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. The bould Hector's bhoys..... Tá ár lá anois on

    Whit and the name a the wee man is that on Sally’s face [….?]

  2. Can somebody clear something up for me please????

     

     

    Who the hell are rangers?????

  3. Kilbowie Kelt on

    Is it not strange that even after they have been declared DEAD, there are still some amongst us who think that they can be resurrected ?

     

    That feat has only been reported ONCE in human history.

     

     

    As Old Khayyam might have said,…

     

     

    The Moving Finger writes; and, having writ,

     

    Moves on: nor all their Bigotry nor Sh1t

     

    Shall lure it back to cancel half a Line,

     

    Nor all their bile wash out a Word of it.

  4. !!Bada Bing!! on

    BBC2 @ 11 Hun special too,McKay said 140 years of glory ffs,sets the tone for the we arra peepil fightback.

  5. The bould Hector's bhoys..... Tá ár lá anois on

    What was that ……..Moisty’s signature backing track?

     

     

    Underground hiphoppityhunglebeats.

  6. Thanks for comments guys.

     

     

    Sometimes the best stuff is written in exhortation.

     

     

    Away to watch The Killing.

     

     

    Missed it last night.

  7. James Edward McGrory 408 goals in 408 league games on

    When are they going to change their club crest at press conferences etc.

     

     

    Also, how are they going to find space to attach THE onto those gates at ibroke

  8. MadMitch

     

     

    So you reckon that a bonus of a couple of hundred thousand took presidence over our squad, with all due respect, for an intelligent bloke, that is absolute garbage.

     

     

    Our suits knew what was happening at the bigot dome, nothing they could have done would have won us those leagues, the sfa the spl and their secret, or not so secret weapon the referees, would have seen to anyting other that hun titles.

     

     

    I have been a massive critic of the suits in the past, I was not privy to the info they were \at the time, very few of us were.

     

     

    I have it on good authority that DD did his due dilligence on them, he chose not to throw away the clubs money, quite rightly as it turns out.

  9. Marrakesh Express on

    Wonkyradar 21:53

     

    Well put….For me, Smith portrays the worst in the club that was RFC. He’s more of a bigot than the 16 yr old ‘up to his knees’ in the Copland Rd. You would think that after the TB bridge building gesture he’d have mellowed. But no, his parting jibe at a fellow manager who was going through hell caused by HIS people, was deplorable. His type are Scotland’s real problem.

  10. My dear,dear,dear,friend..Doc( Ye goat the Best Handle..in the Bunkhoose!) @ 22.25.

     

     

     

    What’s Up.. Doc????

     

     

    Bhoy, Oh! Bhoy!..

     

     

    Ah alwiz Waaanted tae open up a Submission .. Wi’ that!!

     

     

    Yep, kiddo.. Ye goat that Right

     

     

    Whit. Right?

     

     

    Why..

     

     

    The F.G.A. are a Brand Noo Ootfit.

     

     

    They hiv Become Noo… whit ur known in the Trade…

     

    as

     

     

    “Seconds”

     

    and Everybuddy Knows That ….Seconds are Called.. well.. “Seconds”.. because, they ur Second Rate..and Second Rate..is nevah as Well liked as.. well… First Rate!

     

     

    Right?

     

     

    An Naebuddy. But .. Naebuddy..

     

     

    Wants tae Come In.. SECOND..in a Race.. or.. well. at

     

     

    ANY BLUDDY THING!!

     

     

    Nae matter how ye slice it or dice it..

     

     

    A New Club..is.. well..

     

     

    A NEW CLUB.

     

     

    So how kin it stil be regarded as an AULD YIN?

     

     

    Look..they ur .. eethur Wan Thing or Anither..

     

     

    Right?

     

     

    And they are A NEW CLUB..

     

     

    Kojo

     

    yer pal..who likes ye bettah than a Plate a Pease Brose and Mulk ..

     

     

    Still , Laughin’ …of Course!!

     

     

     

    KO

  11. the glorious balance sheet on

    STV`s report of Rangers history is very telling:-

     

     

    Bill Struth`s obsession with bowler hats;

     

    Celtic winning the European Cup;

     

    The Ibrox disaster;

     

    Jock Wallace growling and bellowing at a report after a Cup Final;

     

    John Greig being handed the Cup Winners Cup in a toilet;

     

    Orc fans protesting at a Catholic being signed in 1989;

     

     

    Part of the fabric of the country, well if thats so the country had better be shut down.

  12. the long wait is over on

    aye.

     

     

    you cant beat a good eulogy.

     

     

    who is ever crass enough to criticise the dead?

  13. Signing catholics upset a fringe set of thier fans. How can 99% of that old club’s fans be called a fringe

  14. Still laughing at the Cardigan’s statement earlier today. “…Rangers Football Club should be in the hands of Rangers people who will stabilise the club and protect it from future situations like we find ourselves in today”. er, wasn’t it Rangers peepil who drowned it in sleaze, lies , and bigotry causing it to die?

     

     

    HH

  15. the long wait is over on

    John Mckay – are you trying to make us boak?

     

     

    Absolutely ridiculous grandstanding.

  16. Seeing those bigots complaining of the signature of Catholics …all you need to know of the great Scottish institution

     

     

    We’ll be better off , much better of , without them

  17. The bould Hector's bhoys..... Tá ár lá anois on

    Just had another one of those Spontaneous Incessable Laughters…..

     

     

    They can really take you by surprise sometimes…

  18. Switched STV off now. Shocking, bigoted, hun voice over there. Might as well shouted ‘We are the peepul’

     

     

    Hun fu**s!

  19. Marrakesh Express on

    When do they actually start being referred to as The Rangers? Do we have to wait till the full time results are read out on Sky this August? Or Aug 2013?

  20. Newco – I am The Colossus, Uncle Tom Cobbley….. d’ye want ma money? Ah’ve goat a tenner……….. and I’ll lend it tae ye……

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