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Douglas Fraser ‏@BBCDouglasF 4m

#Rangers FC open share offer falls short of £4m target. Raises £3.13m gross (approx costs £400k)

 

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Lets say...........a net 2.8M has been raised.

 

Plus 2 home games in September (ICT and Hibs both midweek) and 1 in October (Raith Rovers/Sat).

 

 

 

Less

 

Letham loan: 1.045M

Ahmad settlement

Wallace bonus ?

Other pending creditors who won't be slow in coming forward.

 

 

That takes us to when ?..........October payroll/November

Edited by buster.
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If we'd have sold the 14,000 season tickets missing from last years at £450 a pop (just averaging things out) we would see Christmas before the begging bowl was on display. As I've said before, ST sales are immaterial when costs are still too high.

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If we'd have sold the 14,000 season tickets missing from last years at £450 a pop (just averaging things out) we would see Christmas before the begging bowl was on display. As I've said before, ST sales are immaterial when costs are still too high.

 

Wouldn't disagree with that. Need to stop paying a 36 year old £10k pw for starters

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Lets say...........a net 2.8M has been raised.

 

Plus 2 home games in September (ICT and Hibs both midweek) and 1 in October (Raith Rovers/Sat).

 

Less

Letham loan: 1.045M

Ahmad settlement

Wallace bonus ?

Other pending creditors who won't be slow in coming forward.

 

That takes us to when ?..........October payroll/November

 

After deducting the Letham loan (assuming he wants it back from this cash) and paying off Ahmad (& Wallace too?) it looks like we'll maybe have enough cash to pay the bills this month and next month, but that's not taking into account any currently outstanding bills which we're unaware of.

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