Rangers "Debt"

[gunslinger 270]

Certainly didn't this season.....

Now celtic have been a few seasons without CL money (after maximising the money they could make form the CL) lets see this seasons accounts before we all start sucking there knobs.....

yeah we heard this last year and the year before from all the so called experts and they still sold shed loads.

when i pointed this out they all changed their story and said celtc were lying in their annual accounts. a criminal offence as i am sure you know.

their accounts will be healthy as ever this year. they may be shite on the park but they are very well run financially.

[Adoniram 1,919]

we are constantly told we just need to pay back 1 million per year.

but the realities are very different.

last year we payed back 6 million. this year my fag packet calcs look to me like 10 will be paid back.

that would be fine if we could tie up our best players on contracts at ver least but no, we are faced with anotehr 2 million a year of the wage bill.

something is rotten here. personaly what you say is always in the back of my mind.

That is what Leggatt has been trying to find out as well as many others.

The stories about the debt and how it is to be repaid vary from week to week.

The agreement was in place to repay our debt at or around the figures you mention.

Now that isn't to say that if Rangers want to pay more back(just like your mortgage)then they can do so without a financial penalty.And as any financial advisor will tell you..if you have spare cash then use it to pay your debts off quicker and avoid interest charges as a result.

If it was as simple as £25M debt and we were bringing this down in chunks every year due to CL revenue then you have to ask why the bank is so determined to impose such strict financial conditions on us.

Football clubs all over the world rarely run at a profit like a normal business and the majority incur debts.This is nothing new and provided they are managed properly and the debt is not allowed to spiral out of control then i cannot see why Lloyds are being so dogmatic when they know it will only hinder their prospects of getting the debt repaid in full.

[gunslinger 270]

Another point the taigs are selling tickets for the feb OF game to season ticket holders at 40 quid a whip apparently

same as last time. they cant sell them to them cheaper than us because of spl rules i think.

not that they would anyway i expect.

we will be paying the same

[RFC55 108,716]

same as last time. they cant sell them to them cheaper than us because of spl rules i think.

not that they would anyway i expect.

we will be paying the same

I never meant anything about us. Im just saying TGFITW are not so great after all, that day will be a sell out tho, when the Rangers come a calling

[gunslinger 270]

That is what Leggatt has been trying to find out as well as many others.

The stories about the debt and how it is to be repaid vary from week to week.

The agreement was in place to repay our debt at or around the figures you mention.

Now that isn't to say that if Rangers want to pay more back(just like your mortgage)then they can do so without a financial penalty.And as any financial advisor will tell you..if you have spare cash then use it to pay your debts off quicker and avoid interest charges as a result.

If it was as simple as £25M debt and we were bringing this down in chunks every year due to CL revenue then you have to ask why the bank is so determined to impose such strict financial conditions on us.

Football clubs all over the world rarely run at a profit like a normal business and the majority incur debts.This is nothing new and provided they are managed properly and the debt is not allowed to spiral out of control then i cannot see why Lloyds are being so dogmatic when they know it will only hinder their prospects of getting the debt repaid in full.

their was alot of wailing and gnashing of teeth on here when ff and daryll king suggested we would have a wage bill of as low as 16 million but we are cruising towards thei figure at a good old pace. we may have put reaching it of a year or so with the cl sucesses but 16 million isnt far off. celtc on the other hand are nearly double that and still brake even.

ther is only so much of that disparity a good manager can make up for.

[Nameless Ghoul 6,051]

Taxes and money to the shareholders.

Sure the bank will be charging interest too.

[gunslinger 270]

I never meant anything about us. Im just saying TGFITW are not so great after all, that day will be a sell out tho, when the Rangers come a calling

oh their ticket numbers are down all right. two years ago i think it was 53k season ticket holders. last year 47k "standard" season ticket holders.

this year less again no question.

but in general their season ticket sales outweigh our average attendance.

[Jimfanciesthedude 24,493]

as its been said before by a fair few on here, the bank wants rangers to break even without relying on the champions league/europa league money

if this means we need to reduce the wage bill then so be it

cant blame them for that, and it has to be said that the bank deserves praise for allowing us to do this over a vast period of time, instead of forcing the fire sale that many people predicted

[minnbear 30]

Well im away for a wank then, since ra shellick are a massive club

Who else in the SPL can we compare ourselves against? Personally, when our biggest rivals seem to be doing better than us in any certain area, I would like to know what they are doing right or what we are doing wrong. More common sense than jealousy (giving them a doin in their own midden, means that doesn't come into it).

[gunslinger 270]

as its been said before by a fair few on here, the bank wants rangers to break even without relying on the champions league/europa league money

if this means we need to reduce the wage bill then so be it

cant blame them for that, and it has to be said that the bank deserves praise for allowing us to do this over a vast period of time, instead of forcing the fire sale that many people predicted

id love to know what you consider a fire sale given we have dropped about 20 players in 18 months.

but leaving the bank asside why is our brake even point nearly half of celtcs.

whats going on at our club.

[Adoniram 1,919]

as its been said before by a fair few on here, the bank wants rangers to break even without relying on the champions league/europa league money

if this means we need to reduce the wage bill then so be it

cant blame them for that, and it has to be said that the bank deserves praise for allowing us to do this over a vast period of time, instead of forcing the fire sale that many people predicted

Do you actually know what that entails ?

