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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. Joe Filippis Haircut on

    COWIEBHOY. Morning Fella when you see the number of players we are being linked with it is just crazy.I think it is best to wait until Celtic make an announcement and the players is standing at Parkhead with the scarf held aloft. H.H.

  4. Doc on

    CowieBhoy, nice picture.

     

    DD, my daughter says I always looked like a tit:-)

     

    WeeFra, catch you at the corner, if TOHG doesn’t move us on!

  5. Cowiebhoy on

    JFH – yip, there is actually 2 strikers in the article, the other has scored 1 in 21 games since 2014, so decided to ignore him :-)

     

    Our striker scouting dept might not though :-)

     

     

    Very Hoooooopy Birthday Corkcelt

     

     

    Hail Hail

  7. blantyretim is praying for the Knox family on

    Doc

     

    You never step on a keepers toes , well not the old school ones who could look after themselves . ⚽️⚽️

  8. cliftonville celt from belfast on

    16 roads – Celtic über alles

     

     

    It was the automatic £5k fine that finally stopped the sectarian singing at Cliftonville games. I think people also in general wanted to move on and leave those songs for the right environment. I can laugh at Binfield fans singing the billy boys when most of their team are from Andytown !

     

     

    Linfield fans still sing their songs but it’s a smaller section of them Reds fans just film it and send it to the IFA the para banner at last game was a new one and could have caused serious trouble.

     

     

    Happy New Year lads haven’t been on in a while but lurk when I can.

  9. Joe Filippis Haircut on

    COWIEBHOY. It is quite amazing the dud strikers we have signed.What concerns me is that we are told that they are looking at players where is the forward planning ? We know the positions we need to strengthen so you would think we would have scouted those positions and be ready to sign them when the window opens but no we are told they are looking at players I hope that is just paper talk. H.H

  11. CultsBhoy can not relate to Celtic Board ambitions on or off the park on

    Today I support Rangers – Cove Rangers.. If you get the chance to watch it – highlights or whatever. Keep an eye on a player – Blair Yule. For me one of the top 3 players in the Highland League along with ( former Motherwell) Paul Lawson from Formartine and Nairn County’s Connor Gethans ( formerly Ross County).

     

    Blair Yule is younger and fast and as far as I know untested at full pro level but he looks to me like he’d easily play at that level. I think he is a Scottish Vardy… Someone will pick up a diamond on the cheap.

  14. Gary67 on

    COWIEBHOY on 9TH JANUARY 2016 10:00 AM

     

     

    5 EPL teams apparently interested in him. £5m price tag. Sounds like an agent being busy.

  16. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    CULTSBHOY

     

     

    I wish your ‘diamond’ well,but have you ever seen the size of a slag heap beside a diamond mine?

  20. leftclicktic on

    Corkcelt

     

    HOOOOOOOOOOOOOOOOOOOOOOOOPY Birthday.

     

     

    Canamalar 8:18

     

    Thank you for making me smile

     

    Scott SterlingCSC :)))))))))))))))

  23. Shuggiebhoy67 on

    Cultsbhoy,

     

    Has Paul Lawson not been a player at Celtic?

     

    brought in from Motherwell as highly rated youth player?

     

    HH

  25. Almore on

    Corkcelt: Many Hoopy returns on the umpteenth anniversary of your 21st birthday. Hope you weren’t flooded out last weekend.

  30. CultsBhoy can not relate to Celtic Board ambitions on or off the park on

    Bobby Murdoch

     

     

    Yes you have to have a keen eye and lots of perseverance to find a diamond. :-)

     

     

    Shuggie

     

     

    Yes Paul Lawson was a youth under Tommy Burns. He played a couple of first team games before being released and I think he went to Ross County.. Before going to Motherwell.

     

    He decided to come home to Aberdeen last year and took up a real job and is combining this with Highland League. His nephew plays in my team and if he comes along to most games – lovely fella.

  31. Lennybhoy on

    GARY67 on 9TH JANUARY 2016 11:53 AM

     

    Now that is an interesting one, had been told that a couple of months ago.

     

    Keep the Faith!

     

    Hail Hail!

  32. prestonpans bhoys on

    Rumours on SFM that an arrestment order has been made ago at Der Hun, could be an interesting week.

  33. Marrakesh Express on

    Watching a programme about Zlatan. Great player, very confident, single minded guy with a strong personality. And to think he looks up to the King of Kings.

  36. Cowiebhoy on

    Gary 67

     

    At £5m that’s cheaper than a – Bangura, Pukki and Balde combined, we would save on wages :-))

     

    For someone who appears to score goals – and is young, for potential sell on in 2 seasons

     

     

    Or cheaper than Scepovic and Fletcher , combined :-)

     

     

    Hail Hail

  38. mighty tim on

    Almore any news on Cloghercelt not seen him on for a while. Also has Dublin council cancelled the Easter parade this year due to roadworks on O’Connell street. Surely a right balls up if they have.

     

     

    HH

     

     

    KTF

     

     

    UTLR

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