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Brian Stockbridge tomorrow


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Financial Highlights

 

· Revenue of £9.5m

· Operating expenses of £16.6m

· Loss before non-recurring items and finance costs of £7.0m

· Profit before tax £9.5m driven by non-recurring release of negative goodwill of £20.5m

· Investment in football personnel of £1.6m in line with strategy

· Finance leases of £1.9m at 31 December 2012

· Cash of £21.2m as at 31 December 2012

· Undertaking of debts of former Rangers Football Club plc of £2.8m (£251,000 remains to be paid in accordance with the terms agreed)

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Operational Highlights

 

· Sustainable long-term structure now in place

o Assets and intangibles purchased from Administrators of former Rangers Football Club plc for £5.5m on 14 June 2012

o Successful IPO on AIM market of London Stock Exchange raised £22.2m in December 2012 to fund growth strategy, and bringing the total raised share capital since incorporation to £35.2m

· Season ticket sales in excess of 38,000, one of the highest levels of season ticket sales achieved by any UK club

· Average home league attendance of 45,363 during the period; fifth highest ranking UK football attendance

· New retail arrangement signed with the UK's largest sports retailer, Sports Direct

· New kit manufacturer agreement signed with one of the world's leading sport-lifestyle brands, Puma

· New shirt sponsor, Blackthorn Cider, for season 2013/14

· Acquisition of the Albion car park and Edmiston House for future ventures to enhance match day experience in January 2013

· Currently first in the Scottish Football League 3rd Division

 

 

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