nvager 498 Posted March 9, 2011 Share Posted March 9, 2011 Must be due out soon? Should be good news? Hopefully. Link to post Share on other sites More sharing options...
JM1872 3,708 Posted March 9, 2011 Share Posted March 9, 2011 Was wondering this myself.. Thought they were supposed to be out on Monday? or the Monday before? Regardless, I sincerely hope its worth that wait.It should be good news, however. Link to post Share on other sites More sharing options...
Allanger 625 Posted March 9, 2011 Share Posted March 9, 2011 Thought you were going to post them there for a minute. Our books must make decent reading after the cuts we have made.It's our bank situation I don't understand. Why when we are servicing the debt and reducing our outgoings can the bank not take a step back? Link to post Share on other sites More sharing options...
CottonRunt 978 Posted March 9, 2011 Share Posted March 9, 2011 Hate to mention the cunt but Spears (on twitter)says results will be out Monday.Also says there have been "Hiccups"Various: Rangers half-term accounts now coming out on Monday. There's been, er, some hiccups...There is also a quote from a Hears fan saying we are in administration by proxy! Link to post Share on other sites More sharing options...
JM1872 3,708 Posted March 9, 2011 Share Posted March 9, 2011 Thought you were going to post them there for a minute. Our books must make decent reading after the cuts we have made.It's our bank situation I don't understand. Why when we are servicing the debt and reducing our outgoings can the bank not take a step back?I'm sure Walter said that Lloyds were "running the club" now. Someone on here said that this meant, or may mean, that SDM's hands are tied now.Right enough though, Lloyd's actions and their way of going about things is baffling however it could end up being a blessing in disguise for our club in the long run! Link to post Share on other sites More sharing options...
JM1872 3,708 Posted March 9, 2011 Share Posted March 9, 2011 Thought you were going to post them there for a minute. Our books must make decent reading after the cuts we have made.It's our bank situation I don't understand. Why when we are servicing the debt and reducing our outgoings can the bank not take a step back?I'm sure Walter said that Lloyds were "running the club" now. Someone on here said that this meant, or may mean, that SDM's hands are tied now.Right enough though, Lloyd's actions and their way of going about things is baffling however it could end up being a blessing in disguise for our club in the long run! Link to post Share on other sites More sharing options...
CottonRunt 978 Posted March 9, 2011 Share Posted March 9, 2011 Also heard the debt will still be around £20-22 million.Again though this was from twitter, not exactly the best source. Link to post Share on other sites More sharing options...
Allanger 625 Posted March 9, 2011 Share Posted March 9, 2011 Also heard the debt will still be around £20-22 million.Again though this was from twitter, not exactly the best source.See thats the thing CR. 20-22 mil is not a huge amount of debt for a company of our size.What level of debt are the bank going to be comfortable with and why are they being so hasty in getting us down to that level when we are more than meeting our commitments? Link to post Share on other sites More sharing options...
SteveJ 743 Posted March 9, 2011 Share Posted March 9, 2011 I read recently that the accounts have been delayed on three occasions and this is now the fourth. I don't know why the release has been delayed but it is pretty worrying Link to post Share on other sites More sharing options...
SteveJ 743 Posted March 9, 2011 Share Posted March 9, 2011 See thats the thing CR. 20-22 mil is not a huge amount of debt for a company of our size.What level of debt are the bank going to be comfortable with and why are they being so hasty in getting us down to that level when we are more than meeting our commitments?Because Rangers are part of MIH, who are due the bank far more than Rangers FC ever will. I wish people would understand this instead of thinking there is a hidden agenda! The bank will persue every penny of the debt until it is zero, because MIH owes so much. Link to post Share on other sites More sharing options...
lee-irvine 53 Posted March 9, 2011 Share Posted March 9, 2011 see i heard from my uncle that the debts supposed to be in the low teens now? dunno where he heard from whether it be the papers or contacts in glasgow, suppose anything now is just a guess until they are released Link to post Share on other sites More sharing options...
JM1872 3,708 Posted March 9, 2011 Share Posted March 9, 2011 After thinking about it, were probably waiting for AJ, our fantastic chairman!, to e-mail over from the US his little piece to place in at the start.Other than that, who actually knows whats going on. Link to post Share on other sites More sharing options...
