When the wealthy borrow from the poor

1829

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. ACGR

     

     

    Happy birthday kiddo. You have my email address, you want my moby, bMCUW will oblige. Dying for a meet up at CP, doesn’t have to be the coarner, (ask Dena29) lol, geez a contact ya rascal. Really miss the laughs we had. Hope yer well buddy. HH

  2. Cosy corner bhoy

     

     

    So glad you produced one of the best friends I have ever had to date. Fare cheers me up twice a week. SUPERSTAR. HH

  3. Dallas.

     

    If you’re still lurking, caught up with your post last night. Yes the wings of a sparrow one of my favourites. Have you heard about Lee. Queens Park have accepted two bids from clubs. It’s up to him now, he’s in Valencia just now.

     

    H.T. I was slagging you last night I told Almore you are a lightweight and slept all the way home from Dingwall, either that or it was my crap patter. I was talking about our conversation about songs we used to sing in the jungle that we hardly hear anymorelike Billy Reid. Hope you are well my friend.

     

    The barcamole Hail Hail my friend it’s Debbies birthday today that’s her 36. How time flies my friend, I think she was 21 when you looked out for her in Norwich.

  4. Dallas Dallas where the heck is Dallas on

    The exiled tim, jim Spence is going up even higher in my estimation with his replies to tweets made by the horribles. He is a class act.

     

     

    The sevs in my work are rejoicing in the thought United look like getting relegated. Apart from games against us, I hope United stay up.

     

     

    It would be enjoyable for the Dons to get an undeserved equaliser . Just to stick it to the maroon balloons.

  5. Cosy Corner Bhoy…

     

     

    Shocking stuff, it’s all about money now.

     

     

    The youngsters are being priced out of the game due to their parents being unable to afford to take them.

     

     

    It was more lenient when mines were younger (not that long ago) or I couldn’t have afforded to attend.

     

     

    The thing is, both are Celtic through and through and spend plenty going to games and buying merchandise now on their own behalf.

     

     

    Maybe the board should look at the big picture before too many drift away. HH

  6. Cosy Corner Bhoy on

    Ah well! That’S Ronnie grubbed again! Having replicated last season’s performance where he won FA McInnes will be the manager of the year! Only in Scotland:) GUBBED BLOODY TXT,

  7. Pogmathonyahun aka Laird of the Smiles on

    Nye, on that performance the only thing they’ll be chasing is their tails. :-)

  8. JNP

     

     

    Ya oul bugger! :-) I was out last night and didn’t read back. Apologies for my poor company on the way back from Dingwall. In my defence I really was just topping up from the night before.

     

     

    Hope you’re all well my friend.

  9. Dallas Dallas where the heck is Dallas on

    Gearoid, i believe he is a Dons fans and not kid on fan like Chico and Gordon Waddell and their respective status as St Mirren and Falkirk fans.

     

     

    Will the media slate Jose McInnes for them going out both cups before the end of January and will it threaten his manager of the year in Scotland award.,

  10. Nye Bevans' rebel soldier on

    Goodnight Timland.

     

     

    A safe and speedy journey for our magnificent

     

    away support the morra,yees are the very best.

  11. Bourne

     

     

    I’ve just been texting an Accies fan that I know through FAC, she’s absolutely livid.

  12. Dallas Dallas where the heck is Dallas on

    Jimmynotpaul, I hope you are well.

     

     

    I found out yesterday, Lee had knocked back one club offering him a two and a half year contract plus an English Championship club are interested him .

     

     

    I didnt know he was in Valencia. His dad was at work yesterday so I gather he hasn’t went over with him.

     

     

    Good luck to the young man , I hope he makes the right choice of who to sign for.

     

    I hope he gets something

  13. Joe Filippis Haircut on

    Well the jam tarts are through and the Dandy Dons are out a good cup tie but not a lot of good football both sides tried to murder the ball.H.H.

  14. Nye

     

     

    Really, really looking forward to tomorrow’s trip, it’s always good to go and watch Celtic at a new venue.

  15. HT

     

     

    Got a reply from a case worker of my MSP Bruce Crawford saying he will reply to my e-mail regarding OBAF . Will let you know his reply.

  16. Joe Filippis Haircut on

    I would think the Dons need a new manager Mc Innes has stalled and there is no progress being shown.It is time for a fresh manager with fresh ideas.Aberdeen are stale and one dimensional. H.H.

  17. Dallas

     

    He fair winds them up, did you see his soup tweets, they were superb trolling.

     

    I hope they stay up as well, but too far gone me thinks, shame.

