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. Steinreignedsupreme on

    An Tearmann 15:12 on 20 February, 2014

     

    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”

     

     

    Not in so many words but the gist is ‘It’s not fair that people are dismissed for red card offences … when they play in the hyped-up EPL’.

     

     

    As for Wenger. I did laugh when he said: “Our keeper went for the ball, he touched Robben, who made more of it.”

     

     

    This is the same guy who said: “Boruc touched Eduardo, therefore it’s a clear penalty.”

     

     

    He always has an excuse at hand does ole Arsene.

     

     

    The fud.

  2. starry plough is neil lennon

     

     

    15:15 on 20 February, 2014

     

    So where do you get to join the CQN Bullies Clique, is there a secret club, a wee handshake perhaps and do you get to wear a cap sleeve t-shirt in February??

     

     

     

    ……….

     

     

    You cannot join.

     

    I thought the Glee Club was wound up. Hilariously sad in here today.

  3. geordie munro

     

     

    Very finny, that was off the scale. :)

     

     

    Weefra HH supporting Wee Oscar.

  4. corkcelt- SUPPORTING THE DAM 5 on

    I don’t wish to carp but while some guys here are having a whale of a time but they are skateing on thin ice. On the surface everything might appear Hunky Dory but the entire blog could Flounder over the actions of a few Pollocks.

  5. Gordon_J backing Neil Lennon

     

     

    15:43 on 20 February, 2014

     

     

    GlassTwoThirdsFull,

     

     

    Oh yes! Sally is definitely my favorite manager of Rangers. And of The Rangers. And indeed of any future clubs with Rangers in their name.

     

     

    ——-

     

     

    Rangers the Turd? ;o)

     

     

    HH

     

    /Bishop B

  6. Oscar positive thoughts unionbearBhind on

    !!Bada Bing!!

     

     

    cod only knows what’s going on in that snapper!

     

     

    HH

  7. Re independence debate and the pound.

     

    At the moment with Sterling things are pretty certain.

     

    The Bank of England is part owned and part indebted to by Scotland as it is by N.I,Wales and England.

     

    my opinion is the this profound fearti pash just does not wash.

     

    no scotland in the pound then their is no pound.What say the currency markets and those who profit in uncertainty do about that?

     

    On Europe we are already members,no need to rejoin and as wee nicole paleface said what would that say about democracy?and you can bet your tories are getting plenty of Ammo re Europe butting in to internal uk affairs but that will be ammo for when they are arguing with Ukip or the all new improved(bollox to yir marxist theory) middleclass labour party.

     

    I believe that decision making should be near to its people.in Scotland that means Edinburgh.

     

    I think we are different in how we treat our poor and vulnerable instead of demonising them I think it is totally orwellian that people like Alistair Darling /Gordon Brown should be allowed to fart and comment on anything,there overseeing carried on by Gideon and the Eton boys when they are writing cheques with our money to bail out Banks was disgraceful.

     

    Darling should be placed on rockall instead he is head of the better together

     

    campaign.Thats how messed up this country is.

     

     

    Any political theorists want to suggest when,if ever Labour will be in power when the Yes vote comes in? no didnt think so,but keepin the tit for tat kak is what it is all about for those power hungry socialists,meantime the poor get poorer,rich get richer.

     

    Scotland as a nation is older and ancient history.I say its simply time for us to make our own decisions and go independent,

     

     

    rant over and back to fitba

  8. GlassTwoThirdsFull on

    Minceyheidman/TootingTim

     

     

    There’s a few different issues at play. If there’s no sending off and the penalty is missed then there is no advantage to the team who were denied the goal.

     

     

    Also, it really depends on when it happens. If it is late in the game then the defending player has more incentive to make the foul as they won’t be down a man for too long and the penalty might me missed.

     

     

    benny bheula

     

    Flair players aren’t substituted when an outfield player is sent off because there is no absolute need to make a substitute.

  9. Fed up Philbhoy on

    Funny ole Arsene doesn’t usualy see the incidents involving his players diving and cheating but can recall decisions against his team in great detail and usually instantly.

     

     

    I agree with you SRS……………

     

     

    …he is a fud.

     

     

    8 years without a trophy. I hope he get’s 10 in a row.

     

     

    Wonder what he gets paid for continuous repeated abject failure to win a trophy?

     

     

    The mind boggles.

  10. starry plough is Neil Lennon

     

    15:15 on

     

    20 February, 2014

     

    So where do you get to join the CQN Bullies Clique, is there a secret club, a wee handshake perhaps and do you get to wear a cap sleeve t-shirt in February??

     

     

    ————————————————————————————-

     

    starry… cap sleeve t-shirt MUST have pack of E-Lites tucked snugly in said sleeve.

  11. TootingTim supports Wee Oscar on

    benny bheula,

     

     

    I wasn’t clear enough – it seems to me it’s the exisiting mechanism which lends itself to the game-killing flair player off sub.

     

     

    When your Nr 4 DM key player gets a red card, the ref isn’t obliged to allow you to sub on a DM replacement for this specialised position in time to face the next tackle, if you follow:)

     

     

    Also a lot of these keeper red cards don’t look like cynical scythings down – which the original ruling was designed to stamp out – just mistimed by a fraction.

     

     

    In trying to stamp out cynical play they’ve introduced a situation whereby a massive advantage can be gained through one genuinely mistimed challenge – it is much worse than having an outfield player red-carded because of the mechanism, IMO.

