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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Dawyl – I’ve got a feeling Jim we’ll never know the true story of the Rangers finances
Alasdair Johnston was worth tuning into Radio Scotland for.
I’m playing fives tonight, will not be back for a couple of hours, so don’t break the blog!
where’s did the NTL money go
Good question
It’s all the sports journalists fault cause they canny add up! You couldn’t make this up
‘Journalists’ talking unconvincingly that they are not ‘business journalists’……..
As they’ve only latterly became experts in errrr……..”offensiveness” and emmmm “sectarianism”….
Perhaps we can give them a wee bit of time then?
Aye.
Snyde advert
“Rescue Me”
dont be fooled by propganda hahhaa
I wonder if CW took out that PPI , there are plenty of folk out there willing to help you get it back.
Guidi breaking out the old “blogs can take a punt and write what they want but poor us is bound by the rules” line.
Who does that joker think he’s kidding?
Lies, lies and more God-damned lies!
The adverts on Clyde have to be a wind up!!
Who we playin this weekend??? we Need to be ruthless now! lets stretch away with this!
..the most interesting bit of the Alastair Johnston interview was the revelation that HMRC are investigating Craig Whytes takeover to see if he paid the relevant tax for that!
What The Fruitcake!
Paul 67
Congratulations on your prophecy of the demise of GRFC. You have made the 3 witches from Macbeth look amateurish! I have just read the CW statement and cannot believe it has gone unchallenged by any media (let alone sports) journalist. It is full of obfuscation and window dressing. In short it means absolutely nothing. No wonder this man was barred from being a director! His running of his club makes our board look like world beaters! Iam no beancounter but how, in this day and age, can you borrow against something you do not have. If this was Celtic PLC there would be funeral pyres in Kerrydale Street.
Who,s sorry now who,s sorry now Who,s sad and BLUE He He He
Darrell King, Sports Editor at the Herald & Evening Times: “Ach, I don’t think we’ll ever know the truth about Rangers’ finances”.
Naw, not with that attitude we won’t.
He’s completely resigned to being befuddled by stuff that’s clearly way over his head.
Mental.
whats all the fuss about has something happened?
have we moved any of our squad players out the door yet?
still got 100 players or what?
Eurochamps67
I take it your finding the adverts hilarious as well.
we won’t break it Paul67, well that is unless there’s more revelations on the way ;)
Journalists hiding behind the line we have to be careful what we write, deary me…
When Whyte says that one of his company paid for the takeover of Rangers, does he mean the whole pound??
Just seen footage of Aunt Sally leaving ibrox p1shed off and refusing to talk to jouralists.
HaHaHaHa…
Rangers have rejected the valuation of every single player everywhere.
Loving snyde tonight.
Dawwyll referring to Sir David as just plain Murray and Guidi saying not to believe the propaganda, referring to the rankers statement as he will obviously back his papers stance today.
This is just sooooo good!
HH
/Bishop B
ohits
I love irony, you would believe that Awe Naw was responsible for their programming of adverts.
Will mcoist resignation be announced tomorrow at a press conference ?
Time will tell
Reliable gentleman
Paul67,
Those tanks you’ve been talking about the last few years, do they belong to Charles Anderson??
;-)
HAIL! HAIL!
Token
Brilliant call now, jingle jackson says craig whyte is a MBB oh i did lol there.
Hilarious
http://www.youtube.com/watch?v=P3_hyBbvFZI
Rangers are unlikely to add to their squad before the close of the January transfer window, STV understands.
Manager Ally McCoist had identified three players – Hamdi Sahili, Francisco Sandaza and Kallum Higginbottom – as possible replacements for the Everton-bound Nikica Jelavic.
Rangers also failed in a bid for Norwich City’s Grant Holt on deadline day, with their offer rejected by the English Premier League club.
Jelavic is yet to complete his move to Goodison Park but is expected to complete a deal worth in excess of £5m by the 11pm deadline.
Poordeadking says:
31 January, 2012 at 19:20
It’s the logical conclusion of decades of dumbing down and hun fed sports journalism..
Brilliant from delahunt there lol, this is comedy gold bhoys.
Spiers alluded to the government doing something to save the huns on last nights show ?
As Darth Vader once said “You must NEVER under-estimate the power of the dark side!!!”
Suspicious CSC.
so whats being happening today lhads
What a fantastic day like many I don’t usually listen to the phone in’s tonight they are comedy gold!
Listening to Alasdair Johnson was indeed interesting there is much more to come out!!! No…… sherlock!
Now tuned into snyde let the good times roll!
Am I allowed to probe whether or not Tennants sponsorship money is in installments or it was one lump sum – either way if Celtic had done the right thing the huns would be ebbing every so closer to oblivion right now
Or is that in keeping with the tone this evening…
Ok, we’l just go back to taking the hit’n’miss out of the huns!
Will mcoist resignation be announced tomorrow at a press conference ?
Time will tell
Reliable gentleman
———————————–
Very doubtful i’d say
I get the feeling that Delahunt is enjoying this.
And him a Kilmarnock fan too.
Caller: why did CW buy ranker?
MG: That’s the million dollar question!
Delahun: Surely the BILLION dollar question!!
He’ wasted on that show, should be headlining the fringe wie patter like that!
HH
/Bishop B