the gunslinger 3,366 Posted March 2, 2013 Share Posted March 2, 2013 Highlights: - Payments to clubs down by £1.6m (down 9%, which is booming in anyone's language!) - Accounts approved by the Board 28 January but auditors didn't (wouldn't?) sign off until 27 February - Balance sheet insolvent to the tune of £203,000 - Only £1.2m in the bank at the year end, prior year had £4m (i.e. clubs desperate to get money earlier) - "Rangers FC was sold by The Rangers Football Club plc to Sevco Scotland Limited" (i.e. Club is separate to company) - Directors' emoluments (mostly Doncaster) increased from £172k to £200k - Deferred income down from £7.2m to £3.3m (i.e. pulled in as much income early as possible) - No mention of the imminent dissolution if reconstruction occurs - Expected increase in TV revenues of 25% over the next 5 years (I laughed!) 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted March 2, 2013 Share Posted March 2, 2013 And they were meant to be not to bad this year, no wonder they want reconstruction pushed through so fast next years will be a massacre. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,291 Posted March 2, 2013 Share Posted March 2, 2013 Any news on our prize money from last season ? is it in there ? I'm sure BDO will be interested in these accounts 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 2, 2013 Author Share Posted March 2, 2013 it will be in there but i don't think accounts are that detailed. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,272 Posted March 2, 2013 Share Posted March 2, 2013 And from that goes the cost of the EBT-inquiry too, I assume? 0 Quote Link to post Share on other sites More sharing options...
JTP 0 Posted March 2, 2013 Share Posted March 2, 2013 So am I right in saying that the cash they withheld from us is keeping them afloat? Integrity personified eh. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,291 Posted March 2, 2013 Share Posted March 2, 2013 (edited) So am I right in saying that the cash they withheld from us is keeping them afloat? Integrity personified eh. Until BDO decide otherwise i.e. so they can add it to the creditors pot I get the impression BDO have been awaiting these SPL accounts. They're well overdue and there's never a good reason why any organisation's accounts are overdue. What happens next will be interesting Edited March 2, 2013 by RANGERRAB 0 Quote Link to post Share on other sites More sharing options...
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