Demonising liquidation carries risk

990

I didn’t hear the scores of other games this weekend until today when I read a red card protest (remember the day Celtic fans gave birth to this concept?) occurred at Ibrox to demonstrate disapproval to any potential new owner who plans to liquidate Rangers.

It would be preferable to everyone if Rangers paid their bills, restoring a degree of dignity, although apparently no one is offering to do this.  Publicly bidders for the club will all confirm their preference is to exit administration via a Creditors Voluntary Arrangement (CVA).  Offering pennies in the pound for a company is unquestionably a great deal, for the buyer, but whoever is nominated as preferred bidder this week is likely to have a serious option to liquidate the club.

Demonising the liquidation option carries risks for Rangers fans.  Short of raising considerably more money than they have thus far and paying their bills, there is little fan power can do right now.  If liquidation is the best option for creditors it will happen, better to accept the reality of the situation.  Whatever the resulting phoenix club is called, if the new owners inherit animosity from the start it will only diminish the potential of their new club.

We’re looking for articles for CQN Magazine again.  If there is something you would like to write about email me, celticquicknews@gmail.com.

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  1. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    On Easter Monday mornin’…….

  2. My dear,dear,dear,friend…Vhman

     

     

    Pal. why dae ye persist oan calling Me an Attention Seeker,

     

    as if that wiz a Badge o’ Disdain???

     

     

    When you are in the Process of Daeing the VERY SAME THING.. tae that whit ye accuse me!!!!!!!!!!!

     

     

    Fur..

     

     

    Ye are Pitting yer Thoughts and Opinions..oot there in Blogoland..

     

    For awe the world tae See..

     

     

     

    Don’t ye Realize that???

     

     

    EVERY PERSON WHO SITS DOON and Publishes his Thoughts.. in a Blog. which is Read by Thoosands..

     

     

    Is an ATTENTION SEEKER?

     

     

    And if you Don’t.. Know that..

     

     

    Then..

     

     

    After Ye read this..

     

     

     

    Ye Wull!

     

     

    Kojo

     

    Yer pal.. who likes ye a loater..

     

     

    Still, Laughin’..

  3. jimtim

     

     

    Last week Lloyds swapped £117million of debt for equity in MIH. That is on top of a similar £150 million write off in 2010. MIH, in their most recent accounts wrote off a £59 million loss in Rangers, making a total of over £100 million written off that we know of, and there may be more hidden away. In effect we, as major owners of Lloyds, have in effect underwritten David Murray’s ownership of Rangers. And yet they are still heading for liquidation!

  4. Rumours down south have Tim Krul moving to Spurs in the summer with Fraser returning to be Newcastle’s number one.

     

     

    If Krul does go the big man will have a choice to make: more money in England or trophies here.

  5. ArranmoreBhoyLXV11 on

    At present on the boat back from Eire.. Had a champion weekend at home.. Took in our famous victory at the next best place to Rugby park or Paradise.. I can confirm we cheered loud and long in Donegal..

     

     

    HH

  6. Government Health Warning to anyone tempted to take financial advice from any multiple personality CQN posters, this is the guy who was insisting we should put all of our money into banking shares just a year or four back. I just hope no CQN ers were tempted then.

  7. Well done Jim Spence on Sportsound saying that Neil Lennon gets treated disgracefully in Scotland due to his religious background. Surprised to hear the truth.

  8. Kojo

     

    aye but youre at times very opinionated…… youre opinion doesnt sit well with me…… i really dont get the right wing posts you write, it doesn’nt sit well with me.

     

    Kojo I apologise for my post…….

     

    I had a moment…….

     

    Vinny

  9. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    Is strawberries and vanilla OK, or will that confuse the administrators ?

  10. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    Absolutely delicious…….!!!!!

  11. Just received from agent Quinn

     

    Channel 4 News chief correspondent, Alex Thomson, has revealed he has been physically threatened by a Scottish journalist in a hostile media atmosphere in Glasgow during his current investigation into the tangled financial affairs of Rangers FC.

     

    Thomson, who has covered 20 wars across the globe in his 22 years with Channel 4 News, claims that asking questions about Rangers FC “clearly angers some in the Glasgow media in a way I’ve never seen in 25 years of global reporting.”

