Fife, soft tissue and protecting investors

816

A stream of criticism appeared in yesterday’s comments section to greet media coverage of yesterday’s Scottish Cup draw away to Inverness Caledonian Thistle or Dunfermline on 4 February.  Such is our lot (long) after shock cup defeats; remember, these guys literally have to write something.  No one mentioned 1961 so put your money on a trip to Fife next month.

A few moments ago Celtic confirmed Beram Kayal went through his operation yesterday and is now targeting a return to action for preseason.  Irrespective of the circumstances of the incident in which he was injured, Beram’s is another in a long list of soft tissue injuries Celtic players have suffered in recent seasons, a fact which should engage minds at the club.

Rangers issued a really curious statement following the suspension of trading in their shares by the Plus Stock Exchange.  Many Rangers fans have invested thousands of pounds in club shares and bonds, so one would have expected to read the obligatory suggestion from the company that investors take professional advice when addressing the withdrawal of the share disposal service.  Still, at least they didn’t suggest “Rangers Football Club PLC could survive any administration event but feels it would not be the end of the world if it didn’t”.  That kind of comment from those charged to look after their interests really would alarm shareholders.

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816 Comments

  1. !!Bada Bing!! Kano 1000 on

    Lennybhoy- I was alluding to the fact that we will be lucky to get Bangura out on loan given his track record,let alone get a team to buy him.

  2. That should set up a Barcelona-Real Madrid quarter final, assuming Barça don’t blow a 4-0 first-leg lead over Osasuna.

     

     

    Come on the Mirandés. CD Mirandés for the cup.

  3. Bobby Murdochs Ankle says:

     

    10 January, 2012 at 22:13

     

     

    Try the International Bar at Tollcross, it’s a wee bit rough and ready but is Edinburgh’s main bar for Tims. Or you could try Malones on Forrest Road which I think has been used by a few CQNers as a meeting place for Edinburgh based supporters.

     

     

    If not then you could try the Phoenix on Broughton Road or the Cask and Barrel on Broughton Road which aren’t Celtic pubs but always have a good few Celtic fans in for games. I’ve watched a few matches in both and theyve always been fine, quite safe and no bother.

     

     

    HH

  4. !!Bada Bing!! Kano 1000 on

    screen73, Ten Men

     

    A wee update on Vardy from Fleetwood Town from a guy who played against him on Saturday.He said he’s raw,very quick, will run all day long.Not sure if he is ready to step up yet,got a bit of a bad rep off the park.

  5. jc2 says:

     

     

    10 January, 2012 at 22:48

     

     

    That is true. The hun did at one time refer to us as huns. A wee while ago they tried to resurrect this tradition on FF but all it did is confuse the blighters and it ended up with on-line hun on hun aggression and requests for square-gos.

     

     

    Many people have their own ideas as to when the huns became the huns but, for a man of my age, it started with Iain Archer describing them as huns rampaging through Europe.

     

     

    Other people will have different memories or opinions but thats my story.

  6. Bobby Murdochs Ankle on

    Josef K,

     

     

    Much appreciated, through with the wife and daughter for the weekend, late birthday pressie, so I’m sure I can get away to sight see for 90mins.

     

     

    Bma

  7. brucecassavetes on

    Mr Stimpson

     

     

    Sorry, not doubting your gossip or source – just think the journos would be chomping at the bit if there was even a hint of Smith helping out.

  8. My dear,dear,dear,friend.. Bobby Murdoch

     

     

    Pal.. Ah am gled that ye hiv a likin’ fur the Lad.

     

     

    He has noo been ,oot there and seen the Elephant.

     

     

    And..

     

     

    Wance ye hiv seen the Elephant.. ye hiv seen

     

     

    practically everything..

     

     

    Fur, an Elephant is a Real Puzzle of an Animal..

     

     

    F’rinstance..

     

     

    Ah knew a Fellah.. who had nevah seen the Elephant..

     

     

    Really!

