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When the wealthy borrow from the poor

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By on CQN BLOG & Comments

Sell fans a ticket, you owe them a game of football.  Whether the standard or result it good or bad, it’s a relatively easy commitment to keep.  That’s what fans get in return for spending money on a ticket.

Sell people shares, you owe them a share certificate.  That’s what shareholders get in return for coughing up for shares.

Borrow money from fans and you owe them much more than a game of football or a share certificate.  In many instances that money will have come from people who had to forgo things to provide you with the loan.  You owe them a duty of care that their loan will be repaid, or converted with their agreement.

It beggars belief that an unsecured loan has been offered to Rangers International by fans group, Rangers First.  If, as claimed, the obligations to Sports Direct have been met, the club will have both the ability and the incentive to pass the securities previously held by Sports Direct to the fans group.  The club’s IP, training ground and ancillary assets should now be unencumbered, who better to have security over these critical parts of the club than a fans group?

Unless, of course, the obligations to Sports Direct have not been met.  Or someone else has their eye on the assets.

The claim that Dave King would match Rangers First’s loan took me by surprise.  This was counter to everything I knew and expected of him.  His swift denial was more consistent with expectations.

There is an axiom in football: Any club who has enriched a PR individual to the tune of £500k in the last year is making a serious attempt to divert it’s fans attention.  Celtic’s PR machine deals with the efficient communication of football information and financial reports.  Nothing whatsoever is spend attempting to lead the news agenda.  This often leaves us on the receiving end of that agenda, but we have nothing to hide.  Which is the way it should be.

Few sights in business or football can be more alarming than when purportedly wealthy people borrow money from poorer people.  The warning signs are writ as tall as the Ibrox stands.  This time there is no hidden Ticketus deal people can claim they didn’t know about.

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  2. topkat on

    In years to come I wonder if we will be watching you-tube clips of this current Celtic team…..just a thought !!!!!! things can only get better

  3. blantyretim is praying for the Knox family on

    1year since his death and the Kano foundation continue in the Celtic spirit

     

    RIP Martin Kane

     

     

    Good night God bless

  4. WeefratheTim on

    BT

     

     

    Will contact the mo. Cannie go these assholes who want to destroy our club. Love yawl, HH.

  5. Gerryfaethebrig on

    Dallas

     

     

    Your Hail Glorious St Patrick is a great shout but “Walk with me oh my Lord” has also been sung with great gusto in recent times

     

     

    Delaney Dunky

     

     

    I know exactly what Mr Keevins is all about, he slags the West of Scotland but then goes on to stoke any fire he can, at any given opportunity he turns things towards Celtic, a “shock jock” who after the internet realises he can shock no more so plays to his audience, I know he is meant to be a Celtic fan but having known plenty of fans not having a good word to say Mr Keevins leans more towards hatred of our club…….which in my opinion is good, the less people like him the better

  7. Margaret McGill on

    WeefratheTim

     

    Destroyed? Celtic are halfway there. We need some kind of Gorbachev to see the light.

  8. Dallas Dallas where the heck is Dallas on

    Blantyre , three of the four you mentioned who left in 1987 , were a big loss.

     

     

    Rambo , was no loss. However, to give him his due , when he went to Bayern , an English journo asked him what it was like to play fo two former European Cup winning clubs. He told the journalist , this was the third European Cup winning club he had played for. He reminded the journalist Celtic were the first club from these shores to win it.

     

     

    BBC 4 now showing a top of the pops from 1981. Depeche Mode doing Just can’t enough , marvellous . They were preceded on the show by OMD with Celtic supporting Andy McLuskey on bass.

  14. WeefratheTim on

    Margaret

     

     

    I go to Celtic Park every other weekend. I have missed one home league game this season. I know who you are and whom you are related to, so your opinion n here, to me, means Feck All. Away to yer bed, and like yer bro, gies peace. HH

  16. Chairbhoy on

    BLANTYRETIM @ 11:39,

     

     

    That’s perfectly true…

     

     

    And as you know the fact that Celtic have always been ready to let their best players go – with the exception of the MO’N era – has always been the case.

