Small Price to Pay?

I think there has been an appreciable shift of opinion amongst fans of TRFC recently.

 

Unlike the ‘invest: speculate to accumulate’ rhetoric featured in the press and by ex-players, the ordinary fans are coming to the realisation that there is no quick fix. There are even murmurings that there may never be a fix which involves their club becoming a competitive force.

 

Poor management of fan expectations has long been an accusation levelled at the TRFC board by SFM. It is possible though that many fans are beginning to manage their own expectations rather better. There are certainly justifiable criticisms of the manager, Mark Warburton, but alongside that is a realism about the limitations and constraints that he is working under.

 

There is a rather misguided, and possibly not accurate assumption that another liquidation for a team out of Ibrox would result in having to start ‘yet again’ in the bottom division; but in fact there is a growing acceptance that consolidation in the top league is a much better solution than gambling on huge borrowing simply to stop Celtic adding more notches to the goalpost.

 

Could it be that the fans are about to do the job that the board haven’t had the balls to do –accept the gap between themselves and (at least) Celtic, and settle for mediocrity on the field as a short term price to pay for continuity?

 

During the 1990s, in the middle of the Murray/BoS fuelled spending spree, and with Celtic in the doldrums, it seemed to many Celtic fans that their club would never be able to bridge that gap. Of course they did, but at the emotional cost of losing the exclusive 9IAR record.

 

TRFC now find themselves in pretty much the same position, but their road to bridging the current gap is a more difficult one.

 

There are similarities of course. Like the Celtic of the 90s, Rangers have major infrastructure challenges to meet. Celtic had a stadium to build, Rangers have Ibrox (and Auchenhowie) to fix and improve. Both required massive investment to improve the team, although I would argue that Rangers have a steeper hill to climb in that area.

 

Unlike RFC of the 90s, Celtic’s accrued wealth has nothing to do with an intravenous hook-up between their bank account and the chairman’s pals at the bank. Their baseline advantage over the current Rangers predicament is a combination of a stadium which holds 10,000 more fans than Ibrox, no debt, a burgeoning cash balance and the current inflow of European cash.

The Euro cash and the cash balance could be depleted, but the 10,000 extra seats won’t.

 

It also seems difficult to imagine how TRFC can obtain seed capital – even if they were inclined to gamble – given the combination of barriers to achieving that;

 

  • They have a PLC with no stock market listing
  • They have NO executive directors on the PLC board
  • The current chairman is a convicted criminal, convicted of offences involving money
  • The current chairman and vice-chairman are both directors of a previously liquidated club, and therefore associated with the financial mismanagement which brought that about.
  • In that climate, sponsorship deals are hard to come by. Major sponsors want to be associated with stability, success and integrity. TRFC don’t tick many boxes in that regard.
  • Banks do not lend to football clubs. Pre Murray/Masterton, football clubs were cash businesses with modest overdraft facilities to cover modest cash-flow peaks and troughs. The banks have returned to that model. 1987-2007 was the exception, not the norm.
  • They are at war with a powerful and substantial shareholder in Mike Ashley.
  • There is still litigation pending on more than one front which could even call into question the ownership of the club’s assets.
  • They are in debt already (estimated at around £15m).
  • The current onfield situation may require yet another write-off in terms of contracts.

Any one of those bullet points could be enough to derail any plan to get to the top. In combination, there may even be an existential question to answer.

That is why the fans are starting to look a lot smarter than the board, and ultimately the good sense of the fans may well help the board to find a way out of their current dilemma.

But even with realistic expectations from the supporters, is it possible that they can find a way? Is there for instance someone with a magic wand or bag of cash who could come in and turn it around? Perhaps, but who would risk money on a precarious venture like a football club when one of the most powerful businessmen in the country is in dispute with you?

 

In order for serious inward investment to happen;

  • Ashley has to be reconciled with the board (needs King and Murray to go).
  • The debt has to be written off .
  • The new investor(s) has to be given control of the club (and this would perhaps require another 75% special resolution where current shareholders would be asked to vote to dilute their own influence).
  • If they achieved that (and it is a pretty big if) the new investor cash would go into the club’s bank account – not used to pay off the debt –  and they would be free to pursue new and better sponsorship deals, improve the merchandising contract with an onside Ashley, and add new revenue streams.

Even then, any new board would need to see the infrastructure challenges as paramount. Having one eye squinting in the direction of Parkhead will blur the bigger picture.

Their priority should be to reduce the losses (whilst increasing wages for better players), fix the stadium and the training ground (both in need of repair and improvement), build a scouting and youth infrastructure, and free up a (relatively modest) wad of cash to improve the playing squad.

In defence of the current board, the challenges facing them are almost vertical in incline. No matter how skilful they are, nothing other than someone with a barrowload of cash and a very long term outlook can put any kind of fix in place.

£50m might buy the debt and equity, and repair the stadium, but progress requires on-field improvement. It also needs stability, and therefore Ashley’s cooperation. The price of that is the head of Dave King.

Rangers will bring in more at the gate than Aberdeen, Hearts or Hibs, but they have a considerably higher cost base than those clubs. With better players, recurring costs will be even higher – much higher.

To square this circle, however unpalatable it appears to be, peace has to be made with Ashley. That is the key to being able to embark upon a journey that has any chance of success. Otherwise, the clocks will have to be reset to 2022, and the end of the SD contract, before progress can be made.

However there is no chance it can go on that long. Rangers fans may be increasingly less demanding in what they expect, but they will need to see some signs – and not just words – that a plan is in place.

The board are getting ready to throw Mark Warburton to the hounds (the MSM lapdogs have already been armed with poison pens to effect that). This will buy them some time, but not enough.

 

We’ve said it before, and at the risk of sounding like a broken record, I’ll say it again;

 

For Rangers to have a fighting chance of competing at the top of football, King needs to be gone. If he does go, half of the barriers preventing the club raising cash are dismantled. 

So is King’s departure a price worth paying? If he really had Rangers in his heart, he would say ‘Yes’.

 

 

 

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About Big Pink

Big Pink is John Cole; a former schoolteacher based in the West of Scotland, He is also a print and broadcast journalist who is engaged in the running of SFM . Former gigs include Newstalk 106, the Celtic View, and Channel67. A Celtic fan, he is also the voice of our podcast initiative.

1,627 thoughts on “Small Price to Pay?


  1. GG
    Spot on – what you describe is an agreement to agree – in other words, no agreement at all.


  2. neepheidMarch 9, 2017 at 13:06
    “……First, they considered the two schemes (or rather, the trusts through which they operated) together and stated they did not know of any difference between the two, not realising that one had already been declared unlawful and was therefore fundamentally different from the other…”
    _______
    Does not say a hellish lot about the knowledge and competence of retired judges.
    One would expect that LNS would have brought himself entirely up-to-date on what had been happening on the tax avoidance/tax evasion front, and would have done done some research into what he was supposed to be dealing with.
    But of course….
    And then again, in fairness to the man, he must surely be feeling like an absolute gobshite, to have betrayed his ignorance of matters of serious relevance to the decisions he was called upon to make, an ignorance that makes him, in the minds of many,  look like a first year law student or a most compliant partner in a horrid scheme to enable  a cheating football administration and a cheating knight of the realm escape the censure that, in strict truth and justice, they deserved.
    In the abstract, can there be a worse evil than an ‘unjust judge’?
    And why does “The Untouchables” court scene come to mind?


