Financial Fair Play, Winding Up Orders, new CQN Magazine

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Scottish clubs are now subject to Uefa Licensing and Financial Fair Play Regulations which insist club’s pay creditors in a timely manner or become subject to sanctions.  These pesky rules should prevent debts reaching a maturity of more than six months old and becoming subject of a Winding-up Order.  I am sure old Heavily Conflicted, also known as the SFA president, will have sprung into action on hearing recent news.

The Rangers yesterday issued a short statement following Channel 4’s story that Orlit Enterprise threatened a Winding-Up Order, insisting, “Rangers Football Club is capable of meeting any debts presented legitimately and we would like to stress to our supporters there is no threat to the Club whatsoever”.  They really need to stay on-message… football clubs are never threatened; it’s only the Company which can be liquidated!  Apparently.

I hear Charles Green is on an international bucket collection, Dubai and then onto Australia.  Meanwhile, it is crucial no one disturbs his important work.  When you think of the people who could have taken ownership of Ibrox last year, he has been absolutely perfect.

On other matters……..

The new edition of CQN Magazine is out and available for your consumption.  Written by and for Celtic fans, it is another Celtic joy!

I’m also delighted to report we have been seriously diss’ed by the Italians ahead of Tuesday’s Champions League game. Notes for the dressing room wall coming up soon!
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  1. What Sally’s had to suffer in the last year? Where does this Clown Prince Chawlls get it from? Tommy Trinder?

     

    Sally: worst so- called mgr. of a spl team in the fourth tier. Paid handsomely to stand on the touchline lookin’ like Coco the Clown. Gazillions of shares in a criminal enterprise. Allowed to incite violence at will. Thinks spam is caviar. The only lard addict known to have a platinum loyalty card for Greggs. Worshipped by zombies who are so thick they give the undead a bad name.

     

    Soon to be unemployed and unemployable. Even ole’ Sue Barker would cringe at his desperate ageing lothario tactics, which he mistakenly thought as cheeky chappy flirting innuendo. That boat has sailed…..and sunk.

     

    This excuse for a man must be an embarassment even unto himself when he sees his reflection in a passing window, the mirrors in his home being towelled over to spare him grief.

     

    Aye, mebbe Chawlls is correct, the twat is suffering…..an i.q. and talent deficiency.

     

    All Chawlls needs to do is keep polishing his brass neck for him, until the cash flow is sufficient to do a runner, leaving fat boy to deal with the orc ire.

  2. Re Rangers Statement

     

     

    Don’t know about Unseen Hands but I reckon this pompous flatulent drivel can have come from the unlovely mitts of one man.

     

     

    Your weeks away from the Rectum haven’t done much for your literary skills have they Jabba.

     

     

    Jimbo

  3. Neil canamalar Lennon hunskelper extrordinaire on

    paddy t..,

     

    You expecting a run anytime soon, I predict they will be low fifties by end of trading tomorrow, excellent opportunity for the day traders, a wee bet per point drop is buying money.

  4. ‘The matter is unworthy of further comment.’

     

     

     

    So, err, here’s a further comment.

  5. Buying back the Arsenal shares? Will that be the same shares? I don’t think so. There is no way that Alisher Usmanov will reduce his holding.

     

     

    Having sold the 16 historic shares for £230,000 minus dealing charges (trousered by the Whytey), it will now cost them £256,000 + dealing charges to buy 16 shares. Could they afford to do that? I doubt it.

     

     

    If they do buy 16 shares then will they have an unbroken link to Arsenal going back to 1910? No. How could they? They are a new club created in 2012.

     

     

    Oh! I forgot they can do anything with history.

  6. rangers statement :

     

     

    any any level of business , would any executive allow that document to pass out as an official communication ?

     

     

    Any investor, really would look at the posturing and think , lets get out of here.

     

     

    this in particular –

     

     

    “Rangers are no longer soft touches. We will not bow to or run from bullies and we will not be pressured into handing out even £1 if it is not merited”

  7. Neil canamalar Lennon hunskelper extrordinaire on

    Must admit, loved his dig at the press and how they are being investigated :oD)))))

     

    What a copulation simulation the fool is.

  8. •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on

    Is there a name to the Sevco release? Is that written by Traynor?

     

     

    It’s written in cheap tabloid fire-’em-up style, but definitely not quality journalism.

  9. •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on

    Thanks :)

     

     

    I think maybe it’s just that I don’t want my real-world friends knowing how much time I spend here :)

  10. Saint Stivs-“bullied”, ffs ,they should ask the guy fae Raith Rovers ,family protected after death threats,briefed on “viable devices”and packages through the post.