     

     

    And wan day..

     

     

    An Elephantm escaped fae the Circus..

     

     

    It ended up in That Fellah ‘s, whom Ah hiv Mentioned.. Front Gairden..

     

     

    and…as it wiz Hungry.. it looke fur something tae satisfy it’s

     

    well..hunger..

     

     

    It hid spotted the Fellah’s, Prize Floor Beds..

     

     

    A Lovely crop o’ Daffodils and Mairgolds.. and wee rows of Pansies..

     

     

    Nice.

     

     

    So. The Elephant commenced tae Gobble up the Floors..

     

     

    Lovely..

     

     

    At that moment Ma Friend.. Happened tae Look oot o’ his Front Windae..

     

     

    Wow!

     

     

    He couldnae believ whit he wiz seeing!

     

     

    “Whit the Hell is That?,”. he asked his Cat..

     

     

    The Cat took wan look at the Scene in the Gairden.. and

     

     

    Scooted..intae the Loabby

     

     

    Noo, Ma friend.. Rushed tae the Phone.. and called the Polis.

     

     

    “O.K,”the Operator Told him.. Soothingly… “Jist Calm Doon…

     

    Noo. Kin ye Descripe this Beastie, Sir”

     

     

    “Well, it’s a Great big Lump of A Thing.. aboot the size a Western S.M.T. Bus… but, it is no Rid.. it is Grey!

     

    And it his legs like Tree Trunks.. and.. well. Tae Tell ye the Truth..

     

    Ah canny make heid nor tail O’ it..”

     

     

    “Hmmmmmm.. Noo.. Could ye tell me.. Whit is daeing?”

     

     

    “Well, whit it is Daeing is Rather .. well.. Bizarre.. if ye know whit Ah mean..”

     

     

    ” How . Bizarre, then??”

     

     

    ” Jings ,it is Getherin’ Up Bunches o’ Ma Daffodils..

     

    wi’ it TAIL.. and Shoving Them Up it’s…. ****!!”

     

     

    Nice chatting.

     

     

    Kojo

     

    Yer pal. who likes ye aloater.

  9. brucecassavetes says:

     

     

    10 January, 2012 at 22:59

     

     

    The wean in question, cares not a jot about football. She merely reported that Smith was there each time rangers were booked in. Thats it. End of. Draw your own conclusions.

  10. Anytime the huns are on tv and there’s a cut to the directors box, bug-eye has a fabulous looking girl sitting next to him.

     

    I’m going to assume this is not the missus he’s divorcing!

     

    Anyone know who she is?

     

     

    SPF

  11. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    KOJO

     

     

    Superb.

     

     

    Off to work wi a smile on my face-I don’t say THAT very often!

  12. jude2005 is Neil Lennon \o/ on

    T C

     

     

    Heard that numpty. I take it he disnae play poker? It was greeted with compltete silence by thems that know nothing. SEEMINGLY!!!! lol

  13. Rangers v Bayern Champions league, me and my da having a few beers, he says “whit set of Huns are wee booing the night?”

     

     

    Funny as feck at the time”…….

  14. Stewart Regan, the SFA’s chief executive, had publicly demanded clarification from Rangers in November concerning Whyte’s previous ban on becoming a company director.

     

     

    The governing body confirmed on Tuesday that the club has responded to that request but that Regan would not be commenting on the substance of that reply.

  15. Hamiltontim Exiled Tim

     

    Cheer’s lads for your comments, wife sister suffering from Dementia, so have been rallying round as carer etc very demanding, time was limited, she has settled down a bit, so trying to get back to some kind of routine I hope, only problem is, I am halfway there masell, where’s ma tablets jist joaken.

     

    Awerabest PJ

  16. What if Craig Whyte’s cunning plan is to have a sham divorce and have all the assets but none of the liabilities transferred to his wife.

     

     

    Wee Craigie, whose career as a Scottish entrepreneur was looking decidedly shaky anyway, gets barred for life from holding public or private office but his wife now owns Rangers.

