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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I see our new Bhoy has Pukki’s Number 20
TheLurkinTim
23:57 on
2 June, 2015
:-)
Anto…nyms….Tims.
There`s a ring to it.
Anto`s performance after half time 3-3 game agst.Killie kept Lenny`s job apparently.
If he goes,it will be with my thanks.
Coneybhoy
He stayed near me in Knightswood. Believe me, Novo was a wee cowardly number 2. ;)
Hamiltontim
23:48 on 2 June, 2015
I think the flute band is a Republican flute band but is linked to the West of Scotland Band Alliance. They are opposed to Sinn Fein’s strategy and the Good Friday agreement.
I could be wrong but I think that’s the issue.
……………………………………………………………………………….
HT,
the voice of reason…..who’d ‘ve thunk it ;-)) ta
…………………………………………………………………………
DD,
I’ll be in the BV Friday afternoon for a bit…..if not there…..we’ll c ;-))
H.H.
Lurkintim
I have an afternoon engagement in the Esquire Anniesland wi 20 odd family members. Old Tim and you will get on well. I love him. ;)
macjay1 for Neil Lennon
00:08 on 3 June, 2015
TheLurkinTim
23:57 on
2 June, 2015
:-)
Anto…nyms….Tims.
There`s a ring to it.
Anto`s performance after half time 3-3 game agst.Killie kept Lenny`s job apparently.
If he goes,it will be with my thanks.
…………………………………………………………………………………
1st half of the season he kept us amongst it…..be sorry to see him go…..but I think he carries too much baggage…..he goes with my thanks for this season ;-))
H.H.
D D
Sit on ur arse and chill out!!!
Delaneys Dunky
00:16 on 3 June, 2015
Lurkintim
I have an afternoon engagement in the Esquire Anniesland wi 20 odd family members. Old Tim and you will get on well. I love him. ;)
………………………………………………………………….
Ha, family……I expect there’ll be a fight…..good luck.
Question…..am I bringing the painkillers ;-))
Jude
Wi 6 grandweans running about in all directions instead of eating their dinner, I can never sit and chill. :))
A wee bit of hilarity afore you nod off
https://video-lhr3-1.xx.fbcdn.net/hvideo-xft1/v/t42.1790-2/11385903_1001361799888347_1995058641_n.mp4?efg=eyJybHIiOjMwMCwicmxhIjo1MTJ9&rl=300&vabr=125&oh=6c272591f4430c60c344630dcc1ca1dc&oe=556FA8BD
HH
Lurkintim
Good job that I am the best boxer in the family, and also the biggest pacifist. ;)
Right lhads,
Any of yooz play Texas Holdem? My moniker on Geaxpoker(tm) I think is AndersD….find me if u can b arsed ;-))
H.H.
Blatter has resigned
Delaneys Dunky
00:27 on 3 June, 2015
Lurkintim
Good job that I am the best boxer in the family, and also the biggest pacifist. ;)
…………………………………………………………………………..
wae the biggest DD air bags, am sure you’ll b fine ;-))
H.H.
Blatter for Sevco director of football . Heard it here first
Coneybhoy
00:34 on 3 June, 2015
Blatter has resigned
…………………………………………….
Blatter resigned 6 hrs ago…….there goes yer free to view Champions League…..who’s gonna get Sky to watch?
H.H.
Nytol
h.h.
TeT
Just wet ma pants. Thank you, just when you thought you could not laugh any harder, than I did on Sunday at 5 when I heard their result! ;)
DD
Had a wee titter masel :-)
Their pain is my joy.
Take care mi amigo, I need to depart the blog now, things to do and no time to do them, sleep is required.
HH
KTF
Mrs TET asked me to make another shameless plug for her book, and I forgot, so I will do it now when the blog is empty.
This is prob one of the funniest books you will ever read, it is superb, I have read it heaps of times and still laugh, if you have a woman in your life, treat them, brownie points are worth it, trust me on that :-)
HH
And I forgot the link, Oh Dear, no wonder I live in a cave
http://www.amazon.co.uk/s/ref=nb_sb_ss_i_1_11?url=search-alias%3Ddigital-text&field-keywords=the+monster+the+mentalpause+and+me&sprefix=the+monster%2Cundefined%2C284
HH
THE EXILED TIM
01:00 on
3 June, 2015
Tet.
Its funny, Mrs Auldheid confirms.
Thelurkintim
Took me 6 hours to think of a joke!
PS I had to deal with internet down situ with CEO and Chairman earlier so missed it. They thought I was the IT guy cos I have no friends
TeT
If I find a lady anytime soon, I will buy your good lady’s book for her.
Maybe just buy 2 for my daughters. :))
There’s been queues at the Pool of Siloam since Sunday afternoon’s celebrations.
A miracle happened as the Scottish media pundits had the mud cleared from their eyes and saw just how poor the tribute act were.
Reporter and commentator alike all suddenly came to the same conclusion that their beloved team just wasn’t good enough to compete against the 11th best side in the Premier division.
A Championship side which finished third 24 points and 40 goals poorer than the runaway winners of the division.
