why the f***k is our debt 27 million?

[jadums 0]

so with our co efficient going down the pan and never really looking like coming back up we need champions league money not to run at a loss or sell players for more than 10 million each season to make slight profit. what the fuck has murray done to our club our revenue should be higher than this. so just say we get champions league football 5 of the next 10 seasons we will run at a loss 5 of they years they way we are now. we are shit commercially and everyone knows it so why dont we do something about this. we are a big club!!!!

24 fucking pound for an SPL ticket thats more than £1,200,000 every matchday if we are near full capacity. were doing the business on the pitch its just off it we are shit. I cant see this problem getting sorted until about 15 years unless a buyer comes in but what if one doesnt and were still left with murray as our owner? i know i seem negative but im just worried!

[50ShadesofBlue 667]

We are all worried to some extent but the club are working on viable business plans to reduce operating costs and increase revenue. As long as the fans keep turning up, buying merchandise and Rangers keep performing on the park we should keep afloat.

[jadums 0]

i think we have cut back in operating costs as much as we can if we want to atleast have a shot of competing with celtic with wages etc we cant downsize operating costs anymore

[ForeverBlue_Since91 2,895]

exactly,seems as if he's just got it down a wee bit,to keep the fans happy,and keep them quiet for a bit.

it should be alot lower than £27mill by now. that means we have only cleared 3 or 4 mill of our debt.

we sold kevin thomson and Danny wilson. so is it just because of there money, we have paid some of out debt off.

[J-Maestro 9,355]

It was 27m all in however debts to the bank were down to 23m.

This is as of 30th June 2010 so Thomson and Wilson don't come in to it.

[gunslinger 270]

It was 27m all in however debts to the bank were down to 23m.

This is as of 30th June 2010 so Thomson and Wilson don't come in to it.

as indeed do jelovic and bettie

[jadums 0]

just read that we had still had to pay 8m on transfers for the previous season???? but we didnt sign anyone? must be mendes davis signings

[H72 265]

Rangers don't receive the Champions League money until the end of the season, as far as I'm aware.

[gunslinger 270]

Rangers don't receive the Champions League money until the end of the season, as far as I'm aware.

all cl money for last year is in those accounts.

[gunslinger 270]

just read that we had still had to pay 8m on transfers for the previous season???? but we didnt sign anyone? must be mendes davis signings

but how much did we receive for ferguson adam mendes cuellar hutton etc.

we need the full accounts to find out it seems.

[ogbg 20]

It seems like you've come on here and asked your question without first investigating what's already been written here on the matter.

[bluenose4life 5]

That £27m does not include other debt such as owed for players from transfers thru the years. We paid £8m to that but how big is that debt?

its about time we were told the truth about the club. We deserve the right to know!

[Thermopylae 15,286]

I don't think this seasons Champions League money will be included in those figures

[H72 265]

all cl money for last year is in those accounts.

I'm talking about this year.

[OlegKuznetsov 10,816]

More than that will come off this year. Johnston already said that those were the last big payments to be made.

[garycassidy1802 37]

Considering we've actually spent a few million this season on Jelavic and Beattie, if that has come off as well as Mendes/Davis money we haven't done too badly

I'd say it's good news at 27mil

[bluenose4life 5]

Atleast its going DOWN, and not up

[garycassidy1802 37]

Atleast its going DOWN, and not up

Exactly! Good to see another optimist

[Orangeclement 556]

That £27m does not include other debt such as owed for players from transfers thru the years. We paid £8m to that but how big is that debt?

its about time we were told the truth about the club. We deserve the right to know!

player transfer debts was standing at 9.2m but we paid £8m of it off

[DarcheVinny 1,003]

So can I safely assume this seasons financial outlay of jelly, beattie and weiss have been covered by the outgoings of wilson and thomson and the rest paid on installments...or add on to that 1.2 mil outstanding on transfers so maybe that will be 3 mil outstanding on transfers as of now?!

[papaguy51 912]

People seem to think that you can run Rangers on air on a day-to-day basis.

We've got operating costs down and overall profit up, that's what we need to focus on.

It's all well saying that we make X hundred thousand pounds every match day, but look at the amount of people we employ on each match day, players wages etc.

[RFC55 104,117]

No it isn't. You forget about season ticket prices that have already been paid. Not all 50,000 people pay out for a match ticket.

Not everyone is an adult either

[RFC55 104,117]

People seem to think that you can run Rangers on air on a day-to-day basis.

We've got operating costs down and overall profit up, that's what we need to focus on.

It's all well saying that we make X hundred thousand pounds every match day, but look at the amount of people we employ on each match day, players wages etc.

Also electricity bills etc. Its a big massive house and this house dont run on a rigged meter or even a selotaped power card

[J-Maestro 9,355]

Also with the bank seeing us turning a profit they are more than likely to give us more leeway as they can see the money coming back in, however while making a loss why would they allow us to spend with owing them money.

[AlCapone 7,678]

Honestly I cant believe some of the comments on here, why dont we go away and read the accounts before spouting pish.

Turnover up 41% on last year

Operating costs down 9% on last year

Someones doing a good job!

We also paid £8 Million off on old transfer fees which will probably be the last payments on Smiths 30 Million spree three years ago.

If our Turnover is the same this year (and it will roughly be) and operating costs are the same and we dont have to pay £8 Million for historic transfesr will make a £12 million profit in the next accounts which will take the debt down to £15 million.