When asked if the £33m he claimed to have lodged for the purchase of Rangers, was “Your own money from your own personal wealth?” in today’s Scotland on Sunday (SoS), Craig Whyte told the newspaper, “Yes, that was done as far back as November 2010.” Perhaps not the most useful information to put into the public domain during divorce proceedings.
I think every single one of you who referred to Craig Whyte as a billionaire, or the cheeky “MBB” (Motherwell born billionaire) owes him an apology. While Hero Whyte didn’t deny he was a billionaire he told SoS he doesn’t “talk about [his]personal wealth to anybody” and that those of you who make continual references to his considerably wealth are “making [him]look silly”.
Let’s be clear, this man does not need you to make him look silly. Please desist and apologise.
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Why is Davies doin the cup draw?
starry plough says:
6 February, 2012 at 00:35
Indeed.
Ahm getting the feeling that sum peeple are doubting Walters exit strategy.
My perseonal favourites – “it wisnae me.”
“ask Ally”,
Speak to caretaker manager, Ian Durrant.
Coming to a pub nearu soon!
Mrs J thott Colum was a ball-boy. Bless!!
total points over 50.5
not lookin good !
only 9-3 at the mo
nearly HT
Name that choon:
Busted flat on Govan Road,headed for the train…
‘Me and Bobby McGee’?
16
Me and Bobby mc Ghee??
Is it just me, or does the involvement of Ticketus in this make things tough for Craig Whyte in the event he liquidates the club?
If you assume they will not get their money’s worth out of the carcass of Rangers, after Whyte has taken his etc, has he thought about what their response might be to a NewCo? Now, HMRC might – just might – be willing to take their legal entitlement to six months VAT and PAYE in advance, or they might go to court and fight the NewCo on the basis it’s the same company ….
…. but don’t Ticketus have the BEST claim of that? A stonewall claim, actually? If Rangers don’t meet their obligation to them, aren’t they the most likely company to run to the courts and start joining the dots?
Art of War
i see Alistair inherited the cardigan
style-guru
P G
Penalties?? Or toss of the coin?
boo
9-9
goin
10-9 for patriots
10-9 Patriots!!!
What a drive by Brady
SPF
TD Pats after 96 yard drive
Pats lead 10 9 with 8 secs left in half
jude2005 is Neil Lennon \o/ says:
6 February, 2012 at 00:47
You win bud, I am disqualified cos I had signed off for the night..the shame ..:-)
Paddy Gallagher says:
6 February, 2012 at 00:45
Nearly right.
It’s called Me & Minty McPee. :)
FEELING SORRY FOR RANGERS.
So.
I grew up in a wee bubble in Whitecrook, Clydebank where everyone was a tim.
I can’t blog on stories of discrimination or hatred.
There was none because I had never met them.
First job, part time in a super market.
Mock blessing of me and label of invader.
Whit?
My parents gave most of us non Irish names, never told us the bold stories of our folk in battle.
Tried to fit in.
Well it doesn’t work.
You have to be yourself.
And I learned the history, and loved the wiled rebel nights.
And I still can’t hate them.
I think I understand them a bit.
And it makes me feel sad.
Has emdae telt davies its a cup draw no a pair aff??
Not sure Call Me Dave’s happy PR-man gladhanding of a friendly lob during PMQ’s re a struggling coy fallen behind on its’ repayment schedule can be seen as a precedent for 12 years of (alleged) evasion being soft-soaped.
In the ‘current climate’ the rum tax goings-on at RFC are exactly the sort of thing that middle england (interestingly, both guardian and torygraph readers are firmly against ‘this sort of thing’) is demanding severe sanctions against.
Sixteen roads to Golgotha says:
6 February, 2012 at 00:49
:-)) Offski troops, thanks.
Madonna on the half time show. Time to take the bin out and get the piece made up for work tomorrow!
Can’t stand the woman.
SPF
P G
I thott that. Per chance do you came fae Bailleston?
Fascinating first half in Indy. Momentum is now with the Patriots and they get the ball at the start of the second half too.
TC
And he might be buried in it!
Cardigan that is……not any bigoted wee flag celebrating the diverse nature of our wee country.
HH
AoW
jude2005 is Neil Lennon \o/ says:
6 February, 2012 at 00:53
Yes mate, born and raised there.
ScotPatsfan
Man of taste!!
jude2005 is Neil Lennon \o/ says:
6 February, 2012 at 00:45
Busted flat on Govan Road, headin’ for the train
Feelin’ nearly faded as my jeans
Minty thumbed a diesel down just before it rained
Took us all away to curse the queen
I took my harpoon out of my dirty red bandanna
And was blowin’ sad while Minty sang the blues
With those windshield wipers slappin’ time
And Minty clasped his hands we finally sung up every song that driver knew
Admin’s’s just another word for nothin’ left to lose
Nothin’ ain’t worth nothin’, but it’s free
Feelin’ good was easy Lord, when Minty owned the blues
Feelin’ good was good enough for me
Good enough for me and Minty McPee
From the band halls of Kilwinning to the Edinburgh hun…
Thott that. Dodgy bunch you lot. lol Went to St Bridgets dancin in the sixties. lol
Watchin the super duper bowl, never saw the “Celtic” mentioned, surely someone has to post the clip.
HH
Rascar Capac says:
6 February, 2012 at 00:33
I do feel sorry for that wee guy, his club is dying, and that is horrible for anyone
——————————-
I presume you’re talking about the wee boy with the handwritten A4 paper about Jelly. It did pull a heart string I admit. He looked unusually un-hunnish.
However on reflection I wish them to die the day before tomorrow. (He’ll get over it)
Last one.A more modern one.
