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
- ...
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- ...
- 23
- »
TET
there is a pricier one on the site but as they say it is for connoisseurs no your average chaps like us.
Bamboo
shall I upload some Bill Hicks
Bankiebhoy1- civil unrest and all that guff,you’re right.
It feeds the figures for adverts
Keevins is on a pension finale
thindimebhoy
21:42 on 24 February, 2014
And catching ‘ rangersitise’ hopefully he’s got some help with that not a nice thing to catch :-) HH
A cynic might conclude that it seems as if the original judge who had a good handle on the complexities of the issues has decided he needed 20 days for the job and when told he would have to cut it down to 10 said stuff it, I’m out, cant do it in that and do justice to it.
Some folk think justice is simply a question of ‘reach’: How distant from the decision maker can you be and still influence the outcome? The greater your ‘reach’, the more influence you have, and consequently the more satisfactory your judicial outcomes might be. Such folk think the key to any given case is the shortening of the ‘distance’ such that influence comes ‘within reach’. Or so some such folk say.
Unrelatedly, I’m interested to note the reported change of judge for a current tax case appeal. Colin Bishopp is one of the top fellows in UK Tax law. Sits at the top of the tree in terms of knowledge and reputation. Tax Law is his thing. Knows it inside out. If you want an authority on the law of taxation, Bish is your man.
Raymond Doherty QC on the other hand, who is reported to have taken Bishopp’s place at the commencement of the case in question, is what might be described as a jack of ‘all trades’. He’s clever, highly thought of, and very well experienced in commercial law, particularly the intersection between business and government, but from a brief search of the usual references, appears to have little directly relevant experience in the complex domain of tax law. Chap will just need to be doing a fair bit of reading on the matter I suppose.
An Expert replaced by an Everyman in a narrow and specific domain? Curious.
Perhaps our resident beagles might care to comment?
Love all of you, but I have a very important birthday celebration to attend to tomorrow, my ole mum is celebrating her 94th and I am so proud of her. I will be in the nursing home with her prezzies and cake to celebrate a woman who survived a world war and all sorts of hassle, being brought up in Govan (and loved her roots) to being a wonderful person, and everyone who knows or knew her, agrees. Off to bed now for an early start. :-))
Weefra HH supporting Wee Oscar.
Weefratim
Thats great news, I have been going through eggs like a mad man, but non as good as yours.
I will be down soon and will honk the horn loud.
I am taking Charlie to the inverness game this week, it’s his first game, I can’t wait, a carry on of the family tradition and another Celt for us all.
You and Dot take care and we will see you soon.
Hail Hail
Brnobhoy
Big Nan
21:45 on
24 February, 2014
A cynic might conclude that it seems as if the original judge who had a good handle on the complexities of the issues has decided he needed 20 days for the job and when told he would have to cut it down to 10 said stuff it, I’m out, cant do it in that and do justice to it.
………..
That’s exactly what I thought as well.
Still if Hector loses, he will go to the next level, he has the time and the money.
HH
I wonder if the legal team for HMRC Asked why the change of judge . I wonder why they don’t smell a stink .
Spot on from The Battered Bunnett I think.
I have had experience of journeymen advocates who are approachable, likeable, cheaper than the specialists, but just not very good in specialist areas.
Then there is the possible input of the politicians to get the right judge, such as happened here:
http://www.saveourglen.com/wp-content/uploads/2013/03/Right-judge-for-Dunblane-Inquiry1.pdf
Happy 94th to your mum Weefrathe Tim
H.H.
Paul
That’s a great name for Ibrox – Zombabwe.
WeefratheTim
give the grand lady a braw big hug …..and wish her a happy birthday from your pals here ….Braw
Brnobhoy
Great to hear from you again. Good on wee Charlie for his first game. Lambs due in the next 2-3 weeks, hopefully, twins expected for all the ewes. So looking forward to seeing you and the kids again. It’s been a long winter without the buggers laying. Oh, incidentally, got our first duck egg of the year today. Hooooooorrrrayyy. I luuuuv duck eggs. :-))
Weefra HH supporting Wee Oscar.
The Battered Bunnet
My certainty of a result for HMRC has certainly wobbled on news of the change. The Unseen Masonic hand?
Embramike
I read JCs report :)) from the UTT on TSFM.at 7:32pm
and that sick masonic involvment feeling came over me in the 1st few lines .
” Nothing of any great substance to report from today’s UTTT hearing.
I was there for 9.30 , but the kick-off wasn’t till 10.00. That gave time for a little bit of socialising: I didn’t meet the Grant Russell chap from STV, but only a chap from the ‘Sun’, and a director from Murray Group, and Mr Thornhill (QC for the respondents,i.e the MG),who came to make himself known to me and another TSFM person.
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)
Apparently, the respondents had appealed against the time allocation set by Judge Bishopp, and it was reduced from 20 to 10 days, and Judge Bishopp stood down for some reason.
Brnoboy
Dot sends her love and hopes wee Charlie has a ball. (she’s fae there btw, Inverness I mean) :-))
Weefra HH supporting Wee Oscar.
