forlanssister 3,050 Posted December 14, 2014 Share Posted December 14, 2014 This is what i don't understand why get involved then? in the grand scheme of thing his onerous contract with us brings in tiny fraction in percentage of SD overall profits. Sports Direct are currently trading with a P/E ratio of 21.68. Ergo every million of profit SD extract from Rangers is worth £21.68m to the SD share price. Ashley owns 54% of SD ergo every million of profit SD extract from Rangers is worth circa £11.7m to Ashley. 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted December 14, 2014 Share Posted December 14, 2014 This is what i don't understand why get involved then? in the grand scheme of thing his onerous contract with us brings in tiny fraction in percentage of SD overall profits. Because it's easy money, it's what he does - he targets distressed companies and squeezes whatever he can out of them. He has made and will continue to make money out of us whether we are succesful or not. He's played this very shrewdly from his point of view, you think he hasn't because he's not improving our team, our facilities or engaging with the fans but none of that means anything to him. He's got what he wanted, if he can get even more he'll take it but he's not going to bother too much when he's already done/doing so well out of us and we're a minor thing (despite him making millions) amongst his interests to begin with. 0 Quote Link to post Share on other sites More sharing options...
compo 6,116 Posted December 14, 2014 Share Posted December 14, 2014 let him serve his notice period doing a bit of cleaning the stands or washing up 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted December 14, 2014 Share Posted December 14, 2014 Sports Direct are currently trading with a P/E ratio of 21.68. Ergo every million of profit SD extract from Rangers is worth £21.68m to the SD share price. Ashley owns 54% of SD ergo every million of profit SD extract from Rangers is worth circa £11.7m to Ashley. These people can't make money unless there is success on the pitch...... 0 Quote Link to post Share on other sites More sharing options...
buster. 4,808 Posted December 14, 2014 Share Posted December 14, 2014 (edited) Sports Direct are currently trading with a P/E ratio of 21.68. Ergo every million of profit SD extract from Rangers is worth £21.68m to the SD share price. Ashley owns 54% of SD ergo every million of profit SD extract from Rangers is worth circa £11.7m to Ashley. I can't get my head round this Could you please explain in laymans, step by step terms, how the "1M" profit becomes worth XXM to the SD share price. Or point to somewhere I could read up on it. Edited December 14, 2014 by buster. 0 Quote Link to post Share on other sites More sharing options...
pmu 0 Posted December 14, 2014 Share Posted December 14, 2014 These people can't make money unless there is success on the pitch...... not necessarily so, however they need to sell shirts etc as that's where SD get their profit.... 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted December 14, 2014 Share Posted December 14, 2014 not necessarily so, however they need to sell shirts etc as that's where SD get their profit.... They'll still sell tens of thousands of shirts even if the match results are shocking because unlike ticket sales, shirt sales aren't directly aligned with results. 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted December 14, 2014 Share Posted December 14, 2014 (edited) Sports Direct are currently trading with a P/E ratio of 21.68. Ergo every million of profit SD extract from Rangers is worth £21.68m to the SD share price. Ashley owns 54% of SD ergo every million of profit SD extract from Rangers is worth circa £11.7m to Ashley. Sorry to be a pain but I just don't understand this. Can you do a "explanation for dummies" guide? Do you mean every million he makes - say from Newcastle or anywhere else tied to SD is also worth "11.7m? PS And how can I get my monthly income to multiply 11.7 times too, please? Edited December 14, 2014 by SteveC 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted December 14, 2014 Share Posted December 14, 2014 These people can't make money unless there is success on the pitch...... Really? Stockbridge, Green, Ahmed, Wallace etc etc have made/are making huge amounts just fine with us being utter pish and constantly papped out of cups. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,254 Posted December 14, 2014 Share Posted December 14, 2014 (edited) These people can't make money unless there is success on the pitch...... I've agreed with you. I'm for a lie down...... Edited December 14, 2014 by RANGERRAB 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.