Football in July, the brilliant Dave King

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Celtic play their fifth and final preseason friendly tomorrow before Tuesday’s Champions League qualifier in Armenia.  Five games feels light.  Legs will still be tired after each game, the prospect of 90 minutes in extreme heat will not be welcome.

Opponents Alashkert will have played only three preseason games before facing Celtic, each against lower league Russian opponents, so while they will cope better with the heat, their underlying fitness will not be better than Celtic’s.

In theory, Tuesday’s game should be welcomed as an opportunity to increase preparedness before the tougher challenges that lie ahead.  But this is football in July, when normal rules do not apply, as Lincoln Red Imps demonstrated two years ago.

Loved the lack of logic in Dave King’s written response to BBC’s Alasdair Lamont’s question on the Takeover Panel’s Contempt of Court proceedings.  “The [Takeover Panel] know that I live in [South Africa] and that it will require exchange control approval to move the funds to London.  They are just bullying me”.

The Takeover Panel’s rules (which exist for everyone) that an offer has to have proven funds in the UK is not an actual impediment.  If King’s funds were not in the UK, he would be unable to pay for the shares three weeks after the offer is made.

Takeover Panel rules merely bring the date cash is required forward by three weeks.  Still, I am sure this talk of bullying will make the Takeover Panel think twice before crossing King again.

This guy is beyond brilliant.  He is behaving like this openly.  You know how it ends.

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  1. Ps. Uncle Mike

     

     

    Turkish entrepreneurs will be rubbing their hands at the thought of all the sales of Orange shirts por cierto

  2. Videocelts

     

     

    SPORTS DIRECT have gone to court to prevent Sevco from setting up a new retail deal with a rival company.

     

     

     

    Last night details emerged online from the High Court of the injunction taken by Sports Direct that will wreck plans to boost Sevco’s turnover by upto £5m a year.

     

     

    In June 2017 Dave King announced that the company had ripped up the ‘onerous contract’ with Sports Direct negotiated by founding father Charles Green in 2012.

     

     

    That deal gave the new club instant credibility through a high street presence and access to the lucrative retail market tapping into the High Street expertise of Sports Direct.

     

     

    When Sevco published their audited accounts in November 2017 it emerged that they had paid £3m to bin that deal, now it appears that the current board signed up to an even more onerous deal that further locks the company in with Sports Direct.

     

     

    Sports Direct were also paid 27.5p per share for the shares they purchased in 2012 for 1p. Fans group Club 1872 bought half of the shares on request from King!

     

     

    At Friday’s hearing it was put to Mr Justice Bryan that the ‘termination’ agreement ensured that Sports Direct were given the opportunity to match any future retail deal negotiated by Sevco. If Sports Direct match the deal then Sevco couldn’t then turn to the their new ‘partner’ and get them to increase the deal.

     

     

    More importantly Sports Direct are entitled to a breakdown of every element in the new contract. This effectively allows them to cherry pick the lucrative elements- home, away and third tops- and ditch the ducks and teddies from their contract!

     

     

    Any firm tendering for the contract will want it to be exclusive, selling trackies and pictures of Andy Halliday isn’t as lucrative as selling home, away and orange tops to the gullible.

     

     

    5.7 If SDIR is so willing, Rangers and SDIR shall enter into a further agreement on the same terms as this Agreement, save only as to any variation required to effect the Material Terms and whether such agreement shall relate to any of the Offered Rights or all or any combination of the Offered Rights (and, in each case, any connected commercial arrangements if application).

     

     

    5.8 Should SDIR exercise its matching right in accordance with this paragraph, Rangers shall not approach, solicit, tender for, negotiate with or enter into any agreement with that third party or any other third party in respect of the Third Party Offer and/or the any of the Offered Rights (and, in each case, any connected commercial arrangements if applicable) in respect of which the matching right is exercised. Should SDIR exercise its matching right in respect of some but not all of the Offered Rights, Rangers may enter into an agreement with that third party on the Material Terms set out in the Notice of Offer only in respect of the Offered Rights over which SDIR has not exercised its matching right only. Should SDIR not exercised is matching right over any of the Offered Rights, Rangers may enter into an agreement with that third party on the Material Terms set out in the Notice of Offer.

     

     

    When Sevco launched three kits on the day word emerged of a Contempt of Court notice served on Dave King there was no mention of a launch date. Stewart Robertson claimed that every effort would be made to have replica kit available for the start of the SPFL season (August 5).

