FatEck.co.uk

News and comment on Rangers FC.

1. Titter 09.15.04 / 11pm

   Let’s put this into perspective shall we. You lot are rank rotten… You are unable to gain entry into the Champions league because Eck has the management skills of a wardrobe (personality too), your Chairman has squandered more money than the money squanderer of old squanderingville and of course… your pish… Beat us and then Barcelona? Sorry chaps not this week.
2. Titter 09.15.04 / 11pm

   PS: ECK MUST STAY!!! x
3. Derek 09.15.04 / 11pm

   Woosh! Misunderstood the article, have we? Were you one of the fans booing auld Henrik? :-)
4. Titter 09.16.04 / 12am

   Not at all Derek, I just find the arrogance (almost smacks of england) a shade too much to take i’m afraid… that the author believes Rangers should be up there and have that right simply because Murray spent a pile of cash and stunned us all with amazing co-efficient produced in Europe by the teddy berrz. Your tea’s oot… don’t choke on the Madeira cake! ECK FOR PRESIDENT!
5. Viffer 09.16.04 / 12am

   Why the hell should Rangers supporters be bothered about Celtic fans booing Henrik.

   He was playing against us, he has been well rewarded and was out to do us damage. These same fans have paid Henrik’s wages over the last seven years. Some wanted to boo, some wanted to give their support. Remember, Parkhead was full at the end of last season to give Henrik one last bumper payday. Celtic supporters support the team, not ex-players. He is a legend and will be welcomed back anytime but not for the opposition. Henrik had a job to do and that was to score against Celtic. The supporters had a job to do and that was get behind the team.

   As for Martitimo, they are hardly a European heavyweight. Any decent team should easily overcome them. You still have to beat them first. If your only comfort is to bask in the glory of your rivals getting defeated, it shows how low the expectations of your team are.

   Can you imagine what Barcelona would have done to Rangers.
6. Nathan Taylor 09.16.04 / 1am

   I’ve never read anything so pitiful in my life. This is obviously a person who has lost his grip on reality. Grasping at insignifigant coincidences from years past that have no bearing on the current stream of things is sad and hilarious at the same time, for it shows that that’s all rankers have to cling to; pale coincidence that means absolutely feck all. Come back from your depthes of dillusion Fatty. Celtic Transfer Budget 2005
   The accounts just published confirm that this will be the last year Celtic will be paying for the transfers made during the John Barnes folly and Martin O
7. Donald 09.16.04 / 1am

   Bleedin’ Nora - there’s some twisted, highly convoluted logic in their somewhere I think ( only kidding - course there isn’t!!).
   Desperate times call for desperate delusions. If Barcelona ever get their hands on you you’ll be so traumatised you’ll be on funny pills for post traumatic stress disorder for the rest of your natural.
   Dream on - if their are no straws to clutch at, a straw in a dream will just have to do.
8. GaGa 09.16.04 / 2am

   I agree with Nathan, so there!
9. McGhee 09.16.04 / 2am

   I hope that a lot of people read this article just to prove how, twisted, pathetic and desperate Rangers fans are. Life must be miserable for the common Hun if this is the hopes and thoughts that go through your tiny little pea brain heads. I must admit I never realized how desperate you lot are. Keep up the good work I’m looking forward to you next article.
10. SteveMac 09.16.04 / 3am

    You’re a moron. Surely you’re not naive enough to believe Murray’s hype once again. Haven’t you learned your lesson. The guy could teach Blair about how to spin. Yippee, you only lost
11. jocky 09.16.04 / 6am

    A hun at university?, yer either having a laugh or you were the janny ya bitter twisted halfwit. oh and by the way if your educated were the feck does kings and lewis’s 60 milion investment (in what i wonder) come into the 75 million debt or does that no count?
12. Big Mike 09.16.04 / 8am

    ……and to top it all off, Barcalona beat the ONLY Scottish team to WIN the European Cup!!
13. mikef 09.16.04 / 9am

