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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Eddieinkirkmichael
I thought some of his posts to me were a disgrace but nobody highlighted them. Fair enough, I’ll take care of myself.
I thought his rebuttal of Ernie and in particular TOSB when they were genuinely making an attempt to empathise was really poor.
Yes I’m well aware of your repeated attempts to do the right think and I am grateful.
Ps I too think you were right to point out the childish posts of mine.
THE EXILED TIM
14:16 on 20 February, 2014
It all depends on what you mean by a bank.
If you mean a savings bank you might still have a claim.
The TSB in Shangrila which is in Scotland, though only just.
http://www.savingsbanksmuseum.co.uk/
hebcelt/ETE,
Barclays was a private bank so not so bad, but BoE was formed the year before BoS in 1694 so it’s still not the first.
It was the first bank in Europe to print its own banknotes so this might the fact you are think of mate.
HH
/Bishop B
Hamiltontim is praying for Oscar
14:29 on 20 February, 2014
TD seems to me to be one of those (and it’s possibly a generational thing in his instance) who don’t really appreciate that you can’t post stuff on the interweb with the same gay abandon as you can say stuff in the Brazen Heid.
dharma bam \o/ stands up for neil lennon
14:25 on 20 February, 2014
When my students commenced the “but they started it first” routine, I used to sigh inwardly.
———-
I made a genuine attempt to try and restore some balance and normality to the blog.
I’m sorry that wasn’t good enough for you.
Phil’s latest offering.
http://www.philmacgiollabhain.ie/blown-off-course/#more-4394
HH
/Bishop B
TET
The Romans must have been in there imo. Banco de Roma? First branch Larkhall??
HT
No apology necessary my friend!
In my opinion TD67……………………bring’s it on himself!
And on purpose.
As I’ve said before now, if there is to be a supporter on the Board, my vote would be for Auldheid. (With Paul67 a very reliable sub.)
most hyped and self nominated best league in the world took a bit of a beating again last night eh
I remember late 60’s early 70 England had a different team as Champions most years,it was a healthy robust league which seemed to have challengers popping up based only on their football ability,the Liverpool era occurred but there was still strong competition around the league.
It kind of saddens me that it now appears to be income based,primarily from TV deal.The football is to use a phrase ‘NBA’ football tho this won engenders financial panic if they dont make the top4 or a nightmare if they end up squabbling in a 10/12 team relegation fight.
I would argue the whole direction of the league is set against avoiding relegation with the majority of the teams as fodder for the top 4\6 teams.In my younger day the general push was to the top of the league.
over hyped,overpaid and underperforming is The Epl
just havin a moan
HH An T
!!Badabing!! thanks for that was doing ma heid in! Hail Hail Hebcelt
The following three ‘gentlemen’ have just completed the ‘survey’:
Mr T Crilly, Mr D McGuire and Mr J Hackett.
Do you think they will rumble it?!
HH!!
eddieinkirkmichael
I missed the original point made by Auldheid, and though that has not stopped me before, I am guessing it involved the relative importance of Scottish Labour votes re UK general elections. Even looking at it the way you have done, ie take out all Scottish MPs, I cannot make your numbers add up. October 1974. Labour, with Scottish MPs 319, (out of 635) an overall majority, without, 278 (out of 564), a clear minority. Or meringue again?
Q. What would be the single most important thing Rangers Football Club could do to improve its relationship with supporters?
A. No go bust again
Q. Agree or disagree – The Club should establish an official and on-going supporter engagement programme.
A. if people is gettin merried they can dae it at Iborx.
TheOriginalSadiesBhoy
14:24 on
20 February, 2014
magnificentseven supporting oscar all the way
14:20 on 20 February, 2014
………………………………………
I called TD ‘a trumpet’ x2. I don’t think I really said anything else to him that I should beat myself up over. If that’s what you’re calling a wrong well knock me down with a feather. Perhaps you should get out and meet people in the real world.
did I mention you in my post??
celtic mac
apols for lack of clarity, I was assuming 1 month of arrears at the critical date, which combined with current month gives that sort of number.
antipodean red
12:09 on 20 February, 2014
Paul67,
Credit is indeed due to auldheid for his outstanding work on both this blog and in respect of Celtic. His response to tonydonnelly67 on the previous article says much about him.
