Gavin Masterton, who as managing director of Bank of Scotland in the 1990s, was one of the financial lynchpins behind the issuance of credit to some of the leading investors in Scottish football, and was responsible for what was seen as reluctance to extend competitive terms to Celtic AFTER Fergus McCann’s takeover, today issued notice that one of his companies will be wound up, as it cannot meet commitments to repay loans by new Dunfermline Athletic owner, Christopher McBay.
Masterton came under pressure, which he eventually relented to, to write-off money he loaned to Athletic to allow it to avoid liquidation last year. He also claims these developments will lead to his personal bankruptcy.
In September last year, Ian Fraser, author of Shredded, an analysis of the debacle that was the Scottish banking industry, wrote in his blog;
“Charlotte Eighteen, a shadowy company based in the tax secrecy jurisdiction of the British Virgin Islands, remains the subject of intense interest among Scottish football fans. Allegedly the holding company for the business assets of Gavin Masterton, the former treasurer and managing director of the Bank of Scotland, it looks like it could be the crux to an extraordinary financial scandal at the heart of Scottish football.”
In March last year, Mail on Sunday wrote: “Bank of Scotland wrote off a £4 million loan to a company owned by Mr Masterton – then sanctioned the £12 million loan to another of his companies that allowed it to skip repayments for the next 35 years.”
In 2004, The Sunday Times, explained that while Masterton was at Bank of Scotland, an associate of his received a loan to buy Dunfermline Athletic, which included a guarantee that the loan would not need to be repaid until the borrower’s shares in the acquiring company were sold. Two years later, after Masterton left the bank, his company bought his associate’s shares and gained control of the club.
I bet the British Virgin Islands are nice this time of year.
Sean’s Trust, the charity setup by our late friend, St John Doyle to aid those dealing with stillbirth, are holding a Terry Christian stand-up comedy evening at the People’s Palace on 24 October. The show, Confessions of a Recovering Catholic, is a light-hearted look the legacy of his Manchester-Irish upbringing and has received excellent reviews. Billy NoWell is also on the bill, performing some of his unique material.
There’s a bar and buffet, tickets are only £16, email seanstrust@gmail.com for details.
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Les flics ont l’argent du Seville.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
14:42 on 29 September, 2014
Re the Jackson article.
I support RD while vilifying those who appointed him.
He should never have been appointed as there should not have been a vacancy.
Meantime he has my support. But he inherited players who performed better under a different structure than the one he has introduced.
I think he needs to go back to square one. Instead of trying to improve those players he has to find out what made them successful in the first place.
Then stage two.
At the moment he is making good Celtic players perform badly.
He is also making good Celtic fans perform badly.
_______________________________________________________
I disagree, he is not getting the committment from Neil Lennon’s players that he should be getting.
Oh, I just realised I agreed, Neil got the very best out of His players but the slide was happening, most definitely the Board didn’t back Neil when they should have, before Karagandy.
A few have said that this whole regime will stand or fall because of Ronny Deila, a bit of a shame really to carry that sort of Burden. Ronny will do well at Celtic, IMO. I couldn’t listen enough to him when we were getting beat by Legia, adversity is when you want to hear good things, I heard a Man that has a plan.
Name me one player who will go on to a better environment when they leave Celtic, Scott and Craig possibly, that means the comfortable zone ones, the ones who won’t or can’t take responsibility will move on downwards, that’s life, they will all still be very well payed for doing a JOB that is sensational.
Celtic are in 1st gear at the moment, IMO, under Ronny D.
philvisreturns @14.27,
I have to agree with much of what you write, especially the bit about the Coalition for Yes. I can’t see how they could have had a real shared vision of Scotland. To me, apart from rejecting Salmond’s total evasiveness, I couldn’t see Scotland voting for the socialist nirvhana that had so many on here excited.
To those who answered my previous query,
Many thanks. I was afraid that would be the likely outcome. Scotland, of whatever hue, will never get the better of the likes of Murray and Masterton.
Not sure Celtic performed a massive pile better last season looking back.
Better defensively in domestic gages, yes. But we took some thumpings in Europe as soon as we strayed from the hard to beat shape.
Personally I wasn’t upset at NFL’s departure. I think he was prudent in choosing when to leave.
Mega fit regime???????? What is all this talk?
Am I the only celtic fhan who looks at this team and cant see 11 mega fit players
Even if they were mega fit, fast runners alone doesnt win titles. If it was that easy st mirren would have all their players running around the local track and hey ho, before you know it, they would be champions of europe and mo farah would be the captain of Barcelona
Pure and utter Pash being talked about the fitness levels of the side who lost one solitary league game last season.
and as for all you who are Ronny D, are you sure you are no Sunny D?
Pure Pash. Your eyes must be shut every week
but hey, some sevconians still think that ally two salary’s is a genius too.
It takes all kinds eh?
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
14:42 on
29 September, 2014
Re the Jackson article.
