Devil in the detail behind Murray's £100m boast
In an interview with the BBC yesterday, Sir David Murray suggested he was unable to give certain financial information on Rangers due to rules which inhibit casual comment on a PLC, but this did not deter him from boasting that he put over £100m into the club in the last 20 years.
BBC correspondent, Chick Young asked, "Can you quantify how much you have put into this club over the last 20 years?"
To which Murray replied, "Over a hundred million pounds, and I don't expect to get it back."
I found this surprising way for a PLC to represent information.
Murray put £50m into the club at their recent share issue. Although this was heralded as being a great injection into the club at the time, they have not acted like a club who became £50m richer since. That money reduced Rangers debt by £50m, but the debt remained with Murray International Holdings, Rangers parent company. Murray's companies also invested up to £32m in a share issue in 2000.
It is also worth pointing this money is not lost, as Murray tried to allude near the end of his interview, he retains these shares and will determine the price he sells them for.
Murray also paid former Rangers shareholders ENIC and Lawrence Marlborough when buying their shares, but the club did not see a penny of this money.
Rangers accounts detail "Related Party Transactions" between Murray's other companies and the football club. During some seasons he spent up to £395k with Rangers, principally for stadium advertising, although I understand he pays no money for the naming rights to the folly, Murray Park. Over 20 years, £395k here-and-there mounts up.
Related Party Transactions also record that during some seasons Rangers spent up to £4.298m with Murray's companies, "principally in relation to catering services, call centre, mail order operation, information technology and travel".
£4.298m is a lot of Bluenose Burgers etc. in one season, and don't forget the price of those burgers; the mark-up is incredible. Over 20 years figures like this really would add up to a tidy sum, maybe not quite £100m, but more than enough money to establish a fabulous lifestyle.
Before the £50m share issue Murray MHL Ltd provided a revolving credit facility to Rangers. You might well wonder why when two of your companies have bank borrowings, one company would contract a loan arrangement with the other.
This remains a mystery, but Rangers accounts reveal that Murray MHL Ltd charged "commercial rates" for this credit; one year this amounted to £288k in interest, nice work, if you can lend it. This money was put into the club but then taken out several times, as the cash balance of the club varied, so he almost certainly put in £100m overall, but this credit was all returned to lender, with a negative net balance for the club after interest.
Murray also seems to be confusing the question, "how much you have put into this club" with 'how much other people have put into this club'.
Murray International Holdings (MIH) own 62m Rangers shares while Murray Sports Limited (MSL) own 37m, but Murray himself only owns 67.5% of MIH and 57.1% of MSL. Accordingly, 62M x 67.5% plus 37m x 57.1% = 62.96m shares, or 58% of Rangers. The other 42% is owned by a myriad of investors, including small shareholders and HBOS, who own 11% of MIH.
While it is easy for Murray to suggest that he would not be difficult to deal with if the right person arrived with an offer for the club, convincing other shareholders, especially HBOS, who Murray's companies are in debt to, including a substantial amount repayable on demand, will be a tricky proposition. HBOS might be more inclined to suggest he continues to take the heat and hold out for an offer which matches their book valuation.
I almost fell off my chair when Murray asked Chick Young how to asset strip something you own! On listening again, though, I am sure "First of all, how can you asset strip what you own?" was a rhetorical question, and Young was not being asked for some highly suspect financial advice. After all why would a man who outsourced catering to his own company ask a question like this?
However, that comment brought to mind the other money Murray has put into Rangers, he bought the Albion Car Park from the club at the going rate, or at least, at a figure Rangers were happy with. I wonder if any of this land is subject to the planning application he mentioned in his interview?
For all his good work throughout the years, from breaking the taboos in 1989 to selling all those burgers, I think 'Murray' is no longer an apt name, from now on, I'll know him as Sir David Murphy!
His parting advice to Rangers fans to "leave the finance to me". What a character the man is.
Murphy must stay!
BBC correspondent, Chick Young asked, "Can you quantify how much you have put into this club over the last 20 years?"
To which Murray replied, "Over a hundred million pounds, and I don't expect to get it back."
I found this surprising way for a PLC to represent information.
Murray put £50m into the club at their recent share issue. Although this was heralded as being a great injection into the club at the time, they have not acted like a club who became £50m richer since. That money reduced Rangers debt by £50m, but the debt remained with Murray International Holdings, Rangers parent company. Murray's companies also invested up to £32m in a share issue in 2000.
