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. Tontine Tim…



    My post at 3:42 should have stated the Lions started 11 games together not 10. I omitted the Dinamo Kiev loss from the list (still hurts!).



    Kiev were put out in the next round by Gornik Zabrze (a good team then).

  2. Have a look at the beebs coverage of the SC According to them the jambos and the sheep ted 3-3, even though their game hasn’t kicked off yet. jambo’s goals are scored by 3 Linlithgow Rose players with one being sent off while the sheep’s goal scorers all play for Forfar. FFS you all pay for licences tae that scabby mob.

  3. jude2005 is Neil Lennon \o/ on





    They can only be the Lisbon Lions after the 25th of May 1967??? Not nitt pickin btw!!!

  4. Arsenal just score a perfect third.



    Exquisite outside of the boot 40 yard pass to the wide man.



    He takes perfectly on the run at pace and slots a through ball past 2 retreating defenders for Giroud to tap home.



    Absolute top class football.



    Their second was pretty neat too. A one two with the wide man and a cut back for Ramsay (I think it was) to score.

  5. Gordon/ Jude2005



    A wee p.s. to the Lisbon Lions Side (after 25th May):



    Celtic lined up v Real Madrid in Di Stefano’s testimonial (winning 1-0). Stein ensured that the EC Winning Side wouldn’t face RM – who were somewhat miffed that Inter had ko’d them in the semis and considered that they should have won the EC in 1967.



    John Fallon played in goal and Stevie Chalmers was on the bench – think there was another change but can’t recall.

  6. Almore sorry for time to get back to you at work mate. According to the Irish Post the council have cancelled the parade and will re introduce the parade 2017.


    Can you pass on my good wishes to Cloghercelt.










  7. Pogmathonyahun aka Laird of the Smiles on

    Bolton get late equaliser, I wonder if it will merit a mention on BBC Scotland? Happy birthday ACGR.

  8. With Airdrie, Ross County and St Johnstone all failing to win ole Jobo and 8 others crash out of LMS6.




  9. i'vehadtochangemyname on

    Happy birthday cc



    Anybody see jinky and george best?



    Wonder in how they’d be against each other ?

  10. May I add my birthday wishes to ACGR and Corkcelt . Just a thought why don’t all flouncers,former flouncers and future flouncers oganise a Hootenanny – but maybe not – nobody would turn up!!! All the best to the pair of you. H H Hebcelt

  11. Jude2005….



    It was Gornik who knocked Kiev out of the European Cup. They in turn lost to Manchester United.



    A few seasons later the Poles knocked Rangers (1872 or 73 to 2012) out of Europe. A result which lost manager White his job.



    weet weet weet…



    I’d say John Hughes.

  12. Breithla Shona Corkie agus ACGR.


    For those travelling to and from the game tomorrow from the occupied 6, caution as boats won’t be segregated. Given that the Huns are playing at the bigot bowl then there will be more of them travelling.


    Incidentally never been on a boat pre segregation when we outnumbered them and there was trouble. When they outnumbered us it was a different matter.



  13. Ps


    Given that it’s a different team now……maybe that will change. Same flies though so doubt it.

  14. weet weet weet(GBWO) on

    Yes it was yogi against Basle in the 1963-64 cup winners cup



    I was hoping yogi was gauny answer







  15. Joe Filippis Haircut on

    Ex Celt and man of many clubs Craig Beattie nearly put the cup-holders out all that stopped him was a great save from the Inverness keeper. I would think Stirling Albion have lost there chance now as I cant see them winning at Inverness. H.H.

  16. Praecepta @ 4:43…



    Willie O’Neill also played in Di Stefano’s testimonial game at the Bernabeau.



    Bertie was sent off too!

  17. What is the Stars on

    Mighty tim


    That story in the irish post about Dublin City Council cancelling easter parade. Have you a link to it?


    Certainly news to me

  18. Nye Bevans' rebel soldier on

    Good Evening Timland.



    Been dipping in tae cqn the last few day’s,


    it seems the hun have got the begging bowl


    oot,if they and us negotiate the morra’s tie’s


    will the power’s that be throw them another


    lifeline and pull a O## F### tie oot the hat?

  1. Pages:
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  12. 49