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. Marrakesh Express on

    Thatll be Green getting threats to let walter and co take over the Bootleg Huns.

  2. the glorious balance sheet on

    New football team being set up, needs kit urgently.

     

     

    Please send your old unwanted blue t-shirts to Chas Green, Edmiston Drive, Glasgow.

     

     

    PS – Any gold stars will also be gratefully received.

     

     

    PPS – No cardigans please.

  3. LuxCelt on 14 June, 2012 at 18:28 said:

     

    SunnyBhoy on 14 June, 2012 at 18:22 said:

     

     

    I notice you mention Souness. i suspect that circumstances surrounding the transfer of a certain Jean-Alain Boumsong may come to light. I understand an investigation is in the pipeline. What it will come to…. who knows?

     

     

    I believe that was already investigated. (from wiki)

     

    The £8 million transfer fee raised eyebrows,[1] as the player, being out of contract, had joined Rangers for free just months before, at which point Newcastle showed no interest in signing him. This transfer is one of those about which the Stevens inquiry report in June 2007 expressed concerns:

     

    “There remains inconsistencies in evidence provided by Graeme Souness – a former manager of the club – and Freddy Shepherd – apparently acting in an undefined role but not as a club official – as to their respective roles in transfer negotiations.”

     

    “The inquiry is still awaiting clarification from agent Willie McKay”.[2]

     

    However the Stevens enquiry later issued two clarifications. It said of Souness, “We wish to make it clear that inconsistencies did not exist within the evidence given by Graeme Souness to Quest concerning his role in transfers covered by the Inquiry during his time as manager of Newcastle United FC and neither the Premier League nor do Quest have any concerns in this regard”.[3] As regards McKay it stated: “Further to the key findings from the final Quest report published on 15 June 2007 by the Premier League, Quest would like to emphasise that, in that report, it was clear that no evidence of irregular payments was found in the transfers in the inquiry period which involved the agent Willie McKay. Quest would also like to thank Mr McKay for his cooperation with the inquiry.” [4]

  4. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    A propos of nothing,Jim McColl has lived for the past few years in MONACO.

     

     

    I wonder if,while there,he ever made the acquaintance of…..nah!

     

     

    That would be too far-fetched,and tantamount to a conspiracy to defraud the public purse.

  5. Ray Singh-Carr on

    “A Celtic home jersey traditionally has seven unbroken Hoops. This season, there are nine thinner hoops, linking back to the nine consecutive Scottish league titles Celtic won between 1966 and 1974. It is a record that has never been broken”

     

    =======================================================

     

     

    I predict that our next home strip should have at least 13 unbroken hoops then!!

     

     

    :-)

  6. Steinreignedsupreme on

    Jungle Jim on 14 June, 2012 at 18:30:

     

     

    The new club call call themselves whatever they want and play wherever they want.

     

     

    They were formed on 14 June 2012 and have not played one competitive match – they have no history.

  7. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Sorry,my post at 1932 was particularly in reply to SPARKLEGHIRL.

  8. thomthethim CQN (genuine) Badge Wearer on

    The only thing that matters when the music for this Danse Macabre stops, is, where will Laz ‘r’ Us FC be playing.

     

     

    SPL or ?

  9. Clever move by Del Bosque in starting with Torres. Ireland’s back four will have to sit deep bearing in mind Torres likes to play on the shoulder of the last man

     

     

    Trappatoni starting with 2 wingers once again

     

     

    A long night ahead for the bhoys in green methinks

  10. Lennon n Mc....Mjallby on

    If you are still somehow wondering what has been won today and why the huns are so upset ask yourself these two questions-

     

     

    1. Why did the LL send a hearse to Celtic Park in 94?

     

     

    2.Had Celtic liquidated,would the paper that sent the hearse have printed that the new club playing in green and white at CP had Scotlands only European Cup?

  11. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Sorry,PAUL67,for mentioning Monaco and bringing down the wrath of the DOSers.

     

     

    Broke the blog,won’t happen again………..

  12. So now the hun has passwed away when will the focus be on the laptop loyal who, take jabba for example, knew they had stopped paying tax/ni but “couldn’t write about it”?

     

     

    If the lamb munchers don’t feel the pinch from the sports editors and tv\radio shows then then we only have ourselves to blame for the real bampots who buy their rags, click on their internet articles and watch/listen to their shows.

     

     

    Time for some of the rats to go down with the ship.

  13. Martin Williams ‏@Martin1Williams

     

    #Rangers Charles Green who has just become CEO is booed by fans who say they want him out as he leaves Ibrox tonight

     

     

    I wonder if they would have still been booing had the Myth not showed up today??

  14. •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 14 June, 2012 at 18:34 said:

     

     

    It’s a small world, isn’t it? Are they really all part of Whyte’s team?

     

     

    IF there was a plan, it can’t be working out as hoped – surely having major investigations into Whyte & Murray and chasing them for debt was never in the script?

  15. Green: “I don’t stab people in the back I do it in the chest.”

     

     

    Did he actually say this?

     

     

    I can’t believe anyone, in the public eye, would actually say this…in public?

     

     

    He said this?

     

     

    Really?

     

     

    If he did, it is borderline psychotic. He should fit right in then.

