contact the editor here. In the past, the journalists job was to collect and distribute information to the audience. "The hardened position of the SA authorities to investment in the club reinforced the timing of my decision to step down. RE. 23 Apr 2023 19:33:36 If you continue to use this site we will assume that you are happy with it. Yesterday we controlled and dominated a game where the result was never in.. 02 Apr 2023 13:00:11 26 Apr 2023 07:20:10 simply we need a new 3.1 up top. In February 2019, it was announced that Ramsey would move to Italian club Juventus in the summer. 24 Apr 2023 11:57:58 As a subscriber, you are shown 80% less display advertising when reading our articles. 28 Apr 2023 06:19:44 "This resilience, together with a burning ambition, has, once again, been underpinned by significant investment from our directors and shareholders. That will please a lot of people. The financial collapse on February 14, 2012, followed months of speculation over the Glasgow clubs balance sheet. The Scottish Premiership team had made a small pre-tax profit the previous year, which resulted in a total loss of 368,000. When the current board wrestled back control of our club, I viewed this as a ten-year project. So do you think there will be any surprises in team for Sunday or formation.. 24 Apr 2023 09:33:09 Concede a comical goal Former Rangers stadium announcer blasts Ibrox liquidation payouts after losing 1550. city, Newcastle utd, Barcelona and Real Madrid and most other clubs in Europe, to shut the door on that is lazy, creative accounting for your spendature is an art in itself, get in the right people it can be done . 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. Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football. Beale? The concern comes because the precise level of funding required for the club going forward was not clear. "I thought that we should maintain a consistent line there, and the perception of what HMRC was doing is something that needed to factor into any decision making.". Surely we can't give Jack another deal out for another 4 weeks, certainly.. 22 Apr 2023 14:27:12 WebWorst 2021 Ford Ranger Problems #1: Weak Shock Absorbers 2021 Ranger Average Cost to Fix: N/A Average Mileage: 0 mi. Readers comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. The A to Z of Rangers Banter Years featuring bushes, hedges and throwing shapes. Alfredo Morelos transfer latest as Rangers striker's long-term admirer 'reactivates' signing interest. 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. Interesting to note Mccrorie a player dumped by gerrard could be going to.. 25 Apr 2023 16:59:15 National World Publishing Ltd. All rights reserved. That is a rise of 6.6m on the previous year. If that's true then we're paying over the odds no1 should be on 45k a week playing in the spl. He said he was approached to consider an extension of the loan period to assist with the future funding of the club but said that it was too late to get approval from the South African authorities to extend the upcoming due date. Who made the decision not last.. 30 Apr 2023 09:39:27 The condition in which our club was left cannot be underestimated. . Paper Subscription to the Daily Record and Sunday Mail, Paper Subscription to the Paisley Daily Express, 2023 Scottish Daily Record and Sunday Mail Ltd, Nicolas Raskin Rangers injury return timeline emerges as midfielder faces Celtic race against the clock. 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. Billy Gilmour has never.. 29 Apr 2023 23:05:58 "At that stage, the EBT case against the company was a crucial lead case for us because we had a number of other cases across the country that were falling in behind it. Alegria leaves rangers. Accordingly the board continued to adopt a "going concern basis". 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". The Longstaff brothers? Ability doesn't go up and down with their value. Park who stepped up to replace Dave King as chairman earlier this year has already succeeded in winning fresh investment in recent weeks, with Japan-based businessman Stuart Gibson ploughing 8million into the club last month. "Covid-19 has brought with it the severest of strains to all of our business and personal lives. The same day in a call with Deloitte, who HMRC were lining up to act as joint administrators, Mr Baird said he reiterated the taxman's "wish for the administration to lead to a liquidation of the company and the sale of the trade and assets to a new company (newco) so that an investigation could be carried out by a liquidator of events in the company leading up to the rise in HMRC debt". 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". A report by liquidators BDO shows a HMRC bill has dropped from an estimated 94m to around 67m. someone asked if alfredo morelos should start at hampden, I've just watched.. 