Banks and bums

796

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).

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  1. Kojo

     

     

    Good to see Big Vic is getting good advice from his big bro. Rather he paid attention to him than his agent!

  2. Burghbhoy

     

     

    Yep… Victor ,knows that His Big Brother..

     

     

    Made a DUMB MOVE.. in Being talked into that Move..

     

     

    Noo..His Big Brother.. after hivin sat oan the Bench.. there…and Being sent Loaned oot..

     

     

    He has now returned tae the Italian team . Where he First Started Playing in Italy.

     

     

    That Big Move he Goat.. in leaving his Initial Team.. fur a Bigger Mob..

     

     

    Turned oot tae be ..

     

     

    A Disaster..

     

     

    And noo he is back tae square Wan..

     

     

    Yep.. Victor, sure has bin reminded ,because of his Brother’s… Fast tracl tae NoWhere..

     

     

    The .. Wisdom in that old aphorism

     

     

    How’s it Go Again?

     

     

    Oh Aye!

     

     

    Somethin aboot.. The Depth of color of Grass…

     

     

    Kojo

     

     

    Still, Laughin’

  3. jude2005 is Neil Lennon \o/ on

    TSDD

     

     

    Its an attack on people who have no one to fight their case. Some are being forced out of their homes they have lived in for years. There was a case on the radio recently where a woman needed constant care that her daughter provided as she lived nearby.Now she is being forced to move just because she has an extra room. At the end of the day she will need more care from the state.

     

     

    We need to fight this they way we didnt fight the poll tax!!!

  4. Margaret McGill on

    Iain Duncan Smith’s gonna get ye!

     

    Report Benefit Fraud:

     

    We believe you may be harbouring a spare bedroom?

  5. Tet .

     

     

    From thems that have done no wrong!

     

     

    >>>>>>>>>

     

     

    Caught a bit of the phone in tonight and in addition they were subtly discrediting David Longmuir over his comments (taken form the Mcleish report)….The anti Rangers bile has reached a crescendo…It seems that anything that will “benefit” Rangers in the eyes of the hordes can only come from someone with a pro Rangers agenda…its embarrassing and so many people fail to see the bigger picture because it is clouded with a hatred of us….How we move forward from here I dont know but despite us proving our innocence time and again the only people seemingly trying to move on are our club whilst everyone else wants to hold us to account for everything!

  6. Zimmerman

     

     

    The first time I saw this….. May you sleep like a clubbed seal…..it was directed towards bournesoup…

     

     

    And nobody said a thing, that surprised me, knowing CQN like I do, many posters get their nicks in a twist over the slightest of things, but when a poster hopes another sleeps like he has been clubbed to death, not a peep, tis a strange blog at times.

     

     

    Yer man is a troll, he may well be a celtic supporter, but he ain’t a Tim.

     

    And I still reckon he is getting paid to be on here, I will think that untill someone can confirm different, and I doubt that will ever happen.

  7. The Comfortable Collective

     

     

     

    21:48 on 14 March, 2013

     

     

     

    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

     

    ===========

     

     

    Tony Cascarino would take some beating for being an utter let down. Great piece of business swapping him with Tom Boyd – at Chelsea an awe.

     

     

    Now Tom Boyd is what I call a Celtic Man.

  8. This is from the BBC report on the Newcastle game:

     

     

    “Papiss Cisse scored with the last kick of the game to send Newcastle into the quarter-finals of the Europa League.

     

    The Senegal striker headed in Sylvain Marveaux’s cross three minutes into injury time to break the stalemate.”

     

     

    “last kick” was a “header”

     

     

    FFS!

     

     

    Worthy of the msm.

  9. I would elect The Singing Sphinctre to assist Irritable Bowel Syndrome in finding all those one bedroom flats that the current government believe to be available!!!!! Hurrah..!!

  10. Jock Stein and Lions are legends and have been such a huge part of our life, not to mention people who have inspired and shaped communities throughout Scotland.

     

    They will NEVER, ever be equalled.

     

    Hail Hail Burghbhoy

     

    Teuchter ár lá

  11. Dae ye Think that We wull Beat the Aberdeen ?

     

     

    Ah am Harborin.. a Few Doots.. as tae us hivin’ a Happy Ootcome, tae the Confronto.

     

     

    No fur the Foist Time,this Season..hiv Ah hid that.. Sinkin’ Feelin’,afore a GAME..

     

     

    And

     

     

    Incidentally…

     

     

    On mair that one occasion..

     

     

    That Sinkin’ Feelin’..

     

     

    Wiz Justified!

     

     

    It used tae be.. A Home Game wiz a Three Pointer in the Bank..

     

     

    This Season. No Such Luck.

     

     

    We should be rackin up the Points ,like .. Joe Davis.. at this time in the Season.

     

     

    But..We are Daeing the Exact Opposite.

     

     

    We Hiv Loast..

     

     

    THREE GAMES IN SEQUENCE..

     

     

    Hmmmmmmmmmm..

     

     

    Kojo

     

    Still Laughin’.. though.

  12. Ethnic cleansing = The Tory Parteeeeee @ work @ our expense in The ConDemNation.

     

    And while I’m at it……whatever has happened to Unkle Chunkles’ desperado type messages of armagheddunhun on a daily bidness?

     

    Or is he and The Clunkeron bizzy countin’ out the lizzies to fly to Rio wit’?

     

    Life is too bizzy fur keepin’ up wi’ dese closets.

     

    : > )

  13. sipsini

     

     

    What part of guilty do they not understand ???

