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.
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My dear,dear,dear,friend.. The Singing Detective.
Hiya,Palomine…
Nice tae Meet ye ,again.
Neil, Is a Manager who is Still Learnin his Trade.
Which may offer some Mitigation, in .. well. Mitigatin’… His very often puzzlin’, amateurish
mistakes,which he makes , from time tae time…in his Team Selection.
Nevertheless..hivin said that..
In Ma opinion… An Excuse never Justifies the Makin ,therof.
Fur Ah simply Abhor .. Listenin tae an Excuse.
What puzzles me aboot Neil..is..
He has a wonderful Command of the Language, He Expresses himself
very Weel..
Which,naturally, gives one the Impression that he is a Very Clear Thinker..
But..
Yep. Like Ah said ,already… HIs subsequent Actions… Very often. Belie that, Impression.
Which Leads me tae say.. that..
Ah widnae be surprised if Neil..
Did a Volte-Face.. in Makin’ baith his Team Selection n Team Formation Tactics, In the forthcomin’ Aberdeen Game..
And in Daein So.. Foolishly..Eschewin’ the Tactics n Team Formation ,which He employed so successfully Agin the Hearts…
n… Reverts back tae a Team Formation ,such as he Picked Agin the Aberdeen,at oor Last,fur us… Disappointing Meetin’..
This Celtic Team, which Neil has Assembled.. is a Credit tae Him ,of course.
So.. .He is Not a Loast Cause.
But, Ah sure wish that he wid Stoap repeating his Mistakes.
He must Learn tae Stoap Daein’ that!
Wull Neil.. Mak a Liar oota Me?
Ah Wull Be..
DAMN WELL ELATED..if he Diz!
We Want.. Whitdaewe .Want?
Nae Mair Wingers~
Kojo
Still,Laughin’
topkat @ 18:06
IS the game on any of the stations tomorrow night lads
############################
BBC Alba (sky 143) @ 10pm – ‘as live’ transmission. Just need to avoid twitter and CQN through CL Man U game
Guidi on SSB who for months has been brown nosing Wallace now distancing himself from the Sevco CE
The writing must be on the wall then….
“Morton” supporter on SSB says he will through his kilt in a river if the Scotland v Republic game is played at Celtic Park
Haaaaaaaaaaaaaaaaaaaaaaaaa
throw his kilt of course
cant blame the ipad for this one :)
Goatta Scram , Sam
Seeya..
Kojo
Still,Laughin’
Steinreignedsupreme
17:04 on
24 February, 2014
Frank Ryan’s Whiskey 14:55 on 24 February, 2014
Do you really think someone has sat down and worked all that out as a plan?
There are easier ways for Sevco to reach the top flight and be in a position to mount a fairly quick challenge for the title but that ship has sailed.
The people who are in charge at Ibroke don’t give a damn about challenging for titles. Their only interest is milking the toxic cow. And those are just the people we know about.
Remember, most of the Sevco shareholders don’t even know who the people pulling the strings are.
——
Mo Chara; I believe that the spivs are intent on fleecing the oh so gullible (loyal in their parlance) Zombie foot solider each and every opportunity they can if it were any other club (corpse) than Rangers it would have been festering in a grave years past. However we are not talking about a football team we are talking about the Scottish ‘establishments’ team the fabric of the nation, “a protestant team for a protestant people”, to paraphrase Lord Craigavon if I may. The simple fact that ‘The Rangers’ exists and is treated as one and the same as the old club by the establishment and the media is testament to that. Every feasible effort will be made by the Scots establishment to ensure that the entity know as Rangers is be back competing with Celtic in the near future.
Pop quiz which well know Scottish politician said the following
“Obviously HMRC have got to pursue in the public interest, taxation. Equally, they’ve got to have cognisance of the fact that we’re talking about a huge institution, part of the fabric of the Scottish nation as well as Scottish football, and everybody realises that.
The most diehard Celtic supporter understands that Celtic can’t prosper unless Rangers are there”
All them laughing holocaust deniers.
This site needs a good scrubbing.
