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When the wealthy borrow from the poor

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By on CQN BLOG & Comments

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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  2. Jungle Jim Hot Smoked on

    Someone posted on here that Celtic have been drawn Away in 16 of the last 18 Cup games. Is that true? Evidence?

     

     

     

    JFH

     

    I scroll past Kev J`s posts after reading the first line to see if he is playing a different tune but I certainly do not believe he is an attention seeker. He simply feels very strongly about what he considers the treacherous behaviour of the Celtic Board.

     

     

    I have a totally unfounded in science belief that we will draw ICT or Hibs this evening.

     

     

    JJ

  4. KEVJUNGLE on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 11th January 2016 10:35 am

     

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    Hail Hail fella, I hope yer well.

     

    Ye see….it’s like this…Keevins knew that if, ye let the huns out of sight ie: into another league…then they would wriggle off the hook that they were firmly placed on.

     

    Also, from a personal point of view…Keevins I mean…don’t ye think that he and his family of Celtic Season-book holders would have enjoyed watching the huns being humped, not just by us but, buy everybody else in the league ?

     

    Also, the huns fans would be paying SPFL prices for their SB’s and, the huns would be getting a bigger TV-pot than their getting just now and, any money they got from Europe would have to be put to the fixed-price for all their cheating say, what ?…£5 + million per season ?

     

    Here we go 25 in a row with hun skelpings included.

     

    Instead, the huns have slipped under the radar for 4 years…paid back hee haw…nobody has the cojones to lay a glove on them….apart…from a Celtic board full of rebellious Celtic supporters….but,…the huns and their establishment know that…that…is not the case so…they’ll be back to do it again and…who knows ?….maybe they’ll kill Celtic FC into the bargain ?

     

    HH

  5. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    TONYDONNELLY 1035

     

     

    On that subject,the tweetertwat who told the world also ‘exclusively’ told the Daily Record.

     

     

    They don’t appear to have run the story. I wonder why?

  7. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    I heard on the BBC last night about reports of sectarian singing among the Celtic support.

     

     

    Can anyone point me to these reports ?

     

     

    I can´t find any. I am not saying that there are not any. I am just looking for what report BBC Scotland was referring too

     

     

    Thanks in advance

     

     

    HH

  9. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    KEVJ

     

     

    Sorry,mate. I disagree. To have them in that much trouble,they would have been ‘allowed’ to get out of it.

     

     

    Think back to how bad the cheating was when the bank stopped supplying them with money,2008-2011. They were into them for c£30m then. So how much worse would it be for £140m?

     

     

    Honestly,bud. That amount of cheating would have been casually carried out in plain sight and we would have imploded as the fans gave up on a powerless board.

  10. KEVJUNGLE on

    Why dont the Celtic supporters take their heids oot of their bowls of jelly & ice cream and, get the custodians to ban BBC Scotland.

     

    Or is it joost Keevins that they canny handle ?

  11. ernie lynch on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 11TH JANUARY 2016 10:20 AM

     

    ERNIE

     

     

     

    ‘The point isn’t about their relative safety or otherwise. It’s about the fact that they are illegal,’

     

     

    ###

     

     

    Are they?

     

     

    They certainly are against stadium regulations (what isn’t?) but I’m not sure that they are illegal per se.

     

     

    I tell you what is illegal though. Smoking cigarettes in a football stadium. Not only illegal, but certainly a health risk.

     

     

    Why all the fuss about smoke canisters?

  12. KEVJUNGLE on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS

     

    ___________________________________________________

     

    Bobby, on the contrary….I think that ‘if’ the Keevins-formula had been implemented….then, celtic’s custodians would have been under mores scrutiny from the fans, probably mores so from Aberdeen fans coz, after all they saw through the board with their banner that they displayed at Celtic Park….

     

    ….”CELTIC FC – YOUR SILENCE IS DEAFENING!”…..dons banner.

  14. ernie lynch on

    TONYDONNELLY67 on 11TH JANUARY 2016 10:23 AM

     

     

    If you want a precise answer you have to ask a precise question.

  15. jeez_I_thought_blinker_was_pants on

    Fireworks

     

     

    BTW John(ny) Collins didnae rattle any Hun cages during the last 6 months of his contract, in fact, he didn’t do a lot of anything, thinks of numero uno does John

  16. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    KEVJ

     

     

    Aye,that’s the problem wi hypotheses. Neither of us can prove ours is correct!

     

     

    We’ll agree to hold our own opinions till I see you in March. Then I’ll borrow my Dad’s double-headed coin as we decide.

     

     

    OnlyfoolsCSC

  19. KEVJUNGLE on

    jeez_I_thought_blinker_was_pants

     

    ___________________________________

     

    Just look what happened to Celtic the season after Johnny Collins left for Monaco.

     

    We brought in Di Canio.

     

    Has ‘any’ team ever won anything wi Di Canio in it ?

     

    Oh, and the manager got the bullit!

     

    HH

  24. KEVJUNGLE on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS

     

    ___________________________________________________

     

    Ha :)

     

    Aye, we’ll see.

     

    Oh, btw….I’ve to go to the hospital in March to get checked over again.

     

    Don’t remember the dates my wife’s got the info in her bag…I’ll check later(trying to forget it:)

     

    Just think about that for a minute….Trish fholk the world over will be celebrating 1916 / 2016…..meanwhile, the Irish /diasporas greatest gift to the world….will be on the verge of…eating itself….dear, dear.

     

    HH

  32. bankiebhoy1 on

    Trollin’ disruptor………….

     

    More form than substance…………….

     

     

    Hun with a hobby.

  33. ernie lynch on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 11TH JANUARY 2016 11:13 AM

     

     

     

    So they’re right up there with smoking.

     

     

    It’s a good job nobody smokes at Celtic games then, isn’t it it, otherwise just imagine all the negative publicity that would ensue? Not to mention all those who would collapse and die of a heart attack from inhaling the smoke.

     

     

    Our hard won reputation as being the best fans in the universe, ever, would be in jeopardy.

  34. KEVJUNGLE on

    Johnny Collins managed Hibs to the LC victory over Killie.

     

    Just think…that’s a 1/3 of the trophies that Celtic Football Club won in the 90’s.

  35. eddieinkirkmichael on

    Has anyone from the club commented on the level of harassment from the Police our travelling fans received while going to Stranraer?

  38. tonydonnelly67 on

    LYNCH on 11TH JANUARY 2016 11:06 AM

     

    TONYDONNELLY67 on 11TH JANUARY 2016 10:23 AM

     

     

     

     

     

     

    If you want a precise answer you have to ask a precise question.

     

     

    – See more at: http://www.celticquicknews.co.uk/when-the-wealthy-borrow-from-the-poor/comment-page-45/#comments

     

     

    This is what you said to the person who married you? Strange answer, I would take from that then by the time he/she got the answer that was needed from you, the bat was closed ffs? Glad I wasent at that wedding.

  41. timbhoy3 on

    So when sevco are back in the same league as ourself.quite a lot of celtic supporters are not going back.fine your ticket will be snapped up and that’s a fact.me.I’m still soldering on.

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