When the wealthy borrow from the poor

1829

Sell fans a ticket, you owe them a game of football.  Whether the standard or result it good or bad, it’s a relatively easy commitment to keep.  That’s what fans get in return for spending money on a ticket.

Sell people shares, you owe them a share certificate.  That’s what shareholders get in return for coughing up for shares.

Borrow money from fans and you owe them much more than a game of football or a share certificate.  In many instances that money will have come from people who had to forgo things to provide you with the loan.  You owe them a duty of care that their loan will be repaid, or converted with their agreement.

It beggars belief that an unsecured loan has been offered to Rangers International by fans group, Rangers First.  If, as claimed, the obligations to Sports Direct have been met, the club will have both the ability and the incentive to pass the securities previously held by Sports Direct to the fans group.  The club’s IP, training ground and ancillary assets should now be unencumbered, who better to have security over these critical parts of the club than a fans group?

Unless, of course, the obligations to Sports Direct have not been met.  Or someone else has their eye on the assets.

The claim that Dave King would match Rangers First’s loan took me by surprise.  This was counter to everything I knew and expected of him.  His swift denial was more consistent with expectations.

There is an axiom in football: Any club who has enriched a PR individual to the tune of £500k in the last year is making a serious attempt to divert it’s fans attention.  Celtic’s PR machine deals with the efficient communication of football information and financial reports.  Nothing whatsoever is spend attempting to lead the news agenda.  This often leaves us on the receiving end of that agenda, but we have nothing to hide.  Which is the way it should be.

Few sights in business or football can be more alarming than when purportedly wealthy people borrow money from poorer people.  The warning signs are writ as tall as the Ibrox stands.  This time there is no hidden Ticketus deal people can claim they didn’t know about.

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  1. Pogmathonyahun aka Laird of the Smiles on

    I really don’t like Jambo’s fans and I’ve just been told off by my son, online, for cheering their goal. My reasoning – we don’t have great recent record against Aberdeen in the Scottish Cup.

  2. IVEHADTOCHANGEMYNAME @5:30PM,

     

     

    I can remember going to Hampden to watch a Glasgow select playing against a Manchester select in charity matches; possibly 1961,1962 and 1963. Don’t know if Jinky or GB were involved.

  3. Nye Bevans' rebel soldier on

    Pogmathonyahun……..the sheepies haven’t lost

     

    a Scottish cup tie at Celtic Park since Noah was

     

    a boy.

  4. GORDON @5:18pm,

     

     

    Did Bertie not get sent off against Racing Club in South America and just stayed on the pitch. Brilliant.

  5. Pogmathonyahun aka Laird of the Smiles on

    Nye :-), also the more dents to the sheep confidence the better.

  6. CQNrs preferring Hearts to Aberdeen, really? ;-)

     

     

    Least favourite Scottish teams – TriggersBroom, Hearts, Kilmarnock

     

    Least disliked Scottish teams – Celtic, EKFC, Dundee Utd, Hibs

     

     

    Pretty non-plussed about the rest

     

     

    Therefore, come on Aberdeen……..

  7. GlassTwoThirdsFull on

    Minceyheidman on 9th January 2016 4:53 pm Next round Sevco/Cowdenbeath V Annan already decided me thinks.

     

    ———–

     

    You can be sure there will also be a game between two diddie teams for Sevco to get in the following round.

  8. Dallas Dallas where the heck is Dallas on

    Ron Bacardi, check out the post on page 12 at 2.32 pm about the ten biggest cheats in European football.

     

     

    You asked south of Tunis the other night why he doesn’t like Rubentus. The above post might explain why.

     

     

    They are the hun equivalent in Italy with their superiority complex.

     

     

    Also their players’ behaviour and tactics the last time we played them, could have been better.

     

     

    Watching the diet v dons game. The commentator has mentioned the scorers of hearts’ goals against us, 3 times already.

  9. Glasstwothirdsfull –

     

     

    2 diddy teams? Hope that’s not a dig against today’s postponed tie, East Kilbride FCv Lothian Thistle Hutcheson Vale ;-)

  10. BSR thanks for pointing that out. My sister sent it to me so I fell for it hook line and sinker. Apologies to all concerned.

     

     

    HH

     

     

    KTF

     

     

    UTLR

  11. BOURNESOUPRECIPE, 6:03 PM

     

    Sorry, you lost me there.

     

    It’s an April Fool story, is it not?

  12. Nye Bevans' rebel soldier on

    Hertz have been totally dominant in the first

     

    half and should be more than a goal in front.

     

     

    The black’n’tan have the sheep on offer at 8-1,

     

    if you watched the first half, you would need to

     

    be a mug to back them………….I’ve stuck a fiver

     

    on them.

  13. Considering all the money pumped into the English game, the hertz/sheep game has been better entertainment than they’ve had to offer of late.

  14. Dallas@6.08

     

    I thought it as just me. Furthermore there was a cutback for a Hertz player to shoot, much like the Rogic goal, but true to form no mention of it.

     

    Hurtin, hurtin Huns. What’s not to like.

     

    HH

  15. CultsBhoy can not relate to Celtic Board ambitions on or off the park on

    Long time since I’ve seen a team so bullied at professional level. Aberdeen players being severely sorted out by Hearts. Adam Rooney showed a wee bit of cojones ( should have walked imo)

     

     

    hearts will win this by at least 2 goals

  16. ‘EFE AMBROSE has admitted he is unaware of any interest in him from Chinese club Shanghai SIPG’………….

