Back in 1994, when our day of greatest need arrived, Celtic fans had already invested years in developing a recovery strategy in case the club faced extinction. A disparate group of “rebels” filtered out good ideas from bad, established a platform for recovery and ensured that when the hour came, one man was ready and able to walk into a branch of Bank of Scotland and deposit a large sum of money into Celtic’s account, while others rallied support and prepared for the recovery.
Those rebels eventually went their own ways as many of those who stood shoulder-to-shoulder with Fergus McCann found allies in conflict didn’t make for friends in peacetime, but the rebels were united long enough to Save our Celts. Without their preparation, Celtic would have quickly gone into administration and who knows where thereafter.
Compare and contrast with Rangers in their hour of need. There is no preparation, no consensus of the willing, not even an acceptance that this is, in fact, an hour of need.
605 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- ...
- 16
- »
gordybhoy64 says:
31 January, 2012 at 12:53
Yeah you are right
But at who´s request ?
Murray has demonstrated intricately how Scotland does indeed function.
An exit strategy of extreme perfection.
Whyte will get a million pound handshake to have taken all the flack of reducing the huns to rubble
Murray knew the writing was on the wall before he appointed cardihun for the second time.
That was his one last hurrah … he hoped he could inject fresh razzmatazz before offloading … definitely his style
When it comes to developing exit strategies Sir Skinty could show even Jesus a few things.
Scrub that Jesus was a jew …..
Hail Hail
hoopeddreams,
Sure how could we stay fighting on a day like this? :)
I hear that McCoist is feeling almost suicidal, but in no mood to walk away. Also, there’s deffo something in the air around Greyskull the morra. This cop story seems to have traction, but as yet, I am unable to ascertain quite why.
If I get more, will pass it on.
Tomorrow’s news today!
Hail hail
Hope paul lambert strings the huns along about grant holt and pulls out of any deal with minutes of
the transfer windae left
I know there is something happening about that mob south of the river but……..
The real question we should be pondering is,
Who is Declan? Which high profile CQNer has created one of our greatest ever characters?
EC67
Dirtymac – I disagree – our business is a football club, so all our decisions are based around football surely ?
Take the 2009 transfer window as an example.
Cillian Sheridan – out on loan. Save wages, give young player opportunity for more game time, both a footballing and business decision.
Steven Fletcher – bid for player manager has identified, football decision, PL/other decides fee is too high – business decision.
No gurantees that Fletcher will prove to be value for money so we made that decision, as I said with hindsight this was the wrong decision, but it was made for the right reasons.
Every decision our club takes is both a footballing and business/financial decision, they are intertwined.
You state “The business and financial decisions of our club are long term strategic ones”.
Do we not sometimes need to make short term decisions which can positively affect the long term ? i.e. spend x on a player, to generate y from CL income ? We have over £20m of unutilised banking facilities, we have had the capacity to spend money, big money if we chose to. It is within our budget. Them winning 3 in a row suggests not all decisions we made were correct.
Thanks to everyone who answered my MSM query on the last thread.
TGSC,
Sailing On….
Its CULTSBHOY I feel sorry for. At this rate, theres a distinct possibility that he want be able to go to a match in the SPL soon.
RogueLeader says:
31 January, 2012 at 12:50
The angle that the media are taking is, for the sake of the television deal we must admit the newco in to the league…….no we dont. It’s only them that are puting this deal in jeopardy……punish them and not the other 11 teams, that’s why i’m saying the government should step in with some sort of salvage package when they go t*ts up, not reward them in a “let them in or we take oor baw back” style.
PC67
Awe Naw,cheers for your reply,would be no surprise if whyte was being used by others to bring the huns
to their knees
Paul67
led article says it all.
We should all ask rangers supporters we know “What are you doing about saving your club”
I’m thinking of selling T-shirts with
‘The Tax Case Is over –
The Government Won’
Anyone want one?
The Battered Bunnet – Thank you. :) (thumbsup)
Paul67 – Bit of a Berlin Wall moment at the Daily Record today. Never thought I’d see the day when the DR would point out that a Rangers owner had lied, or question the wealth of said Rangers owner, or call the Rangers manager an “impoverished bystander”.
Traynor’s blog this morning asks:
How come Ally McCoist is having to look at duds and loan players? It doesn’t make any sense, even when you factor in Rangers’ running costs. Where has all the money gone?
Astonishing stuff.
I wonder why now?
Have the laptop loyal finally come to regard Whyte as a threat to their club, and therefore turned on him?
Is Paul Murray briefing against Whyte because he has his own designs on that club?
