Tuesday’s Telegraph suggested Mike Ashley is about to increase his shareholding in newco to 29.9% via a share issue, in contravention of his agreement with the SFA on multiple ownership. This morning the club informed the stock market the Ashely’s appointee, Derek Llambias, is now chief executive.
The key passage in the Telegraph article is:
“There is no certainty of anything like unanimous approval, but many in the higher reaches of the Scottish game acknowledge that a revived Rangers, capable of resuming the Old Firm rivalry and renewing the club’s presence in Europe would make Scotland more attractive to broadcasters and league sponsors, with general benefits.”
This has almost certainly come from the same kind of club source which in another lifetime were assuring journalists that HMRC would agree to a CVA; I know for sure the SFA are far from ready to rubber-stamp an Ashley land grab.
There are a few points which, despite blanket coverage of this issue, are not getting a proper hearing:
At current trading levels, Ashley is earning around £4m p.a. from newco as their retail ‘partner’. He is also their exclusive wholesaler, so the club is worth even more to him, let’s say £5m p.a. in total.
Anyone who tells you his financial pay-off is through having newco wear his branding on a European stage is either wholly compliant in an attempt to mislead newco fans, or is simply regurgitating information handed to them by PR agents, without the wherewithal to digest the information correctly.
He’s making £5m per year and he therefore has an interest in ensuring the club continues in its current condition.
The second issue is around the legality of multiple-ownership. It is not against Uefa rules (you can simply comply by one club not competing) but does breach rules in Scotland and England. I recommend not getting too hung-up on this point. In the event he was asked to disinvest from one of his clubs, Ashley could with pull a Blue Pitch Holdings/Margarita stroke.
For all you know about those two newco investors, I could own them. It’s a paper exercise for Ashley to move his ownership beyond the reaches of oversight, and there is nothing in the rules to prevent this.
The question for the SFA, and eventually the FA, is what level of Ashley’s influence, not ownership, they are comfortable with. There are no guidelines on this point.
A further consideration is that whoever briefed the Telegraph at the start of the week is likely to have painted a scenario that without Ashley’s next bung, newco is likely to go the way of oldco. This is far from certain.
If all newco need to survive another season is circa £8m it’s not a figure beyond the realms of possibility for some of the blowhards who have been trying to disrupt Ashley’s strategy in recent months.
My hunch is that the SFA and newco’s fans will be presented with a fait accomply – it’s Ashley or bust. What is certain is that the club will be vastly more inhibited by Ashley milking it dry than with a unifying figure. He has the makings of a memorable Ibrox owner, a true heir to Sir David Murray.
Thank you to everyone who participated in our Magners ticket competition yesterday – and who donated to Mary’s Meals. The answer to the question, who do we play on 27 December, is Ross County, which proved to be trickier than I thought. Draw will be made this afternoon and winner informed thereafter.
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hamiltontim,
I fully agree with you in respect of that particular poster, he never posts anything about the club except for crap relating to other posters and so called huns. Most of his posts are cringeworthy and his constant attacks on people who work hard on behalf of the support, for no personal gain, are disgraceful.
Hope you enjoy your day at Tannadice, I’ll be with the Mandurah CSC Bhoys tonight hoping for a good result and getting a good skinful either way.
AR
Nye Bevans’ rebel soldier
05:48 on 21 December, 2014
________________________
Guid stuff Oh Ghreat Whan.
Truthfull – To the point – Nae Efffin aboot.
Mr Consistency – Hail Hail
Dundee Utd 1-2 Celtic
Kevj…….think we will win by a few if our strike force? have
got their shooting boots on,Jackie Mac will have a go at us,
should be a open game,that will suit us……..hope you and
your loved ones have a fantastic time over the festive period.
Away tae 8:00 Mass,I’m in truth a degenerate sinner,but
God loves a trier,catch you all later,be nice.
Sun 21st Dec 2014
Scott Brown
300th game for Celtic today if he plays at Tannadice
hail hail
“Even worse was Jungle Jim’s comment in support of Tony’s comment about Jeanette not being on page 3 of the CQN magazine.
A guy who I’ve witnessed sitting on his arse for 90 minutes at Parkhead ”
a)Herein lies the problem when two posters have very similar blog names. I do not recall making a page 3 comment ( although I have supported Tony D on occasion).
b)Apart from the Green Brigade, doesn`t everyone sit at Celtic Park?
