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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835 Comments

  1. A Ceiler Gonof Rust Says Hail Hail Big Fraser on

    Auldheid, when yourself BRTH, Canamalar and Morrissey are in these meetings with the club representatives do you feel they understand that Celtic as a club were cheated by the authorities. I’m not probing for any definitive answer or fishing (I know better), just trying to get a feel for if the club feel the same injustice as “much” of the support.

     

     

    HH

  2. Auldheid,

     

    Thanks for that.

     

    The perceived silence is one of the great worries. In general, not only from me.

     

    And it is not without merit, we need to defend ourselves more robustly.

     

     

    But I am reassured by your response.

     

    And do trust the integrity of those involved.

     

    All of them.

  3. A Ceiler Gonof Rust Says Hail Hail Big Fraser on

    Doc, I might be tempted for an overnighter in ABZ if you promise to take me to the Grill. There’s also a new whisky bar opened recently. A new whisky bar is the only thing that will top trump No.7 or P.E.’s.

  4. Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma on

    ACGR

     

     

    If I may borrow a phrase from the meeting, the club know that certain other parties were “blowing smoke out of their arse” rather than give a straight answer to the club’s previous questions!

     

     

    It would appear that such questions got on someone’s wick—– for some reason!

  5. tom molach

     

     

    Easdales + fund managers have ploughed another £1.5m into the club, albeit secured. I have always maintained that this version of rangers will not go into admin again (ed. What version do you mean?) Imagine the humiliation around the golf clubs of scotland if Laxey, or more importantly, Artemis (The Profit Hunters [sic]) let one of their investments go south. IMHO won’t happen. This is where I disagree with your Phil macs and the like. Easdales + fund managers will feed it cash until it trades out of this hole. They have too much to lose in an admin/rights issue situation. That’s why the CEO is in place with his hatchet man Nash. I’m a turnaround business guy. They are doing what I would do….1.5m of debt or get diluted and lose 22m. Easy decision. I’m no Neil Patey. I’m better.

  6. Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma

     

     

     

     

    23:59 on

     

     

    27 February, 2014

     

     

     

     

    Spent the day with Auldheid, Canamalar and Morrisey23rd followed by Paul67, Winning Captains and Celtfish.

     

     

    Jasus — them bhoys can talk forever ;-0)

     

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

     

    Pot friggin kettle :)

  7. Kilbowie Kelt will vote YES on

    Anything spoken about with the club should not be kicking about on a public forum.

     

     

    I would advise discretion from all concerned.

  8. Auldheid

     

     

    You would need Mike Tyson to get some of they bhoys to shut up!

     

    A good heavy weight crowd, hope it went well.

     

     

    Kikinthenakas

  9. A Ceiler Gonof Rust Says Hail Hail Big Fraser on

    BRTH, thanks. It’s good to know the club are taking the issue and you guy’s seriously.

     

     

    Hail Hail bruv.

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

    Nothing to do with football (or independence) but…havve any of you been watching the aurora tonight?

  11. Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma on

    Doc,

     

     

    Very VERY difficult to expand in the circumstances and in terms of what we agreed as a course of action.

     

     

    What I would repeat is that Celtic had already asked certain questions as far back as 2011.

     

     

    That started a process that is still ongoing, is active and will be pursued.

     

     

    .

  12. A Ceiler Gonof Rust Says Hail Hail Big Fraser

     

     

    Given the Comp Sec is a life long Tim I would be amazed if he did not.

     

     

    Caution though, he can advise policy but does not decide it so it would be misleading to take too much from that on its own.

     

     

    You know me for analogies the arrows are being shaped but we are not the bowmen and I think this and the fact it is a step by step process needs to be taken into account.

     

     

    A useful phrase from today was there is often a tension between transparency and efficiency in dealing with all sorts of issues and this is one of them.

  13. A Ceiler Gonof Rust Says Hail Hail Big Fraser on

    kikinthenakas, how you doing buddy, are you back at the sclaffbaw yet or have they hacked yer other leg aff?-)

     

     

    When you get a chance drop me a text. I lost your number when my phone got nicked by pedro the thieving Spaniard.

     

     

    Hope your recovery is going well.

  14. thomthethim for Oscar OK on

    Every player has an allotted time in his career.

     

     

    Some, like Bobby Lennox, enjoy an Indian summer and extend their time in the game.

     

    Some, like Brian Mc.Laughlin, have their careers cruelly cut short through injury.

     

     

    Paul Mc.Stay, had a glorious, but relatively unsuccessful career at Celtic, but his stature and ability earned him legendary status.

     

     

    For his loyalty to the club, he was granted a Testimonial game against ManU.

     

     

    I know, because I left home at 3.30 am on a cold November morning to travel to Glasgow for it.

     

     

    However, it was widely known in certain circles that TB tried to get a new contract for him on existing terms, but Fergus sent for his medical records and offered a reduced one, based on his fitness level.

     

     

    To suggest that Celtic should have paid a playing contract to a lad who was not fit to play, is ludicrous and would represent a misappropriation of club funds.

