Marching Newco into the Sea one insolvency at a time

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‘Starve your club of money until I get what I want’ is just about the measure of Glib and Shameless’ statement yesterday.  No one at the SFA, SPFL, the Glasgow City Council, the Co-op/Vatican Bank or Celtic could do as much damage to the Fledgling Rangers as Dave King’s pronouncement.

These people have taken so many wrong turns in this episode it is like they are being operated by a compulsive Karmic puppeteer.  There is a time for withholding ticket sales, Celtic fans did it 20 years ago next month, but Celtic fans had a plan, grassroots support, investors on hand, unencumbered by Fit and Proper concerns, or the law against directors of a liquidated business working in a company using the same or similar name.

Most importantly the Celtic ‘old board’ included some, like Kevin Kelly, who was committed to change, while even the hold-outs were died-in-the-wool Celtic men, if clearly misguided.  None of the decision makers would ever consider razing the stadium.

Fledgling Rangers are at the mercy of hedge funds, some spivs and a couple of ‘Rangers’ men, who must be increasingly frustrated at the attempts of others to usurp what they legitimately bought and paid for.

Before stepping off the ledge – and make no mistake, stopping fans from buying season tickets is the only way to kill not just a club, but any successor clubs – you need to be sure you are in a position to cut a deal, and that you have the cash to make it all possible.  If you don’t have a watertight plan, you are working towards the end of your football club and its dilapidated remains.

I would be utterly amazed if the Easdales or Laxey Partners submit to this Glib and Shameless series of demands.  If they do, I have seriously misread them.

King was on the oldco board when they walked slowly to the gallows, all for the want of the kind of money he now says is needed to make Newco competitive with Celtic.  His chance to bang the populist drum and raise some cash was in the years before the club, stadium, stock and bike were sold for a combined total of £1.

It makes you wonder if there is a plan to march the entire club, and all its symbolism, into the sea, before picking up the driftwood after another liquidation.  For a fan of the club that would be horrendous, but think of the rich pickings available to whoever can grab the assets.

This is high stakes poker, but those forcing the issue don’t have any skin in the game.  Even if the whole thing is washed away in the storms, they will avoid most of the blame.

Delighted to read Fergus McCann on the club site this morning:

“I am very proud when I see Celtic’s progress, its status in Scotland, and its worldwide reputation. Especially when I see the great work of Celtic FC Foundation carrying on the legacy of Brother Walfrid.”

Despite the perspective that the events of 2012 gave us I still meet people who just don’t get what he did for Celtic.  No football fan is under any obligation to worry about their club’s finances but the man at the top is, and when our top man wore a bunnet, our transformation was outstanding.

There is a little over two weeks to go before the CQteN St Patrick’s Night Dinner on Friday, 14 March, at the Kerrydale Suite, Celtic Park.  The beneficiary of  the night will be Kholoni Primary School, Malawi, where we will fund Mary’s Meals to build a kitchen for 1200 kids who currently don’t have meal facilities.

We have received some incredible assistance already (more on what happened in Germany and Belgium when I get the next stage of the development ready), but you can get involved by ordering a personalised beanie hat, with your name on one side and CQN on the other.

Hats cost £15 each and if you order before 7 March you can collect yours at the CQteN Dinner.  If you’re not attending the dinner (and why not?) the £15 will cover postage and packaging.  If you ordered a Virtual Ticket, you’re personalised hat is part of your package.  All profits go to the school kitchen.

Take a look at the front and back of the hats.  To order, email hatfrompat@celticquicknews.co.uk with name, whether you are attending CQteN and address if not, and I’ll get your message to Pat.

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  1. ryecatcher

     

     

    Fergus and Tommy are both Celtic legends in my book, your

     

    post reeks of attention seeking.

  2. Was brought up in Shettleston (Wellshot road) next door to Saint Barnabas chapel house. Every year when the walks went by there was a pause at the chapel house to bang the big drum to ensure the parish priest was awake. Oh what fun they had.

  3. embramike supporting wee Oscar and Res 12 on

    leftclicktic

     

     

    That overview of UTTT proceedings brought a shudder to me as I remembered the lost half day of my life spent there on Tuesday morning !!

     

     

    Also have booked overnight accommodation for the evening of CQteN at the resplendent Babbity Bowsters, a refuge for vintage CQNers in the Merchant City I believe, so I should expect to feel right at home. And no – I won’t be clearing any outstanding bar tabs !!

     

     

    PS Bellgrove was fully booked if any one is still looking :)

  4. voguepunter

     

     

    It’s not bricks through the windscreen you need to worry about in Shettleston – it’s cucumbers.

     

     

    HH!!

  5. prestonpans bhoys dam justice for the 5 on

    some interesting banners shown by Dnipro, wonder if UEFA will have the affront to fine them!?!