Name that choon2:
Just give me jelly and ice cream,easily…
RANGERS BYE BYE!
Slan.
jude2005 is Neil Lennon \o/ says:
6 February, 2012 at 00:58
St Bridget’s bhoy then St Ambrose up your way. My Grandfather and auld man were bookies at the original dog track.
Sixteen roads to Golgotha says:
6 February, 2012 at 01:00
Bye Bye blackbird?
A modern one, maybe no then :-(
Be your dad I might have known then.
Paddy Gallagher
A rather bizzare question, but here goes.
My wife makes me go to Ballieston for meat out of Ewings the butcher. The other butchers shop along the road towards the cashline at the Clydesdale bank always seems to be full.
What’s up with Ewings?
SPF
The penny is dropping even among their fans.
From Gordon Waddel in the Daily Ranger
BTW I assume he’s talking about some other Paul
…………..
Robbing Paul to pay Peter
By Gordon Waddell on Feb 5, 12 06:34 AM in
Wednesday morning, office phone goes.
On the other end is a concerned Rangers fan. Extremely nice fella, very composed, eloquent, polite to a fault. We’ll call him Paul – which is fair enough as that’s actually his name.
He doesn’t like what he’s been reading about his club. Wants to talk it through. So we do, for the best part of half an hour.
Turns out Paul is more than just your average bear, booboo.
He owns seven season tickets for him and his family. He also indulges in a bit of sponsorship here and there through his business.
How much is a bit? A healthy five figures, apparently.
But not any more. They had a chat about it on the Tuesday night and it’s stopping. When you don’t know what hole you’re pouring your money down, you stop pouring.
And the season tickets could be next.
That’s a harder one, though. Like puppies and Christmas. That commitment you make, it’s not just about going to watch the game every week. It’s an expression of loyalty. The financial manifestation of a lifetime’s devotion.
But Paul is wondering, rightly, whether that loyalty is a two-way street right now.
He’s thinking, ‘Why should I pay the thick end of three and half grand up front when I have no idea what’s being done with it? It used to pay for the team I was watching. Now it’s paying the mortgage? Anyway, I could probably roll up next season – assuming there is a next season – and buy seven tickets for anywhere in Ibrox, and probably the seven next to them as well’.
And the moral of the story for Craig Whyte? How many Pauls are out there? And how many more will it take to tip Rangers into the abyss?
Because the way I read it, that’s where the owner has driven them.
Dangling over the precipice. If they so much as get an itch, they have nothing to scratch with.
On any level, Paul is, quite simply, Whyte’s worst nightmare.
As a corporate sponsor, how many more feel like him? How many companies who take a box for the season, or a table in one of their lounges, will ask to take it on a game-by-game basis, because they don’t want to invest up front? It’s happening already, and Whyte knows it.
And as a season ticket holder? That’s an even bigger worry.
On average, Rangers took in between £12m and £14m in season ticket sales for each of the past few years.
From the giddy heights of nine in a row where they had a waiting list as long as your arm, they’ve settled in the mid-to-high 30,000s.
But what if that falls? The Rangers support isn’t usually the most militant when it comes to protests, they don’t threaten to ‘hit the car park’ as often as their Old Firm rivals have done.
But people talked last week about an orchestrated campaign not to renew as a protest against Whyte’s decision to mortgage off their season ticket money over four years.
The problems with that is it plays right into Whyte’s hands in some ways, because then he just turns round and says ‘Well, your lack of loyalty drove the club into the ground, not me’.
But it’ll happen organically anyway.
The more disenfranchised Pauls there are and the more the economic situation bites for your average fan, the fewer will commit.
That’s without even taking into account the downturn a Celtic title win could bring about.
And if the season ticket money falls? If the corporate money falls? So does the working capital.
The £24.4m he mortgaged against season ticket sales has to be paid back, irrespective.
Year one was £9.5m and he fell short, so he added another year on at the back end. So let’s say the year two payment is for a smaller amount, with the principal reducing.
But even if it’s £8m, what happens if instead of taking in £14m you take in £10m, and if the corporates bail to the tune of 20 or 30 per cent? What are you left with once you’ve paid Ticketus? Not enough, has to be the answer.
That’s why Ally McCoist didn’t see one dime of the Nikica Jelavic money. They need it all to keep the doors open.
Here’s another thought on why you wouldn’t give him your season ticket money up front.
The previous regime were advised, with administration looming, to ring-fence that cash and only drip-feed it out on a game-by-game basis.
So that if the worst came to the worst, they could reimburse the fans for the portion of the season they’d paid for but not seen.
Now? Forget it. You’re a long way behind Ticketus on the list of creditors.
If Rangers go under, YOUR money’s being used to square them off, not you. And remember, this is not even taking into account the ramifications of the tax case. It’s not even mentioning the dysfunctional relationships McCoist has to endure with his supposed superiors.
The farce Fran Sandaza had to go through on deadline day. The debate over who’s telling the truth about the Jelavic deal.
The lack of a set of audited accounts. The lack of an AGM. The concerns over club licensing.
It’s all about trust. It’s about the fact that Rangers fans still have more questions than answers.
And the biggest of the lot right now, given the fact Whyte claims he has put £25m of his own money into the club so far, is, if you’ve mortgaged off the season tickets for £24.4m – where exactly is the money?
The practice of securitisation on this level was described by one expert in the market this week as ‘robbing Peter to pay Paul’.
From where Paul’s sitting right now, it feels like the other way round.
Paddy Gallagher says:
6 February, 2012 at 01:01
1st one was Coffee and tv,by a band called Blur.
2nd one you are correct mate.Although it wasn’t really a question,just was sayin’ bye bye Rangers!