Cheerio for now.I will be interested to discover if I really am the object of this criticism.
JJ
Nye Bevans’ rebel soldier
07:22 on 21 December, 2014
________________________
Sorry for late reply Amigo – was off oot again.
Anyway….I hope the strike force get the chances, I know you have doubts about JG or, yer jury is still out but I think he’s the real deal – will he stay? dunno? I hope so and big Scepovic looks like a sort of Alen Boksic type to me(I hope so)but, the charlatans might be reluctant to treat the sheep to a quality strike force, enhancing the quality of the product on the pitch dizny seem to feature very high on the charlatans list of priorities – thats one of the zillion reasons why they should be emptied – sooner the better coz, if the ‘died’ huns come back next season with all their mibbery and all else that goes with them then, I don’t think that we’re equipped at board / executive level to deal with all the sh#t that will be going down so, some uppitty-Tims widny be oot of place, but…that wulny happen it’ll be the usual, turn the ither cheek p#sh as we become the establishments punch-bags again and thats a feckin scandal.
Away off on one there :)
Aye, Jackie Mac’s been in a few trenches wi a few guid managers at the tic so, he knows how to rattle a cage or two and will be smarting from the skelping his team got the last time, eh.
Mibbery might be a factor the day?
I hope no, canny be bothered wi awe that stuff – too aul noo :)
As I said earlier I think 1-2 tae us the day – happy wi that and, like yer grand ole self, I hope the Celtic fans who travel today are focused and not, vicTIMS of focus:)
Ah, for the days when me troup and I used tae travel to all those places to see the tic, brilliant, just brilliant.
Ye know what else, strangely enough….the two trips to Tayside that I recall the most were in the early 80’s and they were two defeats in a week(memory might be playing tricks…) the first one was a Saturday and wee got cuffed 1-5 by Dundee and I think Murdo scored our goal from a penalty? no sure but….on the way home on the Celtic fans fitba special train – the basturt of a train broke doon twice at Stirling and the singing / banter / bonding of the fans during that annoyance was more defining than some of the victories that were brilliantly enjoyed obviously and, guess what? We were up in Dundee on the Wednesday night to pay Utd and got cuffed 0-3 and guess what happened next? The train broke doon again. Once before Stirling and then again when we reached Stirling!!!
Ah feckin hate Stirling.
No harm intended to the folk from Stirling – joost the place.
Enjoy mass Amigo – it’s a great place ye know.
Me?
I fell off the cross a wee while back – sorry about that.
But, as the saying goes…..”it’s never too late.”
Have a nice Christmas wi yer guid ole family
Oh Ghreat Whan – Hail Hail – Off oot, bye.
Thanks to Roy croppie for getting the blog back on track yesterday
You sir are a star
HH
A big shout to Roy Croppie for lifting this place up with his images and tunes and for reminding us that this is a Celtic Place..
Mon the Hoops..
weet weet weet(GBWO)
08:34 on 21 December, 2014
Thanks to Roy croppie for getting the blog back on track yesterday
You sir are a star
HH
______
Agreed mate.
One day Roy Croppie will be statue material…..hmmmmm.Stranger things have happened ye know.
Hail Hail
Kitalba and others,
Stunned, staggered, gutted I have made you so angry. Crushed. Never wanted to do that. Really truly sorry if you and others feel I have stunk the place out. Won’t argue, won’t be here anymore.
The flags of The Singing Detective and his
great amigo King Kojo fly high and proud on
the ole Jungle roof. Keep it lit ghuys.
Say not to….
Hun-like Cliques
Masons
Knights
and any other sneaky’s…Off oot this time, bye.
hamiltontim
03:26 on 21 December, 2014
“…We were never Glasgow Celtic….”
I had the same argument with somebody on Thursday night. The dead club may have been known as Glasgow…
We have and will always be known as Celtic FC.
Enjoy your day daftie…:)
Keep the Faith!
Hail Hail!
TootingTim
Just been reading back mate don’t see your name mentioned anywhere, did I miss something, this place wouldn’t be the same without the Tim of Tooting…
Shurley shum mishtake???
Starry
Watching Match of the Day on BBC and it seems that the old Taliban have triggered a fashion for what would once have been considered a weirdo’s beard.
