In Whose Interests

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Any organisation’s plan for a top-down review of development would ordinarily be welcome news. Self evaluation, or even better independent evaluation is an ongoing process amongst professionals, individually and collectively alike. In the case of the SFA however a healthy scepticism is required. We are after all dealing with people who are the poster boys for self-interest and short-termism.

The SFA had previously commissioned a thorough review of the game (decades ago) by Rinus Michels, the inventor of “Total Football” and his report was largely ignored, partly because it implied criticism of the then current regime, and partly because it would cost money. A “Total Shambles”.

Henry McLeish also famously recommended (again after being commissioned to do so by the SFA) a more balanced approach to governance between the SFA and SPFL. This would have required a blazer or two having less say in the running of the game – and was therefore ignored.

Mark Wotte, the prominent Dutch coach hired as performance director at Hampden also suggested during his tenure that, in order to improve technique, more ball time should be provided for players in games.

He recommended seven a side competitions as the norm for u-15s (less players – more participation).

To accommodate this, club infrastructures would have required expensive upgrading, and coaches in clubs, not responsive to new ideas lobbied hard for the status quo.

The upshot is that we carried on with the same eleven-a-side games where many players hardly got a kick.
And in this classic Einsteinean definition of insanity, no overall improvements were to be found in the national team’s fortunes.

No wonder Wotte fled the scene in 2014 after three years.

Of course the details are debatable and subjective, but experience tells us;
Anything that
a) costs money or
b) upsets old boys’ networks
has a tendency to be hidden out of sight.

The recent “announcement” is merely a reaction to a couple of poor results, caused in part by inaction in the wake of previous reports’ recommendations.

An increasing number of observers of our game refer to an inferior mindset amongst players in Scotland, that we accept losing as the norm.

Hardly surprising that such a mindset is prevalent amongst professionals.
They must despair at the chronic self-interest, ineptitude and fecklessness of the “leaders” of our sport – an organisation that appointed Gordon Smith as CE (think about that for a minute) based on who his pals were, where McGregor and Petrie can become senior officers – “because it’s his turn!” – despite being unqualified squares in a round ball game, and where fairy-tales take precedence over reality.

As long as the blazers have a seat on the SFA bus, nothing will change.

1004 COMMENTS


  1. John Clark 16th October 2019 at 22:21

    "Irritate" is not a typo or misprint.

    Of all the many things you can do to a Lease in Scotland irritate is one.

    Whom are youse calling a pedant?

    View Comment

  2. LUGOSI 17th October 2019 at 18:54

    '.."Irritate" is not a typo or misprint.'

    +++++++++++++++

    Well, you know, I did think that there might be 'legal language' use of the word, and googled into some dictionaries to try to check, but found nothing relevant. I'd be intrigued to learn that there is one. Is there?broken heart

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  3. John Clark

    If that's the sort of thing that intrigues you prepare to be perplexed.

    Google Scottish Leases and look for "ish" (definitely no typo/misprint).

    View Comment

  4. Jingso.Jimsie 17th October 2019 at 19:06

    Well, I'll be damned! heart 

    I am grateful to you, Jingo.Jimsie, for adding to my knowledge of  the language. I have looked up my Latin dictionary [Dr Smith's Smaller Latin-English Dictionary, 1904 edition, priced at the time at seven and a tanner]

    The verb 'irritare' is given these meanings: to provoke,enrage, stimulate,incite, excite,exasperate, infuriate and figurative meanings such as  to arouse(suspicions) to excite(passion) to feed (flames), to encourage, embolden.

    None of those meanings  bears on anything like 'terminating'.

    Its use in Scots law must have its origins in medieval times.

    One lives and learns.

     

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  5. Having just announced ticket prices, the SFA is hoping that footy fans will contribute to the upkeep of the blazers' lifestyle by turning up to support the national team next month; 

     

    • for a meaningless, last qualifier game against Kazakhstan.
    • it's on a [probably] cold and wet Tuesday night, Nov. 19th
    • it's at the dreadful Hampden Athletics Stadium – again 
    • …and the SFA jokers expect you to pay £35 a pop for the privilege!

     

    What are they smoking at Hampden?!

    smiley

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  6. LUGOSI 17th October 2019 at 19:21

    '..ish'

    ++++++++++

    To my shame, I am profoundly ignorant of Scots. I had difficulties with Rabbie, and with MacDiarmid's ' A drunk man looks at the thistle'. But it is fascinating, indeed. Thank you.

     

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  7. Ex Ludo 17th October 2019 at 22:49

    '..Sic a parcel o rogues in a nation(al) football association..'

    ++++++++++

    I do understand that, Ex Ludo.

    What the SFA did was, if not on the same scale, as wicked and evil and as rottenly motivated a deed as was committed by that greedy, grasping, unprincipled handful of self-seeking bast.rds who sold their souls and Scotland for a handful of silver.

    Although, I have to say, I don't believe that any member of the SFA Board actually got any kind of personal monetary kickback from CG or anything of that sort.

    But, of course, the possibility exists that the old Rangers FC were helped to a couple of million quid (with the chance of more)  by the award of a UEFA licence to which they may not have been entitled.

    The reluctance, nay, the downright refusal, by the SFA to have that question openly and independently examined scarcely suggests that there is nothing to examine.

    In my opinion.

     

     

     

     

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  8. Carlos Cuellar got an EBT  of £ £448,255 .He is now riding off into the sunset.

    I wonder whether he has, [as our Chick tried to persuade us (on our BBC licence money) that  Mr King had done with the SARS ] 'settled' with HMRC on tax due?

