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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.

 

A bet he had an absolute belter of a 6 months though ................... :seal:

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A bet he had an absolute belter of a 6 months though ................... :seal:

 

Did everything imaginable and more mate.

 

But seriously were being run like kids in a sweetie shop.

 

These figures are abominable. Still bring through a million a month and that's during good months. With season book income in them. We're teetering in the brink.

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These figures are only up until December ? Can anyone cast light on why the Letham facility will accrue 10% interest if not repaid by 2nd July 2014, doesn't appear to be any better than Laxey's at those rates.

 

It's much better laxley was 30 percent.

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These figures are only up until December ? Can anyone cast light on why the Letham facility will accrue 10% interest if not repaid by 2nd July 2014, doesn't appear to be any better than Laxey's at those rates.

 

Possibly, that will be the penalty rate if RIFC Defaults on it?

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In addition:

 

Income from broadcasting down

Income from Commercial down

Other operating income down.

 

Seriously wtf.

 

Now, seriously, what have people expected in these stats mentioned above? We are where we are and there is essentially next to nothing the club can do about it? Well, at least you can't hold it against the current board, as they had next to nothing to do about these figures.

 

BTW, I noted that nigh all of our opponents in the lower leagues feature adverts on the back of their shirts, methink French teams' jerseys are full of them too. That could be one route for financial income, as could be a naming rights deal for Ibrox for say 5 years.

 

You'd also hope that the next shirt sponsorship deal is better than the current one, who runs out this summer AFAIK.

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Laxey's was a simple flat fee of £150,000 as I recall, no percentages.

 

What percentage of one million is 150k. Then double it because it's 150k for 6 months not a year.

 

Or if you prefer let's say we default and pay 10 percent that's 100k

 

All cheaper.

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Now, seriously, what have people expected in these stats mentioned above? We are where we are and there is essentially next to nothing the club can do about it? Well, at least you can't hold it against the current board, as they had next to nothing to do about these figures.

 

BTW, I noted that nigh all of our opponents in the lower leagues feature adverts on the back of their shirts, methink French teams' jerseys are full of them too. That could be one route for financial income, as could be a naming rights deal for Ibrox for say 5 years.

 

You'd also hope that the next shirt sponsorship deal is better than the current one, who runs out this summer AFAIK.

 

Seriously still defending them. Wtf

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