james_85 656 Posted November 20, 2020 Share Posted November 20, 2020 https://www.Rangers.co.uk/article/annual-report-and-accounts-and-notice-of-2020-agm/1RoXtgfv66hyiAbwnX8Eff Link to post Share on other sites More sharing options...
SeparateEntityMyArse 53,620 Posted November 20, 2020 Share Posted November 20, 2020 Fenians in a frenzy. Link to post Share on other sites More sharing options...
STEPPS BOY 73,802 Posted November 20, 2020 Share Posted November 20, 2020 15.9 million operating loss. European football brought in 20.7 million. Link to post Share on other sites More sharing options...
Willis 20,919 Posted November 20, 2020 Share Posted November 20, 2020 Maybe we'll have enough to bring back the face painters next season Link to post Share on other sites More sharing options...
Nameless Ghoul 6,051 Posted November 20, 2020 Share Posted November 20, 2020 Not going to even pretend i know what it all means. Waiting for a breakdown from someone who does Link to post Share on other sites More sharing options...
SeparateEntityMyArse 53,620 Posted November 20, 2020 Share Posted November 20, 2020 1 minute ago, Nameless Ghoul said: Not going to even pretend i know what it all means. Waiting for a breakdown from someone who does Ill Phil hasn't yet said we're going bankrupt, but he will. Obviously. Link to post Share on other sites More sharing options...
RFCRobertson 11,771 Posted November 20, 2020 Share Posted November 20, 2020 ELI5 please Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted November 20, 2020 Share Posted November 20, 2020 Not great numbers, but thats what happens in a global pandemic. Going Concern note sounds a bit scary, but the backers still seem to be willing to cover us. Will have to start making some money on player sales eventually to cover the losses when we dont make the Champions League. There is always doubts when we require backers to keep us afloat, so medium term we have to get the finances improved quite a bit, but if we sell a few players at the end of the season, then I think people will be relatively happy. Link to post Share on other sites More sharing options...
qwerty 3,730 Posted November 20, 2020 Share Posted November 20, 2020 Link to post Share on other sites More sharing options...
eejay the dj 31,964 Posted November 20, 2020 Share Posted November 20, 2020 12 minutes ago, Nameless Ghoul said: Not going to even pretend i know what it all means. Waiting for a breakdown from someone who does Waiting on someone with real smarts “ to give us all the finite detail in layman’s terms 😄 Link to post Share on other sites More sharing options...
We Will Follow Rangers 12,917 Posted November 20, 2020 Share Posted November 20, 2020 Imperative we win the league this season, given our European form I'd fancy us to get through the C/L qualifiers. We also have sizable assets on the pitch. Link to post Share on other sites More sharing options...
TamCoopz 19,605 Posted November 20, 2020 Share Posted November 20, 2020 1 minute ago, eejay the dj said: Waiting on “ The Dude “ to give us all the finite detail in layman’s terms 😄 Mate this is a pointless comment, he’ll probably come in here now and rightfully respond to your comment then all the usual suspects will jump on him for hijacking the thread Link to post Share on other sites More sharing options...
eejay the dj 31,964 Posted November 20, 2020 Share Posted November 20, 2020 Just now, TamCoopz said: Mate this is a pointless comment, he’ll probably come in here now and rightfully respond to your comment then all the usual suspects will jump on him for hijacking the thread Lighten up Tam .It was a joke but suppose you have a point Link to post Share on other sites More sharing options...
eejay the dj 31,964 Posted November 20, 2020 Share Posted November 20, 2020 ok Tam You happy Maybe remove your reply and it never happened 👍 Link to post Share on other sites More sharing options...
STEPPS BOY 73,802 Posted November 20, 2020 Share Posted November 20, 2020 I’ve already said on here that no matter what happens this season we’ll need to sell players.. The nonsense about Europe being a distraction (myself included btw) is laid bare in accounts. Absolutely vital income. Link to post Share on other sites More sharing options...
The Dude 20,026 Posted November 20, 2020 Share Posted November 20, 2020 10 minutes ago, eejay the dj said: Waiting on “ The Dude “ to give us all the finite detail in layman’s terms 😄 Rent free. Link to post Share on other sites More sharing options...
SeparateEntityMyArse 53,620 Posted November 20, 2020 Share Posted November 20, 2020 Yeah, there's enough flesh left to bring Wilshere in. Let's go 😁 Link to post Share on other sites More sharing options...
The Dude 20,026 Posted November 20, 2020 Share Posted November 20, 2020 Europe is absolutely vital financially for us and I wouldn't be surprised to see the club actively look to move on Morelos at the end of the season - if the right offer is there. Link to post Share on other sites More sharing options...
kanjo 26,327 Posted November 20, 2020 Share Posted November 20, 2020 Covid was always going to be costly. As it has been for every club. That and our very poor second half of last season. Think those figures show that player sales are unfortunately a thing we need to get used to. If Morelos was sold for the £16m we were offered we'd have (I presume?) broke even. Would assume we are fine. Link to post Share on other sites More sharing options...
ElBufalo20 7,875 Posted November 20, 2020 Share Posted November 20, 2020 The missing gate receipts from Europe this season leaves a massive hole. Surely that’s not an outrageous figure given ticket sales and the fact we’ve spent quite a lot in the last 18 months on players without actually selling anyone for decent money. Link to post Share on other sites More sharing options...
jamess 3,407 Posted November 20, 2020 Share Posted November 20, 2020 I have no idea what it all means but I have no doubt that the board and their backers are putting money in to keep us going. Any other business you wouldn't bother, but luckily some are willing to put money into getting 55. Link to post Share on other sites More sharing options...
gazza27 15,281 Posted November 20, 2020 Share Posted November 20, 2020 3 minutes ago, The Dude said: Europe is absolutely vital financially for us and I wouldn't be surprised to see the club actively look to move on Morelos at the end of the season - if the right offer is there. Doubt anybody would be suprised at that tbh Link to post Share on other sites More sharing options...
The Dude 20,026 Posted November 20, 2020 Share Posted November 20, 2020 Just now, gazza27 said: Doubt anybody would be suprised at that tbh I wouldnt imagine we'll be half as fussy over offers this summer. Anything north of 15m and he's gone. Link to post Share on other sites More sharing options...
andyhrfc 2,242 Posted November 20, 2020 Share Posted November 20, 2020 This is an operating loss and has to be read in that context. To be expected but in the bigger picture not an issue. Why all the knee jerking about player sales? Link to post Share on other sites More sharing options...
jamess 3,407 Posted November 20, 2020 Share Posted November 20, 2020 4 minutes ago, The Dude said: I wouldnt imagine we'll be half as fussy over offers this summer. Anything north of 15m and he's gone. Will we care about anything if we get 55? Link to post Share on other sites More sharing options...
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