  3. To follow up on GG’s observations above.

    Keef & Ralston’s ‘sand dance’ spin in the DR today, with my italics
    222222

    “Rangers to appoint Pedro Caixinha after directors hold summit with players to assure them new coach is on his way to Ibrox”

    Record Sport understands Rangers MD Stewart Robertson and sidekick Andrew Dickson yesterday arrived at the players’ Auchenhowie HQ after training to bring them up to speed with their ongoing search for a new boss as well as a director of football.

    And while they didn’t name Caixinha, it’s understood the Portuguese is finally set to arrive in Glasgow ahead of Sunday’s Old Firm showdown…”

    [So, the players were informed they are getting a new manager – but they can’t be told his name him yet?
    However, the DR is happy to confirm the name to the general public ?  15 ]


    “As we revealed the Portuguese coach was still stuck in the desert yesterday…”

    [Bloody hell, does Pedro not understand that ‘Rangers’ have anointed him manager…and he’s messing about in the sand ?
    Got a mental image of ‘Walter’ and Bomber bumbling around the desert on a mission from King – with spades in hand    – shouting out to Pedro who has now sunk up to his neck in the sand;
     “Don’t worry Pedro we’ll get you: No Surrender – We Are The People!” ] 
    =============================================

    Level42 / Keef are playing a high risk game with their ever more assertive headlines.

    A wild gamble just to generate some positive, distracting news going into the CFC game ?

    Popcorn on standby.  


  4. If I was being really, really cynical, [for which I blame SFM  09]…

    The only attraction for a dodgy businessman to recruit an unknown, foreign manager – would be the opportunity for generating cover for funds transfers with Qatar, which has weak anti-money laundering enforcement.

    No, that would be too cynical, and is only wild speculation on my part.

     


  5. Okay all you bampots, I must pass on a message to you on behalf of those tigers of journalism on Radio Clyde.  Gerry McCulloch informed us tonight that the fact they are getting their new Manager puts paid to those rumours that Rangers have no money. The panel agreed with him so there! 


  6. UPTHEHOOPS
    soon as you used journalism,radio clyde and gerry mcculloch i knew it was true 06


  7. STEVIEBCMARCH 9, 2017 at 15:36
    “Rangers to appoint Pedro Caixinha after directors hold summit with players to assure them new coach is on his way to Ibrox” … Record Sport understands Rangers MD Stewart Robertson and sidekick Andrew Dickson yesterday arrived at the players’ Auchenhowie HQ after training to bring them up to speed with their on-going search for a new boss as well as a director of football.
    And while they didn’t name Caixinha, it’s understood the Portuguese is finally set to arrive in Glasgow ahead of Sunday’s Old Firm showdown…”
    [So, the players were informed they are getting a new manager – but they can’t be told his name yet
    ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
    “Understands” = invented story  
     Or put another way
    It`s tea break mince written by the office junior and approved by a lazy senior “Journalist”
    Why no name given?
    Because it sets up the scenario that Caixinha might not after all be jetting in for the match
    And
     “As professional Directors of a great club we are so determined to make this appointment soon that we have a fall back Manager lined up
    The Reality?
    It all depends on Sundays result
    If Murty does enough to be credible until the end of the season e.g. loses by less than 4 goals
    Then
    Next weeks mince will be
    “The deal with the Arabs has fallen through and Murty deserves to carry on for the rest of the season”
    If Murty has a disaster on Sunday e.g. loses by 4 or more goals
    Next weeks mince will be
    “Since the deal with the Arabs has fallen through, Murty will be backed up by a former player who will teach the team what playing for the best supported team in the world demands from every single player
    How do we know that the deal with the Arabs has fallen through?
    Because the MSM have started briefing against Caixinha starting with his 2015 video congratulations to Delia on winning 4 in a row. This video (no doubt supplied by Level5) could have been reported weeks ago and wasn`t
    Why do I think like that?
    Because the vast majority of stories about TRFC are lies invented to further the Directors agenda
    Caixinha is just the latest in a long line of invented stories
    They don`t deserve the benefit of the doubt


  8. GOOSYGOOSY
    MARCH 9, 2017 at 18:45

    Why do I think like that?

    ========================

    And I’m thinking that you could mibbees be even more cynical than me ?

    But the Pedro story has usefully filled numerous column inches and hours of radio airtime – and provided much mirth.

    I’m now starting to feel pity for the Ibrox shambles…does that make me a bad Bampot ?  
    I think I should be told !  15


  9. STEVIEBC
    And I’m thinking that you could mibbees be even more cynical than me ?
    i thought your name was stevie,beyond cynical 06


  10. UPTHEHOOPSMARCH 9, 2017 at 18:19       5 Votes 
    Okay all you bampots, I must pass on a message to you on behalf of those tigers of journalism on Radio Clyde.  Gerry McCulloch informed us tonight that the fact they are getting their new Manager puts paid to those rumours that Rangers have no money. The panel agreed with him so there! 
    ————————
    But he has yet to get his first pay packet at the end of the month09


  11. Cluster OneMarch 9, 2017 at 19:29 
    UPTHEHOOPSMARCH 9, 2017 at 18:19       5 Votes  Okay all you bampots, I must pass on a message to you on behalf of those tigers of journalism on Radio Clyde.  Gerry McCulloch informed us tonight that the fact they are getting their new Manager puts paid to those rumours that Rangers have no money. The panel agreed with him so there! ————————But he has yet to get his first pay packet at the end of the month
    _________________________
    And whatever it is, it will still be less than the combined pay packet of the Ibrox3!

    I wonder if McCulloch made this nonsensical statement because he thinks a club with a potential £2m pay-out for wrongful dismissal wouldn’t be signing up a new manager unless they were flush with cash! It’s not as though there’s a history at Ibrox of employing people the club can’t afford.

    I wonder, too, who they would need to sign as manager for him to see it as an indication that his club were in financial difficulties!

    Of course, it’s most likely that someone much smarter than he has said it in his hearing, knowing he’d pick it up and run with it, and enough of the target audience will accept it as fact, and make up their minds that the good times are just around the corner and a season ticket is a must!


  12. I wish TRFC would appoint a new manager soon.  I remember last Spring when we were rumoured to be signing this manager and the next. It was murder. Good luck to him. He will need it.  No budget worth talking about..  will need the skills of a BR to turn around mediocre players.


  13. There is a certain genius in the notion that Rangers employing a Manager is evidence that they money.

    What did he think the option was, just not bringing a manager in.

    Though to be fair, they have no form for spending money they don’t actually have.

    Other than every year of their existence obviously. 


