CQN Magazine L-I-Q-U-I-D-A-T-I-O-N issue out now!


We have another great issue of CQN Magazine for you, free of charge to read online – there’s not even any tax to pay!  Hard copies will be available soon. Click here to go to the magazine site for a proper read. The graphic below is only there to allow you to flick through it.

The magazine is packed full of fantastic articles from Celtic supporters from near and far.  We have coverage of our title winning season, tales of supporting the team from disparate locations as well as some great recollections and tales of following Celtic in years gone by.

Slovenian football journalist fan Blaz Mocnik speaks of his delight at learning he wasn’t the only Celtic fan in his village, the infectious enthusiasm of the Good Child Foundation has brought the club to a new followers, and there is a great reference article on money in the SPL.

As always, tons of work went into pulling the magazine together. Many thanks to James, David, Thom and all the readers who submitted an article (some of which have slipped to the next issue).

We like to give each magazine a title, this one, with a special dedication to Pablo, is the L-I-Q-U-I-D-A-T-I-O-N issue!  Enjoy.

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  1. Tom McLaughlin on 3 May, 2012 at 11:51 said:


    Tony Sorry mate i meant to say do you think they have something up their sleeve but if it’s out of their hands then i understand.

  2. CultsBhoy loves being 1st forever & ever on

    Just as POTY Chic Mulgrew left to develop before returning a better player… So too should Paul McGowan. If we can sell Hooper for £7m I’d but Paul back for peanuts.



    He has impressed me this year…



    Those who are doubting this are the same who doubted Charlie Bhoy…?

  3. UPDATE: Bidding now at £510.00.



    Bidding closes on Monday 7th May.



    Historic Celtic top signed by the slayers of Rangers (In Administration).


    Fellow Celts, I need your help.



    My parents recently had to go into full time care in Wellburn Care Home, Lochee, Dundee. Wellburn is run by the Little Sisters of the Poor.


    Wellburn offers incredible residential support for those in need in the Dundee area. It is only a viable concern through the dedication of the sisters and volunteers and fundraising initiatives such as sales of work, coffee mornings etc.



    The sisters need cash to maintain the home for the benefit of the residents.


    Trust me, you cannot visit there and not be inspired by the work the sisters do.


    All our favourite players have signed the top which is in mint condition and in a fantastic presentation box.



    Forever more this top will be known as the 3-0 (going on 7) massacre top.



    You can support the work of The Little Sisters Of The Poor by bidding for this Celtic top signed by the first team squad at this eBay auction.


    Your help is greatly appreciated.



  4. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    HMRC told Port Vale to GTF when they suggested a 3p in the pound CVA two months ago



    You have to remove the 4.5m from the 11.2m that is owed to football clubs



    You have to factory in both Craig Whytes fine and Rangers fine as both are footballing debts. So that is an extra 360,000 pounds.



    Then you have the 500k to look at the books



    and then you have the 2.8m Duff & Phelps fee



    and then you will have footballer wages if they are still on the wage bill come the end of March



    so 4.5m








    8.165 million



    3.035 million for a 170 million of debt



    is 1 pence in the pound



    Hail Hail

  5. northbhoy ... \o/ on

    Well well what have we here.millar seems to know his turnaround business but does he know what he is about to buy…… un couchonne en un poke


    More shenannigans to come.




  6. !!Bada Bing!! on

    RogueLeader on 3 May, 2012 at 12:04 said:


    It will please you all to hear that FF are RAGING.



    The Blue Knights and Mingwall The Hutt getting it in the neck


    That’s made my day.HH.

  7. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Does anyone know who will pay for the FTT appeal ?



    MIH or Ranger FC ?



    Hail hail

  8. 'crushed nuts?' 'Naw, Layringitis!' on

    Bill Miller’s ‘indoor golf’ range for ibrux is as pie in the sky as all his other schemes. To move ranjurz outta town and develop the govan crater would only appeal to someone who has no idea of planning law, scuddish football, politics or the psyche of the avserage bear.



    The fact is that if Miller has a plan to save ranjurz, someone with more money and business sense would have done it ages ago.



    Preferred bidder in this situation is like being in charge of the bedpans in a dysentery ward, it’s all sh1t, all day!!

  9. South Of Tunis on

    DBBIA ———



    Buck Owens ?



    Went to see him at the London Palladium in 1969 . Beatles loving girlfriend of the time mocked me mercilessly about liking that ” redneck crap ”



    The Beatles were there – watching [ like the Queen ] from a box .Guess they liked that “rednecked crap ” too



    Great version of Who’s gonna mow your grass ?