    This’ll shock you, as a Celtic fanatic, I actually think your article is very well written, obviously I dont agree with the sentiment, but its well put and demonstates a keener understanding of reality than most supporters on either side of our pathetic divide, in truth it could have been much worse for us on tuesday night, we were never at the races, and Rangers gave us a hard game at parkhead for the first time in a while, I think the verbage being chucked at big eck just now is unfair, like MON his hands are tied, and yet he still managed to buy some very decent players, who given time will become a serious threat, Rangers will get past the portuguese team easily, and that is a good thing for us as well, though most wont see it that way, because scottish football cant get any lower and we both want a national team that can achieve, Im glad your choosing not to laugh at us, we are after all at least there trying, but equally, I wont be laughing if rangers and the jambos get stuffed, just cringing at Scotlands failure to produce the kind of teams that saw three european trophies brought home in just over ten years….I wont wish you luck for tonight ( a step too far ?) I honestly dont think you’ll need it….
14. Derek 09.16.04 / 9am

    Nathan,
    You obviously know a lot amore about Celtic’s finances than me, but I would admit that it would appear that Celtic will have a greater ability to put together a bigger transfer budget than Rangers, even after our debt is reduced to under
15. Danny 09.16.04 / 10am

    Well Derek - you will have a great time when murray’s share issue plan comes to fruitition then!! The price of moving the bank debt from Rangers to MIH will be annual dividends that will service the newly accumulated MIH debt from Rangers.

    In other words - Rangers will still pay for the cost of the debt that the share issue ‘removes’! Get ready to stitch those sides as you roll about in laughter!!

    It gets better though. HBOS are the prime movers in this ‘rescue’ package. They want Murray to guarantee the rangers debt & he is using MIH to do that. Rangers will lose the debt from their balance sheet but find an annual charge for dividends in its place!
16. Edgy Roberts 09.16.04 / 11am

    I am actually a Celtic supporter but have just been surprised at how much I was interested in your article. Really good points.
17. mark 09.16.04 / 11am

    thompson…woooooooooooooooooooooooosh!
18. Derek 09.16.04 / 11am

    Danny,
    I believe that you are confused. That is what Celtic did. The Rangers share issue is to be ordinary shares, rather than preference shares, and Rangers don’t pay dividends to their ordinary shareholders.

    Laugh? Yes, at you.
19. WB 09.16.04 / 12pm

    You are deluding yourself, all ifs, buts and maybes. Try realism for the current predicament that your mob find themselves in, not sitting at the big boys table in Europe, way behind in the League, facing a rampant Dons team next week and well the debt….obviously blinded by the overtures of the metalman.
20. Danny 09.16.04 / 1pm

    Derek - not confused at all. Neither MIH or David Murray have the funds to underwrite the share issue. What Murray intends to do is transfer debt from Rangers to the Murray Group which Rangers will become part of.

    There is no way that there will be a free lunch in all this for Rangers - check the small print! Dividends will be issued to cover the annual cost of the debt!!

    Incidentally, you do not need pref shares to enjoy dividends. Sorry to rain on your parade - but you will be laughing - when rangers resources will be servicing their ‘old’ debt.
21. Eddie 09.16.04 / 1pm

    I thought you started off well but lost your way a bit towards the end. Still, we’re all entitled to dream. The reaction of some Celtic fans has surprised me. Swings and roundabouts btw. The UEFA cup didn’t contain 3rd or 4th class opposition when we got to the final or pumped out by Villareal did it? We’ren’t we inclinded to hark back to glory days during the dark ages of the 90’s? We won’t be on top for ever. The smarter fan of either persuasion knows this. They also know that Scotland’s position in world football is at an all time low so any sparks of success, no matter how small, should be welcomed. I hope you get a result tonight, not because it would be the start of any turn around in your fortunes - which I doubt - but it at least gives us something to talk about.

    Hail hail
22. Derek 09.16.04 / 1pm

    Danny,
    Perhaps you have more information than me? How do you know that Rangers will become part of the MIH group? How do you know that dividends will be issued? I’ve checked the small print and there’s nothing on it on either issue.

    I know that you don’t need preference shares to issue dividends but it tends to be the way ensuring a guaranteed return.

