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Describe him as a billionaire

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Today, the Daily Record give a remarkable admission on how they report goings-on at Rangers.  Allegations have long been made that some in the old media replaced journalistic analysis with note-taking at the foot of PR agents.  The Record not only admitted this practice, they made a headline story out of it.

Apparently, when asked by the Record about Rangers’ owner Craig Whyte’s wealth, “PR gurus” said, “Describe him as a billionaire”.  At that moment, the legend of the Motherwell born Billionaire took life.  The claim was never interrogated by those present.

Under this cover, Whyte breezed into Ibrox without any of the analysis outside the Celtic online community of where his funding came from, and pitched Rangers onto the path they are now on.

At Celtic we get proper financial information on what’s going on at our club – on time, but we have been fed hoary old tat like “Where did all the Seville/Aiden money go” as though there was any doubt on where our money goes (mostly on wages, before you ask).  Feeding distrust in a club causes harm, but what causes more harm, distrust or utterly ignoring potentially damaging facts about a club?

It wasn’t quite a Mea Cupla from the Record today, in fact, I’m not sure they realise the admission confirms their role in the whole matter, but they also put in print today what has previously scarcely been mentioned outside the Celtic online community, more on this later.  Welcome to the ‘news’.

For the ‘record’, the CQN community were first to describe Mr Whyte as a Thousandaire.  What, still too high?  Mea Cupla!

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  1. Dontbrattbakkinanger on

    Dirtymac – I saw ole Edson appear in the WCF, and that was it.

     

     

    No more skittleheads for ole me.

  2. Paul67 says:

     

    31 January, 2012 at 11:00

     

     

    Much appreciated.

     

     

    In other news, as Jellyfish rejects Everton(going by reports) all we’ll get now if he’s not away after today is he never wanted to leave blah blah blah.

     

     

    Quite remarkable really lol

  3. I'm Neil Lennon (tamrabam) on

    The Road to Damascus turnaround by the Record is amazing

     

    Jim Traynor and Keach Jackson finally break the story that everyone else knew.

     

    Do they think that the day before yesterday everything was rosey at Ibroke and now today everything is bleak?

     

     

    I have said to the huns for the past 6 months “ if you want to know about rangers financial situation, look at the celtic timternet” It appears that the rangers fans don’t “know all about their troubles”

     

     

    Guy with a loud speaker protesting outside the Sunday Mail offices

     

    We want, what do we want? We want the hearse!!

     

     

    Anyway How’s the hundredaire getting on with taking the Beeb to the cleaners for slander? Nothing, nada, zilch, never, non, nein, negative? Who would have thought it eh?

     

     

    Tickets! Tickets! Who wants a spare ticket for a club that doesn’t exist

  4. Dontbrattbakkinanger says:

     

    31 January, 2012 at 11:09

     

    Edson Braafheid!

     

     

    On ‘top end wages’!

     

     

    It maks nae sense tae me, and it maks nae sense tae Mo.

     

     

    ……………….

     

     

    Just over 5 months after we signed him he played in the WORLD CUP FINAL!!!!!!

     

     

    BTW, I have no idea how he managed that either!!! ;-)

  5. JohnnyClash says:

     

    31 January, 2012 at 11:11

     

    Presumably Jelavic will be looking for a sweetener/slice of the fee from the menace before he’ll agree to sign for anyone else.

     

    ————————————

     

     

    Probably.

     

     

    When the brown stuff really hits the fan, all of the players will become creditors to the tune of their remaining contracts.

     

     

    Imagine being a player in that position: £2.5m worth of contract to get so much pence in the pound and because of the situation they can still sign for another club yet the contract is still enforceable against the club’s liquidators. It’s like a win-win for the player. Sit on your jacksie for the remainder of the season and get, I don’t know, from a liquidation, 20p in the pound? £500k? It would take a while to get the cash, but you can always sign on for another team in the summer.

     

     

    I’d have a piece of that action.

