The Rangers financial results this week were the subject of the most succulent lamb you will ever see.
Not since the days of David Murray have we seen the Scottish media practically wet themselves over a set of figures as they all tried, and failed, to hail their latest balance sheet as a profitable success.
Nothing could have been further from the truth as Celtic fans and bloggers highlighted the most blatant sideshow since Craig Whyte was hailed as a Scottish billionaire.
It seems that finally, someone is prepared to tell the truth about the figures bit with a little smidging of whataboutery.
Finance expert Kieran Macguire was asked about the report by Football Scotland, and this is what Maguire said, “Rangers said they made a £5.9 m profit, but there’s lots of different ways of describing it.
“They made a loss before tax of £2.2 m but of that, £2m was interest costs. By the time you make tax adjustments, the net position was a loss of £0.9m.
“Rangers are still a wee bit in their recovery stage and there was the settlement with Mike Ashley of £6m, but that was offset by a degree by Steven Gerrard leaving to Aston Villa.”
So to cut through the spin on this, they made almost a £1m loss.
No matter how much it is spun by the media, the final line in the balance sheet says LOSS.
And it’s about time someone said it.
It only took a bloody week though.
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