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‘Asian money for Ibrox’ and Chinese whispers

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The Sun today presented the latest instalment of the ‘money from Asia heading to Ibrox’ story, with a figure of £20m quoted.  This has been kicking around all season and my information is there is that potential investors with cash took a look as far back as October.

The problems at Newco are clear, documented in their accounts, and by Dave King at their AGM.  The club’s annual losses run to eight figures, the liabilities of various litigation defeats could easily top £10m, it is heavily dependent on shareholder loans and the principle shareholder, Dave King, will not fund beyond this season.

What was missing from The Sun piece was specifics.  If your information amounts to “a mystery Asian investor and a Hong Kong-based backer”, you don’t have enough to substantiate the story.  Forgive the pun, but this sounds like Chinese whispers.  “£20m”, “Hong Kong”, “Asian” is all a bit generic.  If they had even given us something like, ‘A fan, originally from Paisley, who made his money in the Far East’ I would have thought their information was possibly on a par with mine.

£20m could well be the figure to plug the immediate shortfall.  I expect the globe has been searched for a funder to take advantage of this unique opportunity.  That we are four months on from the AGM and still working on hearsay is an indication of just how unique an investment this is.

Due diligence will be a problem, as we discussed last month, Newco have run out of road when it comes to Uefa Financial Fair Play regulations.  New money can pay for old debts, or failed legal cases, but it cannot fund football operations.  And who wants to pay for King’s hubris?

King looks increasingly like a motivated seller, maybe his old pal, David Murray, can give him some advice on how to find worthy buyer for an iconic football club?  If you know of anyone, drop the club a line using commercial@…..

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269 Comments

  1. In my industry (aviation), people have already been told to use up paid leave; take pay cuts; go on unpaid leave; come of rosters etc

     

     

    Football players will lose wages if we shut down, no income no wages

  2. Southside

     

    Believe it or not Mrs Gene has sent me out on the very same premise to b&q this afternoon to buy paint for the living room and kitchen.

  3. Southside & Gene – The wife asked me to pop along to Tesco on my lunch break and pick up a packet of pasta and a packet of rice, people were running about buying loads of loo roll, no pasta and rice Left, so I had to think on my feet…. Mmmm I thought 💭 if this is panic buying I better stock up….. 4 cases of Tennents Lager in trolley🍺🍺🍺🍺🍺🍺 . Booooom . Stocked and ready.

     

     

    I am currently up the stair as Mrs David66 is not talking to me. Win win situation😂

     

     

    D. :)

  4. In all seriousness, why is the BBC sports page league table wrong. It shows Rangers as having 70 points, when they have 67?

  5. In the last two days, Sevco have gone from 17/10 out to 21/10 against us on Sunday.

     

    Hmm…

  6. WEDNESDAY 11TH MAY 1981

     

     

     

    I received a large amount of birthday cards today. Some from people I do not know. In particular a Mass bouquet with fifty Masses on it from Mrs Burns from Sevastopol Street. We all know of her, she never forgets us and we shan’t forget her, bless her dear heart.

     

     

    I also received a card from reporter Brendan O Cathaoir, which indeed was thoughtful. I received a letter from a friend, and from a student in America whom I don’t know, but again it’s good to know that people are thinking of you. There were some smuggled letters as well from my friends and comrades.

     

     

    I am the same weight today and have no complaints medically. Now and again I am struck by the natural desire to eat but the desire to see an end to my comrades’ plight and the liberation of my people is overwhelmingly greater.

     

     

    The doctor will be taking a blood test tomorrow. It seems that Dr Ross has disappeared and Dr Emerson is back…

     

     

    Again, there has been nothing outstanding today except that I took a bath this morning. I have also been thinking of my family and hoping that they are not suffering too much.

     

     

    I was trying to piece together a quote from James Connolly today which I’m ashamed that I did not succeed in doing but I’ll paraphrase the meagre few lines I can remember.

