james_85 605 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 Quote Link to post Share on other sites
Popular Post SeparateEntityMyArse 44,785 Posted November 20, 2020 Popular Post Share Posted November 20, 2020 Fenians in a frenzy. jjbscotty12, CoatbridgeBear, james_85 and 5 others like this Quote Link to post Share on other sites
STEPPS BOY 37,570 Posted November 20, 2020 Share Posted November 20, 2020 15.9 million operating loss. European football brought in 20.7 million. Quote Link to post Share on other sites
Willis 5,239 Posted November 20, 2020 Share Posted November 20, 2020 Maybe we'll have enough to bring back the face painters next season Dickie1963, qwerty, glasgow argyle and 1 other like this Quote Link to post Share on other sites
Popular Post Nameless Ghoul 3,131 Posted November 20, 2020 Popular Post Share Posted November 20, 2020 Not going to even pretend i know what it all means. Waiting for a breakdown from someone who does bluenoz, Broxi95, Bears r us and 9 others like this Quote Link to post Share on other sites
SeparateEntityMyArse 44,785 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. HG5 and Broxi95 like this Quote Link to post Share on other sites
RFCRobertson 9,785 Posted November 20, 2020 Share Posted November 20, 2020 ELI5 please Quote Link to post Share on other sites
mitre_mouldmaster 11,571 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. 2nd Flute, ayrshireranger and Bluekev like this Quote Link to post Share on other sites
qwerty 2,110 Posted November 20, 2020 Share Posted November 20, 2020 miracle, bluenoz and CoatbridgeBear like this Quote Link to post Share on other sites
eejay the dj 30,251 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 😄 Broxi95, Nameless Ghoul and Robmc1 like this Quote Link to post Share on other sites
wewillfollowrangers 8,972 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. AlbertzLoyalRSC and magic8ball like this Quote Link to post Share on other sites
Popular Post TamCoopz 6,897 Posted November 20, 2020 Popular Post 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 RockwellGers, CoopsLaud, The Dude and 6 others like this Quote Link to post Share on other sites
eejay the dj 30,251 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 Quote Link to post Share on other sites
eejay the dj 30,251 Posted November 20, 2020 Share Posted November 20, 2020 ok Tam You happy Maybe remove your reply and it never happened 👍 Quote Link to post Share on other sites
Popular Post STEPPS BOY 37,570 Posted November 20, 2020 Popular Post 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. RFCRobertson, plymouthranger, TheKingObv and 24 others like this Quote Link to post Share on other sites
Popular Post The Dude 11,080 Posted November 20, 2020 Popular Post 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. RFCRobertson, Mr Soprano, Rum Ham and 13 others like this Quote Link to post Share on other sites
SeparateEntityMyArse 44,785 Posted November 20, 2020 Share Posted November 20, 2020 Yeah, there's enough flesh left to bring Wilshere in. Let's go 😁 Quote Link to post Share on other sites
Popular Post The Dude 11,080 Posted November 20, 2020 Popular Post 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. BridgeIsBlue, tm91, RfcSevco and 2 others like this Quote Link to post Share on other sites
kanjo 2,358 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. Quote Link to post Share on other sites
ElBufalo20 3,905 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. Sweetheart and Bluekev like this Quote Link to post Share on other sites
jamess 1,620 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. graeme_4 likes this Quote Link to post Share on other sites
gazza27 9,832 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 Bluekev, Junior Soprano and BridgeIsBlue like this Quote Link to post Share on other sites
The Dude 11,080 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. Quote Link to post Share on other sites
andyhrfc 1,531 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? Bluekev likes this Quote Link to post Share on other sites
jamess 1,620 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? Quote Link to post Share on other sites
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