News that Hearts are set to go into administration today will give Scottish football has yet another morality lesson to consider, but this time, there will be no pleas for rule changes, no lobbying by the massed ranks of the media for other clubs to ‘do the right thing for Scottish football’, as opposed to the actual right thing. Hearts will face their fate with a straight bat.
This is an unusual football insolvency. Normally clubs go into administration when they cannot cut costs quickly enough to satisfy a creditor but on this occasion it was the way the club’s debt was structured which caused the problem.
While Celtic have long term loans with fixed repayment terms stretching years into the future, Hearts owed money to their own shareholders, most of which was repayable on demand (as almost all non-term loan bank borrowing is). If Hearts shareholder-creditors had issued loans instead of an overdraft, as long as the club continued to make repayments administration would not be on the table.
Ukio Bankas and UBIG, once both controlled by Vladimir Romanov now both insolvent, extended generous credit to the club without the formalities of an agreed repayment schedule. This informality led to their ultimate downfall.
I’ve read interesting views elsewhere that the absence of Rangers International from the SPL has claimed a further victim but there is no evidence to suggest that RI FC playing in the SPL would have sufficiently supported the Lithuanian property and investment market to prevent the collapse of the country’s banking system.
As far as we are concerned it is business as usual but there could be a crunch coming. All we can do is look after Celtic (principally by buying season tickets, never underestimate how important this is) and let nature take its course. If the crunch comes to Kilmarnock (I know, how would this be possible with a sharp kid like Michael Johnston in charge?), St Mirren, Motherwell and others, the game here needs to come up with something more radical than a unitary league body. Any ideas? I’ve one.
You can buy Willie Wallace’ autobiography below:
[calameo code=0003901713852289beccb lang=en page=12 hidelinks=1 width=100% height=500]
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Mighty Tim,
Got it in one mate, and cheers for the welcome
HH
Soal
Yes Bar67 was dubbed so we ended up in my old haunt of Traders in the middle of the Barras. Great wee night!!
MT
You’ve just gone to top of my list :-)
Can you DM me your mobile number please I’ve got a new phone and have lost some of my old numbers, yours included.
Borrowed from the Scottish Governments Report – An Evaluation of Football Banning Orders in Scotland.
2.24 Problematic trends also have the potential to emerge from non-risk groups of fans. For instance, both in Scotland and England, new fan-based groups, some modelling themselves on European ‘ultras,’ have emerged. This was mentioned both at Celtic and in Cleveland where young supporters have adopted a similar style to the Italian Ultras. These are ‘super’ fan groups who wear club colours (unlike the casuals) and often have large banners celebrating club triumphs. Whilst these groups are not currently considered risk groups as such, and have not been actively engaged in violence, there has been some involvement in Scotland in what is effectively [6] sectarian disorder. The growth and activity of these groups needs careful monitoring.
The Green Brigade’, an Ultras group at Celtic, have trod a careful line in terms of engaging in provocations that whilst technically not sectarian, are arguably drawn from – and further stoke – sectarian rivalries and tensions. For instance, their display in 2010 of a banner depicting, rival club Rangers, Ibrox stadium burning, with the slogan ‘let’s go to war,’ was perceived by most respondents here as sectarian both in nature and intent. Some respondents however retained the view that the group’s provocations were ‘political’ and not sectarian.
Hamiltontim.
No problems. I’m never out.
HT is that on twatter the DM. Are you going to the Lions do on Friday
Hh
Can. 11.34
That would appear to be the interpretation.
How the flip can a banner identifying a rival football team with the slogan ‘Let’s go to war’ be perceived to be either sectarian or political!!?????
HT
I noticed that. We got bungled into a Taxi outside Morrisons then made it to the Pub in Wishy for the last hour.
MT
Aye or mail me hamiltontim@hotmail.co.uk if it’s easier.
If I remember correctly the polis engaged the green brigade violently no too long ago
Morning CQNrs. Just back from a round of golf to find that Heart of a Lion has just arrived.
34°C here in SW Germany.
