Of Assets and Liabilities

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Charles Green making a clear distinction between “Rangers (RFC 2012 …

Comment on Of Assets and Liabilities by Charlie Brown.

Charles Green making a clear distinction between “Rangers (RFC 2012 Ltd???? now in liquidation)” and “The Rangers Football Club” ………….so there we have it The Rangers Football Club are NOT Rangers.

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Of Assets and Liabilities
Off-topic or actually on-topic in terms of this blog post OP ……………..what we appear to urgently need and completely fail to have it up to date and unified financial information for our football clubs. I know they all provide financial returns at companies house in line with company law but from a football perspective I feel we need a simplified and unified set of accounting and financial information that all clubs should be made to provide for the beginning of each football season. This would require clubs to provide up to date information on current revenues, wage bills, operating costs, long & short terms debts & liabilities, any pending tax disputes & tax payment records etc. Also clubs would have to provide balance sheet information of their assets valued on a like for like basis so clubs cannot use creative or different accounting standards or practices to achieve different or higher asset values as Sir David Murray and Charles Green both claim vastly higher values for Rangers assets than either of them paid for them.

Without being able to compare apples with apples and our clubs providing timeous financial information suitable for football’s purposes then the football authorities and fellow member clubs are perhaps being exposed to potential financial risks and/or collateral damage or contagian risks because our clubs all currently operate a hotpotch of accounting returns, valuation methods and differing accounting return periods.

We need to standardised and timeous approach to providing up to date and accurate financial information so our clubs and football authorities can correctly indentify where risks are increasing and perhaps take early preventative measures to prevent risk or financial damage spreading?


Of Assets and Liabilities
Leggo’s writes as if he’s parodying the way Chick Young speaks anyway for anybody that cares to read back numerous articles written by Leggat and you will repeatedly see Charles Green referred to as the “oft-times proven liar and Snake-Oil Salesman…..” there was also much previous talk of Green’s Manchester based backers being linked in a sinister manner and referred to as the “Quality Street Gang” after the infamous Manchester mobsters of previous decades. Total nutjob.


Of Assets and Liabilities
arabest1 says:
Thursday, November 1, 2012 at 16:49
7 0 Rate This
liveinhop says:
Thursday, November 1, 2012 at 16:31
1 0 i Rate This

Rangers media back up but 36 hours behind time scary eh

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Bout 360 years behind time……………
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Indeed, in terms of their Cultural Revolution we’re still waiting for the Great Leap Forwards!


Recent Comments by Charlie Brown

Everything Has Changed
Like the initial FTT result this fudge is simply baffling and morally wrong. Every human being with an ounce of integrity knows judgement is simply wrong and no justice has been served by Lord Nimmo-Smith.

A disgrace it really is.


The Real Battle Begins?
Radio Clyde SSB? Can’t believe we are still debating that shows ‘merits’ ffs it’s car crash radio, imo there is nothing about that show that isn’t moronic, listen at your peril but if you get annoyed by it then basically it’s your own fault for listening, change the dial!


The Real Battle Begins?
Stevensamph,
Since you asked the current situation at Tynecastle is i believe as follows;
1. Hearts have agreed an extension and 2 part payment plan on the 450k small tax bill due. This is due to be paid by 3rd december and is dependant on guaranteed income Hearts will receive from 300k still due from Rangers as payment for David Templeton, i hope we have an arrestment order ready to secure these funds as obviously any delays could have critical impact, and also the gate share money and split of TV money that Hearts will receive from this weekends live Scottish Cup derby with Hibs.
2. At last reports over 600k funds had been raised by fans in shares, merchandising and match tickets.
3. The players and staff have agreed a temporary deferment of wages, whether this will trigger further SPL sanctions or censure remains to be seen.
4. I believe there has been some hearing thus far of the Tax Tribunal for the disputed 1.75M Big Tax Case, i don’t know if the hearing is ongoing, delayed or being negotiated/settled however I was informed that a small but important breakthrough had been established and this would improve Hearts prospects.
Forgive me if any of this is inaccurate but it is my summary of current events as best i understand them. 🙂


Why the Beast of Armageddon Failed to Show?
what kind of society are we living in where rtc blog has to be erased from existance?
Will this blog be next?
Will the vested monied interests and their legal and media whores seek to suppress all attempts of those seeking to uncover truth?


Why the Beast of Armageddon Failed to Show?
who decides the editorial content of radio scotland sport fooball productions? It seems that latterly Stuart and Tam are the anti-dote to Jabba and Chick however Jabba is still given far more airtime to proffer his sermons. Who decides such things?
Regards Tom English he’d do better starting his own blog and trying to find some audience and relevance as newspapers like his own are dying and the churnalist propaganda they promote so easily exposed as lies or mistruths by blogs like this one and previously RTC.


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