ian1964 10,724 Posted February 25, 2019 Share Posted February 25, 2019 Monday, 25 February 2019, 12:30 by Rangers Football Club RANGERS International Football Club PLC unaudited trading results for the six months to 31 December 2018. https://rangers.co.uk/news/headlines/financial-review-4/ 0 Quote Link to post Share on other sites More sharing options...
stewarty 2,025 Posted February 25, 2019 Share Posted February 25, 2019 (edited) But we're skint!? Admin 2 is coming. Edited February 25, 2019 by stewarty 1 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted February 25, 2019 Share Posted February 25, 2019 25 minutes ago, ian1964 said: Monday, 25 February 2019, 12:30 by Rangers Football Club RANGERS International Football Club PLC unaudited trading results for the six months to 31 December 2018. https://rangers.co.uk/news/headlines/financial-review-4/ On the face of it those are very good results. Would be interesting to see just what the NET impact of those Euro games means to us. We won't always get to the group stages, but it shows the sizeable impact Gerrard and Co have had on the club's finances by doing so at their first attempt. We shouldn't lose sight of just how far they, and the club, have come in such a short period of time. 1 Quote Link to post Share on other sites More sharing options...
stewarty 2,025 Posted February 25, 2019 Share Posted February 25, 2019 Interesting that they expect to break even for the year end. Good to see some more positive noises around our financials, and this is without full year effects of more normalised commercial arrangements. All going well we should see further improvements in the next 18 months 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,627 Posted February 25, 2019 Share Posted February 25, 2019 25 minutes ago, stewarty said: Interesting that they expect to break even for the year end. Although that's before we account for the purchase of players, which is a major outflow. 1 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted February 25, 2019 Share Posted February 25, 2019 1 hour ago, Bluedell said: Although that's before we account for the purchase of players, which is a major outflow. I must be missing something. 6 months to December 31, 2018 - so any purchases of players in the summer window should be baked into the numbers - presumably you mean the release of "expenses" to the income statement ? The January window we didn't do a ton of business and was almost all on player wages - Club would have known these so when they say they expect to be break-even they would have baked those increased wages in too. Next summer's window will impact next year's financials. What is it I'm missing BD ? Year end for me so not enough time to think of the alternatives. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,627 Posted February 25, 2019 Share Posted February 25, 2019 3 minutes ago, craig said: I must be missing something. 6 months to December 31, 2018 - so any purchases of players in the summer window should be baked into the numbers - presumably you mean the release of "expenses" to the income statement ? The January window we didn't do a ton of business and was almost all on player wages - Club would have known these so when they say they expect to be break-even they would have baked those increased wages in too. Next summer's window will impact next year's financials. What is it I'm missing BD ? Year end for me so not enough time to think of the alternatives. The statement states "the Board is satisfied that the results for the full year will be good, with the Club forecasting to be close to break-even for EBITDA for the year." So it's break-even before player amortisation, which will likely be around £6m for the year, so we could be looking at a loss in excess of £6m for the full year. 1 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted February 25, 2019 Share Posted February 25, 2019 1 minute ago, Bluedell said: The statement states "the Board is satisfied that the results for the full year will be good, with the Club forecasting to be close to break-even for EBITDA for the year." So it's break-even before player amortisation, which will likely be around £6m for the year, so we could be looking at a loss in excess of £6m for the full year. Ahhhh, thanks BD. Didn't see the EBITDA, just saw the headline numbers. Whilst a loss of 6 million wouldn't be great - we now have players who are bona fide sellable assets - we could generate decent money for Morelos, Tav, Goldson, Jack etc. Or we can keep them for an assault on the league 0 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted February 25, 2019 Share Posted February 25, 2019 28 minutes ago, craig said: Ahhhh, thanks BD. Didn't see the EBITDA, just saw the headline numbers. Whilst a loss of 6 million wouldn't be great - we now have players who are bona fide sellable assets - we could generate decent money for Morelos, Tav, Goldson, Jack etc. Or we can keep them for an assault on the league I'd like to see us starting to realise some of those assets in the coming summer window. This needs to be the last season we show a loss. I see very few players we couldn't replace if sold for sufficient money. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,745 Posted February 25, 2019 Share Posted February 25, 2019 Just wait a few more hours and Ill Phill of Galway will give you a detailed run down on our state of affairs ... 0 Quote Link to post Share on other sites More sharing options...
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