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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hope this is true – from phil
https://twitter.com/Pmacgiollabhain/status/460834029076770816
Just when Sevconians think it can’t get any worse,Jabba appears,marvellous.”the old Club is dead Jim,dead Jim ,dead Jim…”
Morally bankrupt and financially insolvent.
Whatever name they give themselves today.
Thank goodness I support Celtic FC.
HH
Hello lamppost,
What cha knowing?
Life, I love you,
All is groovy. CSC
IGC,
It’s the end of the regular league season, whenever that is in the lower leagues. The last round of games, not counting the play offs.
Clink\o/
That’s where I admire the likes of Paul67, and Auldheid, and Canamalar and all those who backed him in his Resolution 12, and every single poster or person who strives for what is right, whether they wear the green and white of Celtic, or the Maroon of Hearts, or the Red of Aberdeen, or whatever colour of their favoured club.
I’m just think that the focus is too much on The Rangers, when I think the spotlight, and the heat, should have been, and still should, be set upon those who have brought us to where we are today. And for the record, that was not The Rangers, they are only leeching because others allowed them to leech. And if it happens again, I honestly believe it will be a one horse race for The Rangers because I firmly believe that every decent football supporter in Scotland is sick and tired of the farce.
One of the biggest farces in sport that the world has ever seen or is likely to ever see, and it happened on the watch, and with the endorsement, of Scottish football authorities.
I’m just me mate, just one person, but after almost fifteen years of having a season ticket, every single one of which I have not lived in Scotland, and I think I’ve sat in my own seat twice in all that time, this year I did not renew, and I cancelled my subscription to Celtic TV too. I’m not paying CELTIC to ignore the corruption a single day longer, why should I. It’s meant to be sport, sport is meant to be sporting, but Scottish football is anything but and until Celtic – the Biggest Club in Scotland – start behaving with integrity on behalf of Celtic in general and Scottish football in particular, then I will not be putting a single penny their way soon.
I won’t encourage anybody else to follow my way, I’ll leave their decision to their needs and their conscience but I do encourage everybody to focus on the real root cause of the problems we face and for me that is the authorities, football and civil both.
I’m a big supporter of FAC. I’m a big supporter of human rights and I’m just a getting old Celtic Supporter who cares beyond my time. Don’t leave the crap we never had the guts to face down for our children to have to clean up at their cost and harm.
BlantyreKev
What if you take into account that the 3.5M is no longer there as that was noted back in December and they had to go for 1.5M in February?
MWD says Go For IT Scotchland
Anyone at the game last nyt ?
Heard huns did their usual stuff.. Did some of our lot let us down aswel ?
Saw few comments on here saying we played all the football. Great to read
Proudbhoy,
From the reports here and elsewhere the majority of the bother was from thems.
But one or two of our own have given the meedja something to moan about.
So is it Leckie or Traynor ? I know I know I know
HH
………..perhaps this has been mentioned afore…….
……….but…
…. is this recent development
…………………………………….the first example of a rather portly rat
swimmin’ towards a sinkin’ ship?
I meant Leggat or Jabba
HH
Just on Twitter – “McCoist says fans 100% deserve to know where £ has gone. Believes % of turnover spent on player wages is the envy of any club in the world.”
.
..
MWD..
Banana and Tuna Pizza..
You are Fully Sick..
Summa
Paul67:
The only one he has not blamed is Ally…just saying:)
Keep the Faith!
Hail Hail!
Is it safe?
Should the newklub suffer a points deduction, perhaps we may see Sandy Bryson putting his underpants on over his trousers again…..
HT
Aye.
HT
It is!
He’s aff his he………sorry, aff oot.
H/ Tim- as long as you don’t diss Fergus ;/)
sally should show the monkey hordes his bank account and they will see where a lot of their pounds have went
* tonydonnelly67
12:42 on 29 April, 2014
So awe cops are bad?
*
…………………..
According to you, O great fountain of knowledge, it’s just all teachers who are bad.
Bourne
I actually have a headache from reading back this morning’s posts.
I do, however, feel that a wee pic of a certain, red headed beauty may help ease my pain.
TOSB…
Sorry mate but Financial Advisors got it as well from td.
I should know.
A number of other honourable occupations got dumped on too, can’t remember exactly.
HT
I hope the picture is of the Minx!!
:0)
Philbhoy
….and breathe!!! phew :-)
DBBIA
Or wind turbines x
geordie munro
13:41 on 29 April, 2014
—
Cheers for reply.
If theres lots of broken seats i hope celtic release a statement and photo of the bill they sent to ibrox
Philbhoy
Now, I really, really should have thought of that before applying my, soon to be broken, digits to the keyboard :-)
Lennybhoy…Supporting the DAM 5, Neil Lennon, Wee Oscar Knox, and CFC until I die
13:46 on 29 April, 2014
Paul67:
The only one he has not blamed is Ally…just saying:)
Keep the Faith!
