Cryptocurrency Q&A
Are Rangers out of debt?
Are Rangers out of debt?
Raffaele
Mon Sep 23 2024
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6 answers
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Could you clarify the current financial standing of the Rangers organization? Are they no longer burdened by debt, or is there still a significant amount of financial obligation that they need to address? Are there any recent financial reports or announcements that indicate their debt status has changed? And if so, what specific measures have been taken to reduce or eliminate their debt load?
6 answers
SarahWilliams
Wed Sep 25 2024
Additionally, other commercial loans have also contributed to the increase, accounting for £3.1 million of the total gross debt. These loans, likely sourced from financial institutions or partners, highlight the Rangers' reliance on external funding.
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EthereumElite
Wed Sep 25 2024
The Rangers' financial position has seen a notable shift in their debt levels. Their gross debt has undergone an increase, climbing from £16.9 million to £18.3 million, marking a £1.4 million rise.
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Raffaele
Wed Sep 25 2024
This rise in gross debt can be attributed to various components, primarily investor loans which currently stand at £13.4 million, showcasing a significant contribution to the overall debt burden.
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henry_grayson_lawyer
Tue Sep 24 2024
Lease agreements have further added to the debt picture, totaling £1.8 million. This aspect suggests the club's ongoing operational costs and investments in facilities or equipment.
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JejuSunshineSoul
Tue Sep 24 2024
The situation becomes even more pronounced when examining the net debt figure. Net debt has surged from £3.9 million to a staggering £13.0 million, indicative of a significant financial strain.
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