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
- ...
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- ...
- 21
- »
….PFayr
I read something earlier that quoted Lenny as saying that PL would give him nothing if he asked for 10/12 mill if it was to reach 100 points in the spl.
Lenny knows he is on a hiding to nothing, he has reduced the wage budget, he has brought in players who will have a sell on value, not them all but some will make up for others, so John Park has done good, as have Lenny and his coaches.
But the bit I read earlier reckoned that he still needed a few bob to get into the CL group stages…..I wonder if PL will weigh in….we will see.
Lenny has asked for money, he reckons he needs it if we are to be guaranteed CL football.
Down to you PL.
roberttressell
22:46 on 14 March, 2013
I don’t know what union you represent but from what i have seen of late,the management are covering themselves through health & safety measures
Takin’ The HootsMon…..
Simples..!
These Enchanted Sceptred Isles Are FULL UP…..
So…
1/ No More Immigration From Outside EU
2/ Robust Restriction Of So-Called ‘Asylum Seekers’ Arriving On Our Sacred Soil….
They Must Be Returned To The First ‘Safe Country’ They Passed Through…
On Their Journey To Our ‘Welfare State Nirvana’…..
No More CherryPicking…..
Foreign Criminals Deported…
Melanie Philips As Leader Of New Government Of National Unity..
3/ Propose U.N. Motion To Designate Ireland As North European Hub For Stateless Peoples…..
We Cannot Allow All Those NewBuild Empty Housing Estates To Simply Fall Into Disrepair And Decay….
4/ Donegal Designated As ‘Penal Colony’ For Any Of The Newcomers Having Difficulty Integrating Into Ireland’s Enlightened “There’s A Welcome In The Parlour” Social Policy….
5/ OberSturmbanFuhrer ERNie Lynch Nominated To Oversee Discipline At StalagLuft Gweedore 67….
6/ Hauptman Kilbowie Kelt As Camp Entertainments Convener….
[That’s Enough For Now……..Ed ]
“A World Full Of Refugees”….
http://canadafreepress.com/index.php/article/53735.
Ain’t That The Truth……Virginia
PFayr
Thanks….working late tonight and missed the news….LOL
shieldmuir celtic
23:03 on 14 March, 2013
Their corruption has destroyed them, and that is ‘all to the good’….. God bless all their corrupt little souls …..and there’s more to come ……..LOL
In the sha-ade of the Foggy Dew…….night all …..!!
My mother in law lives in her cooncil hoose, she gets rent paid for her of late but for 30 odd years she paid it herself – tens of thousands of pounds in fact. She raised 5 kids in a tiny 3 bed house. She can’t work because of ill health. She lost he husband some years back.
She is still in that wee hoose. Sometimes some of her children and her grandchildren stay with her for a visit.
She wasn’t blessed with a great education, a large income or any great financial breaks in her life.
But at the stroke of a government pen she is going to have to lose what little income she has or try and find somewhere else to live.
40 years in the same house, 40 years building relationships in a community, 40 years of stability, raising a decent family all of whom work and contribute tax to the coffers, 40 years of keeping her kids fed and clothed on a shoestring budget. Things should be getting easier for her, but because she didn’t have the advantages of others she now faces being forced out of her community, not being able to enjoy the company of her family in her home.
It might not be life and death but it is wrong. It is immoral. It is the rich having no understanding of how the ordinary people live their lives.
So if the tiny minority of right wing half wits who post their drivel on here would care to tell me why she and others should be turfed out of their family HOMES – go right ahead.
#callousbarstewards
In the still of the night – the most beautiful doo – wop song ever.
If you don’t like this you have no soul
http://youtu.be/MRb1-SAAIzs
PLease like and love this
To quote my friend kikinthenakas corkcelt is as drunk as a pirate its taking me an age to make this post, God Bless Turnbull Hutton, Pope Francis the 1sy. Bobby Sands, Sean South & Neil Lennon, may Kojo & The Singing Dick get what they deserve. God Bless All and may the last hour be the hardest.
sipsini
23:04 on 14 March, 2013
roberttressell
22:46 on 14 March, 2013
I don’t know what union you represent but from what i have seen of late,the management are covering themselves through health & safety measures
==================================
I broke a bit of an unwritten rule of my own in mentioning and I don’t like divulging details of such things on this forum for a myriad of good reasons but the parallels of late have been so striking.
