This is our second CQN TV stint where Glasgow’s hottest model and TV presenter Nicole and social media masters’ student, Suzie, ask me about the season ahead Celtic and our Champions League chances. I also get a great question about the Generation of Domination, which I’ve not written much about here recently, but you’d better believe it’s coming.
It was great fun talking about Our Celtic, hope you enjoy it.
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Carlos Bocanegra Wants To Be An Explorer
Sevco Scotland Ltd’s application should not be even considered until they can verify that they are a viable entity.
That is the whole point of the rules.
We don’t want financial liabilities in the game, especially not very large ones.
Given the utter shambles that has ensued from RFC(ia)’s demise, the administrators should be especially vigilant in ensuring that applicants are viable business entities. Breaking every rule in the book is not only selling out every association member, need I remind you that Sevco Scotland Ltd isn’t a member, but is actually increasing the likelihood that we will be right back in this same mess again very, very soon.
No, our associations should be insisting that the new applicant has verifiable evidence that their business is not going to experience another administration event. And that evidence should be thoroughly investigated to ensure that we are not being ‘duped’.
Given the array of liabilities associated with the aftermath of the “Great Demise”, can CG provide such guarantees? His rather brief history is not exactly aglow with financial wizardry. Indeed, any sensible businessman considering going into partnership with CG would take one look at walk away.
… take one look AND walk away.
Mwd
Twitteratay!!!
TWATeratty more like
with jobo being on holiday I’ll remind you all it is raining heavily in Glasgow..
Morning,
Hibs fans telling it like it is.
“We believe that the new Rangers – if they
can satisfy the usual
standards demanded for SFA membership
– should start in the
Third Division.
“We welcomed the “no” vote passed by the
SPL clubs, including our own club, but we
have watched with dismay as the SPL clubs
have stood silently on the sidelines as their
own chief executive – with the help and
approval of a now entirely discredited SFA – has tried to bully and threaten lower
division clubs into submission.
“Not only do we find the tactics used by Neil
Doncaster and Stewart Regan abhorrent, we
also take issue with the doomsday scenarios
they have offered as evidence. “While television money and corporate
sponsorship are undoubtedly important we do not believe that all of them would vanish if the Rangers newco was not guaranteed a
place in the SPL within 12 months.
“This, however, is an issue that should go
beyond finances.
“It is essential that Hibernian – like all clubs – are part of a fair and equitable league
structure with governing bodies that are consistent and reasonable in their treatment of all clubs.
“We do not believe that is currently the case
and we would call on all SPL clubs – including our own – to address the damage being done to the game by Neil Doncaster and Stewart Regan.”
Hibs would also like UEFA and FIFA to take
notice of what is going on in Scottish football.
The fans’ statement added: “We would also
hope that the European and global footballing authorities are watching these
developments with interest and will move to censure the Scottish governing bodies.”
They also stated it was a disgrace rangers were being allowed to pursue players while having football debt.
Mea Culpa on 9 July, 2012 at 07:26 said:
Exactly, have the SFA published the details that confirm the ‘fit and proper’ tests have been passed by Sevco Scotland?
I don’t believe they have and without this particular detail it would be absolute folly to vote on their inclusion in the SFL.
Morning all from a dreich North Ayrshire. The jet stream seems to be in full spate.
Is this the start of thems’ last week? Let’s hope the SFL chairmen call a halt to the nonsense dreamed up by Ogilvie and his cronies to bring them back in any shape or form.
FarfromparanoidtimCSC.
Why don’t we make an application for entry to the SFA.?
CQN LIONS and we take all the Celtic young guns on loan
and give them competitive football in the absence of reserve football.
Get some cracking strips designed and have a CQN share scheme with
everything of importance put to the vote on here.
In house lawyers, accountants and one or two managers.
Only draw back is the split loyalties when we reach the Scottish cup final and we are up against the Celtic.
Thursday 5 July 2012
Debt-free Celtic attracted fund manager investment
THE City fund manager whose firm is the biggest institutional investor in Celtic Football Club said he would never have invested in the club if it had Rangers-style debt levels.
