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.
675 Comments- Pages:
- «
- 1
- ...
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- ...
- 18
- »
Don’t know if anybody has posted, but have we bought Dedryck Boyata or was he a free?
I’m just interested .
Welcome anyway Dedryck.
Hail hail to you big man.
Never mind they’ve still got Orangefest
@PhilMac
Philbhoy
Prayers for Olivia. Can think of no greater pain than your own child’s pain.
newradbhoy
Boyata signed for Celtic on a four-year contract in June 2015. He was transferred from Manchester City for a fee of about £1.5 million.
@wiki
Leftclick tic…
Like this….
Big Mad Shoe – YouTube
http://www.youtube.com/watch?v=U7eGXEFUNS4
” I’m sure something will happen this week ”
BFSDJ
“A high court judge in the Republic of Ireland has ruled that the media can report what was said in the Irish parliament under privilege about the country’s richest man.
Denis O’Brien had used a high court injunction to stop the media reporting details of his personal finances mentioned in the Dáil (parliament).
It followed comments made by TD Catherine Murphy under privilege.
She said he owed the former Anglo Irish Bank upwards of 500m euro (£362m).”
BBC 2/6/15
Watching this Irish story unfold I cannot help but draw parallels with The Mint and the continuing absence of his name in the media in relation to the financial conundrum perplexing/misleading The People currantly.
Seems Mohnsi only got a 4 game ban.
I had thought it might be 10 or 20 considering he also tried to attack Ervin in the car park as well.
Plus, he’s been sent off twice before this season?
quantum,
Yea, I suppose it would be quite an onorous way of financial dealing.
Unaccounted money in…….unaccounted contracts out.
Blatter to resign
Haven’t they been goaded enough?
;)
Ole Sell Blatter cashes in his cheque ,& resigns
Blatter gone ?
Sepp of course ;)
He’ll get plenty of dough then
http://www.bbc.co.uk/sport/0/football/32982449
braw awfy braw …..timewastingcorruptswisstawtcfc
braw
Zopf ,s will roll …
braw
Even Blatted doesn’t have the brass neck of Ogilvie!
Blatter
Bsr nice one
Sevco are a dead duck
A dead duck, going through a slow, gradual, painful death.
Anyway onto cheerier news.
I am pleased with todays signing. Think big Dedryck has the raw credentials to fill the boots of J.D
Also, Scott MacDonald (at 31yrs), i think he will end up in England League 1. Aye at a team chasing promotion in to the English Championship.
Outwith Aberdeen, i don’t think theres many Scottish clubs who could afford him..
I thought about Dundee Utd, Hearts etc… but reckon due to only being 31, Scott will be seeking a good 2 to 3 year contract on or near 8k to 10k a week.
England League 1 is the answer
Moshni 4 game ban????
Duration of Tonev ban with no evidence and Bo rhichter ban shows you just how much they hate us.
Let them stew in their bile. Their team died and they know it.
Karmacsc
Neustadt-Braw
Stimmt es wegen Blatter??
Blatter resigning to take over Sevco
Blatterl goes. Think the FBI et al have tightened the screw with the latest letter.
“Impeach Grimmond McCrummoch!”
Good evening friends.
Unconfirmed reports a fleet of Shred-it trucks in convoy at Swiss border.
gearoid1998
17:59 on
2 June, 2015
Moshni 4 game ban????
Duration of Tonev ban with no evidence and Bo rhichter ban shows you just how much they hate us.
Let them stew in their bile. Their team died and they know it.
Karmacsc
================
Agreed except that in Mohsni the Wonder Huns case the biggest punishment of all for the team would be to force them to play him.
A standout dud in a team populated by them.
Blatter has lost his sneer. He has been briefed by the FBI. Can see him doing time.
Interesting times ahead.
LB
starry plough
17:59 on
2 June, 2015
Neustadt-Braw
Stimmt es wegen Blatter??
…………………………….
ich denke schon…..Cathedral View is on the money with the Shreddies to hide where the Readies flew off to……………he probably was buying time for that last load getting done ….
braw
Latest from SSN
Sepp Blatter has sensationally resigned as President of FIFA, making the announcement at a press conference in Zurich today.
Blatter had come under growing pressure in recent weeks following the latest in a series of corruption scandals to grip the association, but his decision to resign still comes as a major surprise.
On Friday, Blatter was re-elected as FIFA President for another four years but he will now be replaced at the head of football’s governing body when an extraordinary congress gathers to decide on his successor as soon as possible.
Rumours that Campbell Ogilvie is preparing to launch a bid to succeed Blatter have yet to be substantiated.
Hail Hail Bhoys. Blatter is going to stay on until they elect a new President. Is that so he can hand pick one of his people?
OT, sent you an email with this link…yer auld boat:
https://www.facebook.com/LargoLaw
Swiss roll…
Blatter teig is puff pastry in German/Swiss German……….lots of layers of corruption…..interesting trials awaiting…who said this summer would be quiet….
braw
The fallout from Blatter going is going to be interesting – there will be shrapnel flying in all directions and the race to immunity from prosecution for cooperation will be well and truly on.
Interesting to see how long the shift from self serving blazers with vested interests to transparent modern management will take and if it will ever reach the SFA.
NotHoldingMyBreathCSC.
Free The ToblerOne