READ MORE:Rangers administrator insists valuing club brand was 'waste of money' after 'being worth' 16m. I'm told today that hearts, hibs, st. mirren and motherwell, all want/.. 30 Apr 2023 11:14:46 'Completely and utterly unacceptable' Rangers legend reacts to tax case claim. I've got a feeling that we aren't going to sign Tillman and not because Beale.. 24 Apr 2023 15:00:00 The present chairman, Mr Park has said the board acknowledged the current uncertainty over the level of additional funds that will be required and a lack of a binding debt facility indicate that a "material uncertainty exists which may cast doubt over Rangers International Football Club plc's ability to continue as a going concern". "I said that any administration driven by Craig Whyte, and bearing in mind the advice he had taken from MCR ran the risk of said administrators looking to exit administration via a CVA and the survival of the company as a corporate entity.". Apparently, Rangers representatives at Roma v Udinese match last week and are.. 18 Apr 2023 11:00:37 Ben last sentence was class mateI'm not looking for everything just now but will be in touch if something pops into my nut . We as a club.. 10 Apr 2023 09:19:30 That's a difficult one this season so many candidates,.. 24 Apr 2023 05:55:16 Is Josh Ginnelly more effective than 7m.. 23 Apr 2023 18:18:02 There is no excuses to be made today. This site is part of Newsquest's audited local newspaper network. Unfortunately could not kick on, wish him.. 12 Apr 2023 07:36:19 1. 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Bloody hell, the 3 players we are linked with are all freebies. Former Rangers stadium announcer blasts Ibrox liquidation payouts after losing 1550. It's obvious our team is not.. 09 Apr 2023 10:08:11 Quite a few Decisions were made today as we look at 5 Old Firm games and not.. 30 Apr 2023 18:33:08 The oldco was placed into liquidation on June 14, 2012 as Sevco bought the assets, including Ibrox and the training ground Murray Park for 5.5m and placed into a new company. WebRangers have reported a 23.5m operating loss for last season in their annual accounts. Comments have been closed on this article. There's never any positives in defeat to them. At the end of 2019, the HMRC claim against the oldco had dropped to just over 67m - following an alleged decision to drop penalties totalling 24m, relating to the company's use of EBTs. However, the final amount required is dependent on future football performance, European football participation, player trading and the ongoing impact of Covid-19 amongst other factors.". It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse. When Mr King stepped down as chairman of Rangers at the end of 2019 after four-and-a-half years at the helm it left questions over how the club will be funded in the future - as his 5m loan emerged. Time flies. The taxman said the scheme was tax avoidance and hit Rangers with a bill to pay back the money while the club was under the ownership of Sir David Murray. Out cold all night. "This resilience, together with a burning ambition, has, once again, been underpinned by significant investment from our directors and shareholders. RANGERS have posted a loss of 15.9million for the last financial year as the impact of Covid-19 was laid bare at Ibrox. Can I ask the posters who say they want Ollie Mcburnie or Lyndon Dykes why?.. Rangers reached the last 16 for the second year running, which brought in 11.7 million, over a quarter of the total turnover, but that sum is 9.5 million less than Interesting to see 1872 purchase 1.25 million shares at 20p a share. "The financial year under review is unlike any other, no matter the business or walk of life. The first tranche of funding is required from investors before the end of this year. Our necessary recovery investment and player acquisition programme, combined with the damaging effects of COVID-19, have had clear effects on our financial statements.. Frank McAvennie has claimed Ross Wilson should be arrested for the contract situations he left at Rangers. Glad SR has resigned and Bisgrove is taking over. No and why would that be important. The Scottish champions were sustained by 21 million of loans from shareholders and investors through the period to June 30, 2021. But they would need to buy out others then rangers dont get that money the shareholders selling do Remember rangers do not want one or two owners If terms were already agreed with Bayern in our "exclusive loan agreement".. 05 Apr 2023 12:41:55 WebPlenty more debt has been accrued simply by borrowing from banks, too in January 2021, Arsenal were reported to have been lent 120 million from the Bank of England as a short-term solution to alleviate their financial plight during the pandemic. 