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Back to the Future, when Celtic needed a fan to write a big cheque

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It was Back to the Future on Saturday afternoon, listening to Aberdeen rescue a point against Dundee was more like 1985 than 2015.  TV highlights suggest Aberdeen pounded Dundee, but three excellent goals were enough for the visitors to set the stage for Celtic to return to the top of the league against Motherwell on Wednesday.

Aberdeen have been imperious in recent months.  Incredibly, apart from Dundee and Celtic, they have failed to keep a clean sheet only once (at drubbing at Hamilton) since September.  That’s title challenging form in any language.

This run is unlikely to endure as the vagaries of form and fortune catch them up, but it appears our long wait for a notional title rival looks to be over.  Which is good.

Any business with operating expenses in the region of £33m a year, which is £2.75m a month or just over £600k a week, that had to borrow £500k in the first week of the month in order to pay an unexpected tax bill of the same magnitude, will by now be in urgent need of funds to pay rates, other tax liabilities, electricity and gas (no matter how little they used on Friday), while wages day is approaching.  And remember, those gardens don’t ‘duty’ themselves.

Newco Rangers will need a loan, or to sell a player for cash, to avoid imminently slipping into insolvency.  If Dave King is confident about carrying shareholders at a March EGM, and has the resources, he should loan the club money to get them through the next two months, no strings attached.  A bit like John Keane did for Celtic in 1994.  With insolvency looming, Keane, currently a Celtic director, but at the time an agitator for boardroom change, wrote a seven figure cheque, no strings attached, to pay-down Celtic’s overdraft, as the Bank of Scotland threatened to call in administrators.

Anything less than this is playing into the hands of Mike Ashley.

CQN11 St Patrick’s Day Dinner Dance is on Friday 13 March, at the Kerrydale Suite, Celtic Park.  The focus of an excellent night’s entertainment will be funding the construction of a kitchen at Chibwata Primary School in Malawi, for Mary’s Meals.

Email me if you would like to reserve a ticket, celticquicknews@gmail.com or book directly via the links at the bottom of this page.

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  1. Paul is right that it’s good for the league that Aberdeen have stepped up this season to provide a challenge (one that we will overcome by at least 6 points I predict).

     

    Sevco have a long way to go (3-4 years) in my opinion to even consider pushing teams like Aberdeen and Dundee Utd, let alone us.

  2. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar / Neil Lennon.. Ipox belongs to the creditors on

    Last time I read the article before posting …..cheats ….hahahahahahaha

  3. From last article.

     

     

    Good call on WM.

     

     

    The word I was looking for was ingratiate.

     

     

    BMCUW

     

    Agree about what he should be concentrating on.

     

     

    HH

  4. Alfie Noakes

     

     

     

    What has Jim Murphy done to me personally?

     

     

    Voted to abolish the Student Grant.

     

     

    So much for socialism or social mobility.

  5. The Battered Bunnet on

    Dave King it is suggested, will shortly join the board of Directors of Rangers International Football Club plc (RIFC). RIFC plc is the parent company of The Rangers Football Club Ltd, which is an SFA member club.

     

     

    The difficulty foreseen in such an appointment is the requirement for any Director of an SFA member club to meet the SFA’s standard for “fit and proper person”.

     

     

    For information, Article 10 of the SFA’s Articles of Association requires, amongst other matters that: “The Board [of the SFA] must be satisfied that any such person is fit and proper to hold such position within Association Football.”

     

     

    The Articles thereafter describe a number of circumstances in which the Board of the SFA might “reserve its discretion” on such an appointment, and include with regard to the person concerned:

     

     

    …(h) he has been convicted within the last 10 years of (i) an offence liable to imprisonment of two years or over, (ii) corruption or (iii) fraud;

     

     

    …(j) he has been a director of a club in membership of any National Association within the 5-year period preceding such club having undergone an insolvency event;

     

     

    Clearly, given that Mr King was liable to 84 years in prison for his tax convictions, and was until 2012 a director of the SFA member club Rangers Football Club plc (in liquidation), he has certain regulatory obstacles to overcome before he can accept the position of Director of Rangers International.

     

     

    However, the challenge for Mr King may not be quite so difficult as the SFA’s rules appear to suggest.

     

     

    It may come as something of a surprise to keen followers of Scottish Football, particularly those who take an interest in the governance of the Game, to find that in June 2013 the SFA’s Articles were amended as regards the definition of a ‘club’. This change was unheralded at the time, and remains little known outside of Hampden Park.