    Act Naturally CSC

  10. Paul67 et al



    So, not one Rangers supporter put up a penny to bid for the assets of the club? So much for the global support, so much for it being a national institution. All that is left is a PLC without any assets at all.


    Third Lanark no more


    Clydebank no more


    Rangers no more

  11. Anybody else watch that duff and fudd statement there?


    No liquidation, no loss of history, no cva, it will be a newco, so how do they keep the history?

  12. Dontbrattbakkinanger on

    SofTunis- for a supposedly backward inbred conservative genre ‘redneck crap’ is years ahead of it’s [timeless] time.

  13. Hypothetical question.



    If Duff and Phelps sell the assets of Rangers Plc to Bill Miller’s newco Rangers 2012, but Craig Whyte decides to sell his 85% shareholding to the Blue knights we will have the following:



    Rangers 2012 owning Ibrox, Murray park, SPL share etc (if approved by SPL etc) and


    Rangers Football Club Plc owning nowt but a load of debts.



    Which is the football club established in 1872?




  14. Fife Today…



    A week of hate, abuse & threats


    Published on Thursday 3 May 2012 11:59


    UP until last week, a day in the life of Eric Drysdale did not involve receiving advice on his personal safety from counter terrorism officers.


    But all that changed the moment the Raith Rovers director became embroiled in the crazy world of the Old Firm.


    Last Tuesday Ally McCoist, the manager of Glasgow Rangers, demanded that the names of the three men who sat on an independent, and supposedly anonymous judicial panel, which handed down a year-long transfer embargo fine to the administration-hit club, be made public.


    Drysdale’s name, and the names of the two others, were subsequently leaked the following day, and once out in the open, it did not take long for the vilification to start.


    By Wednesday afternoon, a phone call of a threatening nature had been answered by office staff at Stark’s Park, who subsequently contacted the police.


    Drysdale himself had also received a number of hate emails and silent messages on his phone, while internet forums were awash with insults, threats and abuse.


    A co-ordinated effort was quickly launched across three separate police forces – Strathclyde, Tayside and Fife – to offer advice and protection to a man who just a few hours earlier had been going about his normal daily routine like any ordinary person.





    Speaking as the events unfolded, Drysdale told the Press: “I was asked by the SFA to sit on the judicial panel due to my knowledge of football finances through my work in the banking sector.


    “I have also been directly involved in football for 13 years through my role as a director at Raith.


    “I cannot comment on how the panel came to its decision as this information will be released by the SFA, but it’s fair to say we were following a very detailed set of protocols.


    “It never entered my mind that I would be caught up in a situation like this because there was an anonymity agreement in place.


    “I knew the subject matter was obviously high profile – but I didn’t think that it would result in any profile for myself.


    “I don’t know how my name was leaked but I have certain feelings as to how it might have come about – but I can’t to go into that. It left me very annoyed.


    “There is a significant risk that other members of the judicial panel may now reflect of these events and decide they do not want to risk that level of public profile.”


    As well as encountering the irate reaction of Rangers fans, Drysdale also found himself caught up in a media frenzy.


    On Wednesday, a national newspaper contacted him to say that he was being named in Thursday’s edition as one of the ‘Hampden Three’.


    He told them he had “no axe to grind” against Rangers and, having spoken out, decided to work from his home in Perth on Thursday.


    Speaking to the Press last Thursday, Drysdale said: “My wife does not keep well and can’t handle these things at all, so it’s just as well I am at home because the doorbell has just gone – it’s the Sky News cameras.”


    Drysdale’s association with Raith, where he has served as a director for 14 years, also unwittingly dragged the Kirkcaldy club into the firing line in the build-up to a hugely important match against Queen of the South.


    Rovers vice-chairman Turnbull Hutton released a statement stating his support for Drysdale, and revealed that the club had incurred extra costs to beef up security.


    Speaking after Saturday’s match, which saw a larger than normal police presence inside Stark’s Park, Hutton said: “We incurred extra costs of £4000 as a consequence of this fiasco and the board is currently considering who it sends the bill to.


    “Why should we stump up for the cost of collateral damage from a situation that does not involve or concern us?





    “We’ve had aspects of our club finances plastered all over Rangers’ websites, with personal stuff aimed at Eric that was wholly unacceptable. It makes you despair for Scottish football.


    “We’ve also received a variety of emails direct to the club – more anti than pro.


    “However, the encouraging thing is the amount of correspondence we’ve received from other clubs to say that the statement we released was absolutely spot on.”


    Hutton was also scathing in his criticism of the Scottish FA’s handling of the affair.