29 Apr 2023 07:09:52 Mr Grier told HMRC on March 8, 2012 that he had shared their view that there needed to be a full and proper investigation of the circumstances that led to insolvency of the company and that "no stone is left unturned". When an offer was made for 8m from the Charles Green-fronted Sevco with a CVA exit, it was swiftly rejected. Auditor Greig McKnight for Azets Audit Services said there was a "material uncertainty related to going concern" saying the precise level of funding required going forward was uncertain. So if we had to sell players to generate cash for transfer. Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. 28 Apr 2023 21:33:55 . David Whitehouse is suing the Lord Advocate Frank Mulholland over alleged 'wrongful' prosecution. Not from a major hitter, would imo need to buy out all the big shareholders who get the money not rangers. Better team today but same failings haunt us. From Pedro in a hedge to Charles Green in a hospital bed it's been quite the ride in the decade since the Ibrox club last won the title. This rangers team needs ripped up and started again. Even one of the players you mentioned in your post is from QPR and MB said he's not interested so instead of ( your words) Chris Willock 25 one of the best forward players in the championship, has now become injury prone and not for you. Rangers total loss of 24.153 million was a sharp increase on the 17.462 million total loss they recorded the previous year. Craig Whyte was a Rangers wolf in cheap clothing as Paul Murray reflects on 'slow motion car crash' at Ibrox. That's all I'm saying. Im not meaning to be controversial here but as good a goal as airfields.. 17 Apr 2023 15:06:18 01 May 2023 07:15:55 We look forward to hearing from you on heraldscotland.com. John what's the good news from companies house. HMRC hit back at Rangers tax claims with stinging response, Rangers fans thought there was an agenda and HMRC claims prove they were right - Hotline. It has been ten years since Rangers Football Club plunged into administration. Yip, things are certainly.. 16 Apr 2023 00:02:58 Rangers have posted a loss of over 24 million in their latest annual accounts, with their revenue slumping by 19 per cent amid the impact of the Covid-19 If you continue to use this site we will assume that you are happy with it. 27 Apr 2023 20:26:20 Matondo 28k . We may then apply our discretion under the user terms to amend or delete comments. Readers comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. Iom you do realise players that are free still cost money and arent actually free. If anyone needs an idea for anything, let mw know. Well not before time there will be a clear out. Does anyone know when Hagi contact is up? Hence reduced price as he was gifted them. Yeah done a bit of digging 25k a week You can make a complaint by using the report this post link . This guy is like Romano.. 29 Apr 2023 12:57:46 Kent and morelos careers are only going 1 way now and it's down they might.. 30 Apr 2023 16:42:40 Iom, not sure why anyone would line pockets king park et al. Are Rangers in financial trouble again 2021? Mr Whitehouse and Clark are defending the action in the Court of Session claiming the liquidators expected a bonkers strategy of a fire sale of Rangers which would have effectively shut the club down for good. Did not think it was possible but Raheem Sterling actually looks to be even.. 20 Apr 2023 17:57:43 Keep reading about our wage structure and it's getting a bit worrying and fed up hearing g we're foi g to end up back where we were if we're not careful Yes. "The risk that key cash flows are not achieved as forecast, along with the absence of a binding debt facility for any shortfalls, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern. As of June, 2021, there were loans with investors amounting to 10.3 million and other commercial loans of 1.9 million, while the company also has lease agreements totalling 1.7 million. What a shambles that was yesterday and i was rather peeved off too say the.. 27 Apr 2023 20:02:32 And he said that the South African authorities would not allow the loan to be made without it attracting a market-related interest rate. Chelsea willing to offer Chalobah, Loftus-Cheek in Onana deal? Police officer get promoted I charge off station It is like a 5th sense I have. See it being reported Cost them 250k. This site is protected by reCAPTCHA and the Google, This website and its associated newspaper are members of Independent Press Standards Organisation (IPSO). Who made the decision not last.. 30 Apr 2023 09:39:27 Rangers now being linked with fc cologne goalkeeper timo horn ?We won't sign.. 24 Apr 2023 20:03:07 Better team lost today but goals win games. He said that with the prospect of potential claims against people advising Craig Whyte and Rangers and potential legal action against directors, liquidation remained the "better option". 