A Horse With No Name Posted April 16, 2009 Share Posted April 16, 2009 Must say as a Rangers fan I'm worried lots by Murray's running of RFC and the fact that the debts are mounting up while areas of the 'business' that made profits were sold to his offspring and work on the stadium was put out to one of his own Companies. The debts keep mounting and it looks like we're gonna have to have some kinda fans agreement to buy him out sooner or later. It's a major worry. With Chelsea what is the score financially and do you worry about at what stage the Russian will want to get his money back? Link to comment Share on other sites More sharing options...
bonetti Posted April 16, 2009 Share Posted April 16, 2009 Must say as a Rangers fan I'm worried lots by Murray's running of RFC and the fact that the debts are mounting up while areas of the 'business' that made profits were sold to his offspring and work on the stadium was put out to one of his own Companies.The debts keep mounting and it looks like we're gonna have to have some kinda fans agreement to buy him out sooner or later. It's a major worry. With Chelsea what is the score financially and do you worry about at what stage the Russian will want to get his money back? He got his money back on Tuesday night - didnt we all Link to comment Share on other sites More sharing options...
A Horse With No Name Posted April 16, 2009 Author Share Posted April 16, 2009 He got his money back on Tuesday night - didnt we all and I'm well pleased Chelsea won too - but sooner or later surely the Piper has to be paid? Or am I missing something... Link to comment Share on other sites More sharing options...
Plavi26 Posted April 16, 2009 Share Posted April 16, 2009 I don't think we'll have an issue with the finances. RA seems to have planned the coup, the only thing that will happen until 2011 (year that the recession should end), is that we'll see less high profile money spending. Our yearly spending is going down, and for once Kenyon has been doing a decent job, because we are going toward the profit club line, which would be great for the future. Link to comment Share on other sites More sharing options...
A Horse With No Name Posted April 16, 2009 Author Share Posted April 16, 2009 I don't think we'll have an issue with the finances. RA seems to have planned the coup, the only thing that will happen until 2011 (year that the recession should end), is that we'll see less high profile money spending. Our yearly spending is going down, and for once Kenyon has been doing a decent job, because we are going toward the profit club line, which would be great for the future. Our spending has went down in recent years too and even having got to a Uefa Cup Final and the money they got from that run we're still gonna be trading at a loss. Chelsea must be paying big salaries to get the quality of player you have and the Capacity and Ticket prices must be really high? I'd maybe not rely too much on TV money (I hear you all get £50 M per season down there) as with the Economy so uncertain (2011 seems a bit like pie in the sky to be honest) who's to say that when it comes to the Premiership cutting the next TV deal that the cash will be there? Don't wanna rain on the Chelsea parade - (was in a pub in Glasgow and the vast majority were in mixtures of Liverpool / Celtic colours shouting for the Reds) as I was well happy you got through - almost got my c**t kicked in celebrating the final Chelsea goal - but I recall saying the same thing when Murray first took over at Rangers, the replies then when I mentioned that Murray was a Capitalist and isn't here for the good of Rangers, where "some people are never happy". These days when almost EVERY SINGLE fan is criticising him the replies are "I'll bet you never complained when we where within an inch of the European Cup Final and Gazza and Laudrup showing their skills taking us to our 2nd Nine In A Row"... I wish Chelsea every success but you'll maybe have to remember there's a downsize at some point? Am I missing something? Do you not pay out more than you take in and is the debt not rising? I even hear Man Utd are £50 M in debt... Link to comment Share on other sites More sharing options...
blueday3 Posted April 16, 2009 Share Posted April 16, 2009 What a great time to bust out this I found the other day Football team Valuations Link to comment Share on other sites More sharing options...
A Horse With No Name Posted April 16, 2009 Author Share Posted April 16, 2009 What a great time to bust out this I found the other dayFootball team Valuations Great link blueday3! Now, I'm even more worried... Link to comment Share on other sites More sharing options...
blueday3 Posted April 16, 2009 Share Posted April 16, 2009 At least Rangers' operating income is a positive number. Link to comment Share on other sites More sharing options...
A Horse With No Name Posted April 16, 2009 Author Share Posted April 16, 2009 At least Rangers' operating income is a positive number. I'll need to have a good look at that - have to be honest and say I'm don't really understand Economics Balance Sheets, but at least you gave me a Positive slant!!! Cheers! Link to comment Share on other sites More sharing options...
