When the wealthy borrow from the poor


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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  1. Mighty Tim: I was in touch with Cloghercelt over the Christmas and will be meeting up with him in the next couple of weeks.



    There are major works on O Connell Street to lay tracks for the ‘Luas’ , a light rail system, but I doubt that it would effect commemorations. I’m en route to Stranraer so will look into it early next week.



    Last year the Lord Mayor of Dublin indicated that licensing laws would be changed to allow pubs here to open on Good Friday this year but to my knowledge that won’t be happening now.



    Most organisations hosting events should be announcing them soon so I will post links here as I become aware of them. I would appreciate other Irish based times doing likewise.



    I’ll be over for the match on Jan. 23 and will bring whatever brochures I can with me to the corner.

  2. Brendan Foster has just described conditions in the Edinburgh Run as “clatty”.



    I think I should contact him and tell him that it is, in fact, “mawkit” verging on “boggin'” and the athletes will be “mingin'”.



    Just to keep him right, ye unnerstaun.

  3. Checking the channel for our game tomorrow and couldn’t believe the Hun game is on before ours live from the asbestos dome against Cowdenbeath ffs , talk about handouts to keep the lights on.

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

    Wycombe penalty was a stonewalled to my eye. That occurs outside the box it’s a foul. A foul in the box is a penalty. Commentators saying it was harsh..!?!?!?!?!?!?

  5. jude2005 is Neil Lennon \o/ on

    On shortbread



    The Lisbon Lions only played together once and that was in Lisbon??? Is that true???

  6. prestonpans bhoys on




    Seem to recall that their last game together was against Clyde, as for shortbread’s comments well…….

  7. Phyllis Dietrichson on

    Jude – not true. The same side played against Dynamo Kiev a few months later.



    Although I remember TD67 (who was at the game) disputing the UEFA record of the game.

  8. Jude



    I remember reading somewhere they played together 11 times perhaps Dallas or Gordon will confirm.



    They played Rangers 3 times with the Lisbon line up, all in ’67, and never lost.




  9. The Lisbon Lions eleven played in the ’67 Cup Final v the Sheep and the league decider v Deidco. So there’s at least 2 other games to prove shortbread wrong.

  10. But wait a minute lhads Andy Cameron said Willie Haughy told him and Shortbread broadcast it ergo it must be true!!!! I mean they are always accurate about things Celtic – are’nt they??? H H Hebcelt

  11. Port Glasgow.



    Passed by the redevelopment of ferguson ship yards.



    There is a lot of money being spent on it.



    Loads of contractors on site on a Saturday.



    Hat doff ed to that Clyde blowers guy. Quite a visionary.



    If only he would invest in a new football club.

  12. Does anyone know if there is any doubt of game going ahead?


    I’m driving down from up norf tonight.

  13. hebcelt



    a quality programme on Alba mhate; pass on my congratulations to your daughter.



    I wished I played in that league, no ash parks in sight.




  14. The Lisbon Lions…



    They of course only became the Lisbon Lions after 25 May 1967 and the same team lost 1-2 to Dinamo Kiev at Celtic Park in the following season’s European Cup first round.



    The Lions also played in four of the League Cup sectional ties of the 1967/1968 season beating Dundee Utd, Aberdeen and Rangers (1872 or 73 to 2012) and drawing with that Rangers too at Ibrox.



    They of course took to the field on the last day of the 1970/1971 season however Ronnie Simpson did not take part in the match.



    Can’t recall the Lions appearing at any other occasion.

  15. sorry … what it says




    CELTIC supporters intending to travel by train to this Sunday’s Scottish Cup tie against Stranraer should note that, because of damage to a bridge at Girvan, trains are unable to get through to Stranrarer.


    ScotRail will be running extra replacement buses from Ayr to Stranraer, but supporters are advised to check the latest travel information HERE before setting out tomorrow, and also allow more time for their journey.


    Celtic’s game against Stranraer at Stair Park this Sunday, January 10, kicks off at 3.15pm.

  16. Quiet today, so a wee post from Johnjames….






    The Accrington Galacticos


    by sitonfence


    One of this site’s most celebrated contributors, Gordo RFC, has referred to the January transfer window as the ‘silly season’ and it would be difficult to disagree. Josh Windass has been cast as the new Paul Gascoigne, with Matt Crooks being compared to Yaya Toure. Jason Holt is now being compared to Ian Durrant and I have little doubt that the £100,000 stopper at Brentford will be elevated to being a putative Franz Beckenbauser. Should we doubt that Harry Forrester will be perceived by the SMSM as the new Jorg Alberz? I was not aware that there was so much talent in the third and fourth tiers of English football and non league clubs. How did the Championship’s scouts miss out on these gems? Surely they must have been beating a path to Accrington Stanley, Doncaster Rovers and Harrogate Railway? Is it any wonder that Reece Warbara of Alvechurch FC failed to make the grade in such esteemed company.