    Indeed I wonder whether HMRC is bothering to chase up the EBT recipients.

    Because as sure as hell, they would chase up you and me!

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  9. If ish can find its way on here I can see no reason why one of my favourite words cannot do the same.

    Death, Will, No Will, Executor/Executrix, Estate, Confirmation…

    If an item of property comes to light or is only realised after a certain stage it has to be added to the estate. Different jurisdictions have varying names for the document which does this.

    Scots Law does it by an eik.

    Pronounced eek.

    A favourite word but hellish to crowbar into daily conversation.

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  10. StevieBC 17th October 2019 at 19:45

    Having just announced ticket prices, the SFA is hoping that footy fans will contribute to the upkeep of the blazers' lifestyle by turning up to support the national team next month; 

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

    I do not go to Hampden to watch my club, or my country. I will not ever knowingly put one single penny near the SFA ever again, because they do not treat my club, or indeed any club, equal to the way they treat *Rangers. They regard *Rangers as more important than any other club in the country, even to the point they could not care less that *Rangers cheated the public purse out of tens of millions in order to better themselves on the park. The SFA continue to celebrate every one of the trophies won during that period. 

    I do not believe in any other civilised nation  the national Football Association would get away with such blatant bias towards one single club. 

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  11. upthehoops @ 07.27

    ——————————————————————————————–

    The clubs (including yours and mine) are the SFA! The blue pound talks unfortunately.

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  12. Bordersdon
    There is an element of “Yes Minister” within the bureaucrats at the SFA, but your point is correct.
    If there was a will, there would be a way to root out corruption.
    However we are talking about a trade cartel, an old boys’ club for the blazers.

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  13. bordersdon 18th October 2019 at 14:36

    '.. The blue pound talks unfortunately. '

    +++++++++++

    But, of course, each member of the SFA Board, and each Boardroom of every football club in Scotland knows that Truth always has the last word!

    In so far as none of them ( with the honourable exception of the late Turnbull Hutton, man of immense courage and integrity) publicly objected to the Big Lie (that somehow a brand new club was a hundred and 40 years old and was indeed the Rangers of the four young men on Glasgow Green in 1872 )they are all guilty as hell of betraying the very thing that their businesses are built on- fair sporting competition, with no rigging of games, no  false claiming of or false awarding of sporting achievements, no question of sliding money to distressed clubs  …

    Their guilt is all the greater because at first the SPL and the SFA dealt with the Administration correctly.

    And followed up correctly when RFC of 1872 did not come out of Administration but entered Liquidation.

    And they acted within their legitimate powers ( given that no other aspiring club pushed seriously for admission) when they admitted SevcoScotland into the lowest tier of the SFL.

    And it was then that the corruption set in,  and the Lie was created.

    And that lie sits on the consciences of our clubs' board members, and of the members of the Boards of the SFA and SPFL., because they are not (with one possible exception) sociopaths, but 'respectable' men and women of business, who have children and grandchildren who think the world of them and whom they have brought up to be honest and truthful.

    The Lie was wrapped up in the secret , mouth-taping, 5-Way Agreement/(blood oath equivalent)

    And there we are, with a Sports Governance body knowingly rotten at the core, and sports clubs very much party to that rottenness.

    Where do we go from here?

    Except to demand a restoration of sporting truth as of fundamental importance for people in the business of making money from sport.

    TRFC is NOT and never has been the Rangers of 1872. It is not, cannot possibly be, entitled to the sporting honours and achievements of Rangers of 1872.

    That is a simple truth.

    Let the SFA and the SPFL and the SMSM and the record books acknowledge that truth- and we can all be as relaxed as were the (surprising number) of arthritic old geezers [could they be posters on this blog?broken heart] I saw while watching Bonnyrigg Rose v Buckie Thistle tonight.

     

     

     

     

     

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  14. Big Pink 18th October 2019 at 14:46

    Bordersdon

    There is an element of “Yes Minister” within the bureaucrats at the SFA, but your point is correct.
    If there was a will, there would be a way to root out corruption.
    However we are talking about a trade cartel, an old boys’ club for the blazers.

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

    It is what that 'trade cartel' actually is that worries me. I might never know though, as I am sure it is a secret!

    View Comment

  15. bordersdon 18th October 2019 at 14:36

    The clubs (including yours and mine) are the SFA! The blue pound talks unfortunately.

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

    In my opinion it goes way beyond the blue pound, although that will be a factor. Let's consider some of the past events. 

    1) In 1994, the same bank that financed Rangers way beyond what there was a business justification for tried to put Celtic out of business altogether for a fraction of the debt. No-one in the media, government, or the football authorities gave a toss. Was it all part of a grander plan? In my view it was, and the aim was to put Celtic out of business forever. Thank heavens for Fergus McCann. 

    2) Contrast 1994 to 2012. Celtic in 1994 simply had an incompetent board of directors unwilling to give up power, In 2012 Rangers since 2001 under two different owners had illegally evaded paying tens of millions in tax. Despite that the media, government and the football authorities tried to move heaven and earth to allow the unpaid tax to be overlooked. To this day they still treat David Murray like an honourable statesman, despite him instigating tax cheating on a huge scale. What other 'qualities' does David Murray have for this to happen? Perhaps the same ones that another grand tax cheat, Dave King has? Why did the Scottish Police go after Charles Green and Craig Whyte, while Murray was left alone?