     

     

    I know they are as thick as shit, but, ffs, they have been found guilty of everything, not once have they had a NOT GUILTY against them, not even a not proven, everything has casted them as cheats, fraudsters, liers and thiefs…and yet the brain dead scum still profess their innocence.

     

     

    If brains were chocolate, they couldn’t fill a Smartie.

     

     

    Hell mend the lot of them.

  14. jude2005 is Neil Lennon \o/ on

    67H

     

     

    He’ll soon be on the transfer list if he doesnt smarten up!!

  15. 'crushed nuts?' 'Naw, Layringitis!' on

    The colts idea is simply a sop to deidco fans. Celtic should take nothing to do with this, sevco are as skint as a paisley busker so any way of getting a regular game against us is a chance to increase their 400k sponsor deal.

     

     

    NFl, PL and the players should treat sevco like a hobby in a swimming pool

  16. THE EXILED TIM

     

     

    22:34 on 14 March, 2013

     

     

    sipsini

     

     

    What part of guilty do they not understand ???

     

     

    I know they are as thick as shit, but, ffs, they have been found guilty of everything, not once have they had a NOT GUILTY against them, not even a not proven, everything has casted them as cheats, fraudsters, liers and thiefs…and yet the brain dead scum still profess their innocence.

     

     

    If brains were chocolate, they couldn’t fill a Smartie.

     

     

    Hell mend the lot of them.

     

    ===============================================

     

    I wonder if anyone on here is in to psychology and knows what the cause of this is? We all have our opinions I suppose.

     

     

    I have been dealing with some employers lately in my work for my Union and I can’t escape the comparison between their behaviour and that of Sevco – they have had findings against them from various tribunals, procedures etc but maintain with me that they have done nothing wrong and that it’s the victims of their bullying and harassment that are to blame for complaining about the bullying and harassment. They won’t look within, they won’t change, they won’t challenge themselves to be honest and to do things better. So more trouble is coming. No contrition, no acceptance of responsibility = repeating the same negative behaviours of the past.

     

     

    As you say, hell mend them.

     

     

    Sounds familiar doesn’t it.

  17. Tet.

     

     

    They really think they done no wrong and are persecuted.

     

    Working with them, i hear it everyday and they are taken aback when i say they were cheating b******s

     

     

    The new angle seems to be don’t you miss the old firm games…The cabal is pulling strings,There is something amiss…paranoid…yes.

  18. Crushed nuts

     

     

    Correct…as apposed to giving the MSM quotes about how you’d like to play them again in the SPL

  19. ‘crushed nuts?’ ‘Naw, Layringitis!’

     

     

    The problem PL has, is that if we don’t get CL football, we need OF football.

     

     

    Daddy or Chips.

     

     

    Not that I agree with that thinking, but as sure as eggs are eggs, is the way the suits see things.

     

     

    Personally, it’s Daddy for me.

  20. Craigellachie10 on

    Crushed Nuts, I remember a top striker who was labeled a flop at Chelsea, He went on to bigger and better things……….. I think his name was Chris Sutton.

  21. When Wull You Fellahs..

     

     

    Get the Picture??

     

     

    “It’s Awe aboot The Money… Honey!”

     

     

    Ask yer Wife.. If Ye dinnae .. Get it.

     

     

    Kojo

     

     

    Still.. Laughin’

  22. TET

     

     

    If we need CL football ..which I agree we do

     

     

     

    Then I hope that PL &co will back the manager with cash …Lenny has made us a fortune this year …they need to give him some of the revenue generated from this season …..and NO shareholder dividends

  23. Clegg by name : Clegg by nature.

     

    If you and me perjured ourselves and perverted the course of justice, we be saying hello to Officer Dibble for many many years, and No One would care.

     

    No wonder Unkle Chunkles thinks Sevco is a hoot!

     

    Small taters, big mash-up.

     

    Lend us a shekel, Chunkles?

  24. RT

     

     

    My wife is a doc of the head, I have been asking her to write something for long enough about it, but her stock reply is…….they are wired differently, so no comparison to humanity is worthy.

     

     

    She is busy just now, but as my life has been consumed with their cheating, or the fact that they have been found to be cheating, she has relented a tad, and she will write something when she gets a bit of time, she hates them as much as I do.

     

     

    HH

  25. Ah demand…

     

     

    Neil, selects..

     

     

    Rami, and Tom Terrific, fur the Aberdeen Game..

     

     

    And..if he Diz that..

     

     

    Then.. That wull Mak me feel aloat Bettah..aboot the final Ootcome.

     

     

    Kojo

     

     

    Still.. Laughin.

     

    ‘And

     

     

    Good Evening. folks..

     

     

    See Ya.

  26. If the huns carry out their boycott there will be a collective sigh

     

    of relief from every wee toon in scotland.

  27. Shieldmuir Celtic on

    Scottish football (officialdom) is corrupt from top to bottom. Recent judgements and actions by our politicians, police and judiciary only verify that. Some time ago, I heard from a senior official of BoS that he could access the accounts of every football club in the U.K. bar one , No prizes for the answer but the clue lies in the initials R.F.C. – SURPRISE, SURPRISE! In recent years, decisions by courts, tribunals,judges, referees , etc appear to have let this club get off virtually ‘scot free’ and according to their ‘leader ‘ they are in a stronger financal position than any other club. Where does that leave us ? I can only hope that the club which I have supported for over 60 years, which was founded on the principle of helping the poor , will be able to stand up at all times for what is RIGHT – COME WHAT MAY!

     

    P.S. Why doesn’t Dunfermline do what Rangers did?

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