AbeerandareadintheshadeCSC
canamalar1:
According to Scottish Government publications – Celtic were instrumental in the formation of FOCUS. When you read further into the documents it appears, to me at least, that one of the primary purposes of FOCUS was to get the FBO body count up.
They class the Green Brigade as a ‘low risk’ group yet we have all seen and heard how the police treat the Green Brigade.
So AL 11.41
Was that forced into a taxi by the Bear from Rainbow? haha
sorry couldn’t resist,
HH
Don’t want to go back over old ground on the value of Charlotte, but I find it slightly surprising that the media collusion piece from last night hasn’t merited more of a mention on CQN this morning.
hen1rik posted a link to the tweet that gives a link to the email chain at 23:48. Tommysbhoy and Drambowie are the only people to react, I think.
Auldheid is clearly correct in his assessment that we are scarcely reacting to this material because none of it surprises us.
I suppose all I would say about this latest material is that, while it is no surprise and is merely proof, allegedly, of what we already knew about the MSM’s supine, sycophantic attitude to Rangers and Sevco, it is quite a stark example of it, one that would crystallise easily into questions ghuys could put straight to their Sevconian workmates.
It’s not my intention to suggest Celtic people gloat about this or provoke their colleagues, just that we chip away at the lies to let the truth come out. This is the value of Charlotte and, if the MSM is going to ignore her completely, I think it’s only fair for Celtic fans not to.
Maley’s Bhoys @MaleysBhoys 20s
Oh look, Graeme Souness is on SSN. Wonder if anyone will ever investigate why he received an EBT a decade after he left RFC…
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Lily, you’d better get of that PC, yer Granpa will be back in a minute!
HH
Nice day in Ayrshire…
HH
For those of you, like me, that consider it incredulous that the “Let’s go to war” banner is considered either sectarian or political it boils down purely to the mis-perception that still reigns among the general public that we are a Catholic Republican club and they were a Protestant Unionist club.
Put in that context it’s very easy to understand why a poll of the general public might reach that conclusion.
It’s going to take a long time to erase those perceptions.
HT sent number to you on twatter mate.
HH
Jonny,
Hahaha nice one,!!!
HH
Celtic 1st Missed the post last night due t being at Boss concert. Can you re-post link.
Thank you
KTF
HH
I thought it was just because we are percieved to be a Catholic club… Irish Republicanism doesn’t even have to come into it….
HH
C_F
Charlotte’s piecemeal approach is likely to result in it all just fizzling out like a damp banger. S/he understands neither the significance of the material at hand, nor the importance of taking each thread through to a conclusion.
I understand s/he has been offered support to index and cross-reference the material, but declined.
It’s all so very random and naïve. Folk are jumping on a single release and seeing what they want to see, rather than what it is. The more this occurs, the less credible the project becomes.
Pity.
weeminger
That was a reply, forgot about the paste bit lol
HH
weeminger:
was it not Neil Lennon himself that said “every time his players cross that white line he wants them to go to war”.
I think it was rhetorical.
C_F,
You nailed it in your post, no one is surprised, it just confirms what we already knew.
We have become desensitised and disinterested it appears the head in sand brigade are winning, lets just talk about our team and who is the best supported in the world cause we are charitable, complaining about and taking action on real issues makes us look like radical bampots
mighty tim
There is one group whom the Sevconians crave to recognise them as the same club.
One group who matter so much to them that they desperately, desperately need them to say, “No, they didn’t die, only the company died. The club lives on…”
That group will never, ever give them that pleasure, that sense of acceptance.
That group are the best supporters in the whole world, as recognised by both UEFA and FIFA.
The Sevconians acclaim, “they hate us but we don’t care”.
The very fact that they continually have to argue and protest “Only the company died. Not the club…” declares just how much they crave that acceptance and care very, very deeply.
Well, Sevconians, Celtic football fans, not the club; the group of fans recognised as THE best fans in the world, say RFC are dead.
Sevco are not RFC although we do hope they emulate that other clubs final achievement very soon.
Sevco are Sevco.
A new club with little over 140 DAYS of history and only 1 trophy to their name. Possibly the most expensive 4th tier trophy win in world history.