    3) Several other football clubs such as Dundee, Motherwell, Dunfermline, Hearts and Gretna have had various degrees of financial problems. No-one in the media, government, or the football authorities gave a toss

    It's far more than the blue pound that matters. It's not just the SFA we are up against, it is the entire establishment. That is not easy to overcome. Rangers* are their club, and always will be. Even over 80% of Grade 1 Referees agree!

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  16. upthehoops 19th October 2019 at 09:32

    https://www.telegraph.co.uk/sport/football/teams/rangers/9086664/Rangers-must-continue-for-the-future-of-Scottish-football-and-for-the-fabric-of-the-country-says-Alex-Salmond.html

    Salmond told Sir David Frost, in an interview to be broadcast on Frost over the World on Al Jazeera English: "Obviously HMRC have got to pursue, in the public interest, taxation.

    "Equally, they've got to have cognisance of the fact that we're talking about a huge institution, part of the fabric of the Scottish nation, as well as Scottish football, and everybody realises that.

    "We've certainly been arguing to HMRC on one hand, and indeed to Rangers, to for goodness sake get a settlement, get a settlement and a structure over time whereby Rangers can continue because Rangers must continue for the future of Scottish football and for the fabric of the country."

    Speaking about Rangers during a visit to Scotland, Prime Minister David Cameron told the BBC: "I want that club to survive and to thrive.

    "It has an extraordinary history. It has a very special place in many people's hearts in Scotland and no-one wants to see that club disappear.

     

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  17. upthehoops, good post.

    I think many Internet Bampots would also agree that if/when RIFC/TRFC hits the buffers, the SFA & SPFL will adopt exactly the same approach as in 2012: to accommodate an Ibrox club in any way possible – and with scant regard to any rules or precedent.

    This time though the blazers might put a bit of effort into managing the PR from Hampden… or alternatively, be even more secretive around their Ibrox dealings than they were back in 2012!

    And this time around it would/should put much more pressure on all the other 41 member clubs to speak up.

    And any Hampden efforts to bend over over for an Ibrox club – again – would, IMO, 'crystallize' the pressure on CFC to publicly state the club's official position to both the Res.12 proposers and the fan base in general.

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  18. StevieBC 19th October 2019 at 13:12

    How much would have got out the last time without the RTC blogger.

    There would have been some bits, absolutely, but nowhere near as much I would guess. Not only directly, but pointing people in the right direction with regards where they might want to look. 

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  19. I've not posted for a while, being occupied with Res12 business.

    A resolution to reinstate Res12 to this years AGM obtained sufficient support to enable it to be lodged with Celtic in September with more documents arriving since.

    Past practice has been for Celtic to publish the resolution in full in the papers announcing the AGM along with the club's response.

    That is awaited but with past AGM's being in mid November the papers should be out soon.

    Early indications are that a push might have to become a shove with Celtic becoming the focus rather than the SFA.

     

     

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  20. Auldheid 19th October 2019 at 19:45

    '..Early indications are that a push might have to become a shove with Celtic becoming the focus rather than the SFA.'

    +++++++++++++++

    It would be very unwise of Celtic plc to plead that it is in the best interests of the company and shareholders if the Resolution were to be  withdrawn without presentation and discussion of the evidence that the Requisitioners possess;

    Or to try to assert (without being able to provide proof of the truth of the assertion) that the hands both of the SFA's  Licensing Board and the Board of the now in -Liquidation Rangers are clean and that there was no chicanery and no illicit sliding of monies in order to aid an ailing club 

    Only cast iron evidence that Rangers had satisfied in every respect the Rules governing the award of a UEFA Competition licence will remove any doubts about the possibiltythat a fraud was perpetrated.

    If that evidence was already available in 2013, why was the Resolution 12 not simply not shot down at the AGM at which it was first tabled? 

    If the evidence had become available in any period of time since then, why was it not made available,and the matter brought to a conclusion?

    But how could such evidence ever become available if there has not been an independent investigation? 

    'Res 12' essentially was about getting such independent investigation. 

    The Celtic Board have not secured such investigation. 

    It had better have some good answers to provide at the AGM, that don't have 'think of your club' as their basis.

    Shareholders are not to be, and cannot be, treated  contemptuously as mere 'fans' or 'supporters' to be told to sit down and shut up. They have some money at stake, whether they be supporters or not.

    Any one shareholder is free to go to the Police with his suspicions that there may be a crime in the background, involving quite a lot of money and possible abuse of office. 

    The Celtic Board needs to keep that in mind, or be forever lumped into the same category as the deceitful, tax-dodging RFC of SDM.

     

     

     

     

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  21. Homunculus 19th October 2019 at 16:54

    '..How much would have got out the last time without the RTC blogger.'

    ++++++++++++++++++

    I'm ashamed to admit that I was the kind of newspaper reader who swallowed hook line and sinker the early reporting of the little difficulties SDM had ( for what, four, or was it 6, years ) trying to offload RFC, looking for the right kind of buyer etc.. 

    And I'll never forgive that wretch ( what's his name again?Keef? Keexh? )for the absolute nonsense of the MBMB. 

    It's with a shock that I realised  when I first read the RTC early blogs  how ready I had been to  believe what the papers said, in the matter of Football, when I was always sceptical of what they say in political or other matters!

    RTC was an absolute eye-opener. 

    I may have met him ( I wish I knew for sure!) during the FTTT stuff in Edinburgh.

    And I thank him.

     

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  22. After the international break sitting top of the league, I guess Gerrard and his team will now start feeling the pressure.

    But it's quite simple really: if TRFC wins all its remaining SPL ties, it will win the league.

