If you’ve been here for 12 years you’ll know that Celtic Quick News started because there was a great untold financial story going on in Scottish football. Celtic were castigated by many, including a large portion of their own support, as “prudent”, while Rangers, then under the majority ownership of Sir David Murray, were lauded for their willingness to ambitiously push the boat out.
But there was a problem. Celtic were losing millions every year. Rangers were losing a lot more, £35m in one season alone. David Murray’s company, Murray International Holdings (MIH), were ½ a billion in debt to Bank of Scotland, and rising.
By this stage MIH’s steel business was dwarfed in significance by its property portfolio. They borrowed from the bank and, perhaps with an eye on the fantasy Ibrox Super Casino, gambled that the market would rise inextricably.
For a few years the debt kept rising. “What’s the problem?” many said, if the Bank are prepared to lend MIH and Rangers, their strategy must be sound. These were difficult times to be preaching financial responsibility in Scottish football, but the reality was written in mile-high font for many of us. “They’re going to crash and burn”, seemed inevitable.
Today we read the news that MIH are, like Rangers before them, finally liquidated. Ignore the reported £200m that Lloyds Banking Group (now owners of Bank of Scotland) lost, that’s just the loose change. The Bank had swapped debt for shares in MIH as clouds gathered. The true financial cost to Lloyds (significantly owned by UK taxpayers) is vastly higher.
Much of the story of David Murray will never be told, not while he’s alive, anyway, as it took place well away from verifiable sources. This might change after he’s dead. The one redeeming positive he brought to football was to end the sectarian signing policy at Rangers in 1989. For that he should be lauded, many before him had the chance to do the same but chose not to.
That aside, the influence of Murray and MIH was poisonous to his club. He sold out for £1 to a liquidation expert in May 2011, against the wishes of his own board’s advisory committee, as his club claimed its last ever league title. The rest, is poetic history.
As luck would have it, tonight I’ll be with some Celtic supporter friends. We’ll raise a glass to Sir David and his legacy. Thanks for all you achieved, David, it could never have happened without you.
Erik Sviatchenko is a lesson in the difference good players make to a team. He’s started 11 games since joining in January, we’ve lost four goals over that period. In our previous 11 games we lost 12 goals. His impact on team performance has been phenomenal.
We’ll miss him tomorrow – so should make tactical changes to accommodate the perceived risk.
Motherwell are on fire. Less than two months ago they were in the play-off spot. Now they need just one point to guarantee a top six finish. They will battle every second for that point. If we are going to win tomorrow’s game, we will need to put in our of our best shifts of the season.
Time to get it together, Celtic.
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Gerryfaethebrig
McAllistair just dismissed full time – I thought he was younger but he’s 28
TOSB
The Rangers should be on the Petrotractor
PedanticCSC
KT did not make a mistake.
He anticipated where the ball would land, but, unfortunately, a cruel back spin on the ball took it away from him and into the path of the ‘ Well player.
Leigh Griffiths.
I believe his “problem” is that he is an instinctive player, who doesn’t need time to think, when he gets the ball.
He hits it early.
It is when he has time to think, like a penalty or going through on a one to one, that he sometimes has a problem and makes the wrong decision.
Thinking and Leigh are not always compatible, as was also evident when he pulled off his jersey.
I suppose that’s why we love him.
Nye Bevan,
If you are watching that mince then expect to get the pish ripped out you at the next home game :0)
Dutch Socialist politician called Tiny Cox.
I am not making that up.
Cultsbhoy
I know you mentioned St Mirrenbut also think Aberdeen were sniffing about him a few years ago when Peterhead were banging in 5 & 6 a game, think Rory knocked them back as his job (plumber ? Or other trade) paid the bills….. I have never saw him play but McInally rated him better than part time, we all know players who could probably have made it……or at least better than some who did
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Hmmm….
BBC Alba screening the Petrofac Super-Cup…
Followed by ‘Jibber Jabber @ 17:15
“Jessica Alien threatens to end the world,and Jessica Anne Bonnie strikes again….” ??!!
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Just Too Much Excitement For One Afternoon….
Away Off Tae Listen To Martin Simpson’s New UK Release On Spotify,
‘Bootleg USA’….
His Best Ever Album..?
http://www.martinsimpson.com/shop/cds/bootleg_usa/?PHPSESSID=52f31675f69d948ea
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Photo of new Sevco Kit, complete with medal ribbons.
https://www.google.ie/search?q=north+korean+generals+with+medals&rlz=1CAHPZW_enGB628GB628&espv=2&biw=1366&bih=657&tbm=isch&imgil=N
ULYSSES MCGHEE – A DEMOGRAPHIC OF ONE on 10TH APRIL 2016 3:53 PM
I believe you’re allowed to add a star to your shirt if you win the Petrofac Challenge Cup.
