Gers in Profit

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Sounds like a deal Zachs, although, I'm wary of selling Garner. I think that guy is gonna come good for us long term.

Ah, you gullibillys are a hoot.

As far as i can see operating profits are up because the club was promoted. Not sure how dave king gets the kudos for that...

At present rangers can live within their means at their current budget provided the loans do not need repayment. This tells me that you cant invest in the squad beyond your current position unless you sell. Now thats fine - 1 in 1 out is how many clubs operate - it just wont get you close to us at the moment.

Also i didnt look through the accounts in detail however the comment mwntioned amortisation of contract. I assume (happy to be corrected) that the p and l will take a greater hit next year to reflect this (capital spend of what 2.5m maybe?)

Smoke and Mirrors.

Correct simon

Now about that bet. ......

comment by simon_bhoy - standing unseen right in front of... (U16215)
posted 2 hours, 40 minutes ago
As far as i can see operating profits are up because the club was promoted. Not sure how dave king gets the kudos for that...

At present rangers can live within their means at their current budget provided the loans do not need repayment. This tells me that you cant invest in the squad beyond your current position unless you sell. Now thats fine - 1 in 1 out is how many clubs operate - it just wont get you close to us at the moment.

Also i didnt look through the accounts in detail however the comment mwntioned amortisation of contract. I assume (happy to be corrected) that the p and l will take a greater hit next year to reflect this (capital spend of what 2.5m maybe?)


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Try as you might to paint a real dark picture but this is excellent results, compare it to the period before the current board took control , yes the gazebo years under Ashley , somers and the easdales , we were carrying a £5m debt to Ashley who was forcing us to take more and wanted the badges and crests, with no prospect of any profit but massive loses, give some credit where it's due

Even if it's " aye no bad for a liar"

Simon another point is you talk about our current year, when a set of accounts are released you can't bring in your current year it's illegal, ask Tesco

Im not saying its bad laudrup although clearly you are carrying more debt than you ever did to ashley. It shows an underlying business that can , if loans do not require to be repaid (either capital or interest) operate at its current level. Expansion will need further significant investment and given the low operating profit you could not service that if it was in the form of loans. Besides anything else, your cash balance held would drain away at an alarming rate (i think your current cash is probably your biggest issue in any case).

You will note i did not mention current year at all. I dont think you fully understood my point regarding amortisation (its ok not to know what things mean - i know nothing about, for example, vetinary science). It was merely a word of caution that replicating or improving the operating surplus next year is made more difficult as a result.

As you dont have a business plan available its tricky to see what the strategy is for sustainable growth with such fine margins. Price increase, operational efficiencies and new markets would be the obvious - its really whether the tight margin plus the 1st 2 above are sufficient to manage the peak debt points during growth.

But you knew that

comment by Gingernuts (U2992)
posted 2 hours, 21 minutes ago
Correct simon

Now about that bet. ......
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Is this your 1st pass at a negotiation ginger...