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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1,200 Comments

  1. 5th generation on

    STV tonight ……pathetic attempt to set the agenda.

     

     

    Why … Captive audience …. You should always know your audience.

     

     

    They are dead , for tonight I am happy with that.

     

     

    Celtic …..well done …so far…..the time is coming though….dont let us down.

  2. Neil Lennon Abbot of Clonmacnois on

    It’s absolutely great that Rangers FC has been liquidated.

     

     

    Great.

  3. Have to agree with whoever said that the SFA could have avoided all this.

     

     

    Yes, by acting “without fear or favour”.

     

    But, you’d need to turn the clock back over 100 years first.

     

     

    However, not owning a time machine, I guess all the SFA can act to stop it all happening again. They can ALL resign and be replaced by a board which does indeed act “without fear or FAVOUR”. Not one which is simply an extension to Masons FC (or whatever their officially registered name may be).

  4. BABASONICOS71 on

    A few weeks back,May 12 to be exact,my son Gabriel made his first communion.Later that day his mother and my partner (i prefer the old fashioned title of girlfriend) told me she no longer loved me and requested i leave the family home.She did this,after 11 years together,by text message.Since that day i have struggled to cope with the reason for living.As a long time sufferer of depression it hit me hard and made me question my purpose for existing.This self loathing and obliteration of any idea of being useful lead,to my shame,to an attempt to extinguish my light from this world.Since then though i have been humbled by the well wishes of family and friends.The love and concern shown to me by people i had in recent years lost contact with has restored my belief in human goodness and my own personal self worth,During this time i have been absent from posting and lurking on this wonderful site.The preceding months to these events were the times i had began posting and adding my own miniscule contributions to what is a wide,varied and enlightening social phenomenom.With the realisation that life does go on and we all have a role to play i am determined to return to some sort of active part,to make my presence felt.The demise of the heinous,bigoted,malevolent non-force that is Rangers has only quickened my recovery and added vigour to my new found lust for life.Although my every day family life is forever changed,the fact a bastion of social,behavioural and moral degredation has met it’s end has restored some faith in life.Having spent almost all of my 41 years watching the cheating,bigoted,regenerative effects of this defunct club being given free reign to expedite it’s horror on football and Scottish society with impunity to now witness it’s current malaise is cathartic.It’s strange how from the depths of despair we can emerge with a sense of optimism and peace of mind.No matter what deluded jingoism we hear from those of a blue hue the cold fact remains that the club tainted by sectarianism,financial mismanagement and arrogant delusion has perished.They can shout what they want but facts are facts – they are no longer.Of course a new version will emerge,still defiant,still deluded and still blighted by hate but nonetheless NOT THE SAME CLUB AS BEFORE.It feels satisfying,even in my own personal predicament,to know that a part of the evil that has held back progression in this country has bitten the dust.So while i failed to prematurely end my insignificant part in the great play that is life it is of great succour that a cancer on many facets of our day to day life has met it’s end.No tears will be shed by me,even in my newly found humility and zest for living,for the death of an institution forever mired in hate.I wish the former club,it’s followers and it’s sympathisers nothing but contempt.For me the future of Scotland,and i’m no patriot,is brighter by this particular festering boil being lanced.Rangers dead,BABA alive,sounds good to me.Onwards and upwards.

     

    http://www.youtube.com/watch?v=2OITxdCJg2Y

     

     

    FOREVERANDEVER!!!

  5. 5th generation on

    The rangers blogger on stv tonight said that sfa have backed themselves into a corner !!!!

     

     

     

    Me thinks it’s the other way around.

     

     

     

    Funny how these guys keep throwing the Scottish cup ejection out there as a potential sanction and forget to mention the other two…

     

     

    Suspension and expulsion …. Funny that ..you would think they were trying to say that they would take the Scottish cup ejection and call it quits.

     

     

    Awful good of them don’t you think.

  6. Tricoloured Ribbon on

    Stv has been the mouthpiece of the Huns for months,maybe years.

     

    Night after night bilge about the likes of Celik and Cousin and all the other deadbeats they told us who were signing for their now defunct club,remember the guy who turned up and had to get a taxi back to Glasgow Airport because nobody was there to meet him. Utterly laughable but time and time again either ignored by the press and STV.

     

     

    Thank God for BBC’S Mark Daly.He on a solitary crusade,well with help from his investigators has nailed this mob of gangsters for what they are.Tax evasion,EBT’s,National Insurance,debts to multitudes of creditors,Celtic,Dundee Utd,Hearts,Inverness and to the dozens of other people who are owed money you aint getting a tosser.Wait though,the biggest piece of vermin coming over the hill is the Cardigan himself.No show without Punch eh?

