I hear there are rumours in the old media today that David Longmuir prepared a plan with Charles Green and Peter Lawwell before briefing Scottish Football League clubs this week. I suppose the rumours are half right. No one from Celtic was involved in this nonsense.
Special mention to Gavin Masterton, owner of 94% of Dunfermline shares, who last month told the BBC “The football club is debt-free. There is no bank debt. The debt is to myself and the other directors.”
This new kind of “debt-free”, talked about by Dunfermline and one other lower league club is more dangerous than it seems as just three weeks later Dunfermline admit they expect HMRC to apply for a winding up order.
Fans have raised around £250k, enough to pay HMRC in full, but they are asking Masterton to value his shares at a level they would reach if an administrator was appointed, which will happen if the fans don’t pay. Masterton’s recovery plan was to issue £500k of shares for around 25% of the club. Nice, for him.
Nine years ago Masterton and Dunfermline director John Yorkston were embroiled in the financial calamity which afflicted Livingston. This tale of woe is worth reading, as is the story about the downfall of Bank of Scotland by Iain Fraser, who writes, “The rot set at Bank of Scotland in when the likes of Gavin Masterton and Peter Cummings started handing millions of pounds to their pals, without doing much in the way of due diligence.
Fraser also speculates “Foolishly, Cummings and his predecessor Gavin Masterton handed [Sir David] Murray a total of £760m on a “no questions asked, handshake only” basis and, in the current environment … realised he hasn’t much chance of paying this back”, in an interesting article on the Bank and the liquidated football club.
Mr Masterton is clearly the only qualified candidate as the next president of the Scottish Football Association. After Mr Peat (former director of liquidated club Airdrieoneans) and incumbent Mr Ogilvie (former director of liquidated club Rangers) the bar has been set at an astonishing level.
“Utterly astonishing”, as our old friend used to say.
Be wary of people to say they are debt free when what they mean is they have no bank debt. Be very wary of bums who try to convince you that them being denied bank lending is a good thing.
If company credit rating equals zero, credibility rating equals (I’m away to find out if a whole number is required here).
[calameo code=000390171160c3bf6ac7a lang=en page=119 hidelinks=1 width=100% height=500]
796 Comments- Pages:
- «
- 1
- ...
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- ...
- 21
- »
Paul67 et al
That was a deliberate use of the arm by Luiz, should have been red.
Call me old fashioned but I am glad the catholic church is sticking to its traditional criteria
White
70+
Nazi
ped…pedestrian
TLWIO
Ditto.
Jimbo
the long wait is over
She never done it for me either, but i could always dream about her doing it to me.
That’s the fifth form in!
Jimbo67
Ah bet ah’m prettier but…
TLWIO
Trust me being prettier than me is not a significant achievement!
Jimbo
Thetimrieper
Lol
OooerrvicarCSC
Wonderful piece Paul, the plan was to finish us off, the orchestrators are exposed, they failed.
Stoopid Stoopid Huns!
Charlie Nick
“It’s not exactly rocket surgery Jeff”
(Stole that from Only an Excuse)
PlagiarismCSC
HH
the long wait is over
21:25 on 14 March, 2013
Has there ever been a footballer whose star has dimmed so swiftly and markedly as Fernando Torres?
>>>>>>>>>>>>>>>>
Many good players have experienced the Chelsea graveyard. Players are bought without any thought to where they will fit in. Torres is their ‘Tore-Flo’ bought for the wrong reason at the wrong time!
the long wait is over
:-)
HH
Charlie Nick- The Cannonball Kid
Danny Bhoy calling Broadsword on ITV4……. again. Great film though my girlfriend t the time didn’t appreciate Clint killing so many of her countrymen.
goldstar10
21:39 on
14 March, 2013
Charlie Nick- The Cannonball Kid
=========================
Charlie Nic- the Colemanballs Kid
Crushed nuts
Inevitably Torres has now scored of course…
In fairness at his best he was magnificent , a far better than Flo could ever have hoped to have been , even though Flo was worth 11m more than Henrik.
Apparently.
Been very little posted about the huns boycott of all the clubs who will vote against them.
Whit are they like, they get a licence when they shouldn’t, they are making friends in the bottom league, yet they want to boycott them, I always knew they were thick, they will be walking away next.
the long wait is over
21:42 on 14 March, 2013
≥>>>>>>>>>>>
Flo was signed on the basis that he gave deidco ‘no sporting advantage’!
