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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Now that the Cardigan has entered the fray its gets funnier, they just don’t get the fact that the Orcs are a corpse with their tainted history, and he can start a newco anywhere.
So I’d assume that they can just approach BDO and make a more substantial offer for the assets, so any deal which Duff & Duffer have made with Green can be unpicked, as its in the interests of the creditors.
I see the Great Waldo has come out from the closet and talking about rangers being magical.
Well in the words of the magician the Great Soprendo. ” Piff, Paff , Poof ”
The mighty rangers have gone
Is Walter auditioning for a role in Burke and Hare?
Walter Smith is launching a new bid to buy Woolworths
Fantastic work Paul67.
Your a hero. You went where the LL feared to go. You have put them to shame. The bigoted institution they fed from is dead.
HH
bankiebhoy1, cheers.
LiatroimBhoy, great to hear that, thank you.
the long wait is over, sorted, cheers.
danso_1888, not aware of that.
celtic40me, loving every minute of it. More importantly, I hope your Dad is too. I gave him a thought earlier. Pass on my best wishes.
Ordinary Bhoy, you’re v welcome.
Steinreignedsupreme, true.
Today is for every Celtic fan past, present and future.
Today is for Jock Stein and his family.
Today is for Tommy Burns, for all the cheating he put up with.
Today is for Alan Brazil and others mocked by rangers fans.
Today is for Fergus McCann, who took on the huns and won.
Today is for all catholics around the world.
Today…..
The Rebels Have Won
Is it right that Ally has a received a toupee today?
Mark Hately – “Walter’s bid is just like a new signing!”
Paul67
You will have heard by now that Walter Smith wants to buy Rangers.
Given that he was one of the mainplayers behind the decision to put trophies before prudence in 2008 when he spent £18m on the likes of Mendez and Davis, including the use of ebts, rather than provide for the tax bills, do you consider him a fit and proper person to be allowed to repeat the same behaviour should newco apply to play in the SPL.
No way did SDM decide on his own on footballing suicide. Watty must have provided the budget and he was still spending opm when he signed Jelavic. Btw I have transfers in and out spreadsheet if you want it.
Back from ethery exile, internet limbo ( what happened exactly?):
Tully- why is Brian Donohoe on your establishment list?
Is that the guy who chased John Rambo through the woods wae a gun toting militia & a gang of Dobermans?
The Belly of the Architect guy?
I don’t think he deserves to be there. For what it’s worth, I think he’s a decent actor: he play’s a mean baddy.
……aaaahh the Helensburgh Humbug enters stage left………
Take yer seats for the next performance………
cheers all for the RTC comments
Walter Smith???
Gentlemen, please help me out here…
Have I been struck on the head by a falling piece of masonry, admitted to hospital, and am currently experiencing wild hallucinations in my comatose state?
Did I accidentally ingest one of those south American psychotropic tree toads with my swan and caviar lunch?
Did I accidentally take crazy pills instead of St. Johns Wort?
Is this The Matrix?
How can the demise of Rangers get any more farcical and unlikely?
I suppose next it’ll turn out that Craig Whyte was a cyborg sent from the future to destroy them. That would explain the uncanny valley effect of his cartoonish bulging eyes, undulating trachea, and flat, robotic voice.
(thumbsup)
Patrick27 on 14 June, 2012 at 16:43 said:
THT@TheHumanTorpedo
After his late bid for Rangers Walter Smith will now fly to Dallas where he aims to stop JFK assassination by shouting “Duck Mr.President”
==================================================
It’s all a bit ‘psycho’ is it not? Dead mother in the bedroom, son can’t let her go, keeps the rotting corpse, thinks it is still alive…..
A little bit sad, a big bit sick and very much delusional.
TheGreenManalishi(WithTheTwoProngedCrown) on 14 June, 2012 at 16:25 said:
What’s your plans tonight then mate. Still rough from last night to be honest but you never know.
The other week I likenened this scenario to that of Game of Thrones. I think today sees the end of book 1, with book 2 just beginning……..
HH
Right.
