One of two things are going to happen:
Possibility One:
Dave King will say: “You ain’t got no problem, journos. I’m on the pot. Go back in there, chill them Bears out and wait for the £30m, which should be coming directly”.
Possibility Two:
Dave King will make some irrelevant, vacuous, comment, or make no comment at all, but he will NOT say “Chill them Bears out and wait for the £30m”, because £30m isn’t coming.
If option one happens, Newco has a future. If anything but option one happens, they have no future.
They will need £10m to keep the lights on next season in the Championship – and that’s before any ambitions to improve the football operation. Even more important than keeping the lights on, they need to find £5m to repay Ashley’s loan (yes, getting Intellectual Property off Mike Ashley is more important than staying out of administration).
That’s £15m loan or capital investment needed, on top of ticket sales and other income, to survive the next 12 months, without repaying any of the directors loans and without finding a budget for a better keeper than Cammy Bell.
If they find this money, and they win promotion next year, they will still have a deficit (even with the current player budget) in the Premiership. £30m would be gone within two years, and that’s assuming the millions needed to be spent on the stadium is forgone for a while longer.
While King was building momentum to displace the last board, he was crystal clear about the level of ambition which was a minimum requirement for Newco: compete with Celtic. He was prepared to spend his children’s inheritance, £30m, £40m, whatever it takes!
Now he’s not so verbose.
Last year he issued a statement asking “Does the [Newco] board agree it is unfair to ask fans to buy season tickets before they consider the business review?” Now he’s ‘on the throne’ we’re hearing little about the club’s plans. It’s easy running a football club when you’re criticising the guys currently doing the job, it’s a whole lot harder when it’s you who has to make the decisions.
Mike Ashley’s EGM next week may be a welcome distraction. Mike will be the bogeyman, but only for the permanently gullible (and there are lots of them). His loan is modest compared to the size of the funding gap and it was known about before King urged shareholders to back him.
That Ashley is an uncompromising lender and holder of onerous contracts is no mitigation for King. Ashley is that and more. We knew this, King knew it when he told fans he was the man to turn things around. He cannot act surprised now.
So is the £30m coming? Even if King has the money, I can’t see it, it just doesn’t make sense. Pouring £30m into a black hole, without merchandising rights for 7 years, without a realistic prospect of being competitive on the field, when the only reward is to survive long enough to pour in yet more millions, is lunacy. The dark days of 2012 will haunt Ibrox once more.
It makes more sense to let the club go to the wall, let Ashley run off with the Rangers brands, make him the bogeyman, and use your money to bid for the stadium from the insolvency practitioner. Four or five years down the line Govan United could be a top-flight team. They may even be able to cut a deal with Ashley for rights to the ‘Rangers’ name, which despite all that’s gone on, still has some cachet.
I’m pleased to read Celtic on the front foot again this morning regarding the Offensive Behaviour’ Act. I’d hoped that when the baton passed from Salmond to Sturgeon the Scottish Government’s lunge in the direction of extraordinary police powers, and laws created after curious political considerations, would end. I gather a glimpse of doubt crept in around a year ago, as immediate political realities gave the Government reason to reconsider, but all such self-doubts have since been washed away.
Get used to the Act, police with guns on our streets as a matter of course, and ambitious aims for their authority.
675 Comments- Pages:
- «
- 1
- ...
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- ...
- 18
- »
Celtic supporters against FIFA corruption.
Anti Sepp ‘Tic.
Perhaps the rainjurs think that warburton will bring a lot of dough with him.
jamesgang
19:12 on 2 June, 2015
leftclicktic
17:29 on 2 June, 2015
Went to hospital app today with bowel doc, told him I had to rush home to get blood results from docs for gout test, he just smiled click,click,click,Nahhhh you have not got gout your bloods are all good,
Ach I will just have to go to casualty and sit for 4 hrs for an xray then,”give me a look at your foot” he said ” if you want to sit for 4hrs on you go but it looks like you may have broken a small bone on top of your foot, they wont reset that and it cant be taped to another toe”
Whit dae ye suggest then doc says I.
“it’s up to you but i would just take some painkillers and wear a bigger shoe till the pain goes away”
Wish I had thought of that 2 wks ago :)))))))).
———-
And he was able to ascertain all this simply by popping a rubber-gloved index finger up yer jacksie.
Remarkable.
HH jamesgang
****
No … the doc ran had the test results this week … the ‘rubber glove’ thing was just for fun.
Throw not through.
TT
Philbhoy
Havent had the chance to read back (my apologies), but I gather your girl is having some problems. Will say a prayer tonight.
