blueyonderbill 127 Posted October 1, 2013 Share Posted October 1, 2013 Rangers Accounts outhttp://www.rangers.co.uk/news/headlines/item/5195-rangers-announce-annual-resultsHaven't read it all, just doing that now Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted October 1, 2013 Share Posted October 1, 2013 £40 m loss on £19.2m turnover! Headline statEdit this was on BBC unverifiedLooks like a £14 m loss not £40 bbc!!! ForeverBlue_Since91 1 Quote Link to post Share on other sites More sharing options...
No.12 508 Posted October 1, 2013 Share Posted October 1, 2013 £40 m loss on £19.2m turnover! Headline statCan you break that down? Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted October 1, 2013 Share Posted October 1, 2013 Can you break that down?BBC headline just reading full thing now nit as bad - don't know where 40m is from but it's after one of costs - operating profit exists but small - give 15 min£14m loss not £40 m bbc!! Quote Link to post Share on other sites More sharing options...
No.12 508 Posted October 1, 2013 Share Posted October 1, 2013 BBC headline just reading full thing now nit as bad - don't know where 40m is from but it's after one of costs - operating profit exists but small - give 15 minNo probs mate, downloaded the .pdf onto my phone but it difficult to read properly. Quote Link to post Share on other sites More sharing options...
Garnock Blue 316 Posted October 1, 2013 Share Posted October 1, 2013 Full breakdown of accounts on RFC website Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted October 1, 2013 Share Posted October 1, 2013 No probs mate, downloaded the .pdf onto my phone but it difficult to read properly.£40m loss is bollocks - £14m loss ( bbc gets it wrong shocker) - doing PDF on phone as well - lot to take in but I would be happy - lots for both sides to argue over !!!! Need real time now to digest !! Quote Link to post Share on other sites More sharing options...
Phil 1,150 Posted October 1, 2013 Share Posted October 1, 2013 I'm no accountant but it looks not bad to me.Players wages 43% of turnover. Profit of 1.2m after tax.Some people will go out their way to make these seem terrible though.Look forward to Boss's take on them OlegKuznetsov 1 Quote Link to post Share on other sites More sharing options...
simon 1,744 Posted October 1, 2013 Share Posted October 1, 2013 Don't really understand what all the stuff means but it's good, right? Or at least much better than was expected? So the scaremongering from Paul Murray and his group was not required? He was stirring it for no reason? Or at least exaggerating the situation based on no real information. Quote Link to post Share on other sites More sharing options...
blueyonderbill 127 Posted October 1, 2013 Author Share Posted October 1, 2013 It's a lot to take in, but this is from Mather's statement on the official web page."Revenues totalled £19.1 million and while there was significant progress made in terms of First Team wages/Turnover ratio, now at one of the lowest for leading clubs at 43%. Operating losses totalled £14 million. First Team players wages were reduced to £7.8 million and more than £4.2 million of expenditure is non-recurring. Profit on ordinary activities before taxation totalled £1.3 million leaving a profit for the period of £1.2 million. Quote Link to post Share on other sites More sharing options...
Popular Post bluenose1975 1,287 Posted October 1, 2013 Popular Post Share Posted October 1, 2013 I'm guessing today will be a good day, what with the issuing of accounts pissing on the "cert for admin2" mhob swiftly followed by a 5-0 hammering tonight at the glitter dome, nice start to October. Essandoh, delamonty, Thewhitesettler and 4 others 7 Quote Link to post Share on other sites More sharing options...
crombie1873 142 Posted October 1, 2013 Share Posted October 1, 2013 All this accounts stuff confuses me, says overall loss of 14 mil but then a profit of 1.2 mil? Can anyone explain this in simple terms? Quote Link to post Share on other sites More sharing options...
No.12 508 Posted October 1, 2013 Share Posted October 1, 2013 All this accounts stuff confuses me, says overall loss of 14 mil but then a profit of 1.2 mil? Can anyone explain this in simple terms?after one-off paymenta maybe? johnw 1 Quote Link to post Share on other sites More sharing options...
RFC Eagle 4,888 Posted October 1, 2013 Share Posted October 1, 2013 Not as bad as the doom mongers would have had us believe. Not all season ticket money and no current sponsorship deals included. £11.5 million in the bank at the end of June. Thats just a quick look so admin by christmas it is? I would beg to differ. Things could be better but lets see how revenue increases this sesson. Quote Link to post Share on other sites More sharing options...
RockwellGers 14,744 Posted October 1, 2013 Share Posted October 1, 2013 I'm guessing today will be a good day, what with the issuing of accounts pissing on the "cert for admin2" mhob swiftly followed by a 5-0 hammering tonight at the glitter dome, nice start to October.I'd love to make it a hat trick and win a wee bet tonight Quote Link to post Share on other sites More sharing options...
STEPPS BOY 74,510 Posted October 1, 2013 Share Posted October 1, 2013 7.8 million pound first team wage bill for fourth tier of Scottish football.WOW. Quote Link to post Share on other sites More sharing options...
blueyonderbill 127 Posted October 1, 2013 Author Share Posted October 1, 2013 Well done the Rangers Board. The accounts come out 1st of October and not a single leak. The mole is dead. Quote Link to post Share on other sites More sharing options...
blueyonderbill 127 Posted October 1, 2013 Author Share Posted October 1, 2013 7.8 million pound first team wage bill for fourth tier of Scottish football.WOW.Worth every penny just to see Saturday' game. WATP Quote Link to post Share on other sites More sharing options...
PRW. 5,631 Posted October 1, 2013 Share Posted October 1, 2013 Worth every penny just to see Saturday' game. WATP@BBCDouglasF: #Rangers reports operating loss of £14m on turnover of £19.1m in 13 months to June. #RFC Quote Link to post Share on other sites More sharing options...
bill moles 0 Posted October 1, 2013 Share Posted October 1, 2013 7.8 million pound first team wage bill for fourth tier of Scottish football.WOW.Thats not bad , its the total staff cost of £18m i.e £10m non playing that needs chopped and hopefully will be. Dutchy and dougie76 2 Quote Link to post Share on other sites More sharing options...
RFC Eagle 4,888 Posted October 1, 2013 Share Posted October 1, 2013 Revenue was 19.1 million. I always thought turnover was combined income/expenditure??? Quote Link to post Share on other sites More sharing options...
Popular Post boss 1,941 Posted October 1, 2013 Popular Post Share Posted October 1, 2013 Basically much as expected, we are not going bust by Christmas, more detail provided than ever before, doommongers were talking nonsense, and looks like we are on course to break even this year.More later... ianb1547, Steelee66, Loyal-Bear and 15 others 18 Quote Link to post Share on other sites More sharing options...
Carson's cat 744 Posted October 1, 2013 Share Posted October 1, 2013 £7.5 million of the share money used for ordinary trading purposes. Quote Link to post Share on other sites More sharing options...
No.12 508 Posted October 1, 2013 Share Posted October 1, 2013 7.8 million pound first team wage bill for fourth tier of Scottish football.WOW.Would be including Bocanegra, Goians cut we payed, Alexanders bit, Wallace and McCullochs, that's the majority of that bill. No? Quote Link to post Share on other sites More sharing options...
No.12 508 Posted October 1, 2013 Share Posted October 1, 2013 Basically much as expected, we are not going bust by Christmas, more detail provided than ever before, doommongers were talking nonsense, and looks like we are on course to break even this year.More later...We won't break even this year with Transfer fees now payable. If indeed Ally chooses to do so in Jan. Quote Link to post Share on other sites More sharing options...
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