The true state of RANGERS?

[Bluedell 5,329]

Cash at 31/12/13 £3.5m

Income £26m

Costs £32m

 

Cash shortfall £2.5m

 

That tells you far more than the OP (and yes, there's big assumptions in these figures but it's more to give the general idea).

[andy steel 0]

Shame for the poor sod that did that on Christmas Day.

[aweebluesoandso 290]

Look the club needed to borrow some millions a few weeks ago, to tide it over till the season ticket money came in. Their season ticket money gravy boat is sinking fast, What are the board going to do about it? They say they have investors waiting in the wings ready to swoop in with the required investment. m y question is, why didn't they get this investment in sooner rather than going cap in hand to Laxey?

 

There's a financial gully in the club and they need the season ticket money or loans to bridge it, no one is daft enough unless their a Rangers supporter willing to act as a bridge here imo.

 

That's where Dave King comes in, but the board are deaf dumb and blind to act.

[Stimpy 0]

True state of Rangers:

 

Hedge funds and faceless organisations appear to be pulling the strings. They certainly are not accountable to supporters and Laxey's actions in the run up to the AGM suggests they don't give a flying fuck what we think and will act upon their interests as shown in their vote for Stockbridge even though they admitted his incompetence. Others are clouded in secrecy who've given their proxies to bus owners.

 

The board of directors have been shown up as liars, willing to sue Rangers fans whilst they ignore dangerous fundamentalists in the selick support. Throw in a poor review, bonus culture, refusing to adhere to company law by refusing to disclose directors salaries, and this is all in 6/7 months, they're not fit for purpose.

 

We've the second highest playing wage bill in Scotland but perhaps one of the poorest sides. No fight, no tactical nous, no inspiration or drive flows through Ally and his players. No one appears to have at least tried to remedy this.

 

The staff at the club, not all, are not the best we can get. Example being, when have you ever saw any position advertised? The Rangers shop in Belfast never advertised the store manager's position but hired the previous guy.....who got the sack not so long ago. Only the social media guy stands out.

 

The supporters are fragmented with pro-boarders claiming to be the silent majority which is just bull shit. I've seen fans threatened. I was even threatened by fellow fans, and the club are lapping it up. Jesus! The fan subject could go on all night. No meaningful representation all because the board fear supporters IMO.

 

We have a beautiful stadium in dire need of TLC. The land around the stadium is a disgrace for a club of our stature that doesn't attract extra revenue. We've tens of thousands of fans mulling around Ibrox every other Saturday and the club has no facilities to generate income from 40,000+ people hanging around talking.

 

Our standing in Scottish Football has never been lower. Little respect and a queue of people willing to stick their boot in. Outside of the RST and a brief appearance by the working group I've seen no one else try and take them on.

 

And, we spend more money than we bring in.

 

Massive opportunity to the right man to solve all of that.

 

Edit: we don't even have a scouting network but a board willing to reward themselves or sue fans.

[Stimpy 0]

WTF.

 

What you need is a simple model that does the following:

 

Opening bank balance

+ income

- expenses (adjusted for non cash items)

 

and you'll quickly see that the cash runs out (like it did this season).

 

Looking at ratios involving total assets isn't helpful given the fact that our assets are the stadium and Auchenhowie. It doesn't matter what they are valued at. It doesn't change our cashflow.

 

It's a relatively simple business model and there's need for complicated mathematics or ratios. Basic arithmetic gives you a far better picture than trying to manipulate figures that prove nothing.

I'm glad the experienced accountant agrees with me:)

[der Berliner 3,247]

AFAIK, the only "hedge fund" we have amongst our shareholders is Laxey, who own 12% (sic!) of the company. Are they pulling all the strings, or isn't more likely a chap who holds proxy of far more shares than Laxey does that?

 

The "right man" who could turn this around has not whispered a word about what he intends to do, what his plans are ... and how e.g. he would want to stop us spending more than we take in right now - something that was rather obvious from the beginning (at least while we are in the lower leagues). Just saying.

[the gunslinger 3,366]

WTF.

 

What you need is a simple model that does the following:

 

Opening bank balance

+ income

- expenses (adjusted for non cash items)

 

and you'll quickly see that the cash runs out (like it did this season).

 

Looking at ratios involving total assets isn't helpful given the fact that our assets are the stadium and Auchenhowie. It doesn't matter what they are valued at. It doesn't change our cashflow.

 

It's a relatively simple business model and there's need for complicated mathematics or ratios. Basic arithmetic gives you a far better picture than trying to manipulate figures that prove nothing.

 

someone should tell the board that.

[barca72 440]

Does the money that Somers and Easdale paid for the 1p shares go to the club as income? If so, is that what this board is calling available investment ?

[Stimpy 0]

Does the money that Somers and Easdale paid for the 1p shares go to the club as income? If so, is that what this board is calling available investment ?

 

No mate. The seller benefits.