    Easier said than done of course.

     

    And whilst Hearts are not currently on form, one would expect the Ibrox club to secure an away win.

    But, as we all know, football is a funny old game, so anything is possible.

     

    And following the uproar last season about the refs' poor performances, it would be perfectly reasonable for match officials to come under intense scrutiny as this season progresses.
    … especially if TRFC is awarded another World Record 4 [four] penalties in one game!

    IMO, the debate around VAR could become a White Hot Topic across Scottish football this season – for all the clubs who feel they have been denied league points and/or a Cup win against TRFC.

     

    …and the Blue Room desperately needs Gerrard to keep TRFC top of the league, to distract from the rapidly accumulating off field problems down Govan way.

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  23. StevieBC 19th October 2019 at 23:46

    '..if TRFC wins all its remaining SPL ties, it will win the league.'

    _________________

    The damage that the 5-Way agreement has done to Scottish football is incalculable.

    We now cannot , absolutely cannot, trust the governance body or its supervision of the referees. If the very governance body is corrupt, what of its subsidiaries and paid officials?

    The SFA sold  the conscience and heart of fair play of Scottish football in creating the absurd Big Lie:

    Who can now believe that there is any honesty when it comes to helping the new Rangers?

    Having bloody-well lied once, they will lie and cheat again. And again, and again!

     

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  24. John Clark 19th October 2019 at 23:04
    I’m ashamed to admit that I was the kind of newspaper reader who swallowed hook line and sinker the early reporting of the little difficulties SDM had ( for what, four, or was it 6, years ) trying to offload RFC, looking for the right kind of buyer etc..

    And I’ll never forgive that wretch ( what’s his name again?Keef? Keexh? )for the absolute nonsense of the MBMB.
    …………………..
    Some light reading JC.
    https://twitter.com/succulentlambs
    ………………..
    What we had to put up with from the SMSM.
    What we know now and looking back….Head shakes.

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  25. Before commenting on what are, in relative terms, mundane and trivial matters my condolences to Big Pink and his family. I know that words can sometimes seem hollow but sometimes it's all we have to offer.

    As always with the things of interest on this site it's either feast or famine. In the middle of the current feast of Cold Shouldering, Brexit shenanigans, Resolution 12 et cetera I have not noticed much by way of comment on the Note dated 1st October 2019 issued by Sheriff S. Reid following Appeals against decisions of Glasgow City Council. The Note can be found at [2019] SC GLA 80.

    The Appeals were taken by (and who knows how ridiculous it reads to outsiders?) The Apprentice Boys Of Derry, Bridgeton together with three other related cases; (again, how inane does it look?) The Apprentice Boys Of Derry Dalmarnock No Surrender Branch Club, Dalmarnock Orange And Purple District 50 and Orange And Purple District 37.

    At first glance this was a routine Note following an Appeal Hearing but when you see that it runs to 81 pages it's obvious it's not routine at all. The Note follows a Hearing on 31st May 2019 and you can see why it took four months to produce. The Note is particularly interesting, to me anyway, when after disposing of the arguments put forward by the Appellants the Sheriff proceeds to arguments which were not put forward. This is, to put it mildly, odd. The latter part of the Note is a blend of history, judicial knowledge and, unless I'm misreading it, a demolition of any legitimate purpose or intention advanced for justifying the particular route, timing and conduct sought by the Appelants. By the end of the Note it's hard to see how things could have gone worse for the Appellants and by extension for all parties in the future who want to argue the "traditional right to march where, when and how we like" line.

    To add insult to injury  paragraph [20] notes that the Council's legal expenses are to be picked up by the Appellants. This looks like a good day in Court for the Council followed by an even better day out of Court and it won't cost the Council Tax payers a penny. Unless The Apprentice Boys/Orange/Purple/Dalmarnock word salad suffer one of those insolvency snags.

    It's clear that this Note and the preceding decisions will be trotted out by Glasgow, and every other licensing authority in Scotland, in many, if not most, marches/walks/parades/processions in the future.

    It might be worthwhile sending a copy of these proceedings to the SFA and the SPFL asking if they think they have any possible relevance to any of their members. When I think about it I'm sure I saw a banner which suggested that one of the associations with a name similar to the Appellents included the name of a Scottish Referee. That's a Referee who still officiates; not one from the bygone days of yore.

    Maybe the authorities are busy dealing with more important matters. Like does Cold Shouldering mean GASH is not, or is no longer, or never was a fit and proper person to be anywhere near a Scottish football club/company?

    If history has taught us anything the answer will be no or who cares or it was all a long time ago…

    GASH could take a leaf out of The Donald, or The Boris, Book and tell them not to worry about the Cold Shoulder as he got some Ralgex.

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  26. LUGOSI 20th October 2019 at 09:08
    9 1 Rate This

    Before commenting on what are, in relative terms, mundane and trivial matters my condolences to Big Pink and his family. I know that words can sometimes seem hollow but sometimes it’s all we have to offer.
    ………………
    Also sorry for my late condolences to Big pink.

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  27. I had a similarly delayed intro to RTC John and I am equally thankful.  What also caught my eye at the time however was that as well as his/her technical explanations bit was also his/her unerring ability to say “ok, this what seemed to have happened (and incidentally never once did I feel anything other than evidence led with his stuff and I consider myself pretty critical/cynical) but it was his/her ability to suggest “and this is how it will be reported.”  And I don’t think the press ever once let us down in that regard.  Almost as though they thought we’d somehow give up on the evidence and go back to reading their blinkered fantasies.

