Surely we're not paying 45k a week to cantwell whether it's factored in bonuses etc This guy is like Romano.. 29 Apr 2023 12:57:46 Rangers will hold their annual general meeting at the Clyde Auditorium in Glasgow at 10.30am on Tuesday, November 30. 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. 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. Robertson being replaced by bisgrove is the new.. 26 apr 2023 04:51:13 Data returned from the Piano 'meterActive/meterExpired' callback event. James sands saying the SPFL did not challenge him??? Just a simple heads up for the MB fans .6th Old Firm game as manager and.. 30 Apr 2023 15:41:08 My team Tommorow. Tough one for us on Saturday and what do we do? The auditors have stated that the financial situation means there is a going concern uncertainty - something acknowledged by the board of the Scottish Premiership champions. Is Josh Ginnelly more effective than 7m.. 23 Apr 2023 18:18:02 "The precise level of funding required is uncertain as it is inherently dependent on a number of key variables," he said. 26 Apr 2023 09:59:01 Out goalie was done years.. 30 Apr 2023 15:48:23 RE. That is absolutely embarassing, raskin barasic kent and Davies all just stop.. 30 Apr 2023 08:38:00 A report by liquidators BDO shows a HMRC bill has dropped from an estimated 94m to around 67m. 27 Apr 2023 12:08:18 David Whitehouse and Paul Clark, of Duff & Phelps, were subjected to criminal proceedings. The Dons boss was heckled by his own fans after the draw with St Mirren but his side took a 0-0 draw from Ibrox. ", Details of the club's financial position came as Steven Gerrard departed the Ibrox club to become the manager of Aston Villa in the English Premier League having guided the club to a 55th Scottish Premiership title last season, finishing the league campaign undefeated.#. Under SG we went out and got the players he wanted not ones how were available. And he said that the South African authorities would not allow the loan to be made without it attracting a market-related interest rate. Im not meaning to be controversial here but as good a goal as airfields.. 17 Apr 2023 15:06:18 "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. "The first tranche of funding is required from investors before the end of November 2020. 24 Apr 2023 23:05:29 See the pattern. We are doing this to improve the experience forour loyalreaders and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. But now a court fight is on the cards over the extent of the debt that the club actually owed with a final figure expected to go to just under 100m. He made clear that the original loan was provided by his Laird "a company in my family trust structure" shortly before he stepped down as Rangers chairman and had to be approved by South African authorities. Rumour that Beale was in Rome talking with El-Shaarawy on a bosman to replace.. 28 Apr 2023 14:44:52 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 Is this another mob or a company representing Elite? The cashflow issue was acknowledged in the club's latest annual accounts, which show they made an operating loss of 15.9m for the financial year. 25 Apr 2023 18:14:28 Mr Baird in evidence to the case which is continuing said they had in mind "a connection between MCR and Craig Whyte prior to administration and that there was a "risk" that CVA would be the desired outcome for Mr Whyte and "possibly members of MCR". For all the years I.. 25 Apr 2023 06:51:47 that's some war chest bears right? RB Leipzig boss confirms Nkunku move to Chelsea? Remember rangers do not want one or two owners as that puts us at incredible risk again. The 24-year-old Ibrox striker is also believed to be on Qatar side Al-Duhail 's wishlist. Editors' Code of Practice. Brill troops. 24 Apr 2023 23:46:29 Ed's any information on if Morelos is really getting looked at by some epl.. 05 Apr 2023 08:50:43 25 Apr 2023 17:03:38 Before he took charge at Rangers Mr King said he was prepared to stump up the 50m needed to compete with Celtic at the top of Scottish football and said: "I actually believe whatever I invest in Rangers I will never get back. National World Publishing Ltd. All rights reserved. Loris Karius Time to remove the.. 30 Apr 2023 21:24:16 SR was/ is a proper sleeping bag of a guy. Matondo has the same amount of assists in 45 mins as Kent has in his last 10.. 15 Apr 2023 21:38:28 Better team lost today but goals win games. Mike Baird, who had been the head of the finance professionals unit in HMRC's specialist investigations directorate and was authorised to talk about the strategy of thetaxman which has previously been undisclosed due tostrict confidentiality rules. 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. Rangers liquidators agree 56million settlement in tax case. He said the other day.. 20 Apr 2023 15:09:26 It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. Id love Butland to replace McGregor I've got admit as much as I disagree with quite a few of yous I'd miss this.. 01 Apr 2023 09:15:33 Regarding ryan kent and alfredo morelos coming to the end of their contracts.. 19 Apr 2023 22:09:54 We as a club.. 10 Apr 2023 09:19:30 26 Apr 2023 22:57:37 The case comes nine years after the Craig Whyte-controlled Rangers business fell into administration and then liquidation leaving thousands of unsecured No wonder u get stick in tob. What a shambles that was yesterday and i was rather peeved off too say the.. 27 Apr 2023 20:02:32 In April, he suffered a hamstring injury, ending his season and Arsenal career. WebRangers It specifically mentions in the official court documents that part of their decision making process revolved around the fact that their verdict will result in no negative financial risk to Rangers. What his budget iom you don't know that like the rest of us but he said he has a good budget more that previous years so probably 15m+Dowell is a good signing hopefully we get him and others out of contact. Can anyone see the link in the players we have been linked with they are all out of contract. Bisgrove is young and a bit of a dynamo. According to a Rangers International Football Club plc (RIFC) board statement it was forecast that the club would require 7.5m by way of debt or equity funding by the end of season 2021/22 in order to meet its liabilities as they fall due with a further funding of 0.4m required by the end of season 2022/23. 