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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Welcome to the Celtic family Dedryck.
May your days with us be blessed and trophy laden.
Dunky…..
Never lost bud but prone to wandering off the beaten track…. specially if it’s sheltered an has a watering hole!!
50+ here at the mo and name drink.
HH
Airdrangers?
Welcome junglist massive
Boyata Boyata!
proudbhoy
Fingers X another road trip up to Romania (Steaua Bucureşti) this time.
https://www.change.org/p/labour-led-glasgow-city-council-hold-gcc-to-account-on-orangefest-the-people-of-glasgow-say-no-more
Elffin iPad. Nae drink.
Mingers?
Stenhouse/manure
With new bhoy on board does that mean transfer window
is officially open ?
I am sure just want Mr King and Mr Murray needed to hear.
BOYATAS GONNA GET YE!!
Welcome to Celtic big man.
Halloa
Robert88, I think that ship’s sailed.
dena29, unbelievably so.
BMCUW, that’s about right.
GlassTwoThirdsFull, ha!
Looks a lot like Che Guevara, that’s not the case.
j77, aye, indeed.
Hamiltontim, yes, true.
lct
It will never happen imo!!!
I note with some surprise that Pastor Mike McCurry, former FIFA grade referee of this parish, will be one of the speakers at this weekend’s so-called “Orangefest”.
All I can say is…
To the Car Park!
RFC ILgin
Celtic new Bhoy Dedryck Boyata speaking to the media after signing with the champions.
—-
DB: I’m really pleased to have joined Celtic.
—–
DB: I’ve seen the changes at Man City but it was harder for me to get over that challenge.
—-
DB: Having the challenge at Celtic is the big one for me now but I’m joining a massive club.
—
DB: Celtic are getting a strong defender who’s quick and good on the ball.
———
DB: I know how big Celtic is and I have seen the big players here. From the first moment, the opportunity to come here made me happy.
——-
DB: John Guidetti told me it was a great club and told me the fans are unbelievable.
——-
DB: Jason Denayer is someone I was following and I was really happy for him. I would like a similar season as he had.
——–
DB: It has been a few frustrating years for me. As a footballer you want to play as much as possible.
———–
DB: We agreed at @MCFC that it was the time for me to go and I had to go and find a new challenge.
————
DB: I’m looking to win as many titles as possible and qualify for the UEFA Champions League.
———
DB: I spoke with the manager a couple of times and the plans he had for me sounded really good.
———–
DB: He said he needed a centre back that could replace Jason and play football from the back.
————-
DB: After that he told me about where he came from, the players he’s had and I knew a few of them. They told me the kind of manager he is.
————-
DB: I was really pleased by what they had to say.
————
DB on his ambitions at Celtic: For any player the Champions League is important.
———
DB: I’ve never had the chance to go on the pitch in the Champions League so for me it’s important.
Celtic Football Club@celticfc·7 mins7 minutes ago
Boyata’s media conference is now over
I think Daly will be out of ibroke? Ill pass.
RIP Charles Kennedy only 55
desertbhoy
13:21 on
2 June, 2015
Elffin iPad. Nae drink.
Ha Ha that makes more sense :-))
HH
jude2005 is Neil Lennon \o/
Rumours
He sleeked out of the “hate factory” last week with his soul money.
Till later all
Welcome to Celtic Big Mhan!
HH
The Battered Bunnet
13:25 on
2 June, 2015
I note with some surprise that Pastor Mike McCurry, former FIFA grade referee of this parish, will be one of the speakers at this weekend’s so-called “Orangefest”.
All I can say is…
To the Car Park!
Doesn’t surprise me at all…..:-((
HH
Welcome Dedryck, fancy pitting yer wits against Messi in the Champions League, aye, then yer in the right place son:))
Can emdae down load the picture of Scott Leitch being “overjoyed” in the Well dug out when Sutton made it 3 nil??
“Fritters on a piece”….is that your typical west coast tea….with salt & sauce!!
Philbhoy…not had much chance to comm with you recently, so, don’t know the situation with young Olivia so best wishes to her on her op.
Paddy T
lct
Shamed the good name of the Daly family!!!
jude2005 is Neil Lennon \o/
Could have been worse Jude he could have played for us:)))
Delighted we have signed Boyata, welcome to Celtic big man!
RIP Charles Kennedy far too young.
Welcome to Paradise big fella.
Heres hoping you are as good as your former team mate.
listened to mealy mouthed Regan on the Qatar WC fiasco and they have told him that there have been no deaths in association with the construction of WC venues in Qatar!!!!!
Orange Fest seriously, I’m sure the planes full of tourists will be champing at the bit all over the world for that one…
Crimpoline a go go…
£30million to get out of the Championship?
As Paul says what happens next? Are they relying on a mulligan when they play us?
I note they are talking to managerial candidates such as Mark Warburton. Presumably he has some dough?
Anyway, Hibs are making some good signings. Meanwhile King havers over hitting the send button. They played to their pals and the mercenaries willing to play for them in 2012. They will need a similar recruitment drive now. Unless they bring in a good manager with experience of promotion from that division they will struggle to make the play offs.
This hankering and apparent need for them in the top dividision is just bleating from the starved hacks and former players with no grip on reality.
The reality is Newco failed to get promoted because they were not good enough. They may still not be good enough next year or the year after.
Meanwhile Celtic continue to sign top class players, play in Europe, and develop the very best Scottish talent.
I look forward to them losing points at Greenock, Paisley and Edinburgh while we continue our road to European success.
The chances of Newco taking even a point from us are neither here nor there until 2017 at the earliest. It’s a small miracle they even got to the League cup semi to play us.
Dave Kings ama race fantasy will be shelved for a long long time.
Shuggiebhoy67
13:45 on
2 June, 2015
listened to mealy mouthed Regan on the Qatar WC fiasco and they have told him that there have been no deaths in association with the construction of WC venues in Qatar!!!!!
Just proves he is both gullible and not fit for purpose
HH
First off, welcome to Dedryck Boyata!
It’s a strange feeling seeing deals being done straight after the end of the season rather than very late on in the summer.
Hopefully this is just the start of signings, rather than the finish though!
As for Paul’s piece… Oh dear. That sounds grim indeed for Sevco! Even their PR is currently sounding desperate.
Here are some more thoughts on that. Anyone for mud-wrestling?!
https://theclumpany.wordpress.com/2015/06/02/mud-wrestling-for-sevco/
Enjoy the rest of the day!
BMCUWP
Read the Stein book but not had a chnace to read Murdoch’s yet.
There is a great documentary that the BBC done on Jock Stein. One of the best productions I have ever seen. I have it on VHS somewhere. I don;t think it has been released on DVD.
http://www.amazon.co.uk/Jock-Stein-Story-VHS/dp/B00008T4C9/ref=sr_1_1?s=video&ie=UTF8&qid=1433249281&sr=1-1&keywords=Jock+Stein
It can be purchased on Amazon.
Well worth a watch.
LB
Welcome Dedryck, but gonnae smile…
Just a weee wan…
The signing of Boyata so early is a great move for all concerned. The GB now have the full close season to get the song for the new man ready for the CL qualifiers. Well done PL.
LB