no

they SELF DESTRUCTED in two minutes, losing two goals

eejit

That is literally insane.

Clyde reporting that The Rangers have lost £7m in the last 7 months.

bang on target i believe

A lot of one off payments etc

http://www.iii.co.uk/markets/?type=a...action=article

AHAHAHHHAHA

Gate reciepts and hospitality £6,411,000 lol

If they are claiming average home League attendance is 45,000 and theyve had 13 home games thats on average £490k per match meaning the average ticket price is only £10.95(at most considering that includes cup games) + 38,000 of them are season tickets which have already been paid. So they are only due to bring in £383k in their last 5 home League games.

Celtic brought in more ticket money from the 6 home European games alone than Sevco will have got from every home game of the season.

The full lot of that share issue money could be gone by August just on surviving.

Hope Chuckles keeps his word and compares the Sevco balance sheet with the Champions at the end of the season, would love to see him squirming.

did you forget we are division 3, of course its cheaper to get into a game
its obvious celtic would make more on gate receipts...whats your point?


we are not operating at a loss(Pre-tax profit of £9.5million) , as OMTT stated up there most of losses is from one off payments

the finances are in excellent condition , and as i said bang on target

There was a one off credit of £20.5m

HAHAHAHHAA

Just thought it was hilarious Sevco fans going on about attendance all season when they are paying peanuts to go and see the monkeys. Celtic fans have gave our Club over £12million in Ticket money and almost £9million in Merchandise money MORE than Sevconians have gave their Club in just those 6 months.

Also how are they in excellent condition. How much do you think it will cost to run from January until May with only about £500k of income? that will eat away at existing money from the share issue and probably trim a good £5/6million off of it before they get their manky paws on any of next seasons season ticket money.

No wonder Chuckles couldnt wait to claw in share issue money the new club were insolvent before theyd even reached their six month anniversary. If there was no share issue there would be a probably £8/9million black hole by now and seen as they couldnt get credit at a bank theyd be dying already.

Celtic fans actually gave our Club more money in Tickets alone than Sevco fans have given their in Tickets, Merchandise sales and Share Issue money.

rangers net assets - 66 million
celtic net assets - 48 million

take that back to kerryfail

£7m thats more than the £3.5m loss projected before the share issue.

Looks the fast tracking up the league or another share issue will be required.

Can tell your not a businessman.

"Brand" and "Negative Goodwill" are made up terms added to accounts to make them seem better.

I have never witnessed them in accounts anywhere in my life before.

Valuing your brand on accounts is hilarious, anyone could literally add any bullshit like that. Like imagine putting "Smell of Stadium £20million" thats all it is absolute nonsence added for effect.

Infact the simple fact they added that sets alarm bells ringing, why value stuff in your accounts that in reality has no value at all? might fool simpletons into things looking better but anyone actually seriously looking at the accounts - ie potential investors, would just have a wee laugh at it.

Is that another World Record for Sevco. Has any other 4th Tier team ever made a loss of £7million in only 6 months?

Lol @ Chuckie and the gang. What a great balance sheet ha ha

Why are the directors being paid so much and why is the Manager and players being paid so well? It's a div 3 football club!!!

Not sure if anyones interested but Celtic scouts were in Crete at the weekend to watch OFI vs Olympiakos. Rumour has it that they are scouting Djamel Abdoun (Algerian international - winger who can play left or right of the pitch).
No sources apart from Greek (make it up as we go along) papers.

Hibs v Falkirk
Dundee United v Celtic

Hibs and Falkirk probably the happiest there.

Would agree with that but we need to beat them at some point

Really?

"Financial Highlights


· Revenue of £9.5m
· Operating expenses of £16.6m
· Loss before non-recurring items and finance costs of £7.0m"

That would seem to suggest something different.

would noting the RIFC accounts are unaudited.

Yep, this great profit of £9.5M was err "driven by non-recurring release of negative goodwill of £20.5M".

It is absurd and insults folk's intelligence to suggest that Rangers is operating at a profit. Quite the reverse, which is inevitable given the big disparity between revenue and operating expenses.

And Rangers posters wonder why they sometimes get derided on here !

Sports Direct FC

Oh good lord...

Rangers want to sign D'Utd captain Jon Daly.

He fits the profile at least - is he out of contract?