SEVERAL million internet posts ago, a good two-hundred-thousand rumours back, right about the time Duff & Phelps were taking charge of Rangers to start this long and convoluted administration process, which should end shortly with the liquidation of Rangers 1873, there was a letter in the (Glasgow) Herald.
This was from one of that dedicated band of Scots, attempting to bring enlighment and learning to that distressed portion of the United Kingdom we know as the Sudetenland, or South East England. This gentleman was based in Brighton and he wrote that, since, even discounting the potential effects of the Big Tax Case, it would take, at a conservative estimate £100 million to put Rangers back on the straight and narrow - and that, if and when this major task was complete, using Celtic as a template, the new Rangers would be worth, at best £40 million - why would anyone in their right mind bother?
This week's news that Charles Green reckons Rangers are worth £50 million "on a good day" tends to confirm the Brighton Scot's estimate was not that far out. I am assuming Mr Green is "talking-up" the club he intends selling-on ASAP, so he is inflating his price as a bargaining point.
So, £50 million on a good day; which beggars the follow-up question: "OK Mr Green, what is 'Rangers' worth today?" Because it is certainly not worth anything like that. Indeed, given the way the top players from last season's Rangers are bailing-out, the fact the club does not at present have membership of either the SFA, SFL or SPL, that outstanding fines are due to the SFA, that only 250 of last season's 40,000 season ticket holders have renewed for the new season, that sponsors are queuing-=up to jump ship and that that 10,000 lb BTC gorilla still hasn't stirred, the question has to be: "Is "Rangers" worth even the £5.5 million you are purported to have paid for it Mr Green?
The excellent Rangers Tax Case blog's latest post, when it went up a week ago, was headed: "An Unholy Mess", one week and 4500 comments posted later, it is still an unholy mess, only, thanks to the failings of the men at the top in Scottish football, it is almost certainly a bigger mess.
The lack of vision, of leadership, of forward thinking in Hampden is truly amazing. We are going nowhere, except down the tubes, fast and with each day of inactiving, of trying to cobble together some sleqzy back-room deal, the already tarnished image of Scottish football becomes even grubbier.
Is there nobody who can sort this whole thing out?
And finally, on Rangers, for now - £50 million Mr Green - ye'r avin a larff.
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