================
I read from that that you are going out of your way to support Ronny D even though you do not agree with his appointment and the way he has team playing, tactics or team selctions. Am I correct? It’s becaus e you want to support him not because he has done or is doing anything that merits your support.
I do not support him right now as I do not believe his philosphy cannot be implemented and enforced in the Scottish Game in such a short space of time. The process should be gradual and focussed on the education of players with particular attention being paid to the more youthful within our squad.
I have seen nothing, one game apart that gives me any confidence in Ronny D. I would love to say I have and that I can see something in what he is doing that has me thinking this is going to work. I believe he has used 28 (or is it 26 players) so far this season and we are not even out of September yet. Every thing about him is far too fluid and changeable. I just don’t like what I see or trust that I am missing something and he has what it takes to be successful.
Success is not winning the SPL! Sally McMoist could manage us to the SPL (ok i took that too far:-).
MWD said AYE
“Mega fit regime”
Tamrabam,
Who said this?
“I believe he has used 28 (or is it 26 players) so far this season and we are not even out of September yet.”
Moonbeams,
This was always going to happen to a new manager taking over. I’m surprised that you are surprised.
interesting ..? ….VERY
https://twitter.com/endgameinulster/status/516584017815437312
Moonbeams WD. Wee Oscar’s our Bhoy and Kano’s our mhan. The Vow – Critically Rebuked by 45% of this fine nation.
15:01 on 29 September, 2014
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
14:42 on
29 September, 2014
Re the Jackson article.
================
I read from that that you are going out of your way to support Ronny D even though you do not agree with his appointment and the way he has team playing, tactics or team selctions. Am I correct? It’s becaus e you want to support him not because he has done or is doing anything that merits your support.
I do not support him right now as I do not believe his philosphy cannot be implemented and enforced in the Scottish Game in such a short space of time. The process should be gradual and focussed on the education of players with particular attention being paid to the more youthful within our squad.
I have seen nothing, one game apart that gives me any confidence in Ronny D. I would love to say I have and that I can see something in what he is doing that has me thinking this is going to work. I believe he has used 28 (or is it 26 players) so far this season and we are not even out of September yet. Every thing about him is far too fluid and changeable. I just don’t like what I see or trust that I am missing something and he has what it takes to be successful.
Success is not winning the SPL! Sally McMoist could manage us to the SPL (ok i took that too far:-).
MWD said AYE
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Way too far
There is only wan Manager that could fail to win the SPL, and he is locked into the hate factory. ;))
wee oscar’s our bhoy and kano’s our mhan. the vow – critically rebuked by 45% of this fine nation.
last sentence…..hahahahahahaha
Robert Tressel
I agree we took some humpings in Europe. but from Barcelona.
the gulf in class, however between Barca and Legia is quite wide.
Anyway when we did get defeated in the CL – I put it down to lack of quality compared to a side who had the ability to massively outspend us several times over. I never once put it down to the fact that it was because we lacked fitness, Lacked quality compared to the likes of barca, without a doubt.
Has Neilly been offered any managerial posts anywhere since he jacked us in?
If he was a great coach why isn’t he being snapped up by loads of EPL and ECL teams who have replaced their coaches whilst he was/is available?
I don’t understand it.
RobertTressell
14:58 on
29 September, 2014
My thoughts too. There was nothing special about our performances till very late on in last season. Then again, even with £5 million plus players, Martin O’Neill’s teams were not always a great watch.
P67 thank you for promoting Sean’s Trust night at the People’s Palace:
Sean’s Trust, the charity setup by our late friend, St John Doyle to aid those dealing with stillbirth, are holding a Terry Christian stand-up comedy evening at the People’s Palace on 24 October. The show, Confessions of a Recovering Catholic, is a light-hearted look the legacy of his Manchester-Irish upbringing and has received excellent reviews. Billy NoWell is also on the bill, performing some of his unique material
I am organising a Table, so far confirmed at the table: Lennybhoy, Eldiegobhoy, Jamesgang plus one and Celticrollercoaster. Waiting to hear from Cowiebhoy and blantyretim.
If anybody would like to join the CQN Table e-mail me lennybhoycfc@gmail.com or text me if you have my number.
Keep the Faith!
Hail Hail!
Philbhoy
Neilybhoy will likely look harder when he is no longer being paid by Celtic.
MWD said AYE
Petec
In you opinion.
I see Tony Mowbary unfortuantely.
MWD said AYE
We took some beatings in Europe because we were playing Barca and AC.
Petec
i missed my :-))) there
MWD siad AYE
MWD
He is still on the payroll!!!!!!!!!?????
We weren’t playing Barca or AC when losing to Karagandy and Ajax.
Or drawing with Elfsborg for that matter.
Philbhoy
I believe so. 1 year rolling contract tends to have 1 years salary in lou of notice from either party. Celtic precedent is to pay this on a mothly basis as if still employed. So I believe NL has given his 1 years notice and is sitting on Garden leave. Employment by another club will terminate that Garden leave.