     

     

    They go something like this: a man who is bubbling over with enthusiasm (or patriotism) for his country, who walks through the streets among his people, their degradation, poverty, and suffering, and who (for want of the right words) does nothing, is, in my mind, a fraud; for Ireland distinct from its people is but a mass of chemical elements.

     

     

    Perhaps the stark poverty of Dublin in 1913 does not exist today, but then again, in modern day comparison to living standards in other places through the world, it could indeed be said to be the same if not worse both North and South. Indeed, one thing has not changed, that is the economic, cultural and physical oppression of the same Irish people…

     

     

    Even should there not be 100,000 unemployed in the North, their pittance of a wage would look shame in the company of those whose wage and profit is enormous, the privileged and capitalist class who sleep upon the people’s wounds, and sweat, and toils.

     

     

    Total equality and fraternity cannot and never will be gained whilst these parasites dominate and rule the lives of a nation. There is no equality in a society that stands upon the economic and political bog if only the strongest make it good or survive. Compare the lives, comforts, habits, wealth of all those political conmen (who allegedly are concerned for us, the people) with that of the wretchedly deprived and oppressed.

     

     

    Compare it in any decade in history, compare it tomorrow, in the future, and it will mock you. Yet our perennial blindness continues. There are no luxuries in the H-Blocks. But there is true concern for the Irish people.

  7. I think the Leverkusen manager has a legitimate point when he says closed door games undermine the integrity of the competition.

     

     

    Sevco obviously have a sporting advantage in playing the first leg in front of their support while the second leg goes behind closed doors.

     

     

    It’s particularly pronounced in two legged European competition but it can also undermine the league.

     

     

    St Mirren play Hearts tonight in front of their support while a few weeks down the line we could see Tynecastle closed for the visit of St. mirren.

     

     

    I’d like to see the termination of the league season and awards given as you stand rather than go down the route of closed stadia.

     

     

    It’s the least unfair option.

  8. An Dun

     

     

    “Sevco obviously have a sporting advantage in playing the first leg in front of their support while the second leg goes behind closed doors.”

     

     

    Good point.

  9. BHOYLO83 on 11TH MARCH 2020 4:41 PM

     

    Anyone else surprised that Sunday’s match is still going ahead as planned?

     

    _______

     

    I just caught a few minutes of channel four news and I’m sure they said the government might be looking at restricting crowd events (or words to that effect) at tomorrow’s cobra meetings. Could well be enforced for Sunday, perhaps.

  10. Description

     

    How to bid

     

    Auction Details

     

    Terms and Conditions

     

    STEVIE CHALMERS OF CELTIC F.C. – THE PLAYER’S SIX MEDALS AWARDED DURING THE 1966/67 SEASON,

     

    comprising the League Cup, the Glasgow Cup, the Scottish Cup, the Scottish First Division, the European Cup winners’, and the 1966/67 Season Commemorative medals

     

     

    CHALMERS’ SCOTTISH LEAGUE CUP MEDAL, the obverse with central shield shaped plaque with red enamel lion rampant motif, within blue enamel border inscribed ‘Scottish Football League’, the reverse inscribed ‘Winner Season 1966-67, T.S. Chalmers Substitute’, 37mm high including bale, maker JWB, in nine carat gold, 8.6g

     

     

    CHALMERS’ GLASGOW CUP WINNERS MEDAL, the obverse with central enamelled shield shaped plaque below thistle motif, within enamelled border inscribed ‘Glasgow Cup Glasgow Football Association’, the reverse inscribed ‘Celtic F.C. 1966-67 S. Chalmers’, 34mm high, maker JWB, in nine carat gold, 10g

     

     

    CHALMERS’ SCOTTISH CUP WINNERS MEDAL, the obverse inscribed ‘Scottish Football Association’ in blue enamel border around central oval depicting a lion rampant motif in relief, beneath a thistle motif, the reverse inscribed ‘Winners Scottish Cup 1966-67.’, 39mm high, maker RH, in nine carat gold, 14.4g

     

     