     

     

    Whereas previously, a ‘club’ was defined as “a football club playing association football in accordance with the provision set out in Article 6”; the revised SFA Articles now define a ‘club’ as:

     

     

    “a football club playing Association Football in accordance with the provisions set out in Article 6 and, except where the context otherwise requires, includes the owner and operator of such club”

     

     

    Article 6 requires, inter alia, that a ‘club’ is a member of the SFA.

     

     

    This change reflects the concept first described by Lord Nimmo Smith in his SPL Commission’s Notes of Reason in 2012, whereby the undertakings of a football club can be separated from its owner and operator.

     

     

    On ordinary reading, and taken together, one would conclude that the SFA member club is The Rangers Football Club Ltd, and its “owner and operator” is RIFC plc, to which board it is suggested Mr King be appointed.

     

     

    However, one can adopt a different reading of the rules, such that the ‘club’ is in fact the intangible entity ‘Rangers FC’ as originally suggested by Nimmo Smith, and that its ‘owner and operator’ is The Rangers Football Club Ltd.

     

     

    Thus, Mr King’s appointment to the board of RIFC plc is outwith the scope of the SFA’s rules, given that RIFC plc is effectively no more than the Owner of the “Owner and Operator” of the “club”.

     

     

    I am quite sure the Board of the SFA is way ahead of me here.

  6. Eurochamps67

     

     

    12:48 on 19 January, 2015

     

     

    ‘Taxi for Murphy.

     

    Never a socialist or a Celtic man’

     

     

    ###

     

     

    I’d agree that Murphy isn’t a socialist.

     

     

    There are very few socialists in mainstream politics nowadays.

     

     

    He’s a Celtic fan though. It’s just silly, and to be honest sounds a wee bit desperate, to suggest otherwise.

  7. FAVOURITE UNCLE on

    will by now be in urgent need of funds to pay rates, other tax liabilities, electricity and gas (no matter how little they used on Friday), while wages day is approaching. And remember, those gardens don’t ‘duty’ themselves.

     

     

    brill PAUL67……..et les POLIS bills???????

  8. The Battered Bunnet

     

     

    It’s the rubber stamping of the death of Scottish football if Dave “glib&shameless” King is appointed to the Rangers board…

     

     

    I’m sure he will be…

  9. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar / Neil Lennon.. Ipox belongs to the creditors on

    Paul67

     

     

    Don’t be telling too many on here that John Keane is a Celtic Director …….. Destroys the myth ……….hahahahahahaha………John Keane ….THANK YOU, once again ….!!!!!!!!

  10. Alfie Noakes

     

    12:43 on

     

    19 January, 2015

     

    Let me ask all these rabid SNP converts on here-

     

     

    What has Jim Murphy ever done to you!- Jim is a really decent guy.

     

     

    What have the SNP comedians ever done for you?

     

     

    Even Sheridan, the convicted liar has done more than the SNP for the poorest in our society.

     

     

    What is it that the SNP Tartan Tories, who brought Maggie to power and who formed a coalition with Tories at Holyrood, have promised you – NOTHING

     

     

    I wont get into a political debate with you.Just a couple of answers to your questions.

     

     

    Gave the Scottish people free further education for their kids.

     

    Free prescriptions for the sick.

     

    Froze Council Tax.

     

    Scrapped,or in the process of Scrapping the Bedroom tax.

     

    Fighting to get a better share of the Westminster pot to improve our NHS.

     

    What they have not done is squnder untold billions on illegal wars.

     

    Be a party to shameful cover ups of sex ring scandals at Westminster.

     

    Stand on the same platform as Conservatives,Ukip and tell blatant lies to the Scottish electorate at the Indy vote.

     

    I could go on,but I wont.Only answering your questions.

  11. Sevco maybe saved money on the gas and electric on Friday, but 12,000 pies must have gone to waste (especially as Sally isn’t allowed in the stadium).

     

     

    Or are the pies the responsibility of Onerous Contracts Catering Ltd?

     

     

    Or does Sally get paid in pies in lieu of cash?

     

     

    There are so many unanswered questions on the south side…

  12. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar / Neil Lennon.. Ipox belongs to the creditors on

    starry plough

     

     

    13:00 on 19 January, 2015

     

     

    Correct ….integrity will be irretrievably compromised……

  13. TBB I may be wrong but surely Paul Murray and the Lying King are disqualified from being directors byUK company law,never mind what the SFA/SFPL may or may not say. Hail Hail Hebcelt

  14. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Shameless repost,took me long enough to correct the spellchecker then get to the front of the queue in the pub. PAUL67 done me up like a kipper as usual wi a simultaneous new article. Always wanted a stalker…

     

     

    bobby murdoch’s curled-up winklepickers

     

     

    12:52 on 19 January, 2015

     

    ALFIE NOAKES

     

     

    I disagree with what you say,but I defend your right to say it,the mantra of the tolerant.

