Sevco at half-off

What's happening wae Big Mick A & DK though they wur back in court this month, plus Hummel must be getting ready tae milk the Orcs for cash again, new strip or 3 coming shortly oot Ibroxes way. Aye mibbie they'll hae an Orunge wan fur THE PEEPUL
 
What's happening wae Big Mick A & DK though they wur back in court this month, plus Hummel must be getting ready tae milk the Orcs for cash again, new strip or 3 coming shortly oot Ibroxes way. Aye mibbie they'll hae an Orunge wan fur THE PEEPUL

Not sure if this helps TT but over on another site, assumptions been made that Peter is been robbed to pay Paul.

John Clark 25th May 2019 at 13:29

Cluster One 25th May 2019 at 10:13
'…From Phil’s latest…'
====================
In the interests of strictest accuracy, I have to make this observation:
A look at Companies House records shows that:
28.07.14 Rangers FC Development Fund Ltd adopted new Articles of Association
"Article 2 –Objects of the Company
2.1 the Company's objects are
a) to carry on business to promote a good cause namely the objects and activities of the Youth football programme….. etc etc
b) any other trade or business which may seem to the company and its directors to be advantageous and to directly or indirectly enhance all or any of the business of the company.
2.2 Notwithstanding Article 2.1 the Company's objects are unrestricted"
These Articles appear to allow the (now) Rangers FC Youth Development Company Ltd to do what they like with the money they get via Rangers Pools Ltd!
The following might be of some interest.
31.07.14 Accounts show Net liabilities £59,413
Reserves: Deficit on current a/c £59,413
Auditor's report says " ..the company's subsidiary undertaking, Rangers Lotteries Ltd …….has also confirmed to the Company that it will provide such financial support as is required …The company's financial statements therefore continue to be presented on the basis of a going concern.."
09.07.15 The name of the Company was changed to Rangers Football Club Youth Development Company Ltd.
31.7.15 Accounts show Balance Sheet net liabilities £18,923
Reserves deficit £18,923
31.07.16 Accounts show: Donations received ……………………. £208,140
Surplus before disbursements …………. £199,865
Disbursement to The Rangers FC Ltd….. £161,908
Surplus for financial year ………… £37,897
31.07.17 Accounts show surplus £195,740
disbursement to TRFC Ltd £180,000
31.07.18 Accounts show surplus £321,260
disbursement to TRFC Ltd £321,260
It would seem that the money brought in to the Youth Development club goes straight into the common purse and is not in any way ring-fenced for 'youth development'.
An 'emotional' appeal to help 'Youth Development' possibly works better than admitting that the club hasn't all the brass it needs to fix the roof and meet all its other commitments.
 

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