Each situation is different. The one I referred to would benefit from bosses considering the health and well being of their staff. They couldn’t give a damn. They’ll pay eventually. Too much said already
See me? See you? See us all? I thhink our Catholic Church did a wonderful thing by electing an Argentinian liberal Soldier of Christ as Il Pappa.
And the secular world pays scant attention to one of the century’s most momentous events.
Watch this spiritual space.
sipsini
We may well be many things, but paranoid, naw, that myth has been blown out of the water.
It will take guys like Auldheid to keep digging away at their base, people like Paul hits them in the coupon every day, some days harder than others, Phil Mac keeps niggling away as well, the internet bampots do their bit, by never letting go, they really have no hiding place…..but there is always abut, unless someone shows them up for what they are, and the likes of Alex Thomo has done his bit, they will get away with things.
Take minty, he should be in jail, if he was english, I would wager he would at least have had his Sir thing taken off him.
HH
Singing Det – why is it alright for white scottish people to emigrate for economic or social reasons to other nations but not eastern europeans, africans or asians to do the same?
Answers in braille to ‘none so blind as those who will not see’
Neo liberalism brought us the ‘global economy’. Now it’s cheer leaders are outraged that one of it’s outworkings is increased geographical mobility of people looking for work.
Go figure.
‘We’re the first ones to starve, the first ones to die,
The first ones in line for that pie in the sky,
But we’re always the last when the cream is shared out,
For the worker is working when the fat cat’s about’
Goodnight Comrades
Tressell ….
Why Our Elderly And Vulnerable Are Being Turfed Out Of Their Homes…..
Deliberate Labour Party Policy……
Under Which Between 2000-2007…
3.2 Million Third World Immigrants Were Admitted Into Britain….
As A Calculated Move To Alter The Demography….
To ‘Rub The Right’s Nose In Cultural Diversity’
And To Engineer A More Pro-Labour Voting Electorate…..
(See Andrew Neather Report)….
These People Have To Find Housing Somewhere…
And They Put Strain On Our State Resources And Infrastructure..Viz Schools ,NHS etc….
Labour Has Betrayed Our Nation’s Working Class,The Vulnerable…
And The Elderly……
After Inheriting A Booming Economy In 1997…..
Their Disastrous Economic Policies And Financial Deregulation ….
Have Bankrupted Us….
And They Lead Us Into A Succession Of Disastrous Foreign Wars…….
Which Will Ultimately Destroy The Very Stability Of Our Dear Country…
They Have Put This Country On ‘The Liverpool Terminal Care Pathway’….
Hmmmm…….
Corkcelt
Agree with you sentiment…..drunk as a pirate masel…..
R T
They dont make mammies like your mammy and my mammy(long gone but still miss her) any more.
I think you meant callous bastards??
I see Pope Francis the 1st supports the Falklands being returned to Argentina. Gonn ursel Franny Bhoy!!!!
Night all. HaiL HaiL
https://www.youtube.com/watch?v=BEKTIFHsBP0
Shieldmuir Celtic
23:03 on
14 March, 2013
and according to their ‘leader ‘ they are in a stronger financal position than any other club. Where does that leave us ?
———————
Charlie would give his granny’s eye teeth to be in Celtic’s position.
Without the one off share income they would be facing administration this season. Without taking cost cutting action and raising ticket prices and postponing Ibrox maintenance they face it next. The money will run out before they get back into the top tier as leagues stand.
roberttressell.
No prob.hh
THE EXILED TIM
22:57 on
14 March, 2013
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.
——————-
I look forward to exploring my theory with her over that beer that it is the lack of absolution compared to the Catholic tradition of confession, contrition AND absolution that makes the admission of wrongdoing well nigh impossible. for the tradition from which it is missing.
Absolution is a guilt killer, remove it and the only way to avoid guilt is to tell oneself nothing wrong ever took place.
For ma auld Maw miss you.
Tet.
Totally agree with what you wrote.
I just don’t trust them and i see a smugnes from some that will be in the know.
Hopefully I’m wrong but after the rtc and the lns i feel thems will get the jump.
Here’s hoping they go bust again before the helping hand can save thems.
I Have Never Had A Problem With Migration Within The E.U.
We Signed Up For The Project…..
So,Until Such Times As We Leave The EU..
We Must Abide By The Terms Of Union..
However,We Should Not Have Admitted Migrants From The First Tranche Of Eastern European Accession States,Earlier Than Other Western States…..
