Can you believe these Duff and Phelps people? They can’t afford to pay Rangers taxes, or other SPL clubs monies due, but today they tried to increase their payroll today by asking the SPL to register Daniel Cousin. Can you imagine what the out-of-pocket creditors feel about this?
These people are in place to make sure the company trades long enough to repay creditors. They can trade perfectly well with the three dozen or so players they have, what kind of justification could they possibly give to the court for playing Football Manager with other people’s money? No wonder HM Revenue and Customs fought their appointment.
What an absolute shower. It’s almost as though that place is some kind of lightning rod for a special type of competency. It’s not your money you’re spending, pay the club’s bills and stop looking for football bling, that’s what got the last lot into trouble in the first place!
Fancy writing something for CQN Magazine? Drop me an email and let me know what you would like to write about before you get started, just in case someone else has the same angle covered: celticquicknews@gmail.com.
There has been some incredible action today on the eBay action for the signed Celtic top in aid of the Vanessa Riddle Appeal. I’m stunned, check out the link below. You are pushing the reputation of supporters of Celtic Football Club ever higher.
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Che 9.25
Just read your heart rending post re hundreds and thousands. what you must understand is that Timdom has gone through millions of hundreds and thousands this week and the factories just can’t keep up. You may have to resort to a milk flake, or some of that raspberry sauce.
Sorry to break it to you so brutally but it’s just as well that you know the facts.
Trevor birch. Portsmouth administrator just stated that there’s a high percentage of championship clubs with wages more than 100% of their turnover.
A bubble is going to burst very soon.
“But where’s all the Ticketus money?!!!”.
We welcome the paperchase…
ItaliaBhoy says: 18 February, 2012 at 09:20
Can’t add much to what you say, their only hope is to be financially ‘crippled’, but in Scotland terms that would still make them probably the 2nd biggest team, only the 2nd biggest who is closer to the 10th biggest than the 1st. Their best situation is that this crippling would last for at around 15-20 years, presuming repayment at around £10million per year (adjusting upwards annually for inflation).
Assuming current version of Rangers survives, the questions are?
1) How long has non-payment of dues been going on for? (not just HMRC but all other creditors)
2) Presuming the total debt is around £120 million (after BTC), the peak debt figure will still rise due to Ticketus rights for seasons tickets, for four seasons Rangers will have to get into more debt, and given Rangers financial security is on the precipice now, and the looming spectre of liquidation is seen as a viable option, who would lend Rangers money to cover Ticketus losses and at what price?
3) The ever ongoing saga of seeing Celtic win league after league and Rangers losing regularly at home will at some point turn off their fans, this process may take 5 years, it’ll more likely take only two or three transfer windows. What happens to the business plan when ticket sales drop? (possibly not a factor next season but is likely going forward)
With spiralling debts, would suggest that if the debt is at £120 million now, within 2 years that figure would likely be closer to £180-190 million (reducing income and higher interest rates on new and existing loans), their only realistic option is surely liquidation and probably very soon.
CQN Coupn update –
Rooftops – Stoke
EN – Torquay
TTT – Norwich
Jobo – Dundee Utd
Lennybhoy – Cardiff
BT – Leeds
GL2 –
PF –
Jobo
Glen
thanks for that mate, fortunately my father in law brought a load down,
without putting too fine a point on it, he has no need for them just now.
Hebcelt,
Cheers mate, looking forward to it. Saving up my brownie points for a trip. Lots to celebrate. Young Danny’s new video has gone viral. (click on my name). His brothers’ new single will be backing music for SPL goals on Soccer AM this morning. My big sis has had to buy a new freezer for all the ice cream ;-)
Hail Hail.
Lubo.
