Of Assets and Liabilities

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John clarke says: Friday, November 2, 2012 at 13:55 I think …

Comment on Of Assets and Liabilities by wottpi.

john clarke says:
Friday, November 2, 2012 at 13:55

I think this link will confirm my general description of the QC for Collyer Bristow.


Her husband’s name isn’t Trigger by any chance??

I’ll get my coat.

wottpi Also Commented

Of Assets and Liabilities
readcelt says:
Monday, November 5, 2012 at 12:31

Funny I was going to post something similar before lunch but got drawn away mid type.

I am sure in this period of limbo while we wait for the FTTT and LNS we will all have fun with the various conspiracy theories hoping the next ‘nuclear’ revelation ends up being true.

However we have been teased before.

Similarly, I recall Goosy has had a good number of complicated ones regarding the floating charge which frankly just made my head swim.

While like RTC , TSFM continues to be an education in all manner of things, the fact remains that businesses tend to fail for pretty simple reasons.

IMHO the bottom line is are T’Rangers capable of of running a football club on a sustainable financial model?

Regardless of what the true numbers are and who is paying what for a ticket, it is mostly likely the case that they are still getting more revenue through season tickets and pay as you go than every other cluib bar Celtic. Therefore T’Rangers, having dumped the old debt, should as Mr Charles says be in a pretty good position.

However as has been previously discussed, the running costs of running a club the size of T’Rangers, regardless of what division they are playing in is substantial.

Therefore the main question is still

– Are they managing to balance the books and are any of the development/grandious plans realistic and affordable?

If yes then there is no problem and Scottish Football can sleep safe in it’s bed and allow T’Rangers to fight their way back to the top.

If not then the follow up questions are numerous but don’t necessarily have to be linked to the more obscure elements of financial (mis)management.

It is more a case of

– The recent mention of no ‘external debt’ would imply ‘internal debt’, therefore what form is this and how will it be paid off or serviced and over what period?
– Who owns and controls the assets?
– Why is a share issue required at this time?
– What is the priorities for where any monies raised will be spent?
– How long will any monies raised via a share offer last?
– Will any of the proposed development actually bring in any real additional cash to the club?
– With all the named investors, what is the form of their investment (e.g are they in the form of loans), what return are they expecting and when?
– P.S. Will all this talk of targeting free agents are you keeping an eye on the number of over 21’s you are allowed in your squad? 🙂

There are a lot more questions that could be asked and will probably not be answered before we get to
-Are you laundering money?

All that being said, happy to go with the flow and look forward to some entertaining and educational posts.

Of Assets and Liabilities
Agrajag says:
Friday, November 2, 2012 at 09:27

Note however that Amhad recently jumped ship, despite being taken on as Zeus’s Managing Director in April this year, to become the Commenrcial Director at T’Rangers.
Stockbridge is T’Rangers financial director but also remains a director at Zeus.
Hughes is merely an investor at T’Rangers, but is that on a personal basis or is it being funded by the company in which he is a parnter?

Of Assets and Liabilities
Looks like there could be enough bubbling around with regard to the tax affairs of Mr Charles and Zeus to make even the most loyal bear question ‘Here we go again!!!

This truly is the gift that keeps on giving.

Recent Comments by wottpi

It Is Better To Offer No Excuse Than A Bad One
HOMUNCULUSDECEMBER 28, 2017 at 13:48

Indeed. And that was my other thought.
Even if Mark Allen does a good job T”Rangers wouldn’t see any cash for any upcoming talent (internal or bought in)  for a god number of years.
To date a good few lads showing talent have been allowed to leave to keep the lights on.
At present the only prospect they have is McRorie who I think has stepped up and performed well when asked.He certainly has confidence and could develop into a decent centre back playing with the likes of Souttar for Scotland.

It Is Better To Offer No Excuse Than A Bad One
I am sure the thought will have crossed other’s minds but will say it anyway.
Celtics ‘free money’ from the VVD  transfer is more than T’Rangers stated  loan requirements to keep the lights on for the next year or two.
Thats the size of the gap between Celtic and the rest of us.

It Is Better To Offer No Excuse Than A Bad One
DECEMBER 22, 2017 at 12:56

Lets just call it 14 February for old times sake and serendipity. 21

It Is Better To Offer No Excuse Than A Bad One
Statement O’clock but on another matter.

ClydeSSB tweeting Murty appointed until end of the season.

It Is Better To Offer No Excuse Than A Bad One
EASYJAMBODECEMBER 22, 2017 at 10:33

Thought that may be the case but was wondering if someone would be trying to get ahead of the game.

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