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Administrators take gloves off. Motherwell face firepower

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By on CQN BLOG & Comments

I was at Fir Park on Saturday and spent the first half wondering how on earth Dundee United were bottom of the table against an abject home side. Then Motherwell scored with their only venture into the opposition final third, which told the recent story of both clubs. United, led by the evergreen Steven Fletcher, flipped the result in the second half, Motherwell were just too poor to earn a point, even at home to the team bottom of the table.

Oddly, they do better against teams above them in the league, having beaten Hearts, Hibs, St Mirren and Livingston in a recent run of form. The only points they have dropped since early February were to Kilmarnock, Newco and that loss to United.

It will all be about Celtic tomorrow. No one has left Celtic Park on domestic duty this season with as much as a point, even when the champions have an off day, they still retain the firepower and determination to win.

With several players nursing an injury, or on the path to recovery, Ange Postecoglou will have a plan to get his squad in peak condition for the Scottish Cup semi-final, a game that has towered over the fixture list for weeks. If we don’t see Reo Hatate at some point, I doubt he will have much to contribute next week.

I had some of my most confrontational issues in business as a creditor, in dispute with an administrator. An administrator’s duties is to release money for creditors. On occasion, professional fees dwarf funds raised for creditors. Creditors’ claims are dismissed, then disputed, then reluctantly accepted, before seeing pennies in the pound left over after fees are paid. The cynical creditor could be convinced he was being played.

In completely unrelated news, when administrators Tenon went bust in 2013, I shed no tears.

Elite Sports Group Ltd’s administrator, Kroll Advisory, seem like nice chaps by comparison. However, be in no doubt, the game they engaged in yesterday is to relieve Newco of millions of pounds. They have contracts between Elite and Newco, and expensive legal advice backs up their action. They have taken the decision to use creditors’ money to fund a court case against Newco, to a value initially estimated at £9.5m.

A judge yesterday ordered Newco to open their books to Kroll Advisory, allowing the administrators to fine-tune the sum they are suing for. This was a minor detail and may result in the sum being reduced. The confirmed news is that Kroll are in play (previously in doubt); Newco made no provision for this action in their accounts.

It could take months for the fine-tuning to take place, then many months for a court date. After that, parties will wait for a written decision (more months). And, of course, appeals could add another year. I reckon 2025 or 2026 before this is over. Until then, a cloud of financial doubt will hang over the club, affecting credit worthiness and investor appetite. If they were wise (I know!), they would start to make savings in order to pay a potential liability. We wouldn’t want them hit by a sudden and unaffordable bill!

All of this is unnecessary nonsense and harks back to the indecent haste Newco showed when attempting to extricate itself from deals with Mike Ashley’s Sports Direct. I regretted the day Dave King left town and will celebrate if he ever returns.

Good governance never features on a league table, but the consequence of bad governance eventually shows up on the Scottish Premiership table. On one truly fabulous occasion, it even showed up on the SFL League Two table!

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  3. Saint Stivs on

    BIGRAILROADBLUES on 21ST APRIL 2023 4:37 PM

     

    Good evening all from the Albert and Lion, Blackpool. A fine view of the shimmering Irish Sea.

     

     

    ————-

     

     

    i was on with the blackpool cousins last night, where are you watching the game tomorrow ?

  5. bigrailroadblues on

    St Stivs

     

    Going to Fleetwood v MK Dons tomorrow with Mrs BRRB. As a matter of interest are there any Tim pubs in this hun infested Town?

  13. bankiebhoy1 on

    Nothing really ever happens to the huns……………………….

     

    Scoddland’s finest just lets them print hunny munny like ..errr…errm konfetti ( shares)

     

     

    No hun will ever be told by emdy in the hun meeja that thur skint or at it………There might be the odd allusion but it’s never spelt out.

     

     

    Hampden et al hundom keeps the ( Park) Circus grotesque in motion………..

     

     

    Aye.

