gmcf 35,397 Posted November 11, 2021 Share Posted November 11, 2021 1 hour ago, JM1872 said: Trying to look for the positives in the results mate. The reported loss of £23m includes £10m of player registration amortisation which is an accounting entry and not a cash item. Therefore I’m more interested in the operating profit/loss before amortisation which was around £12m, higher than last year but it wasn’t a normal trading year by any stretch of the imagination. The results estimate that the impact on revenue was around £20m, and a negative impact on the net loss of around £10m. Furthermore, the net cash movement was £7m outflow, which would have looked significantly better had our main revenue stream not been impacted. Finally, it must be remembered the board have taken the following decisions: - To continue to invest heavily in all areas of the club despite the pandemic. - To not entertain any offers for our squad. - To continue to recruit last summer and this summer - albeit free transfers in summer 2021 but there would still have been costs involved there. Due to that, the board/investors must and will continue to prop the club up with loans etc, as at the moment we are not really financially viable for most banks etc etc. Over time I believe this will change and we will be less reliant on investor support on an annual basis. We have suffered a setback due to the pandemic but I don’t think we are a million miles away from break-even position in normal trading circumstances. There will be years where we need to sell to make profit etc, but the club’s internal forecasts appear to show that come the 2023/2024 season there will be very little if anything at all required in the way of investor support which I can kind of see through the results - though there are always a remarkable number of sensitive variables involved in financial forecasting. We know from previous years that investment across the full business was accelerated - stadium improvements/maintenance which had been badly neglected in the past, training centre upgrades, playing squad developments etc. We now have a squad of significant value which has yet to be realised financially, but that will come. One big sale is all we have needed over the past 2 summers and we have chosen not to. Either nobody has approached, or we have knocked everything back depending on who you listen to, but either way I believe we will begin to see player trading having the desired effect. For that, I believe it’s important we get the next appointment correct as we need to have the right people in place to identify valuable targets with a sell-on value after a couple of years. Player development is key to operating a sustainable player trading model - and that must always be our key focus. Excellent post and probably the most clearly explained , and positive, assessment ive seen on it . Its been a difficult couple of days but your take on it is a bit more positive . JM1872 1 Link to post Share on other sites More sharing options...
watty. 5,799 Posted November 11, 2021 Share Posted November 11, 2021 2 minutes ago, The Godfather said: Not up there with the likes of McLeish or Dick. Will soon be forgotton Least I don't need to put up with that horrendous accent every time he opens his snake mouth. The Godfather 1 Link to post Share on other sites More sharing options...
Bigdave30 9,145 Posted November 11, 2021 Share Posted November 11, 2021 Announce GVB and the orange dream team. I swear to fuck if it’s McInnes somebody should go to jail off the back of that. Unionblue, EMRFC and chrism_scotland 3 Link to post Share on other sites More sharing options...
King Jela 21,644 Posted November 11, 2021 Share Posted November 11, 2021 9 minutes ago, esquire8 said: Players have just been told this morning an hour before the statement release. Gerrard hasn't said bye. What a rat Link to post Share on other sites More sharing options...
graeme_4 37,513 Posted November 11, 2021 Share Posted November 11, 2021 1 minute ago, Valance1690 said: Clubs statement is all about Gerrard and nothing about where we go from here It's clearly been in the offing for days if not weeks, at least acknowledge the club need a new manager in pronto rather than gush over the manager who has just walked out ffs As it should be. World will be told when there’s something to tell. Link to post Share on other sites More sharing options...
JM1872 3,819 Posted November 11, 2021 Share Posted November 11, 2021 6 minutes ago, CR3 said: Do I look happy? Do I look settled? Don’t ask silly questions then. Aye very good. You better hope The Dude doesn’t see this post, he will slaughter it Link to post Share on other sites More sharing options...
RM Monitor And Standards Officer 112,842 Posted November 11, 2021 Share Posted November 11, 2021 Just now, Bigdave30 said: Announce GVB and the orange dream team. I swear to fuck if it’s McInnes somebody should go to jail off the back of that. It's no gonae be mcinnes ffs. Billy1984 and watty. 2 Link to post Share on other sites More sharing options...
Valance1690 4,097 Posted November 11, 2021 Share Posted November 11, 2021 Just now, esquire8 said: It was all done on Sunday evening. And the board knew about it I'm guessing? If so there's no excuse why we haven't sounded out a replacement with the view of getting them in ASAP, preferably with a few days training before Hibs Link to post Share on other sites More sharing options...
Malkytfp1 19,650 Posted November 11, 2021 Share Posted November 11, 2021 Gives me extra football to watch and enjoy seeing him getting pumped every week hopefully. Genuinely getting angrier by the minute, especially if he's had no contact with the players. Weird that I'm so angry cause I'm excited to get someone else in who might have us playing better than the pish he's delivered this season. Not long now until everyone else down south realises he's just a figurehead with nothing and Beale runs the show. Albion 1 Link to post Share on other sites More sharing options...
