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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. blantyretim is praying for the Knox family on

    Weefra

     

    Night mate

     

    Dallas Dallas

     

    Was trying to work out which way ground it was , thanks for the confirmation

  2. Dallas Dallas where the heck is Dallas on

    Marrakesh Express, the headline ‘dud Czech’ was wrong on two counts.

     

     

    He was no dud nor a Czech.

     

     

    John Spencer or Lubo , let me think about that .

     

     

    John Spencer wasnt one of Europe’s greatest ever players’ footballing hero.

     

     

    Boca 10 have a Lubo t shirt . It looks like an Adidas t shirt with a pair of trainies on the front with a wee picture of Lubo on the tongues and gift of god written on it.

  3. BLANTYRETIM @ 11:09 PM,

     

     

    “RC hadn’t noticed BMcC in background of pic

     

     

    I was mearly pointing out the fact the unlike the rest of them choccy said nothing and allowed judas and the rest to take the flack whilst sneaking out the backdoor to Fergie at Utd

     

     

    Okay BT, I’ll leave it at that…

     

     

    Choccy out scored LPM in every Season. For me he was the much better all round footballer, LPM got and enjoyed most of the plaudits, Choccy went quietly around doing what he did with non-dyed, un-bouffant hair.

     

     

    David Murray wanted LPM, Alex Ferguson wanted Choccy…

     

     

    He was a great Celtic player, that should be remembered.

     

     

    Hail Hail

  4. Marrakesh Express on

    Topkat

     

    I spoke to a player at my son’s wedding who’d played against Di Canio for Killie at CP. He raved about him and interestingly said that when the Italian got on the ball, the noise level lifted instantly, putting fear into the away team which Celtic capitalised on. He said the fans don’t realise how powerful a factor this is when playing there. This guy played against Laudrup and Gascoigne but said only Yuri Djorkaeff was a bit better than Di Canio, of players he’d played against.

  5. Delaneys Dunky on

    Doc

     

     

    My son says that from behind, you and I look like a pair of tits.

     

    Proud to be a skin! ;))

  6. Gerryfaethebrig on

    Dallas

     

     

    Will try and look at the utube stuff you pointed out, I am lucky to get the iPad to get on here

     

     

    Marrakesh Express

     

     

    Shug Keevins (panto villain) slated Lubo when he was signed, Lubo was a far bigger star than many before and many after……

  7. Gerryfaethebrig-I think the dancing ball boy at Henrik’s goal in the 6-2 game is a young David Marshall

  8. Dallas Dallas where the heck is Dallas on

    Blantyre, it was a rare sunny day down there and it was the only time I can remember us wearing that green away top with white socks.

     

     

    It was also one of my first trips with the Lisbon Lions CSC.

  9. blantyretim is praying for the Knox family on

    CHAIRBHOY

     

    Totally agree re Choccy as a player he was magnificent.

  10. blantyretim is praying for the Knox family on

    Chairbhoy

     

    Just to remember long left for France when choccy left for Manchester

     

    This was before lpm did the dirty

  11. Delaneys Dunky on

    Dallas

     

     

    My son bought me the Superstar Henrik new Boca 10 shirt for Christmas.

     

    It will get an airing in Stranraer this weekend, with pride.

  12. Marrakesh Express on

    Gerry

     

     

    That was the first of many foot-in–mouth statements from the pompous know-all Keevins.

  13. Doc

     

     

    Don’t you start. You’re barred from the selfie. Lol. Hope you’re well buddy. See you soon. HH.

  14. Dallas Dallas where the heck is Dallas on

    Delaney’s , Hail Glorious St Patrick is still one of my favourite hymns but my favourite is and always will be, Faith of our Fathers.

  15. Marrakesh Express on

    Choccy goes into the same bracket as Harry Hood. Wee bit underestimated but a very effective front man with an excellent goals ratio.

  16. Delaneys Dunky on

    GFTB

     

     

    Shug is an actor playing a game to earn money.

     

    He used to be a Tim but he chases diablos coin now. Sad.

  17. blantyretim is praying for the Knox family on

    Weefra

     

    It’s the home game postponed from pre Christmas

     

     

    I think at the end of 87 we lost McLeod judas Mcinally and McClair

     

     

    We really did well to recover from that to win the double in our centenary year

  18. Marrakesh Express………at that time the huns were signing the million pound stars…..and at 300k thousand they thought he cant be much of a player at that price…..but Lubo outshone the lot of them……loved the way he skinned Ricksen over at ibox……and the free kick beating goram at celtic park midweek game.

  19. Margaret McGill on

    Well Paul67’s latest missive leaves a question unanswered in my opinion.

     

    Are Celtic’s PR team being payed a living wage?

     

    Doesn’t appear so.

  20. Was trying there to copy the U-tube video of all Lubo’s 35 Celtic goals, can’t do it :-((

     

    Left, right or his napper, hat a player for £300k

  21. blantyretim is praying for the Knox family on

    Lubo was a star in France before he came to Celtic

     

    Henrik had a great World Cup in USA in 94 but don’t let the facts get in the way of msm lies

  22. Best football quote ive heard in years……was the one from BFDJ………2012 when they were liquidated……… he replied … “.I blame the banks for not giving them any more money to help them out.”

  23. Dallas Dallas where the heck is Dallas on

    Topkat, in Lubo’s first game at Celtic Park against Dundee, he hit a pass to Burchill with the outside of his right foot an later a he did the same with a cross to Henrik . Even the auld guys around me were amazed at how a ‘ dud Czech’ could pass so accurately with the outside of his boot.

     

     

    One of our truly great players .

  24. Margaret McGill on

    2016 will be the year the Old Firm is reborn.

     

    Despite all the noble and moral efforts to transcend traditional Scottish bigotry corruption will prevail. A chance in a century lost. Corruption couched in FIFA to UEFA norms all the way to SFA to the Scottish judiciary all for the bigot pound the old Firm Orange Fenian pound and don’t deny it. The saddest episode in all of this is the complicity of the current Celtic custodians. Many Tims will walk away never to return such as myself. However until then I’m gonna tan your green hun scum arses. Now and again until I’m banned.

  25. blantyretim is praying for the Knox family on

    I remember young Joe MC bride used to do summarising for sky when Lubo joined

     

    He came into the lounge after a match to get his twin bhoys and his dad and told the story of the guy at sky sports asking him if he was correct as he had reported Celtic no 25 takes a corner from left with his right foot then from the right with his left foot

     

     

    What a player

  26. Delaneys Dunky on

    Dallas

     

     

    I will be true to thee till death.

     

    My favourite all time hymn is…….

     

    At Murrayfield in front of Saint John Paul the Polish Goalie.

     

    You Will Never Walk Alone.

     

    I gret along with my pals fae Saint Tams.

     

    We were blessed forever that day in Murrayfield. Lifechanger! :)

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