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robg58

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Everything posted by robg58

  1. How about a testimonial for Sandy Jardine -Rangers legends v Hertz legends? Just an idea.
  2. http://www.rangers.co.uk/news/academy-news/item/6868-u20-hearts-1-4-rangers
  3. Rangers Ltd reports debts of £16.1m owed to Rangers International plc The Rangers Football Club Ltd (TRFCL) has reported an £18.19 million pre-tax loss for the 13 months to June 30, 2013. The company, with operates “a professional football club in Scotland, together with related commercial activities”, reports it owes parent company Rangers International Football Club Plc (RIFC), £16.16 million. Last October the parent company, RIFC, which describes itself as “the holding company for the Scottish football club 'Rangers'”, reported operating losses of £14 million for the 13 months to June 30 after raising more than £35 million in finance in the year, including a rights issue last December. In March, RIFC reported losses of £3.5 million for the seven months to December 31, 2013 and its auditors warned a fan boycott of season tickets could jeopardise the clubs ability to continue trading. In accounts now filed with Companies House, TRFCL has reported operating costs of £35.3 million for the 13 months to June 30, 2013 on turnover of £17.6 million, with the first team wage bill for the year having come in at £7.8 million. TRFCL also notes “other operating charges” totalling £11.89 million for the year, which includes matchday costs such as policing, stewarding and pitch costs. The last full-year accounts filed by oldco Rangers ( now called RFC 2012 plc – in liquidation) for the 2010 year, show 'other operating charges of £13.59 million, when Rangers had played in the top flight of Scottish football and had participated in the UEFA Champions League. Total staff costs for the 13 months to June 2013 ran to £17.61 million, with the highest paid director taking home £933,376. TRFCL notes the wages to turnover ratio for the 13 month reporting period was “99 per cent”. Creditor amounts falling due within one year total £30.7 million, including £16.1 million owned to the parent company, £8.15 million in deferred income, £1.8 million in tax and social security, £1.82 million in accruals and £464,000 to “other creditors”. The company notes the amounts owed to the parent company, Rangers International Football Club plc are “unsecured, repayable on demand and do not accrue interest”. “The parent company has indicated that it has no intention to recall the balance in the forseeable future”. TRFCL also notes it paid out severance payments totalling £468,000 post year-end, and notes two directors having resigned after June 30, 2013 – former chief executive Craig Mather, who stepped down in October 2013 and former finance director Brian Stockbridge, who left in January, 2014. TRFC notes it expects to see “modest increases” in season ticket sales for 2014/15 “and beyond”. The company intends to introduce “progressive increases in season ticket prices as we move towards the Scottish Premiership, while still remaining below those when the club was previously in the SPL”. The company's auditors, Deloitte, have included and “emphasis of matter – going concern” qualifications in the accounts. Deloitte notes: “The company has made key assumptions in relation to the timing of season ticket monies, the volume and pricing of season ticket sales, increased matchday income and sponsorship, the timing and value of dividends and further cost reductions”. The auditors have taken into account the timing of receipt of season ticket monies, along with assumptions relating to growth in season tickets, sponsorship, hospitality and commercial revenues “reflecting customer confidence returning”, and “further cost management measures” being implemented. Deloitte notes, based on the information provided, “indicate the existence of a material uncertainty which may cast doubt about the company's ability to continue as a going concern, and therefore that the company may be unable to realise its assets and discharge its liabilities in the normal course of business”. The auditors have also notes a further emphasis of matter relating to the “uncertain outcome of potential litigation”, which relates to letters before claim issued by Craig Whyte, the previous owner of RFC 2012 plc (now in liquidation) and his business partner, Aidan Earley. Deloitte notes despite the company having conducted an “independent investigation”, and despite the “inherent limitations of a private enquiry” from which the company concluded the claims has no legal merit, Deloitte notes the “ultimate outcome cannot presently be determined, and accordingly no adjustments have been made”. Whyte is claiming legal right to the Rangers assets as oldco Rangers administrators, Duff & Phelps, had entered into a binding agreement with Sevco 5088 in May 2012 to sell the Rangers assets in the event of a CVA being rejected. The assets were ultimately transferred to an unrelated entity, Sevco Scotland Limited, now The Rangers Football Club Ltd (TRFCL). TRFCL notes at the foot of the 2013 accounts, under related party transactions: "On 14 June 2012 Sevco 5088 Limited entered into agreements for no consideration to legally reassign its beneficial interest in funding placing letters held and novate the trade and assets purchase agreement with RFC 2012 plc (in administration) to Sevco Scotland Limited (now the Rangers Football Club)”. TRFC notes, based on the assessment of available evidence, “RIFC plc considers that the investigation found no evidence that Craig Whyte had any involvement with Sevco Scotland Limited (now called The Rangers Football Club Limited) which ultimately acquired the business and assets of RFC 2012 plc from its administrators; nor which would suggest that Craig Whyte invested in The Rangers Football Club Limited or Rangers International Football Club plc, either directly or indirectly through any third party companies or vehicles”. The note adds: “On May 28, 2013 a further letter before claim was sent to (inter alia) The Rangers Football Club Limited and Rangers International Football Club plc on behalf of Craig Whyte, Aidan Earley and (purportedly) Sevco 5088 Limited. “The board is of the view that the claims set out in the letter before claim are entirely unsubstantiated based on legal advice received to date by the board and the outcome of the investigation”. TRFCL also notes a claim raised by former commercial director Imran Ahmad has “no substance” and “no obligation to pay a bonus arises”. Ahmad has raised a claim for £500,000 in lost bonuses - which is down from the £3.4 million figure he had initially intended to pursue – and that case is still to be heard in the Court of Session.
