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.
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The city will be heaving with loads of people heading in to watch the CL final. Then you have this freak show on top of that
Born August 1947,
loved Tamla Motown,Temptations,Four Tops especially.
Thursday 25th May 5.30 K.O. black and white telly,my abiding memory is of a Timex Clock super-imposed on the screen as the 90 minutes came up(no extra time in those days),Bedlam on the park,bedlam in the living room as we realised what we were witnessing,
I was working nightshift starting at 9.30 that night so no time for a liquid celebration!
Worked in Parkhead Forge(Steelworks,no the Shopping Centre) as the fitter on shift i spent the night in an o/head crane in the middle of a bay regaling the rest of my shift with Celtic songs as I was the token Tim didnt go down to well with some!
The shift pattern meant you had to complete your hours by working from 4 to 8 o`clock on the friday.never made it!! me my uncle and cousin were sat in the Main Stand as the Lisbon Lions paraded the Big Cup,Magic time, that cousin passed away yesterday so a very poignant memory.
The music was the thing then I thought I should have been born black!! Blackpool was the holiday place then and the Twisted Wheel the place for R&B officionados.
HollandDozierandHollandCFC
….PFAyr, might be what Ashley will do is the more important question.
He still holds the aces.
Before King can put any plan together( if he has one) he has to deal with Ashley.
PF
Exactly. I cannot imagine they will be rubbing their collective hands at the possibility of any business from the Orange (out of ) Order mob brisk enough to outweigh the potential cost for damage and general trouble. I am very disappointed that so many still cling to these old ways.
JJ
WeefratheTim
The old body is responding well. Hahaha.
good news you’ll be fighting fit for the start of the season :-))
HH
dena29
Put yer mortgage on it kiddo. Hahaha. See you soon oor luvly one. :-))
Weefra HH praying to Wee Oscar.
Glasgowdave.
Just logged back on and saw your post ,thanks pal wanting to post more often,I’ll try and post a bit more,.A few of us are heading for the Blane Valley on Friday if your interested,starting around two until ????.
Not been on all day but this had me pissing myself laughing.
https://m.youtube.com/watch?feature=youtu.be&v=O1TxAfrmFas
Tiny Tim
Great wee question earlier and lovin’ the answers.
Good stuff bhoys.
HH
…and nice to my Submarine Sunday caught on :-)
Imagine being a hun and watching that video hahahaha!
I have no truck with the OO, mostly people who, as my Govanite mother used to say, “would drown you in a teaspoonful of water”
However, if the SNP can commandeer George Square ‘ at the drop of a hat’ and preach a message thst the over sixties who voted No, were “traitors” and “would soon be dead anyway”; the same SNP that was/is supported by a fair proportion on this forum – then how on earth can we object to another obnoxious rabble peddling their own brand of hatred and bigotry in the name of democracy.
to see my….doh
Oldtim
Drinking in the afternoon ? What will that lead to ? :-)
I will unfortunately be contributing to your obviously large pension pot on Friday, but will try and pop in for a quick one when I finish..
Always good to hear from you .and hopefully see you on Friday. That’s Orangefest eve
HH
disgusting journalism on shortbreed earlier,,,,owen coyle had boyatta at bolton on loan and said the boy was good on the ball can play any position in defence and an all round very good player.wank journo wants to know why no other club came in for him,never thought i would say this but owen coyle fairly put the wank journo in his place,well done owen.
world peace is none of your business
21:57 on
2 June, 2015
disgusting journalism on shortbreed earlier,,,,owen coyle had boyatta at bolton on loan and said the boy was good on the ball can play any position in defence and an all round very good player.wank journo wants to know why no other club came in for him,never thought i would say this but owen coyle fairly put the wank journo in his place,well done owen.
—————————-
It was Richard Wilson mate – a seriously hurting hun. Disgraceful comments. Well done to Owen Coyle for giving it to him straight.
shuggiebhoy67 @ 21 30.
Twisted Wheel.
I really liked The Twisted Wheel – great music and some mighty fine all nighters eg Doris Troy / Irma Thomas / The Mad Lads / Jimmy Cliff. Great times !
Til later bhoys
HH
Philbhoy
Thinking about u and your family.
On Blatter… Any chance the cleansing of FIFA may bring a cleansing at the SFA?
Guess not, you couldn’t cleanse that mob with a wire brush and carbolic soap!
HH
The Battered Bunnet,
Sitting in my club in Soho ( Blantyrekev knows it well) savouring your application of the wonderful word, pockle. We use it verbally but I’ve rarely seen it in text.
quonno
21:12 on
2 June, 2015
macjay1 for Neil Lennon
21:05 on
2 June, 2015
Blatter`s resignation .
Marvellous news.
Can`t wait for the revelations.
