There’s something undignified at the shenanigans at Ibrox right now. Despite being under no pressure to pay the disputed tax demand, Rangers are tarting around their top player in a desperate attempt to raise money.
After the Plus Stock Exchange suspended dealing in their shares the club stated it would produce overdue accounts for season 2010-11 around the end of this month, which coincides with the end of the transfer window. Any auditor needs to be in a position to state that the company has enough cash to be considered a going concern before he would be in a position to sign-off the accounts. Rangers are now in a desperate bid for cash as their self-imposed (late) date to provide shareholders with statutory information has arrived.
Claims were made that a front-loaded war-chest was made available to Ex-Rangers manager, Ally McCoist (still too early? Hmmmm) at the start of the season and it was subsequently suggested that a £9m bid was rejected for Nikica Jelavic, but now the same player is available for a fraction of that sum – available for cash, that is.
McCoist kept their season alive but as reality dawn and Neil Lennon’s Celtic turned up the heat, his challenge abated.
The trusty old media, for so long a crutch throughout Rangers rather unique history, are set to desert the White Star Line’s most famous vessel. The day draws near.