Avoiding bad Fortune

789

I read our treble-winning captain, Tom Boyd, in the Herald advising Celtic to retain players who want away or decline to sign new contracts, until after their Champions League qualification ties, an idea we discussed some time ago.  Tellingly he added, “They will see when they go down south it’s not always as bright down there as they think it will be”, perhaps a reference to his time in the Chelsea defence.

There is unlikely to be much difference in value achieved between selling before or after the qualifiers, so as long as the players stay on-side with Neil Lennon and the club, there will be no reason to sell before then.

Recruiting is a different matter.  Celtic will want players in as soon as possible but with all in-demand talent, selling clubs have little reason to cash-in before the business end of August.  For me, there are some on the list we are currently linked with (I’m trying to avoid stepping onto the speculation train as long as possible) who I’ll be happy to see sign elsewhere.  Half the battle in transfer windows is to avoid the bad Fortune of splurging money on players who don’t work out.

Willie Wallace’s autobiography, Heart of a Lion, is now back in stock, order your copy below:


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  1. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    16 ROADS

     

     

    How you doing,buddy?

     

     

    You out bird-nesting to build up a stockpile to throw on the 12th,haha?!

  2. jude2005 is Neil Lennon \o/ on

    Ive got a wee blue wheel spinning at the top of my pointer and my laptop is running very slow. Emdae got a cure apart from a hammer?

     

     

    HaiL HaiL

  3. Brogan Rogan Trevino and Horgan your excellent contribution to the Willie Wallace tome has enhanced my metro trip Tokyo today.

     

     

    You certainly won a watch as a six year old wean !

  4. Kev J

     

     

    So finally I get a response to what was a simple question. You think Thompson contributes more to a team than Brown.

     

     

    I won’t be wasting anymore of my time.

  5. Winning Captains,

     

     

    I ordered the WW book via cqn on 23rd May, I understood it was to be a signed copy and included that as a special instruction when ordering, it arrived today, unsigned.

     

     

    Vinny

  6. petec

     

    ____

     

    I missed ye earlier M8 – Sorry – have ye any idea how long it takes an auld geezer like me tae type ? :))

     

     

    I merely rolled in a wee suggestion – based on the type of market that we operate in terms of bringing in players – that it might be a shrewd move to go for KT.

     

     

    I know that I kept it going but – it was far better than reading aboot Rangers awe day imo :)))

     

     

    Only saying M8

     

    Keep it lit

     

    Hail Hail

  7. BOBBY

     

     

    I heard a great story a few months ago about way back.

     

     

    To cut a long story short, there was an alternative toilet for a week before their walks. :D

  8. SmashingMilkBottles on

    Paul67

     

     

    Willie Wallce book purchased online on 12/05/13….still no show?

  9. jude2005 is Neil Lennon \o/

     

     

    12:21 on 5 June, 2013

     

     

    Im glad to see Lenny took my advice abt Richard Dunne! Good solid C B imo!!

     

    ______________________________________________________________

     

    Agreed 100% M8

     

     

    The Celtic fans deserve to be watching far better quality on the pitch than the – cheap car-boot sale type p#sh that has served to cut the crowds by 40% imo

     

    Hail Hail

  10. Shiny new HEART OF LION arrived this morning had a quick flick thru before putting it away for my holibags in July

     

    Cheers to all involved it looks superb!!

  11. kevin Thompson looked a great prospect at Hibs. It has been evident since then that Brown did all the graft and let him play. Injuries have robbed him of a longer playing career. Footballers who like to play the game the right way should never join Rangers. He will get a cushy career in the media if he wants it though. he isn’t in the top 3 Hibs midfielders and talking about him joining Celtic is crazy!

     

     

    LB

  12. KevJungle – Murdo…4-2…Ma best EVER night in the JUNGLE

     

     

    12:29 on 5 June, 2013

     

     

    No worries, just remember what is written about pharmakeia.

     

     

    :)

  13. Snake Plissken on

    Kevin Thomson was a footballer before he went to Ibrox. Some supposed manager’s influence turned him into a ned who kicked everything that moved.

     

     

    You’ll never read that in the SMSM but it is a fact.

     

     

    He tried to boot everything that moved within weeks of arrival whereas before he was a footballer.

     

     

    Do the math.

  14. jude2005 is Neil Lennon \o/ on

    goldstar10

     

     

    Aye, he took a right sare yin there!! ps I chuckled at that one. :<;o)

  15. Didnt Scot Brown under strachan play more of a defensive (holding ) role .

     

    Whereas now he seems to be getting around the pitch more and getting in or about the oponents penalty box?

  16. Dontbrattbakkinanger on

    KevJungle- your daft wind-ups keep the bhlog goin’ on many a quiet day but ‘Cheap car boot sale pish’ is unfair and a slur on the Champions and double winners.

