Despite their vast resources BBC Scotland have been unable to provide even the briefest of analysis to the accounts published by the club from Ibrox last night.
The state broadcaster can send dozens of employees over to France for the Woman’s World Cup or to Japan to provide radio commentary on the World Cup where Scotland beat Samoa and Russia but lost out to Ireland and Japan.
It seems that finding the resources for the football company closest to their Pacific Quay base was just too much as they published the Press Association report, the same report used by others such as The Herald and Sky Sports.
Someone has applied a headline and opted to go with the increase in turnover which since it is matched by increased costs created a loss of £11.3m. Almost £1m/month, or £200,000/week if you prefer.
Even the most basic reading of the accounts produces red flags at every turn with the auditors admitting that £10m is needed to see out the season. That figure is before they are forced to repay Mike Ashley in January or compensate the Memorial Walls company after ditching the project because it wouldn’t be commercially viable. Just thing on that, a Memorial Wall to be a money spinner.
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Another highlight was £3.3m more in legal costs which would make for a decent first team wage bill for most SPFL Premiership clubs. No mention is made of Dave King being cold shouldered.
With the support of the state broadcaster publishing bad news on a Friday evening has certainly worked out as planned, by the time BBC staff return to work they’ll have a semi-final to drool over rather than the real prospect of administration in January alongside the invoice from Sports Direct.