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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It’s an absolute outrage that an event as big as Orangefest is not being held at Celtic Park.
Lawwell must go. Sack the board!
LB
bamboo
09:35 on 3 June, 2015
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.
###
Was the timing not dictated by the suspects all being in one place at one time thereby makig their simultaneous arrests easier?
olivia and philbhoy
xxxxxxxxxxxxxxxxxxxxxxxxxxx
;-)
HH jamesgang
PS yon are kisses by the way. Not barbed wire!!
On a serious note.
Anyone heard about the links to Michał Żyro from Legia Warsaw signing for Celtic?
I would be very happy if this was the case. Wolves interested too.
LB
the glorious balance sheet
09:34 on
3 June, 2015
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 :)
_________________________________________________
What about their male counterparts?
philbhoy & Olivia
Mini BT is same age as you Olivia, she is everything to me, just like you are to your dad.
Take care and god bless…
Livi
I know nothing but would be chuffed.
BT
Size-ist and hilarious at one and the same time!
Laters Timdom
HH jamesgang
jamesgang
You are always chuffed! Happiest man on the blog since still laughin Kojo flounced.
LB
BT @ 9:42
0:-))))
exiled tim
01:01 on 3 June, 2015
Hahahahahahaha…
olivia and philbhoy
Just caught up with your posts late last night mate , hope everything works out ok .
Will keep you all in my prayers .
Jamesgang
Brussel sprouts ?
Food of the devil mate, them and butter. No matter what u do to them they can’t be made edible and surely should not be spoken about in the same breath as the sacred skwerr?
HH
blantyretim is praying for the knox family
09:42 on 3 June, 2015
They’re easily recognised by their zombified countenance / movement….
Who has been chosen this time to run interference for the Oranj Ordure?
OO – Scoddland’s Shame – Scotland’s Problem
BBC News
‘Rangers have failed in an attempt to secure Portuguese coach Vitor Pereira as their new manager, the 46-year-old deciding to remain with Greek club Olympiacos’
Just as well, his wife is called Fatima.
Burghbhoy
I don`t particularly like skwerr sausages but I do like brussels. Should I visit a psychiatrist?
JJ
There was a post on TSFM the other day. It was in light of someone linking the Washington Post piece with the Al Jazeera quote, mentioning the SFA and Glasgow Rangers corruption.
Basically the chap was saying it was wrong to compare the FIFA situation with SFA/Rangers as the scale of the corruption was totally different.
Well he may have a point I thought, (s)he argued…
The FIFA scandal involved £100Millions over decades.
MMMMmmmmmmmmmmmmmm
Thoughts I….
Outwith the normal, turnover, p&l you would expect any club to “Account” for, how much money was pumped into Ibrox, how much money flowed out of Ibrox?
Certainly Hundreds of Millions, and since SDM was “paying” Mojo’s tax certainly over decades.
So let’s see, the FIFA corruption that caused a Global Scandal, led to multiple high level arrests and rocked World Football, followers in Billions.
Is a things look at the moment the SFA/Rangers scandal is in the same ball park and on the same timescales as the FIFA one.
As the whole population of Scotland is circa 5Million, then pro-rata the SFA/Rangers scandal is on a much, much larger scale – if the phrase was still available I’d say off the radar.
Time something serious was done about this.
burghbhoy
Used to agree with you about sprouts mate. Hated them. Stinky mush!
Try my recipe. Life changing, albeit in a very small way!
HH jamesgang
To all who are expressing outrage, disgust etc. directed at Wee Nicola, Glasgow City Council over the prospect of the coming Orangefest.
As I have posted a number of times in the last twenty four hours. In recent times, West Dunbartonshire Council, even acting against its own legal advice, attempted to ban An Apprentice Boys or some such march taking place in Dumbarton.
This particular march had a very bad outcome in which a young man nearly died.
The Orange Order took the council to court and had the ban overturned.
It also expressed the possibility of taking it case to European Human Rights Court.
In light of the above, can any of the outraged and disgusted, myself numbered among them suggest, apart from totally ignoring them and hoping for a more enlightened future do about these blemishes on our national and civic life?
My friends in Celtic,
I agree totally with the ideals of the petition.
However the wording should read “the people of Glasgow and Scotland are sick of their voices going unheard in relation to sectarian hate filled orange marches. We call on the Scotish government and particularly Nicola Sturgeon to use her powers and overwhelming mandate to take appropriate action and ban this so called orange fest from all our towns and cities with immediate effect ”
HH.
All the very best, Olivia :-)
Jungle Jim Hot Smoked
09:57 on
3 June, 2015
Burghbhoy
I don`t particularly like skwerr sausages but I do like brussels. Should I visit a psychiatrist?
JJ
——————————————————
I don’t know where to start with this.
