The BBC report that police in England detained four men in early morning raids in relation to an inquiry into the purchase of Rangers by Craig Whyte (not one of the four) from Sir David Murray. This one has been a slow burner so far and although this is a significant step, there are still many layers to be unpicked. It’s been three years since I heard of what was going on in the dying days of Rangers, this step seemed inevitable, but as the years passed I wondered if anything would happen.
Please remember this is a serious legal proceeding, so act appropriately here and elsewhere online. Failure to do so could prejudice future prosecutions – and we don’t want to do that. No speculation on who is involved and what they may have done.
Why are we reading that the European Commission confirmed Celtic did not benefit from state aid? Good grief, if six of you get together and badgered someone into checking if Ronny Deila is in the Norwegian Red Brigade, would anyone subsequently report this nonsense?
Absurd fantasies being denied is not news, unless you’re analysing the absurd fantasists.
I see there are complaints aimed at Ibrox that they are “giving away the family silver to keep the lights on”.
What kind of fool has silver in the drawer but can’t put money in the meter? Football clubs, like all companies, have to keep the lights on and pay all creditors. If they cannot pay, they are legally obliged to sell assets. Failure to do so will result in the court appointing someone to dispose of those assets for them.
This is where Newco Rangers are now. The utter contempt for financial responsibility which has endured at Ibrox for over two decades, means that no one can afford to cherish whatever silver remains. It is perhaps even more futile to blame major shareholders for not accepting an offer to dilute their control and destroy shareholder value – which is an accurate description of Dave King’s recent approach.
Those shareholders were heralded a short time ago for putting their money where their mouths were when the legions of ‘Rangers men’ kept their hands in their pockets. Offering shareholders a deal which would jeopardise their chances of the financial return they expect was a waste of everyone’s time.
Newco is owned by people who have put tens of millions into it and who are looking for a financial return. Any forward plan has to recognise this reality. With trading conditions are severe as they are, the club will sell-off anything they have to compensate these shareholders and meet obligations to tax and trade creditors. Costs will be cut, and if income subsequently falls, cut again.
Having checked out Burton’s online this morning I think I’ve got Christmas sorted. I really hope we see the Sports Direct ‘flash mob’ protests deployed at another of Britain’s major retailers. They are up there along with State Aid campaigns as a productive use of time and energy by people with unparallelled levels of vision and clarity, who really need more focus more/tone down the hissy fits.
I’ve never been one for patriotism but if you’re off to Celtic Park tonight, remember to sing both anthems in the battle of the Celtic nations. This advice may change on Tuesday. It will be great to see Aiden, Shaun, David, Robbie, Martin and Gordon grace Celtic Park one more time. So many great memories…
You can get copies of Caesar & the Assassin, Billy McNeill and Davie Hay’s accounts of managing Celtic from Jock Stein’s departure until the appointment of Liam Brady, here. We’ve stopped taking orders for signed copies, which will only be available at author events going forward.
A CQN’er (and absolute star) has kindly donated two North Stand tickets to Tuesday’s Scotland-England game on Tuesday. He doesn’t want any money, but asked if I could get something for Mary’s Meals for them. Face value is £60 each. Email me before midnight tonight if you’d like them, celticquicknews@gmail.com
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Godless
Evening Petec. I hope Ireland produce more talent with the help of Celtic. Technically, they were dreadful tonight. Couldn’t care less about the SFA 11.
Rasc,
Nah… I don’t buy it
You look for the good in people, when sometimes it’s just not there
It’s why I like you amigo
Cotton Jammies and Beddy baws for me
Night Youghal
https://www.youtube.com/watch?feature=player_detailpage&v=0xueCCyZ5V8
Dreaming
iwishCSC
Ole Burt Reynolds when Smokey wiznae chasin him……
http://youtu.be/4u4WRSxcNz4
https://www.youtube.com/watch?feature=player_detailpage&v=TnpwuRlXbhk
Killing Joke-Love Like Blood
blastfromthepastCSC
Estadio Nacional
01:40 on 15 November, 2014
First time I’ve been on here in ages.
Yous still talking about ‘Rangers’ aye?
I can still remember them Now that you mention it, though it seems CQN is just a ‘Old firm recovery group’ so where for people recovering from old firm and miss it gather to discuss the two football clubs they are obsessed about.
Though I guess it’s good for Lawwell fans that ‘rangers’ is the topic for discussion, best concentrate on a daft wee irrelevant club.
__________________________________________________________
I agree, many spend way too much Time talking about that shower.
