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. To me Charlie Green is beginning to resemble a beaver. He is busy building dams all the time, he never stops. He is busy being busy & so he thinks he’s doing something useful. But all he is doing is building dams where there is no need for one or even if one is needed at all- he is only serving to offer the MSM/LL applause- because he is sustaining their sole reason for existence. He must be doing something useful because he is very busy, says conventional wisdom. Outside his usefulness to the media, his busy busy beaver approach, is a distraction for the hordes who think something meaningful is happening…but its just all movement & action.

  2. traditionalist88 on

    Can the deid Huns still be stripped of titles or has that ship sailed with the deid huns on it?

  3. ….telt ye……….walter will be a lightning rod for the succulent bams………

  4. SmashingMilkBottles on

    There were more Huns protesting outside Ibrox when they signed Le petite merde Johnston than when they met their death.. …

     

     

    Goodbye JobbyFC

     

     

    15/06/2012 22.00 light the sky!

  5. Steinreignedsupreme on

    traditionalist88 on 14 June, 2012 at 17:25:

     

     

    “Can the deid Huns still be stripped of titles?”

     

     

    Aye they can … and I expect they will…

  6. Monaghan1900 on

    “Wishing Rangers dead. What they really mean.

     

     

    There is something fundamentally more to this.

     

     

    The general population in Germany didn’t hate the Jews at the beginning of the 1930’s, but after many years of biased propaganda, lies and negative stories in the press and constant demonising of them through media sources, they then had no problem seeing them consigned to the concentration camps.”

     

     

    “That’s exactly what is going on, it’s been clear for years now”

     

    ———————-

     

    FF gets to the crux of the matter.

  7. traditionalist88,

     

     

    i posed that question earlier, i read somwhere if not applied for before liquidation is official then its to late, dont know if its true or not.

  8. philvisreturns on

    Monaghan1900 –

     

     

    First they came for the Manchester rioters… (thumbsup)

  9. I’ve had my jelly and ice cream—-and I don’t even like jelly and ice cream, but suitable celebrations must be made. I’ve just come back from Scotland, and consequently am catching up on CQN, since my grandson’s wee Samsung was having internet link problems. To all those who remember their Celtic loving family–I know too well how they would have loved to be here to see them go down the tube. My beloved eldest brother’s 20th year of passing is next month. He was there at Windsor Park when Jimmy Johnstone had his leg broken, and when his Celtic, Belfast Celtic, left the cesspit of the IFA. His love was then wholly for the Celtic that remained, and he loved them with all his heart. So, on his anniversary next month, I will go and talk to him in Milltown, and I’ll have one of those Chinese lanterns with me.When I finish my prayers it will go into the sky, and people who see it in West Belfast will know what it means, especially the CQN readers. The game has now moved on another stage. Celtic have not said a single thing. What I and others have said all along still holds true. They don’t need to. The Wargame scenarios have already been worked out. On the Dark side, they still think they rule the roost, even when presented with evidence that it’s a whole different ballgame. EUFA/FIFA have not spoken.

     

    The EBTs are not finished with,

     

    The Appeal is still to come.

     

    Walter has just been placed, it would seem, in a large dollop of doo-doo.

     

    And, best of all, Our Hero Craigy is still to show his hand.

     

    Remind me again–what dates are coming up like a Piggott riden sprinter?

  10. BhoyinEngland on

    Afternoon

     

     

    The promised demise of Rangers is now done. Thank God it’s over – Well until the tax case, and whoever will be the next owners, and if they’ll stay in the SPL etc

     

     

    However, can’t help but notice that eejit, Nu Mad, is on his high horse again on the Newcastle United Mad website. According to this anti-Celtic retard Wanyama wouldn’t be good enough for their 3rd team, if they had one!!!

     

     

    Nu – just a few things you need to be aware of:

     

     

    1. Celtic haven’t suggested he’s for sale. This all started when a hack from the Daily Rectum decided to get this story going because he had nothing better to do than have yet another go at Celtic. We’re used ot this sort of thing. We see it during every transfer window. You however, have simply swallowed the story hook, line and sinker ya muppet.

     

     

    2. Before you simply spout off that the guy is no good, it might be an idea to actually watch him play. I doubt you have watched him even for a scond.

