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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Gold Coast Tom
23:41 on 29 April, 2014
Brings back fond memories doesn’t it but sorry Tom, with that rumour of Ronaldo signing for Celtic, you can tell it is Season Ticket Renewal time.
Are you Peter Lawell’s cousin in disguise? :-)
HH
CRC
CRC, Myth and Murray.
Neganon you are going to take me to task? Aye that’ll be right. You posted about not renewing because Celtic had not acted against the Sun, when your error was pointed out you changed your position but still had a go at Celtic anyway. Renew or do not renew but cut out the sanctimonious bovine excretia you can never say a good word about Celtic but make excuses for journalists who are no friends of Celtic. Do not bother to put me in my place as I couldn’t be bothered to read your posts anymore.
Winning Captains.
I told Alex a story about a mutual friend who also shares my name, that friend he is coming to Greenock.
NegAnon2 said:
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……
I wouldn’t disagree with that. That’s why. as I say, I have never conversed with him on here. My point was more about people ganging up on him behind a ringleader.
Just home from a wee night out in Carlisle watching Celtic Nation win 3-0 and lift the cup
My word but CQN is depressing tonight. I can see Paul getting totally fed up with all of us and pulling the plug. Re TD, at times I find him annoying at times funny but sometimes he is bang out of order, which he was in his post to googybhoy. I totally accept he has Celtic in his heart and recently I have found myself agreeing with him on some issues. There are 7 or 8 posters on here I have no time whatever for and TD is not one of them. I’m sure there are at least that many if not more feel the same about me. We can’t all like each other but we can be civil to each other or alternatively ignore rather than insult.
CRC –
The bit about Ronaldo wanting to play for Celtic was a joke on my part. I thought that was clear. No?
Will call it night as I do not want to get involved in another row. Night all.
CorkCelt, read on, good debate other than that.
Just logged on and read a couple of posts. Has Donny toadily self combusted?
In other news, gravy floats.
Off to read back.
Tbj
How are you, great to meet(and greet) you (who does that remind you of) on sunday. Ya bugger introducing yersell as ” the mighty one”.
Hope you had a great night and glad the ole Celtic Nation won. :-)))
Weefra HH supporting and praying for Wee Oscar.
Doc, No more reading for me tonight, I’m wrecked, heading off to the leaba. Good Night All & God Bless All Tims .
CorkCelt, G’night.
doc
Hope to meet up again this saturday. :-))
Weefra HH supporting and praying for Wee Oscar.
WeeFra, will do mhate.
i was at the real v leverkusen hampden final
sitting bang in the middle of the celtic end between the supporters
brilliant goals , great occasion,
madrid supporters were like huns without the violence.
a sense of entitlement and arrogance,
the posher supporters wearing the sweater around the shoulders look, and blazer ensemble.
to be fair ronaldo is probably in the top 5 of footballers ever.
GCT
I had a smiley on my post re Ronaldo, but if you have some inside info :-)
Hope you are keeping well?
HH
CRC
5. ronaldo
4. paul mcstay
3. henrik larsson
2. jimmy mcgrory
1. jinky.
Re TD,
Although I don’t agree with everything he says, in my opinion he tells it like it is and some people just don’t like that.
There are a number of other posters on here who I’d rather see yellow carded for their frequent bullying, extremist views and poor tone.
Keep posting Tony. You have a lot of support.
saint Stivs,
5. Pele
Other than that, ok.
ACGR
:-)
Where’s ma sample BTW and do I owe you any cash?
HH
CRC
Nah, Actullt PMS, No.1 for me.
martybhoy59
22:21 on 29 April, 2014
Dooooooooh …… On blogs, posters give reasons for statements / decisionsthey make …..it’s called ‘discussion’…..
Hamiltontim
When you select comments you get a drop down menu with a lot of confusing profile options.
Choose the last one “Anonymous” then you’ll get thro no probs.
HH
Nah, Actually, PMS for me.
Could you imagine this guy with laptop?
http://www.youtube.com/watch?v=zxIEZ-gnFeE
Does anyone know if Celtic are intending to bill sevco for the damage to our stadium ?……. We really cannot ignore this …. !!!!
tbj
Do you know if Jim Paterson was playing for CN tonight.
Paul67,
I think your yellow card would be better employed on those trolls who insist on clogging the blog with their Yes / No diatribes on some parochial issue that is taking place in Scotland this year.
Tony D has strong views in defending the club against those whom he considers have an agenda to pursue.
In that, I am in agreement with him, even though I wouldn’t be as vitriolic as he.
However, he believes in fighting fire with fire and has been on the receiving end of some terrible personal insults.
Perhaps it is a generational thing. Us old timers may have a different personal relationship with the club than today’s young uns.
However, ours is the generation who nurtured the Celtic that our fathers passed on to us.
What kind of Celtic will the politicised current support pass on?
Ask not what Celtic can do for new, but, what can I do for Celtic.
Good night and God ?Bless.
67Heaven … I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors
00:16 on
30 April, 2014
Does anyone know if Celtic are intending to bill sevco for the damage to our stadium ?……. We really cannot ignore this …. !!!!
———————————————————
Well, the board comes in for some criticism at times but one thing they ain’t shy about is looking after the pennies. I’d be surprised if they didn’t go after whoever is liable for the damage. Not sue if that’s The Sevco or the tourney organisers…
Nytol
best wishes
to tony d.
a wee song for you
pesky socialist, republican, free thinking intelligent student
http://www.youtube.com/watch?v=JqKai5-JxVg
67heaven … i am neil lennon, supporting wee oscar..!!.. ibrox belongs to the creditors
00:12 on 30 April, 2014
martybhoy59
22:21 on 29 April, 2014
Dooooooooh …… On blogs, posters give reasons for statements / decisionsthey make …..it’s called ‘discussion’…..
Really, so enlighting thank you for those pearls of wisdom
natknow – supporting wee oscar
00:22 on 30 April, 2014
Right enough …. Celtic were host for the organisers….feckin’ raging about that lot even being allowed anywhere near our stadium
martybhoy59
00:25 on 30 April, 2014
Yee welcum …. :)
Ok guys, you can discuss all you like. i’m going to make a final lamb check and hope it doesn’t end up like last night. 3 hours. :-((
So I will bid you all a very Night Night Timland. :-))
Weefra HH supporting and praying for Wee Oscar.
http://www.dontshrink.com/
Tony mate
Like others I can’t comment on your site
Your a star young man
Please post when you can
HH