chilledbear

Rangers incurred costs of £54,300 to @KBA_HQ during the financial year. Derek Llambias is/was a shareholder

Rangers accounts show Derek Llambias paid salary of £45,726 to year end June 2015. Barry Leach £35,416. Derek Llambias and Barry Leach received "consultancy fees" before becoming Rangers staff of £22,661 and £26,251 respectively. It is stated that none of the current Rangers directors have received any emoluments. No retail figures.

Rangers International Football Club plc today published its Annual Report for the year ending June 30, 2015. Key advancements since March 6: The Club has a new Board of Directors in place ensuring a structure that incorporates sound corporate governance The Club was returned to operational and financial stability. A new management team of Mark Warburton and David Weir was appointed and they are building an improved playing squad. Investment in staffing levels, especially at the Auchenhowie training and academy complex, is bringing all departments back up to fully operational standards. Investment in stadium infrastructure. Season ticket sales have increased significantly. Re-engagement with Rangers supporters and football authorities. Key figures: Turnover £16.5m (2014 – £17.6m) Loss for the year £7.5m (2014 – £8.1m) Operating expenses £26.8m (2014 – £27.7m) Dave King, the Club’s Chairman, said: “It must be remembered these figures are for the financial year which ended in June this year leaving no time for the changes implemented by the new Board, which took over in March, to impact on them. “The year under review was a difficult one both on and off the field but Rangers supporters and investors can be assured that significant inroads have already been made on a number of fronts. “A new football management team of Mark Warburton and David Weir is now in place and the team is performing extremely well on the pitch, staffing levels are improving at Ibrox and Auchenhowie, and there is once again a genuine belief that the Club faces a much brighter future. “The year under way is already much more promising on all fronts and I look forward to this time next year when I can comment on a financial year that is wholly under the influence and guidance of the new Board. “For the first time in many years we should now be able to move forward in a constructive manner.” The Annual General Meeting of Rangers International Football Club PLC will be held in the Clyde Auditorium on Friday, November 27 at 10am. Click to VIEW AGM Notice.

Rangers' AGM will be at the Clyde Auditorium on November 27.

Rangers International Football Club plc today published its Annual Report https://t.co/gQQUo4NvXW http://rangers.co.uk/news/headlines/rangers-international-football-club-annual-results/

http://www.bbc.co.uk/news/business-34717035 Her Majesty's Revenue and Customs (HMRC) is "still failing UK taxpayers", the Public Accounts Committee has said. It believes the quality of its customer service "could be considered a genuine threat to tax collection". In the first half of 2015, HMRC contact centres answered only half of calls, and only 39% within five minutes. HMRC responded that it had now recruited 3,000 more staff but that the customer service issues had not affected its ability to collect tax. Meg Hillier, chair of the PAC, said HMRC must "rapidly improve its customer service, previously described by the PAC as abysmal and now even worse". In 2014, 72% of calls had been answered. The PAC also said that the failure to gather intelligence on losses from tax avoidance was an obstacle to improved tax laws. Hidden in Switzerland It also described HMRC's record of 11 prosecutions for offshore tax evasion in the past five years as "woefully inadequate". Despite being handed a list of 3,600 British people who hid money in Switzerland, the tax collectors have prosecuted just one person involved. Instead, the tax collectors have offered reduced penalties to people who come forward with information about money they've hidden overseas, something the committee says is no substitute for the "deterrent effect" of prosecution. In response, HMRC pointed to its record results and said the gap between tax due and tax collected had been reduced to one of the lowest in the world. "We are disappointed that the Public Accounts Committee has overlooked HMRC's record results, which include collecting a record £517bn in tax revenues," an HMRC spokesperson said. The PCS union blamed the problem on 11,000 full-time equivalent posts being cut since 2010. "It has been abundantly clear for years that the department has cut too many staff and that services are suffering," its general secretary Mark Serwotka said. "The department needs major investment backed by a real political commitment to tackle tax evasion and avoidance as an alternative to more damaging spending cuts." What has been your experience of HMRC's customer service? You can tell us your story by emailing haveyoursay@bbc.co.uk. Please include a contact number if you are willing to speak to a BBC journalist today. You can also contact us in the following ways: WhatsApp: +44 7525 900971 Tweet: @BBC_HaveYourSay Send an SMS or MMS to 61124

I was at school it was judgement.

