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.
“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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Mckay’s piece was like a call to the colours
Bloke 109,
Archie will need to send them a dictionary.
Every time I see yon Struth pic I think…
“Wheeeeeeye’s meee Washboooard ?? Eh ????
Why are all the STV studio guests dressed like middle-ranking Stasi operatives at a Party rally in East Germany in the 1970s?
LightTheSkyCSC
Tomorrow 10:00 pm
Good night and God Bless…
She’s a tax expert, in much the same way that if you send me your cash I shall invest it wisely.
Cracked Hun crest
Made my already very good day
god…. Walter the Legend will save us all
GET A GRIP YA MADDYS!!!!!!!!!!!!!!
lol
HH
Archie say “mendacious” ….they’ll have no idea what he is on about
BundoranBhoy
According to Jackson, Smith has the experience to take over. Whit?
Do you know that this ex club Rangers totally ruined Scottish football? In the 80’s, we weren’t bad, they weren’t great but there was Dundee united, aberdeen, hearts – all good teams, the Scottish first division was a good little league. That’s until Mr.Murray came in and monopolised the league with his money, then with tax payers money, and it’s a miracle that we’ve still been a success throughout all this cheating, yet the other teams have become a shadow of themselves. Rangers ruined Scottish football and the only way it can attempt to recover is for them never to be seen again (unless their new company goes through the leagues).
HH
“We will make the biggest moves that Rangers Football Club have ever made both off and on the park.I am totally committed to taking the club forward to be even stronger. By the year 2000, we will be double our size. We have a business upon a business providing the club with resources to compete at the highest level. I can assure every Rangers supporter that I am committed to the cause, everybody behind the scenes is committed to the cause. We are going to double the size of the commercial department, we have got a new supermarket opening, coupled to all the things that are going to happen and I think it’s great times ahead.” David Murray to Chris Starr, The Herald 26 October 1996
Oh one last thing
HAHAHAHAHAHAHAHA
McKay introduces the results of a poll of Rangers fans – who is to blame for the club`s demise:-
Craig Whyte – 5%
David Murray – 5%
The Unseen Fenian Hand/ Timmy Conspiracy – 70%
Catholic Schools – 20%
Oh no Duffield on now!
He saw nothing, knew nothing, did nothing.
Duffield needs to blow dry that ferret on his head.
Refusing to watch STV party political broadcast for the Huns , old or new.
I would be just as well inviting the local lodge into my garden to play a few tunes.
You know what your going to get , so why watch .
Who do you think NEWCO clubs first signing will be – genuine question.
Hail Hail
Rangers strips in a museum. Sums it up really.
When will thwey get the point – this is an ex football club.
Sage Smith FFS
Why on earth is he given media work … Why ???
Bloke109,
in saying that i would’nt mind a wee night discussing figures with her ;-))))))
Am I really interested in the views of Smith an ex Rangers player and employee?
Incoherent fool
and McKay – try to ask a question that isnt a leading one
@ChrisGraham76 now on. Expect Walterebt to be mentioned every sentence.
How can you take a licence from a dead team?
The Kano Foundation Euro Predictor
Another day , another time Motherwelltim leads the board – well done.
Leaderboard here http://www.sportguru.co.uk/euro2012//pool_leaderboard.asp?p=10018468
Congrats to him/her and Row z, both of whom have correctly predicted 10 out of the 14 results with motherwelltim holding the lead courtesy of getting the margin right in 6 of those .
Noticed a few people missed their predictions today – not being BigBrother-ish but want people to enjoy themselves .
To that end , we’ll be running a first goal competition during the England game tomorrow – prize will be a Kano polo.
Just enter your predicted time (mins and seconds ) on the banter page for the first goal – dead easy – even Googybhoy can do it as long as it’s in the first 21 mins and he can take his shoes and socks off !
Sanna
Duffield talkin about goin to England,wake up ffs.
MAIR LIES
‘this whole thing could have been avoided by the SFA’. Aye ok @chrisgraham76
Final spin
Today is actually an improvement
GTF Huns ..
A financial question.
Someone asked me today about the banking crisis in Spain, he has a few grand in a bank here, about 18k, is it safe ????
I didn’t know what to tell him, any ideas !!!
30 minutes of my life I’ll never see again.
S
going to give bbc scotland a wee try – bbc 2 now
Kojo on 14 June, 2012 at 22:42 said:
I have been laughin all day long, my nom de blog is the best thank you for that. If the new club that wants to be known as Rangers(sorry) then they will be second for a very long time. If they want that history Lord Carloway may still have something to say.
To give it a movie analogy,”the time of the Orc is over”
Still liking yer style, if not always yer politics, but always open to debate.
Good man that ye ur.
FourGreenFields on 14 June, 2012 at 22:59 said
Who do you think NEWCO clubs first signing will be – genuine question.
Hail Hail
Bro I think it will be Gattuso, oh wait…… he signed for Sion AHAHAAHAHAHAHAHAHAHAHHA
HH
While on Newsnight, it’s Traynor, and two clubs will back a newco in the SPL and 156 on the panel.
Newsnight Scotland ..now
sannabhoy
Donation on its way after that result
Should supporters of Zombie Fc now be called Hunz?
We all need to take a wee step back here. This is the final bite of a fatally wounded animal.
The heart has stopped.
The last oxygen is being consumed as we watch.
Enjoy.
HH