     

     

    3. Even if he wanted to go now to the EPL, and that’s assuming Celtic were willing to sell him, why on earth would he go to Newcastle? You might play in the EPL, but they haven’t won hee haw for years, and won’t for sometime to come yet.

     

     

    4. Not exactly sure what Celtic has ever done to you, but I think it is fair to say your constant diatribes against our club started to labour the point quite a few years ago. Time you went and actually got a life

     

     

    You know, I used to have nothing against Newcastle. However, since Nu Mad came on the scene, and decided to simply have a go at all things Celtic, week in, week out, I now hope they lose every game. Well doen Nu, you’ve probably manged to alienate quite a few people who might have also like Newcastle, at one time.It does make me wonder if this guy ever actually writes about Newcastle. All he seems to do is have a go at Celtic through tenious links with his club. He really is a sad and moronoic little man.

     

     

    HH

  11. A glorious good evening to all my friends, real or in cyberspace, on CQN.

     

     

    Thoroughly enjoyed reading Paul67’s article there. That was just about the time that I first came across CQN. My outlook on football and indeed life has not been the same since.

  12. philvisreturns on

    BhoyinEngland – Newcastle is a great city, full of excellent people. (thumbsup)

  13. Philvis : ) cash conveters – could make a couple of quid

     

     

    P67, have thanked you before, but you have played beyond a blinder. As often happens, your understated bewildered statements are often as strong as the technical stuff.Tthere are tomes to be written about

     

     

    ‘Only God above will know why they didn’t rein the horses in, lose a few leagues, but kept their football clubs in business.’

  14. Ray Singh-Carr on

    How long before someone instigates a “Fit and Proper” Test on his Wattiness then?

  15. Auld Neil Lennon heid on

    Henrick

     

    Go to the Celtic Supporters Trust where a letter to the SFA trying to tie them down and a reply from the SFA dodging the issue appears.

     

    The licensing issue and the safeguarding of the game principle that it embraces is going to be a very difficult one for the SFA/SPL to argue against. As matters stand Newco cannot be granted a licence and if they are allowed to play in the SPL on that basis then it will be the SPL clubs who have agreed to take the risk.

     

    Because of this I expect SPL clubs on a straight business basis to insist on guarantees/conditions on allowing a non licenced club to participate.

     

    The SFA had they any balls should just tell the SPL Newco represent a risk to the game who can only be considered on the basis of providing a credible business plan for the next three/four years that excludes UEFA money.

     

    A weak Newco will not bring in what cheating Rangers did and the cost of sporting integrity (ie Div 3} whilst higher in the short term will be beneficial to all parties, including Newco, over the 4 years.

     

    Rangers had they any sense or honour should apply to the SFL, but I expect hubris will rule their thinking.

  16. A cardigan stuffed full of EBT procured wads of lolly…see these “loads a money” Thatcherite yuppy types & their luxury cardigans…cut throat capitalists sucking on Werthers Originals…gold plated Zimmers…Leerjetting Daniel O’Donnell into the Care Home for an inhouse gig…Filipino lackey’s tae peal back yer Fyffe Banana…yuv really goat to watch these shark suited sharp operators wae a hawkeye.

  17. Paul 67,

     

    A big thanks for keeping the doubters ( i included myself) that this day would come onside.

     

     

    Cairde,

     

    Cheiliúradh agus taitneamh a bhaint as. Táimid tar éis a thuill sé,

     

     

    Friends,

     

    Celebrate and enjoy, we have earned it.

     

     

    YNWA

  18. philvisreturns on

    Where was the Legned consortium when their club might still have been rescued from liquidation? (thumbsup)

  19. TheGreenManalishi(WithTheTwoProngedCrown) on

    tomthelennytim on 14 June, 2012 at 17:23 said:

     

     

    Cheers, see you there. Will do some prep work in advance of ‘Ole DBBIA’s visit.

     

     

    HH

  20. RogueLeader@17:26

     

     

    ‘I did tell you the fun was only beginning’

     

     

    I agree

     

     

    Unless a hefty bid from the EBT Cardigan’s group is imminent, this one could run and run

     

     

    Methinks virtually the majority of the playing squad will now refuse to sign up to NewClub sparking further chaos

  21. My Dear,dear,dear,friend…Timbhoy2 @ 17.22

     

     

    Hiya,pally?

     

     

    Nice tae greet ye..

     

     

    Ah hiv not the Slightest of Slight Objections..if, Celtic uses.