  17. leftclicktic on

    Seen on TSFM

     

    Some breaking info:

     

     

    Wednesday 05 June, 2013

     

    Rangers Int F.C. PLC

     

    Share Transfer Agreement

     

    RNS Number : 3537G

     

    Rangers Int. Football Club PLC

     

    05 June 2013

     

     

    

     

     

    Rangers International Football Club plc

     

     

    (“Rangers”, the “Company” or “Club”)

     

     

    Share Transfer Agreement

     

     

    The Company announces that under an agreement entered into by Charles Green, the former CEO of the Company, with Laxey Partners Ltd (“Laxey”) on 19 October 2012, Mr Green has agreed to transfer 714,285 shares owned by him to Laxey, once free to effect a transfer. Under the terms of the lock-in agreement entered into by Mr Green with the Company on 7 December 2012, Mr Green is prevented from transferring shares before 7 December 2013, without the consent of Cenkos Securities plc other than in limited circumstances such as to connected persons, a family trust or in the event of a takeover of the Company.

     

     

    Further to the announcement on 19 April 2013, Mr Green left the Company on 31 May 2013.

     

     

    For further information please contact:

     

     

    Rangers International Football Club plc

     

     

    Craig Mather, CEO

     

     

    Brian Stockbridge, FD

     

     

    Tel: 0141 580 8647

     

     

    Cenkos Securities plc

     

     

    Tel: 020 7397 8900

     

     

    Stephen Keys, Adrian Hargrave, Max Hartley (Corporate Finance)

     

     

    Russell Kerr (Corporate Broking)

     

     

    Newgate Threadneedle

     

     

    Tel: 020 7148 6143

     

     

    Graham Herring / John Coles / Roddy Watt / Fiona Conroy

  18. 16 roads - Neil Lennon walks on water. on

    Bobby M – I can’t complain at all my friend.

     

     

    Are ye keeping well yerself chief?

     

     

    I forgot to congratulate ye yesterday on getting the podium,was too busy reading the article,and only noticed when a read back.

     

     

    Well done mate,ya deserved it ya did. :)

  19. Brogan Rogan Trevino and Hogan supports Kano 1000 on

    Vmhan

     

     

    That is strange because Willie signed all the copies for CQN’ers — if it is not signed we will get you one.

     

     

    There are a few I was asked to sign as well– though God knows why it is Willie’s story!

     

     

    Smashing Milk Bottles they should all arrive this week so keep an eye out.

     

     

    BRTH

  20. Here is a copy of the article from Teohundredpercent.net from the link posted by UNIONBEARBEHIND earlier

     

    Just incase anyone cannot access it at work etc

     

    It’s a good read I apologise for the size of article but it should be a pleasant way to pass a bit of your lunch hour

     

    ~~~~~~~~~~<<<<<<<<<~~~~~~~~~~<<<<<<<<

     

     

    BY MARK – JUNE, 5TH 2013

     

    It is a story that, depending on which side of Glasgow football’s ‘Old Firm’ fence you sit, either keeps on giving or won’t go away, even if its central figure since last May supposedly has gone away. Charles Green, erstwhile Rangers CEO and serial belier of the phrase “no-nonsense”, left the Ibrox board on the thirty-first of May, as promised when he left his headline role six weeks ago in the wake of allegations of casual racism and not-so-casual financial deception. In those six weeks, a butcher’s shop of meat has been put on the bones of what Green himself admitted was a business double-cross of previous Rangers supremo, Craig Whyte. This has been done via a Twitter account under the pseudonym “Charlotte Fakes,” and would be manna from interview heaven for experienced, insightful sports broadcast journalists. Unfortunately, the nation had to make do with Talksport radio’s execrable Richard Keys and Andy Gray (the modern-day Saint and Greavsie).

     

     

    Ms Fakes (assumed to be male) has, since May 15th, produced a growing archive of audio and printed material revealing the mechanics of numerous Rangers-related business deals since Whyte emerged as a potential Ibrox suitor in October 2010, lauded by Scotland’s mainstream media as a venture capitalist with “off-the-radar” wealth. Reaction to this material has been predictable. Rangers fans have dismissed it as irrelevant or phony, more concerned – as seems traditional – with the identity of the messenger than the message itself, an attitude which arguably aided Rangers’ Whyte-inspired downfall. Non-Rangers fans, largely but not exclusively Celtic followers, have hailed it – as seems traditional – as heralding another financial collapse at Ibrox, more examples of Rangers’ unethical business methods and “cheating,” an attitude which arguably led to erroneous assumptions (pending appeal) about the “Big Tax Case” decision.

