The Derek Llambias biography posted on the official Rangers website makes interesting reading.
Thanks to Mag reader Dave Jegier for pointing us in that direction.
The bio is that interesting that surely there is only one man who could have written this on Derek Llambias’ behalf.
Step forward…Joe Kinnear.
This is what the Rangers Derek Llambias bio says with relation to his time at Newcastle United:
‘Derek joined Newcastle Football Club in 2007 as Vice Chairman and Managing Director and in his 5 years stewardship he reformed and improved stadium facilities, expanded commercial activities giving N.U.F.C. an increase in turnover from £85 million to £123 million. He took the club which was making significant losses to one of the top 20 most profitable clubs in Europe.’
We’re not sure which alternative universe these ‘facts’ were taken from but these are the facts as the rest of us (apart from Llambias and Kinnear) understand them:
Llambias took charge of NUFC from Chris Mort in 2008
The financial year (2007/08) while Chris Mort was in charge produced the following revenues –
2007/08 Turnover £99.4m (Commercial £25.9m, Matchday £32.4m, TV £41.1m)
Derek Llambias left Newcastle United in June 2013 after five years in charge and his final NUFC financial figures were for 2012/13 –
2012/13 Turnover £95.9 (Commercial £17.1m, Matchday £27.8m TV £51.0m)
The operational ‘profit’ was in reality a loss of £616,000 in Llambias’ final year.
Quite extraordinary what Derek Llambias has allowed to be put up on the official Rangers website.
Claiming he increased turnover by £38m when he actually decreased it by £3.5m despite £10n extra TV money.
Claims he expanded the commercial activities to help give these fantasy increases in turnover, when the reality is that Commercial revenue dropped by £8.8m.
As for becoming one of the top 20 most profitable clubs in Europe, Newcastle United made an operational loss and didn’t make any profit.
There are unconfirmed rumours that Derek Llambias managed to fit in writing his Rangers biography, in between swimming the Channel and climbing Everest.