The judgment in the appeal to the Court of Session by the Advocate General for Scotland v Murray Group Holdings and others (“the Rangers tax case”) will be published tomorrow, Wednesday 4 November 2015. A press summary of the judgment will be issued here at 10.30am, before the full opinion of the court is published on the Scottish Courts and Tribunals Service website at 12 noon. http://bit.ly/1l6bLUp

This is worth a read. https://exposingtherhats.wordpress.com/2015/11/03/time-to-get-rid-of-the-last-rat/ Less than 11 months ago I suffered through the bleakest AGM in our club’s history with a gang of morons and chancers impersonating a board sitting in a tent throwing insults at our club’s fans and shareholders. The embarrassment of insolvency in 2012 should have been rock bottom for our club. David Somers and James Easdale, two men who would struggle to manage a colouring in book never mind a football club ensured there were new lows to reach. I had almost given up hope on that day, given the board’s win at the previous EGM it seemed they had this stitched up. Thankfully in the same way as Mike Ashley and his placemen I underestimated the resolve and savvy of Messrs King, Letham, Park and Taylor. Working independently of each other they managed to outsmart Sports Direct a company who we’re repeatedly told never lose. Make no mistake, they did not want to lose control of Rangers and allow honest eyes to look over the deals they had made with a group of men who are currently facing fraud and conspiracy charges. What a difference in our club since that day. We now have a management team and players we can be proud of, key backroom positions which had been neglected for years are now filled with talent and Ibrox Stadium is already seeing the benefits of some long overdue maintenance work. More importantly than all this we are now financially secure, the board laid out medium term funding plans on Friday night which blew Philco’s weekly admin 2 rumours out the window and no doubt triggered a spate of Paypal refund requests for undelivered insolvency events. For the first time in several years we aren’t leading a hand to mouth existence, plans are in place for 2 players to come in at Christmas and another 4 or 5 in the summer. Being a Rangers fan is finally fun again. There is one rather rotund dark cloud on the horizon in the form of Mike Ashley’s Sports Direct, unhappy at having been outsmarted by our board and under pressure from the ongoing investigations into alleged fraudulent activity at Rangers he is currently having a childish huff which happens to be backed by a very expensive legal team. Many have misunderstood the current conflict and believe it’s all to do with a £5 million loan, it isn’t. Sports Direct have benefited from and hope to eventually pocket an 8 figure sum from favourable contracts agreed with people who are now standing trial for fraud. Later contracts were agreed when it was clear they were losing control of the club which may well be in breach of Section 41 of the Companies Act. Our board intend to ensure that Sports Direct are held to account legally and financially for these failings, Sports Direct want us to leave this well alone and are using the vast resources at their disposal to try and intimidate us into dropping the issue. As the Daily Record article shows today our board need to tread very carefully due to the court imposed gagging order which Sports Direct are currently trying to have made permanent. This is where we as fans need to step up and have the savvy to read between the lines. Our club’s accounts are due out imminently, if you still harbour the idea that Sports Direct are good for our club please read them carefully and you will learn the truth. Many are asking what can we do to help, here are a few simple steps below: Don’t buy from Sports Direct. Hit these people in the pocket, it may not guarantee they change their course but that aside why would anyone want to fund a billionaire who would spend 1000’s of pounds in legal fees to try and take a few hundred quid from The Rangers Benevolent Fund? Write to your MP. There are wide ranging issues around Sports Direct’s corporate governance just now and political pressure played a huge part in the recent charges brought against their CEO over the USC scam. Get off your arse and get involved. We are fortunate to have people like Craig Houston who despite threats and personal abuse give up their free time to fight for our club, I’m certain Sons of Struth will be co-ordinating various events over the coming weeks. Back them, they know what’s going on and they will always fight for our club. Come up with your own ideas as to how to create negative PR, financial loss or shareholder unrest at Sports Direct. I and others will publicise any legal and sensible ideas to do this to as wide an audience as possible. Buy Lionbrand, get better quality, keep the kids happy and have your money go to the club. http://www.thelionbrand.co.uk/ We should also be wary of spin coming from Philco et al trying to undermine our efforts, given their dreams of admin 2 are fast fading the Sports Direct issue will no doubt become their next “Donate-bait”. You will hear lines like “Ashley gets just as much money if you buy merchandise or not”, this is untrue and I know it to be untrue not because our Directors breached the confidentiality agreement in the contract but because Derek Llambias did at a Fans Board Meeting before he was deposed. The club have reduced the amount of stock ordered significantly ensuring any such payment would be negligible. You will also hear them say Sports Direct’s contracts are legal and enforceable despite never having seen them as such a big company could never get something like this wrong. Don’t buy it, this is a company with a culture where corporate governance is seen as a nuisance as is highlighted by the fact they went 18 months without an FD and their CEO is currently facing criminal charges. Why anyone regardless of who they support would back Sports Direct a company who impose “Victorian working practices” on their staff, who exploit people with zero hour contracts, who used corporate chicanery to cheat USC workers out of money owed could cheer on their harassment of a scottish football club is beyond me. It’s equally bizarre that many of those doing so claim to believe in social justice, rail against austerity and Tory cuts on their social media accounts yet these lofty morals go out the window if there is a chance to “get one over” on Rangers. If this describes you then you should be ashamed. Our board undoubtedly morally and legally are right to stand up to Sports Direct, I for one will not leave them to fight this on their own. To those who say Sports Direct are too big and we should roll over and accept their mistreatment of our club I point you to the words of the great Bill Struth. “I am never happier than when the outside world has us beaten before a ball is kicked – for then I know the true greatness of our club will be revealed.”

