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keep up to date with tonights meeting at ibrox


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I assume those high earners are getting punted next year then, and we will be leaving Murray park, seeing as we will be making a profit. That's before we sign any new players, and give new contracts. Technically, we wont make a loss this year anyway, unless the share issue doesn't go through the accounts?We spent less than £1m on transfer fees, and we are still running at a loss. It doesn't bode well for when we have to spend maybe £5m on players, and even that wont be enough to compete with them for the league. The share moeny will soon run dry, and we will be stuck with an average team, struggling to compete for a UEFA cup place, never mind the CL. The quicker we are back in the SPL, the better. Maybe then people will understand how a profit making football club, wins nothing.

 

We need real investment, and by that I mean people that can afford to lose their money, in the pursuit of making us the best again. All we have is a bunch of suits looking to make a fast buck. Any new money" invested" will go to them, seeing as they have all the shares, and none of it will go towards the team, or the club. This business model is doomed to end in sporting failure. It will make a few people rich, but it does nothing much to help us as a football team.

 

Under green and co, we will never win an spl title or ever compete in the CL. That is a financial fact that most of us haven't woken up to yet. Green to be fair has played a blinder......

 

Proceeds of a share issue dont go through the profit and loss statement. So they have absolutely no bearing on whether we will be loss making or profit making.

 

They go through the capital section of the balance sheet.

 

They WILL have a bearing on cashflow, but not on profit.

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Proceeds of a share issue dont go through the profit and loss statement. So they have absolutely no bearing on whether we will be loss making or profit making.

 

They go through the capital section of the balance sheet.

 

They WILL have a bearing on cashflow, but not on profit.

 

Thanks for clearing that up, because I wasn't sure. We will still be dipping in to the share issue for running costs though. Something that green said we didn't need to do. pre-share issue. Another semi-truth from the great man.

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One of the share issue expenditures listed in the prospectus is general working capital purposes.

 

Aye, I know, but he was asked on tv if we needed the money to get by, and he said no. Hopefully we can do a share issue every season to keep us out the red, because we have no overdraft.

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One of the share issue expenditures listed in the prospectus is general working capital purposes.

 

It is indeed, but prior to the share issue Green was saying that none of the money raised would be used for working capital, so it's essentially another contradiction as ComeOffit points out.

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