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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“Other stories about Rangers out there that people are working on”
“It’s not pleasant to break them”
“Brace yourself…”
Chick
My sides are splitting.
Shortbread
Billy Davies talking repeatedly about the currant squad……apt.
But, interestingly enough wee Chic lets slip that more of the brown stuff is coming out about his second favourite team…..
What is that about???? Sitting on a story…..He’s supposed to be a BBC journalist FFS.
If it was us, does anyone think he’d wait, or hold back???????
I wonder if Walter Smith is smoking a cigar with Tony Blair and Bertie Ahern right now
“Where is the twenty-four million, Mr Whyte?”
Oh it’s good to be a roaming Bampot!!!
Kojo
much of the same on all 1000 or so posts. Most need edited before they could be reproduced on this site.
Some heads in the sand, some fearing the worst, some blaming Whyte, Murray, AJ in fact only Broxi Bear escapes blame. Much comment that it’s all the work of a taig press. Some suicidal.
Eurochamps67 says:
31 January, 2012 at 18:01
BRTH
An excellent post as usual.
Could you also be Declan’s creator? ( a compliment)
EC67
———————————————————————————————————————————-
Ah now I have a son called Declan if that is to whom you refer????? lol
Reports from Ibrox that Ally McCoist has tried to jump out of the transfer window but has only succeeded in getting himself stuck. Sources say it may take some time to dislodge him so there will be no more comings or goings in this window.
That’s that then. :)
Hahahahahaha
1st ad on Clyde – “borrowing money is not always the answer”.
Seriously!!
Ten Men Won The League
Pavlyuchenko allegedly had a training ground bust up with Kevin Bond.
Paddy signs for Barca – Class!!!
http://www.skybet.com/cms/breaking-transfer-news.shtm?name=Paddy+McCourt
My beer tent, to be set up outside Ibrox tomorrow, will be open
from 8 til late. Sherrif Officers are more than welcome to drop in…
Chico thinks Scottish Fitba is dead in the warer without der huns !.
YA DANCER !
Hi all, Just a quick visit as my eyesight and concentration causes me some problems. (I also have short term memory loss which has come in really useful when the question of ‘so whose round is it now?’ arises. I have perfected the ‘blank-stare into an imaginary dimension somewhere behind the puggy machine’)
Anyway a quick glance suggests that things may be afoot or I could have read it all wrong. But I have noticed that Murray, The media, destruction, finances and general decomposition of the life support system down Ibrox way seems to be in the news.
In January 2008 I drafted a wee article for ‘another place’ which I came across the other day while looking for my football boots, doctor’s line and map to get to Leverndale.
Not all of it was right, relevant, coherent or even legible (drink may have been involved). But if you have a wee bit of time on your hands while awaiting the next big signing or aftershock from the Copeland road end of Hades you might while away a few minutes looking at my Nostradamien-like predictions.
Gadarene Swine – from January 2008
Have to go now as I am preparing my seer like analysis of how Scotland will win the World Cup in 2014.
Just remember what I said…’cos at the moment I won’t!!
Hail Hail
Estadio
Sunderland sign Kiriakos
is that the former big horrible Kiriakos
Brogan Rogan Trevino and Hogan supports Kano 1000 says:
31 January, 2012 at 18:51
Great News…
As a rule I don’t listen to phone in’s, I’m making an exception tonight – side splitting stuff on Clyde, “where’s the money”, one deluded hun after another! I caught the first few minutes of the real radio one, I though BFDJ was going to greet.
The champagne is on ice, to be fair I have had a bottle in the fridge for years waiting for the day maggie dies but I guess the death of the huns will do as nicely!
There has certainly been some good pieces of transfer window business for the Celtic. Decent work by Lennon and Lawell etc.
Forward James Keatings and Defender Toshney going out on loan to Premier League clubs should also hopefully prove to be good business if they gain game time at this level.
Best of luck to the pair of them.
On a side note, spare some sympathy for the Loyal troops of Darkness. Jeez what a state some of them are getting themselves in. I mean how would you feel if your Chairman had flogged the next 4 yrs worth of Season Ticket money and sold possibly your most valuable asset for a great deal less than the £18 mill they led you to believe they would get for him and still face a massively bleak financial black hole and a minor wee HMRC £40 mill + bill. (Well if they love their Queen so much they should pay their dues!)
Me and few of the bhoys thought about our clubs charitable roots and thought we would have a wee whip round for the unfortunate un-enlightened Orcs. Following our celebratory deadline day round of champers and whisky chasers, we all dug deep and came up with beginnings of our Rangers Relief Fund – tote = SFA
From the BBC…
Hibs’ new signing Pa Saikou Kujabi: “I can’t wait to start here and show the fans what I can give back to Hibs. I play like Roberto Carlos”
Ohhhhhhhhh errrrrrrr……..
“Alastair Johnston did come out”
Jim Delehunt know something we don’t?
I have long given my grim predictions of Rangers demise.
I was laughed at 10 years ago when I predicted that THEY would go bust.
Those who know me will realise how joyous, & vindicated, I feel tonight.
BE STILL & KNOW……………..
Really worried about David Healy turning it on now Jelavic is gone.
Might need a bigger tent…..maybe a marquee?
Really Worried
Dawyl now slagging off the old board for not doing enough to prevent the CW takeover.
As per radio snyde, craig whyte is the lee harvey oswald of ibrox….haha…deserve wat they get…
hail hail
Finnharp
SSN just reported Jelavic now back at Goodison and has signed for Everton
Themole says:
31 January, 2012 at 19:10
Really worried about David Healy turning
…………………………………………………..
No need, milk turns quicker!
What about Kerkar actually? Very worried now.
we r aw pure gutted aw ra rankers fans ur.
Lovin it.
totally and utterly deflated and gutted. Lower than Hibs
League championship has gone. Best player sold today,
This is great, This is great!!!!
The entire Murray era can especially be cast on the scrap heap.
Just thought I’d share that with you.
HH
AJ also tried to paint a rose tinted picture in regards to Rangers finances pre takeover saying the bank was happy. He then realised he was telling a whopper of his own & backtracked. Perhaps I’m paranoid but I believe this has all been orchestrated from the beginning. Whyte is and has always been a patsy, his tenure will be seen/reported as a mere blip in the history of Rangers. Once the club is bust a new white knight (perhaps and old one) enters all will be wiped clean & forgotten. Rangers 2 will be born & voted straight into the league. Some form of penalty will be applied that will amount to a slap on the wrist & newco will be free and clear. Craig Whyte will be long gone & forgotten about by then, only plus a few million for his troubles.
SmashingMilkBottles says:
31 January, 2012 at 19:10
Might need a bigger tent…..maybe a marquee?
have you thought about a temporary stand?
“these number don’t add up”, wetting myself!
Dawwyll the leagues gone!!!
Dry yer eyes ya muppet.
themole
They may push big broadfeet up front, he is prolific Scotland Internationalist goalscorer
100% record.
very worried
Gutted ,Deflated and talking of demonstrations on Clyde.Maybe see a cracked crest soon?——-or maybe not, after all its the ranjurs were talkin about