BBC Scotland’s Ibrox spin goes overboard as they salute paying day to day bills!

BBC Scotland are desperately spinning the financial miracle of Ibrox.

Tuesday’s AGM allowed shareholders an hour to question the club hierarchy about multiple failings with Ross Wilson followed by Stewart Robertson the main targets for anger.

During the AGM chairman Douglas Park gave the game away when he admitted that the contract demands of Ryan Kent and Alfredo Morelos are unattainable but BBC Scotland side stepped that news.

It seems that a plan that has yet to be financed to improve disabled facilities is the main issue for the state broadcaster from the AGM even though there will be a clamour for funds to be made available to Micky Beale.

While Kent and Morelos run down their contract five other first team players can quit the club in May while the loan deals for James Sands and Malik Tillman expire.

Despite those issues, after the proposed new disabled section, BBC Scotland leads with:

The club made an operating profit of £5.9m in the year to June 2022 and finance director Kenny Barclay pointed to a three-fold increase in revenue in the past financial year compared to Rangers’ first on their return to the top tier in 2017. That revenue of £87m produced an operating profit of £5.9m, the club’s first in five years.

Relating to player sales, principally that of Nathan Patterson to Everton for £11.5m, Barclay stated it was the first in 10 years “where we’ve able to deliver a material impact to our total income from our player trading revenue”.

Further, in what he described as a “massive step forward in terms of our financial performance”, Barclay said auditors were satisfied for the first time in 10 years that Rangers could access the finance it requires to meet day-to-day bills.

The bills can be pain thanks to a £10m loan from vice-chairman John Bennett with a 5% rate of interest applied giving Bennet £500,000 per year on the loan.

The club made a loss of £900,000 on record turnover, another issue that BBC Scotland doesn’t want to coverr.

No name has been put against the report on the BBC Scotland website.