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  28. LUGOSI 20th October 2019 at 09:08
    As always with the things of interest on this site it’s either feast or famine. In the middle of the current feast of Cold Shouldering, Brexit shenanigans, Resolution 12 et cetera I have not noticed much by way of comment on the Note dated 1st October 2019 issued by Sheriff S. Reid following Appeals against decisions of Glasgow City Council. The Note can be found at [2019] SC GLA 80
    …………………….
    That reminded me with all the goings on i forgot about.
    https://www.bbc.co.uk/news/uk-scotland-glasgow-west-49937152
    Venue in Rangers fan zone row leased to club’s charity foundation
    …………….
    Councillors are being asked to approve a 25-year lease of the Ibrox Community Complex for £750 per year.
    The site – across the road from Ibrox Stadium – will be leased from Glasgow Life to the charity.
    But terms of the deal would prohibit the complex’s use as a fan zone – and block alcohol sales on the site.
    …………..
    Maybe Glasgow life were happy to get shot of, and save themselves a lot of hassle from the ibrox crowd.
    What now for the ibrox fan base and their demand for a fan zone?

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  29. CO, yes that story caught my eye as well.

    Even with the upfront restrictions, and liabilities to improve the site…

    at a paltry £750 a year it's worth a punt! 

    But, once in a position of leaseholder, TRFC can discreetly exert pressure behind the scenes to change – or relax – the terms of said lease.

    I'm guessing that come next pre-season, that area across the road from Ibrox will be the official – and drinks licensed – fans' zone.

    It will be successfully argued that to complete the £250K of improvements to the site, the Rangers charity needs to raise the cash first…and in the absence of any other potential developers for the site…  indecision

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  30. As regards the quality or relevance of the SMSM WRT football coverage: it's arguably just as deficient / deceitful as it was back in 2011/12.

    If we didn't have SFM and other Internet Bampot sites TODAY, we would be in the dark about Scottish football – just as many of us were in the days before the RTC site was created.

    And sports coverage aside – I just don't know why anyone would buy or subscribe to newspapers.

    If you strip out of the papers their incessant coverage of;

    – reality TV programmes

    – reality TV z-list 'celebs'

    – paid for articles promoting books / films / products

    – paid for articles from desperate, forgotten 'celebs'

    – viral videos lifted off the internet

    etc.

    …the papers would be empty!

    [Or maybe it would just be Brexit coverage left. heart ]

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  31. Update on the Cold Shoulder.

    If Ralgex doesn't meet SFA or SPFL requirements GASH has also got some Deep Heat and if that isn't good enough Jimmy The Jannie Bell is on standby with a shovel of sawdust.

    Nothing to see here. Move along. Nothing of interest to the likes of you. Move on. Best interests of Scottish football at all times without fear, favour, love or affection. By the way did we say our dog ate Resolution 12 and we're not allowed to use copies? Why? Five Way Agreement. By the way did we say our dog ate the Five Way Agreement and we're not allowed to use copies? Why? Five Way Agreement. What's in the Five Way Agreement? Are you deaf? The dog ate it. It's gone. Never existed.

    Anyway how's the top of the SPFL looking? What? What do you mean top on goals scored? There's a bit in the Five Way Agreement that El Guffalo goals count treble. Pity the dog ate it or you could have read it for yourself but I'm sure you'll take our word on it.

    Hello! Hello! What do you mean "Aye, right"? Does that mean you believe us twice?

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  32. Actually, thinking about it again, the perilous position of Metro Bank could be the most immediate – and significant – risk to RIFC/TRFC.

     

    We all know that the original Rangers was recklessly funded by HBOS. Following its takeover by Lloyds in 2008 due to the financial crash, Rangers was instructed to reduce its debt level ASAP.

    After Rangers died in 2012, The Rangers started up in the summer of that year, and its financial services provider was Metro Bank.

     

    Metro Bank was a new bank, created as recently as 2010.  It didn't have a physical branch in Scotland, (and it still doesn't in 2019).  The nearest Metro branch is in Manchester.  Not a major problem for Personal Banking needs – but a potential problem for Business Banking needs.

     

    So, why did The Rangers go with Metro Bank and not a more established – and local – high street bank like RBS, Co-Op, HSBC, Barclays, etc.?

    It would seem that after the very public and nasty fallout with Lloyds HBOS by the indebted Rangers, the new Rangers was not welcome to do business with the other banks?

     

    Having only opened its doors in the UK 2 years earlier, Metro Bank might have been hungrier for new business clients – and its appetite for risk might have been higher.  A high profile business account like The Rangers might have helped raise the Bank's profile in Scotland as well.

     

    So far, so good.

    But, IF Metro Bank was to go bust where does RIFC/TRFC go?

    If the Ibrox business couldn't secure a high street bank in 2012, it's highly doubtful it could do so today for the same reasons, IMO.

    Add on top of that a convicted, Cold Shouldered Chairman, red flags all over any agency credit ratings of RIFC, etc.

    What other bank would take on RIFC/TRFC ?

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  33. LUGOSI 20th October 2019 at 09:08

    '..The Note follows a Hearing on 31st May 2019 and you can see why it took four months to produce. The Note is particularly interesting, to me anyway, when after disposing of the arguments put forward by the Appellants the Sheriff proceeds to arguments which were not put forward. '

    +++++++++++++++++

    I have just read the Note.

