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
- ...
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- ...
- 21
- »
Fred C. Dobbs
00:17 on 15 March, 2013
For ma auld Maw miss you.
_______________________________
St Pats pupils were “indoctrinated” with this Wonderful song……… by the terribly misinterpreted Mr Handyside. I wish I was a better person back then. I appreciate everything he taught us now. I just wish I had listened harder now.
http://www.youtube.com/watch?v=FKCnHWas3HQ
Fred, our Finest days are just up the road and that may not even mean winning things, in fact, it may mean rejoicing in losing things.
How good an example are we setting in that process?
setting free the bears
22:35 on 14 March, 2013
Does that lad have a get out clause? ;))
petec
We complain about the soft goals our inexpenive defence has conceded.
I have seen Spurs tonight embarrassed by long balls out of defence. I saw it happen to Bayern last night.
But that ball from the Senegalese defender in the SA league was the best I’ve seen and he truly meant it.
Good night CQN
The word on the street is that the new huns can win their diddy fourth tier title when they visit Montrose in a couple of weeks.
The Angus Goat Protection League will be prepared for the onslaught of the goat molesting horde. The Gable Endies will probably pump their team cockeyed on the plastic pitch as well.
Hail Hail the AGPL
setting free the bears
As Uly says
“The inches we need are everywhere”.
He mean’t it alright, no-one would have tried that unless they done it already. It was a top clip and Thanks for posting it.
Whiskey auction coming soon……………………………………for wee Oscar, dig deep.
Hail Hail Celtic men n wummin.
Moon howling aint what it used to be.
Hooooooooooooooooooooooooooooooooooowwwwwwwwwwwwwwwwwww.
Getyerdoshoot.com
Single Malt, Bowmore “Three Elements”,
Bottle No. 001 of 249
Single cask, cask strength 59.4%
Rare as a hun with a happy face.
You know you want it. Get your cash raedy for the wee hero.
Celtic Rollercoaster has it. Start the bidding.
Is it safe yet? … I think not!
Put another log on the fire for me, as the late great David Bowie used to say.
Whit, he’s still alive?
Clancy brothers and Robbie O’Connell, makes a beautiful song of the hell of WW I.
Hail Hail Robbie and the Anzacs.
Ha ha, and here’s the link
http://www.youtube.com/watch?v=s4sp4ks2XDg&NR=1&feature=endscreen
Nice……………………………………………
16 roads, if you read back after your shift bud, I need your addy or I cant send you your package.
Hail Hail the Glorious Green Brigade
I give up.
Hail Hail
A Ceiler Gonof Rust
Hail Hail
Genesis2Revelation.
I could post a lot but this is the most important at this time.
http://www.youtube.com/watch?v=NbbBe9EKyPY
Nah I mean’t this……
http://www.youtube.com/watch?v=HOtpfansXqg
Whiskeybreath.com brings you……………………..The Tubes, before they owned a motorbike.
http://www.youtube.com/watch?v=749id7dcYTI
Good, and a sign of greatness to come.
Petec, god stuff. You know how to get round me:-)
Get your money out for the 3E 001 bottle auction buddy. I must warn you you’re up against BobbyM for the prize +++ a few silent drammers.
Bid high buddy. All proceeds go directly to the wee oscar fund.
CRC will be in charge of the bidding, if he sobers up.
A Ceiler Gonof Rust
02:30 on 15 March, 2013
Petec, god stuff. You know how to get round me:-)
Get your money out for the 3E 001 bottle auction buddy. I must warn you you’re up against BobbyM for the prize +++ a few silent drammers.
Bid high buddy. All proceeds go directly to the wee oscar fund.
CRC will be in charge of the bidding, if he sobers up.
____________________________________________
Money is nothing.
Prayer is where it is really at. ;))
A Ceiler Gonof Rust
I will be buying you a good few Whiskey’s in a few weeks.
Petec, I’m not big on they praying front but I’ll happily dram with you bud.
I’d rather raise more money to help medical science help the bhoy. You pray though and I’ll never count you out. We all work in different ways.