     

    Parks,as their.. “Carrier”

     

    Providing, Of Course..

     

     

    That ….Parks’ Transport Co.. Tranportation Charges areThe Cheapest Available.

     

     

    That’s Just How Business, is Conducted , by ..well…Smart Business Folk.

     

     

    And. Ah believe that the Celtic Business Folk.. are

     

    The SMARTEST,AVAILABLE.

     

     

    Na.. Leave well Alain, Alain. pal..

     

     

    The Celtic Board and Mr. Lawwell.. are Battin’ a Thousand..

     

     

    Kojo

     

    yer pal. who likes ye aloater.

     

     

    Still, Laughin’..of Course!!

  22. 5th generation on

    Much appreciation Paul for all your time and effort.

     

     

    I remember reading that article back in 2008 (was it really 4 years ago) and as the picture became clearer dared to hope.

     

     

    I don’t really know what to say because you and others of your ilk do it so much better.

     

     

    I am sensing a confidence among the other clubs , maybe they are now daring to hope too.

  23. Auld Neil Lennon heid on

    Ray Sing

     

    He would fail.

     

    Abandoned the SFA in 2007 to “rescue” Rangers and was a mainplayer in their demise.

     

    The facts and figures are in the public domain.

  24. BhoyinEngland on

    Philvisreturns 17:32

     

     

    Absolutely agree. Been working there many times. Some great people.

     

     

    That said this guy has completly turned me against Newcastle United.with his continual pathetic outbursts.

     

     

    Rant over :-)

     

     

    HH

  25. •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on

    philvisreturns on 14 June, 2012 at 17:35 said:

     

    Where was the Legned consortium….

     

     

     

     

    Where were they when the best buyer Murray could find was Whyte?

  26. philvisreturns on

    Ten Men Won The League – Methinks virtually the majority of the playing squad will now refuse to sign up to NewClub sparking further chaos

     

     

    Yes, those guys will be out of there.

     

     

    They have mortgages to pay and WAGS to maintain, and it’s not as if most of them are on massive salaries anyway.

     

     

    Chuckie Green blustering about TUPE and threatening them with breach of contract won’t have done anything to increase their loyalty. (thumbsup)

  27. philvisreturns on

    sparkleghirl – Where were they when the best buyer Murray could find was Whyte?

     

     

    It’s bizarre, isn’t it?

     

     

    I guess they didn’t fancy paying Rangers’ taxes, but are prepared, in a loyal and dignified way, to gobble what scraps they can peck away from the carcass. (thumbsup)

  28. stephen74, thanks, Stephen, you too.

     

     

    Can I Have Raspberry On That, I was rather pleased with that. Thank you :-)

     

     

    BOBBY MURDOCH’S CURLED-UP, one day soon I suspect those concerned will realise that “the transgressor” is not worth saving, pack up and buy someone from the lower leagues.

     

     

    jackie mac, many thanks for your kind support.

     

     

    oglach, you’re very welcome.

     

     

    Kevtic, like the sound of that.

     

     

    googybhoy, excellent, you’ve been shared.

     

     

    5th generation, yes, I think you’re right. Consensus seems to be building. Thanks.

  29. garcia lorca on

    Tonight’s London Standard……

     

    RANGERS CANNOT BE TOO BIG TO FAIL

     

    The news that Rangers are to be liquidated is troubling. But so is the idea that they might be readmitted into the SPL to preserve the SPL’s commercial deals. Too many clubs are run in a state of financial madness- at some point it must become impossible to be bailed out without seriously condign punishment. Awful though it will be for fans, Rangers cannot be ” too big to fail”. If they are, who loses anything? And who learns?

     

    ( aside from not understanding ” condign”, good to see the idea of fairness and justice winning the ideological war ).

     

    I was first taken to Parkhead in my father’s arms in 1949. Consequently I have seen and witnessed over 60 years of Celtic history. Today brought a wee tear to my eye.

     

    Hail,Hail!

  30. Well executed free kick from Pirlo. 1-0 Italy

     

     

    After making 2 great saves in succession a few mins prior to the goal, Pletikosa looked very slow to get across his goal for the free kick

  31. Arty:

     

     

    It must be good

     

    Because it’s auld.

     

    Everything that’s

     

    auld, is good.

     

     

    dontbuyintothatlineofreasoningCSC