Rangers "Debt"

[RangerSmithKillsYogi 12]

so if the debt started as bring £32m or whatever and we reduced it by £13m, how is it reported to be £27m :s

The player transfers from the last 2-3 seasons that weren't paid off didn't come under the debt.

[BawdeepLoyal 94]

From the chats in Bursa - and there were numerous - the last number was 21.

True? BS? Who nows, but I have to say it would seem more realistic than most of them.

BD

[CallumRangers 1]

£3m for Mendes ? Try half of that.

[gunslinger 270]

Paying off old transfer fees we owed then I would agree with that, and if that's the case we should have about another 13 million to pay of more debt end of this season.

It could also be a lot more as the previous season we made a huge loss, then we made a profit end of last season about £4 million in one of the areas, and that also covered a loss if I remember correctly.

As to the paying back £1 million a year, I think this was an arrangement that was made with the bank SDM used to deal with, this bank went bust when there was the financial crash and Lloyds took over the accounts. So basically it wasn't an agreement that was made with Lloyds, even though I believe there was influences at Lloyds which haven't helped us much.

their were articles on here where d muir had confirmed to admin that it was 1 bar a year to be repaid.

i took dogs abuse for suggesting it was bs.

and guess what it is bs.

but its just more of the misinformation frankie was talking about. or lack of clarity if you prefer.

[gunslinger 270]

Paying off old transfer fees we owed then I would agree with that, and if that's the case we should have about another 13 million to pay of more debt end of this season.

It could also be a lot more as the previous season we made a huge loss, then we made a profit end of last season about £4 million in one of the areas, and that also covered a loss if I remember correctly.

As to the paying back £1 million a year, I think this was an arrangement that was made with the bank SDM used to deal with, this bank went bust when there was the financial crash and Lloyds took over the accounts. So basically it wasn't an agreement that was made with Lloyds, even though I believe there was influences at Lloyds which haven't helped us much.

their were articles on here where d muir had confirmed to admin that it was 1 bar a year to be repaid.

i took dogs abuse for suggesting it was bs.

and guess what it is bs.

but its just more of the misinformation frankie was talking about. or lack of clarity if you prefer.

[gunslinger 270]

so if the debt started as bring £32m or whatever and we reduced it by £13m, how is it reported to be £27m :s

we paid out 7_8 million in transfer fees last season.

[miracle 7,789]

7-8m on a 6 month loan for Rothen?

[gunslinger 270]

7-8m on a 6 month loan for Rothen?

and the likes of lafferty edu majid etc

[docspiderman 1,225]

£3m for Mendes ? Try half of that.

From the annual report

"The gain on disposal of player registrations, including Barry Ferguson, Charlie Adam and Pedro Mendes, was £5.7m less than the prior year at £0.5m"

I remember that there was something as part of the deal for Mendes to go back to Sporting to do with us funding his wages while he was there and we probably still had to pay Portsmouth part of his transfer fee.

[gunslinger 270]

From the annual report

"The gain on disposal of player registrations, including Barry Ferguson, Charlie Adam and Pedro Mendes, was £5.7m less than the prior year at £0.5m"

I remember that there was something as part of the deal for Mendes to go back to Sporting to do with us funding his wages while he was there and we probably still had to pay Portsmouth part of his transfer fee.

it was reported in the potugese press we sold him for 1 million and were still paying him 20k a week for 6 months or a year. i am sure it was a year.

so as i said before esentially we sold him for a loan of a million interest free for a year.