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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I got talking to Owen Coyle’s milkman’s second cousin in the chippie earlier.
Didier Drogba at Ross Hall having a medical as we speak.
Just in from work; any welcomes or goodbyes?
Has Jellylegs gone?
Updates appreciated compadres…
http://www.imdb.com/title/tt1592154/
Look what the medical at Everton revealed today
scottishleaf says:
31 January, 2012 at 20:02
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!
Another lol moment there matey.
a wee song for all to sing
Bye Bye Rangers
Yo ho ho, off we go
What do you know, it’s nine in a row
Bye bye Rangers
Celtic’s on the ball again, on the way to make it ten
Bye bye Rangers
You can talk about your great defenders
Sing and shout about your No Surrender
But let us give you this wee tip
We’ll be there for the league and the cup
Rangers bye bye
Yo ho ho, off we go
What do you know, it’s nine in a row
Bye bye Rangers
Celtic’s on the ball again, on the way to make it ten
Bye bye Rangers
You can talk about your great defenders
Sing and shout about your No Surrender
But let us give you this wee tip
We’ll be there for the league and the cup
Rangers bye bye
But let us give you this wee tip
We’ll be there for the league and the cup
Rangers bye bye
One of the early callers on Snyde… “we’ve been having financial problems and still winning, which is pure dead ironic, so it is”
–naw, you’ve been buying trophies for 25 years, you silly R*ngers fan, irony has nothing to do with it.
Jelly legs waiting in merseyside in the hope that Liverpool come in with last minute bid. Everton hoping to sign him after recently missing out on cliftonville’s Rory Donnelly.
Has Jelly become a Toffee yet?
SweetiesCSC
Weir, Ortiz, Jelavic, McMillan, Hutton, Fleck
That’s 6 players out and 1 in so far
If they don’t sign anyone tonight will they have enough players to fill a bench?
Right here goes again after been cut off mid blog!
I was just thinking that when Souness joined the hun, him and his megalomaniac chairman, well that was the start of their downfall as far as I’m concerned. They paid ridiculous prices for players from the old English 1st Division and over inflated wages no doubt. Of course it was fairly easy to tempt Butcher, Woods, Wilkins et al as English teams were banned from Europe for 5 years after the Heysel stadium disaster. And they continued to spend spend spend into the nineties and beyond. We could only look on with anger whilst they spent big and trumped us at every turn (for every fiver…..) I said many a time that I just couldn’t understand how they could possibly afford to splash out year on year on year. I firmly believed that this time would come. What is unacceptable is that it has taken over twenty years for them to be found out. They have cheated and lied their way to every title and trophy. I also believe that Souness and Sir Meglo are very much responsible for the state of football and the crazy financial situation it finds itself in the present day. They bloody started it! This is payback time. Sit back and enjoy.
Happy Pablo
Evening bhoys,
for those just in from work or who havent had time to read back today,Declans post today at 14.18 has to be
a contender for post of the year,enjoy
the long wait is over
He is being presented to the Everton fans at HT in their game tonight
You’ve done it all, you’ve broken every code And pulled the rebel to the floor You spoilt the game, no matter what you say For only metal – what a bore! Blue eyes, blue eyes, how come you tell so many lies?
Come up and see me, make me smile Or do what you want, run on wild
There’s nothing left, all gone and run away Maybe you’ll tarry for a while It’s just a test, a game for us to play Win or lose, it’s hard to smile Resist,resist, it’s from yourself you have to hide
Come up and see me, make me smile Or do what you want, run on wild
There ain’t no more, you’ve taken everything From my believe in Mother Earth How can you ignore my faith in everything When I know what Faith is and what it’s worth Away, away, and don’t say maybe you’ll try
Come up and see me, make me smile Or do what you want, run on wild
HH
Anyone have a clue when the Snyde podcast goes up?
I’m at work and want to listen to them hurt!!
HH
West Wales Celt says:
31 January, 2012 at 20:22
No, no and no…nothing to report.
Keep the Faith!
Hail Hail!
:::::::::::::BREAKING NEWS FROM IPOX::::::::::::
Rangers have just signed Jelavic’s replacement from the Bundesliga…
Jurgen Bustjacunts
If they don’t sign some players, Paul will be playing 5-a-side against them.
Welcome back Juarez. Really hope this guy gets back to his best with us.
the long wait is over says:
31 January, 2012 at 20:24
Has Jelly become a Toffee yet?
SweetiesCSC
share
////
CW’s baws are Toffee!!
Hat, coat, taxi
Huns will not be happy if Ness is away. They rated him.
Hibs have done a fair whack of business, should see them safe this season – that’s if anyone goes down.
‘ I’m happy to be back again,..
I greet you big & small.
For there’s no place else on Earth that’s like
the homes of DONEGAL.’
THIS is the day that the Lord has sent………..
Auldheid
“When JC said love your enemies he could not have met Willie. ”
I hope you were talking about another JC as I have never loved that lot.
Also tried to figure out previously who you were before from your ODA days.
Never realised i could accidentally click on your facebook thingy…dont do facebook
but we have met.
My wife works in ODA still Mags.
JC arent my initials and I used to see you regularly on a Sunday morning with Father mac.
Tenmen
Cheers
The Bold B’hoys
Genius !!!
Filter ma hoop
HH
Bould bhoys that’s going on my back for my perty.
Lol
SkySportsPeteO Pete O’Rourke
by celticrumours
Sky Sports understands Rangers + Celtic battling it out for Portsmouth striker Marko Futacs. #PFC #Gersfc #celticfc
Big Murph scores for Ipswich
Cheers Lennybhoy.
I thought our business was finished with Pawel but the rumours were coming so thick and fast last night I began to wonder…
Phew, what a day! How’s everyone doing?
Paddy Gallagher says:
31 January, 2012 at 20:27
If they don’t sign some players, Paul will be playing 5-a-side against them…
There’s a thought. What if we have a whip round, wouldn’t cost much at all, buy Castle Greyskull, and use it as the home of the soon-to-be-famous CQN January Window Memorial five a side team?
Hail Hail!
“I’m not comfortable that there won’t be further revelations” ahahahaha!
Any late deals in or out Celtic Sep?
Testing Testing 1,2,3…
Louis Saha… ;)
CelticSephiroth says:
31 January, 2012 at 20:32
Just dandy, the end is nigh or haven’t you heard…:) ?
Keep the Faith!
Hail Hail!
jC2 –
If you’re name checking Fr Mac can I join your gang too, albeit that I’m a Saturday Vigil man rather than the Sunday morning.
Jobo
Evening bhoys!
Genuine question here.
I’ve been invited to a surprise 30th at mordor on sat night. I’ve debated with myself and the other half whether to go or not. I dececided to be the bigger person and actually go but please help.
Should I go?
Will the party go ahead at all???
This isn’t a wind up lol
For all you lurkin’ Huns out there.
Alloa are 2 -1 up against Peterheid.
Hahahahahahahahaha