The Lost Voice of the Armageddon Virus

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The comments by the SFA President about ‘We’ need a …

Comment on The Lost Voice of the Armageddon Virus by upthehoops.

The comments by the SFA President about ‘We’ need a strong Rangers are a disgrace from someone who is supposed to be neutral.  Who exactly are ‘We’? Is it the ‘the people’ as in ‘We’ are the people?

upthehoops Also Commented

The Lost Voice of the Armageddon Virus
AULDHEIDJUNE 8, 2017 at 23:02  
If the narrative part way down The ETIMS Diary yesterday is accurate, then how can the SFA not comment on TRFC bringing back on Board an individual who in pursuit of his broken business model, was prepared to mislead the SFA Licensing Committee into granting access to the CL money we now know was essential to Rangers survival. 

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Auldheid, much as it pains me to say it, the media still hold all the aces here. If they decide not to go after the SFA on Rangers issues then the SFA are safe. Why won’t they do it? Loss of readership a real possibility, but in my view a fear of conceding even a single piece of SFA bias could lead to a lot more issues being looked into.  So they circle the wagons instead and portray Regan as some kind of honourable statesman.


The Lost Voice of the Armageddon Virus
ALLYJAMBOJUNE 8, 2017 at 12:22  
Graham Spiers showing us why Scottish ‘journalism’ is viewed with such contempt, in one tweet!
‘Replying to @CQNPaul the old Rangers FC was done-in by this. It skewered itself on this debacle. ‘Murdered’ as Alastair Johnston put it. So why persist?’

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Also, should the Supreme Court dismiss the BDO appeal I have no doubt Mr Spiers will also repeat his mantra that no titles should be stripped. Quite why he thinks it is fair to win titles in this way he has never explained, but he has said all along they should not be stripped. Normally he says it while pocketing a nice sum from the BBC licence fee. So a prominent Journalist thinks it’s okay for a football club to withhold money from HMRC and use it to fund better players instead. Then when they get caught he himself takes public money to say it was actually okay for them to do that! If he thinks it was okay, the least the licence fee payer should expect is his reasoning. He makes a great play on Twitter about his social conscience, yet is quite happy for a football club to s*it on the taxpayer, then stick two fingers up at everyone into the bargain. 


The Lost Voice of the Armageddon Virus
Incredible article from 2002. Always well worth a read every now and then

http://www.scotsman.com/sport/football/adam-shakes-ibrox-pillars-with-warning-of-bankruptcy-1-595808

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.”
Read more at: http://www.scotsman.com/sport/football/adam-shakes-ibrox-pillars-with-warning-of-bankruptcy-1-595808


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?

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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.

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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.

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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. 


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