It is also worth pointing this money is not lost, as Murray tried to allude near the end of his interview, he retains these shares and will determine the price he sells them for.
Murray also paid former Rangers shareholders ENIC and Lawrence Marlborough when buying their shares, but the club did not see a penny of this money.
Rangers accounts detail "Related Party Transactions" between Murray's other companies and the football club. During some seasons he spent up to £395k with Rangers, principally for stadium advertising, although I understand he pays no money for the naming rights to the folly, Murray Park. Over 20 years, £395k here-and-there mounts up.
Related Party Transactions also record that during some seasons Rangers spent up to £4.298m with Murray's companies, "principally in relation to catering services, call centre, mail order operation, information technology and travel".
£4.298m is a lot of Bluenose Burgers etc. in one season, and don't forget the price of those burgers; the mark-up is incredible. Over 20 years figures like this really would add up to a tidy sum, maybe not quite £100m, but more than enough money to establish a fabulous lifestyle.
Before the £50m share issue Murray MHL Ltd provided a revolving credit facility to Rangers. You might well wonder why when two of your companies have bank borrowings, one company would contract a loan arrangement with the other.
This remains a mystery, but Rangers accounts reveal that Murray MHL Ltd charged "commercial rates" for this credit; one year this amounted to £288k in interest, nice work, if you can lend it. This money was put into the club but then taken out several times, as the cash balance of the club varied, so he almost certainly put in £100m overall, but this credit was all returned to lender, with a negative net balance for the club after interest.
Murray also seems to be confusing the question, "how much you have put into this club" with 'how much other people have put into this club'.
Murray International Holdings (MIH) own 62m Rangers shares while Murray Sports Limited (MSL) own 37m, but Murray himself only owns 67.5% of MIH and 57.1% of MSL. Accordingly, 62M x 67.5% plus 37m x 57.1% = 62.96m shares, or 58% of Rangers. The other 42% is owned by a myriad of investors, including small shareholders and HBOS, who own 11% of MIH.
While it is easy for Murray to suggest that he would not be difficult to deal with if the right person arrived with an offer for the club, convincing other shareholders, especially HBOS, who Murray's companies are in debt to, including a substantial amount repayable on demand, will be a tricky proposition. HBOS might be more inclined to suggest he continues to take the heat and hold out for an offer which matches their book valuation.
I almost fell off my chair when Murray asked Chick Young how to asset strip something you own! On listening again, though, I am sure "First of all, how can you asset strip what you own?" was a rhetorical question, and Young was not being asked for some highly suspect financial advice. After all why would a man who outsourced catering to his own company ask a question like this?
However, that comment brought to mind the other money Murray has put into Rangers, he bought the Albion Car Park from the club at the going rate, or at least, at a figure Rangers were happy with. I wonder if any of this land is subject to the planning application he mentioned in his interview?
For all his good work throughout the years, from breaking the taboos in 1989 to selling all those burgers, I think 'Murray' is no longer an apt name, from now on, I'll know him as Sir David Murphy!
His parting advice to Rangers fans to "leave the finance to me". What a character the man is.
Murphy must stay!
First of........
Gold
Oops Fools Gold
Ed,
"Probae esti in segetem sunt deteriorem datae fruges, tamen ipsae suaptae enitent."
Joshyboy told me to tell you that naybdy speaks to him like that and he´s gonnae get ye !!
Brilliant ! I cant believe you just done that
nearly there!!!
Paul67 - Can't believe you stole my line about Kaunas for your previous headline and didn't give me a credit !
Bloke109 - Thoughts are with you mate. Good friend of mine, and very good Celtic fan tragically died 2 years ago today in the USA. Always think of him whenever something happens in the Celtic world and am sure he is watching on in the comfy seats up there somewhere.
joshyboy - you obviously haven't received a phone call early one morning from your father in law telling you that his son has committed suicide. Nor have you then had to tell your wife the news about her brother, nor look at his 3 little kids and try to explain to them that their daddy isn't here anymore. No doubt your original comment was made with regard to a group of people for whom many of us have little time for, but take it from me that suicide is not something that you should wish on anyone.
It wisnae me, it was the internet!