  14. Re the many many stories and non stories about Caixinha. I do hope they get their man because it would take the heat off Deek going to Sevco! For now! His and Stewart Milne’s quotes/misquotes have been less than convincing for me so on yersel Pedro and bless you (but no in front o the bears) 101010


  15. OOMPALOOMPAMARCH 9, 2017 at 20:18
      http://www.dailyrecord.co.uk/football/world-football/2011/01/09/jose-mourinho-told-me-to-come-to-scotland-if-i-wanted-to-be-a-better-boss-says-pedro-caixinha-86908-22836949/
    ——————–
          Portugal’s new coaching sensation heads for Scotland…….And i wept05                                                                                                                             


  16. Cluster OneMarch 9, 2017 at 21:35
    Portugal’s new coaching sensation heads for Scotland…….And i wept
    ——————————————————
    that pesky 48 hours again:

    Caixinha missed the overnight flight to Edinburgh. But i’m told he will be here tomorrow regardless.
    — keith jackson (@tedermeatballs) March 9, 2017


  17. This TRFC management story is p!sh imo: the Ibrox basket case is in it’s death throes : the humane response is to let it die. For the good of Scottish football.


  18. ALLYJAMBOMARCH 9, 2017 at 20:13  And whatever it is, it will still be less than the combined pay packet of the Ibrox3!

    …and they wouldn’t need to be the brain of Britain to realise that.

    I wonder if McCulloch made this nonsensical statement because he thinks a club with a potential £2m pay-out for wrongful dismissal wouldn’t be signing up a new manager unless they were flush with cash! It’s not as though there’s a history at Ibrox of employing people the club can’t afford.

    When the bampots were 100% accurately stating Rangers (IL) had a major issue with HMRC, Radio Clyde and others were obediently peddling the line that it was nonsense. 

    Of course, it’s most likely that someone much smarter than he has said it in his hearing, knowing he’d pick it up and run with it, and enough of the target audience will accept it as fact, and make up their minds that the good times are just around the corner and a season ticket is a must!

    …and that is it in a nutshell. I don’t believe for one minute McCulloch thinks TRFC have money, but his job depends on him saying they have!


  19. Has Pedro even signed, still not in Scotland, nothing concrete and so much hype (again) for a manager from the outer limits of soccer


  20. The latest hearing in the Fraudco  case, which was due to be held today has been put back another week until 17 March, but will be held in Aberdeen. 


  21. I see reference is again being made to T’Rangers having no money.

    This is incorrect.

    They have paying customers in large volumes and have had decent cup runs to provide additional income.

    They have season ticket renewals coming up.

    They have directors and benefactors who appear, at present, willing to loan money on the never never.

    Club 1872 funds have still to be raided if required.

    A share issue is still possible albeit the scope is limited at present due to the vote at the AGM.

    The fact is T’Rangers have income that other clubs in Scotland, bar one, can only dream of.

    The caveat is that they also have some serious outgoings and potential unknown costs from ongoing legal and employment related issues.

    The correct statement is that T’Rangers currently do not have enough money to fulfill the ambition of the directors,the fans, the MSM and indeed listening to Les Gray of Hamilton the other night – some other clubs in the SPLF!!

    In trying to reach such heady heights they are however most likely running an unsustainable operation and like the club before them (and others), this greatly increases the potential for an insolvency type event because at some point the money may indeed run out.

    When and if that day comes is anyone’s guess but I still don’t see it happening soon. They will limp along for a bit yet and either realism and sustainability will take hold or it will all go down the pan.


  22. WOTTPI

    Agree with all of that.  Pedro (must learn how to spell Caixinha) is a bold move and one can’t help but feel that it is to sell ST’s on the back of the unknown as opposed to the known known of a Mcleish/Ferguson type. 

    And of course he isn’t signed yet either.  


  23. And of course there is no EBT/BTC linkage either.  Just saying!


  24. Morning All – I think we have another world record?
    First manager appointed after Skype interview.


  25. wottpiMarch 10, 2017 at 09:49

    I get what you mean, but I think you are wrong in saying they have money, any money. The income from home gates and cup matches will be spent before, or as soon as , they get it, and the rest of the money you speak of is not theirs, though it is, potentially, available.

    The rise in ST sales at the end of last season was based, partly, on the belief they were about to win the Scottish Cup and to launch an assault on Celtic’s monopoly of the league, we know neither happened. But the bulk of that money will be there, as the bulk of the bears will continue to turn up, but it is very likely to be reduced. The 3bears may, or may not, be prepared to continue financing this loss making club, but if they believe the ST sales will not be as great as last season, and can’t see where the shortfall can be made up from, they might decide enough is enough. They do, after all, face a season where the money runs out even earlier than this season, October, and will have to start digging deeper for longer.

    What’s more, the longer they go relying on increased borrowing from the 3bears, the less advantage they will gain from any share issue.


  26. WOTTPI

    MARCH 10, 2017 at 09:49        

    I see reference is again being made to T’Rangers having no money.
    This is incorrect.
    They have paying customers in large volumes and have had decent cup runs to provide additional income.
    ———————————————————————————

    ALLYJAMBO

    MARCH 10, 2017 at 10:51        

    wottpiMarch 10, 2017 at 09:49

    I get what you mean, but I think you are wrong in saying they have money, any money. The income from home gates and cup matches will be spent before, or as soon as , they get it, and the rest of the money you speak of is not theirs, though it is, potentially, available.
    ———————————————————————————-

    I suppose it depends on how many ‘walk-ups’ TRFC get for league matches.

    A generous estimate would be 10k @ £50 a head = £500k.

    Take off the VAT, match-day operating costs & there might be £200k/250k or so left for day-to-day expenses until the next home match, which could be up to three weeks away. 

    I think that qualifies as ‘no money’ for a business that operates two large premises & has around one hundred employees, but has little or no cash reserves & no line of credit.


  27. easyJamboMarch 10, 2017 at 09:20
    ‘…The latest hearing in the Fraudco case, which was due to be held today has been put back another week until 17 March, but will be held in Aberdeen. ‘
    ___________
    Old L Bannatyne must be on circuit duties again!

    ‘Mr eJ, how many times, how many times ,have I sat here and heard you say that matters were in hand, only to find that they were most assuredly not in hand. Frankly, Mr eJ, I have to say that this Court is not satisfied. I will tell you, Mr eJ, the number of times I have allowed you to ….In fact, Mr eJ, I tell you now that if the hearing scheduled now for 17th March is ,for whatever reason , and I speak under advisement, kicked again into the future, I …………………….will not be surprised.’10

    Earlier today ( 7 pm Queensland time) I was checking  James Doleman’s Twitter stuff to see if was aiming to attend court.Nada.

    So I’m grateful for your post.

    And, on a more serious note, I get the impression that the Courts administration sort of plays ducks and drakes with people who have been charged with criminal offences, and whose lives are therefore ‘on hold’ [worthless as those lives might be in the eyes of some].

    There is the old saw, ‘justice delayed is justice denied’.

    The mechanisms of a country’s judicial system should surely be able to bring an accused to trial a whole lot more expeditiously than we have seen in some current cases.


