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 chieftains and sinead singing the foggy dew is a great tune for the train this morning
Good morning friends.
Woo-hoo and shockerooni I can report that there is no, I repeat no rain in East Kilbride. Indeed I can go further and say that the sun is shining through broken white (not grey, white) clouds.
Strange days indeed.
Good morning friends.
Woo-hoo and shockerooni I can report that there is no, I repeat no rain in East Kilbride. Indeed I can go further and say that the sun is shining through broken white (not grey, white) clouds.
Strange days indeed.
Jobo
Re Big Billy and the Quazi-Referendum .
Imagine any Celtic player , ex-player or fan having the utter audacity to vote “no” . Maybe Billy gave Eck and his motley crew time to present straightforward answers to core economic questions but got tired with prevarication, the clatter the man policy, the attack dog approach , and was simply unable to square the SNP’s untested contentions and assertions with the real world where , sadly, books do have to be balanced and bills paid. Words are all fine and dandy to get something over the line but different world thereafter…………as the GSL is currently demonstrating .
RIP Charlie Kennedy .
Top of the morning to you all from a fair and pleasant Fife, for a change.
Flaming June it ain’t been.
For those who expressed their views peacefully by demonstrating in the Gallowgate there was police kettling, brutality and arrest under the OB Act.
For this Saturday’s OrangeFest there will be police co-operation, friendliness and public-funded assistance from GCC.
I think that is wrong and have signed a petition (Approx 15,000 signatures in first day) and would urge others to consider signing.
https://www.change.org/p/labour-led-…share_petition
H.H.
Has anyone posted this?
http://glasgow.stv.tv/articles/1322117-reddit-user-uploads-square-sausage-and-salad-photo-sparking-outcry/
As a maker of square sausage I am declaring this an outrage.
Sorry for bum link to OrangeFest petition please try this one:
https://www.change.org/p/labour-led-glasgow-city-council-hold-gcc-to-account-on-orangefest-the-people-of-glasgow-say-no-more?recruiter=195910731&utm_campaign=signature_receipt_twitter_dialog&utm_medium=twitter&utm_source=share_petition
Coneybhoy
01:05 on 3 June, 2015
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
“”””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””
so wats the joke;-))
H.H.
Coneybhoy,
cos I have no friends
“”””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””
Sumbdae friend him on twatter or face thing ;-))
H.H.
coneybhoy
00:02 on 3 June, 2015
When I was referring to SF’s strategy I was talking about the peace process only.
Big Nan –
done!
Tight lines today again :)
Orders are now being taken…………………….Swordfish anyone?
davidopoulos
07:52 on 3 June, 2015
Has anyone posted this?
http://glasgow.stv.tv/articles/1322117-reddit-user-uploads-square-sausage-and-salad-photo-sparking-outcry/
As a maker of square sausage I am declaring this an outrage.
XxxxxxxxxxxxxxxxxxxxxxxxxxxxxxX
Never mind the corruption at FIFA, the corruption at the SFA, a Hun loving MSM.
This my friend is a real scandal of epic proportions .
A disgusting depiction of the beloved skwerr , smothered in SALAD and enveloped by a WARBURTONS healthy slice.
Truly truly shocking and for me the perpetrator of this abomination should feel the full force of the law!
A roll on skwerr with brown/tomato sauce is the only way to go.
Yours in disgust
Burghbhoy
Petition signed .
Why should everyone else be inconvenienced by a few bigots , GCC get a grip ( not a Masonic one ) :-))
http://www.bbc.co.uk/news/world-us-canada-32986950
Looks like the FBI have something on Blatter.
It looked fairly obvious to be fair.
LB
Big Nan @ 7.54
Sorry but I won’t be signing that petition.
Those that drafted that petition have chosen to go down the partisan route of aiming their kicks more at GCC and the Labour Party than at the abomination that will be hosted at George Square and, most importantly, visited on hundreds of other unsuspecting communities across Scotland, many of whom will not have the convenient main target of a Labour administrationin Council.
This is a petition where people are more motivated by an opportunity for political party damage than in stopping the proliferation of unwelcome parades. In short, it is an SNP vehicle, designed to be signed by SNP supporters and their “fellow travelers” and entryists. It is designed to do more damage to GCC and Labour than to Orangeism, and some of those behind this and the scurillous Thousand Flowers site actually believe the two are the same and in cahoots. Over at Ibrox, GCC is still seen as packed full of Tims, an equally paranoid viewpoint.
It will be signed by those who want to make a one sided point. It keeps the silence of the SNP on these matters (validated by their recent Sectarianism report) out of the firing line.
This petition should have been partisan, calling on our government and local authorities to reduce the number and impact of such parades and to work in common cause to that end.
That is how it should have read if its desire was truly to attack the OO parade scourge.
It will remain unsigned by me and I will find other vehicles of protest.
That is a sad indictment of the seriousness with which these matters are being taken.
Sorry
My post should have read – “This petition should have been bi-partisan”
Canny believe the the amount of nicker-twisters that are on here and elsewhere re: the Orange-fest-thingy on Saturday….?
They’ve been walking for hunners a years before we were born and….know what….they’ll be walking for hunnners a years ‘after’ we’re all gone.
Bottom line….if, ye dont like it Timmy….get back on the boat!
Dedryck -Guid luck son.
Celtic make a ‘statement’ coz their no selling the tickets…aye.
The same Celtic, who jumped into bed with the SMSM whenever they chose to lampoon the Celtic support….aye.
The huns being submarined will leave CP hauf-empty…just ask the board.
How long will they leave it before they come out wi: “We will be letting the unemployed into Celtic games as a charitable gesture.”….BS….aye.