     

    The broadcaster, who has been reporting on screen in the past two weeks on the Rangers FC crisis, has also written a number of controversial blogs on the Channel 4 News website (www.channel4.com/news) which has sparked off a deluge of comments online.

     

    In one blog, he asked why nobody saw that the club’s former owner Sir David Murray’s was crumbling, and nobody at the club, the Scottish Football Association and the Scottish Premier League questioned whether current owner Craig Whyte really was the man to buy Rangers FC.

     

    “Because – like the bankers – everyone was having too much fun living the dream? Partly yes, but partly a crucial check and balance to all the Ibrox hype had all but gone,” claimed Thomson.

     

    “For years too much football ‘journalism’ in Glasgow had been too lazy, sycophantic and incapable of asking awkward questions.”

     

    In another blog, Thomson, an Oxford university graduate who began his broadcasting career with the BBC in Northern Ireland, explained: “I’d expected the paranoia, insults, spin etc – hey – this is ‘fitba’ after all and I welcome it good, bad and ugly, from fans within and without Glasgow. Indeed I’ve gone out and asked for it.

     

    “What I didn’t expect were the insults (and in at least one case a direct physical threat) not from fans but from Scottish journalists.

     

    “Sarajevo, Mogadishu, Kabul, Islamabad, Tripoli, Baghdad…I could bore you with more – in none of these places have I ever got this interesting reaction from local journalists.

     

    “Only in Glasgow. So something’s up. Something’s different.

     

    “Something about asking questions about RFC clearly angers some in the Glasgow media in a way I’ve never seen in 25 years of global reporting.

     

    “Equally, a number of fine Glasgow journalists have been incredibly helpful, encouraging and agree there has been something deeply wrong for far too long in the culture of reporting RFC.

     

    “They know who they are, male and female, working in papers, radio and broadcasting and every single one has encouraged me to dig around in an area many cannot, will not or are prevented from, exploring.

     

    “I refer of course to ‘succulent lamb’. Graham Spiers, seasoned football writer in Glasgow was there the day it happened.

     

    “He and other reporters dined with Sir David Murray – then Rangers FC owner, in the Channel Islands. Murray – as ever – was talking big on the Rangers dream-theme, laying out plans for the club that seemed to go well beyond the mere limit of the sky.

     

    “There duly appeared copy praising the ‘succulent lamb’ that was eaten – the ‘fine red’ that was drunk.

     

    “The food and drink were taken – so was this man’s dream of Rangers – all without much question in some quarters.

     

    “I make and imply no criticism at all of the reporters present – what intrigues as an outsider is how many people years later around Glasgow happily talk about ‘succulent lamb’ journalism.

     

    Thomson goes on to quote Spiers, who recently left The Times as its Scottish football correspondent, at length from an interview for Channel 4 which can be viewed on its website.

     

    Reported Thomson: “Let Graham explain – he was actually there, after all:

     

    ‘Succulent lamb journalism means a culture – and I hold my hand up here too – a culture of sycophantic, unquestioning, puff journalism that went on around Rangers generally and Sir David Murray particularly.”

     

    Thomson continued: “Of course you’ll see it to some degree across sport, across football. But it was, many Glasgow journalists say, more damaging here.”

     

    “’Look’, added Spiers, ‘you are making a pact with the devil if you like. You get thrown the best scraps. You get something for the back page or whatever. But there’s a tacit deal. You don’t dig too deep. You don’t cause any trouble’.”

     

    “So Big Dave’s dream was shouted across Glasgow. Fans loved it. It shifted papers. Everyone (in blue) wanted in, needed to believe.

     

    “So it went on – year after year. On one side the directors at Scotland’s football ‘governing’ bodies didn’t ask much. On the other, large sections of Glasgow football journalism declined to delve.

     

    “How else to explain Ibrox’s boom to spectacular bust?

     

    “How else to deal with the fact that when Craig Whyte took over it was stories of a ‘billionaire’ with ‘off the scale riches’ that were pumped out?

     

    “Ten minutes on Google or in Companies House could’ve ended that. But no. It was dreamland the fans wanted, dreamland much of the media bought into and a club already financially crippled was about to be further injured.

     

    “Legions of fans sold out again, as it would turn out.

     

    “Succulent lamb culture has permeated to a degree that, as one prominent Glasgow tabloid journalist put it: ‘The press -a really critical check and balance in the normal way of things, had been more or less destroyed in Glasgow’.

