Michael Stewart replies to leading finance expert Alex Rae over Ibrox black hole
Alex Rae has used an in-house Q and A where Douglas Park answered his own questions to reply to Michael Stewart’s question about the Ianis Hagi transfer fee!
Rae is one of the many Ibrox messengers in the media who repeat the party line regardless of circumstances.
At the start of December he revealed that mystery investors were about to plough in money for the January transfer window, typically Steven Gerrard signed Hagi and Florian Kamberi on loan.
Alex the answer doesn’t even cover the question posed below, never mind the other queries I had ?? https://t.co/fdunetI4GF
— Michael Stewart (@mstewart_23) May 22, 2020
The loses plus the monies needed to get through the remainder of this season are being picked up by investors who convert the loans into shares like previous seasons.
As for signing players after deferring wages this is an issue across Europe but won’t stop transfers.— Alex Rae (@alexrae1969) May 22, 2020
Since becoming interim-chairman Park hasn’t taken part in a single video interview, not even with Tom Miller and in in-house sycophants.
At the club AGM in November King promised to bring in new investment to fill the £10m shortfall to complete the season. When he walked away in March there was no sign of any fresh investors with no documentation to back up Park’s claim that the investment has come into the club.
Rae will be on Super Scoreboard offering financial help from 6-8pm tonight.