     

     

    Ingenuous but surely illegal :-)

  17. Caeser67

     

    Not edu’s girl. I’ve saw her pic in the rags.

     

    Because of the divorce case, I was just wondering if mrs.bug was watching the huns on t.v and then sees mr.bug sitting next to quality shereen. On the phone to her lawyer next day!

     

     

    SPF

  18. jude2005 is Neil Lennon \o/ on

    Whyte V Whyte

     

     

    There goes another transfer fee or ten for ally. Ah the pain!!

  19. Film4

     

    11.40pm-3.55am (long one !!)

     

     

    Once upon a Time in America

     

     

    Epic crime drama starring Robert De Niro, James Woods and Elizabeth McGovern. Noodles, an ageing Jewish mobster haunted by his memories, is lured back to New York by a mysterious letter. His mind drifts back to his friend Max and their Lower East Side gang’s rise to power before the Second World War.

     

     

    (5-star, allegedley)

  20. Here is a thought I had regarding the big tax case.

     

     

    whyte knight said he could not get the accounts audited signed off due to the HMRC big tax bill. The big tax bill was there when sir minty was there, he managed to get them signed off.

     

     

    Me thinks that this because sir minty could draw on MIM i.e. their financial clout. Why therefore, does whyte not draw on his multi-million pound empire and balance cook the books…Mmmm!

     

     

    The answer he doesn’t have the capital or assets that sir minty had.

     

     

    Keep the Faith!

     

     

    Hail Hail!

  21. So we can take it as read that Whytey has stopped doing to his missus what he is about to do to the Teddies?

     

     

    ;)

     

     

    G’night.

  22. I know its old hat, but no single interview with what is essentially an original hun, the man who really built the new Ibrox.

     

     

    the riddles of Nostr-ADAM-uS

     

     

    he is getting at something but i just cant work it out.

     

     

    =======================================

     

     

    Adam shakes Ibrox pillars with warning of bankruptcy

     

    Published on Saturday 2 February 2002 00:00

     

     

    THERE are licensed premises in Glasgow where the regular patrons will consider the recent deeds and utterances of the former Rangers director, Hugh Adam, to be nothing less than acts of treason.

     

     

    This should be regarded as a natural, almost understandable, reaction from immovably devoted supporters of the Ibrox club to the decision by Adam to unload his 59,000 shares in Rangers on the basis that they were heading towards worthlessness, thanks to the unsatisfactory business methods of the chairman, David Murray.

     

     

    Almost certainly viewed as an even more heinous offence would be Adam’s claim that Celtic are run much more competently and that investment in the Parkhead club would be a much sounder proposition for anyone wishing to purchase shares in a football institution.

     

     

    It would be tempting for many to dismiss Adam’s action as merely a gratuitous attack on Murray by a disillusioned, 76-year-old ex-employee carrying a grudge. But Adam has been a candid critic of the way Rangers have operated for years, ever willing to voice his unease – indeed, his incomprehension – at losses he has always insisted were unsustainable.

     

     

    He also has impressive credentials, having been chairman and managing director of Rangers Development and Rangers Pools since 1971, raising the millions which built the modern Ibrox. Adam’s efforts brought the club around 18million, about 60million at today’s values.

     

    To say that his final severance with Ibrox, after three separate terms as a director amounting to about 15 years of service, was done in a fury would be inaccurate, but in conversation this week it became evident that his decision is underpinned by unmistakable disgust.

     

     

    Not given to sensationalism, this essentially conservative disciple of prudent forward planning and low-risk business principles did, however, cause something of a shock by observing almost matter-of-factly that, if Rangers continue on their present track, their ultimate destination will be bankruptcy.

     

    “That’s the logical conclusion to a strategy that incurs serious loss year on year,” said Adam. “In the past five years – and it’s all there in the last annual report – Rangers have lost 80million.

