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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PJBhoynyc says:
1 February, 2012 at 04:01
That Battle is over, now it is time to overcome an even bigger obstacle, Winning the CL from an even more handicapped position.
There is absolutely no doubt we can win it from the SPL.
The deflation is going to hit like a ton of bricks and the GOOD Ship Celtica is steady as she goes.
It is imperative we get into the Group stages this season.
.
Petec..
Re; Efrain.. Yea the Ability is Defo there.. Not a Time to Tinker tho.. Maybe a Couple of Second half Sub appearances ..
Need to Tell My Dad if Orcs go into Admin he will get His Club Deck cash Back..;0))) Ack l Might get My Wee Mam to tell Him..
Summa
Summa of Sammi…. says:
1 February, 2012 at 04:54
I don’t like hearing about ordinary (+club deck) fans getting shafted, these people put in money they probably cannae afford.
I’ve had a few tools nabbed and been totally raging but after listening to a few preachers etc, it is always a case of that person needing that tool more than me.
SOPA
It is scarey that……….
They have always controlled both sides.
There is nothing new under the Sun.
The control is just becoming more acute.
Quality Tuesday, Expectant Wednesday….
Morning Celts, Petec is it a Bhoy or a ghirl :>)
V
I kinda like the way that CW is running rangers (into the ground) and I’m very wary of the LL rounding on him, the newco game is underway methinks.
Let’s get the league won regardless Celts, we need to stay focussed.
The weather? It’s a bit nippy out there so get the scrapers oot if you’re driving and take care Celts.
V
HH
Hail Hail to Tom,
I hope you are back inspiring and antagonising people very soon m8.
Back to full strength is what ALL on this website wants.
I know I have annoyed you before (not intentionally) but this website just Wants you to get back posting regularly. I concur totally.
Essen Germany.
A wee bit nippy as well.
morning all
glad our young talented team are still together, still angry at the kayal injury, mon the hoops
Vmhan Supporting Lenny! says:
1 February, 2012 at 06:00
:))
antidote to the creature of Jekyll Island.
.
VHman..
Check Oot HUN MAN @ 1:09am.. You’ll like it..
Summa
jackie mac says:
1 February, 2012 at 06:12
Yes, and hopefully ALL of them will want to stay on for at least another 6 months when they experience winning the League with Celtic. ;)
These Bhoys are commodities unfortunately.
I hope Celtic do not have our Bhoys going around the world this close season. Neil will get us in to the CL proper because Celtic won’t be going too far away, I HOPE.
SoS will do, Petec later amigo, offski!
V
greenmaestro says:
1 February, 2012 at 00:36
I have heard similar m8. Esp re. the polis, certain ‘high heid yins’ in the Tax office were briefed on it at tea time last night about it becoming a target after whats gonnae happen today or tomorrow. Considering what i was told about 8pm last night, I’m certain somethings on today/tomorrow. The words ‘winding up order’ featured.
Vmhan
Think about how Good the Celtic development team is Rated in the UK.
Have a Brilliant day m8. ;)
John Kennedy should be Captaining us and cementing the fact we are the Best Team in Scotland.
I think Celtic has grown further when we have won nothing and I think this should be a shining example to ALL of Scottish football.
The amount of funds raised for good causes from this website alone is incredible.
The talent is here in Scotland but there is a dark force that is so short sighted and so bitter and so controlling that it is unwilling to give it up easy.
Good morning friends from a very cold and frosty East Kilbride.
Remember to allow an extra few minutes to scrape the windscreen. Only if you’re driving though.
Jobo
“They now officially have more Tax cases than quality Strikers.”
from eTims.
Enjoy your day fellow Tims!
Good morning all, and I trust we all jumped out of bed with a spring in our step on a fine, crisp morning?
HH
Giggs (in anticipation of meltdown….)
Vmhan Supporting Lenny! says:
1 February, 2012 at 06:05
I kinda like the way that CW is running rangers (into the ground) and I’m very wary of the LL rounding on him, the newco game is underway methinks.
We most certainly have moved into the Newco game
Graham Spiers comment on Snyde that collectively the establishment would not let Rangers go away was very revealing
The ole Rankers board have clearly cemented the auld alliances by giving succulent lamb to the the DR and the BBC both being 100% pro Rankers Newco we can expect the rest of the LL to be running pro Newco propaganda as well
If Celtic are going to object to Newco now is time to make your move
As for Celtic supporters like me i will be continuing my away bhoycott, its the only action that makes sense, as Newco in the SPL will happen
No breaking news yet? What’s the follow up for the Bye Bye Boys?
Jobo Baldie
Morning Jobo.
Got a wee day off, so Hi Big chap.
Hoping to get my wee Bhoy into a Saturday morning EK team (2000s) if you know any that are lord lucan, preferably training close to Greenhills.
Green tie day?
Have a Brilliant day m8.
Here’s a strange one as the headline story from the Sun:
SMILING Rangers star David Healy gives the thumbs-up as he poses for a snap with a former Loyalist terror boss.
Striker Healy, 32, grinned and even threw his arm around the shoulder of ex-UDA brigadier Jackie McDonald during a trip to Belfast.
