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Rangers are dead. Vindication for you, for Celtic

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My friends in Celtic, the day has come.  Rangers are dead.  The Old Firm existed for many years but we all now know that particular duopoly was terminated years ago – on the day Murray International Holdings bankers tried to put Celtic out of business, to be precise.

Today, we stand proud and alone.

On 3 October 2008 I wrote:

“Celtic are in an exceptionally strong financial position.  They can survive the vagaries of football fortune, or economic downturn, without the threat of cutback should income dip.

Conversely, Rangers are in dire trouble.  This year will not be financially the worst Sir David Murray has bestowed on his club, but it will make for horrendous reading to any prospective buyer of the club and provide further evidence that they are hopelessly adrift of financial security.

Winning the league this season and qualifying for next season’s Champions League will not provide succour from their structural problems, it would only result in a temporary slowdown in decline.

Rangers debt has risen inextricably, and is set to continue to rise, at a time when bank facilities have become more difficult and expensive to acquire.

Should new HBOS owners, Lloyds TBS, take fright at the property-to-football conglomerate, Murray International Holdings, which includes Rangers, frankly, the consequences are so dramatic, I don’t think we should discuss them, as I have trouble sleeping when I get too excited.

We live in a time when things which simply cannot happen, happen.  When some of last year’s most credit-worthy companies in the world have gone into receivership; when one of the centuries-old pillars of the Scottish business community crumbled in days.

No company dependent on a significant increase in its debt is safe.

Rangers Football Club, 1873 – 20??”

The years since 2008 have been hard for Celtic fans.  We watched our team lose three consecutive league titles to a former club, who despite their self-evident mortal danger, continued to fund a league and Champions League challenges.

We stuck to budget and lost trophies.  This was a hard decision but it was absolutely correct.  Football regularly throws up clubs who will recklessly burn cash.  You can indulge in their lunatic ways, or sit it out, tell your fans you cannot afford to spend more, and hope that in time your judgement is proven to be right.  Today is vindication for all those hard years.

I’m not a financial analyst and never actually spend too much time reading Rangers accounts but the above synopsis was inescapably obvious – and this was years before I knew about the EBTs.  Rangers directors would have known this at the same time, if not before.  If they were blind to it, they were equally useless.  Only God above will know why they didn’t rein the horses in, lose a few leagues, but kept their football clubs in business.

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  1. philvisreturns on

    Paul67 – They have sown the wind, and now reap the whirlwind.

     

     

    Ding-Dong! The Witch Is Dead! (thumbsup)

  2. Nuclear Bovril and a Half Munched Pie on

    Sheesh, I really must stay away from the internet more often.

     

     

    Missed Administration Day due to being in Amsterdam.

     

     

    Missed HMRC Reject CVA day due work related bobbins.

     

     

    When is the Newclub vote so I can ensure I am in a tent in the wilds?

     

     

    Today feels a bit of a Man on the moon/ Apartheid ends/ Berlin wall day. All I can really add is that I am in a place beyond happiness which I intend to enjoy before the next battle in the war has to be faced.

     

     

    YALDY!

  3. We should make a statement by making a major signing…that we are NOT standing still or cutting back. Onwards & upwards and make hay while the sun shines.

  4. We’re having a party coz the Rangers died.

     

     

    ++++++++++++++++++++++++++++++++++++++++++++

     

     

    John Greig

     

     

    Margaret Thatcher

     

     

    Graeme Souness

     

     

    Alex McDonald

     

     

    Nacho Novo

     

     

    Ian Ferguson

     

     

    Bobby Shearer

     

     

    David Leggat

     

     

    Oliver Cromwell

     

     

    Terry Butcher

     

     

    Gregory Campbell

     

     

    The Monarchy

     

     

    Michael Carroll

     

     

    Brian Donohoe

     

     

    Ian Davidson

     

     

    Taggarts No. 2 – the tall boy.

     

     

    The Neil Lennon Bombers

     

     

    John Knox

     

     

    Andy Goram

     

     

    Billy Wright

     

     

    The Wet Wet Wet singer

     

     

    The Ku Klux Klan

     

     

    Bill Leckie

     

     

    Their bigoted wee kit man who disrespected Jinky

     

     

    Donald Findlay

     

     

    Jason Campbell

     

     

    John Brown

     

     

    Gordon Duffield Smith

     

     

    The Orange Order

     

     

    Hugh Dallas

     

     

    The mob who attacked the Manchester Polisman

     

     

    The Cadete Linesman

     

     

    The Shankhill Road

     

     

    George Peat

     

     

    Mike McCurry

     

     

    Jim White

     

     

    The Scottish Conservative & Unionist Party

     

     

    John Cormack

     

     

    Mark Dingwall

     

     

    Jeff Winters

     

     

    The English & Scottish Defence Leagues

     

     

    The pubs in Brigton

     

     

    Colin Montgomery

     

     

    Lodge Kilwinning No. 0

     

     

    Bobby Tait

     

     

    Billy KKK Fullerton

     

     

    Sammy Cox

     

     

    David Murray

     

     

    ++++++++++++++++++++++++++++++++++++++++++

     

     

    Today, your boys took one hell of a beating.