     

     

    It wasn’t until April that Sevco announced their new kit deal with Hummel, trumpeted by the usual sources as giving the club £10m up front and £5m clear per year plus bonuses yada yada yada.

     

     

    If Hummel did any sort of background checks they would be aware of aspects of the Sports Direct ‘termination contract’ that effectively leaves the club and any partner at the mercy of Mike Ashley.

     

     

    After being subjected to a lengthy campaign of abuse from Paul Murray’s favourite newspaper and selected fan groups it is clear that Ashley intends serving revenge stony cold.

     

     

    With the ‘termination contract’ hovering over the club it is no surprise that no pictures have emerged of Sevco tops in production. That’s because there are none in production.

     

     

    Tuesday July 10 will see the injunction back at the High Court, in the highly unlikely case that it is rejected Sports Direct are bound to appeal leading to a long drawn out and expensive saga.

     

     

    If Sevco successfully defend the action it is likely to take eight weeks before their new kit hits the streets with the summer holiday market entirely lost.

     

     

    Included in the documentation was the importance in terms of cash flow for the company of generating kit sales.

     

     

    31.Those undertakings were not given and the defendant made clear in a letter dated 28 June 2018 from its solicitors Anderson Strathern that it was not willing to give any such undertakings, and in that letter it was asserted that the Notice of Offer sent on 4th June was valid and complied with the requirements of the retail agreement. It was also made clear that it was said to be vital to ‘Rangers’ business model for the next and following seasons for it to launch its retail operations from 1st August, four days before its first fixture in the FPFL, and to able to do so it required to conclude a deal with the offeror as soon as practicable after the ten day business period from 20th June expires.

     

     

    32. It was made clear in that letter that, “unless SDIR timeously exercises its matching right under the [Agreement], [the Defendant’s] intention is to accept the Third Party Offer”. It is against the backdrop of that letter that the urgent application for an interim injunction has been made before me this afternoon.

     

     

    After King failed to come up with his £6m June Rights Issue it looks like another significant part of Steven Gerrard’s transfer war-chest will be missing.

     

     

    When this story hits the mainstream it will be accompanied by the usual abuse direct at Ashley.

     

     

    Any independent observer will probably look at the Sevco board for where the fault lies- and wonder why a campaign was launched to remove the billionaire businessman to replace him with a glib and shameless convict from South Africa.

     

     

    CLICK HERE for the full High Court injunction.

  3. can’t see how the boring swedes will stop the young juggernaut of an England team.

     

    lindegard has impressed me with his pace and movement , I would also play loftus cheek instead of sterling .

     

     

    cant see anything but an England victory…. 4-0.

     

     

    ps ….. good morning from a gloriously sunny Saturday from Hamilton…..JOBO ?? ;))

  4. I wonder how the new chief at the SFA views the omnishambles that is Hunco??

     

     

    And at what point does he think…..hmmmmm….is this club actually a going concern and what would be the consequences for even other club should they enter admin????

     

     

    His Big Mikeness walk away, think again Hunnies…

  5. my fave world cup songs

     

     

    WAKA WAKA 2010

     

    LA LA LA 2014 Brazil

     

    CARNIVAL DE PARIS 98

     

     

    Play them loud …..

  6. Good morning from a very sunny Lanarkshire . Could not avoid the local 17th century revivalist Mob out on the streets this morning all dressed up,ahem, to watch Billy’s Not Too Smart Circus. It’s always good to see their numbers diminish and average age grow every year.

     

    Hopefully they will be gone soon. Gym went well this morning,first proper 5k since April so hopefully injuries are behind me and I can set about losing the 6k gained in 3 months. bathroom DIY to finish off then some gardening.

     

    Have a great day everyone. HH

  7. Tour de France about to start on Channel 24 for those interested. Almost completely in France this year.

     

    JJ

  8. theBHOYfromU.N.C.L.E on

    Hope England win the World Cup………reason being that every time they have won it we win the Big Cup the following year.

     

     

    logicalsong csc

  9. Just looking at the omnishambles that is , let’s call them Rangers Retail to make it easy.

     

    An April contract would and should have been sufficient time to have tops in store for the most important date- 12th July. Even if it was only an initial drop of product which would have allowed them to shout all about it being sold out. I have some understanding of the time lines involved. When I saw that there were no tops on sale anywhere last week, it was obvious something was going belly up.

     

    The even better news is that the great unwashed will not GAF and happily buy the fake stuff in Benidorm , Tenerife and Turkey further depriving their crippled club of money. Such a shame is it not?

  10. Gooooooood Morning CQN – ???????

     

     

    An early morning Huddle from Ghana IMG_7734.mov

     

     

    ( hope this works ) ???