  28. Jingso.Jimsie  March 10, 2017 at 11:23
    =========================
    A good proportion of Rangers season ticket money is only released to them on a game by game basis by the finance and credit card companies who provided payment schemes.

    According to their last accounts, £11,423,000 was due from “season tickets that are paid by supporters using deferred payment plans or merchant services.”  They would have received full funds at the start of the season directly from those supporters who paid for their STs in cash or by debit card.  

    That works out at £600k received per home league game.  Their average league attendance this season is approaching 49,000 or which around 6,500 will be walk ups. Even at an average net revenue of £16 a ticket, that would be another £100K per home league game.  Their share of cup revenues and broadcast fees would be extra to that revenue stream.

    The lag in receiving the ST cash probably explains why they had to borrow £2.9M in October last year (possibly to meet staged transfer fees, signing on fees etc as they fell due.)


  29. John Clark March 10, 2017 at 11:42
    ‘Mr eJ, how many times, how many times ,have I sat here and heard you say that matters were in hand, only to find that they were most assuredly not in hand. Frankly, Mr eJ, I have to say that this Court is not satisfied. I will tell you, Mr eJ, the number of times I have allowed you to ….In fact, Mr eJ, I tell you now that if the hearing scheduled now for 17th March is ,for whatever reason , and I speak under advisement, kicked again into the future, I …………………….will not be surprised.’
    ==========================
    Mr Clark,
    I expect that you will shortly be in receipt of a summons from Lord Bannatyne for contempt of court, following a complaint from Mr Keegan that he “resembles” your remarks.


  30. ALLYJAMBOMARCH 10, 2017 at 10:51

    The same can be said of Aberdeen and Hearts with regards to how they are funding the respective stadium plans.

    While there is an open and transparent plan in place, the new stand at Tynecastle is being progressed with a good deal of the money reported to be from ‘benefactors’ and the fans FoH cash that is not yet in the club’s accounts. 

    Any monies coming in down Gorgie way over the next few years is well earmarked and going out the door just as quick as the cash flow in Govan.

    Is anyone saying Hearts don’t have any money?

    Is anyone criticizing Hearts for having ambition?

    Given recent poor performances is anyone questioning the sustainability of Hearts in matching this year’s seasons ticket sales, let alone filling an extra 3000 seats?

    Will FoH members be less keen to contribute if they see performances continue that are below their expectations?

    If Cathro doesn’t catch a grip and crowd numbers and income go down what is plan B?

    The difference as I see it is that Hearts fans, while possibly not overly happy at present, still have a realistic view of where the club should be and the level of success it may be able to achieve. While they are getting there I don’t think all the Bears have grasped the situation they are in.

    We all know T’Rangers is a bit of a financial basket case that appears to be having distinct trouble getting a line of credit from the bank. However, their situation is really no different from that faced by all Scottish clubs, in that it is very much a hand to mouth existence that needs careful juggling to keep the finances and the fans onside.

    Ms Budge just comes across as being a open and confident performer who knows how to keep all the balls in the air than those in the Blue Room

    As previously stated no-one batted an eye when Aberdeen were up to their eyes in £15m of debt and restructuring involving  ‘benefactors’ (Real Aberdeen Men) and write-offs cleared that.

    As far as can be ascertained and despite all the constant rumours, T’Rangers are managing to pay their bills, pay their wages and pay their taxes.

    I have no doubt they are running a pretty tight ship (unheard of journeyman manager is a big clue to that) but there are some potential financial banana skins in front of them.

    I’m no apologist for the club from Ibrox but I think at times we are trying too hard to make the facts suit a shared desire of wanting T’Rangers to sink.

    Whether they go down or stay afloat will be solely due to their own financial (mis) management as opposed to anything said on this site or elsewhere.


  31. People speak of “austerity” kicking in.

    Surely getting rid of a World class management team like Warburton, Weir and McParland and replacing them with Caixinha is an austerity measure.

    I imagine his salary will be, at best, on a par with Warburton who is alleged to have been on £600k /Annum. So they are saving the salaries of the other two. That of course depends on whether or not he brings new people in. I haven’t seen anything to that effect. It would not surprise me if he likes a tight / lean management team, in the same way Warburton favoured a lean playing squad. 


  32. AllyjamboMarch 10, 2017 at 10:51
    ‘..The 3bears may, or may not, be prepared to continue financing this loss making club, but if they believe the ST sales will not be as great as last season, and can’t see where the shortfall can be made up from, they might decide enough is enough.’
    ______________
    As relatively successful businessmen they will, of course ,be watching things very carefully.
    They know that King has talked big but contributed very, very little of anything that could be called his personal cash. They will be suspicious of him.
    They already write off Murray as being a useless toss-pot with nothing much to contribute in the way of cash( and not a hellish lot to lose if TRFC goes belly up, but, hey, nice hair!)
    If they remain ready to lend, it is either because they believe  that they cannot lose their money, even if TRFC were to die the same death as RFC(IL). After all, there are assets worth more than they have loaned.
    I am too innocent and naive to think of any other reason why ‘successful ‘ businessmen should continue to lend on demand to  a football-struggling club and struggling football club.


  33. easyJamboMarch 10, 2017 at 12:05
    ‘..Mr Clark,I expect that you will shortly be in receipt of a summons from Lord Bannatyne for contempt of court, following a complaint from Mr Keegan that he “resembles” your remarks…’
    __________
    I knew a Mr Keegan.
    He was a primary school teacher who took the school football team. I loved him, especially when I was picked for the team ( I’m talking 1953!). 
    To veer completely OT, we all sat and watched him write a whole lot of words on the  board
    He told us this was a German song.
    He made us learn the words parrot fashion, and the tune.
    It was only when I first got access to the Internet ( about 2000/2001) and keyed in the only words that I remembered how to spell that I learnt that the song was a song favoured by German submariners during the Second World War ( which, of course, had only just ended in Europe 8 years before).
    The first two words were ‘ Heute vollen..’
    If you are hellish interested you might have a look at  http://uboat.net/special/songs/#engeland
    I have not ceased to wonder why a primary school teacher thought it was a good idea to teach us a Nazi (and, remember, the U-boat folk were in the main convinced Nazis) drinking song kind of thingy.


  34. wottpiMarch 10, 2017 at 12:08
    ‘…..I’m no apologist for the club from Ibrox but I think at times we are trying too hard to make the facts suit a shared desire of wanting T’Rangers to sink..’
    ____________
    A very great wrong was perpetrated against Scottish Football ( i.e you and me) by the majority shareholder of a long-established club.
    In consequence of that wrong, that long-established football club died the death: it lost its very existence as a professional football club with entitlement to membership of a league, and membeship of the SFA.
    An even greater wrong was then perpetrated by the SFA. 
    Too tedious to repeat in detail.
    The lying sods flew with determination the nonsensical kite that CG’s brand new creation was actually the self-same rotten, diseased club that had been destroyed by the rotten ,cheating SDM and the wee guttersnipe to whom, in a blind panic to save himself, the said rotten SDM had sold the heritage of a 140-odd year old club for  pound!
    It is perfectly understandable that many people , in order to nail the lying football establishment, wish that the new club , despite every cheating effort to keep it alive as an ersatz ‘Rangers’ of yore, should also die the same death of economic collapse into Administration and liquidation, as the club that it falsely claims to be suffered.
    I keep saying, this is not about ‘Rangers’-but about a cheating club that the Authorities did not properly deal with,and about the corrupt nonsense that the Authorities have tried to peddle.


