disgruntled_bear 157 Posted August 7, 2010 Share Posted August 7, 2010 RANGERS will land a £12million Champions League windfall after Celtic crashed out - but Ibrox boss Walter Smith won't see a penny of it.Gers will pick up over £2m extra TV cash as Scotland's sole representatives, but Smith is resigned to Lloyds Banking Group taking that.Lloyds are determined to claw back the Euro millions to help reduce Gers' crippling £31m debt.Rangers won't get the UEFA cash until October, but under normal circumstances they'd have been able to raid the transfer market knowing the cash was coming.But that has been blocked by Lloyds. The only way Smith will get any of the UEFA millions is if Gers make it through to the knockout phase. Smith would still hope for some cash if Gers dropped into the Europa League. They received a massive £11m from UEFA alone for their run to the 2008 UEFA Cup Final in Manchester.An Ibrox insider said: "The management know that if the bank says it needs the money from the Champions League, they will get it."Getting all Scotland's cash entitlement from UEFA could give them a little bit of leeway if push came to shove."But if there's no European football after Christmas the money will definitely go to the bank."Gers owner Sir David Murray has been trying to find a buyer for the SPL champions for over two years without success.Smith, who has denied reports linking him with Dundee United's Craig Conway, admitted: "The money we have available would maybe bring in six players."But I'd prefer to bring in two or three at a better level and hope the younger boys in our squad help us out during the season."We've been trying to bring in new players, but so far we haven't been successful."Gers still have funds to pursue Rapid Vienna star Nikica Jelavic, although the Austrian club want to keep the hitman for the Europa League play-offs against Aston Villa.But Gers feel Rapid's asking price of £3.5m for a player who is out of contract next summer is too high and that may scupper the deal.Gers currently have Honduran striker Georgie Welcome on trial at Ibrox.But he is not allowed to play any games and Smith will have to decide on a deal based on his training stint at Murray Park.http://www.newsoftheworld.co.uk/scottish/scottish_sport/902032/Walter-Smith-is-resigned-to-bank-taking-Champions-League-dosh.htmlWas just waiting for this type of negative story breaking. Link to post Share on other sites More sharing options...
ScottBF2 3,540 Posted August 7, 2010 Share Posted August 7, 2010 Not really negative. Says we have money to bring in 3 players of a decent quality. Take the positives from it. Link to post Share on other sites More sharing options...
bombaybadboy08 15,660 Posted August 8, 2010 Share Posted August 8, 2010 On a positive note the debt will be gone quicker. Link to post Share on other sites More sharing options...
maxwellrfc 6 Posted August 8, 2010 Share Posted August 8, 2010 Not really negative. Says we have money to bring in 3 players of a decent quality. Take the positives from it.This. If we still have money for 3 players and they take the 12 million then we'll significantly reduce the debt while bringin in players. Win win situation. Link to post Share on other sites More sharing options...
Cappa 24 Posted August 8, 2010 Share Posted August 8, 2010 Fucking hate the NOTW. Doom and gloom merchants. Link to post Share on other sites More sharing options...
shorerdbear 2 Posted August 8, 2010 Share Posted August 8, 2010 Non Story! Our journalists' are desperate for a story and will peddle any pish to stir things up amongst the loyal faithful!Britney & co can go and fuck themselves. Link to post Share on other sites More sharing options...
M-89 532 Posted August 8, 2010 Share Posted August 8, 2010 source... the news of the world. my wee cousin could write for them and you wouldn't notice anything different... he's 10. Link to post Share on other sites More sharing options...
bluenose_72 198 Posted August 8, 2010 Share Posted August 8, 2010 We have money to bring in 2 or 3 good players, that's good news. Link to post Share on other sites More sharing options...
ttarmour30 0 Posted August 8, 2010 Share Posted August 8, 2010 source... the news of the world. my wee cousin could write for them and you wouldn't notice anything different... he's 10.has that rag ever got anything positive to say about us Link to post Share on other sites More sharing options...
fog 289 Posted August 8, 2010 Share Posted August 8, 2010 Wasn't the debt nearer £20m rather than £31m ? Link to post Share on other sites More sharing options...
