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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

    I can hold my head high knowing that i wont be contributing to the Hun lie at Hamdump

     

    Only idiots allow themselves to be cheated.

  2. GlassTwoThirdsFull on

    Wonder what the Sevconians think of Murray2 calling us the benchmark. Don’t imagine that would go down too well.

  3. I’m waiting for PL to announce that he is taking over the administration at SFA.

     

    He will interview and appoint all staff.

     

    He will supervise, train and appoint all referees.

     

    He will personally review and rewrite the rules book.

     

    He will attend ALL SPFL matches to ensure the referees get all their decisions correct.

     

    He will review and approve all expense claims.

     

    All on a Monday morning.

     

    The rest of the week he will respond to CQN claims of corruption, incompetence and collaboration with ISIS, David Cameron and Matt Stewart.

  4. Green Man – Will you protest? If you don’t protest and there’s a full house how will people know you were angered by it? Are any groups planning to protest against the SFA/ celtic board atvthe semi final?

  5. An Teach Solais on

    Think that a sociologist would enjoy this afternoon’s posts but, I would hazard a guess, constant reiteration of the same points and allegations do not reinforce an argument.

     

    If people feel that the Board is failing in its duties why not seek to requisition an EGM?

     

     

    Column inches on a blog are generally going to fail to progress any concerns nor is name calling likely to build any consensus of approach.

     

     

    The Forces of Darkness have boldly unfurled their banners. Smart action not squabbling required. IMHO. HH

  6. AN TEACH SOLAIS on 7TH APRIL 2016 5:04 PM

     

     

    Column inches on a blog are generally going to fail to progress any concerns nor is name calling likely to build any consensus of approach.

     

    ——————————————

     

    Yes.

     

     

    So you then have to ask yourself why someone would spend all day posting like this?

     

     

    It certainly isn’t to effect change…

  7. themaestro72 on

    Does anyone want us to lose the league?

     

     

    Get knocked out the Scottish Cup?

     

     

    That’s what it sounds like on here sometimes, let’s boycott games because a big boy stole my ball.

     

     

    Celtic have always had the establishment against us, it will never change.

     

     

    Backing the team is the only way to win.

  8. THEMAESTRO72 on 7TH APRIL 2016 5:11 PM

     

    Does anyone want us to lose the league?

     

     

     

    Get knocked out the Scottish Cup?

     

     

     

    That’s what it sounds like on here sometimes, let’s boycott games because a big boy stole my ball.

     

     

     

    Celtic have always had the establishment against us, it will never change.

     

     

     

    Backing the team is the only way to win.

     

     

    Never in the history of supporting Celtic have I ever known so many whiners and spoiled brats so called Celtic supporters, they’r never happy, with the club winning, they seeing real Tims happy, half are Huns, the other half ? God only knows, you can post your anti Celtic stuff all day you’ll never wipe the smile of my face laughing at you lot doing Hun and SMSM work, your pathetic.

  9. themaestro72 on

    When Celtic took on the SFA on the signing delay of Jorge Cadete it took 3 years for justice.

     

     

    I think Resolution 12 is a bigger issue than that so it will take longer for justice.

  10. Pjbhoynyc @ 3.05

     

    I remember that interview. He actually said something along the lines of : We controlled 4 clubs then, Rangers, Dunfermline, Dundee and Livingston. Guess what they all have in common?

     

    p.s. I assumed ‘we’ were murray and masterston.

  11. mungolian bhoy on

    I believe that with regard to the opinion that a large percentage of Celtic supporters have no knowledge of the underhanded dealings of the SFA /Celtic encompassed by Resolution 12 that the penny is finally now beginning to drop. The penny will soon be in freefall. I also believe that any Celtic supporter who doesn’t take what might be our last opportunity to fully express how we feel about corruption deserves a future just as sickening as the past.It would not be the most difficult act to not attend a cup semi final. This act would have the strongest effect. Better than waving flags and standing on Celtic Way with pitchforks. Seriously, how can any Celtic supporter in good conscience attend this match ? We continually hear from eveyone how this game is viewed around the world. We should not miss this extremely valuable opportunity to make a resounding statement with our feet.