Remind me how many goals the champions shipped against us in our two cup meetings last season.
If you guess 7 then you will be accurate.
The expensive team they had assembled to march triumphantly through the lower regions,
from Elgin to Annan, Brechin to Berwick,
to assume their rightful place at the head of the top table, was found defective and unfit for purpose, failing miserably when faced with a Motherwell side cheaply built to merely survive in the top flight.
The so called expert observers, were forced to admit what deep down they knew all along:
The team was devoid of talent.
Incapable of applying coherent tactics.
Bereft of ideas.
Built to bully teams in the lower divisions.
Over the hill and years behind Celtic.
The MSM will take a few weeks to gather their breathe, draw a veil over the season’s failures and plan on how they can prolong the myths which maintain their circulation and jobs.
In the meantime they can only choke in our dust as we disappear into the dawn of a
Generation of Domination.
EPL payments to clubs for season just finished……….crazy numbers
http://m.premierleague.com/en-gb/news/article.020615-premier-league-payments-to-clubs-in-season-2014-15.html
TET a
Thanks for the hilarious vid.
This is I hope a momentous time to be a Celtic supporter.
All things considered. Nae Huns in the league, statement from Celtic, clearly opposing the OB act, new highly rated Centre back, Blatter gone, Old Tim renewing his ST.
All is well
Can I just be the first to say that I’m really really bored of the close season.
When’s the first game?
HH
Corruption…?
Let’s keep it (Charlie) Green and (Craig) Whyte…
http://www.youtube.com/watch?v=hmbUNF1Q4R8&sns=em
New Shoes….New (laughing) Epoch..
Etc….
Etc…
Etc…
Been off line today looking after my grandson who is a huge Tim…
Has Celtic team pic and loads of Celtic stuff all over the walls in his room…
But saw this on Uchoob …
Different slant on Sunday…still marvelous and apols if already posted
https://www.youtube.com/watch?v=RGCVQw0dzjc
One of the best days of fitba that did not directly involve us..
HH
Morning all
Bedroom golf is the way forward ;)
Bedroom Golf
1. Each player shall furnish his own equipment for play – normally one club and two balls.
2. Play on a course must be approved by the owner of the hole.
3. Unlike outdoor golf, the object is to get the club in the hole and keep the balls out.
4. For most effective play, the club should have a firm shaft. Course owners are permitted to check shaft stiffness before play begins.
5. Course owners reserve the right to restrict club length to avoid damage to the hole.
6. The object of the game is to take as many strokes as necessary until the course owner is satisfied that play is complete. Failure to do so may result in being denied permission to play the course again.
7. It is considered bad form to begin playing the hole immediately upon arrival at the course. The experienced player will normally take time to admire the entire course with special attention to well formed bunkers.
8. Players are cautioned not to mention other courses they have played, or are currently playing, to the owner of the course being played. Upset course owners have been known to damage playersequipment for this reason.
9. Players are encouraged to bring proper rain gear for their own protection.
10. Players should ensure themselves that their match has been properly scheduled, particularly when a new course is being played for the first time. Previous players have been known to become irate if they discover someone else playing on what they considered to be a private course.
11. Players should not assume a course is in shape for play at all times. Some players may be embarrassed if they find the course to be temporarily under repair. Players are advised to be extremely tactful in this situation. More advanced players will find alternative means of play when this is the case.
12. The course owner is responsible for manicuring and pruning any bush around the hole to allow for improved viewing of, alignment with, and approach to the hole.
13. Players are advised to obtain the course owners permission before attempting to play the back nine.
14. Slow play is encouraged. However, players should be prepared to proceed at a quicker pace, at least temporarily, at the course owner’s request. (Course time is four – five hours)
15. It is considered outstanding performance, time permitting, to play the same hole several times in one match.
Following the sevco shame game on jellycopter sunday
can we expect
The Polis
The Government
The media
to clamour for more powers to jail the misbehaving offenders (namely the big sevco tube)
Somehow I doubt it…..
THE EXILED TIM
23:13 on
2 June, 2015
MacJay
Rous, dearie me, I thought you would have researched him a bit more before you said he was sound.
—————————————————————————————————————–
I`m sure Rous wasn`t perfect.He may have been racist.
I`ve seen no evidence or even a suggestion that he was corrupt which,to my mind has been the curse of international football for many years and is merely a reflection of how many countries conduct their business.
T.E.T.
Sorry……..premature emanation.
Glad you agree about video referrals.
When will the MSM tell us that Boyota wishes Rangers (sic) were in the premiership
No sure if it has been shared already but this is comedy gold!
http://whatculture.com/sport/20-reasons-why-celtic-fans-are-jealous-of-rangers.php/21
LB
Apologies if already been posted …… Funny !
http://youtu.be/GRvfPmIBSto
My poor aching sides. Keep the videos coming lads I just can’t get enough. Too funny. Attaboy. When do the qualifiers start?
Good morning CQNers,
Watching the youtube posted by RWE earlier of the Motherwell supporters I was struck by the incongruous nature of the orchestrated support.
What’s happened to spontaneity these days?