Belief structure of the debt lunatics

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The wisdom of Hearts owner Ann Budge’s comments to the BBC that “Borrowing money for a particular capital programme you can understand, but running up debts that are prevalent in football is beyond my understanding really” is now, in 2014, surely beyond dispute.

Clubs are at liberty to borrow for infrastructure, or in exceptional circumstances, but in the normal course of business, borrowing for football costs should limited to covering the short-term fluctuations in cash-flow.

This thinking was orthodoxy until Sir David Murray led Scottish football by the nose into a spiral of debt accumulation.  The Murray Gospel found many converts among us, those who spoke against it were hounded as heretics.  Debt accumulation was the new crusade, the promised land could be reached with just one more brave act, apparently.

Suggesting this was self-harming nonsense to adherents who had supported a debt-fuelled battle for years attacked a fundamental pillar of their belief system.  Reactions were seldom considered.

It’s in this light we should consider the real lunatics.  Those who encouraged a business model which ended in liquidation, only to come back to the table demanding a fledgling incorporation ‘act like a big club’.  There’s a fair amount of research suggesting humans are hard-wired for religiosity.  We search for something to believe in, then stick with it as best we can.  If you have grown to believe that one more outrageous act will deliver European glory, a good harvest or a rain cloud, part of you will buy into it.

Stewart Regan’s “concern for the Scottish game” at newco Rangers financial position will be genuine, although the “Armageddon” merchant from the SFL has long left the scene.  He notes, “Rangers have got a strong economic impact, not just for Glasgow, but for Scotland generally”.  Well, oldco sure had an economic impact, on the public purse and several hundred creditors.  Mr Regan’s words should be a warning.

This morning Rangers International served notice that their AGM would take place on 22 December, just days within the permitted time period.  Accounts are normally issued with this notice, but for some reason, they were not on this occasion.  They are required 21 days before the meeting (i.e. within days); I’ve no idea what to expect, but it’s sure to be a quintessential Rangers document.

Some great offers on Celtic books and DVDs at CQNBookstore, a name already telling only part of the story!

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740 Comments

  1. In the first game against Salzburg I thought they showed they were a good attacking team but they give you chances at the back.

     

     

    Another draw in this game is likely but hopefully there is a crowd at this game which get Celtic over the line.

     

     

    That farce in Romania otherwise will come back to put us out.

     

     

    I cannot see us winning in Zagreb if we need to and if Astra don’t take something in that game we are in bother if we don’t win.

  2. Slabhoy - Duntocher is Green and White on

    Sixtaeseven

     

     

    Game is on tv tonight – BT Sport 1 / BT Sport 1 HD

     

     

    3-2 the ‘tic

     

     

    HH

  3. estadio

     

     

    06:37 on 27 November, 2014Rip Phillip Hughes. His death at 25 today should resonate with Celtic supporters in an echo of John Thomson.Great sympathy also for the lad Sean Abbott who bowled the ball.Sam English was decimated by what had happened to Johnny. May Sean have the strength and support to live long and fruitfully.Hail hail

     

     

    good post,with all the money that’s in cricket these days,the helmets should be ball proof.Feel sorry for the bowler involved.

  4. Estadio @ 0823,

     

     

    Los Zetas, are they not the cartel who effectively bought most of the Mexican Special Forces to act as their enforcers?

     

    Seem to recall reading that somewhere. Basically went to their CO and told him to name his and his soldiers price. Think he KO’d it (and paid the usual price for his refusal) but his next in command didnt and neither did most of his troops.

     

    Los Zetas control the regions that straddle the border with Texas and New Mexico amongst others.

     

     

    Mexico is one effed up country.

     

     

    HAIL! HAIL!

     

    Token

  5. Morning

     

     

    Sean Thornton, to your brother and one Mick to another, best wishes and God Bless, in my thoughts and prayers.

     

     

    Was at that Partizan Belgrade game, talk about gut wrenching…

     

     

    Tonight I’m on the fence, dunno how it’s going to go, depends who turns up, hopefully Not Peter Grant and Derek Whyte.!

