It’s just another story of a player sitting in the stands at Dundee before moving to the bench at Hibs and then a four year contract at Celtic. All in less than four months. Scott Bain is 26 years old and were it not for a personal issue with Neil McCann would still be at Dens Park.
Instead, he will see out his 20s as a Celtic goalkeeper. He is 11 years younger than Dorus de Vries (37) and 9 younger than Craig Gordon (35). He caught Brendan Rodgers eye and is now a development project for the manager. The future is his, if he can grasp it.
Congratulations on your new contract, Scott.
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Ok Thanks Hebcelt, was busy looking at something else when you posted
HEBCELT on 12TH MAY 2018 10:41 AM
Will do and thanks.
Keep the Faith!
Hail Hail!
HEBCELT
Just spoke to AWATR he’ll call you mate, thanks.
Keep the Faith!
Hail Hail!
Good Morning All.
Great fun last night at the CSA dinner sitting in excellent company and sharing many a laugh.
Re the word Hun to describe thems that support some kind of version of the Ibrox team in blue. In the main, I try as best I can not to use the term at all not because I attach or intend any type of sectarian, derogatory, or mal intended meaning to it, but because I have friends and know good people who, for reasons which are beyond me, support Rangers and who I would never want to offend or upset in any way.
In fact, I wouldn’t want to upset or offend anyone and so I just don’t use it whilst at the same time making it very very plain that I am, and always will be, a Celtic fan.
Thanks to Stephen Black for organising the tickets and tables for last night and it was good to see many well kent faces.
Re One Night in Lisbon on the 25th of May – we just about have a full house of 500 ( one table of ten cancelled yesterday due to illness but some of those places were snapped up immediately) and a bit of a different programme lined up in comparison to other nights.
For those going and not going, There are some specially commissioned ONE NIGHT IN LISBON POLOS AND T SHIRTS available and if I was very clever (which I ain’t) I could post photos of the designs on here but I don’t know how to do the hyperlink thing.
However, there are photos and a wee video which I will post via Twitter and the CQN Facebook page and if interested you can e-mail me on jjoe88@hotmail.co.uk to order.
The Polos are genuine Fruit of the Loom quality and the T’s are all superior quality.
All sizes available and they come with one of two unique One Night in Lisbon 67 designs.
They will take around ten days to arrive.
There will be a stall for orders at the dinner and all proceeds will go towards Celtic FC Foundation, Mary’s Meals, and some other charities and give a boost to my fundraising efforts for Malawi where I am off to in June with the foundation to help decorate one of the 67 Kitchens and schools maintained by the Celtic support.
Obviously, there is no vetting procedure for this trip as otherwise they would never allow a ham fisted halfwit like yours truly anywhere near a decorating or building project so I suspect that I will be making the tea!!
Lastly, I was delighted to learn last night that The One Malloy had got himself hitched to the wonderful Sheila!
There is just something about that fact that puts a smile on the face and a spring in the step!!
I love to see good things happen to and for good people. Best to both of them.
Right off oot — work to do and a dinner to organise!!
Look out for the Polos and T’s on facebook and twiiter.
HH
BRTH
Sa–andee, Sa-andee
I’m in miser-ee
Forgot to dot an ‘i’ and cross a ‘t’
Now no Scottish Cup for me.
There’s no way out,
There’s no appeal
No one to hear my plea
If only I’d just signed up for
A side-letter EBT.
Oh
WeeBawBabbity
Thanks for the offer of the Royal Salute!!
I will take you up on that. Drop me a line on jjoe88@hotmail.co.uk and we can arrange something.
Thanks very much.
BRTH
DD,
Just read your post from last night – I’m afraid I’d flaked out by that point!
Yes, Marcus could do with a better manager…and sad to say, some better players around him.
As you say, fingers crossed time.
??
If looking in, can you add myself and daughter to the breakfast club
I posted last week, and think you missed this
BRTH
Drop me a mail with those photos please, so I can order
really sorry to be missing the do on 25th, but, a big wedding to attend
Hail Hail
DD, good to see you too buddy.
Just went out the back there to get stuff out of my shed and I can hear the manky mob walking down on Duke street.
Wonder how they don’t walk in the Garngad???????
I have to go down there as well to pick up my wife from the hairdressers.