  12. Jerry Cornelius on

    The SCSF is already sold out because real Celtic supporters always back the team.

  13. An Teach Solais on

    NATKNOW @5.15pm

     

    Thanks for that. I do not know what the motives were/are for Green Man’s repeated calls to boycott the SF. I understand where he is coming from believing that the game has been corrupted and I believe that most of us share that view. Where we differ is over the argument he puts forward is that by its silence our Board is complicit.

     

    The silence of the Board is open to interpretation. There may very well be good reasons to which at this juncture we cannot be privy.

     

    I was trying to suggest that constant repetition is likely to have the opposite effect to that desired.

     

    I hope that in the near future the lies and machinations are laid bare and we can get back to discussing matters on the pitch. HH

  14. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    MUNGOLIAN BHOY

     

     

    It’s a very difficult position to be in,IMO.

     

     

    Boycotting a Celtic game because Rangers cheated? That’s not for me,I’m afraid-it’s a step too far.

     

     

    But I suspect a lot of people are going to be boycotting more than just one game next season,and all because Rangers cheated. In that respect,the board only have themselves to blame.

     

     

    Personally,I’m not gonna watch the game anywhere-even on here. But I won’t criticise anyone who goes along on the day.

     

     

    Vive le Resolution!!!!!!!

  15. With the CB injury crisis hopfully Efe will be bought back. He had been among the top performers for a few games until he got mibbed and unfairly lost his place in the team.

  16. willmacufree on

    PJBHOYNYC on 7TH APRIL 2016 3:05 PM

     

     

    Dermot Desmond is not my sort of guy. Sure he has sailed close to the wind, you don’t grab hundreds and thousands of millions without doing that. Unfortunately that’s the system we’ve allowed to be imposed. But I don’t think we should be linking him with D. Murray. For a start he is a real business man.

  17. mungolian bhoy on

    BMCW

     

     

    I didn’t mention the club from Ibrox in my post. (SFA/Celtic)

     

     

    HH

  18. I see all of this as quite simple.

     

     

    The darkside cheated and lied for 100+ years, they won trophies they shouldn’t have, but guess what they paid the ultimate price, they died !!

     

     

    That is enough for me, they died.

     

     

    So what the MSM and SFA etc want to talk as if they didn’t die, they did !

     

     

    Why are we as a support so fixated on them, they died, there fans are in denial, so what we will never change their view, but they did die.

  19. TRADITIONALIST88 @ 12:50 PM

     

     

    “According to Homebhoys podcast, Simunovic will miss the rest of 2016??”

     

     

    We’ll that wouldn’t surprise me.

     

     

    Why did we buy a first team CB in the January window?

     

     

    In my opinion, one reason and one only, to take the croaked Simunovic off the park and ensure he wasn’t missed.

     

     

    Cause if he was, some fholk would be saying…

     

     

    WHY ARE WE CONTINUALLY BUYING INSURED PLAYERS!!!!

     

     

    This signing was up there with the Derk, but for me it is worse…

     

     

    Our player transfer policy has gone from shambles to travesty.

     

     

    Hail Hail

  20. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    MUNGOLIAN BHOY

     

     

    “Seriously, how can any Celtic supporter in good conscience attend this match ? We continually hear from eveyone how this game is viewed around the world. We should not miss this extremely valuable opportunity to make a resounding statement with our feet.”

     

    ~~~~~~~~~~~~~~~~~~~~

     

    Fair point,easy mistake to make bearing in mind the ending of your comment.

  21. AN TEACH SOLAIS on 7TH APRIL 2016 5:42 PM

     

     

    NATKNOW @5.15pm

     

     

    Thanks for that. I do not know what the motives were/are for Green Man’s repeated calls to boycott the SF. I understand where he is coming from believing that the game has been corrupted and I believe that most of us share that view. Where we differ is over the argument he puts forward is that by its silence our Board is complicit.

