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. Lionroars

     

     

    Last nights programme contributors and presenter could have been picked from any hun pub in the west of scotland.

     

     

    Where was the balance, where was anyone to say Rangers can’t be saved as they are DEID, OOT THE GAME, FINISHED, A DECEASED FOOTBALL CLUB, BYE BYE!!!

  2. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Dontbrattbakkinanger 0857

     

     

    LOL,sharp as a tack-as ever!

     

     

    You won’t see me in NEWTESCO-see what I did there-as I think they are depressing places.

     

     

    Their slogan is nearly right,just one letter too long at each end.

     

     

    It should read-

     

     

    VERY LITTLE HELP

  3. Clyde 2 playing the Big O right now, but its not Penny Arcade!

     

     

    ITS OVER!!!!!!!!!!!!!!!!!!!!!!!

  4. hen1rik on 15 June, 2012 at 08:54 said:

     

    Thanks mate , had 3 of them spitting teeth this morning .

     

    You don’t even have to put much bait on the hook , they just take it and you reel them in .

     

    It’s so easy .

     

    Hail Hail

  5. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    FOURGREENFIELDS 0905

     

     

    That could come in handy in the Ramsdens Cup……….

  6. I am NL in NZ Tauranga on

    Baba good for you for having the courage to share. Walk on mate , hold your head up high, Gabriel needs you. Keep the fire lit. Got close to it once when my brother died so know what its like to go deep. Keep you eye on the hirizon it chnages so long as you move forward. Who would have thought in our lifetime that there is NO team like the glasgow rangers. Happy days. Take care mate.

  7. greenjedi on 15 June, 2012 at 09:02 said

     

     

    Correct and that’s why i turned it over to the BBC, Jim Spence is the only honest guy in his profession.

  8. followed by Gene Pitney, “I’m gonna be stong” wich ends with the lyrics

     

     

    “How I’ll break down and cry!”

     

     

    :-)

  9. It has become crystal clear to all and sundry that one club in Scotland recieves preferential treatment from the msm, the spl and even the first minister. All ready to do whatever it takes to save the mighty gers. Rules will be ignored or changed to suit.

     

    This off field preferential treatment readilly translates into what Celtic supporters have always known, it happens on the field as well.

     

    I wonder if supporters of other clubs still think its the “old firm” that get the preferential treatment!

  10. Four Green Fields- the analogy I use with them is that Rangers FC plc were like a patient, in hospital (administration), desperately sick and needing love care and attention to be nursed back to health.

     

    This was not forthcoming and the patient has since passed away. As soon as the doctor signs the death certificate Walter suddenly appears offering to buy the patient’s worldly goods- house, clothes, tools, car etc.

     

    As low a blow as you can get.

  11. Traynor, Wilson & Grant in hagiographer mode via their rags today in full slavering

     

    drool PR copy on St. Walter of the EBTs rallying cry for the Exco RFC thuggish hordes to utilise their innate intimidatory skills to oust the demonised Newco Green imp to ensure the master race profecy of their Third Reich entitlement.

     

    Stupid ex-Huns.

  12. South Of Tunis on

    Euro 2012 —–

     

     

    Former Juve great , Roberto Bottega doing a daily review on the radio re the previous day’s Euro games —–

     

     

    Ireland 0 – Spain 4 .

     

     

    ” What can I say ? What can I talk about ?. The number of passes Spain completed ? . The number of passes they misplaced? . How much possession Spain had ? How many they scored ? How many they missed ? How superior Spain were ?. I could but I don’t want to — It feels like analyzing a race between Ussain Bolt and a geriatric with one leg. -what’s the point .?

     

     

    I didn’t enjoy it . The game was ludicrously one sided . Sport requires an element of competition ..

     

     

    The Irish support were magnificent . Pity this was Euro football and not the Eurovision Song Contest ”

     

     

     

    Croatia 1 —- Italy 1 —

     

     

    ” We started well . Great freekick from Pirlo . We wilted in the second half Shocking defending gifted Croatia the equalizer. We were very poor up front . We look physically weak and lacking in confidence.. We will progress if [ my use of the hypothetical worries me ] we beat Ireland and Spain take Croatia seriously . Italian football is in decline “.

     

     

    Very hot ,very grey -there might be a downpour -way down south.

     

    .

  13. Sorry if this has been discussed before, but what happens now to Rangers history? Will any future league title be officially their first?

  14. If they had been wise, they should have first dealt with the cheating, returned titles and cups to the rightful owners. This would have resulted in oldco being relegated in place of Dunfermline, 12 SPL clubs and the Oldco in the First Division. I’m sure the SFL would then have been OK with some kind of transfer of share. A TV deal could have been struck for the 2 leagues and most 1st Div, grounds capable of dealing with the hordes.

     

     

    This would have had the result of some kind of integrity and fair play but the SPL, SFA and Oldco have been too greedy, unwilling to accept that punishment was deserved, and misread the view of the wider footballing fans.

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

     

     

    I am really happy you are fighting back strongly, my Sons Mum went through something similar to you. I hope you have not been prescribed Psychotropic drugs because they do not do you any good IMO. It ended up with the Dr, guinea pigging various types to try and address the “apparent problem”. She is now, thankfully, a lot like her old self again. It is not as simple to explain in just a paragraph as you will definitely know.

     

     

    If the above is resonating with you, please, don’t hesitate at all to get in touch through email.

     

     

    Paul67,

     

     

    Awesome work, you are a real Legend, unlike this fake legned who has came out of the woodwork to try and cover his tracks with obfuscation.

     

     

    The one thing the hun and the hun media do well is divide and conquer.

     

     

    I hope Smith is fully exposed as much as Murray now.

     

     

    Keep cranking up that pressure Paul.

  16. G77 x 2, G71, PA7 , G69 x 2, PA8, G64, G67, ML3 x 3 , G72 , NN14 , ML2, CH1, G44, G22 x 2, EH12, Dublin11, G43, G13 x 2 , AB22, G41 x 2, G11, G42, G1, DG12, LA14, IV25, BD20, FK15, KA7, KA1, ML5 x 4 , G33 x 2. G67 x 2, EH32, BT66, Dun Loghare, G75, Kentucky USA, FY5, G20, RG27, G44, PA24, KA3, BH1,

     

    G33 x 2, G44, PA15, PA19, DD1, FK7, IV30, ML1, Sicily, TW13, G75, G69 x 2, Eh54 & ml6 have to go can someone do the next update :)))

     

    Happy to oblige.

     

    W5 and G20 added.

  17. Green Lantern (((((0))))) on

    Lantern away. Successful launch. Heading West at a rate of knots!

     

    Woo Hoo!