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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Who shot the blog maintenance man
HH
Mike
Zimmerman
They already have their cousin
Bouncy
Paul67
See the next time your away enjoying yourself,
think about us addicts and stop being sooooo
selfish.
MWD will be back soon
I can’t stand it when CQN goes away.
pigalle WhoIsNowAnAddictCSC
It’s all over, folks. Is it safe for me to leave the server and have my shower?
Thanks again to Andrew in Belfast for his tireless work.
We’re back?
So could their last ever signing be Celik??
Hello?
Thanks andrew
OK let’s get our game face on.
We must, must win the league.
100% focus on what we do.
Can anyone actually explain why David Murray is still not seen as the (great) architect of their downfall ?
pigalle
Celtic QUICK News?
Are we back then ?
Business is done at the bigot dome, what a shame :>)
Will swally waddle away or will he stay, he stays and loses any cred he has with the hoards, he walks, choices, choices, feck it have another pie…
and we’re back!
Cheers belfast andy………AGAIN! don’t think it’ll be the last time we’re thanking him this week either
just what on earth will tomorrow bring?
I think the count is 11 out and Cellik in at the bigot dome.
That;s what I call a goooood transfer window :>)))))))
If Rangers include liabilities owed to Rapid in their 5.5 M fee they claim to receive from the toffees just how much cash did they receive from Everton?
Paul67
You have created a monster.
A good monster.
G.O.D.ZILLA
pigalle
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Rangers manager fails to convince board to support him
Ally McCoist failed to convince Rangers chairman Craig Whyte to release funds to sanction deadline day additions to his squad, STV understands.
A meeting was held between the pair at Ibrox on Tuesday evening, with McCoist arriving with a copy of the club’s injury list to emphasise his need for fresh blood.
Striker Nikica Jelavic has been sold to Everton in a deal worth £5m plus add-ons, representing the loss of a player who has scored 17 goals for the club this season.
McCoist had identified Norwich City striker Grant Holt as a replacement for the Croatian, and had hoped to get a chunk from the sale of Jelavic to table a significant bid for the 30-year-old.
Rangers instead tabled a cut-price officer for the Englishman, which was instantly rebuffed.
McCoist had other possible targets – St Johnstone’s Francisco Sandaza, Rapid Vienna’s Hamdi Salihi and Falkirk’s Kallum Higginbottom.
But the club hierarchy decided not to make a last minute move for any of the trio, with McCoist leaving Ibrox ashen-faced following his unsuccessful meeting.
I feel his pain, no eally I do
HH
Mike
Leon Best 48 goals in 8 seasons? no thanks.
It seems Paul Slane is away to MK Dons………..I wonder what he’ll learn from Alan Smith!
Oh aye, 6, 8, 10 million for Jelly
….40%..
They got toffees from Everton…….
Protected by credit default insurance…. hmmmm
£24m hmmmmmm
We’re back, thank god
HH
MM
Well as transfer windows go that was pretty decent! We are stronger and they are weaker.
Two big away games coming up at ICT and Hearts. Positive results in these and we will be in a very strong position indeed.
I’m really looking forward to the rest of this season.
PS – do you think Mr Celek is impressed with his new club?
young Paul Slane gone to MKDons on loan – good
Lewis and James out too
and i saw that DUtd yesterday signed former Celtic trialist Milos Lacny on loan for 1yr
u17s result tonight glesga cup, rfc 12 paritck 1, was cold over there, rfc some decent young players
Sky going live to ipox after the break in 2 mins
HH
MM
Thanks Andrew for getting us up and running again.
Any late surprises from the Hoops? or are we being sensible and doing all of our work early doors.
What was the fee for Jelavic btw, if it is well under £4million then it is a lot more realistic.
Happy about this window but Celtic Must kick on from here and forget all about that other mob, we have a Big season ahead of us next year and it is imperative that we get into the CL group stages. We should be looking for the close 1 goal margin wins being turned into consistent 3 or 4 goal margins from here on in IMO.
I reckon FPLG will resign before friday
GIANT OCTOPUS vs MEGASHARK
I’m still backing G.O.D.ZILLA
Tank the huns ‘n’ win this league, Neil.
HoopsRUs
pigalle
!!Bada Bing!! Kano 1000 says:
31 January, 2012 at 23:23
Leon Best 48 goals in 8 seasons? no thanks.
Exactly. But why are we scrambling about in the last hours of the transfer window trying yo bring in guys like Best on loan.
Before I go to my bed can someone confirm for me that what I have just read on Phil Macs site is the distinct possibility that there is some very dubious activity indeed suspected at Ibrox?
I’m talking criminal.
It is a real ‘rub your eyes in disbelief’ article.
They really seem to have taken the ‘Wee Arra Peepul’ thing too far.
But still, I do not want them going bust before the league campaign is over. No excuses for them. Heck I hope they stay within touching distance of us until we can hand them a spanking at the bigot dome in front of their last full house for many years to come.
Criminal so it is. Pure criminal.
I think Ally will walk…despite his media friends saying he loves the club too much.
Must be a chance Sally will walk now,the knives are out for Whytemare now.Billy Davies swings in to town to see Tommy,appears on Shortbread and is looking for a job…..
a guy handcuffed himself to the goals(?) at goodison tonight – thought it may have been Jelly…
…”naw, am no goin back there, leave me alane”
saw Ally “Mr Business” exit Asbestox on TV
He must have done some of his badges at The Actor’s Studio ( pyooor ragin’ he wis)
Pantomime stuff.
His pc on Friday will be Box Office…
The games afoot……
MBB refusing to “release funds”………….
ah, the beer got spilled, the laughter continued, the cat got an extra bit of food……
pigalle