Craig Whyte laid out Rangers finances in a statement today, released in response to the Daily Record’s series of articles on the club this morning. Whyte explained Rangers operating costs are around £45m while their income is approximately £35m, adding that the club needs to “live within its means”.
He confirmed the central allegation from the Record, that Rangers have securitised income from future season ticket sales in order to provide money for the club to pay its current costs, while denying they owe £5m VAT.
I have refreshed the page several times since an initially read and see no attempt to address the glaring question, if Rangers are spending tomorrow’s income today, what happens tomorrow? It beggars belief that someone thought it was a good idea to confirm a fact like without addressing the enormous question now hanging over the club.
Maybe an octopus ate Craig’s homework.
I’ve no idea how much money Rangers have in the bank right now, at this time on transfer deadline day, no one even seems to know if they have sold prize-asset, Jelavic, to Everton, but no matter how much of the securitised income remains, if this is not a dead parrot, it’s in severely poor health.
More power to you, Craig. I’ll not have a word said against you.
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They will hit the wall, and that will be a sad say for the Ratners fans
Rangers are reported to have attempted to sign two world famous Chinese
international stars in Edinburgh today-unfortunately they ate shoots and left
….TAXI
KevJungle says:
31 January, 2012 at 19:23
is that local government?, maybe selling the land around ibrox to help with the regeneration of ibrox stadium multi-cimena complex……..
Ooops Murray getting now…wow blow me down..
hee hee hee hee
Murphy from M’well could be their big signing.
… the #fakeover seems so long ago now …
Nobody believed that CW had any money and couldn’t see how he could turn Rangers around… hence the #fakeover.
Turns out he had no money or plan.
First time listening to Snyde…….
As much as I love hearing thems in the drekk, the sheer amateurism is maddening.
goven could do with better housing
The peepil, the peepil! The 40, 000 that put their money into the club….
Aye that will be the peepil that had a chance to buy shares in the club they lover and err well didn’t
Aye the peepil,
celticservant jake the snake · Follow
Alistair Johnston: HMRC are conducting investigation into Whytes acquisition of #Rangers. Boom.
Alistair Johnston: HMRC spoke to previous board about how Whyte financed takeover of #Rangers. Boom 2.
Alistair Johnston: In the past #Rangers would only borrow £5 million on season books (one season). Whyte has mortgaged £25 million. Boom 3
Alistair Johnston: Whyte received the £24 million from 3-4 years season books in a solicitors account BEFORE buying #rangers. Boom 4
Alistair Johnston: Is Ticketus going to determine the destiny of #rangers. Boom 6
Alistair Johnston: All deals with Whyte were conducted by Murray International. They assured the board Whyte had the money. Boom 7
Alistair Johnston: I’m not comfortable that there won’t be further revelations. Boom 8
Alistair Johnston: Murray International were the ones who assured us about this *infamous* lawyer fund of Whyte. Boom 9.
celticservant jake the snake · Follow
Listening to that Alistair Johnston interview I am left with one final thought. It’s possible someone will end up doing time
I,am grettin listening to Clyde grettin we joy
Wee Dawwelll…deflect , deflect, deflect, “if Celtic can’t win this league we might as well close football down” !!!
We feel your pain son, not heard too much of your Speirsy like guffawing tonight, do you really have to make your hero worship of him so obvious, it gets very embarrasing.
With regard to Speirs I like listening to his views, even the ones I disagree with but his public comment last night about the authorities never allowing an institution like der hun to be closed down was a bit silly (even if he and many others believe it to be the case)….mind you the caller that was on air when he said it was superb and really had him and old Ned Flanders rattled.
rangerstaxcase Rangers Tax-Case
Dear Radio Clyde. No one is this consistent when just “taking a punt”. I have sources to protect & only say what I can / should.
1 minute ago
Hibs sign the Honduran they couldn’t afford.
Rangers fans don’t know the truth
You can’t handle the truth
So Paul is playing 5-a-side?
After tonight so are Rangers
Hail Hail
Is that a pair of shitty drawers I see next door ?
Whit a hoot
Kerrydale Street Tweet saying 7 more pages tomorrow.
Internet chat that there were originally 8 pages set for today but 3 couldn’t be confirmed in time.
Also, from PMcG, an SPL manager (supposedly Sally) made a comment that the Daily Record were sitting on a story that would put the final nail in Rangers’ coffin.
I am soooo glad this isn’t my club.
Did Murphy not sign for Blackpool earlier?
Can it get any worse?
STVGrant Grant Russell
Hibernian have now confirmed that Jorge Claros has joined them on a 12-month loan deal from Motagua bit.ly/w2SKQq
Sunderland have loaned Sotirios Kyrgiakos until the end of the season
First of all who the hell from – he must have been playing for a Greek version of Wycome Wanderers by now
Second of all – MON are you on the funny stuff!?
Thirdly – that is one individual who I just dont for the life of me understand how he has had just a good football career. I actually understand Kevin Kilbane having so may international caps that that!
halfnhalf
Comedy gold!
stephbhoy says:
31 January, 2012 at 19:26
LOL
Hail! Hail!
CQN’rs
Wouldnt it be lovely to get a BIG forward in tonight ?
Guidi misses the point re: SDM, as he hasn’t responded to requests for interviews. What about the previous 20 years???
Clyde Caller
Question: “Craig Whyte, Whats in it for him?”
Answer: ” Who cares it wasn’t his money!”
Guidi telling them not to go on Sunday
Rangers fans: “Gonnae jist tell us the truth?”
Is it not in the power of 5% of the shareholders to demand an AGM?
Guidi wants a protest. Brilliant
Mick
Believe the guy 100%
Kittoch says:
31 January, 2012 at 19:28
Thats what happens when you have been allowed to, literally, write and re-write the truth for generations!
Len Brennan says:
31 January, 2012 at 19:25
Caller: why did CW buy ranker?
is he a self made thousandnaire tim having a laugh?
Big thanks to everyone reporting on the phone-ins tonight.
Stuck in work till 8pm and nothing gets thru our firewalls so it fair cheers me up reading all the stuff being said.
Anyone know the MBB’s National Insurance No? I could have a wee look and see if he is claiming anything. You know things such as his mortgage (aye the big castle), kids (if he has any), or at the very least i believe he must have some outstanding loans :-O
HH
Aow
..and thanks again troops!
Heh Heh hello cash cowboys
What does Peter Dean know?
Murphy declined to join B’Pool earlier.
Is “Peter Dean your debt expert . Com” trying to get a job in Govan??
Ha ha
Every time these adverts come on Clyde I am in stitches.