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. jude2005 is Neil Lennon \o/ on

    Was interesting to see Liverpool are helping young players who havnt made the grade in football will help them go on to coaching side!!

     

     

    I think this is a terrific idea and will help stop young boys being dumped that can have a soul destroying effect on some of these boys.

  2. Marrakesh Express on

    Spoke to some Germans in my work today, Mainz and Dortmund fans, and to my pleasant surprise they knew all about the death of Rfc 1872.

  3. paolosboots FC before PLC on

    Doc next idea could be worst team of the decade but I know you guys are having to put in alot of effort so thanks. Is it true youve overtaken crc on the badge front :-)

  4. BMCUW

     

     

    D just blew you a kiss, wtf, :-)) talk later bud. Night night.

     

     

    Weefra HH supporting Wee Oscar.

  5. a light insanity on

    I seem to drift in and out of politics. I am watching Question Time just now and realise that the game is up. We have liblabtorysnp talking selfism – wonderful.

     

    Anarchy for the U.K please.

  6. The Exiled Tim

     

     

    The wee fella would get in no problem oor bus usually gets there at 12.30 you will probably not get a table, we usually end up with wan a them wee barrel tables.

  7. Back home tonight and my wife was telling me that the scottish government children’s bill. Apparently this bill, amongst other laudable aims will appoint a state guardian oveR every child in Scotland. This remarkable concept threatens the rights of parents to look after their children without interference from the state.

     

     

    Note only is this reminiscint of the OBF act but on a wider and far more frightening scale buts it’s incredibly sinister. The scottish parliament has now officially gone mad. Now I find myself as bedfellows of some mad religious groups but they are right.

     

     

    H

     

    Who the hell are these these guardians and what the hell do they know about our children?

     

     

    Is this the future of an independent Scotland?

  8. Paolosboots, I spent 3 hours updating the DT lists tonight, so guess what you can do with the worst team idea!:-) still 50 teams to add, and counting, but keep them coming.

     

    It all adds to the event and the very worthy cause.

  9. GlassTwoThirdsFull on

    ACGR 23:07

     

    It’s probably our level right now. We over-achieved last season and under-achieved this season. We averaged 6.5 points over the two years, which would normally get third place and Europa. And as you say, it keeps the season more interesting for longer, especially if the domestic cups have fallen by the wayside.

     

    Then – with a couple of seasons ranking points – whoosh, watch us go in the CL :-)

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

    Right ya dopey fucker. Haud oan a minute. I,ve got the 10th on my calendar down as the hootenanny. I must have been spacex oot the seventeen times we talked about it.

     

     

    Ha ha

     

     

    I need a PA. I wonder what Annabel’s doing these days, the wee sex kitten that she is.

  11. tommytwiststommyturns on

    TET – by that time, it would be a one out/one in policy! If he’s serious about going to the Kerrydale, then he’ll have to be early. I believe the club are planning on rolling the pub idea out to other parts of the stadium, but that will be next season at the earliest.

     

     

    GTTF – I was absolutely gutted that we didn’t manage 3rd place in the CL group. A prolonged EL campaign would have provided many benefits to the club. In contrast to the current apathy surrounding the Hoops!

     

     

    T4

  12. Can anyone imagine a circumstance where Celtic needed a 120 day review( that’s 4 months to you or I) to do a business review ?

     

    In the real world I worked in for many years that would have been deemed ridiculous. Dearie me, Facebook took less time to consider investing B$16 on WhatsApp.

     

     

    Had this been Celtic the journos in the SMSM would have been falling over each other ridiculing us about our tardiness/indecision. For the Huns of course Wallace is a great CEO with a fantastic track record nobody can tell us about in any depth. Anyone thought to ask yet why he was unemployed for almost 10 months and what exactly makes him so fantastic?

     

    Seriously, the Scottish media regularly disgrace even themselves on an ongoing basis sucking up to Rangers.

     

    I bless myself regularly that I was born a Tim.

  13. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........FC not PLC on

    TOMMYTWISTSTOMMYTURNS

     

     

    Life outside CQN,how long did it take you to adjust?

     

     

    I know what you mean about some of it recently,but take the rough wi the smooth.

     

     

    There have always been insults flying about on here-at least from when I started,coincidently-but usually they were barbed though subtle. Maybe not so funny now though. More leadpipe than rapier.

     

     

    And I missed it all wi work,pure raging!

