Steve1872 4 Posted March 27, 2014 Share Posted March 27, 2014 (edited) http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11905464 Full results and report here: http://rangers.g3dhosting.com/regulatory_news_article/375 Edited March 27, 2014 by Frankie 0 Quote Link to post Share on other sites More sharing options...
Steve1872 4 Posted March 27, 2014 Author Share Posted March 27, 2014 Highlights · Season ticket sales of approximately 36,000 for the 2013/14 season· Average home league attendance of over 40,000 during the period; seventh highest ranking UK football attendance· Revenue of £13.2m up by 38% (£9.5m for the 7 months ended 31 December 2012)o strong increase in sales from Sports Direct Retail partnership· Operating expenses of £16.8m (£16.6m for the 7 months ended 31 December 2012)· Reduced loss before tax, excluding non-recurring items of £3.5m (£7.2m for the 7 months ended 31 December 2012)· Cash of £3.5m as at 31 December 2013 (£21.2m at 31 December 2012) 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,135 Posted March 27, 2014 Share Posted March 27, 2014 Full results and report here: http://rangers.g3dhosting.com/regulatory_news_article/375 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,135 Posted March 27, 2014 Share Posted March 27, 2014 Seems clear from the operating expenses and 'going concern' note by the auditors that the club has to significantly cut costs and raise funds if we're to compete successfully again in Scottish Football. To say we're struggling to make ends meet is an understatement. Thus, the forthcoming review now has more importance than ever. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 27, 2014 Share Posted March 27, 2014 Costs markedly up not down. Wtf. 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted March 27, 2014 Share Posted March 27, 2014 Seems clear from the operating expenses and 'going concern' note by the auditors that the club has to significantly cut costs and raise funds if we're to compete successfully again in Scottish Football. To say we're struggling to make ends meet is an understatement. Thus, the forthcoming review now has more importance than ever. From looking at the costs we will be in unsustainable debt again soon without significant investment. irrespective of competing in Scottish football. Costs need to be drastically cut and people can dream on if they think we're going to be spend big sums of money in the next season or 2. The scary thing is we basically need a whole new team for the SPL and we have made a right mess of things. We need to be planning long term on youth development and overseas scouting so that we can start making millions of pounds in net profit on transfers per season like Celtic do. I don't think the players they've been signing are all that great either, we should be aiming to do better than them but they are getting it right. We get it very wrong. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted March 27, 2014 Share Posted March 27, 2014 Costs markedly up not down. Wtf. In addition: Income from broadcasting down Income from Commercial down Other operating income down. Seriously wtf. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 27, 2014 Share Posted March 27, 2014 In addition: Income from broadcasting down Income from Commercial down Other operating income down. Seriously wtf. Glad its not just me. How do costs over 6 months go up on 7 months worth when green was screaming it's all one off costs this time last year. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 27, 2014 Share Posted March 27, 2014 Or alternatively how does a company losing money last year hand over fist not cut costs drastically. It's like the guy I knew who when we were made redundant took his 20k to Amsterdam and came back 6 months later with lots of stories and broke. Kids could run us better. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 27, 2014 Share Posted March 27, 2014 The sad thing is all the bullshit green fed us about going back to the spl rich with the best balance sheet in Scotland and 30 million in the bank was possible. 0 Quote Link to post Share on other sites More sharing options...
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