     

     

    Speaking of which, I find it astonishing that Craig White has been arrested on warrant in Mexico…..Go Police Scotland, must be a few outstanding warrants that are years old but yet we have Craig in a fortnight….!

     

    Well done to the boys in Blue….

     

     

    Ayrshire is Green and White

  6. Is it true Peter Lawwell

     

     

    sent MR Whyte over to Mexico to check out on

     

     

    our sister club out there ?

  7. !bada bing!!

     

     

    10:13 on 27 November, 2014

     

     

    estadio

     

     

    06:37 on 27 November, 2014Rip Phillip Hughes. His death at 25 today should resonate with Celtic supporters in an echo of John Thomson.Great sympathy also for the lad Sean Abbott who bowled the ball.Sam English was decimated by what had happened to Johnny. May Sean have the strength and support to live long and fruitfully.Hail hail

     

     

    good post,with all the money that’s in cricket these days,the helmets should be ball proof.Feel sorry for the bowler involved.

     

    #############################

     

     

    Sad indeed for all. The ball hit the poor fellow on the neck, striking and splitting an artery… RIP

     

     

    Ayrshire is Green and White

  8. Estadio:

     

     

    Cheers mate, I’ve just been sent photos’ of my car, totally trashed, most likely a right off. (Dancer) It’s just dawned on me, that crazy weather… it seems to follow you around.

  9. 50 shades of green

     

     

    Thoughts and prayers with ur mate , his family and you buddy. Very sad

     

     

    Sean

     

     

    Hope everything works out for your bro. Keep the faith

     

     

    God bless the celtic family

     

    One and all

  10. bada bing!!

     

     

    10:21 on 27 November, 2014

     

     

    micktt-i seen that mate,a design issue for sure to protect that area,tragic.HH

     

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    A freak accident, like John Thompson…. I believe it’s just fate, tragic, but fate, the old saying when your numbers up your numbers up… Doesn’t help the families though…

     

    Maybe some design feature will be implicated now, a legacy to a young man cut down in his prime. No fair.

     

     

    Ayrshire is Green and White

  11. Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma on

    Thoughts and prayers got to Sean T and his brother.

     

     

    Very sad at the news of Phil Hughes’ passing.

     

     

    I have often thought that a cricket ball is not a ball at all. It is far too heavy and dangerous an object to be skelped about on a sports field – especially with children at play.

     

     

    Big BIG game tonight.

  12. Kit

     

     

    Talk to me about it. Ask Taurangabhoy!! 8.6 Earthquake in Chile, Favela swept away in Rio, Sulpher flats eruption destroyed tent in NZ, Africa…it doesn’t rain in Namibia…..doesn’t it? Swept of Table Mountain in Cape Town…..India, Burma, Vietnam, Kapuchea you have been warned.

     

     

    My mates call me the Fifth Horseman.

     

     

    Hail hail (or should that be hailstorm)

     

     

    Estadio

  13. Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma on

    Arthur Montford

     

     

    I have written several times over the years about Arthur Montford.

     

     

    He was a professional broadcaster way back in the pioneering days of sports broadcasting and was instantly recognisable in his sports jacket.

     

     

    Until a couple of years ago you would see him walking sprightly on Byres Road from time to time, and despite being away from the TV for a good few years you still knew it was Arthur Montford.

     

     

    In his time, he was the captain of Glasgow Golf Club and he served for a few years as the Rector of Glasgow University, beating of Dame Elizabeth Barnett, Janey Buchan and Lord George Brown to win the position.

     

     

    As everyone knows, I love to hear a good speaker- someone who delivers a message with words that inspire.

     

     

    I didn’t hear Arthur give his rectorial address but I did read it many years later and it impressed.

     

     

    Arthur Montford was a quiet guy – someone who just believed in getting on with the job. He was a good guy who did not look for praise or plaudits for the wee quiet things he did for people.

     

     

    This was reflected in his speech to Glasgow University Union.

     

     

    Take a few minutes to read it, because it tells you something about a good man and about a few other good men some of whom I had the privilege of knowing.

