04-11-2016, 16:50
(02-11-2016, 19:04)St Charles Owl Wrote: Has King actually put any of his own money into the club yet?? From the outside he has done a decent job in steadying the ship, they are not in the news for the wrong reasons as much as they were, although I realize that could just be a coat of gloss!!
Edgie, I think you are right about the SFA, they may be able to make representations to UEFA over the issue if it arises, but its a UEFA rule and therefore its their decision.
What is the revenue difference for clubs in the Premiership compared to the Championship these days in Scotland??
Rangers have received over 10 million in last 18 months 5 million of that to pay off Ashley's loans and owes 13 million primarily to directors and rangers fans groups
The rest to keep the lights on 2.9 million in September to allow the accountants to sign off the accounts and more "promised" before the end of the season, a minimum of 3.75 million required.
How much of that's Kings ...haven't a clue but its now where near the 30 million front loaded promiced.
as to revenue differences, for other clubs its not a huge amount couple of 100k for TV and similer in season ticket moneys, but at least 3 home games against Celtic and rangers and the cash that brings.
With Rangers they get the TV moneys (negible to them) their big difference is season tickets, up by 5000 sold and price up as well; and the hospitality that goes with it.
So about 6 million extra, but huge extra costs, player budget up by 40 %, running cost up too.
So still not breaking even, losing that 3.75 million this year and accumulated loses of 18 million to date.
So more cash needed, another rights issue, only possible of the get a listing on an exchange ... but with David Cunningham King in charge that's very unlikely