  4. CRAIG Whyte was up to his old asset-stripping tricks yesterday as he was finally hounded out of Scotland. The former Rangers owner even took the heating oil with him as he fled his country seat, which is about to be repossessed by the bank after he failed to pay the mortgage. Whyte’s dad Tom – who tried to hide his face when he saw our photographer – supervised workmen as they loaded the oil in drums on to a trailer at Castle Grant near Grantown-on-Spey. They also stripped out French chandeliers, chosen by Whyte’s ex-wife Kim, and other fittings from the house. Whyte and Kim bought Castle Grant for £800,000 in 2006 – with a 110 per cent mortgage – and vowed to spend millions restoring it. But she moved out after their marriage fell apart, and he has been refusing to pay the £7000-a-month mortgage for two years. Bankers HBOS had been trying for almost a year to repossess the house. The latest hearing in the case was due to take place at Inverness Sheriff Court today, but it was scrapped after Whyte gave up the fight and agreed to hand the castle over. Removal men have been busy at the house in recent days. It’s understood many of its contents have already been taken to London. Peter Jolly Northpix Land Rover prepares to leave towing trailer packed with drums containing gallons of heating oil A source said: “There have been vans at the castle three times over the last 10 days and at least six lorryloads of stuff have been taken away. “The chandeliers were taken away on Sunday. “And Craig’s old man was there today while the oil was being taken away.” A former employee at the castle said: “If Whyte could dismantle the castle, he’d have that away as well. “There’s been a race against time. He knows a repossession company will be instructed by the end of the week to replace the locks and secure the grounds to keep him out.” It’s understood Whyte directed the stripping of the castle from his bolthole in Monaco. The source said: “He always has his father doing his dirty work. “Wherever you see Tom Whyte, something is going down that Craig pushed the button on.” The repossession is the latest in a string of humiliations for Whyte, who has also been ordered to pay investment firm Ticketus £17.7million after lying about his business pedigree when he took over Rangers. He is likely to be forced in to bankruptcy because of the Ticketus case. Whyte sealed the deal to take control at Ibrox with money from Ticketus – paid in exchange for the rights to three years’ worth of season ticket revenue. He constantly denied making any such deal – and accused the Daily Record of lying when we revealed it. But he was finally forced to admit the truth and eventually driven out. The old Rangers went into liquidation. Police raided Castle Grant last year – removing the front gates in the process – as they investigated Whyte’s takeover of the club. Peter Jolly/ Northpix Tom Whyte supervised the removal of the heating oil from castle grounds Whyte has created a complex web of companies over the years, using different spellings of his name and different dates of birth to register his directorships at Companies House. He has been a master of the “old switcheroo”, where assets from one company are moved on to another, building up huge debts before one of the companies go bust. Whyte’s business affairs are littered with court cases and complex litigation. One source said: “That’s how he lives his life – in and out of court, insisting the world is in the wrong and he is being constantly misunderstood. He doesn’t pay for anything unless he has to and his skin is so thick he doesn’t care who he turns over.” HBOS and their lawyers would not comment on the repossession.
  5. Came across this on another forum : On Sunday morning I was talking to one of the coaches of my lads rugby league team who's in West Yorkshire police and he showed me a message he had got about Huddersfield Town playing Rangers at Huddersfield in July (23rd) I think it said - I did have a drink later! Good news for fellow Yorkshire Bears if this is true.
  6. it's on here too http://www.vipboxuk.co/football/199927/1/arbroath-vs-rangers-live-stream-online.html
  7. As someone who broke their hip socket 20 years ago and knows only too well how bloody sore it is my sympathies to Durranty, get well soon.The only consolation is the quality medical grade heroin that they give you for pain relief after the op, great for weight loss, want something to eat -no just another one of the lovely jags, lost 3 stone in 10 weeks.
  8. At least he could actually walk on water!!
  9. Found this on another forum : https://www.change.org/petitions/remove-media-house-and-jack-irvine
  10. It's the old Morecambe and Wise one .Playing the right notes but not necessarily in the right order.
  11. Guy call Stewart Weighton? putting across his point on phone in regarding internet trolls .Uses Septic as an example of people causing offence by singing republican songs which he finds offensive , speaks up for Limmy. The best bit is from 1.17 : http://www.bbc.co.uk/programmes/b03nhs9n
  12. I don't do twitter but someone could post it on all the twitter feeds for all the clubs which are here: https://twitter.com/spflextra/spfl-2013-14
  13. Song titles , I see the connection we was Framed
  14. Loved the end of Reporting Scotland: The Tims finished with 3 points so will not now drop into the Europa league. Made my week that did. Wonder what excuses will appear in tomorrows papers?
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