Quantcast

Newco preaching financial risk blind to Celtic benchmark

510

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

Click Here for Comments >
Share.

About Author

510 Comments
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. ...
  11. 14

  1. Burgas Hoops on

    CORKCELT on 7TH APRIL 2016 4:11 PM

     

    The Green Man, You have now said it 20 times.

     

     

     

    What’s he saying? -))

  2. 'GG needs suggestions for a name change on

    That was a quick change.

     

    Queue the Superman music.

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

    Ok football matter for discussion..

     

     

    If Erik is out that is a real

     

    Pain in the r’s . Simonovic was a known sick note so im not disappointed as I would not have signed him far less built our next European hopes on his sick shoulders. Erik however is critical as you could partner him with a few options.

     

     

    Preparations for next European campaign no further forward if Erik is out.

     

     

    Perhaps we all need to have our expectations down graded. Any European football at any level is an unlikely and infrequent bonus?

     

    Now we are benchmarking against Aberdeen that seems appropriate?

  4. Danso_1888

     

    Because we were born Celtic, have lived Celtic and will die Celtic.

     

    All of the complaints about the board, finances, administration, liquidation, resurrection, insurrection, manipulation, exploitation, corruption will never change that.

  5. The Green Man will you stop sitting on the fence, where do you stand on this cheating thing? H H Hebcelt

  6. Green Man,

     

    So you honestly think your continuing ranting on here is “Taking on the cheats”.Its not,its just boring some to death.You call out this Board for not “Standing up to them”What would you have them do?.Please dont mention what the other trumpet just said and pack in playing,FFS.We get some real yins on here.

     

    Do you think Fergus had no idea what was going on at Ibrox with the EBTs.The Board at that time did,investigated it and said”No way,this is very dodgy”Why did they not “Call them all out on it”?.I keep saying it,you and the anti Board mob on here want to blame this present Board for the sins of over 100 years.They have never been “Called out”.As for DD,Fergus speaks so highly of him it astonishes me that people want to slag a guy that has pumped money into the club,who really did not have to.If anyone thinks he is into Celtic for the pittance,to him,that he takes out,away and have a word with yourself.

  7. The Green Man,

     

    Honestly that’s not how it works, if you keep repeating yourself endlessly people just switch off, scroll by or ignore you.

     

    I don’t doubt your sincerity or integrity but it’s simply not fair to other posters, it is an abuse of the blog to keep going on like you are doing.

  8. West End of East End on

    Neg2 – Thanks for the amusing posts today, your conceitedness knows no bounds….

     

     

    CorkCelt – Well said, a copy n paste job from almost any day of the week….

  9. The Green Man says SACK THE Board on

    TURKEYBHOY

     

     

    What im doing…is being honest.

     

    And i know some dont like it…but reality bites.

     

    I call out the cheating.

     

    And DD, is welcome to take his money anywhere….probably ipox by the sound of his last speech praising cheats and bigots.

     

    I dont owe him feck all..

     

    I stand on principle….not money

  10. GG, fact is celtic are corrupt the fact that they allowed all this to go un challanged speaks volumes.

  11. On football matters.

     

     

    Has there been any update on the Lustig + Erik. Injuries?

     

     

    Also rumours of Jozo being out for the calendar year… Can anyone substantiate that?

  12. CULTSBHOY CAN NOT RELATE TO CELTIC BOARD AMBITIONS ON OR OFF THE PARK on 7TH APRIL 2016 4:20 PM

     

    Ok football matter for dis

     

    Where is this latest myth about “Sick note”Simunovic coming from?.More mischief making ,no doubt.If a sick note is someone who plays for weeks with a broken bone in his knee,then I will sign more of them.Is Broony,a “Sick note”.Is Mulgrew a “Sick note”,or is it just supposed fans like you who like to jump onto anything that has a go at Celti that deem to pick your targets.People get injured,FFS,its football,not Cribbage.

  13. The Green Man says SACK THE Board on

    CORKCELT at 4.26

     

     

    Im sure you could say the same to many posters, that i wont mention.

     

    Maybe if i stayed off the blog…..posters could all agree on everything all day, every day

  14. Ogilvie ignores side letters. Sack the Celtic board.

     

    Walter Cardigan Smith breaks his contract with SFA. Sack the Celtic board.

     

    Calderwood capitulates at Ibrox. Sack the Celtic board.

