30% interest! Nice one, Newco Rangers, you’ve got yourself a deal there. Suggestions that your business plan has been, and remains, unsustainable and extravagant are patently absurd when you can borrow at the kind of rates a Zimbabwean pimp would get at the height of the ZWD’s recent hyper-inflation episode, although it’s probably worth noting that Zimbabwean businesses are currently borrowing at slightly less than half of what Laxey are charging Newco, solvent ones, anyway.
An administration would be a severe embarrassment to the Newco, less than two years after its incorporation, but in many ways it would be a boon, allowing the club to offload all the high earners and establish a breakeven trading platform.
It is utterly incomprehensible why they have not called in the admins, which itself shines a light on management processes inside the club. No one seems to be asking, “What next?” Getting deeper into hock with a hedge fund is ruinous. Notions that if the loan is turned into shares would be a soft landing for the club are absurd. This is a hedge fund. A HEDGE FUND!! The more shares they have, the more exposure they have, the higher return they will demand.
Need some new players, tough, pay my money. Ticket sales down, that’s disappointing, cut back and pay my money. Got some maintenance work to do, I don’t care, pay my money then see what’s left.
Keep your eye on the sale and leaseback plan, although not until September. They should commission a brass statue of a Newco season ticket holder, touching his toes, with the motto ‘Brace yourself’ below.
The only question left is who will be the complicit front man for season ticket sales this year?
Most people are only beginning to realise the consequences of the events of 2012, or what it means to be a zombie club, walking around, not quite the same as before, with various groups randomly gorging on you. Nothing will ever be as it was. Ever. They should’ve listened, before high-fiving Sir David Murray, then Craig Whyte, then Charles Green. It’s not like we didn’t tell them.
If you’re in the football business, rule number 1 is: Pay your bills. Every other rule, value and aspiration cannot be met without this rule.
Many thanks to everyone who submitted questions for last week’s Celtic Forum. The minutes have been published, and are available here.
If you would like to read the new CQN Magazine, GO HERE to read properly, and for FREE, the graphic below is just a taster.
[calameo code=0003901710a55b5798f06 lang=en page=1 hidelinks=1 width=100% height=500]
860 Comments- Pages:
- «
- 1
- ...
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- ...
- 23
- »
bankiebhoy1
21:13 on
24 February, 2014
I dare say something very “crafty”
will be in the mix too.
Fair’n’square.
Aye.
Were you brought up to be cautious?
“, allowing the club to offload all the high earners and establish a breakeven trading platform.”
That may be Peters wishes but its Dave Kings turn to get some money back
HH
I must admit, there is so much going on about them and what will happen to them…
I don’t have all the financial knowledge needed, but I do hold the view that they are fecked, and I know things have been better for us and we have our own issues but I would not like to be where they are just now.
They are gone as we used to know them, and I for one are glad about that
Brnobhoy
Djbee
Aye Swindon CSC
quonno
No, however I was well taught.
brnobhoy
21:15 on
24 February, 2014
I must admit, there is so much going on about them and what will happen to them…
I don’t have all the financial knowledge needed, but I do hold the view that they are fecked, and I know things have been better for us and we have our own issues but I would not like to be where they are just now.
They are gone as we used to know them, and I for one are glad about that
Brnobhoy
I would be a wee bit worried that today a member of MSM is talking about ten in a row being a distinct possibility.
Glasgowdave.do you remember a guy called rab Galloway.and a family called Jarvis who stayed in dalraida st.when you think about were the superstore is the railway line was there
also there was a railway.track that ran from the argyle underground to whitby street.what they would give for them if them tracks were still operating to day.
Cautiously optimistic about today’s tax tribunal utterings.
Been there before though and was a lot less cautious then.
Please God they may get there just deserts.
bankiebhoy1
21:18 on
24 February, 2014
quonno
No, however I was well taught.
I take it that you were on of those allowed into St. Patrick’s Dumbarton
Sending out a message to Nir Biton across all airwaves, thought-waves and web-waves.
Tomorrow evening, when no-one’s paying you much attention, meander 20 yards up the pitch, put your laces through the ball and watch it smash into the roof of the Aberdeen net.
You’ll enjoy it. We’ll enjoy it.
Doing what you do annoys them, so don’t stop doing it any-time soon.
Message ends.
quonno
Bugger, then we are fecked…….
I hate those pesky MSN they are always right :)
Brnobhoy
quonno
No way was he mislead.
He is a Lord and a high court judge, he is in that position cos people like him don’t get mislead.
HH
If there’s a new Hun entity growing from the shrivelled carcass there will be “conditions” attached.
History may refer to them as
the originals
the provisionals and
the conditionals :>)
On that happy note I’ll bid you goodnight, early morning run ——->
HH
vmhan – ynwa wee oscari
21:14 on 24 February, 2014
“SFTB the other reason for sdm lawyers to argue for a 10 day rather than the planned 20 day hearing is that time is of the essence, the clock is ticking…,… Tic tok :>)”
That would be a concern if they were the same club, but they urnae.
:-)
Haha, seriously. Is there a Swindoncsc. Last time I was downhere I ended up in corbycsc for the Ajax game.
quonno
21:07 on
24 February, 2014
Aulheid
Is it remotely possible that LNS was quite happy to be misled.
