Guest billmcmurdo Posted December 9, 2012 Share Posted December 9, 2012 http://www.thecoplandroad.org/2012/12/worth-every-penny.html 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 9, 2012 Share Posted December 9, 2012 (edited) i think some of your figures might be a bit off bill. either that or your adding bonuses to bains and lawwell and not the others. By next May Rangers will likely have £50 million of cash at bank and be sitting pretty on top of £100 million freehold property. this bit also seems wildly optimistic. Edited December 9, 2012 by the gunslinger 0 Quote Link to post Share on other sites More sharing options...
Guest billmcmurdo Posted December 9, 2012 Share Posted December 9, 2012 i think some of your figures might be a bit off bill. either that or your adding bonuses to bains and lawwell and not the others. this bit also seems wildly optimistic. The figures are from the club Share issue plus season ticket money I believe 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 9, 2012 Share Posted December 9, 2012 The figures are from the club Share issue plus season ticket money I believe that explains it. the club is wildly optimistic of late but i guess we will see. 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted December 9, 2012 Share Posted December 9, 2012 I agree it's Simple mathematics Bill. Bears like The Blue Order, Union Bears and 45k other Loyal Bluenoses filling Ibrox every other week. Is always going to outspend 50k Green Seat Brigade. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted December 9, 2012 Share Posted December 9, 2012 You're definitely right that it won't be the last attack Bill. That much is a certainty! 0 Quote Link to post Share on other sites More sharing options...
rbr 1,270 Posted December 9, 2012 Share Posted December 9, 2012 I thought though that they were spending the best part of £20 million on stadium repairs , upgrades and associated purchases around the stadium 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted December 9, 2012 Share Posted December 9, 2012 The figures I saw earlier from the prospectus suggest that they collectively get paid more than Bain did. Or was Bain paid an astronomical sum more than what it already was ? Also, to downplay Lawell's salary is folly too. They may be playing in front of an empty stadia but they are SPL Champions, top of the league, in last 16 of CL and with a reasonably healthy balance sheet. Folly to just ridicule his salary and use only one negative as justification. My question to Charles Green is where do we find the finances to compete when back at the top table ? Will the investments he talks about as "revenue generating" be turning profit to help provide financing for the squad ? Because it seems that much of the share issue proceeds will be spent on stadium repairs and investments (which is fine by me) but would like to know what the longer term financing is going to look like to ensure we can compete. I dont think we will have 50 mill in the bank either Bill. It seems that much of the funds from the share issue will be spent - they will want to get those stadium upgrades done sooner rather than later. You also have to suspect that the ST monies are being used to fund the wages, salaries and overheads too. I just cant imagine we will have 50 mill in the bank next May. I know the 100 mill isnt your figure Bill but the property RFC own is only worth as much as anyone is prepared to pay for it - and no way is it worth 100 million. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted December 10, 2012 Share Posted December 10, 2012 Time will tell but the board will have to pull some rabbits out of the hat to justify that they are indeed "worth every penny". Getting a compliant surveyor to place an unrealistic value on a bunch of property (without even seeing the deeds ffs!) is merely a trick learned from a previous custodian. 0 Quote Link to post Share on other sites More sharing options...
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