As Ibrox finds itself up to its knees in confetti, why is it that the Celtic bloggers are the only ones doing the job the media should be doing?
Eric Knott 
Alex Livesey/Getty Images Sport
Yesterday, there was another share issue at Ibrox which raised £750,000.
This is the third such issue in the space of 11 weeks.
Any normal fan would find this alarming and would want to know why it was happening.
Especially coming after a year where the club supposedly raised an extra £80 million in revenue through player sales and their ill-fated European adventures.
However, this is a non-story in the media.
Nobody is willing to report on it in a way that could be described as investigative.
A token report on the share issue in the Record yesterday makes it out to be a thing of nothing.
Here’s what Mark Pirie had to say about it:
Rangers will issue 3million new shares at a price of 25p each, it has been announced.
The Ibrox club will raise £750k from those shares if they are for cash but at this stage it remains unclear if they are to raise funds or if they are converting loans into equity, as they have in the past.
Like doing this regularly is perfectly normal.
You’d imagine if it was, every other club would be at it.
Funnily enough, nobody is.
You can be sure if it was Celtic, the headline in the Record would read something like this:
Share issues at Celtic Park causing alarm amongst Celtic fans as financial crisis looms
Yet when it happens at Ibrox, well, there’s nothing to see here, move along now.
I wrote an article a couple of weeks ago about this very subject.
In it, I questioned if another insolvency event was around the corner at Ibrox.
It’s beginning to look more and more likely.
The warning signs are there.
Douglas Park has departed as chairman, no doubt with all monies due to him in his back pocket.
Ross Wilson has vacated his position as Director of Football and swapped Glasgow for Nottingham.
Wilson was becoming the target of the Peepul’s ire.
Knowing he was on a hiding to nothing when it came to financing the “big summer rebuild”, Wilson wised up and moved to pastures greener down by the River Trent.
Whether he will have a Premier League budget to play with next season hangs in the balance.
Regardless, even in the Championship, he’ll still have more finance than he would have had at Ibrox.
Then, of course, there’s the Champions Leagues monies, remember them?
Jon Dahl Tomasson succinctly explained a couple of years ago how important these “monies” were to the Ibrox side:
🗣️"That's a good answer isn't it?"
Malmo boss Jon Dahl Tomasson says Rangers are the favourites for the second-leg of their Champions League qualifier but was in a mischievous mood at the end when asked who was under more pressure👀👇 pic.twitter.com/kzUi97XWA9
— Sky Sports Scotland (@ScotlandSky) August 9, 2021
That was then and this is now, and next season’s Champions Leagues monies could be the difference between surviving or passing away again.
Big Jon knew….
Then of course there’s the little matter of 12 first team players being out of contract.
We’ll just enjoy that one as we watch it unfold.
The most telling sign that crisis is around the corner is Mr. David Cunningham King sniffing around.
You can be guaranteed that this vulture will be waiting in the wings to pick the bones of the carcass of Sevco, should it suffer another untimely demise.
Finally, the Share issues should be warning enough that all is not rosy in the garden.
As I alluded to earlier, 3 in 11 weeks is definitely cause for alarm.
Joe McHugh posted a great article over on Videocelts yesterday, which really shows how thick the Peepul are.
He posted a segment from Follow Follow, that wonderful cesspit of hatred, where I myself am held in very high esteem.
I’d suggest reading Joe’s article if you want a good laugh.
Instead of seeing these Share issues as the warning signs they are, these muppets think they’re a way of raising finance (£25million) for Mickey Beale’s upcoming squad rebuild.
Oh yeah, and apparently, Celtic have recently had a Share issue of 600 million shares.
Indeed.
For the Peepul, ignorance is bliss.
I’m sure they remember how blissful their ignorance was in 2012?
I’ll break it down simply for them.
In 2012, your club DIED.
Like the Norwegian blue, it wasn’t resting, it DIED.
It passed on, it ceased to be, it expired and went to see it’s maker, it was a late club, it was bereft of life, it’s resting in peace, pushing up the daises.
It’s run down the curtain and joined the choir invisible.
THIS is an ex-football club.
Unlike the Norwegian blue, it cannot be replaced by a slug.
It is, in a wonderful Glaswegian lilt, DEID.
Your current club may be headed in the same direction.
We are giving you all the warning signs, just like the last time, because the media won’t.
Just like I said in my previous article on this subject, you heard it here first.
Ignore it at your peril.
Once bitten, twice shy and all that.
