soory Zappa but why should anyone from Dunfermline gat a meeting , what about Ross County , Dundee etc etc they already have a representative from the SFL who was at the meetings and who had a mandate to talk on their behalf , like I said it's the tail wagging the dog . If and it's a big if we had clubs from the 1st division , solvent and able to step up to make a 16 or 18 team league at present I would probably go for it , but we dont , we have to get the 1st/spl2 sorted first before we further weaken the top division. No one has still explained where the money we would lose ,would be recuoped from , what the long term effect on our main sponsorships would be and all this on the same day that Walter is yet again bemoaning the fact we have no money , beware what you wish for.......