For the second time this month the Ibrox Tribute Act have created shares in return for cash to meet day to day billing.
Not long after the announcement the Daily Record had converted it into a cash boost as they try to reassure their army of readers that all is well with Micky Beale’s side.
Almost as quickly the Record’s twitter account was swamped with opposing fans congratulating the Glasgow based publisher for being so deep in denial about the reality of finances at Ibrox.
The cash that flowed in from the transfers of Joe Aribo and Calvin Bassey plus reaching the Champions League group stage for the first time has all gone as updated accounts recently confirmed.
Even the most Gullible of fans will struggle to identify anyone in the current squad that would attract the attention of Ajax or Southampton.
If Beale fails to deliver a place in the Champions League group stage there could be a repeat of the hilarity of 2011/12 for the Record to explain to their readers.
BREAKING! Rangers issue 3 million new shares as Ibrox club create cash boost opportunityhttps://t.co/0COxD3JSI1 pic.twitter.com/IBB4map0fU
— Daily Record Sport (@Record_Sport) April 18, 2023
For cash boost read keeping the lights on
— ViewsfromtheJungle79?? (@ViewsfromtheJun) April 18, 2023
— You In ???????? (@You_In_1888) April 18, 2023
You mean to keep the lights on for another wee while
— Fergus McCanns Bunnet ? (@bunnetmccann94) April 18, 2023
— ????? ?? (@James67_) April 18, 2023
I thought they just did that 2 weeks ago?
— Danny S (@Dogo2k) April 18, 2023
Rangers issue over 7 million new shares as Ibrox club return to trusted cash boost formathttps://t.co/pX11pYdupK pic.twitter.com/1FDKTxNKbo
— Daily Record Sport (@Record_Sport) April 3, 2023
Why are the Scottish football authorities not becoming involved in an enquiry over the predicament which are affecting the finances at Ibrox?
Editor: Since the Five (Six) Way Agreement came into place in 2012 a separate rule book has been in place for the Tribute Act, one that every other club in Scotland is happy with as it continues to bow to the Blue Pound.
I would have thought that the 6 figure sum the Rangers received for Ross Wilson and now this new share issue would have made them rolling in money ! What’s next ! New memberships for the New Edmiston House social club yet to be built ? Better be quick ….
They’ll b quids in once the SNP bring in the ginger bottle money back scheme.
Lol watch in the coming days sevco being linked with buying or bringing players in for £5 million plus and Sam Dingle and Trigger and all their friends will fall for it all over again.
Total assets divided by number of shares equals the cost of boiling a kettle.
Are they preparing themselves for Administration ?