22 Apr 2023 19:10:23 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. In the club's last financial year, some 21m in loans was pumped in by investors which was used as working capital. Mr King's loan, which was agreed two years ago with his South African-based Laird Investments (Proprietary) Limited, was repaid last month along with the interest payments. 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. Was looking at the players out of contact in James Sands team, some top.. 19 Apr 2023 17:41:16 The total comprehensive loss after tax, player sales and finance costs were taken into account was 26m. Interesting to note Mccrorie a player dumped by gerrard could be going to.. 25 Apr 2023 16:59:15 To lighten it up a bit for a Fri and on the back of BigBens72 comment. Have read Beale wants butland, but due to a restricted budget is now looking.. 29 Apr 2023 17:25:23 Who made the decision not last.. 30 Apr 2023 09:39:27 Better.. 29 Apr 2023 18:02:25 MB must want players who are on the top of there game, not players who down tools to get their way. Are courts open on Monday its a Bank Holiday? 28 Apr 2023 06:19:44 David Grier, a former adviser to See it being reported I love people that can dig stig as i used too drive excavators and heavy earth moving equipment. The auditor said that in order to continue operations for the next 12 months RIFC is dependent upon raising additional finance to cover projected cash shortfalls in season 2021/22 and 2022/23. Past loans agreed with directors of the club including Mr King were set up interest free with the intention of converting them to shares in the club at a later date. John what's the good news from companies house. 22 Apr 2023 11:36:12 But I do wonder what will happen if that money is not there for any reason," he said. who replaces Wilson if he goes? Beale saying no QPR players under consideration. No and why would that be important. Last week Mr King moved to set the record straight after "confusion" over what he called the "club's recent incorrect statement" that a loan plus interest was repaid to 'Dave King' which came after he said he was committed to any funding being on an unsecured and interest free basis. No trnsfer fee but signing on fees and usually a big wage on a 3+ year contract. Gordon Parks answered your calls and there were a lot of angry Rangers supporters who felt their club were unfairly treated. How important is next Sundays cup semi to MB and his Rangers career? This site is protected by reCAPTCHA and the Google, This website and its associated newspaper are members of Independent Press Standards Organisation (IPSO). "Indeed, playing matches behind closed doors is likely to adversely impact the club by in excess of 10m in the current season. Who is actually funding all our outgoings at present? . Police officer get promoted I charge off station . 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". New goalkeeper.. 09 Apr 2023 13:58:41 Firefighter same waitress become bar manager That came three years after the clubs business under businessman Craig Whytes stewardship went into administration nine months after he took a majority shareholding for 1 while agreeing to take on millions in debt. One fans group source said there remains cautious optimism about the future despite the club's financial position and Mr Gerrard's move. Guys how confident are we going into this semi? . As a subscriber, you are shown 80% less display advertising when reading our articles. Data returned from the Piano 'meterActive/meterExpired' callback event. We are lucky at The Herald. Sakala not good enough to be.. 30 Apr 2023 16:16:50 Rangers total loss of 24.153 million was a sharp increase on the 17.462 million total loss they recorded the previous year. 60 pass goal. The bank is also under pressure from Wall Street to cut costs, and aims to cut another $1.5 billion of expenses in 2021, which will include laying off workers. I was expecting more.. 12 Apr 2023 10:10:32 Looks like we.. 24 Apr 2023 15:42:43 It is like a 5th sense I have. There's never any positives in defeat to them. Three years later the clubs losses were at 3.3m. Details of the taxman's secret strategy over Rangers emerged for the first time, as BDO, the liquidators of the Rangers oldco sue the joint administrators of the club Mr Clark and Mr Whitehouse for 56.8m saying a flawed cost-cutting strategy meant creditors lost millions from the handling of the clubs financial implosion. Heard a rumour from a friend on the south coast that Bournmouth are looking.. 07 Apr 2023 23:47:10 "I said that I was very concerned about the possibility of MCR being appointed as administrators. I'm saying he extended from 2024.. 17 Apr 2023 15:31:31 Newsquest Media Group Ltd, 1st Floor, Chartist Tower, Upper Dock Street, Newport, Wales, NP20 1DW Registered in England & Wales | 01676637 |. If and it looks helluva likely alfredo morelos is almost now finished his.. 07 Apr 2023 09:40:06 ", READ MORE:Rangers FC brand was not valued before being sold for nothing. We need that. Would any of our players get in the Celtic starting.. 10 Apr 2023 14:31:30 Arsenal considering move for Zenit winger Malcom? We are read by an informed, educated readership who can add their knowledge and insights to our stories.
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