RANGERS will line up a series of glamour friendlies for their brightest young stars to pit them against the best teams and top up and coming talents from across Europe. Boss Mark Warburton was at the forefront of the NextGen series that revolutionised youth football in Britain and abroad as clubs were able to pitch their Academy sides up against their continental counterparts in a competitive arena. Warburton and Head of Academy Craig Mulholland are determined to nurture home grown talents through the Murray Park ranks. And Under-20 boss Ian Durrant hopes his budding Light Blues can reap the rewards of going head-to-head with some of the hottest properties in European football. He told SportTimes: “We have got games lined up, through Craig and the manager, and we are going to play some teams abroad and go down south to play the likes of Man Utd, Man City and Tottenham. “We will take them on and see how far we have progressed. When we go to youth tournaments, we hold our own. “You can be the best at 13, 14, but if you want to make it in football you need to be the best at 18, 19, 20. It is a project and a work in progress for us. “We have got a couple planned, Inter Milan and Anderlecht have been mentioned, and they are games we will look for in the New Year. “No disrespect to the teams in Scotland, but we want to go and test ourselves elsewhere as well. If we get a chance of playing abroad, we will go and take it. “If you get that kind of test at this level then it stands you in good stead. You have to be the best you can. “The way the manager wants the club to go, we have got to be on the ball all the time. We have to be on the front foot and be progressing all the time.” Rangers have produced a number of players that have gone on to establish themselves at Ibrox and further afield in recent years as their endeavours at Auchenhowie have paid off. The likes of Barrie McKay and Ryan Hardie are regular members of Warburton’s first team squad this term and Durrant hopes the current crop can shine on the big stage. http://www.eveningtimes.co.uk/sport/rangers/13925508.Rangers_youth_boss_Ian_Durrant_eyes_English_and_European_tests_for_Murray_Park_kids/?ref=twtrec

How does this affect other existing shareholders, ie. RST and RF ?

After careful consideration the Board has determined that it is not appropriate to proceed with a share issue and listing on the ISDX market until the criminal proceedings being brought against Charles Green, Imran Ahmed, Craig Whyte and others are concluded. The Board is satisfied that from a financial perspective there is no short term requirement for the funding that would have flowed from a share issue and that any funds that may be required for the Group will be made available as and when required from the existing shareholder / lenders. Dave King, Douglas Park, George Letham and George Taylor have reaffirmed their commitment to making further loan facilities available to Rangers International Football Club PLC (RIFC) on the same no fees and no interest basis as the existing loan facilities and have also confirmed the continuation of the existing facilities which they are providing to RIFC on the same basis. The facilities to be made available more than cover the projected shortfall for this Season and beyond. The Board further understand that additional facilities can be made available as and when required for investment in the team. Any such investment will be reviewed on a case by case basis in accordance with prior statements. The Group’s accounts will be circulated to shareholders for approval in the next few days. The lenders have indicated that, at an appropriate juncture, they would be prepared to convert their loans into share capital. To facilitate this, a resolution will be presented to the AGM to permit shares to be issued by RIFC on a non pre-emptive basis. The Board would like to see this resolution passed but this is not a condition of funding being made available. The resolution will be a special resolution and would require the support of 75% of those shareholders voting at the AGM. The Board recognises that funding of the sort being provided by its shareholder / lenders would more naturally be made available as an equity investment and believes it would be in the best interests of RIFC’s shareholders if the loans could be converted. http://rangers.co.uk/news/headlines/update-on-funding/

Things are definitely improving, but nothing wrong with asking the question.

That's no better the second time than it was the first.

I noticed Kenny Miller in some of the pics. Helping Durrant?