Malorbhoy.
You have mail.
How many times have you heard all sevco want is someone with rankers best interest at heart
Tune in to SSB guys its a right hoot tonight even Hearts fans on a for a moan about LGs goal celebration
http://www.surfmusic.de/radio-station/clyde-1-102-5-fm,1310.html
Crazed hun on SSB (on in mate’s car) practically foaming at the mouth about Scotland v ROI being played at CP. I think the whole MON, Roy Keane, WGS, Mark McGhee, ROI AND Celtic Park is timmy overload for the demented bam. Hilarious.
Thindimebhoy- the local Greenock newspaper is running with a cover of stories from 1992 tonight- front page is around the increasing number of Nazi type banners appearing at Cappielow at that time-so he maybe is a “Morton fan”. One blue scarf goes in the drawer- another blue scarf comes out
HH
Guidi..id drop Biton
MOM two games in a row
Guidi is an erse.
A disgrace to all Scots-Italians.
I take it he does’nt live in Greenock or the Port.
HH!!
For those exiles like myself, the game is on Celtic TV tomorrow:
Aberdeen v Celtic
(NON UK&IRE) Live Video at 1845
(UK&IRE) Live Audio
Video footage available from 2200.
Ohhhhhh that guidie is one bitter b#%^*+d.
a Zimbabwean pimp – that’s a certain manager’s future career sorted
notthebus
Both him and keevins putting and down, along with stefan, they know how good they are and will be, they are worried, sow the seeds now.
HH
Ralston Row
You hear it everyday more importantly no one is listening
Ohhhhh Celtic are in big trouble tomorrow at Aberdeen, according to SSB.
Stairheedrammy
When asked what team he supported there was a slight pause before he said Morton
You could hear the panel shifting in their seats in reaction to that less than convincing answer……:)
Not listened to this in over a year. Jaw droppingly funny tonight. Guidi now predicting that the clean sheet record will go tomorrow night and that Biton is a dud. You can almost smell the fear and desparation.
PS. I don’t care who you are, you don’t want to be owing the Blues Brothers money. That is not a good place.
Haw…..Ena !!!!
Who Are All These Holocaust Deniers..?
Kilbowie Kvetch DEMANDS To Know Their Names…..
( Never Bother,TSD…Just Another Baseless Accusation That Oor Resident SuperMarxist Plastic Paddy Flings In The Direction Of Those Who Will Not Bend To His Megalomaniac Controlling Tendencies…..Ed)
Begone Slithery Swamp Dweller !
“3 Green Brigade members acquitted of all charges under Offensive Behaviour Act today after the Police wrongly identified them in the dock”
from twitter this evening ?
Some of guidi’s expertise
Van Dyke is a dud
Borrigter is some player (hope he’s right here)
Last year- Danny Lennon will be sacked not up to it
A couple of years ago- Scott Brown’s time is up, Celtic will get rid of him.
A grade A erse and/or a buffoon.
Hun on SSB …..we need a Ferges McCann, and he wants the fraud squad in at the sheet dome .
Some recent deadco fans sayings on SSB when commentating on their self inflicted plight
“Punched from post to pillar”
“Golden fleece at the end of the rainbow”
Craig Whyte had no choice to do what he did.
Maybe if there was an honest hack with balls, they would tell the truth, and lay the blame fairly and squarely at the door of the fat boy, cos his failure to reach europe was why our hero couldn’t pay the bills.
HH
Lest They Forget……….
wee davie.
Aye!
Funny how these blue knights come out the woodwork once the deed is done.
Stupid, WATP! shouting zombies…
” a number of Rangers supporters, who are also current shareholders, indicating they would have provided a secured loan of £1.5m on more favourable terms than the combined Laxey Partners/ Easdale loans.”
From STV
http://news.stv.tv/west-central/265261-hmrc-argue-error-of-law-made-as-rangers-oldco-tax-appeal-begins/
A tax tribunal ruling that payments made to some Rangers players and staff were loans contained “errors in law”, an appeal hearing has heard.
