Bluedell 5,624 Posted January 15 Share Posted January 15 I'm not sure whether we can take the "profit" at face value. Wages are £179K which seems incredibly light given the staff that work there during the week and the staff that work on matchdays and at events (security. bar staff etc). I guess Rangers must incur much of these costs but I have to wonder whether they are being fully recharged. The accounts already state that the audit fees are met by Rangers and I wonder how much else isn't being recharged. It had to make a profit politically for the directors. This project seemed ego driven and the directors wanted it in place for the 150 anniversary (it was late) and were willing to sell the Albion to fund it. I'm glad we've got NEH but not at the cost of losing the Albion, and perhaps a but more time should have been taken if we wouldn't afford it. It does seem a long way away from generating £1m profit that was mentioned. 3 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted January 15 Share Posted January 15 2 hours ago, Bluedell said: I'm not sure whether we can take the "profit" at face value. Wages are £179K which seems incredibly light given the staff that work there during the week and the staff that work on matchdays and at events (security. bar staff etc). I guess Rangers must incur much of these costs but I have to wonder whether they are being fully recharged. The accounts already state that the audit fees are met by Rangers and I wonder how much else isn't being recharged. It had to make a profit politically for the directors. This project seemed ego driven and the directors wanted it in place for the 150 anniversary (it was late) and were willing to sell the Albion to fund it. I'm glad we've got NEH but not at the cost of losing the Albion, and perhaps a but more time should have been taken if we wouldn't afford it. It does seem a long way away from generating £1m profit that was mentioned. Could it be that there are only 4 or 5 staff permanently and fully employed by NEH and that temporary/itinerant staff are charged as services? Just speculating because, as you say, there's no way NEH operates on that kind of wages cost. 2 Quote Link to post Share on other sites More sharing options...
compo 7,030 Posted January 15 Share Posted January 15 Anybody know how much the big black shed cost to build I do remember it seemed to take rather long for such a simple structure. 0 Quote Link to post Share on other sites More sharing options...
Bill 13,717 Posted January 15 Share Posted January 15 3 hours ago, Bluedell said: I'm not sure whether we can take the "profit" at face value. Wages are £179K which seems incredibly light given the staff that work there during the week and the staff that work on matchdays and at events (security. bar staff etc). I guess Rangers must incur much of these costs but I have to wonder whether they are being fully recharged. The accounts already state that the audit fees are met by Rangers and I wonder how much else isn't being recharged. It had to make a profit politically for the directors. This project seemed ego driven and the directors wanted it in place for the 150 anniversary (it was late) and were willing to sell the Albion to fund it. I'm glad we've got NEH but not at the cost of losing the Albion, and perhaps a but more time should have been taken if we wouldn't afford it. It does seem a long way away from generating £1m profit that was mentioned. I think it's very unlikely that all NEH costs are borne entirely by NEH and any assumption of costs on the NEH accounts is likely to be skewed in the first year of trading and progressive over time. Whatever the truth of it, I'm guessing these first figures are very unlikely to reflect the underlying viability of NEH. 0 Quote Link to post Share on other sites More sharing options...
CammyF 8,079 Posted January 15 Share Posted January 15 15 minutes ago, compo said: Anybody know how much the big black shed cost to build I do remember it seemed to take rather long for such a simple structure. Sure the last accounts showed a cost of £12.2M 1 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 15 Share Posted January 15 the key here is getting turnover up to help with FFP. Get us off that watch list. 1 Quote Link to post Share on other sites More sharing options...
ian1964 10,721 Posted January 15 Author Share Posted January 15 The prices they charge it shouldn't take too long to pay it off!!, and they sell fucking Magners!!!!!!!!!!!!!!, fuck is that all about?. 3 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 18 Share Posted January 18 On 15/01/2024 at 20:12, ian1964 said: The prices they charge it shouldn't take too long to pay it off!!, and they sell fucking Magners!!!!!!!!!!!!!!, fuck is that all about?. Tennents put a lot of money into rangers. Same company. 1 Quote Link to post Share on other sites More sharing options...
ranger_syntax 4,320 Posted January 18 Share Posted January 18 https://candcgroupplc.com/brands The futility of consumer activism. Just wait until a bigger drinks company acquires this one. 1 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 18 Share Posted January 18 They sell tennents at the shamedome too 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.