Paul,
Whats with the Murphy comment? (May have missed something!)
i have two very funny pictures i would like people to view, how can i do this?
Paul,
Lovely article.
But the sad thing is that all of the figures you quote are available to any competent journalist (maybe an oxymoron when talking about the Scottish sports varieaty) and no one asks the questions!
Chic's fawning interview was like baseball batting practice - oh, Sir David (how I love you), here are some nice easy balls for you to knock out of the park.
ed
you`ll have to translate that
the clown cannae dae English ...
Paul, you know how to kick a man when he is down don't you. As I alluded to you the other night, welcome to the club, I had great fun with John McClelland while awaiting my flight on Tuesday..........
cardiffbhoy, just for the record, Joshyboy is an interloper from the other side on the wind up, don't let your personal distress show through to him.
sorry
never mind latin
Can anyone enlighten us as to just how they can afford to spend £9m so far in transfer fees and l0ok like spending another £9m before the window shuts?
Another excellent article Paul67 you are one insightful host and a pleasure to post beside..
Cardiffbhoy-No doubt your original comment was made with regard to a group of people for whom many of us have little time for ..apology will suffice
bhoydell- grow up son with the hun jibe I have forgot more about Celtic than you will ever learn...
First post.
The longer Sir Minty stays at the Bigotdome, the better.
Why no news of the £700M superbigotdome?
Why is there no financial investigation into Minty's practices?
curiousCFC
http://www.murphysfoodandspirits.com/Lunch_menu.htm
"like my murphy's im not bitter???"
pfayr> ;-)
cardiffbhoy> ignore is best policy..dont waste a breath on him...
Paul67, good to get it off your chest eh! Great stuff.
Have you any news on the Maloney rumour from the previous thread
Whooshman
Paul - I think a potential reason as to why SDM finds it easy to spin the truth is that he is being interviewed by people more accustomed to asking players and managers if they are happy with the result or if the conditions made it tricky out there.
He is a businessman and as such needs to be interviewed by the top economic and business analysts that pour over the details of company reports for the likes of the Times, the Guardian and the Telegraph. He knows the Likes of Chick Young are not capable of asking him searching financial questions. He knows they will not have done enough homework to dig deeper than the bland "so are you a selling club" type question.
I wonder what an FT or Economist journalist would do to him in current circumstances?
Trolls shrivel up and die if you don't feed them. I suggest everyone here adopts this policy with people like joshyboy. He is very easily ignored, it takes about three seconds of practice before it becomes second-nature.
Paul67 - Any truth in the story about Bobo knocking back 30k a week at Birmingham ? Would seem incredible if true.
First time poster - Just one question for Kittochbhoy, How reliable is your source re:Maloney? Paul: Great site.
pfayr,
I think it's "A good seed, planted even in poor soil, will bear rich fruit by its own nature."
Should know this being a bishop and all..
/Bishop B
Henrik
Wasn't a similar story about Wolves debunked under 48 hours ago?
Can someone explain the situation with the Rankers youth team again? They have to buy back their youth players don’t they?
Need to settle an argument with a rankers fan over this.
Dannybhoy67, kicking them when they’re down.
There is more than one Joshyboy
It's all in the syntax
aldo and shanghai - stop behaving like a couple of spoiled canny take it clowns.. thats a good boys...
Paul
You have mail.
Shanghai - yep, thats why I'm asking. Just wondering if its another fairy story or if this one is true. The Birmingham story is out today.
Bishop
many thanks ...but the translation was not for me :¬)
you`ve obviously missed the drunken latin sparring between nelsbhoy and i in the past
thanks all the same your grace
Oh dear...'Smoke and mirrors', 'Robbing Peter to pay Paul' all spring to mind. This is quite damning, Paul - well done!
From a parochial perspective I'm loving every minute of their steady demise and long may it continue.
However, one must wonder what the human price of Murray's hubris is. How many jobs have been shedded and livelihoods ruined as Murray chops and change to save what little is left of his reputation as master of that quintessentially British club?
This guy is a few steps away from Maxwell. Hell mend him.
Shaun Maloney ...... now there's a positive step forward.
Wullie Docherty
Welcome to the site.
This source has never been wrong and has been right many many times.
Shuan is back, back again.