     

     

    Again I don’t profess to know what to change it too…

     

     

    HH

  12. thomthethim for Oscar OK on

    Such is the EPL clubs’ arrogance, that they unilateral changed the rules, in order to give their European opponents a competitive chance.

     

     

    They have opted, to date, to give away a penalty and play with ten men.

     

     

    The ol’ Corinthian spirit lives on.

  13. TET

     

     

    Re your question on banks- are you winding up our English brethern and sisteren (is that a word?) on that Ex Pat web site? :)

     

     

    No like ye.

  14. Beeb at their best

     

     

    @benarty: Radio 2 reporting that England’s curling team has won a bronze. Remember you are paying for this.

     

     

    Weefra HH supporting Wee Oscar.

  15. Enjoy yir evening Celts.

     

    It is a fantastic time to support Celtic

     

    god bless Walfrid & Mc Cann

     

     

    HH

  16. Sir Paul

     

     

    Ah wiz talin’ tae the Pookah, last night.

     

     

    It wiz aboot.. The Former.. G.A.s.. Present.. Predicament.

     

     

    N.. He said.

     

     

    Na.. He widnae Invest in the Sevco,eethur.. but.. He wid Invest in Celtic.

     

     

    So.. efter Hearin’ that..Ah may reconsider.

     

     

    Anyway, The Pookah told me that the maist pressin thing..that wiz looming in the Horizon,at Ibrox..wiz..

     

     

    How wur The Blues Brothers Gang.. gonna Meet the Company Pay-Roll.

     

     

    Now,You ..as A Fellow Entrepreneur…Bizness Guy.. Knows that Meeting the Company Payroll. is.. well.. a Big,Big, Deal..

     

     

    Fur if Folk Dinnae get paid thur Wages..oan the Dot.. then

     

     

    Then that Really, Really, means that there is Nae Money Aboot.

     

     

    Besides..

     

     

    It is Bad Fur Bizness..!

     

     

    Folk wull Talk.

     

     

    Pookah, went oan tae say that,o all the Shannigans goin oan at Ibrox, this latest

     

    emergency.. No being able tae Meet the Company Payroll..

     

    Spells.. Trouble..

     

     

    n.. As the Blues Brothers Know , too damn well..

     

     

    Whenevah,ye run intae Trouble..

     

     

    Then..

     

     

    “Whodya Ye Call?”

     

     

    ” Ye’re Mammy!”

     

     

    Which Sounds tae Me..

     

     

    The Best Advice ,that Ah hiv Hoid .. The Day!… Concerning, Sevco’s Leetle Problemo.

     

     

    Kojo

     

    Still,Laughin’

  17. Declan Is Neil Lennon 1888 Hates being 2nd on

    vogeupuntre ave been lerning they big words. easier to say castigate than chop aff yer podger. usin words like that really confuses bams enuff or you to git the first punch in hahaha

     

     

    mon the hoops

  18. Dubaibhoy-"If I signed off the accounts it has been in good faith." on

    Been travelling so rarely get the time to look in these days, but just wanted to say:

     

     

    1. Well done Paul on organising the Fan Forum questions;

     

    2. Best league in the world, ma erchie;

     

    3. Ur they still deed?

     

    4. Is that the same Declan? We’re in for some fun again…

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

    Barcelona have been charged with tax fraud over the transfer of Neymar……. now ain’t that a thing?

  20. Why oh why do so many CQN posters feel the need to reply to TD67 with the same level of debate.

     

     

    There is no need to reply to sweeping generalisations and stereotypes with the same. Certainly no need for personalising the issues with insults on reply to the same.

     

     

    This is a better place without that.

  21. GlassTwoThirdsFull on

    BoscoBhoy02 15:38

     

    Aside from any tax issues, I remember well a lot of them saying they lost the league that season because Walter didn’t sign any new players bacuase he wanted the players who had got the nine to get the ten. Only the eight signings then!

     

    Just like he didn’t sign any players in his second spell eh? Only the 27 that time!

  22. Citibhoy Shoulder to Shoulder with Neil Lennon on

    Alan Brazil declaring to the world – well the diners of a certain steakhouse in EC2R 8DU – that he loves Celtic AND Rangers

     

    Mmmm is that Sandy Easdale sharing a glass of champers next to him???

     

    Shurely not ….

  23. LiviBhoy - God bless wee Oscar on

    winning captains

     

     

    When is the book available to buy and much is it?

     

    The cover looks fantastic!

     

     

    LB

  24. voguepunter

     

     

    Naw naw naw ya big groover, I stoaped wi’ the new fangled new age drugs when ah fell aff ma Chopper oan R’glen High Street, the natives were very restless and dare I say unfriendly tae the likes o’ me!!

  25. Genuinely depressed watching the events unfolding in the Ukraine

     

     

    Government sniper shoots a medic in the neck. She was wearing white with a big red cross on her chest.

     

     

    Was she a threat? Savage.

  26. Declan Is Neil Lennon 1888 Hates being 2nd on

    vogeupuntre no way bud. am cool as a tomato. its me hoo hawds him back. he is a 31 carrot mentalist. he flees right off the handel at the drop off a sock. lucky he is a big boy with a thik heed hahaha

     

     

    mon the hoops

  27. Starry

     

     

    Natives of ole Ruglen unfriendly………..was the orank walk going by St Columbkilles?

  28. jude2005 is neil lennon \o/

     

     

    14:55 on 20 February, 2014

     

    If thems go in to admin again what league will they plummet to??

     

     

     

    They will go into whatever league they want . Remember no rules apply to them .

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