Disappointed with McNeil when he came out for No.
Guess being in the establishment with his MBE
etc he felt obliged.
And of course is entitled to his opinion.
Could have been better positioned at feyenoords winner too I felt.
Still love him tho.
Regardless
MiT
Me bad. You super bad.
Leftie super big but super nice.
Let’s hope that latter characteristic causes him to spare us!!!
HH jamesgang
Tiny Tim.
I was born before then, And I’m glad to say My best memory was being in Lisbon when we gubbed those Italians, They thought it was going to be a stroll in the Park, mind you it was a stroll in the park, but for the right team.
OneMalloy
19:18 on
2 June, 2015
NatKnow
not at all Hunbelievable he as I have said before one hurting Sevconion
HH
——————————————————-
Absolutely mate – it’s visceral.
Paul67 etal.
It’s good to hear that the Club have sold 44.000 season tickets, that must be nearing their full house status, I know Celtic Park holds 61.000 but they can’t sell that amount, they have to make allowances for the non season ticket holders and the away support, and there is another month that the stragglers can purchase a ST, if they want one. I purchased my ticket the first week they were on offer but had doubts about renewing, the thought of buying my season ticket and still a chance of that lot joining us in the Premier League gave me the shivers, happily they got gubbed by a far better team on the two days.
I’m glad that Motherwell managed to get shot of their Manager, (Can’t remember his name at the moment) But he went too that other team (That, I also can’t remember) no wonder, they have had 4 different names in the two and a half years since Liquidation came about, I’m glad they are suffering now, never went to another game against them after the Minister booked 9 Celts at Ibrox, (can’t remember that pr*cks name either),Thank god my memory has gone bye-byes, ach well that’s what happens when you get into the dotage years.
Would have loved to have bought a few newspapers in the last few days just to see what was written in them, I can’t see them speaking the truth,That would be a habit that would be hard to break as they will still carry on with their love affair with them’s, (Still can’t remember their name), I watched the actual game, probably the best comedy show I’ve seen in years, well there wasn’t much football played but Plenty of laughs during the game, and better laughs after the game, I see that they are going to hold an enquiry about said game, even money, the Motherwell lad who pushed Monster Moshni will receive the bigger ban, well they won’t ban Moshni as he has disappeared from the scene of the crime.
The Memories of that game at the weekend will last until the start of the Qualifiers in about five weeks time, I feel that we have a good chance of competing in the Qualifiers better this season than last and think we pass the test, Ronni never had a hope in hells chance of qualifying last season, he never had time to get the team ready for those games, After the last game against the Polish team Legia I had my doubts that Ronni was the right man for the job,but the team has certainly improved beyond reckognition in the past few months and it’s got me excited for the season ahead. At least we wont have to worry about bad refereeing as the men in black will come from a foreign land, thank god for that.
Nice to hear that Blatter has gone, I know it would be a miracle, but I hope the corrupt SFA will follow suit.Better close now as it’s getting a bit sore on my arthritic fingers.
I’ll be in the Blane Valley around 2.00pm on Friday, if you fancy a drinking session. first post for a while??.
Tictaewin,
Character assignation of one of our greatest is sad.
Love u 2.
HH.
tictaewin
19:22 on
2 June, 2015
Disappointed with McNeil when he came out for No.
Guess being in the establishment with his MBE
etc he felt obliged.
And of course is entitled to his opinion.
Could have been better positioned at feyenoords winner too I felt.
Still love him tho.
Regardless
—————————–
Very poor.
Hope to see you for a swifty on Friday youngster.
HH jamesgang
Jamesgang ….
How big are we talking? And ya couldn’t have told me that before I was cheeky to him?!
someone mentioned that you were bigger than me (I’m about 6’3″ and 16 stones in old money), so if you are bigger than me, and he is super big…. he must be a big bhoy!
Left …. just joking, pal!!!!!!!!
I am going to have to get over to the CQN corner soon …. if only so I can put a face to the blog names, and then I’ll remember who the really big CQN’er are, so that I dont get in trouble on here!
Richie.
Thanks for that post re the Largo Law, My memory isn’t working very well but that owner looks like the same guy we sold the boat too. I’d love to see if I can arrange a visit over to Charlestown in Fife.
Tictaewin
What’s voting in the referendum got to do with ones Celtic credentials
Irrelevant
MIKEINTORONTO
There are some ridiculously tall fellas on this site.
Not a single one with the inclination to throw their weight around,either.
Thankfully.
OT
I noticed your post re wine tasting …forgot to reply …when is it ?
tinytim,
How long have you got?
