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Newco preaching financial risk blind to Celtic benchmark

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You would be forgiven for believing you lived in a parallel universe if you read Newco Rangers director, Paul Murray, today, who told us, “the benchmark in Scotland is Celtic”.  “First and foremost, we don’t want to put the club into financial risk”, he told reporters.

Yes, I know, it’s supposed to be the company, or maybe the holding company, that’s put at financial risk, not the club, the club can sail on regardless of financial realities. With an impressive sense of entitlement, but we’ll not press Murray to square that circle.

Let’s instead remind him of the roles of a non-executive director.  PricewaterhouseCoopers define the roles of a non-exec as:

Constructively challenging and contributing to the development of strategy

Monitoring the performance of management

Satisfying themselves that financial information is accurate and that financial controls and systems of risk management are robust

Succession planning and determining appropriate levels of remuneration for executive directors.

Paul Murray, you will remember, was a non-executive director of oldco Rangers, and that club was well and truly put into financial risk, costing hundreds of creditors money, ending in liquidation.

Businesses have non-executives to offer help but also to be the eyes and ears of ordinary shareholders, creditors, customers, staff and any other stakeholders.  It’s their job to sit at board meetings and ask the questions of the executive management, ensuring the company is able to meet all obligations.

They should be banging fists on the table demanding risks are brought under control.  If they are unable to impose control on management, they should resign.

It was Paul Murray’s role to ensure that financial controls and systems of risk management were robust at oldco.  He was paid to constructively challenge strategy, and to ensure management performed their duties.

In this respect, Murray was magnificent.

22 years ago we went through a rebirth.  The old board, unable to take the club forward, limped off the scene.  Imagine for a second that a few years later Fergus and his fellow directors were swept aside by the old board (who remember saw the writing on the wall and appropriate took steps).

It’s unthinkable.  The benchmark in Scotland is indeed Celtic, where those susceptible to vanity spending on football bling at the cost of financial security will never be the eyes and ears of the club’s fans and shareholders.

These people are perfect in every way.

CharlietrailerSTATIC

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  1. THE GREEN MAN SAYS SACK THE BOARD on 7TH APRIL 2016 2:35 PM

     

    People who line their pockets with bonuses for failure being lauded as great Celtic supporters.

     

     

    Aye…right you are.

     

     

    As if we are all fecking daft.

     

     

    Away ye g

     

     

    Get your facts right.

     

    PL has not failed at his job.

     

    He produces healthy balance sheets. That is his job.

     

    If there is a clash of interests between healthy balance sheets and on the field quality, that is for the Board to sort out.

  2. !!Bada Bing!! on

    It’s like watching Laurel and Hardy moving the piano on here most days………………but not nearly as entertaining obviously…….

  3. The Green Man says SACK THE Board on

    Quonno

     

     

    I was going to reply…but.

     

    Apathy has a hold of me.

     

    I will be past caring soon

     

    Which is a shame.

     

     

    HH

  4. THE GREEN MAN SAYS SACK THE BOARD on 7TH APRIL 2016 3:18 PM

     

    Quonno

     

     

     

    I was going to reply…but.

     

     

    Apathy has a hold of me.

     

     

    I will be past caring soon

     

     

    Which is a shame.

     

     

     

    HH

     

     

    And that is why PL and DD should fear for the future. And I sincerely mean that.

  5. The Green Man says SACK THE Board on

    Quonno

     

     

    So do i

     

    I feel sad even saying it.

     

    The PLC will reap what they have sown…Discord and then Apathy….and then, Nothing.

     

     

    HH

  6. This Hun thing splitting the team from the club, all this plc shit is Hun and SMSM driven, of that I have no doubt, anyone who does that is a Hun, or they buy into the SMSM in my opinion, CFC are CFC, not a plc.

  7. The Green Man says SACK THE Board on

    The PLC are not Celtic supporters….if they were, would they allow the cheating SFA, Refs, and Huns?

     

    I wouldnt think so.

     

    Only idiots would allow themselves to be cheated.

     

    Especially when they are well aware of what is going on.

     

    That is rank stupidity.

  8. You seem to know all about it, why don’t you take the SFA to court, according to you it’s a slam dunk, fill your boots, maybe your the go to guy, the guy we have all been waiting for, give it a go ?

  9. The Green Man says SACK THE Board on

    Like i said…only idiots would allow themselves to be cheated.

     

    That is stupidity…in a nutshell.

     

    Billionaires. Millionaires, and Lords…..being shafted by a mob of half-wit bigots.

     

    Fecking chancers….just like the sevco board.

     

    Old Firm carve up to support the BIG LIE

     

    Begging bowl for the Huns.

     

    Remember to pay up for the Huns now…..They need you

  10. Yeaaaa your the man green man, you take on the SFA, CFC haven’t a clue, take us to the promised land, all hail our leader.

  11. South Of Tunis on

    JUDE2005@ 2 41.

     

     

    Went to see him in Brighton in 1978.Dreadful venue / he was blown off stage by the support act – Joe Ely.A truly dissonant night .Huge barn of a seated venue ( a Conference Centre) Less than half full..A very divided audience – middle aged couples and a much younger crew there for Joe Ely..

  12. The Green Man says SACK THE Board on

    Until people realise that the likes of Dermot, Peter, Dave King, and Paul Murray are the problem.

     

    Football will never be straight in Scotland.

     

    That the jist of it.

     

    You worship businessmen….and they will shaft you forever.

     

    Some of you really need to get with the programme.

     

    If its not Party Political stupidity, its fawning over rich people.

  13. The Green Man says SACK THE Board on

    YNOT67

     

     

    At least im honest….and refuse to condone the blatant cheating.

