UCF2008 0 Posted August 7, 2012 Share Posted August 7, 2012 You are missing the tangible fixed assets which will include the stadium etc. That website is only showing you cash + current assets - current liabilities. It isnt showing the tangible assets. So the tangible fixed assets are worth £27,991,000? According to the D&P estimate of our financial position at time of insolvency our tangible fixed assets were £113,205,333. I realize the mechanodome can't be worth much, but why is the difference so huge? 0 Quote Link to post Share on other sites More sharing options...
bluebear54 0 Posted August 7, 2012 Share Posted August 7, 2012 You are missing the tangible fixed assets which will include the stadium etc. That website is only showing you cash + current assets - current liabilities. It isnt showing the tangible assets. Does it show the GCC land deal, or doesn't it go down to pence? 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted August 7, 2012 Share Posted August 7, 2012 So the tangible fixed assets are worth £27,991,000? According to the D&P estimate of our financial position at time of insolvency our tangible fixed assets were £113,205,333. I realize the mechanodome can't be worth much, but why is the difference so huge? Depends, unfortunately. There are different ways of valuing assets and there can be a massive difference dependent upon valuation method. I havent looked at D&{'s number so cant really comment appropriately - but the difference does indeed seem large. Some clubs also value the playing staff as an asset - not sure, BD is the one for this, but I think we did this at least for a while. I dont care nearly enough about Celtic to find out what their asset valuation techniques or bases are. 0 Quote Link to post Share on other sites More sharing options...
Guest Braidhurstbear Posted September 17, 2012 Share Posted September 17, 2012 They have three types of share on AIM with a total worth of £45m. Desmond owns around 45% of the whole. 0 Quote Link to post Share on other sites More sharing options...
foggy dewhurst 0 Posted September 17, 2012 Share Posted September 17, 2012 i dont care i dont like them 0 Quote Link to post Share on other sites More sharing options...
Guest Bluenose80 Posted September 17, 2012 Share Posted September 17, 2012 So the tangible fixed assets are worth £27,991,000? According to the D&P estimate of our financial position at time of insolvency our tangible fixed assets were £113,205,333. I realize the mechanodome can't be worth much, but why is the difference so huge? Probably due to the fact Ibrox won't fall down when there's a light breeze 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,307 Posted September 17, 2012 Share Posted September 17, 2012 Isn't this something for CG to be asking his adversaries at the SPL ? how have they got away with this ? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 17, 2012 Share Posted September 17, 2012 Probably due to the fact Ibrox won't fall down when there's a light breeze Exactly! It's all about the quality of materials used. Ibrox was built with good quality raw materials, not old washing machines. 0 Quote Link to post Share on other sites More sharing options...
Cotter 0 Posted September 17, 2012 Share Posted September 17, 2012 Pretty sure this isn't rangers chat lads! 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 17, 2012 Share Posted September 17, 2012 Pretty sure this isn't rangers chat lads! I won't move the thread since neither Bluedell or Craig who posted on the first page thought to move it, but I've fixed the thread title! 0 Quote Link to post Share on other sites More sharing options...
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