Nick Train, co-founder of London-based funds boutique Lindsell Train, has spent five years building a 5.2% stake in Celtic’s ordinary shares, and the house has also bought some preference shares issued by the club for its portfolios.
He told The Herald: “We would never have invested in Celtic if it had had the sort of debt one knew was in Rangers.
“We met the management and we understood that the balance sheet was effectively debt-free and the philosophy of the major shareholder Dermot Desmond was to keep it debt free.”
Mr Train has been quietly adding to his portfolio while, on the other side of Glasgow, Rangers has plunged into administration with estimated debts of £134 million.
Former Sheffield United chief executive Charles Green and Zeus Capital have bought the business and assets of Rangers but the club in its new company structure faces a future in the lower league after opposition to its readmission by other Scottish Premier League sides.
Mr Train said of his Celtic investment: “We have made a risky investment. But we have not taken a balance sheet risk as well.”
Lindsell Train took its stake in Celtic, which only constitutes a tiny proportion of the funds he manages, because Mr Train believes the development of new media platforms could massively widen the audience for sports and push up the value of sports franchises.
He noted the recent purchase of the LA Dodgers baseball club for $2 billion (£1.3bn) by a group of investors including legendary former player “Magic” Johnson.
That was the largest transaction yet for a professional sports club.
He also highlighted the £731m takeover of Arsenal football club by American businessman Stan Kroenke and the £300m takeover of Liverpool of Fenway Sports Group.
The valuation of football clubs will come under further scrutiny in the coming weeks after Manchester United revealed plans for a $100m listing in New York. It had previously considered an initial public offering in Hong Kong or Singapore.
Mr Train, whose funds include the £215m Finsbury Growth & Income Trust, suggested that recent deals imply that Celtic is undervalued.
“This is a quite irreplaceable global brand. Celtic is followed worldwide as a result of the diaspora of Scottish people and Irish Catholics.
“There is a very substantial following on the East Coast of the United States.”
“If Fenway is right and Liverpool football club is worth £300m, if Stan Kroenke is right and Arsenal is worth £700m, how can Celtic be worth only £30m?
“It just seems wrong, However, maybe it will never change.”
Celtic already has links with the highest levels of the City by virtue of BT chief executive Ian Livingston’s seat on its board.
Mr Train said: “I have looked at a lot of quoted football clubs. Ninety-nine out of 100 I wouldn’t touch.”
Lindsell Train is now the fourth-largest shareholder in Celtic behind Mr Desmond, an Irish businessman, Christopher Trainer, owner of Glasgow-based advertising company Forrest Group and 6.6% shareholder James Keane, according to Reuters data.
Mr Train specialises in targeting companies that successfully manage brands and has longstanding holdings in companies including AG Barr, which produces Irn-Bru, as well as Johnnie Walker whisky owner Diageo.
He has tipped the technology and media sectors for strong growth in the coming years.
The outstanding challenges facing rangers/sevco.
Please feel free to add as I am sure I will have missed some.
1.Being liquidated
2.Civil war among “ra peepil”
3.BTC
4.Dual contracts
5.No signed off accounts
6.”Fit and proper person” test
7.Out of SPL
8.Out of Europe for 4 years
9.Have they submitted all relevant documentation in support of membership application?Does it meet requirements?
10.They have 8 players
11.250 season tickets sold.
12.Last 3 owners are all crooks and had bled them dry.
13.Vast majority of other Scottish clubs are disgusted by their behaviour.
14.Appellate Tribunal still to be re-convened
15.McCoist disrepute charge
16.Sectarian singing charge v. Kilmarnock on 18TH FEBRUARY! (great how doncaster,regan etc want league reform in 2 weeks but can’t deal with this in almost 5 months!)
17 Reported to FIFA by Rapid Vienna re Jelavic transfer.
18.Subject to criminal investigation.
19.Allegations that former employees were given EBTs long after they were employed and for questionable reasons.
20.Stadium in disrepair
21.Can’t supply 3 years of accounts.