Kittoch
uly
either that or there exists two illiterate malcontents
Given the great success of "Orange Day" a few years ago, perhaps Murray should run a "Brown Day" to celebrate the quality of their current players.
Dannybhoy67
I remember something about this a few years back. It was heralded as a great new dawn, Rangers would compensate the youth setup by buying any youngster who looks like making the grade. Was supposed to make the youth setup self suffieient. Maybe that explains why no youngsters have made the grade since - Rankers can't afford their own????
At least whoever started this rumor version 2.0 picked a team that could hypothetically afford those wages.
Paul67,
You're missing the real story. Murray is not fleecing Rangers through inter-company transactions.
But how much has he taken out of MIH in dividends? Two years ago their total dividends were over £15m, almost 85 per cent of which went to him.
He has also received many millions in "emoluments". Plus payments into money-purchase pension plans.
Tot this up over the last seven years, and it's a huge sum.
Rangers FC are predominantly owned by one of many shelf MIH companies, and also a Murray Sports shelf company.
Rangers FC also report in June, unlike MIH. So cash and debts and revolving credit can be moved around in the intervening period to make balance sheets look more palatable.
The sort of thing that "due diligence" from forensic accountants would uncover.
Perhaps you should ask Mr Soutar to let you see the report he received. The one that persuaded him to drop his interest in Hun PLC very, very quickly.
I noted with interest his scathing attack on web based outlets blogs like this one I suppose. He doesn’t like them does he? Apparently the way to get the truth is to have relationship, phone him up, have a chat ask a question and get a direct answer. This seems to affirm that he wants to control and manipulate the press reporting on all things rangers.
Now given the guff we have to endure from the main press in Scotland, and that most of the TV/Radio and printed press have accompanying web sites which include discussion forums, and we’ve all witnessed the lazy journalists who CTRL “c”, CTRL “v” from all these sites right into their reports; I have to wonder who is kidding who? Like it or not we’re all be accused here. The way things are going, Mr Murray will have to wake up to the 21st century and get used to this new fangled interweb thingy or risk having no media to manipulate.
Given what Paul has extracted and presented above, and the smoke/mirrors approach in the original press release/"interview". I am reminded of the press control under the old soviet regime. Press stories under Pravda were defined as either News or Truth and the adage was that:
Truth is not News and News is not the Truth.
Paul67, I salute you sir! an inspired piece of writing, without doubt your best yet!
out of interest, whats the score with the office block outside Ibrox? (eglinton house?) is there not something similar happened with that to the car park?
Dannybhoy67 - this is an exercise to improve the on-paper accounts. Players that come through the youth system have no value in the accounts ie we cannot say that McGeady is worth £12M in the accounts because we did not pay that for him and we therefore have no concrete knowledge of his value, we can only speculate.
Rangers on the other hand 'buy' their players from Ranger Youth Development, which means that all of the players coming through the youth system have a value in the accounts and it improves the overall picture. A wee plus from their point of view is that they can just make up the fee eg:
Youth Development - "He's very good, let's value him at £2M"
Rangers - "Aye, whatever".
MIH Accountant - "So that's £2M from RFC into RYD. We own RYD, so we'll have that thank you. Oh look, RFC are £2M down, it's handy I've just taken that from RYD, I'm in a good mood I'll give it to RFC".
Kittochbhoy thanks, but at the risk of annoying, is your source still expecting Maloney deal to be completed today? Excuse the name change completed registration profile incorrectly.
kittochbhoy, you seem convinced
i hope you're right, it would be our best signing this summer in my eyes
Mazy
RE (polo) minty
the longer he stays the better ,as I said before ,I will refer to him from now on as polo)minty the man with the hole in his defence ,accounts ,boat, midweek calendar,and of course the one he currently keeps digging.
results on the park are his only hope ,c'mon the jam tarts ,heap on the agony
hail hail
weeminger
I think the financial hilarity that is RFC/MIH could be made into a superb web comic a la Get Your War On (http://www.mnftiu.cc/mnftiu.cc/war.html).
did someone say something there?
kittoch> a wee bit of evidence may back up your claim!!!
philvisreturns...that might be misconstrued by some of the brethern...;-) maybe call it something else??? it might also be unfair to the hordes of dungbeetles making their way there only to be let down badly.....
ulysses> i thought that too..ignoring (both!?)anyway...