Taking the sceptical view to its natural conclusion…..
has the specialist been changed in favour of a conveniently named ‘patsy’? in order to make the wrong outcome more palatable……..
or a meringue?
Weefratim
Duck eggs…… Tremendous
Will try and bring the clan down, they loved the animals
Hopefully see you soon
Brnobhoy
WeefratheTim
Hoooooooooooooopy birthday to your Ma
Good night all
Weefratim
Also great news that you are having another birthday with yer auld Ma,
God bless our Mums
Brnobhoy
bankiebhoy1
Sadly your are probably right.
The Battered Bunnet
21:47 on 24 February, 2014
. “Chap will just need to be doing a fair bit of reading on the matter I suppose.”
…………………………………………………..
I watched a contest between expert and journeyman advocates in an arbitration.
The enthusiastice journeyman with no record of arbitrations had to borrow the arbitrators copy of Mustill and Boyd: Commercial Arbitration, a weighty tome running to many hundreds of pages when occassion arose to clarify a point.
The specialist rather helpfully, gave the chapter, section, and page number, without looking at this own copy!
my old fella celebrated his 80th at christmas. this weekend he’s going up to the game .
Full hospitality, courtesy of his mates doing a “chippy in” present……..he even gets to pick man of the match…….good on ye auld yin!
he cannae wait!
hail hail ma da’
bognorbhoy and BRAW
Thanks guys, it must be something about Clyde Built that these auld yins have in their DNA. You cannot beat the ole govanites. Ask TBJ :-)))
Weefra HH supporting Wee Oscar.
Chaps,
You have perhaps inferred something I have certainly not implied. I am affronted that you might consider my words to carry such an insinuation.
In any event, and purely (if somewhat mischievously) mootedly, is the opposite inference not equally possible in such a scenario?
Weefra
Wish yer Ma a happy birthday from the cave man >}
HH
TBB …………..implication by consent………braw
On a completely different topic I was watching Willie Collum on TV last night and he must be the most useless article that ever refereed a game.
That penalty he gave against us when thon deid team were at Celtic Park will live in the memory forever as the worst decision against us.
It was a piece of brilliance that Hugh Dallas chose Collum, a RC RK teacher to do his worst bidding because as such the accusation of religious bias was immediately negated.
brnobhoy
Seeing how my ole mum is, keep me posted when you are coming. We don’t go out that often as you know. Sooo looking forward to seeing you again. Thanks for my ole mums wishes. :-))
Weefra HH supporting Wee Oscar.
Big Nan
Or Bishop couldn’t or wouldn’t be influenced.
leftclicktic
I was ready to go along to tomorrow’s proceedings prior to the revelation that the presiding judge had been changed at the last minute. I posted this hoping to be told it wouldn’t matter, but there seems to be a nervousness around.
Could all be misplaced, but have we not been down this road before ??
Big Nan
According to some Collum went on to become Dallas’s 2nd in command and (Allegedly) was the man who went into Regan with the refs demands before the strike around the time Dallas got RELOCATED :)))(Allegedly.
A vomit of a human being is Collum IMHO ohhh and a hopeless referee:))
leftclicktic@TET
Thanks guys, she really is a special person. Lost my dad 21 yrs ago, and she has suffered dementia and alzheimer’s plus pneumonia and a stroke in the past year. Ooft, ye cannie beat and auld Govanite. :-)))
Weefra HH supporting Wee Oscar.
Auldheid, 21:24
A subtle but important distinction.
It’s done, gone.
Which makes what started today all the more important – otherwise it is just moaning in Celtic cyberspace
Questions you would love ask the invisible Sur Dave Minty
Were did you meet the tax expert pornographer, was it his office or yours….?
HMMMMMM :)
Byline: Gordon McIlwraith
FORMER Celtic keeper Artur Boruc is suing a Sunday tabloid for pounds 200,000 over claims he sent X-rated texts to a mystery woman.
The Polish international, now with Fiorentina, insists he was defamed by the News of the World in an article published in July.
It claimed that Boruc “bombarded” a woman known only as “Gail” with sex text messages while his fiancee Sara was pregnant.
Shareholder Early arguments in the case were heard at the Court of Session in Edinburgh yesterday.
Judge Lord Doherty revealed he was a Celtic season ticket holder and a “modest” shareholder in the club. Both sides said they had no objection to him hearing the case.
Graeme Henderson, for Boruc, told the judge he wanted to unmask “Gail” before a full hearing.
He stated: “There are very detailed answers concerning a series of interchanges which the defenders say took place between the pursuer and someone known as Gail.
“He denies sending these messages. In order to make an adequate reply it would be necessary for me to verify whether there is evidence of messages being sent.”
He urged the judge to order the newspaper group to reveal the woman’s identity so she could be traced.
But Roddy Dunlop QC, for the newspaper, stressed that their defence to the action was veritas – truth – and said the case was still at a very early stage.
He continued: “They prefer to protect their source.”
Lord Doherty rejected Boruc’s plea.
No date has yet been fixed for a full hearing.