It it just journalistic boredom due to the lack of moonbeams, supercasinos, and succulent lamb being dispensed from the cash-strapped Govan institution? (thumbsup)
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS says:
31 January, 2012 at 12:36
“Almost every Rangers fan I know-and they are legion,haha-has their head in the sand.”
This prompts me to recall a comment on RTC a month or so ago (I think), which went along the lines of….
“If you spend your time with your head buried in the sand, when people look at you, all they will see is an a*sehole”
Made me smile, anyway
Rieperman
Adam and Curious Onlooker … were fooled for months as was the RTC guy, Auldheid etc.
Agreed about Newco.
It is the time line that is significant.
By about August this year to phoenix a company under these circumstances will be officially illegal.
Whyte has the Jelly money and will struggle on until end of March beginning of April.
That leaves April until August to phoenix this new company and solve all the surrounding issues WHICH WILL BE TOO MUCH IMHO
HMRC will delay issuing VAT numbers and demand 1-2 years advanced VAT between these months leaving any attempt futile.
I am amazed that no Political journalist in the UK has made any political capital out of this story. leaving me to deduce that it goes much deeper than just the huns predicament
Hail Hail
cardiffbhoy says:
31 January, 2012 at 13:02
Do we not sometimes need to make short term decisions which can positively affect the long term ? i.e. spend x on a player, to generate y from CL income ? We have over £20m of unutilised banking facilities, we have had the capacity to spend money, big money if we chose to. It is within our budget. Them winning 3 in a row suggests not all decisions we made were correct.
——————————————————————
Rangers spent several million this past summer so they could beat a couple of teams with income and squads assembled at a fraction of several within the SPL – care to enlighten me regarding ‘y CL income’ they’ll receive this year?
Has Declan been on today?!
T4
Rieperman
Stop it. You’re making me cry!!
Good afternoon fellow Tims!
Snuck out of work early today, not only is it transfer deadline day but also the day that rangers fans are being introduced to the concept of reality. In my experience though they do have a tendency to struggle grasping reality, their misplaced sense of self importance and their arrogant supremacist belief that they are the people. Traynor exposed nothing. We have all been talking about such a scenario for the past year! The only thing Traynor has done is present the scenario to the Huns. They don’t believe him and that’s good, because it is that attitude of entitlement and invincibility that has got them in this mess. Goodbye Rangers…
cardiffbhoy says:
31 January, 2012 at 13:02
And no, strictly speaking, football is not the business. There are several businesses of which football is the main driver for all.
From http://www.principlefirst.co.uk/investments/octopus-vcts/
Octopus Investments has been voted the “Best VCT Provider by Independent Financial Advisers in 2007, 2008 and 2009″. Octopus is one of the largest and most innovative VCT managers in the UK.
LOWER RISK VCT
The Octopus VCT will adopt a lower risk investment approach by investing in companies where Octopus believes there is a higher level of capital preservation. The main risk associated with traditional VCT investments is capital loss on investments (e.g. from a portfolio of private/AIM listed companies). The Octopus VCT has been designed to mitigate these risks using both insurance and deal structure.
The Octopus VCT will have up to 3 years to invest 70% its capital in qualifying investments. This allows the fund to invest in a range of non-qualifying investments during this time, where the risk/return profile is consistent with the VCT’s objective of capital preservation.
The VCT will invest in specially created businesses that operate low risk business models. As these businesses have been specifically created to receive the VCT funds they are not taking the risks normally associated with traditional qualifying companies that are seeking to consistently grow and increase profits.
The specially created businesses will help improve short term cash flows for other companies, through a qualifying trade. Should there be any credit risk to the funds this will be protected using Credit Default Insurance.
This investment strategy has been successfully used in up to 10 Tranches of the Octopus Protected EIS.
EXAMPLE COMPANY – TICKETUS
THE BUSINESS
The Ticketus business model is based on purchasing an allocation of tickets for an event, up to two years in advance. (An example of this will be season tickets for English Premiership Football Clubs.)
Event organisers receive a discounted price versus face value for their tickets in return for an immediate level of ticket sales. Ticketus is then able to sell the tickets on to the general public at face value, to mitigate the potential distribution risk. The event organisers will distribute this portion of tickets first through their normal distribution channels, which allows Ticketus to recover its original investment, plus a margin.
Get investment advice now or call us on 0800 678 5929
PROTECTION
Ticketus only buys tickets for well established, long running events that regularly sell out. It only buys a portion of the tickets available, and ensures its tickets are sold ahead of other stocks available. By buying in bulk and in advance, Ticketus is able to purchase at a discount to the price at which it intends to sell the tickets.
LIQUIDITY
In order to provide investors with a clear exit route, the Octopus VCT Directors intend to seek shareholder approval to wind up the Octopus VCT and return capital to shareholders after the end of the five year holding period. Octopus expects that this approval will take place at the AGM scheduled to be held in August 2015.