     

    SFA give a morally bankrupt side a UEFA licence. Sack the Celtic board.

     

    Sandy Bryson exposes himself as a Hun contortionist. Sack the Celtic board.

     

    Referees cheat with vital penalty decisions. Sack the Celtic board.

     

    Junior doctors strike. Sack the Celtic board.

     

    After a wee while it loses its impact and attraction.

  15. The Green Man says SACK THE Board on

    GG

     

     

    No…the answer to all that…is challenge it instead of ignoring it all.

     

    Thats why the board get stick….because they ignore the cheating

  16. Matt Stewart on

    GG

     

     

    Junior Doctor strike was south of the border. Please rephrase as……

     

     

    Junior Doctors don’t strike…Sack the Celtic Board.

     

     

    Hail hail

     

     

    Matt

  17. THE GREEN MAN SAYS SACK THE BOARD on 7TH APRIL 2016 4:28 PM

     

    TURKEYBHOY

     

     

    Get rid of DD and bring in who?.You know someone willing to put up that amount of money?.Maybe we get some rich American,like Randy Learner of Villa,or the Glaziers of Man U,how is that working out with their fans.Maybe we could get a Mike Ashley,the guy the Geardies love !!!!!!!!!.Then again,maybe a Dave King.The world of football is awash with owners who dont give a flying F— about their teams.Be careful what you wish for.Unless as I said,you know someone.

  18. Danso_1888

     

    Your accusation is without foundation and you are unable to produce a whiff of evidence to back your charge.

     

    You may not like them, but your corruption contention does yourself no credit.

     

    It only diminishes your positions on other subjects.

  19. traditionalist88 on

    The Green Man says SACK THE Board on 7th April 2016 4:32 pm

     

     

    Wouldn’t it be more productive to take your ‘protesting’ or say 25% of it out of cyberspace and into the real world?

     

     

    Using today as an example you seem to have spent most of the afternoon making highly emotive posts on it despite knowing that positions are entrenched here and everyone on CQN at least is aware of Res 12 and in agreement about accountability.

     

     

    You say you’re calling out the cheats – well they can’t hear you, whether you make 1 post or 100.

     

     

    HH

  20. Thunder Road on

    So Eriks out for the remainder of the season?

     

    Its probably just as well that we have about as many central defenders in the squad as we do attacking midfielders!

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

    Turkeybhoy

     

     

    I stand corrected ..

     

    ‘The ever present Simonovic will be the saviour of Celtic in future European campaigns….’

     

     

    Is that what you want to read?

     

     

    Gees peace – I think you’d like to pick targets but if it’s me – you are barking up the wrong tree.

     

     

    I’ll tell you this Simonovic is too slow so I’m not holding out any hope for him. As for Mulgrew he’d give Simonovic a decent race.

     

    Brown is history and a very average history at that – but for the Broonie gesture I’d say he will quickly be forgotten.

     

     

    Chew the r’s off of that if you like.

  22. Y NOT67,

     

     

    o i see another do you still beat your wife quotes, get a life were have celtic challenged hundom?

  23. All injuries to present day Celtic players are down to PL, it’s his fault, and the SFA and SPFL changing rules is his fault, RFC being liquidated was his fault, Dave King being a fit and proper person was his fault, Paul Murray being allowed back on the new Sevco board was his fault, Hibs tossing the championship to Sevco was his fault, NL leaving was his fault, Sevco getting home draws in all scottish cup games was his fault, cheating refs. Are his fault, cold pies an hot bovril S are his fault, it’s raining now I have to get my washing in, again, PL fault.

  24. The Green Man says SACK THE Board on

    TURKEYBHOY

     

     

    Desmond, Lawell, King, Murray

     

    All the same to me.

     

    The sooner we get people like that out of football….the better.

     

    Billionaires, Millionaires, and Tory Lords.

     

    No users…..Its all take, and no give.

  25. Thunder Road on

    It’s a position, just like the goalkeeper, that i see as being an ever present name on the teamsheet.

     

    Is it because they don’t make em like they used to, or are they being asked to do too much?

  26. DANSO_1888 on 7TH APRIL 2016 4:42 PM

     

    Y NOT67,

     

     

     

    o i see another do you still beat your wife quotes, get a life were have celtic challenged hundom?

     

    On what?

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. ...
  11. 14