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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ToneLoc, you’ve been shared.
Myth backed by his faithful Lapdogs, will start to pressurise Green in to a quick sale.Can’t see it happening.We have still to hear from Craigy Bhoy,Dave King, and wait for TBK to enter the Vultures Shipwreck.
My dear,dear,dear,friend..5th Generation.. @17.36
Hiya,Pal?
Pleased tae Meetya.
Sorry, Pal.. and this is No a Reproval.. dinnae tak is , as that.
But..
Sir Paul… Tumbled and And Rumbled.. that Murray Major, and his Benighted Enterprise. wiz Heiding Fur Donkey Island.
SEVEN or EIGHT!! Years Ago..!!
And he said So. tae that effect..
Right Here..oan His Here.. Blog..
Sir Paul, is Wan o’ they.. SEERS. . that ye read aboot.
But seldom Meet!
And.. that is a Fact!!
Kojo
Yer pal .who likes ye . .already.
Still, Laughin’..of Course!
BhoyinEngland – TBH I feel a bit sorry for anybody who supports Newcastle United.
I look on them with the same kind of pity I reserve for trainspotters, environmentalists, and those Gouranga people.
There but for the grace of God… (thumbsup)
Before we all get too excited we should seriously consider the impact of today’s events on our ability to generate income.
There’s 2 potential outcomes:
1: we reduce outgoings
2: we develop new income streams
I hear Lawwell is concerned so is proposing that he brings out a new Celtic CD of cover versions.
To demonstrate his personal commitment he is covering Sparks hit
‘This town ain’t big enough for the both of us’
He is appealing to fans to propose other songs and singers…
Started ocassional posts a week ago, and not been called a Hun yet – just realised its too late ;-)
If Green has all the assets now, what job is there to do for the liquidators of the old rfc?
SPF
ScotPatsFan-Reported today that Duff & Duffer will be in there for at least 10 more weeks :}
The new hun chairman , Malcolm Murray, is a friend of Craig Whyte’s. All very seedy.
1. So, there’s a possibility of 2 or more newclubs flighting it out then?
2. Green says he’s acquired the assets already. Can creditors or liquidators challenge that if they think there’s now a higher bidder?
Lanterns ,party hats and balloons all purchased
Roll on fri 22:00
H.H
From BBC-1739:
BREAKING NEWS
News from the Rangers media conference at Ibrox.
Charles Green has issued a formal offer to Walter Smith to become chairman of The Rangers Fooball Club Board. He says if Walter wants that position he’ll appoint him at 09:00 BST on Friday morning.
He wants Ally McCoist to be the manager 100% although he hasn’t spoken to him about it.
He won’t sell his shares to Walter Smith’s consortuim. He only has a small share.
Imran Amed (non-executive director), said that as well as the £5.5m, the cost incurred are up to about £10m. Other investors would be looking for a multiple of that if they were to sell their shares.
Green described newspaper speculation about him getting rid of McCoist as “rubbish”.
“I don’t stab people in the back I do it in the chest,” he said.
Green has invited Walter Smith’s consortium to come with them and take the club forward.
I bid £20 for the car park sometimes that Asda is mobbed on a Saturday.
Remember to write the names of the rankers legneds and Hero’s (snigger) on your lanterns on fri Bhoys
H.H
Paul,
Your obituary to the team formerly known as the mighty Glasgow Rankers brought tears to my eyes, tears of joy.
There’s not a team like the Glasgow Rankers, NO NOT ONE.
Acta est fabula, plaudite!
http://www.burgerking.co.uk/menu?producttypeid=6&productid=374
tully57 on 14 June, 2012 at 13:10 said:
>>>>
Aw….you neglected Ian Paisley
:-))))
Big Georges Fan Club on 14 June, 2012 at 17:47 said:
Started ocassional posts a week ago, and not been called a Hun yet – just realised its too late ;-)
OK. your a big ex hun.
Was starting to get a bit worried that TFPLG was for the off there. Thankfully he now looks like staying.
Comedy potential restored.
Phew!!
Charle Green: “I dont stab people in the back, I stab them in the chest.”
As with our forebears
So with our successors.
So with Us.
We all affirm the Celtic Way.
Let it be, always.
Each One of Us
A Road,
Leading to the same Heart.
A Heart that shines
Like an Emerald
In the Summer Light.
