Guest 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 thatTheir debt must be rising all the time with their wage bill. They are around 9 million in debt last time i saw and their wage bill must be in the region of 300k per week. they have a massive pool of players and most will be on 15k-20k a week. There must be questions asked of where our money is going if our debt isnt in the region of 15-20 million when we release our results considering the amount of money we have brought in this season. Link to post Share on other sites More sharing options...
boss 1,941 Posted March 9, 2011 Share Posted March 9, 2011 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.That's just utter rubbish. You really ought not to make up such garbage. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 Their debt must be rising all the time with their wage bill. They are around 9 million in debt last time i saw and their wage bill must be in the region of 300k per week. they have a massive pool of players and most will be on 15k-20k a week. There must be questions asked of where our money is going if our debt isnt in the region of 15-20 million when we release our results considering the amount of money we have brought in this season.while there wage bill is more than 300k a week its actually falling. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 That's just utter rubbish. You really ought not to make up such garbage. your saying theese figures cant be massaged to include guaranteed future revenues. i say your the one whos wrong. Link to post Share on other sites More sharing options...
Gillete 1,338 Posted March 9, 2011 Share Posted March 9, 2011 Celtic have players like kayal and izaguirre who can be sold for large sumsUnlike us who let our players go for buttons or we give them a big lump sum as they are laughing out the door Link to post Share on other sites More sharing options...
boss 1,941 Posted March 9, 2011 Share Posted March 9, 2011 your saying theese figures cant be massaged to include guaranteed future revenues. i say your the one whos wrong.Lol - gunslinger says I'm wrong on a point of accountancy! I've been found out... The CL money MUST be accrued in the H1 accounts irrespective of the timing of receipt. There's no ifs, buts or maybes about it. Rangers can't leave the CL money out of the H1 income just because they want to. Or because gunslinger says they can.Now, stop posting utter garbage on stuff you know little about. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 Celtic have players like kayal and izaguirre who can be sold for large sumsUnlike us who let our players go for buttons or we give them a big lump sum as they are laughing out the doorindeed. we are being run terribly at presnt. Link to post Share on other sites More sharing options...
Guest Posted March 9, 2011 Share Posted March 9, 2011 while there wage bill is more than 300k a week its actually falling.There is no chance their debt is falling right now. They are not getting the attendences or revenue every month to keep up with 300k a week. It will probably fall in the summer because they will be forced to sell players to bring it down but before they do that at the end of the season i think their debt will be arounf the 12 million mark. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 There is no chance their debt is falling right now. They are not getting the attendences or revenue every month to keep up with 300k a week. It will probably fall in the summer because they will be forced to sell players to bring it down but before they do that at the end of the season i think their debt will be arounf the 12 million mark.dont count on it thats all i am saying. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 Lol - gunslinger says I'm wrong on a point of accountancy! I've been found out... The CL money MUST be accrued in the H1 accounts irrespective of the timing of receipt. There's no ifs, buts or maybes about it. Rangers can't leave the CL money out of the H1 income just because they want to. Or because gunslinger says they can.Now, stop posting utter garbage on stuff you know little about.thanks for clearing that up Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted March 9, 2011 Share Posted March 9, 2011 Are you going to let him speak to you like that, Kingy? Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 Are you going to let him speak to you like that, Kingy? yes hes probably right. Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted March 9, 2011 Share Posted March 9, 2011 yes hes probably right.You pulled out of that like Edu! Link to post Share on other sites More sharing options...
boss 1,941 Posted March 9, 2011 Share Posted March 9, 2011 thanks for clearing that up No probs, bro. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 You pulled out of that like Edu!i simply misunderstood something i had previously read. regarding cl cash being released into the first half figures. Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted March 9, 2011 Share Posted March 9, 2011 i simply misunderstood something i had previously read. regarding cl cash being released into the first half figures.I was only pulling your leg, mate. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 I was only pulling your leg, mate.i know Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 this site is excellent btw for football finance stuffhttp://swissramble.blogspot.com/2011/03/is-footballs-gravy-train-slowing-down.html Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 Love that blog. Each one takes a good 10 minutes to read, but well worth it. He says he's going to do one on us in the coming weeks.excelent he did a big one on celtc in the summer i think. Link to post Share on other sites More sharing options...
nvager 498 Posted March 9, 2011 Author Share Posted March 9, 2011 Big question for me is will Rangers debt get below the 20m mark? Certainly hope so. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 Big question for me is will Rangers debt get below the 20m mark? Certainly hope so.theese figures wont tell us. we can perhaps guestimate though when we get them. Link to post Share on other sites More sharing options...
Craigie79 67 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?Here's a couple of links that explain that a bithttp://www.heraldscotland.com/sport/spl/rangers/the-football-money-league-murray-group-s-decade-of-bank-borrowing-1.929567http://findarticles.com/p/articles/mi_qn4156/is_19990808/ai_n13941344/pg_3/?tag=content;col1 Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,611 Posted March 9, 2011 Share Posted March 9, 2011 Big question for me is will Rangers debt get below the 20m mark? Certainly hope so.you would think so Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 depends on so many factors. cl revenue is up.player sales probably up depending on payment schedule and what the add ons were. player purchases down a bitcosts reduced. well wage bill anyway but ticket revenue will be down hospitality etc. Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 9, 2011 Share Posted March 9, 2011 depends on so many factors. cl revenue is up.player sales probably up depending on payment schedule and what the add ons were. player purchases down a bitcosts reduced. well wage bill anyway but ticket revenue will be down hospitality etc. Link to post Share on other sites More sharing options...
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