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+----- Thread: Rangers announce a £14M loss! (/showthread.php?tid=7741)
Rangers announce a £14M loss! - 0762 - 01-11-2018
https://www.bbc.co.uk/news/uk-scotland-glasgow-west-24344579
This news can be no surprise to most knowledgeable observers of Rangers FC and the way they conduct their business. I've commented time n time again that the Scot footie authorities should deploy much stricter rules that cover financial impropriety and yet I'm still observing the potential likelihood of a footie club operating the same kinda shit that could eventually "break them" again.
RE: Rangers announce a £14M loss! - hibeejim21 - 03-11-2018
What screams out from those figures (apart from them taking the pish out of FFP) is that current assets (cash, debtors, inventory etc) have stood still at £20m. So if all short-term creditors demanded payment tomorrow (£36m) then they wouldn’t have enough short-term assets to cover it.
I know some the debt has been swapped for shares, but that cant continue forever. They are in some state but they don't give a toss, they will happily go bust again to try and stop celtic. Idiots.
RE: Rangers announce a £14M loss! - 0762 - 03-11-2018
Aye! That's it in a nutshell and I can't believe that footie rules have not been revised to put a stop to this kinda nonsense esp after all the previous crap that damaged them and certain other Scottish footie clubs!