MWD said AYE
Moonbeams WD. Wee Oscar’s our Bhoy and Kano’s our mhan. The Vow – Critically Rebuked by 45% of this fine nation.
15:17 on 29 September, 2014
Petec
In you opinion.
I see Tony Mowbary unfortuantely.
MWD said AYE
________________________________________
The cheating was rampant then, not many would have stopped that juggernaut.
Ronny D would be out a lot sharper than Tony Mowbray, of that there is no doubt.
Rome wasn’t built in a Day, as they say.
We overcame Karagandy, and only dropped 2 SPL points in the RD equivalent period where we’re doing substantiantally, more poorly.
Suppose it would be trite to mention Morton and Aberdeen in the cups…
Petec
Rome was not built in a day but as I have stated with regards Rome previously it certainly employed master craftsmen. Of that there is no doubt.
MWD said AYE
PETEC
You reckon we are in first gear under RD yet that is the reason to support him?
I support him because I fear the alternatives. But I will criticise when necessary.
He has taken an underachieving team and made the a hunner times worse.
He needs to go back to where we were,and what made that team successful. Then he can fanny about with it.
Failing that hat,we are on a slide.
And I don’t blame him for it. He shouldnae be there.
I blame the f…..g kingmaker who knows eff all about football and is now showing how that relates to knowing eff all about anything but his wages.
Lawwell is focused on one thing. And it is not on the success of the team. Nor on the success of the manager.
RD is a shot in the dark. Same way most of PL’s signings have been.
The signings don’t work,do what? Next please.
Moonbeams WD. Wee Oscar’s our Bhoy and Kano’s our mhan. The Vow – Critically Rebuked by 45% of this fine nation.
15:18 on 29 September, 2014
Petec
i missed my :-))) there
MWD siad AYE
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
no need, no need, I know where your Heart IS.
It’s like the scene in The Goodfellas where they take over the restaurant.
They still get paid.
Then they torch it.
TBB
don’t mention tripe. I’m already hungry. Ah! You said trite. See that’s waht hunger does to one.
MWD said AYE
Meanwhile back in the ole Gazebo the atmosphere est a couper au couteau.
We did qualify for the CL though?, and didn’t have a new ‘army’ of dissenting or doubtful fans.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
15:25 on 29 September, 2014
PETEC
You reckon we are in first gear under RD yet that is the reason to support him?
I support him because I fear the alternatives. But I will criticise when necessary.
He has taken an underachieving team and made the a hunner times worse.
He needs to go back to where we were,and what made that team successful. Then he can fanny about with it.
Failing that hat,we are on a slide.
And I don’t blame him for it. He shouldnae be there.
I blame the f…..g kingmaker who knows eff all about football and is now showing how that relates to knowing eff all about anything but his wages.
Lawwell is focused on one thing. And it is not on the success of the team. Nor on the success of the manager.
RD is a shot in the dark. Same way most of PL’s signings have been.
The signings don’t work,do what? Next please.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
KTF?
If Ronny goes, the whole lot goes down.
I don’t know what is going to transpire.
Pedro Lawwell has went all in with Ronny D and also John C, I also think John Kennedy is a conduit. I think they know the structure of Celtic a lot better than me, or even you.
That’s the way I Like it.
patience.csc
Paul67
It would be comforting to conclude from the lead that Masterton is likely to receive the fate he deserves, but you’re not saying that.
Too bad.
—————————————————————————————————————–
All best wishes to Ronny and the Bhoys on Thursday and Sunday before another two week break. Two wins would stick in the craw of more than the MSM.
Five competitive games in September undefeated across three competitions. Yes, I’ve seen better football from us in seasons past, but there have been many worse Septembers.
MWD
Thanks for that buddy!
I am still supporting Rony I am still waiting for the team to click into action against ST.Mirren we stuttered against a team with one win to its name this season.Guidetti is proving he knows his way to goal but unfortunately he cannot play against Dynamo Zagreb.We will need to hit some sort of form if we are to beat Dynamo Zagreb.I have no idea why we dont appear to clicking as a team but come on Rony you can do it get the Bhoys playing the Celtic way. H.H.
What’s the difference, materially, in a Ronny Deila Celtic team beating St Mirren 2-1 away from home and a Neil Lennon Celtic team beating Partick Thistle 2-1 away from home?
Is it just that by this time last year, having been in the post of 3 years, we had gotten round to trusting Lenny’s team?
Whereas just now, with Ronny Deila, there isn’t a great deal to place our faith in, and thus we need more to be convinced?
Moonbeams WD. Wee Oscar’s our Bhoy and Kano’s our mhan. The Vow – Critically Rebuked by 45% of this fine nation.
15:25 on 29 September, 2014
Petec
Rome was not built in a day but as I have stated with regards Rome previously it certainly employed master craftsmen. Of that there is no doubt.
MWD said AYE
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I dinnae like all the glitz and glitter, especially when there are so many going without, that should never stop anyone reading the New Testament. It calls out so much, that will never be preached.