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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I don’t know about you, but I was appalled to see that UDA guy posing for a picture with a known hun “striker”.
What will this do for the peace-process?
I demand a full apology.
I think if given the chance Juarez can do what Neilly wants Brown to do, but the difference that Juarez can do it a lot better and he has ability. Brown is asked to show aggresion, to close down the opposition, protect the RB, to be the enforcer and get into the box. IMO Juarez can do all of them better than Brown. Brown only wins in the the stupid bookings count!
blantyretim,
Prayers for you Big chap, I am guessing this is on your mind Constantly.
Noone knows what is really the fate we meet but there is a lot of stuff that when you delve into it.
It makes saying anything easy.
I couldn’t believe the kindest boy in my Primary School (p7) would get knocked down by a vehicle and I never saw him again.
That really shook me more than anything ever did and still my parents protected me as much as they could from any bad influence.
God Takes the Very Best ones early and it is inter generational related.
The Battered Bunnet says:
1 February, 2012 at 08:43
Thank You very much for this info, I just want the wee man to be playing as often as possible. He is an excellent trainer as well and being in a group who actually listen to the coach would be an added bonus.
RIP Reamon
May god bless Reamon Gormley.
LB
Just popped in to say…
May God’s Light Shine Upon The Gormley
Family And Close Friends.
God Bless.
The question that was raised over Craig Whyte´s ability to get a multi tens of million pound loan based on income from a company that he was yet to own does not seem to have been answered ?
Or have I missed a post ?
Imagine you are going to buy your local Palais Cinema make it a goer.
You go to the bank manager to discuss this proposition ?
He laughs in your face and he tells you to GTF
You then go to the provi man … he laughs in your face.
You then go to Dodgy loans r us ?
They ask you how are you going to finance this deal ?
You tell them that you are prepared to directly give them the ticket money for the next four years from that cinema
Now at this juncture the Dodgy loans r us either laugh in your face and if they dont then they simply want a piece of the action
So the question is would Ticketus be interested in being involved and being a long time major player running the huns ?
I think that was the thrust of Alan Johnsons argument on BBC last night.
Ticketus will vie with HMRC as being the major creditor then.
Can Ticketus and HMRC come to an arrangement about keeping the huns alive to bleed them dry ? serious question as it would seem that if this is the outline then the huns will be around for the next 50 years bleeding a fully packed Ibrox dry of any profits.
Yeah as a business plan it has serious flaws.
So with the Jelly money the huns limp on paying what needs to be paid until the court case publishes it´s findings. Ally will stay in situ. Mibbery will be so rampant I can see the SFA putting five stars on their shirts. Kyle Lafferty will like Novo, Boyd and Miller will over night a scoring sensation in Scotland become.
Is it only then that things will become apparent.
Anyone else convinced the judges will delay their decision yet again until say the summer ?
For the record. I believe Craig Whyte. He might be being economical with the truth but that´s a hell of a lot more than the whoppers coming out from the previous regime.
Hail Hail
Amadeus – sounds like you are jesting? For what it’s worth, I think this photo clearly shows Healy knows exactly who he’s with, hence the thumbs up. It reminds the public that Rangers players continue to enjoy a cozy relationship with the UDA and that the bullets and bombs campaign is inextricably linked to this.
No doubt a coincidence, but interesting it appears on the same day in the Sun that the Record has a big article on Gail Sheridan being called an effin Catholic Cow in a hate mail campaign.
I echo the sentiments regarding Reamon and have made a donation today to the goodchild foundation in his memory. I gently suggest that we all do likewise.
It’s what we are about, and thank God that it is so.
We will win this league for you Reamon. I hope the club will find a way to acknowledge this.
greenjedi says:
1 February, 2012 at 09:06
Totally agree with you re: Juarez – Brown
Juarez is box 2 box, Brown is a headless chicken! IMO!
Hail! Hail!
Amadeus
What UDA guy and what hun striker??
HH
Yes, I was jesting. Wake up you schmoob!
Peace and prayers for Reamon’s family now and always.
God Bless
SB
southbhoy says:
1 February, 2012 at 09:19
http://www.thescottishsun.co.uk/scotsol/homepage/news/4100851/Rangers-star-and-UDA-boss.html
Bright, brisk, beautiful morning here in North Ayrshire.
