I hear legendary Sevconian statement issuer, Jim “Rangers are dead” Traynor, is now firmly established in the Dave King camp. You may have found recent statements familiar, including last night’s, which focusses more on interrupting Celtic’s period of domination than building a well-run and sustainable football club.
Or it could be that Dave King is in Traynor’s camp, it’s hard to tell who is the monkey and who is the organ grinder when it comes to that lot and their long and dysfunctional relationships with PR masters.
My suspicions were raised when the Sunday Mail ran a complete non-story on their front page. Someone submitted a frivolous complaint to police – this is your news, Scotland. This was the kind of article which would be found in the same publication when Fergus McCann was in charge at Celtic; an unadulterated attack on the club. Now poor (not actually poor) Graham Wallace has to deal with them.
What price ‘loyalty’ after Traynor had his snout in the trough to a spectacular level too. We actually have a recipient of some of that enormous over-spend criticising the enormous over-spend. After his money was banked, of course. For the life of me I can never understand why the other lot put up with these types.
King’s eight point statement was an absolute hoot and completely inspired by Celtic’s position. There seems to be a pattern here: do wrong, then criticise others for doing as you did.
Point One:
King first addressed the liability for blame, and possible criminal investigations, which he believed should be heading towards the Rangers International board in the wake of comments made by chief executive, Graham Waddell, five months ago. He wrote:
….“It is beyond doubt that the CEO (and other board members) was aware last December that there was insufficient cash to last until the end of the season and the board failed to respond to my previous question in that regard. The CEO is now subject to a criminal complaint on this very issue but I believe that his comments were made with the full knowledge of the board. Certainly no one came out to contradict him. We should therefore expect any criminal investigation to extend to other board members.”
Dave King was a director of now-liquidated Rangers throughout the entire Craig Whyte era, when the club borrowed money from Ticketus to fund the payment of Lloyds debt, failed to pay social taxes and came crashing down. Whyte lied about the Ticketus deal but his non-execs kept their eyes, ears and mouths shut.
King was also a director of Rangers for over a decade, including the period of the David Murray-Campbell Ogilvie EBT shambles, which was proven to be illegal on five counts, the other counts are currently subject to an Upper Tier Tribunal.
Point 2:
“If cash was wasted as a result of mismanagement (presumably Charles Green etc.) then what steps are being taken to hold management accountable for this?”
As a non-executive director of failed Rangers FC PLC King was employed to ensure interests of stakeholders were being looked after. He failed singularly in this regard and has yet to be held to account.
Point Three:
“The board has conceded that it does not plan to effectively compete with Celtic in our first season back in the Premier League.”
This is sanity, not vanity. To suggest Newco throw so much money at the team that the instantly become competitive to Celtic is a sure-fire way of guaranteeing yet another insolvency event. These. People. Never. Learn.
Point Four:
“This is a great review for Celtic fans. It is stated that the board might only raise 20 million over the next 3 years. This paltry amount will guarantee that Celtic will be in a league of its own for the next few years- and possibly permanently thereafter. Celtic will continue to enjoy exclusive access to the Champions League windfalls and will go from financial strength to strength. The gap could become financially irreversible.”
Agree that Celtic will go from strength to strength and be remain a league of their own. Disagree that the review was great for Celtic fans. The review is little more than a laugh for Celtic fans, it changes nothing for us. I like the “permanently thereafter” line, though. It carries a bit more weight than “Generation of Domination”, which sounded ridiculous to some 9 years ago when it was first mooted but now sounds a tad understated.
Point Five:
“The board still does not have a clear plan for raising capital despite knowing for some months that a financial crisis was looming.”
Correct. On a related matter, Mr King has offered unspecified notions that he would encourage other people to buy tens of millions of pounds of shares, no clear plan has been identified, exactly what he accused Newco’s board of.
Point Six:
“It is interesting that the credit card companies agree with me that the season tickets should not be released to the club. However, it is genuinely shocking that this board has, for several months, withheld the knowledge that fans would not have access to credit card facilities when renewing season ticket purchases. The board preferred to blame “external parties” in an attempt to hide this serious non-disclosure. How can this board ask fans to ever trust them again?”
