Dundee United chairman Stephen Thompson’s comments to yesterdays’ Herald are worthy of attention. During the summer, when United received a £1m bid from Rangers for David Goodwillie and Blackburn Rovers were hovering, Bank of Scotland, took an active part in the deliberations. Thompson told the Herald, “The bank wanted me to take £1.2m for him, but I said no to that. I had to stand up against the bank.”
Thompson more than doubled the money on offer for Goodwillie, allowing him to shave over £2m off their bank debt, but this exchange took place only a few months after the same bank told former Rangers chairman, Alastair Johnston, to accept the bid for the club from Motherwell born thousandaire Craig Whyte or the bank would demand same-day repayment of Rangers borrowings.
Bank of Scotland, part of Lloyds Banking Group (LBG), are significantly exposed to Scottish football and required a taxpayer bail-out two years ago, so although their interference in the running of clubs could seem overbearing, we shouldn’t be surprised at it. It’s business, and if you are employed at LBG with a responsibility to your taxpayer-shareholder, it’s necessary business.
Fortunately, Celtic are free from such interference, as are Rangers, thanks to their aforementioned benefactor, but if a liquidation event at a large club threatened income streams to the league I would be amazed if the Bank didn’t use the ‘Vote Newo FC into the SPL or repay your borrowings immediately’ line.
Stephen Thompson, who sits on the SPL board, might not have a choice on whether or not to vote a Newco FC into the SPL ahead of 30 Scottish Football League clubs, but he and his fellow board members will be able to set the tariff on any exceptional league entry to what would become a financially privileged football franchise.
12 seasons of cumulative benefit from financial mis-dealings should result in 12 seasons of penury at whatever points rate the league calculate benefit was accrued. For one scenario I have in mind, around 15 points per season sounds fair, with an expunging from the records of any trophies ‘won’ by Financial Doping.
This is measured, deliverable, is in the power of the SPL board to impose, and sets a minimum moral hazard to inhibit future mis-deeds.
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Dundee United have made a £25,000 offer for Hamilton Accies forward Dougie Imrie.
*read this and then read it again and after you have finished have another read.
Amidst all the horse manure that the old media are spouting about what the huns would get for their so called ‘stars” this is where scottish fitba is at due mainly tae Them throwing your, the taxpayers, money around like a man wi’ nae erms.
This is the same fee that Dunfermline offered tae motherwell in 1965 for a 27 year old Joe McBride who had played for 5 previous clubs and received his only 2 caps in 1966.
Incidentally although the offer was accepted by ‘well Joe turned the Pars down and signed for us for £22,500.
Drambowiecelt
http://www.youtube.com/watch?v=aTn4qGHgzFE
I was in The Art Galleries today, at Kelvingrove.
What a beautiful place!
We have all gone there before, we think its done and dusted.
Go again.
There was an interesting bit on sectarianism.
Explaining the whole thing to visitors to Glasgow, and I thought they did a good job.
I didn’t listen to the video though, as I was in a good place and feared it would annoy me.
They had a good take on the Irish flag, saying that the green and orange parts were meant to unite the communities, but noting that protestants felt it was a solely catholic thing.
Upstairs I found myself in front of Rembandt’s Man In Armour.
As I looked at this beautiful painting, my thoughts came back to Celtic.
I thought of my often troubled life, and of the times when I feel good.
Like when I’m sitting in Celtic Park.
Celtic should be an expression of beauty.
We often are, and sometimes we are not.
If we just express ourselves, rather than react to others, then we will be a beautiful thing.
@king
lol dont know how to do the links but if that ow ever dies
my song will be tramp the dirt down
ps dont know how to link.
notapologisincsc
Laid up in bed with winter bug (novo virus) so have read 95% of posts today…
Strikes me that none of us can articulate more than our hopes or prediction re Huns…basically nobody knows. The whole thing is multifaceted with a lot of vested interest it will be a ‘political’ decision in the end.
What is more certain and much more within Our control is that we can master the Huns on the pitch for a long time going forward if we invest wisely, not recklessly but wisely…
PL and co had better have their battle plan honed re Huns … But they really need to ensure we are prepared to win this SPL title.
It has been the case for too long now.. No more excuses.
Drambowiecelt
Here’s a few of my fave songs, Hope you enjoy!
http://youtu.be/vgkIK345OII
http://youtu.be/KCu_HNANrPw
http://youtu.be/mh0KjFk57j0
http://youtu.be/shHyEt5Fy-8
Rasca capac
Fond memories of Kelvingrove… Remember my mum taking me there on the bus from our flat in Dalmarnock many times as a wee bhoy… It was another world. Been there after revamp and it is still amazing
Yesterday, on the radio, Guidi said something about Rangers not making Europe as a result of a ban would result in them losing “five or six million” pounds, but not much more than that, as neither they, nor Celtic, is likely to qualify for the Champions League groups for years to come.
Is he right? Can anyone estimate what the potential costs are of Rangers starting the season guarenteed no European money?
How much are we talking about?
Rascar Capac,
Me and my Grandson were there last Friday (Mrs Dobbs had appointment at the western).