So which players were transferred from the huns to Everton when Smith was Everton manager?
Trying to catch up on all of this from Gatwick Airport.
Rangers are dead. Sevco is now called The Rangers and has bought the assets. The Rangers has applied to have Rangers’ SPL share. And Watty wants to buy … Something.
Is that about right?
Next story to emerge: ” How I was duped out of £5.5 million by Duff & Duffer” by Chas Green Esq. as BDO sell the assets to recuperate lost revenue to the public purse. I believe there is more mileage in this!
So far I have seen 2 proposed names for the new Zombie FC, is Charlie Bhoy having problems finding a name that has not been previously registered?
Loving the Rangers taxcase tweets, who would’ve thought Sir Walter having an EBT.
No wonder that club is in the state it’s in with guys like Sir Walter dipping his hands in the till, guys who the huns thought they trusted.
I can see Charlie Green + his consortium not wanting less than £10m from the EBT Cardigan’s group for the stadium etc
The question is. Will they pay it?
Another point came to me when i saw the names in EBT Cardigan’s backers
Why on earth are Celtic and any supporters clubs continuing to use Park’s of Hamilton, considering their owner is an uber Hun who is using their money to try and purchase a NewClub?
Auldheid
Can the new football club “The Rangers” play in SPL without SFA license?
Is there a clause that says SFA licenses can be awarded at the discretion of SFA?
Have I been struck on the head by a falling piece of masonry, admitted to hospital, and am currently experiencing wild hallucinations in my comatose state?
—————————–
Nurse to Philvis – “You’ll just feel a little prick.” ;-))))
tomthelennytim on 14 June, 2012 at 16:48 said:
I had a very late one last night, but one has a sense of duty in these momentous times. Just let me know where and when (city centre would be best)
HH
Good afternoon to one and all on 1st day ATD (after thems demise).
One Colin Blane was getting very excited on BBC24 about Wattie rescuing them at the 11th hour. Moments later, Ben Geoghan (very timmy sounding name) informed all and sundry that our friend Charles Green had actually done the deed. Let the knives come out now.
Walter will soon be returned to his sheltered housing complex, given his medication and reassured that it is still 1994.
RT
It is a little! Rangers are no longer a club, time to move on! :o)
Gordon_J
Hole in one ;)
Ernie
Michal Ball 6.5 million
Mer Film titles:
Build their Gallows Very High.
The Awful Truth (a biopic of Watty’s later life).
Steal anything Big or Small.
The Very Long Goodbye.
Bad Fellas (about a bunch of psychotic gangsters).
Your only a Club Once ( james bond type boardroom espionage).
Paul
It is noticeable that your handwriting was more flamboyant in 2008.
Has this saga impacted on your self-esteem to the detriment of your public presentation?
HH
Turd FC have finally disappeared down the Cludgie…
Aaah……
ernie lynch on 14 June, 2012 at 16:49 said:
Michael Ball
The Cardigan seems to have blundered into a trap which his ego blinded him from anticipating.
His backers appear to be the same peepul who were lurking out of sight while their patsies stood in the spotlight collecting data from D&P during fake ownership bids. The real attempted takeover was always going to be post-liquidation in order to stiff the maximum amount of creditors, hence the rogue’s gallery of pseudo-bidders with no credibility amongst the Orcs support.
Nuclear alert: Geiger counter ticks are now rattling like a snare drum roll.
Ernie
Sorry wrong way round
murdochbhoy on 14 June, 2012 at 16:47 said:
Is it right that Ally has a received a toupee today?
The toupee in question is next years transfer budget.
Sir Paul.
Great Day,in the Morning!!
From Noo Oan.. The Former G.A. will Now be Referred to . by Me. and Forty Million Frenchmen…as…
The F. G. A.
The Teaser ,is.. Of Course..
“Whit diz the “F” , Stand Fur?”(and.. Na… The “F”,disnae Stand Fur..”Former”!!)
Get it? Goat it? Good!!!
Kojo
Noo.. REALLY. HIvin’ a Good ..Laugh!!!