  35. The DR claiming a €400K compensation package agreed for Pedro. 15

    Yet his club stated he only had 45 days remaining on his contract?

    Hmmm…  


  36. JOHN CLARKMARCH 10, 2017 at 13:

    I also knew a Mr Keegan (or may have been Keenan) who taught languages at secondary school . He taught us French and Swahili .


  37. WOTTPIMARCH 10, 2017 at 12:08 
    ALLYJAMBOMARCH 10, 2017 at 10:51
    The same can be said of Aberdeen and Hearts with regards to how they are funding the respective stadium plans.
    ________________

    No, not really, in fact, not at all, WOTTPI.

    There is a world of difference between borrowing to finance capital expenditure, and borrowing to finance cash flow, with the first aimed at growth, and the second at mere survival.

    Borrowing to finance growth is not a sign that a business has no money in the bank, indeed, many healthy companies will borrow to finance capital expenditure even though they have the liquidity to finance it themselves, but borrowing to meet day to day expenses is, in most cases, a sign of a lack of cash, and even more so when required year on year. 

    There is, though, no point in looking at other clubs’ finances to compare with TRFC’s, for it makes no difference to their position, especially if the comparison is being made with clubs whose most recent sets of accounts were in reasonably (for football clubs) good health, as things are only going from bad to worse at TRFC, even without the potential litigation costs coming along quite soon. Look at it this way, do you think both Hearts and Aberdeen would be pushing ahead with their plans if they were having to borrow, since October, the money to meet wages and other running costs?

    None of us know the true current state of TRFC’s finances, but we do know that their last accounts showed them to be unhealthy, to say the least, and that they have only got worse through overspending on players and bad boardroom decisions in the meantime. If TRFC have any money in the bank right now, it is only because they have some left from the last loan, and it will most likely be gone by the time the March wages are paid, but the chances are that another loan, or loans, will be required before the month is out.


  38. Quite moving to see Tommy Gemmell’s funeral on the news tonight.  Especially Jim Craig’s eulogy.  I was also pleased to see Willie Henderson amongst the mourners.  I’ve only ever heard good things about that gentleman.  2 Rangers directors there too.  Great respect for a great man.  R.I.P.


  39. ALLYJAMBO
    MARCH 10, 2017 at 18:23
    ==========================================

    Good points, a business borrowing money or having a share issue for capital investment is a business looking to the future and building for it.

    A business borrowing money or having a share issue to cover day to day expenses is a business failing. It can’t even cover it’s own running costs.

    The two are entirely different. 


  40. That media guy Durham who rubbishes Scottish football should have watched the Dundee Utd. v Hibs game tonight.  100 miles per hour from start to finish.  Yes it was not tippy tappy stuff but was played with passion all the way through.  As a neutral I thoroughly enjoyed it.  Great atmosphere too, which is badly lacking in the odd English game I watch.  04


  41. JIMBOMARCH 10, 2017 at 21:47
    As a neutral I thoroughly enjoyed it also


  42. “Pedro Caixinha will become Rangers manager this afternoon after the Ibrox club agreed a €400,000 compensation package with his Qatari club.”

    Shirley the bears would be rather confused / annoyed that the above quote came from the DR website…and yet there’s not a peep on the TRFC website, as at above time ?


  43. ALLYJAMBOMARCH 10, 2017 at 18:23
    HOMUNCULUSMARCH 10, 2017 at 21:01
    While I am sure monies loaned by benefactors is being used to some extent  for day to day running costs ( and paying for things like the Barton cock up) there is plenty reference to monies being spent at Murray Park and improving the infrastructure at Ibrox.
    Certainly new gastro was laid, with the help of a grant, at Murray Park. Stadium improvements are less obvious.
    The roof issue has been identified as a capital maintenance issue that will need to be addressed soon.
    Is the club from Ibrox to be treated any differently from anyone else trying to maintain or upgrade their stadiums?
    I still maintain we are trying too hard to find fault with their financial activities, albeit I acknowledge they are a mess.


  44. WOTTPIMARCH 11, 2017 at 00:08

    Aaah, new gastro is that the world class breakfast?


  45. WOTTPIMARCH 11, 2017 at 00:08  I still maintain we are trying too hard to find fault with their financial activities, albeit I acknowledge they are a mess.

    ========================

    You could be right. Then again the privileged position they hold within Scottish society means their financial affairs will never be put under any scrutiny. Look how long HMRC were chasing the old club before the media dared even mention it.  Clearly the SFA don’t care either.  So yes, maybe it’s not as bad as some of us think. Then again they could be owing everyone and their Granny a fortune, and the media would be too scared, or too biased, to talk about it, and the SFA would not bother one little bit, as has been proven in the past. 


  46. STEVIEBCMARCH 10, 2017 at 16:41
    The DR claiming a €400K compensation package agreed for Pedro. 15
    Yet his club stated he only had 45 days remaining on his contract?
    Hmmm…

    He was reportedly on £2m per annum in Qatar, so based on a 5 day week, €400k is about right for 45 days


  47. UPTHEHOOPSMARCH 11, 2017 at 07:51
    I think you are heading along the same lines as John Clark.
    The argument is that the various authorities let the old club off the hook for too long and folks want the new club to go the same way so we can prove nothing has changed. Therefore that would back our stance for a root and branch reform of the way the SFA and SPFL conduct themselves.
    No problem with tha at all.
    To me the issues ‘re T’Rangers finances  becomes a problem if we are saying benefactors or directors of, for example, smaller part time clubs are in someway doing something wrong if they are putting their hands in their pockets to make sure wages and bills are paid or much needed stadium repairs are undertaken.
    People seem to forget that when a number of clubs have had financial difficulties in the past  their fans ploughed in money to pay for day to day running costs just to keep the show on the road.
    I see little or no difference between fans throwing spare cash into a bucket to what the RRM are doing just now. Ibrox is just a much bigger bucket.
    The problem for the authorities is how best to monitor and control the situation so another Rangers or Gretna occurs.


  48. WOTTPI
    MARCH 11, 2017 at 00:08 I still maintain we are trying too hard to find fault with their financial activities, albeit I acknowledge they are a mess.

    =========================================

    I’m not sure what you men by trying to hard, it’s in the accounts and has been commented on by the Chairman of the PLC.

    They are a cash business, have no access to proper banking facilities and are having to borrow money from shareholders and associated parties. They have no intention of repaying that money, other than by a debt to equity swap.

    I have absolutely no issue with that, if people want to keep funding an expensive hobby it’s their money (so long as they don’t steal it from me). It seems that Financial Fair Play is a joke as well so it’s no problem for the authorities either. 