28 Apr 2023 13:42:30 that's some war chest bears right? The last edition ran April 17, while the next edition will be published May 15. Whats the big court case coming up. Last years 17.4m loss had itself gone up 6.3m from the previous year amid what the club called the economic storm of the Covid-19 crisis. Under SG we went out and got the players he wanted not ones how were available. If you.. 13 Apr 2023 06:52:50 "If you think about the IPO markets, generally, it's a lot of tech companies that can show 40%, 50% growth year over year," says Eric Fisch, who heads retail lending for HSBC. Mr Baird did accept that there were eventually some "differences of opinion" among the different teams within HMRC about whether a CVA might be an outcome that would suit them. Rangers will hold their annual general meeting at the Clyde Auditorium in Glasgow at 10.30am on Tuesday, November 30. That's a difficult one this season so many candidates,.. 24 Apr 2023 05:55:16 26 Apr 2023 22:57:37 "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. Out goalie was done years.. 30 Apr 2023 15:48:23 Fox News Tonight will replace it on an interim basis. Looks like Loris Karius is leaving Newcastle at the end of.. 24 Apr 2023 14:33:12 Quite a few Decisions were made today as we look at 5 Old Firm games and not.. 30 Apr 2023 18:33:08 Does anyone know when Hagi contact is up? It comes as concern surfaced that a 5m loan from former chairman, Mr King and still Rangers biggest single shareholder has cost the club 832,000 in interest payments. Bain was left stunned as he stood in New York while being relieved of his Ibrox duties. I still think MB must be given a chance to bring in his own players, but I.. 30 Apr 2023 15:47:23 Ask yourself this. cantwell.. 30 Apr 2023 15:41:42 In the first of the Paul Murray Diaries, the former chairman opens up to the Record about the financial crisis which rocked Ibrox. 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. It's obvious our team is not.. 09 Apr 2023 10:08:11 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 Editors' Code of Practice. Looks like we.. 24 Apr 2023 15:42:43 The case comes nine years after the Craig Whyte-controlled Rangers business fell into administration and then liquidation leaving thousands of unsecured David Whitehouse and Paul Clark, of Duff & Phelps, were subjected to criminal proceedings. Stormtrooper if you look at my post above you will see I mentioned signing on fees and 3+year contract and I forgot agent fees, so I know they are not free. Today Heart of Midlothian PLC published its Annual Report for the year ended 30th June 2021 In a climate where lock-down constraints and the absence of fans would have a huge impact on all income streams, the Board agreed a Financial Plan for Year 20/21 which anticipated a significant drop in revenue and a financial loss across 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.". This is now a perfect chance too use mcrorie in the rest of the league games.. In its 'going concern' section, the report notes: "At the time of preparation, the forecast identified that the Group would require 8.8m by way of debt or equity funding by the end of season 2020/21 in order to meet its liabilities as they fall due with further funding of 14.4m required by the end of season 2021/22. If you have a complaint about the editorial content which relates to 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. 10 August 2021 Rangers Steven Gerrard has issues to deal with at Rangers For the first time in 10 years, Scotland began the season with two clubs in the Champions League. Monday passed Mr Baird said the debate was "do we take the money up front via a CVA on the premise that there may be no recovery by a liquidator after costs etc, or do we go for a CVL [liquidation] and hope that the recoveries were higher?". So, it looks like we nearly have our man, J Butland as our next keeper?! This site is part of Newsquest's audited local newspaper network. "We could have done that, but I guess it depends on the terms of the CVA, you know, just to rule it out is not an option. As for financial fair play! Bloody hell, the 3 players we are linked with are all freebies. Ed's any information on if Morelos is really getting looked at by some epl.. 05 Apr 2023 08:50:43 Another 8.5 million in loans has been received since then and Rangers have confirmed they require further loans of 7.5 million by the end of this season to meet their financial obligations. WebRangers have reported a 23.5m operating loss for last season in their annual accounts. Who is the guy that talks fast in commercials? 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. David Grier, a former adviser to It came after Mr Ashley, the former Newcastle United supremo, who in 2015 had a near 9% share in Rangers, gave the club money to help them remain solvent - but it came with a string of conditions - which also included the right to shares in the Rangers Retail merchandise company, which meant he had control. Ryan Jack hopes to build on Scotland success with Rangers title, Man City 'set to open contract talks with Erling Braut Haaland'. My positives from game today is some won't play for us ever.. 30 Apr 2023 20:55:04 Luis Palma, Honduran at Aris being scouted. 