Belief structure of the debt lunatics

740

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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  1. Bada bing

     

    I agree Efe’s time is up.

     

    Commons looks offski too

     

    Matthews tho, I think is decent cover for Lustig, providing he isn’t crocked at the same time. That said, if someone offers 2million + , then I’d guess Matthews would be oot the door as well.

  2. PF, he could have at least made a sham attempt at covering up his bias, like the rest of them do

  3. ....PFayr supports WeeOscar on

    Stairheedrammy

     

     

     

    Aye…that would require guile and intelligence ….nope :-)))

  4. SydneyTim

     

     

    PL will never be kicked out as DD and the board are happy for him to be there and will always vote their 66million proxy votes accordingly.

     

     

    He is also on the board of the SFA and the Professional Game Board plus on the executive of the European Club Association. As such he is one of the best connected football executives in Europe.

  5. PF, even the heads of the SFA manage to hide their allegiance, apart that is from Farry…and Peat….and Ogilvie….and…….

  6. I like the discussions going on here today about the team. I don’t agree with a lot of the stuff posted particularly about punting Matthews who would have been first pick in the absence of Lustig. The bhoy has been unlucky with some bad injuries in quick succession and is a player.

     

     

    I also like the stuff about promoting from the youth teams. I was looking on the wiki and found a list of previous young players who came through the youth set up (sorry about the nationality in front of it but I’m feelin lazy!):

     

     

    Scotland Marc Anthony

     

    Scotland Gary Arbuckle

     

    Scotland Barry Bannan

     

    Scotland Craig Beattie

     

    Iceland Teddy Bjarnason

     

    Scotland Mark Burchill

     

    Scotland Paul Caddis

     

    Republic of Ireland Graham Carey

     

    Scotland Marc Cocozza

     

    Scotland Ryan Conroy

     

    Scotland Stephen Crainey

     

    Scotland Scott Cuthbert

     

    Scotland Simon Donnelly

     

    Republic of Ireland Michael Doyle

     

    Iceland Kjartan Finnbogason

     

    Scotland James Forrest

     

    Scotland Mark Fotheringham

     

    Scotland Michael Gardyne

     

    Republic of Ireland Jim Goodwin

     

    Scotland Ross Harris

     

    Scotland Chris Hay

     

    Republic of Ireland Colin Healy

     

    Scotland Gary Holt

     

    Scotland Gary Irvine

     

    Scotland John Kennedy

     

    Scotland Paul Lawson

     

    Scotland Simon Lynch

     

    Scotland John Paul McBride

     

    Scotland Kevin McBride

     

    Scotland Ryan McCann

     

    Scotland Brian McColligan

     

    Republic of Ireland Aiden McGeady

     

    New Zealand Michael McGlinchey

     

    Scotland Jon-Paul McGovern

     

    Northern Ireland Michael McGovern

     

    Scotland Paul McGowan

     

    Scotland Brian McLaughlin

     

    Scotland Stephen McManus

     

    Scotland Anthony McParland

     

    Scotland Jamie McQuilken

     

    Scotland Shaun Maloney

     

    Scotland David Marshall

     

    Republic of Ireland Liam Miller

     

    Scotland Allan Morrison

     

    Scotland Charlie Mulgrew

     

    Scotland Jim O’Brien

     

    Republic of Ireland Diarmuid O’Carroll

     

    Republic of Ireland Darren O’Dea

     

    Bulgaria Tomislav Pavlov

     

    Scotland John Potter

     

    Scotland Bryan Prunty

     

    Scotland Rocco Quinn

     

    Scotland Craig Reid

     

    Republic of Ireland Cillian Sheridan

     

    Scotland Barry Smith

     

    Scotland Jamie Smith

     

    Scotland Andrew Traub

     

    Scotland Ross Wallace

     

    Republic of Ireland David van Zanten

     

     

    Nearly all of them ended up playing to a good level. A few played to a very high level but over the last (dunno) 10-15 years we have produced SPL standard players. Very few end up becoming first team regulars.

  7. ....PFayr supports WeeOscar on

    Stairheedrammy

     

     

    Peat….the man who attacked the SFA being attacked by innuendo …by innuendo ….just thick

     

     

    Recurring theme

  8. pfayr-would keep Commons but think he will get punted.RD said in summer, January window might be better for bringing players in,today he said opposite…..

  9. I read a fans comment earlier today, and they used the word Boeriggter….. And I thought, who or what the f@ck is that ??

  10. ....PFayr supports WeeOscar on

    Bada bing

     

     

    Deila is getting with the program …transfers have get SFA to do with him …

  11. Neil canamalar Lennon hunskelper extrordinaire on

    LB,

     

    Think your being harsh on the right backs, it is a position Celtic never have a problem filling with decent players but to keep on any length of time you’d need to fit him out with an iron man suit. Apparently sanctioned assault is ok, just label the players injury prone and take a price on them.

     

    Wasn’t too long ago GS had five right backs all out injured and mid fielders filling in. Wilson was another “injury prone” player, I’ve not checked but I bet his injury days are far fewer than when he played for us.

     

    I’m no a big believer in injury prone, there are malingerers and there are good players that are not protected for whatever prevailing agenda the officials are following. I tend to look at it from a different perspective, if a player is out injured a lot and has shown form and spirit previously then I take it he has been the victim of bad luck or sanctioned assault, bad luck would be a hamstring or a twist, sanctioned assault is being booted all over the park and carried or limping off.

  12. Boerrigter, Commons, Kayal & Biton should be punted in January with Tonev & Berget returned to their clubs. That would free up space to bring on 3 or 4 players, preferably those chosen by the manager rather than the reason we continuously need a clear out and send our numerous mistakes out on loan.

