Under the cover of coronavirus, Dave King resigned as chairman of Newco. Four months ago he said the club needed £10m before the end of the season. In his farewell statement, released last night, he noted a hoped-for round of funding “has been put on hold”. With the postponement of fixtures since last month, the funding requirement could now be as much as £20m.
The statement was unnecessarily wordy, had he got to the point, he would have said ‘The proposed funder has bailed out and so have I. You’re on your own.’
Claiming he hoped to extend his tenure as chairman until after the coronavirus crisis, but was unable to as South Africa authorities insisted he self-isolate for 14 days, insults the intelligence of even his advocates. The world is self-isolating at the moment and the rest of us have figured out how to communicate by phone or videoconference.
This football club needs tens of millions to pay the liabilities incurred to get this close to Celtic. Hopes of selling its player assets for inflated figures have disappeared from their fantasies. Ex-pats prepared to sink millions into covering previous losses do not exist.
Without Dave King menacing to get his hands on the club within days of Charles Green buying Oldco’s assets, Newco would now be solvent and competitive. Instead, Green was forced to cut ticket prices and pay Ally McCoist and his squad over the odds in order to keep the fans onside, blowing his business plan apart from the off.
The architect of this clusterstaunch has left the scene, unwilling to be held accountable for what happens next. Dave, you will be welcome to make the Paradise Windfall draw any time the South African authorities permit you to travel – but I realise you are unlikely to visit Glasgow again. When the history of our 20-in-a-row, or whatever the sequence becomes, is written, there will be a chapter dedicated to fools like you who made it possible.
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Me?
The huns are going bust, again.
HH
WTF Paul you’r too early.
H.H . MICK
Where are you Gerry?
H.H . Mick
I would like to propose a vote of thanks to the departing chairperson.
Emdy?
Morning Mick 😎 remember stay off the beaches !
Wish they would hurry up and dissapear like the team they replaced in 2012
PHILBHOY on 28TH MARCH 2020 11:46 AM
If coronavirus disney get me it will be alcoholic poisoning.
Need to review my spare time!
MELBOURNE MICK on 28TH MARCH 2020 11:47 AM
Hello again all you young rebels.
When this horrible crisis is over i’m thinking of a wee business
venture, a kind of mystery tour thingy using rickshaws, and it will
be called… HUNT A HURTING HUN.
Think i might be run off my feet 8-))
H.H . Mick
BLANTYRETIM IS PRAYING FOR THE KNOX FAMILY on 28TH MARCH 2020 11:48 AM
FOURSTONECOPY
eBay for under £20
MARSPAPA on 28TH MARCH 2020 11:48 AM
Great to see some of the old team making an appearance….. To name but a few….
Jamesgang, Ritchie, Acgr,Mwd, Vfr, Dena, Teuchtar it would be great to see them posting regular again.
Time for breakfast, went a walk at the back of 2 this morning and slept in… Absolutely starvin.
Catch yeez.
AN TEARMANN on 28TH MARCH 2020 11:53 AM
Canamalar
I read your news about your Dad.
May he rest in peace.i will say a prayer in support of you and your family at this time.
In answer to your question please stay put.
It is a difficult time for you.i would support BGFC’s post bout advice from virologists colleagues at this time.stay put.
Foreign office in meltdown as all countries change attitude to people in/out of their
country due to covid.a lot are stranded at moment,so please stay put.
I wish you well
HH
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PARK ROAD 67
Would you believe it, people turning up expecting to gather together
on the beaches today again, honestly i think they have a death wish.
Police now issuing fines, madness.
Hope you and the good lady are safe and well.
H.H . Mick
Some post that!
A quick guess
£12 m to close bros
£8-10m to Ashley
£1.2m to memorial walls
£5m to Hummel
£3m to elite sports
£10m shortfall, before the shutdown
£3.5m to cover April & May payroll
So just short of £50m to clear feet
Then we have probably
£30m share issue to takeover the club
£80m to start with
Then try to fund next season, as Gerrard wants a new squad 🤔🤔🤔
Anyone see it happening ???
Thank you PHILBHOY
Didn’t realise i wrote that much but it’s appreciated.
H.H . Mick
Me too Norrie can’t happen soon enough !!!
This came into my mind this morning and, given the lack of football, I thought I’d share it. In March ‘67 it appeared in the Celtic View, written by a fan before the semi-finals of the European Cup. To the tune of We Shall Not Be Moved.
