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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Arthur Montford
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You were brilliant.
You and Archie used to give us a wee wave in the Jungle, brilliant.
RIP Arthur YNWA
MickTT
11:26 on 27 November, 2014
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Cheers fella – Hail Hail
Sean Thornton
A wee prayer said for both you and Mick.
God Bless and Hail Hail.
Sutton really grinds ma gears
In the week where the Sleekit wan fails again, the scum msm roll out all his mates,who then big him up with their usual crap.
Compare and contrast with RD, they cannae get the knives sharpened quick enough.And whats better than them putting the knife in, get a so called” Celtic man” to do it for them.
Great day today,game to look forward to and very quiet at work due to Thanksgiving.An unofficial cough cough half day I think!!
Chris Sutton didn’t like his “Celtic Legend” status anyway…
Best wishes to all who need it.
Sad news about Arthur Monthford. Absolutely tragic news about Phil Hughes.
Ktf.
Just another numbnut churnalist .
Malcolm Marshall smashed Mike Gatting s nose with a bouncer . The ball had bits of bone embedded in it . Marshall had to ask for a replacement ball -please .
When a patched up / repaired Mike Gatting left the hospital with a seriously damaged nose and two fabulous black eyes , a waiting journo enquired –
” Mike -where exactly did the ball hit you ? “
Chris Sutton will always be a Celtic Legend imho
But, he should be working for Celtic TV or writing in the Celtic View along with Joe Miller instead of the boring bassas who work and write there at present.
sean thornton
08:06 on 27 November, 2014
Thoughts and prayers for your brother Michael and for all your family .
YNWA
To Sean T , thoughts and prayers for your Brother Michael, and all your family.
Dreich day down in old D&G, but getting ready to travel to Paradise where it is always uplifting
MickTT, have you got a pass from the blonde for Belfast yet. Get yer finger oot.
KevJungle – Walk-on in the Jungle is magic, just magic
Fair enough mate. A fantastic player, but he must be wearing a different mask nowadays just because he needs a few bob from the MSM. His finances are none of my business, but he was very well paid by Celtic, yet now that he is skint he is happy to put the boot in return for money.
Afternoon Timland from a dull ish hun free mountain valley.
RIP Phil Hughes.
Sean T
Sorry to hear your news.
Have a look at this, it works
http://www.healthfreedom.info/essiac%20aids.htm
HH
I can tell you where to get it without being ripped off.
Judester
In fairness most Celts are coming ’round to Ronny and feel he now has some credits in bank that will see him thro ‘ a few , inevitable, setbacks
If we’re honest tho’ we didn’t have to go to MSM to read vindictive attacks on RD…. Seriously, all we had to do was click on this blog!!!
Lenny got it and WGS got it too.. Totally out of order.
The rattles were all over the floor.
Not sure why we would be interested in what Ex-players are saying to MSM for coin. We established that agenda was unhelpful, at best, a long time ago!
Ronny will have the longest laugh and we will reap the benefits.
HH
Davidopoulos
11:46 on 27 November, 2014
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Yeah I know fella.
Hail Hail
saltires en sevilla
Not sure why we would be interested in what Ex-players are saying to MSM for coin. We established that agenda was unhelpful, at best, a long time ago!
—————————————————–
I’d certainly agree that practically everyone on here is knows the score, however there are STILL thousands of Celtic fans who have their opinions shaped by the MSM. It is a dead media, but the corpse is still twitching…
Best of luck Sean Thornton to your brother Mick prayers offered
Sad news on the tragic death of Phil Hughes as well taken far to young playing a sport he loved
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Big game for us tonight lets hope the team can put in a performance to see us through which would be a tremendous confidence booster
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Meanwhile south of the Rio Grande it’s squeaky bum time as police look to interview some dubious characters
http://www.theguardian.com/football/2014/nov/27/craig-whyte-rangers-arrested
http://youtu.be/rgF-OVK9df8
Use all see GB new tune.. Brillant stuff.
The heartbeat of parkhead never skips a beat.
Join in everyone tonight.. Espcially for those of us who would love to be there.
Celebrate you celtic
And praise you like we should
Ronny D
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For tonight please do what I suggested yesterday and – park the bus and use the Magnificent James Forrest as an out ball. Please don’t fall into the trap that previous ‘failed’ Celtic managers have done and, try to play football ‘The Glasgow Celtic Way’ when, you don’t have ‘Glasgow Celtic Players’ – James Forrest apart.
RD, your not a failure.
Your looking at the real possibility of a domestic treble and, advancement in the EL. You will buy a huge chunk of time for yerself if you do that – ghood luck.
Hail Hail – Off oot – Bye.
Craig whyte and the unseen fajita hand.
kevjungle – walk-on in the jungle is magic, just magic
11:59 on 27 November, 2014
Ronny D
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For tonight please do what I suggested yesterday and – park the bus and use the Magnificent James Forrest as an out ball. Please don’t fall into the trap that previous ‘failed’ Celtic managers have done and, try to play football ‘The Glasgow Celtic Way’ when, you don’t have ‘Glasgow Celtic Players’ – James Forrest apart.
RD, your not a failure.
Your looking at the real possibility of a domestic treble and, advancement in the EL. You will buy a huge chunk of time for yerself if you do that – ghood luck.
Hail Hail – Off oot – Bye.
#############################
That’s it KJ the games won… yer some bhoy..
HH
I will be surprised if Forrest lasts 90 minutes tonight.
Especially if he is in form.
Praise You .
If you want to hear the choon that ” inspired ” Fat Boy Slim .
Check out ———–
Camile Yarbrough -The Iron Pot Cooker ( LP -Vanguard Records 1975 )
So, according to the local rags, the next picture we see of Craig Whyte will be between a couple of cops in handcuffs coming off a plane, never gonny happen, the sheet they put in the dai
Yes here is discusting.
Philbhoy,
Jamesy hasn’t played 90 all season.
I’m hoping any time he gets is productive. That’ll do for me.
dai Yes= dailies
Sean Thornton even the bravest men are allowed to cry. H.H.
sean thornton & your warrior young brother Michael Y.N.W.A
Apparently wee Craigy was going loco down in Acapulco…
What would be the time line for our hero arriving back in britland ?
I assume he won’t fight extradition, better off in a brit jail than a Mexican one me thinks.
HH
Geordie Munro
Good point!
However, I don’t think Salzburg will let him run amok if he is on form.
Agree, if we get a good 45 minutes from him and he gets subbed at half time after scoring a hat trick, that’ll be fine!
Dubaibhoy
And it was twatted that he had gotten a Mexican burd up the Duff & Phelps >}
HH
sean, thoughts and prayers
Heard he was just in the process of buying a Mexican football club for 24 peso’s. (one pound) when he got nicked
Apparently Craig Whyte was Zorro ………..
davidopoulos
11:53 on 27 November, 2014
saltires en sevilla
Not sure why we would be interested in what Ex-players are saying to MSM for coin. We established that agenda was unhelpful, at best, a long time ago!
—————————————————–
I’d certainly agree that practically everyone on here is knows the score, however there are STILL thousands of Celtic fans who have their opinions shaped by the MSM. It is a dead media, but the corpse is still twitching…
——–
Yup 100% correct. It still drives me nuts
I’m suspect my older relatives, including my dad, still buy the record ( never the Sun)
Keep going on at them; but suspect the paper will stop printing before they stop reading their guff.
HH
Are sombreros being donned this evening in homage to our hero?