I winced slightly reading that Deliotte’s suggested Celtic were a ‘top 40’ club in terms of turnover. The days we featured in their annual Top 20 report are long gone, lost in the raft of TV deals which flooded into England, France and elsewhere.
This is a problem for Celtic but at least we have a decent shot at Champions League income each year. Others in Scottish football have been left to wither on the vine (phrase of the week), as the likes of AFC Bournemouth cherry-pick their talent.
Celtic need a solution to help them compete with their peer-group of European heavy-weights but the solution has to accommodate the other top Premiership clubs. Dundee United have the ability to produce remarkable talent, if only they had the TV deal to allow them to retain it long enough to build a team. The same could be said for Hibs, Hearts, Aberdeen, Motherwell, Inverness and Ross County.
Scottish football would benefit enormously by federating with a neighbour.
You would think after administration and liquidation those who look to Ibrox for their football fix would, to adopt a popular phrase around those parts, have suffered enough from financial ‘ambition’. Not a bit of it, it seems. Not when the spectre of “being battered” by Celtic looms like an enormous green and white tidal wave.
For the last 12 years of its existence, Dave King was one of the non-executive directors of Rangers, paid to ensure that financial controls and risk management [role of non-execs defined by government 2003 Higgs Report]were in place. I am not being glib or shameless when I say he did a remarkable job.
With Newco appearing to be in some financial distress, King told the Daily Mail he opposes planned cutbacks: ‘If we cut the club back to a level that’s just enough to win the League One or the Championship then that’s fine. But the gap between ourselves and Celtic when we get to the Premiership will be obvious.
“But I don’t feel the club should respond by cutting the costs to the point of saying ‘we only have to do what is necessary to beat East Fife or whoever.
“Because if you do that Celtic will build up to 10-in-a-row and we could be so far behind them that even when we are back in the Premiership we are not in a position to catch up.
“We cannot risk going to Celtic Park and being battered 6-0.”
Those trying to keep Newco Rangers afloat will not welcome suggestions that current shareholders don’t have the “appetite or willingness to invest”, a few months before they will ask fans to buy season tickets.
Learn your lesson, there is no shame in losing 6-0 to Celtic, this is sport, bad results can happen, but there is enormous shame in failing to live within your means.
I’m off to contemplate 10-in-a-row for a while. To hyphenate or not?
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THE TOKEN TIM
That was excusable-getting mixed up wi wee Frankie and big Roy,not so much!
Hangs head in shame…
Final question !
Question 8
What clubs did we sign the following from (1 point for each and a bonus of 2 points if you get all 5 correct ) ? :
Joos Valgaeren
Andy Thom
Danny Fox
Javier Sanchez Broto
Lubo
Stockbrigde leaves Sevco by ‘mutual consent’.
I doubt there was anything mutual or consensual involved.
He was well and truly shafted.
Incidentally
Paul Wilson
frank McGArvey & Davie Provan
George MCLuskey
BMCUWP’s
Sent u a wee text for ramorra..
Good luck
Good night
HH PC67
Roda
Hertha Berlin
Coventry
Livingston
Duesberg
Roda
Hertha berlin
Burnley
Livy
Darmstadt
Answers Q7
a) Paul Wilson scores against the Greek club, Olympiakos in 1975.
b) Frank McGarvey scores Celtic’s 4th goal in a 6-0 victory over Diosgyor Miskolc (Hungary) in the ECWC. Davie Provan in the background.
c) George McCluskey after scoring against Real Madrid in the European Cup in March 1980.
Cowiebhoy cheers.
Final question !
Question 8
What clubs did we sign the following from (1 point for each and a bonus of 2 points if you get all 5 correct ) ? :
Joos Valgaeren Den Haag
Andy Thom Dinamo Berlin
Danny Fox Coventry
Javier Sanchez Broto Livingston
Lubo Duisburg
Well I guessed Wilson and McCluskey but too slow and now my battery is deid. Thanks to BCW, now my wife know s that the team that plays in Reykjavik is called Valu r.
I was at Dundee vs Celtic many years ago, Paul Wilson had a great game and one of.the denizens of the Celtic support shouted ‘Paul Wilson – the black Pele!’ Fond memories!
BMCUW
Canny wait bud. Have been to Cheltenham races, but never made The Gold Cup.
Damn you Bobby!!!
Cannae believe I got Squiggles mixed up wi Big Shirley
RodA
Bertha Berlin
Coventry
Dundee
Duisberg
Well, I’ve got streaky bacon, FRESH, repeat, FRESH,, farm eggs with skwerr sausage for brekkie in the morning. A choice of tomato ketchup of HP broon sauce. Oops, meant to mention, HP baked beans as an extra. Howzat. :-))
Weefra HH supporting Wee Oscar.
BURGHBHOY
You and me both,mate!
Big riddy…
Jude
Naw, brought back a few slabs of Kendal mintcake for the weans.