Time for E.U.F.A. to take control.
Given some of the shite we have seen come out of EUFA what reason have we to believe that Platini’s mob will be any less corrupt.
———————————————————————————————————————-
Controversy corner.
Europe is the least corrupt of the associations.
Sir Stanley Rous was probably the last sound president F.I.F.A. have had.
Joao Havelange? I don`t think so.
U.S. would also be good.They deserve to be rewarded for grasping the nettle.
And now for the introduction of video referring during games.
Hopefully.
That might just curb the untoward influence of our mib`s.
TinyTim,
I thought you were at Lisbon! I was only 14. Watched it on a tiny b/w slot TV. Slot may puzzle the younger readers. We lived in a Hun infested mining village of 3 rows. Afterwards we played the local flautists in an 11 a side match. They kicked lumps out of us!
5iar a real prospect, never thought I’d see it. Will be amazing. Hope we keep nir- would love to see him getting even better.
67 heaven. Mcturdo is one hell of a slow learner. That reads like a tim blog in parts.
The truth is finally dawning with their ‘academics’….
Apart from being totally overjoyed at Submarine Sunday over the past couple of days…..something has been nagging at the back of my mind today apropos of nothing…..it’s words with contradictory meanings e.g. clip ( put together or separate ) Just checked it out : seems they’re called Contronyms – I’ve just learned a new word ;-))
Sorry…..nup, you ain’t getting that time bak ;-))
H.H. my online Celtic family (clique)
Mr Pastry
Are you full of puff or just filo of mince? :-)
HH
CRC
TLT
The opp. of…
Syno….nyms.
macjay1 for Neil Lennon
U.S. would also be good.They deserve to be rewarded for grasping the nettle.
———————————————-
Going by the recent Washington Post report there is at least people in the US who know what’s going on here.
They’re by no means perfect but may be the best of a bad bunch. And it might shut up those tubes at Sky. Bryan ‘Bugs Bunny’ Swanson does my nut in!
macjay1 for neil lennon
22:12 on 2 June, 2015
Controversy corner?
Oh! Aye. Do you really remember Rous?
(http://www.bbc.co.uk/blogs/timvickery/2010/12/fifa.html)
“Under Rous, Europe dominated Fifa. Of the 32 games at the 1966 World Cup, 25 had European referees, who gave Pele no protection as he was kicked out of the tournament and made a hash of the quarter-finals, thereby alienating the South Americans.
Relations with Africa were strained for two reasons. Firstly, because Rous was reluctant to give them automatic World Cup qualification, using the argument that their standard of play was not high enough. But how could they improve without the chance to learn at the top level? Then there was Rous’s position in favour of apartheid South Africa. His judgement looked poor at the time but appears disastrous in hindsight.
Further nations were alienated by one of the darkest chapters in Fifa’s history: the decision to authorise the World Cup play-off match between Chile and the Soviet Union in Santiago’s National Stadium in November 1973.
General Augusto Pinochet had launched his coup in Chile on 11 September and had used the National Stadium as a concentration camp for his political opponents. Hundreds were murdered there and thousands were tortured. Two weeks before the game was due to take place, the remaining prisoners were either released or moved to other institutions and the bloodstains were hurriedly removed.
The Soviet Union quite correctly refused to play in such a venue. Staging the match in Uruguay would have been an acceptable compromise but Fifa ordered the game to go ahead and Chile eventually took the field with no opposition.
Making such a monumental humanitarian blunder would seem to indicate that Rous was some way out of his depth on the global stage. But while the British investigative journalists have gone after the Fifa of Havelange and Blatter, they have been less inclined to turn their guns on the reign of Rous, who attempted to hold the moral high ground with his holier-than-thou tone.”
Great guy, Stanley Rous.
Does any1 have a link for the highlights of Sundays game. Could do with another laugh
Serious question; did the beeb have a 45 minute highlight show for last season’s play off final??
And less serious, Stuart Regan on the beeb to complain about corruption in football tonight bwahahahaha
hughkeevinstalkssense
I think that must be a misprint, someone has added in the surname because its more likely they will sign a bunch of diddies not a didier lol
Wee thought on football corruption.
From what association did ref and linesmen come from who were the first to be founf guilty of taking excessive gifts in relation to a European competition match?
Just wondering.
Earlier poster referred to EUFA being the least corrupt.
Not much of a consolation that.
Get your Incontinence Pants looked out
“@GersNews24_7: McCoist is on his way back”
Quonno
That was another first for our MIBs
On the whole question of Blatter and FIFA corruption.
When did ever the yanks out of anything other than self interest.
The Soviets refusing to play because of human rights abuses? The irony.
BIG-CUP-WINNERS
23:07 on
2 June, 2015
Quonno
That was another first for our MIBs
That we found out about.