Paul67>whats with the murphys bit on your article?
slan
aldo
Paul67
With his mathematical ability in question, maybe he should have considered another school...i'm sure templar smith could advise him
On a more serious note, when bluster and braggadoccio replace planning and a sustainable strategy then the barbarians really are at the gates
He's behaving like that other knight of the realm, Sir Robert Maxwell, more and more with each passing crisis
kittochbhoy the one more goalscorer that we need. Think what Shaun will do to make it all right again in our eyes. He will put everything on the line for the hoops and so he should. We know that he has got it. Our Lubo junior back home where he belongs. I hope this isn't just another rumour.
I´ve been told that the car park will be cordoned off at Ibrox tomorrow and that a marquee tent selling Manchester 08 memorabilia at a knocked down price is being erected as I speak. Admission 8 quid 50 pence
I see Rangers are close to signing Pedro Mendes.
When can we expect to see him paraded at Lennoxtown? :)
ScoutingForBhoysCSC
mike galloway stayed in west calder / polbeth a few years ago.
he ran the firs pub team, and he was a bloomin joshybhoy of the highest order.
whether people are said for guys like him, i dont know,
all i know is i saw him act like a bully, and a lot of other things i cant mention on this site,
i have only ever known two guys who acted worse than him, and they are both despised in my village.
mike galloway will always be in the papers.
he runs to them trying to get a sympathy vote. IMO.
Awe naw do they take Euro's
Ed,
Probae esti in segetem sunt deteriorem datae fruges, tamen ipsae suaptae enitent. -
The Darnel will put a stop to that. ;-)
Therags...
Joshy, A couple of months ago I posted a joke about suicide on a non-football forum without thinking. I soon found out that another poster's brother in law recently put a gun to his head and left a wife and 2 wee kids behind. I felt like a complete c**t. So I had the post removed, apologised profusley and learned to think about what I post.
I don't post often enough on here so while I'm on I'll say a few more things.
Pablo, I look every morning at the choons that the night shift put up for our entertainment. Don't think it isn't appreciated mate. I have over 13,000 songs on my iChoons, perhaps we should talk music some time.
bjmac03, I have nothing but respect for you for coming on here and talking about your illness. You'll get plenty of support on here. Love and light to ye sir.
Bloke_109, condolences to you and your friend's family. I lost my wife 4 years ago (totally unexpected) and I had to learn to cope with it and bring up 2 daughters. The family will never get over it but it will get easier with time. Believe me, I know.
Said too much I think.
Hail Hail
paul67
you owe a big apology to every murphy anywhere with connections to our club, you don't want them holding it against you connecting them to that scumbag murray
murphysarebittercsc
ANNAOAN & PFAyr :- It does seem to have stumped him a bit as I haven't received any vitriol. Do you think perhaps that he may not like attacking a fellow hun ;-)
TheRags :-I like it :-) but it brought to mind WinningGemmell, does anyone know if he has left the site or just away for a while?
When any analysis of Sir David Murray’s commitment to Rangers is made by the bean counters they invariably miss a very important aspect. This is the very considerable, but intangible benefit that SDM has derived from his ownership of Rangers FC’s corporate hospitality.
Some years ago, on several occasions, I attended Ibrox as a guest of one of MIH’s steel stockholding companies. I have to say that the hospitality was first class and no expense was spared. In my case of course as a Celtic fan and an honest businessperson I was not influenced to place any orders with MIH on the basis of anything other than merit. But that was not the case with other guests who were feted before during and after the game at city hotels as a means of securing major steel orders. In the heady days of the offshore construction boom and 9IAR Ibrox was the place where steel deals were struck.
Coming from Fife I am also aware that another boost to MIH’s profits came from opencast coal mining, construction and leisure in the Kingdom. That many of Fife’s councillors were Rangers minded and regular recipients of MIH hospitality does not mean that deals between MIH and Fife Council such as the Kingdom Park opencast and Vida Sports at Pitreavie were made at Ibrox, but there is no doubt that it helped.
I remember two Masonic, blue-nose, Labour councillors from Fife who made no secret of the fact that they were regulars to such an extent at Ibrox that they referred to the management team on first name terms….Walter and Archie!
IMHO this rather dubious spin-off from corporate hospitality brought more millions into MIH than the 100 that SDM claims to have spent from his own pocket.