Lubo.. 10.06
Excellent article.. Thanks…
“…There’s a whole lot of people in trouble tonight from the disease of conceit
Whole lot of people seeing double tonight from the disease of conceit
Give you delusions of grandeur and evil eye
Give you the idea that you’re too good to die
Then they bury you from your head to your feet
From the Disease of Conceit…””
DylanCSC
If the sh*t hit the fan this week, just wait until the Big Tax Case ‘result’ arrives…..!!!……….and correct me if I’m wrong, but this latest takeover bid is being led by a chappie who was in the ‘cockpit’ when the level of ‘chaotic financial management’ was being discussed at every Board Meeting…….why didn’t he / they do something about it then ?……….I’ll tell you why …….because it was a ‘runaway train’……….and it’s just about to come to one helluva HALT, and the ‘pillers’ will come tumbling down ……….any other outcome promoted (pardon the pun) by any spin doctor is just not going to happen…….this is ‘cut and dry’, and THEY know it…….that’s why the SFA etc have started the big ‘act cleanup’……..STRABERRIES & CREAM anyone…..?????
Did I hear right yesterday that Milan Madaric was interested? Ideal club for Madaric but not sure their traditional sticklers would want an owner with his ‘background’.
I think the modern LOL should be inserted here
Desperation?
From FF:
“Anyone else receive a phone call from Rangers
My mate got a phone call from Rangers asking him if he would be willing to give up his season ticket for today and the would take 12 quid of his season ticket …NEXT season ?”
Are we actually heading for 13 in a row this season ?
Will we be able to claim back our lost CL money ?
How long will the sentences be for Googly and Minty ?
JCGE
HH
I’m stuffed!
and it’s not Jelly & Ice cream
Great post, ItaliaBhoy, bringing the big questions back into focus. I’m not sure if any of the big questions have been answered this week, although it’s been a lot of fun.
Good luck to Shane O’Doirebhoy and his wife-to-be. May they have health and happiness and the blessing of God throughout a long married life.
Good Happy Administration Morning CQN!
Big Nan @07:24
How’s it going?
Yes we too on the Socialist Republic are suffering from Seasonally Adjusted Delight.
I’m meeting people in the street and can threadbarely say hello before bursting out laughing!
btw if you meet any huns for God’s sake DON’T MENTION JELLY!
:-)
HH
This has probally been highlighted before but here goes.I know the title could be ours before the split but what if we are sitting 14 points as per present time,when are the SPHell going to schedule the hun match.The other thing is we could be going to Ipox on the 25th of march needing not to get beat to win it.
TimJim says:
18 February, 2012 at 10:31
Will the game on the 25th March go ahead and I am serious when I post this
Keep the Faith!
Hail Hail!
What a fortunate rotund little mason is Fat Sally.
He is currrently being deified by the media for his steadfastness instead of being vilified as the shoite manager he is!
The more things change…
Can you imagine our manager receiving similar treatment if our club was in the last throes of life?
Rhetorical question!
4-0 tomorrow!
HH
Lennybhoy
I know there is a lot of ifs & buts I would love if they are out the game by then but they most probally will be hanging on.
TimJim- Rangers will need to fall 5 points further behind prior to the game at Ibrox for the possibility of winning the SPL there. 1 draw and 1 defeat- if we win all our games, that’s a big IF.
I take it the phrase your talking Craig Whyte is now a full part of the Glasgow dialect #Justsayinglike
Thinking back to the early days of “Not the View”, there was a scribe who made me laugh with his Hunnites and Timmites stories. He most probably is a member of the CQN family. I would love it if he could, up to the present day, update the stories, Rangers( in administration) Anno Domini.
Interesting piece in todays Independent,
David Attenborough the world renowned natural history film maker has thrown his tuppence into the great financial fiasco
“I dont know anything about Mr Whyte or his finances, but from an natural history perspective you have to give credit to anyone who can get a 1000lb gorilla and an octopus in the same room, a truly remarkable achievement”
goldstar10
Lets hope they start today remember their star man(Sallys cousin)is no playing.Never thought I would say it Come on Killie
Same story different paper trying to belittle any future Celtic success by innuendo.
Neil Lennon adamant circumstances will not cheapen Celtic’s success
A TAINTED title?