26 Apr 2023 07:20:10 Do we have a decent.. 06 Apr 2023 12:06:33 Rangers have posted a loss of over 24 million in their latest annual accounts, with their revenue slumping by 19 Reported that 18 yo luka romero is set to leave lazio for free at the end of.. 27 Apr 2023 12:12:51 Who is actually funding all our outgoings at present? Heard it's stewart Robertsons shares that's he's sold to club 1872. He said he was aware that other clubs has been put into liquidation for non-payment of debts and was concerned that there'd be a "perception that Rangers would be perceived to have been treated differently because of the scale of the club". David Whitehouse and Paul Clark, of Duff & Phelps, were subjected to criminal proceedings. 22 Apr 2023 11:36:12 Why play Kent and Buff? While fans were anxious to prevent a liquidation - fearing it meant the end of the club, behind the scenes, the taxman believed it was the way forward concerned about a wider strategy over the use of Employment Benefit Trusts (EBTs) to pay staff and avoid tax. 24 Apr 2023 10:58:44 U don't get much for 3-4m anymore for contracted players. Is this another mob or a company representing Elite? James sands saying the SPFL did not challenge him??? He said he was happy to give a new loan, but that it would have to be on an interest basis "as required by the authorities". Sometimes when I am struggling to sleep I put a clip of him on talking and that normally does the trick. Six days before the club's business went into administration he emailed a colleague to say he was not sure that concerns over a need for an independent review of matters had been fully appreciated, and that HMRC had to "act quickly". I just hope it never gets to that stage. Rangers have posted a loss of over 24 million in their latest annual accounts, with their revenue slumping by 19 per cent amid the impact of the Covid-19 pandemic. The Rangers board in its latest overview states: "When the current board and investors wrestled back control of our club in 2015, it saw before it a 10-year recovery project. 25 Apr 2023 18:46:58 My reason for saying so was also that I believed an independent review by a liquidator maximised our chance of securing greater recovery for creditors," he said. Rangers have posted a loss of over 24 million in their latest annual accounts, with their revenue slumping by 19 per cent amid the impact of the Covid-19 pandemic. Rangers are to pay 2million to loan Aaron Ramsey from Juventus on deadline day, with an option to buy him for 4.5million in the summer according to Franco Leonetti. As the pandemic took hold in March 2020, investors in money market mutual funds started trying to pull their cash out, which helped push the financial system closer to a collapse. Bain was left stunned as he stood in New York while being relieved of his Ibrox duties. Both had previously been employed by MCR, prior to its acquisition by Duff and Phelps in October 2011, with Mr Clark a founding partner. But he has said that having secured the offer of further loan funding the directors believed that there is a "reasonable expectation" that the company will at all times have adequate resources to continue in operational existence for the foreseeable future. READ MORE:'No f***ing clue': Craig Whyte's 'end game' was for Rangers to go bust, says adviser in secret email. could have fooled me 22 Apr 2023 12:58:04 The only year since the clubs liquidated business was bought by Sevco, that it turned a profit was in the 13 months to June 2013, when it was 1.192m in the black. Billy Gilmour has never.. 29 Apr 2023 23:05:58 Alegria leaves rangers. WebRangers admit they will need to raise more than 20million in fresh investment by the end of next season after revealing yet more losses in the wake of the coronavirus crisis. Are Glasgow Rangers in financial trouble again? Rangers will hold their annual general meeting at the Clyde Auditorium in Glasgow at 10.30am on Tuesday, November 30. 