Having received similar hospitality at Celtic Park I found it to be less professional and the hard sell much softer…not even approaching MIH’s quid pro quo methods.
PBF- If you make a joke about suicide then surely thats how it should be taken in jest its a forum FFS if these guys who have had that unfortunate incident happen to them then they should not come onto a forum where suicide jokes are common place..
Good stuff Paul,
Keep the pressure on, they may gulp down his lies, we wont. Have to say, he sounded like a complete bully in that interview, i'm right and everyone else is wrong mentality, the walls are crumbling around him. Might be those tanks that have rolled in.
Heard a story that Rangers are trying to change their strips this year. think they had them on against kaunas last week though.
http://news.bbc.co.uk/1/hi/sci/tech/7553061.stm
Minty's interview was a shocker.
There is absolutely no strategy for the club, sustainable or otherwise. That was coming through so clearly.
Comments like "we will spend the Cuellar money, hopefully wisely, in the short term"
Spoken like a true leader who has every confidence in the management structure around him.
He appears now to be totally devoid of ideas for next week far less next year.
The movement of money around so many pots can only go on for so long before you have to actually sort it out and he looks like a man who has no idea how to do that.
The laptop loyal have done (polo)minty proud this week
polo......OK boys I no you have to give out a bit of stick ,but you better make it up to me and more before the hearts game ,even if you have to pay a film crew to air the arrival of the wee boy from ..eh,eh Spain aye Spain .Now fly my little birdies fly and write like you have never written before
I'm no accountant so I reply on others to shed light on the Huns financial troubles, keep the insights coming bhoys, knowledge is power. Oh how the mighty (Minty) has fallen.
Wee Maloney back?????????
WOW signing? Don't think so, so is there a WOW signing still to be paraded in the Hoops? Any word paul67?
Walter is quoted on BBC as saying that Pedro can get a goal or two. Well, that would certainly add to his 15 goals in 10 professional playing years.
ed i dont debate with huns in fact I would prefer it if you escaped over to follow follow where your kith and kin belong...
Very Good article Paul, couple of questions;
He bought RFC for £6M. was this cash or borrowed and did BOS finance this debt and was this a personal debt from Sir Minty or debt provided by BOS to MIM?
Some time ago he sold ENIC 15% at £40M and bought back at between £8M - £12M. This was a straight share sale which went into either MIH or his own pocket, surely this counts as income TAKEN from RFC?
He sold NTL a % as broadcasting rights at £40M and bought back some time later - what was the price and where did this income go?
I was told it is reckoned that with his supplier companies to RFC as well as his ownership of Murray park and leasing this to RFC he has TROUSERED over £40 MILLION FROM RFC during his term of office and he has NEVER "put his own money into RFC as this has always been debt acrued by RFC" - Are there any correct figures on how much the rascal has actually made from the tangerine hoardes and do you have any analysis by any financial experts on how the debt was relocated to MIH and the fact that RFC has provided ready cash for his pockets for many years so far??
cheers Lads! thats exactly what I needed!
Now to throw that one out there tonight, sit back and watch them all kick off in front of me!
joshyboy>
this is a CELTIC NEWS site...we dont stoop so low as to make throwaway comments/"jokes" about people self harming or having suicidal ideation....
many people on here have unfortunately first hand experiences of such matters...
i manage these situations every day at work and can assure it isnt in the slightest bit amusing...
why dont you go and post some stuff about celtic on a self harming/suicide site? if your logic follows?
you are a self propagating parasite of the lowest order...
now geez peace....
Ed,
Mr Josh Irons AKA Joshboy is definitely a tim and I like him, honest. He reminds me of Gollum and we all loved him ..didn´t we? there´s some kind of charm there ?
aldo67 anymore of your nonsense and I will get Paul67 to ban you ya clown...
Oh Joshyboy, Joshyboy, Joshyboy
What won't you do for attention?
So what was it exactly?
Did nobody play with you when you were a wee Joshyboy?
Bed wetter?
Dressed in the wrong clothes?
Acting out due to a deepset inadequacy complex?
Failure to access your insecurities manifesting itself as, well, exactly how you are...
Do you still worry about what people say about you when you leave the room?
You should...
Edward> you maybe have to break down your reply into easy to understand syllables....
you hit the nail on the head with the latin quote....