     

     

    The silence of the Board is open to interpretation. There may very well be good reasons to which at this juncture we cannot be privy.

     

     

    I was trying to suggest that constant repetition is likely to have the opposite effect to that desired.

     

     

    I hope that in the near future the lies and machinations are laid bare and we can get back to discussing matters on the pitch. HH

     

    ———————————————————–

     

    I don’t necessarily disagree with TGMs position – everyone being able to make comment is exactly what the blog is all about. It’s the repetition of the same thing over and over to a (relatively) like-minded audience, many of whom will have the same opinion as him, is what I just don’t get.

  22. Not posted in probably a few years due to a number of factors. My tuppence worth –

     

     

    Disappointed with the perceived lack of comment /action from the PLC board but prepared to hold my powder dry until final conclusion is reached.

     

     

    All the squabbling on here will not make the slightest difference so perhaps everyone should try and be more civil to one another in the meantime.

     

     

    Seriously concerned about the waste of money and utilisation of our player budget so much so that I am prepared to make the following prediction –

     

     

    The league this year will be won by Aberdeen as quite simply we will not have the quality to overcome the battling SPL teams but also the sly and subtle refereeing decisions which will increase in the coming weeks.

     

     

    I could give my opinion on the various areas of the team but most have opined on here have already pointed out the glaring deficiencies.

     

     

    I am also a firm believer that Ronny must go at the end of the season as quite simply we do not have the quality to cope with the crap which will come our way next year. We will need a manager who the players we have will run through a brick wall for and will be extremely motivated.

     

    We already know that buttons will be spent again on the team with the usual balancing of the books and accounting wizardry taking place which Neg Agon continually tries to make everyone aware of.

     

     

    Quite simply we will need a manager who the players respect and will bust a gut for and probably more importantly a manager who has a plan B or C rather than watching the gameplan falter time and time again.

     

     

    HH

  23. Y NOT67 on 7TH APRIL 2016 5:21 PM

     

    THEMAESTRO72 on 7TH APRIL 2016 5:11 PM

     

     

    Does anyone want us to lose the league?

     

     

    Get knocked out the Scottish Cup?

     

     

    That’s what it sounds like on here sometimes, let’s boycott games because a big boy stole my ball.

     

     

    Celtic have always had the establishment against us, it will never change.

     

     

    —————

     

    The majority of Celtic fans doesn’t wants any of the above, bar boycotting hun games.

     

    Even you must admit your a bit disappointed with the silence from the board on the cheating/ corruption in the past?

     

     

    It will carry on next season, if not addressed.

     

     

    Anyways, I’ll be in Murcia when the game is played, twelve of us…eleven tims :)

  24. Jerry Cornelius on

    We already know that buttons will be spent again on the team with the usual balancing of the books and accounting wizardry taking place which Neg Agon continually tries to make everyone aware of.

     

     

     

    So you dont want the books balanced?

  25. coolmore mafia on

    Can someone give me a link??!

     

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

     

    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?

     

     

    >>>>>

     

     

    I hope to live another 30 years, and in that time I want to see us win more league trophies than the old Glasgow Rangers, RIP, and i want us to be World Club Champions. Get yir finger out Peter!!

     

     

    We must be a minimum top 64 team, ie, CL or qualification from Europa League group stages. Anything less is failure. Two seasons in a row is very poor, considering our resources.

  26. The Green Man says SACK THE Board on

    I wish people would stop referring to me, as though I’m having some psychotic breakdown.

     

    My anger is natural and honest.

     

    The reason the plc get stick….is because they allow the Huns to cheat Celtic.

     

    Simple….and the truth.

     

    So spare me the hysteria.

     

    I do not give two fecks if you all want to ignore the reality….i won’t.

