Bluedell

But at least his dogs didn't damage someone's house.....

Spot on.

Even after he's bought the club, he's under no legal obligation to answer to anyone, but there is a moral obligation, before and after, in my opinion. He IS trying to get our support at the moment, just not by telling us what his plans are.

Park tried to buy the club last season and was unsuccessful. He seems to be the one driving the consortium (if one exists - is it just him?) and the latest enquiry. The fans deserve to be told what his plans are for the club if successful so that we can decide whether to back him or not. Just not being David Murray isn't enough.

But we are also losing our automatic CL place as well, which means that Scotland may end up with neither club in it.

So they have only managed to put a string of 3 wins in a row ONCE this season and he thinks that they can do 13 on the bounce?

The year end accounts show creditors of �£8.6m. The large proportion of that is presumably players. It will have no effect on the profit, but it would be reflected in the debt position.

I presume that he is meaning debt=loans, and not debt in the accounting sense. Interesting that he is asked about Muir and he starts talking about the bank. :devil:

Following on from the accounts thread, looks like the CL WAS worth �£17m. I had downgraded my estimate slightly due to lower crowds and lower points, so it was pleasing to see that we did get the amount that we had discussed last year. We MUST win the league this year.

It's doubtful if the whole of MIH would go under. It's far more likley that Premier Property Group, for example, goes into administration, with the remaining MIH companies, including Rangers, continuing to trade.

Perhaps they went to the wrong school?

Use this instead. http://www.plusmarketsgroup.com/PLUS_news_story.shtml?NewsID=1655971&ISIN=GB0007237380/GBX/PLUS-exn

The season ticket cash is accounted for evenly thoughout the season, based on home games. I haven't sat down to work out how many home games we have had compared to last year, but if we take in �£20m in season ticket sales for 20 hiome games and we have played 10 of them last year then we would account for �£10m of the income. Edit: And a thanks to Boss for pointing out my initial estimate of the debt was on the low side.

Absolutely no analysis of income or costs are given in the interim accounts.

Summary The club made a profit of �£13.1 million in the first 6 months to 31st December 2009. Sounds good, but is it really? Yes, on this occasion, itâ��s bloody good. If we compare this yearâ��s operating profit (thatâ��s the profit before accounting for the sale of players and interest) then it has increased by an incredible �£22 million. Turnover An increase in turnover of �£17.7 million, due to our qualification in the Champions League accounted for most of this increase. This increase is at the upper end of expectations, and shows how important qualification was to the club. The commonly held view that the Champions League being worth �£10m is shown to be a vast under-estimate, and shows why a league win is so vital again this season. Take out the Champions League income and we would be looking at a loss of over �£4 million for the half year, and perhaps a loss of �£8 million for the full year, which shows that we have still a long way to go before we are in the position of breaking even without European football. Costs Operating Costs are down by �£3.6 million. A large part of this is due to lower wages being paid and fewer players but there will also be savings in other areas. Costs have been reduced by over �£138,000 per week. Amortisation Amortisation is the write-off of the cost of buying players, which is done over the period of their contracts and it has fallen from �£4.4 million to �£3.7 million. The second half of the year should see if fall to around �£3.2 million following the sale of Mendes. Given that we have not been buying any players, it would be expected that future yearâ��s charges would be even lower. Profit on the sale of players Last year we made profits of �£6.2 million, principally on the sale of Carlos Cuellar. We have not made the same level of profit on our sales since 1st July 2009 and we are showing a profit of �£678,000 presumably mainly on the sale of Barry Ferguson and Charlie Adam. However we might have expected it to be slightly higher but it is surprising that it is this low, as the sales of Ferguson and Adam were at reportedly higher sums, with presumably very little value in the balance sheet. Interest Interest payable to the bank is �£677,000, which is more than half of what it was in the previous year, primarily due to lower interest rates. Second half of the year It should be noted that all the Champions League income has been accounted for in these 6 monthsâ�� results, irrespective of when the cash is received from UEFA, and therefore the results in the second half of the year will be worse. It appears that Pedro Mendes was sold for around the value that the club had him in the books so there should be little profit or loss on the deal. The second half of the season could see the club making a loss of around �£4.5 million (depending on the level of bonuses paid out for hopefully winning a few trophies!), so we could end up with profit of �£8.5 million for the full year. The debt Unfortunately the interim accounts do not show a balance sheet or the debt as it is not required to under the reporting rules that the club operates under, so we are not told where the debt currently stands. Although we have accounted for all the Champions League income in our profit, it is understood that some of the cash is not received until the end of the season and we get a large proportion of the season ticket money before the end of the last financial year, and there are other issues which means that debt does not move in line with our profit, so it would be wrong to assume that our debt has fallen by �£13 million. I would not be surprised if our current level of debt had not fallen. Conclusion A slightly better set of results than I certainly expected and it is good to see that we are heading in the right direction, but they also highlight our continued reliance of Champions League football, which will become harder to qualify for in future years given the lowering of our co-efficient so a sense of caution about our future is still required by everyone.

I feel an article coming on. Don't want to pre-empt it.

The club does not reveal the debt figure in the interim accounts. The figures are slightly better than I thought they would be. The CL effect obviously was at the upper end of expectations even with relatively poor ticket sales and poor performance on the pitch. Costs are also down to a greater than expected extent.

....................................6 Months to ............ 6 Months to ................................... 31 December 2009 ..... 31 December 2008 ...................................... Unaudited ...... .... Unaudited ....................................... �£000 ...... ......... �£000 Turnover................................. 37,834...... 20,136 Net operating expenses............. (21,008)...... (24,636) -------------------------------------------------------------------------------- Trading profit/(loss) .................. 16,826 ...... (4,500) Amortisation of player registrations . (3,730) ...... (4,380) -------------------------------------------------------------------------------- Operating profit/(loss) .................... 13,096 ...... (8,880) Gain on disposal of player registrations 678 ...... 6,180 -------------------------------------------------------------------------------- Profit/(loss) before interest & tax ... 13,774 ...... (2,700) Interest ....................................... (677) ... (1,419) -------------------------------------------------------------------------------- Profit/(loss) before tax ................ 13,097 ...... (4,119) Taxation ............................................ - ............ 203 -------------------------------------------------------------------------------- Retained profit/(loss) for the period 13,097 ...... (3,916) --------------------------------------------------------------------------------

Thanks for posting. Nice to see the players being described in these terms. Puts it in perspective for people like me who don't know much about the reserves.

Perhaps not in the same vein, but I remember after a midweek game at Motherwell, some of the guys in my club decided to go back to the supporters club next the stadium for a drink. That pissed off the rest of us as we wanted to get home so we went back to the bus and phoned them to say that we would be round to pick them up, but telling the bus driver to head back to Glasgow. There were numerous calls telling them that the traffic leaving the stadium was still bad and we were stuck in it but we were close to getting them, as we were half way along the M8 heading back to Ibrox with them still in Motherwell. :spl:

There seems to be a lot of internal RST stuff being revealed at the moment, so I guess that any veiled criticisms of that would need to be aimed at current board members as well as past.

It's CanadaReady's site.

I haven't been on FF or RM for the last few days and, by the looks of it, that's been a good decision. Provocative articles by anyone at this point is not going to help, and how anyone can say that they definitively know what's happening is beyond me as all sides have been coming out with conflicting information.

He really needs to work on his jumping though. Still poor.

I think that he did miss it, but the Govan side linesman (and the 4th official) would probably have seen it.