Aodhán Ó Conchobhair 
I believe the rules are if the tribute act goes nipples up again , this time it’s a 15 point deduction with a token fine ! There will be no starting off again in the lowest league like in 2012 … If I’m wrong ,I apologise ! Then again ,if they go into administration they would not technically have to pay the fine ! Would they ?
UEFA would not allow participation in any of their competitions. I’m sure behind the scenes the MSM and the tribute act are working on which company is going into administration this time round . U can be sure we won’t see the headlines we seen In 2012 when they made the mistake of printing the truth for the first time ever.
600 million shares? Where did this nonsense spring from obviously their deluded minds.
That was my understanding of things too, but thinking about it…it’s a 5-way agreement, how much do the rest of the clubs know? And given that this is only an issue if (another) one of the “signatories” of the 5WA would be dead…who says it can’t be ignored if the member clubs rebel? At what point do they all wake up and say “Enough!” to this evil cancer on both our game and our society as a whole?
Investigate where the money is coming from.
Looks like a money laundering agency.
Investigate their finances at the core.
How would invest in such a fkn money draining organisation.Who is covering their shit soaked arsenal.
A Kevin Bridges how, fk me it’s who
There’s one thing here that seems strange to me why aren’t the Ibrox support asking questions here? All these share issues aren’t classed as football income so I’m sure that the FSR guy’s in Nyon have got to be abreast of this situation. If that was Celtic our support would be up in arms and for me that’s the inherent difference between both clubs we saved our club in 1994 they let theirs die in 2012. David Murray not only bankrupted their club with money he didn’t have he wanted Lloyd’s banking group to wind Celtic up over £7 million of debts. The SFA and SPFL are compliant in all of this too and what John Copeland said is true it’s a 15 point deduction and a fine and if they do go into administration again, which I think is inevitable especially if they don’t get through the CL qualifiers, then they’re a goner, I honestly believe that. If they do start again as a third entity then it’s opening up the chance for other clubs to say we’ll take the points deduction and the fine and start again debt free. The governing bodies have made a rod for their own back here and it’ll open them up on how corrupt they are, whatever we think we know of what went on in 2012 it’s not even scratched the surface because everyone involved has closed ranks and Celtic had their own part to play as Peter Lawell thought losing them would harm our game, oh how wrong he was, it might’ve affected things a bit but not to the extent he thought. One day it’ll all come out but only if the supporters of every other club calls for it, I’m not holding my breath that it’ll happen in my lifetime as I’ve probably lived longer than I have left but I’d love to see it happen.
They are gonna end up with more resurrections than the big chief
So if they do go again and start a 3rd club surely they have to start with no history this time because if that happens surely all the fans of every club in Scottish football will tell they corrupt bastards at hampden sfa.spfl that its not happening not again honest our football is finished thst scum at cheating liebrox are getting away with murder and its time they were punished right and kicked out of our game for good and then clean out hampden of those corrupt cheating bastards that are fucking our game to try and save the bigots.
It would appear that all these “soft loans” which were propping up Sevco, weren’t as soft as the Sevco fans would have liked. They all came with strings attached, such as getting their loan back as soon as they won a league or qualified for the Europa League etc. You could see that Douglas Park was uncomfortable in the limelight, who’d really want to face up to that crowd at an annual AGM? Dave Cunningham King had the gift of waffle and could tell a crowd the Arctic was covered in sand but others are less comfortable about lying. If they’ve only raised £750,000 then that tells me, it’s all about survival ahead of getting to the CL qualifiers for them. What players will be out of contract by then? Who will come in of any quality? Failure to make the CL would not necessarily spell the end for Sevco because they’d probably get into a lesser competition such is the set up now but the media not being all over this is scandalous considering the cost to the tax payers after the original club died. The malicious prosecutions pay outs to the Duff and Phelps characters and others involved in that shambolic death/fraud. If Sevco die as well, which is looking fairly likely, then surely Rangers the 3rd shouldn’t be allowed to adopt the McCoist policy of paying exorbitant wages to win lower leagues. They should only be allowed to use their youth players and strict parameters should be set to once and for all, live within their means. Sevco are a more malicious and vindictive lot than the original Rangers, their focus has been on dragging everyone else down the gutter, just because they imploded.
Mr McGhee,
You are the bigot here as always. You have never written anything relevant in your life. Suppose your education or lack of it is to blame.
We all know who Scotland’s shame are and it’s not Celtic or their supporters.
When the 3rd club arrives, they should start in a regional league and qualify for the Scottish league Division 2 properly mor maybe they will quit Scottish football and export their hate to the new European Super League