Starry Plough
Old Firm place imho
HH
First things first,
What time and channel is the game ?
Awe_Naw_No_Annoni_Oan_Anaw_Noo
Some very poor days of late…
As regards the Old Firmism who am I to deny a man his rights to welcome the huns back with open arms, I’m surprised the amount of Tims in my own crew who want them back and I’m sure if the game goes ahead in February I’ll be watching too…
The game as a game died for me somewhere around the Japan/Korea world cup and in Scotland with LNS but Celtic is in my blood, a rock and a hard place kumpel:((
Reading back, f***ing tragic what’s happened to this blog.
CELTIC are keeping tabs on St Mirren and Scotland Under-21 starlet John McGinn.
Mailsport understands the 20-year-old impressed Hoops boss Ronny Deila and assistant John Collins with his performances in the Buddies’ two matches against Celtic this season.
McGinn is on a lengthy list of transfer targets for Deila — which also includes Dundee United midfielder Stuart Armstrong.
McGinn, a lifelong Hoops fan, is out of contract in the summer and will be available in January for a cut-price fee, but the midfielder is also attracting attention from a host of Championship clubs in England.
Deila admitted last week that he’s keen to add Scottish talent to his squad in January.
He said: “We’re looking at players in Scotland — it would be good for togetherness. They know the culture and the environment.”
McGinn and Armstrong. Would be delighted with that.
Just read back… Roy Croppie 00.39
Cheers for reply with picture of TB, quite apt for Tannadice today, for everybody going sing loud & proud as you all do it so well Hail Hail
(Guidetti hat-trick 16s)
Early mornin from SE Texas! Need a good Celtic song
to break up a wee bout of PTSD…….any offers.?
Make it a belter please!!
KTFC
TC45
FightingsomedemonsCSC
Morning all.
Dark, wet (very), cold and windy (VERY!!!) down here.
Any chance the game will be called off?
Don’t think the weather is to be so bad in the East ParkH
Wee warning on the Bute ferries so you must be seeing a bit of spray at your bit
Lenny, some of us are keeping the slickly oiled wheels of industry turning in the ole ‘brig. Hoping to get loused just after 12. There’s been a right few ramalamadingdongs on the ole blog lately eh?
Very unsociable hour to get oot your bed for a game! A bit of toast, coffee then put petrol in the car and off to Tannadice.
2-1 for the hoops
thecelt45
Will this do mate
http://youtu.be/P-Bu8oTtj1Y
HH
Christmas is when we think of our fellow human beings, you can see that from the blog over the past couple of days
Won’t even see game today, in London Town for weekend away. Will be relying on updates on here, when I get a chance for a sneaky peak at my mobile, or text updates from my sons. Think we may shade it although won’t be surprised if it’s a draw.
Hope Lustig is back, play him centre half beside VVD.
Family Christmas gathering today so will only catch bits of the match on TV.
3 nil prediction.
A relatively straightforward victory.
Excited about possible signings in the window.
Sign up JG, keep Virgil, sign young Martin from RD old team and maybe Anya would be absolutely ideal!!!
Some may say I’m a dreamer , but I’m not the only one!!!!
Hail Hail to all on this hallowed blog.
Hello this is WEE BGFC. Going again today
Some advice for boys attending game today.
The Ambassador Bar, on Clepington Road around 300 yards north of Dens and Tannadice is closed.
Police ordered the closure on Match days after Aberdeen casuals wrecked it last week.
Always a popular haunt with travelling bhoys.
Hello this is WEE BGFC.
Prediction:
Dundee United 0-3 Celtic
prestonpans bhoys……..drive carefully,nae drinking,nae fighting,
if you want to batter oot a reb song….knock yerself oot.
voguepunter
04:47 on 21 December, 2014
Bad night on the taxis….lost my horn…never realised how much I used it :O(
—-/——
Now trending on twitter…..
Some mad Bam rammed his taxi horn up ma jacksie cos I crossed in front of his cab. #myarseishonking
HH jamesgang
Neil canamalar Lennon hunskelper extrordinaire
12.15 hrs BT sport.
HH.
Tootingtim
You’re going nowhere amigo.
Sit yersel doon.
HH jamesgang
Hello this is WEE BGFC. Me and Dad just getting ready to go the now :)