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.
991 Comments- Pages:
- «
- 1
- ...
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- »
.
EN..
Do you Have WhatsApp..?
Sent you PM on it..????
001
2-1, 1-0, 2-2
sorry
my brain is bit tired to figure it out
hope you get the gist
:)
The Celts do seem to retire early on these taxing (no pun intended) transfer deadline days…..
pigalle
Finally, the end of the blog for tonight. The over riding lesson of it all?
Infinite patience produces immediate results. :)
Jeezo, it’s an historic night when the game’s up for the huns but everybody’s hit the sack…..
no can figure
I, for one, am celebrating big time, and may fall over soon , but that’s ok……
A night to remember © Shalamar
pigalle
HTML gone wrong too, blast………
pigalle
mark guidi
re sellin the club…
david murray says he has been on the dancefloor but never quite made it to the smoochies !
:)
pigalle
haha
methinks folk are
1 – knackered after a few days of heavy drama
2 – takin a wee time-out to get set to go again
understandably
I leave you with this thought.
The huns.
No more.
Old firm.
I don’t think so.
pigalle WhoWillSleepHappilyTonightCSC
Here comes the night shift.
It’s often a very taxing time of the day to sign on…
Anything being leaked on twitter, as to the DR’s continued “expose” yet?
“There’s only one Craig Whyte !”
I was trying this wee song out as I got my jammies on……..
pigalle
pigalle
100 year National Security order?
AuldHeid,
You have the patience that we should all try to aspire to.
Paul67s best comment today was….
“At Celtic we get proper financial information on what’s going on at our club – on time, but we have been fed hoary old tat like “Where did all the Seville/Aiden money go” as though there was any doubt on where our money goes (mostly on wages, before you ask). Feeding distrust in a club causes harm, but what causes more harm, distrust or utterly ignoring potentially damaging facts about a club?”
These scumbags have tried to divide us constantly just so they could keep near our level.
I still don’t sense much contrition from Rangers or anyone connected with them, if they were really serious about things they would take their punishment like an adult, join in the 3rd division and make their way back up the Leagues. Too much EGO still methinks.
CU podcast this week…
http://celticunderground.libsyn.com/rss
Karma FC RIP
night night
pigalle
petec
well said, sir
it’s a warning to us all, you know
a little humility can go a long way
darrell king
re the truth…
“its been something that’s been missing from Ibrox for a long number of years”
TopCorner says:
1 February, 2012 at 02:52
When hearts harden it becomes very difficult.
petec, sorry but, with respect, I am struggling to see any goodness in that link you posted with my name on it…
The paedophile connection to Blair etc, don’t get it, WTF……
My original question was about (Sir) David Murray.
This is waaaaay out of my league
and I don’t really want to be associated with this topic in any way…
mos def out of here
pigalle
hand-cuffs
TopCorner says:
1 February, 2012 at 03:05
Now THAT was good
pigalle
pigalle,
My sincere apologies m8.
I was showing you the Control Mechanism.
Sobering thought…
Heysel….Death.
English teams banned from Europe…TV money…greedy English players go to Ipox…The cheats almost pulled it off..but got beat by the French cheats(Bernie Bhoy)…who were stripped of their illegal title shortly after…
Remember this fellow Tims..we always had and will have the high ground. Because we come from below.
Hail (great to be a Celt) Hail
pigalle
I’ve told my Own Son not to believe everything he gets taught in school, difficult thing to do to a wee kid. So I hope that puts your own mind at ease.
I have told the Wee Man to make sure he Tops the Class with Mathematics.
There are always constants and Mathematics is the most important subject that can’t be distorted.
a genuine lad (Robert) comes on the show and offers an olive branch in a sense, saying he sympathises to an extent with decent fans of rfc
next fella comes on
an older gentleman, (Willie, by name)
a pleasant voice, respectable sounding….
can i just say to that Celtic fan who was just on there…
“we don’t need his pity” !!!!
and said with such hatred and venom !
i thought to myself…
no wonder the place is in such a state when folk like that, attitudes like that, are commonplace in this here society….an attitude of supremacy and we-are-the-people and so on
boggin !
Think on…
The Tabloids in Scotland,Daily Record,Daily Express (IN THE 60’S!) carried adverts in the jobs section with in bold type “Catholics need not apply”. And this was when the tide was turning!
We stand on the shoulders of giants/
Please don’t EVER forget that young team!
HH
TopCorner says:
1 February, 2012 at 03:31
Sounds like a man from the expensive seats @ Mordor.
petec
we have met that man on our travels over the years
one day it will all be laid bare
talkin of lying bare
moff tae ma bed
haha
thanks again one and all
bonwee
:)
What the Hell..
I was there the last time the Lions roared..
I was there at Ibrox when Joe Craig scored
I was there when 10 men won the league
I was there when Kenny came back and I cried
I was there when Fergus came
Henrick,Lubo,Sutton and all…
Wee Jinky was us.
That is all.
ps
the Jelly was signed for 4mill
not yet fully paid up
and was “sold” today for 5.5-ish
and not the 7,8 or 9 previously proclaimed from the rooftops
haha
http://audioboo.fm/boos/646848-thatsbrilliantman
TopCorner
The thing that excites me most about Celtic now is not the Excellent players we are bringing to this country but the Quality players we are about to bring into our first team through our Celtic system. There is only one way to compete against the very best and that is to bring through a lot of highly skilled young men who will play for Celtic for Free if it was ever needed (LOL).