[gunslinger 270]

Who else in the SPL can we compare ourselves against? Personally, when our biggest rivals seem to be doing better than us in any certain area, I would like to know what they are doing right or what we are doing wrong. More common sense than jealousy (giving them a doin in their own midden, means that doesn't come into it).

rfc52 is probrbly only interested in the football thats fair enough.

looking at the bigger picture we must compare ourselves to celtc in every department if the continue to cane us financially we will see the effect on the park before long.

[GeneralCartmanLee 313]

yeah we heard this last year and the year before from all the so called experts and they still sold shed loads.

when i pointed this out they all changed their story and said celtc were lying in their annual accounts. a criminal offence as i am sure you know.

their accounts will be healthy as ever this year. they may be shite on the park but they are very well run financially.

There numbers have dropped over the last three years.....

There profit has also dropped over the last few years, as has there turnover...they cannot sustain this and i think they will make a loss this season. They did well as they maximised CL profit and got money in for players with little net spend. They won't have that on next years books and with no european football i seriously doubt they will turn a profit (healthy or otherwise)...

[gunslinger 270]

is it to much to ask that our "turn around specialist" d muir does something to increse our revenue for a change rather than just cutting our costs.

and if you want to praise anyone for staving of the fire sale or making it more gradual id start with wattie. his cl income is the only thing stemming the tide.

[gunslinger 270]

There numbers have dropped over the last three years.....

There profit has also dropped over the last few years, as has there turnover...they cannot sustain this and i think they will make a loss this season. They did well as they maximised CL profit and got money in for players with little net spend. They won't have that on next years books and with no european football i seriously doubt they will turn a profit (healthy or otherwise)...

if their debt goes up and it will almost certainly fall not rise it will be minimal.

profit is a funny thing in football and not a great judge of sucess.

[Jimfanciesthedude 24,493]

id love to know what you consider a fire sale given we have dropped about 20 players in 18 months.

20 players? out of that how many were first team players?

but leaving the bank asside why is our brake even point nearly half of celtcs.

whats going on at our club.

they take in more money for their players

they sold their top goalscorer for 3 mill, ours left on a free, they sold a centre half pairing that was an absolute disaster in their final season for 3.5mill combined,

[GeneralCartmanLee 313]

is it to much to ask that our "turn around specialist" d muir does something to increse our revenue for a change rather than just cutting our costs.

and if you want to praise anyone for staving of the fire sale or making it more gradual id start with wattie. his cl income is the only thing stemming the tide.

Our revenue has increased since D muir has been there......

[Adoniram 1,919]

Our revenue has increased since D muir has been there......

Which had absolutely NOTHING to do with Muir and fine well you know it.

[gunslinger 270]

20 players? out of that how many were first team players?

all of them

they take in more money for their players

they sold their top goalscorer for 3 mill, ours left on a free, they sold a centre half pairing that was an absolute disaster in their final season for 3.5mill combined,

exactly and that only one of the ways we are badly run

[gunslinger 270]

Our revenue has increased since D muir has been there......

lol.

i think i covered that under my wattie statement.

name me one revenue stream d muir has improved.

as i say is it to much to ask from a turn around specialist to at least improve one.

i could have gone in there and said sell everything thats not bolted down and stop spending. its not rocket science.

[GeneralCartmanLee 313]

Which had absolutely NOTHING to do with Muir and fine well you know it.

Really...i totally disagree.....

[minnbear 30]

lol.

i think i covered that under my wattie statement.

name me one revenue stream d muir has improved.

as i say is it to much to ask from a turn around specialist to at least improve one.

i could have gone in there and said sell everything thats not bolted down and stop spending. its not rocket science.

One of the main reasons last year for not cutting a big chunk off the debt OR putting any away (if we can only pay off a set amount each year), was that we were paying off old transfer debts (was it 8 or 9 million ?), so by rights we should be at least that to the good this year, right ?. Plus we're going to earn more CL money this year than we did last ?

If there are any other wee hidden debts for this year it would be nice if they would let us know then we wouldn't need all these "money" threads.

[GeneralCartmanLee 313]

lol.

i think i covered that under my wattie statement.

name me one revenue stream d muir has improved.

as i say is it to much to ask from a turn around specialist to at least improve one.

i could have gone in there and said sell everything thats not bolted down and stop spending. its not rocket science.

He has facilitated a relationship with the bank that has allowed us to still operate against a back ground of huge debt reduction. That is how he contributes not by finding revenue streams.....(no idea why you think he would be finding revenue streams.... )

[GeneralCartmanLee 313]

P.S apply for his job if it's that easy..say you will do it for half price...Sir David likes a bargin and a man of your undoubted credentials would be hard to turn down

[gunslinger 270]

One of the main reasons last year for not cutting a big chunk off the debt OR putting any away (if we can only pay off a set amount each year), was that we were paying off old transfer debts (was it 8 or 9 million ?), so by rights we should be at least that to the good this year, right ?. Plus we're going to earn more CL money this year than we did last ?

If there are any other wee hidden debts for this year it would be nice if they would let us know then we wouldn't need all these "money" threads.

no i dont think anything else is hidden.

ticket sales are down certainly.

the story was the loan was all repaid or 1 million nothing in between.

it sure would be nice to know whats going on.