    Not ever having been even a law student never mind a lawyer, I nevertheless found it relatively easy to read and extremely interesting, particularly the Sheriff Principal's  scrupulous explanation of 'judicial knowledge' and the potted histories,and of how he justifies drawing on 'judicial knowledge' in arriving at his judgment.

     

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  34. StevieBC 20th October 2019 at 22:18

    '..and its appetite for risk might have been higher..'

    ++++++++++++++

    Their present difficulties apparently stem from a cavalier attitude to the classification of risk, an attitude which seems to have left them short of the proper level of liquidity!

     

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  35. LUGOSI 20th October 2019 at 09:08 '..The Note follows a Hearing on 31st May 2019 and you can see why it took four months to produce. The Note is particularly interesting, to me anyway, when after disposing of the arguments put forward by the Appellants the Sheriff proceeds to arguments which were not put forward. ' +++++++++++++++++ I have just read the Note. Not ever having been even a law student never mind a lawyer, I nevertheless found it relatively easy to read and extremely interesting, particularly the Sheriff Principal's scrupulous explanation of 'judicial knowledge' and the potted histories,and of how he justifies drawing on 'judicial knowledge' in arriving at his judgment.

     

    its a fascinating read. Closes all sorts of doors to appeal as well. Almost as if the Sherif anticipated that would be coming. 
    as an aside Im told Sherif Reid is very good to work with and not the usual “public school educated” lawyer. 

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  36. Just in the passing, I am happy to say I was in Court One of Parliament house about an hour ago to hear Lord Carloway ( with Lord Drummond Young and Lord Brodie ) announce that the case against the PM will be continued until it becomes clearer whether he has complied with the order .

    I was only just in time to be in court as the judges returned from their deliberations, so I missed the submissions made by either party, which clearly must have been very short because the hearing began at noon.

    The Court room was pretty full-no sign of James Dolman-, and the TV camera was there.

    Beautiful sunny, bright , chilly morning, with a flame-eater performing in the High St, and still lots of tourist groups about.

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  37. It's not often you hear a manager claim he needs less players but Gerrard has said exactly that ,he wants to cut his squad from 26 down to 18 in the January window. Has someone been putting coffee in his coffee? Is the reality of the situation at Ibrox beginning to hit home? Does he realise that a few injuries to a squad of 18 will leave it threadbare? He has previously said that if Morelos or Tavernier were sold he would scweam and scweam until he's sick , is he now conceding that keeping the lights on is the reality at Ibrox. Gerrard may just have let the cat out the bag that not everything in the garden is rosy , something most on here and elsewhere realised a long time ago. Elsewhere it has been reported that King is demanding 20m+ for Morelos , sorry Dave that's not how the market works as for the reported 8m valuation they have for Tavernier …….well his last 2 games in particular has seen that price tag being passed by a flying pig . Here's how it really works , people realise the club* is in trouble , when you're desperate to sell then the vultures circle and offer pennies on the £, players sit tight knowing that an admin event releases them from their contract and gives them better bargaining power.

    Moving on to matters boardroom and the need to remove King from his position. A 27p offer for his shares will cost over 18m , a 20p offer will cost 13m a 10p offer will cost 6.5m . Any current member with 4% will trigger an offer for all the other shares if they take Kings 26.6% , clubbing together won't help as that will be seen as a concert party so that leaves new investors to come in and save the day. With all the outstanding issues still to be resolved it's unlikely to attract many bidders. The problem with accepting a 10p offer is it revalues the club far lower than it was previously and makes balancing the books a Herculean task.They can't afford to buy King out and they can't afford not to buy him out , no wonder the January sale signs have gone up in October. Nobody is going to spend millions buying this club* when they can wait a few months and get it for £1

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  38. Timtim 21st October 2019 at 18:48
    ………………….
    A good post as how things stand i believe.
    January sale signs have gone up in October. Brilliant.

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  39. Timtim 21st October 2019 at 18:48

    '…players sit tight knowing that an admin event..'

    +++++++++++++

    I think, Timtim it is only the event of Liquidation that nullifies contracts.If a club gets out of Administration by paying its debts or reaching some settlement with its creditors, it carries on as legally the same entity , and all its commercial and employee contracts remain in force. 

    Whereas, when Liquidation ends the club's life , as in the case of RFC of 1872, all contracts are rendered null and void.

    Fraser Wishart as the PFA rep did a good job in making sure that at least those players who wanted to leave the dead club knew the legal position, that the contracts they signed with RFC of 1872 were unenforceable by the chap who set up the new club SevcoScotland. 

    I assume, but would not be surprised if I assume wrongly, that the legal position of all contracted employees at Ibrox , not just the playing staff, but the office workers etc., would have been explained to everyone by the Liquidators, if not by D&P when they saw that the pl.. saw that Liquidation was inevitable and that there was no way out of Administration that would have kept the club alive.

     

     

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  40. In general John that is the case but during admin a player can be released from his contract (by mutual consent) if it helps bring down the running costs , this then gives the player free agent status and he can sign for other clubs out with the transfer windows, this will in general only apply to those with low market value. I will have to check the rules on what happens if admin occurs out with the transfer window to see if other clubs can buy , from memory I don't think they can . 

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  41. Did anyone else catch a fleeting glimpse of the Hampden  Scarlet Pimpernel – aka SFA CEO Maxwell?

    I think it was STV News @6pm tonight, during coverage of a study linking football to an increased dementia incidence. *

    Anyway, I was surprised to see Maxwell in front of the camera – and talking all by himself.  Softball questions and he gave bland and non-specific answers about the study results and player safety in general.

