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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Did WhyteLie ever get the little Health and Safety problem sorted? One would assume that he had to to get a certificate for the Bigot Dome.
Does anyone know if that story had any merit? The old Asbestox thing? Not to mention the general shabby appearance of the stadium?
Bed for me.
Hopefully they will sign some more washed up Norn Iron players tonight to keep the bear pit quiet. I enjoy their delusion and fear it is coming to an end.
Shall enjoy Fat Jim Traynors attempts at spinning his way out of his total incompetence over the last 3 years and the course of this story.
Laugh at them.
Just seen a trailer for new movie “Man On A Ledge”………..
Mr Stimpson
I think Dodgy Dave has an appointment scheduled with his Nurse at Murray Park tomorrow. :)
A thought – If a Newco are, god forbid, allowed to re-join the SPL could Celtic in protest refuse to allow sky TV into CP thereby rendering the 4 x OF games clause null and void and basically throwing it up the other teams that voted to allow cheats back into decent (sic) company. No OF games = no TV revenue. Could and would the SPL be able to sue Celtic for loss of revenue – i doubt it as UEFA may have a thing or 2 to say about it.
http://www.couriermail.com.au/sport/soccer/brisbane-roar-wont-rule-out-luring-matt-mckay-back-to-the-a-league-club/story-e6frepmf-1226258759581
“Roar coach Ange Postecoglou yesterday revealed Rangers had approached Brisbane about taking back McKay, who has hardly played since leaving the A-League champions for the Glasgow giants in August.”
what a bloody shambles that club is!
Dont want to rain on the parade however have we not been here before excellent transfer window only to see all go WRONG. Lets keep the focus a treble is upon us lets go for it the usual nonsense 1 game at a time whatever happens to the other team lets keep this going HH
Petec – agreed. So glad we caught them up and took over while Jellylegs was still in the team.
Anyone want a sweep on how long it will take jellyfish to get a yellow card for diving in the EPL?
I am going all out for a 10 minute mark booking for an outrageous dive and a look of remembrance on his face which says ‘oh yeah, I only ever got away with that at Ibokes’
HMRC are Darth Vader!
Stands by helplessly as the Emperor screams ‘Unlimited power!’ in Episode 3.
Throws him down the cludgie in Episode 6.
obonfanti1888 says:
31 January, 2012 at 23:45
——————————————
Mackay will be getting a regular start up front very soon! In fact the tea lady has been told to get her fitness levels up and her boots polished…
Craig Whytes new song to be played before home games – Sry Tina – http://www.youtube.com/watch?v=lpAyATK5lG8
Hail Hail
Finnharp
THE EXILED TIM says:
31 January, 2012 at 23:42
Aha but that might go a bit close to the MI6.
THE EXILED TIM says:
31 January, 2012 at 23:42
I wouldn’t be surprised if in the next few weeks, if the real investigative jurnos got their teeth into it, they would find that loyalist drug / money laundering wasn’t involved.
Please please please let the oh so Gay Johnny “Mad Dog” Adair be at the centre of this- just how awesome would that be?
Go into company check website and type in ticketus …… wow!
Heading for Bedfordshire….
On the’ Exiting McCoist’ – very surprised at how duff his motor was…..
CarSpotter CSC
Rumour doing the rounds that Moisty has left the building.
Someone decipher what this good news is?
Telegraph – Rangers Accounts story
SwanseaBhoy
BankieBhoy – he’ll be glad of ‘We’ll buy any car.com’ very soon……..
another interesting point is that if the hun enter administration then they need to pay out the club deck debenture holders. another bill for 7M…
I don’t want the hun to go out of business because this is just too much fun.
Some guy on the radio just claimed that they bid only 500K for Grant Holt.
Wonga aye ready to sponsor Rangers.
Councils in Elgin, Peterhead,Montrose,Stranaer,Alloa, fear they may have to increase Council Tax payments to cover the cost of extra security when Rangers come to play in their towns. There is no truth that they have discussed tanks on the streets. Tho they havent ruled out the possibility. Some have contacted Manchester police for advice.
Petec – even Wonga wouldn’t lend them money!!!
Ok £5.5m from a named club……bet they wish they had taken that £9m from the un-named club, in the un-named league from the un-named country, on the un-named planet a matter of months ago???
My goodness, how many season tickets does that deficit amount to? and over how many years??
Celtic have had a good window, credit all round
one lesson…..lets stop even talking to EPL overrated, self important players…….leon best, jimmy whats his name, david james and sol campbell…..
we don’t need them, we are not and should never going on bended knee for players who either have never been that good, or are at the fag end of their careers
there are lots of good hungry players out there ……lets stick with them, and leave the EPL to its own overrated devices
Mr Stimpson
We all want Rangers to stay in business in the way they are at the moment. ;)
petec
I made a grand total of 3.75 euros, not your brit pounds tonight, a win is a win, hit the bar again on 3 other lines, 7 from 8, 6 from 7 on 2 other lines.
The biggest let down was manure, had it at over 2.5, had 4 others at over 3.5, they all came up, over 800 for a fiver, but hey ho not to worry, I will keep on at it.
Can’t believe all these years I heve never cottoned on to the goals thing, woods for the trees springs to mind, anyways, got there in the end.
Mr Stimpson – £500K – I suspect the answer was fairly short and ended in ‘OFF!’ before the phone went dead.
Dignity. Deary me.
Right, their demise is now costing me sleep. Away to the bed……
That was a Toyota Landcruiser, a very strange club car, or has the club Audi already been returned?
RobertTressell
Incredible but absolutely true.
Brilliant.
Further Revelations.
If it was a movie it would be a duff title.
But I’m soooooo looking forward to them tomorrow……..
pigalle
Ten minutes to go still no sign of a marque signing – not that i expected one but a Robbie Keane type deal would really be a GIRFUY to the penniless beasts. An immense psychological punch to the cerebral functions (if they have any) of the followers of the dark side
pauloantony says:
31 January, 2012 at 23:23
Octopus VCTs
Octopus Investments, a timmy conspiracy? http://www.octopusdei.org/static/gif/logo/logo.big.gif
fine articleon Phil’s site, this story is gonna roll and roll and roll
Bada bing
You might well be right, he’ll end up there before long. Not a bad fit for them either
SwanseaBhoy – It means Whyte is again sticking 2 fingers up. he is delaying the accounts until April. Which means he is not providing audited accounts on time for a European licence. he is also shortening the accounts to end April 2011 therefore removing the need for him to show anyone what transactions have taken place after April.
In a nutshell he is at it….
SwanseaBhoy says:
31 January, 2012 at 23:49
Someone decipher what this good news is?
Telegraph – Rangers Accounts story
SwanseaBhoy
Another example of Whytes duplicitous activities, this guy knows all the tricks of cloak and mirrors,
he is well versed in the companies rules, he has done it all before.
Asset stripper extradiaire
HH
MM
Any hear earlier jim White, at end of transfer window say “Zamora and cisse away to Coons Park Rangers” I rewound sky a few times and definitely sounded like that.
SffS
RobertTressell says:
31 January, 2012 at 23:46
The Jela-dive booking is something to look out for and savour, for sure……
pigalle
Old Firm..
Huns= OLD
Bhoys= Firm?