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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1,829 Comments

  1. TBJ

     

    Just read an article on Celtic News Now, with John Collins saying we will Not be signing Aiden.

     

    And another saying we are signing some winger from Sporting Lisbon – Mane ? played once this season, is James F going ?

     

    I honestly think our Squad is extremely bloated, we need to be moving quite a few on, and clear the decks of those Lidl bags :-)

  2. G64

     

    No it didn’t…….

     

    There was two at the back with Biton holding, the two full backs were bombing forward when they could, big Carlton was a target man and the rest did what they did, no way on Gods earth was it a 442.

     

    HH

  3. Was the alleged “hurler” a breakaway Brown Brigader……………

     

    ……..or just another

     

    ………………fundamentalist?

     

     

    ;)

  4. Just read about Ivan Mocinic

     

    A holding midfielder, who can play across the full midfield – so a left sided one :-))))

  5. Excathedra

     

     

    Seriously my friend, what real harm has been done?

     

     

    Who cares what the MSM say?

  6. I’m not adverse to a boycott. I did it before and would do it again if necessary to advance our cause. However in the current malaise I suggest the best form of protest would be to get as many Celtic supporters as possible to CP for all our remaining games and get behind the team like we have never done before. These halcyon days are due to come to an end soon. Let’s show the world and our board that we don’t need any old firm nonsense. Let’s enjoy being Celtic supporters. HH

  7. Night Night. Zzzzzzzz. Long day tomorrow, and when I look at the lake outside my living room window, I do despair. Lol. HH

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

    The sun headline

     

     

    Jungle Jim throws grey friers Bobby at the seaside (mrs)

  9. Wonder if they’ll mention the flares thrown by Ross County fans at East End yesterday?………………Thought not.

  10. Craigellachie10 on

    Every minor shout for Stranraer being highlighted no look at the ludicrous foul against Cole.

     

     

    And as for the opening comments! I heard what might be ‘deemed offensive by some’ in Scotland but anything sectarian?

  11. POGMATHONYAHUN AKA LAIRD OF THE SMILES on 10TH JANUARY 2016 10:15 PM

     

    TBJ,

     

     

     

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

     

     

     

     

     

    “McCafferty yer Lidl bag’s oot!”

     

     

    __—————–

     

     

     

    Fenian alley.

     

     

    The original throwing shit at monkeys

  12. HAMILTONTIM on 10TH JANUARY 2016 10:30 PM

     

    Excathedra

     

     

     

    Seriously my friend, what real harm has been done?

     

     

    Who cares what the MSM say?

     

    ======================================

     

    HT

     

    In a balanced environment that may well be true,however,we are giving our detractors ammunition,lets see how innocent the reporting is on the crappy Sportscene when they attempt to whip up an antii Celtic agenda.

     

     

    With regard to no harm done the fumes from these flares are dangerous, particularly to people with asthmatic conditions,a friend of mine had to leave the ground at Ross County as he could not risk inhalation which causes seizure.

  13. Extra

     

    When has it ever been any different ?

     

    The will make up the lies whatever we do or not do, they hate us, simple as.

     

    Will it make a difference to your life what they say ?

     

    HH

  14. glendalystonsils on

    Someone needs to explain to the BBC ,the difference between sectarianism and republicanism.

     

     

    They seem a tad confused.

  15. EXCATHEDRA44 on 10TH JANUARY 2016 10:43 PM

     

     

    I agree with your point about the fumes, twice I’ve had to take the missus out of the Shed at Tannadice.

     

     

    However, I’m reading all this stuff on Twitter that all those who went today should be banned for life from ever attending Celtic games again!

     

     

    I think some people need to calm down mate. The MSM will do what they always do.

  16. Another small step forward in the redefining of ‘sectarian’ from Sportscene tonight. Police Scotland will be pleased.

  17. HT

     

     

    Just popped in before I popped through, spot on kiddo. Hope all are well and Zzzzzzzz’s now. Take care “C” and look after Our favourite Ghirl, the lovely “H”.

  18. Maybe Celtic will finally act and ask for details of the alleged sectarian singing?

     

     

    The situation since BBC described chants as sectarian has been left unchecked since Hampden and the

     

    Pat Nevin Rob McLean slur.

     

     

    To say it’s overdue is an understatement, maybe Ian Bankier could lead the call?

  19. Craigellachie10 on

    England’s future number 1 a tad flat footed at the cowden goal. Hope it doesn’t cost him the chance of a move to Pittodrie to replace Danny Ward!

  20. Cheers Fra we had a great wee day today standing alongside Dena who might just be getting home now!

  21. blantyretim is praying for the Knox family on

    First away game this season, enjoyed the first day out and a good victory helps

  22. HT

     

     

    Thanks for that. Really need kip now. Maybe a wee chat tomorrow if that’s ok? Luv yawl. Lol. HH

  23. BSR

     

    Ian Bankier’s first thought will be to criticise the Celtic fans conduct

     

    He has a track record on this type of action

     

    Has anyone heard him speak up on their or even Celtic’s behalf ?

     

     

    Nytol

  24. blantyretim is praying for the Knox family on

    HT

     

    Home about 8, stopped off in Girvin for fish supper, made mistake of going to wrong chippy

     

    Rank rotten

     

     

    Detest this BBC crap.