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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dUNDEE uTD fan walking through Govan this morning and ased a woman for directios to ipox just follow the crowd son,He ended up in Braehead shopping centre.
HAIL HAIL
‘Not Coisty’s fault’ is the new ‘What Walter Smith did with no money’…
Those most dangerous lies are the ones we tell ourselves…
U
voguepunter – You may also be interested in this clip from the Rangers Trust AGM:
http://www.youtube.com/watch?v=YWWdk-GVZV8 (thumbsup)
Paddy Gallagher says:
5 February, 2012 at 14:47
Paddy,yir in good form today,that joke book you
got for the cruise ,wasn’t wasted.
Hail hail
I always love reading this article, especially in today’s context…
First Published on Saturday 2 February 2002
Hugh Adam – is he the Nostradamus of his time ?
THERE are licensed premises in Glasgow where the regular patrons will consider the recent deeds and utterances of the former Rangers director, Hugh Adam, to be nothing less than acts of treason.
This should be regarded as a natural, almost understandable, reaction from immovably devoted supporters of the Ibrox club to the decision by Adam to unload his 59,000 shares in Rangers on the basis that they were heading towards worthlessness, thanks to the unsatisfactory business methods of the chairman, David Murray.
Almost certainly viewed as an even more heinous offence would be Adam’s claim that Celtic are run much more competently and that investment in the Parkhead club would be a much sounder proposition for anyone wishing to purchase shares in a football institution.
It would be tempting for many to dismiss Adam’s action as merely a gratuitous attack on Murray by a disillusioned, 76-year-old ex-employee carrying a grudge. But Adam has been a candid critic of the way Rangers have operated for years, ever willing to voice his unease – indeed, his incomprehension – at losses he has always insisted were unsustainable.
He also has impressive credentials, having been chairman and managing director of Rangers Development and Rangers Pools since 1971, raising the millions which built the modern Ibrox. Adam’s efforts brought the club around 18million, about 60million at today’s values.
To say that his final severance with Ibrox, after three separate terms as a director amounting to about 15 years of service, was done in a fury would be inaccurate, but in conversation this week it became evident that his decision is underpinned by unmistakable disgust.
Not given to sensationalism, this essentially conservative disciple of prudent forward planning and low-risk business principles did, however, cause something of a shock by observing almost matter-of-factly that, if Rangers continue on their present track, their ultimate destination will be bankruptcy.
“That’s the logical conclusion to a strategy that incurs serious loss year on year,” said Adam. “In the past five years – and it’s all there in the last annual report – Rangers have lost 80million.
“Now, the banks are well known for being a bit more tolerant of companies whose core business is a popular pursuit like football. But there is a limit to how far backwards they can bend to accommodate you.
“David Murray has always had an amazing persuasiveness when it comes to getting people to put money into his businesses, but the signs are that those sources have dried up.
“The 40million worth of shares that ENIC (English National Investment Company) bought a few years ago are now worth about 15million, with no evidence to suggest that they will recover. The money itself, that which was actually invested, was lost some time ago.
“Now the latest investor, Dave King from South Africa, will know that his 20million shareholding is worth around half, or even less, of what it was when he bought. No proper businessman will want to buy into that kind of loss.”
ADAM sold 12,000 of his 59,000 shares last year and the balance of 47,000 just recently. For the latter, he got 1.15 each; three years ago, they were valued at 3.45. He is convinced Rangers cannot trade their way out of trouble, unless they gain access to a league that will attract higher-bracket income from TV. He was in favour of the proposed Atlantic League, involving the Old Firm and clubs from Holland, Portugal and other countries, but is extremely sceptical of their chances of joining the English Premiership.
He is adamant that Rangers do not have the customer base to improve their financial standing through merchandising. “Rangers’ so-called global appeal is a myth,” he said. “When I was there, we did an exercise which involved asking 50,000 fans on the database to recommend a friend or a relative abroad.
“A big response was expected – some were even talking about getting 100,000 names – because everybody in Scotland seems to know somebody abroad.
“We got back 2,800 names and three-quarters of them didn’t know they had been nominated. It’s no surprise that Celtic are officially the best-supported football club in North America, with more official clubs than anybody else. The difference is the Irish connection.
“Many Irish people may support Manchester United, Liverpool or whoever, but they all – every one of them – have an affection for Celtic. And, of course, Celtic also have a great Scottish following.
“The difference is that, while the Irish all have an allegiance to Parkhead, there are millions of Scots who not only don’t support Rangers, but actively dislike them.
“Despite the claims of international appeal, Rangers are, essentially, a West of Scotland club. They talk of supporters’ buses leaving from all parts of Scotland, but if you look closely, you’ll see there aren’t many from each area and they are not all full.
“This doesn’t mean that even Celtic will earn fortunes from emigrant supporters. There may be more of them than Rangers fans, but it doesn’t mount to the kind of income necessary to fund their ambitions. But Celtic have been, since Fergus McCann’s arrival, much the better-run club.