Guest bigjockknew Posted April 16, 2009 Share Posted April 16, 2009 I think that Rangers have a business planned based on a return from 30% of all domestic trophies and guaranteed CL football every year which should be a piece of cake however that hasn't been the case. We should have kept the momentum going in the Laudrup etc days and got the ten in a row at least - incredible timing for Smith and most of your key players to announce their departure at the end of arguably your most significant season. As a Chelsea fan first and foremost and then a Rangers fan its a pity there wasn't something similar to a feeder club agreement. Chelsea could have players playing regularly in Europe and getting CL experience etc for relative sweetie money and Rangers would reap the rewards of having a source of quality players that were excellent for the SPL but were not yet Chelsea standard - theres probably a ruling aganst this somewhere though. Anyway we were good enough before RA and not as the other fans often point out "you'll be f***ed when the Russian goes to jail". I think that the wages all over football are overinflated, smaller basics and bigger win bonuses for me - and players that want to play for the club, not some multi millionaire continental you can't motivate to play at the likes of lower league grounds on a cold Wednesday night when its p1ssing down. I think both clubs will be fine in the recession - we're not going away, we might be a bit smaller and leaner (nothing wrong with that) but neither club will ever go down the tubes. Link to comment Share on other sites More sharing options...
loz Posted April 16, 2009 Share Posted April 16, 2009 I'll need to have a good look at that - have to be honest and say I'm don't really understand Economics Balance Sheets, but at least you gave me a Positive slant!!! Cheers! I'll save you some time mate - don't look on the balance sheet as you won't find income there! Link to comment Share on other sites More sharing options...
A Horse With No Name Posted April 17, 2009 Author Share Posted April 17, 2009 (edited) I think that Rangers have a business planned based on a return from 30% of all domestic trophies and guaranteed CL football every year which should be a piece of cake however that hasn't been the case. We should have kept the momentum going in the Laudrup etc days and got the ten in a row at least - incredible timing for Smith and most of your key players to announce their departure at the end of arguably your most significant season.As a Chelsea fan first and foremost and then a Rangers fan its a pity there wasn't something similar to a feeder club agreement. Chelsea could have players playing regularly in Europe and getting CL experience etc for relative sweetie money and Rangers would reap the rewards of having a source of quality players that were excellent for the SPL but were not yet Chelsea standard - theres probably a ruling aganst this somewhere though. Anyway we were good enough before RA and not as the other fans often point out "you'll be f***ed when the Russian goes to jail". I think that the wages all over football are overinflated, smaller basics and bigger win bonuses for me - and players that want to play for the club, not some multi millionaire continental you can't motivate to play at the likes of lower league grounds on a cold Wednesday night when its p1ssing down. I think both clubs will be fine in the recession - we're not going away, we might be a bit smaller and leaner (nothing wrong with that) but neither club will ever go down the tubes. Hope you're right there BJK! Trouble is we can't really get an idea of Murray what EXACTLY the debt is - everytime he comes out with statements, a couple of days go by and then someone then say's 'Aye, but he's not factored in xxxx'. If only he'd come clean with the EXACT amount of debt at the start of a season WITHOUT putting in the monies collected for Season Tickets. Must say Chelsea have a much better BIGGER income but I do think they like everyone will have to pay the piper when these Capitalist Businessmen decide their ego has been caressed for long enough.... Edited April 17, 2009 by A Horse With No Name Link to comment Share on other sites More sharing options...
A Horse With No Name Posted April 17, 2009 Author Share Posted April 17, 2009 (edited) I'll save you some time mate - don't look on the balance sheet as you won't find income there! Must say Loz it's very frustrating as I'm a person that has a few quid in the bank and always makes sure the income exceeds the outgoings. In the football world we're continually told it's 'NATURAL' for clubs to run up a debt... Well, I don't know if that's true but in the 'Sharp' household everything has to balance! Edited April 17, 2009 by A Horse With No Name Link to comment Share on other sites More sharing options...
Money Posted April 20, 2009 Share Posted April 20, 2009 I dont think he will want to take his money out - he will get his money when/if he sells up. He has no doubt plugged loads of money into Chelsea and will hopefully continue to increase Chelsea value and hope when he sells he will make a good profit! No doubt he is offsetting some of his losses in other company's to chelsea as well. I cant see Chelsea even trying to stand on its own until we move to a bigger stadium. By Arsenal moving I think they said their gate turnover increased by £3m per game. Now if we move obviously will be hard at first though I think would generate some better income. Link to comment Share on other sites More sharing options...
nofizzleforshizzle Posted April 21, 2009 Share Posted April 21, 2009 I'll save you some time mate - don't look on the balance sheet as you won't find income there! Lol. Link to comment Share on other sites More sharing options...
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