It is a quirk of fixture scheduling that the farthest Celtic travel before December is Edinburgh. Exerting travel, like last week’s journey to Bergamo, will not interrupt our preparations as we compete on three fronts in the week ahead.
The rest of Scottish football’s attention will be elsewhere when we take on Dundee at Celtic Park tomorrow, but focus will return to Glasgow for Saturday’s League Cup semifinal against Aberdeen, and for our Champions League game at home to Leipzig, one week from today.
The win at Motherwell was doubly welcome as it was an away game after an away European tie, statistically when teams are most likely to drop points. The other interesting dynamic is that our next two matches are against teams who are not practiced at playing two games a week.
While Celtic coasted to a win at Motherwell, Dundee had a battle against St Johnstone before losing to a 90th minute goal. Celtic Park tomorrow is Dundee’s first midweek game since July. The same is true of Aberdeen. They also went to the last kick of the ball against Dundee United at the weekend, will doubtlessly have an engaging tussle tomorrow, before pitching up to face the Champions on Saturday.
We have the bigger squad and playing two games a week is our norm. Let’s make the most of the scheduling quirk and arrive for our next Champions League tie in top condition.
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This is what the auditors said in the main body of the Ibrox Annual Report which showed a £17.2m loss.
*adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us.
*the parent company financial statements are not in agreement with the accounting records and returns.
*certain disclosures of directors’ remuneration specified by law are not made and we have not received all the information and explanations we require for our audit.
So perhaps the £17.2m is not the full story. HH
How much have they lost in their 12 years?
The dons are doomed
“Rangers’ annual accounts highlight a “record core revenue of £88.3m, record total Income of £94.2m” and “record commercial revenue of £67m – double digit growth”.”
https://www.bbc.co.uk/sport/scotland
Check out the BBC Scotland headline
Just switched on to see Leipzig 2-0 up against St Pauli after 18 minutes.
Good old Shortie, always trying to put lipstick on a pig when it comes to reporting anything to do with the huns.
Leipzig now 3-1 up.
Rangers will take out another £4million loan from investors – and have agreed to borrow a further £9m on top of that.
Borrow borrow,we will borrow millions….
. BADA BING!! on 29TH OCTOBER 2024 5:10 PM
How much have they lost in their 12 years?
———-
Indeed – someway north of £100m.
Who is underwriting these amounts and what are they expecting in return?
It seems that this is a company that experiences no pain as it loses money hand over fist, year after year.
How do they do it? What is their secret?
Will there be a ‘crunch’? If so when will it come?
The laws of accountancy are being defied.
https://x.com/scotlandscoeff1/status/1851311823703982132?t=FUyzW6VUCnOKqgw2lFvAjw&s=19
couldn’t work out is whether or not the headline is a + or – BD
Darwin – as I’ve said before, the equity in that company is practically worthless. It has option value only i.e. it would have value if they somehow found themselves invited to join the EPL or a European super-league, which are low probability events.
I’m guessing those who have loaned them money (debt) will have some form of security in the event it can’t be repaid. Those who have participated in “share issues” (bought equity) have effectively given a donation.
If I can be bothered I may read through their accounts later.
They got hampden for £67k
leftclicktic on 29th October 2024 5:50 pm
They got hampden for £67k
Was that rental charge?
See Adam Idah’s nasty injury after that “tackle” has him sidelined possibly missing a few games after scoring his fourth on Sunday and good to see him back in the goals. Remember champion jockey Ruby Walshe saying he prefered rugby to GAA or soccer because you can see the hit coming and Ruby has had more injuries than hot dinners.
They played four games at Hampden, at around £17k per game?
What login nonsense
STV News? Not a mention in the intro highlights.
Warms the cockles oh the heart so it does.
Ave Ave
BADA BING
How much have they lost in their 12 years?
https://x.com/agentscotland/status/1851316722206171545?s=48
Both Petrofac and Petrofac cup winners going down the pan.