     

    “So are things any better today? Is succulent lamb off the menu – replaced with humble pie?

     

    “I leave it to others to judge if that succulent lamb cozy Glasgow football culture has really gone away.

     

    “How come nobody saw Sir David Murray’s Rangers empire was crumbling?

     

    “How come nobody at the club, the SFA, the SPLquestioned whether Craig Whyte really was the man to buy RFC?

     

    “For years too much football ‘journalism’ in Glasgow had been too lazy, sycophantic and incapable of asking awkward questions.

     

    “Some notable exceptions of course – but the dismal rule stand out thereby. And it’s not clear things are getting all that much better even when faced with the massive corporate car-crash which is Rangers today.

     

    “The culture of taking wild stories at face value and pumping them out appears alive and well in Glasgow – the record will show the MSM [mainstream media] in that city have been left standing time and time again by bloggers getting the facts in their spare time often many miles from Glasgow.

     

    “Media studies PhD anyone? Tis fertile ground,” he concluded.

     

    Media Scotland Media Sport

     

    Source:

     

    Alex Thomson blog – Channel 4

  12. My dear,dear,dear,friend.. Vhman

     

     

    Pal. Ah accept yer Apology..

     

     

    Ah fully understaun yer Feelins.

     

     

    Look, Ah write the wey Ah dae.. Fur a Reason.

     

     

    Noo. whit that Reason is..

     

     

    is Known .. Very well,indeed….

     

     

    But.. ONLY …tae

     

     

    The Initiated.. and Tae the Non Cognoscenti.. That Reason is well.. NO fully

     

    understood, at awe.

     

     

    Ah could sit doon and write a Bunch o’ Pablum , that wid be lapped up.. by the Majority of Posters oan Here..

     

     

    It is very easy tae percieve whit the Majoriy of the Subscribers to this wonderful Celtic Blog… LAP UP.. and Canny get enuff o’

     

     

    But, Ah hiv chosen no tae Join in oan the Kinda Luv-in.

     

     

    So..

     

     

    Ah choose tae March tae Ma Ain Drummer Bhoy.

     

     

    And.. obviously.. His Beat..

     

     

    Positively… Annoys the Heck oot You..and Ithers,too!

     

     

    But..

     

     

    Ah am Afraid that I shall continue tae Employ that WEE Rascal..

     

     

    fur.. Ah like .. the Particular Rhymn o’ his Beat.

     

     

    Kojo

     

    Yer pal.. who likes ye aloater.

  13. The Token Tim on

    Minceyheidman,

     

     

    Unless its been changed, I believe we will not receive the trophy until the last game of the season at home to hearts on May 13!

     

     

    HAIL! HAIL!

     

    Token

  14. The Token Tim on 9 April, 2012 at 18:44 said:

     

     

    Minceyheidman,

     

     

    Unless its been changed, I believe we will not receive the trophy until the last game of the season at home to hearts on May 13!

     

     

    But why?

  15. Doug Fraser on Shortbread seems to have found his voice with regards to steel ‘magnet’………..:)………and sometime impresario, the mintless mint……

     

     

    ….’bout time Doug.

  16. It’s different watching the rot when we’re champions. We destroyed everybody in front of us for a couple of months with good football, a clever manager, a united squad, inspired play at times and bits of luck here and there. The shambles, it’s as if we’re not tainted by them anymore.

  17. kojo I think I’ll just keep calling ye a a fascist when you do yir thing!

     

    You’re the only person on CQN I wouldn’t meet and enjoy a pint with, if thats ok with you then lets just have the craic…… yir still a fascist…..

     

    Vinny stilll TAL

  18. up_over_goal on

    Listened to the radio. Thoughts:

     

     

    BBCScotland’s season lookback – I must now concede that Rangers have won the SPL. Grudging congratulations.

     

     

    Real Radio: BFDJ’s main worry is that they “hang on to the likes of Davis and Naismith”. Listener phones in to say how important it is that Rangers “get it right this time” when they “appoint” a new owner.

     

     

    Those poor saps. They really have no idea what’s waiting for them down the track.

  19. My dear,dear,dear,friend.. Granger Barnyard

     

     

    Pal.. Ye know and Ah know.and even ,Nutsy Knows..

     

     

    That. YOU.. especially..