     

     

    I ‘m sorry that a poster chose to raise this incident tonight, in order to mount a vindictive attack on a man who was being rightly lauded for his pivotal role in preventing Celtic from the ignominious fate of our erstwhile rivals.

     

     

    In doing so, he opened a can of worms, which provoked some of us to put the other side of the story out.

     

     

    Mc.Cann deserves that.

     

     

    P.S.

     

     

    Many think that the sponsoring of Paul Lambert, when he went to Germany was a misuse of club funds,also

  15. BRTH

     

    0.35

     

     

    In that respect I’ve sent you an e mail that I think will get you thinking about a key issue. Been doing my homework.

  16. A Ceiler Gonof Rust Says Hail Hail Big Fraser on

    •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-•

     

     

    I’m off to look out my back door and see if there is any sign of this aura.

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

    Ah, that Paul Mcstay testimonial. I was up in the gods with vertigo, there was thick fog amd ManU had their silver-grey strips on. Every now and then the ball would appear to be going out over on the far side and then would suddenly change direction and come back into play as if by magic.

     

     

    (Or was that someone else’s testimonal???)

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

    A Ceiler Gonof Rust Says Hail Hail Big Fraser

     

     

    There are amazing fotos appearing from fairly well south, but family & friends in N England tell me they can’t see anything

  19. Gincher 67

     

     

    If the season ticket money is withheld can the present board trade their way back to challenge us. I agree that you lay out the sensible option but I think King ‘s intervention must threaten that plan. In this scenario is another administration not more likely?

  20. Kilbowie Kelt will vote YES on

    TET,

     

    I know that the guys involved are too smart to divulge anything significant, but I also know that the most innocuous of remarks can be picked up & twisted.

     

     

    Whatever you say, say nothing….

  21. THE EXILED TIM

     

     

     

     

    00:17 on

     

     

    28 February, 2014

     

     

     

     

    Auldheid

     

     

    If you were a betting man, what odds would you give on Res 12 being successful ?

     

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

     

    As you know I am not a betting man but you raise an interesting point, what would you and others say was a successful result?

  22. A Ceiler Gonof Rust Says Hail Hail Big Fraser on

    •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-•

     

     

    No sign of this aurora in deepest darkest Carmyllie. It’s a jet black star filled sky, very very beautiful and I did give the farthest corner of the acgr grounds a bit of a watering so its not all bad.

     

     

    I’ve never seen this mythical thing except on the telly.

  23. Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma on

    Auldheid

     

     

    Aye — I have read it — I need to check back on the previous e-mails re the articles and on all of the articles themselves because I think there is a touch more to look at than what we considered today.

     

     

    Specifically in relation to 66 and 54 — need to think about what prompted the “I love you” e-mail and the thinking that lead to what prompted that.

  24. A Ceiler Gonof Rust Says Hail Hail Big Fraser on

    Aulheid, thanks. That’s positive enough for this tim.

     

     

     

    HH

  25. Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma on

    Anyway and more importantly— I can’t believe that my tap dancing and simultaneous Kazoo playing routine has been axed from the entertainment schedule at CQ10!

     

     

    Some people just don’t recognise class when they see it.

  26. Auldheid

     

     

    You fine know well where I stand.

     

     

    Sort the referees, sort all our problems.

     

     

    As I have said to you many times, on here and face to face, thay can cheat all day long off the park, but a level playing field on the park is my dream.

     

     

    We will overcome anything they can throw at us off the park, as long as we have that level on the park.

     

     

    That’s what I and I would imagine 99% of Celtic supporters want.

     

     

    And am delighted yous are doing the biz for us.

     

     

    HH

  27. THURSDAY, FEBRUARY 27, 2014 BY TSFM

     

    A Guest Blog by Auldheid for TSFM

     

    Honesty requires both transparency and accountability. In pursuit of honest, transparent and accountable governance of Scottish football, and only that objective, the following letter, with attachments, has been sent to SPFL lawyers, CEO and SPFL Board Members.

     

    An honest game free from deception is what football supporters of all clubs want. It is the action the letter and attachments prompt that will tell us if there is any intention of providing it.

     

    It is a response on behalf of readers here on TSFM, but the sentiment which underpins it is almost universally held amongst fans of all clubs. Importantly it is a response directly to all clubs, especially those with a SPFL Board member, that will make the clubs and the football authorities aware just how seriously supporters take the restoration of trust in an honest game, honestly governed.

     

    The annexes to the letter contain information which may be published at a later date. We thought it appropriate to first await any response from any of the recipients.

     

    Please also draw this to the attention of friends who are not internet using supporters and love their football and their club.

     

    Auldheid

     

    __________________________________________________________________

     

    Harper MacLeod

     

    The Ca’d’oro

     

    45 Gordon Street

     

    Glasgow

     

    G1 3PE

     

    19 Feb 2014

     

    Copy sent to SPFL CEO and Board Members *

     

    Dear Mr McKenzie

     

    We the contributors to The Scottish Football Monitoring web site write to you in your capacity as the legal adviser employed by Harper MacLeod to assist the Scottish Premier League (now the Scottish Professional Football League) to gather evidence and investigate the matter of incorrect player registrations involving concealed side letters and employee benefit trusts as defined in the eventual Lord Nimmo Smith Commission.