22.THEY ARE FAST RUNNING OUT OF TIME
As said,I am sure I’ve missed some.
Please feel free to add.
In summary,I need to paraphrase my true feelings as I may violate board language rules.I believe they face some problems of a significant magnitude!
Have a great day folks
He has tipped the technology and media sectors for strong growth in the coming years.
With CELTIC FC playing in England :-))
So any talk of transfers in or out
Of paradise ?
Talk in Derry is McCourt turned down 4yr deal to stay.
oops,forgot to add their wee cash flow problem to my previous list
Whither the cash strapped scrofulous New hillbillies the day?
What happened to the ole Generation of Domination money?
On the ole Radio Shangri-La this morning Annan Athletic supremo Henry McClelland was very bullish; he said that rather than goin’ on all the time about Doomsday and Armageddon this should be seen as a great opportunity for a fresh start for football in Scotland and if Regan and Doncaster are unable of unwilling to go ahead to meet the challenge they should leave.
DBBIA,
Isn’t it about time we had the ole amortisation debate?
medtim on 9 July, 2012 at 08:35 said:
Playing players contracted to RFC Group Limited (formerly Wavetower) rather than the club?
Parkheadcumsalford- long overdue!
…over on FF they are havin’ the ole rigormortisation debate.
From English Daily Mail –
No room for cheats
Deluded: Stewart Regan
At the risk of intruding upon private grief, it would seem that demotion to the Scottish Third Division is the very least of the penalties which Rangers should expect for their sustained exercise in financial doping. However, Stewart Regan, the chief executive of the Scottish FA, is trenchantly opposed to such a punishment.
He pleads for the softer option of relegation to the Scottish First Division, apparently on the grounds that Rangers are too big to fail. Indeed, he has issued preposterous warnings of ‘Armageddon’ and ‘social unrest’ if the club should get what they truly deserve. Rangers in the Third Division, warns Mr Regan, would ‘kill the game’ in Scotland.
I suspect he is mistaken, for civilised sanctions will not kill the Scottish game. That task can safely be left to systematic cheats like Rangers. And deluded prattlers like Stewart Regan.
Read more: http://www.dailymail.co.uk/sport/article-2170260/Sir-Alex-Ferguson-spoken-Manchester-United-owners-Glazer-family-Patrick-Collins.html#ixzz206rqkX4V
Lyrcu
GOOD MORNING FELLOW TIMS
Can I draw your attention to a Kibera Celtic fundraiser this coming Sunday, Sunday July 15th. The venue is the Toll Craines pub in Govan, music is by Eirin go Bragh. It all kicks off at 4PM. The music, I am reliably informed, will go on til 8pm at the earliest (probably a lot later) Cost of ticket is 6 POUNDS. Anyone who wishes to attend can pay at the door.
Please, please support a really worthwhile cause – a cause / link officially endorsed by Glasgow Celtic football club. We are trying to get Victor Wanyama to attend but he is Germany with the squad at the moment so, as things stand, we are not sure if Victor will be able to attend.
There will be a raffle on the day so get along this coming Sunday for a great afternoon in the company of fellow Celtic fans listening to some fine music whilst raising money for a brilliant cause. A cause no doubt is close to the hearts of many Celtic fans.
Hail Hail
Roccobhoy
Dontbrattbakkinanger on 9 July, 2012 at 08:48 said:
Read somewhere online that he also stated that ratner fc were not a special case, and should be dealt with in the same way as Gretna.
We can only hope they go down the full Gretna route . . . .
Yurcl
The comedy keeps on going, thread on RM
Gers Dumped By Subbuteo
It may be just a trivial thing and not seem important but these things can be symbolic. I didn’t know subbuteo was still going, but apparently it is and we don’t have a presence on there. It’s like at glasgow airport where there is a Celtic shop but no Rangers one. That gives the impression that they are Glasgow’s main team. PR and public perception is very important
Ylurc- the full Gretna?
Maks sense tae me, and it maks sense tae Ymurph.
Hope you are all well, looking forward to catching up next season in Ybabbits.
