Comment on Bad Money? by Big Pink.

    We are away on holiday at the moment. I’ll be back a week on Wed. Will keep an eye on things, but new blog when I return.

    Big Pink Also Commented

    Bad Money?
    New blog up by Auldheid

    Bad Money?
    Upshot is that TRFC can't be sold with debt (as yet unspecified) hanging over them. Another observation is that id the SDI deal was so bad for Rangers, how hard would it be to get a better deal from another sponsor which SDI would be less inclined to match?

    Totally snookered in the jaws of a pocket.



    Bad Money?
    Must keep up. I made the assumption (madness getting all of eventually I suppose) that the court case left RIFC exposed, and that TRFC would be immune from any harm.

    Not so. In fact it is the club and not the holding company that is in the same kind of (but reduced quantum) doo-doo that the old club was in.

    Close Bros and soft-lenders are into RIFC yes?

    Recent Comments by Big Pink

    Celtic’s Questions to Answer
    Times thing is a non-story. My first reaction was a ‘President Kennedy has been shot’ one. HMRC simply stopped pursuing the penalty portion of the bill several months ago because BDO was dragging its feet and birling their billing meter wildly, thus sucking the creditor pot dry. No way they were getting their money anyway. BDO’s Jarndyce and Jarndyce act raised some eyebrows when that news broke back then.
    As RTC has suggested, the timing of today’s ‘story’ may be significant.

    Celtic’s Questions to Answer
    Excellent piece John. It is striking that the moral high ground has been totally unoccupied over this last 7 years. That so many have eschewed the opportunity to take a principled stand forces us to conclude that, in Fergus McCann's words;

    "There are no honourable men in football"

    I think Turnbull Hutton is the exception that proves McCann's rule, but sadly his ship has sailed. There are no Turnbull Huttons in Scottish football any longer, and more's the pity

    In Whose Interests
    I agree. A new post now up

    Celtic’s Questions to Answer
    No way of being able to demonstrate proof of course, but I think it highly unlikely that they wouldn’t have been kept in the loop throughout the whole process. Allied to what I knew to be their approach to the new club in the SPL (they were very much in favour of direct entry), I would conclude they were part of it. As I say though, no way to prove any of that.
    What I would say is this. Had the SFA made a decision to reintroduce gate sharing, we would have heard some serious thunder from Celtic Park. What we heard in the wake of the 5wa was a whimper.
    All about the money I think. Always has been. Always will be.
    Celtic’s – and every other club’s – attitude to sporting integrity is no different to Jim Traynor’s: at best devotion to sporting integrity is naive; at worst it is evidence of moon-howler syndrome.

    Football is a self regulating industry. The number one priority of football legislatorsi is to keep it like that. The ‘flexibility’ it showed after the demise of Rangers, what we would call breaking the rules, is something they want to retain. That’s why there is so much resistance to any kind of transparency or – God forbid – accountability.

    For me this has never been about anything other than keeping the customers at arms length from the decision making. Not green v blue, not TRFC v the rest. Fans v boardrooms is what this has always been about. When push comes to shove, with the exception of the ST revolt in 2012, the boardrooms choose TRFC and Charles Green over their own fans.

    The Res12 fiasco, SIX years of kicking things into the long grass, is proof enough for me that our sport is corrupted terminally.

    In Whose Interests
    Ex Ludo
    I don’t know if there are any conclusions to be drawn over the IP situation. Perhaps John C has it right on the marketing angle. It may well be that Celtic take the view that being involved in the ownership of the brand allows them to marginalise its use. It may also be that I’m being too kind to the Celtic board. John’s wider point though, and your’s is correct. Celtic are driven by self interest, or what they see as self interest, as demonstrated by their avoidance and delay tactics on the Res12 issue, and running interference on any attempt to shine a light on the darkness of the 5WA (of which they were aware), and the efforts being made by fans to hold power to some kind of accountability.

    On field success has immunised them thus far, but they are not out of the woods yet. The perfect storm is brewing; a hostile rejection of Res 12 at the AGM followed by NIAR hitting the buffers will be the mother of all reality checks. Unlikely perhaps, but not the stuff of fantasy that it appeared to be only a few months ago.