While BBC Scotland and the Daily Record clutch onto the mysterious £252,000 operating profit Internet Bampots have been able to dig deep into the Ibrox accounts for the year to 30 June 2023.
Most folk expected turnover in or around £100m, still far short of Celtic but the published figure of £83.8m came as something of a shock.
Having turned up for the group stages of the Champions League and duped Ajax and Southampton into buying damaged goods it is difficult to see how last season’s figures can be bettered.
The shortfall in income is matched by the incredible wages being paid out which started with Kemar Roofe and his alleged £45,000 a week deal when he moved from Anderlecht in 2020.
Traditionally the accounts are released late on a Friday night to be buried by the weekend fixtures, releasing the 2023 accounts at the start of an international break has given the Bampots more scope to probe.
Celtic vs Rangers loans.
Investors have put £85m, net of repayments, into Rangers since 2015.
With that, they have fielded the 2nd best team in Scotland.
Without it, they would’ve fielded the 2nd best team in Scotland. pic.twitter.com/erHdeGlZEU
— GrandOLTeam (@JBLuvsCeltic) November 15, 2023
Free agent John Lundstram probably started negotiations at that figure a year later, with James Tavernier and Connor Goldson signing new contracts that figure is probably the dressing room for the Leadership Group except for Ryan Jack.
Players don’t move from Italy to the SPFL to be the poor relations in the dressing room with Sam Lammers and Cyriel Dessers both on long term deals.
Funding that squad strength on the back of three worthwhile transfers in a decade with a stadium 10,000 short of your domestic rivals falls on the Directors.
They have certainly dug deep, chucking in £85m that they are unlikely to see again, whether they are prepared to throw even more money at Philippe Clement in January remains to be seen while Dessers, Lammers, Danilo, Ben Davies, Rabbi Matondo, Ridvan Yilmaz and Nico Raskin clog up the wage bill remains to be seen.
Meanwhile Lundstram, Borna Barisic, Roofe, Jack, Leon Balogun and Jon McLaughlin can walk away as free agents in six months.
So does that show, that 85M is still owed in outstanding so called loans?
So surly an outside investor couldn’t possibly even think about buying out the scum, with 85M debt to investors, possibly a bigger value than what the whole of the shithole is actually worth?
So basically couldn’t the scum be operating upon insolvency terms currently?
Thought this practice was being clamped down upon by Uefa?
So still operating with being basically bankrupt yet again?
Many questions still arise upon the shady dealings that goes on within the scummy shithole, yet no solutions but to keep the survival lie intact?
Wondering what the form of scum mark 3 is going to look like already?
The truth here will be hard to find as it will be buried (like the original Rangers) under a mountain of obfuscating shite but I reckon Money Laundering has to be part of it.
Forensic accountants, possibly forming an in-depth inquiry with the Financial Conduct Authority could, if they so chose, get to the roots of it but they’d need a cast-iron catalyst to launch a proper investigation. HH (Here’s Hoping)
So even with Champions League earnings and the extraordinary (utterly crazy) £26 million earnings from three players their top turnover was £83.8 million and £36 million short of Celtic’s £119.9 million…
These are brutal figures for them to digest indeed –
Clearly their fans are not very good at buying merchandise – in fact in a Sevco leaning pub in this area they were like the flies they are to shite when a substantial amount of fake Sevco tops were available for £30 so if it’s happening out the sticks here, what is it like in the big cities…
That’s all money NOT available for the turnover like ours is…
Obviously we sell more tickets, fund our stadium pubs and hospitality better as well (they probably buy one drink and Follow Follow each other to Swallow Swallow the Buckie in the toilet cubicles – again less for the turnover.
I think we have big corporate sponsorship deals while they try to stay relevant with two rings of advertising boards at Liebrox for any little scraps that they can get…
Lawwell for all the flak he (sometimes rightly) cops is miles ahead of them in this game for sure !
KERCHING£££££££££££££££.