    CHALMERS’ SCOTTISH FIRST DIVISION WINNERS MEDAL, the obverse with central shield shaped plaque with red enamelled lion rampant motif, surrounded by enamelled thistle motifs and blue enamel border inscribed ‘Scottish Football League Championship’, the reverse inscribed ‘First Division 1966-67′, 44mm high, maker JWB, in nine carat gold, 14.5g

     

     

    CHALMERS’ EUROPEAN CUP WINNERS MEDAL, the obverse with blue and burgundy enamel flag motif over a football motif in relief, inscribed ‘Coupe Des Clubs Champions Europeens’, the reverse inscribed ‘Vainqueur 1967′, 30mm high including bale, maker Peka, marked 0.750, 15.1g

     

     

    CHALMERS’ 1966/67 SEASON COMMEMORATIVE MEDAL, the obverse with enamelled four leaf clover within border inscribed ‘The Celtic Football & Athletic Coy. Ltd., 1888’, suspended from five bars detailing the teams awards from the season, with pin clip clasp to the reverse, in nine carat gold, 39mm high overall

     

     

    Note: Considered Celtic’s annus mirabilis, the 1966/67 season will forever go down as the finest in the club’s history. In this famously successful season, the team reigned victorious in every competition they entered: the Glasgow Cup, the Scottish League Cup, the Scottish Cup, the Scottish League and of course, the European Cup. In the process, the Scottish side scored a world record total of 196 goals across all competitions. Celtic legend Stevie Chalmers (1935 – 2019) was an integral part of this team.

     

     

    The first in a season of victories, Celtic won the Scottish League Cup on 29 October 1966. The final was contested between Celtic and their Old Firm rivals, Rangers, for a third consecutive season. Celtic won 1-0 to lift the cup at Hampden Park, with Bobby Lennox scoring the only goal.

     

     

    Celtic won the Glasgow Cup one week later on 7 November 1966 at Celtic Park. Celtic had already dispatched their Old Firm rivals in the first round with an emphatic 4-0 victory at Ibrox. This was the first of three 4-0 victories on the road to the trophy, defeating Queen’s Park and then Partick in the final, Chalmers scoring the opener.

     

     

    They then went on to win the Scottish Cup on 29 April 1967. After what had been a fairly straightforward route, Celtic defeated Aberdeen 2-0 at Hampden in the final. This match achieved the record attendance of the season for Celtic F.C., with a turnout of over 126,000 fans.

     

     

    Celtic would then go on to clinch the Scottish First Division on 6 May 1967, becoming the reigning champions for a second season running. Despite Celtic’s resounding successes across other competitions (having even remained undefeated in the league bar two matches), this would go down to the wire, with them having gone toe to toe with their city rivals, Rangers F.C. It wasn’t until the penultimate game of the season that Celtic would emerge victorious, with the invaluable point secured from a 2-2 draw at Ibrox ensuring they could no longer be caught.

     

     

    Later in May, Celtic emerged the first British club to win the European Cup, doing so ‘in the heat of Lisbon’ on 25 May 1967. It was the first time Celtic had qualified for the tournament, the road to Lisbon starting with comfortable victories against F.C. Zurich (5-0 agg.) and Nantes (6-2 agg.). The quarter final in March was a more fiercely contested affair, with Celtic facing the Yugoslavian champions Vojvodina. Celtic lost the first leg away in Novi Sad (1-0), with the return leg in Glasgow being a similar affair, Vojvodina defending resolutely throughout. Celtic would level the tie on aggregate with a second half goal from Chalmers, and went on to emerge victorious when Captain Billy McNeill headed in a goal in the final minutes of the game. The first leg of the semi-finals against Czechoslovakian side Dukla Prague saw Celtic win 3-1. For the second leg, manager Jock Stein instructed the squad to play in a defensive formation, this differing from their usual attacking style. These tactics worked well for the side, securing a 0-0 draw to progress to the final.

