THANK FECK YOU AINT AN ACCOUNTANT ....
we made £5million PROFIT and will be more as walter eluded to if we SELL ...Hence reducing the debt further ...plus the 10million CL money if won..
PLUS WHAT YOU FORGET obviously the value of OUR ASSETS over £100million if im not wrong ,ie the stadium ,training ground etc....
No need to shout.
We made a £5m profit when?
What's the relevence of our stadium and Murray Park to theprofit or loss that we are making?
dont try and be a smartarse on the "SHOUTING" comment ..
who owns all things rangers ffs including our stadium etc.? you know mate??.
RANGERS F.C. and our stadium are valued at over £100million
You started the smartarse comments, with your accountant point.
Of course they own the stadium, but what's that got to do with the profit or loss that we are making?
In case you missed it, I'll ask again. When did we make a £5m profit?
thats why i sarcastically made the £5million profit comment cause IT WAS YOU THAT FIRST MENTIONED IT .....
Ah OK. I actually said we'll make under a £5m profit, but anyway that hardly makes up for last year's loss, and as I said we could make a loss next year. I can't see Lloyds looking at Rangers and hoping that we'll solve all of MIH's problems.
Also any cash that we generate will go to meeting our debt and will not be used for any other parts of the MIH group debt.
dont be fooled ffs ,,,its business ...you have obviously not understood fuck all mate....Lloyds are privvy to all debt that MIH owe them and as they see it
we are part of MIH ffs,,please get to grips with that at least ,therefor any debt we recoup can as a group member be used to reduce the WHOLE GROUP
THATS BUSINESS im afraid ,and why we are in the shit we are in........you get it now..
Rangers are a separate business entity and as such any money they generate cannot be used to pay off loans for other businesses within MIH. It can only be used to reduce loans owed by Rangers. In the past SDM may have been able to use inter-company loans to move debt about, but he is no longer in a position to do this. As far as I know the only connection between MIH and Rangers is that SDM's shareholding is held by an MIH company.