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. Kev

     

     

    Why don’t you just stop supporting Celtic , you obviously don’t get any pleasure in anything Celtic, your last 2 posts have had a go at not only the club, but the board, the players and support, if summit had me like that I would just walk away

  2. Headphones on whenever possible today.

     

    Wall to wall Bowie

     

    Thanks for the memories Ziggy

  3. MASTY on 11TH JANUARY 2016 9:47 AM

     

    ‘Ffs Ernie , listen to yourself, the pyros at cup finals are health and safety organised not some feckin cretin holding up a squib, are you saying your ok with them doing this?’

     

     

    ####

     

     

     

    There’s been at least one serious injury sustained by someone being hit by a firework at an organised pyro display at a football ground. So the health and safety organised line doesn’t cut it.

     

     

    The smoke canisters being used, as I understand it, are designed (health and safety) to be hand held, in a small boat, at sea, in rough weather.

     

     

    On balance I’d rather take my chances with the latter than the former.

     

     

    There’s a lot of hysterical, hypocritical nonsense spouted about pyros. I’m not a fan, I think they’re a bit silly, and the people using them are immature attention seekers, but they are not a threat to western civilisation.

     

     

    The best way to get people to stop people using them is to ignore them.

  4. Canamalar it looks like OCD obsession on 11th January 2016 8:55 am

     

     

    Best stream I found for our game yesterday was on HalowTv.

  5. ERNIE LYNCH on 11TH JANUARY 2016 9:41 AM

     

    Seriously? Listen we’re not trying to get guy Faulks night banned, just a Wee bit of common sense Ffs, it’s no rocket science?

  6. masty on 11th January 2016 9:57 am

     

    ______________________________________

     

    Aye…..if you say so….

  7. Joe Filippis Haircut on

    I understand the comments from Celtic supporters who say they have 5 more months of supporting the club.I know what they mean they will always support the hoops but from a far not financially. They are saying they wont support a corrupt Scottish football and wont put there hard earned money into a rigged game.Many feel that because Celtic have appeared to do very little about the cheating that they are part of the corruption.The clock is ticking. H.H.

  8. Ernie

     

     

    The ignore them and they’ll go away line is crap, a swift boot in the baws is the answer, but challenge 1 of them with any kind of reason your threatened by scores of them.

  9. TONYDONNELLY67 on 11TH JANUARY 2016 9:58 AM

     

    ERNIE LYNCH on 11TH JANUARY 2016 9:41 AM

     

     

    ‘Seriously? Listen we’re not trying to get guy Faulks night banned, just a Wee bit of common sense Ffs, it’s no rocket science?’

     

     

    ###

     

     

    So ban the organised displays then.

     

     

    There’s far greater risk of serious injury from them than from a smoke canister.

     

     

    And it probably is rocket science.

  10. Back to Basics - Glass Half Full on

    Blantyretim. Re: waghorn – I too noticed the blatant puff piece on BBC news.

     

     

    The strong likelihood is this has come from BBC sport Scotland who will have been asked to provide a segment for the national sports update.

     

     

    A truly disgraceful (and unprecedented) piece of transfer fee puffery.

     

     

    There are clearly elements inside BBC Scotland doing their best for their pals.

     

     

    Hail hail.

  11. Ernie

     

    Our fans were in a very small confined terracing yesterday, not in the middle of the sea, if you canny see the peril, fair enough

  12. TonyDonnelly67 on 11th January 2016 10:01 am

     

    __________________________________________________

     

    How do you know that it wisny a PL ‘plant’…..so that, PL could start a war with the Green Brigade etc….tae take all yer eyes off the ball during the transfer window ?:)

     

    Hail Hail fella.

  13. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    MASTY

     

     

    The problem is that KEVJ has already walked. And so have many others,for many reasons.

     

     

    It is looking like many more are going to do the same shortly.

     

     

    I’m not in favour of it,far from it. But I can understand the anger and frustration felt by those who will do that. Yes,the fans should be loyal to the club,but the club isn’t showing much support for the fans.

     

     

    I don’t think KEVJ or anyone else who no longer attends for similar reasons enjoys not attending. In fact,it probably deepens their anger. Maybe the club should make an effort to find out those reasons and attempt to resolve them.

     

     

    Our income is c40% down from peak. It’s not all down to KEVJ

     

     

    PS-congrats to yer neff!

  14. ernie lynch on 11th January 2016 9:59 am

     

     

    And that shows that even when the display is done by experts, aware of the possible consequences, that accidents can happen. So the potential when done by those with no expertise is worse.

     

     

    If your real comment is that you don’t think fireworks should be allowed in football stadiums at all, professional or otherwise just say that. Otherwise it just comes across as though you’re happy with a free for all.

     

     

    Right now I have a 5 and 7 yr old that love coming to the games. Hopefully that sticks with them for life. If there was bangers going off around them, they wouldn’t want to come. Whether they’d pick it up again later, who knows but it’d be a shame to lose them from the game.

  15. Joe Filippis Haircut on

    MASTY. Fella in my opinion KEV JUNGLE is an attention seeker he likes to be CQN s shock Jock however I think that can apply to everyone who posts on this blog. I would suggest there are not many shy retireing types posting on CQN . H.H.