    All these players have one thing in common. They are all out of contract. They are Bosman signings. As a condition of their signing they must agree to be a sandwich board for Season Tickets or Pay At The Gate Tickets. No new Rangers signing is allowed to be photographed by the press without the obligatory promotions board being given prominence. Rangers v Cowdenbeath is pay at the gate and no-one should be in any doubt that Rangers need any income that they can glean from their supporters.



    The £2.5m to maintain Rangers as a going concern until June 30 was highlighted in the accounts. If £5m of the £6.5m that they are alleged to have raised was ring-fenced to pay Sports Direct, Rangers are £1m short of solvency. Mike Ashley has just returned to his desk from his vacation. We should expect a press release next week which will be the final word on the loan.



    If we are to believe CC King there are three new names on the ‘in lieu of equity’ list, namely Scott Bennett, Barry Scott and Andy Ross. However we don’t believe career criminal King which leads us to the conclusion that these loans are secured on the assets that we assume will be released by Sports Direct. Pay attention to the press releases. Barry Scott and Andy Ross are Real Rangers Men. Would we not prefer real Rangers men to have security on our assets in preference to Mike Ashley? Bennett, Scott and Ross did not come down in the last shower. Their loans will be secured.



    The £1m shortfall was expected to be met by Rangers First. James Blair sat down at his mirror, removed his tie and gave his image a good dressing down. £500,000 is required urgently as CC King’s legal expenses are getting out of hand.



    Mr Warburton is not signing these players through choice. He is signing them as they are not good enough for the English Championship and are free, save £60,000 or so development money. Are they good enough for the Scottish Premiership? They had better be or they will soon be found out. Will they be playing in the Europa Cup in 2017? Almost certainly not.

  17. Breaking my vow of Omerta, to say thank you to all who sent me Birthday Greetings. If my memory serves me correctly I share a birthday with a fellow flouncer, who made the most memorable flounce in CQN history. The great ACGR. So Happy Birthday ACGR, I followed your example by making a Happy Christmas Post, so if you get a few Happy Birthday posts you can reciprocate.

  18. eddieinkirkmichael on

    On train with Delaneys Dunky on our way to Stranraer and train stops at Kilmarnock where we swap crews and low an behold no driver. Arghhhh








    to you and the much missed ACGR.



    It’s his lad’s birthday on Tuesday.



    Time he stopped behaving like a teenager. And his Dad anaw!

  20. Further to the Lisbon Lions question posted by Roy Croppie earlier, from what I can see it looks as if the 11 Lisbon immortals started 10 games together…



    14 Jan 1967 – St Johnstone 0 Celtic 4 (League)


    19 Apr 1967 – Celtic 0 Aberdeen 0 (League)


    25 Apr 1967 – Dukla Prague 0 Celtic 0 (League)


    29 April 1967 – Celtic 2 Aberdeen 0 (Scottish Cup Final)


    6 May 1967 – Rangers (1872 or 73 to 2012) 2 Celtic 2 (League)


    25 May 1967 – Celtic 2 Internazionale 1 (European Cup Final)


    12 Aug 1967 – Celtic 1 Dundee Utd 0 (League Cup section)


    16 Aug 1967 – Rangers (1872 or 73 to 2012) 1 Celtic 1(League Cup section)


    19 Aug 1967 – Celtic 3 Aberdeen 1 (League Cup section)


    30 Aug 1967 – Celtic 3 Rangers (1872 or 73 to 2012) 1(League Cup section)



    In a league game on 10 Feb 1968 v Motherwell at Fir Park in a 1-0 win Stevie Chalmers replaced John Hughes (our scorer) thereby and the Lions were briefly re-united.



    Possibly could be others but I doubt it.





    Some grand pubs in Killie. Get aff,catch the next train.

  22. I know I should not be suprised but seriously the second rangers tie is being broadcast live. By whom ?



    Every other tie in the round is more interesting than that one.



    How does a programmer justify that as a pick.



    Imagine there is a shock there. Now that would be hilarious.

  23. Eddie.



    Tell DD to search for mapa Scotia.


    A stone memorial build by the polish in a hotel ground in the Borders.



    I read about it this morning. Learn something new everyday right enough.



    He probably knows all ready .

  24. Corckcelt…



    A happy birthday to your goodself, flouncing is not the way…stand your ground and fight your corner.






    Happy birthday mate…the above applies to yourself, speak your mind, that is why we all came on to here in the first place.






    Did you ever get the Christmas drink I left behind the bar in the zoo?



    I had a few with wee Dennis that day.

  25. The Lions first appeared together in a 4-0 away victory at the old Muirton Park on January 14, 1967. They next appeared with that line-up in a 0-0 tie with the sheep at Parkheid on April 19. 6 days later again on a 0-0 tie in Prague and their final appearance together was in the title winning 2-2 tie at a rain soaked coup on May 6.



    If Jock had had his way, in an effort to protect in his eyes, the “greatest Celtic team of all time” they would never have lined up together again.



    IMHO “Hampden in the Sun” was the greatest.



    Their 1st game after Lisbon John Fallon was in goal, was Ronnie injured, don’t think so. Our first defeat after Lisbon at the bigot dome Davie Cattenach played at right back and 4 days later in a defeat to Dynamo Kiev the Lions appeared again.

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