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!
740 Comments- Pages:
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Geordie Munro
14:06 on
26 November, 2014
Apologies, it was Mowbray who was manager in first Europa League campaign. I’ve tried to put his tenure out of my memory!!
My point remains that RD is doing better in his first stint in Europe than either of the previous two managers.
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.
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A Still Game run of shows at the Hydro is worth more to the Glasgow economy than a strong Rangers.
In Scottish terms, they have as much an economic impact as the Girl Guides organisation.
they are dead parrots.
Tonev is a one year loan deal.
http://www.theguardian.com/football/2014/aug/11/celtic-aleksandar-tonev-loan-signing-aston-villa
LB
Paul
David Murray is two things really and they are, he is the ultimate bully and a chancer to boot. I’ve seen the bullying many times, with the bullies surrounded by sicophants and yes men and those who disagree with the bully, are put to the sword.
I’d describe Murray as not that bright, but cute and certainly street wise, too street wise for many. Can you imagine when he was at Greyskull, and blustering about his wondrous plans for the club, should anyone have said, hey, wait a minute , you could be wrong!!! Murray and his creeps would round on that poor sod and he’d probably have to resign or be sent to Coventry.
Bullies have to be stood up to as it’s in their DNA to pick on weakness and avoid those who stand up to them. Buliies are cowards, simple.
End of rant
KINGLuBO
“My point remains that RD is doing better in his first stint in Europe than either of the previous two managers.”
Gary67,
I hear ye neebs.
I’d go as far to say previous 7 managers.
Gary
Lenny bombed out of UCL and EL in successive ties in his first season, losing to Braga in UCL then Utrecht in EL.
2nd season is right as I recall, draws with Udinese home and away, Rennes away, win v Rennes at home, beaten home and away by Atletico.
Saying that, Ronny lost home and away to Legia in the UCL, got back into the tourney via the back door, only to lose at home to Maribor, and drop into the EL as a consequence, where he’s being doing not too badly since.
14.04TD67
Aha.Now a get what u did
STUPID me.
HH
The Battered Bunnet
RD is unbeaten in Europa League so far which is pretty decent in his first season. I have said before that any manager coming to Celtic will struggle in his first season in Europe by joining the club in the summer. They have little time to prepare for Europe. Any change of manager in an ideal world should be in January and this will allow the new gaffer to win the league and possibly the cup and also get up to speed with the current squad and identify targets early for Europe.
LB
“Saying that, Ronny lost home and away to Legia in the UCL, got back into the tourney via the back door,”
Tbb,
As did lenny (well…a draw and a defeat)
Livibhoy
Absolutely on both points.
Geordie
Yip. The unseen serendipitous hand…
judester
By Jove. He got it ;)
If Tonev’s appeal is successful, how is he to be compensated for having been falsely branded a racist, not only in the UK, but across Europe and maybe beyond?
Tommy Gee
Get well soon big man, all the best
KINGLuBO
tonydonnelly67
13:22 on
26 November, 2014
Sevco will do what they want, and when they want, they have the backing of evey other supporter in Scotland accept us,.
No one complains accept us.
No one cares accept us.
No one takes on the establishment accept us.
And no one has been saying the truth about the SFA/SPFL/SFL accept us.
No one questioned LNS accept us.
No one keeps telling the SMSM the truth accept us.
And that my fellow Tims is it in a nutshell, no one gives a feck but us, it truly is a sad state of affairs.
Lurking HUNS GIRFUYs……….I care.
———————-
Did you mean Except us ?
or something else ?
Tonev for a year ? Dearie me.If he loses appeal??
Syd Negakev
I am not sure he can be proven not to be a racist or to have used racist words. It is more the point that it can;t be proved that he is a racist. He should be found not proven.
There is no way they can use one mans word against another.
LB
Rennes,Atletico Madrid and Udinese,much better than we have faced this season IMO
kinglubo.
snake mountain , snke mountain, snake mountain.
thats where the bad guys llive.
HE MAN CSC
St stivs,
I proper lol’d there.
More so cos I never noticed it. :))
!!Bada Bing!!
In that instance it was because we replaced the Swiss team (FC Sion I think) in the group and the seeding was theirs instead of our own.
I agree that those sides were better though. The Celtic team of that time was slightly better as well than what we have now IMO.
LB
The polis have objected to standing areas and only the govt can overrule them, the govt are prevaricating and trying to abdicate responsibility by passing the decision back to be overrule by the polis again, deliberate catch 22
It’s hard to argue about/against the quality of the teams we’ve faced recently in el.
But I’d say legia definitely and possibly maribor are better than the majority of teams we’ve had to face in qualifiers recently.
Afternoon bhoys n ghirls
Im doing Movember for Downs & Proud this year so if anyone fancies donating to me please do so at the following link :-)
https://www.justgiving.com/Tommy-Melly/
Cheers for reading (and hopefully a wee donation)
HH
saint stivs
No, accept , I didn’t think it was that deep, then again, it called a double meaning some thing, I’m not doing it again, my head hurts now ;)
Ole Stokesy’s Barnet lookn no bad up close….Doc n Bundoran bhoy should put this on Christmas wish list :0)
Vogue
Already on my list but hopefully once its done I don’t have a dodgy barnet like yours ;-)
Saint stivs
Accept us, as in the rest saying yes to everything Sevco, as in the ending only we alone complain.
Cant wait to january and we hopefully see the back of alot of players
Berget, pukki, derk, tonev, wakaso, should all be straight out the door january the 1st.
Henderson out on loan aswel and if commons hasnt agreed new deal then sadly probably best we let him go.
Offers then for kayal , ambrose and biton should also be considered if they come in.
We seem to hold on to squad players for far too long without given them a sniff of proving themselves again.
The standing areas are allready back,
I saw the tranny army all standing at celtic park during their 2 games there
Saint stives
I should maybe have put a , or a CL. Of ….. Before the accept us……you get it?
VP-Stay classy Ron……:)
Bundoran
Caught oot :0( you’re usually a night owl,because you’re to busy working hard all day:0)
Proudbhoy,
You can’t wait till we weaken our squad?
Strange.
I’m more interested in who we might bring in but that’s just me.
Bada
Keep oot of it Herman:0)
Geordie Munro
Don’t panic bud!
I’m sure Celtic will have identified the next tranch of loanees for the January merrygoround.
Am lookin’ forwrd tae it ulreddy.
Philbhoy,
I’m ready for a relatively uneventful windy.
VP- :)