supermac 115 Posted August 8, 2010 Share Posted August 8, 2010 I never expected Smith to get any of it to be fair. Finish anywhere but 4th in the Champions League and it will look more rosey. Bringing in three quality players in to maintain our champions status, reduce our debt and blood some youngsters in will set us up nicely for next season we will have a manageable debt and a very competitive squad. Link to post Share on other sites More sharing options...
bluenose_72 198 Posted August 8, 2010 Share Posted August 8, 2010 source... the news of the world. my wee cousin could write for them and you wouldn't notice anything different... he's 10.has that rag ever got anything positive to say about usNope. I fully expect if we sign Jelavic the headlines will be either "Bigger clubs drop out to allow Gers to sign Croat hitman" or "Jelavic: The risky deal that could cripple Gers". Link to post Share on other sites More sharing options...
MARK92GERS 815 Posted August 8, 2010 Share Posted August 8, 2010 thats good news if we have enough money for 3 players of a good quality hope Jelavic,Benalouane, and a winger (weiss,obertan,king........)sign lol Link to post Share on other sites More sharing options...
bluenose_72 198 Posted August 8, 2010 Share Posted August 8, 2010 Wasn't the debt nearer £20m rather than £31m ?Probably. But reducing debt stories don't sell rhags. Link to post Share on other sites More sharing options...
wearethemighty 186 Posted August 8, 2010 Share Posted August 8, 2010 Atleast it will bring the debt down. Plus if we do well in europe we might get a wee bit to bring a player or two in Jan! Ffs imagine it we sign players in two consecutive transfer windows! Link to post Share on other sites More sharing options...
MartinGers93 388 Posted August 8, 2010 Share Posted August 8, 2010 Fucking hate the NOTW. Doom and gloom merchants.This as soon as I see Rangers and cash I don't even think about reading it I just go to the next page. Link to post Share on other sites More sharing options...
Scott-RFC 308 Posted August 8, 2010 Share Posted August 8, 2010 Nothing new here Link to post Share on other sites More sharing options...
Gillete 1,338 Posted August 8, 2010 Share Posted August 8, 2010 Is it me or does it feel like the debt has been quoted as £30m for about the last 3 yrs Link to post Share on other sites More sharing options...
butthole 152 Posted August 8, 2010 Share Posted August 8, 2010 Thats a positve story if you ask me, we knew we were never going to get a mass of money to spend becasue we were in the champions league, the fact we defo have enough cash to bring in 3 players of decent quality and by that im assuming Smith is saying he wants 3 players that will improve the first eleven is good news in my book Link to post Share on other sites More sharing options...
FlippinEck 3,751 Posted August 8, 2010 Share Posted August 8, 2010 I thought Jelavic wasnt out of contract next summer? Link to post Share on other sites More sharing options...
fog 289 Posted August 8, 2010 Share Posted August 8, 2010 Is it me or does it feel like the debt has been quoted as £30m for about the last 3 yrsIt has risen to £31m for this story Link to post Share on other sites More sharing options...
M-89 532 Posted August 8, 2010 Share Posted August 8, 2010 Wasn't the debt nearer £20m rather than £31m ?Probably. But reducing debt stories don't sell rhags. mhankies getting out of their hovels on a sunday morning, see a wee dig at rangers in the rhags... forget about declan and bernadette's breakfasts, the notw is the only purchase of the day! Link to post Share on other sites More sharing options...
Scott-RFC 308 Posted August 8, 2010 Share Posted August 8, 2010 It is 2012 , bad journalism Link to post Share on other sites More sharing options...
skinnymate1690 666 Posted August 8, 2010 Share Posted August 8, 2010 not worried as walter says if we can bring in a few players , would rather they were here already so they could have blended into the team a bit in the friendlies before the start of the season Link to post Share on other sites More sharing options...
andymc10 6 Posted August 8, 2010 Share Posted August 8, 2010 Not really bothered to be honest, quicker we get out of debt hopefully means quicker we get a buyer Link to post Share on other sites More sharing options...
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