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Knocking that one for work tomorrow:)))))
Thomthetim
Leigh had a very good record from the spot before this run of misses, me personally, any striker who doesn’t want a free shot at goal from 12yds shouldn’t be a striker
Let Leigh hit the next one…..he will score
PRESTONPANS BHOYS
I’ll deserve it.
You and the lass going next week?
I’m taking the young Miss,her mother ain’t
happy about it.
Full house at Hampden for a competition that used to attract a similar audience as the Junior Cup Final, and was played at Livingstone, in a half-empty stadium.
If we, as a support, had endured all the sh*t that the Ibrox mob have, albeit totally self-inflicted, just how many would we have brought to Hampden for a tuppence h’apenny final?- I’d like to think the same, but I have very serious and well-founded doubts.
Certainly if it was left to some on here, those ‘holier than thou’ folk, who occupy the ‘moral high-ground’, and who have never made a mistake in their life, we would be lucky to muster ten thousand.
We have a well-run club, administered by honest people, who have Celtic’s best interests at heart – sure there have been mistakes, and errors of judgement have been made as we strive to replace players sold on, but at no time has there ever been any suggestion of cheating and/or misuse of funds – if paying a CEO a decent salary and performance bonus is the insurance premium we pay to ensure our club is beyond reproach, then we get a great deal.
Those who repeatedly ‘slay’ our board, are duty-bound to lay out their master-plan, chapter and verse, if they want to be taken with even a modicum of respect:
1) What kind of change do that want?
2) How will they effect this change?
3) Where will the finance come from?
4) Who are the experienced people who will step in?
5) How much would it cost?
6) How long would it take?
7) What banks & finance organisations would be willing to back us?
8) What would current sponsors have to say about change?
9) How many fans would be sickened?
10) How many season-books would we sell?
So I say to the malcontents, the mischief-makers, the Lawwell-haters and the board-haters – PUT UP or SHUT UP!
Gerryfaethebrig
Yes plumber – which is a good trade in Aberdeen with multiple application to oil related jobs if it ever picks up again.
Hence a £1/week not that enticing. He makes just under half ofvthatvat Peterhead plus his job.
I’ve watched him over the years and he has a lot of ability … His brother is also a good Junior player at Culter..
Emdy fancy a wee dayooooot in Lisbon next year?
25th May is midweek,so I’d suggest maybe the first or second weekend in June.
Usual addy,
bmcuwp@gmail.com
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POGMATHONYAHUN
Not ignoring you,far from it. Seems we rarely post at the same time.
Can you mail me please at the above re July?
Cheers,bud.
£1k/ week
Kill Ultra the latest to get ‘the treatment ‘. Little wonder there are few new posters.
Malcontents and mischief-makers,Blinkin’ flip.
Clearly not a student of history,bud. Malcontents and mischief-makers took on the fight before.
And won.
CAPTAIN BEEFHEART
His demands are unreasonable,his provenance in doubt.
Threats are already on the internet against AULDHEID,and that should be borne in mind.
Gerryfae…,
LG said yesterday that he won’t be taking any more pens.
He said that Commons was the No. 1 taker, but, of course, KC is a bit player now.
I wonder how Rogic would cope with the job?
Nye Bevan,
Yip in South Stand or William Hill stand lower, as it seems to be called now. In area I2.
THE RESOLUTE MR PASTRY on 10TH APRIL 2016 4:17 PM
You are either Lawwell or Tony Donnelly aka Y no 1067…?
Nobody who disagrees with the current Board/ CEO is duty bound to answer any of your daft pseudo Boardroom questions.
What folk are doing is not turning up.
So unless Lawwell and co retain a wider follow ship than yourself they will not be leaders. Simple fact of business life.
PRESTONPANS BHOYS
William Hill upper H5,never been in that stand
before,hope it’s better than the rest of the place.
Thomthetim
I heard Leigh yesterday, Broony wasn’t bad on the penalties for a wee while, me, I would have let Paddy Roberts hit it yesterday, especially since I was on him a hattrick at 40/1, at least I got a run as that bhoy likes a wee shot, delighted to have him
BMCUWP@4:22 – Once again you are super-selective – you pick one phrase out of context and answer it in a trite and unhelpful way.
