Their Financial Results

Teddyjohn

Well-Known Member
IF they lose the league and subsequently miss out on the Champions League for a fourth season, they will be forced to sell their main players and cut their wage bill. Lennon’s replacement would also have to work from a much tighter budget than the last couple of years. Also, their ST sales would plummet (remember the crowds in the Delia days?) plus merchandise would likely also take a hit.

Whereas IF we win the title, we have a crack at the Champions League, our players values increase, ST’s will sell out as always, and demand for merchandise will be insane (added to the fact it’ll be the kit for our 150th year).

Winning this title would be enormous.
 

Shengus Malengus

Well-Known Member
IF they lose the league and subsequently miss out on the Champions League for a fourth season, they will be forced to sell their main players and cut their wage bill. Lennon’s replacement would also have to work from a much tighter budget than the last couple of years. Also, their ST sales would plummet (remember the crowds in the Delia days?) plus merchandise would likely also take a hit.

Whereas IF we win the title, we have a crack at the Champions League, our players values increase, ST’s will sell out as always, and demand for merchandise will be insane (added to the fact it’ll be the kit for our 150th year).

Winning this title would be enormous.
Spot on.
If their <10 in a row dream hits the skids they'll disappear like snaw aff a dyke.
If Covid's still keeping them out of the Tramphitheatre next season, they'll sell about a dozen season tickets.

55 will kill them. Maybe even literally.
 
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Paulski54

Well-Known Member
Just checked Ill Phil's take on it with the help of his "Rugger guy"
Even he is struggling to polish the turd. :eek:
Did notice that he didn’t actually say fuckall about it.

Compare this relative fear to the outpouring of ecstasy and elation when we release our accounts, if we do that is. You know what we are like, 6 months late etc etc. Accordingly to Declan, of course :)) :)) :))
 

NDC bear forever

Well-Known Member
A poster earlier referenced the fact that their AGM will be focused on discussions about Rangers.

While obviously partially tongue in cheek, its fucking true, and I think the underlying point to take away from their obsession is that they've taken their eye off the ball by focusing so much on us without considering how abysmal things are internally.

The financial results are startling. I expressed concern on here last night over their rabid pursuit of the fake 10 in a row and how they could push the boat out to secure a big name to turn them around. With these numbers it looks increasingly unlikely as they will need to pay TLB off, then pay top wedge to get someone in.

That said, Rodgers was on over £70k a week. That is fucking massive money for a manager in Scotland. Cant see them doing similar this time around. Long may their fucking agony continue, shit cùnts.
Not sure Rodgers was on 70k a week mate, every article says around 45k-50k. Lennon is also on huge money, on £2.4m a year according to the Daily Mail and the Express.
 
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GF7

Well-Known Member
This is Soro, another midfielder brought in out of nowhere to rot in the bench, they bought him and Klimala for over 5 million !

They also still have Hendry, Bolingoli, shved and Bayo on their books - they will
all be pay offs. Taylor and probably Turnbull to be added to that list.
 

GeckoBear29

Well-Known Member
Terminology used always interests me... especially when new terms are suddenly used for things.

The term, “acquisition/invested” in the registrations of various players rather than new signings/transfer of players is curious. I’d be interested to see if the Rangers, or any other clubs accounts use the same terminology.

I’m not trying to find some hidden meaning to it - I’m just nosey about why we suddenly hear it.
It’s just an accounting term bud
 

GeckoBear29

Well-Known Member
I work in accounting so hopefully can provide an insight into some bits.

On going bust - Page 10 on going concern summarises some key bits - they've got a £13m credit facility they haven't touched, a net asset position and roughly broke even (although as pointed previously, this was reliant on the sale of players). As much as I'd absolutely love to see nothing more than Declan greeting at them folding, I don't imagine it'll happen any time soon unfortunately.

I imagine they'll try and cut that wage bill in Jan/end of season now. I can't see them running up those wages with even further decreased revenue after 30 June 2020. So would be shocked if they don't shift some of the high earners come the end of the season to balance the books out a bit more.

Like most though, Covid is taking its toll defo. They've used up about a third of their cash in the year (used 11m) so that won't last forever if they want to keep running those wages up!
I’m the same mate and you’re right. The only thing that stood out to me is how much cash they’ve used in the year, and without a significant retained earning at end of year it will continue to drop
 

Mr Mojo risin'

Well-Known Member
If we can win this title and qualify for the champions league they are in a whole world of trouble with a huge pool of players on big money.

I can't wait to watch the meltdown.
ooh this post gave me a chubby just imagine not only their meltdown but the considering our scouting network the level of player we can bring in with the CL money
 

Atheist Bear

Well-Known Member
They'll make some promises about getting the SFA to investigate our football licence and the fans will lap it up

And next year’s AGM will be between an effort to challenge the SPFLs position on our 55th title, and those simply wanting to move on. Civil war.
 

ronadamus_prime

Well-Known Member
How far away are they from them fielding this Karamoko Dembele lad and calling him the next 'Messi' ala David Murray with the Scottish 'Rooney' comments regarding John Fleck.

*Look over there a squirrel*

They aren't having a good time of it at the moment. Long may that continue.
 

frazz

Well-Known Member
A profit before tax of £100k, £18 mil in the bank and they've since spent at least £20 mil on players.

Bye Bye cash reserves, Hello fire sale.
The 18 mill is red herring they generally have 20-25 plus from ticket sales in by v this point.

Means that end of last season cost then potentially 10 mill in outgoings not recouped.

The increase in credit facilities is to cover wages until next season or they sell a player.

The since the balance sheet last where players are added suggests they have taken liabilities on and players that will be covered in next year's accounts.

Edouard is gone in Jan is my take or
 

Rudiger

Well-Known Member
Not sure Rodgers was on 70k a week mate, every article says around 45k-50k. Lennon is also on huge money, on £2.4m a year according to the Daily Mail and the Express.
There is absolutely no way he's on anything close to that.
He was unemployed, following a controversial departure from Hibs and hardly in high-demand.
He'd have bit their hand off for £10k a week (probably double what he'd have been on at Hibs?), so to suggest they offered him £46,000 a week is ludicrous.

He got the job because he was a cheap option - if they were budgeting that sort of money for a new manager, he wouldn't have got near it.
 

NDC bear forever

Well-Known Member
There is absolutely no way he's on anything close to that.
He was unemployed, following a controversial departure from Hibs and hardly in high-demand.
He'd have bit their hand off for £10k a week (probably double what he'd have been on at Hibs?), so to suggest they offered him £46,000 a week is ludicrous.

He got the job because he was a cheap option - if they were budgeting that sort of money for a new manager, he wouldn't have got near it.
 
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