The Ibrox truth of what’s really going on at Rangers | OneFootball

Rangers face Motherwell at Hampden today in a crunch cup semi-final, and some Rangers supporters are now of the mind that they’d prefer the team loses to avoid being slaughtered in the final by Celtic, who got there by way of demolishing Aberdeen 6-0.

There is no doubt the manager is as close as he has ever been to departing Rangers, and while he remains in post (despite previous information that he was a loss away from being fired) going to Hampden, there is a sense that yet another defeat could be curtains.

Well, we say that, but as Ibrox Noise have explained, Rangers can’t afford the payoff to fire Philippe Clement, while he is very unlikely to quit regardless of losing in the cup.

Are we at Ibrox Noise of the mind to want Rangers to lose to avoid being slaughtered in the final, or to get Clement out of Ibrox?

It would cost a trophy, but then Clement’s doing that well enough in post himself without any help otherwise.

It’s a mess, isn’t it?

The real problem for Rangers is in the accounts. Ibrox Noise’s accountant has explained just how grim Rangers’ picture actually is – the biggest issue is Rangers are £22M in debt to individual creditors (mostly on the board) and there is no repayment plan, and even worse is that we plan to borrow another £9M from them and loan facilities.

So Rangers will be around £30M in debt to our own directors and that’s money we have no projection to repay.

Worse still is the operating loss where Rangers are simply bleeding approaching £15M just to stay afloat.

It’s a mess and it isn’t sustainable.

If this continues short to medium term, it’s potentially administration because the club has overspent and underperformed – failing to make the Champions League the past two seasons has hurt us dreadfully – the accounts obviously are for 23/24 and that season was Michael Beale’s failure to get past PSV in the playoffs. That cost us horribly, just like Clement has cost us horribly falling to Dynamo.

You will notice we dropped administration in there rather than throwing it as a headline, we do not want to create fear and panic with sensational headlines like some sites are, but Rangers’ finances are dreadfully grim.

We need a bit of a miracle financially – we are very, very fortunate we have (mostly) forgiving directors who are aware their loans/investments won’t be returning any time soon.

This is a major reason Ibrox Noise isn’t as harsh on the board as many fans are – it’s because of them we still have a club, even if they are a bit clueless on how to manage it.

Just like the Easdales’ loans kept Rangers afloat (despite Rangers fans hating them) now the current directors are in the same boat.

So we have a clueless manager, and a financial shambles in the bank.

We can’t remember the last time we saw a fan say ‘just back the team and manager ffs’.