     

     

    Green’s departure was one by-product of a parallel boardroom civil war, between “Rangers-men” and “spivs”, which has veered between the vicious and the proverbial school playground. The Rangers-men included non-executive chairman Malcolm Murray and non-executive director and modern Rangers legend Walter Smith, “widely acknowledged as the Club’s most successful manager,” according to the Stock Exchange announcement of his appointment as “non-executive chairman of the Board” of Rangers’ parent company. The spivs included Green and some of his cronies, notably former commercial director Imran Ahmad, who left Ibrox under a sky-full of clouds at the same time as Green’s resignation as CEO and is widely acknowledged as a creepy, sinister bully.

     

     

    This battle has, superficially, had considerable heat taken out of it by Smith’s new appointment (at least until the EGM called by Green supporters for next month). The fact that Smith is considerably under-qualified for such a role is considered far less important than his ability to unify Rangers support at this time of greatest need… and season-ticket renewal. Some argue, not unreasonably, that this is cynical manipulation of a fanbase divided, appalled, dazed and confused by the boardroom shenanigans. But it is a near-perfect business decision. Indeed, if other such decisions had been made at appropriate times in recent years, Rangers’ continuing problems might not be so fraught. The problems highlighted by Charlotte Fakes could be longer-lasting and further-reaching. The one relevant comment in Green’s Talksport interview – apart from the surprisingly glossed-over “when I publish my book, everything will be in it” – was his suggestion that “we might be fighting Craig Whyte for the next ten years.” This fight, rather than handbag-swinging in the boardroom, could prove Rangers’ second downfall. Whyte’s issue is straightforward. On May 29th 2012, administrators Duff and Phelps published proposals – a Company Voluntary Arrangement (CVA) – to take Rangers out of administration. They contained the following paragraphs:

     

     

    4.17 Following…the extensive sale process, an offer was made by Sevco 5088 Limited (“Sevco”) to make a loan on certain terms in conjunction with the purchase by Sevco of the Group Shares.

     

     

    4.18 Having…compared it to other offers received for the Company/business and assets, the Joint Administrators determined that the Sevco offer was preferable…

     

     

    4.19 Consequently, on 12 May 2012, the Joint Administrators agreed and signed an offer letter with Sevco…and granted Sevco exclusivity to complete a takeover of the Company or a purchase of the Company‘s business and assets by 30 July 2012. Sevco made a payment of £200,000…for such exclusivity.

     

     

    So, “Sevco” – Sevco 5088 Limited – were awarded, and paid for, exclusive rights to take “Rangers” over, either via a CVA or by buying “Rangers” business and assets. The CVA, thanks to the taxman’s opposition, was rejected, a scenario covered in the following paragraph:

     

     

    4.23 (If)… this CVA is not approved… Sevco is contractually obliged to purchase the business and assets of the Company for £5,500,000 by 30 July 2012.

     

     

    So, “Sevco” – Sevco 5088 Limited – were “contractually obliged” to pay £5.5m for “Rangers’” business and assets, something Charles Green loudly and inimitably claimed to have done when the CVA was formally rejected at a company creditors’ meeting on June 14th. The administrators’ next report to creditors, dated 10 July 2012, confirmed this in the following paragraphs:

     

     

    5.47 …the CVA Proposal was rejected by creditors…on 14 June 2012 and a sale of the business and assets of the Club completed shortly afterwards to Sevco.

     

     

    5.48 Following the creditors’ meeting on 14 June 2012, the Joint Administrators…confirmed that a binding contractual agreement with Sevco had been reached and the business, history and assets were subsequently transferred from the Company to Sevco.

     

     

    Aside from the unheralded, transfer of the “history” to Sevco alongside the business and assets, all went as previously planned…bar one literally nominal difference. In the 29th May document, “Sevco” was formally defined as Sevco 5088 Limited, as made clear in paragraph 4.17 (above). In the July 10th document, “Sevco” was formally defined as “Sevco Scotland Limited of Ibrox Stadium, Glasgow.” But nowhere in any report to creditors, was it reported or explained how, when or why Sevco Scotland appeared. Both companies were “Sevco.” But for all the link there was between them, they might as well have been “Rangers Limited” and “Celtic Limited.” Scottish Television (STV), exclusively among Scotland’s mainstream media, reported this change. And in response, on June 27th, “Rangers” claimed that “For the avoidance of doubt, Sevco 5088 Limited bought the assets of the Rangers Football Club and then transferred them to Sevco Scotland Limited so that all the assets would be in the Scottish registered company that is Rangers FC.”