  49. WOTTPIMARCH 11, 2017 at 09:17

    UPTHEHOOPSMARCH 11, 2017 at 07:51I think you are heading along the same lines as John Clark.The argument is that the various authorities let the old club off the hook for too long and folks want the new club to go the same way so we can prove nothing has changed. Therefore that would back our stance for a root and branch reform of the way the SFA and SPFL conduct themselves.No problem with tha at all.To me the issues ‘re T’Rangers finances becomes a problem if we are saying benefactors or directors of, for example, smaller part time clubs are in someway doing something wrong if they are putting their hands in their pockets to make sure wages and bills are paid or much needed stadium repairs are undertaken.

    ===============================

    I am sure John will answer for himself when his current timezone allows!

    I am well aware that directors of clubs put their hands in their pockets from time to time but where it becomes an issue is when the SFA are asked to put forward clubs for a European Licence. It has been well discussed on here that the levels of debt recorded in audited accounts these past three years means Rangers simply should not be put forward. Despite that, the SFA have already used two Rangers facing media outlets to let it be known they WILL be put forward.  It seems this is a cart before the horse ploy by the SFA. ‘Yes, we know they don’t qualify, but if they can somehow make money from a European run then the problem will disappear’. I know they haven’t actually said that, but what other reason can there be?


  50. Profile as they await a Euro restructure.  It is the only rational explanation for the levels to which it has been supported to date.  But then that assumes rationality is the deciding factor.


  51. The Record is running a live blog on the new TRFC manager’s journey to Scotland, culminating in a pic of an empty arrivals hall at Glasgow Airport with a caption announcing that he has arrived but is avoiding the press.

    It is NOT a parody account 2222


  52. The MSM are again congratulating people from ‘across the OF divide’ who attended or participated in Tommy Gemmell’s funeral yesterday.

    The implication for example that Willie Henderson is a decent man because he goes to a Celtic player’s funeral.

    We already knew that Willie Henderson is a decent man who doesn’t need to be congratulated for paying his respects to a colleague and friend.

    Happens all the time when someone from Celtic or Rangers passes, and the subliminal message is the norm is somewhat different, that people of different football allegiances (and by extension in their one dimensional wee world of different religions) would not normally do any such thing.

    What they want in other words, is for us to congratulate people just for NOT being a bunch of tits. It’s the culture that applauds the line, “some of my best friends are [insert football/racial/religious stereotype here], and we have such banter, but really love each other!”

    Sometimes I despair of the idiots who peddle this kind of patronising guff.  


  53. wottpiMarch 11, 2017 at 00:08 
    ALLYJAMBOMARCH 10, 2017 at 18:23 HOMUNCULUSMARCH 10, 2017 at 21:01 While I am sure monies loaned by benefactors is being used to some extent  for day to day running costs ( and paying for things like the Barton cock up) there is plenty reference to monies being spent at Murray Park and improving the infrastructure at Ibrox. Certainly new gastro was laid, with the help of a grant, at Murray Park. Stadium improvements are less obvious. The roof issue has been identified as a capital maintenance issue that will need to be addressed soon. Is the club from Ibrox to be treated any differently from anyone else trying to maintain or upgrade their stadiums? I still maintain we are trying too hard to find fault with their financial activities, albeit I acknowledge they are a mess.
    ___________________

    Sorry if it seems I am being awkward, and I know you are trying to be fair to those who revelled in cheating us all, but any work done to the astroturf at MP is not capital expenditure, nor is any other sort of maintenance. But even if it was, the continuing loans are being made to meet the shortfall in income over expenditure, and, as such, is basically money down the drain, a rather large drain.

    Taking your comparison with both the Tynecastle new stand and the new ground for Aberdeen, in both cases they should lead to increased revenue, with increased capacity and other income streams to boot. On the other hand, while the relaying of the turf at Tynecastle should create a better playing surface, it provides no further income, and is, therefor, only an (unwelcome) expense. Unlike the resurfacing at MP, though, it just might create a better performance from Hearts (I wish) and put a few more bums on seats until the end of the season, than the prospect of a mudbath might otherwise have done.

    I will say this, though, that if Hearts were currently having to borrow money from, say, Ann Budge, to meet payroll, then going ahead with the new stand would be madness!

    It really is quite simple, any business that is having to repeatedly borrow money to meet day to day expenses (and particularly payroll), is, without a huge injection of fresh capital, heading down the same route as the last lot to play at Ibrox. I am not, though, saying that huge injection of capital is not going to arrive, there is just no sign of an idiot on a white charger yet!


  54. ALLYJAMBOMARCH 11, 2017 at 13:39 

    It really is quite simple, any business that is having to repeatedly borrow money to meet day to day expenses (and particularly payroll), is, without a huge injection of fresh capital, heading down the same route as the last lot to play at Ibrox. I am not, though, saying that huge injection of capital is not going to arrive, there is just no sign of an idiot on a white charger yet!

    =============================

    Well, if Sportsound earlier is anything to go by they have clearly bought themselves bags of time with the media with their new managerial appointment. Apparently ‘a lot of Portuguese players’ are heading the way of Ibrox next season, because of his ‘great contacts’.  I can only presume that (a) these players will be good enough to beat anything Celtic put on the park, and (b) that clubs in Portugal have very poor scouting systems if they miss out on all this talent. 


  55. To use an old phrase: this Pedro signing just doesn’t pass ‘the sniff test’.

    Why do I have recurring thoughts of the failed CFC Mo Johnston re-signing before a big game…?


  56. ALLYJAMBOMARCH 11, 2017 at 13:39
    AJ sorry to be pedantic but I point you to the following definition.

    Capital budget is a budget allocating money for the acquisition or maintenance of fixed assets such as land, buildings, and equipment.

    I do however agree many down Govan  way are still looking for a knight on that white charger.
    Ps good result and performance today 🙂


  57. Can’t begin to imagine what the welcome for Pedro will be by the GB.  It won’t be nasty, probably hilarious for all fans.  0212


  58. WOTTPIMARCH 11, 2017 at 18:03 
    ALLYJAMBOMARCH 11, 2017 at 13:39AJ sorry to be pedantic but I point you to the following definition.
    Capital budget is a budget allocating money for the acquisition or maintenance of fixed assets such as land, buildings, and equipment.I do however agree many down Govan  way are still looking for a knight on that white charger.Ps good result and performance today
    __________
    WOTTPI, not pedantic, at all, and it’s a quiet period on here too 🙂

    But, the maintenance of assets is no more than that, maintenance, and while it may well be the practice to class it as capital expenditure in the budget, it does not mean that spending on maintenance enhances the product.

    A machine in a factory might make 1000 ballbearings a day, £1000 is spent on maintaining it, but it still only makes 1000 ballbearings a day. If the company had to borrow that money, other than keeping the machine running, the money has been spent unproductively, and is effectively a loss on revenue and the borrowed money has been spent on day to day expenses. If, on the other hand, a new machine had been bought for £1500 that produces 2000 ballbearings a day, then the money spent will result in increased profit and have strengthened the company.