Born in 1944, the 60’s were a magical time.
A time when post War austerity was easing and parents, while not spoiling their children, certainly wanted a better life for us.
Football wise, we were in the doldrums. Had been since the Double of 53-54, except for two League Cup wins.
It was also the time of Comprehensive education and our school, St.Augustine’s, which opened in 1956 was one of the first.
But, of course, it was Rock and Roll that defined those years.
Bill Haley and the Comets caused riots in cinemas.
There was Elvis, of course, but what hooked me was the opening riff of Buddy Holly’s “That’ll be the Day”.
To this day, I still chill when I hear it.
The Everly Bros, Fats Domino, Littke Richard, etc., were producing sounds unheard of on the airways prior to that.
All popular music that followed afterwards were only variations of the original fashion that created R ‘n ‘ R.
Then there was the fashion.
Beforehand, girls dressed as mini mammys and boys like wee daddy clones.
However. No matter how well anyone can describe those times, it is not the same.
You had to have been there.
I think it is the one thing that my children are jealous off and to tell the truth, I don’t blame them!
MiT
You and are about the same.
Leftie is super tall with a Thomas Hearns build and reach! And a smile to charm the Angels!
HH jamesgang
I couldn’t care less how Billy McNeil voted, I had no idea either, all I know is that he is the greatest living Celtic player, that’s enough for me….
Oldtim67
Goid post for you ya tart. If you can wait until the summer holidays I’ll take you over to Fife and we can make a day of it.
Tictaewin
Give yourself a shake FFS. Why should Billy McNeill conform to your political stance. I doubt most Celtic fans, although I can only speak for myself, give a flying feck how our King Billy voted in the referendum.
oldtim67 –
great to see you posting again and in fine form too. Aberdour on 24 July?
A few typos above, but, hey, I’m getting on a bit!
oldtim67
19:33 on 2 June, 2015
Richie.
Thanks for that post re the Largo Law, My memory isn’t working very well but that owner looks like the same guy we sold the boat too. I’d love to see if I can arrange a visit over to Charlestown in Fife.
——
You two would likely end up in Charlston South Carolina!
Must fly.
Laters Timdom
HH jamesgang
I grew up in the 90’s. The Teenage Mutant Ninja Turtles were the only teaming in green that were any good then…
Kidding on, was great watching Tommy Burn’s team!
Good evening all.
BMCUW
What a constitution you must have. I blethered with you 7 hours ago, now you’re up for work. Reminds me of my bus driving days of doing double shifts and earning brill money. :-))) That was 40 years ago. You are a star kiddo. :-))))
Weefra HH praying to Wee Oscar.
….PFayr .
I forget, but it’s in July, I’ll have a look for the e-mail but there will be another reminder sent out before it’s on, There’s a £15 entrance fee but if you buy a case of wine, you get the entrance fee back, mind you the fee’s nothing, you will be able to drink £15 worth of tastings, I’ll probably buy a case if I taste a good wine.
braw ……Oldtim67 and thomthethim for Oscar OK…..
bit of sanity back on the blog ….it is certainly a braw time now to be a Celtic supporter ….there are many close to us all that would have loved to see it …..and still widnae believe it ..
hoopy days ……
braw
Football fans not criminals.
FAC have arranged a public meeting in St Anne’s Primary school next Wednesday the 10th June at 7pm. There will be an opportunity to hear accounts from some of those who have fallen victim of the OBAF Act as well as speeches from
Tinytim
I was born in 1954.
Celtic won the double that year, but I have no recollection of it!
The following 11 years were rather barren apart from 1957 but I have no recollection of that either.
Then 1965 came along.
Well, we all know what happened then.
HH!!
HT / Oldtim
Don’t you 2 dare come to my neck of the woods and not stay over at mine.
(:-)
TT
WEEFRATHETIM
Sleep isnae a problem,bud.
I catch up at weekends. On the train home,haha!
Good meal wi D?
I was born 1946. Thank feck I’m one of the younger auld wans on here. Ok, maybe not by much. KTF.
Weefra HH praying to Wee Oscar.
……others.
St Anne’s sits on the corner of Crownpoint Rd and Fielden St and is a matter of minutes from Parkhead.
If you can make the effort to be there then please take the time and support those opposing this oppressive piece of legislation.
TT
Have you a tent? :-)
Jobo Baldie.
I’ll be over for a few hours, if I find out where they’re dropping off the beer I’ll see you at that hole.
I’m bringing over the trophies on the day, BT and I will have a pub crawl, three times round the three bars in the village, if anyone knows that there are more than three bars let me know it would make it more interesting.