chilledbear 16 Posted November 4, 2015 Share Posted November 4, 2015 I'm surprised it's so low. Rangers incurred costs of £54,300 to @KBA_HQ during the financial year. Derek Llambias is/was a shareholder 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,371 Posted November 4, 2015 Share Posted November 4, 2015 Going concern notes... The forecast identifies that the group will require up to £2.5m by way of debt or equity funding by the end of season 2015/2016 in order to meet its liabilities as they fall due. Further funding will be required during the 2016/17 season, the quantum of which is dependent on future football performance and promotion to the SPFL Premiership. The forecast indicates that an initial tranche of funds will be required in December 2015. 0 Quote Link to post Share on other sites More sharing options...
RabiDuck 89 Posted November 4, 2015 Share Posted November 4, 2015 Going concern notes... The forecast identifies that the group will require up to £2.5m by way of debt or equity funding by the end of season 2015/2016 in order to meet its liabilities as they fall due. Further funding will be required during the 2016/17 season, the quantum of which is dependent on future football performance and promotion to the SPFL Premiership. The forecast indicates that an initial tranche of funds will be required in December 2015. So pretty much what we already knew. The board have already noted this previously and confirmed the availability of funds I believe? There's also some talk of a future conversion to equity rather than paying these back. All seems healthy I think! 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,371 Posted November 4, 2015 Share Posted November 4, 2015 I'm surprised it's so low. Leach was only a director for 2 months. Llambias was in position for 4 months... 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,471 Posted November 4, 2015 Share Posted November 4, 2015 Leach was only a director for 2 months. Llambias was in position for 4 months... Seemed so much longer, but even so I thought it may be more...including pay-offs. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,371 Posted November 4, 2015 Share Posted November 4, 2015 Seemed so much longer, but even so I thought it may be more...including pay-offs. Not sure if pay-offs may still be outstanding. Either way, they did all right out of us. 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted November 4, 2015 Share Posted November 4, 2015 The Club’s ability to grow its Commercial income was negatively impacted by the staff cutbacks made during season2014/15 by the previous Board. A significant number of revenue generating staff left and were not replaced, resulting in reduced income and poorer levels of customer service, leaving many corporate customers unhappy. Steps have been taken by the new Board to redress this position through staff recruitment and improved service levels and it is pleasing to see hospitality numbers increasing through the course of this season. The staff cutbacks also impacted on advertising and sponsorship income through 2014/15 Glad to see this bit in there. Too many cutbacks in the wrong places last year, it's a folly to remove key staff from media/marketing/corporate relations. Happy that we are rectifying this situation. 0 Quote Link to post Share on other sites More sharing options...
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