Burghbhoy
He looks very similar to Big Roy in the photo…….I think there is an oft printed photo of Aitken striking the ball like that too.
Nah not having that Bobby, that was nothing like the Bear……Ya numpty
:-)
Livibhoy
I cannot remember a goalie coming through the ranks and establishing himself as 1st choice for any length of time.
Knowing at wee bit about young goalies coming through in Scotland it is pathetic the lack of opportunity at Celtic. It’s hard to believe that young goalies come from all over the world to Lennoxtown for trials but Scottish bhoys don’t get that chance.
The goalie scouts are also poor as from personal experience my Bhoy was told at 15 he wasn’t tall enough. No arguments to the contrary would convince he would get tall enough. He is now 6’3″.
He got a bad leg break at 15 when he was attracting interest and that set him back. But he did ok and has a
17 ‘s Scottish cup medal. Played for Scottish Youth 17’s team against England and Wales, and Pro Youth with QOS and Queens Park. His first game for QP was against Deidco at Murray park and he kept a clean sheet.
I reckon Stevie Woods is probably the best goalie coach in the business. Look at the job he’s done with FF, but our bhoys just don’t get a chance.
We have a young goalie on loan from down south: surely in the whole of Scotland we have a goalie capable of playing for the 20’s
I hope this has helped and I appreciate you clocking this
FC Emmen Bayer Leverkusen Coventry City Livingston Duisburg
WEEFRATHETIM
Thank The Lord you didnae post that at the top of a page.
A lot of us would be round at yer door in the morning!
Hope it chokes ye,haha…
Boaby
Aye, you and a few others. Hahaha.
Weefra HH supporting Wee Oscar.
DenHaag, Dinamo Berlin, Coventry, Livie, Duisburg
Bumcuw
Noticed in an earlier post your Britishness.
Give us a wee rendition of Rule Britania
THE TOKEN TIM
I know,mate. And the thing is,it was a cert IMO,no question!
Of course,they were both playing at a time that I was discovering alcohol…
BCW
When is the wooden spoon presentation ? CQTen?
Does anyone like The Saw Doctors?
BILLY BHOY 05
Come now,old bean.
That was in ref to my niece’s plans to use her joint UK/Australian Nationality,and in a reply to TOM congratulating him on his forthcoming Australian passport.
Don’t get all fired up on semantics.
Boaby
I’m hoping Summa disn’ae read that breakfast thing or I’ll get dogs abuse from him. :-))
Weefra HH supporting Wee Oscar.
Tonight’s winner is BMCUW with 29 points. Well done Bobby !!!!
Burghbhoy – 21
Delaneys Dunky – 17
Token Tim – 24
Eddie in Kirkmichael – 20
Jeg er Neil Lennon-Greeninbingley – 13
Thanks for participating guys. Hope you enjoyed the quiz :-)
EMUSANORPHAN
Aye,bud.
Saw them a coupla times in foreign. Back in the early 90s.
Great stuff….
emus
Okay i’ll bite.
Aye.
BIG CUP WINNERS
I should stay off the bevvy more often!
Thanks for your efforts,mate. Thoroughly enjoyed that.
Courtesy of AOL
Shutterstock / Maridav
Bankruptcy is a pretty dire prospect – but may sound quite attractive when you trawl through the multitude of bankruptcy help websites. All your debts written off! Who’d say no to that?
However, you should think very carefully before going down that route. Bankruptcy should always be a last resort. It could have serious and sometimes unexpected implications. What does life as a bankrupt, and after bankruptcy, look like?
Debt Advice
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Your guide to bankruptcy
The famous faces of bankruptcy
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The cities that have gone bankrupt
You could easily lose your home and car, wave good-bye to your bank account and credit cards and become persona non grata with banks and other lenders. There is a risk of losing your job or being debarred from applying for other jobs, as some professions don’t employ bankrupts.
How to go bankrupt
You can apply for personal bankruptcy – a court order – if you are unable to pay your debts. Bankruptcy usually lasts 12 months, and when you are discharged you will usually emerge debt-free. But certain debts cannot be written off, for example court fines, benefit overpayments and student loans.
You apply for bankruptcy through your local county court. An officer of the court called an Official Receiver then takes control of your money and property and deals with your creditors on your behalf. You need to inform your Official Receiver of any changes to your circumstances – any changes to your income or benefits, or if you move house or have a baby.
You may be broke, but filing for bankruptcy is not free. In England and Wales there is a fee of £700 (£175 goes to the court and £525 to the Official Receiver). If you are on a low income or receive benefits you might escape the court fee, but not the Official Receiver’s fee.
Pros
If you have a lot of debts and no way of repaying them, are constantly being harassed by debt collectors and feel like you are losing control, bankruptcy might be the best option. You can draw a line under all that mess and make a fresh start. You won’t have to deal with your creditors any more and you are allowed to keep things like household goods and a reasonable amount to live on.
