Ibrox Makes A Mockery Of Its Own Claims And FFP With More Equity Confetti.

According to Joe McHugh at VideoCelts, the Ibrox club has issued another £1 million in worthless shares, to meet this month’s payroll.

It’s clear that the cash for Patterson is gone already, with much of it pissed up the wall to acquire Aaron Ramsey.

This comes just a week after the 10th anniversary of Rangers entering administration and a round of Ibrox interviews painting the club as in good financial health, with big predictions of “breaking even” or even posting a profit … claims this site and others said were ridiculous.

Those who run that club have no credibility on these matters whatsoever. They continue to brazenly lie to the media, which swallows up every word. They continue to mislead their own supporters about the need for player sales.

They continue to be a financial basket case, who if they had to rely on what they earned wouldn’t be challenging Hearts for third far less us in second.

No-one in the press ever asks how all this equity confetti fits in with the SFA’s responsibility to license them properly under Financial Fair Play. Nobody ever asks at which point this tips over into something UEFA should be concerned about.

A lot of us think this is something Celtic should bring to the attention of the European governing body; certainly there seems to be no appetite whatsoever for those who run our game giving this lot the proper scrutiny.

Questions continue to be asked about how much longer this can go on for, but the only people asking them are us.

I said earlier in the week – in the context of Hugh Keevins – that a fool and his money are soon parted.

Over at Ibrox some of their directors have, allegedly, been carrying the egos of The Peepul for the last five years … although one suspects that there is money flowing through that club which they would be loath to explain to their fans or anyone else.

What is not in the least doubt is that the club at Ibrox has no chance of breaking even whilst it remains addicted to spending, and in particular when the uses for its money are so utterly ridiculous, like expensive Sky Sports Scouting bling.