Three days ago I stated that Duff & Phelps that would publish a report after the Wednesday deadline and it that would clearly spell the end for Rangers.
They have.
http://www.rangers.co.uk/staticFiles/fe/a8/0,,5~174334,00.pdf
These figures mean one thing: liquidation.
No doubt the succulent lamb chaps will try and put a positive spin on these figures.
Rangers’ administrators have revealed the club owes at least £55m to 276 creditors.
Duff & Phelps say that Rangers have been running at a “substantial cash shortfall” since going into administration on February 14.
In the period 14th February to 30th March 2012, Rangers had a £2.5m trading shortfall.
That means they spent £2.5m more than they brought in.
The reality is that this company is finished.
Only a sugar daddy of Abramovich proportions willing to fund the club as a toy can save the day now.
https://www.philmacgiollabhain.ie/situation-vacant-stupid-billionaire-required/
So far no one has applied for that job.
Unless someone does then Rangers (est. 1873) and all their “illustrious” history will soon be dead.
