Rangers Then, Sevco Now, Scotland's Shame Forever....

[Devanha Red]

Reading elsewhere that the SevCo accounts to June have been released and they still need another £10 million to see them through till the end of the season.
A £5M loan has been agreed with Repayment due in October 2021 with the remaining figure required to be determined depending on results in Europe etc.

I think the Sports Direct recent legal win for the Hummel sports deal have still to be announced as well.

Riding high in the league. Flying in the EL group stages. Top class management team. Attracting a very high calibre of player. Massive crowds.

They're going nowhere so can we please drop all the ****ing over spreadsheets. Leave that pish to the tims.

[Devanha Red]

A few additional "highlights" from me

-They lost £11M last season on sales of £53M (mind blowing stuff)
-Anyone who thinks that sevco doing well in Europe is an idiot - they had £14M of income from Europe last season
-Their wages bill was £34M (compares with our bill of £9M)
-They have converted £34M of cash put into sevco from debt to equity (basically shareholders have in effect written off their chances of ever getting that money back - unless they sell sevco)
-They had a net spend of £6M on transfer fees last season

Hopefully that'll shut him up. Huns are back with a bang and sadly they're back for good 😕

[KIWIRED]

Oh dear
More shocking news revealed and buried on a Friday night for SEVCO

The Glib and Shameless Liar ( Criminal Chairman ) thinks it all going so well nothing to worry about

Thats 65 Million pounds of debt accumulated since 2012 every year a substantial and increasing loss

Big Mikes multi million invoice still to hit the Iprix accounts and a possible law suit from the Danish strip maufactuer plus no mention of the 7 million wasted on Ryan Kent

Fair Play Rules - Over to you SFA / UEFA

Tick Tock

[Devanha Red]

Oh dear
More shocking news revealed and buried on a Friday night for SEVCO

The Glib and Shameless Liar ( Criminal Chairman ) thinks it all going so well nothing to worry about

Thats 65 Million pounds of debt accumulated since 2012 every year a substantial and increasing loss

Big Mikes multi million invoice still to hit the Iprix accounts and a possible law suit from the Danish strip maufactuer plus no mention of the 7 million wasted on Ryan Kent

Fair Play Rules - Over to you SFA / UEFA

Tick Tock

Wise up 🤣

[afc1903mad]

Wise up ��

Come on JT, I was expecting you to try and make a better defence of it than that.
Maybe you can’t though

[fairliered]

Maybe the wee baldy Alford mason will lend them the money, given the importance he attaches to a strong Rangers.

[RedStarTorphins]

Maybe the wee baldy Alford mason will lend them the money, given the importance he attaches to a strong Rangers.

He was coming out with his tedious, subservient “hopefully we’ll be challenging for 3rd come the end of the season” pish on the very day we were opening our training complex.
What a f ucking bell end.
We need shot of this absolute clown

[Devanha Red]

Come on JT, I was expecting you to try and make a better defence of it than that.
Maybe you can’t though

I hate Rangers. I wanted Rangers to die. They were let off the hook and survived. Thanks Milne et al.

All this wishful thinking stuff just makes us as a fanbase look daft. It's tiresome and embarassing.

The Huns are going nowhere apart from getting even stronger. That's the facts.

[kb_don]

I hate Rangers. I wanted Rangers to die. They were let off the hook and survived. Thanks Milne et al.

All this wishful thinking stuff just makes us as a fanbase look daft. It's tiresome and embarassing.

The Huns are going nowhere apart from getting even stronger. That's the facts.

That's it Jim. Keep rearranging the deckchairs. Meanwhile the grown ups will discuss things objectively

So:
2017 £6.7m loss
2018 £14.3m loss
2019 £11.3m loss

Total loss in 3 year period = £32.3m
Quick intro to FFP rules here: https://www.bbc.co.uk/sport/football/29361839
In short, maximum permitted losses over 3 year rolling period is £25.5m if you want to play in Europe

Is it just me that sees the potential problem here?

[afc1903mad]

^^^
You don’t like facts and choose to ignore them