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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Totally agree with all that was said about the STV debate especially Kelly. Howeva, did you see all their faces when Kelly mentioned the handing back of trophies due to the dual contract issues, that as not part of the script had them all scrawling trying to change the subject, so kudos for that Michael
No to Newclub
HH
Emusanorphan
This is the day of days.
Did anyone really expect that the full weight of the propaganda machine would not kick in? This is the death of an institution that represented a people and a belief system far older than football.
Enjoy the fact you are not a hun.
HH
TLWIO
Cheers mate. I’ll look out for it.
If these programmes are going to have a Celtic representative it should be someone with a contemporaneous perspective. There are many to choose from, not least our own Paul67.
To wheel out the failure Michael Kelly is an embarrassment to me as a Celtic fan and is simply more lazy journalism, or worse, it’s deliberate.
The STV guys on Twitter are decent and engage constructively but that show tonight was puerile.
SwanseaBhoy
SwanseaBhoy
Will anyone be stickin’ bbc nns on YouTube.?…some of us unfortunates in the deep south don’t even get it on iPlayer!
SouthOfTheBorder CSC.
:-)
Myles McBride, father of CQN’er Sean, Rest In Peace.
Emusanorphan, no worries.
Cowiebhoy on 14 June, 2012 at 23:42 said:
I don’t know if he is.
Name rings a big bell though.
On another subject.
I have you down to a couple of ghuys, I gave my id away with my Dad, do I know your Family? Did your Dad scout for Celtic?
Won’t name it on a public forum, but I’m pretty sure.
Any how, light a lantern over Bannockburn@10pm on Friday night.
What do the liquidators do?
If Chuck Green has the lot, what is their job?
Or maybe he doesn’t have anything yet.
Emdy know?
miki67 , where are you. i’m in laandaan and tune into 990 for bbc2 scotland and 971 for beeb1
BBC. Did you hear the history (now gone) ragger saying Aberdeen had a cheek to talk about cheating as they stayed up twice because teams did not have a fit stadium. How in the name of anything that’s logical can any idiot equate the two reasons. Only a ragger – what-aboutery even from the grave. God, no Aul Nick has his hands full now trying to cope with that mob.
Hail, oh Hail, Hail, Hail. Don’t need my tablets tonight for a good night’s sleep.
My dear,dear,dear,friend.. The Long Wait is Over.. and Doc..
Guys.. Ah am no gonna Call ye a coupla Liars..
And.. even if Ah thought ye wur Lyin.. AH still widnae
Call ye A Liar..
Na.. Ah always use the Term..”Stranger tae the Truth”
In any case..
Ah am no gonna call ye. THAT. eethur..
Howevahhhhhh..
You guys, hiv fair taken The Breath away Fae Me..
When ye bait..up an Tell me.. Quite. Sang Froidly..
The..
The Tax Debt.. DIES wi the Auld G.A. and is NOT Carried Oan tae the Newco.
Hivvens. tae Betsy..!!
Then. why in the Name of the Wee Man .or the Wee Wumman..(Always try tae be. so . P.C… especially,oan HERE!)
Wid Any CORPORATON. bother tae Pay thur. Taxes..?
Why should They…Not…Jist Run up the Bill… Hide thur Remaining assets in the Loabby Press…(The Tax People. Never .look There!)
and Declare Bankrupcy..
and Re-open. somewhere, doon the Garscube Road.. and Re-Open fur Business…Using anither Name!
If whit ye tell me is PUKKAH.. then..
Awe Ah kin say..
Is.. THIS…
The Tax Folk. in the U.K. is a SUCCAH!!
Kojo
yer pal.. who likes the baith of ye a loata Bettah, than a Day at Millport..in December.
Still.. Laughin’ , though. Still Laughin.
Not sure if these statistics are correct or not but I think I heard correct from STV.
Rangers fans were asked to tick the box that they thought
was the best way forward for the new club.
A/ Go down to the lower leagues and work their way up. 24%.
B/ Straight into the SPL with no sanctions. 27%
The rest declined to vote as they did not know what a box was and If I mentioned the tick again I was going home in an ambulance.
.
Paul67
STV stirring historic summary ended with the comment “Rangers in limbo” hunbelievable the Scottish media is delusional.along with the fans. They live in a parallel universe its a twisted mindset.
Myles McBride R.I.P. In my thoughts and prayers.
Hail
LANTERNS & FIREWORKS.
Friday night 10pm ish.
I posted on Tue night lets get fireworks for Friday night.
since then its grown into a lanterns in memory of or dearly departed to let then share this moment event.
followed by fireworks.
do what ever you can to take part in this event.
get it lit andkeep it lit
Doc,
I think you maybe don’t realise that you are asking questions to what is a figment of its own imagination.
You are never going to get an intelligent answer.
Your Pal,… who likes you a whole lot mair than he even likes his mama.
You could try asking my wee imaginary dug, Muttsy.
Goodnight, Scotland, ETC….
So it would appear that SKY now hold the actual power when it comes to Scottish Football. If, as these so called experts say, an SPL without THE ragers would mean financial armageddon for some clubs in the SPL then why are these clubs not demanding Sky comment on the situation?
Surely Sky need to become involved in this debate now?
Kelly I’m sure is many things. I doubt one of them is a hun. I’m not a fan btw but he did pop the sporting integrity and hand back of trophies into the quicksand.
That made me smile at least.
I hope folk remember that what ever replaces Rangers, whatever league it appears in and whatever season we meet it in a cup or league match, I hope that folk give them the courtesy of a famous Celtic welcome.
No hysteria of some ancient rival derby match.
No big built up of some epic encounter.
Just mild curiosity and encouragement that was afforded to the new wee diddy teams the likes of Gretna, Livingston etc.