Graeme Macpherson, The Herald
Don’t get Neil Lennon started. Celtic may have made it quite clear they no longer wish they and Rangers to be viewed as some kind of inseparable entity, but, given the events of the past week, it was inevitable that Lennon would spent a large chunk of his weekly media briefing yesterday talking about the club from across town. As usual, the Celtic manager was unequivocal in his views.
Rangers’ fall from grace and into administration benefits Celtic in several ways, most notably the immediate stretching of their lead at the top of the Clydesdale Bank Premier League from four to 14 points. In a flash this “10-point bonus”, as Lennon described it, effectively bestowed upon Celtic their first championship in four years, not that their manager sees it that way. Lennon, in fact, could not have further emphasised the point that nothing has been won yet, lest his players view it as a job already done and get the cigars out.
But should the near inevitable come to pass and Celtic be crowned champions, then Lennon might have a few things to get off his chest. He certainly set the tone for what might follow further down the line when asked whether anything less than a 10-point winning margin might constitute a tainted title or some kind of moral victory for Rangers.
Lennon, in fact, cares not one jot what the winning margin ends up being, revealing that he would party “like it’s 1999” if Celtic were to scrape the championship by a solitary point or even goal difference. The Prince reference was maybe not ideal – Rangers won the treble that year – but the point was clear regardless. Lennon and this group of Celtic players do not need to prove anything to anybody.
“I don’t think you can overshadow what we’ve done,” he said. “When Rangers went into administration we were four points clear. It might have been different if they had done so when they were 15 points ahead. But they didn’t. So if we win the title it won’t be overshadowed by what’s happened this week. If we win the title by a point it means we will have lost a lot of games between now and the end of the season. That is not our intention.
“But if we win it by a point, or even on goal difference, I’ll celebrate like it’s 1999. We’ve waited a long time for a championship win. If we do win it and people want to throw [talk of a tainted title] at me, I will have plenty to say about devalued titles over the years.”
This was Lennon the manager referring to Lennon the player, who lost out on league titles to Rangers on the final days of the season is 2003 and 2005. The verdict on Rangers’ dispute with HMRC over the use of Employee Benefit Trusts (EBTs) – helpfully known as “the big tax case” – during Sir David Murray’s stewardship of the club is expected soon, and should the Ibrox club be found guilty then Lennon will have more to say on the matter.
“I don’t want to comment on it until all the results and all the findings are out,” he said. “But if it has had a direct effect on me in my playing days, I will come out and say something at that time. As it is now, it hasn’t been proved.
“They are in administration for a reason and I am sure you guys will get to the bottom of it. It’s not my business, not our club’s business, but it will be my business if it has affected me as a player or previous managers and has denied us titles and trophies in the past.”
There has been talk of Rangers, if guilty, being stripped of the honours they amassed during that period and Lennon drew comparisons with the sanctions handed out to drug cheats in other sports.
“A journalist used the expression ‘financial doping’,” he said. “For me, doping is a sporting term for cheating. In athletics, if you are caught doping you are banned. Alberto Contador was stripped of his Tour de France win in 2010, so there are precedents.”
Would stripping Rangers of their titles a decade on replace the sense of disappointment Lennon felt at the time? “It wouldn’t but it doesn’t mean to say we won’t be angry about it,” he said.
Then there is the thorny issue of the Old Firm; the brand, the rivalry, the duopoly. On that matter Lennon was divided. He supports the club’s stance that Celtic would not miss their great rivals in a commercial sense should Rangers go to the wall, but admits he would miss the Old Firm as a football spectacle.
“We don’t want to be tagged with the financial problems that have beset Rangers. We don’t have those problems. We’ve cut our cloth accordingly and we shouldn’t be tarred with the same brush. What we would all miss are the derbies. I think world football would miss that because it is one of the games. For me, it is the ultimate derby game and has been for quite a while.”
Lennon had little time for the people responsible for Rangers’ fiduciary mess but spared a thought for the difficulties being endured by Ally McCoist as manager of the Ibrox club. He said: “I have great sympathy for my counterpart, having to go through what he is going through at the minute when it has nothing to do with him. It’s his first season and I’m sure he could have never have envisaged the trouble he is going to get. And for the players, obviously. It’s a really tough time for a lot of people at the club but, while I have sympathy for them, I have no sympathy for a lot of other people involved.”
