When directors and creditors are one and the same

1069

Thanks to everyone who contributed questions for the Forum last night.  It was an open, frank and productive meeting.  Draft minutes will be distributed to attendees to be checked for accuracy before being formalised, after which the meeting’s outcomes will be made public through various outlets.

One thing which is evident, and goes largely unacknowledged, is the significant contribution made by Auldheid in building the channels needed for constructive dialogue between the club and supporters.  Well done, Pat.

I see Neil Lennon in the news being “flattered” after Norwich City chief exec, and former Celtic commercial director, David McNally, told the media he believed it only prudent he keeps an eye open for a new manager, should Chris Hughton ‘leave’.  Neil answered well, refused to comment on a job which is already filled, while setting a standard answer, suitable whether he was interested or not.  There is no point firmly denying interest in a job as a subsequent refusal to do so for a different position would leave too much information on the table.

McNally is right, it is only prudent you keep an eye on these things, but can you imagine how Hughton feels when reading this stuff, or what the resulting speculation will do to the club’s relegation chances?  There is now far too much information on the table now for Hughton to be effective.

A football manager needs authority and respect, Houghton has been denied both.  Norwich should do the decent thing and pay the man his contract before they sleepwalk into the lower leagues.

It’s funny how different people read the same thing in different ways.  An announcement that a club is in discussions with a couple of existing shareholders to borrow money to provide working capital is self-explanatory in most respects.

The announcement by Newco Rangers this morning establishes that the club needs a fresh injection of money to pay its bills.  We all knew this, but the sharp-eyed will also have noted that this loan will create the club’s two major creditors.  No bank will lend to Newco, their creditors will be limited to trade suppliers, HMRC and other football clubs, all pretty low values.  This £1.5m loan is likely to give the lenders sufficient control to vote through anything they desire, should administration occur.  The controlling directors and creditors will be one and the same.

Newco Rangers has been rag-dolled since its inception by various pressure groups within the broader family who seem determined to stamp on whatever green shoots of recovery exist.  What it really needs is the kind of strong leadership this directors-creditors group can provide, leaders who will do the right thing, take the necessary medicine and stand firm against the quislings.  While others tried to get the club for free, they paid their money, continue to do so, and deserve the chance to run their club as they see fit.  For what it’s worth I think the club and its current controllers are a perfect fit.  I hope they use their largest creditor status to protect their interests.

Congratulations to STV’s Peter Smith (aged 12 ½), who scooped the Royal Television Society’s Young Talent of the Year award, achieved partly because he was prepared and able to ask hard questions, when many of his elder peers would rather eat their own toe nails.  He’s still not uncovered that Dallas Cowboys email, so more work still to be done.

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  1. Corkcelt.

     

     

    at 17.42

     

     

    Thanks ,wance mair ,fur the Update ..

     

     

    So that means??

     

     

    We kin expect that.. “Appopin’ Poppin’ Sound. that Ah spoke aboot,in ma Last

     

    Submission .tae begin tae ..well.. Pop.. a Loat Sooner!

     

     

    Right?

     

     

    Thanks agin, Pally, fur gien Me a wee Slice o’ yer Valuable Time.

     

     

    Ah Appreciate it.

     

     

    n..

     

    Ah like ye . Aloater.

     

     

    Kojo

     

    Still,Laughin.

  2. ernie lynch @ 17:53 on 20 February, 2014

     

     

     

    “It is said that he (Neil Patey) is one of us and can be seen at most home games.”

     

     

    OK that makes him a fhud rather than a fud when talking finance and sevco.

  3. Lee Wallace on the Easyjet flight back from Gatwick this afternoon with a large bag, perhaps it was stuffed with the £1.5M loan.

  4. Do all Protestant countries abhor Catholics or is it just Scotland and parts of America?

     

    Whatever the answer, why?