This is the Priceless Emerald.
At last they are gone.
So what will happen next, will a Newco be ready for a vote in a couple of weeks, will there be more than one?
They will be a weak imitation of the Huns.
If they try to claim the history of Dodo(Copyright to AuldHeid) FC, would Trading Standards be interested? I read some time ago they would, but I’m not sure.
Djbee:
Awwwww shucks – thanks!!!!
So.. Charles his Jist..
Tangentially.. of Course..
But,He did..!!
Inform, Mr. Smith and his Cohorts , that
His SELLING PRICE..is upwards o’ Ten Million.. And. nearer.. TWENTY!!
Fly wee monkey..
Yep…Ye kn Bet.. the Walter.. Goat the Message..
“Sure , WE wull Sell.. But.. fur Oor Price!”
Maks sense tae me.
Kojo
Still, Laughin’..of Course!!
BBC Scotland’s James Cook
“Charles Green says he has only spoken to Ally McCoist for 10 seconds today. Has only met him six times. #Rangers #RFC”
Laptop Loyal smear campaign v Green gettin cranked up by the hour.
The whelping of the new beast is hellava messy.
Can’t they do anything cleanly?
They really are a sad bunch of crooks.
Steinreignedsupreme-Strap yourself in,the Desperate Fishwives are at it hammer and tongs now.
A wee request for Charlie Green while he has his stabbing knife in his hand
Jimmy Bell
Imran Amed (non-executive director), said that as well as the £5.5m, the cost incurred are up to about £10m
Scrap my previous prediction that they will entertain bids of £10m+
Judging by the comments of the guy above, the bidding will start at £20m+
I can see Green remaining at NewClub for a wee while
“Only God above will know why they didn’t rein the horses in, lose a few leagues, but kept their football clubs in business”
I would hazard a guess that they fully expected their dealings to remain secret, and if not, that their ‘networks’ would deal with it appropriately.
The result of whether to accept ‘newco’ straight back into the SPL will let us know exactly what type of country we live in – integrity or infamy. I imagine that the deal the EPL has just made with SKY/BT will remind the chairmen of the other SPL clubs just how little they have, and that they should hang onto it.
I’m actually very proud of Celtic at this moment in time, and I’m very proud to call myself a Celtic supporter.
Hail Hail
WINNING!!!!!
Had to tear myself away for a bit. Anything new ti report?
Well done,Paul67,your years of work on our behalf have been fully vindicated.
It has been a rollercoaster,and there is still a whole dungheap to be raked through before the gates slam on some of the more mendacious miscreants in this scandal.
In the meantime,the rats are dead or moribund in the wreckage.
A day to remember. 14/06/12.
It will go into folklore,and we’ll all remember where we were.
Growing up I paid in grazes and bruises to gain entry to this party.
In adulthood,the worst cretin I had the misfortune to tangle with anywhere in this world was/is a despicable hard-core hun.
I hope he is being eaten up from within by his bigoted bile.
Rot
In
Pieces.
A great day!
STV got greetin huns on now, absolutely brilliant
Paul67
A big thanks from me on this special day.
Your work on this hun scandal over the last few years has been superb.
So its looking like a wattie led newco.
A hun i’d been winding up last few days, texted me all excited at this thought.
I expect walter will be shaking hands in the proper places over the next few weeks as the next installment of the big scam gets played out .
!!Bada Bing!! on 14 June, 2012 at 18:01:
“Strap yourself in,the Desperate Fishwives are at it hammer and tongs now.”
Lots of laughs in store in the coming months – the media will continue to provide most of them I feel.
Breaking News!!!
“You may take our extremely low rated assets but
you will never take our cardigans”
Myth
Cardigan Knights.
Will be sending up a lantern for my wee Nana tomorrow. Celtic through and through. Followed the Tic across the UK and Europe and saw them win The Cup in Lisbon. Wish she was here to see the demise of “thae durty big swines”.
HH
Looks like Green is getting worried now by offering Walter chairmanship and by one of his investors jumping ship to Smith’s crowd.
Once the fans refuse to buy season tickets and call incessantly for the Cardigan, he’s done for.
The BBC site claims that Malcolm Murray has been apponted Chairman of Rangers. I thought Rangers no longer existed?
JJ
Like rats fighting over an over sized bogie!
gebhoy