  6. Just spotted a political banner at White Hart Lane.

     

    Time will tell if it is one of those banners that uefa do not like or ………….

  7. hamiltontim is praying for oscar

     

     

    17:08 on 27 February, 2014

     

     

    Not me my friend, self imposed boycott of said Stadium.

     

     

    me also, hate that kip

     

     

    HaiI Hail

  8. embramike

     

     

    Oldtim often dosses down there but not sure of his plans for that night. Brian Quinn and family members used it often not sure about nowadays.

     

     

    Oldtim just now is in Sharkeys with blantyretim and Estadio. Drink is being taken.

  9. butsybhoy

     

     

    Not me my friend, self imposed boycott of said Stadium.

     

     

    me also, hate that kip

     

    —————————————-

     

    I quite like a kip :O)

  10. Valentines Day if you ever meet the Maestro then ask him what he thought about being asked to take a 60% pay cut to play on for another season in 1997.

  11. macjay1 for Neil Lennon on

    Auldheid

     

    09:26 on

     

    27 February, 2014

     

    Macjay1

     

     

    Yup I see your point.

     

    The camera angle from the goal makes it seem like there was a touch but the one from behind VVD shoes PP touched ball out of VVD’s reach.

     

    ______________________________________________________________

     

     

    Cheers.

     

    The old lie:

     

    “The camera never lies.”

     

    Oh yes it does.:-)

  12. embramike supporting wee Oscar and Res 12 on

    ElDiegoBhoy

     

     

    Do you know if Babbity Bowsters takes embra dollars ???

  13. They sure do like their statements.

     

     

    Rangers Chief Executive Graham Wallace has issued the following statement.

     

    “In recent days there has been considerable comment and speculation about the financial position of the Club and the motives of individuals managing it following the announcement of short term financing being put in place.

     

    “Much of the comment and opinion is unfortunately ill informed and directed at undermining the Club and the considerable efforts that are taking place to rebuild it following several years of mismanagement.

     

    “Therefore, I feel it is important, for the good of the Club, to set the record straight on a number of issues that are concerning Rangers supporters worldwide.

     

    “Many of the problems that the Board, Executive Team and staff are addressing on a daily basis date back some considerable time and as I said at the AGM in December 2013, there is no overnight fix.

     

    “Building trust in those managing the Club takes time. I understand that fans have a degree of scepticism, but we will demonstrate in due course the improvements being made to all areas of the Club.

     

    “Rangers supporters are naturally seeking assurances that their Club is being run and managed for the long term. We know there are short term financial challenges inherited from previous management, but we are well on track to putting these behind us and building a Club that is both sustainable and capable of delivering the on field success that Rangers is famous for.

     

    “It is therefore extremely concerning that public statements are being made that are factually incorrect. If left unchallenged, they would damage the reputation of the Club and individuals who are committed and working every day to rebuild it.

     

    “It has now been some 70 days since the AGM and our review of the entire business is progressing well. We are identifying the changes needed to reposition the Club on all fronts. No one is hiding behind a timeline to complete the review, but to develop and implement change in the correct manner requires time to get it right.

     

    “Of particular concern are media comments that the Club has been offered significant interest free loans which have been declined. This is wholly untrue and supporters need to know this.

     

    “Further comment about withholding future ticket revenues is also damaging to the operation of the Club which, in common with many others, operates on a cyclical basis.

     

    “We are putting in place a business structure and operational model that will protect and develop Rangers Football Club for future generations.

     

    “We know the Club will require investment in the future but until we have addressed the problems and deficiencies of the past, it would be foolhardy to seek additional investment without a clear plan of how to use it. We are also making good progress on the development of our medium term plans.

     

    “You, the fans have been tremendous in your support for the team over the past couple of seasons. As I outlined at the AGM, a process of improving fan engagement has commenced with the launch of the Club’s Ready To Listen campaign. This initiative has been welcomed by a great number of supporters and the results will be analysed and actions implemented in the near future.

     

    “The Board and Executive Team fully understand how important the fans are to the Club and we will never take this for granted. I made a personal commitment at the AGM to improve fan engagement and we have started on this process.

     

    “The values Rangers Football Club is famous for, and proud to honour, include professionalism, integrity and honesty. Everyone involved with the Club shares these values and is working hard every day to ensure that the Club will continue to progress back to the top of Scottish and European football.

     

    “We need to do this together. Divisive campaigns, fuelled by inaccurate statements played out in the media benefit no one, particularly Rangers Football Club.”

  14. “The values Rangers Football Club is famous for, and proud to honour, include professionalism, integrity and honesty.”

     

     

    This is my favourite bit >}

     

     

    HH

  15. prestonpans bhoys dam justice for the 5 on

    The values Rangers Football Club is famous for, and proud to honour, include professionalism, integrity and honesty

     

     

    hahahahahahah tell that to their former creditors……..