Are Paddy Power offering odds on the first battle hymn at brokesville today?
even money No surrender?
Out now in all good toy shops….The Rangers Board Game!
The unpredictable board game for all the family (2-8 players)
Each game contains: 300 cards in 5 different categories, I pre pack game board, 8 character game pieces, 1 die, a VAT return form (optional) and an invisible cheque for £24 million.
Just pick a character, roll the dice and move your player around the game board. As you land on different coloured spaces you’ll have to complete cards from five zany categories. As the game progresses, crazy things start to happen and when the dust settles, the laughing finally stops and someone crawls away the winner, you’ll realize……you’ve never had this much fun playing a game in your life!
Categories:
EBT- Land on this square and its fun fun fun, collect at least a fiver from the player on your left, for every fiver he has, take a tenner from everyone else.
ADMIN-In this category you might have to restructure the rules of the game a little, confuse your opponents by distracting them while you move your piece onto a different space while bulging your eyes out and saying ‘Aye’ a lot.
VAT- Land here and you have two options, stick your fingers in your ears and shout ‘Lalalalalalallala’ till your next turn or alternatively, simply ignore these squares ;)
HMRC-You really want to avoid these squares, each time you land on one you have to insult your opponents by closing down a hospital or a school, don’t worry though it’s for the good of the overall game after all, any hassle just phone the first minister.
LIQUIDATION- Your almost there, land on liquidation and you have thirty seconds to locate the invisible £24 million and run for safety, however failure to locate the cheque and it’s the Big Hoose for you!
Each card carries a forfeit, failure to complete a round means you will have to complete hilarious tasks like mime a Manchester rioter being eaten by a police dog, marry your sister or boil an egg in a microwave.
Warning: Choking Hazard, this game contains small parts and not suitable for children under 3 years or Huns.
Let the media tell the dafties they have a great man in charge of their team, suits us.
They also told them Murray & Whyte were the right men for the job :O))))).
So Rangers killed Airdrie for a few thousand quid. They deserve everything they get and more.
Any chance that Whyte is actually an aggrieved Airdrie fan out for revenge?
Good morning
Barrach Obampot don’t need no stinkin’ Rangers says:
18 February, 2012 at 10:30
Good Happy Administration Morning CQN!
Big Nan @07:24
How’s it going?
Yes we too on the Socialist Republic are suffering from Seasonally Adjusted Delight.
I’m meeting people in the street and can threadbarely say hello before bursting out laughing!
btw if you meet any huns for God’s sake DON’T MENTION JELLY!……………..
………………………….
That is another symptom I should have mentioned I can’t get enough of the Jelly I am even playing Jelly Roll Morton (no blues numbers) with his snappy numbers such as Dr Jazz when the dancing/jigging bit kicks in ……………………sorry have to sign off I feel it coming on againnnnnnnnnn…
Kit
About time someone at Celtic commented on their tainted titles. Even better that it was Neil. They’ll be spitting nails.
BTW. Listened to Sally McMoist speak on the administradio yesterday. On of his comments re. the fans and willing them to turn up an support
“KEEP THE FAITH”
Obviously been involved with SCIAF for too long. :-))))
MWD
merseycelt loves Neil Lennon and the Green Brigade but despises the anti irish/catholic bigotry inherent within the organisations who constitute the scottish establishment says:
18 February, 2012 at 10:36
What a fortunate rotund little mason is Fat Sally.
He is currrently being deified by the media for his steadfastness instead of being vilified as the shoite manager he is!
The more things change…
Can you imagine our manager receiving similar treatment if our club was in the last throes of life?
Rhetorical question!
4-0 tomorrow!
HH
Morning…
Been saying the same myself but i think its a good thing.
Having been 15pts ahead to then trail by 4pts would have most managers sacked, also with TFPLG cup record, im surprised hes still there.