All at once I feel lost in this world…
Common Space article:
https://commonspace.scot/articles/1512/orange-order-claims-it-is-an-ethnic-minority-as-petition-is-launched-to-oppose-orangefest
“It has also emerged that a civic reception for the Orange Order took place in the City Chambers on Monday.”
Seems our esteemed cooncillors weren’t happy with just allowing them their bigotfest…tea and cakes no less!
I don’t get the Orange Order and its followers at all.
Having stumbled upon a few, they always seem angry and aggressive. Never smiling and certainly never laughing.
Totally at odds with the LOL embroidered all over their banners and sashes.
Strange bunch.
quonno
10:03 on
3 June, 2015
Could this be different because it’s not an actual parade?
Despite what you’ve said there have been many, many OO and Republican parades which have either been prohibited or the arrangements altered over the years.
ernie lynch @ 09:38,
“Was the timing not dictated by the suspects all being in one place at one time thereby makig their simultaneous arrests easier?”
Jack Warner wasn’t, do you think he had something more important to do? Maybe the same important work that kept Sepp Blatter out of the States all these years.
Hail Hail
Great bit of early business by Celtic regarding Bhoyata and possible move for Swedish defender too, let’s hope it does not stop there and a couple more quality signings arrive soon.
As for the auld sash bash this weekend, as someone has posted on Twitter, this is the price Glasgow has to pay for labour gaining support from the oo during the referendum.
…and don’t forget that monstrosity of a statue of the evil King Billy (not Cesar) which was erected on our high street in the eighties.
Many people don’t even notice it, but it’s on your right just before the junction at the stolen Cathedral going up the hill. Big and shiny so I suspect it is kept in pristine condition by GCC.
Chairbhoy
09:58 on 3 June, 2015
___________________
Guid stuff fella – Hail Hail
To cut a long story short….’all’ the national media are going bananas about Blatter but….closer to home….the ‘entire’ David Murray era should have been placed under tooth-comb-forensic-investigation…SFA/Rangers FC….the only way that all of this would have come about would have been if….Celtic FC had an – uppity-Tim – on the board who would have, sank Celtic FC’s teeth into the cheeks of the erse of the Scottish footballing establishment….none of this p#sh about it being nothing to do with Celtic….eh, in the main…who’s customers were on the recieving end of ‘most’ of this fraud…?
A golden opportunity has passed coz…Celtic FC dont have the cojones needed to get the justice deserved….indeed, I’d say that, Celtic FC are part of the cheating of Celtic supporters and…they get away with it coz, an assortment of ‘plants’ will ensure that, the Celtic support will look the other way….that’s the biggest scandal of all….imho.
Anyway…take care – Hail Hail
…..oot.YNWA.
Take care olivia and philbhoy look after each other.
Burgas Hoops
08:26 on 3 June, 2015
Tight lines today again :)
Orders are now being taken…………………….Swordfish anyone?
…………………………………………
yep, failing that yellowfin will do ;-))
H.H.
Looks like they took some more foties of the new bhoy….he’s not a natural smiler by the looks of it!
http://www.celticfc.net/news/8399
richie #teamoscarforever
There were no cakes on offer just Club Orange biscuits and Terry’s Chocolate Orange segments , washed down with Bitter Orange Squash ( the Fenians ).
:-))
Tauranga
I appreciated your considerate words some time back.
Cheers.
Wee Mhan(5)
“papa check your emails,I have sent you a present”
https://www.youtube.com/watch?v=zhkdy0AOpaM&feature=youtu.be
olivia and philbhoy
09:36 on 3 June, 2015
Olivia if your lurking, I’ve kept you, philbhoy and your Mum in my Prayers. Keep believing, keep the faith!
God Bless you.
Keep the Faith!
Hail Hail!
I thought that Sepp Blatter should have resigned before the vote for a new FIFA boss was held.Probably around 70 countries felt the same,
However another 140 countries didn’t and overwhelmingly and unashamedly voted him back into Footballs top job despite the scandal that had engulfed the organisation. There must be questions raised over this
Looking forward, should countries with little or no football interest, football pedigree or even population size be able to drastically influence the game again?
Something was seriously wrong when
Qatar was voted the venue for 2022
140 countries voted for Blatter
Do you think that the Turks and Cacos Islands should have the same voting power as Brazil?
Should Nepal have the same voting rights as football mad Italy
Should Guam have equal voting rights as Argentina
Should US Virgin Islands sway the decision about where the next world cup is to be held
Should Papua New Guinea hold the deciding vote for the 2026 world cup venue
After the dust has settled, is one country, one vote still the way ahead?
Jungle Jim
Yes sir , you should seek professional help.
As my dearly departed Spanish Auntie used to say…. ‘ leetle cabbages , not nice!’
Jamesgang
Mrs Burghbhoy likes sprouts and will try your recipe. She likes the sound of it!!!
Madness.
HH