  16. How can any statement benefit the dead?

     

     

    “Divisive campaigns, fuelled by inaccurate statements played out in the media benefit no one, particularly Rangers Football Club.”

     

     

    The Deady Bears are seriously deluded.

  17. TET

     

     

    The statement fails to mention bigotry and sectarianism throughout their belonging. Doubtless that’ll be in tomorrow’s statement.

     

     

    They truly are stuffed and nowhere to go.

  18. So this same farce is being played out with the Sevco as it did with old co.

     

    Something I never understood the last time with Oldco was why the creditors did not force the sale of all the property assets to recover monies owed.

     

    So fast forward to now ………. Same question , when Sevco go into admin can Laxey and the major shareholders sell all the assets and cut and run?

     

    Hope to goodness they can??

  19. ryecatcher

     

     

    Fergus, Tommy, and now the maestro…..divisive I would say,

     

    don’t like this, I take what’s said on here with a pinch of salt and

     

    try not to fallout with anyone so lets leave it.

  20. prestonpans bhoys dam justice for the 5 on

    Burghbhoy

     

    20:25 on

     

    27 February, 2014

     

     

    “when Sevco go into admin can Laxey and the major shareholders sell all the assets and cut and run?”

     

     

    me thinks that’s why they are in this game, hedge funds do that for the shareholders not to win a league :)

  21. Wonder if Paul our Maestro will fly back from Oz,for the Bunnet love-in come August?

     

     

    1997. In those last months of his career as Celtic’s captain and probably their best player, there was tension behind the scenes between McStay and Fergus McCann. McStay had agreed in principle, due to his wear and tear, to be used sparingly the following season, before McCann abruptly told him his basic pay would take a swingeing cut. It was an unsavoury episode that left the club’s longest-serving player facing a 60% reduction in salary, without any bonuses, and reduced to putting out feelers via friends to any clubs that might employ him. Around Parkhead today, some still view this incident as one of the stains on McCann’s tenure at the club.

  22. Pogmathonyahun aka Laird of the Smiles on

    The hun’s / King’s demands reminded me of the ‘Scottish Dirty Harry 2’ clip on You Tube ( not suitable for direct link here due to language):

     

    Ah want

     

    1. A Gregg’s Steak Bake

     

    2. A piece and lemon curd

     

    3. A piece and Jam

     

    4. A bottle of wine

     

    5. A flight ready to go on holiday

     

    6. £18 spending money

     

    Understood!

  23. The “statement” indicates that they are unreconstructed, bigoted, sectarian and bitter Huns.

     

    No more and no less.

     

     

    HH

     

     

    Gerry

  24. Valentines day……

     

     

    I know what you are saying mate,but find it hard to forgive McCann for the way he treated two of my heroes.

  25. 67Heaven ... I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors on

    ryecatcher

     

     

    20:31 on 27 February, 2014

     

     

    You are joking, aren’t you ……. Anyone can fall out with anyone at any time about anything

  26. 67Heaven ... I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors on

    ryecatcher

     

     

    20:31 on 27 February, 2014

     

     

    ……that’s what life / business etc is all about (sorry, hit send key accidentally on previous post … :)

  27. Oscar positive thoughts unionbearBhind on

    jackie mac

     

     

    unfortunately its all to real and If I had a facebook or twitter account it would be up there for as many people as possible to sign Maggie was a blight to all scots, and didn’t give a damn about anybody on a low income, so please if you disagree with parliament trying this on sign this petition

     

     

    Dear John,

     

     

    There’s a new campaign which is getting a lot of attention on the 38 Degrees Campaigns By You website.

     

     

    Tomorrow MPs will be debating the possibility of re-naming the August bank holiday as “Margaret Thatcher Day”. [1] But 38 Degrees member Louise has started a petition against the idea, and it already has over 75,000 signatures.

     

     

    Thousands of 38 Degrees members have already commented on the petition on the 38 Degrees facebook page. [2] It’s something some people seem to feel incredibly strongly about. What do you think? Should we have a Margaret Thatcher Day?

     

     

    If you agree with Louise, you can sign her petition here:

     

    https://secure.38degrees.org.uk/margaret-thatcher-day

  28. Prestonpans Bhoys

     

     

    Hope you are correct buddy.

     

    That’s my take on it.

     

    Being owned by a hedge fund is surely different from a few individuals.

     

    They are in it from maximum profit.

     

    My concern would be, who do the Bears vent their bile at when Laxey sell to Sevco. After all you can’t threaten a hedge fund??

  29. Voguepunter….

     

     

    Glasgow Herald from an interview with the Maestro and Graeme Spiers in 2001.

     

     

    I loved Tommy and Paul and still resent McCann for the way he treated them.

     

     

    Can’t help it….sorry!!

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