Rangers International adopted a firm position in their court hearing against former director, Imran Ahmed, in Edinburgh yesterday. Directors and major shareholders know they have a cash shortfall for next season, even if season ticket sales are as higher than anticipated. Therefore, they know they will need to facilitate a loan, cough up for more shares or issue shares to new investors. A few million here or there from season tickets will not change this fact – so the argument goes.
With that in mind the club is under no serious threat from fans turning towards Dave King’s glorious attempt to deprive them of cash. Contrary to earlier reports, organised protests against the Easdales, Ashley and Laxey Partners is in no danger of putting the club under.
The best case scenario for King and his Band of Protagonists is that the club owners would be worn out by the sheer hassle of dealing with their campaign and would wilt before cutting a deal with him on very easy terms. This does not look likely today, the owners appear intent on getting a return for their money.
At various times during the past two years I’ve offered goodwill towards Hibernian, wishing them well against Hearts in the 2012 Cup Final, encouraging them after they lost to Celtic in the 2013 Final, and on the Hail Hail Media Celtic History podcast I spoke about The Famous Five being the best team in Europe in the late 40s, but I’m all Hibs-d out. I hope they are relegated.
50 years ago Hibs were almost the same size a club as Celtic, although Hibs were far more successful at the time. The decades since have utterly destroyed whatever legacy left by The Famous Five. Sir Tom Farmer’s ownership has provided financial stability but when he combined with Rod Petrie the pair contrived to bring about the most wasteful partnership in the history of the Scottish game – and that includes Sir David Murray’s years of unrestrained bombast.
New chief executive, Leann Dempster, has been more than a firm hand on the tiller at Motherwell, she delivered success over and above their station, but Hibs are so afflicted you wonder is anyone will be able to resurrect it with Petrie still in the chair, Farmer in ultimate control and Terry Butcher in the dugout. Not only do they deserve relegation, it may be necessary for Dempster to clear-out the deadwood above and below her. Better to be relegated than stumble on with Petrie and his Inverse Midas Touch.
Some good Celtic fans and CQN’ers are holding an event at Monroe’s Tavern in Galway tomorrow in aid of Console, the Irish suicide prevention charity. One of the many auction items is the photo above, signed by Bertie Auld. If you would like to help Console, stick a wee bid into email@example.com .
Issue 20 of CQN Magazine, CQLisboN is out and enjoying great reviews. Click here to read for FREE.[calameo code=0003901717b11f6e50af4 lang=en page=1 hidelinks=1 width=100% height=500]