Big Bobo's bunnet
Well-known member
They must be 30/40m down a season once you add up the soft loans and the losses. Mental.
Zombie films ain't as scary as the huns accounts!I'm just settling doon for a night of zombie madness, oh aye, and world war Z is on film four right now.
ยฃ3.5 mill for Helander !Once the journalists get to digest these figures they are bound to have the wreaths and coffins on the back pages....aren't they?
Whoever sanctioned that Kent deal may well have added the straw that broke the camels back
Ain't that the feckin truth H.Zombie films ain't as scary as the huns accounts!
Oh aye I'd forgot about him. They're fucked!ยฃ3.5 mill for Helander !
Look the Solution is obvious fellow Gullibillies..Aw we need is a Grand aff uze at the nxt hame game which is ยฃ50M based on 50k attending. I'm sure for the good of my pocke..ahem the good of the club I can rely on uze Stupid Bastar..ahem Good Ranjerks Fans to fullfill this request..Signed..Dave King..Ur Friend & Saviour!!
Criminal chairman,criminal board, criminal enterprise, apparently need another ยฃ10 mill+ from "somewhere" to keep them going for the rest of the season,that's excluding M.A,close bros and the rest! Chardonnay and Stella methinks!!!!
Cos' they're entitled TET, they are the "peepul" after all, and the whole of Scotland is beholdin tae them!I think someone suggested that certain wages are not in the accounts- no idea if thats true, if so though then they would be burning through even more money than their accounts suggest.
But fact they made massive loss for umpteenth year, last year, and this season expanded the wage bill even more as well as spending more so far than last year, and the accounts suggest they need extra influx of cash to get to season end, coupled with the potentially monster payout due to big mike, coupled with the cold shoulder from uk financial watchdogs
Surely they must be insolvent currently without another massive dilution of shares?
And is it legal to just keep fleecing emotionally unintelligent peepo with a vested interest to keep the charade on the road?
At what point is proper transparency demanded?
the fact they are in financial meltdown seriously effects their potential asset sales prices.
Thats exactly why Green got the assets of dead club for buttons.
Why does the financial situation of scotland current 2nd best team not worry the entire league and the SFA
Why are they permitted to run amok without transparent and properly audited accounts?
They don't do bad news very well Boab!Homunculus 1st November 2019 at 20:33
"At the time of preparation, the forecast identified that the Group would require ยฃ10.0m by way of debt or equity funding by the end of season 2019/2020 in order to meet its liabilities as they fall due."
They have just announced an ยฃ11m loss for last year and are already predicting a shortfall of ยฃ10m for this season.
That would explain Morelos being reported as wanting to go to the EPL, and the papers talking about it happening in January.
The thing is, they have also just announced that they need to sell. That does not make for maximising your income.
In other news, the good people on follow follow are currently discussing the positives from these results and how it shows the club is moving in the right direction.
Aye its TGM accountingHomunculus 1st November 2019 at 20:33
"At the time of preparation, the forecast identified that the Group would require ยฃ10.0m by way of debt or equity funding by the end of season 2019/2020 in order to meet its liabilities as they fall due."
They have just announced an ยฃ11m loss for last year and are already predicting a shortfall of ยฃ10m for this season.
That would explain Morelos being reported as wanting to go to the EPL, and the papers talking about it happening in January.
The thing is, they have also just announced that they need to sell. That does not make for maximising your income.
In other news, the good people on follow follow are currently discussing the positives from these results and how it shows the club is moving in the right direction.
Not enough Michael there still hereAn'there wiz me lookin furran excuse tae get pished the night! ! how much is that, the scumhave lost in the last 5 years!!!!!!!!