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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Darrell is all but calling CW an out and out liar…
To think they could all have saved themselves the shock and read a few of the blogs they’re so fond of denigrating.
The irony for me is the total failure of anyone at rangers to , at the very least, ask the rangers fans if they wanted to invest.
Rangers fans – we deserve better.
Celtic fans – we don’t deserve this but we’re prepared to pony up to change this.
Guy on snide right now is hilarious
Celtic could buy rangers
This guy is brilliant just now , is it Declan!
nearly?
Just read on twitter
“what’s the point of a sky reporter standing outside Murray park, thats the equivalent of me putting a condom on and standing outside beyonce’s house!”
Fav line of the day…..
Blog down there I thought the huns had gone belly up!
I need to be more patient………..
Who broke the log, maybe it was the collective laughter from Timdom
Ooooooh anybody else watching any feelings of goodwill flying out the window listening to the last caller on Clyde?
A Celtic guy before him tries a bit of empathy relating how he felt when he thought Celtic could go out of business.
Next caller “Willie” basically tells him where to stick his pity
When JC said love your enemies he could not have met Willie.
saved by Andrew again….
Did you hear the last hun on the radio…
We don’t yours or any other Celtic fans pity!!
Bitter Biter people, I hope you remember that when you walking up to East Stirlings ground signing ” we used to ra peepul”
Biggest news of the day has just broke
NicoleScherzy Nicole Scherzinger · Follow
I wanted to let you know directly from me that it’s true I won’t be returning to The X Factor.
Final bitter caller Willie(indeed).. The bitter defiance denial makes it all much sweeter Willie..
We Shall Not Be Moved!!
The guy on Clyde suggesting Celtic buy Rankers as a feeder club was pure dead brilliant.
2nd last caller on Clyde ” I feel sorry foe the Rangers fans”
Wife to me ” why can’t you be more like that”
I bide my time say nothing
Last caller comes on Wullie the hun
” ah don’t want their pity”
Wife Looks at me, I smile, nothing needs to be said!
Ive been lurking, as usual, but have been unable to connect for about half an hour. Has any swooping happened, yet, or are there more trials planned over Govaan way before midnight? Also, has anybody been on FF? i think we could all do with a laugh…
just listened to that clyde there first time in 6 years still the same old drivel and a good old hun to end saying he dosent want our pitty well its not on offer as the old song goes bye bye rangers bye bye
The reason for the blog melt down was that a caller went on Snyde and said we should buy rangers, use them as a feeder club and use Ibrox as our training ground
Take a bow son, take a bow ;)
http://news.bbc.co.uk/sport1/hi/scotland/16821348.stm
Absolute Dynamite
Had a good day today, things took a better turn on a personal issue and couple of opportunities on the job front.
strange… its almost like… like… a great evil is being lifted from the world
Somebody needs to teach these so called journalists how easy investigative journalism is in this day in age.
Somebody on Clyde asked “who are ticketus? Are they legit”
It took me 17 seconds to figure out they are as dodgy as Mr White.
http://wck2.companieshouse.gov.uk/353d3742d5d080d6cc298558b5cd03b2/companysearch?disp=1&frfsh=1328039142#result
Ticketus holdings 1 ltd, 2 ltd, 3 ltd, 4 ltd, 5…..ticketus services 45,46,47,48
Do I get a Pulitzer? :-)
BRTH and anyone else
Googled a little about ticketus and got this
http://www.principlefirst.co.uk/investments/octopus-vcts/
Looks like they buy future tickets from the sports club at a discount and then they resell.
In that case it seems to be a definite vat point – invoice issued purchase price paid etc – no wonder the vatmans interested.
Any thoughts?
Tlwio
Celtic need to do the no more business tonight thing soon cos I’m almost out of beer.
Good evening friends
I’ve had a fantstically unproductive day trying to keep up with CQN and Twitter and I believe tomorrow could be more of the same.
A bit calmer now and don’t expect any further developments this evening.
Just 1 question if I may. Precisely when is Jelavic expected to sign for Everton?
less than 3 hours and counting…
Jobo
Willie the silly billy in denial Graig SWhite the honest chancer will prevail either that he will piss off with his 18K in his back pocket
Anyone with any doubts whether it would be a good thing for the huns to go under, do yourself a favour and listen to the last caller on snide tonight.
TimJim –
I think your K should be an M.
Jobo
carolvordeman2fromthetopCSC
“We deserve better” part 2 on the way
notthebus
Biggest news of the day has just broke
NicoleScherzy Nicole Scherzinger · Follow
I wanted to let you know directly from me that it’s true I won’t be returning to The X Factor.
Will she be the latest trialist at Murray Park? ;)
Hutton now off to Dunfermline. Just as McMillan (who? I know) did earlier. Did ness not leave for ross county? Also fleck away. Ortiz away. Jelavic (yet?) away. Naibalance, laugherty injured. Several others out of contract in 6months. They will do well to name a full bench for games!
Snivelling snyde, the first time in a long time that I haven’t heard ‘the old firm’, it was all about the unevolved denziens of the primordial soup, suddenly they can work a ‘phone! They just don’t get the Scottish meeja- bend over and take the washing pole, because we say so!!!
I thought he was thousandaire:0)
‘ I ‘ve just stepped in to see you all,..I’ll only stay a while….’
Don’t try too much to analyse the days events.
Just be proud & happy about who you are & where you came from.
How sweet it is.
I was huvin a bwuddy bwilliant night wistenin to wee Dawell….. and then the bwog bwoke !!
I think it wis that bwinkin Gwaeham saying Celtic should buy Wangers on Cwyde 1.
Bwuddy sake !!!
kikinthenakas says:
31 January, 2012 at 19:59
Just read on twitter
“what’s the point of a sky reporter standing outside Murray park, thats the equivalent of me putting a condom on and standing outside beyonce’s house!”
Fav line of the day…..
share
@@@
and for that they phone the polis!!
I have just had an epiphany(a sudden, intuitive perception of or insight into the reality a sudden, intuitive perception of or insight into the reality or essential meaning of something, usually initiated by some simple, homely, or commonplace occurrence or experience – IE Rankers FC being totally fecked) The Whyte knight does not tell the truth. How disappointed am i.
Caught the last chap on Clyde there, just as I lost connection to the blog, Wullie I think – Hun….
There was a Tim on previously giving a remarakably genuine bit of sympathy for their ‘currant’ plight….
Anyhoo, the boul’billy’s rejoinder to the well-meaning Tim was basically – ‘ Go stick it we dont need it’…..
…although he didn’t actually say the words he might as well have said “We arra peepil”….
(stage one – Denial)
HHH.
I want to hear how you’re getting on
I want to see you smile
:-))))))))0000
Paul67,
Great articles today, I’ve enjoyed reading them all and I’m thinking you have enjoyed writing them. :))
Keep up the Excellent work.