H2 Bruv
Hubba ding, and a…………………
http://www.youtube.com/watch?v=cE6wxDqdOV0
Ride
Good luck to all the cyclists and nutters over the weekend. Especially Jungle Jim. I hope he comes back in one piece, hes still got ma hip flask. Plus the ald bassa owes me another game of sclaffbaw, plus (;_)
JJ, watch yer back and ride safely.
Let the free birds fly.
How you doing ACGR?
Great ACGR, How you doing?
Aye, no bad bruv, but I fink ahm goin roon the bend, I keep talking to masel.
ACGR, shut it ya dick.
Aye, ok.
HAW
googybhoy ♥ celtic
17:42 on
14 March, 2013
vmhan
17:16 on 14 March, 2013
Afternoon Celts.
I need to mention this as its troubling me somewhat, when did we stop chucking toilet rolls onto the park? And why
@@@@@@@
This ritual died out in the 70s due to the following:
Energy rationing (three day week,OPEC, tanker drivers’ strike) meant that there was a massive reduction in production of pulp products such as paper. This in turn created a shortage of bog roll and a significant increase in price (there was rationing at one point!)
Consequently, woe betide anyone caught nicking the family roll!
A Ceiler Gonof Rust
Yer just being brave and showing bravado.
That willnae dae nothing fur ye.
Look at these WORLD Leaders and what they watch.
http://www.youtube.com/watch?v=95oBuHZRs00 , I hope you watched that sensational pony prior to the link.
I’m happy that the Sunny New Pope will “DEAL” with Secularism but I KNOW that I will be Killed for my belief that the Bible is Literal, that is very hard to believe unless you know the Bible.
The Alliance of Civillizations purpose is to marginalise Fundamentalists (All SIDES) with IMO, the only real TARGET — FUNDAMENTALELIST AND BIBLE beleiving Christians.
http://www.youtube.com/watch?v=1a3KZnduW2k
Morning people – getting ready for the ride from Leeds to Belfast. Tonight’s stopover is Blackburn approx 72 miles away along the canal.
I will try to post occasional updates on twitter for anyone interested @tomtheleedstim
A feckin bag of nerves this morning – I hope someone smiles on us today.
http://en.wikipedia.org/wiki/Great_Famine_(Ireland)
We all know this : it is in our collective d.n.a.
And still the ghoulish and expired perpetrators of this genocide woukd continue to inflict this upon us.
But they cannot. They will not. They are gone; we are all atill here to bear witness.
I know nothing of nothing in this life except bearing witness.
And I shall return to Eire….to the land of green and golden smoky peace.
Our present troubles, too, will pass.
And we will remain, in the consciousness of our historyand our lyrical poetry and song.
“Secrets, silent, stony sit in the dark palaces of both our hearts: secrets weary of their tyranny: tyrants willing to be dethroned.”
(JAMES JOYCE, Ulysses)
And so I wander in the comfort of my home: witness.
But hopefully not witless.
God bless your sleep tonight, John.
All the way from Joyce to Welsh.
Witnesses all to the diaspora.
acgr…..me old Coia’s mucker! How’s it hangin’? On a clothes-peg I hope……….
: > ))
tomtheleedstim
Good luck this weekend with the cycle and to all who cycle for Wee Oscar
I would have been there at Belfast but i will be away this weekend, 5 day break prevents me
You all certainly deserve someone smiling down, there will be
Good wishes to all and safe journey
On yer bikes…..get set……GO!
Ye’ll all dae fine.
KTF!
We do, who can but observe and cheer on!
Hail! Hail! Bhoys and Ghirls. Fair play to yez aw!
Fae miki67. Fenian.
“Tongs Ya Bass.”
If you can spot this reference in one of the Matt McGinn photies, then massive cyber pint to you !!
http://www.youtube.com/watch?v=JbmME_MHUFk
ACGR @ 01:58 Hehhh, ffs, never question the moon howlin if you want to remain part of this elusive, yet open-to-all clique :))
Love and many hail hails to all ! (except ntsalooloo) :))
Pedro/ gerald766,
Just skimmed this page, so apols if I’m out of context – but I think you’ll both agree, parents maketh the mhan :))
HH to you both.
tomtheleedstim:
>>>>>>>
much power tae yer legs etc.,. may they all fire like Rolls Royce engines.
Go on,my lhad, go on!!!
Hail! Hail!