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. have a good evening bhoys and ghirls p.s. nephews 1st birthday today, walked into sisters house, wee man dressed in full celtic kit, A beautiful sight indeed.

     

     

    hail hail

  2. Izal toilet paper is like John Wayne,

     

    It’s rough it’s tough and it don’t take no sh#t. Lol.

     

     

    Hail! Hail!

  3. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    THE BOULD BHOYS

     

     

    Good to see you back-any sign of white smoke from the maternity ward yet?

  4. Steinreigned

     

     

    Indeed – “Who wants a league with colt teams in it?” he asked. “We’ve already got a colt team league.

     

     

    “This is all about Longmuir getting into bed with Rangers, and we will be rebelling against it.

     

     

    “People need to get a grip and accept that the 12-12-18 proposal is the best deal that’s been around Scottish football for 20 years – sign up to it and move on.

     

     

    “If we continue to try to cherry pick we’ll end up with nothing.”

     

     

    Turnbull Hutton

  5. !!Bada Bing!! on

    bazzabhoy-Broon named Neil as the only person responsible for the referees strike a couple of years back,I would say that’s enough for starters.HH

  6. Turnbull Hutton, ““This is all about Longmuir getting into bed with Rangers, and we will be rebelling against it.” via @mattelder_ffp

     

     

    Turnbull Hutton is the man.

  7. The Bould Bhoys on

    Bobby M

     

     

    Half way stage my friend. Found out a couple of weeks ago we’re having a bhoy. Fair to say, I was rather chuffed.

     

     

    Thanks for asking chief. HH

  8. Man in a suitcase 14:17

     

    Big ronnie was a good guy..saved my eyesight from getting worse after an incident playing on they contaminated pitches accross fae the county inn..now i’ve only got three eyes left..should be an inquiry…one turnbull hutton!!!

  9. Graham Spiers ‏@SpiersGraham

     

     

    @TomEnglishSport Did you read the email from #TicketUs ? Appears they are Greens backers Interesting what will happen when it gets out!

  10. A Ceiler Gonof Rust on

    I’ve just heard that the kilwinning assassins appeal has been rejected.

     

     

    Good, I hope they both get bummed sensless in the big hoose.

  11. Kelvinbhoy……. How ye doin big fella hope yer ma n da are in good health a take it your no 3 son m8 ! Lol ! Whits this like ! Across the road in 20 yards to the right got me lol ! Hail hail m8 ! Ps any chance getting me an EBT lol !

  12. Paul67 et al

     

     

    News just in! TRFC Inter manager Ali McCoist has demanded the names of the three Falklanders who voted to be ruled by Argentina in the weekend referendum.

     

    In an interview published in the Fray Bentos Herald was quoted thus:

     

     

    ” Those three, whoever they are, are banned sine die from Ibrox, and possibly even longer. I can guarantee you that not one of them is a member of our 500 million (No Argies) www, world wide web support. Nae chance. Those steak and kidney puddings going begging?”

  13. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    A CEILER GONOF RUST 1838

     

     

    Nae chance,as there’s nae chance of Trevor bending over to pick up soap. He would be breaking the habits of a lifetime,believe me….

  14. Tallybhoy

     

     

    Jim Leishman was a guest speaker at the CQN golf day back in 2009.

     

     

    He was excellent. He told the story you referred to earlier and it was along the line of his Celtic supporting brother asking him for a ticket for a cup game between Dunfermline and Celtic at Dunfermlne. He refused to give his brother a ticket saying he was only giving tickets to Pars supporters hence his brother doing what he did.

     

     

    His stories were brilliant and had us laughing our heads off. Mind you by then it wouldn’t have been hard:o)

     

     

    He does a lot of charity work in memory of his wife who sadly passed away some years ago. A genuinely nice guy to have a blether with.

  15. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    THE BOULD BHOYS

     

     

    Congrats to you and your better half on the progress so far.

     

     

    Might be due dangerously close to the 12th of July-be vigilant!!!!!

