Podcast Episode 3 – David Low


I don’t think that even the SFA are stupid enough …

Comment on Podcast Episode 3 – David Low by neepheid.

I don’t think that even the SFA are stupid enough to provide financial assistance, even if they had the money, which they don’t. They are corrupt enough, I don’t doubt that for a second, but a straight “bung” would be too risky.

Any pillow talk between Wallace and Ogilvie most likely relates to the amount and timing of any points deductions for this season and next. This is where the powers of the world’s greatest football administrator will be utilised to full effect. In the event of an insolvency event at Ibrox, be prepared to watch the elastic of the SFA rule book being stretched as it has never been stretched before. This is going to make the 5 way agreement and the rest of the shenanigans around the birth of Sevco look like a model of good football governance. You ain’t seen nothing yet!

neepheid Also Commented

Podcast Episode 3 – David Low
Latest from James Forrest:


Podcast Episode 3 – David Low
upthehoops says:
May 1, 2014 at 8:13 pm
1 0 Rate This

Evening all. I’m still trying to locate a link to the SFA Article 10 (fit & proper person). I can’t find it on their website. Does anyone have a link to it?
This article contains the wording, and a link to the rules:


Podcast Episode 3 – David Low
iamacant says:
May 1, 2014 at 2:49 pm
4 0 Rate This


In the red corner we have Alan McKenzie and in the blue corner we have the great white hope from SA
Seems that Alan wants King to cover his huge loss, and King has told him to dream on-
According to MacKenzie, he was told by King: “”Why should any new investor bail out existing investors because they made mistakes in overpaying for their shares. The club needs money not complaining shareholders.”
I agree with every word that King says there, but isn’t he supposed to be on some PR offensive with the fans at the moment? Those who bought shares are going to love that comment- talk about getting your nose rubbed in it!

Recent Comments by neepheid

Resolution 12 & The Broken Bond
The Celtic Board have a huge shareholder majority behind them regarding any actions they take, or don't take. The Board can argue convincingly that any financial loss suffered by Celtic over the Res12 issue, is more than compensated for by the continued existence of a football environment in which the PLC makes pots of money.

That football environment is predicated upon the continuation of the "Old Firm" at any price. Part of that price (in the Board's view) is allowing the deep corruption at the heart of the SFA to continue unreformed. 

I am not an advocate for any of this, far from it. I walked away years ago, over Ogilvie's enthronement for a second term as SFA President, unopposed by Celtic. That episode, forgotten no doubt by most on here, was the writing on the wall for me.

Everything that has happened since  has confirmed me in my view that the Celtic Board have no intention whatsoever of rocking the boat. I can understand why. But it sticks in my craw, and always will. 

Honesty has no price, in my world. To say that Celtic were totally unaware of the contents of the 5 Way Agreement? Sorry chaps on the Board, but I'm not buying that one.

These days I watch St Roch's when I can. That's football for me now. A breath of clean air.




Is Regan a DIDDY?
This is worth a read on the Morelos transfer saga- apologies if already posted.


Is Regan a DIDDY?
I see that Sir Walter is being touted for the Scotland manager vacancy. I can fully understand why the deadly duo of Jack and Jackson are pushing this so hard.
TRFC are (as always) in some financial difficulty, despite having a squad containing galacticos in the £8m bracket. They need to get the paper value of that squad even higher, to encourage the Real Rangers Men to come forward with donations (sorry, loans). Their children’s inheritance will seem so much safer if the club has some valuable tradeable assets on its books.
This is where Walter comes in. A few international caps can do wonders for the value of even the most pitiful dumpling. Just watch, as caps are doled out to every player in the TRFC squad who has a Scottish qualification. Look on in wonder as TRFC squad value is doubled or trebled in a matter of months.
That’s the plan, folks. Desperate men, desperate measures, and all that. Shame about the better players edged out of the Scotland reckoning, an even bigger shame for the Tartan Army, who will see any prospects of Euro/World Cup qualification go up in smoke.
By the way, I agree entirely with Homunculus regarding JJ’s latest. Whether true or not, it is a disgraceful piece. 

The Elephant in the Room
From Twitter. This made me laugh on a cold winter morning


The Elephant in the Room
I may be wrong but I understand the loans to be viewed as money taken from the company
I may be wrong but I understand the loans to be viewed as money taken from the company –HMRC Guide  https://www.gov.uk/directors-loans 1. OverviewA director’s loan is when you (or other close family members) get money from your company that isn’t:a salary, dividend or expense repaymentmoney you’ve previously paid into or loaned the company– please advise?
That HMRC advice relates to the common situation where directors borrow money from their company. Here RIFC (or TRFC?) has borrowed money from its directors.

About the author