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Fergus McCann confronts the BBC over their continuity myth

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Image for Fergus McCann confronts the BBC over their continuity myth

Fergus McCann has delivered a few home truths to the BBC and others that believe and contribute to the continuity myth.

In a typically expensive back-slapping exercise aimed at avoiding reality the state broadcaster has kicked off a four part history of Scottish football starting with ‘The Souness Revolution’.

David Holmes move plunged Rangers heavily into debt with barrow boy Dave Murray getting a £6m loan from the Bank of Scotland to buy a club £9m in debt.

The good times rolled at Ibrox with Bank of Scotland funding the dream of ten-in-a-row and becoming the second team from Glasgow to lift the European Cup. Murray failed on both fronts.

Caught in the crossfire was the outdated Celtic board, trying to join a new age of commercialism but tied in with the Bank of Scotland who were going overboard to fund Celtic’s domestic rivals.

McCann took over in March 1994, honoured every bill from the Inland Revenue to the face painter, putting Celtic back years but refusing to shaft creditors for short term gains on the park.

Explaining the situation to the state broadcaster McCann said: “Staying out of bankruptcy was expensive. That would have been the easiest way, as you have seen in the case of the other club in Glasgow.

“I was doing what I thought was logical. I was not donating money – I was investing and I expected to get my money back. I didn’t expect to make a lot of money. I did, but that’s the way it happened.

“But it was not coming in as a saviour. I had a responsibility to the supporters to make sure their money wasn’t wasted.

“I put two thirds of my money [he spent £9.5m] into the club. It was the correct thing to do.”

In 1998 against all odds, and after the Bank of Scotland funded the signings of Lorenzo Amoruso, Sergio Porrini, Marco Negri, Jonas Thern, Stale Stensas, Anthony Vidmar and Rino Gattuso to add to Paul Gascoigne and Brian Laudrup Celtic won the league title for the first time in a decade.

With Halifax taking over the Bank of Scotland Murray turned to Employment Benefit Trusts to keep up with the new business model at Celtic.

In May 2011 he accepted a pound coin from a former billionaire, 13 months later the dream was dead as Rangers Football Club went into liquidation.

CLICK HERE for McCann hits out at the Scottish mentality against catholics and immigrants

CLICK HERE for does this picture mean that McCarthy is heading to Celtic.

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