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. GlassTwoThirdsFull on

    KevJungle

     

    Do you seriously think Keevins’ idea would have worked in reality?

     

    After two years of being uncompetitive they would have got their pals in the MSM to say it had to be stopped for the good of the game.

     

    They haven’t even paid a 250k fine. What’s the chances of them having paid £140m?

  2. Anyway…..there’s the club being run by a board full of bogey men and, all of Celtic cyberspace is talking about….smoke bombs!!!

     

    Nae winnur the big-bad-cheating-huns are coming back tae pull the drawers aff yeez.

  3. Awe_Naw_No_Annoni_Oan_Anaw_Noo on 11th January 2016 10:54 am

     

     

    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

     

    ———————————————–

     

    It was the first thing mentioned on Sportscene last night. I haven’t heard BBC news reports.

     

     

    During the game I heard BOTOB – which is not sectarian so this may be the BBC making up their own words again

  4. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    ERNIE

     

     

    Smoking is whataboutery,and far below your normal level.

     

     

    FWIW,I smoke. A damn sight more than I should,and I’ve enjoyed every one of them-except when I have flu,they taste bloody awful then.

     

     

    And I’m no fan of the smoking ban.

     

     

    But-that’s the law. I abide by it grudgingly.

     

     

    Now,about these smoke bombs and flares and stuff. Your call.

  5. TIMBHOY3 on 11TH JANUARY 2016 11:30 AM

     

    ‘So when sevco are back in the same league as ourself’

     

     

    ###

     

     

    You obviously think they’re the same club, so it follow follows you don’t have a problem with what’s going on.

  6. GlassTwoThirdsFull on 11th January 2016 11:30 am

     

    _____________________________________________________

     

    They wouldn’t have paid it…they’d have died and that would be them finished…period.

     

    None of this, die then….sneak in the back door.

     

    Hail Hail fella,

  7. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    KEVJ 1119

     

     

    Much more important things than a friendly discussion wi me over a burger or four,bud.

     

     

    Let the missus organise yer diary and I’ll catch you if yer around. If not,plenty of next times.

     

     

    Take care and

     

     

    HH

  8. The Battered Bunnet on

    Classic John James guff:

     

     

    “The primary concern of the current board, in regard to this trial, is the ownership of the physical assets and what is known as the intellectual property. The latter is merely a cornucopia of crests and minutiae. There is nothing that could not be replaced.”

     

     

    Actually, the right to trade and play as “Rangers FC” is the only asset that cannot be replaced. The entire enterprise turns on it. No Brand: No Football Club: No Business.

     

     

    John James is one of the least authentic ‘voices’ on the topic, and perhaps the most disingenuous.

     

     

    As I said: Guff.

  9. BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 11TH JANUARY 2016 11:31 AM

     

     

    It’s about a sense of proportion and perspective.

     

     

    If you want to fulminate against the use of smoke canisters because they are against the law fair enough. But don’t be selective about them, moan just as much about all the other illegal activities that go on at grounds.

     

     

    But spare me the Chicken Licken, apocalyptic horror nonsense.

     

     

    Smoke canisters are a big deal because people make them a big deal.

  10. The Battered Bunnet on 11th January 2016 11:35 am

     

     

    And even if it was just the badges etc and not the name, it would still make it harder for some to support them. It would in fact emphasise the fact they’re a new club. Perhaps finally hammer it home.

     

     

    These ephemeral artifacts are actually far more important than many realise.

  11. The only folk who’ve said that the huns urny the same club were, the fans who paid for the ‘statement’ in the Herald.

     

    Celtic’s official website has, twice referred to them when we played them in the Glasgow Cup Final and, in last seasons LCSF as – Rangers FC.

  12. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    NATKNOW

     

     

    BOTOB is classed as offensive under OBaF.

     

     

    The BBC may be playing fast and loose with terminology but not by much.

     

     

    Their description of it under current legislation in Scotland is unlikely to warrant censure. In Scotland.

     

     

    That it is classed as offensive at all warrants censure in any country outside of it.

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

     

    ____________________________________________________________________________________

     

    You’ll Never Walk Alone

  14. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    ERNIE LYNCH

     

     

    The discussion is about pyro. Anything else is whataboutery.

     

     

    I don’t recall any Celtic fans smoking in full view of the cameras and I certainly can assure you that grabbing a fly puff in the toilets isnae that easy now either.

     

     

    But the point remains. Pyro is the question,deflection is your response.

     

     

    Well done. Yer down wi the kids,innit?

  15. KEVJUNGLE on 11TH JANUARY 2016 11:39 AM

     

    ‘The only folk who’ve said that the huns urny the same club were, the fans who paid for the ‘statement’ in the Herald.’