     

     

    McGrory for Arsenal is unfortunately the exception.

     

     

    Have a great weekend.

     

     

    Hail Hail

  18. sipsini on

    Roy Croppie…

     

     

    Glad you took that the way intended…you know how sometimes when posting, you look back and go oh feck… I had that moment, anyways keep up the tunes and clips coming, I’ve a while yet before I’ve doubled the new weekly limit tonight :))

  24. Delaneys Dunky on

    GFTB

     

     

    Hugh is from a very fenian family fae Clydebank.

     

    Sad he has taken the coin and is outcast.

  25. Dallas Dallas where the heck is Dallas on

    Delaney’s, the onlt time I ever saw my dad cry was at the coverage of Murrayfield. He was breaking his heart . He felt so proud of those at Murrayfield that day.

     

     

    This top of the pops 1981 has even more Tims on it, Altered Images. Four bands on the trot with a loose connection to us, Barbara Gaskin and Dave Stewart singing its my party. I heard some fans occasionally sing , its greig’s party and he can cry if he wants to.

  27. Dallas Dallas where the heck is Dallas on

    Blantyretim, Martin’s memory lives on with the magnificent work done by the Kano Foundation.

  31. Margaret McGill on

    Embdy else notice the uncanny resemblance between Jeremy Corbyn and the Turin Shroud?

     

    or is it just me?

  32. Sandman on

    the_huddle on 8th January 2016 8:51 pm

     

     

    It’s interesting watching Liverpool since Klopp took over, very similar to how Ronny had us playing after the initial teething problems (and yes before the usual post I don’t know what’s happened to that style of football this season).

     

     

    =================================================================

     

     

    Yes, and also interesting was Exeter’s tactics – closing down the centre of the park and forcing Liverpool wide; Lenny’s tactics to beat Barca.

     

     

    And Lo and behold – a 2-2.

     

     

    And we’re still in limbo.

     

     

    Meanwhile, in the far east…

     

     

    I think it’s ‘Star Wars: The Force Awakens’ day for a certain Eastern-based Tim who’s been avoiding any sort of info on the movie from his relatives who have already seen it over here and who really don’t want to tell him about that Kylo Ren and how hSPOILERSALERTSPOILERSALERT!n and then later the shoSPOILERSALERTSPOILERSALERT! and ActSPOILERSALERTSPOILERSALERT! his owSPOILERSALERTSPOILERSALERT! but you know, even knowing all that, you’ll still enjoy it thoroughly, our kid, lmao.

     

     

    But knowing Paul67 and his fairness on the blog, the above will probably be censored…

  34. Margaret McGill on

    Sandman on 9th January 2016 12:23 am

     

     

    Yup. Agree. I see what you mean.

     

    Exeter would probably thump the current Celtic.

  36. WeefratheTim on

    Maggie

     

     

    That’s why, secretly, I luvs ya. Lol. Take care buddy and hope you and yer family have a fantastic 2016. You all know who I mean. Lol. HH.

  37. Dallas Dallas where the heck is Dallas on

    Roy, thanks for posting that picture of Paul McGugan’s goal against the now defunct club.

     

     

    Paul was much maligned but the above goal and the game against Aberdeen where his hoops were covered in blood after being elbowed by Black or Hewitt, have stuck with me. Paul still stayed on the pitch despite the deep cut he received.

  40. Delaneys Dunky on

    Sipsini

     

     

    The Boulevard is now the Titan. If you like over 60s the Titan is for you. ;))

  41. Gerryfaethebrig on

    I didn’t see the Exeter v Liverpool game but caught the Klopp interview on BBC at the end of the match, I wonder if Ronny gave an interview like that what the reaction would be, let’s hope it’s not 2-2 on Sunday, although at least the treble will still be on

     

     

    Anyway on that note

     

     

    God night and God bless fellow Celtic fans

  42. Dallas Dallas where the heck is Dallas on

    Delaney’s, enjoy Stranraer. The white Henrik superstar t shirt is a cracker.

     

     

    My daughter got me their Jock Stein t shirt for Chritmas.

     

     

    Good night all and sleep well.

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