Paul 67,
Great post. Watched big Raman Barwags almost kiss the great one's arse on STV the other night. Talk about stage managed! I blieve that as long as this muppet is in charge of the hun we will dominate Scottish footbal. Providing we can keep our own house in order. So I plead with the RST,please do not go too heavy on Sir David. Cut him some slack. We think he is great.
Hail Hail.
Joshybhoy you are a colourful character mate, not sure what colour yet but it has a hint of mischief. You can do a lot of things on this blog , be yersel , we'll get used to you and you must enjoy our company or enjoy the wind up because yer still here. If you cross the line , cross back over. Some of our Celtic family on here have lost close friends and family very recently. Show some respect , pull your head in this time Joshybhoy.
ulysses mcghee- try the fringe thats quite catchy or perhaps i could book you up for my companies xmas extravaganza we always hire a couple of bunkernuts to keep the place lively..
"yawns"
notrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebaitnotrisingtothebait
ulysses> professionally speaking im thinking its borderline personality disorder..... ;-)
Not denying the bed wetting then?
Oh hello grammatical Joshyboy
oops i made the page big!!!
sorry folks...wheres my bin????
aldo
blogbreaker, though it makes more sense than the illiterate ramblings of another poster.
aldo67,
I think Paul is the only person capable of deleting posts now.
Everybody had a hard year
Everybody had a good time
Everybody had a wet dream
Everybody saw the sunshine
Oh yeah, (oh yeah) oh yeah, oh yeah
Everybody had a good year
Everybody let their hair down
Everybody pulled their socks up
Everybody put their foot down
Oh yeah
Yeah I've got a feeling
A feeling deep inside
Oh yeah
mort> i am highly embarrassed....so amateurish of me..
johnmayallsblogbreakersCSC
Taurangabhoy - I lost my younger brother aged 45 last feb when he took a heart attack at 7.20 in the evening and died
so I know aboput losing close members of my family , you then have to go thru a greieving process which can last any amount of time however my beleief is that if you are a roman catholic then you should be happy for your lost one because they have gone to a far better place up in heaven and if you dont believe that then perhaps yoou dont believe in the roman catholic religeon..
new article posted.
naka> thanks..i knew that!!! just pining for the sentiments of the ould "bin"
nostalgiaaintwhatitusedtobeCSC
St. Anne's Whitechapel @ 10:16 AM
On here I normally only read posts that are reasonably interesting and articulate, yours qualify on both counts, therefore I was shocked to come upon your 'joke' yesterday re David Murray. As a fan base I like to think we are way way above that. Its got to be out of character for you - right? Not wanting to start another ding dong on here or anything like that, simply responding to your 10.16 post.
Taurangabhoy - I lost my younger brother aged 45 last feb when he took a heart attack at 7.20 in the evening and died
so I know about losing close members of my family , you then have to go thru a greieving process which can last any amount of time however my beleief is that if you are a roman catholic then you should be happy for your lost one because they have gone to a far better place up in heaven and if you dont believe that then perhaps you dont believe in the roman catholic religeon..
Joshybhoy I bet when you had to have your lobotmomy you gave the surgeon a piece of your mind.
Don't bother posting a reply email me direct at hoosh@u.did.com
Edward naughty naughty but very very good agree with the rest of your sentiment btw
Heu, modo itera omnia quae mihi nunc nuper narravisti, sed nunc Anglice?
thecannonnothecanoncsc
Joshyboy I know what I believe and like many on here have experienced some of the hard stuff in life.
I lost my brother when I was just a boy , I am still grieving.
Take it easy Joshybhoy.
Joshyboy is clearly a sad Catholic bigot. He is the mirror image of the majority of FF posters in the way that Stalin and Hitler were so different and yet so similar. Ed cannot of course go to FF as he has been already been banned for being reasonable. He may be of protestant background, a Rangers fan and from Ayrshire, but, he's better on here, than a smug, sactamonious Celtic bigot smart a**e.
Joshy, you may be a rich, successful, fast witted, privelidged, god-fearing travelrugger, but your inadequacy and lack of decency ooze from your offerings which means that, as hard as you might try, you'll never quite get in here because you don't understand the concept of respect.