  14. Tom McLaughlin on

    Guy at the end who supplies Ange with the impressive stats is Martin, President of Leith CSC.

  15. call me Gerry on

    GG

     

     

    Outgunned by AT.

     

     

    Main news.

     

     

    CVS PLAYS TOMORROW

     

    ————————————————

     

    Outgunned in the abbreviated spelling stakes too, it seems… 😉

     

     

    HH

  18. Coneybhoy on

    I know this is lazy but does anyone know when the fixtures will be out post split? Very expensive flying these days if not straight in. Mammy’s grass will need a cut too😎

  19. EmeraldBee \o/ A Double Niner!! on

    Impressive answer by Ange re. Tommo Iwata. Great news for the rest of the teams we’ve still to play that Ange expects him to finish stronger than the Japanese players who came in last season after the new Year and that’s why he has played him sparingly.

     

     

    Caught a wee interview with Matt O’Riley last week where he referred to Tommo as a ‘Tank’, based on his physique and the work he does most days in the gym. More good news for the plastic hardmen frae the Sooside who don’t like it dished out, as Ally Johnston showed Lundstrom in his first game for the Tic.

     

     

    Ave Ave

  20. ‘GG on

    CMG

     

    That’s what happens when CVS text me to say my immune suppressants are available 😂

  22. Coneybhoy on

    As the league is in the bag, what positions should we be strengthening for next year?

     

     

    I think

     

     

    GK- no, punt Barkas and Bain and push up the youngsters

     

    RB – only 2 options feels light. Buy a ptoject

     

    CH – ok

     

    LB – ok

     

    CM – ok

     

    LM – ok

     

    RM – ok

     

    LW- Jota, Haksa, Mikey- ok

     

    CF- we should be ok with 2 but this is where we win CL games. Buy big

     

    RW- Forest out the pic, Abada and Maeda. Feels light. Another direct winger needed. Might be Vata

     

     

    Offload McCarthy and Ideguchi

  23. Coneybhoy on

    Enjoy GP

     

     

    Gutted I didn’t plan ahead for this one. Ticket wasted in my wallet as well

  26. BelmontBrian on

    Evening all.

     

     

    If the blog does not mind, I would like share a wee personal story.

     

     

    My intentions for this that it may bring hope, comfort and strength to those who are in a similar situation to mine.

     

     

    Apologies to those if offended, it was never my intention.

     

     

    Today the 21st of March is my 3 year anniversary of being discharged from Monklands Hospital.

     

     

    I had just received the wonderful news that I was being allowed to return home and that I was in remission from blood cancer, Acute myeloid leukaemia (AML).

     

     

    I had been diagnosed with AML four months earlier, just prior to Christmas. However, with the amazing work of the Specialist Doctors, Nurses and all the staff within Ward 16, I was able to come out cancer free. These people are special, a group of Angels, I cannot speak highly enough of our NHS.

     

     

    I am a very blessed individual and I thank God every day.

     

     

    My beautiful family, loved and supported me all the way through that tough time, as I said I am truly blessed.

     

     

    My son asked me to be his Best Man at his wedding last year, I was overjoyed.

     

     

    Prior to being diagnosed, I was a quite withdrawn person who didn’t really go out much, however I made a conscious effort to live for the day.

     

     

    It was not long after leaving hospital that, after much persuasion from that I attended a mini hoot in McChuills in Glasgow, a day that changed my life for the better.

     

     

    I have met so many new friends, friends that I consider close.

     

     

    In summing up, there is always hope, so please remain positive and thanks for allowing me the time for sharing my story

     

     

    I hope this link works, ‘Bell ringing time’.

     

     

    Thank you and Hail Hail.

     

     

    https://www.facebook.com/martin.johnston.71216/videos/10156928374786821

  27. Greenpinata on

    Coneybhoy,

     

     

    Going up early to the boozers in Merchant City to make a day of it. Just can’t get enough of the Ange journey.

     

     

    BRRB,

     

     

    In Blackpool head to the all inclusive Catholic Club on Queen St where everyone is welcome and is the home of the Blackpool Shamrock CSC. It is a brilliant venue.