     

     

    “Now, the banks are well known for being a bit more tolerant of companies whose core business is a popular pursuit like football. But there is a limit to how far backwards they can bend to accommodate you.

     

    “David Murray has always had an amazing persuasiveness when it comes to getting people to put money into his businesses, but the signs are that those sources have dried up.

     

    “The 40million worth of shares that ENIC (English National Investment Company) bought a few years ago are now worth about 15million, with no evidence to suggest that they will recover. The money itself, that which was actually invested, was lost some time ago.

     

     

    “Now the latest investor, Dave King from South Africa, will know that his 20million shareholding is worth around half, or even less, of what it was when he bought. No proper businessman will want to buy into that kind of loss.”

     

     

    ADAM sold 12,000 of his 59,000 shares last year and the balance of 47,000 just recently. For the latter, he got 1.15 each; three years ago, they were valued at 3.45. He is convinced Rangers cannot trade their way out of trouble, unless they gain access to a league that will attract higher-bracket income from TV. He was in favour of the proposed Atlantic League, involving the Old Firm and clubs from Holland, Portugal and other countries, but is extremely sceptical of their chances of joining the English Premiership.

     

     

    He is adamant that Rangers do not have the customer base to improve their financial standing through merchandising. “Rangers’ so-called global appeal is a myth,” he said. “When I was there, we did an exercise which involved asking 50,000 fans on the database to recommend a friend or a relative abroad.

     

    “A big response was expected – some were even talking about getting 100,000 names – because everybody in Scotland seems to know somebody abroad.

     

     

     

    “We got back 2,800 names and three-quarters of them didn’t know they had been nominated. It’s no surprise that Celtic are officially the best-supported football club in North America, with more official clubs than anybody else. The difference is the Irish connection.

     

    “Many Irish people may support Manchester United, Liverpool or whoever, but they all – every one of them – have an affection for Celtic. And, of course, Celtic also have a great Scottish following.

     

    “The difference is that, while the Irish all have an allegiance to Parkhead, there are millions of Scots who not only don’t support Rangers, but actively dislike them.

     

    “Despite the claims of international appeal, Rangers are, essentially, a West of Scotland club. They talk of supporters’ buses leaving from all parts of Scotland, but if you look closely, you’ll see there aren’t many from each area and they are not all full.

     

    “This doesn’t mean that even Celtic will earn fortunes from emigrant supporters. There may be more of them than Rangers fans, but it doesn’t mount to the kind of income necessary to fund their ambitions. But Celtic have been, since Fergus McCann’s arrival, much the better-run club.

     

    “Fergus was the most unjustly maligned man in the history of the game, when you consider that he took the club from bankruptcy into the mainstream and built that stadium along the way.

     

    ‘NOW, the Celtic board have more financial heavyweights than Rangers, with people like Brian Quinn, Dermot Desmond and Sir Patrick Sheehy.

     

     

    “It’s only in the last couple of years that Celtic have sustained losses, but over the five-year period they break even. But Brian Quinn and his board are taking steps to warn people that they are not in the business of heading towards bankruptcy.

     

    “For their pains – for doing their job properly – they get crucified in the media, accused of penny-pinching. I don’t understand it.

     

    “They are determined to keep Celtic properly managed, while Rangers, with Murray, is a one-party state and the man in power has an allergy to any form of personal criticism. But he’s not a businessman in the long-term sense of planning and prudence, he’s more of an impresario.

     

    “But what has been happening is unfair on shareholders, and they’re being short-changed.

     

    “It’s a nonsense, too, to say that Rangers’ shareholders are all supporters who aren’t interested in dividends or profits.

     

    “That’s okay for the man with 50 shares, framed and hung on his wall. The number of shareholders in that category would amount to a minuscule percentage of the equity.

     

     

    “But I’m 76 and haven’t had a dividend in years, so what’s the point of me keeping shares until they dwindle to nothing? And I’m certain the people at ENIC won’t be too pleased with their investment.”