Post by JonbhoyPost by liam67Post by Jonathan BrycePost by liam67It's all abit confusing at the minute, but I think your right. Also,
the bank are saying they aren't running the club, so I've no idea why
Walter Smith came out and said they were.
I think what it means is that the bank is telling them to reduce their
overdraft and not authorising large payments unless there is a good reason
for them. So any cheques to buy new players for example would bounce but
they will allow salary cheques for existing players to clear.
Cheers J. Looks like money is too tight to mention. It's not really
Murray's fault though. Even with his business instincts he couldn't
have predicted this global financial crisis.
Yeah it just seemed a bit confusing because i guess i saw in most places
that the guy coming in was DM's replacement so i took that as meaning owner
as well and not just Chairman so was a bit surprised when all this financial
talk started but as has been said i guess he is only there as chairman.
Post by liam67Wasn't the threat of bank involvement made when Celtic were on the
brink before McCann arrived? tbh I'm glad those bad old days are
behind the Celts PLC...
Believe it was.Was a horrible day that and to be honest being pretty young
back then i can remember thinking it was not really that bad until the very
last day when everyone was in the car park worried.I didnt realise how close
we actually got to going tits up.Thats why although people slate the guy i
am still grateful he stepped in.Yes it was more a business decision rather
than a supporter stepping in but i dont think we had any other options at
that time from memory.
Where you young back then jonbhoy...? ;)
tbh I think the media loved us being in crisis in fufilled all the
tired old stereotypes as us as pawpers...the giro dome....we urnae no
the people...etc...but Spiers was laying it on abit thick in his match
report today...I think he called Rangers cheepo's...
I too am grateful that McCann stepped in...I'm not sure if he was a
genius...probably not...probably maybe a few wise
decisions...bankruptcy wouldnt have been so bad for us i think
though...someone else in the Celtic diaspora would have stepped in and
taken us to Seville etc....don't forget...we're the chosen people
Jonbhoy!...even old guys like us....;)