Jimfanciesthedude 24,545 Posted November 21, 2020 Share Posted November 21, 2020 2 minutes ago, British_Empire said: I'm perhaps being stupid or missing something here, but do additional match day ticket sales (outwith season ticket money but including hospitality/corporate) really add up to 15-million? Europa league they do, our prize money was just over 8mill, our euro revenue was just over 20mill, so you have to imagine thats all ticket sales, 9 home games with fans remember, 1.5mill a home game in ticket sales isn't far fetched Link to post Share on other sites More sharing options...
RFC55 108,925 Posted November 21, 2020 Share Posted November 21, 2020 2 minutes ago, Rangers_no1 said: The loss next year is going to be far worse! These accounts are for last year and include EL gate money that we received for EVERY tie. This year we will lose all of that. CL money is vital. There is no castore money or merchandise money from them either in these ones Link to post Share on other sites More sharing options...
The Godfather 71,893 Posted November 21, 2020 Share Posted November 21, 2020 Oh well. Great while it lasted Link to post Share on other sites More sharing options...
Brian Fantana 28,894 Posted November 21, 2020 Share Posted November 21, 2020 Would it not be better to just sell every seat as a season ticket this year? People would pay and surely that would be more than what you get if people are actually in attendance considering police, staff and running costs? Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,545 Posted November 21, 2020 Share Posted November 21, 2020 25 minutes ago, Rangers_no1 said: The loss next year is going to be far worse! These accounts are for last year and include EL gate money that we received for EVERY tie. This year we will lose all of that. CL money is vital. Oh i know, i was saying though that a good run in the europa seems to cover our general losses, we've incurred more due to buying players etc Link to post Share on other sites More sharing options...
J-Maestro 11,101 Posted November 21, 2020 Share Posted November 21, 2020 If we win the league I'll be expecting 2 or 3 of our players sold for a decent amount of money. Namely Morelos and Barisic(especially if he has a good Euros). Link to post Share on other sites More sharing options...
BridgeIsBlue 66,606 Posted November 21, 2020 Share Posted November 21, 2020 Link to post Share on other sites More sharing options...
The Dude 20,026 Posted November 21, 2020 Share Posted November 21, 2020 5 hours ago, bornabear said: Too much common sense mate. 👍 You didn't expect a journo to criticize another journo mate, they stick together like shit on a blanket. You've clearly never read the countless times I've criticised journalists. I regularly criticise journos - particularly Scottish ones. Link to post Share on other sites More sharing options...
Shuggy 1,308 Posted November 21, 2020 Share Posted November 21, 2020 Thank goodness for good Europa league runs. Are the players still on 50% wage deferrals? Would it be a good guess to say Rangers would be in profit last financial year without covid-19? Link to post Share on other sites More sharing options...
plymouthranger 3,872 Posted November 21, 2020 Share Posted November 21, 2020 5 minutes ago, Shuggy said: Thank goodness for good Europa league runs. Are the players still on 50% wage deferrals? Would it be a good guess to say Rangers would be in profit last financial year without covid-19? Nope we’d still have lost money. Only way we’d have broke even would be if we’d sold Morelos for £15+million in Jan Link to post Share on other sites More sharing options...
SeparateEntityMyArse 53,723 Posted November 21, 2020 Share Posted November 21, 2020 4 hours ago, J-Maestro said: If we win the league I'll be expecting 2 or 3 of our players sold for a decent amount of money. Namely Morelos and Barisic(especially if he has a good Euros). I think Tav tbh Link to post Share on other sites More sharing options...
TamCoopz 19,605 Posted November 21, 2020 Share Posted November 21, 2020 6 hours ago, J-Maestro said: If we win the league I'll be expecting 2 or 3 of our players sold for a decent amount of money. Namely Morelos and Barisic(especially if he has a good Euros). I think Morelos will score 5 goals at the euros Link to post Share on other sites More sharing options...
B1872 20,718 Posted November 22, 2020 Share Posted November 22, 2020 Not sure if it’s been posted! Edit: just seen @BridgeIsBlue has - apologies bud. Link to post Share on other sites More sharing options...
