He posted today, a big post about how are players are worth nothing and we have nothing going for us.
All negatives of course and an 80 million black hole in our accounts.
The guy is unstable and the fact people believe him is incredible.
There is a lot of money to be made off the delusional scum fans, feed them anything and ask for a few quid a month for the pleasure.
It is totally bonkers. The financial realities, when that lot eventually wake up to them, are going to scare the living daylights out of them.
Let’s do a compare and contrast of some numbers.
Celtic financial year ended 30 June 2020 (from their accounts)
Turnover: £70.2m
Salary costs: £54.3m
Cash: £22.4m
Rangers financial year ended 30 June 2020 (from our accounts)
Turnover: £59m
Salary costs: £43.3m
Cash: £11m
Celtic 6 months ended 31 December 2020 (from their recently reported interim results)
Turnover: £40.7m (down 23.7% from £53.3m as compared to the 6 months ended 31 December 2019
Cash: £19.7m (as compared to £32.9m at 31 December 2019).
For the sake of a quick and dirty extrapolation, let’s assume that their turnover for the full year ended 30 June 2021 goes down the same 23.7% as it went down for the 6 months ended 31 December 2020. So their turnover of £70.2m for the year ended 30 June 2020 goes down 23.7% to £53.6m for the year ended 30 June 2021. But they qualified for the last 32 of the Europa League last year and won the league. So let’s knock off some prize money, a share of the Scotland Europa League TV pot and the gate receipts for their last 32 game and, for the sake of round numbers, call all of that £3.6m. That would all result in full year turnover of around £50m.
For us, we don’t yet have 31 December 2020 numbers. But let’s assume our annual turnover would be down by the same 23.7% as theirs (and my gut feel is that it won't be down by that much - they are more reliant on gate receipts than we are and our Europa League run this year has been even better than last year, but let's assume it is down 23.7% like theirs). So £59m becomes £45.3m. But we also have an additional £5m or so of turnover from Castore this year. It looks like we also will have a last 16 Europa League tie as we did last year (but this year will get the whole of the post group stages Scotland tv pot, which last year was shared with Celtic). Also a bit more prize money etc for winning the league. It doesn’t take much extrapolation to think that our full year turnover might be of the order of £55m (now 55 is an interesting number to dial out at and entirely coincidental!). But even if it is £50m then we are on parity as regards turnover and with a lower wage bill.
So our turnover might well end up greater than theirs, our wage bill is presumably lower, they wasted a fortune on Barkas and others in the summer, we win the league and have a shot at the golden ticket of Champions League football, we have a coaching staff and recruitment team which is clearly better than theirs, we don't need a complete squad rebuild but they do, we have plenty of marketable and valuable assets (Morelos, Kent, Aribo, Kamara and Barisic to name a few; they too have some in the likes of Edouard, Christie and Ajer), we have supportive shareholders who have ploughed significant equity into the business and we have a youth system which looks more promising than it has in the last 10 years. But we are the ones in bother here and administration is just round the corner?!
Honestly, the longer they delude themselves the better.
Now I am not saying that everything in the Rangers financial garden is rosy - there is no question that Covid will have hit us hard this year and I suspect we will have to cut our cloth a bit next year. But I absolutely know which club's position - financial and otherwise - I would rather be in now and going forward and it certainly isn't theirs.
Watching that Liverpool team lose to Everton, our biggest concern might just be that Klopp goes and Gerrard ends up at Liverpool sooner than expected!