Walls are closing in on Dave King with the news that the Takeover Panel were granted a court order to force the Newco chairman to offer to comply with count instructions that he buy out shareholders outside his concert party. Money for the offer, totalling £11m, has to be in place before it can be made, which is the sticking point.
While all of this MAY be no more than an administrative oversight, Newco have just announced the resignation of two directors: Paul Murray and Barry Scott. Murray, a director of former Rangers, has been an absolute charm. How Newco will survive without his Midas Touch is unknown.
Directors of a business are liable for its conduct, have a duty to protect the interests of all shareholders and creditors. If they fail in this duty, they can be prosecuted. Paul Murray was a close ally of King, especially during the years the Glib and Shameless one agitated to get control of the club he supported all of its life. To paraphrase Deepthroat, follow the rats off the ship.
The Newco experiment has failed. It is a shambles at every level, drowning in toxicity, with regulatory, legal and funding challenges out with its control – and things are not going too well on the field either.
Remember, current custodians and fans groups chased the Easdales (actual benefactors) and one of Europe’s richest men (who loaned Newco five players), out of town. For what? They knew the money they had. They knew there would not be a Nomad in place “within 48 hours”. They were not Fergus McCann-type newbies to football, they knew the resources required to run a football club.
They knew all of this better than you or I, but we were the ones pointing out the blatantly obvious.
Where is the Mea Culpa from those who led the fans? Who is there left with clean hands? When will fans be told how bad things actually are (they are very bad, btw)?
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BRTH, class as always!
KTF
PS my attendance on the 25th may be back on!
BOURNESOUPRECIPE on 2ND MAY 2018 9:25 PM
Who would win in a fight between lorne and quorn?
Neither for me my good Mhan. Quorn is far to ‘meaty’ for my delicate palate.
Well done John Higgins, hopefully another tim holding a trophy aloft at parkeid. ;)))))
Sipsini
Yip, gone yersel Johnbhoy Higgins ??
VFR,
I’d love to have given you a big yes for pre-SCF day bash at Coias but don’t know if I have tickets yet.
Is there anything on the cards for pre-Aberdeen game on 13th? ????????
Mass to commemorate the life and death of Tommy Burns on May 15th at 7:00PM in St Mary’s Calton.
10 years since he died!
More in here on a brand new website launched tonight.
Please pass this onto on!
KTF
POGMATHONYAHUN AKA LAIRD OF THE SMILES ???♂️??? on 2ND MAY 2018 10:29 PM
I would guess so. I’ll book the table tomorrow.
KTF
Kickinthenakas: breithlá sona duit.
Me and the big wee bro went out for a bite to eat on Saturday night and ended up in a ‘Chinese’ restaurant near Central Station.
I ordered BBQ spare ribs as a starter. When it arrived the ribs looked liked they’d been cooked for about two weeks.
And the BBQ sauce? Gravy:-)?
CoddleCSC
Jimmy White is Methodone Mick on Eurosport Snooker
Oops. Correct link here
KTF
???
Link not working
I could join with daughter on 13th ?
TONYROME /POGMATHUN
Hendrie’s the butcher in Girvan for award winning square slice also do a mean black pudding !!
SKWERRSLICECSC
? before Sunday’s game ?
? I’ll have my youngest Bhoy with me, thanks.
Norrie M, new link added.
Bada Bing do you think Jimmy dyes his hair??
D. :)
Repost:
Mass to commemorate the life and death of Tommy Burns on May 15th at 7:00PM in St Mary’s Calton.
10 years since he died!
More in here on a brand new website launched tonight.
Please pass this info on!
KTF
A nice piece written by the priest on that new Celtic website.
In these days of pep and Klopp If he takes the job it’ll be very interesting to see what Gerrard’s philosophy is
PR67: Passed your place on Saturday & Sunday. Weather was beautiful. Ailsa’s Craig looked fabulous.
ALMORE
Aye some nice scenery in these parts never get tired of seeing Ailsa Craig !!
The best steak skwerr sausage in Scotland is produced by The Tap of the Hill Butchers, Kilbowie Rd Clydebank. The best roll accompaniement is made a mile along the road in the Morton’s Rolls Bakery Drumchapel.
D66- he looks ridiculous…
Billy Walker Whisky
TT
Tinytim
O.K. we give in?
Delaneys,
good to see you give the tap of the hill butchers a shout,
best sausages and best steak pie i know,
also owned by a right good Tim
TinyTim
Do you believe Billy will be the new owner of Sevco ?
Or his
Glenallachie distillery a sponsor ?
Either way, will have to invest hugely significant funds to re-float the Titanic sevco
PARKROAD67
Aye,if you can see Alisa Craig,it’s gonna rain.
If you cannae see it,it’s raining already!
(As we used to say about Arran when I lived in Ardrossan)
Gordy
The best butcher I know. The wise guys shop there. Best steak skwerr slice and steak pie I know in the world. Being a Clydebank Tim helps his shops case.????????
Delaneys,
aye he even does Stornoway for the black pudding fan
Jimmy White and Still Game
Gordy
Cannae touch black pudding. Demonic food.
Love his haggis though.
BSR
He is a whisky Distillery owner (part owner)
Sold Benriach Distillery with his family making just under £100m – a business he set up with 2 South African investors (sold business for £285m, he had over 20% of the shares, his family another 13%).
He is in his mid 70’s – and would need to invest a huge chunk of his fortune ?????
BSR
Greg Docherty is Methadone Mick.
Methadone Mick is the better fitba player.
Greg Docherty is the better comedian.
Norrie
Ta
DD
Couldn’t remember his name from the programme ;-)
NITOL CSC
The Glenallachie distillery, built in 1967, only produces a maximum of 3.2 million litres of pure alcohol a year so unless they are going to douse Ayebrokes with it and set it alight for the insurance money then there is no sustainability ????????
NORRIEM
Worth noting that he has since invested a large chunk of that “windfall” in another distillery. However,should he wish to invest the rest in Sevco,he will be more than welcome,I’m sure.
But he certainly doesn’t seem the type to make bad investments,nor ones based on sentiment. If he makes a go of that club,it is unlikely to be by following the example of previous owners in the last 30 years.
From the Herald on 28/04/16
Mr Walker said he was a Rangers fan to the core of his heart. Asked if he might use some of the proceeds of the blockbuster takeover to invest in the football club he said: “It’s unlikely,” adding: “I haven’t really thought about it.”