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. WITS

     

     

     

    ………I was actually going to make an equivalent reference to that “Independent” belter………

     

     

    His allusions to Sun Tzu and the art of war ensures my blood pressure remains elevated.

     

    …………………………………………………………

     

    Hows about John Bruton….?

     

     

    ;)

  2. Now ghuys

     

    That’s Eoghan Harris and Ruth Fuddley Duddley mentioned on here tonight. Where’s the monitors when you need them…my eyes, my eyes…

     

    HH ghuys.

     

    Dena careful on the trip tomorrow.

  3. Gerryfaethebrig on

    Dallas

     

     

    I will never try and make her like football, it’s enough she asks “did we win today” and also joins me when laughing at her mums team(s)

  4. Hoopy Birthday to Cork Celt and ACGR. Get yerselves back on here, you know it makes sense. The future is green and white.

     

    HH

  5. John Collins in Sunday papers tomorrow saying how we miss Sevco and them coming back will galvanise us next year. Speaking for himself as far as I’m concerned and if that’s the clubs official view God help us.

  6. BIG-CUP-WINNERS on

    The BBC Reporting Scotland programme had a comical piece midweek about their community singing.

     

     

    It included a short video of an entire section of the Peepul, belting out their dirge.

     

     

    The report then added Police Scotland were investigating.

     

     

    It stopped short of stating “they are appealing for witnesses”.

     

     

    You may recall Neganon2, hitting out at Celtic for giving out Celtic supporters details to the Police?

     

     

    Let’s see how much gusto there is for applying the law to this episode.

  7. Gerryfaethebrig on

    Corkcelt

     

     

    Hope you had a great birthday

     

     

    For the Cqners in Stranraer or en route the morra have a great night(day)

     

     

    For all the rest God night and God bless

     

     

    Enjoyed some of the Scottish Cup highlights on sportscence but had to laugh they finished the programme off with the Clyde v Celtic game…….. Smile at their pain !

     

     

    Hail Hail

  8. Dallas Dallas where the heck is Dallas on

    Gerry, she sounds wise beyond her years.

     

     

    My son’s team are playing in Larkhall tomorrow, oh the joy.

     

     

    His coach text him earlier to say the game is still on.

     

     

    A nice afternoon to be spent in the McStay’s home town. I’m trying to find a positive about going to Larkhall.

  9. glendalystonsils on

    Hunbelievable nonsense on Sportscene….Sevco should have an easy win v Cowdenbeath but Celtic will be wary of a cup upset v Stranrear ( cue clip of Clyde beating us 10 years ago) and pressure will be heaped on Ronny Deila!!!!

     

     

    Feckin Hunbelievable!!!!!

     

     

    ‘Mon cowdenbeath!

  10. ‘Fans shareholder group chief quits amid plans for £500,000 interest free loan….Mr Bowman is requesting RF put on HOLD with immediate effect the offer to loan RIFC 500K’. Something stinks here.

  11. GuyFawkesaforeverhero on

    Honestly, I’m not a Celt who gives a monkeys what fans who pretend to love my club, think.

     

     

    I’ve read a bit of these eighteen pages. Junk.

     

     

    Well played to our team’s second string, putting another three points up against the rest of Scotland’s best squad fill-ups. I’m very proud of the display you guys are making Scotland watch.

     

     

    Good luck to the Celts tomorrow. My brother and I are heading down to the coast and then Dundee on Friday. We do it without tickets in advance.

     

     

    What kind of Celts think they deserved a brief, just because they’ve paid for every one given to them?

  12. What the hell is John Collins all about.

     

     

    If he can comeback and say I was misquoted then do it.

     

     

    Otherwise he is talking shit.

     

     

    Laurie from denniston is the only old firm supporter I’ve ever heard.

  13. Not wuite sure if it’s quite late or very early but anyway, a big hello to anyone looking in and as always, be happy!

     

     

    Tend to stay well clear of predictions but I’m expecting my next post to be on page 19………..

  14. GuyFawkesaforeverhero on

    So, as my bit of fun following the question I asked above.

     

     

    Players comps?

     

    Board members pass-ons?

     

    Bus convenors speed dial?

     

     

    That won’t be us.

  15. Neil Lennon & McCartney on

    GORDON64 on 10TH JANUARY 2016 12:12 AM

     

     

    ‘Fans shareholder group chief quits amid plans for £500,000 interest free loan….Mr Bowman is requesting RF put on HOLD with immediate effect the offer to loan RIFC 500K’. Something stinks here.