====================
He may well have been but that cannot be demonstrated for certain.
That those commissioning LNS were can be demonstrate and whether deliberately or not does not actually matter, the fact is they were and that which calls into question LNS’s findings.
quonno-when the initial case started,i wanted the club to pursue the huns 9IAR.No appetite at all for that,why were Gascoigne,Laudrup,Porrini etc playing in the SPL when they clearly could have played in better leagues?
quonno
Discount the Lord bit >}
HH
Tax utterings … where ?
sausages please
HH
quonno
:)
No, again I’m afraid. But not a million miles away.
djbee-BMCUW is yer man.
THE EXILED TIM
21:22 on 24 February, 2014
quonno
No way was he mislead.
He is a Lord and a high court judge, he is in that position cos people like him don’t get mislead.
HH
…………………………………………
People like him don’t get mislead eh?
http://www.saveourglen.com/wp-content/uploads/2014/02/Nimmo-Smith-Sun-Dec-1992.jpg
and if that don’t convince you Google “Nimmo the Dimmo”.
TET
thought you might like this:
http://www.urbanmerchants.co.uk/extra-old-vinegar
Awe_Naw_No_Annoni_Oan_Anaw_Noo
21:12 on
24 February, 2014
a 1961 first-person narrative thriller novel by Scottish author Alistair MacLean
invercelt
The US advisors are screwing things up all over the world. They start into unwinnable wars ,they destablise countries that have political systems they dont like and they are making the world more dangerous by the day.
Snowden is hailed as a hero and a good guy all over the world even by many in US too.
In this country too many cant see past the propoganda.
tom molach
21:23 on 24 February, 2014
……………
Of course your right, but they’re zombies and they don’t get it …..,. Yet :>)
Djbee there’s also a CSC in Reading, beside the railway station.
Offski again, up at 5am
A big surprise to me was that it was not Lord Bishopp presiding, but Lord Docherty ( which, of course, kept the business within the Scottish house)
As far as I’m concerned , the not guilty verdict is in the passage above .
what do you get if you cross a dog with a zoo with no animals in it
a shitzoo
and it’s goodnight from me ……..
hahahahahahaha
1.5m hahahahahah
Big Nan
21:28 on
24 February, 2014
THE EXILED TIM
21:22 on 24 February, 2014
quonno
No way was he mislead.
He is a Lord and a high court judge, he is in that position cos people like him don’t get mislead.
HH
===============
I did not say LNS was misled. I said those who prepared his Commission were, and there is evidence to demonstrate this, whilst for all I believe you are correct it cannot be demonstrated.
The distinction is narrow but it exists.
Brnobhoy
Plenty eggs now, and sheep in the byre. Let me know if you are coming over. SOUND YOUR HORN WHEN YOU ARRIVE. Sorry for shouting, but missed you the last time you were over. Seen the back of you car, but by the time I got out, you were gone. :-))
Weefra HH supporting Wee Oscar.
With regards to LNS…
imo….isn’t it more likely, that political pressure was applied to determine the outcome?
Bawface and his ilk, supported by the relevant….ermmm……. peace-keeping authorities no doubt gave their own version of the ‘armageddon’ theory….and fearing the berserk reaction of the mouth-breathers to the denuding of tainted-titles, put the fix in for the astounding LNS verdict.
No contest.
Big Nan
I have seen that.
Still find it hard to believe that he was taken in by those who work for the sfa.
HH
………………………
wdh
Feck me, 85 quid for 100mls, the wife bought some the other week, it was a tenner for 200mls, and I thought that was expensive >}
HH
jimtim
21:32 on
24 February, 2014
A big surprise to me was that it was not Lord Bishopp presiding, but Lord Docherty ( which, of course, kept the business within the Scottish house)
As far as I’m concerned , the not guilty verdict is in the passage above .
========================
I have to say that in spite of Lord Doherty’s background, my feeling that Lord Bishop would have been very likely to find for HMRC, given his public views on intent, have been diminished somewhat.
What’s the script with SSB having a go at Nir Biton, the bhoys beginning to look the part are they scared he’s another wanyama in the making who’ll go for loads of £££ ?
They moan there are no good players in Scotland then slate the ones who come.
Stupid Huns
As a schoolboy I was told that Scotland had the best:
Shipbuilding industry in the world.
Banking system in the world.
Judicial system in the world.
International football team in the world.
Now that I have experienced at first hand all of these world-beaters I am sadder and wiser.
The only people who still argue that we have the best justice system in the world are those who either haven’t experienced it or those who are part of it.
IMHO of course.
Hun skelper
That’s why clowns phone in
bankiebhoy1
21:35 on
24 February, 2014
I think keeping the lid on was the intent but it required leaving out important info where the words “fraudulent” at worst and “neglicent” at best appear, not to mention deliberately lying to HMRC about the existence of side letters..
notthebus 19:40
By Mark Hateley
Headline
Charles Green can be to Rangers what Fergus McCann was to Celtic
Quote
“As a businessman – and a smart one at that – he will be seeing opportunities open up that he didn’t even know existed when he first gained control”
Comment
Like a mansion in France :)