eskbankloyal 19,446 Posted November 22, 2020 Share Posted November 22, 2020 Finally getting round to writing something on it. Think my initial view was ‘horrific’ was over the top but still some big concerns for me, but come to them later. Starting off with the good. Revenue up to £59m is very good and the closest we’ve been to Celtic for a long time. Shows the importance of European football (was worth over £20m) and the continued backing by the fans. Our matchday income was equal to theirs despite having 10k less seats due to an additional game in Europe and the higher pricing we charge. Flip side of that, none of the European ticket sales are happening this year and the board estimate that will lead to a £10m revenue reduction in this financial year. This year, investors put in £23m of loans. Two things, one it’s an unbelievable commitment and history should view them all VERY favourably. Secondly, this time last year the plan was very much to fund the club to the end of last season. Then player sales were to fund any acquisitions &/or shortfalls. They’ve deviated from that plan, spending £15.4m in the summer without selling anyone, in fact turning down £16m for Morelos. That now means that we need minimum £9m to see out this season & £14m next year. Whilst Park & Bennett have noted they’ll fund it, I don’t see any chance they will to that level. Perhaps the £9m, will be ok from the group of investors but not the further £14m. That will have to come from player sales and/or Champions League football. Which whilst we have great assets now (Morelos, Borna, Kamara etc) it’s still a fairly risky strategy particularly given we haven’t sold anybody for notable sums for a long time, Covid uncertainty and general transfer market risk. Plus, clubs know we ‘need’ to sell and will likely tailor their bids accoridngly. Likewise, we just need to look across the city to see how fraught the CL qualifiers can be, and we have a worse seeding than they do. It’s a difficult one to balance of course, we need success but we also need to become a self sustaining club. Investors have put in close to £70m which is ridiculous and that well will be close to dry now. Like Celtic, we operate at a £10-15m loss without CL football or player sales and that’s what investors are funding currently. That needs to change. Looking forward, this years accounts will be brutal, assuming nobody is sold in January, but hopefully offset by the Castore deal flowing through & to a lesser extent MyGers. Some other points, our liability to HMRC rose from £2m last year to £9m this year so we’ve taken advantage of being able to defer VAT & PAYE payments due to Covid, as have most businesses including Celtic. We’ve committed £7m to capital expenditure which the bulk of is the building of the new facility replacing Edmiston House. We’re still suing Elite for £2.5m we believe they owe us which hasn’t been paid - what a shitshow that was. Likewise; we’ve provided £3m for potential damages to Sports Direct, but it’s heavily caveated that the amount is uncertain and there are ongoing negotiations. A former employee is also suing us. We’ve made a lot of people redundant recently so could be anyone. So all in all, expect at least a couple of players to leave in January and/or the summer We need to win the league this year CL qualification would be game changing stuff We should be forever thankful to our investors A lot of positives but we need to be mindful of challenges we still face Link to post Share on other sites More sharing options...
BlueSuedeSambas 53,786 Posted November 22, 2020 Share Posted November 22, 2020 Does anybody else think it’s bizarre that we need 21 million to see out the next two seasons and our manager’s personal wealth is probably two or three times that amount. I’m not suggesting that we should be asking him to put his hand in his pocket or anything crazy like that, but it just sort of drives home and reinforces how successful a career he had doesn’t it? Link to post Share on other sites More sharing options...
plumbGER 24,518 Posted November 22, 2020 Share Posted November 22, 2020 13 minutes ago, DBBTB said: Does anybody else think it’s bizarre that we need 21 million to see out the next two seasons and our manager is probably worth about two or three times that amount. No Link to post Share on other sites More sharing options...
BlueSuedeSambas 53,786 Posted November 22, 2020 Share Posted November 22, 2020 1 hour ago, plumbGER said: No It would appear he is. A lot more actually. Link to post Share on other sites More sharing options...
plumbGER 24,518 Posted November 22, 2020 Share Posted November 22, 2020 27 minutes ago, DBBTB said: It would appear he is. A lot more actually. I know he is minted mate but I don't sit and think about his worth compared to ours as a club. Link to post Share on other sites More sharing options...
SeparateEntityMyArse 53,723 Posted November 22, 2020 Share Posted November 22, 2020 50 minutes ago, DBBTB said: It would appear he is. A lot more actually. Fucker probably isn't even in Mygers 😡 Link to post Share on other sites More sharing options...
BlueSuedeSambas 53,786 Posted November 22, 2020 Share Posted November 22, 2020 20 minutes ago, plumbGER said: I know he is minted mate but I don't sit and think about his worth compared to ours as a club. I was never talking about his financial worth against the clubs financial worth though. I was talking about our debt and just pointing out that he’s so well off he could probably financially afford to wipe our debt out in one day Link to post Share on other sites More sharing options...
plumbGER 24,518 Posted November 22, 2020 Share Posted November 22, 2020 2 minutes ago, DBBTB said: I was never talking about his financial worth against the clubs financial worth though. I was talking about our debt and just pointing out that he’s so well off he could probably financially afford to wipe our debt out in one day I know what you meant, what I meant was I never sit and think about but now I do I think he should buy his own players or gtf. Link to post Share on other sites More sharing options...
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