Congratulations. You must be proud.
Soal afraid it’s my right leg also…
MT the auld fella to be there at 5’30, bit too long for me I’m afraid.
Oldtim
Sorry missed your call, will call you soon.
I will mention that the head of the SFA is on the payroll of a member club on every press article he appears in that has a comment facility..
£95,000 worth of complicity.
He was Secretary at clubs which introduced EBT’s with side letters as a form of cheating
So here’s what I would say if I had any Sevconian workmates.
Rangers have been shown to have deliberately fed lies regarding potential transfers to the Daily Record, Radio Clyde and Evening Times and the lamb-eaters duly printed it all. Deliberate lies, aimed at pulling the wool over Rangers fans’ eyes. The media helped your club mislead you. If that ever happened at Celtic Park, the car-park would quickly be over-flowing with Celtic fans demanding answers and demanding the truth.
In August 2011, the Rangers support were told that their club had tried very hard to bring Kenny Miller back from Turkey. Miller signed for Cardiff City on July 26.
Specifically, they were told that Rangers had more than matched Cardiff City’s offer to Turkish club Bursaspor, tabling an offer “believed to be around €850,000”, plus a higher wage offer than Cardiff had made. This message was in the Evening Times on August 10 and in the Daily Record on August 11. The Rangers press team said Darrell King had promised to repeat it on Radio Clyde too.
The message is a bare-faced lie, according to the rest of the emails in the chain.
These emails appear to show that Rangers did table an offer for Kenny Miller on July 19, offering Bursaspor €400,000. This is not more than Cardiff offered. It is half of what Cardiff offered, but is the sum Bursaspor paid Rangers for the player in January 2011. Bursaspor politely pointed out that Cardiff were offering double, plus €200,000 in add-ons.
According to Charlotte’s emails, Andrew Dickson communicated this to Craig Whyte on July 19. Ali Russell responded, asking Dickson if McCoist was keen on bringing Miller back and if the deal could be done quickly if Rangers were prepared to match the Cardiff offer.
Dickson’s response appears to say: “Think his view is that we should not pay more than we sold him for also think Cardiff have offered a very good salary.Think he (McCoist) would rather pay a bit more and get Wallace.”
When the Rangers press team fed the false information to the Evening Times and the Daily Record, the spokesperson, a Stephen Kerr, copied in Whyte, Russell and McCoist.
So, Sevco fans, how confident are you that this sort of thing isn’t still going on? How confident are you that anything the papers say about your club is true?
Lilys Grandpa,
A very warm welcome to yourself.The first leap from Lurker to participation is the hardest.
I will look forward to your continued contributions .
Hamiltontim @ 11.17 It could also be water lily meaning purity of heart.
TSOAE @ 11.22. Although tongue in cheek, surely that is sufficient to rule out any Sevco connection.
Again, kind rgds,
HH Always in celtic.
“I want my players to go to war every time they go on the pitch”
Celtic_First
12:08 on
19 June, 2013
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Timmy lies!!!!!!
.
Hamiltontim
11:40 on
19 June, 2013
How the flip can a banner identifying a rival football team with the slogan ‘Let’s go to war’ be perceived to be either sectarian or political!!?????
..
If the DJ Plays Frankie Goes to Hollywood:Two Tribes..
Summa of When2TribesGoToWarCSC
A Stor Mo Chroi
_____________
It’s easy to go to was if you’ve got warriors like Neil Lennon in the team.
Only saying M8
Hail Hail
TBB
As I said before, I don’t want to go back over the old discussion. I see a story in this material and am happy to have spent some time checking a few dates and figures and sharing it.
I don’t expect the earth to move. I just think Charlotte’s material exposes the liars as liars and the lamb-eaters as their accessories. You know they are, I know they are. But Scotland appears to be chock-full of people in denial.
Charlotte’s stuff chips away at the lies. A lot of us might prefer something huge that blows the whole charade sky-high. Yes indeed. But while all we can do is chip away, I am happy to contribute in whatever tiny way I can.
The truth will set everyone in Scottish football free.
was=war
typo
sorry