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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. Melbourne Mick

     

    How are you ? Hope recovering with the wee mhan away :-)))

     

    All the best to you and M and family for 2016

     

     

    Can’t argue with Henriks goal

     

    Another couple (OK 3) which spring to mind

     

    Murdo in the 4-2 10 men won the league game :-)

     

    KD screamer at DU

     

    And Paulo’s Golden Boot goal at Aberdeen

     

     

    Hail Hail

  2. CRC: Will weigh in tomorrow. Two weddings this year and no suit that fits so there is a little incentive. Wee Shay is the big picture so well done on all your efforts. Will be in touch before the 23rd.

  3. Delaneys Dunky on

    JNP

     

     

    I was your Billy that day. Convinced four of my mates to make the sailing over the Clyde that day. I knew we would win the league the moment I woke up that Saturday.

     

    God rest Billy.

  4. Almore/ D.D.

     

    Thanks for that brilliant stuff.

     

    Incidentally the song led to another conversation. Billy Reid the ex Hamilton manager used to stay beside me a really good guy knows his stuff football wise, put me through my coaching badges, I was friendly with him for a few years,let’s just say his ringtone wasn’t his namesake on it.

  5. Just popped in to say, some strange posts on the ole blog tonight. So, I’m away to hide under my favourite blanket. That’s how much this ole blog gets to me. Lol. HH And Night Night to all Tims worldwide. HH.

  6. My god that news is depressing, seven pints a week! …oh well that’s me off it for a week just reached my quota.

     

     

    Suppose I’ll try green tomorrow, Sunday Magic mushrooms?

     

     

    They just want us to work longer and tell us in ten years it was misinformation but my god you grafted.

     

     

    Ps… We’ve robbed your pension.

     

     

    Ours is sorted though.

  7. Celtic’so PR is the same as any football club.

     

    It’s just normal.

     

    Parading players, press releases, making staff available for interviews and celebrity fans etc.

     

    What rfc done and sevco do is con the pants off there supporters.

     

     

    They desperately need 500k from their fans and it’s then reported they are instantly going to smash their transfer record by bidding 500k for a midfielder.

     

     

    Anyway, I think we should sign mcgeady.

     

     

    HH

  8. Weefrathetim.

     

    I’m glad your posting again.

     

    I enjoy your stuff about life on the farm. Loving the story of the family pet.

  9. COWIEBHOY

     

     

    The last thing I need, the road past the farm has just re-opened after being closed for 5 hours. Whoooohoooo. The ole SLC Roads are the best in the business.. Lol. Hope yer well buddy and looking forward to a meet at the next home game. Take care, HH.

  10. The Late Late Show, currently on RTÉ1 (will be available on rteplayer later) will feature a panel discussion on the 1916 Easter Rising. Former government minister, Ivan Yeates, journalist Martina Devlin and Artist, Robert Ballagh are among the contributors. Should be interesting.

  11. Gerryfaethebrig on

    Jimmynotpaul

     

     

    Dancing Brave what a horse, with the green white and a pink (sash) cracking memories but could you not have doubled up Dancing Brave with Celtic to win the league !

  12. blantyretim is praying for the Knox family on

    Sneaking in at the back before he sneaked out the back door when he left us

  13. Delaneys Dunky on

    Weefra

     

     

    You and Mrs W stay cosy tonight. Must be bad in the wild Lanarkshire tonight.

  14. SIPSINI on 8TH JANUARY 2016 10:11 PM

     

     

    My god that news is depressing, seven pints a week! …oh well that’s me off it for a week just reached my quota.

     

     

    Suppose I’ll try green tomorrow, Sunday Magic mushrooms?

     

     

    They just want us to work longer and tell us in ten years it was misinformation but my god you grafted.

     

     

    Ps… We’ve robbed your pension.

     

     

    Ours is sorted though.

     

    —————————————————–

     

    Latest advice is that there is no safe level of alcohol consumption. Way I read that is that it doesn’t matter if you have 1 or 20. As well hung for a sheep as a lamb. Hic!

  15. blantyretim is praying for the Knox family on

    Was dancing brave the wonder horse that Pat Eddery (RIP) was slaughtered for because he lost the Derby on him

  16. After the discussion on girls being groomed in the scandal in England….just saw on the news about the cover up in Cologne due to reprisals!

  17. Delaneys Dunky on

    Sipsini

     

     

    Don’t believe the hype fae the Ministry of Misinformation.

     

    They are all goat worriers.

  18. JIMMYNOTPAUL

     

     

    Thank you so much for that. The wee mhan is now 10 month old, and if mrsweefra hadn’t decided to bottle feed him, he would have died. If he was introduced back into the herd, he would be lamb chops now. He is a total pet now and even gives you a kiss, just like yer dug, when asked. He really is a superstar. Cheers. HH

  19. Blantyretim Tim.

     

    Greville Starkey was the jockey who mucked up.

     

    Pat Eddery took over after that and won The King George and The Arc on Dancing Brace.

     

    Gerryfaethebrig.

     

    That made me laugh. That really would have been some story.

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