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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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  1. Saint Stivs on

    Connolly’s favourite discovery was a cassette tape made in 1982 by a man who knew Walfrid and made recordings discussing him. “It’s this man’s spoken memory of dealing with Walfrid in person and how he was quite a big presence, a jovial, characterful kind of person. Cards on the table, as a Celtic supporter growing up I didn’t want to find he was some kind of awful character so it was really good to hear confirmation that he had that sense of humour and was remembered fondly by his pupils.”

     

     

     

    https://www.thecelticwiki.com/books-walfrid-a-life-of-faith-community-and-football-2022/

  2. Parkheadcumsalford on

    Saint Stivs,

     

     

    I knew my granny well, as a wee boy. She died when I was about 15 or 16. She never talked to me about her life in Brigton and I never thought to ask her. She had kept a photo of Br Walfrid (the same one as the statue at Celtic Park) in what we, her grandchildren called her Treasure Chest. It contained things like Marriage Lines, Baptism and First Communion Certificates. I didn’t recognise Br Walfrid at the time. I thought it was some priest or other. After she died, the photo went to the archives of the Marists.

  9. dessybhoy on

    Eduardo dived wenger said he didnt and was touched can’t stand arteta well done Southampton

  12. ‘GG on

    Tom

     

    Our GD means that we will effectively be Champions as we are 29 goals ahead of them.

     

    They would need to score 30+ goals more than us as we lose our final 5 games.

     

    Incidentally, we have scored 102 goals, and someone said earlier we needed to score 116 to equal the record number of goals we have scored.

     

    Last 6 games to score 14 goals. Would anyone bet against us doing it?

  13. marspapa on

    DESSYBHOY on 21ST APRIL 2023 10:15 PM

     

    Eduardo dived wenger said he didnt and was touched can’t stand arteta well done Southampton

     

     

    ———————-

     

     

    Jesus for Arsenal was diving late on in desperation…. Sad.

  14. Saint Stivs on

    Celtic Football Club

     

    @CelticFC

     

    🗣️ “It’s a good challenge for us. We haven’t got too many more home games left, so we want to make sure we put on a good performance for our supporters.”

  19. GFTB on

    Petec 11.27pm

     

     

    Worth ten bob of anybody’s cash ..

     

     

    Although .. I wouldn’t mind that bet stoating on the 30th … but tomorrow would be a good start 🍀

  21. petec on

    And as we swing over and jibber jabber about Sevco/Newco/OLDFIRM FC we see a pattern Developing!!!!!

     

     

    Hopefully Tinnitus ( I had no idea how varying it is) is temporary because I will be gutted if I cannae make the Semi, Aidan will be disappointed for me but Delighted to be going.

  22. GFTB on

    Petec 11.44pm

     

     

    I try not to “Invest” much money on a Tic victory but like a wee novelty interest, I will be cheering your bet on tomorrow …

     

     

    45/1 … is actually not as daft as it looks, it will happen soon … hopefully the 30th :-)

  23. petec on

    GFTB

     

     

    You seen the Ibrokes OLD FIRM FC – My eyes urnae lying.

     

     

    Abseiling Armed Forces – WHY?

     

     

    I could drop so many Sonics.

     

     

    I just wannæ see Awesome fitba by the Bhoys.

     

     

    Europe is Really Important next Season.

  24. GFTB on

    Petec

     

     

    During the week Jobo posted all the songs sung at Killie when Celtic won the league a few years back,

     

     

    Coneybhoy asked what “Toytown” was as Jobo has it a couple of times on his list

     

     

    Coneybhoy not sure if somebody had replied but if not scroll to the the chorus :-)

     

     

    https://m.youtube.com/watch?v=WALO5tQQ1D0

  25. ‘GG on

    10 bob was enough get into the pictures or the dancing on a Saturday night and still have plenty left for bus fare all week

  30. GFTB on

    GG 12.31am

     

     

    :-)

     

     

    She is a lucky ghirl to still have her old man :-)

     

     

    FFS … my daughter is 14 no way I will be about when she is 52 … 🍀

     

     

    Enjoy watching the hoops tomorrow glad you’ve got the game on tic tv 👍

  31. TheLurkinTim on

    GFTB…cannae b leave am commentin on nonsense….you will see her from hell ;-))

     

     

    Belated Hoppy Birthday Philbhoy…I hope yer still alive ya auld basturd 😂

     

     

    Murdeewell…I see a penalty being given that makes no sense…so optin for 4-1

     

     

    H.H.

  32. GFTB on

    TLT 1.22am

     

     

    Was hoping somebody would post so my moniker wasn’t last … but trust you to jump in :-)

     

     

    Canny see Van Veen getting s sniff never mind a penalty … although big Joe would save it

     

     

    Celtic 2-0

     

     

    Keep our powder dry for next Sunday then it’s

     

     

     

    goals goals goals … Petecs 4.5+ in the first half

     

     

    A Bhoy can dream 🍀

  33. TheLurkinTim on

    Glad to help 😂 Aye, get to bed…let the moonhowlin free for the Mod ;-))

     

     

    H.H.

  34. GFTB on

    TLT 1.36pm

     

     

    Am away to ma kip …

     

     

    My days of moderation required are well gone

     

     

    (I think) 🍀

     

     

    Anyhow you better get that moniker changed to

     

     

    The Posting Tim :-)

  36. TheLurkinTim on

    Gerry you’re a good Mhan….Vulcan again is not am impossibly;-))

     

     

    Live long n Prosper

     

     

    H.H.

  40. TheLurkinTim on

    ‘GG suffice to say…you are my commentary reality… sometimes….Honours to your House ;-))

     

     

    H.H.

  41. TheLurkinTim on

    Ka Pla…to b sure that dissonant nonsense means somethin to someone…:-))

     

     

    H.H.

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