AR
_____________________
Seen as it was me pray tell, what where his words of wisdom, I missed that post, prob just as well.
Good afternoon champions from a clear dry Lower Saxony.
Serious question.
1. Will this Huntertainment ever stop?.
Braw…..
I dread to think what the posters on the Huddleboard etc are doing with that hun survey.
Good afternoon all
HT, nice one at 1352. Him and he alone was the reason I was off the blog for a while. Obnoxious is closer to some of his posts. KTF :-))
Weefra HH supporting Wee Oscar.
tonydonnelly67
14:40 on 20 February, 2014
He called you a fud.
But don’t have a go at him. He’s only saying what everybody else was thinking.
If the huns go into administration again, and with no money to fund it……..who pays the next Duff and Duffer?
The tax payer, or is it an asset sale?
The Exiled Tim.
A pre retiral me spent a lot of time in banking HQs
Coutts Bank was incorporated in 1692.
TET this might help
http://en.wikipedia.org/wiki/List_of_oldest_banks_in_continuous_operation,
HH
SSN: When are all the rules in football going to be changed to suit the English teams?
Phil suggesting the 1.5m will be used to FUND the administration process to cut costs and turn the tide of loss making.
He took 27 lines but he got there in the end.
HH
theoriginalsadiesbhoy
12:17 on 20 February, 2014
From last blog:
rock tree bhoy
11:38 on 20 February, 2014
TheOriginalSadiesBhoy
Not agreeing with a poster is no excuse for a collective ganging up and bullying session
…………………………………….
As I said earlier, he had a go at all teachers. He generalised and stereotyped a whole profession. I was a teacher for 37 years. I put a lot into it and got a great deal out of being a teacher. I’m not standing for Tony Donnelly’s drivel. I tried to empathise with him at one point and was had it thrown back in my face. I don’t mind that but don’t call standing up for yourself, bullying.
________________
That’s you empathising with me? Calling me a trumpet, haha, aye right, get knotted ya chancer.
______________
Thanks for the info re banks.
Would I be right in saying that the BoE was founded by a scotsman ?
HH
Ernie
I really did burst out laughing there!
rangers fans getting a grip on reality is about as likely as flying pigs….
Still its good to see them squabbling publically it means this phrase is bollox as far as they are concerned
Where there is discord may there be harmony….maggie thatch
‘Get a grip’ says Rangers PR guru
RANGERS PR guru Jack Irvine today said fans need to “get a grip on reality” amid financial fears at the Ibrox club.
The row broke out as chief executive Graham Wallace and manager Ally McCoist today launched an initiative to enhance fan engagement.
The first phase of Ready to Listen is a survey designed to give supporters a “genuine voice” in the future of their club.
More than 1.2 million Rangers fans will be contacted with the survey through email, text messgae, social media, and matchday activity.
Wallace said: “We need fans to know that by working together, we have the ability to position the club for a stable, successful and sustainable future.
“We hope supporters will engage with the Club and talk to us openly. We value their input and we are ready to listen.”
Earlier today, Rangers confirmed to the Stock Exchange they are in talks with investors over a £1.5million loan.
The Easdale brothers and Laxey Partners, the largest single shareholder in Rangers International Football Club, are prepared to lend the club money.
Although no agreement has been finalised, it is understood the money would be repaid in the form of shares rather than cash.
Fears about an imminent cash-flow problem are growing among fans, although Wallace is adamant there are enough funds to continue trading.
Rangers Supporters’ Association chief, Drew Roberton, said: “This latest move certainly suggests there are short-term cash issues.
“Administration is still a fear for fans.
“I know Mr Wallace has said it is not an issue and it’s not going to happen again.
“But I don’t think today’s announcment is something that makes fans feel that administration won’t happen.
“It is very difficult for fans’ fears to be alleviated.”
It is understood that Rangers’ cash reserves are diminishing.
Jack Irvine, Rangers spokesman, said: “It is ludicrious for fans’ organisation to be making this claim.
“They have to get a grip on reality.”…..