The stats don’t lie sally is hopeless, but with the 10pt off, they now all feel sorry for him.
Also they are actually praising him for how he’s handling things!!!
I just hope those admin guy’s dont get rid of him because the longer sally’s there the better for us.
If the admin guy’s want to sack someone can i suggest…that horrible wee guy with the BLACK hair he’s total scum!!
LET THE PEOPLE SING!!
merseycelt loves Neil Lennon and the Green Brigade but despises the anti irish/catholic bigotry inherent within the organisations who constitute the scottish establishment says:
vvvvvvvvvvvvvvvvvv
Rhetorical question? What’s the point? ;)))
Drag in Celtic again, apply a wee smear of innuendo.
SATURDAY 18 FEBRUARY 2012
As Rangers’ crisis deepens, players and fans can rest assured they have a steadfast presence in Ally McCoist
THE wee boy who was lifted over the Ibrox turnstiles in the 1960s to watch his favourites grew into the cheeky chappy who became a hero with his prodigious goal-scoring.
Hugh MacDonald The Herald
Now, some seven months short of his 50th birthday, Alistair Murdoch McCoist faces the trial of his professional life. He is, like the motto of the club, ready.
“I can’t sit here and say I know what road we will go down or what we will do,” he said at Murray Park yesterday. “But again it’s important that the Rangers fans know that there’s somebody there who will do their damnedest for them.
“A lot of them are disillusioned and shattered. I saw boys in tears outside Ibrox. I know the responsibility I have. Effectively, I’m representing them. I’ve always represented them as manager of the club, but I’m fully aware what is expected of me as a football manager to help the fans through this situation.”
It is perfectly reasonable to question McCoist’s record as a football manager and to wonder, for example, what he saw in Juanma Ortiz. It is, though, difficult to resist the conclusion that he is the best manager the club could hope for in the present crisis. He may be the most viable asset in a time of bad debt.
Intelligent and articulate, he spoke sombrely of the crisis surrounding Ibrox, carefully and properly avoiding more emotive terms. “Our football club has been through disasters. Absolute disasters –1902, 1961 and 1971, when people have lost their lives. Those are absolute disasters. This is a really low time for the club but I am loath to say it is a disaster because, thankfully, no one has lost their lives.”
He also spoke of the “staggering” news of administration and the realisation that his taxes and those of other employees had been used to run the club. Craig Whyte, the owner, was dealt with in a manner that suggests any vestige of a working relationship has become fatally compromised.
McCoist was at Tranent watching a Rangers XI playing Hibernian when he heard of the news of administration. “I don’t want to say the enormity of the whole thing only just hit me then,” he said. “I was aware beforehand just how big this whole thing is. But tipping into administration was staggering. We can all sit here and say the signs were there. The possibilities were there, it was always going to happen. But the moment it happens is gut-wrenching.”
But what of Whyte, who will be conspicuous by his absence when Rangers play Kilmarnock today? “I haven’t spoken to Craig since Monday.” said the Rangers manager.
He later added: “We must get answers. The Rangers supporters deserve answers. My feelings at this moment in time are of massive disappointment. Other than that, I’m trying to control my feelings because I don’t know.”
McCoist admitted he was “ignorant of what the outcome might be or of what has caused this scenario”. He added: “You could say it is mismanagement but you have to go into it in greater detail and discover where, why and when did this all occur? So, my overriding feeling is unbelievable disappointment and concern for the workforce at Rangers Football Club.”
He then showed nifty footwork by negotiating a minefield of questioning.
Did he feel duped? “No, my over-riding feelings are of disappointment but a gritty determination to get through it with everybody.”
How would he cope emotionally if given task of picking players for the axe? “That question hasn’t been put to me and I would rather not answer that until it is.”
But what about the possibility of Rangers dying and a “new” Rangers being born? “We’ll have to answer that question if and when it arrives and hopefully it won’t.”
Had he had any messages of support from Celtic? “I haven’t heard any.”
