Their position is now a little worse than the dead Rangers club they were built to emulate- RTC

Rangers Tax Case has claimed that The Ibrox Tribute Act are in a worse position than the club they were created to emulate.

Average losses of £11.1m a season show no sign of letting up with the wage bill significantly on the rise while income shows no signs of matching the level of season 2021/22 which included a run to a European final and the sale of Nathan Patterson.

Kemar Roofe and John Lundstram are believed to be the biggest earners but others such as Tom Lawrence, Ben Davies and Rabbi Matondo aren’t far behind while serial losers Connor Goldson and James Tavernier have signed lucrative new deals in the last 12 months.

Covering those costs and funding a summer rebuild looks quite a task with Micky Beale promising fans that next season’s SPFL title will end up at Ibrox.

Over the last week there are has been signs of trouble at the club with loans converted to shares at the end of March followed by the resignation of Douglas Park as Chairman.

John Bennet now sits in the big chair inside the boardroom but Park and Dave King are the biggest individual shareholders with both now outside the tent.

Saturday’s defeat to Celtic is likely to see the critical Season Ticket renewal campaign pushed further back, there has even been a few signs that some fans are questioning the ‘strategy’ of Stewart Robertson and transfer guru Ross Wilson.

Until now the company has been able to rely on ‘investors’ covering the losses in return for confetti shares, UEFA’s new Financial Stability Regulations could bring that cunning plan to an end- without Europa League gate money and UEFA payouts the future would be very grim for the 11-year-old Tribute Act.

Sevco financial position (from one of 60,000 experts in the east end of Glasgow).

Their position is now a little worse than the dead Rangers club they were built to emulate.

— Rangers Tax-Case (@rangerstaxcase) April 9, 2023

With Champions’ League groups money, they still could not make a profit but had a small positive cash flow.
Dead Rangers made small profits in CL seasons and huge losses when not.

Looks like a slight deterioration when comparing the financial health of the new club to the old.

— Rangers Tax-Case (@rangerstaxcase) April 9, 2023

The old Rangers club lost an average of £7.8m per season under David Murray. The new Rangers (Sevco) are losing an average of £11.1m.

The old club had the benefit of a tax fraud that reduced costs. The new club wasted lots pretending it was a big club while in the lower tiers.

— Rangers Tax-Case (@rangerstaxcase) April 9, 2023

Old Rangers and the clone Rangers have several problems in common.

Celtic’s bigger stadium and the ST and match day revenues that brings. Celtic’s commercial machine is firing on all cylinders and brings in much more revenue.

— Rangers Tax-Case (@rangerstaxcase) April 9, 2023

Sevco need to spend big to stay in arm’s length of a well managed Celtic.

Of course, you knew this already. Some media darling “genuine expert” from England must have told everyone first.

— Rangers Tax-Case (@rangerstaxcase) April 9, 2023

Sevco were designed to recreate Rangers.

They have done so very well. The new club has the same financial issues as Rangers built in.

They need people who are willing to lose a lot of money, and never get it back, to maintain any kind of credible challenge to Celtic. pic.twitter.com/gJJZPnV0gB

— Rangers Tax-Case (@rangerstaxcase) April 9, 2023

Celtic have a built-in financial advantage over any Rangers type club.

Something is always needed to create a tilt in the other direction. That has been tax fraud in the past.
Many suspect refereeing has been used to similar effect, but that is inherently difficult to prove.

— Rangers Tax-Case (@rangerstaxcase) April 9, 2023

We have seen about 35 years of Ibrox clubs spending money they don’t have. Some people have lost a lot of money on these two clubs.

How long can it continue?

— Rangers Tax-Case (@rangerstaxcase) April 9, 2023