Accounts 20/21

[esquire8 42,501]

https://www.rangers.co.uk/article/annual-report-and-accounts-and-notice-of-2021-agm/2nOwvQy99QIKj6zhFkva17

Brace yourselves.

[.Williamson. 82,178]

Over 20 million loss?

deary me

[BlueSuedeSambas 53,779]

My first reaction is I actually thought it would be worse.

People might now realise exactly why our business in the past two windows has been bargain basement freebies and players that nobody else wants.

[Bigdave30 8,701]

So if the squad if half as valuable as people believe, we could easily cover our arses financially with the sale of 2-3 players?

Could be worse.

[frenv 2,125]

Hats off to those in the board who have put in the money to cover the club, enabling us to get us over the line with the title.

Shows just how important this year's league title is though given the automatic CL entry.

[esquire8 42,501]

Notice the board particularly highlighted they paid back Kings £5m loan with nearly £1m interest on top of it......

[Negri's lovechild 13,988]

Obviously it's still a sizeable loss, but skimming the highlights there, there are a few one off payments, restructuring costs and paying Dave King back, and the associated losses accumulated throughout the pandemic.

The biggest concern is the £17m extra invested in the squad. If we spend that amount of money, we need more value for the investment. 

It does highlight the need for champions league revenue though. 

[BlueboyG 5,238]

If we were to win the league this season CL money would eradicate that loss, however what we are witnessing with our team just now doesn't look great. 

[Nameless Ghoul 6,054]

10 minutes ago, Bigdave30 said:

So if the squad if half as valuable as people believe, we could easily cover our arses financially with the sale of 2-3 players?

Could be worse.

The issue with posting big losses is that other clubs know they can get players on the cheap and won't offer their value

[BlueSuedeSambas 53,779]

Buzzing to read what all the madcap doomsday scenarios that the celtic blogging space cadets who read “Accountancy for Dummies” in 2012 will have to say about this in the next few hours and days

 

 

[j1mgg 3,766]

9 minutes ago, esquire8 said:

Notice the board particularly highlighted they paid back Kings £5m loan with nearly £1m interest on top of it......

Would if been cheaper going to wonga.

[Johnsey 1,540]

Haven't read through it all but usually we announce that we need £10m or so to get through the season and another £7-8m the following. Seems this time it's £7.5m this season and £0.4m the following which to me sounds positive. Although I may have read that completely wrong ha!

Bank facility as well.

[Johnsey 1,540]

Just now, DBBTB said:

Buzzing to read all the madcap doomsday scenarios that the celtic blogging space cadets who read “Accountancy for Dummies” in 2012 and have been financial experts ever since will have to say about this in the next few hours and days

 

 

I'm eagerly awaiting Rugger Guy's analysis.

[Jimfanciesthedude 24,540]

And people were wanting 7mill spent on veerman AFTER malmo fucked us out the cl lol

[Amokachi 3,007]

24 minutes ago, DBBTB said:

My first reaction is I actually thought it would be worse.

People might now realise exactly why our business in the past two windows has been bargain basement freebies and players that nobody else wants.

Include the manager in that for me. 

[Prso's headband 35,428]

Shows how important this title is. That’s effectively wiped out with change from CL cash

[Bad Robot 21,149]

I think Goldson can sing for his 42 per week unless we get the league 

[STEPPS BOY 73,890]

Said before that winning the league this season is bigger for the club than last season.

If we don’t win league we’ll basically be back to square one as virtually all assets will be sold and likely under a new manager.

[JackAlex93 11,259]

23 minutes ago, DBBTB said:

Buzzing to read what all the madcap doomsday scenarios that the celtic blogging space cadets who read “Accountancy for Dummies” in 2012 will have to say about this in the next few hours and days

 

 

Admin 2 😂

[markem 7,251]

Amateur hour from me but it strikes me that our failure to cash in on one high ticket player strikes again.  Stating the absolute obvious but one healthy sale and those numbers are oh so different. 
 

We can only accept a bid if we get it but I just can’t understand how at the end of last season we were not in a position to do that. 

[6superbarry6 14,159]

12 minutes ago, Bad Robot said:

I think Goldson can sing for his 42 per week unless we get the league 

We shouldn’t be paying that wether we win the league or not 

[6superbarry6 14,159]

Don’t actually think it’s that bad tbh, we spent 5m one off costs on stadium improvements and nearly 6m going back to King, taking loss of revenue through covid into account its not that bad. 

[Bad Robot 21,149]

2 minutes ago, 6superbarry6 said:

We shouldn’t be paying that wether we win the league or not 

Arguably our best player last year and how much to replace him as he’s holding the cards and can walk on a free even though he’s been poor this season. 

[Amokachi 3,007]

5 minutes ago, markem said:

Amateur hour from me but it strikes me that our failure to cash in on one high ticket player strikes again.  Stating the absolute obvious but one healthy sale and those numbers are oh so different. 
 

We can only accept a bid if we get it but I just can’t understand how at the end of last season we were not in a position to do that. 

January window, Everton & NP springs to mind.  

[scottyscott1963 18,295]

20 minutes ago, Bad Robot said:

I think Goldson can sing for his 42 per week unless we get the league 

 

7 minutes ago, 6superbarry6 said:

We shouldn’t be paying that wether we win the league or not 

That's the first time i've seen any figures actually mentioned.Would chase the cunt at nearly half that.