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. I’m gettin’ a Green Lantern for tomorrow night…..oh yes I am,oh yes I am. And I will take a photo to prove it.

     

    You have my word on that.

     

    I am truly delighted that they are dead,dead,dead.

     

    Everything else is a wake of vultures (just found that out today) feasting on the rotting carcass.

     

    They can call themselves whatever they like. RFC is not one of them. That name is buried,no matter what they think or say. And they know it.

     

    Stupid huns (defunct word. archaic. not representative of the facts now that their raison d’être is deceased.)

  2. I think we have won a hollow victory their club now The Glasgow Rangers FC, they will play at Ibrox and train at Murray Park. What have we won? More importantly what have they lost? Can someone please enlighten me?

  3. !!Bada Bing!! on

    Headtheball-It may play out that way mate,but Green is an old hand at this game,he won’t do walking away without getting his wedge,I agree with Ten Men,around £20 mil maybe.

  4. Green: “I don’t stab people in the back I do it in the chest,”

     

     

    I really hope this guy stays, he’s just what we need to keep the hilarity going!

  5. From RTC:

     

     

    “Remember the quickly pulled RTC article on Mr.Smith?Methinks RTC DUPED the msm into believing Watty was not on EBT’s.”

     

    :-)

  6. The poor wee teddy bears,their delusions reinforced by the scurrilous msm….what were/are they thinking?…that a big wizard,riding on moonbeams would sprinkle fairy dust and gold coins ; all would be rosy,stellar signings would waltz along,it would all be business as usual?

     

    Well….they were already doing that,and look at the outcome. Death,debtor’s prison,asylums,and transportation.

     

    Maybe not THAT dire,but catastrophic nonetheless.

     

    Once again,as we witness daily,voodoo economics just doesn’t work….not even for the anointed.

  7. Sir Paul..

     

     

    If..Ma Pal..Lou..

     

     

     

    Hid Handed in .. His Screenplay.. featuring.. this Unfolding Messy and Catastrophic, Tale of Gnashiin of Wallies..and Woe.. that we are Witnessing..well.. Daily.. Concerning, the Tak over o’ a Fitba’ Club..

     

     

    He wid hiv bin Laughed oota Hollywood..

     

    Fur.. they wid tell ‘im..

     

     

    Soitenly, Fantasy Film Scripts . ur ayewiz Welcome…of Course..

     

     

    But..

     

     

    This Tale that he his Turned in..

     

     

    Jist .. Stretches the Parameters o’ Believability.. tae Beyond Breaking Point!

     

     

    Film Audiences, jist Wullnae Believe Wan Woid ..Of It!

     

     

    It’s Goat. Far TOO MINY. “Cliff Hingers”…

     

     

    And….It’s Goat…

     

     

    No WAN..Luv Scene,in it!!

     

     

     

    Kojo

     

     

    Still.. Laughin’.. Of Course.

  8. Yes, Green can add a nice profit into the equation now but his fears will grow if time passes and that season ticket money doesn’t come in. Walter et al might yet end up with a bargain.

  9. good evening cqn

     

    STV outside Ipox Greeting hun (somebody should have given him a hanky)

     

    another one had not slept for three months(must be tired)

     

    Paul 67 I believe you are married,your wife must be a very

     

    patient Woman

     

    H H

  10. They don’t do dying with dignity,think Rocky

     

    put on a show for the dead end kids.

  11. Big Mike on 14 June, 2012 at 18:13 said:

     

    >>>

     

    You think?

     

    Long way to go.

     

    What have they lost? Their sanity,for a start.

     

    Nothing’s gonna rain on my parade today.

     

    Be a naysayer all you like.

     

    I can assure you…..they have major trouble ahead. Just enjoy it.

  12. Big Mike

     

    I am in the same boat. I, too, am uncertain as to what we have actually won.

     

     

    JJ

  13. Headtheball

     

     

    Green + his posse own the crown jewels though, and he knows it

     

     

    Time is on Greens side as he doesn’t give a monkeys about the team. He will sell anyone he can and fill the team with journeymen

     

     

    If the EBT Cardigan + his group want NewClub playing at all next season regardless of the league they are in, they have to move fast and Green is aware of this

     

     

    There is plenty of fun still to be had at their expense

  14. Steinreignedsupreme on

    Big Mike on 14 June, 2012 at 18:13:

     

     

    “I think we have won a hollow victory their club now The Glasgow Rangers FC, they will play at Ibrox and train at Murray Park. What have we won? More importantly what have they lost? Can someone please enlighten me?”

     

     

    Erm … they have lost everything. They no longer exist. I’ll take that kind on ‘hollow victory’ anytime thanks.

  15. Big Mike on 14 June, 2012 at 18:13 said:

     

     

    More importantly what have they lost?

     

     

    —————————–

     

     

    So much more to happen: Dual contracts, European ban, possibly no SPL, Scottish Cup ban, very few decent players, EBT scandal to run for a long time, loss of trophies, Greame Souness – and to cap it all Celtic fans reminding them of the quaint team they used to support and now can’t.

