They did specifically say no bank debt which made me think they have debt elsewhere. Another loan similar to Zeus? Even if they have no debt now, losing £1m a month will mean they will soon run out of cash and be unable to pay bills. Essentially its what happened last time, Whyte chose not to pay tax to keep them afloat,
Im sure I read somewhere that the wage bill was 17m pa yet the players wages are 6m. So ****s are getting paid 11m to run the club. Guess that includes mccoist and diretors etc. But for **** sake no wonder they are ****ed
If they get no investment and are unable to cut costs they will have creditors! Even of they raise a few million from selling players that will only keep them going a few more months as the players will need to be paid off to leave so wont feel benefit of reductions in wages till next season. It would appear tjat they are trying to survive until the summer when they will get season ticket money etc......and then they will need further cuts again unless they get a long term plan in place, and that plan will include spending as little as possible on players
Bomber Brown spotted selling Ally McCoist: Still Having A Ball pirated dvds and VHS at the barras, despite previous banning order for operating within the market issued by Kirkcaldy Sherrif Court
Mccoist is an arrogant sleekit ****...just read his interview on sky sports... He was nicknamed splinter under souness...I can see why, fence sitting wee cock.
If it's obsessed to laugh at rangers getting into the financial ****e playing part timers, then yes...I'm obsessed. It's obsessive as **** n I can't stop obsessing like ****. I'm obsessing so much, I nearly pissed myself...
"I was not privy to any meeting, I wasn't at any meeting, I wasn't in any meeting so in that respect I can't comment on the meeting, what was said in the meeting and what came out of the meeting." "But I can absolutely reassure everyone that the players have 100 per cent my backing and indeed the entire staff's backing." "I didn't say I supported it and I didn't saying I didn't support it. I don't think that particular incident is my business, to be honest. That is a cost-cutting exercise that is up for debate." I'll bet he had to get Durranty to untwist his tongue after this gibberish.
"He has gone on record and I totally understand the severity of the situation but there is absolutely no specifics being said in terms of how those cuts will be made." "I was not privy to any meeting, I wasn't at any meeting, I wasn't in any meeting so in that respect I can't comment on the meeting, what was said in the meeting and what came out of the meeting."
