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. The Battered Bunnet

     

     

    That might be nearer the mark. Either way, if they are borrowing £1.5 mill in February, Phil Mac was on the money from a while back.

  2. tonydonnelly67

     

     

    14:48 on 20 February, 2014

     

     

     

     

     

    ‘Is this you telling me I broke the cod of conduct in here, or are you just a grass?’

     

     

    ###

     

     

     

    Me a grass?

     

     

    I’m the sole of discretion, pal.

  3. ernie lynch

     

     

    14:41 on 20 February, 2014

     

    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.

     

    _____________________

     

     

    Ohhhhhhhhhh, you involved too, safety in numbers eh?

  4. Hamiltontim,

     

     

    My post wasn’t in reference to you; I think that you coming back onto CQN subsequently and apologising was not an easy thing to do and I admire you for it. Not many people would have done the same.

     

     

    In fact, I regret writing my post as it did nothing to help a situation where sensitivities were so obviously heightened, so much that you thought my post was about you.

     

     

    I’m probably away off to look for an LED transformer now as the G4 LED bulbs I bought aren’t a straight replacement for the halogen bulbs I have. At least, I think

  5. pedrocaravanachio67 on

    HT

     

     

    Too late for all that apologising stuff…Daftie donnelly’s away gettin the rest of the bash street kids, your gonnae get stiffened :-)

  6. LiviBhoy - God bless wee Oscar on

    traditionalist88

     

     

    If ledley wanted to stay he would have got the deal done

     

     

    LB

  7. Thindimebhoy @ 14:48 on 20 February, 2014

     

     

    ‘Get a grip’ says Rangers PR guru.

     

     

    “More than 1.2 million Rangers fans will be contacted”

     

     

    Ha! ha! ha! the eejits are contacting everyone on the IPO list. Most on that list are Celtic fans pissing themselves laughing.

     

     

    Get a grip indeed.

  8. TheOriginalSadiesBhoy on

    tonydonnelly67

     

     

    14:46 on 20 February, 2014

     

    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.

     

    ______________

     

     

    You really are incorrigible Tony.

     

     

    Anyway I have to head off to Embra just now.

     

     

    Tony, I now see this matter as closed. There is little point in trying to have any sort of exchange with you. You don’t appear to be able to meet people half way. You’ll be pleased to hear I won’t be engaging with you again.

  9. tonydonnelly67

     

     

    14:55 on 20 February, 2014

     

     

     

    FFS . Calm doon before you do yourself a mischief.

     

     

    Why don’t you put your talents to better use and get hold of that hun customer survey and wind them up instead of us?

  10. south of tunis

     

     

    14:50 on 20 February, 2014

     

    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.

     

    ___________________

     

     

    Was wondering how long it would take for you to come in and bump yer gums, is that the whole gang in yet?

  11. mark hately said this windfall is a good as a new signing

     

     

    fat salary said this windfall is a steak bake away from a fish supper

  12. fed up philbhoy

     

     

    14:57 on 20 February, 2014

     

    TD67

     

     

    You will never know how Neil Lennon feels………

     

    _______________

     

    No your right yer bang on there, but I’ve a good idea.

  13. Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma on

    Eddieinkirkmichael

     

     

    Sorry for the lack of clarity — the Virtual Tickets are £50 and in return anyone purchasing the VT gets the items listed.

     

     

    However, of the £50 ticket price £20 goes to the Malawi Kitchen fund.

     

     

    Hopefully that makes it clear.

     

     

    Cheers

     

     

    BRTH

  14. traditionalist88 on

    benny bheula, nice one:)

     

     

    livibhoy, I don’t see whats in it for Ledley to tell porkies now. He told people he was going to stay but then Celtic accepted a bid. Just circumstances. It was always a possibility with clubs knowing his contract situation. It was only after the bid was accepted he thought it was time to try the Premiership. Don’t see what he’s got to gain by pulling the wool over anyones eyes now. I think we have to take it at face value and admit you were wrong;)

  15. Fed up Philbhoy on

    Will Nir Biton get a game on Saturday?

     

     

    Hope so.

     

     

    C’MON THE CELTS!!!!!!!!!!!!!!!!!!!

  16. away to have some Braw fun…..Huntertainment for all…..roll up roll up 4 for a poond!

     

     

    Not The Huddle Malcontent says:

     

    February 20, 2014 at 1:22 pm

     

     

    The survey is open to everyone: I am an overseas supporter who gets to an occasional game and who wants to see more money being spent on the playing squad.

