Broxi 11,484 Posted December 13, 2010 Share Posted December 13, 2010 I fail to see how we can still be in debt as much as we are:£10m+ CL money last season£20m CL money this season£3m SPL money from last 2 seasons£2m for Thompson£5m for Wilson£3m (ish) for MendesNovo, Boyd, smith, beasley etc. of wage billgeneral ticket and merchandise salesMinus:£1.5m for Beattie£4.2m for JelavicGeneral wages etcAll equals to roughly £35m or there aboutsand I thought out debt was only £30mI know that these are only basic figures I am probably miles out on what the club is making and don't know all the details but I can't see why the bank aren't even letting us get a player in on loan in January if the reports are trueeven with all the talk of takeoversthere were reports a couple of weeks ago saying the debt was still about £27m, I just don't see how? Link to post Share on other sites More sharing options...
wearethepeople1 3,897 Posted December 13, 2010 Share Posted December 13, 2010 Do you think it doesn't cost money to run a football club everyday??Dumbass :-) Link to post Share on other sites More sharing options...
50ShadesofBlue 667 Posted December 13, 2010 Share Posted December 13, 2010 ^ what he said. Link to post Share on other sites More sharing options...
Broxi 11,484 Posted December 13, 2010 Author Share Posted December 13, 2010 Do you think it doesn't cost money to run a football club everyday??Dumbass :-)do you not think the club is meant to make money too, that's why business men buy the club, so they can make moneyyou think someone is gonna buy rangers for £30m for itall to go down the pisserand it's not like were spending anythingdumbass :-) Link to post Share on other sites More sharing options...
gunslinger 270 Posted December 13, 2010 Share Posted December 13, 2010 something is vastly wrong in the back officies at our club. Link to post Share on other sites More sharing options...
Broxi 11,484 Posted December 13, 2010 Author Share Posted December 13, 2010 And I mean more about how it's meant to be still about £27m, I was exaggerating a bit when I said debt wiped out completely Link to post Share on other sites More sharing options...
JM1872 3,708 Posted December 13, 2010 Share Posted December 13, 2010 plus taxes to pay, bills to pay for the running of murray park & ibrox including maintenance costs for both. The also have non playing staff to pay including groundsmen etc and receptionists etc etc etc.. a lot of hidden costs you dont think about. Also there is probably interest on the debttbh i just want our club sorted because by the sounds of things we seem to be in some serious trouble if the problems are not addressed Link to post Share on other sites More sharing options...
andymc10 6 Posted December 13, 2010 Share Posted December 13, 2010 Do you think it doesn't cost money to run a football club everyday??Dumbass :-)^ what he said.He just totally owned you both with his reply Dumbass ? i think you will find both of you are the dumbasses. 3 million for mendes i thought it was only 1.5m Link to post Share on other sites More sharing options...
Broxi 11,484 Posted December 13, 2010 Author Share Posted December 13, 2010 plus taxes to pay, bills to pay for the running of murray park & ibrox including maintenance costs for both. The also have non playing staff to pay including groundsmen etc and receptionists etc etc etc.. a lot of hidden costs you dont think about. Also there is probably interest on the debtbuy there us also a lot of profit that you don't think about, shirt sales, ticket sales, sponsers, tv money, prize money Link to post Share on other sites More sharing options...
wearethepeople1 3,897 Posted December 13, 2010 Share Posted December 13, 2010 do you not think the club is meant to make money too, that's why business men buy the club, so they can make moneyyou think someone is gonna buy rangers for £30m for itall to go down the pisserand it's not like were spending anythingdumbass :-)interest on loans alone will be costing us a fortune. Does your house cost you nothing to run when you are in it?? Link to post Share on other sites More sharing options...
andymc10 6 Posted December 13, 2010 Share Posted December 13, 2010 something is vastly wrong in the back officies at our club.or the full exstent of the debt isn't revealed. Like where does the profit go to etc. Link to post Share on other sites More sharing options...
Broxi 11,484 Posted December 13, 2010 Author Share Posted December 13, 2010 interest on loans alone will be costing us a fortune. Does your house cost you nothing to run when you are in it??not to me personally Link to post Share on other sites More sharing options...
JM1872 3,708 Posted December 13, 2010 Share Posted December 13, 2010 buy there us also a lot of profit that you don't think about, shirt sales, ticket sales, sponsers, tv money, prize moneySponsporship and tv money are paid at the end of the competition such as Champions League and SPL, like i said the money from this will all be divied up and split between day to day costs or running the club. If we were in the EPL then we would have no bother running our club because they receive substantial amounts compared to us. The SPL money is simply awful.I do understand where you are coming from, but look at it this way.If we ploughed all the money instantly into paying off the clubs debts at the start or mid way through a season, where would we possibly get the money from to see us through until we receive another lump sum? its not as easy as it all sounds unfortunetly Link to post Share on other sites More sharing options...