     

    We note from the then SPL announcement that set up an enquiry that the initial date range to be covered was from the inception of the SPL in July 1998, but that was changed to 23 November 2000 because, according to our understanding, that is the date of the first side letter supplied by Rangers Administrators Duff and Phelps. It is also our understanding that the SPL asked for all documentation relating to side letters as well as the letters themselves.

     

    It is a matter of public record that Rangers Administrators failed to supply the SPL all relevant documentation. Indeed the seriousness of not complying with SPL requests was the subject of an admonition of Rangers/Duff and Phelps from Lord Nimmo Smith under Issue 4 of his Commission.

     

    Quite how serious that failure to comply or concealment was in terms of misleading the Commission and so Lord Nimmo Smith can now be assessed from the information contained at Annexes 1 to 10 attached.

     

    We think that as legal advisers to the SPL (now the SPFL) you have a responsibility to make them aware that their Commission was misled by the concealment of documents starting on 3 September 1999, and signed by current SFA President Campbell Ogilvie, whose silence on the ebt matters referred to in the attached annexes* is questionable at the very least.

     

    This letter but not attachments is being posted on The Scottish Football Monitor web site as this is matter for all of Scottish football and support for the issue being pursued to establish the truth can be gauged by responses from supporters from all Scottish clubs once the letter has been published there.

     

    A copy of this letter with Annexes has also been sent to the SPFL CEO and members of the SPFL Board.

     

    Acknowledgement of receipt and reply can be sent by e mail to:

     

    (Address supplied)

     

    Yours in sport

     

    On behalf of The Scottish Football Monitor contributors and readers. http://www.tsfm.org.uk/

     

    Addressees copied in

     

    Neil Doncaster CEO

     

    The Scottish Professional Football League

     

    Hampden Park

     

    Glasgow G42 9DE

     

    Eric Riley (Celtic),

     

    The Celtic Football Club

     

    Celtic Park

     

    Glasgow G40 3RE

     

    Stephen Thompson (Dundee United),

     

    Tannadice Park,

     

    Tannadice Street,

     

    Dundee, DD3 7JW

     

    Duncan Fraser (Aberdeen);

     

    Aberdeen Football Club plc

     

    Pittodrie Stadium

     

    Pittodrie Street

     

    Aberdeen AB24 5QH

     

    Les Gray (Hamilton),

     

    Hamilton Academical FC

     

    New Douglas Park

     

    Hamilton

     

    ML3 0FT

     

    Mike Mulraney (Alloa)

     

    Alloa Athletic FC

     

    Clackmannan Road

     

    Recreation Park

     

    Alloa FK10 1RY

     

    Bill Darroch (Stenhousemuir).

     

    Stenhousemuir F.C.

     

    Ochilview Park

     

    Gladstone Road

     

    Stenhousemuir

     

    Falkirk

     

    FK5 4QL

  28. A Ceiler Gonof Rust Says Hail Hail Big Fraser on

    Craigellachie10, are you in the village? I used to spend a lot of time there about ten years ago. Stayed in the Craigellachie hotel when Duncan Elphick ran the place and the wee Japanese (god, I’ve forgotten his name)!!guy ran the bar. He was a top man. Ex Suntory and the most knowledgeable drammer I’ve ever met. I stayed in the highlander after Duncan and him took it over and hope to get back there in a couple of months.

     

     

    Love the place, it’s whisky heaven.

  29. e=mc2 skiving at work on

    The Spirit of Arthur Lee

     

    22:45 on

     

    27 February, 2014

     

    e=mc2 skiving at work

     

     

    Getting post removed

     

     

    Bring back the bin ffs

     

     

    ———————

     

     

    Hey man, it was a funny post! No offence taken at all. Was going to respond but had started watching ‘The Killing”, a detective series which is almost as good as Breaking Bad

  30. thomthethim for Oscar OK on

    •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-•

     

     

    00:41 on 28 February, 2014

     

    Ah, that Paul Mcstay testimonial. I was up in the gods with vertigo, there was thick fog amd ManU had their silver-grey strips on. Every now and then the ball would appear to be going out over on the far side and then would suddenly change direction and come back into play as if by magic.

     

     

    (Or was that someone else’s testimonal???)

     

     

    *****

     

    No, you are correct.

     

    Our tickets were for the west stand behind the goal. At that time it was only half built and had a ” stop end” from top to bottom.

     

     

    Being an obedient type of guy, I found our swears, in the back row, up against the stop end.

     

     

    Couldn’t even see the near goal. There wasn’t anyone sitting within thirty yards of us, so we moved down to the front.

     

     

    I never had any time for Ferguson, going back decades, but that night, I felt he insulted the Celtic support and Paul Mc.Stay.

     

     

    Not only did he send his team out, on a foggy night, with those grey strips ; the same ones that he got his team to change at half time in an English league game, because the players couldn’t ‘t find each other, but there was inky on recognisable first team player in the squad.

     

    Steve Bruce.

     

     

    Horrible man!Fergie, not Bruce.