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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796 Comments

  1. BMCUW

     

     

    I love her dearly – even although she was born in Paisley, and the fact that her father is a Sassenach from Gloucester!

     

     

    Did I ever tell you that her ex-best pal had a brief fling with ‘the beast’ Souness shortly after he joined the huns?! The same woman who was involved in the John Martyn ‘incident!’.

     

     

    HH!!

     

     

    lifesrichtapestryCSC

  2. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    See,there you do,Kev.

     

     

    Canny help yerself. Since you’ve never met me,explain the use if the word “FACT”

     

     

    One you’ve done that,feel free to tie that in with all the other ad hominems on me.

     

     

    I doubt you’ll succeed any better than you have succeeded in convincing us that you know more than the square root of sod all with your performance again.

     

     

    Are you here all week?

  3. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    TALLYBHOY

     

     

    No,but do me a favour.

     

     

    Tell me the story,but NEVER introduce me to the femme fatale in question!

  4. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    VOGUEPUNTER 1302

     

     

    I was beginning to think you were his runner!

  5. Kevj I am just behind and to the right ( as you look down at it) of the away dugout row 12.

     

    A the Liverpool game, I was high up in the Lisbon Lions stand and as you say one of the best Euro nights ever. The YNWA was incredible with old Gerry acting as bandmaster on the field. Great memories. I also won a competition for goal of the season (BBJ Hartson) that year, and got a place at the dinner prior to Seville. Brilliant night. HH

  6. South Of Tunis on

    Tallybhoy @ 12 43 .

     

     

    bunga bunga ——

     

     

    I went to visit someone in the hospital at Siracusa .

     

     

    I shared a lift with 2 gabbing female medics —–

     

     

    One said —— I see Berlusconi can’t go to court because he has Bilateral Uveitis. Syphilis can cause that .

     

     

    The other replied —— so can eye make up. .

     

     

    Things you learn-

  7. British news tends to portray Silvio Berlusconi as a sort of second lead in a Carry on film, but I’m afraid that there’s more to him than being a cut-price Sid James. He’s being charged with bribing MPs to bring down a previous government, amongst other things. Since the Italian elections, the one contribution of his party has been a demonstration of his MPs against efforts to convict Berlusconi on corruption charges (let me be clear about this – Italy has severe political problems, but the one thing on their mind is keeping Silvio out of jail – which is in fact the whole point of his political involvement).

  8. 31103 – used to work with a guy (main stand season book holder) who came out with such classics as –

     

     

    Keep an eye out for my phone…

     

     

    (when Celtic were still involved in 3 competitions) I’m worried that Martin’s got all his chickens in 1 basket…

     

     

    (when feeling a bit fed up…) I feel like going and sticking my head under a bridge!

     

     

    By fluke or by crook…

     

     

    The poor wee boy was as white as a goose…

     

     

    He’s squeakier than clean…

     

     

    We might find ourselves in soapy water…

     

     

    But Mrs Baldie still came out with my favourite ever when giving directions to a very well to do woman – go straight up that hill and then turn shight (sharp right!)

     

     

    Happy Friday!

     

     

    Jobo

  9. Gretnabhoy

     

     

    13:05 on 15 March, 2013

     

    ________________________________________________

     

    The times you mention were equally brilliant but

     

    you’ve got the wrong game.

     

    I was talking about the L/pool game in the – Wim season.

     

    For the L/pool game in the MON season I had moved to

     

    the – Jock Stein lower.

     

    Two brilliant times to be a Tim. imo

     

    HH

  10. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    I know enough not to post details on here which identify you as the type of choob who runs down our club for the benefit of an organisation which hates us.

     

     

    The Daily Record.

     

     

    And which also prints your name and location.

     

     

    And I also know not to come on here and brag about it.

     

     

    As a matter of fact,I know a number of things. Possibly so do you.

     

     

    In general,though,I have learned from them.

  11. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    VOGUEPUNTER

     

     

    I don’t mind so much when he’s built like a brick outhouse-a multistorey one at that.

     

     

    I could rationalise that,mibbe…….

  12. Geordie Munro on

    Bobby, are you suggesting he’s that tadger from new Stevenson that constantly runs down Celtic?

     

     

    Similar thoughts have crossed my mind.

  13. bobby murdoch’s curled-up winklepickers

     

     

    13:14

     

     

    Concentrate on the podium…you can only hit the crossbar soooo many times ;-)))

  14. Silvio Berlusconi decided to enter politics and set up a political party/movement with the aim of getting himself – and like-minded others – parliamentary immunity at some stage in the future against the possibility of having criminal charges brought against them.

     

     

    This is a man who – in a previous incarnation – was a crooner aboard cruise liners.

     

     

    In the 1970s he aligned himself with the Socialist Party leader – and future Prime Minister – Bettino Craxi, whose political influence and patronage was able to give Silvio a shove up the ladder. Within a few years he had bought (AC) Milan and was the owner of the largest private TV network in Italy.