  5. billy bhoy 05

     

     

    17:21 on 20 February, 2014

     

    Livinhoy

     

     

    Re: Ledley you’re are spot on. He didn’t have to go as there was an offer on the table and had been for a while. IMO Celtic don’t come out of this well as he should have been signed up regardless of cost and punted. They would easily have got £6/ 7M for him. Instead I would wager he got a seven figure signing on fee

     

    ————————————————–

     

    Your right, Ledley didn’t have to go, but for him to come out and say that he told some of his team mates he was going to sign again then A WEEK later he is sold, on the last day of the window I think, why didn’t he sign when he told his pals? He obviously didn’t tell Lenny or anyone at the club who has anything to do with contracts. If the club really wanted rid of him they wouldn’t have offered an extension. In the circumstances, having no indication of the player signing then leaving for nothing the club cashed in.

     

    Personally I think Ledley has shown himself up here by inferring he pushed. He could still have refused the move and signed the contract extension if he really wanted to stay.

  6. Steinreignedsupreme on

    Gordon Dalziel: “I’m not sure admonishment is a probability at Rangers.

     

     

    “Now that this funding has come along it should help stave off the threat of involuntary.”

  7. A Fiver Fur Yer Thoughts..

     

     

     

    Hiya. Pally?

     

     

    Nice tae Chat wi ye..

     

     

    Yep.. Broonie hiz bin oan the Gravy Train..Long Enuff..

     

     

    When He first Came .. Ah knew at the time that Strachan, hid saddled us wi a Bum Steer..

     

     

    A Record Scottish Transfer fur a Guy who Jist Ran aboot..Park, a Loat Mair. than the Average Guy…accomplishin.. well.. No Much.

     

     

    That aboot summed up Ma Impression o.. Broonie.. at the Time.

     

     

    Ah wiz right.. Fur Broonie Continued tae Run Aboot the Park.

     

     

    wi . Us.. Fur .. Four Years…n.. yes.. Accomplishing,well..No Much..’

     

     

    Eventually, He Did Begin tae Play a wee bit Bettah.. During the Last. Two Years..

     

     

    Howevahhhhhhh..

     

     

    His Wages ur Far too Much .. fur a guy, who is only Starting noo tae Get the Hang of How tae Play the Game.. as he is Noo ..

     

     

    N Soon. tae be oan the Doon Hill Part of his Career.

     

     

    So Fur Us tae Renew his Contract.. at even a Few BoaB… Less, than he is Getting the Noo..

     

     

    Wid be as Daft as us Buyin.. well.. A Hundred Shares in Sevco, the Morra!

     

     

     

    Nice ,chatting .. Pally.

     

     

    Kojo

     

    Still,Laughin’

  8. Bowie’s been busy re-writing his lyrics:-

     

     

     

    Salmy played Heidbam, parlied good with a Wierd Guy and a Girly,

     

    And The MSPs from Mars.

     

    He played it left wing, but took it too far,

     

    Became the Indy man,

     

    Then we were Salmond’s Band.

     

     

    Salmy really speeched, screwed up eyes and windswept hairdo

     

    Like summat the cat just dragged in,

     

    he could lick ’em by smarming

     

    He could leave ’em to hang

     

    Here came on so loaded man, spoke dung and a peely-wally tan.

     

     

    So where were the SNP while George Osborne tried to break our balls?

     

    Just some wee scheidt to guide us.

     

    So we bitched about his bloat and should we crush his Yes Vote?

     

     

    Salmy played for time, jiving us that we were Oil rich

     

    The english just crass,

     

    He was the naz

     

    When he spoke out his ass

     

    He took it all too far

     

    But boy could he appoint a Czar

     

     

    Making love to his ego Salmy sucked up into his mind

     

    Like a Tartan messiah

     

    When the No Vote killed the man

     

    I had lost my attention span

     

     

    Salmy played bizarre

  9. “Now they’re staying up the chimney

     

    And we’re living on caviar and honey (hooray!)

     

    Cause they’re earning me lots of money

     

    Writing comedy prose for radio shows (SSB)

     

    It’s the-er (what?)

     

    It’s the Gnome service of course”………..

     

     

    Lyrics by Jackanory Irvine.