Dumbhoy whodoesntpostveryoften CSC
for all the guitar players out there this will twang your wire
http://de.youtube.com/watch?v=JdxkVQy7QLM
Brilliant .. he forgot "dont stand so close to me"
I take it the Airdrie motivation master has a short client list and has lots of time on his hands?
(waits for anthony robbins/richard bandler type answer along the lines of I charge so much I only need 1 client a year)
Yawn, yawn hagerty yawn
Joshyboy:
I was passing thru the blog a couple of weeks ago and I saw you having a wee tiff with one of two of your fellow bloggers. Somehow a wee wager was raised I think the sum mentioned was 150 thousand.
Well I might not be as wealthy as you, maybees I am, maybees I’m not, who knows and who cares but I think when it comes to a wee wager you might just be as big as mug as me.
So to get to the point let’s put a few quid where our mouths are; I’m going to be home for a game in the next few weeks, work and domestics all being sweet, now when I come home, what say you and I, with as many BB’s Cliquee’s who care to witness, meet up before whichever Celtic home game I can make and we have ourselves a wee wager.
Maybe correct score.
Maybe first scorer.
Maybe time of first goal.
Or any permutation of any bet on a single game you care to mention.
We can have ourselves a trifecta or if you chose. 50 GRAND on each single bet and a further 50 GRAND on top on who calls the most correct.
That is a grand total of 200k as you like to put it. If you are up for it I will have my bank certify cheques to whatever sum you care to mention up to a value of 500k and I will have them with me in person when I get there.
What say you big man??? You up for a wee wager???
You and me with a 500k limit. (certified bankers cheques only)
kitalba and others,
I think everyone has moved here
Kitalba - I dont gamble never have its for mugs..
Paul
Interesting article. Where there's money there's muck or is it vice versa? The questions raised by the points made should be being aske by te Ranger support.
Can you clarify what you meant when you wrote
"I almost fell off my chair when Murray asked Chick Young how to asset strip something you own! On listening again, though, I am sure "First of all, how can you asset strip what you own?" was a rhetorical question, and Young was not being asked for some highly suspect financial advice. After all why would a man who outsourced catering to his own company ask a question like this?"
Was it Young being asked or Murray? Or Young asking Murray? What were you implying in the last sentence? Just seeking clarification.
I posted yesterday on how the cost of buying out Murray would put off any investor unless the cost was peanuts. An unknown factor was the amount of regular profit generated by Rangers. If Celtic can only generate £4 million on their turnover there is no chance of any investor in Rangers getting a return in his lifetime if the buy out cost is £75m.
I'd also heard that Sir Minty, having been rebuffed by The Honest men then, via the honest and upstanding Graeme "its not a toupee, its a hair weave and I dont dye it" Souness, beat a path to Lawrence Marlboroughs rep, David Holmes and agreed a cash deal of £6M for a company valued at £21M. (Mmmmmmmm, suitcases and off-shore accounts anyone??)However one condition of Lawrence selling his familys silver was that major investment had to be made to continue on the path of them bringing in players such as Butcher, Woods etc. (Marlborough obviously thinking Sir Minty would invest his own money) However Sir Minty then proceeded to borrow against RFC and load RFC with debt and no cash injection was forthcoming.
Will we ever know if Sir Mintys House of cards has actually ever existed or has that proof been washed away in a sea of tangerine, fine red wines and private jets as far as the sports journos have been concerned and a sea of indifference as far as the Scottish financial journalists are concerned??
Now that everyone's signed up to Michele Cocozza's CQN Fantasy Footie League, you're all welcome to join another Fantasy League. on the same site.
Full details are here; Selectabet and you can use this code to join the private league: 258353-58410
Unlike Duffield & his SFA cronies we've managed to get a sponsor for our competition; Paddy Power have provided £200 of free bets and there's prizes for finishing 'Rangers', sorry 2nd (and 3rd).
Good Luck!
DASTS
I see polo minty's private jet was not needed to fly in the Spanish wonder kid .
It's ok because.an old plane from Mr stellios did the honours .Well it is orange and and has the new rangers
motto on the side EASY ,and so they are .
At the risk of stating the bleedin obvious,if we,collectively,ignore the poster named joshybhoy,he WILL go away
johnnyquest
Who is Joshybhoy?
bhoy sean
Joshyboy and Mansell are both Paul67, he doesn't deny it
Jvoh67 whoisontopaul67:-)))
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