Podcast Episode 4 – Turnbull Hutton

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Comment on Podcast Episode 4 – Turnbull Hutton by TSFM.

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Podcast Episode 4 – Turnbull Hutton
ecobhoy says:

May 11, 2014 at 3:42 pm And Big Sammy – what can I say – I have always blown hot & cold on him but he leaves and in his heart will be a Celt forever and he showed a personal side to his personality today with the yougster that I will always remember and respect.
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Not so sure Peter Lawwell will agree with you there! 😈


Podcast Episode 4 – Turnbull Hutton
Doncaster. Ouch !! 😳


Podcast Episode 4 – Turnbull Hutton
Interesting comment by Richard Wilson on BBC website. Whilst having a sideswipe at Graham Wallace’s about his bonus in contrast with admin redundancies at Ibrox, he also claimed that the players have been paid no bonus for winning the league.
I have been preoccupied recently with other stuff, but I am sure I wouldn’t have missed that factlet?
Is this another MSM-dispensed “fact” or is it actually true I wonder?

http://www.bbc.co.uk/sport/0/scotland/27272543


Recent Comments by TSFM

It Takes Two to Tangle
John Clark
Have sent you a mail regarding the Counsel’s Opinion matter. Let me know when you receive it.

Everyone else
I thought John should have a first look at the advice I have received. Will post later when JC has had a butcher’s.


It Takes Two to Tangle
Hoopy7
TSFM certainly doesn’t have any locus to sue. I think that, as others have said, the value of such a move would be the confidence and credibility we would gain from having counsel back up our viewpoint – or the credibility and humility we would have thrust on us if counsel contradicts our consensus and we publish that regardless 🙂
It would also be good to direct counsel not to simply advise in accordance with our own preconceptions.

AJ
I don’t know the disclosure requirements for AIM, but one thing we have learned from this situation, is that AIM are about as effective a constraint to poor practice as a chocolate teapot, and as vigilant a watchdog as a dead sloth.
My suspicion is that a line of credit has been obtained in return for the deeds of Murray Park.
The money changing hands here is not Murray-esque, so although the ‘buy now-pay later’ ethos may be alive and well, the degree is less severe than in the past.

Looking forward, even the sums talked about in any rights issue or subsequent shares issue (moonbeams or otherwise) are modest in relation to the ambition. As an optimist, I suspect that Rangers fans are beginning to wake up to that.

If so it may be that some of the fan groups will start to resist the Murray/Green moonbeams approach and try to instil a greater sense of realistic expectation amongst the Bears. I certainly hope that is the case, because it will be a significant and welcome development for their club, and the start of what will hopefully be a reconciliation across the whole spectrum of the Scottish game.


It Takes Two to Tangle
On other matters which have been discussed of late, I think it is now beyond doubt that someone somewhere is putting cash into TRFC. It seems inconceivable that a company which urgently needed a million and a half quid weeks before ST renewals were announced would be in a situation where the burn rate had slowed to zero, thus requiring no cash top-up.

Subsequent ST renewal money is already £1.5m light due to the loan. Whilst helping with immediate cash flow, that could not justify the recent player acquisitions (which are absolutely necessary to ensure promotion in a league which is more competitive than they could ever have feared), especially given that the quest to recoup some cash by unloading already overpaid players will likely prove fruitless.

It seems certain, and a ‘Chic Young’ confirmatory nod has been dispensed in our direction, that cash has been made available by interests who are violently opposed to the scuttling of the ship.
We are trying to find out more info on whether or not the input transactions(which would inevitably show up as loans) will be visible to shareholders.

I am fairly certain that any shareholder request to open the books would be problematic for the TRFC board.

We can certainly be sure of one thing. TRFC is not running on air, or credit from a bank. They MUST be getting money from somewhere. I suspect that the silence is due to what measures they will be forced to take to pay it back.


It Takes Two to Tangle
John C
I think I we would be happy to do what you ask. I have absolutely no idea of the cost of such a venture, nor whether or not it would be money wisely spent.
Campbellsmoney has been absent of late, but his input might be useful – as would the opinion of any other legal types.
Counsel’s opinion, whatever it turned out to be, would be the basis for a blog, or podcast where we could help to inform as wide an audience as possible. I will investigate further and keep you all in the loop.
I don’t want to solicit any contributions right now, but I will report back on the likely cost and viability.


It Takes Two to Tangle
I don’t know why we are getting all hot and bothered about the Big Production number surrounding the Championship. We are talking about the 2nd, 3rd and 5th best supported teams in the country. The standard of football on offer is secondary to the box office appeal of those clubs.
Can’t blame the TV companies for wanting to sustain their sub levels.


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