Spectre of Celtic and wincing at financial realities

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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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  1. Stringer Bell

     

     

    Ah! The old days when writing a letter to/ an article for NTV meant bashing it out on an old typewriter (with no auto spellchecker).

     

     

    …………… and signed-of yours; disgruntled, in anguish or in abject horror at the current state of the (insert whatever your rant was – primarily the board)!

  2. How can P Murray or D King be involved if they are directors previously of a liquidated company within the last 5 years ?

  3. The olden days equivalent of CQN was the majordomo mailgroups. My unreliable memory thinks you could get updates as they happened or in batches.

     

     

    Run by a guy called Tont Weir I think.

     

     

    Hail hail

  4. I remember being invited into Celtic Park with other Pools agents, early 90’s I think. Chris Whyte showed us a model of their plans for redeveloping Celtic Park-prior to their Cambuslang fiasco-the main change was a cantilever stand to replace the Jungle.

     

     

    Didn’t believe a word he said…but still had hope in my heart.

     

     

    HH

  5. channelislandcelt4DAM5 on

    Stringer Bell

     

     

    Cheers for the NTV extracts. Puts our current ” troubles” firmly in perspective.

     

     

    HH

  6. Jobo

     

     

    The Old Timmites smite the Hunnites was one of the few articles to cheer you up back in those dark days!

  7. smoke and mirrors on

    yorkbhoy

     

     

    09:06 on 25 January, 2014

     

     

    Stringer Bell

     

     

    Thanks for the postings from NTV. As a regular home and away during that period it makes me understand why I am mostly a happy clapper. God knows what CQN would have been like I’d it existed then.

     

     

    Ah memories….I remember being at a reserve celtic v sevco game at CP and celebrating outside when news of a late equaliser came through from the main game at Ibrox

     

     

    Look where we are now….I think some of the malcontents on here would rather we were back there though……………………………

  8. Jamabhoy 9.37, your definition of the olden days involving majordomo mailgroups falls into my historical timeline as the ‘cutting edge of communications’. To me the olden days involves reading obituary columns, pathe news and Mrs McGlone – the street gossip. What an advance the invention of smoke signals proved to be!;-) Hail hail Estadio

  9. Ellboy - I am Neil Lennon, YNWA. on

    Seems from Lenny’s interview yesterday he missed out on his first choice striker.

     

    Hope to goodness Leigh Griffiths isn’t his second choice? Not good enough & not worthy of the shirt.

  10. “A false prophet with a false nose” copyright NTV

     

    Anyone remember who they were referring to?

     

    And it’s still as relevant today, as false prophets show up every 6 months.

  11. Estadio 9:45

     

     

    Looking back it was a great way to talk Celtic with people you would otherwise never met. I used to get the digest deliveredto my work email. Best parts of the working day. And the first thing I did when I got into work was catch up on last nights chat.

     

     

    KidsTodayGotItEasyCSC ;-)

  12. So looks like we won’t get our champions league quality striker his month. Will need to make do with a SPL quality finisher. Simple question then.

     

    Who would you have – Griffiths or Stevie May?

  13. Smoke

     

     

    Thanks for the postings from NTV. As a regular home and away during that period it makes me understand why I am mostly a happy clapper. God knows what CQN would have been like I’d it existed then.

     

     

    Ah memories….I remember being at a reserve celtic v sevco game at CP and celebrating outside when news of a late equaliser came through from the main game at Ibrox

     

     

    Look where we are now….I think some of the malcontents on here would rather we were back there though……………………………

     

     

    I remember the teams were lining up to start the second half and the band were still playing in the semi circle. Iain (?) Ferguson was going mental at the ref..

  14. Tony donnelly – I wouldn’t say hooper was a better player or finisher than may or Griffiths when he arrived at celtic.

     

    Jamabhoy – agree but looking very unlikely.

  15. Big Nan

     

     

    08:36 on 25 January, 2014

     

     

    Crikey.

     

     

    After a breakfast like that I’m not sure I’d be calling anyone lard arse.

  16. Maleys Bhoy,

     

    The fact that we haven’t formalised our approach for Griffiths, suggests we are waiting to see who else becomes available before we make our move.

     

    Personally I think Griffiths is a decent player, and I am fairly sure we looked at him when he left Livi.

     

    However, off the park he has a lot of baggage, and IMHO too much.

     

    I don’t like to see us sign players who are neds, but can play a bit, even if that means we loose out on the best.

     

     

    My focus would be on one of the guys who an EPL signed from a lower or foreign league for a large sum, who hasn’t settled and is looking to kick start his career.

     

    Slightly different circumstance, but that is how we get Sutton & Larsson.

