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.

Click Here for Comments >
Share.

About Author

1,829 Comments
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 49

  1. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Date: 7th January 2016

     

    Scottish football needs and deserves a future. As a movement of some 50,000 fans (and growing) the Scottish Football Supporters Association (SFSA) believes that it really is possible to renew, reform and reclaim the game. But the engine of that transformation has to be those who love and follow the game. That is what this Fans’ Manifesto is all about.

     

     

    In 2015 we asked football supporters across Scotland what they wanted to see for the future. We got an amazing 10,000 responses. Among the mass of ideas and comments there were aspirations large and small. In this document we have distilled some of the biggest ones, and combined them with ideas that have now been in circulation – buttressed by a number of other surveys – for some time.

     

     

    This Manifesto contains nine key pointers towards the future of football game in Scotland. It is intended not as an end, but as the beginning of a renewed national conversation that needs to reach out well beyond the established boundaries if it is going to bring credible action.

     

     

    Download the manifesto here

     

     

    http://scottishfsa.org/wp-content/uploads/2016/01/SFSA_The_Fans_Manifesto_A4_20pp_Screen.pdf

  2. To anybody who loves to see a giant ego get bruised. Poor Yaya is crying corruption because he came second to Aubameyang (27 goals in 27 games)

     

     

    http://www.theguardian.com/football/2016/jan/08/yaya-toure-reacts-angrily-to-not-being-named-african-footballer-of-the-year-reports

     

     

    Touré, who was named African footballer of the year in 2011, 2012, 2013 and 2014, is reported to have said: “I’m very, very disappointed. It’s sad to see Africa react this way, that they don’t think African achievements are important.

     

     

    “I think this is what brings shame to Africa, because to act in that way is indecent. But what can we do about it? Us Africans, we don’t show that Africa is important in our eyes. We favour more what’s abroad than our own continent. That is pathetic.

     

     

    “As I’ve been told many times, you can’t take care of Africa too much because Africa will be the first to let you down.”

  3. IIRC that £22 mill figure is way way below the actual cost, I read somewhere last year on a gov site that the figure is nearer £60 mill, which I think is still too low, consider all the marches they have over a year, all the overtime, the helicopters the extra manpower the transport the logistics etc.

     

    It wold be cheaper to bring out a new law banning them :-)

  4. Canamalar it looks like OCD obsession on

    Sips..,

     

    That was the cost for 2014, never seen a cost for 2015 but don’t imagine it was much less.

  5. Canamalar it looks like OCD obsession on

    I remember asking the Scottish supporters association for help with res 12 only to be told they don’t want to get involved with old firm problems, so you’ll excuse me if I pish on their self aggrandising

  6. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    CANAMALAR IT LOOKS LIKE OCD OBSESSION on 8TH JANUARY 2016 4:46 PM

     

     

    If you have that in writing you should publicise it ?

     

     

    Acting like Celtic´s PLC disgraceful

     

     

    HH

  7. glendalystonsils on

    AWE_NAW_NO_ANNONI_OAN_ANAW_NOO on 8TH JANUARY 2016 3:46 PM

     

    Not even Lionel Messi could do that’: Watch Rangers target Toumani Diagouraga in action for Brentford

     

     

     

     

    11:17, 8 JAN 2016 UPDATED 11:18, 8 JAN 2016

     

     

     

     

    BY FRASER GLEN.

     

     

    Fraser Glen is an anagram of Green Larfs.-:))

  8. The cluster#### that is Sevco brings daily delight to this Tim. I think sometimes to the early 90’s and tge disaster Celtic were. We knew all about our troubles as the Sevconian hoarded still sing. But by golly they pale in to insignificance to the death of the old rangers and the complete and utter mess they have made with the frankenstein version.

     

     

    Hubris did for them and is doing it again.

     

     

    Anyone still concerned that they might challenge us or even Aberdeen or hearts is simply afraid of a shadow of what used to be, a troll under the bridge of their own imagining.

     

     

    With all my being I hope they don’t get promoted but I fear them no more than I fear Stranraer – on a one off occasion with a fair wind behind them and an off colour Celtic performance they might embarrass us but over a season? They will run out of people to blame for the hidings they will take from us, from Aberdeen, from hearts, from a whole load of others.

     

     

    The big lovers if they get up are sevco and the emergency services who will have to pick up the pieces after them.

     

     

    If they don’t get up this season? I reckon that’s it for them. Kaput. Done for. New new club, new stadium, FC rangers of Govan junior fitba scenario for the die hards and a big increase in numbers attending crown green bowls and playing golf on Saturday afternoons……

  9. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Canamalar

     

     

    for me it has to come under the remit of cleaning up the Scottish game.

     

     

    At least Morrissey23 was physically intimidated by the PLC´s poorly paid gimps (Celtic employees in case anyone is asking …no apologies offered before anyone requests) when he came calling about Resolution 12.

     

     

    A dirty phone call that you instigated …

     

     

    Ah well sixes and half a dozen

     

     

    HH

  10. Serious question, when have we ever taken someone on trial, signed them and they have become a first team regular?

  11. Canamalar it looks like OCD obsession on

    Awe_Naw…,

     

    I thought corruption at the SFA was a bigger issue that old firm and worthy of cross club support.

  12. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Canamalar,

     

     

    I agree with you .. but they see us as being the problem.

     

     

    I know this sounds daft but maybe if they occasionally won something they might be.

     

     

    As far as I am concerned why should they back a Celtic AGM resolution that our main shareholders want buried along with our fellow imbecilic supporters ?

     

     

    Gotta go catch your reply later

     

     

    HH

  13. Canamalar it looks like OCD obsession on

    Awe_Naw…,

     

    The discussion was about raising awareness and encouraging other supporters to bring similar resolutions to their own AGM’s.

     

    Suffice to say the SFSA ran a mile and labelled it old firm for good measure, they are part of the problem notthe solution.

  14. Canamalar…

     

     

    Cheers for the reply… To think their new club is scratching their arse whilst so much is being spent on the polyester prods to defile our streets…deserve all they get.

  15. Everyone who ordered a book, DVD or Annual from http://www.cqnbookstore.com before Christmas was placed in a raffle today and Paul picked 3 winners at random.

     

     

    The prizes include some lovely cashmere Celtic scarfs and hats and these, along with some books etc have now been sent out to our 3 winners.

     

     

    The cashmere scarfs and hats can be seen here:

     

     

    http://www.savile-rogue.com/scotland-premier-league-c3/celtic-c42

     

     

    The 3 winners are:

     

     

    Mark T from Stepps, Marie K from Birmingham and Angie B from Carlisle. Prizes should be with you on Monday.

     

     

    Thanks to everyone who has ordered from http://www.cqnbookstore.com

  16. Good evening friends.

     

     

    Been snowing here since about half 2 and worried that tomorrow’s cup tie for my home team may be in danger. If only I did forecasts….

  17. Taking players on trial.is what celtic do in the January transfer window. They seldom do sign them on permanent deals. This thing with Ronny and John Collins. Watching. players doesn’t hold with me.I bet they sign no one.

  18. Canman

     

    There has been rumours for a few days about an arrestment being made against the huns.

     

    One of the mods on KDS has posted that he heard about it a few days ago, but it seems that it’s no a rumour but a goer, it’s on their sevco thread.

     

    HH

  19. What is the Stars on

    Tim bhoy

     

    Re signings.

     

    Worse than signing nobody would be signing someone who they then decide never to pick or play.

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 49