Nevertheless,The Poles ,In Particular,Have Made A Large Contribution To The Economic Health Of Our Country….
And These Latest Waves From The ‘Land Of The Black Madonna’…
Have Integrated Seamlessly Into Our Society…..
As Had Earlier Generations In The ’40s..
And Made A Huge Positive Contribution To Our Vibrant Society….
A Breath Of Fresh Air…..
I Tend To Liken Them Those Mythical Irishmen-With-Brains…….
But Without The HUGE Chip On The Shoulder….
However,When Miliband/Labour Bring Up The Subject Of Immigration…..
They Quickly Make Clear That They Are Referring Specifically To East European Immigration…..ALONE..
A Shameful Deception..
As During The Last Calamitous Labour Administration…..
Fully 80% Of Immigrants Came From The Third World…..
So….There’s A Shortage Of Affordable Housing In Britain….
What A Surprise…..!
Who Knows The REAL Population Of Our Isles….
Forget…62Million…..
Is It 70M…..? 75M..Probably Nearer The Mark…..
So Ernie Lynch’s Favourite Comedian.,Stuart Lee…Of “Jerry Springer: The Opera” Notoriety…
Makes Jokes About ‘White Flight’ From Greater London….
Echoing Them Phenomena In The US….
Well, Between 2004 And 2012,,….
The Number Of Self-Identifying White British Who Moved Out Of London….
To Settle Elsewhere In Britain…….
Was 240,000……
Equivalent To The Population Of Greater Glescae…..
And They Have To Live Somewhere….
So Forget About The Notion Of Having Spare Rooms….
You Labour Lackeys…….
And The Marxist Trade Union One-Worlders….
Have Brought This Disaster Upon Us…
Meanwhile,The Brightest And Best Skilled Of Our Youth……
Seeing Our Sceptred Isles Heading For Economic And Social Armageddon..
Are Cherry-picked By Australia And Canada…..
And Even Then ,Can Only Emigrate…
At Great Personal Financial Expense
http://www.express.co.uk/comment/columnists/leo-mckinstry/310478/This-rising-tide-of-mass-immigration-must-be-stopped
Still…..Laughin
Wonder if a Muslim stole his girlfriend from him.
RRC,
Must have been something I said..lol.
TET,
That would explain a lot,I can sleep easy now..(or maybe not)
;)
Fred C I give you
http://www.youtube.com/watch?v=4Skg36SrAG4
Fred, I should have added that me auld Maw from Dundalk just loved that!
BMCUWP & FFM
I’ll probably be off to bed in the next couple of hours but the track from the email.
http://www.youtube.com/watch?v=LUGl9SdSET0
It’s a stoatir.
emeraldbee\o/ proud to be an internet bampot
00:41 on
I reckon you are psychic.
I was about to post amazing grace to Fred c. in memory of my ma.hh
Sipsinbi
And my maw wisnae even called Grace. She was JUST an amazing wummin that brought me up proper! And appreciated the struggles that her family went through!
‘crushed nuts?’ ‘Naw, Layringitis!’ 22:43 on 14 March, 2013
Hobby = jobby!
……………………………………..
Mind yer f**king language pal, this is cqn and jobby is a banned word:-)
psalm 23
not psalm 83
:D
There Are Proud,Upstanding…..
And Devout Catholic Gentlemen….
Like Leo McKinstry………
Who Are Prepared To Stick Their Head Above The Parapet…..
And Tell The Truth About What Ails Our Enchanted Sceptred Isles……
Then There Are Treacherous Fifth Column Marxist Lickspittles….
Like Oor Very Own ‘Ena Sharples’…
Some Collected Articles By Leo McKinstry….For Our Overseas Bhoys..
http://journalisted.com/leo-mckinstry?allarticles=yes
His Integrity Just Shines Through…..
Like A Searchlight Through Ghostly,Swirling Banks Of Fog
emeraldbee\o/ proud to be an internet bampot…
Mines was, and what a special person she was.
You only get one ma and that will be the same for everyone.
Marxist???
Some people should have gone to specsavers.
You are the BNP agent for Scotland (and its total membership) and I claim my £5
The Boy Jinky @ 19.48. That is sweet bro. I remember that well as I was behind our goal when it happened. It was ironic that that ball deflected aff the only arse that was bigger than boruc’s in world football. I think we lost the first to a cheated dive by a wee ratbag too.
Probably a hunnish ref that night. We’ll never get used to that.