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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http://youtu.be/OQZmX5fbqfs
The Ballad of Craig (Pancho) Whyte.
Davidopoulos
It really annoys me to hear Celtic supporters coming out with stuff they see as gospel, and when you ask them where they got their info they come back with, ‘it was in the Record’. Your correct, there are far too many who buy into our msm lies, spin, out of date and lazy journalism.
BRTH
That’s his cover blown now :-))))
Proud hoy
On the sidebar of your link I spotted this
http://youtu.be/Y_RRdEh6A6Y
HH
Proudbhoy ;))
HH
brogan rogan trevino and hogan supports oscar knox, mackenzie furniss and anyone else who fights neuroblastoma
Brilliant post regarding Arthur Montfords speech to Glasgow University.
Enjoyed reading it.He came across as a true gentleman and a very humble person.
I also had the pleasure to meet a couple of people mentioned during my Youth.HH
Whyte / Wavetower / Liberty Capital / Ticketus.
Thoughts and prayers are with Sean Thornton’s brother, Michael.
In Dublin Airport en route to Paradise. Plenty of Hoops in evidence.
new article posted.
Sad news about Arthur Montford, although his monotone voice really did my head in – especially when you were subjected to Glenn Michael’s Cavalcade beforehand.
Whenever I hear Arthur’s name mentioned I recall that interview at Hampden where the horse kept pushing him out of camera. Cant find it on you choob tho’.
All the angst about tonights game,where is it all coming from?.Yes Salzburg are a good team,but never unbeatable.We drew with them at their place.This seems to be forgotten,or written off by many.We are at home,they will be wary.They wont attack all out as they did in Austria.What people are saying on here,do you think the Salzburg fans are not saying the same?.
I have watched them 5 times this season once against us,twice against Sturm Graz,once when they got gubbed 4-1.Sorry,4 times.They can be all over the place at the back.Soriano can be invisible in games.They are nothing special.Like us,they can be very good,or very poor.
I think this could be a very good game.Very evenly matched.Hope the trepidation on here is not replicated at the game.
Sutton is an @rse.
Our Craigie Bhoys song, yi think?
http://youtu.be/hQWCTfvogjQ