For those of you not familiar with American Psycho it’s a 2000 American pitch black comedy horror film co-written and directed by Mary Harron, based on Bret Easton Ellis’s 1991 novel of the same name. It includes a number of disturbing vignettes where the film’s lead and narrator Patrick Bateman (Christian Bale) compensates for his sinecure of a day job by acting out/fantasising about the most despicable acts that could be conjured up in Ellis’s twisted imagination. It includes a scene where Bateman, dressed in what can best be described as a makeshift CSI suit, discusses the finer points of a post-Gabriel Genesis prior to setting about his house guest with an axe.
As far as I’m concerned, The Lamb Lies Down on Broadway, which is in many ways a flawed album, brought the curtain down on Genesis. The plastic pop that followed was anathema to me. I continue to this day to be an ardent follower of Gabriel.
The term turpitude, which has the Latin root turpis i.e. disgraceful, base, is more often than not used in conjunction with moral and gross moral. The latter is grounds for dismissal in most public bodies. However when used in a corporate context one can have no doubt that this article will focus on the question as to what happens next at Ibrox.
When Ashley sold his shares to Club 1872 the last impediment to resolution 11 being passed had been removed. Other dissenting voices have had their rights to vote rescinded. The fact that King and his rogue board can get away with this and continue to be regarded as a PLC should stick in the craw of all right thinking men and women.
The problem is that we are not dealing with right thinking individuals. We are dealing with a South African Psycho. King, with a tenner in his pocket, emigrated to a country where live ammunition and water cannons were liberally used to oppress the indigenous majority. The agitators in chief were either murdered (Biko) or incarcerated for life (Mandela). It was a state of flux. The perfect conditions for a career criminal on the make.
As much as I enjoyed our resident forensic accountants debating the finer points of impairment, I could sense that some of my readers were not quite up to the comptroller minutiae. A sidebar developed on the merits of Fergus McCann. There are those who believe he should have risked his money and spent 5 years working selflessly for a noble cause. Playing for the jersey if you will. They baulk at McCann making £40m when he cashed in his chips. They should think again. Celtic have a minimum of a 10,000 seat advantage at the box office over its rivals. This, and lucrative sponsorship deals, have given Celtic the edge to win six successive titles and to participate in the Champions League year after year. They are a business with a turnover north of £90m which outstrips the new club in Govan by a factor of three.
Ask yourself a question. Who would you prefer to have at the helm of your club? Fergus McCann or Dave King? McCann was always truthful and straight. If King bade you good morning you would be well-advised to check your watch. If he shook your hand a quick audit of your fingers would be in order.
The financial results were from the warm-up magicians in the rogue board including the odious Dickson who is cut from the same cloth as King. The ‘rabbit from the hat’ moment will become apparent when the agenda for the AGM of 30 November is published.
There are those who believe that McInnes will dress up in a sequinned tutu a la Debbie McGhee to distract the audience from the real sleight of hand. The Sunday Post, plagiarising copy written by Jackson and originally drafted by Slim Shady Traynor, are confident that McInnes will make the move this week. What’s £800,000 to a company burning millions? Should McInnes join this clusterfuck of a club he will be buying one-way passage on the Titanic minus iceberg insurance. The bears will turn increasingly Polar should he not secure The Scottish Cup. If he did not secure Europa League participation he would be summarily dismissed.
Rumour has it that Bomber Brown kicked Warburton’s arse when he failed to land the Scottish Cup. The lickspittle SMSM would have us believe that the players were safeguarding themselves from green-hued marauders. The prosaic fact is that Warburton was cowering from the board. Gilligan let rip with some blistering invective. They rounded on Warburton like hyenas on a bare week.
Warburton knew that his time was up in the close season. However he had to bide his time until the manager merry-go-round created a vacancy at Nottingham Forest. When he left, Lite were a distant 24 points behind Celtic. McInnes would not have the cushion of a season in the second-tier against part-time teams. He would be up against teams who have the confidence to play at Ibrox and win. He might be dismissed in a matter of months.
The next two games against Hamilton and Dundee have six points written all over them. Matters become more interesting for McInnes on Wednesday 29th, the day before the AGM, when Aberdeen visit Ibrox. Would McInnes wear a tin hat to fend off the invective from the travelling Aberdeen support? How would he feel about rocking up at Pittodrie with Lite a few days later on Saturday 2nd December? Does he have King’s rhino skin? Is he the South African Psycho’s apprentice?
Auldheid, who is a most welcome contributor on this site, is of the opinion that we have returned to 2011 where the same perpetrators subverted Rangers UEFA licence application. On the face of it being a minimum of £19.9m in debt, excluding the pay-off to Caixinha and his team and the acquisition of Dorrans, drives a coach and horses through FFP. However King unequivocally stated that Lite are FFP compliant which is good enough for the craven SFA.
Why be hung for a lamb when a sheep is available? The hiring of Mcinnes would put Lite in the box seat for the back-to-back games with Aberdeen.
To be FFP compliant RIFC must convert the loan debt into equity, but this flies in the face of another snippet from the report. The loan repayments have been postponed until 2019. Are our ursine friends beginning to realise that a debt for equity swap would be throwing good money after bad?
How many shares would have to be issued to cover the loan debt? At 27p, just north of 74 million. However there is a major issue to be considered. If the rogue board pulled this off they would be breaching concert party regulations by stealth. At the moment only the South African Psycho’s head is on the concert party block. Do our ursine friends fancy an encounter with Patrick Bateman’s axe?
We are not living in an apartheid-riven state of flux. The City are watching. Its public watchdog, The Takeover Panel, is alive to the South African Psycho. Should Bannatyne pull the trigger, King will be dead in the water.
The Gullibillies are staring into the abyss, but are being distracted by the thought of Derek McInnes in a sequinned tutu.