  6. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    lionroars67 says:

     

     

    31 January, 2012 at 10:43

     

     

    Transfer fees spent

     

     

    Team 06/07 ,,,,,,,,,,,,, 07/08 ,,,,,,,,,08/09 ,,,,,,,,,,,,,, 09/10 ,,,,,,,,,,,,10/11 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Total

     

    Aberdeen £25,000 ,,,,,,,,,, £106,000 £453,000 ,,,,,,,,,,,,£81,000 ,, £85,000 ,,,,,,,,,,,,,,,,,,,,,,,,,,,, £750,000

     

    Celtic £5,865,000 ,,£5,598,000 £7,434,000 ,,, £8,350,000 , £8,150,000 ……………… £35,397,000

     

    Dundee Utd £650,000 ……….£53,000 …….. £69,000 ………… £52,800 .. £15,300 ………………………. £840,100

     

    Dunfermline £48,400 …………. £0…….. £39,000 …………… £0 ………. £20,560 ………………………. £107,960

     

    Hearts £1,188,000 £1,180,000 £176,000 ………… £450,000 …. £0 …………………….. £2,994,000

     

    Hibernian £240,000 ………..£340,000 £166,000 …………£540,000 £102,000 …………………….. £1,388,000

     

    Inverness £80,000 ……….. £66,000 ……… £56,000 ………………£0 ………… £0 ……………………….. £202,000

     

    Kilmarnock £30,000 ……….. £10,000 ………. £20,000 ……………..£0 ……….£88,000 ……………………….£148,000

     

    Motherwell £132,000 ………..£180,000 £23,000 ………….. £23,000 ….£0 ……………………………….£358,000

     

    Rangers £3,759,000 ..£6,994,000 £8,798,000 …. £7,339,000 .. £6,420,000 ……………….. £33,310,000

     

    St Johnstone £44,000 …………….£0 ……… £28,000 …………..£153,120 … £0 ………………………………..£225,120

     

    St Mirren £130,000 ………………£0 ………….. £0 ……………£30,000 .. £10,000 ……………………….. £170,000

     

     

    Figures taken from STV over last 5 seasons

     

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

     

     

    Sorry,still catching up,but the figures from 08/09 are DEFINITELY wrong.

     

     

    Kaunas window?

  7. What is the Stars says:

     

    31 January, 2012 at 11:13

     

     

    ‘Permanent revolution

     

    Off with their heads’

     

     

     

    Eternal vigilance.

     

    De omnibus dubitandum.

  8. Big Swee walks on with Neil Lennon on

    Interesting point made on the battle for Rangers Soul.

     

     

    Thought that had been sold long ago along with the family silver!

     

     

    I agree with RTC that the publicity war on who indeed is the bad guy has started and Jangle and Jabba have nailed their colours to another dodgy (Dave) mast

  9. greenjedi 11.18

     

     

    If he’d actually won a World Cup winners medal that headscratcher would have been right up there with Djimi Traore having the same European Cup winners medal as McNeil, Johnstone, Lennox etc

  10. I'm Neil Lennon (tamrabam) on

    The bhoy from the village

     

    I too was disgusted when the bunnet took flak while raising the league flag at CP

     

     

    For what its worth I reckon that a small amount of fans booed the bunnet (perhaps for his stand on the rebs and maybe his perceived tightness,) IMO more people booed the booers, but of course it all just sounds the same to the TV

     

     

    Anyway, it was a poor show

  11. ernie lynch @ 11:13,

     

     

    “This has to be about Murray and his reminaing influence with the old media”

     

     

    Succulent Lamb never tasted SSSSOOOOooooooooooooo good!

  12. SydneyTim says:

     

    31 January, 2012 at 11:13

     

    Mort rfc are not in trouble because of last 3 years

     

    That goes back 12 years

     

    Dirtymac ? Keanes wages were covered by robson, Caldwell , McManus all freeing up wages

     

    The other 2 ?? An embarrassment , what did they do??

     

    Ps forget to mention robson and caldwelld transfer fee

     

     

    Fire Sale , reinvested in permenant players. Zero

     

    ————————

     

     

    <sarcasm>Aye right enough, you’ve got me.

     

     

    Apparently we didn’t have to pay for Fortune, Ki, Fox, N’Guemo, Hooiveld or Rasmussen that season. The figures in the papers were all a nonsense used to disguise the fact that selling on three players for £5.5m was used to cut debt.&lt/sarcasm>

     

     

    Evidently you don’t actually understand the concept of ‘balancing the books’.

     

     

    Mea Culpa.

     

     

    BalancingBooks101:

     

    To balance a spend of £12m on players, you need to ensure that £12m comes in.

     

     

    Here to help :-)

     

     

    Note: we didn’t manage to balance the books on player spend that season, very far from it in fact.

  13. The Bhoy from the Village on

    I’m Neil Lennon (tamrabam) says:

     

    31 January, 2012 at 11:22

     

     

    I agree on the root cause you suggest and it was driven by the media, however in my heart I think that few people were boo’ing the boo’ers

  14. BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS says:

     

    31 January, 2012 at 11:19

     

     

    07/08 too.

     

     

    They brought in the likes of Cullar, McCulloch, Whittaker, Cousin, Naebalance, etc for about £11m.

