Private Eye

[quinty 1,445]

Carrying the GCC/Co op/Scum FC story.

Another small hole in the dyke.

Additionally; the mere fact that Private Eye exists makes me immensely proud to be British.

[CheckMateCharlie 228]

Is it the online version or the print version that has it? Can't seem to find it on the site, can you link me to it please mate?

[eejay the dj 31,964]

Carrying the GCC/Co op/Scum FC story.

Another small hole in the dyke.

Additionally; the mere fact that Private Eye exists makes me immensely proud to be British.

Good spot mate .

[quinty 1,445]

Is it the online version or the print version that has it? Can't seem to find it on the site, can you link me to it please mate?

Print version mate - not compter savvy enough to do a link, sorry.

Tbh it's all I can do to get up in the morning these days.

[RD.1872 890]

Good stuff.

[kellydown 5]

At the very back - In the City Section Sub head - Planet Football - Celtic.

Interesting stuff. Anyone know about inferences to accounting yellow card offences ?

Private Eye - 1.50 Get Some !

[RFC55 108,842]

When a private eye article appeared on here about whyte they were labelled taigs

[quinty 1,445]

Just like to point out that in mentioning another hole in the dyke I was not advocating surgical procedures for lesbians.

[Johnny Hubbard 280]

I've never been able to see the online version of their "rotten Burghs" column which originally exposed all this a few years ago either. If you've got the paper copy of the most recent and previous articles, could you scan and post them

[mearns loyal 2,714]

Go on Mr. Hyslop

[cushynumber 25,178]

When a private eye article appeared on here about whyte they were labelled taigs

aye but that was different....

[quinty 1,445]

Incidentally; our wee pal Miss Haggerty is also a reader it seems.

Can't wait to read her take on it. Wont hold my breath though.

Warning: link below leads to photograph that is unsuitable for children and those of a nervous disposition.

http://www.thedrum.com/news/2013/10/29/do-not-read-magazine-judge-warns-rebekah-brooks-trial-jury-private-eye

[54andcounting 627]

Planet Football

Celtic

Under pressure from regulators as well as the Treasury committee, the Co-operative Bank wasted no time adding the recent land sale by Glasgow city council to Celtic to the security held for the bank's £33m funding. A charge over the land near Celtic Park was granted on 19 December, seven days after the council approved the sale.

The Co-Op was big on football clubs, but Celtic has been probably the biggest beneficiary of that largesse - unrelated, no doubt, to the presence on that club's board of former Labour ministers John Reid (who has since left) and Brian Wilson (still there). But the new, more professional management at the bank may be less generous.

The Celtic facility consists of long-term loans of £21m and an overdraft facility of £12m. Both are cheap to run, being fixed at a little more than Libor/bank rate plus 1 percent. So the overdraft last year cost just 1.5 percent and the loans 1.65 percent. When those deals were done, base rate was much higher, but the deals are still sweet. Similarly, Celtic seems to gave benefited from favourable terms in its land deals with the traditionally Labour-dominated local council.

One interesting omission from the otherwise detailed Celtic accounts for 2013 relates to related party transactions during the year. There is reference to "a number of transactions, principally for the supply of goods and services" between the club itself, the subsidiary Celtic FC, with "organisations in which some directors have an interest, as directors or shareholders of the other contracting party".

Shareholders are assured that such transactions were "at arms length" and "of an insignificant nature". So no information is provided as to which directors, what goods and services and how much! Not exactly how the related party game is usually played. It should be up to shareholders to decide about the shortness of arms and significance and that requires full information. A yellow card.

'Slicker'

[quinty 1,445]

Planet Football

Celtic

Under pressure from regulators as well as the Treasury committee, the Co-operative Bank wasted no time adding the recent land sale by Glasgow city council to Celtic to the security held for the bank's £33m funding. A charge over the land near Celtic Park was granted on 19 December, seven days after the council approved the sale.

The Co-Op was big on football clubs, but Celtic has been probably the biggest beneficiary of that largesse - unrelated, no doubt, to the presence on that club's board of former Labour ministers John Reid (who has since left) and Brian Wilson (still there). But the new, more professional management at the bank may be less generous.

The Celtic facility consists of long-term loans of £21m and an overdraft facility of £12m. Both are cheap to run, being fixed at a little more than Libor/bank rate plus 1 percent. So the overdraft last year cost just 1.5 percent and the loans 1.65 percent. When those deals were done, base rate was much higher, but the deals are still sweet. Similarly, Celtic seems to gave benefited from favourable terms in its land deals with the traditionally Labour-dominated local council.

One interesting omission from the otherwise detailed Celtic accounts for 2013 relates to related party transactions during the year. There is reference to "a number of transactions, principally for the supply of goods and services" between the club itself, the subsidiary Celtic FC, with "organisations in which some directors have an interest, as directors or shareholders of the other contracting party".

Shareholders are assured that such transactions were "at arms length" and "of an insignificant nature". So no information is provided as to which directors, what goods and services and how much! Not exactly how the related party game is usually played. It should be up to shareholders to decide about the shortness of arms and significance and that requires full information. A yellow card.

'Slicker'

Drip drip drip

[The Educator 1,572]

Little by little the story of what has been going on is beginning to spread. This may not be a front page on a daily, but it certainly is the sort of article that will make some out there look a little closer at the situation and question what has been the party line.

[bluechip 359]

Just like to point out that in mentioning another hole in the dyke I was not advocating surgical procedures for lesbians.

Is there a hole in Virgil Van Dyke ?

[bluedart1952 1,349]

Just like to point out that in mentioning another hole in the dyke I was not advocating surgical procedures for lesbians.

But you would like to put your finger in one.

[Johnny Hubbard 280]

well done that man who posted the Private Eye article

is it possible anybody else can find the article previously about the land deals ?

It was in their "rotten burghs" column

[King Jela 20,361]

When a private eye article appeared on here about whyte they were labelled taigs

[DAVIE8CH 296]

if only the msm would show some bottle and tackle this issue it needs to be out in the open

[Guardian 4,281]

Cue the Dambusters music.

The planes are in the air, the wee spotlights are on and converging.

The enemy are on the parapets firing like mad to deflect the bombers.

Still the bombers press on dropping those bouncy bouncy bombs.

The dam will breach shortly and will give the manky ones the biggest wash they've ever had as it engulfs and consumes them.

[North Rd 2,860]

Im sure they took out an Injunction out on the MSM

[Terry Hurlock Loyal 12,133]

Yes, but our glorious media will continue to state the there is nothing to see here. Whilst on Clyde, any caller gets quickly rebuffed with a press statement from Mr Lawell.

[DAVIE8CH 296]

north road, it certainly looks that way. if so to me that looks like the bheasts want to hide something, well they do have previous

[Bobby Hume 13,036]

"Have I got news for you", well posted Quinty. Let's hope a bit more pressure will be applied, to open up this scandal, and poke a hole in the dyke that is known as, Buggerers fc. As you say drip...drip...drip!