  10. leftclicktic We are all Neil Lennon on

    Steinreignedsupreme

     

    “Wan brain cell” Dalzielreading of a script again

  11. Frank Ryan's Whiskey on

    That will be wee Alex’s plan shot to tatters then, ZIGGY says just say no.

     

     

    Wee Alex was last seen shaking his head whilst muttering to himself “Wur Doomed, Entombed & Marooned”

     

     

     

    Altogether now

     

     

    Ha ha ha, hee hee hee

     

    “I’m a laughing Gnome and you can’t catch me”

  12. Jungle Jim – what a question. It demands a book not a few lines. A combination of henry 8th plus the scottish reformation is the answer – in the US its kinda the same – though some of the more bizzare religions there are far to complex for me to comprehend.

     

     

    Oh and a hatred of the irish in scotland that amazingly has been allowed to persist.

  13. Frank Ryan's Whiskey on

    BobbyRussell

     

     

     

     

    18:25 on

     

     

    20 February, 2014

     

     

     

     

    Ha Ha Ha

     

    He He He

     

    A`hm the fatbastard

     

    in Greggsc bakeree

     

     

     

    lol

  14. minx1888 praying for Wee Oscar on

    Evening Jobo

     

     

    Standing at the station train cancelled but reading the blog fair passed the time with a few laughs!

     

     

    You’re all Heros in this plaice today

  15. NegAnon

     

    I asked because I find the underlying reaction to Catholicism in certain places a rather strange phenomenon. Does the same feeling exist towards other religions in predominantly Catholic countries?

     

    Not too important to comment on these posts. It was just something I read which made me think about it.

     

     

    JJ

  16. did Bowie ever cover ……‘Salmon chanted evening’ ……………

     

     

    seewhatahookedyouintaethereCFC

     

     

    braw this Huntertainment ….

  17. GlassTwoThirdsFull on

    So Joe Ledley was just about to sign his new contract from Celtic on 31st January when it had been given to him on the 15th of November? Hmmmmm…….

  18. Kilbowie Kelt will vote YES on

    Kojo,

     

     

    ‘ N.. Fur.. Six years? Ah hiv bin “Holding Man Nose”.. n Acceptin his Presence.. especially in his Capacity as Captain of the Mighty Celtic..’

     

     

    Do you know something ?

     

    While you are holding your nose about Broonie, I am nearly vomitting that somebody who has posted the most INHUMAN things that YOU HAVE on CQN is still allowed to post on this site.

     

     

    If you have forgotten the obscene things you posted , I will happily remind you.

     

     

    Scott Brown is a hard working Celtic player,.. our captain, who gives his EVERYTHING for Celtic.

     

     

    YOU , on the other hand…. know as much about Celtic as I know about nuclear physics.

     

     

    You are one sick old attention seeker.

     

     

    Maybe I have not made myself clear enough….

  19. Wull we see..

     

     

    The Fridge.. oan the Bench …this Saturday?

     

     

    Ah hope so..

     

     

    collie’s cuzzins..

     

     

    Say…that The Fridge is.. Turnin oot tae be.. a… A Cool Cat.

     

     

    Neil, may gie him a run oot..late in the Game… if … We are Beatin’ up the Herts,as much ,as Ah expect we wull be daeing, oan Seterday.

     

     

    Dare Ah hope??

     

     

    Kojo

     

    Still,Laughin

  20. Re Joe Ledley – I spoke to him about an hour after the recent Kilmarnock game and he said he wanted to stay and would speak to the gaffer the next day. He also said he was scheduled to see Peter on Friday ie day the window closed. Reckon we were offering lower wages and Palace were offering more. If Celtic wanted him to stay he’d still be here.

  21. GlassTwoThirdsFull on

    winning captains 18:37 on 20 February, 2014

     

    Re Joe Ledley –. If Celtic wanted him to stay he’d still be here.

     

     

    Would it be unfair to say that if HE had wanted to stay he’d still be here?

  22. If Joe Ledley had wanted to stay, he’d have stayed regardless of Celtic having accepted an offer. His choice was to hope on the shuttle, he’s either being economical with the truth or the story is spun, and old news.

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