Popular Post Bad Robot 21,513 Posted November 11, 2021 Popular Post Share Posted November 11, 2021 in the bin you cunt Laudrup1984, tayside, blaudrup and 7 others 10 Link to post Share on other sites More sharing options...
Negri's lovechild 15,386 Posted November 11, 2021 Share Posted November 11, 2021 Just now, esquire8 said: It was all done on Sunday evening. If that's the case then hopefully we are some way down the process of recruiting the new manager and that may be why there was no mention of a caretaker in the statement. Link to post Share on other sites More sharing options...
ScottBF2 3,540 Posted November 11, 2021 Share Posted November 11, 2021 I’m not sad he’s gone, I reckon he’s run out of ideas, coupled with a cutback in investment. Time was probably right for all parties concerned, but the handling of this from his point of view has been a shambles. I don’t bear him any ill will, but I don’t regard him as a great manager in our history. The achievements of last season are the players, he was just there to oversee. TheKingObv 1 Link to post Share on other sites More sharing options...
watty. 5,799 Posted November 11, 2021 Share Posted November 11, 2021 9 minutes ago, Vanoli said: He’s going nowhere! Jamie29 likes this Link to post Share on other sites More sharing options...
Popular Post BlueSuedeSambas 56,393 Posted November 11, 2021 Popular Post Share Posted November 11, 2021 2 minutes ago, RFC55 said: Says his wife asked him to leave last year..... She must have watched the Hearts and Hamilton games too then.. They Gnu, BridgeIsBlue, SkylineBlue and 15 others 18 Link to post Share on other sites More sharing options...
Bigdave30 9,145 Posted November 11, 2021 Share Posted November 11, 2021 Just now, RFC55 said: It's no gonae be mcinnes ffs. Good. Link to post Share on other sites More sharing options...
The Dude 20,027 Posted November 11, 2021 Author Share Posted November 11, 2021 7 minutes ago, CR3 said: Do I look happy? Do I look settled? Don’t ask silly questions then. Aye very good. What else is he going to say? I fucking hate it here and Douglas Park is a tight cunt who won't give me more money for players? HG5 1 Link to post Share on other sites More sharing options...
watty. 5,799 Posted November 11, 2021 Share Posted November 11, 2021 Just now, Bad Robot said: in the bin you cunt Link to post Share on other sites More sharing options...
AGM_72 4,064 Posted November 11, 2021 Share Posted November 11, 2021 The timing remains the bitterest part about all of this. Two huge games for the club coming up. In the immediate aftermath the scale of the job he's done will probably be diminished a little. Ultimately, though, we move on. The best way, the Rangers way, is to keep winning. Jimfanciesthedude and HG5 2 Link to post Share on other sites More sharing options...
Popular Post Big Al 55 9,518 Posted November 11, 2021 Popular Post Share Posted November 11, 2021 We were a long way from winning a league or qualifying for EL when he arrived. He’s qualified each year, including setting records for the number of qualifying rounds navigated, brining much needed income into the club. We’ve won one of the most important titles in our history, and at a canter, with an astonishing unbeaten run. We’re unbeaten in OF games in over 2 years. Dont wish any ill on him whatsoever this day was always going to come. Some of his rhetoric is undoubtedly disappointing though, hopefully in hindsight he’ll see he was a bit of a dick with that. Let’s not rewrite history though, but it’s over time, to move on and look forward to the next chapter. SkylineBlue, HG5, 32Blue and 4 others 7 Link to post Share on other sites More sharing options...
ForeverAndEver 73,892 Posted November 11, 2021 Share Posted November 11, 2021 1 minute ago, RFC55 said: It's no gonae be mcinnes ffs. Many time you having to repeat that mate graeme_4 1 Link to post Share on other sites More sharing options...
Broxi 12,202 Posted November 11, 2021 Share Posted November 11, 2021 4 minutes ago, King Jela said: That was a pre-coffee post tbf. Link to post Share on other sites More sharing options...
Popular Post wully 49,678 Posted November 11, 2021 Popular Post Share Posted November 11, 2021 4 minutes ago, RFC55 said: Says his wife asked him to leave last year..... Mine's asks me every other week. Rangers_no1, ForeverAndEver, Amato and 17 others 20 Link to post Share on other sites More sharing options...
Billy1984 6,314 Posted November 11, 2021 Share Posted November 11, 2021 2 minutes ago, RFC55 said: It's no gonae be mcinnes ffs. You better be right d 🤣 Link to post Share on other sites More sharing options...
kelvd1873 7,659 Posted November 11, 2021 Share Posted November 11, 2021 12 minutes ago, B1872 said: He left without saying bye to the players or captain. Pure sneaked out the back door - rat! Not the sort of manager most players would want to move club for imo. HG5 1 Link to post Share on other sites More sharing options...
Leeds_Bear 8,292 Posted November 11, 2021 Share Posted November 11, 2021 I wonder if the way he's left the players standing there holding their dicks will hopefully make them think twice about jumping ship to join him at Villa. HG5, B1872, 32Blue and 1 other 4 Link to post Share on other sites More sharing options...
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