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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If Whyte did not use the money to pay off the bank
Were did it all go…
HH
The mb poundaire is on ‘come dine with me’ on channel 4 just now. The grand in prize money could be handy I suppose.
Awe_Naw_No_Annoni_Oan_Anaw_Noo says:
31 January, 2012 at 16:56
“Jelavic off to Liverpool FC for talks……… ”
fer feck sake. jonny says: at 5:02 pm rangerstaxcase (are you allowed to cross refer?) that “post on cqn saying he is heading to Liverpool for talks”. Next it will be on the six o’clock news and SSB.
They don’t know they have been awe-nawed. You gotta tell them. This could end in disaster.
BRILLIANT on all the articles Paul…. You really have to laugh at the business ” acumen” of the Rangers board.. My youngest plays monopoly with greater foresight.. Tears predicted for the open line..
HH
Is the lad Higginbottom at Falkirk any good?
Played well on Sunday.
A Son of Dan-With QPR getting 2 strikers in,a loan deal for Mackie or Bothroyd might be a possibility.Got a text saying Murphy knocked back Blackpool and they might come back in for Paddy.
oh my effin’ sides, just seen that whyte statement for the first time!!
bit that particularly cracks me up is the oh so “dignified” way he says at the end:
“Craig Whyte, Chairman”
Con man more like!
Rangers: the gift that keeps on giving!
BEST. TRANSFER. WINDOW. EVER!!!!
Where is Amadeus with the latest news?
Amadeus – are you undercover ala Eddie Murphy?? Deep deep deep?
The Battered Bunnet says:
31 January, 2012 at 17:04
Must say, I did like the bit in the Record script that said Rangers’ fate was now in the hands of Octopus.
Suckers.
Sounds like they are in hock to a bunch of Bond villains! Hilarious!
Swiss
Right – off to the pub to annoy all the Rangers fans sitting glued to the telly waiting on the Queens Christmas speech.
What happens when the Octopus meets the Gorilla?
;o)
just got this- Celtic have had preliminary talks with Jay Boothroyd, loan deal depending on how quickly QPR get their business done tonight
googybhoy ♥ Celtic and Integrity says:
31 January, 2012 at 17:21
Is the lad Higginbottom at Falkirk any good?
Played well on Sunday.
************************
Heard today both Celtic and them have had an offer accepted by Falkirk..
The Battered Bunnet says:
31 January, 2012 at 17:17
Bada bing
Which languages is she using?
The same 2 as me mate,English and Rubbish;}
I would rather we left Jay Boothroyd at QPR to be honest. We signed a quality striker in Brozek, Boothroyd couldn’t hit a barn d……….
googybhoy
On his way to Huddersfield, who plays for them again?
bada bing
We are still very much active in this window, so I am told…
Modern last few hours of the transfer window without a ‘Robbie Keane spotted at Ross Hall’ text are just plain rubbish…
U
Paul67
So no accounts.
No sign off.
Sorry if I missed it had busiest work day since 1872/73.
MWD
Ulysses McGhee
I heard we are in talks with Darren Huckerby though ;-)
Just walked down Renfield Street and I spotted the Poundanaire in Cash Convertors.
Paul67 –
“More power to you, Craig. I’ll not have a word said against you.”
He’s certainly providing good value for Celtic supporters.
Celticmac – yer having a laugh! Sir Minty Moonbeam simply must hold on to his knighthood and any other type of recognition or reward this country has to offer….for services to Timdom!
He’s run the Huns into the ground, screwed them over for many many years to come and provided us with much hilarity.
The guy is a legned…..!
T4
PaddyGallacher . I dont think Falkirk can accept a bid for the player from anyone.My understanding is he is not there player he is on loan ? H.H.
Swiss Tony
There’s a thought. Spectre. You know, there’s something about Craig Whyte that is somewhat maniacal. Could he be running Blofeld’s North West European division?
Pabloh
Yasss!!!!!!!!
U
My mate in the Broxy Bistro found the first draft of CW’s statement:
ye feed the basturts! Ye gie them exclusives about how gallus we ur and this is how they thank ye!
Ungrateful, pen-pushin’, sook buckfast thru a shitey cloot, ally, spongin’, freeloading chancers, who couldnae string a sentence together if their lives depended on it!
Financially we’re skint! That’s why I’ve done what loads of other people do and got a deal aff WONGA, they’re on the telly so they must be good!
As fur some jumped up wee upstart telling me how tae run a business!? It was people like him that left this club in a bigger mess than a tramp’s gusset, the day ah take lessons from him about screwing up companies is the day ah’m chucking it!
Don’t buy the record!
Naw Brown ah’m no here for a ¥%#]~€!!! trial!
Sir Paul
Great…line ,kiddo…fae you…
“Mebbe, An Octopus ate his Homework!!…”
Kin Ah use it?
Heck.. Ye Knw a Wull!
and Jist like collie said yesterda..in his ain Inimitable style
McCoist his yist Tumbled..
“Heck , Boss.
“Say it’s No True Boss!…Ur We…Goin’ tae Hell ,in a Hand-Basket?”
Kojo
Chucklin’
Joe Filippis Haircut says:
31 January, 2012 at 17:28
I’m sure he’s been there since the season they got relagated from the SPL.
here we go on clyde
The sunny scenario is that Whyte limps along until the FTT findings are published.
This exposes the depth of corruption at play by the old Board over the last 11 years. Once the extent of the cheating is exposed, there can be no credible fast track argument for Newco into the SPL. This also scuppers Murray and King’s credibility as it is on their watch the frauds have been committed. The Daily Record therefore has backed the wrong horse.
Rangers are left in the hands of the penniless asset strippers – the only show in town.
They eat themselves (easy with 8 bloody gert tentacles).
The end.
HH
TLK
No more bids for Johnny Russell……may be late night alternative???
!!Bada Bing!! Kano 1000 says:
31 January, 2012 at 17:14
‘Guy on CM knows the girl who works for Celtic as translator , speaks 12 languages , saying still working on 2 signings’
They could do with her on Clyde to translate whatever language Dalziel speaks.
jelavic ‘to complete his move to Everton’
Kallum Higginbotham
In June 2010, he signed for Falkirk on a two year deal.[2] After a season where he did not fnd his best form, Kallum has now formed a fruitful striking partnership with Moroccan striker Farid El Allagui. In season 2011/12 to date (22nd October) he has scored 6 goals in 15 appearances (including 2 goals in 4 appearances in the Ramsdens Cup). In January 2012, Kallum was awarded man of the match in the 2011-12 League Cup semi-final. [3]
Plenty of EPL fixtures tonight……not sure how much transfer activity will go on while games ate played.
Zheng Zhi seen headed for Lennoxtown on a Rickshaw………………
Im hearing craig white has made a late bid for Peter Risdale.
They are in the queue for a medical at Govan health centre.
More news as and when we get it.
THE EXILED TIM. I am not often right but it looks if im wrong again. H.H.