Great day we had, we had to drag the Bhoy away :O).
Guidi is broadly correct… Depending on progress through the rounds.
While entry to CL would be challenging for Celtic it is possible… Our players fit the age profile of teams who currently get there… Highly unlikely we’d reach group stages but just getting there gives around £12m from what I understand..
yup once they are phoenixed I think we can do business with this mob
http://132yearsofunsurpasseddignity.blogspot.com/
Its the least we can do to pay back the donut
@serge
good stuff mate they must be good live.
some great riffs lost in the production but
great drummer lead vocals and the energy rips right out of them
scotland for hearing soul
Drambowiecelt
They are touring next month & 1st album out in April, Unfortunately im away to Jordan next month so wont see them this time.
Anyway early start in the morn to go see the woman so better call it a day.
Thanks was good talking to you will catch up with you again, I’ll let you know how i get on with the soviets. Take care. HH
ok mate dont miss young jay paton
hes the same style as music and a good bhoy
look him up on you toob
Drambowiecelt
Will do mate, I’ll get your email add tomorrow & you can mail me a few bands etc if you have time cheers. I’m music mad!! HH
lol ok
setting free the bears says:
12 January, 2012 at 23:31
The case will not be decided until April. There will of SB money coming in. They could sell their whole squad in May and replace them with Bosmans at half the wages and still be topping the wages of other SPL clubs. So the £20M need not come from player sales alone.
If they make it clear they need to sell 35000 SBs to survive intact it puts the responsibility on the support to back them at that level for a season at least.
I’m playing the taxman here . If they could only raise £15M up front to keep going after player sales and replacements I’d take that for starters and see how the dice role.
@auld heid
you like music??
Who says crime doesn’t pay…
Piracy boosts economies
..so the huns stole a few titles…so News of the world hacked Milly Dowlers phone…so George Bush invaded Iraq for nothing..so Blair agreed..so what??? ..economies are booming..trickle down reagonomics..thats what I say.
Whiners!
Drambowiecelt
Your at it hahahahaha
@margaret
you know john hourican?
i will take that as a no
the barsteward picks up 4 mill in bonuses as the his institution sacrifies 5000 jobs
RBS take a bow
Drambowiecelt says:
13 January, 2012 at 01:07
If I was CEO and 4000 workers had to go so I could get my well deserved bonus ..hell yes I’d sack em too..its a hun eat hun world out there..and if it didnt work I’d hire McBride and sue there sorry bahookies
Meanwhile over on Follow Follow…
The whole Guidi someones meddling in football matters at Rangers story has been cleared up. Yip someone phoned “Smudger” and its all been put to bed. ‘I gave Gordon a call to clarify. there is no problems at all with either of them and it seems someones mischief making. To be fair Gordon didnt seem to botherd it all but did say he was supprised Rangers fans Would listen and believe anything ” they” said.’
I think thats case closed gentlemen :)
To be sure to be sure margaret
and we could all sing of galway bay
and watch the quiet man and reminisce
and be champions for the last three years
oops wait a minute thats walts version
you know disney ,disney care.
Anyway pete
did you know the ford pinto never sold in brazil???
reason? it means small genitals>
Last song of the night, enjoy
http://youtu.be/vD1G6UPiREA
@serge
i thought you were ofski mate
will give you my myspaceinfo tmorra
@auldhied
not being facetious got great respect for you
was a genuine question about music.
heid
Drambowiecelt
buzzing listening to all that music :-)
Sounds good i’ll log in after the quiz cheers.
Drambowiecelt says:
13 January, 2012 at 01:03
@auld heid
you like music??
I ws going to say it goes in one ear and out the other as a quick reply, but short of the Moody Blues I could not pick any other group or person and tell you much about them. God even with the Moodys I can barely recite their names but could always identify a Moodies song.
Now my good lady is a walking music encyclopedia/jukebox combined, very knowledgable and appreciative, I just know what I like when I hear it and thats enough for me.
on other news
the new treasure island drams review.
its the first time ive seen long john out performed by the parrot
ernie
That’s me just home I hope you didn’t think I was ignoring you.
I agree my argument was poor, I allowed myself to become frustrated by one of your posts in particular. I regret that now I should have seen it coming.
Incidentally, before you start claiming that my argument got poorer perhaps you should reflect on your claim that we shouldn’t post proclaiming our intention to still follow Celtic, even if the newco are reinstated, for fear that Celtic FC will take this as a sign to vote them in. Bizarre in the extreme.
Furthermore your comment that those who continue to follow Celtic will be, in your eyes, ‘joke supporters’ is nothing short of disgraceful.
The secret of life is honesty and fair dealing. If you can fake that, you’ve got it made.
@auld heid
class
young ray thomas and the el rio rebels”i know i know”
used to play in my father in laws pub 64 65
they went thru some changes but were always class
we had at the time roy wood “the move” stevie the voice winwood
a young noddy holder etc etc and five ways erdington was the place to be
@margaret
fake orgasms are the spirit of life.
@hamilton tim im still trying to find where ernie
said “joke supporters” please correct me if im wrong
You’ve painted up your lips
and rolled and curled your tinted hair