Trending
Celtic News Now
Celtic Quick News on News Now
Celtic Quick News
You are at:»»Whyte opens door on finances as securitisation confirmed

Whyte opens door on finances as securitisation confirmed

991
By on CQN BLOG & Comments

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.

Click Here for Comments >
Share.

About Author

991 Comments
  1. Pages:
  3. 1
  4. 2
  5. 3
  6. 4
  7. 5
  8. 6
  9. 7
  10. 8
  11. ...
  12. 27

  2. Swiss Tony on

    starry plough says:

     

    31 January, 2012 at 18:21

     

    Swiss Tony says:

     

    31 January, 2012 at 18:20

     

     

    I got it thru’ I-Tunes Swiss..

     

     

    Show aff…

     

     

    Swiss ;o)

  3. ArranmoreBhoyLXV11 on

    Trialist sent home…..AFTER LUNCH… They ll be gutted they had to pay for his happy meal.. Snyde picking their words with caution..

  4. bankiebhoy1 on

    Rob, joined by Chic and Billy Davies on shortbread…….

     

    Fancy that eh?

     

     

    ….soon to be joined by Aleister Johnston……

     

     

    REALLY?

     

     

     

    Hmmmmmmmmmmmm.

  13. Eyes Wide Open on

    Gordon_J backing Neil Lennon says:

     

    31 January, 2012 at 18:16

     

     

    I hope Celtic have a private taxi driver sitting outside Ibrox.

     

     

    Its last minute.com at this stage – so if they afford to bring anyone as far as the Ibrox gates – lets just buy them.

     

     

    Brilliant

     

     

    They did it to us, illegally as we all now know – for years. (il never forgive them for Dariusz Adamczuk and ok ok Nacho if you want to kid us all that you should be on that list too il do it just to shut you up you gnat!)

  14. bankiebhoy1 on

    Let’s be hearing from former chairman, colourful impresario David Murray…..

     

     

    I’m sure Jim, Chic etc has his number……..

  15. Barrach Obampot on

    Evening CQN.

     

     

    First time listening to Synde

     

     

    or is it The Samaritans

     

     

    its hard to tell

     

     

    :-)

  22. twists n turns on

    ” acomplete disaster” “absolutely gutted” “we’re getting shafted” “lets end it now”

     

     

    going well then…..

  23. hen1rik on

    There is only 1 guy to blame in all of this and it’s Sir Minty, the media are at work now trying to get rid of Whyte and you have to ask why oh why.

     

     

    Sir minty must have some power over these clowns, maybe he knows to much about the hacks.

     

     

    They wan’t to drive a wedge between whyte and the fans, plan working.

  31. Joe Filippis Haircut on

    Fatty McCoist seen stomping out of Ibrokes a reporter asked him had he fallen out with Craig Whyte over the lack of transfer activity? No said Fatty as he climbed into a large 4×4 Craigs just sent me out get him some chips.H.H. ;- )

  32. northbhoy ... \o/ on

    This is just fantastic totally agree with

     

    Caesar says:

     

    31 January, 2012 at 18:05

     

    Darly sounds like a wee boy who is about to get into trouble off his grand loyal uncle George. How great to know that the poullets, (French for a capon) are about to come home to roast !!!!

     

     

    Baw jaws McC leaving ipox like a very unhappy man, Why does Jelly need to go back to have a shower before signing, Call to Whyte, give me more money or I will come back,,,,,,,,reverse brass neck. I love Croatians.

     

     

    HH

  33. Gordon_J backing Neil Lennon on

    Sounds like the penny is well and truly dropping.

     

     

    BTW, how about a sneaky wee bid for one of their players? Not sure I’d want any of them, but it would be fun to have them discussing whether or not to take our money

  34. Kojo on

    Efter, takin a Gander at How the Mighty G.A. hiv Fallen..

     

     

    If surprises the Bejabers oota Ma..

     

     

    Why thur is Still..

     

     

    A Bunch of Shoartsighted Subscribers,oan Here..’

     

     

    Who Still

     

     

    Moan.. And Groan And Complain and Carp… aboot

     

     

    How ..POORLY… the Celtic Board are Runnin’ OOR Railroad!!!

     

     

    Sheeeeeshhhhh…! Some Mithers DAE hiv ’em!!

     

     

    Kojo

  37. bankiebhoy1 on

    Pantomime stuff now, Whytey as Bogeyman……..

     

     

    No guilt, no responsibility no mention of Murray……

     

     

    They only want to focus on ‘pats’y Whyte

     

     

     

    Shameful

  41. Kittoch on

    Ally’s in the boxing ring with Neil and his own team have tied his hands behind his back

     

     

    you wouldn’t blame him if he walked!!!!!!!!

  1. Pages:
  3. 1
  4. 2
  5. 3
  6. 4
  7. 5
  8. 6
  9. 7
  10. 8
  11. ...
  12. 27