    Like his recently disclosed writing abilities: he didn't impress in front of the camera.  [And that's being kind.]

    …well, what the hell do you expect for a £300K salary?  indecision

    Suppose Maxwell is safely locked away in the bunker now!

     

    * The study is probably, sadly, not surprising – although it did not explicitly state that heading the ball was the cause, and concussions during a career could have contributed.

     

    Although I'm not that old, I'm old enough to remember as a very young kid the laced up leather balls…which when wet weighed a ton and heading them when wet was certainly painful, from what I remember. 

    Heading that type of ball when wet was best avoided.

    But, from the c.70s/80s onwards those balls were phased out, and replaced with plastic/rubber balls – and their weight didn't significantly increase in the rain.

    Ergo, the incidence of dementia 'should' decline in future amongst football players, one would think?

    Plus, there has been more awareness – and a much more serious approach taken – with regards to concussions and suspected concussions in recent years.

    But for those ex-professionals who did play in the old days, and suffer today from dementia – they should get some recognition and support from the UK football industry, which they effectively helped to develop, IMO.

    [Disclaimer: I'm not aware if ex-players with dementia do currently receive any assistance e.g. from Players' Unions or via the FA's.]

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  42. Timtim 21st October 2019 at 20:42
    …………………………Ally was told to draw up a list of players he could do without, he refused. Players could be axed to reduce costs some players could offer to continue playing at reduced wages.

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  43. StevieBC 21st October 2019 at 21:05

    '..The study is probably, sadly, not surprising – although it did not explicitly state that heading the ball was the cause, and concussions during a career could have contributed.'

    ++++++++++++

    I think it is only fair to record that the Hampden medical chap, Dr McLean, was eager to relate that the study is a high value Scottish study, published in the ( most important) European Journal of Medicine ( or some such) and that the subject of possible changes in relation to heading the ball will be on the agenda of IFAB sometime soon. Meantime, there may be suggestions that training on heading techniques be limited to one session per week, with the development of neck-muscle strengthening exercises.

    As you say, StevieBC, no one is saying it is definite cause and effect: just that a fairly huge sample shows that footballers are 3 times more  likely to suffer from dementia related conditions than the population at large.

    ( I thought also there was an implication, perhaps, that if footballers were not the athletes, non-smoking, non-drinking, healthy-eating people they are today, the incidence of dementia might even be greater!)

     

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  44. I saw the dementia report on STV and was left with the impression that the contributors cared more about gaining further funding for their research programmes than they did for the illness itself.

    Am I too cynical? blush

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  45. Timtim@18.48 yesterday 

    So if the *Rangers squad is going to be reduced then the corollary would mean no new signings in the January window. Not an entirely earth shattering conclusion to draw but it is perhaps a sign that the influence of Dave King is beginning to diminish and the support are being prepared for regime change and a lowering of expectations. 

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  46. Ex Ludo 22nd October 2019 at 00:43

    '..and the support are being prepared for regime change and a lowering of expectations. "

    ++++++++++++

    Not by the ' Herald' today with its

    'Crystal Palace 'prepare £20m bid for Morelos' 

    or the 'Scotsman' with its

    '.Dave King has put a £20million price tag on Alfredo Morelos.According to reports the Colombian is a target for Aston Villa.'

    What are these charlatans of sports journalists like?

    We can all play that game. Yesterday, in Parliament House, I was confidentially informed that a senior editor on the 'Scotsman' has piles, and that his counterpart on the 'Herald' is ahent wi' his mortgage repayments. 

    Honest to God.

     

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  47. These ridiculous valuations are not just to soothe the fans fevered brows they are also to convince creditors that the basket of assets really does have some valuable assets. There is also the hope that if they say he is worth 20m often enough then some gullible club will offer 10m and think they are getting a bargain. It didn't work for Barry MacKay who was a reputed 6.5m bid from a German outfit but eventually went to Forest for just 10% of that figure. There is also the small matter of a work permit if they are going to sell him to an EPL club , unfortunately a few International caps in friendly matches doesn't tick the boxes. Far from convincing anyone with this propaganda I believe it is having a negative effect , people will see this as an act of desperation from a cash strapped club* . It's almost as if they have some large bills on the way , some accounts written in red ink about to go public or a boardroom that makes the Conservative party appear cohesive. They have likened Morelos with Gerd Muller , Aribo with Jay Jay Okocha and Ryan Kent with Sugar Ray Leonard , all I see is Rangers* 2011 a spitting image of Rangers* in 2019

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  48. I am no finance guru, and maybe I'm as thick as our national dailies would be thin without their pages of advertisements which keep them alive but, like TRFC, not exactly flourishing.

    But which individual big shareholding of RIFC plc is making rather than losing money by holding on to their shares?

    Their investments of millions is earning them nothing, and may very well be lost if TRFC Ltd goes bust and RIFC plc with it? Wouldn't it make sense for them to bale out with whatever they might get by selling up now, an re-investing in some profitable company?

    In my view, having 10, 20, 30 million shares in a failing football club is scarcely an intelligent thing to do. 

    Can they really be hoping that somehow over the next few years the share price will rise to levels that might make it somewhat worthwhile holding on to them?

    Can someone explain to me what Douglas Park or George Taylor or Borita Investments Ltd hope to achieve?

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  49. John Clark 22nd October 2019 at 16:17                                                              I am no finance guru,

    ———————————————

       Ditto John. I don't know about Taylor, but for Park D'Bus he has other businesses to consider which trade locally. Baling out may be a fearful situation for D'Bus, who must be well aware of the Boycotting prowess of the follow followers. Something the big liar has utilised to great effect and seemingly, something he can rely upon at the drop of a point. 

