Scottish Fitba Thread (Part 21)

36 of 126

misawa97

11-02-2013

Originally Posted by bhoy07:
“Kris Commons on the reports that Rangers offered Juve Murray Park:

"They can train in my back garden, it would make no difference, If they want to train at a Division Three training ground, let them get on with it."”

Tell it how it is

pedrok

11-02-2013

Originally Posted by Callum Collum:
“Rangers can't compete in Europe because they missed the deadline for accounts in Craig Whyte's time (months before Green & co took over).

The temporary licence was granted during the wrangling over the price for transfer of membership that I mentioned.

By the way, some fans of other clubs - usually Celtic - seem to think there's some item of detail that will be some sort of "magic bullet" that will prove Rangers aren't the same club as before. No bit of detail that is going to prove that.”

Rangers were liquidated, that is the magic bullet.

We will soon find out if it is indeed the same club if titles are stripped, just like the debts seem to belong to another club, after all, the new club are debt free???

pedrok

11-02-2013

Originally Posted by crofter:
“Why the need for you (and virtually every other sellick fan) to be obsessed with them then and seem to know "everything" about us??

Let
Go
You will fee better ... resist the urge.”

In the same way that Charles Green seems to have to mention Celtic in every one of his crazy utterings???

pedrok

11-02-2013

Well said.

I have noticed that every time the new clubs training ground is mentioned in the media now it is called Auchenhowie, it seems Murray Park no longer exists. Whatever did happen to the renaming Mr Green promised?

misawa97

11-02-2013

Originally Posted by pedrok:
“Rangers were liquidated, that is the magic bullet.

We will soon find out if it is indeed the same club if titles are stripped, just like the debts seem to belong to another club, after all, the new club are debt free???”

Pick and choose, pick and choose.

misawa97

11-02-2013

Quote:
“Record Sport understands Juventus will train at Murray Park this morning and Gers have pushed their own session back to this afternoon to accommodate the Italians.”

Lol. The small club in div 3 puts back their own training session to accommodate the big boys.

Quote:
“Juventus Football Club's Catholic Deacon Cesare Nosiglia today gave blessing and thanks on training ground of the Rangers , Murray Park , before Juventus trained at the Scotland complex. (Gazzetta dello Sport)”

Even funnier

They also got the team name correct.

bhoy07

11-02-2013

Izzy and Forrest fit for tommorow, decision on Sammy will made tomorrow along with Ambrose who will arrive back in the morning.

bhoy07

11-02-2013

Celtic announce a 71% increase in turnover for the last 6 months of 2012 - Profit of over £14m

timboy

11-02-2013

Celtic announce a pre tax profit of £15m for the 6 months up to the end of December. Shows just how important it is to take part in the CL.

jsp263004

11-02-2013

CELTIC plc have released the Interim Report for the six months to December 31, 2012.

Operational Highlights
• Progression to last 16 of the European Champions League.
• Currently top in the Clydesdale Bank Premier League.
• Continued participation in the Scottish Cup.
• Announcement of new shirt sponsorship deal with Magners commencing 1 July 2013.

Financial Highlights
• Turnover increased by 71.0% to £50.06m (2011: £29.27m).
• Operating expenses increased by 30.2% to £36.96m (2011: £28.39m).
• Profit from trading of £13.10m (2011: £0.88m).
• Profit on disposal of intangible assets £5.20m (2011: £3.15m).
• Profit before taxation of £14.94m (2011:£0.18m).
• Period end net bank debt of £0.13m (2011: £7.05m).
• Investment in football personnel of £4.65m (2011: £4.44m).
• 19 home fixtures (2011: 16). It makes for rather good reading who needs the rangers ?

misawa97

11-02-2013

Originally Posted by jsp263004:
“CELTIC plc have released the Interim Report for the six months to December 31, 2012.

Operational Highlights
• Progression to last 16 of the European Champions League.
• Currently top in the Clydesdale Bank Premier League.
• Continued participation in the Scottish Cup.
• Announcement of new shirt sponsorship deal with Magners commencing 1 July 2013.

Financial Highlights
• Turnover increased by 71.0% to £50.06m (2011: £29.27m).
• Operating expenses increased by 30.2% to £36.96m (2011: £28.39m).
• Profit from trading of £13.10m (2011: £0.88m).
• Profit on disposal of intangible assets £5.20m (2011: £3.15m).
• Profit before taxation of £14.94m (2011:£0.18m).
• Period end net bank debt of £0.13m (2011: £7.05m).
• Investment in football personnel of £4.65m (2011: £4.44m).
• 19 home fixtures (2011: 16). It makes for rather good reading who needs the rangers ?”

Armageddon indeed. Practically no debt at all.

Charles Green

Quote:
“Green said: “If you look at the balance sheets at the end of next season you should see the strength of the two companies.