    He said: “Having had their three-man panel outed, the SFA managed to sit on its hands for two days and do nothing.


    “There was no statement to take the heat off these guys. They were hung out to dry.


    “It was left to this football club to release a statement in order to protect ourselves and get some clarity.


    “The SFA’s inability to grasp a situation that was of their making was staggeringly deficient. Scottish football deserved a far better response.”


    Drydsale has been advised against speaking further on the matter, but he wished to thank all those who have offered him protection amid the most stressful week of his life.


    He added: “I am very grateful for the support of the Raith fans, the board, and the office staff – in particular Bob Mullen, Bob Farmer and Turnbull Hutton – for the efforts they put into ensuring that Saturday passed off without incident.


    “The result against Queen of the South was far more important than any temporary problems encountered by myself.


    “As a club, we now just want to get back to business as usual, and begin our preparations for next season.”

  15. how can they carry on as a company if they dont pay their taxes, someone please explain,

  16. Dontbrattbakkinanger on

    Through the fantastic efforts of messrs Keane and Mccann Celtic were saved by their own; the dignified cash strapped scrofulous Hillbillies are throwing themselves on the mercy of strangers.


    It couldn’t happen to a nicer Club.

  17. This bit I don’t get.



    “The bid submitted by Mr Miller is substantially greater than any other proposal and provides the best return to creditors, a fundamental part of our duties as administrators. Importantly, the structure provides a stable platform through which new investment can be deployed to ensure that the Club thrives again in the future.



    So, are they in effect saying that the creditors are getting stiffed for pennies in the pound, then “new investment” will be put into the club?


    There must be something illegal about all this surely?

  18. DontPatmadug on

    alex thomson ‏ @alextomo



    Looks like a plan to shaft the British taxpayer by at least £50million and tag most of the sanctions to the defunct club

  19. Celtic_to_the_core on

    @ALexTomo has just tweeted “This sounds like backdoor liquidation, smeels like it, walks like it, sings like it’





  20. Sports hacks at airport to get first glimpse of new bidder.


    With a friendly wave, he disembarks and greets the assembled hacks,


    ” Hi, sorry that Bill could not make it over. Family matters, you know.


    My name is Tommy and I’m from Possil.”

  21. DontPatmadug on

    alex thomson ‏ @alextomo



    Possible result Rangers survive in SPL – out of Europe – losing most players and fighting relegation fight

  22. Awe_Naw_No_Annoni_Oan_Anaw_Noo on




    I am of the opinion that all outstanding football debts and any further obligations must be fulfilled for any transfer of share to take place



    Hail Hail

  23. Awe_Naw_No_Annoni_Oan_Anaw_Noo on




    you mention pennies (plural)



    It will be less than a penny in the pound



    Hail Hail

  24. Grant Russell‏@STVGrant


    Statements from the Scottish FA and SPL to follow shortly on talks with Rangers’ preferred bidder Bill Miller



    the stitch up should be more clear soon!!

  25. Would any good Lawyer not be able to prove in Court that a new company that owns all of a previous companies assets & history (but none of its debts) is in fact not a new company but the old company itself?

  26. jungle jam67 on

    Better get some popcorn bhoys


    This story just runs and runs



    Liquidation here we come !




  27. Compare and contrast speed of reaction.


    “Hutton was also scathing in his criticism of the Scottish FA’s handling of the affair.


    He said: “Having had their three-man panel outed, the SFA managed to sit on its hands for two days and do nothing.


    “There was no statement to take the heat off these guys. They were hung out to dry.


    “It was left to this football club to release a statement in order to protect ourselves and get some clarity.


    “The SFA’s inability to grasp a situation that was of their making was staggeringly deficient. Scottish football deserved a far better response.”




    Grant Russell‏@STVGrant


    Statements from the Scottish FA and SPL to follow shortly on talks with Rangers’ preferred bidder Bill Miller

  28. Celtic_to_the_core on



    I was thinking the exact same thing! Not sure if D&P and Bill Miller are trying to avoid riots down Govan way by saying its not liquidation, when it actually is.





  29. Morning bhoys and ghirls, very warm and hun free on the mountain range.



    Question for the blog.



    Are there anything in the SPL rules that allows a team not to pay it’s taxes, cheat all the other clubs…….



    Yet still get a massive payout at the end of the season.

  30. Right, i HAVE to ask because this has dragged on long enough for me…



    Hopefully one of you money-men or legal guys can tell me, if Windy starts teh Liquidation process, HOW LONG does it normally take (from first paper being submitted)??



    Why won’t they just get on with dying??




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