Tag Archives: Shrinking Balance Sheet

Have Rangers* Spent Over £32 Million Since June 2012?

There was a meeting of “influential” Rangers fans on Thursday with the senior officials of Rangers*.

(*More precisely of the company which owns the company which owns the assets and business which make up Rangers Football Club).

I want to mention two points arising from it – the first being one which has been subject of much heated debate ever since the Green takeover, and the second, which will be in the follow up post, a strong candidate for “Joke of the Year” if it had been delivered at the Edinburgh Festival. (Right up there with Tim Vine’s one-liner from a couple of years ago – “Crime in multi-storey car parks? That is wrong on so many levels!”)

Ever since the share issue in December there has been speculation about the amount of money remaining in the coffers of Rangers International Football Club PLC. Talk of imminent insolvency has continued despite the PLC’s efforts to disparage them. Until the PLC accounts appear there will not be a definitive answer and even then that will only reveal an historic snapshot.

Why is this important? Continue reading

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Filed under Administration, Rangers, Unfounded Speculation