  11. alex thomson‏@alextomo

     

     

    RFC statement clearly implies Orlit ‘invented’ their invoices – but they state the club can easily pay off the money

     

     

    Expand Reply

     

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    6m67Ecosse‏@67Ecosse

     

     

    @alextomo can you elaborate upon the 2nd paragraph in today’s blog? various rumors actual cash raised was less than half of what was touted.

     

     

    Expand

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    1m alex thomson‏@alextomo

     

     

    @67Ecosse patience

  12. Jabba’s latest – telling the Orkenkind to unite:

     

     

    “RANGERS, once again, appear to be under attack from the vindictive and downright malicious.

     

     

    This isn’t paranoia and nor is it an attempt to play the victim card. There is no need for Rangers to do that because this club are no longer victims.

     

    Rangers are in an extremely healthy financial position despite the best efforts of the media and others to suggest otherwise. Their desperation to see Rangers fail appears to be blinding them to a reality they don’t wish to view.

     

    And I’m afraid their bile towards Rangers has poisoned their systems.

     

    Once again, however, Rangers fans feel they have to react. Some are fretting, others are simmering, unsure what to do or say while a fair few aren‘t holding anything in reserve. They are venting their spleens.

     

    Sadly for Rangers fans this is not a new phenomenon.

     

    It is a fact that Rangers’ business cannot be reported in a fair or balanced manner. Stories are written to fit headlines which often bear little or no resemblance to the truth.

     

    Rangers fans have every right to be angry and are entitled to expect the club to deal with those in the media, who wilfully distort, and also that close-knit gang of internet bloggers and posters. They will never have any connection with reality.

     

    Of course, Rangers fans want to know what the club intend doing about this almost constant barrage of abuse. A great deal is the simple answer but the club cannot leap up on to the Ibrox roof and start screaming about the injustice of it.

     

    The club must act in a responsible manner and our supporters have to understand that Rangers cannot react to every single internet bampot or each journalist or paper displaying a clear anti-Rangers agenda. But while it would be undignified to bawl and shout it would also be wrong to say and do nothing.

     

    Over the last couple of days Rangers have tried to make it clear to media outlets that stories claiming a Singapore-based company are owed £400,000 are not accurate. Yet papers, TV and radio ran with their versions anyway.

     

    They continue to report that Rangers face a Winding Up Petition but don’t point out this is a routine way of forcing payment and that there is no realistic threat of closure. They have chosen not to highlight the fact that Rangers believe agreement has been reached on a settlement sum which has actually been lodged with lawyers.

     

    Wording of the agreement is all that stops this matter from being concluded.

     

    But this issue is dealt with elsewhere on this site and I refer to it here only to show how difficult it is for some people to display basic decency and honesty. Despite what they and many in the media wish to believe Rangers are alive and well and there is a plan of action to try to deal with them, and also to curb the more deranged and spiteful critics.

     

    But please, be patient. As soon as the changes agreed for Rangers PR and media kick in the approach will be very different. Details of those changes will be revealed soon enough but let me share something with you right now.

     

    I worked in papers for years and I know that managements, editors and hacks don’t even miss a beat when they hear that a particular club’s fans say they aren’t going to buy the paper anymore. It means nothing because so far these threats have been empty.

     

    Some fans do withdraw patronage but the fact nothing changes in terms of the balance of reporting suggests too few are exercising their right to switch.

     

    If every fan who said he or she would never buy a particular paper again actually didn’t then those publications would be out of business. The bottom line is everything to the managements and shareholders of these companies and a sharp decline in sales would register like a thunder clap at boardroom level.

     

    Too few fans realise just how much power they actually can command, especially if they’d step outwith their different groups and unite in one cause. Believe me, you could make media managements snap to attention and pay closer attention to the agendas of their editors, producers and journalists.

     

    Just imagine the strength to be wielded if, instead of arguing among yourselves on forums, Twitter and Facebook, you all came together and acted as one massive and potent force for change. Just by refusing to acknowledge stories and broadcasts which you believe to be malicious you’d change the entire agenda.

     

    Many are calling on the club to fire out banning orders and writs to various media outlets but an immediate and effective answer lies with the fans themselves. While a supporter cannot change his or her club because of the emotional investment, reading and listening habits can be altered very easily.

     

    If fans can no longer trust a particular journalist or paper to be impartial they can stop reading. If they don’t like the agendas of a particular TV or radio station they don’t have to watch or listen.