Jackie Macdonald was instrumental in ensuring loyalists continued to support the peace process. he would be regarded as a community activist in this part of the world. it is also important to note he was good friends with former president Mary Mcaleese and her husband and was regularly photographed in their company.
it is a typical tabloid trash non story
UC
Got a text saying Press Conference @ Poundland 11am……………Probably nothing but Sally is a Man on The Ledge.
I have heard from a good Everton source that the huns insisted on 7 day terms for the Jelavic transfer fee. Cash to Rangers is £4m. Money to Rapid and agents takes the deal officially to just over £5m, and Rapid keep the sell on clause with Everton.
West Ham were offering more but only a smaller amount up front and that is all they were interested in. Jelavic’s wage demands were huge and Everton nearly sent him home at 10am. I didn’t find out if there was any sacrifice at the huns end to force it through. Either they did or Jelavic dropped his demands considerably, or somewhere in between, but Everton don’t do deals that don’t fit their structure.
Mickthetic-Chin up mate,hope you on the mend.
RIP Reamonn.
petec
cheers mate
thoughts are with his family and friends….
Healy? Is his auld man not involved with the paramilitaries ?
greenjedi at 09:06
Scott Brown has picked up 2 bookings this season. One for Scotland, and the other against Udinese.
Juarez has picked up 6 bookings in Spain in 15 appearences.
Efrain Juarez may turn out to be a good player for us and I hope he does, but at the minute he is no Scott Brown.
Mort
Ulster-Celt at 09:31
Agreed. I see nothing wrong with David Healy posing for a photograph with him.
Mort
may god bless the family of reamonn gormley.
shortly after his death the justice minister kenny mackaskill was quoted in the media as saying that knife crime in this country is down but we are not getting complacent.
no reassurance in that statement for reamonn’s family.
the individual who released the violent thug back onto the streets of blantyre should receive the same sentence as the murderer.
that would concentrate the minds of the law makers and those in the justice system.
the life of one reamonn gormley is worth more than one hundred thousand violent criminals.
think we should listen to UC on this, he knows what is happening..
just another story to stoke up trouble in Scotland led by hun media…
RIP and God Bless and Keep Reamonn.
KLV
http://www.victorianweb.org/history/famine2.html
A short insight into why Celtic exist.
Morning BHOYS, we in for another crackin day or what? i tried logging on last night and someone had killed the blog deed, stone wall, I paniced and thought we had signed a cracker or whyte was jailed.lol either way. He is being stitched up a cracker by our media and moonbeams walks away scot free. more to come and healy is an idiot i dont know why this guff this morning surprises anyone and he should get done for it the same as the devildome employees who posted on fb.
Hail Hail Bhoys and I’m off to bed after Night shift. I saw some one posted about Parks and Recreation earlier. AWESOME SHOW!!!!!!!!!
KLV
!!Bada Bing!! Kano 1000 at 09:33
Where can I watch the comedy show errrr sorry Press Conference ?
So where are we going to see the ole bespoke housing development first- Ibrox or Tynecastle?
My thoughts are with the family of Reamonn today.RIP
On the Healy/Jackie McDonald photo.Its nothing to get upset about.He has been welcomed to Aras An Uachtaran by the President of the Republic Mary McAleese (ex president now of course) and has played his part in the peace process.
Its a non story
Of course if it was Neil Lennon embracing Gerry Adams I think there might be a bit more outrage in the Scottish Press
I’m keen to see Pavel Brozeck in the hoops.
Paul 67, listed amongst his many qualities, his ability to play as the lone striker.
I feel Neil stumbled across the best formula for the lone striker role when, he played Stokes up as the leading striker v’s Rennes away.
Anyway, the more options the better.
Hail! Hail!
@ Blantyre
I concur re UC and apologise for being facile earlier.
It’s actually pretty nasty what the paper has done there. Lives are literally at stake and that is a fire that needs no fuel.
Meanwhile, there is talk that summat is up at the house o’ satan today.
Sally won’t walk, I have that on the best authority.
So what is up?
Can there be even more gravy?
sun being arseholes with that pic
seems harmless to me
Mort says:
1 February, 2012 at 09:38
greenjedi at 09:06
Scott Brown has picked up 2 bookings this season. One for Scotland, and the other against Udinese.
Juarez has picked up 6 bookings in Spain in 15 appearences.
Efrain Juarez may turn out to be a good player for us and I hope he does, but at the minute he is no Scott Brown.
Mort
…………..
Thank God!!!!
Thoughts and prayers with Reamonn and his family.
God Bless.
Getting Efraim Juarez back is like signing a £2.500.000 player.
Wait a minute….