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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Re the taking of rosary beads to the game being banned according to earlier posts as it may be used as a strangulation device……what about scarfs….belts….bizarre to say the least….
Kikinthenakas
Billy bhoy 05
Most folk take a minder when they go to meet BMCUW. You take a bloody SNP MSP :-)
If Sevco do lose points next season and The Snowman is still in charge,they have no chance of coming up.Cue, hastily arranged League Re-construction for season 2015-16.
awe_naw_no_annoni_oan_anaw_noo
19:24 on 29 April, 2014
Last one for googybhoy oops
Got it
HT
Indeed a real wee trooper. A hero all day long. Feeding time now. For me, not ra burrrs. :-)))
Weefra HH supporting and praying for Wee Oscar.
What are we predicting tonight Bhoys?
I got Bayern 3-1
Weefra
The pleasure was mines
This week might be going in earlier for the celebrations for the grandkids , although in saying that the wee feckers went mental in the back of the car on the way home fighting each other , the wee yin claiming a moral victory , but am only three papa he’s six a beetum a beetum , jeez couldnae wait to drop them off with their mother haha
Thanks lads
awe_naw_no_annoni_oan_anaw_noo
19:20 on 29 April, 2014
clashcitybhoy
19:18 on29 April, 2014
First thing St. Martin did was get rid of mooth
HH
—–
Really ?
Not going to reveal my source on that one, except to say source is still at CP every week
Bayern 2-0
googybhoy- can’t call it either way tbh.HH
clashcitybhoy
19:35 on29 April, 2014
I thought you were on about Burley
HH
HT
Just seen the Wee Oscar pic. Humbling indeed!
https://twitter.com/Wee_Oscar/status/461198755359121408/photo/1
HH
CRC
2.1 tonight I reckon.
HH
googybhoy
2-1 Bayern or 2-2
1-0 Madrid
HH
CRC
marspapa @ 19:10 on 29 April, 2014
The closest i got to further education , my uncle was the janny at Jordanhill college, he was character and a half , great guy :))
Marspapa, was that wee Monty?
What was alan mcmanus thinkin wen he decided to wear them trousers
@bacchiniBhoy
Presumably, you are talking about an 8-0 win over Aberdeen at our place in January 1965.
Yes, I had a reasonable game that day – I scored five goals! If I remember properly, I was up against a right-back by the name of Ally Shewan. He was a rough and tumble defender, but I knew I could always beat him for pace. It was a flint-hard surface, but I was wearing good old-fashioned sandshoes and tucked five behind their keeper, a bloke called John Ogston. Happy days.
Not sure about the Morton game. Can’t recall anything special in matches against them in 1969.
@Hamiltontim, thanks for the good wishes.
@BMCUWP, It’s a right good read. Honest!
@Lennybhoy, It’ll be worth every penny!
Right, folks, that’s me off to Munich for the big game!
Are the players in Munich at a disco?
Sorry club.
Awe Naw,
I can assure you the source was impeccable.
However Burley is a ****
Still annoys me to this day, the way he spoke about Dr Jo.
Also worth remembering a trail of poor relationships – Gullit, Dr Jo, Barnes, Vogts -not saying all of them have my admiration, but there is a trend, and of course there is his relationship with Celtic fans
Hope Bayerca Munich do it tonight . 3 – 1 nerve jangler
Bayern : Real 0:0.
That’s what I’ve just bet Mr z.
Well the draw anyway.
Tough to call.
no excuses
19:44 on 29 April, 2014
Hope Bayerca Munich do it tonight . 3 – 1 nerve jangler
That is where my £2 is at 12/1
A wee request for information from any of our German-based Bhoys.
My mate and I are planning a wee trip over to Germany to take in a Bundesliga game. Are there any grounds thart are easier to get tickets for than others? We’re in East Kilbride so flying from Prestwick, Glasgow or Edinburgh is no big deal if it depends on flights into/near cities. It would be around September/October by the way.
Thanks in advance.
celticrollercoaster luvs his luminious lime boots
19:41 on 29 April, 2014
1-0 Madrid
——–
It’s still 0:0 on my TV ?
clashcitybhoy
19:43 on29 April, 2014
He played well for us but a legend in his own mind. He will be remembered as the bleached haired moron that got sent off against Morroco. And look I did not swear when talking about him ?
HH
The Rangers directors/finance dept wouldnt know the difference between John Daly and Arfur Daly. So they’d surely have consulted Snowman to see if he was worth around 300k per annum. He’d have been on about 75k at Tannadice, tops 100.
But no, its never Ally’s fault according to DL.
Nice to see game in HD on STV – ch 178 on Sky
Just got a message from Yogi to say he’ll be on CQN in the morning to talk about the two games mentioned earlier.
Looking for some younger supporters to help us distribute the new CQN UPDATE before the match on Saturday. £20 for a few hours.
CQN UPDATE is the new printed supplement to CQN Magazine which is out this week. We want to reach the Celtic supporters who get their football news from the red tops.
We have Leigh Griffiths on the cover and point out the recent news placement is blatantly anti – Celtic.
Never has it been more important to make this point. Paul has more news to come this week on our Nasty Neighbours and today told us that King has Traynor manipulating the press for their coup d’état – expect them lining up to kick the Sevco board and it all to happen very, very soon. Fun and games later this week!
We know King is obsessed with Celtic and that Traynor is a master of the dark arts. So expect to see another story which is anti Celtic and designed to weaken and divide us. Lenny for England on their back page this weekend????
Anyone up for distributing the free of charge CQN UPDATE email david@cqnmagazine.com – living wage hourly rate too!
Also supporters buses – can we get some people to hand out on the buses on the way home? Collect a bundle from infront of Pools Office….
https://twitter.com/Hoopdog1888/status/461185336425857024/photo/1
emeraldbee\o/ proud to be an internetbam pot
19:46 on
Pick a list of cities. Say 5 you want to visit and I will make some calls and get back to you. We have time and then you can decide what you want to do. It’s difficult to predict form don’t forget.
HH
Emeraldbee
No im afraid , his name was Eddie stayed in the barracks in maryhill , we’re talking back in the 60’s / 70’s
marspapa@1930
Haha aren’t they just brilliant at that age. Unfortunately mine are all grown up now, well except for my granddaughter, who lives in Finland. Enjoy while you can. :-))
Weefra HH supporting and praying for Wee Oscar.
Aw Naw, that’s brill, will do. The actual city/team isn’t that important, we just want to try something different.
HT
Did that link not work???
Weefra HH supporting and praying for Wee Oscar.
A few tickets left for the CSA night this Friday, £30 per person, if interested let me know.
doccqte@gmail.com
Hope to see you there.