Rebs are going on in car… Feck them
D. :)
Confession Time
This afternoon I will be cheering on Rangers
My father-in-law used to play for Rangers in the 50s
If Rangers win today, Donald Findlay will no be happy
NORRIEM on 12TH MAY 2018 11:06 AM
Done; that’s now 11 for The Magnificent 7 Champions Breakfast!
ACGR
Hot Smoked
POG
POG’s Bhoy
Bateen Bhoy
DD
VFR
Toronto Tony
Toronto Tony’s mates
NorrieM
Miss Norrie M
1 seat available.
Norrie, we will make sure your daughter is seated as far away from ACGR as possible!
For those that arrive early, it’s booked under Frank.
KTF
SFTB
there was a team called Rangers playing in the 50’s. No longer
SFTB, I assume Cove
SevcoRangers.KTF
Alasdair
I think Stuart Kettlewell is a decent man, not sure he is a good manager. Good luck against Saint Johnstone today.
Daily reminder:
10th Anniversary Mass for Tommy Burns on Tuesday 15th May at 7:00PM in St Mary’s Calton.
Come early, it will be busy and there will be info about a permanent memorial to Tommy in The Calton.
KTF
VFR
Thought that Jamesgang was joining us for breakfast in Coias tomorrow?
Is it 10.30 kick off in Duke Street?
HH
SFTB
apologies, tail between legs
It’s ok whitedoghunch, I was teasing.
VFR called it right.
Jim Craig quiz question in the record today.
23 teams have won the Scottish cup. But 4 are now defunct. Name them.
Deary me Jim I make it 5.
Doc
See you same place on May 25th.
HH
Real shame we have lost Roberts and Musonda. Two creative players given little game time by Brendan – well at least we have Johnny Hayes and Lewis Morgan? .poor management
Just watched PR7 on sky sports and he sounds as if he is going back doon the road.
D. :)
DD
Amended list:
ACGR
Hot Smoked
POG
POG’s Bhoy
Bateen Bhoy
DD
VFR
Toronto Tony
Toronto Tony’s mates
NorrieM
Miss Norrie M
JamesGang
I’ve told Fredo it’s 12. If anyone else wants to join I can up the numbers!
KTF
https://www.celticdayone.com/
jockodee on 12th May 2018 10:16 am
Auldheid – My understanding of the reason for the nicknames “The Huns” was that it came from a newspaper article c1917 during WW1 because of a Cup final at Hampden where in the uncovered Celtic end with pouring rain the jouralist thought that “even the Hun would have treated them better”.
This article was published on a Celtic blog a few years ago but I can’t remember which one.
===============
Thanks for that. It adds a bit of credibility to my made up idea that the term did indeed get birth in WWI.
DD
I’ll drop big J a message to see if he can join us tomorrow ?
VFR
Was great to see Mrs Rosemary Burns at the dinner in Kerrydale Suite last night.
Celtic and Calton legend Tommy Burns RIP
Norrie
Good man. Look forward to catching up with you over a 7 champions breakfast tomorrow.
YNWA
Another update for The Magnificent 7 Champions Breakfast; KölnCelt is joining us. Who’s next?
ACGR
Hot Smoked
POG
POG’s Bhoy
Bateen Bhoy
DD
VFR
Toronto Tony
Toronto Tony’s mates
NorrieM
Miss Norrie M
JamesGang
KölnCelt
KTF
DELANEYS DUNKY on 12TH MAY 2018 11:43 AM
Was the Mass mentioned last night?
KTF
VFR
Yes F, it was. Great turnout expected on Tuesday. I am heading to Horse & Barge Dalmuir shortly. Will let a few who loved Tommy know about the Mass.
YNWA
? on 12TH MAY 2018 11:53 AM
The Mass was not mentioned but the 10th Anniversary was and a thanks to Rosemary for being there.
Keep the Faith!
Hail Hail!
DELANEYS DUNKY on 12TH MAY 2018 11:58 AM
I must get back on the Guinness, didn’t remember the Mass getting mentioned.
Keep the Faith!
Hail Hail!
Lenny
I was sure it was mentioned by Joe O’Rourke, but I could be wrong D.
??
Can you also please added Mrs Jamesgang
We are getting the joy of Big J’s beautiful bride ??