     

     

    The final of the European Cup was contested at the Estadio Nacional in Lisbon. Things didn’t start out to plan for the Celts, as they conceded a penalty kick after Jim Craig brought down Renato Cappellini in the box within seven minutes of the game. After converting the spot kick, the Italians would revert to their typical defensive formation, which saw them play eleven men behind the ball. This was the antithesis of Celtic’s forward playing style, who then ‘went out to attack’. Of their thirty-nine shots, twenty were saved and nineteen were off target. On the 63rd minute, their perseverance would prove fruitful when Tommy Gemmell fired home for an equaliser. With minutes left to spare, the ball fell again to Gemmell who would play on Bobby Murdoch whose long range effort was resolutely fired home by Stevie Chalmers, the most important goal in the history of the club. This win cemented the legendary status of the Celtic side, the Lisbon Lions, in British footballing history. Up until this point, every winner of the European Cup since its inception in 1955 had been either Spanish, Portuguese or Italian.

     

     

    Upon their return to Glasgow, the Lisbon Lions were each presented with a unique medal commemorating the season’s successes. Together, the six represent the most significant Celtic F.C. medal group ever to come at auction, and one of the most significant in footballing history.

     

     

    The European Cup Medals of fellow footballing legends have achieved impressive auction results in the past. In 2010, George Best’s single European Cup winner’s medal from 1968 sold at auction for £156,000. In 2015, Kenny Dalglish reportedly sold his 1984 European Cup winner’s medal for £165,000.

     

     

    Condition reports indicate issues visible to the naked eye. Whilst every effort is made to provide accurate and honest condition reports, none of our staff is a professional conservator or restorer. Any condition report offered should be accepted as an indication of any obvious issues or problems or the lack of them. The condition report does not form part of any contract between McTear’s and the buyer, and all lots are offered “as is” in accordance with our Terms of Business in the printed catalogue and available on our website.

  11. The Scottish cops have insisted on the Celtic v Huns games to be played on a ( lets face it) Sunday morning.

     

    They then release the figures… Only 20 arrests.

     

     

    After the game…. Taxi drivers, bar staff and publicans, take-away staff, beat cops and most importantly A and E hospital staff are (honestly) in a living hell.

     

    These people HAVE to work.

     

     

    That the Glasgow polis have got away with sh##e for decades is a disgrace.

     

     

    Milan, Rome, San Paulo and Warsaw all have a police force who accept that they have to handle hard shifts.

     

     

    This is why I still believe Sunday’s game will be without fans….. If it’s a toss of a coin, the cops will ban fans.

     

     

    These morning kick offs cost Scotland…

     

     

    Players

     

    Money

     

    Spinsorship

     

    Fans

     

     

    Beeinmabonnetcsc

  12. ONE OF THE MOST ICONIC JERSEYS IN FOOTBALL HISTORY- PELÉ’S BRAZIL JERSEY, SWAPPED WITH CHALMERS 1966

     

     

    Lot 1894 (The Sporting Medals & Trophies Auction, 13th March 2020)

     

     

    PELÉ – HIS MATCHWORN BRAZIL INTERNATIONAL JERSEY, vs. Scotland, at Hampden Park, 25th June 1966, sewn badge to obverse, sewn No. 10 to reverse, Ceppo … read more

     

     

    https://www.mctears.co.uk/auction/lot/1894-ONE-OF-THE-MOST-ICONIC-JERSEYS-IN-FOOTBALL-HISTORY–PELS-BRAZIL-JERSEY-SWAPPED-WITH-CHALMERS-1966/?lot=157739&so=0&st=&sto=0&au=918&ef=&et=&ic=False&sd=0&pp=25&pn=7&g=-1

     

     

    PELÉ – HIS MATCHWORN BRAZIL INTERNATIONAL JERSEY,

     

    vs. Scotland, at Hampden Park, 25th June 1966, sewn badge to obverse, sewn No. 10 to reverse, Ceppo label

     

     

    Note: This first meeting of Scotland and Brazil took place just weeks before the start of the World Cup. The Scottish side had some fierce opposition, facing a strong side featuring football legends including Pelé, Jairzinho and Gerson. In the end, the friendly match ended with a very respectable 1-1 draw, Stevie Chalmers having scored for Scotland in the very first minute of the match.