  16. Monaghan1900 on

    whitecrook tim on 14 June, 2012 at 18:19 said:

     

    good evening cqn

     

    STV outside Ipox Greeting hun (somebody should have given him a hanky)

     

    another one had not slept for three months(must be tired)

     

    —————–

     

    Did you see the two guys off the set of “Chewin’ the Fat”?

  17. !!Bada Bing!! on

    McColl issues statement, threatening Green that he does not have the backing of Myth’s mob.hun on hun action ,get your tickets here.

  18. DontPatmadug on

    Chris Nicoletti ‏@Nicoletti1888

     

     

    Being a Rangers fan must be like playing Championship Manager for 140 years and forgetting to save your game.

  19. The panic is already starting from EBT Cardigan’s group

     

     

    Jim McColl, part of Walter Smith’s group

     

    “I would issue a public appeal to Charles Green top strongly consider selling the club to the Walter Smith consortium.

     

     

    “This would be in the best interests of Rangers Football Club, 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.”

  20. What a flipping rollercoaster this has been.

     

     

    My money is on the Smith consortium winning through in the end and with the SPL and SFA happy to play ball with Mr Dignity.

     

     

    Same old same old.

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

    Where has Jim McColl been hiding all this time?

  22. SunnyBhoy on 14 June, 2012 at 18:22 said:

     

     

    I notice you mention Souness. i suspect that circumstances surrounding the transfer of a certain Jean-Alain Boumsong may come to light. I understand an investigation is in the pipeline. What it will come to…. who knows?

  23. Did anybody else receive the following e-mail today?

     

    Dear Your Name ,

     

     

    Season 2012/13 is set to be a special one for the club as we celebrate 125 years of proud history and to mark the occasion we are releasing a brand new home kit.

     

     

    A Celtic home jersey traditionally has seven unbroken Hoops. This season, there are nine thinner hoops, linking back to the nine consecutive Scottish league titles Celtic won between 1966 and 1974. It is a record that has never been broken.

     

     

    The jerseys also have an anniversary crest, celebrating the club’s 125th anniversary. The pattern around the crest is Celtic knot-work, tying back to the Celtic origins of the club.

     

     

    And remembering Celtic’s charitable origins, the club has also launched the Share Your Shirt campaign, an innovative charitable scheme.

     

     

    All supporters have to do to take part is to return any old Celtic replica top*, clean and in good condition, when buying the new home kit and they’ll receive an exclusive Celtic t-shirt worth £15!

     

     

    The exchanged shirts will then be distributed in Africa by Celtic Charity Fund.

     

     

    So pre-order your 2012/13 home kit and Share Your Shirt today!

     

     

    You can pre-order your new home kit and take part in the scheme at any official Celtic store, at the Official Online Superstore, or by calling 0871 226 1888** (Option 2 | Option 1).

     

     

    Share Your Shirt. 125 Years of Giving – the Celtic Way!

     

     

    * Shirt can be a home, away or third shirt as long as it’s clean and in good condition

     

     

    ** Calls cost up to 10p per minute, telecoms provider dependent. Mobile and other provider charges may vary.

     

     

    Have Celtic been sitting on this e-mail until the liquidation in order to maximise sales due to the feel-good-factor? It works for me ;-)

  24. leftclicktic on

    Has Charlie told us what his NEWCLUB crest will look like.

     

    :)))))))))))))))))))))))))))))))))))))))))))

     

    HAIL HAIL

  25. Paul67 et al

     

     

    I think the word is “hubris”, something that could never ever be applied to Celtic Football Club. Not even pride, extreme pride, rooted in arrogance, bathed in prejudice, with delusions of grandeur, and with notions of superiority. No wonder that even their Gods have deserted them now.

     

     

    Don’t know why but the final debacle remind me of that old joke about Ian Paisley addressing the faithful, in his inimitable style ;

     

     

    Speaking of the day of reckoning the Reverend Ian roared;

     

     

    ” I’ll tell you, many will come from the east and west

     

    and recline at table with Abraham, Isaac and Jacob

     

    in the Kingdom of heaven, while the sons of the kingdom

     

    will be thrown into the outer darkness. In that place

     

    there will be weeping and gnashing of teeth!”

     

     

    At that point an old lady in the front stood up

     

    bumping her gums and asked;

     

    “What happens if you haven’t got any teeth?”

     

     

    “Teeth will be provided!”

  26. !!Bada Bing!! on

    •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on 14 June, 2012 at 18:26 said:

     

    Where has Jim McColl been hiding all this time?

     

    The Beechgrove Garden?

     

    hat,coat……

  27. SRS @18.20

     

    If they no longer exist, will your feelings about the New Club be ambivalent?

     

    JJ

     

    Have to go out now. I look forward to hearing how others on here will feel about this brand new club called Glasgow Rangers who will play at Ibrox.

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