:)))
the long wait is over21:25 on 14 March, 2013
“Has there ever been a footballer whose star has dimmed so swiftly and markedly as Fernando Torres?”
Winston Bogarde did not bad in that respect – at Chelsea an awe.
Got new phone today. Galaxy s3. Its great. However I’ve lost my ringtone of ian crocker’s audio of tony watts goal vs barca.
Can anyone help? Message me here, or on twitter as maleysbhoy or on email at bobbypetta@sky.com.
Thanks
Crushed nuts
On this occasion I might just give them that one.
CC
Fair point.
HH
TLWIO
Ian Rush on his (very) short stay with Juventus:
“I couldn’t settle – it was like living in a foreign country!”
HH!!
Flo was signed by Murray for £12m to beat Celtic 5-1 in Nov 2000 (I think) and should have precipitated an SFA investigation into corruption that took 10 years of further corruption to expose their (SFA)complicity. However, thats ok we’re all old firm together. No be long now till they’re back. Crivvens.
This Steua team look like a bunch of mad dogs.
TET
A Hun boycott, ah there must be a Y in the day!
blantyretim20:53 on14 March, 2013Miki
Spurs lost 4 1 but go through on away goals..
KTF
>>>>>>
many thanks for that.
Scunnert by thae Chelsteasers……..sickly bhuns.
HH!
Check oot Collins Okinyo’s Twitter Account.
Nutsy,says..
“Okinyo,is Victor’s, pal.”
Ah see he his a piece oan the CelticNewNow..
It is a very interesting take.. oan How Victor, really, really,really fells.. Aboot
playing fur the Celtic.
Actually, it wiz a Pleasant surprise, tae find oot..
How much Victor.. Luvs Us..
Kojo
Still, Laughin’
‘Julian Dicks is everywhere. It’s like they’ve got eleven Dicks on the field.’
(Metro Radio)
‘ ….and later we will have action from the men’s cockless pairs ….’ (Sue Barker).
Ntassoolla
05:45 on 14 March, 2013
Beddy byes.
Good night all.
And once again.
Zimmerman. May you sleep like a clubbed seal.
In all seriousness bhoys. We have to be prepared to deal with the arguments that do not confirm our prejudices.
Don’t worry about Zimmerman. The club that could crack that skull has yet to be fashioned. I’m working on it.
——————————————–
Ntassoolla.
Can’t contain my curiosity at what prompted this outburst?
don’t recall us having any words before,..or indeed last night??
bewilderedcsc.
Bedroom tax = Ethnic cleansing!!
English teams going bonkers for getting to the quarter finals of the Europa League. Fair play to them.
That is 3 English teams in the QUARTER finals of the Europa League.
Five years ago there were 3 English teams in the SEMI finals of the Champions League.
That’s progress for you.
Wonder how much money English teams have spent in those 5 five years.
Good article Kojo
http://republicfootball.net/wanyama-leaving-celtic-could-be-the-road-to-nowhere/?
Burghbhoy
I have a copy of their banned list, I did think about posting it, but it takes up too much broadband space, it’s quite astonishing.
And yet they still don’t get it.
HH
An American, a Japanese, and a hun were sitting naked in the sauna.
Suddenly there is a beeping sound. The American presses his forearm and the beeping stops.
The others look at him questioningly. “That’s my pager,” he says.
“I have a microchip under the skin of my arm.”
A few minutes later a phone rings. The Japanese lifts his palm to his ear. When he finishes he explains, “That’s my mobile phone. I have a microchip in my hand.”
The Hun, feeling decidedly low-tech but not to be outdone, decided he had to do something just as impressive. He steps out of the sauna and goes to the toilet. He returns with a piece of Toilet paper hanging from his arse.
The others raised their eyebrows and said, “Wow!
What’s that?”
“Fax” he says.
TET
They really are fools.
They are on the road to hell.
They have no shame.
They cheat impunity.
TET
Hail Hail buddy
Pogmathonyahun
Yes, you called that.. right.
Collins, who wrote that article,is Victor’s Childhood Pal.And they are still very close.
This Guy knows Victor,well..
So..
When Ah read whit ,Collins hid tae say, aboot.. Victor’s Staunch Allegiance tae the Celtic.
and.. His lasting gratitude , fur us bringin him oan tae the world stage..
It gies me Heart..
That..
Victor, is Not a sucha Lead Pipe Cinch..tae Leave us.. Come the Summer Windae.
Of tha happenin.. Ah Noo..
Hiv Ma Doots!
Kojo
Still..Laughin’