     

     

    Wull Nevah IGNORE .. whit Ah write.

     

     

    so Why.. Tell Ither People Tae..???

     

     

    Noo. when ye Tell ither people tae Ignore.. Kojo..

     

     

    And . as we hiv Pointed oot..

     

     

    YOU WULL NEVAH dae that… in a Million Years..

     

     

    You are being a..

     

     

    Hypocrite..

     

    and Being a Hypocrite..is Soitenly..

     

    No a Nice thing tae Be.

     

     

    Right?

     

     

    Damned Right!

     

     

    Kojo

     

    yer pal.. who likes ye aloater

     

     

    Still, Laughin’

  20. The Trophy thing – Rangers game aside – is basically the first non away, non midweek game. I think for basic safety it is right not to have the trophy ceremony after the derby – there simply would be violence – and we’ve seen enough of that in the past couple of years…

     

     

    U

  21. Teuchter Agent Quinn,s information is definetly true but is at least over a week old. Does he know when Alex Thomson,s next report on Channel 4 is? Hail Hail Hebcelt

  22. My Dear,Dear Kojo…

     

     

    Ah am maist impressed by your dazzling perspicacity,oan matters economic…

     

     

    As expressed on the hallowed pages of this sainted blog…

     

     

    On the ither haund…this somewhat opaque reference tae “Druthers” requires some clarification…

     

     

    Surely,Charlie-is-wur-Darlin wiz born into an era ,where disposable diapers were ‘de rigeur’….ootside of Clydebank ?

     

     

    Anyways,may you go forth and multiply,in a procreative kinda way…

     

     

    And a wee woid of advice for Oor Maist Tedious of Posters,fae the Late Great Syd Barrett,of the Pink Floyd….

     

     

    “Careful wi’ that Wart,Moonbeams..”

  23. Bloke109 is Neil Lennon on 9 April, 2012 at 18:49 said:

     

     

     

    That Douglas Fraser blog on the BBC site is pretty remarkable.

     

     

    Momentum. Ye cannae whack it.

     

    ———————————

     

    Minty will be mighty sorry that he “forgot” to keep him in the loop.

  24. Evening all.

     

     

    First off thanks to Snake for the vid you posted. There have been times I have hated this season almost as much as the last two but Jeez days like Saturday don’t come along too often. Like 80-81 and 85-6 when at times we touched rock bottom the ultimate triumph is all the sweeter. I can only guess at how Neil Lennon must feel.

     

    I really liked Saturday because for the first time in a long time it was all about us. Not rubbish refereeing, ignorant jakey journalists, or shyster businessmen but our team rising brilliantly to the occasion. No doubt the old arguments will surface the next time we lose unexpectedly ( or at all) regarding the team’s bottle but Saturday seemed a good bit of evidence for the defence. We are a youngish , developing team with a manager who is still very much learning so I have no doubt the coming weeks and months will throw up disappointments but even a born pessimist such as myself can see that we are moving forward.

     

     

    Sorry for waffling on but sitting with a flaming stookie on and having had too much pop and sweeties this weekend I am even less lucid than usual.

     

     

    H x 2

  25. Minceyheidman,

     

     

    I think it’s traditional for the presentation to be held on the last home game. Back on Stella today after a couple of days of guinness & a wee bit of champagne so my head’s not up to checking it out.

     

     

    S

  26. Snake, last word on your montage,

     

     

    I am so glad you included the Motherwell game in your footage.

     

     

    Why?

     

     

    Because Paddy McCourt is a bona fide genius.

     

     

    I am glad he wore the Hoops.

     

     

    TJ

  27. Any chance we have a meet up at the last home game or …. hopefully cup final ed….. ed shut it…….

     

    maybe a wee celebration at the dearest pub in the Merchant City……

     

    Kojo youre naw invited

     

    V

  28. While on Shortbread………..

     

     

    Jim Spence in his own blog does more in one go to highlight the grotesquely unbearable situation Neil operates under in scoddland than Chic, Dick, Dim, Doddsy, Patersony et al have done……ever.

     

     

    Gaun yersel’ wee man.

  29. For the derby game ask them for monies upfront and deposit for likely damages they might commit to the ground.

     

    If they do not stump either up, then sell the tickets to Celts and have the trophy presentation.

     

    Seems simple enough.

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