The claim by HM Revenue and Customs came as it opened its appeal against the decision in the so-called “Big Tax Case” on Monday.
The case was one of the key developments which led to the financial collapse of Rangers oldco.
Facing a potential bill of £36.6m from the HMRC over its use of employee benefit trusts (EBTs), RFC 2012 plc failed to reach a deal with its creditors and went into administration and then into liquidation.
However, a tribunal eventually ruled in November 2012 that the payments to the trusts could be treated as loans and the tax bill should be “significantly reduced”.
On Monday, HMRC’s counsel, Roderick Thomson QC, argued that several determinations made by the majority in the initial ruling failed to consider all points of evidence and their cumulative effect.
He stated amounts of evidence had been written off as irrelevant by the majority decision, which found in favour of Rangers oldco by two to one.
Mr Thomson also argued that, in certain parts, the majority decision failed to show the “slightest hint” of understanding HMRC’s initial case.
The beneficiaries of EBTs, including high-profile players and management staff, were not named in the original tribunal hearings.
However, this will change for the majority as the appeal case is being held in public. No witnesses will be called during the appeal hearing.
It emerged at Monday’s hearing that in addition to receiving cash via an EBT from Rangers, former manager Alex McLeish – referred to as Mr Violet in the initial determination – also had a flat bought for him by the trust.
Four weeks have been set aside for the case at the upper tax tribunal, which unlike the first tribunal is being held in public. No date has been set for the final outcome to be delivered.
HMRC had sought £36.6m from the Rangers oldco for PAYE and national insurance for its use of EBTs from 2001 and 2010.
It also alleged that four companies related to Sir David – Murray Group Holdings Ltd, Murray Group Management Ltd, the Premier Property Group Ltd and GM Mining Ltd – owed a further £10m in unpaid taxes on the EBT payments.
The companies had successfully argued that the loans paid via EBTs were recoverable and, as such, did not amount to remuneration for employment.
The Rangers oldco is currently in liquidation, having failed to secure a company voluntary arrangement with its creditors in June 2012.
The company’s assets were subsequently sold to a new company, allowing the club to continue as a functioning member of the Scottish Football Association.
I am a massive fan of the Scandinavian crime series, Borgen, The Bridge and of course The Killing and in my opinion they are a breath of fresh air. Add to that Wallander, then you have the cream on the coffee so to speak.
This brings me on to the Belgain effort Salamander, again on BBC 4 Sat and is indeed brilliant. The story line is a cop, who is trying to get to grips with a very secretive and very very powerful group of people. Are you with me so far?? Well is it spooky or is it just spooky the similarities between Salamander and our masonic pals in Scotland, is so evident. Paranoid, well maybe but just ‘cos I;m paranoid does not mean they are not out to get me!!
KINGLuBO
Guidi / keevins and co will say ANYTHING to get fans to react by ‘calling in’ ……. I would love them to run out of callers one night……..hahahahahahaha….!!!!!!!!……(however, keevins has ‘one’ over the others…..he is a naturally ignorant, obnoxious individual, who wasn’t listening when his mother tried to teach him ‘manners’…..)
Full highlights tomorrow from 10::00pm on BBC Alba. If at the game you can swear your head off as after watershed. ;0)
Phill’s up.
http://www.philmacgiollabhain.ie/the-money-men-hedge-their-bets-at-sevco/
They’re being punched from post to pillar and then set upon by a double-ended sword!
“Sno’ fair! We arra’ peepul!”
Complete fuds!
HH!!
The perma ragin’ Huns may actually have a point this time. Why Have Eire been given 2 home games against Scotland?
It just not right. We demand it is played a Ibrox, no wait a sec, just hud’ on there a wee minute pal – a Timmy flag flying high over Ibrox and a reb song blasting over the tanoy? WTF??
Deary me what a dilemma for them, their wee brains must be hurting
LOL it is just soooooo funny :-)
Grant Russell @STVGrant 4m
It was revealed today at the Upper Tier Tax Tribunal that Alex McLeish had a property bought for him through an EBT.