RANGERS TAKEOVER LATEST: DAILY RECORD GOES FULL FANTASY MODE
- BY LIAM CARRIGAN
- 6 days ago
- 3 min read
It really does take a special kind of creativity to turn a football club announcing losses of 76 million pounds into a “feel good” story about why those same owners will take your own club to the next level.
And yet, that’s exactly the degree of detachment from reality that The Daily Record expects Rangers supports to follow them on today.
Leeds’ Massive Losses “Show Why Rangers Takeover Will Work” (No Laughing at the Back!)
Yes, apparently an operating loss in excess of 75 million pounds is a “business masterstroke” according to the latest scoop of sycophancy from the Daily Record sports desk.
They point to “player trading profits” as a sign of how brilliant this same approach to management could be for Rangers.
For the Record, Leed’s latest accounts showed they turned a 73-million-pound profit on player sales.
Almost the entirety of this came from selling their two best players Kalvin Phillips and Raphinha, after they got relegated at the end of the 23/24 season.
Rangers would be lucky to get 73 million yen for any of their players.
It doesn’t matter if by some miracle Rangers landed a genuinely world class player for a free this summer and decided to cash in in January.
Nobody would pay them the funny money that changes hands in England. Leeds and Rangers just simply aren’t comparable in this regard.
There’s also a couple of awkward issues here that the Record conveniently glosses over.
Firstly, ask any Leeds United fan if they are happy with the team this season, and most of them will say “we haven’t signed enough players!”
Selling your best players, and not replacing them?
Sounds less like “player trading” and more like “asset-stripping” to me.
As a result of this, Leeds’ promotion push has also faltered in recent weeks. If they don’t get promoted, then no-one from the 49ers Group would be able to take any involvement with Rangers at all due to dual ownership rules.
The Record attempts to explain away Leeds United’s eye-watering losses, despite a big profit in player sales, as “due to a loss in TV money from being relegated.”
Just a couple of issues with that, guys.
For the three seasons Leeds were in the EPL, they still lost money consistently every year.
And, much to the chagrin of other Championship clubs, Leeds United benefitted from a hefty 8 figure parachute payment when they were relegated.
And yet still, they posted the highest losses in the league.
The 49ers didn’t buy Leeds United to turn them back into a top team in English football, they acquired a distressed asset on the cheap, with a loyal, yet gullible and overwhelmingly entitled fanbase, drunk on delusions of their own grandeur.
Remember, the only evidence the Record have presented so far of any involvement whatsoever from the 49ers Group is one of their executives pictured at a Rangers game, sitting next to another guy who “might” be looking to by the club.
Meanwhile back in the real world, this same executive said that the 49ers group doesn’t believe in operating sports franchises like “lemonade stands” (in other words, not throwing money into a black hole just to win stuff).
The actual owner of the San Francisco 49ers then followed this up just 2 weeks ago to say there was “nothing happening” with the proposed Rangers Takeover.
He added that any potential tie up with any potential partner club would be purely about “business best practices” and “not financial in any way”.
Andrew Cavenagh apparently runs a health insurance consultancy in his real job.
I wonder if he’s recently bought any stocks in the makers of “Deludamol”. It seems to be in high demand around Ibrox these days.