You might be taken seriously if you had answers to any of the questions posed – but as usual you don’t – it’s all bluster.
On YOUR point – I always try to answer a point if I reply to a post – the so called ‘mischief-makers and malcontents of twenty-two years ago were taking on a corrupt, malfunctioning and secretative board – they had Keane, Dempsey and evantually Fergus….and a well-thought out plan…..
What have you and your fellow-travellers got – other than an inflated notion of your own importance?
Captain Beefy
The latest to get the treatment ?
I thought some of his words were pretty not the best, not sure of, what this treatment is, you type about…… So you think it’s coincidence some posters never type about our team ?
Just asking
CAPTAIN BEEFHEART
My argument with Kill Ultra was not over his views. He is entitled to believe that the Board should be more proactive. I do not even object to him believing that I am guilty of exclusivity because I stayed that I would be offline due to going to Mass.
I object to him demanding information from a group of private individuals who from their own pockets or from one or more sympathisers information which could endanger them or the progress of Res12 whatever he now thinks of that process. I tried to suggest that he get information from CFC ‘re his belief, imagined or otherwise, that CFC was making a financial contribution. I may be well off beam but “Whaur’s Ra Deeds?” was in my mind though he probably had some locus in that matter.
For myself it is not his opinions which are objectionable but unreasonable demands for information from committed Res12 people for which he was willing to pay money when, presumably, as a shareholder he could obtain the information to substantiate or disprove his imagined chicanery.
As for giving him the treatment I questioned his motives, especially at this juncture of proceedings. Everyone is entitled to form their own opinions and express those. HH
I think Kieran’s reaction to their goal was the greatest indication that he knew he’d made a mistake.
As I said it was his performance from that point on that really, really impressed me. Far from letting his head go down he helped drive the team to victory.
That’s real character.
Beefy There are plenty of new posters. Getting new posters is not the problem hanging on to good posters who get fed up of the trolls & wind up merchants is the problem.
Kill Ultra had absolutely no entitlement to demand that the identity of funders of Res 12 be made known to him.
Yet he carried on a persistent campaign looking for this info.
One would have thought that once Auldheid had been outed by a Hun and his photo published on Social Media that he would have recognised the need for discretion but no he continued his demands unabated.
He was acting the prick and deserved to be told so.
Nye Bevan,
Been there twice, good view of the goals going in, particularly in the second half if we are shooting into our end!
Dee light head to see the foxes win again…. pressure right on Spurs against manure now .
Winning the Petrofac cup and celebrating big time is like celebrating the second division win – a big deal for a new club and they know it .
Man Utd are bossing Spurs who look a little deflated.
You know what’s going to happen next!!!!
Miller makes it 4-0.
Also has the distinction of being the only player to play for Glasgow’s 3 biggest teams.
CULTSBHOY@4:32 – You don’t answer because you have no answer.
As usual you deflect by name-calling – I am not one of the people you mention – however I believe I represent the vast majority of season-ticket holders who pay millions to support and watch our club.
As I said earlier, £900k, being Peter Lawwell’s salary and bonus, half of which is paid in legal taxes to HMRC, is the insurance premium we pay for an honest and succesful club – we get a fantastic deal.
PLUS
We get very low interest on any borrowing from CO-OP Bank – we have the Magners and New Balance deals, plus another couple in the pipeline – top class merchandising – a training ground bought at a wonderful price – safe-standing areas coming in at Celtic Park – the Celtic Way, and tens of millions in transfer-fees over the past five years….all these things are down to Peter Lawwell and his team and ALL for £450/year.
Mr. Pastry
“I believe I represent the vast majority of season-ticket holders who pay millions to support and watch our club. ”
Was there an election I missed or is this a delusion of grandeur?
Donegal losing to thae dastardly Dubs at half time 0-11 to 0-6 with a place against Kerry in the Div. 1 final as a prize
Currently in Mount Florida.
Vogon Constructor Fleet required.
Mr Pastry
I think you’ll find Lawwell is on £1.1m including bonus.
If he’s doing such a great job why are there so many empty seats?
Why do many fans feel
Disconnected from the views of Board members like Lord Livingstone?
Why didn’t we win a single game in Europe’s 2nd tier cup last year?
Why has the football this season universally been judged to be among the poorest seen in decades?
I could go on..
Mr Pastry
With mucho respect, you are one to talk re selective snippets.
I have asked you on numerous occasions certain things and you just ignore it when you don’t have an answer, you have even cited stuff like the thread has moved on, rather desperado me thinks.
HH