SFM – The Next Steps

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Mcfc says: Member: (1245 comments) May 22, 2015 at 9:11 am Has King …

Comment on SFM – The Next Steps by neepheid.

mcfc says:
Member: (1245 comments)
May 22, 2015 at 9:11 am

Has King sorted a credit line from a bank yet – the most basic indicator of fiscal responsibility.

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I am sure that if King and the Three Bears will provide unbreakable personal guarantees backed by legal charges over their houses, then some bank will be prepared to provide a line of credit. They would be the first directors in the brief but eventful history of TRFC to do so, though, and for very a good reason- none of the previous directors were totally stupid..

As regards today’s Scotsman article, I see that it is now stated as fact that King has matched the Three Bears loan of £1.5m. I also see that not one of our intrepid press corps thought to ask whether King has any security for that “investment”.

Incidentally, I see that we can’t call it a loan, because absolutely the only debt which “one of the strongest clubs in the world” (and yes, folks, King did actually say that) has is the £5m owed to Ashley.

And let’s not forget King’s respectful comments about the return to the top of the top flight- “Our first year back, we are expecting to compete with Celtic. It’s our natural competition and, hopefully, within the first year there will then be Europa League income.” Bugger all the other clubs, then. They don’t even merit a mention.

At least with Charles Green, you knew the guy was having a laugh, and he was genuinely funny. There is nothing even slightly funny about King. He really means it. It’s just David Murray all over again.

Scottish football is going to deeply regret letting this weasel into the hen house. But that’s what the clubs have signed up for. The situation is now entirely out of their control, as they will find out in very short order.

neepheid Also Commented

SFM – The Next Steps
There’s Only One Willie Miller- Give it a chance! If it’s been Celtic all the way after a dozen episodes,then you’ll have a point. Certainly the previous series of podcasts weren’t at all Celtic based, and I have a lot of confidence that these broadcasts will cover the full spectrum of Scottish football. Maybe the next guest will be Barry Ferguson.


SFM – The Next Steps
StevieBC says:
Member: (735 comments)
June 19, 2015 at 3:19 pm

And if TRFC is operating a minimal squad size, then it would be prudent for TRFC to keep the loans pipeline open from NUFC – to cover injuries as the season progresses, if need.

And if Ashley is no longer on the NUFC Board, can he plead no ‘dual interest’ – on the face of it anyway, to the SFA ?

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Does anyone seriously believe that the SFA will have any problem at all with TRFC being loaqned quality players at favourable rates from NUFC? They did nothing about it last season at a time when Ashley was in breach of their dual interest rule. A precedent has been set, and there is no way they will object to TRFC being stuffed with cheap loan players by Ashley.

More surprisingly, there wasn’t a cheep from the other promotion contenders last season. There’s no reason to think that will change either.


SFM – The Next Steps
This little snippet from the Herald must make lovely reading for Motherwell fans, regarding Stewart Robertson, the new MD at TRFC, and recently in paid employment at their club.-

Robertson left Motherwell earlier this year in the wake of Les Hutchinson’s takeover and has insisted that his loyalty has always been with Rangers.

http://www.heraldscotland.com/sport/football/rangers-md-stewart-robertson-expects-more-new-signings-within-days.129438405

I’m going to call this “Barry Ferguson Syndrome”, where you take a wage from one club, but in fact owe your loyalty to another. Only in Scotland? Do these people really have no shame?


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.

http://twohundredpercent.net/rangers-transfer-window/


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

UK Emergency Alert‏ @EmergencyAIert 35m35 minutes agoMoreEMERGENCY ALERT: THREAT INBOUND. SEEK IMMEDIATE SHELTER. THIS IS NOT A DRILL. REPEAT. THIS IS NOT A DRILL. SEVCO ARE GOING INTO ADMINISTRATION. REPEAT. SEVCO ARE GOING INTO ADMINISTRATION. SEEK IMMEDIATE SHELTER. THIS IS NOT A DRILL


The Elephant in the Room
GERRYBHOY67JANUARY 11, 2018 
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?
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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.


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