     

     

    In fact, from 07/08 to 08/09 they spent about £29m.

  15. BigSwee,

     

     

    I said as much this morning, don’t trust a bit of it, the DR are dong what they’re told, Aye Ready

     

     

    HH

  16. Paul67,

     

     

    It’s been a long time since I posted but today feels like a good time to start again.

     

     

    A complicit media, Murray and Whyte are all desperate to try to rewrite their role in this. Given the militant threat from sections of the Rangers support, which we saw last season, I don’t blame them.

     

     

    That any Celtic fan now believes matching Rangers spend would have been a good idea is laughable. Do not be distracted by such disruption, there are tanks to start.

     

     

    Therags….

  17. Philbhoy - It's just the beginning! on

    What’s the rumour mill saying?

     

     

    Are we likely to rub serious amounts of salt into the huns open wounds before the window slams shut in their faces, or is it faeces?

  18. I'm Neil Lennon (tamrabam) on

    The bhoy from the village

     

    Im just glad that you understood my description of who was booing who

     

     

    To keep the theme alive I hear that that there is a lot of boo hooing over the souh side today

  19. This Jelavic rejecting Everton rumour, where has this come from?

     

     

    Just heard its from the fake SSN twitter account – SkySporks News??

     

     

    Anyone confirm?

  20. dirtymac at 10:53

     

     

    There are 2 possible reasons for the discrepencies in Rangers transfer fees as mentioned on STV.

     

     

    1.) As the figures came from the official accounts, they might have only mentioned money spent so if a player cost £4m, but paid in installments, (£2m now, £2m later) the actual spend in that accounting period might be what was used.

     

     

    2.) They didn’t spend as much on the players but “inflated” the prices told to the media to make them look better.

     

     

    Mort

  21. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    SYDNEY TIM

     

     

    As you know,I’m no great fan of the board. I went to my first game in the 60s,and distrust of the board is a default setting for me.

     

     

    Like you,I’ve been particularly p’d off in recent years by certain aspects-PL bonus,banking the Aiden money-which didnae happen according to some,though it’s in the accounts,buying pure pash,etc.

     

     

    Sometimes though,it is wise to pick the moment to battle.

     

     

    The past is past,we have to hope it has been learned from.

     

     

    Guys like yourself and MC,for example-I consider myself a voice in the wildernss,btw-will be on the lookout,

     

     

    Be vigilant,but allow the happy-clappers their triumph,and let us all hope that Cassandra need raise her voice no more.

     

     

    KTF,buddy.

  22. Mort says:

     

    31 January, 2012 at 11:33

     

     

    The first one is what I was thinking. Meaning they’ve listed Jelavic as about £1.5m.

     

     

    However, that would mean that Celtic have been paying all/most the money up front for players.

     

     

    This would not surprise me at all in the slightest – that the orcs would have been buying players on the never-never and we pay all or most up front, with likely add-ons as make-weights.

     

     

    The second scenario is also possible.

  23. I’d like to make a slightly different comment on Rangers plight…

     

     

    I’m a bit of a leftie and I cannot but help seeing the financial shenanigans especially over the last year as a microcosm of the problems with Anglo-American financial capitalism.

     

     

    For City types, Tories, and any number of right-wing commentators Craig Whyte at first glance would be described as an entrepreneur, taking risks, trying to turn round an ailing company.

     

     

    The truth is though he is a spiv who has taken no risk with his own money at all. He bought it for a pound had an outside chance of making a fortune but in any case walks away with a nice little earner for a year of opprobrium.

     

     

    However he is really little different to Lord Ashcroft, Mitt Romney, The Glazers or most private equity investors who just do the same thing more professionally, on a bigger scale and with less scrutiny.

     

     

    What they are all doing..stiffing the HMRC and taxpayers, stiffing the staff and creditors, making money from failure or success is the sad story of the credit crunch.

  24. Dontbrattbakkinanger says:

     

    31 January, 2012 at 11:38

     

    Latest picture from Govan

     

     

    ———————————————————————————————————————————————————-

     

     

    It can’t possibly be.

     

     

    None of those wummen have beards.

  25. dirtymac says:

     

    31 January, 2012 at 11:37

     

     

    However, that would mean that Celtic have been paying all/most the money up front for players.

     

     

    Not necessarily. Any purchase of an asset should be accounted for at cost initially, so even if the fee isn’t paid in full up front, the total cost should still be added to the accounts.

     

     

    Rangers shouldn’t be doing anything differently but we all know they have problems with accounting.

     

     

    Mort