Motherwell scummy b@stards – Idah requires scan
Thanks- any of the financial guys tell me why they are not trading insolvent?
Bada
As long as they’re paying their taxes and creditors then they’re solvent. Where the money is coming from is another question.
Cant imagine Face painters will be queing up.😀
BBC Headline for anyone not wishing to click the link is:
Rangers ‘free of litigation’ as they post £17.2m loss
Ant the opening paragraphs keep the feel good factor going;
Rangers are “free of any litigation claims for first time in over a decade” as they posted a £17.2m loss despite what the Scottish Premiership club say are record revenue and income figures for the year to June.
The Ibrox club in August settled a dispute with the administrators of sportswear brand Elite Sports Group Ltd in a row over their Hummel brand kits.
Rangers’ annual accounts highlight a “record core revenue of £88.3m, record total Income of £94.2m” and “record commercial revenue of £67m – double digit growth”.
———
Deflect, deflect, deflect.
Quick calc puts their losses at about 125m since their founding
They have still to pay Tribunal fee for Barron, which will be about 20k now
And ….. no mention in BBC Scotland headlines either! They’re hurting!
Ave Ave
Some comments over on FF;
“For all the board take absolute pelters, they have done well to steady the company.”
“Better than I expected, should look even better next year.”
“Our revenue is up across the board. Do keep up. One player sale and the “debt” is wiped out.”
“
Hun finances remind me of the famous Dianne Abbot quote when she was going to borrow a load of money and pay off all our debt.
Not long before that scum go tits up for eternity
KINGLuBO
Prestonpans bhoys on 29th October 2024 6:00 pm
“They played four games at Hampden, at around £17k per game?”
– – – – –
As these accounts are up to June 2024, the Hampden costs for hiring the ground should be in next year’s accounts, no?
brilliant deniabhoy
DENIABHOY on 29TH OCTOBER 2024 6:40 PM
Some comments over on FF;
“For all the board take absolute pelters, they have done well to steady the company.”
“Better than I expected, should look even better next year.”
“Our revenue is up across the board. Do keep up. One player sale and the “debt” is wiped out.”
—————
They see only the tip of the iceberg. It was always thus stretching back to Murray.
There are never any pertinent questions from the media – never any projections on future viability floated.
“Free of litigation” is the clarion-call – at what cost? Lke someone who celebrates quitting alcohol by becoming a heroin addict.
DeniaBhoy on 29th October 2024 6:53 pm
Forgot about the cut off date, no idea what the £67k is for then.
Pah pah pah pah pah pah pah pah pah pah pah pah pah pah pah ———————paaaaaahhhhhh 🎺🎺🎺
Meanwhile, having dismissed today’s 17 million losses as irrelevant, Lenzie Loyal over on FF says about Lennon Miller:
“A potential superstar and future captain of Scotland currently plying his trade a mere 16 miles along the M74 from Ibrox, this boy’s going all the way to the top.
If we’re serious about winning trophies and challenging Celtic for the league title then we’ve got to do everything in our power to bring him to Rangers.
Speculate to accumulate. This kid will go for eye-watering amounts of money a few years from now.
Find a way!”
You got to love his optimism :)
So much for that chancer Stuart Reagan saying after huns post liquidation, that the SFA would be keeping a tighter governance of club’s finances
Meanwhile, having dismissed today’s 17 million losses as irrelevant, Lenzie Loyal over on FF says about Lennon Miller:
“A potential superstar and future captain of Scotland currently plying his trade a mere 16 miles along the M74 from Ibrox, this boy’s going all the way to the top.
—
maybe they spent the 17 million building an extension of the M74 from tradeston to ibrox?
You really have to wonder at the,Staunchness/Stupidity,of these investors.We had the Media telling us that wee Billy Mc Whiskey was maybe up for a chance to pap his hard earned in the general direction of the nearest Black Hole.What possesses them?.You can buy Brown Brogues,and Blue Suit for £200,and avoid going to watch them.How much better off are you?.In pocket and in sanity.
” Never give a sucker an even break”