.
Boruc is My Inspiration..Pawel..
The 28-year-old striker yesterday joined the Hoops on loan from the Turkish club Trabzonspor until the end of the season, with the Parkhead men having the option to make the move permanent. Brozek is aware of how popular Boruc became at Celtic Park during his five years at the club and aims to make a similar impact.
Speaking to the media through an interpreter at the club’s Lennoxtown training ground, the former Wisla Krakow player said: “It’s hard to beat such a club legend who the fans respect so much and who was such a hero, but obviously it is something to aspire to.
“We are a bit different, but I know him well from the national team and I always respected him when we played together. Of course the presence of other Poles who have been at the club influenced me. Lukasz Zaluska is here and [former players] Maciej Zurawski and Artur Boruc, who I spoke with.”
The capture of Brozek, who was also a target for Old Firm rivals Rangers, is regarded as a transfer coup by the Celtic manager, Neil Lennon. However, the Pole was not keen on giving the Ibrox speculation any more air time. Asked why he chose Celtic, he said: “Celtic were very determined to sign me so I never had any hesitation when they came in for me.
“It’s a very popular club with great players so I had no doubts about coming here. It was a pleasure that Celtic were interested in me and this was the only offer that counted. I am very happy that I have made it to the club and I will do everything to make sure I give as good a performance as possible.”
When asked directly if there had been interest from Rangers, he said: “No comment. Not officially.”
Lennon hopes this summer’s European Championships in Poland and Ukraine will inspire his latest recruit to hit the ground running at Parkhead.
However, Brozek insists his aim is to first of all find a place in a Celtic side which has Anthony Stokes and Gary Hooper in free-scoring mood with 33 goals between them this season.
“I am a hungry player but I am not thinking about the national team at the moment,” he said. “My main task is to fight for a place in the starting eleven at Celtic. If I manage to do that then I can start thinking about a place at the European Championships.”
Meanwhile, the midfielder Efrain Juarez has returned to Celtic after his loan spell at Real Zaragoza. The Mexico international spent the first six months of the season with the Spanish side, making 15 appearances, and he will now rejoin the Hoops for the rest of the season.
Juarez moved to Celtic after the 2010 World Cup in South Africa and featured on 19 occasions last season. Speaking to the official Celtic website, Lennon said: “We are pleased to have Efrain back after his loan spell ended in Spain, and he will provide us with some more options in the side, particularly with Beram (Kayal) being out injured.”
The Rangers chairman, Craig Whyte, yesterday denied using supporters’ money to fund his takeover and defended the decision to sell Nikica Jelavic to Everton as a good return on the club’s investment. Whyte saw transfer deadline day begin with revelations that more than £20m had been borrowed in lieu of season ticket sales. The businessman confirmed that fact but dismissed claims that some of the money had been used to secure his deal to take control from Sir David Murray.
Whyte bought Murray’s stake for £1 in May last year but also agreed to pay Lloyds their debt of around £18m while investing in the playing squad.
In an open letter published on the club’s official website, Whyte said: “I can categorically assure supporters that when I launched a takeover bid for the club it was funded entirely from one of my companies and that was demonstrated clearly to the satisfaction of the previous owner, Lloyds Banking Group and professional advisers.”
Summa
Listening to SSB.
Various degrees of Post Traumatic Shock disorder from all for different reasons. Monotone emmmmms proliferate… Hunners of them.
Funniest so far the caller who says…
We have been suffering for years by the way,, and its ironic, its PUUURE Ironick, that we won things when we were suffering…
Felt like shouter warmer warmer as his intellectual snout brushed the root…..
There is one thing bothering me about the 500K Holt bid, and that is simply, why?
If you really did have 500K to spend, would you only make one bid, for one striker, you knew you were not going to get? Especially when you need at least one striker.
If you never planned on paying the 500K, wouldnt you offer more, to make sure you got the player?
If you just wanted to plant a story, to make it look like you tried to get someone, wouldnt you offer just a bit more? (Lets face it, if the offer was even accepted, you could make a deal break down on personal terms anyway).
Who leaked this ‘bid’, and in who’s interest was it to leak it?
Option 3 looks like the most likely to me. But it looks to be done in a hurry, with no real effort. Bit of a sign of things to come perhaps……?
Summa of Sammi….
Efrain has nowhere to go now, perhaps he will decide to turn it on big time now.
I think Neil will give Efrain a chance to ressurect his career, he is a cracking player if he is motivated.
I think Lukasz is as big a fan of Celtic as any fan now and I hope Pawel follows in his footsteps.
Celtic is at the start of an Amazing journey. The multitude of Mustard seeds sewn globally will ensure the name CELTIC is appreciated in every continent and there will be Millions soon enough who feel their Spiritual footballing home is at Celtic Park because of the charity from Celtic and their fans.
I really do hope the GB have a lovely “Craig Whyte Celtic Supporters Club” banner ready for Terry at the weekend.
My Polish workmate sent me this youtube earlier.
http://www.youtube.com/watch?v=KWqVHmVQErY&feature=player_embedded
Worth keeping an eye on.
Current possible debt according to Alister whathisname 42M.
Wee tax bill 4M.
Big tax bill 49M
If Administration then debenture liability 7M
Thats a whopping 102M