     

     

    ####

     

     

     

    BBC Scotland (the news dept, not the sports department) at one time took the view they are a new Club. Not sure they’ve managed to hold that line.

     

     

    Jim Spence has said they’re a new Club, so has Speirs. I think even Donald Findlay has suggested as much.

     

     

    Which makes Celtic’s silence all the more shameful.

  16. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    I reckon we have roughly an hour before the new article to allow some lucky poster to hit the magic number.

     

     

    About 80 posts. I think KEVJ might need to return rapido…

  17. BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 11TH JANUARY 2016 11:46 AM

     

     

    I don’t have a lot of time for the GB or Ultras in general. They’re too much of a sub culture whose primary concern is how they are regarded by others in the sub culture ie ultra groups from other clubs.

     

     

    But I try to be rational.

     

     

    They’re kids, for the most part, and kids like to kick against the pricks.

     

     

    It doesn’t matter what Celtic fans do, the press will be negative and hostile. If it wasn’t smoke canisters they’d find something else, songs or tricolours or not sitting down or whatever.

     

     

    And of course the more fuss everyone makes about smoke canisters the more kids will want to use them.

  18. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    BEATBHOY

     

     

    A well-known Scottish computer assembly firm set up an operation in Cork in the late 90s.

     

     

    They were based in Kilwinning and I knew a few of the guys who worked there,and were going over to train the locals.

     

     

    They wurnae too happy when I suggested a company song to boost morale.

     

     

    No prizes…

  19. GlassTwoThirdsFull on

    KevJungle

     

    They did die. They set up a new club, which is pretending to be the old club.

     

    That would be the outcome whatever way it was done.

  20. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    BOURNESOUPRECIPE. 1157

     

     

    You always get extra points for all of those things.

     

     

    I got extra points for wearing my good trainers that day. They couldnae catch me!

  21. Glasstwothirdsfull

     

     

    KevJungle

     

     

     “They did die. They set up a new club, which is pretending to be the old club.

     

     

     That would be the outcome whatever way it was done.”

     

     

    Post threethirds correct!

  22. Lennon n Mc....Mjallby on

    Sad to hear of David Bowie,never thought he was 69.

     

     

     

     

    As for the football,apart from our win what else has been happening in the state of Manitowoc?

  23. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    BEATBHOY

     

     

    F… them-if they don’t have a sense of humour it ain’t my fault.

  24. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Police and Celtic on lookout for Student and Youth Brown Ring Leader

     

     

    By Hugh Keevins 11th January 2011

     

     

    Police Scotland and Celtic Officials are requesting that if anyone has any information on any of the individualswho let off pyrotechnics at yesterday game at Stair Park in Stranraer to come forward.

     

     

    Celtic’s Support Liaison Officer John Paul Taylor said “We are looking for a smart dressed elderly individual who speaks with a slight Canadian accent. He grooms students and those of a political bent to follow his perverted views. If anyone knows who this individual is if they can clipe on him to me it would be much appreciated. It is important that our younger more impressionable fans are not influenced into such bad behaviour ”

     

     

    Detective Chief Inspector Ruth Gilfillan stated “We are particular interested in one individual who was undoubtedly the ring leader. He is an elderly gentleman who wears Chelsea boots and a Tootal silk scarf. We think he is a throwback to the days of casuals. The way he casually done the jobby in the Lidl bag before slinging it betrays his modus operandi. This was the only time that this individual had a smile on his face all day. He also never wiped his arse afterwards the clatty bugger”

     

     

    Celtic won 0.3

  25. BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 11th January 2016 11:42 am NATKNOW

     

     

    BOTOB is classed as offensive under OBaF.

     

     

    The BBC may be playing fast and loose with terminology but not by much.

     

     

    Their description of it under current legislation in Scotland is unlikely to warrant censure. In Scotland.

     

     

    That it is classed as offensive at all warrants censure in any country outside of it.

     

    ———————————————————————————–

     

    “BOTOB is classed as offensive under OBaF.”

     

     

    Good point dude, although am I right in saying that there’s no list of proscibed songs in the legislation?

     

     

    AFAIK it’s only offensive if deemed so by a copper in relation to a football game. So we could all sing it today and it’s not illegal, but if we sing it on Friday it might be – depending on who is listening.

     

     

    That’s how stupid a law it is. I know I’m teaching my granny to (no offence – she’s alovely woman!) to suck eggs here. The BBC are stating that it is a sectarian song – which sect are being oppressed or abused by it? Answer is – none. It’s a political song refering to an event that is about to be celebrated across Ireland and the world.

     

     

    Let’s hope there’s no football on that day!