24 Apr 2023 11:57:58 We followed the script to the letter We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse. Loris Karius Guys how confident are we going into this semi? Barry Ferguson insists Rangers can begin wiping out their debt by winning the title again this season. It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse. 28 Apr 2023 22:57:31 He added: "I stated that I was concerned by comments made by Paul Clark in the press that suggested a CVA was his preferred option to ensure the survival of the company. WebWorst 2021 Ford Ranger Problems #1: Weak Shock Absorbers 2021 Ranger Average Cost to Fix: N/A Average Mileage: 0 mi. 24 Apr 2023 19:41:35 Rangers have announced a 15.9m loss up to 30 June, an increase of 4.3m from the previous year, amid the "economic storm" of the Covid-19 crisis. "I didn't think that was right," he said. Bisgrove is young and a bit of a dynamo. "If we have people in the boardroom willing to put in the money, then I would hope that we would be okay. Can anyone see the link in the players we have been linked with they are all out of contract. The condition in which our club was left cannot be underestimated. I bet none of Celtic's players are on anything like some of ours and you'd need to agree their achieving more than ours. 28 Apr 2023 06:09:10 The loan from the 66-year-old South Africa-based executive, who stood down last year, came with an interest rate of 16%. Fox News Tonight will replace it on an interim basis. The Aaron Ramsey has joined Rangers on loan from Juventus for the rest of the season. Robertson being replaced by bisgrove is the new.. 26 apr 2023 04:51:13 #RangersFC 19.3m gross debt is more than all the other Scottish Premiership clubs combined (15.7m) with the next highest being Hearts 5.7m, Celtic 5.4m and Aberdeen 1.3m. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself. Former DJ Adrian Coll hit out after companies handling the Ibrox club's collapse pocketed nearly 20million in charges while creditors have been given just 1.4m. Rangers have posted a loss of over 24 million in their latest annual accounts, with their revenue slumping by 19 per cent amid the impact of the Covid-19 pandemic. Money was put into Employee Benefit Trusts (EBTs), located in offshore tax havens. Editors' Code of Practice. Have read Beale wants butland, but due to a restricted budget is now looking.. 29 Apr 2023 17:25:23 contact IPSO here, 2001-2023. How important is next Sundays cup semi to MB and his Rangers career? We may then apply our discretion under the user terms to amend or delete comments. The deficit for the year to June 30, 2021 was more than 7.5m bigger than the 2019/20 "I had achieved my personal objective of removing the club from its state of crisis and it had become in the best interest of the club to be guided by individuals in the UK who, I thought, were capable of taking the club forward in a normalised manner (Covid had not yet happened) and who were willing and able to continue to provide any funds that might be required on an unsecured and interest free basis- and thereby honouring the commitment that we collectively made to supporters and shareholders. Surely we're not paying 45k a week to cantwell whether it's factored in bonuses etc Former Rangers administrators 'should not have been prosecuted' as Crown admit liability for further damages, David Whitehouse and Paul Clark are seeking more than 20 million over their alleged wrongful arrest and prosecution, BT Sport continue Scottish football coverage as Ally McCoist joins Chris Sutton and co for season preview. Sakala not good enough to be.. 30 Apr 2023 16:16:50 If you have a complaint about the editorial content which relates to READ MORE:Giovanni van Bronckhorst 'lands in London' for Rangers manager talks. "At the clubs request, the Laird loan that I disclosed was only payable after two years "The payment, including agreed interest, had been recognized in all cash forecasting throughout the prior two years and consequently had no impact whatsoever on the clubs anticipated financial position.". contact IPSO here, 2001-2023. Reading online there that weve been scouting a Honduran boy in Greece, 10.. 02 Apr 2023 10:23:59 Celtic Football Club has reported a post-tax loss of 12.6m last season, as the pandemic and reduced transfer income hit home. Rangers have paid a loan fee of 2m to sign Aaron Ramsey from Juventus, Michael Bridge has told Give Me Sport. An agreement has been reached with club chairman Douglas Park and Mr Bennett where they will provide additional loan facilities as necessary to meet shortfalls. 24 Apr 2023 23:46:29 My positives from game today is some won't play for us ever.. 30 Apr 2023 20:55:04 "I explained at the [2019] AGM that my regret at interest being paid was that it went completely against the undertakings given by me and my fellow directors (at regime change) not to take director fees and not to receive interest or take security for loans provided to the club," he said.
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