This will allow investors to release capital, or perhaps re-invest into a new VCT and receive another tranche of 30% income tax relief (assuming that the appropriate VCT legislation is still in force in 2015).
TARGETED MINIMUM RETURN
Over the life of the investment, this product is designed to deliver a minimum effective tax free return of 50%, after all fees and charges. This is calculated as 100p invested less the 30p income tax relief (which provides an effective net investment cost of 70p) with a targeted minimum return to investors of 105p. This equates to an annualised tax free return of 7.85% (equivalent to a return of 13.08% per annum for a 40% taxpayer). Octopus will not receive their AMC until this has been achieved.
OCTOPUS INVESTMENT TEAM
With a total of 120 staff including a team of over 30 investment professionals, Octopus has over £230 million invested in 17 VCTs under Octopus management.
Lyrcu
Sheriff Officers at ibrox tomorrow, the day after deadline day to collect or start taking valuables away.
So I have been told, from the same source who told me last week Jellylegs would go to Everton…
Paul67 says:
31 January, 2012 at 12:37
‘ernie lynch, don’t ask me. For the avoidance of doubt, I would not back any plan to liquidate Celtic, as some have called for, if Rangers were allowed back in (of course).’
If Celtic threatened to resign from the league over the other clubs allowing a newco huns straight into the SPL, what do you think the other clubs would do?
Go ahead with the newco huns and no Sky deal?
How would UEFA react in that situation?
Would they be more amenable, or less amenable, to us applying to join another league?
re Grant Holt – so funny. The guy has two and a half years left on his contract and has a scoring rate better than one in two (game time).
£5-7m?
T4 -declan was on earlier.
Like Kendo Nagasaki I’m hopnig it’s a long time before we see the Unmasknig.
The succulent underbelly of the huns rotting carcass will be the new feeding ground for Keevins, Traynor and Spiers…choke on it ya Bampots…
adi_dasler says:
31 January, 2012 at 12:58
‘Does anyone know how much they will get for the trophy cabinet incl contents as they will be unable to display it as NEWCO ?’
Would that be including the bottle of Lucozade?
weeminger says:
31 January, 2012 at 12:19
I think this is the direction the argument needs to be framed in.
Scenario-test the numbers but I believe that at worst, it is inconclusive that no “Rangers” entity in the SPL is detrimental to the financial well being of the other clubs. Some will be up on the deal (higher league placing; greater probability of Europe and TV money; increased attendances through being more competitive) and some will be down (including Celtic).
But is the differential ENOUGH to offset the integrity hit the Scottish game will take by bending the rules (once again) for one club?
What price integrity?
HH
TLK
Aw naw.. Totally agree.. I ve ALWAYS thought Skinty Minty was the culprit.. He puts the name “Teflon don” to a new level.. Never does mud stick to him such is the array of psychophants around him
BUT. I don’t care.. This is good enough just now as they wriggle…
HH..
Modren specially created businesses that operate low risk business models is rubbish.
ernie lynch says:
Hahahahahaha!
How is a cobweb gonna get CW out of his numerical nightmare…?
http://www.youtube.com/watch?v=3RpFPCDgeI4&feature=youtube_gdata_player
Awe Naw / Rieperman,
Stop it! Just stop it. You are making us all blush.
This is a family site, so keep your canoodeling for the bus going home! :>)
pedrocaravanachio67 says:
31 January, 2012 at 12:48
‘this is definetely a non work day!!
With regards to the Sky money ( £80m over 5 years ).’
The Sky deal is pie in the sky (did you see what I did there? did you?).
When it was entered into both Sky and the SPL knew the huns would be liquidated. The contract could never be fullfilled. Evn if a newco huns is in the SPL, Sky will be renegotiating.
The figures are baloney.
Isn’t it great to hear the Harry Redknapp case referred to as “defrauding the public exchequer”?
Our media needs reminding that the chump change Harry has pocketed is sod all compared to the gigantic ongoing fraud at Poundland.
And yes, I use the term “ongoing.”
DBBIA – thanks, I was wondering if he was into pharmaceuticals….?!
T4
this just came up on my FB:
CQ Magazine
It might be another long day on CQN if it’s true..
Holy Moses, what next!?
There’ll be a few cobwebs in his castle just now
Awe_Naw_No_Annoni_Oan_Anaw_Noo says:
31 January, 2012 at 13:07
…
HMRC will delay issuing VAT numbers and demand 1-2 years advanced VAT between these months leaving any attempt futile.
…
—————————————
From 6th April this year, HMRC will be able to demand security deposits for PAYE and NIC as well as for VAT.