And what about Whyte’s absence from today’s match? “I’m told that will be the case. I have to be honest with you and say it’s not about the man who owns the club. It’s not about the manager. It’s not about any individuals within or involved with the club. It’s about the club collectively as a whole. That’s the most important thing.”
This touches on the central issue now facing Rangers. This is now a drama of survival and beyond. The opening act begins on the football pitch today at 3pm. “I hope it is the most highly-charged atmosphere I’ve ever known at Ibrox,” said McCoist of the visit of Kilmarnock. “I can speak for all of the players, coaches and management staff when I say we can’t wait for tomorrow. I really cannot wait for it. I firmly believe it is when you will see what the institution that is Rangers Football Club is all about.
“I’m told the game is going to be a sell-out. There’s not a ticket to be bought. There are some wonderful stories about people living abroad buying tickets and passing them on to family members or former neighbours in Scotland. As black a few days as we have had, I think Saturday will see the real Rangers start marching towards the light at the end of that tunnel.”
This was the legendary McCoist optimism shining through but it is not just fragile hope, it carries substance, too. There is a void at Rangers beyond any financial black hole and someone must step in to provide leadership.
McCoist was asked if Whyte could possibly continue as a figurehead. “I can’t really answer that. You would have to ask Craig Whyte that. I don’t know enough of what’s going on with the administration and the running of the club. That’s not a cop out. It’s a fact,” said the Rangers manager.
In the absence of the owner, Rangers need both a personality to gather around as the storm rages and then someone with financial muscle to take the club over. McCoist fits the first job description perfectly. Auditions for the second role will surely start soon.
The Rangers manager is aware of his duty. “It’s a professional and personal obligation I feel I’ve got. It’s quite unbelievable what’s happening at the club. I am 100% aware of my responsibilities to this club right now. This is the most important thing in my life at the moment,” he said.
And of that first visit to Ibrox? “It was in the 1960s, a game against Falkirk and I got lifted over the turnstile. That’s where it started going wrong,” said McCoist, leaving his press audience with a smile.
The serious business will continue with an agenda that can not be predicted accurately. McCoist has to provide both purpose and certainty while remaining powerless in the face of financial forces. The manager said he is ready for anything. He may have to be.
I had a long talk with an old hun friend of mine last night over a jar or two. I call him a hun because he is a hun and always has been. He calls me a mhank but only on those occasions when I really wind him up . He has however never displayed any of the bigotry or the WATP traits that we have come to expect from the mainstream govanites, not in my presence and nor do I believe he would either pitch side or in private. Whilst I suspect he may have rolled up a trouser leg or fondled a goat or two or whatever it is they do in darkened rooms he is nevertheless a decent guy. I know its difficult to believe but there are the odd one or two decent Huns about.
He is however hurting somewhat at present. Sure I`ve been ripping the proverbial out of him for the past few days but I also genuinely feel his pain – must be my masochistic tendencies.
He is worried, very worried and he is angry. Not at us I might add but at the custodians of his club and their friends in the media who have kept them in the dark. “You`ve been going on about this for years but I just put it down to your normal paranoia and attempts to wind me up”, says he. “Ack well it all be over soon one way or another soon “, says me whilst asking if he wanted another Guinness or a Crabbies. “Suppose you`ll be getting some more jelly and ice cream instead of a pint ya mhank “, he mumbles . “Nah I wait till the big party starts” I reply and then ask him if he would be going to the game tomorrow as it might be the last. “Nah2 says he , “it will be full of muppets and the songbook will be out likely be out in force”.
Yes he is a hurting hun but he is a decent bloke might even try to convert him after the implosion.
It will be interesting to see how the ref(who ever it is) handles the Rangers game today. He must be under
huge pressure for this one, not to ruin their party.(jelly and ice cream anyone) I think the Killie players may be up for this
and depending on the impartiality of the ref may have a chance. Anyway the pattern for Rangers since before Christmas has been
just when you think things cant get any worse………. We may need to slip a Killie pie on to the party susan for tonight.
He He. (hope you all know what a party susan is? or was that just a name my ma called it)
monthehoops