     

     

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

     

     

    It sure does. If you have not read this already, you may find it of interest ~ and hilarious!

     

     

    http://www.philmacgiollabhain.ie/confused-and-at-a-loss/#more-7221

     

     

    HH

  16. In a most ironic way, it seems second rangers will go into administration on saint Hugo’s day.

     

    Like the club before them.

     

     

    Its not Michael that’s the first outstanding bill, but the telecoms provider.

     

     

    That’s the arrestement order to come this Wednesday.

     

     

    Then Ashley comes back in.

     

     

    Then payroll is not paid for January.

     

     

    King due in on 17th January,

  17. Aidenbhoy@11.36

     

    Firstly someone should tell John they ain’t coming back anywhere as they have never been there in the first place. THEY ARE A NEW CLUB.

     

    Secondly

     

    I know of no Celtic supporter who want the bile, bigotry and “their”take on Community singing associated with the new club anywhere within a million miles of our club. New shite, same flies indeed.

     

    Oiche mhaith Tims everywhere.

  18. Gordon…

     

    Watched the Scottish Cup secvo footbal show on bbc earlier, followed by the non bigoted english version immediately after.. and paid attention to the team selection and formations.. not one, not one team lined up with anything other than 4 2 3 1 or 4 3 2 1, not one!!!

  19. Margaret McGill on

    55% of Celtic supporters (that I know) love Rum Sodomy and the Lash…as long as it comes from a hun!

  20. Georoid1998 Happy New Year amigo. I said along time ago that there was only one team capable of stopping us reaching the magical 10 in a row. We should have been light years ahead of them by now. Instead imo we have gone backwards. RD and his tactics have reduced to us to a half decent Norwegian league team.

  21. Margaret McGill on

    It’s inconsequential what the Celtic squad is or who the coaching staff are for the next 5 years as the Old firm gets re-established. Celtic are going nowhere. I suspect in 5 years Lawwell will be the highest ranking sacrificial lamb in the Donuts pecking order. 5 years.

  22. Margaret McGill on

    Shucks! Whit’s wrang? “You know Celtic are shite, the players are shite, the coaching staff are shite, we play like shite, the tactics are shite, our scouts are shite, the atmosphere is shite, the attendances are shitier, whits wrang? that lawwell though…..whit an anti hun accountant he is..superb!”

  23. The huns operate in an world outside the law and without the requirement to adhere to the rules of the sport they disgrace.. that alone is a grotesque scab on our country. That they have the full and unchallenged support of the media, on a par with the most dictatorial corrupt regimes in the world, is worse.

  24. Went visiting to my sisters the other day.. they got a new puppy and have been tryin to house train it.. they been puttin down sheets of the daily ranger.. the little runt wont even use it and still shits on the floor.

  25. GuyFawkesaforeverhero on

    Margaret McGill on 10th January 2016 1:27 am

     

     

    Ok, i’m here for a bit. Rum, sodomy and the lash?

     

     

    Seems to me you have issues with the English Navy or The Men They Couldn’t Hang. Let me know where you pitch you’re stupid opinions and I’ll get back to you.

  26. Time for Celtic supporters to start supporting the team. Buy a ticket for someone you know. Very soon we will be facing the forces of darkness and these happy care free days will only be a distant memory.

  27. Gordy64

     

    Thought you were on a sabbatical big ghuy. Asked VP to pass regards on to you. Hope you and yours doing well.

     

    Just hoping against hope that the current malaise will be turned around.

     

    HH Gordon

  28. Gordon 64…

     

    “Support the team”?? can only say that in my opinion, the split on here is 50 50.

     

    People who pay their money are entitled to their opinions, and that is right and proper, and I welcome discussion and constructive criticism.. makes for a better world. But when we are faced with the most anti Celtic bias and bigotry in out broadcasting media, why oh why do we give them ammunition.

  29. GuyFawkesaforeverhero on

    Margaret McGill knows everything

     

     

    Mags, what does Stephen Frail think about the job he walked away from last year?

     

     

    I’m an outsider, but I look at the second team table where my team is 6 points clear with 3/4/5 games in hand. Where are we going wrong, Mags?

  30. Roy C

     

    Breithla Shona to your bhoy.

     

    The son should be very proud of his dad as well. Keep the faith Roy.

     

    Defo off to mo leaba.

     

    HH

  31. Margaret McGill on

    GuyFawkesaforeverhero on 10th January 2016 1:58 am

     

     

    I cannot be sure but I suspect Frail left due to meddling.

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