Cons, or life as a bankrupt
Losing control of your finances and possibly your home are the worst impacts.
All available assets will be sold to your creditors to pay back your debts, except those required for a basic standard of living and any items needed for your work, for example tools, books or a vehicle. If you own your home it might well have to be sold, along with your car (if deemed non-essential) and any luxury items.
The StepChange Debt Charity says it is sometimes possible to keep your home by selling a share of the property to a friend or family member and paying the equity from the sale into your bankruptcy.
Also, if your property is in negative equity (i.e. if your mortgage is greater than the value of the property) you might get to keep your home.
If you are renting, your landlord may be able to kick you out as some tenancy agreements don’t allow you to stay in the property if you go bankrupt.
Your bank account will be frozen and you must hand over your bank cards, cheque books and credit cards to the Official Receiver, so make sure you have enough cash to live on before you file for bankruptcy. It’s up to your bank if they allow you to continue using your accounts. You could also lose part or your entire pension if it is in a scheme that hasn’t been approved by HM Revenue and Customs.
You will have to follow certain rules called the ‘bankruptcy restrictions’ and it’s a criminal offence to break them. For example, you can’t borrow more than £500 without telling the lender you’re bankrupt.
Any spare income will go to your creditors. You will have to make monthly payments for up to three years if you can afford it and the money raised from the sale of your assets doesn’t pay your debts.
Bankruptcy remains on your credit file for six years, which means you will find it hard to borrow money during that time.
What’s worse, you could end up losing your job or damage your future career prospects. While you are bankrupt, you can’t act as a company director. The armed forces and the police don’t employ bankrupts. You can’t be a postman handling mail that may contain cheques. There are also restrictions on bankrupts in the legal and accountancy professions.
Going bankrupt can also affect your immigration status. The UK Border Agency advises that an application for British citizenship is unlikely to succeed if you are an undischarged bankrupt.
Then there’s the public embarrassment of your name and details being published in the ‘Individual Insolvency Register,’ and your bankruptcy being listed in the local paper.
If you have your own business the Official Receiver will probably close it down, sack your employees and sell off the assets.
Other impacts: bank account and credit card
If your bank account is overdrawn this will be written off, like other debts, but you won’t be able to use the account and it may be shut down. However you will be able to open a basic bank account after your bankruptcy. You should speak to your bank about the possibility of keeping the account you have.
It will take years to rebuild your credit rating and getting a credit card is an important step. How soon you can get a new credit card depends on the card issuing company. They may lumber you with punitive terms and conditions – very limited credit, high fees and interest rates.
You could apply for a secured credit card, which is secured against a savings account. If you don’t pay your bills on time the credit card company will use the money in the savings account to cover them. A pre-paid credit card is another option. It means you will pay the card issuing company a sum of money in advance and you can use your credit card for up to that amount. This is a good way of keeping tabs on your spending.
Involuntary bankruptcy
Any creditor who is owed £750 or more can apply to have you declared bankrupt. But they can only start bankruptcy proceedings if a county court judgment has already been made against you and court bailiffs have been sent to seize your assets, unsuccessfully.
Creditors must issue a “statutory demand” – a written demand for payment – and give you 21 days’ notice, which gives you some time to come up with an acceptable repayment schedule.
If you receive a statutory demand for payment and struggle to repay your debts, you should consider an individual voluntary arrangement (IVA) rather than be forced into bankruptcy.
What is an IVA?
An IVA is a form of insolvency, like bankruptcy. It is a legally binding agreement with your creditors that allows you to pay off your debts through small affordable instalments every month. Consumer group Which? says it is only suitable for those who have a stable income and unsecured debt of at least £15,000.
You can’t apply for an IVA yourself. A qualified insolvency practitioner will draw up a repayment schedule for you. An IVA usually lasts three to five years, from which you will emerge debt-free.
Pros
Unlike with bankruptcy, you won’t lose your possessions. Once an IVA is in place, your creditors won’t be able to chase you any more and the repayments are set at an affordable amount. At the end of the IVA any outstanding debts will be written off.
Cons
It takes much longer than bankruptcy, and insolvency practitioners’ fees can be expensive. As with bankruptcy, the agreement stays on your credit file for six years. And if you can’t keep up the payments agreed under the IVA, your creditors could start bankruptcy proceedings against you.
More information
Citizens Advice has a more detailed guide on bankruptcy.
The StepChange Debt Charity provides free and detailed online debt advice.
Here’s the government’s guidance on bankruptcy.
The Money Advice Service has more information about debt management
Free debt advice contacts are listed here.
The famous faces of bankruptcy
LAUNCH GALLERY
Och Bollox!
Eff you Boaby Ya auld bassa
;-)
Well done Bobby M, thank you BCW. Enjoyed that. Did ok for a quiz virgin. :)
THE TOKEN TIM
I accept your gracious congratulations,young fella!