“Fergus was the most unjustly maligned man in the history of the game, when you consider that he took the club from bankruptcy into the mainstream and built that stadium along the way.
‘NOW, the Celtic board have more financial heavyweights than Rangers, with people like Brian Quinn, Dermot Desmond and Sir Patrick Sheehy.
“It’s only in the last couple of years that Celtic have sustained losses, but over the five-year period they break even. But Brian Quinn and his board are taking steps to warn people that they are not in the business of heading towards bankruptcy.
“For their pains – for doing their job properly – they get crucified in the media, accused of penny-pinching. I don’t understand it.
“They are determined to keep Celtic properly managed, while Rangers, with Murray, is a one-party state and the man in power has an allergy to any form of personal criticism. But he’s not a businessman in the long-term sense of planning and prudence, he’s more of an impresario.
“But what has been happening is unfair on shareholders, and they’re being short-changed.
“It’s a nonsense, too, to say that Rangers’ shareholders are all supporters who aren’t interested in dividends or profits.
“That’s okay for the man with 50 shares, framed and hung on his wall. The number of shareholders in that category would amount to a minuscule percentage of the equity.
“But I’m 76 and haven’t had a dividend in years, so what’s the point of me keeping shares until they dwindle to nothing? And I’m certain the people at ENIC won’t be too pleased with their investment.”
fleagle1888
philvisreturns:
Your fat kid remark is grossly insensitive, highly controversial and hilariously funny … I’ve nicked it for my Facebook page, having credited you!
Brilliant comment mate lol … and I would agree. Those jowels make him look like Droopy … he also looks like he’s aged 100 years.
ased = asked
directios = directions
Its hard to type and docastwheel s at the same time.
HAIL HAIL
That was a very poor huns team today.
Can you just imagine how much worse the newco team will be?
And people say the SPL needs them?
Ice-cream is exquisite – what a pity it isn’t illegal.
Voltaire
Just wait until the SNP have their way Voltaire.
James Forrest is Lennon: 5 February, 2012 at 14:39
All the liars in the press are being exposed now. They have nowhere to hide … and the anger hasn’t even started yet.
philvisreturns: 5 February, 2012 at 14:42
Had we not gone through that miserable spell we would be out of sight, but it did make the fat laddie look like he knew what football management was all about.
Headlines to some of the threads on Rangers Media Forum right now:
Why Still Making Excuses for Ally?
How the Fk did this squad manage a 15 point lead at one point?
Fickle Fans
Attendance
New manager – who should replace McCoist
Unnacceptable
And my two favourites:
McCulloch as a striker
Suicide Watch
I have hardly done a purposeful thing at all this weekend. Just been laughing and drinking, laughing and drinking and crying and soiling myself and laughing and then having a drink. I’m supposed to be going to the in laws but I’ve just poured a glass of red and I’m laughing as I type and I’m singing, yeah baby, I am singing – Jelly and Ice cream, American Pie, We didn’t start the fire, H*ns are going bust and I’m just going to keep drinking and laughing and crying and doing a one man conga roon my flat. Laptop, vin rouge, cathater and laughter, Sunday is sorted.
TJ
When they were showing the Dundde uts goals at the end of sportscene where they playing the huns singing the cry was no surrender?
What a wonderful way , to spend Sunday, watching Glasgow rangers pass away
Great stuff, though I gave heading up the toon a bodyswerve as it will be a danger zone today; it’s hard for many rangers fans to square being white trash with a superiority complex when it looks increasingly likely that you won’t have a team, let alone a winning one.
If they go this season, I anticipate an almighty summer of marching, as they will have nothing left to cling to. Cue mass disorder and a final awakening across the political spectrum (perhaps with the exception of the tories) that such things cannot be tolerated any more; perhaps that last bit is a bit far fetched!
ulysses mcghee – Phil – he looked like a fat kid being force fed veg…
Ally in happier times:
http://www.youtube.com/watch?v=JH_qsqauRVQ (thumbsup)
Parkheadcumsalford says:
5 February, 2012 at 14:25
BBC full of sympathy for “Coisty”. If he wins the league, according to the wee nyaff, Nevin, it will be the best in 50 years. Is he for real?
Yes , from the massive disadvantage of a point behind. What a fud that little man is, psuedo intellectual,soup taking,hun apologist, forgetful of his heritage, Hibee ( mmmmm) . He is for real , a real arse.
James Forrest is Lennon says:
5 February, 2012 at 14:27
benebhoy:
http://www.youtube.com/watch?v=K37BhzM0I8I
Inspired my man!
share
Just had a wee dance roon my high rise flat oot here in russia don`t know if my russian neeburs know the slosh though.
En route fo Manchester so missed game but result not unexpected
When Rangers diminish/disappear all the Celtic support can depend on for future finance is each other.
No more separatist thinking, those days will have gone. There is a survey taking place of global support base. We need to see ourselves as one. One club with various components, match attenders, game watchers, those who fall in neither category AND the Celtic Board.