     

    HH

  18. Exciting game at Swinecastle…proper old cup tie. Not too much football , Hertz are a team moulded like Leveins old team, big aggressive defenders and wee it of flair from the Sow fellow.

     

    I do think Paterson is one of the most improved footballers in Scotland and a better defender than most of our squad.

     

    We will be drawn there if we go through tomorrow.

  19. Aiden

     

     

    It’s greatly appreciated mate, many thanks.

     

     

    For those of you who’d also like to support the petition to have the OBaF Act properly reviewed and repealed please copy this, adding your own details, and send it to your MSP.

     

     

    ——–

     

     

    Dear

     

     

    In June 2015 the Scottish Government reneged on its promise to carry out a full and transparent review of the Offensive Behaviour at Football Threatening Communications (Scotland) Act 2012. Instead, the Minister, Paul Wheelhouse, in a twenty minute statement to Parliament, quoted selectively from a single piece of research and a highly skewed YouGov poll commissioned by his Department. During the ten minutes of questions he also lied to the Chamber by saying that Fans Against Criminalisation supported his diversion from prosecution scheme. I am shocked that he has repeatedly refused to withdraw this comment after being requested to do so by that organisation.

     

     

    On Tuesday 12th January 2016 a petition will go before the Petitions’ Committee asking that Parliament carry out the review of the Offensive Behaviour at Football Act which the Government has conspicuously failed to do.

     

     

    I am writing to you as your constituent to ask you to support the petitioner and the aims of the petition either in person at the meeting on the 12th or by writing to the Chair of the Petitions’ Committee in advance.

     

     

    I look forward to your response.

     

     

    Yours

  20. Ron Bacardi @ 5:50…

     

     

    You are correct, Bertie was sent off in Montevideo but decided he didn’t want to go!

  21. What is the Stars on

    Bankiebhoy

     

    Re books about 1916

     

    The Scrap by Gene Kerrigan, I would highly recommend

  22. Surely the impartial SMSM will now be debating the future of McInnes. Blew a 5 point lead out of both cups in early rounds bigger budget than most clubs.

  23. Jimmynotpaul on 9th January 2016 7:18 pm………..

     

     

    Wish Debbie a big HB from me T……………

     

    Naw, she must have been younger than that……..Maybe it’s just me that’s getting old. Loved her to bits but she maybe thought we were too protective -:) Smashing ghirl and fond memories of that time.

     

     

    See that you mentioned Billy the other night; what a carry on that bus was at times……

     

    Cologne!!!! Along with a few of our English compadres, me, the Bold Billy and his brother Eddie, the Fitzys and Chunkie sure partied all through Germany and BTW we travelled the whole way by bus even stopping off at yon place some of you moved to ……………….”Whit’s it called????” to pick up a few stragglers, some of whom are now able to post on here given that they took adult education classes as part of their Community Payback Order bargaining……………

     

    Billy was definitely a shining star, yet another ghuy taken way too young as was PF….

     

     

    Flying Monday, so if you like, sort something with Ravi or Rockon and we’ll get together otherwise the blog will become way too maudlin for us big hard ghuys eh!!!!

     

     

    Regards & Hail Hail

     

    TBM

  24. H.T.

     

    Hey C no need whatsoever to apologise. I had a blast. I just wish it didn’t take me so long to recover. Struggling a bit again with my health will tell you more when we catch up.

     

    Dallas.

     

    I presume you know the two clubs. As you say he knocked back a 30 month contract although I think his Dad wants him to take a bit more time to think. Yes you are correct his Dad is not in Valencia

  25. blantyretim is praying for the Knox family on

    WC

     

    You know TBM is a close friend of TG and like me is a long term Cqn poster

     

     

    Unlike me he has probably read some of the articles which appear on the new Cqn

     

    I only read Paul’s article and comment on the Cqn articles because I am old Cqn

     

     

    If you are upset by any comments on Cqn re the are articles read or not by posters can you respond in the old Cqn way and respect others views

     

     

    You disappointed me with that response as Cqn rules are for all

  26. JNP

     

     

    It was indeed a great wee laugh. Genuinely sorry to hear your health hasn’t been great, you know H and I are only a call away T.

  27. Pogmathonyahun aka Laird of the Smiles on

    LVG now being dissected on BT Sport. Paul Scholes is livid but trying to be diplomatic about LVG – ” Mun U were boring, even LVG looked bored” lol.

     

    Ronny is on a hiding to nothing tomorrow, if we don’t run up a cricket score there’ll be plenty on here tomorrow as well as in the MSM giving him grief.

     

    Me? I’ll be happy with an entertaining win.

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