    Perhaps you could back up your statements with some sources? Until you do, it should be treated with as much creedence as me saying that Dermot Desmond will refuse his dividend and ask for the cash to be reinvested in the club.
23. Stuart 09.16.04 / 1pm

    Eddie, you’re too sensible & well balanced to be a celtic fan; see the light, and cross over from evil to good:)

    Wish I could reciprocate your best wishes, but I’m too small-minded to wish that celtic ever win any match. Like our corpulent editor, I’m glad that celtic lost but realise that we’re in no position to gloat at the moment and that Rangers winning will always be inifinitely more important than celtic losing. Both halves of the OF will always struggle in the CL (no matter who manages them or how much money they can spend) simply because neither team will be able to attract top-class players as long as the OF continue to play in the backwater that is the SPL.
24. Charles 09.16.04 / 4pm

    My expertise in high finance is well docummented in past posts, however as a nutter let me ask this, is it plausible that
25. mikef 09.16.04 / 5pm

    strange thing this, it appears there is an element of consensus betwixt hun and tim, with the obvious exception of a few trogladites on both sides, facts are
    1. Murray is deluding the long suffering bears once again, and most suspect or even know that
    2. The biscuit tin still exists but looks like the lid might come off next year
    3 The govan works 11 is better than last year, nobody is arguing that on either side
    4 Thompson and Agathe and one or two others are just not upto CL class but still good enough to beat said works team
    5 In the grand scheme of things scottish football and the SPL are a joke

    BTW has anyone else noticed that shitanta are a bunch of cowboys ? they are so short of numbers they wont even allow people to cancel subscriptions… Im off to the pub to wind up my ( wait for it ) Black Catholic Lifelong Rangers supporting mate !
26. Danny 09.16.04 / 6pm

    Derek - MIH Accounts 2003 clearly show that they do not have the available funds (hard cash) to underwrite this share issue therefore MIH is effectively promising to assume the bank debt of Rangers.

    Do you really think that Murray is going to gift Rangers
27. Derek 09.16.04 / 6pm

    Danny,
    I don’t know the ins and outs of MIH finance. Although they have underwritten the rights issue, I didn’t necessarily believe (perhaps mistakenly) that they would be the ones who would be purchase the shares. I don’t see why Murray Sports (MSL) would not be the ones who end up purchasing their proportion of the shares. I just looked upon MIH as the vehicle for underwriting as it would be unrealistic for MSL to do so. Perhaps Dave King will put in more cash to MSL? Perhaps MSL loan with MIH will increase? Ultimately I view the MSL loan as the amount that Murray has to receive if/when he sells the club, and not much else. MSL receives no income, I believe, because Rangers does not pay dividends (at the moment :-) ). Have MIH not written off part of the debt due from MSL?

    Do I think Murray would gift Rangers
28. Anonymous 09.16.04 / 9pm

    Maritimo 1 v Rangers 0
    They will score at Ibrox
29. Anonymous 09.16.04 / 10pm

    nice article shame about the result
30. Tim Waits 09.16.04 / 10pm

    Big Eck, Your Panglossian Ed, said:

    “But add a wee win in Portugal and it all starts looking better. Suddenly Rangers aren’t the only Scottish team to lose a Champions League home match - but we ARE the only one to gain as much as a point away from home! Suddenly Celtic could be facing botom place in their group and Rangers could get themselves into a wee Uefa Cup group and do a wee bit better. Suddenly - and ever so gently - Rangers could be getting the roots of a fekin big tree out of that tiny acorn of coincidence.”

    Timmmmmmm-berrrrrrrrrrr!!!

    C’est la vie, and I’m well aware the tie has two legs, but be sure to wake me when the Rangers Renaissance starts. What they hell happened to you out there? It even looked bad on the radio.

    And thanks for making me fell better about being gubbed by Barca and having the player I most admire drive a stake through my heart. I thought there was nothing in the world that could put a spring in my step after that, but you lot losing to the fishermen gave me a (cheap, I know) boost.

    Tim(”Nacho Novo can’t buy a goal!”)Waits
31. Fat Eck - your cake-vetoing Editor 09.17.04 / 12am

    Nathan Taylor - pride of place has to go to your honourable self, sir for starting with the line “I’ve never read anything so pitiful in all my life” and then going on to produce a spiel so obviously aimed at updating that fact. You join a host of your friends in demonstrating a complete inability to READ, so shit-scared are you by even the slightest hint of optimism - desperate as it may be - coming from a Rangers fan. “ooh, we must keep them down … ooh we must write longer posts than they write articles … ooh how can I sleep at night knowing so many Rangers fans still EXIST at all!!!”.