    So, buying a new machine is a shrewed move, and borrowing the money to pay for it doesn’t indicate cash flow problems, in fact, it is most likely to improve the companies cash flow (as a new, larger stand is most likely to do). Borrowing the £1000 to pay for the maintenance, though, would often cause alarm bells to ring, as it would show the company doesn’t have the liquidity (cash in bank) to meet the ordinary expenses of running such a business (and if borrowing in October to meet payroll doesn’t ring alarm bells…).

    The important point about it is, though, that it doesn’t matter that a few months ago TRFC spent some money wisely, what matters is that, as far as we know, and there is sound evidence to back it up, the Ibrox club is having to borrow money, every month, to meet the payroll. Any money they might have in an account is only there because they were able to borrow money last month, and I’d be very surprised if there was very much left. In the meantime, the debt is rising, but the assets are not, which only means one thing, cash flow problems…oh, two things, actually, as increased losses inevitably result!

    It has no impact on TRFC how any other club is fairing, as was witnessed by our own club’s flirt with death, as that made not one bit of difference to how RFC was fairing at the same time.


  59. JIMBOMARCH 11, 2017 at 19:13 
    Can’t begin to imagine what the welcome for Pedro will be by the GB.  It won’t be nasty, probably hilarious for all fans. 
    __________

    Might we see a 5th horseman – in bullfighter garb, of course, with that excellent banner unfurled again?

    One thing’s for sure, he will make his mark on this Glasgow Derby, even if just as a Celtic icon 15


  60. Ally you just encouraged me to go on to utube to see that scene again.  I shouldn’t laugh.

    Your day is coming – the four horsemen of the apocalypse – Neil Lennon, Hector, Death, Craig Whyte.

    The gravestones – ‘For every fiver’ ,  ‘Ha Ha’ , ‘You’ll no be missed’ , ‘Thank you, Bye’ , ‘Big Hoose’,  ‘Tick Tock’.
    191921041202

    I think most reasonable bears would find that funny in a way.


  61. So Pedro has signed on the dotted line?
    Can’t believe he is really aware of what he has signed up for at Ibrox.
    Can’t believe he’s actually signed.

    After attending the game tomorrow – and hearing his own fans’ singing repertoire – will he reassess?

    And like some financial contracts, would he have a 2 week cooling off period in which he is entitled to change his mind ?

    And as for his, (or Level42’s), comment re: entertainment, and his respect for Jock Wallace !

    Don’t think TRFC will be doing any entertaining tomorrow.
    Time waste, feign injury, get very physical, provoke a reaction from CFC players etc.
    The biggest mistake Murty could make is to select a team to play football!

    Looking forward to the banners though.
    “PRAY FOR PEDRO” [(c) Phil] would look great.  12

    And what odds for a TRFC penalty, and a CFC red card(s) ?


  62. WOTTPIMARCH 11, 2017 at 09:17
    ‘I think you are heading along the same lines as John Clark..’
    upthehoopsMarch 11, 2017 at 11:37
    ‘I am sure John will answer for himself when his current timezone allows!
    _____________
    There is undoubtedly a broad measure of agreement that SDM’s/CW’s Rangers were guilty of sustained cheating on an unparalleled scale, and over  such duration as to make it somewhat  suspiciously  miraculous that the cheating was not detected by those ‘governing’ our sport and responsible for administering the rules.
    When it finally was detected, however,  an offence of unbelieveable immensity was committed by those very authorities.
    In spite of the clearest evidence that a serious rule regarding eligibility of players had been broken consistently for years , the Authorities stymied their own ‘Commission’ by tying the ‘football rule’ to the question of whether tax rules/legislation had been breached!
    This left the LNS Commission ‘free’ to arrive at the farcical notion that since other clubs could have [as was the legal position at the time, before the Court of session decision, and even now, while we await the Supreme Court decision on the matter] could have ,levelled the playing field by dodging tax by adopting an EBT scheme, and thus ‘Rangers’ could not be held to have gained a sporting advantage.
    On top of what we learned from the Cetic AGM resolution 12 issue, the conclusion is that our SFA in particular ( and others involved) cannot now be trusted to be honest in their governance of the game .
    They abdicated all common decency as well as common sense when they tried to save the ‘real Rangers’ from the ultimate penalty of expulsion.
    Retrospective expulsion may, of course, become necessary when  the Supreme Court rules, as is likely, that the EBT schemes were tax evasion rather than tax avoidance, and thus destroys the argument that other clubs could legitimately have used them to provide themselves with more dosh to compete with the cheating team.( The fact that the real Rangers are in Liquidation does not make ‘expulsion’ unnecessary: it is theorteically possible for all debts to be paid in full and for emergence from Liquidation before final dissolution by Companies house)
    They( the SFA) went totally off the scale of right and truth and justice and sporting integrity when they cobbled up the story  that, in effect, the “real Rangers” share was transferred to new owners of the ‘real Rangers”.Just as I heard them try to tell a bunch of overseas students that the stink about the 5-way agreement was just a bit of banter beween fans of rival clubs, you know, clubs through in ‘the West’, ( genial smiles, ha, ha, you know, good old sporting rivalry)
    That was, and remains , such a blatant lie as to leave little doubt that those responsible KNOW that they are liars.
    They may be comfortable in their skins with that fact, as they smugly and glibly carry on pretending to be honest administrators of an honst sport.
    We are not comfortable at having our sport corrupted by liars.
    And they must, they simply must, be made to face reality and acknowledge the truth.
    And, of course, their running-dog lackeys in the print press and in the BBC must be called to account for their betrayal of Truth in their persistent and consistent attempts to airbrush the BIG LIE out of existence.
    So much for the ‘real Rangers’
    The fear now being articulated by many, is that the same corrupt practices hold sway in relation to the pretendy Rangers, otherwise TRFC.
    The track record of the SFA, as governing body, makes it plain that the attitude that prevails is that whatever happens in the way of failure on the part of  TRFC to comply with all the rules to do with finance, and solvency/insolvency, payment of wages, etc etc, the SFA will be ready to support TRFC with another package of lies and half-truths.
    There may be , probably are, some folk  who would wish TRFC to suffer for the sins of the ‘real Rangers’ ( That’s understandable, given that the present Boards of TRFC and RIFC maintain that they ARE the ‘real Rangers’, and thus make dishonest chancers of themselves)
    But the intense scrutiny of everything TRFC does is not, in my opinion, aimed expressly at seeing TRFC die the death of Liquidation, but is aimed at ensuring that if or  when, such a death occurs, there is no second Big Lie scenario; and, also, to ensure that no behind-the-scenes illicit ( under UEFA/FIFA rules ) manoeuvres are carried out to prevent the Liquidation of TRFC.