     

    I will just type that again eh!

     

    ‘EFE AMBROSE has admitted he is unaware of any interest in him from Chinese club Shanghai SIPG’. – See more at: http://www.celticquicknews.co.uk/ambrose-in-the-dark/#sthash.aV3EqQ4T.dpuf

     

     

    Really??? This non story attributed to ‘By CQN Magazine on 9th January 2016’……….

     

     

    Maybe he has also ‘ADMITTED’ that (yes, that) he is NOT a fluent speaker of Mandarin either, or also “ADMITTED’ that he did not go to school with Bible John!!!!!!!

     

    What a pathetic non-story……

     

    CQNEWS OF THE WORLD……..

     

     

    Regards & Hail Hail

     

    TBM

  17. Book club…………………..

     

     

    Any troops after a topical,…………………… very good and comprehensive perspective on The Irish Revolution and Rising 1913 – 1923

     

    might consider Diarmid Ferriters – A Nation and not a rabble.

     

     

     

    GoodOul’Santy CSC

  18. Dallas Dallas where the heck is Dallas on

    Gearoid, the commentator , I believe is a Dons fan, but every commentary he does he mentions about previous scorers against us or bad results we have had.

     

     

    He even mentioned the 1984 cup final which we lost on penalties despite us playing with ten men for well over an hour.

     

     

    Maybe I’m being paranoid about my paranoia.

  19. Cosy Corner Bhoy on

    Happy birthday to ACGR and CORKCELT. It appears ACGR’s son has his birthday on a famous date!! January not July! Anyway,just spoken this pm to a friend of mine who took his 3 year old grandaughter or mebbe great etc., to Celtic v Hearts,bought the whole caboodle in the shop,got to the gate and was told he would have to go to TO and buy her a tkt as she must have a seat of her own! Holy shit,Batman, the park was at most just over two thirds full. Needless to say she fell asleep early doors and was on his lap from then!! New definition of PLC – Pish Laden Crap. The tkt cost £17!!

  20. jude2005 is Neil Lennon \o/ on 9th January 2016 4:35 pm

     

    Gordon

     

     

    Was it not Uspest Doza or sumdae like that??/ lol

     

    *The Hungarians were a very good side; we played them away in a televised game early March 1972 in the EC, the Liz Taylor/Richard Burton game, and beat them 2-1. With Dixie injured, pity he made the subs bench in the next round (((((, the Big Mhan went 442 with his 2 greyhounds the Buzz Bomb and Skip tae ma Lou as his front two.

     

     

    At 1-1 late in the game this was a good score for the Bhoys, but it got better 5 minutes fae time when the wee ice cream mhan scored the winner.

     

     

    They had just returned after their winter break which would prove beneficial tae us in that round.

     

     

    2 days prior to the return match I was up at Kilbowie for a hastily arranged friendly against the widow twankies in an effort tae get the injured Jinky match fit. Stand out for me that night was a young Pat McCluskey.

     

     

    So that night a sell out crowd meant that me and my Carolinas ended up in the old enclosure. As the teams were read out a huge sigh of relief could be heard, the Wee Mhan was on the bench.

     

     

    2 weeks further intae their season and Ujpest showed how good they really were, they took an early lead and were a constant threat throughout that first half. We were still ahead on away goals but it was a nervous crowd as the 2nd half kicked off.

     

     

    Shortly intae the half Jim Brogan went down. On comes wee Neilly and Bob Rooney, then a wave tae the bench. The Wee Mhan is now out and running up and down the track.

     

     

    That’s when it started, “we’ve got Jimmy Jimmy Jimmy Jimmy Johnstone on the wing on the wing”, a huge crescendo that carried all around the ground. And when he stepped onto the hallowed turf the huge roar that went up could have been heard down in the land that time forgot.

     

     

    Minutes later wee skip tae runs ontae a magnificent through ball fae the tartan Beckenbauer. It’s all square, nae pun intended, and we’re through tae the semis.

     

     

    Walking out of the ground I said tae my mates that I widnae like tae get them in the early rounds before their winter break.

     

     

    Lo and behold, 7 months later and we’re drawn against them again, only this time the 1st game is at Parkheid. After going one down again, to a goal just before half time a King Kenny brace sees us 2-1 winners.

     

     

    2 weeks later and the game was over by half time. This game was also supposed tae be televised but a malfunction, no not of 7-1 proportions, caused us to miss it. Just as well tae as a shell shocked Joe McBride in the studio listened as the scores were relayed to him.

     

     

    They proved that they were a really good pre winter break side going out tae Juve in the quarters on away goals.

  21. Superb stuff from Jim Spence.

     

    Jim Spence þ@JimSpenceSport 25m25 minutes ago

     

    Day six of the new me. No drink/Crisps/Sweets for a month. Feel like I’ve been liquidated. Just call me Jimco

     

     

    H.E. Pennypacker @HEPennypacker01 @aGersince84 @JimSpenceSport not sure. How’s Dundee Utd getting on these days anyway?

     

    Jim Spence þ@JimSpenceSport · 52s53 seconds ago

     

    Jim Spence Retweeted H.E. Pennypacker

     

    Och just the usual, you know, paying the bills and that kind of thing

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