I think Mr King may have composed this comment ‘after a long lunch’. Credit card companies have not suggested season tickets should not be released to (sic.) the club, they simply don’t want anything to do with these transactions.
It is not shocking at all that the decision by credit card companies was not shared by fans for a number of months. Wallace would have spent much of this time looking for an alternative. It would have been inappropriate for a PLC to disclose sensitive financial negotiations to the general public months before that information becomes relevant.
Point Seven:
“The board continues the blame game and takes no responsibility for the current debacle. In truth, it is this board’s stubborn refusal to secure fresh equity that is the cause of the present fragile state of the club’s finances. The board clearly hoped to muddle along by using the season ticket advances from fans. This review should reinforce to fans that this board cannot serve as an appropriate custodian for their season ticket money.”
If fans want to know who to blame for the death of Rangers and the undignified mess Newco are in, they need look no further than the boards headed by Sir David Murray and Craig Whyte, both of which Dave King served on. Blaming Wallace instead is nonsense.
Point Eight:
“The board has admitted that Rangers is not presently a “going concern” and yet offers no plan on how this will be dealt with in the short term. Fans could once again lose their season ticket advances if given to the club at this time. It is unconscionable that this board has done nothing to bolster the finances since the last AGM.”
Fans of Oldco or Newco have never lost their season ticket advances. What is he thinking of? Does he know what club he’s talking about?
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I don’t post much myself now but I would just like to point out to the petty bickerers that the blog had a special visitor about 45 minutes ago and NOT ONE of you managed to see past your own self-obsessed noses to extend any kind of welcome.
Hail Hail http://www.dontshrink.com – Tony
Please stick around. There are still a good few worthwhile folk here.
Every time you see something in the Daily Record about Dave King remember that Traynor and Leggat are behind the story. Remember Traynor tried to force a similar take over scoop with Walter Smith as the frontman. It lasted a day or two before Charles Green saw off that pathetic challenge.
Traynor and Leggat are using the Daily Record for their own ends. They are trying to oust the board at Ibrox and install Dave as their King.
They will also use that paper’s diminishing but still significant influence with our support to damage Celtic. Watch it coming and think about the damage re the coverage given to Leigh Griffiths (silly bhoy that he is).
And as for the Sun – think about what they did with their flare image today.
It is madness for Celtic supporters to buy these papers.
And it is also crazy for our club to maintain a commercial relationship with the Record on the Celtic View. This relationship has a sorry history dating back to the old board’s desperate need for money in the early 90s and their decision to work with a guy called Steve Sampson (who with Jack Irvine set up the Sunday Scot, funded by David Murray).
Sampson (backed by guess who?) actually OWNED the Celtic View!
Fergus McCann was horrified to discover this when he arrived at the club and got it back but had to give Sampson’s First Press Publishing a long term contract to publish the Celtic View. Sampson is a horrible, bitter blue nose and he was eventually not welcome inside Celtic Park – he still published the View though. However he did sell his business to Daily Record and Sunday Mail. They used to stage various dinners relating to Celtic in hotels across Glasgow – you may have attended one or two.
Google Steve Sampson and The Drum Magazine for more recent coverage. It is worth it.
So when these people were sending hearses to Celtic Park they were also happy to grab a proud Celtic asset. Time we were free from their clutches forever. Rant over! Don’t buy these anti Celtic rags.
Awe naw. Right look. I have told you before. Your media reports are too accurate and I can’t tell the difference between them and real life. STOOOOPITTTT.
Neganon2, if they employed us they would get balance and talent:-)
It was remarkable we used to have 52k STs. It is remarkable we sold 44/46k STs in past two years.
Although actual attendances have been less recently it is still an amazing commitment by fans. If some now decide not to renew I’m not going to denegrate although I have renewed. I just can’t imagine not going to see Celtic at CP.
Lots of reasons for decline I think…
Money very tight
No genuine league competition
Poor product
A virulent disconnect with the CP power brokers
A virulent disconnect with SPFL/SFA power brokers
Infuriation with MSM and football authorities re THEM
Expensive event
Harassment by police
Boring and predictable league structure
Attitude of clubs and football authorities not prioriting fan needs
Horrendous lack of positive marketing
Terrible TV product with ridiculous rescheduling of matches
and, perhaps…it is just the natural end of a golden age of match attendance totally without parallel in our long history.
