Been in conference in deepest Manchester for a few days, has anything happened? First of all, well done to the captain for the whole onesie thing. I remember the days Celtic View staff had to campaign for days to get a word from a Celtic player. Notions that the senior players would roll their sleeves up and get involved with media, commercial or Foundation projects were fanciful.
While the move to Lennoxtown has no doubt been good for players and coaches, fans seldom get to see players in less formal roles, like this, or the now frequent Celtic shop visits.
If you’ve not seen the video, check it out here. It’s a Joy of Celtic kind of thing (which I know you have in spades).
Fraudulent or not?
Lord Haw-Haw: Yes.
William Shakespeare: Maybe.
Celtic, East Dunbartonshire and NHS Greater Glasgow: No.
Audit Scotland yesterday announced that there were no fraudulent activities surrounding the purchase of Lennoxtown by Celtic. Imagine that! Celtic paid full price, including tax…
CQN and others spend years predicting the fate of Rangers and Murray International Holdings. The evidence was there, if a little hidden. Just because one group of fans can successfully uncover significant information on another club, doesn’t mean that any or every club is managed in an illicit manner.
The tip is: if you’re going to put a lot of time and effort into something, chose your subject carefully. Otherwise you not only waste your time, but you miss a whole lot of more serious action.
Establishing the locus…
….what you need to do before you are considered appropriate to mount a Judicial Review of a process. Mike Ashley did this yesterday, despite his 9% shareholding in Newco. Fan groups wishing to pursue the SPFL, should they fail to look at the goings-on at oldco in the light of various recent legal matters, will need to convince a judge they are entitled to ask for a Review.
There is a clear route for pursue, should it be necessary.
On Ashley’s Judicial Review of the SFA’s decision to fine him £1000. If the Association are wise they’ll capitulate now. He knows what they don’t, he started this action knowing he has enough to win.
So what would you prefer, Newco fan money goes into Newco, or is held for a more productive moment? I reckon they should pile in now.
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This shouldent be investigated?
FORMER Rangers owner Sir David Murray’s 30-year business empire has shut its headquarters in one of Edinburgh’s most prestigious addresses prior to being wound up with debts of more than £300 million.
Murray International Holdings (MIH) has left the Georgian office building in Charlotte Square, where it built a conglomerate backed by £900m of borrowings from Bank of Scotland before the credit crunch.
The closure follows the sale last month of its last major subsidiary, the call centre business Response.
The Glasgow-based call firm was severely hit by the loss of a major sales and support contract with Sky, which 950 people worked on, in 2012. Response employed 1,200 of the 2,000 people at MIH firms before the sale. Sir David said 95 per cent of jobs at MIH companies had been kept on.
The Murray nameplate lives on in Charlotte Square, however, in the shape of Murray Capital, the biggest company in Sir David’s private family empire after acquiring many of MIH’s assets.
The businessman said: “We are in the final throes of getting it sorted with the bank’s support and there will be very few if any major creditors at all. The most important thing is we have preserved 95 per cent of the jobs in all the companies that have moved on.
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“All the various entities are now managed individually, and the focus has shifted to private interests. Murray Capital and all the family interests will be maintained from its office, which happens to be in Charlotte Square.”
On whether the debt to the Bank of Scotland was still close to the £351m disclosed in the last accounts, Sir David said: “We will find out.
There will be a writedown for everybody, shareholders’ funds as well as the bank. It will not be a positive result for anybody other than the important thing, which is the preservation of jobs, which was crucial for the bank.”
At its peak the bank debt stood at about £900m, Sir David said last year. It was reduced by £23m in the year to June 2013.
The Response sale followed a string of disposals over the previous two years, many of them to Sir David’s private companies in “arm’s-length” transactions. Biggest among them was the unpublicised sale of the group’s original steels business in May 2012 for £14m, to a management buy-out backed by Sir David’s family interests.
Murray Capital, the family empire’s biggest private company run by his son, also named David, paid MIH £14m for Murray Estates, which owns 800 acres of potential housing land in the Central Belt.
Premier Property, the subsidiary that ran up much of the debt, has also vacated its office in Charlotte Square. It has recouped about £300m from sales over the past three years. Sir David, who sold Rangers in 2011 to Craig Whyte for £1, added: “Many of the properties were 60-40 or 50-50 ventures with the bank, it was a workout process we have done together.”
He expected the remaining assets would be disposed of by the end of the year, leaving MIH as a shell.
Sir David said reports in May of a £22m black hole in the MIH pension scheme were alarmist.
“We are putting £3.6m into the group pension scheme and we believe that should be sufficient to give benefits in excess of the Pension Protection Fund,” he said.
MIH made a £24.9m pre-tax loss on turnover of £85.6m in 2012-13.
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Writing in the last published accounts Sir David highlighted the asset disposals and debt reduction as a “significant and a very credible performance” in a difficult market.
However the board and shareholders admitted bank indebtedness and the pension liability cast “significant doubt upon the company’s ability to continue as a going concern”.
Surely any money recovered from Craigy Bhoy would go to Oldco creditors. After all, an internal inquiry found he had nothing to do with Sevco?
WEST END OF EAST END on 25TH NOVEMBER 2015 3:18 PM
– See more at: http://www.celticquicknews.co.uk/broony-lewis-fraud-or-not-establishing-locus/comment-page-2/#comment-2725061
Lol, I did see that and thought it ironic at the time mind you, lol.
Awe Naw – I’ve been awenawed.