     

    Big moves, hadn’t worked out, lost confidence, but needed to kick start career.

  17. I was being facetious my friend ;))

     

     

    maleys bhoy

     

     

    10:11 on 25 January, 2014

     

    Tony donnelly – I wouldn’t say hooper was a better player or finisher than may or Griffiths when he arrived at celtic.

     

    Jamabhoy – agree but looking very unlikely.

  18. 67Heaven ... I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors on

    gordon64

     

     

    19:36 on 24 January, 2014

     

     

    Off oot for a wee swim, but don’t tell KevJ……he’s ‘fishy’ enough…

  19. It doesent have to be a John Park signing all the time, our manager may like the looks of other players here, THAT , and this is just pure speculation on my part, could be a problem, then again it may not be, just a thought.

  20. 67Heaven ... I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors on

    gordon64

     

     

    19:36 on 24 January, 2014

     

     

    Hahahaha…..sorry about possible confusion of me sending the swimming post to you only …. Was meant to be a general one…….hahahaha

  21. Stockbridge’s pay-off provokes FFer to comment:

     

     

    “So the situational investors have cost the club money it can ill afford to lose.”

     

     

    While Sevcomedians’ Freedom of Information requests fall on deaf ears:

     

     

    “Those of us who have been following [Dafty]’s investigation into allegations of State Aid offered to Celtic FC by Glasgow Greater Council, will be aware of a common theme emerging – an apparent failure or reluctance by GCC to provide information relating to abnormal conditions on some of the sites surveyed.

     

    One is almost minded of the case of Erin Brockovich.”

     

    ——

     

    “Bit concerned about low posters wanting to be put in touch with [Dafty] as GCC have been trying to identify him for the last two months. So be wary not to divulge any details.”

     

    ——

     

    ” Class actions are required to be included in Scottish Law, however such a private and incestuous establishment protects it grip over the populace savagely.”

     

    ——

     

    “It’s the tax payers of Glasgow that are suffering because of this, the GCC selling land on the cheap, as schools are being closed down due to austerity measures, ( we ALL know of at least ONE school that has been closed down, since the GCC sold the land off to them for a pittance) police number being reduced?”

     

    ——

     

    ” I think the only way to break through this “wall of obfuscation” is to get a heavyweight on board, perhaps a political figure, perhaps a legal brain, high profile and not afraid to ask – and keep asking – until all the layers are peeled back and the rotten core is exposed.

     

    Very important that the club be distanced from this as we know how that will be twisted by Liewell and his acolytes.

     

    Needs to be driven by supporters seeking “clarification” (sic) in the name of “sporting integrity” (sic again)”

     

    ——

     

    “A lot of people seem to think that it’s other countries that are corrupt, but this country has to be the oldest and longest running bunch of self-interested crooks anywhere else in the world. Maybe thee are some other European countries equalling the corruption, although I can’t think off the top of my head which ones.

     

    What were all going to do when the supporters of the roman church get total and complete power is anyone’s guess.

     

    In an ideal world, a serious investigative journalist would see this story as a career-making opportunity and give it the full Woodward and Bernstein treatment.”

     

    ——

     

    “FFS, where are these documents kept, and how much would it cost to grease someones palm to get hold of them.

     

    Its what has been going on against us for the last cpl of years. (hmrc etc)

     

    We need to learn to fight dirty.”

     

    ——

     

    ” Perhaps a new angle is required here. They see these requests as attacks by Rangers fans, what if hey were re-structured as requests on health and safety grounds? In other words did the abnormal conditions pose a heath problem, and what actions have been taken if any to negate this problem for the future? You see it’s easy to stonewall requests from football fans, it may not be so easy if there was and still is a health risk to the citizens of Glasgow.”

     

    ——

     

    ” Hence the reference to Erin Brockovich…. ”

     

    ——

     

    “There is at least one MP looking into this.

     

    I think he is from N Ireland.”

     

    ——

     

    “We are fast becoming a satellite of the Vatican.”

  22. Tony….I know.

     

     

    my point is we should sign an out and out finisher…..someone that bangs in 20+ goals per season in a similar quality league and work on them. Not guys like bangura, balde and pukki (jury still out on the last 2).

     

    preferred option is to spend big on a top quality striker who has fallen out of favour like we did with Sutton. Would have liked to see defoe come to us.

     

    But we still have the problem about people not wanting to play in Scotland and wage demands.

  23. We are under no pressure to buy at this stage, so unless the deal for the right player can be sealed we have until the last 30 mins of the window “slamming shut” to weigh up our options on plans C, D and E and whom to bid for, if any.

     

     

    Not surprising to see Bangura totally written off, an unbelievably poor decision.