    LOL! Totally trumpet. Simply spoon! What the FUCK are you on about ya CLOWN??!! Tis truly wonderful stuff to see you panicked so. remember, yer team are WINNING THE LEAGUE … AGAIN! - your team are currently MUCH BETTER THAN RANGERS!!! you’re allowed to just sit back, relax and ENJOY IT!!

    Take a lesson from Mikef, Eddie and Edgy (gents and scholars all), fellow hoops who managed to understand what I was saying … and saying to Ragers fans, by the way. (”yappy-yap - must stop them communicating with each other - must divide and conquer the hun - yappy yap -yap”)

    How dare I be as honest as to mention I actually enjoy watching my team’s derby rivals losing!! Yee-gads! Even if I go on to spend the first half of the article explaining why we SHOULDN’T gloat over celtic’s defeat to Barcelona and SPELL OUT the fact that we’re in no position to slag anyone BECAUSE we’ll probably lose to Maritimo (duly done), still you can only maintain yer fixed, Daily Record-inspired take on all things Rangers.

    Maybe you should try out an exciting wee experiment - as well as READING the stuff yer about to invest so much time in - maybe you should get an opinion or two of yer own. Ye know, like an “informed” opinion. Nah? Too much too soon. Okay. Just start with putting down the tabloid and stepping slowly away …

    Tim Waits - not as bad but generally likewise … get over to the rant on the Maritimo game and shove up a wee slagging or ten there but next time yer chucking the polysyllables aboot mah freen maybe ye should check the tenses of whit yer reading. The ifs buts and maybes are all we have just noo - give us that at least.

    Jocky - you flatter me - it wasn’t Uni but Janny school lectures (He read Joyce in his spare time - liked to mop the toilet floors in a stream-of-consciousness stylee) - still spookily close though.

    “A hun at uni”! Gosh! - quality material from a quality wit.

    Derek, Stuart - nae bother. Easily the best epistolary ruckers I know - good to have yese in my corner. Just sorry I’m taking up so much of it right now … I’m on a diet, though … cutting out the madeira cake … and the Marmite - just to be safe.

    Fat Eck
32. Fat Eck - your amnesiac Ed 09.17.04 / 12am

    wait a minute … I actually called the rant “let’s all NOT laugh at Celtic”!!! ye only had to read the flippin title to see I was trying to stop Gers fans slagging sellik … but still this proved too much for some.

    Ye try to hold out an olive branch … and they pick their nose with it. :-)

    Fat Eck
33. mikef 09.17.04 / 1am

    oops……..well at least the purple hun showed were not all a bunch of losers……
34. Anonymous 09.17.04 / 2am

    liar!
35. Danny 09.17.04 / 4pm

    Derek
36. Derek 09.17.04 / 6pm

    Danny,
    I hope you’re wrong. The one thing that makes me feel you are is the anger from the supporters if he starts taking out more cash from the club.

    The one thing I can’t get my head round is that there are other shareholders of MIH, apart from Murray and HBOS. Why would any of them want MIH to accept part of Rangers debt? Whatever happens dividends wouldn’t be guaranteed. Murray as a director could be accused of not acting in the shareholders’ best interests.

    Whatever happens, I’m sure he will continue to fool a majority of suupporters.
37. OWEN 67 09.17.04 / 7pm

    GOOD HONEST!READ, BUT THE NIGHT AFTER “JUVE” GUBBED U 4-0 WE PLAYED PSG IN PARIS; RESULT 1-O PSG.
    I NO BECAUSE WE LISTEND 2 “JUVE” GAME? ON BUS 2 DOVER CLASSIC RADIO BIG D.J. WAS BRILL
    OWEN67
    BHOYZ OF OZ
38. Jim the Tim 09.17.04 / 11pm

    I was at that Juve game when you got gubbed 4-0, and it was so so Goooood. I was at the ‘Tic end along with a few Italiano friends…….I was wearing the hoops! Anyway, after last night, you better get used to playing with the little boys….it’s going to be a long long time before you guys get close to even getting second place in the Scottish League.
39. Danny 09.18.04 / 2pm

    Derek
40. Fat Eck - your anorak Ed 09.18.04 / 3pm

    Owen67 - nope. Wrong. You’re thinking of the MERE 4-1 doing we got in Turin. Juve and PSG were in Glasgow the same week. Not that it’s something I want to dwell on …

    Talking of which - “Jim the Tim”, I would think “Playing with wee boys” is a topic most celtic fans like yourself would want to avoid - although you ain’t really a celtic supporter are ye - just a Rangers hater…which means yer more interested in TRFC than GCFC. Turning up at Ibrox for a game not featuring celtic - paying money into the Rangers coffers - makes ye more of a Rangers fan than anything else.

