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.
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If it is all out in the open now, Whyte does not need to keep up a pretence. He can just chuck it and take his bulging suitcase with him.
rangers will flatline this week.
Beeeeeeeppp….
playfusbal4dguilders
Funny Bhoy :-)
SSN saying Jelly medical booked for today
CRAIGWHYTECSC
Now we know why he moved his office to London!
HH
voguepunter 31 January, 2012 at 08:57:
Its the Pogues’ Fiesta I can’t get out my head.
Dooo doo doo doooo
Da da da da
Doo dooo doo dooo
da da da daaaa
anybody know whats up with the etims website?
Could Craig Whyte be related to the Celtic Whytes. Ticketus is his Genifor moment.
Will we hear those famous words
The War Is OverThe Bampots have Won anytime soon
So lets try to summarise this…. Rangers have sold off the following revenue streams (and presumably already spent the money from these deals)
Retail
Match Day Catering
Season Ticket Sales
Am I missing anything?
Which means, they as a business need to survive on the following revenue streams going forward
Match day ticket sales
TV Money
Win Bonuses
European Money
If you take away the European income as our friends in Sweden and Slovakia did so successfully this year then its fairly clear that this business IS NOT an ongoing concern unless they downsize by 50%+
Paul, my friend, the generation of domination has officially started…. financially at least!
Diddle.
Davie Moyes should renegotiate the transfer fee today. He’ll get away with a million now!
Commentary direct from Ibrox
PS What happens to ownership of the retail, season ticket and other revenue streams which have been sold off?
Does newco get these back if Rangers dies off?
If so, this is the biggest swindle since the financial crisis…..
Check out Craigy dishing out the Ticketus money.
http://www.youtube.com/watch?feature=endscreen&NR=1&v=5fgOR6Q8_38
bamboo at 08:34
I know many of us have a well-founded ‘thing’ about BBC Shortbread, but what is it about this publicly – and lavishly – funded corporation that it can’t bring itself to report these goings on at RFC?
I mean … really: what is it?
Are the staff out of their depth and incapable of digesting what’s going on; are they afraid of being drummed out of some lodge or other, or having their (now pawned) season tickets revoked?
Hell mend them, I say: for if they had cast even a mildly inquisitive eye over these shenanigans when they were being brought to light by a mixture of curious onlookers and amateur sleuths (there were plenty of warnings, dismissed at the time by almost all the MSM) maybe they’d still have a club to rally around next year and beyond.
FF
Why would any Club buy Jelavic when, if all the above fait accompli stuff is correct, they could get him for nothing very soon?
Be prepared to have your understandable hopes dashes,bhoys. Remember, the majority of responses today are based on a report in the Daily FN Record!
JJ
Good morning all,are DR sales “off the radar” today?
If all goes as it should there is a little positive win hidden in there that Rangers will always be able to cast up to us. We will never have won promotion from a lower league.
Is ‘under the table’ the new ‘off the radar’?
I work with alot of the knuckle dragging sorts and have been explaining this to them since it broke on RTC, CQN & Phil Mac. Its been a joy today to see the realisation that MBB has fleeced their cash and pocketed it. Half days are being booked to visit Mr Whyte.
a post from RTC
rangerstaxcase says:
31/01/2012 at 7:51 am
I have known for some time about Whyte’s potential legal issues with unpaid VAT. There is also the other unpaid PAYE and NIC. And there are a few other serious issues which I am not allowed to discuss. In my opinion, this all ends in court – and I do not mean civil court (or a hastily booked flight out of the country).
The Record’s stuff about the extra amounts borrowed from Ticketus is eye popping. I knew about the tax issues the Record is talking about, but I did not know how much extra debt he has taken on. (Not anywhere near enough for a CVA to work). This is much worse than I had thought.
Liquidation would appear to be inevitable.
—————————————————————
can anyone hear the tick tock getting louder ?
The original article was 8 pages. There were 3 pages that couldn’t be stood up as yet. They are still working on the contents of those 3 pages!
I wonder how the ‘London Office’ is doing….?
*click. Brrrrrrrrrrrrrrrrrrrrrr*
Daily Record are only rehashing old news that we all already knew.
Don’t give them the credit, give them the blame, they could have helped Rangers but choose to pedal Billionaire tales which made things worse.
Amongst the things I do to try and keep what’s left of this ravaged old brain going is getting a Spanish Word Of The Day email.
Today’s word has just arrived and it’s….
Fin.
QueSeraSeraCSC
RogueLeader 31 January, 2012 at 09:15:
I wonder if this change of policy has anything to do with the change of editors at the Daily rangers?
Oh roll on 18:00 !! Clyde1 tonight could be a hoot!
Grant fae Perth, if you’re looking in, give them a ring PLEASE!!
my thoughts exactly kittoch. more debt and nothing new.
klv
Kittoch
“If I was the Cambuslang Rangers Owner I would be getting a quote for a stand with 6,000 seats in it and asking Mr Park for a loan to build it.
CRFC in a great position right now. ”
Please Be Quiet! That stadium is 200 yards from my house. I can already hear the shouts from their crowd (??) drifting in on the wind. The price of my house would go down if they moved here. Hell, they would have ready made front gates at CRFC, very similar to the ones that wee mad mental Craigy just sold to the Govan Scrap Dealer.
As you would all fully expect by now the whole 5 pages is being dismissed as timmy fantasy by the Daily Rhebel on FF!
Some say it’s a newspaper….desperate for frevenue………………
others say it’s packed with supporters of Scotland’s Shame
…alll we know is, its called The…
Question for you all, just how bad does it have to be before we see a cracked RFC badge???
Armageddon isnt quite enough, do we need a mushroom cloud settling before that decision is made?
Agent Green
Grant fae Perth will be restrained in one o they jackets that fastens up the back after reading that article :0D
CRAIGWHYTECSC
So rangers have a Third HMRC case against them for an unpaid VAT bill of £5 Million.
Can it get any better?
Spanish press report Celtic made a bid of 1.5 Million Euros for Molina last week. Betis want 4 Million but if we put in a 3 Million bid they will let him go.
HH
Agent Green
No doubt John from Cowcaddens will be on.
I want to see the dead body before opening the champagne.
Hail Hail
twists n turns says:
31 January, 2012 at 08:43
Meanwhile – back on FF (I have had to edit the language here – poster a wee bit irate)
___________________________________________________________________________
Quote:
Originally Posted by saki2
Lets see – £24m is borrowed, a few days later £18m goes to Lloyds.
According to Whyte, the £18m was his money – if so where is the £24m.
Its garbage, he hasnt had any real money of his own, AJ did warn folk but many on here just dismissed him
He has spent £1.
£1.
He is looking like the biggest conman going
————————————————————————————
And that, in a nutshell, is why the orcs have utterly failed to hear any of the alarm bells resounding for nigh on two years.
Got £24m. Covered an £18m debt.
‘He has spent £1‘
Erm, no you collective bunch of pig excrement, he hasn’t spent £1, even that came from the other £6m he creamed from your STs.
TAL
Setting free the bears
You could make a bit of money from them parking their Lada’s in your front drive,
£16.90 for 2 hours, loads of money.
PS only accept cash.
RL
This revolution won’t be televised…….and the huns demise won’t be written about in THAT blatt.
They are an integral part of their marketing dept. ( ext 1690)
One of the funniest things I have read on twitter….
robertflorence Today a dying Scottish institution is reporting on the imminent death of a Scottish institution.
bit.ly/z1aB6f
Oh this is too much for me, I need to go home….