Enough is enough

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HOMUNCULUSNOVEMBER 4, 2017 at 10:57 I see from the notes to …

Comment on Enough is enough by Cluster One.

I see from the notes to the accounts that TRFC now owe the holding company over £47m, if I am reading that correctly (Note 12) that for me is the reality of the losses as it takes into account not only the loans provided by the Directors and their associates (to the PLC) it also includes the other money supplied by the PLC to the trading company, so things like money from the share issue. 
£47m trading losses over such a short period is pretty impressive going. 
So that is what the going for 55 was all about.Going for 55 million in Loans

Cluster One Also Commented

Enough is enough
AULDHEIDNOVEMBER 22, 2017 at 01:50
That is so well written and easy to understand that even the blue tinted specks one’s must get it.

Enough is enough
The problem at Ibrox is the soft loan money is required just to keep the lights on.This may have the been the case at the beginning but recent loans are to supplement a higher wage bill for a period of years until RFC improves its domestic turnover and essentially Europa income.RFC could shuffle along and break even on a domestic turnover of 30 million or so with a wage bill to suit but this would risk a drop in ST sales and a far less chance of Europa qualification.
At the time of preparation, the forecasts identified that the Group would require a minimum of £4.0m additionalfunding by the end of season 2017/18 in order to meet its liabilities as they fall due. The first tranche of funding isrequired in November 2017.Further funding amounting to £3.2m is forecast to be required during the 2018/19 season. However, the final amountis dependent on future football performance and European football participation amongst other factors
Looks like we are back in Ally territory again.If no european football more loans just to not even stand still

Enough is enough
a new company bought the club?
please point out what part is the club that charles Green bought.
Then can you name this company that bought this club?
and can you now tell me the name of this company today?

Recent Comments by Cluster One

It Is Better To Offer No Excuse Than A Bad One
It would take all scrutiny away from the club and could leave the chairman role to someone more respected such as Alistair Johnston.
You do know Alistair Johnston.was on the board during the EBT years and  Johnston admits the other ongoing tax probe could leave Rangers with a bill they cannot afford to pay.

It Is Better To Offer No Excuse Than A Bad One
UPTHEHOOPSJANUARY 1, 2018 at 21:21
I am a Celtic shareholder and if it was up to me (which it is not), I would tell the SFA here and now that Celtic Park is unavailable for any future fixture.  However I know that will not happen, but I doubt there is anything they could do to force Celtic to allow them use of the stadium.  
The SFA board is due to meet in late January to consider its findings and, although no final decision is expected at that stage, it will shape Hampden’s future.

It Is Better To Offer No Excuse Than A Bad One
CLUSTER ONEJANUARY 1, 2018 at 20:50
Agreed… but just where would the SFA call home?
15) With recent coverage surrounding the SFA and the Hampden lease expiring in 2020, there’s asuspicion that the SFA will take internationals, finals etc to Parkhead. Can we expect the board tovigorously push Ibrox for these fixtures and thus create another important revenue stream?The Executive is in close dialogue with the SFA with regards to the situation at Hampden.
Hope all the other clubs executives are in close dialogue with the SFA with regards to the situation at Hampden.

It Is Better To Offer No Excuse Than A Bad One
HOMUNCULUSJANUARY 1, 2018 at 20:38
There is absolutely no reason why games can’t be played in Aberdeen, Edinburgh, Glasgow, or anywhere else with a stadium suitable for a specific match.
Agreed… but just where would the SFA call home?

It Is Better To Offer No Excuse Than A Bad One
HOMUNCULUSJANUARY 1, 2018 at 19:39
Most, not all. One also wonders who pays for the upkeep of the stadium and other associated costs.
The Spiders, who remain an amateur club and are celebrating their 150th anniversary, say comments made by SFA chief executive Stewart Regan to BBC Scotland had caused them “great concern”.
They said in a website statement that they “would seek confirmation from the Scottish FA that they have fulfilled their responsibilities, under the present lease, to maintain the stadium and further detailed evidence to support Mr Regan’s statement”.

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