     

     

    That’s All Folks – Switch the lights out…….

     

     

    tully

  5. Tim Malone Will Tell on

    Hey – just realised that their new name will actually put them bottom of the SFL.

     

     

    “The Rangers” lists below Stranraer in alphabetical order – I am warming to Chico Green.

  6. From previous….

     

    Estadio Nacional on 14 June, 2012 at 13:02 said:

     

     

    He was last seen driving a tank along the M8…

     

     

    EN

     

    __________________

     

    Ah.

     

     

    He should be on the ibrokes pitch by now. Shurley :o)))

     

     

    Hail Hail

     

    Now to read our Ghreat leaders leader.

     

    I suspect yet another school-day

     

    under the tutelage of Mr 67 :o)))

  7. Crackpot Leggat reads your fine blog Paul67.

     

     

    An extract fom his writings today:

     

     

     

    “On which subject. I note the usually impeccably well informed Celtic Quick News site is warning that there is danger coming to Rangers in the shape of the Appeals  Tribunal, chairman Lord Carloway.

     

     

    Despite the fact that Lord Carloway’s view on how Rangers should be punished was overturned and deemed to be unlawful by Lord Glennie, sitting in judgment amidst the Majesty of the Court of Session in Edinburgh and applying the ancient precepts of one of the oldest and most respected legal systems in the world, Scots Law.

     

     

    I do hope the man behind the Celtic Quick News site, has not been tipped off by Scottish Football Association board member Peter Lawwell, a source many reporters believe is behind many of the Celtic Quick News stories.

     

     

    After all, Lord Carloway sits at the head of a Tribunal which, as SFA chief executive Stuart Regan, Lawwell’s Hampden boardroom pal, insists, is independent of the SFA.

     

     

    On top of which, the idea that a Judge such as Lord Carloway, whatever his social or soccer inclinations may be, could be influenced by such as Peter Lawwell or Stewart Regan, is utterly preposterous.

     

     

    Isn’t it?

     

     

    For if anybody believed such nonsense, then it is more than the Sky which would fall in on them.”

  8. So, as it stands, we have two Rangers, one with players but in admin and soon to be liquidated. Then we have the newclub which has no players, no licence and no league to play in.

     

     

    It’s not more clarity we need, it’s more claret!

  9. tomthelennytim on

    I don’t know about anyone else but even though the hun (r.i.p) is dead I remain greatly amused as the remaining shysters begin fighting over the corpse.

     

    You have to laugh, don’t you? hehehe

  10. charles kickham on

    philvisreturns on 14 June, 2012 at 13:11 said:

     

     

    Paul67 – Did you mean “vindication”? (thumbsup)

     

     

    that’s what i thought as well :-)

  11. Vilification or Vindication ? Or perhaps I have misunderstood the slant. The board were vilified through the years by MSM and by some of us. The strategy (of the board and the club and the fans) is now vindicated . (As is the championing of Footballing financial nous and education by Paul67).

  12. philvisreturns on

    Give me joy in my heart, keep me praising,

     

    Give me joy in my heart, I pray,

     

    Give me joy in my heart, keep me praising,

     

    Keep me praising ’till the break of day.

     

     

    Sing hosanna, sing hosanna,

     

    Sing hosanna to the King of kings!

     

    Sing hosanna, sing hosanna,

     

    Sing hosanna to the King.

     

     

    (thumbsup)

  13. philvisreturns on

    charles kickham – I know, right?

     

     

    Philvis don’t need no more vilification. (thumbsup)

  14. I aplolgise for delay m8…

     

    St Martin’s Bhoy on 14 June, 2012 at 13:03 said:

     

    The biggest mystery of the day….

     

     

    where has this Paul 67 fella

     

     

    disappeared to ?mmmmm

     

     

    I reckon Paul’s been at the creditors meeting as between his good self, Phil Mc and RTC they’ve “owned ran*ers” for the past 12 months at least! :-)

     

    _________________________________

     

    Aye :o)))

     

     

    Hail Hail

  15. Vilification? As in slanderous defamation?

     

    Surely this should be vindication as in exoneration?

     

    Any way – all together now “Ding dong the witch is dead, which old witch? The wicked witch…..”

  16. Magniifcent Paul, truly magnificent!

     

     

    As a result, I make no apologies for re-posting this from near the end of the previous thread…..

     

     

    St Martin’s Bhoy on 14 June, 2012 at 13:03 said:

     

    KevJungle – “1st Flag on the JUNGLE roof for LENNON’S LION’S” on 14 June, 2012 at 12:59 said:

     

    The biggest mystery of the day….

     

     

    where has this Paul 67 fella

     

     

    disappeared to ?mmmmm

     

     

    I reckon Paul’s been at the creditors meeting as between his good self, Phil Mc and RTC they’ve “owned ran*ers” for the past 12 months at least! :-)

  17. traditionalist88 on

    Philvis

     

     

    Yeah, I thought the article was going to be about the MSM painting us as the bad guys cos we’re saying no to newco, or something along those lines!

     

     

    HH

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