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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Connaire 12, really hope things end well.
Saw yesterday that the SPFL have made part payment to the clubs. Think we, huns and Motherwell got £395k each, other clubs got less. On that basis it may mean that League cannot be void if this is an upfront payment on the prize money.
Why did Gary Hooper leave Celtic? What a career he could have had
Paul67 et al
Forgot all about Mahe’s quiz over on SentinelCelts, wish it could have been on both sites simul.
Connaire12
Prayers and best wishes for your cousin’s young lhad.
Currently watching all Celtic goals v huns 2007to 2017. It’s good!
Glasgowbhoy
Apparently he thought his chances of playing for England would be improved if he played there – the rest is history
Yeah, big mistake. That guy Griffiths looks promising though…
That’s a great set of highlights, magic stuff!
glasgowbhoy
Gary would have been heading for 200 goals for Celtic had he stayed,in my view.
Never quite clear why he left, read that he hoped moving back down South would help get into the England squad, it didn’t. Indeed the only tie he was in the squad, once I think, he was a Celtic player, and pulled out through injury. Could of course, like Joe Ledley, another who really could have been a Celtic great and who I believe wanted to stay, been a case of not been offered another contract. Both were good for and with us.
I wonder if the payment from SPFL is the recent investment that the huns claimed.
Some of Hooper’s finishes were absolutely brilliant, I was disappointed to see him chase an unlikely England cap tbh
Celtic Mac,yeah I understand that some of these guys might feel undervalued playing in Scotland but not sure they realise just how big a deal it is to play for Celtic. And they never play themselves into contention for England anyway.
glasgowbhoy
Joe Ledley certainly didn’t…..
Money and agents the reason they leave
Their agents are only interested in making cash for the player and themselves
BT
And Peter Lawwell 😉
Celtic Mac, ha ha, true. BT, yep, that sums it up. I just wish some could see what they have when they’re at Celtic, that old thing about how many leave for a bigger club or a better career, not many.
GLASGOWBHOY on 28TH MARCH 2020 9:10 PM
Why did Gary Hooper leave Celtic? What a career he could have had
Money,he had more chance of playing for England with us in the CL,but the pull of Norwich was too much…..a pal met Alex Neil a couple of years ago on holiday, there was speculation about him coming back, AN said he was the worst professional he ever worked with.
Bed time for Bonzo…
Gene you may be right be good to see your evidence. H H Hebcelt
Bada, that really is interesting , I see him in the old clips playing for Celtic and he looks like he would do anything to get on the end of a cross, like the Izzy cross against the Huns. Then nothing after he left us. And that’s kinda my point, it’s like they know they’ve peaked.
Bada, keep the jokes coming btw, my workmates think I’m the funny guy!
Right, seriously, bed time for Bonzo! Night all
Stolen from Facebook…. “Don’t forget the clocks spring FORWARD tonight. You don’t want to be late getting up to sit in your living room….”
Oh and for those that know me personally…. Having had a #1 hair cut every 6 weeks and with the last one being 5 weeks ago I’m rapidly approaching decision time – swept back….side shed….centre parting… ????
Jobo
Crew cut with square back
JOBO BALDIE on 28TH MARCH 2020 10:05 PM
Oh and for those that know me personally…. Having had a #1 hair cut every 6 weeks and with the last one being 5 weeks ago I’m rapidly approaching decision time – swept back….side shed….centre parting… ?
Plaits :-)))
HH
Edinburgh fringe………
Canman and Kickinthenakas….my sincerest of condolences to you both, and yer families, at this most doubly difficult time
YNWA
Perry como
Insolvency law relaxing for distressed companies.i wonder who will use that
HH
Thank you to those who posted their best different nationalities teams.
Passed a few coronavirus isolation minutes.
Hello again all you young rebels.
POG
How could i forget you and your lovely lady last year? and so
many others, i blame the rid biddy. 8-))
H.H . Mick
JOBO BALDIE on 28TH MARCH 2020 10:03 PM
Stolen from Facebook…. “Don’t forget the clocks spring FORWARD tonight. You don’t want to be late getting up to sit in your living room….”
……….
Magical the real Dr Joe.
https://m.youtube.com/watch?v=yxjX9auJe1o
Come on Charlie, you can do it.
Connaire 12…in my thoughts
AoW…called to High Cort twice…ended up jury both times…wtf….drugs then murder…wtf again…
100%Jury
Both helped me through lol
NotguiltyCSC
H.H.
Covid 19 – Pope says tax avoiders have committed “murder”
Phone ins?
‘Well, Barry, Alex, Kris, Neil we’ve got a lot of angry Gers fans calling and tweeting about this story.
What do you guys think?’
connaire 12
Thoughts with you and cousins young bhoy.