Among the many highlights of the annual accounts from the Ibrox Tribute Act is the follow ups from Rangers Tax Case.
Pushed into action in 2011 due to the complete absence of any balanced or critical analysis of events at Rangers the market place is still empty as the club and their messengers go down the same route.
With the old club there was initially a denial over a tax issue then it was trivialised, these days on going losses and portrayed as profit with yesterday’s message unanimous as they celebrated profits over two seasons running. Except that it wasn’t.
Within an hour of the accounts being published everyone from BBC Scotland to the Daily Record were headlining with an operating profit of £252,000.
It seems that no publisher was prepared to spend 10 minutes actually reading the accounts to see the Loss for the Year repeatedly stated at £4.144m. On a season that produced group stage football in the Champions League and over £20m in transfer fees for Calvin Bassey and Joe Aribo.
Thanks! Just to clarify, the £11.9m is net cash outgoing for the year rather than “loss”.
Cash flow can’t be manipulated.
The reported £4.144m loss can be manipulated and recognition of expenses delayed until future years. pic.twitter.com/fKCH58LK2Q— Rangers Tax-Case (@rangerstaxcase) November 14, 2023
As well as the traditional reasons for producing good news for Ibrox fans it seems that no one wants to be guilty of tipping Philippe Clement off that January might not bring what was promised during his job negotiations.
Unless the club is counting on a run to the final of the Europa League or big money offers coming in for some ‘stars’ in January at least £10m will be needed to match the wage bill through until Season Ticket renewals in May.
Already this season £13.1m has been committed to the Micky Beale Revolution and paying off the management team that started the season.
Significant signings look unlikely in January while John Lundstram, Borna Barisic, Ryan Jack, Kemar Roofe, Jon McLaughlin and Leon Balogun close in on becoming free agents at the end of the season.
It must take a serious level of abnormal psychology- genuine psychopath stuff- to sit down and present such disastrous accounts as something to celebrate.
It’s as bad as any David Murray turd polishing.
— Rangers Tax-Case (@rangerstaxcase) November 14, 2023
1. True. Caveat emptor.
2. Disagree. Everyone with an interest in the good of Scottish football needs to take an interest in the finances of all the large clubs.— Rangers Tax-Case (@rangerstaxcase) November 14, 2023