Listened to the brief sports update from Jeff Webster on Radio Scotland that you get at the end of the 8am News.
On about the tennis etc.
No mention of football at all this morning.
Unless something changes to the contrary I think they should say at the end of these bulletins when there is no obvious football news…
“…and in football, Rangers are still f****d.”
I’ve emailed them the suggestion, but it will probably fall on deaf ears.
Lionroars- there will still be a blue team in Subbuteo.
You may however open the box and find there’s only 3 players in it ;/)
medtim
You forgot that sevco are not members of the SFA and don’t even come close to meeting the membership criteria!
Dontbrattbakkinanger on 9 July, 2012 at 09:09 said:
Lionroars- there will still be a blue team in Subbuteo.
You may however open the box and find there’s only 3 players in it ;/)
It would be very funny if oldco subbuteo sets became a collectors item thereby being of more value than the actual team
tully
” but it will probably fall on deaf ears.”
It`s the word “probably” that will cause rejection of your idea. Be more forthright.
TO ALL,
I asked yesterday and received some responses but what I am after, is the OFFICAIL rule which says that three years accounts are necessary for entry into the SFL? SFA?
Thought I would listen into brown addressing the orc’s outside i’pox…………… Oh my god!!!
Despite the police presence it would appear no arrests were made!! How come ? These Neanderthals regaled brown with follow follow and a large blast of f… The pope and the vatican!!!!
What about the promised arrests for sectarian singing?
Reinforced everything I always knew, it’s their country! No wonder it’s in such a state
lionroars67 –
Great quote. Keep them coming.
It’s like at glasgow airport where there is a Celtic shop but no Rangers one. That gives the impression that they are Glasgow’s main team. PR and public perception is very important
I’m wondering if any lurking huns could enlighten me: in what sense are Celtic not Glasgow’s main team?
Anyway I’m not sure Sevco could afford the rent at Glasgow Airport. That’s why you don’t see a Partick Thistle, Queens Park, or St Mirren shop there. But you can buy jelly and ice cream and browse quality merchandise from Scotland’s champions.
Anyway, soon Rangers merchandise will only be available from Ebay or retro football shirts specialists Toffs.
(thumbsup)
….will the Record run a story quoting the boul’ Doddsy speculating how many point the defunct klub will win Div 3 by………….?
Change the record…………
Medtim…
22 Sally is still manager….
Medtim
23 They have no bank account and little hope of securing borrowing facilities
Dontbrattbakkinanger on 9 July, 2012 at 09:02 said:
Ylurc- the full Gretna?
Maks sense tae me, and it maks sense tae Ymurph.
Hope you are all well, looking forward to catching up next season in Ybabbits.
Ydbbia –
Aye, keeping well, as well as a person can be after one of your profession sticks their finger up my jacksy! I didn’t get the concert pianist trained doc, with the slender fingers. Oh no, I had to get the former Bulgarian shot-putter, the one thrown out of their Olympic squad for steroid abuse, the one with fingers like an arthritic stevedore. A month later and I am still walking like John Wayne after a 24 hour horseback chase through the Mojave Desert.
So you not at Aberdour this year? I remember ages ago you mentioned cricket instead, but just assumed that was a little joke?
Do we know yet if our flag unfurling has been moved to the Sunday? If so, I won’t be there as it is the first day of Turra Show, and we always attend the Dog Show – meeting brothers and sisters of Starsky there this year. The Saturday was perfect, leave from Aberdour to Weegie-land, making for a much shorter drive.
Ulryc
3 years accounts anyone??? Which rule is it?
Burghbhoy – Reinforced everything I always knew, it’s their country! No wonder it’s in such a state
Don’t be such a forelock-tugging drama queen.
If it was “their” country, the rest of the SPL wouldn’t have lined up to deliver a swift kick up Sevco’s backside. But they did, and the Morlocks can hoot and howl their anthems of hate all they want – I’m sure even the most fearsome of dinosaurs snarled at the moon before extinction swept them away forever.
It’s not “their” country, it’s ours. We are champions. (thumbsup)