First came plucky Zurich, here for just a day
Gemmell’s goal sulphuric sent them on their way
Then came Nantes
We put paid to their tricky taunts
With a smooth display
Out in Vojvodina, a blunder made us grieve
In our own arena we evened up through Steve
Then Billy rose to head the winner goalwards
With a mighty heave
We’re heading for the trophy for which the Champions play
Though Milan,Prague and Sofia will stand in our way
But Jinky’s there to singe Herrera’s hair
And Stein will shout Ole!
We Shall not, we shall not be moved…..
Hi again Mick , E has just reminded me it’s 3 years since we met up in Melbourne can’t believe it !
NORRIEM
Hopefully they dissapear for good this time
Watched the third series of OZARK today absolutely brilliant.
Jason Bateman outstanding actor, for everyone in lockdown
do yourself a favour and give it a view.
H.H . Mick
What’s the chance of administration, points deduction thus making us champions and the league being shut down “as is” with the SPFL having dodged the possibility of Rangers complaining that the title award was unjust?
PARK ROAD 67
3 Years, really? Not had a visitor since you were here.
Haven’t heard from BIGYINMILAN for a while and he
was due over again, just emailed him in France so hope
him and his family are good.
H.H . Mick
Geebee1978
Not sure admin will help with Close Bros owning several assets which will prevent the use of the Hovel
Read Ashley has put in place actions which will prevent Admin from costing him his money owed
Sevco 2 could be a bit away, and playing out of Hampdump
Hopefully the flies all go to watch the rugby, and give us all Peace 🙏🙏🙏
Ah… but wee Billy McStaunchface 1690 on Twitter says Dave King is the greatest modern day Ranger, a hero who saved the club
And he would know better than Timmy
WAPT 🇬🇧
MELBOURNE MICK
I know Melbourne is a big city. But do you happen to know a Stevie Marley. Been out there for about 30 years
WAPT? – We Are Pure Tossers
Company Voluntary Administration on its way soon for Sevco
PARK ROAD 67
Remember that big Aussie saying to you ” Luv that
Celtic top, don’t know much about soccer, but those
orange bassas will never march in our town ”
That’s why i will end my days here, a place where the
weemhan and even wee Grace can wear their Celtic
tops without fear of being harmed in any way.
H.H . Mick
CVA for Sevco soon?
Tim Malone
Yes, if you want 😁
ST TAMS
Don’t recognise the name but i will ask PADDYMACOZ as
he knows everyone who’s anyone.
Really incredible how many Celtic minded people are here
in Oz, Celtic really need to maximise that with more….
Fecks sake here i go again with a rant.
H.H . Mick
‘Dave, you will be welcome to make the Paradise Windfall draw any time the South African authorities permit you to ‘
####
I take it the Paradise Windfall Draw isn’t a financial activity covered by the Cold Shoulder?
https://pbs.twimg.com/media/EUMDq6UWoAA1Yse?format=jpg&name=small
smiley have your pets been behaving oddly lately thing
Braw
ERNIE LYNCH on 28TH MARCH 2020 12:32 PM
‘Dave, you will be welcome to make the Paradise Windfall draw any time the South African authorities permit you to ‘
####
I take it the Paradise Windfall Draw isn’t a financial activity covered by the Cold Shoulder?
—————————–
Maybe we could double it with a crossbar challenge ?
Marx Bros movie “Duck Soup” line……..
Groucho has just been made president of ” Freedonia”…
and the rich Posh Burd says…
” Your Excellency…its a GALA Day for you”…
Groucho replies..” A GAL A DAY is enough for me, as I couldnt handle many more ” !
HH
Dave King to do the Paradise windfall draw – only if Marspapa is unavailable. 😂
Big Jimmy
Groucho – a one of. 👍
https://pbs.twimg.com/media/EUJCEbRWsAEYgdQ?format=jpg&name=medium
smiley thank you daft Davy King thing
Braw
Big Jimmy
My wife couldn’t understand my liking for Marx bros,till she saw this…
http://www.youtube.com/watch?v=_PfhbrAxq-M
BIG JIMMY
Class.
Just catching up with some posts and seen your question
about LE PETITE MERDE, the little shit in French.
How apt was that title for him?
Wish you had caught him when he bothered your burd,
H.H . Mick
Finally, at long last, I get to publish my football obituary of Dave King. “He was a crook”, but that is only the half of it. As the guy who presided over a hate machine, he has left scars on our game which will take decades to heal.
https://thecelticblog.com/2020/03/blogs/he-was-a-crook-notes-on-the-resignation-of-dave-king-scottish-footballs-biggest-charlatan/