graeme_4 34,430 Posted November 20, 2020 Share Posted November 20, 2020 5 minutes ago, eskbankloyal said: You make the £16m sale sound trivial - we’ve never sold anybody for close to that level before. We had a £16m on the table for Morelos that we said no to. Link to post Share on other sites More sharing options...
graeme_4 34,430 Posted November 20, 2020 Share Posted November 20, 2020 Just now, Rangers_no1 said: This place is mental. Scum release break even figures - Look they can only get profits by selling players, horrific figures and are in huge trouble. We release huge loses - Nothing to worry about we can sell players to break even. Fucking hell. The reality is the majority on here have absolutely no idea what they’re talking about, have never run a business (let alone one the size of Rangers) and their commentary on the accounts isn’t worth anything. Link to post Share on other sites More sharing options...
Clemdog 39,389 Posted November 20, 2020 Share Posted November 20, 2020 34 minutes ago, eskbankloyal said: I‘ll give a detailed post on them tomorrow but my first view is that they are pretty horrific. Players need to be sold in the summer. Link to post Share on other sites More sharing options...
Jb85 1,783 Posted November 20, 2020 Share Posted November 20, 2020 6 minutes ago, AlbertzLoyalRSC said: Is this in the accounts mate, or from something else? I didn't think it would be nearly that much. Glad to be wrong tho. Link to post Share on other sites More sharing options...
eskbankloyal 19,446 Posted November 20, 2020 Share Posted November 20, 2020 3 minutes ago, Jb85 said: Just saw this on FF: From the financial report.... The Group has submitted a claim on its Business Interruption insurance for losses caused by COVID-19, the curtailment of the 2019/20 season and the ongoing pandemic, which continues to impact a number of revenue streams and the use of the Stadium. The scale and timing of any claim is uncertain, however we have recognised amounts received from our insurers against our claim to date. Received £1.25m so far Link to post Share on other sites More sharing options...
GaryMc 2,394 Posted November 20, 2020 Share Posted November 20, 2020 It's a worry seeing those figures but the board have never pretended we'd be making profits by this point. I do think if the investments come to fruition this year by winning the league then getting to the CL it changes our whole financial landscape massively. If we deliver on the pitch this year I'm optimistic our club can grow massively pretty quickly. Without the pressure of their tainted 10 hanging over us we will flourish. Massive season for various reasons. Link to post Share on other sites More sharing options...
Jb85 1,783 Posted November 20, 2020 Share Posted November 20, 2020 2 minutes ago, eskbankloyal said: Received £1.25m so far Do you know if we’re likely to see any more? Link to post Share on other sites More sharing options...
STEPPS BOY 73,886 Posted November 20, 2020 Share Posted November 20, 2020 4 minutes ago, graeme_4 said: The reality is the majority on here have absolutely no idea what they’re talking about, have never run a business (let alone one the size of Rangers) and their commentary on the accounts isn’t worth anything. Eskbank is the man for this but all the other stuff is there in black and white. it’s not pretty even if my commentary is worth nothing. Link to post Share on other sites More sharing options...
jamess 3,422 Posted November 20, 2020 Share Posted November 20, 2020 6 minutes ago, Rangers_no1 said: This place is mental. Scum release break even figures - Look they can only get profits by selling players, horrific figures and are in huge trouble. We release huge loses - Nothing to worry about we can sell players to break even. top panicking.Fucking hell. I see no panic. Stop panicking. Link to post Share on other sites More sharing options...
2nd Flute 14,036 Posted November 20, 2020 Share Posted November 20, 2020 19 minutes ago, eskbankloyal said: Alright on paper but in reality, very few of those players have attracted any significant offers. Difficult to know what the market will look like in the summer with Covid impact etc as well. Exactly mate, Morelos was our big pay day, it never happened, it won't be happening now. Link to post Share on other sites More sharing options...
andyhrfc 2,242 Posted November 20, 2020 Share Posted November 20, 2020 The operating loss is effectively the shortfall in gate receipts. Taking an average ticket being £28. League games 5000 fans x £28 x 19 games: About £2.6M Europe, 50000 fans x £28 x 6 to include qualifiers and group. About £8.4M So that is £11M so far Any additional European games about £1.4M each. Add on home domestic cup games and we are up to around £15M lost income. Link to post Share on other sites More sharing options...
ChampionsAgain 1,373 Posted November 20, 2020 Share Posted November 20, 2020 Struggling to panic tbh. This will be the last year without any player sales or notable merch income. I’m convinced we will make the CL group stages next year anol. Investors and fans digging deep need to be applauded. Link to post Share on other sites More sharing options...
