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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VOGUEPUNTER
But for my Dad being on the ball,I would have been too!
Ten blinkin’ minutes to spare.
My Papa used to tell me all those bands in Kilwinning were playing just for my birthday……
Bada Bing
Im with you
auld paw broon singing the BBs doon the phone to his girlfriend,
BUT IT WAS ONLY BANTER, ANNNNNNNNNND KNUCKLE RUBBING on his way into fir park,
Fitba will be well rid of him but he will probably get Longmuirs job when he gets the Sevco gig :))
“This is all about Longmuir getting into bed with Rangers, and we will be rebelling against it.”
Turnbull hits Longmuir right between the eyes…
Good enough for Hymn
3 nil
Kelvinbhoy
are you a kelly?…oh inter 3:0up..spurs throwin it away
Fifteen minutes to go and 3-0 Inter.
Next goal’s the winner!!!!!!!!!
3-0 ,3-3 on agg
Game well and truly on
OG Gallas….Spurs are in big trouble, all of their own making.
It does look like they are a one man team.
3-0 Inter. EPL greatest League in the world. lol!
!!bada bing!!
18:07 on
14 March, 2013
Fair enough mate. Every time I’ve heard brown speak about Lenny he has been fulsome in his praise.
Brown has also been the best scottish manager in the last 20 years.
Can you believe we once qualified for a World Cup. Kudos to him for that in my book.
God bless Turnbull Hutton. First man with 2 surnames I’ve ever trusted.
I don’t bet on football but if I did, I would have put money on Inter
Pope on his first day: “Lets be Frank”
bazzabhoy-A sleekit Mason of the lowest order.HH
Referee takes out Inter playmaker.
Tommysbhoy- no. Hughes is my surname.
how sweet was that free kick hitting william gallas and ending up in his own net
who remembers the arsenal free kick hitting him in the @rse and deflecting past thg
Ghuys…told about a phone/tablet app tonight. fotmob…….brilliant….live score updates for EVERY game in the world…..yesterday’s results…tomorrows fixtures…..favourites…the lot…download it now….it’s terrific …
But ,but…. Bales the new Ronaldo!!
#greatestleagueintheworld
@Finbar via twitter.
Why can Turnbull Hutton tell it like it is but peter lawwell says nothing about the corruption all around scottish football?Grow a set peter
Kelvinbhoy … All good m8 I trust you n yer wee family are all good ! Still going to the cilles big fella ? Havnt Bumpt into for a while at CP pal. Please send my best wishes to E D G and both yer oldies m8 ! Need to catch up soon ! Ps that sis o mine is coming in Aug so il try and get a wee gathering sorted with some of the old guard ! God Bless m8 Hail Hail !
Zanetti……..What a player!
Evening all
Having a break from the fitba tonight and am watching TOTP. Blondie singing Denis followed by Andy Cameron singing Ally’s Tartan Army. From the sublime to the ridiculous is but a short step to misquote somebody.
Jimbo
jimbo
i used to have the seven debbie harry pics on my bedroom walls… my wife wasnt impressed
spurs v inters a cwacker btw .. extra time now
31003
Good shout…..now installed
JIMBO67
Blondie?
The wee grey outfit in this video didnae leave much to the imagination…..
http://www.youtube.com/watch?v=WGU_4-5RaxU
#Twitition Appeal to UEFA and FIFA to investigate the running of Scottish Football. http://t.co/EeaPidoKa6
Do away goals count double in extra-time?
Bobby M
That cannot and Will Not happen. :)
Due date is the 9th so we’re cutting it fine! I’ve heard bushes are
VALE BHOY
Yes
vale bhoy
YES
ale bhoy
19:59 on
14 March, 2013
Do away goals count double in extra-time
Yes they do though rather unfairly in my view.
The Boy Jinky
Aye she was quite nice old Deb. Sure I’ve still got a few of my old pics . Unfortunately I can remember who Andy Cameron was -and is – as well.
So I gather. Turned over during Tina Charles to see the third goal. That’s in the Vidar Riseth up at Mcdiarmid Park class
Jimbo
Ta.
For some of you auld yins
I’m currently at the Manchester RITZ ballroom watching …..
….. EDDIE “tenpole” TUDOR!!! Warming up for STIFF LITTLE FINGERS…. It’s all a lot more casual and relaxed than I remember it back in 1981 …. Lol
THE BOULD BHOYS
I’ll keep my fingers crossed for all three of you!
Oops
I’ve heard currys help induce labour. He it gets that close I’ll be feeding her vindaloos and probably get her to finish decorating his room. Which will still be waiting to get done!
:)