Accountability, Transparency, & Brave Sir Robin

By

BIG PINKOCTOBER 11, 2016 at 01:11   Heard tonight, from a reliable …

Comment on Accountability, Transparency, & Brave Sir Robin by upthehoops.

BIG PINKOCTOBER 11, 2016 at 01:11  
Heard tonight, from a reliable but not un-conflicted source, that the hat is being passed round by King and his board. Much hope was placed in Brian Kennedy to provide the resources that might allow a charge for European footie next season. Alas that ship may have sailed.
Medium term strategy has now been replaced by a short-term one, and although there is concern with regard to liquidity, cashing in on some assets in January is now the main plank of the ‘stay alive’ strategy – those asset sales funding repayment of any loans raised this month to pay the bills.

===========================

My opinion (which many within football would regard as meaningless anyway) is that they don’t have a single asset on their books they could make decent money from selling. Those free transfers and development fee signings from England are here for a reason. Not one of their players has excelled in the top league, and the comfort zone of playing Championship level teams and below is obvious. 

They have obviously looked across the city and seen the riches Celtic have made from buying small and selling big. They will also see that Celtic have signed quite a few that didn’t make it, and Celtic invest far more in their worldwide scouting than Rangers do.  As always the main problem is the media. They would have us believe that Warburton, Weir and MacParland are so good they can spot every gem from down south that no other club with immensely greater scouting resources manages to identify.  One day someone may actually point out the King has no clothes, but remember they didn’t even do that with Craig Whyte until he pointed it out himself. 

upthehoops Also Commented

Accountability, Transparency, & Brave Sir Robin
Just heard on the news there that plans for the rebuild of the main stand at Tynecastle have been approved, and work will start soon. Isn’t it amazing what can be achieved at a club when the fans rally round to save it and don’t blame everyone else, and you get the right people in charge. 


Accountability, Transparency, & Brave Sir Robin
STEVIEBCOCTOBER 11, 2016 at 17:01  
Phil is allegedly, implying – in writing – that there are issues wrt the last 2 quarters of VAT payments.
Well, if he is not quickly forced to take down this particular post…then we all need to stock up on the popcorn !  

========================

Interestingly today’s Daily Record has regurgitated an old story about a number of Celtic figures being involved n a tax avoidance scheme with a film company. Even though this is news at least a couple of years old, they have gone with a front page headline, following an ‘investigation’.  I have no time for any sort of tax avoidance other than that which is legally permitted, so tough sh*t to anyone who gets caught in anything dodgy. However the Record headline is misleading to say the least. There is no question at all that any of these figures did not pay all tax due on their earnings with Celtic, or that the club did anything improper. It has the smell of a planted story all over it. You don’t suppose there might be a big tax story directly related to another Scottish football club about to hit. do you?!!!!!!


Accountability, Transparency, & Brave Sir Robin
Rumours about a large Scottish football club receiving demand letters from HMRC are growing by the day. They remain rumours, but believe me it is not idiots who are saying it. 


Recent Comments by upthehoops

It Is Better To Offer No Excuse Than A Bad One
ALLYJAMBOJANUARY 2, 2018 at 11:07

Wow! I know we are not meant to put much store on the thumbs up or down, but two people have given thumbs down to this post! Who on earth could find fault with a post respecting the dead from the Ibrox disaster?

================================

A bit puzzled at the thumbs down myself A.J, but there’s nowt queerer than folk as they say!


It Is Better To Offer No Excuse Than A Bad One
On this day in 1971, the Ibrox disaster happened during a Rangers v Celtic game at Ibrox. 66 fans died in a crush. Some of us remember that day, some of us may even have been there, while some of us would not even be on this earth at the time. 

We are all football fans. Nobody should go to a football match and never return home. Rest in Peace.


It Is Better To Offer No Excuse Than A Bad One
CLUSTER ONEJANUARY 1, 2018 at 19:27

“If they move out of Hampden, the SFA are in danger of leaving themselves hostages to Rangers and Celtic,” said Queen’s Park president Alan Hutchison.

======================

I am a Celtic shareholder and if it was up to me (which it is not), I would tell the SFA here and now that Celtic Park is unavailable for any future fixture.  However I know that will not happen, but I doubt there is anything they could do to force Celtic to allow them use of the stadium.  


It Is Better To Offer No Excuse Than A Bad One
ALLYJAMBOJANUARY 1, 2018 at 12:18

I see, too, that PMGB is issuing challenges, in two posts, to the Ibrox based boards to issue denials of what he is telling us.

============================

I see it is alleged £800k is owed to suppliers. In my view unless any of it is due to a financial behemoth such as one of the big six energy suppliers, then we are unlikely to see any winding up requests heading towards court. It simply wouldn’t be worth the risk for any small supplier in Scotland to do that. Having said that I find it remarkable anyone is willing to extend them any sort of credit at all, or are they worried about the bully boys on that score as well?

I’m sure the SFA will want to satisfy themselves all is well though. I am also sure a herd of pink elephants takes off from Glasgow Airport at 20:00hrs tonight with the moon as their destination.


It Is Better To Offer No Excuse Than A Bad One
Phil McG alleging a surveyor has recently visited Rangers training ground to attain a valuation, and that King has also approached a non-Uk Finance House. As Phil says this may well be King raising funds to make a share offer, but IMO it could be to raise working capital too. 


About the author