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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Auldheid
11:34 on 30 April, 2014
Natknow
On CO’s election the word where Turnbull Hutton was the source is that no one wanted the trials and tribulations that would accompany the job.
The 4 year rule hardly helps bring in new thinking since 4 years exposure to SFA oldthink would surely dull the senses of the sharpness suited men.
Celtic want a more professional SFA but that can only be achieved with agreement of other clubs.
The acceptance of SPFL resolutions to give them more say and (if it happens) the replacement of CO by Petrie would all be signs that moves towards a more professional SFA were in train.
There is no point Celtic pulling down the house of cards unless there is something more acceptable to take its place but I think that a much more professional SFA is an objective of Celtic and in this new game of cards they hold all the aces.
——————————————————–
Many thanks for the clarification. I agree that we are going about this in the best (only?) was possible.
If we’re going to sign Snodgrass is that the end for wee Jamesy.
Injury prone , possibly due to lifestyle but not sure about that
How my trial on CQN went.
http://youtu.be/PF3CGENBhn0
Charliemac
If Neil is trying to focus on pace within the side Forrest remains. He’s also a favoured child of the boss.
Is Snodgrass quick ?
This Bhoy is good at what he does :))
Barry McGonigle@BarryMcGonigle · 2h
Good morning guys, Sean Fallon restore. Hope you all like it. Hail Hail
https://twitter.com/BarryMcGonigle/status/461424763923988480/photo/1
charliemac
11:39 on 30 April, 2014
If we’re going to sign Snodgrass is that the end for wee Jamesy.
Injury prone , possibly due to lifestyle but not sure about that
——————————————-
I can’t see Neil getting rid of James – I think Neil sees James as a permie fixture for the club.
NatKnow – Supporting Wee Oscar
I agree. We are looking at making the squad bigger and stronger. I think James will benefit from having Snodgrass in the team and in the sqaud. Less pressure on the fella.
LB
Auldheid
11:15 on 30 April, 2014
Will that be the Petrie who was (allegedly) the go between the SFA and Charles Green in the Sevco charde 5 way agreement skullduggery.
Holier than though.
Is the post office shut again?
MWD says Aye Aye
Moonbeams WD. Rooting for Wee Oscar. Voting ‘YES’ on the 18th of September. Kano’s yer man.
Goooooooooooooooooood morning sir :)))
.
Jeezo I’m Paranoid and Sensitive..
But Soo Glad..Summa Cum Laude doesn’t mean what I thought it meant..【ツ】
Well I hope I Now know what it means..
Summa
Ps.. Sammi to Liverpool you heard it first here..
Morning Leftclicktic. (Just) ;-)
Saint Stivs
00:38 on 30 April, 2014
james connolly last family visit recording
deserves a million more hits, and recognition
http://www.youtube.com/watch?v=aUc6_QkkU3k
—–
Thank you for that
iviBhoy – God bless wee Oscar
11:45 on 30 April, 2014
NatKnow – Supporting Wee Oscar
I agree. We are looking at making the squad bigger and stronger. I think James will benefit from having Snodgrass in the team and in the sqaud. Less pressure on the fella.
LB
———————————————-
Yes – Neil has relied on James to bring something creative to the team on a number of occasions and sometimes it has worked well. But the biggest creative influence in the side is Kris as far as I can see. Perhaps having another midfielder capable of a killer pass of mazy run will take some of the load off.
TD
I see someone is wearing the jacket of martyrdom with some relish this morning.
Some nice tunes though.
Winning Captains……………..
some excellent posts of late…much appreciated. Thanks.
………………….As for the other panto spoilsport(s)…………..
Guid riddance………..
Aye.
SoS
great post last night…
KTF
Left click
Probably.
Poacher turned gamekeeper?
bankiebhoy or any other Clydebank bhoys
popped into horse and barges yesterday on way home from a 4 hour hosp app..
first time I’ve been in for years…. shouldn’t have worn my blue shirt… o))
summa cum laude
Summa with praise.
Can`t argue with that.
leftclicktic we are all neil lennon
11:45 on 30 April, 2014
Auldheid
11:15 on 30 April, 2014
Will that be the Petrie who was (allegedly) the go between the SFA and Charles Green in the Sevco charde 5 way agreement skullduggery.
Beat me to it mate,Petrie’s track record of appointing managers is abysmal
!BADA BING!
Aye,but what he lacks in quality,he makes up for in quantity.
Auldheid
11:57 on 30 April, 2014
“Auld nick” himself couldn’t be any worse than Ogilvie “scotlands shame” suits him too(IMHO).
I truly believe that we are seeing wee glimmers of change for the better,
as someone clever than me said “slowly slowly catchy monkey” :)))
“New media” the thing that keeps the blazer brothers awake at night and looking over their shoulder.