     

     

    In my opinion, there are lessons here for us all.

     

     

    http://www.universitystory.gla.ac.uk/documents/UGSD00029.pdf

  14. Prayers said for all who need them.

     

    Also aw naw hope your day goes as you planned it. Good luck.

     

    2-1 to the good guys

     

    H.H

  15. Can’t wait for this game tonight, got a good feeling we will win and win well.

     

    Don’t think RBS are as good as some think. Tonight is all about what we do mon the hoops HH

  16. Sean Thornton

     

     

    Hope your brother’s operation is a success!

     

     

    Wee prayer said for his full recovery.

  17. Hope the “bouncer” now gets banned.

     

     

    I have never believed that everyone who bowled this type of ball was just trying to get the batsman to make a wild swipe at it.

     

     

    Too many injuries caused by this type of ball.

     

     

    RIP Phil Hughes

  18. Thank you all for your kind words and promise of prayers.

     

    My brother is truly humbled, and promises you all he won’t let it beat him.

     

     

    This is truly a very special place, have tae go before a choke!, and a promised him a widnae!.

     

     

    Thanks again.

  19. sean thornton

     

     

    This blog has brought me to tears loads of times!

     

     

    Not one tear grudged either.

     

     

    Best wishes again to your brother and of course to you.

     

     

    Take care!

  20. Bundoran Bhoy….

     

     

    Glad to see you posting on a regular basis!

     

     

    Nice running total too!

     

     

    Well done!

  21. hun skelper

     

     

    10:45 on 27 November, 2014

     

     

    Can’t wait for this game tonight, got a good feeling we will win and win well.

     

    Don’t think RBS are as good as some think. Tonight is all about what we do mon the hoops HH

     

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    Sir David Murray thought very highly of them..!

     

     

    HH

  22. Phil Hughes RIP.

     

     

    Memories of a first innings 115 v South Africa in Durban in 2009 . He followed that up with a wowee 160 in the second innings ..

     

     

    Saw him playing for Middlesex . He had a very unorthodox technique which made him vulnerable to short pitched bowling .

  23. philbhoy

     

     

    10:54 on 27 November, 2014

     

     

    Hope the “bouncer” now gets banned.

     

     

    I have never believed that everyone who bowled this type of ball was just trying to get the batsman to make a wild swipe at it.

     

     

    Too many injuries caused by this type of ball.

     

     

    RIP Phil Hughes

     

    #############################

     

     

    A very good point, remember reading years ago of the controversial Australia v England Ashes series of the 1930s, nicknamed body line, due to the bowling tactics of the English bowlers!

     

     

    Ayrshire is Green and White

  24. Chris Sutton

     

    ___________

     

    You had little to say last season when yer pal Neil’s team were knocked out of 2 domestic cups at home – not good enough.

     

    You were brought in to replace, Murdo MacLeod who correctly rattled Neil and his ‘clique’ of players on the pitches piss poor performance in the LCSF v’s St Mirren.

     

    Tough guy Neil spat the dummy after Murdo’s justified take on a piss poor performance.

     

    All of the above is – imho

  25. A Ceiler Gonof Rust on

    Sean Thornton, very sorry to read the news about your brother. He sounds like a really strong guy and the type to face up to this bastard of a disease.

     

     

    All the very best to the both of you. I’ll toast you both in the BV before tonight’s game.

     

     

     

    HH Bruv + your Bruv

  26. kevjungle – walk-on in the jungle is magic, just magic

     

     

    11:24 on 27 November, 2014

     

     

    Chris Sutton

     

    ___________

     

    You had little to say last season when yer pal Neil’s team were knocked out of 2 domestic cups at home – not good enough.

     

    You were brought in to replace, Murdo MacLeod who correctly rattled Neil and his ‘clique’ of players on the pitches piss poor performance in the LCSF v’s St Mirren.

     

    Tough guy Neil spat the dummy after Murdo’s justified take on a piss poor performance.

     

    All of the above is – imho

     

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    Yes a fair point young KJ

     

     

    HH