“We are in the Third Division and Celtic are in the SPL and what I’d like you to do is promise me at the end of this season, when all the games are played, examine the balance sheets of the clubs and tell me which one is the strongest?

“Then let’s see who has got the strongest balance sheet.”

You have to laugh

timboy

11-02-2013

Originally Posted by misawa97:
“Armageddon indeed. Practically no debt at all.

Charles Green

You have to laugh ”

misawa97

11-02-2013

A couple more years in the CL and the club will be set up for a good few years. Not to mention the assets of the playing staff which will generate a nice bit of change when the time comes.

pedrok

11-02-2013

Those results on the eve of a last 16 CL tie with Juventus!!!

Celtic, do need a strong Rangers it would seem

Callum Collum

11-02-2013

Companies are the things that get liquidated. The club goes on, just run by a new company (or "newco").

As for debts, they can get shed. A CVA is another way for a business to shed debt - and some clubs have been involved with that more than once. It's the way company law works and if anyone really doesn't like that I suggest they complain to the government.

bhoy07

11-02-2013

Originally Posted by Callum Collum:
“Companies are the things that get liquidated. The club goes on, just run by a new company (or "newco").

As for debts, they can get shed. A CVA is another way for a business to shed debt - and some clubs have been involved with that more than once. It's the way company law works and if anyone really doesn't like that I suggest they complain to the government.”

Problem is - the company that owned the club, never went bust.

Callum Collum

11-02-2013

Originally Posted by bhoy07:
“Problem is - the company that owned the club, never went bust.”

The company that used to run the club (the so-called oldco) was liquidated around the end of October 2012.

Mark.

11-02-2013

The company is the club. That's what The Rangers fans keep failing to understand.

kendoguk

11-02-2013

Well that's gonna be an exciting league for years to come....

bhoy07

11-02-2013

Originally Posted by Callum Collum:
“The company that used to run the club (the so-called oldco) was liquidated around the end of October 2012.”

In May 2011 Whyte's company bought the club.

The club signs the players
The club pays the salaries
The club went bust.

As of today - Whyte's company has not entered liquidation.

Everyone from Charles Green to Jim Traynor said all the way into last summer that if the club couldn't agree a CVA that would be it, finito, kaputt, end of story - Rangers FC would be over.

If the club is a continuation - why did Green buy the history?

You just have to look at Gretna.

FWIW, I couldn't care less if it's the same club or not - but I can fully understand those who believe it's a new club and it will be debated long into the future.

timboy

11-02-2013

Originally Posted by Mark.:
“The company is the club. That's what The Rangers fans keep failing to understand.”

It isn't that they don't understand it, it is that they don't want to understand it.

Callum Collum

11-02-2013

Originally Posted by Mark.:
“The company is the club. That's what The Rangers fans keep failing to understand.”

Companies often run things. Other companies can take on the running of those things. That can include football clubs. Is Celtic the club really the same thing as the former Pacific Shelf 595 Ltd (the company that runs Celtic)?

But I don't really want to clog up the thread going on and on about this, going over ground which has been gone over many times before. Celtic fans in particular should have other things on their mind such as playing Juventus in the Champions League tomorrow.

bhoy07

11-02-2013

Originally Posted by Callum Collum:
“Companies often run things. Other companies can take on the running of those things. That can include football clubs. Is Celtic the club really the same thing as the former Pacific Shelf 595 Ltd (the company that runs Celtic)?

But I don't really want to clog up the thread going on and on about this, going over ground which has been gone over many times before. Celtic fans in particular should have other things on their mind such as playing Juventus in the Champions League tomorrow.”

Pacific shelf 595 or THE CELTIC FOOTBALL AND ATHLETIC COMPANY LIMITED as it's now known does not run Celtic.

That company was formed to protect the old name of the club when the name was changed in 1994 to Celtic FC plc

Callum Collum

11-02-2013

Originally Posted by bhoy07:
“In May 2011 Whyte's company bought the club.

The club signs the players
The club pays the salaries
The club went bust.

As of today - Whyte's company has not entered liquidation.

Everyone from Charles Green to Jim Traynor said all the way into last summer that if the club couldn't agree a CVA that would be it, finito, kaputt, end of story - Rangers FC would be over.

If the club is a continuation - why did Green buy the history?

You just have to look at Gretna.

FWIW, I couldn't care less if it's the same club or not - but I can fully understand those who believe it's a new club and it will be debated long into the future.”

Green's company bought the history along with the rest of the club. And since when did fans of other clubs view Green and Traynor as the fonts of all wisdom?

As for the company Whyte ran it was wound up on 5/11/12. This can be checked at Companies House.

Now you can prove you couldn't care less and focus on your own club.

bhoy07

11-02-2013

Some pumping for Hibs.

36 of 126