Heard Stans coming over for the last game and he is doing great!!
BT…………..
I’m surprised you escaped with yer shirt………….
;)
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS ………Praying for our WEE HERO!
Sorry I couldn’t get back to you last night bud:))
NatKnow – Supporting Wee Oscar
Like I have said previously. Injuries will be a major factor on the squad. We need strength in depth to compete on the domestic and European front.
Will Kris Commons have a season like this season again? I’m not sure he will. He will still be a huge player for us of that there is no doubt. It takes a bit of pressure off him in both goal scoring and creation with the addition of Griffiths already and the goals he is scoring and creating. It would also allow him to take a rest in games if he is struggling with a knock.
It would appear that Derk Boerrritger and Aimdo Balde are not up to it. I suspect Balde may be sent out on loan as he has been described as a project from the day he signed so that project can;t be discounted after one season. He will however learn nothing from a handful of sub appearances a season and playing full matches at a lower level will help his development and also give Celtic a chance to see him playing and decide if he has a future.
Derk Boerritger would be the best player in the league if he was able to play as good as he talks. He loves the media. He is never out the papers. I have seen nothing from this guy to think he will make it at Celtic. He is not brave enough or good enough. Deboer called him an injury prone player and he has be proven spot on so far. I’m not sure he is worth keeping and I doubt we will get half the money back we paid for him. I would love to be proven wrong but my guy instinct is the guy won;t make it in the Hoops. If we can get £1.5m for him I would grab it.
Pukki looks like he has something. A smile would be a good start though. The lad never seems to be happy. Will he make it? The jury is out. Not usually one to encourage players to have a pint but Pukki is certainly one that looks like he could benefit from a ‘team bonding’ session. Is he one of football’s prospets who never really fulfills his potential? Clubs rate this boy. He has been at some fairly big clubs but never lasts long. I don’t think he gets Celtic yet. Maybe attending a few CSC events will make him realise that the fans want him to do well and they are behind him. Maybe he just needs a pre-season. Pukki is a player. No doubt about that. He just needs to have some of the belief that Boerritger has and he would produce the good regularly.
I think if Celtic get Snodgrass it is a statement of intent. Celtic got last sumer all wrong. We let our spine go and in my opinion didn’t release the funds to the manager or didn’t allow him to get his No1 targets. With the money Neil Lennon has made for Celtic through CL monies and transfer fees he should have at least been able to get more of his No1 targets than VVD who looks the part. We have not secured any Bosman signings which in itself is interesting. It has been an avenue we have been strong in for a few years but as yet we have not secured anyone through this route for next season. There is still time to get Bosman players in and I am sure the club are working on numerous targets.
The lessons need to be learned from last season. We need to bring in quality who can start in the first team if required. I think Snodgrass ticks that box. We can not afford to have £1m+ players on the bench for a whole season and not delivering when they get the chance on the field.
I don’t mind anyone making mistakes in life. Learning from them is the key though. Making the same mistakes again and again is foolishness.
LB
LEFTCLICKTIC
Not at all,mate. As soon as it had rung a coupla times,I realised where you were. Sorry about that.
.
BT..
Thanks Buddi..
The memory of St Pauli and that was when the Badge thing started only came back to me in the Last week..
Funny how we can remember life events through Celtic games..
Plus again l prove I’m a Jinx as after l leave the Country we Sign Henrik then Stop 10 in a Row.. Ha..
Hope Yir Guid..
SaS Sammi and Suarez..【ツ】
SFTB
At least I am me and have been me since I came on here call it or me what you want. But one thing I can’t be called is a snitch, or a grass, or a tattle tell, or a teachers pet ( no chance of that) I hope they feel proud of them selfs, so as I said be carefully the thing about these people is they put everyone under suspicion, I don’t know who they are so I don’t have a problem calling them cowards and liars, there are two sides to every story, and my side is open, will they put there hands up? I doubt it, martyr? Because I was grassed, na, I thought I was dealing with men in here, seems I wasent, yes the tune are good and appropriate for the mood in, disappointed in more ways than one, thought maybe jp67 would have listened to my side of the story, but it’s his rules now I know how he flys, fair enough……well not really.
Good morning, Worm your honor.
The crown will plainly show
The prisoner who now stands before you
Was caught red-handed showing feelings
Showing feelings of an almost human nature;
This will not do.
Call the schoolmaster!
I always said he’d come to no good
In the end your honor.
If they’d let me have my way I could
Have flayed him into shape.
But my hands were tied,
The bleeding hearts and artists
Let him get away with murder.
Let me hammer him today?