  63. It is now about 4.25 pm on Sunday evening here in Queensland, the temperature being 30.3 degrees when I last looked some twenty minutes ago.
    I have just been reading about a caroonist/artist/journalist for ‘The Australian’ newspaper,  Bill Leak, who died aged 61 the other day.
    What I read prompted me to send thi email to the letters page of the Australian about fifteen  minutes ago ( or 06.13 UK time

    ” Today at 6:13
    To
    letters@theaustralian.com.au
    Dear Editor,I hope you will accept that, I, as a visitor from Scotland, who has just spent the afternoon thus far reading about the late Bill Leak, may, besides expressing my condolences to the family, and friends and colleagues of Leak, take this opportunity to express my deep regret that, in the simple field of reporting on the Liquidation of Glasgow Rangers Football Club and the betrayal of Sporting Integrity by the Scottish Football Association ,the Scottish main-stream Media ( including BBC Radio Scotland) has no one who can be described as ” an example to all…about the never-ending requirement to call out hypocrisy, challenge political correctness,rail against intellectual laziness, seek truth and refuse to be cowed..”I appreciate that perhaps not too many Australians are all that interested in Scotttish Football (soccer!) and might not be aware of the entire circumstances. The main point is that those circumstances were not truthfully and accurately reported upon by the SMSM.Instead, they defended and continue to propagate what is a blatant untruth, whether out of fear, favour, or laziness.That untruth is that a club founded in 2012 calling itself The Rangers Football Club Ltd is one and the same club that was founded in 1872, and which disgracefully went into Administration from which it never emerged, sinking instead into Liquidation in 2012, where it now languishes.How I wish we had a Bill Leak to get his teeth into the canting hypocrisy of the Scottish Football Association and the so-called journalists who so signally failed and continue to fail in their journalistic duty..”
    (name and address supplied, of course: not that I expect my letter to be printed, but it certainly would not be if there was no checkable name and address)


  64. So it’s true!

    St Pedro of Itseasy has arrived to take Scotland’s newest club on the next stage of it’ journey. A three year contract too, allegedly. Mind you he may well have to “resign” much earlier if things don’t pan out.

    Welcome to the most b1g0ted wee country in the world, our Celtic Brother Pedro.

    Regarding todays’ game, has anyone else noticed the recent Sevco master tactic of “falling over easily”?

    Rather than making up for the skill shortage by bringing a physical approach to the game, I have observed what looks like a deliberate policy of falling over on the slightest of contacts. I expect the Sevco players to continue with this policy, especially with one of their own in black, giving him the opportunity to award soft free kicks and possibly penalties, thereby helping to bridge the obvious chasm between the clubs.

    Still think Celtic will prevail…….


  65. So the bullfighting James Bond has landed and in the official Statement by “Rangers Football Club” we are given a direct quote from the man who has been confirmed (other Sacraments have also been received) and I, for one, have no doubt the quote is in his own words; unprompted and unscripted.
    Mr Caixinha commented “It is a great honour to join Rangers Football Club. This Club has a great history and tradition and I am proud to follow in the footsteps of legendary Rangers managers like Walter Smith, Graeme Souness and Jock Wallace.”
    Well, if he thinks it is a “great honour” who am I to disagree?
    I will disagree that that “Club has a great history and tradition”. It’s difficult to achieve anything great in so little time.
    If he thinks he is following in the footsteps of the three named he has a little to learn about the impossibility of following managers of a different club. He may as well have referred to following in the footsteps of Sir Alex Ferguson as he has managed the current club as much as the three named.
    If he thinks there is any pride to be claimed from following in the footsteps of the three named he has a little to learn about the bygone days of yore. Two out of the three are EBT beneficiaries and the third is, well…
    One can only guess what terms of reference you would enter a Google search which would throw up the name of Jock Wallace.
    Unless it was ” Jabba, what will we put out as a quote from him even though we all know he hasn’t uttered a single word of it?”.
    Mr Caixinha may find out a bit more about the greatness, the honour, the history and the tradition of Messrs. Smith and Souness at the Supreme Court EBT Appeal Hearing on Wednesday and Thursday but he may find out a bit more about the values of Mr Wallace as soon as this lunchtime.
    Good luck Mr Caixinha. I fear you will need it.


  66. LUGOSIMARCH 12, 2017 at 10:01
    Mr Caixinha commented “It is a great honour to join Rangers Football Club. This Club has a great history and tradition and I am proud to follow in the footsteps of legendary Rangers managers like Walter Smith, Graeme Souness and Jock Wallace.”
    ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

     If that’s a genuine quote
    Pedro must have had his heid in a BDO filing cabinet at Anderson Quay


  67. Does anyone know if the Supreme Court can be reported on live, a la James Doleman.  Or is it held behind closed doors?


  68. JIMBOMARCH 12, 2017 at 10:56 1 Vote
    —————–
    from what i have read it will be live


  69. jimbo
    March 12, 2017 at 10:56
    —————————————–
    Copyright:-
    easyJambo
    March 8, 2017 at 00:45
     
    One for next week’s diary
    James Doleman‏ @jamesdoleman Supreme Court hearings are streamed live here
    supremecourt.uk/live/court-01.html …


  70. Compare/contrast:
    “A director of the Football Federation of (the state ) of Victoria, Australia [FFV] was found guilty of misconduct by the Disciplinary and Appeals Tribunal.
    He lodged no appeal to the FFV Appeals Board.
    Instead, he waited until his one-time ‘political ally’ was elected as president of the FFV.
    And then merely presented the FFV board with his pal as president, with a ‘legal opinion’ that he had been denied a fair hearing by the Disciplinary and Appeals Tibunal.
    Lo and behold, the FFV under its new president, declared its own Tribunal’s decision null and void.
    So far, so very SFA-ish.
    But here in Australia what happens is that 3 FFV board members and  the acting CEO of the FFV, resigned in protest. And a number of lawyers who sit on the Disciplinary tribunal have withdrawn their services from the FFV, and one has resigned.
    Further, the Football federation of Australia has asked the FFV for an explanation.
    And, with the FFV seeking millions in grants from the State of Victoria, the Sports Minister of the Government of Victoria has referred the matter to ‘Sport and Recreation Victoria’, an agency within the State government department of Health and Human Services’.
    So very un-Scottish -government-like, where the SFA’s actions have, in effect,  been condoned by the silence of cabinet ministers in the face of manifest malfeasance and abuse of office.
    [ Source: Chip Le Grand exclusive in ‘The Weekend Australian’ newspaper Sport Section, under the headline ” State league mired in scandal”, March 11/12 2017]


  71. God forgive me, but with Res 12 in mind, and the failure of Celtic plc to look after its shareholders in relation to that, can it be wondered at that  there was a piss-poor performance today by  Rodgers’ team ( with the possible exceptions of Gordon and Armstrong)?

    Dembele was nowhere, Sinclair was nowhere, Brown was nowhere , stray passes abounded, and they were very,very ready to concede an equaliser.

    A victory for those who see financial advantage for themselves in the increased season ticket sales for an ailing club!

    Or is that too,too cynical for words?

    Nothing now, in Scottish Football, can be taken at face value.

    Except that money and the pursuit thereof takes precedence over any notion of Sporting Integrity.

    We’ll have Rodgers now saying that TRFC ( except he won’t bloody call them anything but ‘Rangers’) are the best team they have played all season.

    God Almighty, talk about ‘Old Firm’.

    It appears to me that ….and I choke at this point.

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