  16. Why all the hullabaloo over the msm and auntie beeb’s reporting of all things sevco, there’s an answer to that don’t buy their rags and don’t watch or listen

  17. Joe Filippi

     

    __________

     

    Hail Hail fella.

     

    Joe, I used to like yer haircut.

     

    But,…..noo ah don’t.

     

    C’mon the baldies :)

     

    HH

  18. He never lets me down, he’s my go to guy, when all else fails :))

     

     

    KEVJUNGLE on 11TH JANUARY 2016 10:05 AM

     

    TonyDonnelly67 on 11th January 2016 10:01 am

     

     

     

     

    __________________________________________________

     

     

     

     

    How do you know that it wisny a PL ‘plant’…..so that, PL could start a war with the Green Brigade etc….tae take all yer eyes off the ball during the transfer window ?:)

     

     

     

     

    Hail Hail fella.

     

     

    – See more at: http://www.celticquicknews.co.uk/when-the-wealthy-borrow-from-the-poor/comment-page-44/#comment-2751542

  19. Joe Filippis Haircut on

    TD67. Someone is going to get badly burned these flares are not designed for setting off among a crowd they are meant to have as much open space around them as possible. Anyone argueing that they are not a problem has never seen a badly burned person . H.H.

  20. blantyretim is praying for the Knox family on

    Masty

     

     

    It was on the national BBC news last night.

     

    Not the Scottish addition, I don’t listen to any of their radio shows but I do sometimes watch the news

     

     

    Even if it is on BBC. :)

  21. TONYDONNELLY67 on 11TH JANUARY 2016 10:09 AM

     

    ernie lynch

     

     

    Stick to the point no sidetracking , fans in football crowds should not be letting them off…yes/no?

     

     

    ###

     

     

     

    Letting what off?

     

     

    If you mean smoke canisters that are designed to be hand held then it’s a fuss about nothing.

     

     

    Probably a breach of stadium regulations though, as is taking photographs and a whole lot of other things.

  22. Marrakesh Express on

    Masty

     

     

    Thanks for that mate, I’ll pass it on to him. He said Griffiths and Bitton are different class.

  23. Ernie

     

    There was far more than smoke canisters yesterday there were bangers going off everywhere behind that goal yesterday

     

     

    But you knew that already

  24. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    ERNIE

     

     

    The point isn’t about their relative safety or otherwise. It’s about the fact that they are illegal,and are damaging the rep of Celtic and of Celtic supporters.

     

     

    If you don’t like the law,agitate to have it changed. Till then,the above paragraph is true.

  25. ernie lynch on 11th January 2016 10:14 a

     

    Just a thought, if and when you got married, and it got to the part of the ceremony, when who ever married you said….. Do you take this person to be your lawfull wedded wife,……what did you say? Just a thought?

  26. That wan’s only here to disrupt and encourage dissaffection – nothin’ more.

     

    That’s the point.

  27. MARRAKESH EXPRESS on 11TH JANUARY 2016 10:17 AM

     

    Aye he had a good game mate, he broke up a couple off nice break always for us, kinda reminded me of myself back in the day, vintage Donnelly :))

  28. And, anither thing…..Johnny Collins was right in whatever he said about Celtic missing the huns gemmes.

     

    In fact, Johnny Collins said exactly what all the denialists on here and, elsewhere know….we(Glasgow Celtic Supporters)…take great pride in the fact that we, have eat, slept, lived n breathed the Glasgow Celtic Way in a country where, ye can lose yer job for supporting Celtic although…that won’t be the official reason….I’ve been denied two recently for that exact reason, I’m an uppitty Tim….ah canny help that, why should I help it ?…Why should I sit at the back of a bus to get a promotion in a job ?….anyway, back to my point about Johnny Collins, 30,000 Celtic supporters leave their seats empty….now that there’s no huns in the league…Collins is right, ye used to get up in the morning wondering how ye were gonnae rattle the hun cages that day, noo ye canny coz they play in the league below us. They should have been kept in the same league as Celtic until ‘all’ the money that they owed was paid back in full….as Hugh Keevins said at the time.

     

    Collins used to get up every day and say the same thing as me – “How can I rattle the huns cages the day ?”

     

    Collins was a battler on the pitch for us and, when he was at Hibs….that’s how Souness tried every trick in the book to get him to ibrokes.

     

    Collins should be in charge of Celtic FC…imho.

     

    Collins would put a team of celtic battlers onto the pitch….that would be the 1st box ticked…take it fae there.

     

    Celtic are asking for a skelp on the chin if,….Ronny goes toe to toe wi the Magic Hat, who’ll be backed by mibbery….difference is….Collins would know the way roon the mibbery….Ronny wulny…imho.

  29. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    KEVJ

     

     

    How do you think the huns would have paid back all that cash?

     

     

    Their only avenue would be qualification to the CL year after year.

     

     

    No,mate. Keevins’ grand dream would have led to another cheating nine for them,honest mistakes doing the business this time.

     

     

    Saving the huns by trying to cripple them would have wrecked us permanently.

  30. Im just reading a letter I got from the Corpy this AM, and it’s talking about a new food waste recycling service and in you can put it in the brown bin?

     

    Kin you put your Lidl bag in there too, anyone know?