28 Apr 2023 09:34:49 The Rangers have offered season-ticket holders the option to request a refund on the few homes games that were left before play was suspended due to 20 November 2020 Rangers. You can make a complaint by using the report this post link . I'm reading that Kent will be leaving when his contract expires, Burnley are.. 27 Apr 2023 16:22:23 who would, we.. 23 Apr 2023 14:03:54 who replaces Wilson if he goes? "If we have people in the boardroom willing to put in the money, then I would hope that we would be okay. No willock and, more.. 24 Apr 2023 10:46:43 But they would need to buy out others then rangers dont get that money the shareholders selling do "What the supporters want is success on the pitch, and that has been delivered, but there is always that nagging question in the back of the mind about the price paid for success, that led the club into administration last time round. "This is a club which has experienced some of the darkest days that any football club can endure. It appears Robeertson sold his shares to 1872. Just a simple heads up for the MB fans .6th Old Firm game as manager and.. 30 Apr 2023 15:41:08 I'm saying he extended from 2024.. 17 Apr 2023 15:31:31 Are you sure you want to delete this comment? But he controversially helped fund his takeover by setting up a loan in advance from London-based investment firm Ticketus against rights to three to four years of future club season ticket sales in a bid to raise 24 million and pay off bank debt as part of a share purchase agreement with Sir David. In the past, the journalists job was to collect and distribute information to the audience. But he said the club did not take him up on his offer. READ MORE:Rangers administrator insists valuing club brand was 'waste of money' after 'being worth' 16m. If the.. 21 Apr 2023 15:20:42 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. And with supporters still barred from entering stadiums across the country due to Covid-19, Rangers chiefs acknowledge there remains uncertainty over the club's financial picture as they face up to months still without vital matchday revenue streams. Even you must admit it would be a advantage to have experience of the job you have been promoted to. Or by navigating to the user icon in the top right. This rangers team needs ripped up and started again. 11 goals conceded in 4 matches against Celtic is nowhere near good enough and.. 02 Apr 2023 07:23:35 We are read by an informed, educated readership who can add their knowledge and insights to our stories. 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. Your a financial guy but wouldn't want you to do open heart surgery on myself or anyone else. No and why would that be important. It's something that administrators would have to look at. Stig I think you r reasonable accurate on both players weekly salary. Coronation Street actress Barbara Young dies aged 92, Nurses strike continues: Major disruption for NHS services in England, Additional flight to evacuate Britons from Sudan today, Ryanair cancels 220 flights over May 1 bank holiday due to strikes, Hardcore coronation fans already camped outside Buckingham Palace, One dead and seven injured in Cornwall nightclub knife attack. heraldscotland.com is tackling this problem by allowing only subscribers to comment. Looks like clubs are going to insult Rangers yet again with a very cheeky.. 19 Apr 2023 15:04:53 We use cookies to ensure that we give you the best experience on our website. Heard a rumour from a friend on the south coast that Bournmouth are looking.. 07 Apr 2023 23:47:10 READ MORE:Rangers administrator denies Craig Whyte was 'calling the shots' in 5.5m Sevco sale. The 22-year-old former Standard Liege ace was forced to withdraw from Belgian Under-21 duty last week after missing Rangers win over Motherwell with a thigh strain. I always come up with good ideas. Iom you do realise players that are free still cost money and arent actually free. To lighten it up a bit for a Fri and on the back of BigBens72 comment. lost of form, attitude, asking too much money injury prone. If you are dissatisfied with the response provided you can 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. Why play Kent and Buff? Well not before time there will be a clear out. "I said that I was very concerned about the possibility of MCR being appointed as administrators. MB must want players who are on the top of there game, not players who down tools to get their way. The deficit for the year to June 30, 2021 was more than 7.5m bigger than the 2019/20 Sunday is make or break for many of our squad and also MB no soundbites keep.. 26 Apr 2023 20:06:49 The club also received 3.2m of public money allocated by Scottish Ministers, as part of the Premier Division Support Fund on an interest free basis repayable over a period of 20 years. just a small number of players who, have risen from smaller clubs outside the.. 20 Apr 2023 15:30:15 28 Apr 2023 22:20:33 Another black mask against the manager today for me. 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 Learn More #2: On Cooler/Cold Days, Gas And/Or Are you sure you want to delete this comment? 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 Rangers' tax bill slashed by more than 5m as firm continues fight against HMRC. The club believes the loan is considered to be "below market rate". And he said that the South African authorities would not allow the loan to be made without it attracting a market-related interest rate. And it came less than a year after Craig Whyte bought Sir David Murrays majority shareholding for 1. 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. Better.. 