Allanger 625 Posted March 9, 2011 Share Posted March 9, 2011 Because Rangers are part of MIH, who are due the bank far more than Rangers FC ever will. I wish people would understand this instead of thinking there is a hidden agenda! The bank will persue every penny of the debt until it is zero, because MIH owes so much.Sorry steve but that is nonsense. No bank anywhere wants its business clients to have zero debt. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 the enemy within blocked there release earlier in the month. god knows whats going on now. Link to post Share on other sites More sharing options...
SteveJ 743 Posted March 9, 2011 Share Posted March 9, 2011 Sorry steve but that is nonsense. No bank anywhere wants its business clients to have zero debt.Having a zero debt at rangers would not be a zero debt for Lloyd's business client as MIH would still be in debt Link to post Share on other sites More sharing options...
Allanger 625 Posted March 9, 2011 Share Posted March 9, 2011 the enemy within blocked there release earlier in the month. god knows whats going on now.That is a strange one mate. Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted March 9, 2011 Share Posted March 9, 2011 the enemy within blocked there release earlier in the month. god knows whats going on now. :lol: :lol: Link to post Share on other sites More sharing options...
neilstonloyal 186 Posted March 9, 2011 Share Posted March 9, 2011 Hate to mention the cunt but Spears (on twitter)says results will be out Monday.Also says there have been "Hiccups"There is also a quote from a Hears fan saying we are in administration by proxy! hearts are worse than rangers lol cause romanov owns a bank there getting away with it Link to post Share on other sites More sharing options...
nvager 498 Posted March 9, 2011 Author Share Posted March 9, 2011 Will be interesting to see the results and any remarks that come with them. Monday? Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted March 9, 2011 Share Posted March 9, 2011 Thought you were going to post them there for a minute. Our books must make decent reading after the cuts we have made.It's our bank situation I don't understand. Why when we are servicing the debt and reducing our outgoings can the bank not take a step back?the bank will take many steps back once they are satisfied that the club isnt running at a loss every season (without european money) and that the powers in charge of the club are smart enough to keep the club in the black every yearright now we arent downsizing or being strangled etc by the banks, they are simply making us live within our means, hence why our debt will drop (plus no outstanding transfers) while they daft bastards across the city will see their debt jump to maybe 12 million by the summer Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 That is a strange one mate.not really wait till you see them. its going to be imposible for them to justify our spending cuts in jan given the superb figures and the fact we are behind in the league. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 the bank will take many steps back once they are satisfied that the club isnt running at a loss every season (without european money) and that the powers in charge of the club are smart enough to keep the club in the black every yearright now we arent downsizing or being strangled etc by the banks, they are simply making us live within our means, hence why our debt will drop (plus no outstanding transfers) while they daft bastards across the city will see their debt jump to maybe 12 million by the summerthere debts will be arround 5 million. if your making a huge profit your not living within your means. Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted March 9, 2011 Share Posted March 9, 2011 there debts will be arround 5 million. if your making a huge profit your not living within your means.how will their debt be around 5 mill when its higher than that already they have no income coming this part of the season other than matchday generated revenue, no season ticket sales, no euro money to be awarded when the tournaments are doneas for us making a huge profit, that is basically due to the champions league, its obvious that the banks dont want us relying on that money to pay our expenses throughout a season, hence why they are reducing our budgetsour last season without champions league football seen our debt rise to 30million plus, and a crippling wage bill on top of that Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 how will their debt be around 5 mill when its higher than that already they have no income coming this part of the season other than matchday generated revenue, no season ticket sales, no euro money to be awarded when the tournaments are doneas for us making a huge profit, that is basically due to the champions league, its obvious that the banks dont want us relying on that money to pay our expenses throughout a season, hence why they are reducing our budgetsour last season without champions league football seen our debt rise to 30million plus, and a crippling wage bill on top of thatthey have 2 cup games v us in the later 6 months and huge revenues from player sales. theres no point arging about it for now but dont get excited about there debts rising they will move little if at all over the year. profits can and indeed should be reinvested at ambitious football clubs. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 the thing about half year results is they can be massaged. its perfectly acceptable for example to include the cl money as revenue even though the cash is not in the bank. its also acceptable not to include it. we wont know how they have gone on that untill year end. Link to post Share on other sites More sharing options...
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