Jump to content

 

 

Review of the Rangers accounts 2020


Recommended Posts

13 hours ago, rbr said:

Has it been shown that we actually have business interuption insurance and if so what amount will it cover .

We clearly do as it would have been the BI cover which saw us receive £1.25 million from insurers due to Covid.  Still more of a claim in but unknown whether we will receive further insurance monies.

Link to post
Share on other sites
19 hours ago, Bill said:

 

Accountants can usefully be compared to F1 mechanics. You need one to get your car ready but it's unlikely you'd ever put one in the driving seat. 

20% of FTSE 100 companies have a CEO who is an accountant, so quite a few are in the driving seat.

Link to post
Share on other sites
50 minutes ago, T-1000 said:

20% of FTSE 100 companies have a CEO who is an accountant, so quite a few are in the driving seat.

Everyone has the right to move on and better themselves. I can assure you of one thing - if someone takes up the reins of leadership, they’re no longer thinking like an accountant. 

Link to post
Share on other sites
21 hours ago, compo said:

When the subject of selling to balance the books its always Morelos but I think come January we might  have a job to hold on to our captain as someone who watches lots of the EPL  I would say he's as good as any full back at present  .

England have a plethora of good right backs but I would honestly say that only Trent Alexander-Arnold is better. 

Link to post
Share on other sites
6 minutes ago, Bill said:

Everyone has the right to move on and better themselves. I can assure you of one thing - if someone takes up the reins of leadership, they’re no longer thinking like an accountant. 

 

It's not mutually exclusive...or are you claiming to know that all accountants think the same way? :D

Link to post
Share on other sites
22 hours ago, Tannochsidebear said:

Superb analysis BD, many thanks for doing so.

 

Didnt know King was due money back, and disgusted he is charging 8% interest, he can no longer say he doesnt take a penny out when he gets £400kpa. Clearly this needs to be qualified by saying the directors and shareholders are due our eternal gratitude for the job done and the very real and vast sums of money they have converted into shares.

 

We really must sell one or two players either in January or early in the window (ie before 30 June) and if we can also win the title and qualify for CL group stages we will be fine as long as we keep staff costs under control.

 

 

 

22 hours ago, craig said:

As BD says, we don't know the background behind this - there may be reasons he has to charge interest - I don't know enough about the South African Revenue Service (SARS) but there is a possibility that he has to charge interest for tax reasons.

 

I would hope we don't sell anyone in January given the importance of the season - but should we win the league this year - in fact probably even if not, then we will sell Morelos for sure - can se do that pre-June 30th given the window usually only opens on July 1st ?  Or has that changed ?

 

Dave King Rangers AGM Dec 2019 ''The South African authority would not approve a further investment in shares in Rangers and eventually only approved a loan on an interest earning basis.

 

Image

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.