Rangers financial situation has been perpetually in the press for almost as long as I can remember.
Even in the days of Murray et al there were lingering questions over the money the club was spending before 2012. Since Rangers hit crisis, those questions have become more long-winded and disjointed.
Conspiracy theories abound, it’s difficult to wade through the murk and separate fact from fiction. But one thing is true, Rangers posted a £14.3m loss this financial year (up to June 18 – incorporating the Pedro Caixinha shambles).
And the fans don’t really know what to make of it.
Do the Board owe fans more clarity on the situation?
Despite all that has happened off the field, as fans the Rangers support have never wavered.
Even in their darkest hour, from Brechin to Montrose to Alloa, fans travelled the length and breadth of the country to support the club. At home in Ibrox, we also filled out stands and broke records. We supported boycotts and continue to be patient with off field dilemmas.
That’s despite our club being at war with itself for years.
We’re a unique support and we really are the lifeblood of this club. We’re priceless.
What’s strange about these results, other than just the obvious, is the timing of their release. The results were posted 15 minutes into Wednesday’s game with Kilmarnock.
A poor result at Ibrox and tumultuous scenes at Tyncastle buried the story. Is this what the club wanted?
This could be for for two reasons – to avoid a dramatic fan backlash with many being at Ibrox, or to quell press hysteria. After all, the sounds coming out of the club remain positive.
Dave King – “Results positive”
Season ticket sales are up. Turnover increased by £3.4m. Earnings reached £4.2m – that’s compared to £100,000 last year.
Dave King has said the situation is positive. And that the loss situation was “inevitable”. He also claimed the last financial year has saw Rangers “normalise our financial affairs”. And we need to trust him.
Next season, with Europa League football in the bag, Rangers financial situation will certainly have improved.
But why bury the story and not face it head on? Perhaps they simply wanted to avoid the drama. In doing so, they’ve raised suspicions.
It’s all very tight-lipped at Ibrox but things should become clearer at the AGM on 27th November.
And if anyone is due a deeper explanation of Rangers financial situation, it’s these loyal supporters.