If anyone walks away for any combination of these its understandable, subject only to the individuals outlook and not a reason to ridicule.
However…
There are answers to all these issues and I applaud those who are not prepared to meekly accept the status quo (eg Res12).
Rather than abuse and brickbats between ourselves my assessment would be there are acres of common ground (not universal agreement, we’re not in utopia lol)
Whatever the disparate views we want very similar things though our tolerance levels are, er….mixed lol
Is there a forum to take this on and collate what COMMON objectives/preferences/demands?
Tom molach @ 22.48
I have used the “Donny Toadily” in jest, I quite like the fact that TD67 has his beliefs and defends them vehemently, doesn’t mean I agree.
You’ll have seen from my post earlier, I told him not to be a stranger, hardly bullying talk.
HH PC67
jude
There was a smiley there.
You have suggested buying Jon Daly, Russell (when he was with United), Armstrong, Gauld and Mackay Stevens.
I was not seriously suggesting you follow United, FFS; I was making the point that buying half a team from a club that is 30 to 40 points poorer than us does not make sense.
The smiley meant it was a light-hearted dig.
geordie munro
23:04 on29 April, 2014
It’s a service I freely provide for my fellow tims. Only takes secinds
HH
Ernie,
Not like you to do self analysis. Joke.
Pedro
That guy was all over the place. I thot he was going take a heart attack.
I know others have spoken of it earlier today, but how bad and how much cack is that BBC fluff about McCoist.
Still peddling his independent, integrity and same club stand up routine.
The last paragraph attributed to him is identikit Hubris, Vanity, and Denial.
“If you lose in the region of £35m to £45m worth of players (due to administration) and don’t buy to replace them you are going to struggle to compete at the level you once were.”
He is one of those significant shareholders who are waiting to see which way the wind blows before committing to Easdale or King.
Odious in the extreme, but just the manager they should keep.
Winning captains. I totally agree. But why aren’t celtic doing something about it???
NegAnon2
23:00 on 29 April, 2014
…and if CQteN is anything to go by, your never stopped smiling either.
Great post.
HH
CRC
I have never engaged with TD67 on CQN but sometimes I do feel he is getting a raw deal.
For example on Sunday he came on and made a couple of comments and had a conversation with one or two posters. A while later, another poster – FFM – came on and had obviously read back. Out of the blue he started abusing TD67 along the lines of “you don’t half talk a lot of pish!”
TD67 quite rightly reacted and more or less asked FFM what he was on about.
Several posters then joined in and started slaughtering the man and before long, FFM was leading a gang of bullies. But what really got me was that TD67 was then labelled as the aggressor. FFM attacked him when TD67 hadn’t even addressed him, yet we were expected to believe that TD67 was the troublemaker. It was quite pathetic reading and I felt really sorry for TD67 as he tried to defend himself.
It was just like the schoolyard bullies ganging up on the fat boy. No offence Tony.
The crap some people spout on here is unbelievable. “I’m not renewing if Celtic don’t go after the sun’s lies”. Celtic have contacted the sun and received a retraction. “an online retraction is not good enough”. The sun will be printing an apology tomorrow. “still not good enough they don’t stick up for proper fans enough”. Celtic can do no right in some peoples eyes, of course they have no problem making excuses for journalists who claim Neil Lennon brings it on himself when he is abused while watching a game. Supporter I think not.
Anyway, watching the Madrid v Bayern goals again.
Who thinks Ronaldo being taking tips from Alan Thompson ala Liverpool 2003 on how to take a free kick?
DaisycutterCSC
HH
CRC
sftb
Cld u do a smily in udder case nex tim.Nu vary vocals on. HaoL HaIL <:0)
So TD67 has been referred by the Compliance Officer for contravening some sections of CQN code and bringing the site into disrepute? I have to say, I am surprised. I tend to disagree with much of what TD says – particularly on the subject of education – but my general perception that he is more sinned against than sinner in terms of people having a go at each other. Personal abuse happens on a regular basis here – not that that is something we should be happy to accept, but normally the posters come to their senses and either apologise or avoid each other thus resolving the problem. I’d better be careful in future – I wouldn’t want Vincent Lunny on my case…!