  16. Leabrannagh on 14 June, 2012 at 18:33 said:

     

    Total vindication for Paul Brennan.

     

     

    —–

     

     

    Totally agree mate but must add… Phil Mac Giolla Bhain, Alex Thomson and all the Internet Bampots!

     

     

    Fireworks and jelly & ice cream, wit a way to end the Shame!

     

     

    HH

     

    /Bishop B

  17. Apropos of nothing,I’m still waiting on my CQN badge…..not moaning….not on a day like today…just wondering about progress and where to send the moolah.

     

    :-)

  18. macanbheatha on

    MIBs to meet tomorrow to decide who to pledge their support to.

     

    Green or Smyth?

  19. Lennon n Mc....Mjallby on

    Starry

     

     

    A shower of fickle idiots who’ve never been able to think for themselves and they wonder why their club died.

     

     

    History will repeat itself for them.

  20. Sandman Is Neil Lennon on

    Big Georges Fan Club on 14 June, 2012 at 17:47 said:

     

     

    Started ocassional posts a week ago, and not been called a Hun yet – just realised its too late ;-)

     

     

    =================

     

     

    Zombie Hun. ;)

  21. Is Jim McColl not they guy oot the Beechgrove Garden?

     

    Also, are fans of THE RFC still huns? If we are to deny they are same team we need a new name.

     

    THE huns?

     

    Go home ya THE huns

  22. You would have thought Creditors would have challenged the legal deal between Charles Green and Duff and Phelps, and asked for the bidding for the liquidated assets to be opened up to others…particularly in light of the Cardigan Knights late bid.

  23. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• 1913

     

     

    They simply thought they would never be caught because no-one would be interested in looking.

     

     

    Consider how they have reacted-even as far back as Minty telling the hordes in 2004 not to buy the Herald till Spiers was gone,simply because he scratched at the truth-any time anyone has dared to be critical,or questioning,or simply guilty of not fawning.

     

     

    They are truly the arcitects of their own fall from power;the genie is out of the bottle,and further investigations might be a tad unpleasant for them…..

  24. Derby Daze magazine is a fantastic souvenir

     

     

    By: Newsroom Staff on 14 Jun, 2012 09:09

     

     

    ON May 28, 1888, the newly-formed Celtic Football Club played their first

     

    ever game, beating Rangers 5-2. On April 29, 2012, the newly-crowned

     

    Scottish champions took to the field for the last derby match, and beat Rangers 3-0.

     

     

    In between these two impressive victories have been 398 other competitive

     

    matches between Celtic and Rangers, and in an 84-page official souvenir

     

    DERBY DAZE magazine, we look back at some of the most memorable

     

    matches, moments, goals and greats from this fixture… not surprisingly, all

     

    of them featuring Celtic success stories.

     

     

    From that first match in 1888, when Tom Maley scored a hat-trick, Jimmy

     

    Quinn’s treble in the 1904 Scottish Cup final, the three 6-2 demolition

     

    derbies Celtic have enjoyed down through the years, the derby record of

     

    Celtic managers and a derby A-Z, the magazine is packed full of great

     

    Celtic memories.

     

     

    We’ve got exclusive interviews with Bertie Auld, Murdo MacLeod, John

     

    Hartson and Kris Commons on their derby highlights, while we look at

     

    some of the 21st century Bhoys who have scored against Rangers.

     

     

    And we look at just some of the great games down through the years – the 7-1

     

    game, the 1969 Scottish Cup final, the night 10 Men Won The League and

     

    Beachball Sunday.

     

     

    The DERBY DAZE magazine is a fantastic souvenir of Celtic’s successes in

     

    the Glasgow derby and there are plenty of precious moments to remember.

     

     

    It’s on sale NOW! (priced: £3.99)

     

     

     

    Wow rubbing it in at Paradise!

  25. “Rangers die!”The butler should be wakin’ ole Minty.

     

    “Rise! Danger.”

     

    Ah’ll get ma jaicket….

     

    :-)

  26. monaghan1900

     

    no I could not see them from my laughter tears,

     

    was playing golf this morning at my club for local guys Cardross,anyway went back to locker room to collect a bag after the 19th hole,could not believe my eyes,a Celtic top on a hanger,Deffinately made my day.

  27. leftclicktic on

    From an RTC poster :) the same thought csossed my mind

     

     

     

    If the Green Co doesn’t play ball, will the “Cardigan consortium” seek to set up an alternative Govan Wanderers and pass them off as the Real RFC, playing out of Hampden, then apply to the SFA/SPL.

     

     

    I suspect that such a grouping would have the support of the majority of the old bears, thus squeezing out the Green Co, who would be left with the property assets (ripe for redevelopment). Then of course we could see the Blue Knights seek to set up an alternative team along the same lines.

     

     

    Sit back and relax folks, this has many more twists and turns to come and a long long way to run.

  28. wonkyradar on 14 June, 2012 at 19:13 said:

     

    Green: “I don’t stab people in the back I do it in the chest.”

     

     

    Did he actually say this?

     

     

    ———————

     

     

    He did, although it might have been lost in translation from Yorkshirese.

  29. Hun v Hun results in terrible genetic offspring : ‘Hunco’,’Shunco’ & ‘Bunco’.

     

    Ah’ll get ma spare jaicket….

     

    :-)

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