     

     

    At the end of the match, everyone wanted to swap jerseys with Brazilian football legend Pelé. Pelé famously sought out Chalmers to swap shirts in what has been described as ‘one of Scottish football’s most iconic moments’. Chalmers later explained that after the match ‘Pelé just came up to me and asked if I would swap so that was nice.’ In fact, speaking in 2014, Chalmers explained that ‘It’s amazing how many people still ask about the Pelé shirt and ask if I still have it’.

     

     

    Pelé shirts have soared at auction in the past. The No 10 shirt Pelé wore in the 1970 World Cup fetched £157,750 at auction in 2002.

     

     

    Condition reports indicate issues visible to the naked eye. Whilst every effort is made to provide accurate and honest condition reports, none of our staff is a professional conservator or restorer. Any condition report offered should be accepted as an indication of any obvious issues or problems or the lack of them. The condition report does not form part of any contract between McTear’s and the buyer, and all lots are offered “as is” in accordance with our Terms of Business in the printed catalogue and available on our website.

  13. BLUEGRASS CELT

     

     

    A hunnish post.

     

     

    You’re on the wrong blog.

     

     

    Now………….go and do one!

     

     

    C’MON THE CELTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  14. ST STIVS

     

     

    Thanks for posting re the wonderful Stevie Chalmers.

     

     

    It’s been a wee while since I was this emotional about Celtic.

     

     

    Lovely memories!

  15. PHILBHOY on 11TH MARCH 2020 9:14 PM

     

    ST STIVS

     

     

     

     

     

     

    Thanks for posting re the wonderful Stevie Chalmers.

     

     

     

     

     

     

    It’s been a wee while since I was this emotional about Celtic.

     

     

     

     

     

     

    Lovely memories!

     

     

    —————

     

     

    starkly sad, but uplifting at the same time.

     

     

    the monies quoted I hope they raise that amount for the family.

     

     

    and if every reserve price is met, it will all add up to a weeks wages for aguero.

  16. i want this.

     

     

    https://www.mctears.co.uk/auction/lot/1910-STEVIE-CHALMERS-OF-CELTIC-FC—HIS-CELTIC-AWAY-JERSEY/?lot=157755&so=0&st=&sto=0&au=918&ef=&et=&ic=False&sd=0&pp=25&pn=8&g=-1

     

     

    STEVIE CHALMERS OF CELTIC F.C. – HIS CELTIC ‘AWAY’ JERSEY,

     

    sewn badge to obverse, sewn No. 7 to reverse, Umbro label, size 40

     

     

    Note: This unusual Celtic jersey, featuring a three leaf clover, was one of Celtic’s earliest ‘away’ shirts. Whilst Chalmers is most famously associated with the No. 9 jersey he wore in Lisbon, players were known to wear different numbered jerseys depending on the position they played, as this was prior to the days of a fixed squad numbering system.

     

     

    Condition reports indicate issues visible to the naked eye. Whilst every effort is made to provide accurate and honest condition reports, none of our staff is a professional conservator or restorer. Any condition report offered should be accepted as an indication of any obvious issues or problems or the lack of them. The condition report does not form part of any contract between McTear’s and the buyer, and all lots are offered “as is” in accordance with our Terms of Business in the printed catalogue and available on our website

  17. South Of Tunis on

    SAINT STIVS

     

     

    Watched that game .Atalanta are a joy to watch – they defend by attacking.

     

    Vicente Navarro was 100% visually impaired

  18. St Stivs

     

     

    Read the auction details cos I’m on the McTears list from yonks ago – heartbreaking, the only buyer should be Celtic, if I had the money I would buy the lot, including the Kokkola shirt which was when I nearly ran out of fingers counting the Celtic goals (nine), and put it on permanent display at Paradise – but I don’t have the money – Celtic do!