     

     

    By 1994 he was the Italian PM.

     

     

    HH!!

  15. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    GEORDIE MUNRO

     

     

    If it’s the fella that comes on here bragging about it then shouts foul,running to his,erm,granny,when someone points it out……

     

     

    Well,could well be the same tadger!

  16. a hush descends on the blog as the podium hunters approach their quarry……………

  17. BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS

     

     

    13:12 on 15 March, 2013

     

    ______________________________________________

     

    I post the same stuff on here as I do on the DR.

     

    Which begs the question – what’s yer point ?

     

    Here’s the thing…you came on here one Saturday morn

     

    and tried to offer me up as some sort of sacrifice to one

     

    of the wee clique’s that you must be part of or – yer vulnerable.imo

     

    You attempted to bring me down – hoping that I’d never return.

     

    But the thing is…you’re no the 1st to try although I commend your

     

    effort – like most of your heroes attempts at goal – you hit the post.

     

    But, in spite of all of that…the next time I see ye…I would buy you a

     

    pint. Maybe – things considered – ye widny deserve a pint but, that’s

     

    not my bag. Yer a Celtic Supporter in my eye’s but as my hereo

     

    Gerry McNee used to say about the – Kelly’s n White’s…..”I wouldn’t

     

    like to be going for the last life-belt wi ye !!! :O)))

     

    HH

  18. How come a man who doesn’t wash or even change his trousers for 3 months can pull all the young women?

     

     

    I’m obviously too clean. :-)

  19. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    SIPSINI

     

     

    Good advice,but PHILVISRETURNS,that dastardly foiler of a dream come true for a working class lad-am I really the only person who remembers the Dryboroughs advert-may be lurking……..

  20. South Of Tunis on

    Apricale @ 13 08 .

     

     

    Indeed ! .

     

     

    Heard someone on the radio claiming that Silvio has spent @ 175 million euros on legal fees.

     

     

    False testimony .

     

    Mafia association .

     

    Bribery .

     

    Illegal financing .

     

    False accounting [several times ]

     

    Bribing a judge

     

    Corrupting a judge.

     

    Embezzlement .

     

    Insider dealing .

     

    Tax fraud .

     

    Corrupting a minor ./ under age prostitution

     

    Bribing a politician ..

     

    Etc etc

     

     

    Very much doubt he’ll ever go to jail.

     

     

    Very wet , very windy ,very cold ,very horrible , way down south.

  21. Lads,

     

     

    for those in the Cheltenham naps compy… amended table going into the last day :

     

     

    CQN USERNAME Day 1 Day 2 Day 3 Bal

     

    Cathal…………… 47.89 16.25 34.50 98.64

     

    Bada Bing………… 10.53 29.50 53.50 93.53

     

    MHARK67………… 46.26 43.50 0.00 89.76

     

    Valentine’s Day…. 37.89 25.50 18.50 81.89

     

    fleagle1888………. 48.53 20.25 10.00 78.78

     

    Algarvian………… 31.26 25.50 18.50 75.26

     

    Bhoy from Village..18.53 25.50 18.50 62.53

     

    Doctor Whatfor….. 37.89 3.00 8.00 48.89

     

    LiviBhoy…………. 26.26 16.25 0.00 42.51

     

    voguepunter……….. 5.00 16.25 16.50 37.75

     

    cavansam……….. 36.26 0.00 0.00 36.26

     

    bobbymurdoch’sW.15.00 8.00 0.00 23.00

     

    tomtheleedstim….. 20.53 0.00 0.00 20.53

     

    twists n turns………16.53 0.00 0.00 16.53

     

    Sixteen roads…….. 14.63 0.00 0.00 14.63

     

     

    Cheers, fleagle1888

  22. KevJungle – “…the game is over – the seats are awe empty!”…

     

    13:27 on 15 March, 2013 ,

     

     

    Thank god there were nae typo’s in that post :-)

  23. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    kev

     

     

    My last word on this-you were pissing everyone off that night,wouldnae clear off. Now,it’s allowed,it’s a blog.

     

     

    I c&p FROM THE RAG YOU CONTRIBUTE TO thinking it might shut you up.

     

     

    I really should have known better,in future I’ll take the advice of others and just ignore you.

     

     

    You love Keevins and Mc Nee more than Celtic. Your choice. We have tried to educate you clear of the errors of your ways.

     

     

    Me?

     

     

    I give up………

  24. BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS

     

     

    13:33 on 15 March, 2013

     

    _______________________________________________

     

    Aye – Sure.

     

    You just keep running wi the craws.

     

    And we all know what happened to the craws…

     

    Keep scrolling past…protected by yer clique.

     

     

    Lone Wolf McQuade – CSC

     

     

    Hooooowwwwwwoooooooooooeeeelllllllll