     

     

    Off to The Gold Cup on CQTEN Day wi PEDROCARAVANECHIO67,DELANEYS DUNKY et al. Send me down yer shirt….

     

     

    I hope the night goes well,though Sky may have thrown in a spanner or two. I also expect a few spanners to turn up on the night,haha!

  14. The more I speak to my wife the worse it gets. Apparently these guardians will include teachers and head teachers. Imagine if you want to complain about a teacher and they are your child’s guardian.

     

     

    If that’s not a conflict of interest I don’t know what is.

     

     

    Utterly Orwellian.

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

    TET, send the young fella to Coia’s for pre match and the KDS for post match. Best of both worlds.

  16. GlassTwoThirdsFull on

    Marrakesh Express 23:09

     

    Spoke to some Germans in my work today, Mainz and Dortmund fans, and to my pleasant surprise they knew all about the death of Rfc 1872.

     

    ——————————————————————————–

     

    No DR out there then?

  17. Neganon

     

     

    Yes ,it soitenly is,pal

     

     

    Ye ain’t seen Nuttin’.. yet.

     

     

    A Vote fur Independence is a Vote fur State Slavery..

     

     

    Who Said that?

     

     

    Ah dunno..

     

     

    But, whoevah it wiz.. Betta hide.. when Salmon taks Over.

     

     

    Kojo

     

    Still,Laughin’

  18. jude2005 is Neil Lennon \o/ on

    jimmci

     

     

     

    Gordong Dumbell on SSB says he needs this amount of time. So there!! Cant wait till this comes flying back in his face.

  19. Celticrollercoaster supports the Dambhoys on

    Paolos Boots-he’s geeing them away now.:-)

     

     

    Minxy-ask yer Bhoy what happened as they were 6 up with 15muns to play. :-)

     

     

    HH

     

     

    CRC

  20. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........FC not PLC on

    COWIEBHOY

     

     

    I’ll check the holiday board tonight. Should be ok,but not allowed to be off if anyone else is!

     

     

    Does this mean ACGR needs a new FLEG as well as a new PA?

  21. ACGR, language chief, children read this.

     

     

    Neganon, it’s another case of this Government setting legislation to cover ground already covered by legislation. Social workers already take over for children after Health Visitors if needed. It’s a reaction to a few, tragic, events.

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

    Oops, delete that wee swear word that was a typo.!!

  23. benny bheula

     

     

    Thanks. I’ll be looking forward to the twitterers updating us all on Monday then.

  24. Doc I’m sorry but those who are in power in the scottish parliament have clearly gone absolutely batshit. Having spoken to guys in the Ukraine today I was struck by the absolute despondency in those who believe in their morale certitude. My god we are creating the same here in scotland. It’s horrific and the ruling SNP believe they are beyond all reasonable doubt. Their belief in democracy post independence is in my mind in doubts they have gone power mad. Doc if all the SNP government has is a reaction to events they are dim. But I believe it’s far more sinister than that.

     

     

    Mojo and neganoan agreeing. My god it’s bad…….

  25. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS .........FC not PLC on

    DOC

     

     

    Buncha bloody kids post on it at times too!

  26. doc is neil lennon @ 23:17 on 20 February, 2014

     

    +

     

    Neganon2

     

     

    FYI

     

    The bill was supported by SNP, Labour and Lib Dems.

  27. Sponsored by Cheetah on

    Worth a wee mention for the betting types, wee guy plays for Fearts, Big Fraz starting to feel a bit twitchy as the game approaches 31 mins, boom, record broken, more to go for, World Cup next stop. Wee guy for fearts, put on as a sub, name King Billy, 25/1 first goalscorer, I know, I know, but thats fitba.

     

     

    HH Predictors

  28. Doc what about the conflict of interest. A head teacher who is a child’s named guardian and a parent who is complaining about the head teacher. Can the head teacher take the child into care if the parent complains about the school.

  29. Cowiebhoy supporting the Celtic to 3 in a row on

    Doc, I picked up a few new terminologies to describe you from blog today, out with Roaster, how aboot Trumpet or Rocket, ya roaster :-)

     

     

    Hail Hail

  30. Auldheid . A lot of talk on here about them, trying to survive until they collect the season ticket money . Does that money not part belong to ticketus . Also if true about the big increase in cash for European qualification after BT take over , by not administering the full hose to them , and taking into account the helping hand from all in sundry , SFA , MIBS, etc that we know will play a huge part in their revival . Do you agree that our board have taken one hellava gamble with our clubs finances .

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