Saint Stivs
I thought that too, they prob. Pull the old Skype lark on that question, you know the old, we did meet yes but not all at the one time.
awe naw, ive been awe nawwed , an awe
Re. King’s visit to Hampden. He’ll have been meeting Ogilvie and Regan to ‘get their story straight’.
Lots coming up in courts and its in the interest of both parties to put on a united front (nothing new there!)
It’s called circling the wagons,,
I’m wondering maybe he up to see if the SFA are paying the court costs?
Celtic foundation bucket collection on 5th December,bring your change:-)
http://www.celticfc.net/news/9532
HH
AN TEARMANN on 25TH NOVEMBER 2015 3:37 PM
Celtic foundation bucket collection on 5th December,bring your change:-)
http://www.celticfc.net/news/9532
:-))))))
HH
Dena
how are ye? you travelling over for our game tomorrow night?,if so pop in :-) usual place and suspects :-)
be in after 5
:-)
HH
we didnt really meet, well other than the loving cup ceremonys, and the armed forces days, and the sectarian singing in the san siro, and at sir davids.
Maybe Dave was looking for advice on finding the right person to sell his interests in THEM to.
Came across this crackin article from kerrydale st on the origins of our club
http://kerrydalestreet.co.uk/topic/8221317/1/
:-)
HH
Ajax are top of their league having scored the most goals in the league. They have only let 7 goals in for the season so far. So our opponent has a free scoring forward line and a tight defence. Whereas Celtic have a similar defence, and a similar scoring record. Fill in the blanks”
Rebus,
What do I win?? :)
HH
Maybe the King man, up to ask how much the weekly rent is at Hampden?
No Broonie no Joe Hanson no Bitton no worries Ive looked my boots out, apparently we might not see Broonie on the park again this season but Charlie Muldini is back. Well the rest of this season is going to be interesting.H.H.
Geordie Munroe @ 3:56
An excellent response. I have little respect for those who feel they know more than PROFESSIONAL Managers but I have none at all for those who use the same tired, unimaginative language for Celtic`s performances.
JJ
Cynthia Robinson R.I.P
All the squares, go home!
Aaaaah, yeah!!!
[Trumpets]
[Listen to the basses:]
Dum-dumm du-du-du-du-du-dum-dumm
Du-du-du-du-du-dum-dumm – du-du-du-du-du-dum-dumm
[All:] Dance to the Music, Dance to the Music
HH
An Tearmann
Enjoyed that mate. Good find.
“For many people, the real value and meaning of being a supporter of Celtic goes far beyond the football pitch”
TAL
JJ,
Ah there you are.
I thought the outbreak of footy chat was down to your absence :))
HH
Ps cheers
To me Scott Brown is the Enforcer on the park, the Team Driver if you like, the guy that keeps everybody else on their toes during games. I don’t think we’ve cover for that position, all the rest are too light weight imo. Charlie Mulgrew, Michael Lustig or Kris Commons, could maybe cover for him but as we know they are all injury prone.
Barry Robson in his time at Celtic Park was similar to Broonie, but he’s too old now otherwise it would have been worthwhile bringing him in as cover in January. Ronnie needs to be looking now to see who we can bring in, we can’t just sit back and wait and see what happens, that would be asking for trouble. This is another big test for Ronnie, hope he passes.
I think a shake up of the midfield due to injury/suspension could be exactly what’s needed. I’m always a bit of an optimist in the lead up to a big game but I’m really looking forward to this one. I hope Ronny pulls it out the bag. One things for sure, the team will have a bit more pace about it.
If the Seive keep it together we could be in for another special night. Intae thum.
This might be the time for Armstrong to stand and deliver as for me he hasnt looked Celtic class but sometimes adversity flings up a new hero maybe this is his time to come good. I would like to see Efe also being given a chance in midfield.H.H.
AN TEARMANN on 25TH NOVEMBER 2015 3:47 PM
Dena
how are ye? you travelling over for our game tomorrow night?,if so pop in :-) usual place and suspects :-)
be in after 5
:-)
HH
I am …………..weather permitting………..see you there
HH
Herbo
Thanks :-),was trying to find out bout Ned Mc Ginn and his letter to the pope in the early years of our clubs formation.its on the end page(5) of that same article,but as per with Celtic I am easily led down a different historical route:-)).You should have a look its funny,
Dena
catch you then :-) safe journey,think Sipsini,MickTT and BT will be in about too :-)
hail hail to you both
have a good night Tims and nae crabbitness if sumdi beats yir bookie line hehe
HH
Rock Tree Bhoy 4.26
Every team that wants to win anything needs an enforcer.
If Broonie is out until March maybe we could get one in during the transfer window but I’m not sure I could identify one playing in Scottish football.
Anyone any suggestions?
An Tearmann on 25th November 2015 4:46 pm
HH
An Tearmann
Haha. Magnificent.
If we win the treble Im getting a T-Shirt printed.
“WE’VE WON THE 3 CUPS YOUR HOLINESS”
Ned McGinn
:-)
Turns out ole Craig Whyte was just a Billyionaire.
I just dropped in to say Hi !
HaHaHaHa
Auldheid,
I think Mcginn of Hibs is worth a look at.
I’ve mentioned to idea in the past but it was always pooh poohed by the likes of bada ;))
HH
midfield enforcer –
paddy mccourt
Auldheid-Not being smart after the fact, because he is playing well for Hibs now, I posted last season John McGinn was worth a punt.Could have been one worth nurturing into SBs position. HH
GM-ditto
midfield enforcer –
Davie Hay
Harry Callahan was the best enforcer