ian1964 10,618 Posted November 4, 2015 Share Posted November 4, 2015 ...as focus is fixed on Mike Ashley merchandise deals. THE Rangers Supporters Trust have urged fans to stand firm in their battle with Sports Direct and businessman Mike Ashley ahead of the release of the Light Blues’ accounts. The Evening Times revealed yesterday that Sports Direct sent a legal letter to Rangers claiming their trademark rights had been infringed by the sale of a season ticket card holder by the Sons of Struth that raised money for the Rangers Former Players Benevolent Fund. Supporters are continuing to boycott stores of the Ashley-owned firm and are refusing to buy official Gers merchandise due to the deals in place. Rangers’ latest set of financial figures are set to be made public in the coming days and a spokesman for the RST told SportTimes: “I would like to think we are at the stage now where the vast majority of supporters are aware of the issues with Sports Direct and the fact that the club is receiving a pittance from the deal that was put in place by Charles Green and Mike Ashley. “Now, though, it is not just a bad commercial relationship, it appears to be an openly hostile relationship between Rangers and Sports Direct. “We understand the pull of wanting to buy official merchandise but we would still say ‘don’t buy from Sports Direct or club stores at the moment’. It is not worth it. “You are effectively bolstering the Sports Direct position and it is not a helpful thing to do just now, no matter how unpalatable that might be. “Once again, we expect to see that the club receives very little from the merchandise contracts. It is not something that will be resolved easily. “The message is really simple and that will continue. It is not just Rangers fans that are realising that, either.” A High Court injunction prevents Rangers from releasing details of the controversial contracts but chairman Dave King launched a scathing attack on Sports Direct last week as he vowed to ensure the company are ‘legally and financially held accountable for its failures’. King and the Three Bears – Douglas Park, George Letham and George Taylor – have all reaffirmed their financial commitment to Rangers and the scale of the task ahead will become clearer when the latest set of numbers are revealed. The Trust spokesman said: “I am sure the accounts will still show that we are running at a loss and that was always expected. Dave King and the board have been very clear about the fact there is a shortfall and that they will plug the gap. “The planned share issue has obviously been postponed due to the court cases and the loans will now be converted into shares. From the statement the other day, everyone appears to be quite comfortable with that.” http://www.eveningtimes.co.uk/sport/13934621.Rangers_fans_braced_for_Ibrox_accounts_as_focus_is_fixed_on_Mike_Ashley_merchandise_deals/ 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted November 4, 2015 Share Posted November 4, 2015 (edited) Rangers International Football Club plc today published its Annual Report https://t.co/gQQUo4NvXW http://rangers.co.uk/news/headlines/rangers-international-football-club-annual-results/ Edited November 4, 2015 by chilledbear 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted November 4, 2015 Share Posted November 4, 2015 Rangers' AGM will be at the Clyde Auditorium on November 27. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted November 4, 2015 Share Posted November 4, 2015 Rangers International Football Club plc today published its Annual Report for the year ending June 30, 2015. Key advancements since March 6: The Club has a new Board of Directors in place ensuring a structure that incorporates sound corporate governance The Club was returned to operational and financial stability. A new management team of Mark Warburton and David Weir was appointed and they are building an improved playing squad. Investment in staffing levels, especially at the Auchenhowie training and academy complex, is bringing all departments back up to fully operational standards. Investment in stadium infrastructure. Season ticket sales have increased significantly. Re-engagement with Rangers supporters and football authorities. Key figures: Turnover £16.5m (2014 – £17.6m) Loss for the year £7.5m (2014 – £8.1m) Operating expenses £26.8m (2014 – £27.7m) Dave King, the Club’s Chairman, said: “It must be remembered these figures are for the financial year which ended in June this year leaving no time for the changes implemented by the new Board, which took over in March, to impact on them. “The year under review was a difficult one both on and off the field but Rangers supporters and investors can be assured that significant inroads have already been made on a number of fronts. “A new football management team of Mark Warburton and David Weir is now in place and the team is performing extremely well on the pitch, staffing levels are improving at Ibrox and Auchenhowie, and there is once again a genuine belief that the Club faces a much brighter future. “The year under way is already much more promising on all fronts and I look forward to this time next year when I can comment on a financial year that is wholly under the influence and guidance of the new Board. “For the first time in many years we should now be able to move forward in a constructive manner.” The Annual General Meeting of Rangers International Football Club PLC will be held in the Clyde Auditorium on Friday, November 27 at 10am. Click to VIEW AGM Notice. 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted November 4, 2015 Share Posted November 4, 2015 Wow so the old board did practically nothing to reduce operating expenses and were solely dependent on the season ticket sales? This shows why the boycott was so important (providing I'm reading this right). 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted November 4, 2015 Share Posted November 4, 2015 (edited) Rangers accounts show Derek Llambias paid salary of £45,726 to year end June 2015. Barry Leach £35,416. Derek Llambias and Barry Leach received "consultancy fees" before becoming Rangers staff of £22,661 and £26,251 respectively. It is stated that none of the current Rangers directors have received any emoluments. No retail figures. Edited November 4, 2015 by chilledbear 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,371 Posted November 4, 2015 Share Posted November 4, 2015 No current directors receive any emolument. However, Llambias and Leach did receive salaries of £45,726 and £35,416 respectively until year end June 2015. They also received consultancy fees" before becoming Rangers staff of £22,661 and £26,251 respectively. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,471 Posted November 4, 2015 Share Posted November 4, 2015 No current directors receive any emolument. However, Llambias and Leach did receive salaries of £45,726 and £35,416 respectively until year end June 2015. They also received consultancy fees" before becoming Rangers staff of £22,661 and £26,251 respectively. I'm surprised it's so low. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,371 Posted November 4, 2015 Share Posted November 4, 2015 34,307 season tickets sold and average crowds up by 12,000 fans. Decent numbers which should help income for next year's accounts. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,371 Posted November 4, 2015 Share Posted November 4, 2015 (edited) Share of income from associates (i.e Rangers Retail) - £87,000. EDIT: Also received a dividend of £300,000 from said associate. Edited November 4, 2015 by Frankie 0 Quote Link to post Share on other sites More sharing options...
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