     

    At least i stand up for what i believe in…rather than hiding behind rich half-wits who know feck all about football.

     

    I will be fighting the BIG LIE….while you are buying unto it….as per usual.

     

    You excuse the cheating…I call it out

  14. The Green man

     

     

    You are correct kiddo.

     

    The board is so far removed from the support.

     

    Every supporter I know is raging at the cheating.

     

    I went home and away throughout their cheating years and I’m disgusted I was watching a rigged league .

     

    I hate the fact that our board do not share disgust.

     

    What Phil reported today would not surprise me if true.

     

    A CEO who treats us with contempt .

     

     

    He underestimates our intelligence.

     

     

    I really hope it doesn’t end in tears .

     

     

    I fear it will.

     

     

    They have stayed silent on blatant cheating, EBTs , res. 12 , same club myth etc.

     

     

    They have downsized our quality of player to such an extent that I’m nervous about playing the zombies.

     

     

    They should be ran out of town and if those monkeys beat us in the Semi final they will.

     

     

    HH

  15. The Green Man says SACK THE Board on

    BURGHBHOY

     

     

    There is no excuse for it whatsoever.

     

    This cheating has to end.

     

    Its not my principles, or yours, that are up for auction.

     

    I cannot and will not ignore these corrupt chancers.

     

    We need to stand against it,.. no question.

     

     

    HH

  16. WHITEDOGHUNCH on 7TH APRIL 2016 3:18 PM

     

     

    Thanks Sir. Looks very interesting. I have friends who will be very curious about this.

     

     

    HH

  17. CultsBhoy can not relate to Celtic Board ambitions on or off the park on

    Housemartins – Flag Day Lyrics

     

    Too many Florence Nightingales

     

    Not enough Robin Hoods

     

    Too many halos not enough heroes

     

    Coming up with the goods

     

     

    So you though you’d like to change the world

     

    Decided to stage a jumble sale

     

    For the poor, for the poor

     

     

    It’s a waste of time if you know what they mean

     

    Try shaking a box in front of the Queen

     

    ‘Cause her purse is fat and bursting at the seams

     

    It’s a waste of time if you know what they mean

     

     

    Too many hands in too many pockets

     

    Not enough hands on hearts

     

    Too many ready to call it a day

     

    Before the day starts

     

     

    So you thought you’d like to see them healed

     

    Got blue Peter to stage an appeal

     

    For the poor, for the poor

     

     

    It’s a waste of time if you know what they mean

     

    Try shaking a box in front of the Queen

     

    ‘Cause her purse is fat and bursting at the seams

     

    It’s a waste of time if you know what they mean

     

     

    Flag Day, Flag Day, Flag Day

  18. Well the Green Man if repeating yourself endlessly on this blog is the benchmark for someone standing up to the cheats then you are the man. 17 posts in less then 2 hours each saying more or less the same thing is some performance.

  19. CultsBhoy can not relate to Celtic Board ambitions on or off the park on

    Y not 67/ Lawwell lover

     

     

    What about the SFA tent?

  20. clogher celt on

    You’d be a long time trying to unravel all of DD’s business interests. How high Celtic are on his agenda only he probably knows. Maybe he’d like us out of Scotland for commercial reasons, but no sign of that happening. Maybe he just employs a numbers man, a safe pair of hands in Scotland and has decided to make money elsewhere. Soccer finances might be a bubble.

     

    He might just see Sevco back in a similar vein to Manchester United playing Liverpool. Bigger audiences, tv money, more people betting on the games etc.

     

    I’d love to know what he really thinks about the ongoing farce in Scottish football.

     

     

    Having said that we live in hope of the Karma, mentioned on here.

     

     

    Check out where Celtic are mentioned in this article.

     

     

     

    http://www.independent.ie/business/desmond-sells-180m-optimal-payments-stake-for-huge-profit-29970763.html

     

     

    Who know’s an ’emotional purchase’ of Celtic shares might be similar to me watching The Boston Celtics or Notre Dame.

  21. we play in a corrupt league and pay the the right to, celtic are as bent as sevco and anyone who trys to defend it is just as corrupt, you cannot take part and say you did not know.

  22. The Green Man says SACK THE Board on

    The SFA, Refs, and the bent Huns think they run Football….and that we will just accept it.

     

    PL, thinks the same thing.

     

    What a shock they are in for.

     

    There is huge outrage against this blatant cheating

     

    Anybody who doesnt understand that…..must be kidding themselves on, and hoping it goes away.

     

    Ive got news for you….It wont.

  23. The Green Man says SACK THE Board on

    CORKCELT

     

     

    And do you know what.

     

    All my posts were bang on.

     

    Principle first.

     

    No cheating.

     

    Its easy enough to understand.

     

    People decide to say…no more.

     

    Thats what im saying….and its not just me either.

     

     

    HH

  24. PAUL67. I note that you have not responded to my questions. Are you introduciing a cqn version of the ogfac to appease one poster who simply cannot grasp metters and wants to take offence at things he doesnt understand.

     

     

    If you were admonisihing me then i dont accept that and you will simply have to ban me from cqn?

  25. The Green Man, You have now said it 20 times since 1.10 pm, we have heard you, how many more times are you going to say the same thing.

  26. The Green Man says SACK THE Board on

    We have just witnessed in Scoddland…a National day of Celebration for Hun cheating and bigotry,.. all lies.

     

    This is how fecking rotten to the core this place is.

     

    Lies shovelled down our throats every fecking day.

     

    Its an abomination.

     

    I want to see an end to all that.

     

    They need challenged….or it will become much worse.

  27. The Green Man says SACK THE Board on

    CORKCELT

     

     

    Until people realise how important it is to oppose cheating in Football.

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