Crazy,
Toys in the attic he is crazy,
Truly gone fishing.
They must have taken his marbles away.
Crazy, toys in the attic he is crazy.
You little shit you’re in it now,
I hope they throw away the key.
You should have talked to me less often
Than you did, but no! You had to go
Your own way, have you broken any
Homes up lately?
Just five minutes, Worm your honor,
Him and Me, alone.
Baaaaaaaaaabe!
Come to mother baby, let me hold you
In my arms.
M’lud I never wanted him to
Get in any trouble.
Why’d he ever have to leave me?
Worm, your honor, let me take him home.
Crazy,
Over the rainbow, he is crazy,
Bars in the window.
There must have been a door there in the wall
When I came in.
Crazy, over the rainbow, he is crazy.
The evidence before the court is
Incontrovertible, there’s no need for
The jury to retire.
In all my years of judging
I have never heard before
Of someone more deserving
Of the full penalty of law.
The way you made them suffer,
Your exquisite wife and mother,
Fills me with the urge to defecate!
“Hey Judge! Shit on him!”
Since, my friend, you have revealed your
Deepest fear,
I sentence you to be exposed before
Your peers.
Tear down the wall!
This is how .the Evening Times described the sevco hooligan support on Monday night, and this rflects what we are up against……
“the vocal Light Blue legions ” …….. Bless them…!!
I unfortunately think Celtic will repeat there performance in the transfer market of the last two seasons and that we will be scrambling around still looking for players as the transfer window is closing.I think depending on who leaves we may only need a couple of quality players to improve the team. H.H.
TONYDONNELLY
Did you break the blog?
Personally,the only time I’ve contacted PAUL67 about a post was to apologise for one of my own,and request its removal. IMO,if you disagree with someone on the blog,reply on the blog.
When it gets personal,it can get ugly and over the top. Best avoided,but few of us are without sin in that regard.
As for wearing hairshirts or sackcloth and ashes,not for me. Each to their own. But I doubt you will find out who reported you,so I wouldn’t bother about it. Not much you can do.
RANGERS have caved in to pressure from a fan in a desperate bid to avoid a second police probe.
Shareholder Billy Paterson took the club to task after they initially refused his legal right to inspect the contracts of existing and past directors. Paterson, 49, arrived at Ibrox on Monday afternoon to make the request under Section 229 of the Companies Act 2006 amid growing concern at the financial state of the club.
He was forced to contact police and claim the law had been broken when a club official rejected his request to study the contracts of key officials, including chief executive Graham Wallace and chairman David Somers.
She cited advice from the club’s legal department but Rangers made a dramatic U-turn yesterday and have promised to open the books.
Now Paterson, from Fraserburgh, will be allowed to study contract details of current directors, as well as those employed by the club within the last 12 months. They are likely to include salaries, benefits and details of any bonus schemes.
He said: “I didn’t expect such a blatant refusal and was disturbed to be told it was on legal advice. If that’s the case, Rangers should change their legal advisors.
“I was angry at being treated with contempt. The Rangers board may think they’re above the law but they’re not. This was as brutal a breach of the Companies Act as you could get.”
Paterson fired off emails to key Rangers officials, including Wallace and Somers, and representatives of nominated advisors Daniel Stewart on Monday expressing his disgust.
He also contacted Police Scotland, who confirmed his correspondence, as a breach of Section 229 of the Companies Act is a potential criminal offence, punishable by a fine of up to £1000.
Rangers backed down yesterday afternoon when Keith Anderson, legal counsel to the club, contacted Paterson.
Anderson said: “I can confirm arrangements will shortly be made for you to inspect the service contracts (as allowed by the Companies Acts) at a mutually convenient time.”
Paterson said: “I’ve been concerned at the actions of the board for several months and reports Mr Wallace could earn a 100 per cent bonus were the final straw.”
Paterson asked to see the service contracts of existing directors Wallace, Somers, James Easdale and Norman Crighton.
Under Section 229 he also asked to see the service contract of Sandy Easdale with the Companies Act allowing him to request the contracts of former chief executives Charles Green, Craig Mather and ex-finance boss Brian Stockbridge.
Police Scotland have confirmed they are still investigating after Phil Maher, another shareholder, alleged Wallace misled fans at December’s agm over the club’s financial position.
Bhoys
Does anyone have Taggsybhoys email address?
Thanks HH
TD67
I would like to make a point that despite our many, many disagreements that I played no part in reporting you to Paul67.
Anyone who knows me will tell you, if I have something to say I’ll say it and it wouldn’t be behind someone’s back.
I remember my yellow vividly. Celtic pensioners across the whole of the West of Scotland hurriedly deleting their secret porn stashes :-)
HH