The Celtic hierarchy have went All iN
Let the seeds sown Blossom, it is Some Story Celtic and likewise being a Celt.
Aaaarrrggh try again……
http://youtu.be/8_3yeQeBOAI
https://www.youtube.com/watch?feature=player_detailpage&v=lgCZN1rU5co
The Specials Gangsters
AllegedlyCSC
Jimmy
Its how I want it to be…
But will is not enough.
Nearly burst myself with the referendum.
https://www.youtube.com/watch?feature=player_detailpage&v=YS1H3TXSD5Y
Crossmaglen/Helicopter Song
beatsdoadeeCSC
Petec,
Never take your eye off the ball and I’m not talking about the pool.
Know your enemy. HH
Captain Beefheart
01:56 on 15 November, 2014
Evening Petec. I hope Ireland produce more talent with the help of Celtic. Technically, they were dreadful tonight. Couldn’t care less about the SFA 11.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I’m totally disgusted by the SFA/Rangers and their shenanigans but I have had no real hardship, compared to others around the World, living in Scotland.
I want both Scotland and Ireland to do very well.
Rasc,
Keep believing… It’s folk like you that keep me gawn
The ying and the yang an awe that ;)
Night buddy
Awe yeez calm doon!
Celtic Scotland and Ireland are going nowhere except the occasional vacation tae hamewilldaeme
sipsini
02:06 on 15 November, 2014
Petec,
Never take your eye off the ball and I’m not talking about the pool.
Know your enemy. HH
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I know that and appreciate what you are saying. Things are not so bad in the ole Celtic World.
Will Hate unite us?
Sad to read that a young man has lost his life at Celtic Park tonight. I always look forward to my days at the football and I always expect to make it home safely.
Condolences to the lad’s family.
https://www.youtube.com/watch?feature=player_detailpage&v=lo6azhIP5PU
GB
http://m.youtube.com/watch?v=bsAoHrEXIVI
HH
Goodnight troops a sad night as I once again experienced the idiots out there…
HH
These Bhoys always cheer me up
https://pbs.twimg.com/media/B2Q8oM-CUAA3J21.jpg:large
roy croppie
02:13 on 15 November, 2014
https://www.youtube.com/watch?feature=player_detailpage&v=lo6azhIP5PU
GB
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I came to the conclusion a while back that moving to England wouldn’t be Good for Celtic.
I don’t think the Board share my thoughts on this. They would go in an instant.
The idea of being the Biggest Club in the World paying Ludicrous sums of Money to, Granted? Excellent players, well it just isn’t for me.
As Kojo says, Youth is the Way for Celtic.
I’m over the Moon, howling that Aiberdeen are now debt free, they will be our rivals now, Hopefully. I hope Jackie stays at Dundee Utd and becomes one of the best Managers Scotland has ever produced.
Mags
Wow. Thanks for posting Godless. One of my favourite songs, from one of my favourite albums. Gets a weekly play in my house. Love the Dandys.
Just back from a wee visit to hunmedia to see what they’d posted on the game tonight. Nada, not a single comment in the bigot den.
So I looked to see what they thought of the arrests made today, again zip, zilch nothing.
Could it be that the hun has grown a brain cell and is using it’s website cleverly? Hmmm, huns with brain cells is an odd concept. But, it appears they’ve finally got their act together and the only way I’ll be able to follow the thoughts of the single cells is to sign up to their rancid cesspit and go under cover again.
Huns with brains is such an alien concept. When and how the hell did this happen?
Roy C, thanks for some good tunes tonight. Sorry your evening didn’t go as planned but tomorrow you will still wake up worshipping the green.
Hail Hail bruv. You are Celtic.
Roy K
I disagree,
with Paul67, I think he would have been sensational for Celtic.
I loved this Lambo effort, a slight outside of the boot effort, that it curved Precisely.
This Club is Special.
You Might Think I’m CrzY
nn & God Bless
Just seen McCoist reveal he is shocked. The most insincere, most fake Scotman award goes to Ally. He can look you straight in the eye and lie to you. Ally is an evil D.O.B. The biggest spiv of the lot at doomdome.
My favourite bar in Scotland.
Barackobampot might agree. In fact he probably knows everyone in this vid. Lucky bass so e iz
http://www.youtube.com/watch?v=IYOrPTmXfsk
Goodnight Celtic Men and Wummin, and Barra Men and Wummin who support the Glorious Glasgow Celtic.
rc has played a blinder tonight
Pablo is smiling from above.