Dallas Dallas where the heck is Dallas on 12th May 2018 10:16 am
Auldheid at 9.41, thank you for that explaation .
Many thanks again for your incredible contribution along with the other Resolution 12 guys to getting the facts out there of all the SFA’s and now defunct club’s playing fast and loose with football’s financial reguations .
===============
Cheers and in that tradition of informing readers about just how fast TRFC continue to be and how loose the SFA continue to be I’m going to post a discussion from SFM instigated by Barcabhoy on the issue of how TRFC appear to be able to circumvent break even rules. It will be long but it is very very important for the future. If non football money can make a club more wage competitive than its rivals then no matter who has access to that non football money will rule the roost and football no longer remains a sport. It will remain entertainment (who doesn’t enjoy watching Barca or Man City players but it will not be a sport so no question of of sporting advantage being an issue. Read on if you think this matters.
from SFM
Barcabhoy
May 11, 2018 at 13:12
The Uefa Licence
I suggested on twitter recently that the problem for the SFA is that there is no clear ruling from Uefa on the treatment of loans which are intended to be converted to Equity
Rangers fail to qualify for a Uefa licence on the basis that the accumulated losses over a 3 year period exceed the permitted levels.
“ Contributions from equity participants and/or related party(ies)1. Acceptable deviation can exceed EUR 5 million up to the amount described in Article 61(2) in a monitoring period only if such excess is entirely covered by contributions from equity participants and/or related parties. The cash or goods must have been received by the reporting entity, rather than just some form of promise or commitment from the equity participants and/or the related party. ”
Therefore the excess losses over €5M must be covered by contributions from equity participants ( shareholders ) or related parties. Which leads to the question of what is considered to be an acceptable contribution
“ 2. Contributions from equity participants are:a) Share capital increase: payments for shares through the share capital or share premium reserve accounts (i.e. investing in equity instruments in their capacity as shareholder) less capital reductions ”
Shareholders can purchase new shares which increase the share capital. This has not happened at this time , therefore Rangers fail to reduce losses under this option.
“ Contributions from a related party include:a) Monies received from a related party as a donation: that is an unconditional gift made to the reporting entity by a related party which increase the reporting entity’s equity without any obligation for repayment or to do anything in consideration for receiving them. For example, a waiver of inter-company or related party debt constitutes a capital contribution, as it results in an increase in equity ”
Rangers accounts show that current loans are treated as liabilities and are all repayable . Rangers therefore fail to reduce losses under this option as well .
What UEFA specifically exclude from counting as a contribution
“ The following types of transaction are not ‘contributions from equity participantsand/or related parties’:i) Positive movement in net assets/liabilities arising from a revaluation;ii) Creation, or increase in the balance, of other reserves where there is no contribution from equity participants;iii) A transaction whereby the reporting entity has a liability in that the entity has a present obligation to act or perform in a certain way;iv) Contributions from owners in respect of instruments classified as liabilities. ”
I’d refer to clause iv) above . As previously noted Rangers themselves treat the loans as a liability . It says so in the audited accounts . It’s worth remembering Rangers produce the accounts and then have them agreed and signed off by their auditor .
Rangers loans , as described in Rangers own balance sheet , are liabilities and as such are not allowed by UEFA to reduce losses to the acceptable level to qualify for a licence
My view is that if Rangers are able to prove that they will convert sufficient loans to Equity before the end of the monitoring period in June 2018, then the SFA could reasonably award a licence , in the expectation that if the share issue doesn’t take place in time Uefa would reject the licence award.
It is though incumbent on the SFA to red flag this to UEFA given the history, and the current Takeover Panel and Court of Session rulings
There are 2 further wrinkles . Rangers , i suspect will claim the loans are not in fact loans , rather they are Capital Contributions . The problem with that , and i’d reject the claim on this basis, is that as noted the loans are repayable, and are in the liabilities section of the balance sheet.
Rangers need to receive loans which are not repayable and not treated as liabilities for a Capital Contribution to be able to be used as reducing losses to the acceptable level.
The last issue is that whilst there may be a case for the SFA to kick this can down the road to Uefa, last years award now looks wrong on all accounts.