Launching Ready to Listen, McCoist said: “Our fans have shown unbelievable passion, commitment and support for their Club since the dark days of administration.
“It is only right our loyal fanbase has a major say going forward.”
The next significant batch of income will be not arrive until season ticket renewals begin to come in during the summer.
Wallace, who is in the midst of a 120-day review of every aspect of Rangers’ business, admitted after the annual meeting of shareholders last year that cost-cutting is required.
The statement read: “The Board of Rangers confirms that it is holding discussions with two major shareholders with a view to arranging a loan of up to £1.5m to provide working capital for the company.
“Documentation and terms have not been finalised, and a further announcement will be made when appropriate.”
The loan from James Easdale, who is a director of Rangers International Footbal Club plc, and Sandy Easdale, a director of Rangers Football Club, and Laxey Partners would be up to £1.5m, and the repayment in shares would be happen at some point in the next 12 monthsthat some Rangers directors were in London yesterday meeting shareholders.
Mr Roberton added: “It is good to see directors putting their money where their mouth is.
“And I hope this deal is more beneficial for Rangers than the people putting the money in.
“But I am sceptical that it will be a better deal for the club.
“It has been well documented that the previous financial director Brian Stockbridge beleieved the financial low point for the club would be april.
“But it seems that Stockbridge’s forecast was optimistic.”
Any lending of funds would be seen as a vote of confidence in Wallace, although setting aside 120 days to review the business of a football club – which is fairly straightforward – is seen as a reflection of the difficult issues he faces.
Copied pasted and slightly by TDB for the benefit of Celtic supporters and the avoidance of click revenue HH
ernie lynch
14:32 on 20 February, 2014
Hamiltontim is praying for Oscar
14:29 on 20 February, 2014
TD seems to me to be one of those (and it’s possibly a generational thing in his instance) who don’t really appreciate that you can’t post stuff on the interweb with the same gay abandon as you can say stuff in the Brazen Heid.
_____________________________
Is this you telling me I broke the cod of conduct in here, or are you just a grass?
Shame we all can’t drink up the west end and listen to your words of wisdom eh?
Confession time –
When tonydonnelly67 initially appeared on the blog I assumed he was the latest creation from the satirist that gave us the bang on parody that was Declan. It took me a few posts to realize that the buffoon was for real.
TheOriginalSadiesBhoy
14:15 on
Hamiltontim is praying for Oscar
14:29 on
I wasn’t having a dig guys, I just scroll by TD67 these days and don’t usually interact, have to admit to clicking on his links at times which can be quite funny.
Of couse I’ve witnessed his attacks on your proffession among other things and tbh didn’t come to your defense as I don’t want to get involved with him as opposed to not feeling he was out of order.
fed up philbhoy
14:35 on 20 February, 2014
HT
No apology necessary my friend!
In my opinion TD67……………………bring’s it on himself!
And on purpose.
_______________________
Sais it all REALY, now I know how Lenny feels.
TonyD…
Is this you telling me I broke the cod of conduct in here, or are you just a grass?
………
Sounds a bit fishy.
Fed Up Philbhoy
”
If the huns go into administration again, and with no money to fund it……..who pays the next Duff and Duffer?
The tax payer, or is it an asset sale?”
Ally is panicking.
He thought you said Ashet sale?
“They may take our lives but they’ll never take our pies”
traditionalist88 @ 14:37 on 20 February, 2014
” A. if people is gettin merried they can dae it at Iborx.”
I went to a wedding last January in the asbestosdome. It was so cold (they obviously couldn’t afford to heat the place) that most of the guests sat with their coats on. I know they like blue noses, but this was ridiculous.
I knew that night that the new club was going to go the way of the old club.
magnificentseven supporting oscar all the way
14:08 on 20 February, 2014
Rock Tree Bhoy
13:39 on
20 February, 2014
eddieinkirkmichael
I was thinking surely I cant be the only one who sees it like this so thanks for that
You are not, it’s just that others that do have given up posting
…………………………..
No you didn’t mention me but you agree with the view of eddieinkirkmichael and rock tree bhoy who have, as far as I can see, taken the view that Hamilton Tim and I have been giving Tony Donnelly a hard time of it.