Ways of spreading tbe load of supporting what is a global institution need to be found and that begins with examining how things work at present and dumping ideas that fracture the family.
A whole new football world is waiting to be born.
James Forrest is Lennon says:
5 February, 2012 at 14:27
Re the link you posted. At the side there are links to other ‘pop’ songs. Check out the ones with Middle of the Raoad with one Chico Young on the drums.
Does anyone know if the The Rock pub in the West End of Glasgow sells jelly + ice Cream, as i am heading there now?
The 15,000 Rangers fans who turned out today was a crowd reminiscent of the Greig era
Now they were fun times as a Bhoy
voguepunter says:
5 February, 2012 at 14:48
:-)))))))))))))
My dear Auld Donegal Granny (Doris Gallagher) used to sit me on her knee and tell me ‘never gloat at a goat’.
I never understood till now, she talked a load of nish.
Strathclyde police have just issued a Missing Persons bulletin.
Apparently 30k sectarian singers have failed to show up at their home.
Rivers being dragged and high bridges closed until further notice.
share
GreenLion I think that was actual footage of the first goal being scored and it’s aftermath.
have to laugh when i hear about the poor wee rangers fans and how there are being treated so badly. they have won the last 3 league titles with other peoples money, they are being treated bad because they are now having to live within their means like the rest of the clubs in the league
if ranger’s do aviod administration or liquidation i would be amazed if they kept their goalie, davis or any other player on 20k + wages
if they thinks its bad now their in for a rude awakening, ranger wont be spending millions on players and wages those days are gone, the question is, will the rangers fans be loyal under a new order?
i honestly think we will see celtic go from strength to strength on and off the field
“Without ice cream, there would be darkness and chaos.”
― Don Kardong
Tom English has had a hard-hitting, no-nonsense interview with the Abbot of Clonmacnois, sensational stuff…
Q. Abbot of Clonmcnois are you concerned about Rangers FC?
A. Naw. Roon thum.
Young Johnny Russell`s face at the post match interview was a picture, could you get a wider smile.
Well done the day Johnny Bhoy.
Scottish football needs the huns? What for – comedy value? David Healy up front. Little and Kerkar brought on when they needed a goal? Cliff Richard has more chance of scoring in a convent than that lot had today.
And their top signing, well only signing? Off at half time.
Just as well they had Collum today or there would have been a couple of red cards too.
So Super Sally takes them out of his fourth competition of the season. Still the good news is that there are no more cups for them to be knocked out of. Ever.
My apologies it isn’t Chico. I read somewhere that Chick played drums in the group. He was married to Sally Carr at one time. It looks like Chico but it seems to be someone else. Apologies.
James Forrest is Lennon – :)
Now, now.
Let’s not be uncharitable to Mr McCoist.
He’ll be crying and eating as we speak. :*-(
(thumbsup)
Steinreignedsupreme – Had we not gone through that miserable spell we would be out of sight, but it did make the fat laddie look like he knew what football management was all about.
All the better though.
A few short weeks ago, they were going to win the league, they were “The Peapul”, Craig Whyte was a billionaire, Neil Lennon was going to get sacked, etc. etc. …
So it’s working out all the sweeter. (thumbsup)
Paul67 et al
Just as well that Dundee United can handle a physical battle, more so than we could earlier in the season at Ayebroke, otherwise they would have been kicked off the park, courtesy of Willie Collum. The only way Rangers would have ended up with ten men is if that is what they started with. A few on here were positive about the possibility of Stephen Hunt coming to Parkhead earlier this week, needless to say I wasn’t one of them, he should never be within a million light years of Celtic, but you know something he would fit right in at Rangers!
folly, folly in meltdown just now.
http://www.randalstowncsc.ie/content/php?
Never mind the stadium – there were empty couches up and down the country.
Less so in Dundee.
U
Think I’ll go for some vanilla bean drizzled with chocolate syrup. A classic combo that never goes out of style.
icecreamjunkiecsc
TT
Rangers have had to cancel their end of season party planned this weekend for all their players.
Apparently McDonalds in Govan refused to hire out their premises for less than 16 people.
Carlsberg don’t do februaries but if they did…..
TheOriginalSadiesBhoy:
Lmao … maybe we can get him back for the band reunion and the sequal:
“Where’s Your Owner Gone?” as Whytey flees the country …
PG & UF
I should have read back before posting jokes :))))))
HAIL HAIL
The Hooped Crusader
Young Russell could well be doing more damage to R@ngers next season but in a hooped shirt!
James Forrest is Lennon – :)
Now, now.
Let’s not be uncharitable to poor Mr. McCoist.
He’ll be crying and eating as we speak. :*-(
(thumbsup)
Steinreignedsupreme – Had we not gone through that miserable spell we would be out of sight, but it did make the fat laddie look like he knew what football management was all about.
Makes life all the sweeter.
Was it only a few weeks ago that they were going to win the league, Craig Whyte was a billionaire, they were “ra peepul”, etc. etc.?
:)
(thumbsup)