Amato 3,016 Posted November 20, 2020 Share Posted November 20, 2020 5 minutes ago, andyhrfc said: The operating loss is effectively the shortfall in gate receipts. Taking an average ticket being £28. League games 5000 fans x £28 x 19 games: About £2.6M Europe, 50000 fans x £28 x 6 to include qualifiers and group. About £8.4M So that is £11M so far Any additional European games about £1.4M each. Add on home domestic cup games and we are up to around £15M lost income. Have you just disregarded all of the associated costs of hosting those games? Link to post Share on other sites More sharing options...
.Williamson. 82,122 Posted November 20, 2020 Share Posted November 20, 2020 I am seeing the other lot saying we have spent so much that we are breaking FFP rules and need kicked out of European football How accurate is this? Link to post Share on other sites More sharing options...
philiprfc 1,799 Posted November 20, 2020 Share Posted November 20, 2020 2 minutes ago, .Williamson. said: I am seeing the other lot saying we have spent so much that we are breaking FFP rules and need kicked out of European football How accurate is this? They say that every year Link to post Share on other sites More sharing options...
andyhrfc 2,242 Posted November 20, 2020 Share Posted November 20, 2020 1 minute ago, Amato said: Have you just disregarded all of the associated costs of hosting those games? Not included and I haven’t added on additional corporate, merchandising and other match day revenue. They will balance each other out. Feel free to give a more rounded estimate if you like but it is a decent starting point. Link to post Share on other sites More sharing options...
.Williamson. 82,122 Posted November 20, 2020 Share Posted November 20, 2020 Just now, philiprfc said: They say that every year I know mate that's why im looking to know how accurate it is I haven't a clue what I'm looking at with the figures tbh Link to post Share on other sites More sharing options...
ChampionsAgain 1,373 Posted November 20, 2020 Share Posted November 20, 2020 2 minutes ago, .Williamson. said: I am seeing the other lot saying we have spent so much that we are breaking FFP rules and need kicked out of European football How accurate is this? I could be wrong but I believe it’s only wages and transfer fees. Link to post Share on other sites More sharing options...
Malkytfp1 18,592 Posted November 20, 2020 Share Posted November 20, 2020 1 minute ago, ChampionsAgain said: I could be wrong but I believe it’s only wages and transfer fees. I don't think so mate. Wasn't that why man city sold their stadium to Etihad? To generate revenue/income? Could be wrong. Link to post Share on other sites More sharing options...
eskbankloyal 19,446 Posted November 20, 2020 Share Posted November 20, 2020 5 minutes ago, .Williamson. said: I am seeing the other lot saying we have spent so much that we are breaking FFP rules and need kicked out of European football How accurate is this? Not accurate at all, unsurprisingly Link to post Share on other sites More sharing options...
ChampionsAgain 1,373 Posted November 20, 2020 Share Posted November 20, 2020 1 minute ago, Malkytfp1 said: I don't think so mate. Wasn't that why man city sold their stadium to Etihad? To generate revenue/income? Could be wrong. I think that was to try cheat the system tbf and they got caught Link to post Share on other sites More sharing options...
TEFTONG 60,088 Posted November 20, 2020 Share Posted November 20, 2020 4 minutes ago, .Williamson. said: I am seeing the other lot saying we have spent so much that we are breaking FFP rules and need kicked out of European football How accurate is this? The Taigs are financial experts mate. So whatever they are saying must be 100% accurate. Admin 23 and sent down to Junior football for us now. Link to post Share on other sites More sharing options...
The Dude 20,026 Posted November 20, 2020 Share Posted November 20, 2020 1 minute ago, eskbankloyal said: Not accurate at all, unsurprisingly Isn't this year and next year being taken as a single period now? Link to post Share on other sites More sharing options...
esquire8 42,445 Posted November 20, 2020 Share Posted November 20, 2020 1 minute ago, The Dude said: Isn't this year and next year being taken as a single period now? Link to post Share on other sites More sharing options...
eskbankloyal 19,446 Posted November 20, 2020 Share Posted November 20, 2020 2 minutes ago, The Dude said: Isn't this year and next year being taken as a single period now? Not 100% sure how they are doing it. But what celtic fans are doing is taking the combined 3 year loss of about £43m which is higher than is allowed. But it’s not as simple as that as a lot of the expenditure isn’t included such as youth academy, infrastructure & lots of other things. Link to post Share on other sites More sharing options...
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