rbr 1,256 Posted October 31, 2018 Share Posted October 31, 2018 https://rangers.co.uk/news/headlines/rangers-international-football-club-annual-results-4/ 0 Quote Link to post Share on other sites More sharing options...
buster. 5,195 Posted October 31, 2018 Share Posted October 31, 2018 (edited) Looking at the Key figures only, that appears to be a pretty heavy loss on the year (14.3M) ! Edited October 31, 2018 by buster. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted November 1, 2018 Share Posted November 1, 2018 Wages are up 40%, or 6 million, which makes up a significant part of the loss, and a further 7 million of it is on the amortization and impairment of player registrations - which in the prior year was only 1.5 million. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted November 1, 2018 Share Posted November 1, 2018 Would be smashing to have a main site analysis of this by one of our in-house experts... 1 Quote Link to post Share on other sites More sharing options...
buster. 5,195 Posted November 1, 2018 Share Posted November 1, 2018 8 hours ago, craig said: Wages are up 40%, or 6 million, which makes up a significant part of the loss, and a further 7 million of it is on the amortization and impairment of player registrations - which in the prior year was only 1.5 million. To a degree, it'll be those awful transfer windows (summer '16 & '17) coming home to bite. Given these numbers are up until the end of June, we'll still have some pain to take from those windows. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,744 Posted November 1, 2018 Share Posted November 1, 2018 (edited) That's the figure up till June 2018 and before SG. Methinks we spent heavily in the TF market, but luckily quite a bit of that will be covered by Europa League income. According to TM, we spent 10.64m and received 2.78m. Europa League earnings: (in Euros) • first qualifying round – €240,000 • second qualifying round – €260,000 • third qualifying round – €280,000 Each of the 48 clubs that qualify for the group stage can expect to receive a group stage allocation of €2.92m. €570,000 per win and €190,000 per draw. ... which amounts to: qualifiers and reaching the group stage: €3.7m plus €950k thus far (one win, two draws) plus income from attendance figures + The group winners can expect to receive a qualification bonus of €1m each and the runners-up €500,000 each. The clubs that qualify for the knockout stage can expect to pick up the following amounts: • qualification for the round of 32; €500,000 each • qualification for the round of 16: €1.1m each • qualification for the quarter-finals: €1.5m each • qualification for the semi-finals: €2.4m each • qualification for the final: €4.5m each • The UEFA Europa League winners can expect to collect an additional €4m. The two clubs that qualify for the 2018 UEFA Super Cup can each expect to receive €3.5m, with the winners receiving an additional €1m. + The share issue is coming up and that message was recently seen over on FF: Quote Close Brothers loan repaid in full. The loan had security against Edmiston House and the Albion Car Park has been satisfied in full, and Rangers are again in a position with no security over any assets. A real sign that progress in Europe is pushing the business plan forward as repayment was not due until next year. Just to add some more figures to the report and what can be expect thereafter. Edited November 1, 2018 by der Berliner 0 Quote Link to post Share on other sites More sharing options...
buster. 5,195 Posted November 1, 2018 Share Posted November 1, 2018 From a football perspective, I don't think we are in a position where we can simply bring in several quality players come January in an effort to solve on-field problems. SG has to manage the players he has and if he wants to bring real (relative) quality in, we might have to sell someone who would bring a transfer fee in. Of course, loan deals are still an option and whilst not ideal to fill the team out with too many, we might not have much choice. 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,830 Posted November 1, 2018 Share Posted November 1, 2018 (edited) https://www.eveningtimes.co.uk/news/17194135.dave-king-confident-rangers-will-get-better-value-for-money-on-and-off-the-park-after-14million-ibrox-losses/ 2 hrs ago Dave King confident Rangers will get better value for money on and off the park after £14m Ibrox losses By Christopher Jack @Chris_Jack89Group Senior Sports Writer Rangers chairman Dave King DAVE KING is confident Rangers will get better value for money on and off the park moving forward as the Light Blues count the cost of a wretched campaign last term. Financial figures posted on Wednesday evening showed that RIFC plc made a loss of £14.3million to the year end June 30, 2018, more than double their deficit for the previous 12 months. King and his fellow investors backed former boss Pedro Caixinha in the transfer market last summer but Rangers crashed out of the Europa League and the first qualifying round, lost in the semi-finals of both cup competitions and could only finish third in the Premiership as Graeme Murty and then Jimmy Nicholl had to take the Ibrox reigns. And chairman King was disappointed the multi-million pound outlay didn’t have the desired impact on the field during a lamentable season. He said: “We believed that we had a management team and playing squad that could take us to the next level. “Sadly, that was not to be and after having given a reasonable period of support, the Board decided that further management changes were necessary. We are extremely grateful that Graeme Murty was again willing to assist by taking temporary charge of the team and we saw real improvement in the second half of the season that resulted in Rangers being top goal scorers in the league and narrowly beaten into third place. “The Board had to reflect that once again we had produced a footballing performance that was not commensurate with the resources that had been invested, or the demands of our supporters. Something was wrong. “Our newly appointed Director of Football, Mark Allen, was tasked with reviewing the manner in which we recruited our players and support staff to identify areas for improvement and to ensure that, going forward, we get a higher level of performance from our investment in football talent. “Mark conducted a comprehensive review that led to a complete overhaul of our various football departments during the last financial year. In addition (and very importantly) we have now incorporated key personal character traits that have to be present for anyone wishing to play for Rangers, or to be part of the management of this Club. “We have seen that technical excellence alone is insufficient to perform at a club like Rangers. The new structures had an immediate impact and this is reflected in the quality of players who are being produced at the Academy and the quality of the signings made during the last two transfer windows. “As with any business, the sound operational structure is only truly effective if the right management is overseeing it. We now have a superb group of management talent throughout the Club.” The abject failures of Caixinha and Murty led Rangers to make another managerial change in the summer as Steven Gerrard was appointed boss on a four-year deal. And the Liverpool legend has already given the balance sheet a much-needed boost by guiding his side into the group stages of the Europa League this term. King, writing in his chairman’s report in the RIFC plc accounts, said: “While the impact of the current manager appointment is post-year end I take this opportunity to welcome Steven Gerrard and his management team to the Club. “The appointment of Steven was driven by the Board’s decision to make a significant step change in funding for the coming year and to do so in an environment where we believe we can finally have the stability and continuity necessary to achieve a winning culture. “I am extremely grateful to Steven for taking on the challenge and for his ability to make such an immediate impact on the Club. Some of the benefits have already been realised and will be dealt with more fully when we report next year on the present financial year.” Edited November 1, 2018 by BEARGER 0 Quote Link to post Share on other sites More sharing options...
buster. 5,195 Posted November 1, 2018 Share Posted November 1, 2018 Going forward, it seems as if we don't qualify for European groups stages or find a player(s) to sell for considerable fee(s) then the year will see a heavy loss. Given the difficulty in European summer qualifers, that doesn't look sustainable to me. 1 Quote Link to post Share on other sites More sharing options...
Popular Post Soulsonic5791 408 Posted November 1, 2018 Popular Post Share Posted November 1, 2018 This is what happens when you hire an unsafe pair of hands like Pedro Caixinha. Unnecessary and self-inflicted doesn't even begin to cover it. 6 Quote Link to post Share on other sites More sharing options...
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