Giovanni van Bronckhorst finally admitted that he has no money to spend to improve his squad.
Since last year’s AGM there has been a number of strange finance related pieces going around about the troubled club.
It seems to some that last season the club was poised to break even then got the unexpected boosts of income for Steven Gerrard, Nathan Patterson and a run to the final of the Europa League to put them £40m in profit.
Further fees of £30m for Calvin Bassey and Joe Aribo coupled with reaching the Champions League group phase apparently saw the club cash rich but there was no players signed during August after a brief flurry on stars like Ben Davies, Rabbi Matondo and Ridvan Yilmaz.
The reality is that the club posted a £23.5m loss for the year to 30 June 2021, during the 12 months that followed Sports Direct were compensated with Dave King having his loan repaid with interest.
Other investor loans may have been repaid but the net result is that van Bronckhorst generated a transfer profit of around £10 during the summer with little likelihood of much spending by the manager in January.
?“I’ve read so many stories that we’ve struck gold with millions coming in, it’s not true.” pic.twitter.com/b0KG3PxuqG
— The Rangers Review (@RangersReview55) November 2, 2022
QUESTION: In retrospect, do you think the club should’ve done more to strengthen in that week before the transfer window closed?
GvB: Of course, I know that the club will do everything to try to build the strongest squad we have. I’ve read many stories that we struck gold with so many millions coming in. It’s not true.
It’s not true all the figures I see in papers. We don’t have that budget to spend so that’s another thing we saw in the beginning.
We play in the Champions League so we have £40m extra, that is not true and that creates an expectation that we can buy new players.
The way we bought the players this season is to qualify for the Champions League but I don’t think the club will spend millions if the millions aren’t there.
San Marino FC new klub playing out of ibrox.
Here is the comedy gold team of sevco players from the champions league group stages.
Tommy Cooper in goals,the 2 wing backs Laurel&Hardy and 2 CBs Morecombe &Wise,in the middle of the park the 3 Stoogies Lartyy,Moe,Curly,up front Chubby Brown,Billy Connelly,Kevin Bridges.
With the Rangers accounts past due,again ,we will all finally know the truth about their correct selling fees for Patterson and Bassey especially .Daily tabloids , complicit in the over evaluation of these sales shall be found out once again for their unethical reporting . Whatever happened to the decent newspapers who have a moral obligation to be completely impartial in their reporting ? Papier mache I suppose …….
Tadger Hannah the other night said big Shirley went for £20 odd million quid.
Gio Fanny has probably just got himself his P45 after that interview and honest confession.
regarding the bigots finance something not quite right went to final of europa cash for stevve/arbit /big shirley thats around 40 mil if figures are correct.then cl money around 30 mil ashley say 10 mil dodgy dave 7 mil if also figures a correct and what they have spent on buying players and loans still should be plenty left for more new duds.