     

    Now, before we have the usual suspects out there in media land foaming at the mouth let me make it clear that I am not telling Rangers fans that every journo is working against this club. That level of paranoia might exist somewhere else but certainly not within Ibrox.

     

    But why is it that so many continue to write or broadcast that this club is a new club when it is the owners who are new? Is it a lack of basic intelligence or is it something more sinister?

     

    Why is there this obsession with Rangers and titles? Why is it always written that Rangers went down owing £130 plus million?

     

    Why would a reporter write that Rangers had lost their Tupe case after it had been explained to him that last week’s ruling by the arbitration panel was nothing more than a procedural one and not a final decision on the actual case? A lack of smarts again, or something darker?

     

    There are many examples of this level of reporting with regard to Rangers but I want to point out that I believe there are still a lot of good, honest hacks out there. Maybe they, too, should stand up for themselves and their profession.

     

    But this club’s fans can make their play by realising it is your interest, your angst and rage which encourage the repeat offenders. Believe me, they get a real kick out of becoming the subjects of on-line threads and discussions and by paying attention, even if it is to hurl insults or use unacceptable language to describe them, you give them exactly what they want.

     

    You are just about the only audience they have. Do not indulge them. Ignore their malice, pay no attention to their agendas, and do not let them into your heads.

     

    I know there are various factions among Rangers supporters but why not stand united in this cause? Your attention is their oxygen. It can be so easily switched off.

     

    Tagged under James Traynor Fans”

  13. Oh God Jabba – when were Rangers ever bullied? I demand to know in all of it’s history when they were not calling the shots but, instead, were poor vee victims.

     

    As far as not being pressured into handing out even £1 if it is not merited, that will come back to bite Jabba in his fat, waddling arse when the creditors are once again knocking on the door.

  14. check out Corby Rangers Kung Fu Fighting on you tubbe.

     

     

    cany post the link just now, but that was the funniest one.

  15. B11OYS

     

     

    That Corby Rangers club missed a trick-10 foot of perspex all the way around and charge the public a fortune to come in and view them. That could have caught on!

  16. Their official statements are reading like fanzine contributions. there is a reason for that. The statements are not for us, the bloggers, the decent journos or indeed investors.

     

     

    They are for the fans. They need to be kept on side, paying up and in full siege mentality.

     

     

    Laughable, gullible sevconians. Fools and their money eh?

  17. ernie lynch

     

    18:18 on

     

    7 February, 2013

     

    ‘The matter is unworthy of further comment.’

     

     

    So, err, here’s a further comment.

     

    ———-

     

    That got me laughing ,Thank you

  18. Interesting that Chuckles has reassured the gullible that he guarantees that the name IBROX will be included in any new sponsored name.

     

     

    Can I offer a wee tip to the makers of a well known low-fat spread.

     

     

    ‘ I CAN’T BELIEVE IT’S NOT IBROX.’ STADIUM.

  19. “In an ideal world, for instance, one in which journalism wasn’t at such a damning low it has to be investigated by the highest authorities with culprits facing jail sentences, there would be no need for this Club to respond”.

     

    SUREEEEEEEEEEEEEEEEEEEELY Jabba never wrote that.

     

    pot&kettlecsc

  20. RobertTressell

     

    18:39 on

     

    7 February, 2013

     

    Their official statements are reading like fanzine contributions. there is a reason for that. The statements are not for us, the bloggers, the decent journos or indeed investors.

     

     

    They are for the fans. They need to be kept on side, paying up and in full siege mentality.

     

     

    Laughable, gullible sevconians. Fools and their money eh?

     

    ———-

     

    NAIL HEAD

     

    rable rousing at a dangerous level. Jabba has no soul ,

  21. “That level of paranoia might exist somewhere else but certainly not within Ibrox.”

     

     

    Very responsible Jabba, appealing directly to the nutcases. The new Lord Haw Haw.

  22. RRC,

     

    Unfortunately not..young Dave is though,

     

    I’m at work just now,hence the slow response.

     

     

    i’m

  23. What the sand junkies don’t seem to realise is it was a blogger that broke this news, not their club, they would still be in the dark, although I think that’s the way they like it.

  24. “Your attention is their oxygen. It can be so easily switched off.”

     

    ————

     

    Yes, please switch off their oxygen.

  25. channelislandcelt on

    Evening Bhoys

     

     

    Don’t know if this been posted .

     

     

    Any truth in the rumour that Sevco will play their home matches at Cathkin Park next season and be known as Third Rangers ?

     

     

    HH

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