  27. ———

     

     

    corkcelt on 7th April 2016

     

     

    4:26 pm

     

     

    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.

     

     

    ——–

     

     

    corkcelt on 7th April 2016 12:19 pm

     

     

     

    Scrolling through CQN is getting faster & faster. Used to scroll by certain individuals now just get a quick flavour of a page and on to the next one.

     

     

     

    Hopped through the last few pages of old thread and the 11 pages of this thread in a few minutes and spotted only one post that made a slight impression. There were probably other decent posts but the wheat got thrown out with the chaff.

     

     

     

    I’ll stick around & join in with the football chat when ghuys are minded to talk about football but nothing here for me at the moment so ooofff ooot.

     

     

    Bye.

     

     

     

     

    ————

     

     

    Oh Dear….!

     

     

    You Set SUCH HIGH Personal Standards..

     

     

    Shakespeare You Ain’t..!

     

     

    We’re ALL Bored Tae The Whatevers…

     

     

    Tae Hear You’re Goin’ Away Oan Yet ANITHER Holiday tae The Deid Canaries..

     

     

    Big Deal….!

     

     

    D’ye Think It’s Newsworthy…

     

     

    Like Ye’re Wan O’ Them Easterhoose Kardashians….

     

     

    Or Even The Exotic Maggie McGill…?

     

     

    Mair Like Judith Chalmers…

     

     

    Hivin’ The ‘Hot Flushes’…

     

     

    We Reckon..

     

     

     

    Who Gies A SCooby…?

     

     

     

    Well WE DAE….!!!! Actually..

     

     

    Slippery Gideon Osborne Gied Yous £10 Billion…

     

     

    Back In 2009…

     

     

    Oota ‘Good-Neibourliness’ & Suchlike..

     

     

    Supposedly Tae Bail Oot Yer ECONOMY & Yer PENSIONS….

     

     

    No’ Oan The Never-Never…!

     

     

     

    Not So Yiz Can Go Galivantin’ Aboot Oan the Continent….

     

     

    Every Month Or Two Wi’ Yon ‘Voyage Prive’e’ Jet-Set Wi’ Philvis..

     

     

    At the Expense O’ The Long-Sufferin’ British Taxpayer….

     

     

    Mrs.Warboys Can’t Believe It !!

     

     

     

    GIES OOR MONEY BACK, NOW.!

     

     

    An’ While Ye’re Aboot It..

     

     

    Find Ma Sainted Gran’s Birth Certificate….

     

     

    That YOUR BUNCH Burned Up In The Big Fire…

     

     

    100 Years Ago…

     

     

     

     

    Some Folks…Eh?

     

     

     

    Tráthnóna maith duit

     

     

    ~~~~

  28. Green man

     

     

    God forbid but if Sevco beat us in the Semi Final , aided and abetted by the same corruption u speak , bet u the same Bhoys who are criticising u will be lining up with u.

     

     

    We were cheated out a treble last year.

     

     

    What did we do?

     

     

    Wrote a letter for clarification and didn’t let the support know the response .

     

     

    What we we do this year when we’re cheated out of a double?

     

     

    I shudder to think

     

     

    HH

  29. The Green Man says SACK THE Board on

    Burghbhoy

     

     

    Yeah….im the headcase for calling it out.

     

    The high and mighty are offended.

     

    Truth hurts.

     

     

    HH

  30. An Teach Solais on

    Actually the bombardment of the Four Courts was 94 years ago to be pedantic and I have never heard of the greeting,” Trathnona maith duit ( sorry this simplistic pad will not do the fada accent) but every day on CQN is a learning experience. HH

  31. SHOOIE on 7TH APRIL 2016 5:52 PM

     

    Yip they died and that’s all there is to it for me. Unless the Padlocks are put on and they stop playing in red, white and blue the outside World will never accept they died. I rarely comment on them now or get involved in the debate as I would be as well talking to the wall.

     

    Keep the Faith!

     

    Hail Hail!

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