Tom MacLaughlin – I know that you would take yer turn in the queue to kick me up and doon the blog…but…I loved it:)….get yerself back on mhan – Hail Hail
That’s it……oot. YNWA.
“So we’re all of tae Dublin in the green(FLUK THE CLIQUE:)….
Big Nan
07:54 on
3 June, 2015
Sorry for bum link to OrangeFest petition please try this one:
https://www.change.org/p/labour-led-glasgow-city-council-hold-gcc-to-account-on-orangefest-the-people-of-glasgow-say-no-more?recruiter=195910731&utm_campaign=signature_receipt_twitter_dialog&utm_medium=twitter&utm_source=share_petition
——————————————————————————————————————–
What about a petition to stop the SNP and their other hangers on – Sheridan, Clerkin etc, from commandeering George Square.
Both sets are bigots and haters – SNP hate the English and seemingly older people – the OO hate Catholics.
SNP – ” these auld b******* who voted NO are traitors, but don’t worry they will soon be dead”
Two sides of the same extreme racist/sectarian coin.
Burghbhoy
Is nothing sacred any more? What has wee Nicola got to say about this?
SFTB
‘It will be signed by those who want to make a one sided point’
——
Guilty. I’ve signed it for no other reason than I oppose such mass, public demonstrations of sectarianism.
ahh, The Oranj Ordure guff…………
…………….stinks to high heaven,
guid job Reverend Mike is guidin’ his flock!
Ive seen a couple of interviews with Blatter and he came across as someone who had the good of the game at heart. The third world countries have benefitted massivly from his work.
The FBI -US investigation is a joke.Football is a minor sport over there -what is it to do with them. This a politically motivated move with the purpose of undermining Russia s world cup. With wingeing England egging them on.
Bamboo
I think you ought to rephrase that to:
The football officials of the Third World countries have benefitted massively from his work.
Morning all.
Carlo Ancelotti says NO to a return to Milan.
Sevco have been alerted to his availability.
HH!!
SFTB
I signed it with one single aim in mind.
To try to hasten the end of formalised expressions of bigotry taking over my home city, intimidating many of its citizens and embarrassing us in front of visitors from abroad.
I’ll sign whichever party is in power in the City Chambers or Holyrood.
And I’d sign it in support of any group that was going to Be singled out for such disparagement. Catholics, Protsstants, Jews, Muslims, Yes voters, No voters…..the lot!
HH Jamesgang
Protsstants
In case you’re wondering these guys were a small splinter group that formed when the wee wee frees split from the wee frees!
Or my iPhone was taken over by an Unseen Fenian Spellchecker!!!
HH jamesgang
Rafa Benitez new manager of Real Madrid no surprise there then
Big Nan petition signed
FBI turn up in Switzland with reporters in tow leaking this and that .
Sure there will be some curruption but this investigation is not about football.
All the big sporting events will have some dodgy dealings in the background.
I think this will turn out to be part of the US war on Russia. Like fixing the oil prices etc.
Headline in the Hootsman
Dundee sign spaniard
Doesn’t exactly narrow it down much does it??
HH jamesgang
bamboo @ 9 06.
As in Dijbouti – given 10 million $ for football development – built 4 synthetic pitches and some portacabins. Labour and materials must be very expensive in Dijbouti. That done the relevant Official moved to Martinique .Apparently he has a lovely house – one of the loveliest on the island . Djibouti Voted Blatter !
davidopoulos
08:52 on 3 June, 2015
Burghbhoy
Is nothing sacred any more? What has wee Nicola got to say about this?
Exactly mate , instead of swanning about Brussels or where ever the hell she is, she should be addressing this matter as a matter of urgency.
Truly shocking
My son is 13,last week he and three of his pals,all around the same age went in Glasgow city centre,went to mcdonalds,had a walk around the shops,did what normal teenage boys do.He’s been told by me it wont be happening this weekend and told why.No arguement from him,and That is why I signed the Petition and was happy to do so,nothing political or secterian,,,just normal eveyday life disrupted by a moronic descision made by morons for morons…
My big concern about Orangefest-
Thousands of 25 stone plus fat orange bigots pounding about George square will damage the structural integrity of the secret underground tunnel that links Celtic park, the city chambers and the Vatican City.
We’ll need more state aid to rebuild it again :)
South of Tunis
I’m not saying that there is no corruption in such a huge world wide organisation I’m saying the timing of the arrests by the FBI??? are highly questionable.
Many thanks to all for their kind thoughts, words of support and offer of prayers, following my post yesterday about Olivia.
I shared an evening with her yesterday reading those posts and it was a heartwarming experience.
Far too many names to mention, but Olivia would say who is he/she, to which I replied “I don’t know who he/she is, but I do know they are lovely caring people.”
Your concern and support are hugely appreciated and we would like to thank you all again.
We have said prayers for all of you and your families.
Olivia and Philbhoy.
SFTB
“It will be signed by those who want to make a one sided point.”
Quite possibly true but not the point you think . My point in signing was that I want Glasgow to be rid of displays of Orangeism in public places. Particularly places where their (OO) presence impacts on the weekend pursuits of so many.
This might be the first time I have disagreed with one of your posts but disagree I certainly do.
JJ
burghbhoy
09:28 on 3 June, 2015
davidopoulos
08:52 on 3 June, 2015
Burghbhoy
Is nothing sacred any more? What has wee Nicola got to say about this?
Exactly mate , instead of swanning about Brussels or where ever the hell she is, she should be addressing this matter as a matter of urgency.
Truly shocking
——-
Please don’t reopen the old CQN sprouts debate!
For the record best done in the oven. Cut in half, doused in olive oil and black pepper and popped into the oven, open to the elements, for 20 mins at 180. Delish.
HH jamesgang