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Prahakillie

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4 hours ago, Prahakillie said:

Another cracker in today's Record Hotline: 

The debate over the return of the Rangers tax case rumbles on.

“It didn't take long for the anger towards Rangers to seethe back to the surface. As the old saying goes: there are none so blind as those who will not see - especially if it does not fit their hate filled agenda.

“The angry mob continually fail to see that if Rangers' tax bill really was only £20 million, there would have been no Craig Whyte, no administration and no expulsion from the SPL.

“Rangers, as a company were turning over more than £50 million per year and had multi-million pound assets (as well as 49,000 fans every home game) and could comfortably have covered a £20 million tax bill.

“Those assets included international players in their prime, worth more than £50 million at that time and Murray Park was also owned by the club. Also, Sir David Murray offered £10-£12 million as a settlement, which was rejected by HMRC - unlike several Premier League clubs whose offers were accepted. But let's not allow evidence to get in the way of enmity.”

 

so why didn't he offer the £20 million?

If they could easily have paid 20 million they could have offered to pay back the 40-50 million over a period of time. Buy they weren't interested in any solution that would involved tightening their belts and living within their means.

"Rangers, as a company were turning over more than £50 million per year and had multi-million pound assets (as well as 49,000 fans every home game"

which makes it all the more remarkable that they were in such financial trouble. They are almost in a similar position now and still failing to balance the books. 

 

 

 

Maybe thats why they want to keep the Non Proven verdict in Scotland

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7 hours ago, Prahakillie said:

“Rangers, as a company were turning over more than £50 million per year and had multi-million pound assets (as well as 49,000 fans every home game) and could comfortably have covered a £20 million tax bill.

“Those assets included international players in their prime, worth more than £50 million at that time and Murray Park was also owned by the club. Also, Sir David Murray offered £10-£12 million as a settlement, which was rejected by HMRC - unlike several Premier League clubs whose offers were accepted. But let's not allow evidence to get in the way of enmity.”

so why didn't he offer the £20 million?

 

By this point, David Murray had gone from boasting that they would spend £10 for every £5 that Celtic did to syphoning funds out of the club to bolster his own failing companies. £20m would've been accepted right away - offering less would buy him time to shift the blame.

Enter Whyte & Green, the perfect stooges...

Source? A former Rangers Security Security Chief, who is friends with my father...

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8 hours ago, awc279 said:

By this point, David Murray had gone from boasting that they would spend £10 for every £5 that Celtic did...

That's what you can do when you don't pay tax. 

But apparently it doesn't give you any competitive advantage. 

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On 11/18/2019 at 8:14 AM, Prahakillie said:

That's what you can do when you don't pay tax. 

But apparently it doesn't give you any competitive advantage. 

Too much to expect the Record to understand the difference between turnover and profit. If you have sales (turnover) of £50 million and costs of £70 million, you DON’T have £1 million let alone £20 million to offer unless you have retained profits from previous years (yeah right!). Oh, and the 49,000 who attend every game are part of the turnover.

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Dave King is to step down as the chairman of Rangers next year after four-and-a-half years at the helm.

Major shareholder King made the announcement at the club's AGM in Glasgow.

The South Africa-based businessman was one of the leading figures in taking control of Rangers in 2015.

He will continue to support the club as a shareholder and in negotiations with retail partner Sports Direct.

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I'm sure the figure of £20 million was scarily the amount they owed at the time, so as the debt level has now increased i'm sure this un-named Chinese super league team will offer that amount... 

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a few decent results on the pitch has seemed to push a lot of the financial issues to the background - again --they do seem from the figures to be going through a fair wad of funds ----and asking again for more via yet another share issue 

would not be too surprised if by the summer their Manager and couple of the better players also "walk away" ....to better things 

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The Cold Shoulder effectively stops Rangers having financial relationships with anyone, so that is why he has to step down.

None of that will be mentioned in the press, of course. It also, conveniently for him, means he blames whoever comes in when they go bust. Again.

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2 hours ago, historyman said:

Morelos will be sold to Premiership strugglers in the January window. 

Everton, West Ham, Southampton, Villa or Newcastle I'd say!

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9 minutes ago, Pompey Exile said:

Can you just have as many share issues as you please?

Your money would be better invested in posting your bank card, with the PIN number written on the back, to a random address in Nigeria.

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Rangers' women's team should strive to become Scotland's best, having been ignored like an "unwanted step-child" previously, says chairman Dave King.

Bizarre turn of phrase from King Dick. 

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10 hours ago, Pompey Exile said:

Can you just have as many share issues as you please?

Kind of.

Each share issue dilutes the value of the previous lot though. It was claimed that the original shares were worth 20p, but due to the various share issues that they've had already, they cannot be worth more than a penny arithmetically, but realistically are worth much less than that.

I suspect that the appearance of some of the other 'investors' at the Hamilton game was to enable them to tell Dave to get to f**k.

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9 minutes ago, Squirrelhumper said:

That guy Wilson they've got in charge of recruitment values their squad at £100m+ hahahahaha

Same as I value my house at. Just waiting on the right buyer tho..... 

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49 minutes ago, Fudger said:

Morelos will go for big money 

King in today’s papers saying they wouldn’t sell him for £40million as trophies are more important than money. The next few months could be another hysterical series of events in Scottish football history

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1 hour ago, piffer said:

King in today’s papers saying they wouldn’t sell him for £40million as liquidations are more important than money. The next few months could be another hysterical series of events in Scottish football history

Fixed it

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If they are in the s**t, the Scottish media is doing a good job of burying their heads in the sand. Sportsound in Monday, Chris mclauchlin reporting about the 25 mil debt, how king is even saying this way is unsustainable, hand to mouth borrowing spending. Back to Kenny mac in the studio, him and Stephen Thompson were like, aye but at least they are competing with celtic again and have a guid manager noo. Hmm. 

I remember on Scotlands game, Graham speirs, Tom English were saying they were almost complicit in rangers demise as they never even questioned all their spending. History repeating itself. No one is saying anything at all. In fact everyone saying how much better shape rangers are in now. 

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