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. medtim

     

     

    Im no expert but have read similar from reliable posters.

     

     

    Of course if he really wanted to surely Mr King could buy 26%, his mum could buy 26% and they could buy at market rates and working together would control the clumpany…

     

     

    QB

  2. big-cup-winners

     

     

    17:24 on 27 February, 2014

     

    Tony Donnelly

     

     

    It’ll cost u in there, what sort of connections are on your TV?

     

    ____________

     

    A kinda thought that, that’s why I nipped into e bay there thanks.

  3. Hun Skelper

     

    I accept your viewpoint but as I am old enough sadly to be at most games Jinky played I have to stick with Henke.

     

    But Lubo was better , wait for pelters

     

     

    KINGLuBO

  4. big-cup-winners

     

     

    17:33 on 27 February, 2014

     

    I’m sure you can buy those Apple TV devices on Groupon or Living Social.

     

    _____________

     

    Cheers al have a goosy

  5. Never saw Jinky in the flesh either. But never thought to compare him KoK cos different players.

     

     

    In my CFC Heaven vision Jinky sets them up with Lubo and Henke bursts the net!!!

     

     

    DreamTeamCSC

     

     

    HH jamesgang

  6. Medtim

     

     

    Or you wait a year until 26p was the highest price in the year.

     

    By that time they will be in admin.

     

    (:-)

     

     

    TT

  7. Marrakesh Express on

    Got some Germans in work just now. Sevconian today tried to get smart by having a go at a Schalke fan, mouthing off ‘whit happened tae yer team last night son, what a humping’….Kraut replied..’ at least I am not a fan of zee dead fussball club’….me doubled up.

     

    HH

  8. 16roads 17.34

     

     

    That is scary.

     

     

    Let’s hope we never have such a law in our homeland.

     

     

    TT

  9. Breaking betting news………………………

     

     

    Man who held-up bookmakers in Shettleston with a cucumber gets 40 months!

  10. leftclicktic We are all Neil Lennon on

    Waaaahhhhaaaaahhhhaaaaahahahahahahahahahahahaahaha

     

    So the Union of Fans signing up the deluded to boycott STs at the “hate factory” is

     

    Tinfoil heid and that cracker from the sons of struth Pleeeeeeeeeeeeeeeeease tell me what I just seen on STV news is true.

     

     

    My God tinfoil heid Graham is desperate to get a pat on the head from King after getting it sooooooooooooo wrong with every other saviour.

     

     

    The 3 of them standing getting interviewed was a classic moment that will be sent up by clever bhoy in a short time wahhhhaaaahhhahaha.

  11. Marrakesh Express on

    Would Jorge Mario Bergoglio, Hugh Jarse and Colin Allcars please remember to fill out the latest Rangers Fan survey.

  12. Paul67

     

     

    What a great article.

     

    Funny but true.

     

    Those Sevconian chaps are a bit thick.

     

    The zombies are devouring each other.

     

    What a show!

  13. bournesouprecipe on

    prae

     

     

    “It was a f****** cucumber. Am I getting the jail for this?”

     

     

    GreatQuotes CSC

  14. why do los hunos pick on phil macg on their website when many websites expose their incompetence ?

  15. Any of the guys at the CQN 5s tonight – can you tell Celtfish that he has left his jacket in Paul’s office and he should get in touch with me to organise picking it up.

  16. Marrakesh Express on

    After six months of close scrutiny and in depth financial analysis, a Sevconian has just announced on ssb…’ the Easdales are at it!’

  17. Breaking news: BFDJ didnt know they that Rangers had a sectarian signing policy.

     

     

    “would you work for the BNP ” ?

     

     

    ha priceless

  18. Please could somebody explain to me in layman’s terms what the liquidators (BDO) of the old Rangers aim to do. What is their purpose?

     

    Because the creditors (HMRC and others) refused a CVA I assume that those same creditors believe they will get more money via liquidation? Am I wrong?

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