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.

If you would like to read the new CQN Magazine, GO HERE to read properly, and for FREE, the graphic below is just a taster.
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  1. thomthethim for Oscar OK on

    I have a suspicion that Neil is changing the style of the team.

     

    This will, I hope, mean a more direct, fluent style, with Johansen and Grifith being central to this.

     

     

    This would mean that both Joe and Sammi would be superfluous .

     

     

    Hope so, anyway.

  2. Kilbowie Kelt

     

     

    Well.

     

     

    How dae Ah respond tae such a Diatribe?

     

     

    Very.. Carefully????. Ah wid .. Hazard a guess..

     

     

    So…. Ah wull.

     

     

    Ah wullnae Attack You, as You hiv Me…. Ah wull ,Instead, try tae Edicate Ye..

     

     

    Fur..Ye are Needing a bitta That..

     

     

     

    Firstly..

     

     

    Ye shouldnae get so Upset. It is No good Fur Ye..

     

     

    at Your Age n Awe..

     

     

    Ask yer Mammy.. She Wull tell ye..

     

     

    Secondly..

     

     

    Every … Tom , Dick .. Sally or.. Kilbowie Kelt.’

     

     

    who Elects tae Submit a Thought. .oan thie Esteemed n Saintly Forum

     

     

    IS

     

     

    SEEKING ATTENSHUN!

     

     

    Doncha Know THAT?

     

     

    well.. Ye Dae Noo!

     

     

    It his Bin

     

     

    NO NICE ..

     

     

    Chattin’.. Kid..

     

     

    No a Pleasant Experience ,at At , At Awe..

     

     

    Kojo

     

    Still,Laughin’

  3. A fiver for your thoughts on

    Kilbowie Kelt

     

     

    18.33

     

     

    Broonie gives his all, no question about that, when he pulls the shirt I want him to do well

     

     

    Is he Celtic captain material?

     

     

    Does his style and quality of play add value to our midfield or prevent us being more creative?

  4. GlassTwoThirdsFull on

    Winning Captains

     

     

    Don’t want to labour the point, and I accept you are almost certainly correct re the pay cut. I don’t have a problem with players leaving for more money. But the story seems to be getting spun is that he WAS going to re-sign. I’d rather he’d just been more honest and said he left for more money. I was a Ledley fan by the way and would have liked him to have stayed. Anyway, I guess it is old news now. Cheers.

  5. Winnig Captains.

     

     

    Pal..

     

     

    Ledley, goat the.. ole ..”Heave Ho”…

     

     

    Celtic, gave hiv an offer..

     

     

     

    He wiz.. BOUND. tae Refudse..

     

     

    His Time wuz up. the Cock hid bin Crowin… Fur Months, n Months…in Warning.

     

     

    Wuz Ah the Only wan who Hoid It?

     

     

    Sure Ah wiz..

     

     

    Ah knew the His Bell Wiz Getting awe set.. tae . well. Toll.

     

     

    Kojo

     

    Still,Laughin

  6. A Ceiler Gonof Rust Dancing in the Moonlight with Annabel Goldie on

    Tut tut tut, wee Rhona on reporting scotland talking about “rangers” going into administration again. Someone should take her aside and give her a damn good spanking.

  7. was it Bowie who famously refused an injection for pain relief at the dentist as he wanted to transcend dental medication…………….

  8. winning

     

     

    It’s just that MSM wash awash with the pay cut rumours for months with Ledley and Samaras, it’s all made up stuff, unless you are party to private Celtic contractural negotiations, it’s guessing.

  9. Steinreignedsupreme on

    David Murray: “For every fiver you spend for your thoughts, I’ll spend a tenner for mine.

     

     

    “But let me just make a quick call to the bank first.”

  10. Bhoylo83

     

    18:57 on

     

    20 February, 2014

     

    Neustadt

     

     

    Shudnt that be….”put on your brown brogues….”

     

     

    B-)

     

    ………………………………..

     

    aye that works Braw….. :)

  11. Some thoughts from Russian colleagues and friends regarding Ukraine:

     

     

    General concensus is that the EU are using Ukraine for the resources and that the people won’t be wanted in European countries. Moreover, they can try their luck but they will probably come running back to Russia eventually. General disbelief that the West is supporting the anti-government protesters; many of whom are anti-semitic fascists who could wreak havoc.

     

     

    Well, perhaps that gives another angle for those interested in this ongoing tragedy.

     

     

    Goodnight.

  12. Ah nevah,evah Liked .. Ledley…

     

     

    eethur.

     

     

    Agin..He Wiz no a Great Addition tae the Team.

     

     

    He Disappeared ,too Many times..in Too Miny Games..

     

     

    Fur Ma Liking..

     

     

    Sure, he He Turned in Some Good Performances..

     

     

    But ,Ah could Count ’em..Vert Easily.. Withoot. takin Ma Shoes Aff.. Fur Help ,in Keeping.. Coont!

     

     

    Noo…Ah am telling you Folks..

     

     

    Up Front..

     

     

    A LUV. this Knew Kid..

     

     

     

    Steffi.

     

     

    He is the Real Goods..

     

     

     

    We wull Mak a Fortune, from his HIs Transfer ooot.. When It Rolls Aroon..

     

     

    Yep.. This Kid is so Good that he wulll be Doomed tae .. Head fur the Tall N Uncut..

     

     

    in a Coupla Year’s Time..

     

     

     

    Kojo

     

    Still,Laughin

  13. Bournesouprecipe – no MSM input to that spoke to player after his last game – he was man of match and scored – and add a little Cqn insight – that’s about it really. I got impression that his preference was to stay. Water under brigade now though.

  14. ACGR

     

    “Someone should take her aside and give her a damn good spanking.”

     

    That sounds suspiciously like an ACGR fantasy.

     

     

    JJ

  15. Winning captains I hear that Lesley’s love of celtic isn’t false and he was readily willing to stay.

  16. John o’neill one of our companies is I no the Ukraine. I am not surprised at the Russian view. But do you rally believe that?

  17. KoJo my old pal

     

    I do agree re Broonie but when he was at Hibs and playing along side Kevin Thomson, they were both brilliant. It’s funny that when they were split up, neither achieved anything like what they were capable of, oops a preposition ending a sentence, sorry, but you get my drift,

     

    All the bets my ol pal

     

     

    KINGLuBO

  18. Mr Z

     

     

    Hiya,Palomine??

     

     

    WhereYaBin.. ???

     

     

    You know..n Ah know.. But diz the General Public know..???

     

     

    That..

     

     

    Maist of the Protesters agin the Present Ukraine Regime..

     

     

    Ur.. Polish or of Polish Decent..

     

     

    Ah hiv looked fur that Confimation,in the Press.. Withoot.. Success.

     

     

     

    Tell me,Pal..

     

     

    Am A Correct in Claimin ,, well . Whit Ah hiv Revealed???

     

     

     

    Kojo

     

    Still ,Laughin.

  19. A fiver for your thoughts on

    Steinreignsupreme 19.08

     

     

    INDEED, If newco “only” need £1.5M to stay afloat ’till season book renewal why did they not sell during the transfer window?

     

     

    Maybe if they had called Kojo he would have used his fingers and toes instead of a 120 day review

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