Celtic, Celtic that’s the team for ME
Celtic, Celtic onto VICTOR – EE
Hail Hail Cowiebhoy in NI
Kilgore Trout
More than a bit harsh.
If you go onto Tony’s site, you will see that many CQNrs have responded already, without drawing attention to it on here.
How did you arrive at the “Not One of you” line and did you include yourself in it?
Gold Coast Tom
23:07 on
29 April, 2014
hail hail Tom
Winning Captains, as P67 said the other day, the first coup, pathetic though it was, forced Green to quadruple McCoists wages, pay money they couldn’t afford and basically set Sevco down the road to destruction as soon as they were formed.
Good rant, totally agree, don’t buy the rags.
The wee mhan(Grandson) came home from nursery today and said to the wife
” I’m a HUN B”
just as she swung her head in my direction he continued with “bzzzzzzzzzzz bzzzzzzzzzz” and started to flap his arms:)))
Turns out he learned a Honey bee song today:))))
phewwwwcsc
SFTB,
You keep leaving wee messages to Tony, as limited knowledge on fitba :-)
Before RWE responds
Hail Hail
Jude
Aye, but he was right on the few points he made, really hope he gets back on and puts Flanders in his place……that’s if he’s no croaked it :-)
It would appear that some have found themselves a martyr.
lct
I blame the skools!!
GCT. Tony needs a chance. But like me he can be his own worst enemy. He is anti intellectually and wallows in crass comments.
I know I have a cheek to talk but he needs to listen……
Hamiltontim is praying for Oscar
23:14 on
29 April, 2014
It would appear that some have found themselves a martyr.
and some a patsy
Evening Celtic roller,
Well home feels like Russia but I am in Scotland for a month but or two
.
My referendum vote is for sale. ..
Thanks Celticroller. Look after yourself.
rwe…
Thanks tho the gratitude is all mine!
jude 2005
I will try to make my smileys varifocal-sized from now on.
BTW- I use them too.
Owen. Right time to take you to task. Let me ask you a question. Why the hello aren’t celtic shouting from the rooftops about the lies??
They display cowardice at EVERY turn.
NegAnon2
I used to think there were a number of informed posters on here who had an insight into what was going on.
I know for a fact that these rags come on here looking for stories.
I have come to realise that we are maybe a bit further ahead in understanding the story and appreciating the facts and their significance than those who run our club.
Think that is your answer.
So much negativity regarding the Tic board. If it wis up to me, to actually enter the Holy Ground one would have to meet the following criteria.
1.Must know the words to at least 20 Celtic songs’Boys of the old brigade and hampden in the sun are obligatory.
2.Must have been arrested at least twice defending our clubs honor.
3.Having partaking in fortified wines in Stanford st. Staggered up to the Jungle to roar abuse at foes and cheer the Bhoys.
4.Never ever agree with a hun.about anything whatsoever.
5.Always support the team no matter the forces of evil trying to divide us.
6.Be positive at all times about the famous’famous we are’Glasgow Celtic.unfortunately huns actually have ears.
7.Be all you can be and be proud of OUR club.
IF YOU can’t do that,
YOUR NO GETTING IN.
Hail Hail.
Geez TD anyday Celtics in his heart.
Emdae hear the hun on ssb last night saying he is paying his S Ts monthly and its not a problem.
Oh well, I can kiss goodby to that acca, Bloody Germans >}
re TD67
He has as much right to post here as the next man, but, and always the but, it’s a blog, a place where people communicate with each other, a place where debates sometimes rage, but it’s first and foremost a blog for talking to each other, TD makes it very clear, he won’t enter into any kind of to and fro with anyone he disagrees with, totally against the spirit of the blog IMO.
We all have disagreements from time to time, it’s healthy, we get our points over in the main without falling out, I did once, I think I got away with it >}
Just my take on things.
Bloody Germans………………….
Still, now just need a total capitulation from Atletico and Barca to win La Liga for a few bob….where there is hope !!!
HH
Cowiebhoy
23:11 on 29 April, 2014
Evening Cowiebhoy
Hope your Belfast troubles are reducing?
Still have a spare or two for the CSA night if you’re able?
HH
CRC