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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toffeetim – still going to see the bhoys, now with young Ben who has had a season ticket for past two seasons and is now in P5 at St Leonard’s – God that makes me feel auld!!!. In Chapmans after most matches so feel free to pop in – would be good to catch up. Take care…J
Good start Alec…
He-If
Duh
Spurs score
Spurs score,Inter need two….
addy buyer….
THE BOULD BHOYS
My mate told his missus that sex induces labour……
BMCUW
It’ll have to be left to my imagination as the clip won’t load!
Jimbo
Kelvinbhoy
well i think you know me…443 d thers a clue lol
bsr
Zanetti is 39 – the fittest player in the Inter side.
He’s a year younger than the manager.
HH!!
JIMBO67
381 views since I posted it!
jimbo
the first milf that i can remember….
Said it before and, like many on this site, will say it again.
The leadership, integrity and sheer guts, Turnbull Hutton displays puts many at our club to shame.
I so admire that man and wish nothing but good luck to Raith Rovers in the future.
I’m sure, in Timland, I’m not alone.
Beglin is a complete and utter twat!
No surprise there!
HH!!
BMCUW
Was it the Heart of Glass vid?
Jimbo
Tallybhoy
Totally agree.
BMCUW
For gentleman of a certain age on this site – Debbie Harry is indeed the face that launched a thousand wa……oh, my teas ready.
tommysbhoy – missing you this season mate. Place is very quiet now you are not about – lol. Hope to see you back soon. Hail Hail
The Boy Jinky
Enough of that coarse talk , this is s family blog!
Jimbo
PS Agree though
I’ll see what she says but she’ll have enough on her plate with the decorating n’all :)
Debbie Harry is 67 ffs!
Some mistake shirley?!
HH!!
Kelvinbhoy
Peter fae stirling took my seat ..as celtic cocked up his and the bhoys..told him work was priority this season…still making it to most home games..north stand upper thanks to one of the bhoys from the Renton cfc..will hopefuly be there sat. I’l pop round an c yous h.h
Sat next to Debbie Harry at breakfast a few of years ago at the Clarion Hotel, Cork. Truly my claim to fame.
Tommysbhoy – c u then.
Why do away goals still apply in extra time? Doesn’t seem right!
T4
what chanel for the spurs game please?
Debbie Harry says in her Biography ,she will never go back to Cork
as some geezer was giving her the boak as she was trying to eat her brekkie.
goldstar10
I have stayed at the Clarion Hotel at Dublin Airport a couple of times – never saw anyone famous.
HH!!
notthebus
ITV4 virgin 118
Cmon Inter!
HH!!
Debi Harry……..simply magnificent.
jimbo
shirley me calling her a mother in law forever is family friendly…
i think that boy cassano is some player
VP- So she DID notice me!!
.
MacJay et al..
CelticCamper Departing Byron Estimated 8am.. If I Kin Get The Ghirls Up Oot and this Feckin Duck Oot the Tent..
:-)
Estimated time of Arrival in Coogee.. Late..
Feck 2 Things that Look like Vultures have Just Stole the Ghirls Bread..
Carry On Camping R Us..
Summa of FawltyTentsCSC
The Pars Community
@ThePars1885
Bob Garmory of DAFC Steering Group update – Gavin Masterton has agreed to give up control at DAFC
goldstar10
It was the tongue on the table cloth what done it :O)
DH singing Denis Denis on TOTP, wearing long shirt and thigh boots….and getting told not to sit so close to the TV…! Nostalgia!
T4
Arise , Sir Turnbull. Man of principle and integrity.
The Boy Jinky
That’s what I meant!
Jimbo