Hail Hail!
———————-
Sleekit is Kings man on the inside always has been, Remember when they walked out ashen faced when realising the spivs had their teeth in the carcass.
If they are allowed to go into Admin before Sat it will again be Scotlands shame but with Ogilvie still perched at the top of the tree it would not suprise me.
Although I cant see the spivs handing the keys to the “Glib & shameless liar”.
Have celtic had the rags in to take photos of the chairs damaged by fans of Scotlands newest club yet?
leftclicktic We are all Neil Lennon 13:58:
That should be rhetorical question my friend…:)
Lunchtime over…
Until we meet again…
Keep the Faith!
Hail Hail!
“I do, however, feel that a wee pic of a certain, red headed beauty may help ease my pain”
HT
A swan vesta or lenny?
H/Tim -aye, the day Fergus invites Hello! into his beautiful new wind farm is the day the scales fall away from my eyes.
.
Kitalba Said..
I’m just me mate, just one person, but after almost fifteen years of having a season ticket, every single one of which I have not lived in Scotland, and I think I’ve sat in my own seat twice in all that time, this year I did not renew, and I cancelled my subscription to Celtic TV too. I’m not paying CELTIC to ignore the corruption a single day longer, why should I. It’s meant to be sport, sport is meant to be sporting, but Scottish football is anything but and until Celtic – the Biggest Club in Scotland – start behaving with integrity on behalf of Celtic in general and Scottish football in particular, then I will not be putting a single penny their way soon.
Kit..
I Truly believe if You read Negative stuff Day in Day out..You will become Negative..”If Ye Fly wae the Craws Ye will get Shot wae them”
You are a Intelligent Guy..
Paul67 was asked a Question at a Q&A a Couple of Years ago when l was Home..
How long would ‘The Rangers’ drama last..
l was Sitting with Martin42.. JinkysBoy and other CQNers..
My Reason..Lawyers would need to be Involved..
So Celtic FC could could go the Legal route and Prove Unequivocally that The Rangers cheated..
For What..For You to be then Happy..To prove What..? Integrity..??
16 Yrs without the New Jinky..Larsson..Lubo..?????
I think Rangers Have Won..
Summa
TootingTim
Good afternoon ,I still await the whitewash in the Killie player registration case, as Sandy Brysons ludicrous evidence that once a player is registered he is registered to the LNS inquiry blows all other attempts by them to prosecute ANYBODY out the water (IMHO) and i’m sure the SFA wouldn’t want anyone pointing to Sandys evidence.
Nothing to see here I suspect.
Been wondering this past few weeks is there anywhere online to see some of the celtic v deadco games from late 80’s onwards to early 2000’s
Loads i would like to watch again.
They can’t get a 25 point penalty for going into admin twice as the last time they went in to admin they never came out – right….we all know that…so why are they going on about a second admin event? Mind you, the SFA, if it does come to pass Campbell will be on to it in a flash, agree what’s what wi his mates at deedco, then issue a statement making it sound like they have come to an objective decision on it…..the farce continues.
Giuseppe Conlon: I’m going to die.
Gerry Conlon: Don’t be saying that.
Giuseppe Conlon: I’m scared.
Gerry Conlon: There’s no reason to be scared. You have nothing to be scared about.
Giuseppe Conlon: Don’t you be comforting me when I can see the truth staring me in the face. I’m scared I’m gonna die here.
Gerry Conlon: You’re not dying alright?
Giuseppe Conlon: Can I not say a thing without you contradicting me? I’m scared to leave your mother behind.
Gerry Conlon: Look, you are not going to die alright? If you do, sure I can look after Ma alright.
Giuseppe Conlon: You think I’d leave Sara in your care?
Gerry Conlon: What do you mean?
Giuseppe Conlon: You haven’t the maturity to take care of yourself, let alone your mother.
And Giuseppe Conlon, an innocent man, sentenced to life imprisonment died. He died incarcerated and he died an innocent man in a jail in a county that harbours the mother of parliaments because purportedly, decent people conspired against faith to put him there and the purportedly more decent amongst them, well the height of their decency was silence. Silence until their day was done and then they would go home to their families at night and all was well and the world was a good place to live in because daddies looking after the peace and the likes of Giuseppe Conlon are behind bars.
And Giuseppe Conlon, Giuseppe Conlon loved his son and his son loved his father and they both lied to each other because the truth was a lie and the lie was the truth.
Won’t ever happen again will it?
Could it?
Does it?
Time will tell who’ll be the next Giuseppe Conlon and son.
FAC
philbhoy
Aye. He adopts a scattergun approach. We could make a fortune by selling CQN badges bearing legends suvh as,
“Get Tony Donnelly before he gets …………aaarrggggghh!!!”