R*ngers must have lost a game. Walter Myth is organising his press core for what-is-being-called a grim battle against a bank that wants it’s money back. The Myth pleads poverty but the reality is very different.
As it states here R*ngers spent £29.37m in his first 18 months in charge. This summer The Myth must have forgot about these purchases which have either been injured or looked like the prize a Gay German tourist gets after a session of poppers and schnapps.
It’s hard to imagine now that the signing of Vladimir Weiss was greeted with passages of prose like this.
This summer has seen R*ngers spend £6.5m. So that is a total of £35.77m since The Myth returned. On Sunday Kyle Lafferty cost only slightly less than the entire Celtic team. I hear that R*ngers are franticly searching for that receipt.
Twitter / The Away End: Interesting statistic re t … via kwout
Let’s not let these facts get in the way of the media trying to gain sympathy for poor old skint Walter Myth. Next thing you know they will be trying to tell us the season wasn’t extended 2007/08.
Oh the tide is slowly turning and Lennon is the ‘Moses’ who can part the sea….
Philisophical or Bullsh!t you decided…
Great blog, facts are plain to see Waltie is contradicting himself majorly when we see the amount spent compared to our credit crunch wonga saving squad.
Smith may have spent £34.1m in his second time in charge of Rangers (to date), but has also sold players to the tune of £28.8m.
That means over 3 seasons he has had a net spend of £5.3m.
You can hardly blame the fella for being unhappy given the work he has put in to win trophies and have lucrative runs in Europe, yet the club/bank won’t allow him a little more flexibility to enhance his team.
Celtic have not been given a lot to spend either, and this season have spent probably half what they’ve brought in but they do have a squad with more depth than Rangers. The problem at Rangers is they no longer have as large a squad as before, hence the reliance of youth more than ever.
So while you say Smith has spent a fortune, when you take into account the amount of money the club has gained from transfers it puts things into a different perspective entirely.
Maybe but he still had access to 35m. A spend not seen since MON and Little Dick.
Since Jan 2008 he has spent £20m, he has brought that back in on tansfer fees (Cuellar, Adam, Cousin, Thomson, Wilson, Clement (even £1 million for Sebo!) etc etc etc) + hes reduced wage bill massively + brought in approx £28m in CL money + EUFA final run earnings
I am not surprised hes screaming about having noth hands tied
Those figures wont suit this site though
Oh and hes won the league twice and been robbed of it once
All this money brought in and the debt is still approx his initial spend. The wage bill at his disposal is hardly pittance compared to others.
“It’s jist no’ fair. The first time aroon’ I could buy all the titles I wanted, except fur 10 in a row, ‘cos them Tims wur skint. Noo a huvnae as much tae spend and it’s a more level playin’ field. How is that fair? We urra peepel and the banks should be writing aff wur debt and giein’ us aw the money we need to put wan ower they Tims. Sort it oot Minty. Minty! Minty! Where did he go?”
I am just loving this! It’s the 1st time i’ve ever wanted to actually meet Empty Wallet Walter- just to say to him “Did your mother never tell you not to spend all your pennies in one shop?”. HAIL HAIL!
£6 million spent in 31 months, 6 trophies in the bag , £1 million for each trophy??
Access to 35m that your debt figure admits you didn’t have.
C’mon LOTW, if Wattie had been able to keep the players hes had to sell Rangers would be a hell of a unit. But he hasn’t and as Bobsy points out he’s made a great return for the club for the money spent. I think there’s more going on at Ibrox than is being reported, and that’s how it should be. Laundry, public and all that. Remember skip to ma Mo and the red faces all round. But I digress.
As I’ve already stated in other posts, Celtics board should have made real investment in the team, not cut price signings and P.R. loan deals. £15,000,000 spent wisely would secure the future for about 5 years. MON got £20,000,000 and dominated for his term. He was denied 5 in a row after 2 of the closest title races in history. I think he left not only for personal reasons but because of the boards lack of ambition beyond a healthy profit. When M/well beat Celtic in the last game of the season you were watching an ageing and tired outfit and I think O’Neils aspirations for the club were not being matched by his bosses.
I think we’re seeing the same thing at Ibrox.
He wouldn’t have been able to keep that unit. That means paying the wages. My beef is that the press are acting like PA’s not journalists. The figures suggest that, like Celtic, R#ngers have spent more on transfers than they have brought in. That is investment. Downsizing and cutting the wage bill is all a fall out of a greed isgood past.
You mention MON. Don’t disagree at all. The downsizing started in season 2 of MON. Strachans appointment confirmed that direction. I don’t think our board haven’t invested in the team. They have figures back this up. It’s the way they have invested that is the problem.
@bobbsy, calm down. Nobody’s accusing Walt of being a greedy, moaning, hypocritical, needy, sly old ‘count’. All we’re saying is… well he’s…. umm… err… hmm.
Rangers post Kaunas spend was highway robbery!
🙂 In that case beggers were choosers!
I would call that spend: “blind panic”