  13. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Having spent the last two years working away from; my gorgeous wife, my fine young bhoy, (my and I mean my pad i.e bed, cooking, tv, I.T jiggery pokery, my terrace etc.) my car, my local, my guitars, my band. I return home permanently on Friday to start a new job on Monday.

     

     

    I had the carpet pulled from under my feet from the mob I am working for just now. A six month contract was verbally offered and then it was reduced to six weeks. They have spent the last two weeks sorting out my last six week work program assuming I have signed the six week extension which I haven’t. I cannot wait to tell them tomorrow that tomorrow will be my last day. I have been practicing my straight face all day.

     

     

    Two more tic wins before Monday.

     

     

    Would that be asking too much ?

     

     

    :-))))))))))))))))

     

     

    HH

  14. PFayr

     

     

    Cancel me from the party on the 5th.

     

     

    Can’t be arsed with your know it all attitude. Thanks.

  15. Scrolling back.

     

    Re the Adam Matthews debate. Simple fact of the matter is that he hasn’t been the same player since that cloven hooved wee fecker Lasley did him. Not even a pen for it either. Shameful.

     

    Ray of hope is that Izzy now getting back to what he was after his injury against Aberdeen. Let’s hope Adam does the same.

     

    HH

  16. Rocket Man

     

     

    Interesting list….

     

    David Marshall stands out as one who made it big.

     

    I always liked Ross Wallace and Paul Caddis….both have carved out good English Championship level careers. So too Stephen Crainey.

     

    But u are right, a lot of these names we now see playing for St Mirren, Ross County and the likes.

     

    An interesting name on the list was John Paul McBride…. I used to regularly play against him, he played for Hamilton Colts at under 11,12 and 13’s before joining Celtic S-form

  17. ....PFayr supports WeeOscar on

    EDB

     

     

    Pardon ..?

     

     

    Just shooting the breeze in a light hearted fashion

     

     

    Suit yourself.

  18. ruggygman

     

     

    I think the challenge for the youth set up is to create first team squad players. Has to be! I hope Chris McCart and Jim McGuinness can do it. We need to think about the final hurdle.

     

     

    Is it talent? Is it physicality? Is it regular competitive football? Is it luck? What is it???

  19. Awe Naw

     

     

    Honest question…..where the fek is home??

     

    You’ve been gone so long.

     

    Best of luck to you and yours.hh

  20. I’ve liked Junior Diaz since the World Cup but would he be a squad player? 31 anaw…fastest player of this year’s Copa Mundial

  21. Awe_Naw_No_Annoni_Oan_Anaw_Noo

     

    20:26 on

     

    26 November, 2014

     

    Having spent the last two years working away from; my gorgeous wife, my fine young bhoy, (my and I mean my pad i.e bed, cooking, tv, I.T jiggery pokery, my terrace etc.) my car, my local, my guitars, my band. I return home permanently on Friday to start a new job on Monday.

     

     

    I had the carpet pulled from under my feet from the mob I am working for just now. A six month contract was verbally offered and then it was reduced to six weeks. They have spent the last two weeks sorting out my last six week work program assuming I have signed the six week extension which I haven’t. I cannot wait to tell them tomorrow that tomorrow will be my last day. I have been practicing my straight face all day.

     

     

    Two more tic wins before Monday.

     

     

    Would that be asking too much ?

     

     

    :-))))))))))))))))

     

     

    HH

     

     

    would love to be a fly on the wall . enjoy telling them bassas your done with them

     

     

    HH

  22. Some supporters want to get rid of Tonev and Berget in January so that Ronny can get free up the money to bring in his own players.

     

     

    Wasn’t it Ronny that brought these two in in the first place?

  23. Plus Mainz have had a good start to the Bundesliga…I think we need a Lustig stature and style player for LB. Good at marking, fast, physical and can head the ball! For certain games anyway…

  24. Rocket Man….

     

    It’s definately not easy…. It’s a combination of things.

     

    Guys like Ross Wallace and Paul Caddis were prohibited because of the quality that was at Celtic at that time.

     

    In years gone by, the youngsters looking to break through, had to be exceptionally talented , I.e McGeady.

     

    At 19,20,21 it’s about getting sufficient top team experience at a good level, to take the players game to the next level. A bit like what Man City are doing with us with Denayer.

     

    Under Lennon, Strachan, and those before them , I think we failed massively at loaning out good young players to teams at the right level for their development. McGregor last season was the first time in a long while, I thought Celtic had done the right thing, in terms of putting a decent prospect away to a good competitive level to get week to week first team experience

  25. hamiltontim

     

     

    20:38 on 26 November, 2014

     

     

    Berget, yes. Panic loan because we were short going into Legia game. Tonev, no. RD said he’d never saw him and he was signed on John Park’s recommendation.

  26. Neil canamalar Lennon hunskelper extrordinaire on

    ht,

     

    Naebody wants Ronny to bring in his own players, we all want him to bring in players we like and if Ronny doesn’t then he’s a know nothing fool, innit :)

  27. Awe naw. Congrats on the ,one. I’ve been doing that a year now and have a wee offer pending to return to home!!!

     

     

    Just need to tie up so,e loose ends and then I can let em know!!!

  28. Biggest game of whats left of this season, surprised theres not 50 k plus going tomorrow night.anyway , the 30k will just need to sing louder.Looking forward to it.Cannae whack euro nights at CP

     

    Go on Ronny, gie wee Lee the chance to launch us into the last 16

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