        However, Finance guru or not, if somebody or something is losing money, then someone is gaining.  (Five companies twice removed).

       Aside from the odd dropped coin or misplaced note, money, in such large volumes can never be truly "Lost"………Somebody has it.

        It was racked up to almost a billion last time, (not inc. taxes owed).

    An over-active imagination may even conclude that it is not just drug dealers or bank robbers who may need to get money out of the country………Or "invest", as some like to call it….

       But what do I know.  heart 

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  50. Utterly sickening story on the BBC Sport Scotland website today about Rangers* 'remarkable achievement amid downsizing' the last time they played Porto. That was in 2005, right at a time the public purse was being illegally shafted by Rangers* for tens of millions in unpaid tax, in order to better what was on the field of play. 

    What strange principles the publicly funded BBC has. 

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  51. Ex Ludo 22nd October 2019 at 00:43
    So if the *Rangers squad is going to be reduced then the corollary would mean no new signings in the January window. Not an entirely earth shattering conclusion to draw but it is perhaps a sign that the influence of Dave King is beginning to diminish and the support are being prepared for regime change and a lowering of expectations.
    ……………….
    If Celtic win the Glasgow derby at the end of the year and pull clear of the pack and strengthen again in Jan.
    No new signings and a depleted squad over at ibrox maybe a large bill from Ashley.
    If the £20mill? striker is moved on for a fraction of his hyped price and Celtic heading for 9 in a row, will the We deserve better banners get another airing down ibrox way?

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  52. John Clark 22nd October 2019 at 13:42
    ‘Crystal Palace ‘prepare £20m bid for Morelos’

    or the ‘Scotsman’ with its

    ‘.Dave King has put a £20million price tag on Alfredo Morelos.According to reports the Colombian is a target for Aston Villa.’
    …………….
    I am beginning to loose track of how many clubs have been linked with this £20mill? striker.And i believe the last time Mr Gerrard spoke about him there had never been any calls from anyone about him.
    Porto will most likely be the next club linked with him if he has a good game on Thursday;-)

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  53. JC@16.17

    Why don't they bail out ? The simple answer is they need someone to buy their shares from them and the queue is so small they've asked Charles Green to turn up with a teapot . They did have the option to force King to buy their shares for 20p a while back but for whatever reason they chose not to do so ,maybe they believed the propaganda that the squad was worth billions or Gerrard was on the cusp of CL riches . Had King been issued with his chilly shoulder before the vote or the full implications of Ashleys case been known to them then only a fool would have kept their shareholding. In saying all that anyone who goes into business with Dave King is a fool especially a business where he is the majority shareholder. 

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  54. Ex Ludo 23rd October 2019 at 08:06

    '.Yet another Knight of the Realm becomes unstuck.'

    ++++++++++++++++++

    Sadly , there is one who has not yet had the honour ripped from him for his cheating, dishonourable, cowardly behaviour.

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  55. upthehoops 22nd October 2019 at 18:28

    '..What strange principles the publicly funded BBC has. '

    +++++++++++++++++

    Yes, the BBC agonised during the second world war over the extent to which it should broadcast actual lies on behalf of the Government. 

    Today, they happily propagate the myth that a seven year old club is entitled to the honours and sporting record of a club that was Liquidated due(ultimately) to its  tax and sports cheating behaviour. 

    They sing the same song as ex-First Minister Alex Salmond, arrogantly defending and propagating wrongdoing because it was done by a club which was an essential 'part of the fabric of Scottish society' and bugger concepts such as Truth and Sporting honour!

    There is no more 'honour' and 'truth' to be found in Pacific Quay than on the sixth floor at Hampden, when it comes to telling the simple, unvarnished truth about the cuckoo club's 'history'.

     

     

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  56. Whether you agree or disagree with his actions or motives, it has been illuminating that the UK MSM has generally avoided reporting on the Julian Assange hearing on Monday.

    More pertinently, the UK MSM didn't accurately report on the disturbing hearing itself – or on the conditions of Assange's confinement at high security Belmarsh Prison.

     

    Additionally, it could have been embarrassing for the London government to be seen to be falling over itself to extradite a whistleblower to the USA – whilst at the same time the USA is telling the UK that a mother accused of killing a teenager in a road accident simply won't return.

    [Needless to say, and absolutely for their own reasons, both RT and Al Jazeeera had extensive – and ongoing – coverage of the Assange situation].

     

    …And then we have our very own local, sports churnalists who obediently copy/paste any old nonsense on the instructions of PR companies or clubs. 

    And no questions, [nevermind follow up questions], are directed to the SFA or SPFL about their failing stewardship.

     

    Mibbees it's not just TRFC, the SFA and the SMSM that's in a death spiral…but ultimately Scottish football as well if nothing changes?

    smiley

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  57. John Clark asked what Park or Taylor hope to achieve.

    John i am no finance expert, but i will give it a go. If you look at the chairmans past in business he tends to have a tried and tested formula.You reduce the share price then sell at a higher price. EG he could be saying to them you buy a million shares at 10 pence ( or less? ) We qualify for the champions league ( i know ) The share price rockets to something like the Celtic one of say £1 20. So 12 times profit. If you have 2 million pounds invested and then walk away with 24 million its not bad business. I know it is simplistic but it is the only one i can think of , well unless someone like easyjambo who i look to on these things can tell us otherwise its the best i have.

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