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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Jelavic signs for toffee’s – official
jellyfish paraded at half time at goodison
Malone 19
“I’m not comfortable that there won’t be further revelations” ahahahaha! ”
According to a well known book those “reve;ations” will include:-
In order of appearance:
1. John of Patmos
2. The angel who reveals the Revelation of Jesus Christ
3. The One who sits on the Throne
4. Twenty-four crowned elders
5. Four living creatures
6. The Lion of Judah who is the seven horned Lamb with seven eyes
7. Four Horsemen of the Apocalypse
8. Four angels holding the four winds of the Earth
9. The seal-bearer angel
10. Seven angelic trumpeters
11. The star called Wormwood
12. Angel of Woe
13. Scorpion-tailed Locusts
14. Four angels bound to the great river Euphrates
15. Two hundred million lion-headed cavalry
16. The mighty angel of Seven thunders
17. The Two witnesses
18. Beast of the Sea having seven heads and ten horns
19. The woman and her child
20. The Dragon, fiery red with seven heads
21. Michael the Archangel
22. Lamb-horned Beast of the Earth
23. Image of the Beast of the sea
24. The False Prophet
25. Whore of Babylon
26. Death and Hades
The bould b’hoys says:
31 January, 2012 at 20:27
:::::::::::::BREAKING NEWS FROM IPOX::::::::::::
Rangers have just signed Jelavic’s replacement from the Bundesliga…
Jurgen Bustjacunts
share
/////
I blame PL for not getting in their first! Haven’t laughed so much since me father-in-law crowned his partner with a desk lid.
Jobo
I know you and wee sticks
met you in legends with sticks at St J game.
Auldheid was a regulary many years ago. ?? 15 or so
Had my weekly listen to Clyde phone in when picking up my daughters from dancing. I should know better by now but I literally couldn’t help myself after today’s events.
It was the hun, fairly eloquent and coherent, making the point that surely business experts should be commenting on this stuff.
Fair enough says I.
Then he proceeds to state that this is the biggest sports story in Scottish history. No mention of our moment of staring into the abyss in 1994.
Now, you see ya balloon, it’s that supremist, egotistical attitude that has led you to the edge of your own abyss and that has resulted in us wanting to push you in.
Is that us back again?
jobo
The radio tonight was priceless.
A night like you will never hear again.
The death of Karma FC.
AJ was just someone trying so very late in the day to put a gloss on his total failure
to do anything to prevent the execution of his beloved team
Nevertheless, he still managed to mutter something about rANGER’s domination, and that’s
one reason I hate the whole pack of them.
The Clyde caller who was nasty at the Celtic fan’s sympathy – well described by scottishleaf @
31 January, 2012 at 20:02 in a nice little vignette on this very blog…
Chico’s parting titbit that there is MUCH MORE TO COME as regards the revelations
The caller who kept at it for The Hoops to pick up thems on the cheap and got a few laughs
Clyde are dolts – the barbed remarks about RTC and also reading out his email
YOU ARE ADVERTISING FOR HIM YOU IDIOTS !
Fabulous.
pigalle
Guy has handcuffed himself to the goalpost at Goodison – Jelly?
Everton v Man City game held up for 5 minutes by some nutter habdcuffing himself to Joe Hart’s post.
I reckon it was a rangers fan protesting the Jelavic transfer
Wee Darrell King takes the bait hahaha
http://www.youtube.com/watch?v=DmRqRWFZOVA&feature=youtu.be&a
Was that wee Sally who just handcuffed himself to the goodison goalposts?
Jelevic transfer off. He handcuffs himself to goalposts in protest but lead away by police. 5 minutes injury time being played at the moment.
Danny
Will be happier when the deadline passes tonight and the huns haven’t brought anyone in as I still worry they’ll somehow muddle through to the end of the season.
Apparently we have had a bid to take Leon Best of Newcastle on loan knocked back
Quick twitter update..Templeton staying at Hearts, still activity at Celtic…we’re definitely still trying to add to the squad…
Tweet tweet
Stuggling with a few things said by the ex-RFC chairman on Shortbread tonight – can anyone here help?
Quotes are to the best of my memory, not word for word but in context as said…
March 8th – MBB / Wavetower requested loan.
April ?? – Loan received
“He received that money before he paid for RFC?”
AJ – “Yes, it was put into a solicitors, his solicitors account, yes.”
How could the MBB use RFC assets as a security if he didn’t own RFC by this point as the takeover didn’t complete until May 6th 2011?
AJ – “It would be difficult for me to comprehend Tickitus, in lending this money to Rangers didn’t request and get a secured position.”
So they loaned the money to Rangers? Not the MBB? Surely this contradicts the answer above?
Surely before owning Rangers the best the MBB could get would be an offer to loan, with condition of ownership of whatever security was required?
Thoughts appreciated.
Thanks,
QB
Can u imagine how often CQN would have went down in 1994?!
southbhoy says:
31 January, 2012 at 20:26
Snyde podcast available now,,been listening to it for past 40mins..what a hoot!
5.5 million for jellyfish.. it gets better by the minute.
Phil has a new article up aswell lads….very sinister!
BBC Live – Scotlands transfer deadline day page –
Speculation about transfer activity involving celtic, we’re checking it out.
We’ve been told there could yet be an arrival at celtic before the deadline.
We’re hearing celtic have a list of targets they’ve been trying to work through.
Just listened to Alastair Johnston interview on BBC website.
The deathly sigh he gives at the end when asked is there more bad news to come out of Ibrox is tantalising.
He then adds, and I’m paraphrasing, “I’m afraid I know a few things and I’m not comfortable with what else might come out”.
They would have to sign Messi, Ronaldo and Sparticus to ever so slightly improve their chances, fact is, they’re pish!-and not in a good way.
As someone said to me when I went for a prostrate examination: don’t look back in anger!
Im here by myself..
wasnt me that broke it , honest …..
OK, I hear it was Oldtim who broke the blog. Either him or Mort.
Well Hello Hello again Bhoys.
Can I consider this a furst.
MWD
looks like phil mac giolla bhain has found the smoking gun,dynamite report
get in there
HH
MM
Sandaza in the frame i hear, depends where he is on the list
So AJ says the bank was delighted with the way Rangers were being run under his stewardship and willing to proceed on the basis of a permanent £16 million OD. Then in the next breath he states the bank forced the sale. Is this the guy the Huns are supposed to trust. No mention of the tax case either and a potential £49,000,000.00 debt. Hmmmmmm!!!
MWD
Translation of the White saga (from celticminded twitter)
http://i43.tinypic.com/29dwf0x.jpg
Brilliant.
Lubo.
I think Nikicha must have been a tad confused tonight as the Everton support belted out ” It’s a Grand Old Team to play for” Still reckon he’ll soon get over it.
Late tic bid for Leon Best on loan
went for leon best – hes not keen to come
HH
Mike
BREAKING NEWS !!
Rangers have signed two Czechs !!
Blank and Provi.
Leave Best to last
Leon Best my erchie. Where is that fae? SSN.
Hoblux!!!
MWD