My puny contribution is from the growling Tom Waits
Rod’s version is sweet by comparison
Downtown train
http://youtu.be/hZhW76LAnTY
From the Scotsman
by KEVAN CHRISTIE
Updated on the
14 November
2014
15:16
A WARRANT was issued for the arrest of former Rangers owner Craig Whyte on Friday – as four others were detained by police investigating the sale of the Ibrox club in 2011.
The four men were held during early morning raids at addresses across the UK in an operation that involved officers from Police Scotland, Surrey Police, Cheshire Police and Thames Valley Police.
David Grier, Paul Clark and David Whitehouse worked for Duff and Phelps, who were Rangers’ administrators and Gary Withey worked for law firm Collyer Bristow, which represented Craig Whyte before he bought Rangers from Sir David Murray for £1.
Mr Whyte took control of Rangers in May 2011 but the club went into administration in February 2012 and were ultimately liquidated before being relaunched as a new company.
The warrant for his arrest was issued by the Crown Office.
Speaking after the other four men were detained, Rangers manager Ally McCoist spoke of his shock at the latest developments.
He said: “I can’t or wouldn’t comment on a current police matter, but I would have to say I’m shocked.
“Obviously I can’t pre-judge what is going to happen.
“Our concern has always been for the staff and supporters. What’s happened to us in the last two-and-a-half, three years has been very tough, particularly on the staff and supporters.
“We just want to continue with our attempts to get the club back to where we feel we belong.”
Duff and Phelps defended its role at Rangers following the news.
Spokesman Marty Dauer said: “Duff and Phelps has become aware that three employees in the United Kingdom have been detained for questioning in connection with work performed for Rangers Football Club.
“This work was commenced while these employees were part of MCR Partners, prior to its acquisition by Duff and Phelps in October of 2011.
“Duff and Phelps has performed an internal investigation and commissioned an independent investigation of the related matters. As a result, we believe that our work for Rangers was conscientious, thorough, and properly performed in every respect.
“Duff and Phelps has actively co-operated with all relevant investigating authorities throughout this process.
“In addition, we have provided thorough reports on our role in the administration of Rangers Football Club to the Court of Session and the Insolvency Practitioners’ Association.
“Notably, the liquidator’s amended pleadings in English High Court proceedings commenced on April 8, 2011 validate the conclusions of our internal investigation and the independent investigation we commissioned.
“In addition, our assignments in this matter were comprehensively examined by the Insolvency Practitioners Association in 2013. The IPA’s review cleared the firm of any wrongdoing or conflict of interest, affirming the position of the firm.”
Rangers have continued to suffer financial problems and this week announced they were taking their borrowing from shareholder Mike Ashley to £3million despite a cost-cutting exercise.
There have been reports of imminent job losses but McCoist said: “I am not sure at the moment. Obviously any job losses at any level of any description is sad and bad news.
“But at this moment time I haven’t been told that there will be any cuts at all within the footballing side of things so it is very much, if not business as usual, we have to remain focused and continue with the difficult job and the very important job of winning games.
“It would be wrong to pre-judge something that at this moment in time isn’t happening.
“My football staff is intact and concentrating fully on a tough game.”
Ashley’s initial loan was soon followed by the appointment of Sports Direct executive Barry Leach and former Newcastle managing director Derek Llambias as Rangers “consultants”, with the latter subsequently being named a director.
And McCoist revealed he was now answerable to Llambias and David Somers.
McCoist, whose team host Alloa in the Scottish Championship today (Sat) added: “I have been speaking to the chairman and Derek as well, in terms of footballing matters.
“I have been told that if I have any problems or any issues that those are the two gentlemen that I go to and I am absolutely fine with that.”
McCoist could crawl under a snake’s belly while wearing a tiled hat.
ACGR
Barra here I come!
Sftb wtf
do u tink that repostin ad nausium makes u tru,;-))
H.H.
I just went to 1600 to 62000 thanx to my inter galactic pal ;-))
mmmmwowwww
Thank you Polska & Scotland. Your double win has given me a weekend on the lash, paid for by Willie Hills. Magic :))
DELANEYSDUNKY
A weekend on the lash wi a 4/1 double?
Ffs,how much did you put on it?
Well done,of course. A few more of them will see you fine for Valentines Day.
BMCUW
A Hampden roar. A ton a weekend is enough for me. Going to book the Ibis Castle St. £102 for two nights. Australian Pink Floyd £35. Belfast here we come. :)
What’s the story with the fatality at CP tonight?
Terrible news that puts fitba in perspective.
HH