Podcast Episode 5 – Hibs Takeover ?

By

Honest mistakes to be a thing of the past? http://www.bbc.co.uk/sport/0/football/29109481 Although that …

Comment on Podcast Episode 5 – Hibs Takeover ? by The Cat NR1.

Honest mistakes to be a thing of the past?

http://www.bbc.co.uk/sport/0/football/29109481

Although that news is tempered by the decision of Sepp Blatter to follow in the footsteps of Campbell Ogilvie and seek re-election.

The Cat NR1 Also Commented

Podcast Episode 5 – Hibs Takeover ?
scapaflow says:
September 8, 2014 at 5:00 pm

The Cat NR1 says:
September 8, 2014 at 4:58 pm

Given how he left the league, not sure he would be much of an asset on TRFC board, but hey ho
////////////////////////////////////////////////////
Nice one.
🙂


Podcast Episode 5 – Hibs Takeover ?
capaflow says:
September 8, 2014 at 4:10 pm

Phil appears to be tweeting that wallace has gone, but the site is down so can’t confirm

“Phil MacGiollaBhain ‏@Pmacgiollabhain 4m
http://www.philmacgiollabhain.ie/off-site-and-off-script/ …
Bye bye Graham.”
////////////////////////////////

If that’s true, it was a very prophetic set of postings earlier today, and wottpi’s question from 2.06pm has been answered within a couple of hours.


Podcast Episode 5 – Hibs Takeover ?
wottpi says:

September 8, 2014 at 2:06 pm

The Cat NR1 says:
September 8, 2014 at 12:34 pm

I have happily said that perhaps Wallace and Nash like a challenge. Good luck to them if they do.

Previously T’Rangers said the following in relation to Rangers responded to Malcolm Murray’s claims concerning the board’s motivation around the time of the AGM , a spokesman insisting:

‘They are there to bring corporate governance to the club, which Malcolm Murray patently failed to do, and to protect the interests of investors which Malcolm Murray failed to do.’

It looks like there is still no corporate governance at the club and the vultures are circling.

At what point does Wallace and Nash admit they called it wrong?

As discussed before if they do manage to get promoted my guess is the two of them will exit stage left ASAP.
//////////////////////////////
I agree totally with all of that.
It’s the corporate governance issue that is the key.
They appear hamstrung by the various factions within the PLC shareholders (is that the powerbase ❓ :slamb: ) and the desire of the apparently autonomous subsidiary to carry on spending regardless.

When do they admit that they called it wrong? I suppose that there is always hope that a road to Damascus moment may befall the various parties, and they all unite behind a manifesto of severe cost cutting. I can’t see it happening though, looking from the outside, but I suppose that they are still hoping that the lemmings turn back from the cliff at the last minute. How is the cliff defined, and where is the point of no return? Administration, the L word that dare not be spoken, or another share issue to fund out of control expenditure?

A picture of Wallace and Nash stood alone on the edge of a cliff looking down and saying to each other, “I think we called that on wrong” is forming in my mind.


Recent Comments by The Cat NR1

The Day I was on the Scotland U-23 Bench
http://www.bbc.co.uk/sport/football/38428288
It’s nice to see that the BBC is carolling from the SkySports songsheet in the above article.
“OF” mentioned twice and some top level liquidation denial thrown in for good measure.


Peace – Not War
Any chance of this happening in Scotland?
http://www.fsf.org.uk/blog/view/mp-calls-for-government-to-clean-up-game-edm-nov-2016


Peace – Not War
bfbpuzzledDecember 6, 2016 at 20:31
What do the various Rangers have to show for their loans fundamentally hee haw I believe. Nothing has been done to build potential long term income streams via improved facilities or some other projects. It seems that the assets have declined in value and future fixed costs are likely to rise in the form of deferred maintenance. There may be a baldrickian plan and opportunity available for some rich tax pauchler but I do not know what it is -perhaps some advice should be sought.
===================================
I suspect that rather than one of Baldrick’s cunning plans, they will go with the tried and tested Earl Haig’s underpants over the head and pencils up the nostrils. And we all know how that ended up.
It wasn’t the admininistration and liquidation to end all administrations and liquidations though. Deja vu?


Peace – Not War
HomunculusNovember 24, 2016 at 21:2328 Votes 
Using EBTs incorrectly in order to reduce your tax was never a “loophole” it was classic tax avoidance.
Tax avoidance is not and never has been perfectly acceptable as some people would have you believe. That is tax management.
Tax avoidance is using a legitimate scheme, incorrectly, for a purpose which was never intended.
Investing in an ISA is tax management.
Using an EBT to receive contractual payments is tax avoidance.
====================================
That’s heading into tax evasion territory.


Peace – Not War
John Clark
November 25, 2016 at 10:365 Votes 
upthehoopsNovember 25, 2016 at 07:11 “9. …and they all lived happily ever after.” SmugasNovember 25, 2016 at 07:27 “..at a cost (to them) of between £1-3 million per annum. And if they can do that without our contribution..” _____________ But fear not! The 4-year-old club will get a bob or two from the friendly with RB Leipzig in January, and, the rumour mill grinds out, a lucrative sponsorship deal from the owners of that 7-year-old club, none other than Red Bulls.it.  Possibly even a buy-in!
============================================================
Would they bring out a special OrangeBull to mark the occasion?
 
500M potential worldwide customers could generate a huge turnover, and with the club/company/engine room subsidiary getting 1p cashback for every 1,000,000 unit sales of OrangeBull that could solve the funding plan (or is it business plan?) gap almost overnight.
 
I’m sure Neil Patey would confirm that to be the case.


About the author