     

     

    This wasn’t exactly what Green told STV’s Peter Smith two months ago. Asked about when “Sevco 5088 Limited bought the assets”, Green said: “never ‘appened.” Out of this seemingly small but actually fundamental anomaly, a whole cottage industry of speculation and, potentially, lengthy, bitter legal action has emerged. Whyte has, via (ulp!) 330 pages of audio and documentary “evidence” claimed Sevco 5088 still owned the contractual obligation to buy “Rangers’” business and assets – there being to this day no audio or documentary evidence of when, how, or even if, this obligation transferred to Sevco Scotland. All this has been placed firmly in the public domain over the last two months. But if “Rangers” statement to the Stock Exchange last week, concerning solicitors Pinsent Mason LLP’s “independent” investigation into “connections between Craig Whyte and former and current (Rangers) personnel” is a reliable guide (which legally it should be), the key questions remain unanswered.

     

     

    Scotland’s media gathered round a consensus that the investigation found “no links” between Whyte and Green. But the statement said nothing of the sort, revealing only that the investigation had found “no evidence that Craig Whyte had any involvement with Sevco Scotland” or had “invested in” the current “Rangers.” And Whyte made neither of those claims. As cynics quickly noted, there was no evidence either that he “was in Dealey Plaza in November 1963,” or “had weapons of mass destruction in his living room” or (and here’s my contribution, so look away now) “had any involvement in the Watergate break-in.” So Keys and Gray were somewhat spoilt for choice as to how to put Green on the spot last Friday. And Keys’ opening gambit? “It’s nice to hear from you, Charles. You’ve been very low-profile. Where have you been?”

     

     

    It was, therefore, nearly a minute into a four-and-a-bit minute slot before we got to any remotely relevant or serious discussion. Green, it transpired, had “been” in France, “painting on a roof” (presumably his own). This gave him the chance to suggest that “Andy, you think manual labour’s a Spanish centre-half” and to add “I think it was the Count of Monte Cristo exiled, wasn’t it?” (a phrase many fans might consider more appropriate with one less vowel). Key’s first ‘proper’ question was scarcely a searing one, either. “Do you feel vindicated by this statement by Rangers to the London Stock Exchange?” Green was hardly going to say “well, no, because Craig Whyte has me bang to rights.” Significantly, he eschewed the word “yes,” in favour of “I’ve always said that what went on we did to make the club secure.” And he added: “the reality is (and invariably a lie follows when Green says those words) that Rangers is secure, it’s moving forward,” a claim he’d already undermined by issuing his “fighting Craig Whyte for the next ten years” warning in the previous sentence.

     

     

    But faced with this obvious contradiction, Keys simply reworded the same question: “Your resignation was seen by many as an admission of guilt, was that correct?” Again, Green was hardly going to say “yes and I’m turning myself in to Strathclyde Police.” Instead, he proclaimed that “I’ve nothing to be guilty of,” meaning nothing to be ashamed of. “What I did at Rangers… was something I’m proud of.” And despite having “no internet” in France, “so I don’t see any press,” he had still “seen from this report from Pinsents (that) everyone is now clear, apart from one man, who is completely delusional.” “Who’s that?” asked Keys. And, no, he wasn’t joking. “Oh… I see… OK,” he squirmed. “Just to be sure we’re talking about the same man. I thought that must be the case.”

     

     

    There was just time for Green to make the most Freudian of slips, suggesting his Rangers “addiction” made him a “one-man club,” rather than a one-club man. Sheffield United fans might have wished the latter were true. Green might still dream of the former – at least until he can sell his shares for sickening profit. Keys and Gray will probably never deliver the promise on their Talksport website page of “unmissable debate” to go along with their “exclusive interviews with the biggest names in sport.” These biggest names aren’t going to grant such exclusives if they are going to receive the sort of grilling Martin Samuel gave Michel Platini in April. But if the price for such exclusivity is the meaningless, ill-researched drivel they and Green produced last Friday, then surely it is not worth paying.

  21. Guys.

     

     

    Brown and Thomson were BOTH overhyped by the Scottish media who tend to do this to young talent.

  22. 16 roads - Neil Lennon walks on water. on

    petec – What’s happening mo chara?

     

     

    12 wee cans of ice cold Heineken in the fridge here,out the front soon with the music blasting.

     

     

    It’s a beautiful day. :)

  23. Phyllis Dietrichson on

    BRTH – another cracking tale – thanks. Don’t depend on a spell checker though:

     

     

    pigeon = pidgin

     

    wretch = retch.

  24. leftclicktic on

    jude2005 is Neil Lennon \o/

     

    12:36 on

     

    5 June, 2013

     

    Who’s Chris Spivey?

     

    —————-

     

    just googled him and seen video interview with Vinny Eastwood

     

    Interesting will watch it later only seen a few moments of it.

  25. TheOriginalSadiesBhoy on

    Gold star 10

     

     

    Thanks for confirming about Kayal in the game at Kilmarnock. He spat out the dummy during a game when both Lenny and the Celtic fans needed him to put in a performance. I used to love the guy and considered him at one time to be the best player in Scotland but I can’t trust him any longer.