And the photo sparked outrage last night, given McDonald’s sinister past — which saw him jailed for ten years in 1990 for threats to kill, extortion and blackmail.
One furious Irishman, now living in Glasgow, said: “I could not believe my eyes when I saw Healy pictured with McDonald.
“Rangers need to have a serious word with Healy. He should set a better example to kids.”
But in 2008 the Northern Ireland ace sparked fury by pretending to play the flute at Celtic supporters while starring for Fulham.
Later that year he received death threats for saying his goal “famine” had ended when he scored against San Marino. Hoops fans accused him of endorsing banned terrace chant the Famine Song.
Last night Rangers said: “David was visiting relatives and friends in Belfast and was asked to pose for numerous pictures.”
Now that the endgame is about to be played out I’ve really got to hand it to CQN, RTC and Phil Mac Giolla Bhain who have provided a path through the machinations at Rangers and the smoke screen provided, up until now, by the acquiescent Scottish media.
Craig Whyte is fast being revealed as the biggest patsy there’s been since Lee Harvey Oswald……..and here’s a little song for Mr Whyte
Mr Bad Example
tarrant says:
1 February, 2012 at 07:09
First time for everything. o_O
I, for one, am very happy with the business done in this window. For the first time since Seville does it feel like the board have best utilised resources to give the manager all the tools he needs to succeed. We could have bought another centre-half, but I think we are actually covered there now that Lenny has actually managed to get performances from Loovens and Dan. We could have moved on some peripheral squad players, but now is not the time to disrupt a winning dressing-room – do that in the summer. Until then, Lenny has to have every player fired-up and ready to run through walls to stop this reign of Govan terror. (I just hope we have adequate cover at right-back!)
All this talk about Rangers being done, or that they have sold the title, is nonsense. They have a lot of adequate players remaining with nothing to lose, who will kick, elbow and dive their way to three points most weeks, and the MIB will be on-hand to help.
We’ll have to win this by being 200% better than them.
petec –
I’ve taken blantyretim’s advice of yesterday morning and I’m resplendent in blue today. They don’t do irony. I do, which is why my shirts look smart ;-)
Can’t help you about your boys football team but if there’s anything in this week’s local paper (which we get later today) I’ll let you know.
Enjoy your day off.
Jobo
Celtic and Rangers
Pros and Cons
NB this is not a question!
I have been going through a wee tough patch both physically(illness) and emotionally lately.
Being off work has been difficult. though it gave me the full day yesterday for sky sports on the tv, talksport on the radio juggling between CQN and the rangerstaxcase blog.
What a day to be a Tim, awesome.
To top it all l fell asleep listening to clyde, hehee how Darrel is hurting.
Win the treble Celtic, please.
Mtt
Jobo Baldie
Thanks for the comment.
I don’t understand anyone who can not wear things that God gave us.
I love the fact you will go in with a big BLUE KIPPER.
That is why Celtic is So very Special.
I will be brutally honest m8 I’m looking more for a person being in a team and taking it from there. My bhoy is very shy and just really testing the Celtic cyberspace waters as I would like him to be able to train a few nights a week, more than anything else, he is not active at all when he is at his mums.
jobo
black today to go with their future…. o))
Time to revisit and rewrite that old classic – to the tune of bye bye blackbird
Pack your drums and flutes and sash – jellies gone – you’ve nae cash
Bye bye Rangers
The taxmans taken all your dough – will you survive – naw youll no
By bye Rangers
Noone ever seems to understand you – with all those bills and court writs they just hand you
Your cheatings plain for all to see – but welcome to division three
Rangers bye bye
Don’t miss the point…………..
Expect nothing from that organisation.
They won’t deliver anything we don’t know already or at least suspect. Certainly not News…..
They don’t seek to address the issues of Thems, they merely want to conveniently wrap up the current stooge in as much of the brown stuff as they can and then start the real sales drive for the next mob that come in – (in their eyes free from any baggage)
This is about Thems not Him.
This is about the last twenty odd years, not the last five minutes.
I don’t buy it.
HH
Petec,
I hope you don’t mind me commenting. Check out the community centre down next to Morrisons on Stewartfield way. There was a team training down there each night for boys of your sons age, however, I am a bit sketchy on details – Stewartfield thistle seems to ring a bell but could be wrong. I am sure the staff there would be able to point you in right direction with contact details etc.
My mate in the govan gannet’s canteen tells me that Ally has made one signing:
Effan Naebdae, good with both feet, tasty in the air and tracks back, unfortunately he’s crap at football!
Hail Hail!
Re the Healy photo with the loyalist. If I were the chef sacked from Ibrox over the Tepublican leaning photos on my Facebook I would be a happy man this morning. unless Rangers take disciplinary action against Healy, that should be an open and shut unfair disciplinary case. Got to love the Rangers bigots, idiots.
Hail Hail
JMS1888 wishes he was Neil Lennon says:
1 February, 2012 at 07:40
Thanks for the info m8, the wee man stays close to Morrisons. I think I have read about Stewartfield but disregarded it because it sounded too far away from greenhills.