@GersFamily: U20 GOAL | Ross McRorie | Rangers 3 - 0 Hibernian https://t.co/6cN54Nwlv0 #GersFamily #Video @GersFamily: U20 GOAL | Ryan Hardie 1st | Rangers 3 - 0 Hibernian https://t.co/7UgNjHKSzN #GersFamily #Video @GersFamily: U20 GOAL | Ryan Hardie 2nd | Rangers 3 - 0 Hibernian https://t.co/ty27pC5wE0 #GersFamily #Video

@johndcgow: Mark Burchill on SSB says Nathan Oduwa is an "English footballer" & Kieron Gibbons is "one of our own" so we shouldn't be on to Gibbons.

Burchill making an arse of himself on Clyde.

AFTER his side moved to fourth in the Development League table Ian Durrant said it would mean just as much to him to see one of his youngsters run out at Ibrox, as it would to win the title. Development is the main aim of the under-20s coach and he would love to see his boys claim first-team spots. He was speaking after his young side beat Hibernian 3-0 through goals from Ross McCrorie and Ryan Hardie – who has been a regular on the first-team bench this season. Durrant said: “I am pleased with the position at this stage but we know we can do better; we have had a few ups and downs this year. “I’m not complaining though because we have a chance to develop some of the kids here and that is our main aim – to get the path between development and first-team. “Of course I would like to win the title, I would be more delighted for the kids but if I can get ones in the first-team and see them playing in front of 50,000 I think I would be more than delighted. “You would love to see Ryan get a shot in the first-team but I am sure that will come. “When he comes down to the 20s he has to perform and show the manager what he can do and he certainly planted a seed today. “It is the manager’s decision, he sees him day in day out and we are just delighted when we get him. “He trains with the first-team every day now and you can see he is reaping the benefits of it – I think his fitness levels are better and in terms of his physicality he is stronger. “We have not seen a lot of him this season but when he has been in our team we have won more games than we have lost. “We know we won’t have the boys training with us all the time, everything is geared for the first-team this year and the 20s are merely a back-up. “Whatever the manager requires the manager gets and if we get players then we are delighted. “It’s about these boys getting some match fitness and some game time under their belt, not just Ryan but others too. “I thought Tom Walsh excelled again, Jordan Thompson is getting better and stronger and young Fraser Aird again came in, played away and did a great job for the team.” Three second-half goals undid the young Hibees after a stalemate in the first 45 minutes. A bullet header from the captain McCrorie confirmed he isn’t just a defender and Hardie took his two goals superbly to finish the game off. Durrant continued: “It was a bit of a battle until we got the first goal and then once we scored that and got the second and third through Ryan I thought we were comfy winners. “You have to consider that we’ve not had a game for a few weeks so we were a wee bit conscious of that in terms of the level of fitness and the match practice. “But once we got into the game the football players we had on show today were just a delight to watch at times. “It was an excellent goal from Ross, he is a threat at set-pieces and wee Ross Lyon’s delivery was tailor-made for someone to go and attack the ball. “Ross went and met it and I thought it was a superb header that set us on the road.” http://rangers.co.uk/news/academy-news/durrant-development-the-main-aim/

Cheers db. I meant the lad King, some relation to a Hearts (?) player.

@RFC_Youth: FT: 3-0. Rangers score 3 second-half goals to get the victory in the development league. A Ross McCrorie header followed by a Hardie double.

@RFC_Youth: 79' SUB: King replaces Lyon. 3-0 Is this the lad who was on trial ?

Walsh getting a game as well.

Don't see a thread on this, so will post a few tweets. @RFC_Youth: U20 side to play Hibs: Kelly, Aird, Mills, Ashmore, Ross McCrorie, Brownlie, Walsh, Lyon, Hardie, Thompson, Roberts @HibsOfficial: #Hibs Development Squad to play Rangers: Brennan, Dunsmore, Forster, Waugh, Eckersley, Stirling, Martin, Murray, Insall, El Alagui, Shaw @RFC_Youth: HT: 0-0 All square between Rangers and Hibs at the break. @RFC_Youth: 49' GOAL!! McCrorie! 1-0! Header after a ball in from Ross Lyon wide on the left. @RFC_Youth: 66' GOAL! HARDIE! 2-0! Exceptional work from the striker to stay cool and take the ball around keeper and last defender to tap home. @RFC_Youth: 68' GOAL! HARDIE! 3-0! Quick fire brace for the striker. Skipping into the box to side foot the ball into the far corner. @RFC_Youth: FT: 3-0. Rangers score 3 second-half goals to get the victory in the development league. A Ross McCrorie header followed by a Hardie double.

An interesting read, we really will need patience in the coming weeks, fans as well as the team.