North Rd 2,860 Posted April 10, 2014 Share Posted April 10, 2014 http://www.scribd.com/doc/217413725/The-Rangers-Football-Ltd-Accounts-2013 Quote Link to post Share on other sites More sharing options...
North Rd 2,860 Posted April 10, 2014 Author Share Posted April 10, 2014 Edit: Can admin move to Boardroom forum please........... Quote Link to post Share on other sites More sharing options...
Clyde Valley 234 Posted April 10, 2014 Share Posted April 10, 2014 Sponsorship of less than a million? That's just crazy. We attract global attention and we must have more televised games than even the tims. Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted April 10, 2014 Share Posted April 10, 2014 This doesnt really mean much though. Funds transferred between a linked structure is no big deal.It does not mean that we have an extra loss not accounted for or anything. Quote Link to post Share on other sites More sharing options...
Clyde Valley 234 Posted April 10, 2014 Share Posted April 10, 2014 This doesnt really mean much though. Funds transferred between a linked structure is no big deal.It does not mean that we have an extra loss not accounted for or anything.The lack of revenue we are generating is my concern. Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted April 10, 2014 Share Posted April 10, 2014 Yea agree the revenue is awful. Was always going to be in the lower divisions though. Hopefully the board will increase this as we progress.I must admit, I still have some nerves about the 'Sevco 5088 > Sevco Scotland' move (Page 33, point 23). It is more than likely nothing, but I just hope to god that Green was careful.Other few points worth noting:-1. The £2.5m unsecured credit facility has officially been withdrawn.2. Player wage bill is higher than the £7m originally believed. £7m seems to be for the 1st team only. Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted April 10, 2014 Share Posted April 10, 2014 Yea agree the revenue is awful. Was always going to be in the lower divisions though. Hopefully the board will increase this as we progress.I must admit, I still have some nerves about the 'Sevco 5088 > Sevco Scotland' move (Page 33, point 23). It is more than likely nothing, but I just hope to god that Green was careful.Other few points worth noting:-1. The £2.5m unsecured credit facility has officially been withdrawn.2. Player wage bill is higher than the £7m originally believed. £7m seems to be for the 1st team only.how much is the turnover? Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted April 10, 2014 Share Posted April 10, 2014 how much is the turnover?£17.7m Quote Link to post Share on other sites More sharing options...
Johnnyren 601 Posted April 10, 2014 Share Posted April 10, 2014 So does the club owe rifc 16 million ? Quote Link to post Share on other sites More sharing options...
SoldierBlue1 499 Posted April 10, 2014 Share Posted April 10, 2014 I believe the new shirt deal has been signed off. I know that Puma are the manufacturers but does anyone know who the new shirt sponsor is and how much it's worth? WATP Quote Link to post Share on other sites More sharing options...
North Rd 2,860 Posted April 10, 2014 Author Share Posted April 10, 2014 So does the club owe rifc 16 million ?Thats what i thought, but looking again it looks like 16k, If you look above the amounts its 000 not 0.000.000 Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted April 10, 2014 Share Posted April 10, 2014 £17.7mwhat time period do these cover? Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted April 10, 2014 Share Posted April 10, 2014 Thats what i thought, but looking again it looks like 16k, If you look above the amounts its 000 not 0.000.000You were right the first time mate.Page 29 - Ammounts owed to parent company (£'000) = £16,163 aka £16,163,000Doesnt really mean much though. Nothing really to be a concern as it is a linked structure. Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted April 10, 2014 Share Posted April 10, 2014 what time period do these cover?May-12 to June-13 I believe. Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted April 10, 2014 Share Posted April 10, 2014 I believe the new shirt deal has been signed off. I know that Puma are the manufacturers but does anyone know who the new shirt sponsor is and how much it's worth? WATPIt will be shite and it will all be the SPIVS faultTrust me Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted April 10, 2014 Share Posted April 10, 2014 May-12 to June-13 I believe.so first team wage budget is roughly 39.5%. That's poor really poor way below average. Hope to fuck he isn't planning a further 15% drop as has been suggested. Quote Link to post Share on other sites More sharing options...
Johnnyren 601 Posted April 10, 2014 Share Posted April 10, 2014 Thats what i thought, but looking again it looks like 16k, If you look above the amounts its 000 not 0.000.000Thank fuck for that Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted April 10, 2014 Share Posted April 10, 2014 Thank fuck for thatit is £16m. Add the amount of zeros on Quote Link to post Share on other sites More sharing options...
Clyde Valley 234 Posted April 10, 2014 Share Posted April 10, 2014 so first team wage budget is roughly 39.5%. That's poor really poor way below average. Hope to fuck he isn't planning a further 15% drop as has been suggested. I think he really needs to chop the non-playing staff costs. Its way to high. Should have had cuts rather than TUPE everyone over.Where does Sports Direct revenue go to the Club or the Holding Co and when will we get to see what it is? Quote Link to post Share on other sites More sharing options...
bawsburst 1,381 Posted April 10, 2014 Share Posted April 10, 2014 ££ in meltdown over nothing. Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted April 10, 2014 Share Posted April 10, 2014 I think he really needs to chop the non-playing staff costs. Its way to high. Should have had cuts rather than TUPE everyone over.Where does Sports Direct revenue go to the Club or the Holding Co and when will we get to see what it is?the revenue streams are terrible there is no where near enough emphasis on selling. They seem determined to need euro money. Company cars, housing allowances,expense accounts etc should all play second fiddle to footballing costs. Unfortunately they don't. Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted April 10, 2014 Share Posted April 10, 2014 The tweetwankers are in meltdown as wellI will wait for Boss or TLM to appraise the figures before I jump off the bridge Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted April 10, 2014 Share Posted April 10, 2014 I think he really needs to chop the non-playing staff costs. Its way to high. Should have had cuts rather than TUPE everyone over.Where does Sports Direct revenue go to the Club or the Holding Co and when will we get to see what it is?Had to TUPE the staff really. No option in avoiding it if you want to continue the business as a continuing economic entity. Quote Link to post Share on other sites More sharing options...
FrozenTundras 120 Posted April 10, 2014 Share Posted April 10, 2014 ££ in meltdown over nothing.Seen it. Going bat-shit mental over accounts they simply don't understand. Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted April 10, 2014 Share Posted April 10, 2014 The tweetwankers are in meltdown as wellI will wait for Boss or TLM to appraise the figures before I jump off the bridgeLol, I can do my best to settle your nerves.The big loss making part of the business was the club.The PLC has all the money, but lesser losses.The club made a loss, the PLC gives the club a loan of the money raised in the share issue to cover the cash flow issues.The club now owes the PLC the money.As the club and the PLC are part of the same structure though, it makes no difference. We owe ourselves £16m.Its just accounting jiggery pokery. 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.