    Heh-heh. One born every minute …

    Fat Eck
41. Fat Eck - your "o"grade Arithmetical Editor 09.18.04 / 3pm

    Derek, Danny -

    Informative stuff but I feel your obvious knowledge and enjoyment of the business world is leading to a mutual feeling that most of the fans are morons.

    Murray is fooling you pair as much as he’s fooling anyone else because, at the end of the day, the closer you get to a guy like that the more likely ye are to be dazzled/enraged by the intricacies of what he’s up to.

    Why the fuck would anyone want to get involved in Rangers in the way he has, with the anmount of bad publicity he’s had as a result of the failures, if we were talking about business acumen as it’s commonly understood?

    Two scenarios: He doesn’t bale Rangers out - he’s gained so much negative reaction that his other businesses will suffer. He tries to sell Ibrox or takes us into bankruptcy - he’s a fucking dead man.

    At the end of the day, the vast majority of the fans will judge him far more brutally than anyone with an inside knowledge of balance sheets etc. The team fail to deliver on the pitch, irrespective of how balanced our books are - Murray is a failure. They deliver, irrespective of debt - he’s a success. End of.

    Right now he’s failing. Because our concern is a FOOTBALL concern.

    Fat Eck
42. Danny 09.18.04 / 6pm

    Fat Eck
43. Fat Eck - your unbalanced sheet-white Ed 09.19.04 / 6pm

    Danny,

    Fair point on my use of “morons” - wrong word - too harsh. But what I’m trying to say is the level of ignorance you describe with regard to the fans and what Murray is up to is actually a double-edged sword.

    Whenever Rangers lose, The Bears don’t give two figs about ANY of Murray’s promises - we just tend to be totally unhappy and blame the man in charge. That can often be a more brutal assesment of the man’s role at Rangers than any cognizance of the world of profit and loss, debit and credit, income tax and share issues.

    Right now we’re pretty crap - Murray won’t be allowed to forget that until he changes it.

    In a way, I can’t help thinking that what yourself and Derek are doing is the businessman/accountant’s version of what I do when examining the footballing problems we have right now: Getting too close and often not seeing the woods for the trees.

    Where you might decide to take Hugh Adam’s word over Murray’s (I have no reason to trust one more than the other), I find myself analysing Nacho Novo’s performance - he makes great runs, gets into great positions, tries his heart out - to the point where I forget he simply hasn’t scored anywhere near enough goals. I look at McLeish’s line-ups and start thinking “well, yeah, what with the players he has missing through injury and suspension, maybe this is the best we can do - maybe we’re just suffering from a crisis of confidence” instead of waking up and realising the very fact of a lack of confidence and players who get themselves injured and supended is the fault of the manager, not an excuse for him.

    For both Murray and McLeish the end result is what the league table says and where Rangers are in European competition. It’s pretty simple stuff and going in too deep can often confuse us from the startlingly obvious facts. Rangers are pish.

    I’m sure that’s upsetting for you :-)

    Fat Eck
44. Derek 09.19.04 / 10pm

    Eck,
    You say that the fans will judge him on a footballing level. You are obviously correct, but the footballing and financial issues go hand in hand. The reason we don’t have a midfield, and hence are with the big boys in the CL is because we can’t afford a midfield. There are more important issues at stake than just getting rid of McLeish, or Lovenkrands having a bad day. If McLeish was replaced the new man won’t have any cash either. It going to get worse and unless guys with balance sheets get involved it isn’t going to get any better. The problems have been created by not enough people listening to guys with calculators in the support.

    Danny, the reason Rangers won’t be net spenders is because we can’t afford to be and will struggle to be cash positive, not because of dividends.
45. arthur car port 01.14.08 / 8pm

    Droves of fans in Port

    PORT ARTHUR - At 7:02 am Thursday, with a handful of cars in the Robert C. “Bob” Bowers Civic Center

Powered by Hemingway flavored Wordpress.

Entries RSS Comments RSSRegister