FTP 3 Posted December 13, 2010 Share Posted December 13, 2010 or the full exstent of the debt isn't revealed. Like where does the profit go to etc.I think the vast interest on loans and also any profit we have made SDM will creaming some off the top Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted December 13, 2010 Share Posted December 13, 2010 5mill for wilson?????????????3mill ish for mendes??????????you been on footballrumours or somethingwe are lucky if the combined fee for they 2 so far is 3 million, the SPL winning bonuses will likely have went to the players for winning itwe also finished paying off the transfer spurge smith went on after the kaunas tie, and the interest on our debt was sucking millions from the club Link to post Share on other sites More sharing options...
djbroxybear 660 Posted December 13, 2010 Share Posted December 13, 2010 Murray International Holdings is where the money goes. Link to post Share on other sites More sharing options...
sillybilly 151 Posted December 13, 2010 Share Posted December 13, 2010 THe players don't play for free either Link to post Share on other sites More sharing options...
wearethepeople1 3,897 Posted December 13, 2010 Share Posted December 13, 2010 not to me personally Lucky you ;-)All I'm trying to say is, it's not a black and White as "we made this amount and sold him so we should be debt free"There must be a huge monthly expense running a club like rangers, from the tea ladies and cleaners to the board room staff and everyone in between. Running and maintaining a uefa5 star stadium and state of art training complex can't be cheap. I know for a FACT the grass cutting machinery and tractors etc are nearly 500,000 pound worth, and you've still got to maintain and repair them, the feed for the grass is a fortune, uv lamps running all night on the turf as well...........the list goes on and on Link to post Share on other sites More sharing options...
Broxi 11,484 Posted December 13, 2010 Author Share Posted December 13, 2010 5mill for wilson?????????????3mill ish for mendes??????????you been on footballrumours or somethingwe are lucky if the combined fee for they 2 so far is 3 million, the SPL winning bonuses will likely have went to the players for winning itwe also finished paying off the transfer spurge smith went on after the kaunas tie, and the interest on our debt was sucking millions from the club£2m for Wilson plus addons which I think from the EL we've already got some, the bank will take into consideration the rest though, I'm surethey'll be something in the contract about us gettingmoney if he's sold or something tooand wasn't sure about mendes, can't remember Link to post Share on other sites More sharing options...
Broxi 11,484 Posted December 13, 2010 Author Share Posted December 13, 2010 All I'm saying is I'd of expected it to have been considerably less than £27m Link to post Share on other sites More sharing options...
Broxi 11,484 Posted December 13, 2010 Author Share Posted December 13, 2010 THe players don't play for free eitherI did say wages Link to post Share on other sites More sharing options...
50ShadesofBlue 667 Posted December 13, 2010 Share Posted December 13, 2010 or the full exstent of the debt isn't revealed. Like where does the profit go to etc.Profit goes to maintaining a working cash flow and costs. We'll probably sit in the red from Jan/Feb onwards until the CL and Europa money comes through along with SPL and SFA prize money in May. Link to post Share on other sites More sharing options...
JM1872 3,708 Posted December 13, 2010 Share Posted December 13, 2010 Debt is serious stuff and very very tricky to come out of. Look at some of the unluckier teams who simply haven't been able to put the finance together to fully survive: Gretna, Portsmouth (suffered quite badly imo) and plenty of other teams in the English lower divisions. Football is all heading the same way imo. Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted December 13, 2010 Share Posted December 13, 2010 £2m for Wilson plus addons which I think from the EL we've already got some, the bank will take into consideration the rest though, I'm surethey'll be something in the contract about us gettingmoney if he's sold or something tooand wasn't sure about mendes, can't rememberthe bank will not take anything into consideration, they are a bank remember, it isnt like Lloyds are gonna say "well IF wilson plays x amount of games the club gets another 2mill, so we'll count that even though he hasnt made x amount of appearances yet"the bank only works on actual income, hence why the guaranteed 3mill a year from the JJb deal is probably one of the best deals we have right now, there are no ifs and buts with the bankIt is likely that the bank will wait and see season ticket sales, sponserships deals signed for the following season etc, before working out how much the club has to spend on wages, and not just player wages too, staff wages, right down to the cleaners will have to be calculatedfor too long rangers gambled on european money, we were helped by the fact that murray had a close mate who was a big shot in HBOS, when they were taken over by Lloyds that big shot left/was fired/moved to a different role, and all of a sudden our finances were more closely scrutinisedLloyds has tried to rectify this, Donald Muir was brought in by Murray as the man to do it, and gradually we have been reducing outgoings so that we can live without euro money Link to post Share on other sites More sharing options...
Broxi 11,484 Posted December 14, 2010 Author Share Posted December 14, 2010 What I'm saying is that think of all the players we've sold, all the players we haven't been able to buy, all the CL money etc etc etc All to get a scrawny £3m off the debtso we'd have to do the last 2or3 seasons another 10 times to be debt free the way were goingI'M NOT SAYING WE SHOULD BE DEBT FREEJUST LESS THAN £27m Link to post Share on other sites More sharing options...
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