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. Craigellachie10 on

    I don’t believe it an analysis of Wallaces ‘unstoppable’ performance against Cowdenbeath – the start of the recall for Scotland campaign no doubt.

  2. HAMILTONTIM on 10TH JANUARY 2016 11:00 PM

     

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

     

     

    and just on que I have just come through the door

     

     

    Big thanks to HamiltonTim and Minx for a great day with great company hope I didnt talk tooooo much :-))

     

     

    HH

  3. glendalystonsils on

    Sportscene doing an in-depth analysis/luv in on the huns. If the BBC was a subscription channel I would cancel right now.

  4. blantyretim is praying for the Knox family on

    Dena

     

    I met HT before I came round to meet you and the minx, he asked if I had any sweets to give you to keep you quiet for the second half, honest ☘☘⚽️⚽️

  5. I believe the Pat Nevin Rob McLean slur was settled by the BBC Trust with another spurious definition of sectarianism at football grounds.

     

     

    They didn’t just narrow the pitch, they moved the goalposts on that one.

  6. Dena

     

     

    As usual your patter was splendid and you always give me a wee chuckle.

     

     

    So much for it being a home game if you’re only getting home now.

     

     

    Take a bow missus, your devotion to our club is incredible.

  7. Pogmathonyahun aka Laird of the Smiles on

    Having watched the Liverpool game on Friday night and the comments being made about both Liverpool ‘keepers the thought did cross my mind yesterday that Liverpool might recall the boy from Aberdeen. Having said that I wonder how many LQN’rs will be posting that they don’t want him because he had the temerity to go up for the corners in the dying minutes of yesterday’s game?

  8. Hamiltontim on 10th January 2016 11:14 pm

     

     

    Its nothing you and many others wouldnt do if you had to :-))

     

     

    blantyretim is praying for the Knox family

     

     

    Your a bad bhoy :-))

     

     

    HH

  9. Spare a thought for Almore our bus left him at the bus station for the 10:30 bus

     

     

    so another 2 hours ahead for him . Thats dedication

     

     

     

    HH

  10. blantyretim is praying for the Knox family on

    Night fra

     

     

    Dena

     

    Did Almore not ask milish for a lift home?

  11. Pogmathonyahun aka Laird of the Smiles on

    Good night Bhoys and Ghirls, it was good to see CQN back to its best tonight with a return of a sense of humour. Might be something to do with a victory and the inexplicable absence of the agendanistas who only seem to appear when there is a reversal in Celtic’s fortunes.

  12. WEEFRATHETIM on 10TH JANUARY 2016 11:22 PM

     

    Dena29/HT/BT

     

     

     

     

     

     

    I am not worthy, but, love every one of you. Deffo bed. XXX HH

     

     

    -Luv Ya xx

     

     

    blantyretim is praying for the Knox family on 10th January 2016 11:24 pm –

     

     

    He took R home to Dundalk but that was no good for Almore we dropped him at bus terminal his bus was leaving at 10:30 and we just made it

     

     

     

    Gordon64 on 10th January 2016 11:29 pm

     

     

    Thank you but as I say its nothing you all wouldnt do if you had to and I just love to follow the bhoys

     

     

    HH

  13. Pogmathonyahun aka Laird of the Smiles on 10th January 2016 11:32 pm –

     

     

    Funny that isnt it

     

     

    goodnight sir

     

     

    HH

  14. Why didn’t Sportscene show the pyro that Ross County fans let off at East End Park yesterday?

     

     

    Aye, ok.

  15. HT R got a lift home so he had some company

     

     

    Almore has a long journey in front of him on his own :-((

     

     

    I couldnt do that imagine if I had no-one to annoy with all my talking :-))

     

     

    HH

  16. Goodnight Timland

     

     

    O how I love being a Tim?

     

     

     

    :-)))))))))))))))))))))))))))))))))

     

     

    HH

  17. CultsBhoy can not relate to Celtic Board ambitions on or off the park on

    …. Only to arrest the fervent lack of realism re their potential

  18. CultsBhoy can not relate to Celtic Board ambitions on or off the park on

    Has P67 been arrested for letting off flares?

     

     

    Why no new article?

  19. Not a single one has taken me up one who paid the hun fine for letting flares off, well I never, reckon yous all needed more than the three guesses I gave you, hey ho, you missed out, but not to worry, the smsm will be all over it won’t they.

     

    Sleep well Timland

     

    HH

     

    KTF

  20. I smell shite!

     

     

    A special mention for our Ireland based fans who made the journey over today to attend the game.

     

     

    Are you home yet?!

     

     

    Had a very enjoyable afternoon in a Troon hostelry in the company of ANGELGABRIEL and another couple of Tims to watch the game.

     

     

    HH!!

  21. Our European exploits were lamentable but domestically we should be unbeatable. I believe RD will win us the treble and I can retire as a Celtic supporter on a high. Unlike Mr Collins I will not be there next season to be threatened intimidated and abused.

  22. CultsBhoy can not relate to Celtic Board ambitions on or off the park on

    Gordon64

     

     

    Not sure Collins will be there either

     

     

    #fingerscrossed

  23. MSM

     

    Forensic as usual. How can they discover things which are not there with regard to Celtic and patently ignore the evidence which is right in their face and demands to be investigated with regard to Rangers(il) and Sevco.

     

    HH

  24. Margaret McGill on

    If I had the wings of a sparrow

     

    And a Aldi bag to forego

     

    I’d fly over Ibrox tomorrow

     

    and Lidl the bastards below

  25. Just left the Stranraer FC social club. They love us Tims. They loved the pyro and atmosphere we created today. They also loved the revenue we brought to their town.

     

    Stranraer is Green and White tonight!