     

     

    HH

  29. bankiebhoy1 on

    GG………………………

     

     

    :))))))))))))

     

     

    CVS?????

     

     

    Walgreens might have been better!

     

     

    :)

     

     

    Glad yer getting the Game.

     

     

    HH

  30. Greenpinata on

    Belmontbrian,,

     

     

    May the odds be forever in your favour.

     

     

    Pop into McChuills tomorrow if you are out and about

     

     

    HH.

  31. bankiebhoy1 on

    Belmont…..

     

     

    Thanks for your story and contribution here.

     

     

    Keep It Lit!

     

     

    HH

  33. Saint Stivs on

    Belmont Brian,

     

     

    I dont think we have ever met, but that is quite an inspirational sharing you have just done.

     

    Unless you were in one of those rabble assemblies of a friday lunchtime at the shipbank ?

     

     

    Modern Medicine and the NHS is our biggest investment and in my own personal journeys these last 4 years or so I have met Angels and Heros and the most incredibly smartest of people in all sorts of environments. Superstars all of them.

     

     

    Keep it lit.

     

    and keep on getting out there and ejoying all the ordinary moments.

  35. An Tearmann on

    DESSYBHOY on 21ST APRIL 2023 12:24 PM

     

    Deal with the here and the now not stuff further down the line, will Sevco be granted a licence to play in Europe next season considering they are being propped up by the sale of shares with a ficticious price?

     

     

    Why would any sensible business minded person burn Millions of pounds buying these if it is there own money?

     

     

    ============

     

    Sound question 👍

     

     

    Tinkles the memory Dessyhoy

     

    In that seem to recall a poster on here circa 2010/11,definitely way before 14.6.12

     

    The Q then was possible Tax and the financial fair play laws.howd that turn oot :-)

     

     

    Today you query(Cashboost & FSR)and it may well turn out the same way.

     

     

    youd think there would be more transparency after 2012 which saw every law you could think(any subject) broke and advanced institutional corruption on a massive scale.

     

    Law and rule change…nowt that is open and transparent to us who pay.

     

    ‘The Works Team’ SFA being the governing body,

     

    media helping too with no material investigation into the need for cashboosttheory.:-) and Orwellian repetition of the nonsense written.

     

    Post truth age indeed.

     

     

    Hail Hail

  36. ‘GG on

    Tomorrow is a potential title winning game.

     

    After securing 3 points, we need to turn our attention to Barry Robson’s side gaining an admittedly unlikely 3 points.

     

    Who can forget this laying down a message challenge. About 1 minute in

     

    https://youtu.be/1pKEXBaWxys

  37. Coneybhoy on

    St Stivs

     

     

    You have to park the players in a slot to assess. The versatility may stop us buying but in a nutshell, the Ayrshire Superstar needs a big replacement

  38. Saint Stivs on

    CONEYBHOY on 21ST APRIL 2023 6:46 PM

     

    St Stivs

     

     

     

     

     

     

    You have to park the players in a slot to assess. The versatility may stop us buying but in a nutshell, the Ayrshire Superstar needs a big replacement

     

     

    ————

     

     

    well put them in th epositions they play mostly. jota on the right, maeda on the left.

     

     

    I do think James will be on his way, but then again, ange might keep him.

     

     

    i do like the ange interview today, very jock stein-ish, i like the idea of breaking goal scoring records, that is what brings the most joy.

     

     

    could be a momentous day tomorrow , lets pile on the agony and put on some style

  40. Coneybhoy on

    Belmontbrian

     

     

    Massively positive story. My sister in law survived it recently and the positivity the whole family felt was palpable

     

     

    Really glad you posted that😎🍀

  42. bigrailroadblues on

    Good evening all from the New Road Inn, Blackpool.

     

    Greenpinata

     

    Thanks for info.👍

     

    BelmontBrian

     

    Great post. Ya auld drunk. 😂

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