ian1964 10,457 Posted February 18, 2015 Share Posted February 18, 2015 The Derek Llambias biography that the former Newcastle United MD has posted on the Rangers website is extraordinary... - See more at: http://www.themag.co.uk/2015/02/must-read-derek-llambias-rangers-bio-written-jfk/#sthash.HnbGxYQP.DcBY7pL6.dpuf'>http://www.themag.co.uk/2015/02/must-read-derek-llambias-rangers-bio-written-jfk/#sthash.HnbGxYQP.DcBY7pL6.dpuf The Derek Llambias biography posted on the official Rangers website makes interesting reading. Thanks to Mag reader Dave Jegier for pointing us in that direction. The bio is that interesting that surely there is only one man who could have written this on Derek Llambias’ behalf. Step forward…Joe Kinnear. This is what the Rangers Derek Llambias bio says with relation to his time at Newcastle United: ‘Derek joined Newcastle Football Club in 2007 as Vice Chairman and Managing Director and in his 5 years stewardship he reformed and improved stadium facilities, expanded commercial activities giving N.U.F.C. an increase in turnover from £85 million to £123 million. He took the club which was making significant losses to one of the top 20 most profitable clubs in Europe.’ We’re not sure which alternative universe these ‘facts’ were taken from but these are the facts as the rest of us (apart from Llambias and Kinnear) understand them: Llambias took charge of NUFC from Chris Mort in 2008 The financial year (2007/08) while Chris Mort was in charge produced the following revenues – 2007/08 Turnover £99.4m (Commercial £25.9m, Matchday £32.4m, TV £41.1m) Derek Llambias left Newcastle United in June 2013 after five years in charge and his final NUFC financial figures were for 2012/13 – 2012/13 Turnover £95.9 (Commercial £17.1m, Matchday £27.8m TV £51.0m) The operational ‘profit’ was in reality a loss of £616,000 in Llambias’ final year. Quite extraordinary what Derek Llambias has allowed to be put up on the official Rangers website. Claiming he increased turnover by £38m when he actually decreased it by £3.5m despite £10n extra TV money. Claims he expanded the commercial activities to help give these fantasy increases in turnover, when the reality is that Commercial revenue dropped by £8.8m. As for becoming one of the top 20 most profitable clubs in Europe, Newcastle United made an operational loss and didn’t make any profit. There are unconfirmed rumours that Derek Llambias managed to fit in writing his Rangers biography, in between swimming the Channel and climbing Everest. - See more at: http://www.themag.co.uk/2015/02/must-read-derek-llambias-rangers-bio-written-jfk/#sthash.HnbGxYQP.DcBY7pL6.dpuf 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,457 Posted February 18, 2015 Author Share Posted February 18, 2015 0 Quote Link to post Share on other sites More sharing options...
Laudbertz 0 Posted February 18, 2015 Share Posted February 18, 2015 (edited) Must admit, had a little chuckle that they even got the year he joined wrong. Yeah, lets re-write history, its not like this information is accessible to be able to back it up... oh wait... This is what has impressed me most about forums like Gersnet. Ill be more than happy when we get back to threads that are mostly football/on-pitch related matters, but i'm loving the amount of information that can be obtained in order to show up these people when it comes to off-pitch matters. Edited February 18, 2015 by Laudbertz 0 Quote Link to post Share on other sites More sharing options...
govan_derriere 3 Posted February 18, 2015 Share Posted February 18, 2015 There is a clear breach of AIM rules here. I have already written to AIM & FCA. Don't want to give the 'Mafia' any advance warning about this. 0 Quote Link to post Share on other sites More sharing options...
limeburner 0 Posted February 19, 2015 Share Posted February 19, 2015 Was DISCOVERED by big mike dealing stud in a casino. Probably put said casino out of buisness if his track record is anything to go by. 0 Quote Link to post Share on other sites More sharing options...
buster. 4,808 Posted February 19, 2015 Share Posted February 19, 2015 (edited) Borrowed from FF. Edited February 19, 2015 by buster. 0 Quote Link to post Share on other sites More sharing options...
govan_derriere 3 Posted February 19, 2015 Share Posted February 19, 2015 Another interesting twist on this. Consider this RNS statement on 6/2/15, Requisitioned General Meeting http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12241662.html “The current management team is led by Derek Llambias. Derek Llambias was formerly the Managing Director of Newcastle United Football Club ("NUFC"). Derek joined NUFC in 2007 and in his five year stewardship reformed and improved stadium facilities; increased turnover from £85 million to £123 million and, from making significant losses, NUFC became one of the top 20 most profitable clubs in Europe.” For a start, DL joined NUFC in 2008. Is telling porkies to the LSE not a contravention of AIM rule 22? A wee bit of verification of his financial claims whilst at NUFC might prove interesting. The claims made in the MAG above do not seem too impressed. Have also flagged this up to AIM & FCA this morning. 0 Quote Link to post Share on other sites More sharing options...
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