Barcabhoy · @Barcabhoy1
10th Apr 2015 from Twittelator Pro
Here's the problem , and it's getting worse by the day
Starting with current loans of £6.5 million and building in a cash burn rate of £1.5 million a month at this time of the season , Rangers are likely to owe close to £10 million before they start to invest in a turnaround . They are likely to continue to need loans , albeit at a lesser rate, just to stand still next season.
Think about that for a second. In £10 million debt and still losing money to maintain the team who were thrashed by QOS last night !
Estimates of a £20 million injection over 3 years seem extremely light to me. There is still no prospect of bank funding as they have no assets for security.
Their fundamental problem is that the infrastructure costs are geared to a club playing in Europe every season with 43,000 season book holders paying an average of £450 each. That's assuming they had their own retail revenues.
Not only don't they have that , they now don't even own the trademarks. They also don't have 43,000 season book holders or any prospect of close to that at a price close to the £450 required.
Delusional if they think "they can win the SPL within 2 years "( that was an actual quote from Paul Murray and it also
appears completely unprepared and underfunded. That's King and Murray . Rangers fan mouthpieces clamoured for them. They are now reaping what their self interest sowed