  16. The “serious ” debate on SSB is hilarious.

     

     

    Goal line technology, Strap a mobile phone to the bar.

  17. Great article Paul.

     

     

    My God Scottish football, the banks, media and other establishments are held together by a very special glue.

     

     

    I really do think that an independent, international inquiry is needed. The masons cannot be allowed to investigate themselves.

     

     

    Árd Macha

  18. BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS

     

     

    One of the boys in the Vogue was having a loud disagreement with other regulars

     

    regarding him being born in Donegal.

     

    His answer to problem was to bring in his passport and show it to disbelievers.

     

    Showing said document to all and sundrie,”noo do you believe me?”

     

    Voice fae the back”haud oan ,you were born on the 12th of July”

     

    Cue one big riddy ,he’s still getting ribbed about it.

  19. EDB

     

     

    Never met Jim Leishman – but he seems quite a character, and a genuinely nice guy.

     

     

    HH!!

  20. Spurs throwing it away in a classical fashion. Defoe is heavily over rated in EPL land. Not good enough at this level.

  21. Saturday 14th

     

    Again, another uneventful somewhat boring day. My weight is 58.25 kgs, and no medical complaints. I read the papers, which are full of trash.

     

    Tonight’s tea was pie and beans, and although hunger may fuel my imagination (it looked a powerful-sized meal), I don’t exaggerate: the beans were nearly falling off the plate. If I said this all the time to the lads, they would worry about me, but I’m all right.

     

    It was inviting (I’m human too) and I was glad to see it leave the cell. Never would I have touched it, but it was a starving nuisance. Ha! My God, if it had have attacked, I’d have fled.

     

    I was going to write about a few things I had in my head but they’ll wait. I am looking forward to the brief company of all the lads at Mass tomorrow. You never know when it could be the last time that you may ever see them again.

     

    I smoked some cigarettes today. We still defeat them in this sphere. If the Screws only knew the half of it; the ingenuity of the POW is something amazing. The worse the situation the greater the ingenuity. Someday it may all be revealed.

     

    On a personal note, Liam Og (the pseudonym for Bobby Sands’ Republican Movement contact on the outside), I just thought I’d take this opportunity tonight of saying to your good hard-working self that I admire you all out there and the unselfish work that you all do and have done in the past, not just for the H-Blocks and Armagh, but for the struggle in general.

     

    I have always taken a lesson from something that was told me by a sound man, that is, that everyone, Republican or otherwise, has his own particular part to play. No part is too great or too small, no one is too old or too young to do something.

     

    There is that much to be done that no select or small portion of people can do, only the greater mass of the Irish nation will ensure the achievement of the Socialist Republic, and that can only be done by hard work and sacrifice.

     

    So, mo chara, for what it’s worth, I would like to thank you all for what you have done and I hope many others follow your example, and I’m deeply proud to have known you all and prouder still to call you comrades and friends.

     

    On a closing note, I’ve noticed the Screws have been really slamming the cell doors today, in particular my own. Perhaps a good indication of the mentality of these people, always vindictive, always full of hate. I’m glad to say that I am not like that.

     

    Well, I must go to rest up as I found it tiring trying to comb my hair today after a bath.

     

    So venceremos, beidh bua againn eigin la eigin. Sealadaigh abu.

     

    (Translated, this reads as follows:)

     

    So venceremos, we will be victorious someday. Up the Provos.

     

     

    Bobby Sands

  22. toffeetim – those Glenn Hoddle perms never went out of fashion, did they!!! Yip, no.3 son and mum and dad are doing good for their age. Auld Ned was 84 last month. How’s your mum and the gang? Hail Hail

  23. Sad to hear about the plight of the pars. Like the people and the town.

     

    Hopefully the fans will end up with a club without masterston and

     

    yorkston.

     

     

    Spurs are indeed a one man team.

     

     

    Hail Hail

  24. Margaret McGill on

    Beware of the black smoke emanating from the SFA…..Ogilvie destroying the evidence. If its white smoke that would be Regan. If its dope. Doncaster.

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