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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bobby murdoch’s curled-up winklepickers ………praying for our wee hero!
18:27 on 29 April, 2014
Ye forget about someone….!
Ayrshire is Green and White
john hughes
18:35 on 29 April, 2014
Thank you again for signing a book for me with the personalised message, just got to send winning captains the dosh to receive.
Continued good luck with the book my Celtic Bros.’s
Keep the Faith!
Hail Hail!
The Celtic Way will be officially opened by club legend Billy McNeill and Celtic chairman Ian Bankier, who will be joined by manager Neil Lennon and Celtic players past and present. The ribbon will be cut at 1.15pm so make sure you’re there to witness the historic event and be one of the first to take a stroll up the new walkway.
It’s sure to be a carnival atmosphere as we’ll have plenty of fun to amuse the family. From 12noon there’ll be a number of entertainers at the front of the stadium including a face-painter, balloon artist, stilt-walker, juggler, magician, caricaturist and football freestyler. In addition there’ll be music and our very own Hoopy the Huddle Hound and Hooped Hero, who will once again be bearing gifts.
The facepainter will get paid.
John Hughes
Good luck in all your endeavours.
Hail Hail
Lennybhoy
Na I don’t attend many any more either.
Although if a wee day out is in the offing I could be persuaded to reconsider :-)
BMCUW
Ernie’s gonnae get you, Ernie’s gonnae get you :-)
JOHN HUGHES
Great stuff,bud.
Still waiting for my copy but the reviews are smashing.
No holding back,pretty much the way you played it.
The question is….if a Celtic player lifts a banana off the pitch and eats it, would he receive a yellow card?
Marspapa
Our janny Is a smashing guy. He supports the rotten mob but had given up attending games since all the trials and tribulations began at Ibrox.
Nothing is ever too much trouble and it always brightens my day when I see him, knowing his team died :-)
Good evening all
This wee Hero never stops amazing me…….
@Wee_Oscar: I got back on my feet and walked 20 metres today, everyone was SO proud of me! I never give up #TeamOscar http://t.co/ftgtAq5BvN
Weefra HH supporting Wee Oscar.
If You are using Windows XP…
Read this:http://www.businessinsider.com/internet-explorer-security-bug-2014-4#!Gn1fm
Kojo
Weefra
That’s great news I’m ill just now (not serious) and that’s perked me up.
How’s about this ,
Celtic do the business on Porto in Seville
Mourinho departs the scene
Porto don’t win Cl
Therefore we are spared all this “Special One” sh@t
Bada I had a wee chuckle at that when I read it yesterday:)
Then Bsr put the Kevin bridges skit. Brilliant.
Re Ewing Grahame
It was Ewing who broke the story on Martin O Neill coming to CP
It was Ewing who was first to print an actual copy of a redacted EBT
HT
The closest i got to further education , my uncle was the janny at Jordanhill college, he was character and a half , great guy :))
John Hughes
Thanks for letting us know and I hope your book brings much pleasure to you as it will others and that there is no pressure associtated with doing these activities for you.
Hail Hail
BCW
You look after yourself and get yersell better fur the friday night quiz. :-))
Weefra HH supporting and praying for Wee Oscar.
Bmcuw
A lovely afternoon we had and I agree Campbell Martin gave you a wee doing on the referendum debate. I will definitely get your malt whisky for you by the weekend.
Hail Hail
Clashcitybhoy 19:09
Wasn’t he also the only one to write about the plan for clubs going into admin to be relegated getting scrapped.
Weefra
Nice one , good to get a wee lift as it has been difficult at times in here with fellow posters sufferings , a giant step for the kid long may it continue :))
Hamiltontim
Paul Davis forgives you for leaving early :o)
!!Bada Bing!! 18:55 on 29 April, 2014
The facepainter will get paid. :o)
Swally:
“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.”
Primo:
Liquidation is spelt “l-i-q-u-i-d-a-t-i-o-n” not “a-d-m-i-n-i-s-t-r-a-t-i-o-n”.
Secondo:
The £40m worth of players did not prevent catastrophic losses to Maribor and Malmo that accelerated the descent into the eventual “l-i-q-u-i-d-a-t-i-o-n” of RFC.
Tertio:
Do you honestly think anybody believes a single word that comes out your mouth, honestly?
RIP Anne McGuire teacher from Leeds tragically stabbed at school,
http://www.irishpost.co.uk/news/leeds-irish-community-mourning-death-stabbed-teacher-ann-maguire
Weefra
It’s given me some more Internet time to compile the quiz….. every cloud has a silver lining suppose.
BCW
Hope your back to your best soon ;))
Kojo…
Don’t Worry….!
NaeBody Is Gonnae Post That Picture Of You….
Snatched Fae Yer Hacked VideoCam….
Did Ye Know That Yon Kilbowie Kelt…..
Posts In His Birthday Suit?
ThingsYeWishYeNevahKnew CSC
Glasstwothirdsfull
Don’t know.
I do know he was tipped off about the O’Neill story from within our club, ” looked after” were the words quoted
marspapa
Indeed. I hope it gives everyone, who is having health, or any other problems or issues, a real lift. He really is a wee Gem who we should treasure. :-)) Nice to meet you at the ole gazebo on sunday. I’ll be there again this week. :-))
Weefra HH supporting and praying for Wee Oscar.
Bada et all
Was at CP today and posted some photos on Facebook…..it’s looking great and should be a fantastic addition to the entrance and surrounding area…unfortunately I won’t be there on Saturday as I am heading to Vinaros for a week of culture….
Kikinthenakas
clashcitybhoy
19:18 on29 April, 2014
First thing St. Martin did was get rid of mooth
HH
syd negakev
19:00 on 29 April, 2014
The question is….if a Celtic player lifts a banana off the pitch and eats it, would he receive a yellow card?
Only if it was VVD against Sevco. Especially if he did it in an agressive manner.
BCW
Nae wonder ah don’t attempt it. Even less chance noo. Hahahaha.
Weefra HH supporting and praying for Wee Oscar.
clashcitybhoy
19:18 on29 April, 2014
If tha banana had a smattering of Tuna and the player is not pregnant then instant red card and 5 match ban ;-)
HH
Big Cup Winners
Hope you get well soon and I look forward to your Friday night quiz
kikinthenakas- seen a few pics on here ,looks really smart.HH
Last one for googybhoy oops
billy bhoy 05
I hope you never led oor boaby astray today? As if??? :-))
Weefra HH supporting and praying for Wee Oscar.
WeeFra
Just saw wee Oscar’s picture on Twitter.
Jings what an incredibly brave little boy he is.
kikinthenakas
19:19 on 29 April, 2014
Good to see you back in here.
Will check out your FB pics.