29 Apr 2023 18:02:25 "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.". The tin hat is on, and I'm ready for the onslaught. Heard today at a work meeting that Kent will sign a new deal but will be sold.. 21 Apr 2023 00:06:27 The following day Mr Baird said HMRC colleagues stressed the need for an exit from the administration into liquidation to "allow an investigation into how the company had been run and HMRC's debt build up". After sat what's the consensus on Raskin and Cantwell? 24 Apr 2023 10:58:44 Apparently, Rangers representatives at Roma v Udinese match last week and are.. 18 Apr 2023 11:00:37 First time post guys, not everyone will agree but what is all the hype.. 29 Apr 2023 15:11:10 If you are dissatisfied with the response provided you can For all the years I.. 25 Apr 2023 06:51:47 In the club's last financial year, some 21m in loans was pumped in by investors which was used as working capital. "I think the concern we had was a risk of conflict and therefore whether that make a CVA more likely. What is another way of saying go hand in hand. No wonder u get stick in tob. Firefighter same waitress become bar manager cantwell and raskin were in they're first of game, they had big earners right.. 06 Apr 2023 00:50:55 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. 29 Apr 2023 06:13:51 That was superbly put three cheers . Yet, painstakingly and with unerring resolve, we have rebuilt and we will continue to do so. Editors' Code of Practice. 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. Hope this is rumours we want shankland, pay 3/ 4m for him not a chance and go.. 01 Apr 2023 19:32:42 Rangers total loss of 24.153 million was a sharp increase on the 17.462 million total loss they recorded the previous year. contact IPSO here, 2001-2023. Today, we consider that prognosis to be accurate.". Reports that Rangers have been overcharged by the taxman have been reacted to angrily by fans and club legends. 25 Apr 2023 18:14:28 HMRC said today it was "pleased to have reached a settlement with the liquidators to recover" 56million. #CelticFC 5.3m debt is second largest in Scotland, but a long way below Rangers 19.3m, which would have been even higher without the club from Ibrox converting 34.3m of loans into shares in last 2 seasons. Are courts open on Monday its a Bank Holiday? See it being reported Despite being unable to attend games, however, Rangers supporters still provided 17 million of income for the club with a record number of season ticket sales. "We don't have the backing of any billionaire. "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. Are Glasgow Rangers in financial trouble again? "I think we are in a somewhat better position today than I had envisaged but there is much work to do. Ally McCoist reflects on pain of Rangers staff losing jobs but insists he'll always love club. Seems weird but at our budget level often now the better players are free. That figure is a 4.3m increase on last year's losses and comes after the 2019-20 season had to curtailed early in March because of the pandemic. The club was placed into administration on Valentine's Day 10 years ago and at least one director saw the iceberg coming. Someone just dropped a post on a Rangers page about Robertson leaving and.. 26 Apr 2023 15:03:39 Malicious prosecution of Rangers administrators deserves public inquiry, says former Lord Advocate, The botched prosecution of two men working on behalf of the Ibrox club ended up costing the taxpayer at least 24m in an episode described as a "stain" on Scotland's justice system, Ex Rangers administrators get apology from Scotland's top law officer, Holyrood opposition MSPs said the series of events were a 'dark stain' on Scotland's justice system, Firm used by Craig Whyte to help businesses walk away from debt being wound up. 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. In reply to someone questioning Morelos European goal scorer record compared.. 27 Apr 2023 23:42:15 We need to find revenue in ways we as fans are not being mugged off. Not to get apocalyptic about it, but when a society fills up with so many problems that they Celtic Football Club has reported a post-tax loss of 12.6m last season, as the pandemic and reduced transfer income hit home. 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. At that point the Castlemilk-born Rangers fans Laird Investments company was quoted as providing loan facilities to meet a predicted shortfall in funding for that financial year and further amounts that may be required. Craig Whyte was a Rangers wolf in cheap clothing as Paul Murray reflects on 'slow motion car crash' at Ibrox. Starting a new post as my reply to the comments on my original post about.. 14 Apr 2023 19:39:26 James sands saying the SPFL did not challenge him??? Tilman will cost 5.. 28 Apr 2023 15:53:27 Time to remove the.. 30 Apr 2023 21:24:16 22 Apr 2023 19:10:23 I'm told today that hearts, hibs, st. mirren and motherwell, all want/.. 30 Apr 2023 11:14:46 The club has already sanctioned a seven-year 5.25m loan facility provided by a lending group of shareholders including club vice chairman John Bennett and non-executive directors Julian Wolhardt and Alastair Johnston.
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