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. JNP

     

     

    Delaney’s Dunkey is yer man, he was actually talking today about the number of grounds he’s visited.

     

     

    Following recent draw patterns we’ll get another away game. If so I’d like another one that’s new. Annan would do fine! :-)

  2. thomthetim

     

     

    I agree again,

     

     

    I don’t see anything on the list I created other than the Rangers scandal as being a question that will decide on how I support Celtic in 2016 and beyond.

     

     

    Downsizing or Peter’s bonus payment for example is a mere detail, and can be debated all day.

     

     

    I even agree with the boards frugal financial constraint, that used to be called ‘ biscuit tin’ whilst Rangers were running amok with ‘side contracts’ until they died.

     

     

    I find issues like that, as merely issues, but they are not really game changers in how a Celtic fan decides how he’ll support Celtic.

     

     

    This weekend we have the new festival of the Scottish Cup when Sevco compete in, and are given equal billing with ‘old firm’ rivals Celtic.

     

     

    A sickening flavour of what is just around the corner, tomorrow we have square ball and round ball, or hot balls and cold.

     

     

    The Celtic fan is left to decide on whether or not to partake, or maybe the draw with throw up a surprise?

  3. Tom Boyd is better than SuperSutton on

    A fairly run of the mill and expected victory. Some humdrum football interspersed with enough quality and guile to keep interest levels up.

     

     

    However. The commentary. The referee. Come on.

     

     

    Corner for Celtic. Referee blows whistle prior to corner and has a word with Cole and defender. I concentrated on what Cole was doing. Corner kick taken. Ref blows for foul against Cole before the ball even reached the 18 yard box. Replay shows Cole was sandwiched between two defenders and did nothing except stand still whilst getting fouled.

     

     

    Moments later Tierney is fouled in the box. No penalty given. Walker conceded it might have been a foul BUT the ball was nowhere near them. Really? Is that in the laws of the game Andy?

     

     

    The ball was nowhere near Cole at the corner but the ref still gave a foul.

     

     

    How does that work?

  4. I’m sure some will remember the days when volleys of cans and bottles were raining onto the pitch at nearly every controverial incident. Todays fitba crowds are very tame by comparison.

  5. TBIBTS It’s known as a Dallasism. If the referee has to give Celtic a corner or free kick in a potentially goal scoring situation wait for the ball to be in mid air and blow the whistle. No one knows why but it prevents Celtic from scoring. Job done. HH

  6. Dallas Dallas where the heck is Dallas on

    Just read some of the tweets on E Tims twitter.

     

     

    James Doleman has one tweet saying the Stranraer FC chat twitter was only set up 17 minutes before the tweet about the crappy Lidl bag issue.

     

     

    The origins of the account had tweets previously sent to some sev, the Phantom, who tries to outsmart James .

     

     

    The smoke bomb guys may possibly have been those who try to get some singing going in the back of the Celtic End.

     

     

    Good solid performance today, let’s hope we build on it.

     

     

    I don’t know what was worse today , Dallas the younger ‘s performance or Walker’s ridiculous comments when Kieran was bundled over.

  7. Dallas Dallas where the heck is Dallas on

    Lenny’s Passion, there is a tweet on Celtic Underground twitter , from The Croatia CSC, a fee of 2.7 milion euros had been agreed for the player you mentioned.

  8. glendalystonsils on

    I couldn’t believe Dallas mk 2 gave a foul against Cole for the ‘crime’ of being squashed by two defenders!

     

     

    It wasn’t just assault, it was indecent assault! -:))

  9. Flares are a nuisance. Genovese derby game delayed midweek for 5 mins whilst fire fighters put out flares on the pitch. The last Athens derby was abandoned because of flares. There is no place in football for flares. Just take a look at the 1980 cup final riot. I have never seen so many flared trousers on a football pitch. Scandalous. Gokwancsc

  10. TBJ says Wee Oscar Knox is in heaven with the angels on

    I find it very hard to believe that a celtic fan would pay 5p for a lidl bag – shit in it – then throw it away ;)

  11. lennon's passion on

    DALLAS DALLAS WHERE THE HECK IS DALLAS on 10TH JANUARY 2016 9:14 PM

     

     

    Cheers mate. Glad you mentioned it makes people more comfortable talking about it.

  12. Dallas Dallas where the heck is Dallas on

    The exiled tim, would you expect anything else? Lol

     

     

    Remember the haggling over the Steven Fletcher transfer fee.

  13. So the Stranraer twitter account was just set up today, well I ‘ll wager the smsm don’t give a feck and will tell all in the press the morra, as I said, who feckin cares, they will make up anything to smear us.

     

    Feck them

  14. thomthethim for Oscar OK on

    BSR@8.41,

     

     

    Full agreement and an excellent précis of my view.

     

     

    Every other issue is irrelevant until we sort out the cheating and corruption that has been exposed.

  15. Pogmathonyahun aka Laird of the Smiles on

    HEAVEN WITH THE ANGELS on 10TH JANUARY 2016 9:28 PM

     

    I find it very hard to believe that a celtic fan would pay 5p for a lidl bag – shit in it – then throw it away ;)

     

    -–————————————————————–

     

    That rules out Paisley then!

     

    Firstly, they wouldn’t pay 5p for a bag, secondly they wouldn’t part with their shit. :-)

  16. Added to the lexicon.

     

     

    Shitebag

     

     

    A player who pulls out of a tackle.

     

     

    And

     

     

    A recipticle for storing bowel movements for firing into the oppositions fans.

  17. Dallas Dallas where the heck is Dallas on

    The exiled tim, I don’t want us ripped off but I agree with getting the deal done as quick as possible.

  18. TBJ says Wee Oscar Knox is in heaven with the angels on

    Gordon

     

     

    The lidl bags are inferior quality – sure the cashier warned me they don’t hold shit

  19. TBJ says Wee Oscar Knox is in heaven with the angels on

    Pogma

     

     

    I think the twitter zombie must have been watching ” just another Saturday “

  20. lennon's passion on

    If I had the wings of a eagle

     

    and a lidl back full of poo

     

    I’d fly over ibrox tomorrow

     

    and drop it on the zombies below

  21. Today there was a semblance of the real Celtic. I’m sure RD will resort to his default position. But at the very least he tried something different and it looked good. Fair play to our manager. Onwards and upwards.

  22. Why are we signing another midfielder

     

    Does he play wide left :-)

     

    Or more pertinent who may he be replacing ?

     

     

    Hail Hail

  23. TBJ says Wee Oscar Knox is in heaven with the angels on

    Lennons passion

     

     

     

    Just drop it on the roof of the stand mate …

  24. Good win,poor park,lousy roads,cold,atrocious viewing positions,3 steps high.

     

     

    I understand Sky said flares delayed KO,which was always 3:15 sounds like they have their facts mixed up.

     

     

    As usual idiots give papers something to divert to,its time Celtic refused to handle away tickets if they cannot eliminate these clowns who have only self interest as their focus NOT Celtic.

     

     

    I will be quite happy to secure my own unofficial ticket for away games if it removes these idiots.

  25. Dallas

     

    Either do I, but for 300K, just get it done, the boy looks a player, but so did many others.

     

    HH

     

    …………………………………

     

    G64

     

    At least RD didn’t play a 442 today.

     

    HH

  26. Pogmathonyahun aka Laird of the Smiles on

    TBJ,

     

    I bought the Peter McDougall DVD collection a couple of years ago.

     

    “McCafferty yer Lidl bag’s oot!”

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