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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Those advocating that we call it newclub instead of Newco have got it wrong as it is not a newclub yet. So why bestow it already ? They are a company …they have a long way to go before they can be considered a football club.
HH
Tom Mc
Loved the story…….we can but dream. HH
Morning All, I really think it is going to require a season without football at Ibrox for the Scottish media to half-way acknowledge that Rangers are dead. Given this, Newco’s opponents should be putting all their energies into erecting all possible hurdles to Newco meeting the requirements / deadlines to field a team next season. Then after that, if it walks like Rangers and talks like Rangers, we tax it like Rangers. Zombiehunters CSC.
Whither the cash strapped scrofulous Hillbillies the day?
CORRECTION!
Whither the cash strapped scrofulous NEW Hillbillies the day?
meanwhile craig whyte sits contemplating floating charges and that kind of stuff internet bampots wouldnt understand.
ebt walter duncan ferguson souness newcastle freddy shephard sfa employee caps….
Feel free to correct this , any pedants and pedagogues amongst you but the Horribles going into liquidation is the ‘antithesis ‘of the ‘sobering thought’.
However, Mr McColl, who became one of Scotland’s wealthiest men after building up the Clyde Blowers engineering empire, last night said: “I would like to issue a public appeal to Charles Green to strongly consider selling the club to the Walter Smith consortium.
“This would be in the best interests of Rangers, the Rangers fans, and all of Scottish football. Mr Green does not have the backing of the Rangers support and, the longer he delays, the harder the situation will become.
“A number of the individuals in our group have great concerns because of their interactions with Green. The way it is going, there is not enough transparency. There is just worry, with all the club has been through. The group here has decided that something had to be done to fix this – to try to recover the situation with the club.
Its about Transparency for Mr McColl and his new consortium
How much money are you putting in Mr McColl and can you tell us the names of the persons who are involved in your consortium?
Mr McColl refused to reveal how much money he was putting into the Walter Smith-led consortium, saying: “I don’t want to comment about me or any of the consortium. I have no comment to make about who, or how much, or what. This is a genuine effort to support Walter Smith and the Rangers supporters to secure their club going forward.”
You have to laugh
So when are the SPL fixtures due to be published?
Anyways, as for Ireland- great support, no players good enough for this competition. Which would have been the result if Scotland had qualified.
With the pressure off, and the pressure on Italy, they could get a result next week.
Did anyone see the so called historian in a classic case of whataboutery on BBC2 newsnight scotland.
He stated that aberdeen had a cheek talking of integrity becuase they have avoided relegation twice in recent years due to the premoted club not having the proper ground requirements.
historian = mask slipped
Minceyheidman on 15 June, 2012 at 08:36 said:
So when are the SPL fixtures due to be published?
I think its Monday.
Babasonicos
I feel for you my friend and I wish you well!
God bless!
charles kickham on 15 June, 2012 at 08:37 said:
Yes him and Wilson huns to the core.
Hail hail, been in lurksville over the past few days so a big thanks to everyone for keeping the blog updated with all that has been going on over on the sou’ side.
So side splittingly funny.
Walter showing his hand by making his move only after the body hits the morgue slab and he is seen as the great saviour. Totally and utterly bemusing.
hen1rik
Thanks for that.
67Heaven … I am Neil Lennon..!!..Truth and Justice HAS prevailed on 15 June, 2012 at 08:16 said:
I was thinking when we texts friends or anyone who calls SSB etc should only refer to them as the new team lol, now that will rile them.
They don’t do walking away?
They don’t do marching to the sound of the guns, either.
The response of the Loyal Royalists has been pretty pathetic.
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 15 June, 2012 at 08:19
Do you think the SPL board will get it wrong too?
With a boycott of season tickets being called for by various supporters groups, the departure of Sleekit imminent and the players due to walk away from Newco, a thought occurred to me
Those clubs who will vote ‘yes to Newco’ (Kilmarnock, Motherwell, ICT) would do well to bear in mind that there will be no Newco away support (while Green remains in control) even if they were voted back into the SPL
Did anybody else notice the internet huns face last night when the fox said the huns should be stripped of titles and cups? I thought he was going to walk over and kick kellys head in!!!!
Good morning all
A special good morning to any Newco supporters who may be looking in.
They do have supporters, don’t they?
Celtic have 8-10 weeks to make a claim for previous lost titles before huns officially go into liquidation.
Morning,all.
Firstly,I echo the sentiments of PHILBOY at 0838.
Best wishes to BABASCONI-his post at 0043 is well worth a read.
Secondly,I’m gonna sit back and watch all this with the huns unravel. No need for any additional input from me,they can do it themselves.
Besides,I brought the blog down with my last attempt at 1832 last night!
There is so much more to come out so I’m just gonna enjoy it……..
Maybe ive missed this in amongst all the financial shenanigans,
can someone tell me where does this leave our hero?
I know he managed to rob charlie out of £2 for the worthless shares but what about this floater our hero had? think it was a flaoating charge but floater sits better, err so to speak.
Che on 15 June, 2012 at 08:47 said:
Agreed but i have a feeling this has a long way to go and Mr Whyte still has a lot of influence.
BABASCONI?
BABASONICO.
Sorry…..
Just had a wee difference of opinion with a supporter of the now dead Huns .
Hun – I want Wattie in charge of R****** .
Me – where was Wattie when your club was still alive .
Hun – Waiting for the right time .
Me – when he can try and get the NEWCLUB with no debt , instead of saving your old team .
Hun – Wattie knows our history and will have clubs best interest at heart.
Me – you don’t have any history
Hun – I we dae
Me – who was NEWCLUBs last game again , when did you win your
First cup / league etc.
Hun – we still have our history
Me – I in your heid / memory
Hun – we will always have our history
Me – I , starting yesterday , just cause your deluded doesn’t make you right .
Hun – I’m away to my job .
Ha ha stupid hun
Hail Hail
No doubt about it…..Rangers Football Club , 1872 are dead, defunct,obliterated, and every fan of every club that plays the (insert new name here as appropriate) ,will remind them of that. FACT
Babasonicos – my best to you
Will whoever plays at Ibrox in future still have 54 done in white amongst the blue seats?
Cos if not,there’s another expense ripping them out and replacing them.
Of course,they won’t need to actually replace them. Just rip them out-nobody will be needing the seats for some considerable time!
FourGreenFields on 15 June, 2012 at 08:50 said
Me – who was NEWCLUBs last game again , when did you win your
First cup / league etc
LoL, like that part.
BMCUWP- that’ll be aisle 54, in the new Tesco’s.
Puddings and Desserts- jelly, ice-cream, that kind of thing.
Every little helps.
henr1k – there are no easy games in the Ramsden’s Cup.
Brendan McKenna @brendanmckenna1
Vote YES for Fergus to unfurl league flag in August! http://www.octavedoctor.com/
greenjedi on 15 June, 2012 at 08:45 said:
Did anybody else notice the internet huns face last night when the fox said the huns should be stripped of titles and cups? I thought he was going to walk over and kick kellys head in!!!!
when the fox was challenged by the internet hun on where was the evidence for stripped titles and cups, the fox bolted in disgrace as he agreed with the internet hun
Babasonicos
You’ll NEVER walk alone
Come On You Bhoys in Green…………