When that happens, the ‘Old Firm’ will truly be dead
I think the following may have been written by Michael Kelly:
http://www.agreenerfestival.com/2011/08/update-on-sky-lanterns-eavis-wants-a-ban/
Jim Spence was good. Realist if nothing else. The history, herald and financial guys all looking to play the they are ok game. They were called experts at the start. Only four that I could see were Jim Spence, Mark Daly, the uni guy and the BBC sports guy. The rest were from the newco support faction.
Hail Hail
Aberdeen For Change @AberdeenChange
Hmmmm…. http://www.followfollow.com/news/tmnw/rangers_history_group_198890/index.shtml
Kojo on 14 June, 2012 at 23:50 said:
Sorry Cheif, but unless I am mistaken(it happened, July 1993) but the fga are dead therefore the sins of the dead company are dead, the directors are still culpable, but not the Newco, unless I am mistaken, as I say this has happened, but, but……
The football side, Lord Carloway, now that is a different horse.
Love STV’s Bar [72] Charts.
Go Figure…?
STV POLL Over a Thoooooooooosand responses !!!!!
What Penalty Should A New rangers Face…?
orcs
not football fans [whitttt ?]
League Demotion:
27%
38%
Points Deduction [TakinTP]
30%
20% [?]
Stripped of Titles
1%
14% [?]
Expulsion From League [you’re not IN the League,…Youre Not In ANY League !!]
4%
17%
There y’havit. The voice of NOT FOOTBALL FANS in STVs poll shows conclusively….
They still Think They Can Walk Over Us
i drove passed ibrox at ten tonight just because u could.
not a hun in sight.
a few pitiful flags and scarfs on the gates.
one for her majesty jubilee.
you couldn’t make it up.
they are about relevant to today society as the flat earth society.
RFC 1872 – cannot fulfill thier fixtures and therefore must be expelled from the SPL.
TRFC 2012 – a football club with no league to play in.
The latter cannot be “demoted” to Div 3 – its a matter of where they enter.
Doc – no , I am not who you think, his dad was originally from Cowie.
another ex Cowie & St Modans Bhoys name I seen on the blog the other week was Lawrence Donegan.
I believe I will be about 7/8 years older than you,
Paul 67 – should have started by saying Thanks for the fantastic effort over the past few years , been a joy
Sky Lantern
99p in the wee card n book shop Cleveleys nr Blackpool, biodegradable (thumbs up).
According to the accompanying literature…..
Sky Lanterns have become an integral part of trad culture in Asia ( and Glasgow), particularly in Thailand where they are released in celebration, the Thai Tims using them by the barrowload recently, they symbolise good luck and the sending of problems and worries away into the air, it’s thought many folk around the world will make use of them on Friday night, lighting the sky as rangers die!
HH
Kilbowie Kelt on 14 June, 2012 at 23:51 said:
I know Kojo, he is what he is, a self publicist, an attention seeker, I can live with that, we all want to share our opinions, seek approval, it’s human.
I have read his politics, disagreed, argued, that is the purpose of a blog, sharing opinion.
Myles McBride RIP
YNWA
Paul
If indeed today we stand proud and alone and it is we ourselves….is there an Irish translation for this?
My Dear,dear,dear,friend..Doc
Pal.. Ah Believe ye..
Howevahhhhh..
Ah Jist DON”T WAANT TAE!!!!
Fur … It is SO, SO , GALLING… tae think…that The G.A. wull get aff the Hook. .. so Easily..
and.
As ye Know..
Naebuddy, but, NaeBuddy..
Likes tae Be .. GALLED!( Whit’s “Galled”??..ed)( It’s When ye feel.. Na.. Ah canny use that expression.. no oan here..
Ah’ll call ye later..and Explain tae ye .. chapter and Verse.. whit .. whit feelin… “Galled ” Is.)
Kojo
Yer pal.. who thinks yer swell.
Still, Laughin’
In all likliehood Green will sell to the McColl group. Some of us (well, OK, me) suggested right at the start to watch out for McColl and that he was likely to be involved in a newco.
Just how much of a profit can Green make though without questions being asked about why D&P agreed, with the tacit approval of HMRC, to sell the assets for £5.5 m?
And what of Whytie and his floating charge?
Doc is Neil Lennon on 15 June, 2012 at 00:02 said:
No bother, Doc.
I wasn’t sure that you knew.
Good Luck from me & ma wee imaginary dug, Muttsy.
Cowiebhoy on 15 June, 2012 at 00:00 said:
Fancy a pint in the next few weeks?
Would be good to get in touch with a Bannockburn Bus Bhoy, as I said, season tickets for next season, on the bus would be good.
Spot on ernie , they now have a guy onside with wealth of the radar .
a yeti , e.t and Nessie sitting un their garden gang hut.
another epic failure guys.
none of us found a handsome hun
Started watching STV but eventually had to reach for the Vom bucket so switched over to BBC 2.
Yip, Jim Spence is a decent guy and a good journo with a background that is very interesting in that he studied law and came to sorts journalism through fanzines etc.
So no rank and file bull from him.
Ken Patullo…. well I have met him a few times. Begbies Traynor– that is his firm and not the love child of a trainspotting druggie and a fat journo— is quite a big Insolvency Firm, but I suspect that it is one which “passed” on the Rangers job and if so it will have been Ken that made that decision.
The Guy from the Rangers supporters association did all he could to help Aberdeen make up their mind on any vote……. he is obviously from the diplomatic core.
The only good thing about the STV show was the lady asking to see the valuations that justify the sale at £5.5 Million….. That made sense.
Anyway from now on I want all stories re Rangers and their downfall presented in some of the many voices of Johnny Morris.
knock knock