     

     

    In fact,I agree with what you say,but I find it difficult to defend the manner in which you say it.

     

     

    Insulting people whose opinions have changed from those you still hold-rightly,in my view-is no way to get them back onside.

     

     

    Dialogue and debate may work. I hope they do. But your approach simply hardens attitudes against what was once a given.

     

     

    That Scotland votes Labour.

     

     

    Give them reasons to continue to do so,not historical reasons why we were great at one time.

     

     

    Particularly as we took our eye off the ball and took those votes for granted.

  15. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar / Neil Lennon.. Ipox belongs to the creditors on

    fieldofdrams

     

     

    13:01 on 19 January, 2015

     

     

    Yes, and I want to know names….was it DL pies ?

  16. Turkeybhoy

     

     

    13:00 on 19 January, 2015

     

     

    ‘Gave the Scottish people free further education for their kids.

     

    Free prescriptions for the sick.

     

    Froze Council Tax.’

     

     

     

    ###

     

     

     

    Those policies benefit the middle class at the expense of the poorest in society.

     

     

    The nats could have increased taxes to pay for them, but they chose not to. Those policies are paid for by cuts elsewhere.

     

     

    How’s the price of oil today?

  17. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar / Neil Lennon.. Ipox belongs to the creditors on

    hebcelt

     

     

    13:02 on 19 January, 2015

     

     

    Correct…..I always knew you were a sMart ass……. Hahahahahahaha…….how you diddling ?

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

    Paul – I read the following in the online comments section from yesterday’s Spiers article.

     

     

    “We’ll see if Scott Brown presents the Rangers captain with a penant at Hampden next month. Celtic traditionally give a penant to a club the first time they play them.”

     

     

    Posted this yesterday and while it’s not my idea I think it would make a firm statement to the support of how we as a club view the current entity playing out of Govan?

     

     

    Surprised it was met with a Luke warm response on here. As without making a long winded written statement this simple action may help end some of the understandable scepticism amongst our support.

     

     

    If you or anyone has the ability to pass this suggestion on to the club? I’d be grateful.

     

     

    HH!

  19. 67Heaven .. CHALLENGING THE LIE ..I am wee Oscar / Neil Lennon.. Ipox belongs to the creditors on

    Can’t believe they didn’t even pay the Police bill (pardon the pun) ……..brass-neck doesn’t come into it ….

  20. Ellboy – I am Neil Lennon, YNWA.

     

     

    13:10 on 19 January, 2015

     

     

    “We’ll see if Scott Brown presents the Rangers captain with a penant at Hampden next month. Celtic traditionally give a penant to a club the first time they play them.”

     

     

    ###

     

     

     

    Possibly the stupidest idea I’ve heard all day.

  21. Ernie

     

     

    Please read carefully.

     

     

    I did not say Murphy was not a Celtic fan.

     

    I said, and maintain, he is not a Celtic man.

     

    A Celtic man , would not, IMO, act as he has done on many occasions, in an anti Celtic, pro OF manner.

     

    Celtic have made it clear that they consider the term OF is no longer one they use.

     

    Murphy does, for his own ends.

     

    He is not a Celtic man.

     

     

    EC67

  22. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    ERNIE LYNCH

     

    TURKEYBHOY

     

     

    Free education was indeed introduced by the SNP. Personally I’m all for it,class war or not. And I congratulate them for that.

     

     

    A four-year course in England could cost £36,000 in fees alone. In Scotland,nada. Zilch. Nowt.

     

     

    Of course,this headline of free tertiary education ignores the fact that the Labour government in Scotland had previously set maximum repayments at approx £2,000.

     

     

    In the face of huge opposition from Westminster.

     

     

    So,another Labour Party initiative ignored by further events? Seems so.

     

     

    As for the council tax freeze,that is a difficult one. If it has largely benefited middle class,does that mean the middle class were paying disproportionately more in the first place?

  23. Really hope ronnie starts with 2 up top against the huns

     

     

    Quick read back it looks like denymear is interested in trying somewhere else next season.

     

     

    Guidetti is keeping his options open

     

     

    Virgil.. we all know cant wait to leave.

     

     

    All very negative sadly.

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