Losses at that point exceded allowed level, and given it is now 14 months since the SFA awarded Rangers a licence for 2017-18 and NO SHARE ISSUE HAS TAKEN PLACE, then it must be clear to even the SFA that it was an error to issue the licence at that time
The SFA are well aware how contentious this matter has become. A new CEO should be clarifying the rationale behind their decision making and their process
Finally, King is wrong (no surprise there) when he claims that both the SFA and Uefa only want comfort that when running at a loss there will be funds provided to cover the loss.
UEFA specifically disallow loans which are repayable to be used to reduce acceptable losses. What UEFA requireis either loans which are then written off or fresh equity . Nothing else is acceptable
===========
My note: This led into a diversion from a well known diverter as follows:
TheLawMan2
May 11, 2018 at 14:03
Barcabhoy – The loans shown on the balance sheet. Are these for Rangers International Football Club or The Rangers Football Club ? What loans are shown under The Rangers Football Club Limited
Not something im in the position to do right now, but how does the losses for TRFCL stack up against the FFP rules ?
And a question i asked on Twitter a while back, if the club is the Company, then which of the above Companies is the Club ?
==================
To which Barca replied
Barcabhoy
May 11, 2018 at 15:42
The loans are provided to RIFC , which owns all of the Equity in TRFC
Every £ of the loans to RIFC is repayable, is a liabilty on the balance sheet.
RIFC then pass the cash to TRFC as a Capital Contribution . Rangers think they are being cute by this transaction.
However Uefa have many times looked through these transactions designed to try and cheat their rules . If covering losses was as simple as having a Holding Co giving free money to a subsidary then PSG AC MILAN and MAN CITY would never have had an issue .
The SFA clearly doesn’t have the balls to say to Rangers , “ This is smoke and mirrors , and its against the spirit and almost certainly the rules of FFP “
Take a hike and get your house in order. Group consolidated accounts and the ultimate treatment of the loans ……repayable or not , must be the deciding factor
However at the end of the day this is something that Uefa needs to have a black and white ruling on .
It’s ludicrous that the SFA can interpret Capital Contributions in a way that suits them ,whilst say for example the Dutch FA took an opposite view .
They could view that Capital Contributions were not allowed if they were just a device to move repayable loans and liabilities a step further away from the licence applicant .
This would be logical and for example deny PSV Eindhoven a licence , either that or force them to comply with the spirit of FFP
==================
Barca then added
Barcabhoy
May 11, 2018 at 16:48
A further note .
TRFC has had losses of £17M in the last 3 years . That’s €19.27 M at todays exchange rate . I estimate the loss for the current year will add a further £6M ( €6.8M ) to that making €27M in the last 4 years and still €17 m in the 3 years to end June 2018
==============
And I weighed in with my Twitter comments without having reading the foregoing after TBB pointed me to them.
Auldheid
May 11, 2018 at 19:16
Barcabhoy
I’ll just copy my views to your post over from Twitter.
When are these cowboys/spivs/criminals going to be refused a licence – period? Not UEFA but National.
They mock our game.
Barca: That analysis poses same question I had on reading UEFA rules. What exactly is an acceptable contribution? A loan that does not need repaid isn’t a loan. It’s a grant. A loan swapped for equity isn’t a loan after a swap. It’s the purchase of a share using a “u owe me.”
But TRFC’s policy hits at the underlying principle and purpose of FFP which was to stop clubs going under. On that basis UEFA must comment on TRFC’S debt policy & advise SFA how they deal with it or UEFA step in and refuse the application or grant a conditional licence to force them to operate sustainably.
Our SMSM seem blind to the danger TRFC’S foolish financial play (ffp) presents to Scottish football.
And they call us Bampots
There is an alternative view on the calibre of SFA “accountants” and that is that by passing the buck to UEFA, who may refuse a licence or grant one on condition of a sustainable business plan being implemented, a stop is put to DK and his version of ffp.
===============
Id like to add now that either the SFA are playing this smartly or the SFa, the SMSM and all those with a blue allegiance do not GAF about the well being of Scottish football and it is up to Celtic supporters and Celtic to stop the crazy mob taking the game down with them.
(There are other comments I’ve excluded to keep it as short as possible without loss of meaning but Barca’s original post is at https://www.sfm.scot/to-comply-or-not-to-comply/?cid=171931 and you can follow the discussion in full from there.