     

     

    Join in the fun!

     

     

    https://www.surveymonkey.com/s/SK3SZLM

  17. TootingTim supports Wee Oscar on

    Afternoon CQN,

     

     

    Whilst it will be somewhat galling for the IFAB to repeal or amend the keeper red card/scoring opportunity rule due to wailing and gnashing from the eternally insular english football media, it will be long overdue, IMO.

     

     

    Think it was during the brief late ’90s El Tel initiated love-in that these ‘pundits’ had with Craig Broon that I first heard CB raise reasonable objection to it, and these objections still stand up.

     

     

    Keeper red card means sub keeper on to face the pen kick – typically managers will substitute their flair player, their ‘could make a difference’ player, totally eviscerating their game plan. This is the bit that kills the spectacle and the sport – but which coach is going to make a different choice?

     

     

    It’s a quadruple whammy or worse.

     

     

    1. Penalty against – probably a goal down.

     

    2. 2nd choice keeper on for rest of game to face 11 against ten.

     

    3. Down to ten men.

     

    4. Flair player off.

     

    5. Suspension of keeper looming for subsequent games in competition.

     

     

    It’s the biggest ‘game-changer’ of them all as things stand.

     

     

    Perhaps the reason it is extant is that whilst objections to it are clear-cut, what is the ‘way forward’? Doesn’t seem to be any unanimity towards it’s revision. I certainly don’t have a Scooby:)

     

     

    I actually have a lot of faith in the IFAB – they’ve got a lot more right than wrong in recent years.

     

     

    This may seem an odd thought but I am looking forward to next year’s SPFL Premiership already in a way – If Terry Butcher walks the walk half as well as he talks Hibs will be vastly improved. Aberdeen look to be not far away from being a right good team again – seems to be some backbone to their side. Perhaps they just need another one or two ex-Celts in the summer! And let’s hope DU emerge with their pool unravaged by transfers out, a year older and stronger.

     

     

    HH

  18. The thing I’m worried about is when thems go into administration will they be allowed to appoint their own administrators like the deid clumpany did?

     

     

    Oh wait, it’s Scotland.. of course they will!!

     

     

     

    HH

     

    /Bishop B

  19. Tallybhoy

     

     

    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?!

     

     

    —-

     

     

    fraser douglas blair cameron gordon can be used in various permutations as first and second names and will definitely pass the timmy spellchecker test :)))

  20. Steinreignedsupreme

     

    14:45 on

     

    20 February, 2014

     

    SSN: When are all the rules in football going to be changed to suit the English teams?

     

     

    Was that suggested? lol They so want a return for their buck,pity its 11 v 11 against teams who are equally indebted

     

     

    HH

  21. You really are incorrigible Tony.

     

     

    Anyway I have to head off to Embra just now.

     

     

    Tony, I now see this matter as closed. There is little point in trying to have any sort of exchange with you. You don’t appear to be able to meet people half way. You’ll be pleased to hear I won’t be engaging with you again.

     

    _________________________

     

     

    Embras loss, Glasgows gain, have a great time, look forward to no hearing from you again, or any of your pals, especially the clown that brought my daughters name into this farce, that I WONT, forget, that was crossing the line.

  22. traditionalist88 on

    Neustadt-Braw

     

     

    Ha, what a coincidence. I’m a Corporate Client who also wants further funds for Super to strengthen the playing squad.

     

     

    I am also a Corporate Client who strongly disagrees that the club is doing adequate ‘community/charity’ work but its alright because I don’t think this is important anyway;)

     

     

    HH

  23. leftclicktic We are all Neil Lennon on

    On the subject of “fall out” on here,time to start the day again and move on.

     

    “least said ,sooner mended” as my auld Ma is prone to say.

     

     

    Its going to take longer than 120days for Wallace to sort out that survey :)))

  24. TootingTim supports Wee Oscar @ 15:10 on 20 February, 2014

     

     

    “It’s the biggest ‘game-changer’ of them all as things stand.”

     

     

    Probably agree with this point but I’d argue:

     

     

    1. Keeper shouldn’t do it. Clearly, from your arguments 1 to 5, it would be better to let the other team score.

     

    2. Flair player off? Manager shouldn’t do it. He doesn’t do it when an outfield player is sent off.

  25. Fed up Philbhoy on

    I see the survey doesn’t have a “pledge” button.

     

     

    I’ve got a 100 grand sitting in the bank doing not much.

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