  7. St Stivs

     

     

    Lantern will be launched at 21:53,…setting off in an EastNorthEaesterly wind as it drifts from PA2 at a speed of 14 mph, with gusts of up to 28 mph,

     

     

    [ using a factor of 18.2 ]

     

     

    16.24/ 18.2

     

     

     

    approaching Celtic Park

     

     

    yes …

     

     

    in 67 mins…

     

     

    A Tribute to — The Lions who Slay’n the hun — will Be Floating Over Pardise at 11pm

     

     

    Hail hail

  8. BABASONIC

     

     

    That was brilliant. Keep posting, that was class. All the best to you.

     

     

    Hail Hail

  9. Anyone fancy setting up a CQN night out in Glasgow for a few beers, would be quite good to meet up with some who write on here, although it would have to be in a few weeks time as I’m housebound at the mo :-(

  10. Baba

     

    You seem to have got it together again ,keep it up cara

     

    Young Gabriel or even one of his kids will have (I have no doubt)need of your support somewhere down the line ,just be there for them cara

  11. Tricoloured Ribbon on

    No way is this war won.Beware the power of the obnoxious Masonic Lodge.

     

    We have had a great day..the battle goes on.Never drop your guard.Remember,per head of population,Scotland has more of these horrible specimens than any country in the world.Any Craft Members lurking.?

     

    Think it’s time for the Sign of Despair..

  12. James79,

     

     

    There is a CQN Liquidation night out planned for 23 June. CRC, MWD and plenty more likely to be there. Venue to be decided.

  13. sannabhoy on 14 June, 2012 at 23:49 said:

     

    >>>

     

    Don’t have Sky……don’t want it. HH!

     

    :-)

  14. Kingoh cheers for that, should be a hell of a party, hopefully full of Celtic songs too!!!

  15. BABASONICOS71 on

    The warm wishes are very much appreciated though not unusual on this most human of blogs.I am over the worst and determined to keep on keeping on.Those who have wished me well have only increased my humility and belief in the goodness of fholks.Thanks again all,it really is a pleasure being part of this place.

     

    CHAMPIONS12,

     

    http://www.youtube.com/watch?v=r4p8qxGbpOk

  16. BABASONICOS71 on 15 June, 2012 at 00:43 said:

     

     

    You sound like one of the good guys !

  17. Baba

     

     

    Read your post mate, so sorry about what you’ve went through but glad your still with us. We all deal with pain and heartache in our own way and hopefully we all get over it in the long run. All you can do is take it 1 day at a time and let friends and family help when it’s needed rather than try to take on the world on your own. Letting people in is the hardest thing but by god it does help mate

     

     

    Hail Hail!!

  18. BABASONICOS71 on

    macanbheatha,

     

     

    Great minds and all that.

     

    Go easy brother and thank you.

  19. For what it’s worth and I’ve been saying it for months I do think it is more important to strip the former SPL club of titles then excluding the new football club from next seasons SPL.

     

     

    That’s what I want more than anything.

  20. Kev

     

     

    The day that happens I would LOVE to hear the reaction on swallow swallow, that would be priceless!!!

  21. BABASONICOS71 on

    Anywho fholks as i’m back at ma’s and da’s i no longer have the scope to nighshift so i have to bid goodnight.As always CQN has shown a caring,humane side seldom witnessed in today’s society.My humility is growing daily alongside my determination to live and live fully.I am indebted to you all.

     

    And before i go,what about that mob eh?The gift that keeps on giving. ;o)

     

    G’night fholks,always a pleasure.

     

    Til tomorrow.

     

     

    http://www.youtube.com/watch?v=vXyv1TW4R4A

     

     

    FOREVERANDEVER!!!

  22. Babasonicos71: no clichés from me,mate ( and not any I’ve seen on here tonight either ). Just keep on keepin’ on like you’re doing.

     

    The saga of rfc (dead) will one day be seen as a classic epic. It has all the elements of great tragedy,comedy,farce and thriller. And,believe me,there are a few chapters left.

     

    KTF!

     

    HH!

  23. macanbheatha on

    The bould bhoys….. Tá ár lá anois on 15 June, 2012 at 01:17 said:

     

    I still play it now and again

     

    My eldest boy used to say to his Ma

     

    “There’s ma Da putting his big Cd on again” :-)

     

    .

  24. Neil canamalar Lennon hunskelper extrordinaire on

    BABA….,

     

    hail hal

     

    have avery good friend who found himself in your position, I managed to blurt out something that shocked him back, and he’s told me it still makes him think

     

     

    your example defines your childrens options

     

     

    drunken claptrap sometimes hits the spot.

     

     

    hail hail

  25. BABASONICOS71 on 15 June, 2012 at 00:43 said:

     

     

    One of the most touching, honest and most of all uplifting posts I’ve had the pleasure to read on here.

     

     

    I’m off to bed now but a massive thank you for sharing what you did, you have helped me today and also helped many who will have read your post.

     

     

    Stay strong and continue to grow.

     

     

    KTF

     

     

    bjmac