  11. Ok, been sent a video from the Ghirls school in Ghana ?? with the Ghirls doing the huddle

     

    So how do I convert to post ?

  12. MURDOCHAULDANDHAY

     

     

    That was an uplifting read there about Raheem and the sacrafices he, his mum and sister went through.

     

     

    ps…hope this weather is a help and not a hinderance with your health issues.

  13. Could be heaven or hell this afternoon – on bar duties at the cricket club where they have an earlier start and will have a 2 hour interval so they can watch the game. Here’s hoping its a swede afternoon but I doubt it – fully expect engerland to win – hope croatia do the business later.

  14. pathological definition: 1. (of a person) unable to control part of their behaviour; unreasonable:

     

     

    It must be clear to most observers by now that DK is pathalogical.

     

     

    He has no concept of truth and will do and say whatever he believes will serve his purpose.

     

     

    There are stories of him threatening SFA officials and any testimony he gives them in relation their investigations into the 2011 UEFA licence cannot be taken on trust.

     

     

    Therein lies a problem for the regulating of Scottish football. Until now regulations have been based on the belief a member will act honestly and in good faith with fellow members.

     

     

    Until trust is restored by the removal of the untrustworthy the game as they say is a bogey.

  15. Back to Basics - Glass Half Full on

    SDI injunction? Quelled surprise.

     

     

    Robbing Pedro to pay Pablo never advisable.

     

     

    Running an inefficient business on a JIT cash basis never advisable.

     

     

    Mixing the two? Boom.

     

     

    A few hypotheticals scenarios. Ripple effect and all that.

     

     

    Sevco don’t get anticipated cash in August due to legals.

     

     

    Hamilton don’t get a Docherty payment tranche – chances of relegation increase.

     

     

    Failure to honour football debts infuriates the football authorities (ha). Sevco deducted points. (Ha).

     

     

    Sevco’s … ahem .. chances of winning the league decrease.

     

     

    A bumpy summer ahead? Who for?

     

     

    Hail hail

  16. MARSPAPA on 7TH JULY 2018 10:40 AM

     

    The CEO of the Roasters Clique is too warm this morning, struggling with converting a link…:)

     

    Keep the Faith!

     

    Hail Hail!

  17. Just recovering from yesterday’s early morning flight back from Lourdes. For some reason, I could not get the wi-fi to work for me in the hotel…old age, I guess. But I want to let you all know that I prayed at the Grotto and lit a candle for everyone on this blog.

     

     

    Will need sometime to catch up with all that has transpired in the last eight days. Excited that the season is about to begin. I do not know why the big mhan is not playing for Belgium. His replacement made a right mess of things when Brazil scored their goal. Nevertheless, I still want Belgium to win the other big cup.

  18. Mahe the Madman on

    Turkeybhoy,,

     

    Your post this morning made me laugh,,,well done.

     

    Hail Hail

  19. Many thanks for the prayer, Connaire12.

     

     

    I agree with you too about our CB’s replacement. He didn’t just get caught out the once, although it was Brazil they were facing….

  20. Aye goooood morning to my Roasters clique ??

     

    Marspapa and Lennybhoy, honourable members

     

     

    Had a good wee chat yesterday with that top Bhoy Paddybhoy1888

     

    So to all you CQN Bhoys and Ghirls for all your car needs get a hold of Paddybhoy

     

     

    Back to the Roasters club

     

    Lennybhoy, did Laura post the Huddle on that face ache thingy ??

     

    If not will have Jenna or my Whifey do so

     

     

    Hail Hail

  21. Connaire12

     

    If you remember our chat from Lisbon ? And your family connection engaged to my daughter ?

     

    Anyway, Stephen is leading the Ghirls in that school in Ghana to become Celtic ?? supporters

     

     

    Hail Hail

  22. 100 trophyies on

    Sipsini, yesterday, was having the same problem with amazon, turned off javascript, work for me. Hail hail. ???

  23. 100 trophyies on

    Sipsini yesterday, was having the same problem with amazon, turned off javascript, worked OK for me, hail hail.

     

    One hundred trophies

     

    ???

  24. mike in toronto on

    BMCUWP@6:39

     

     

    Good to see you taking the high-road on this, pal. I didn’t see his comments, so can’t comment on them. However, I hope KevJ is allowed back on. I know he sometimes could phrase things better, but he seems to care about Celtic, and adds an important perspective that has been largely driven from this site. I understand that he is going through a tough spell health-wise. And I know when I wasn’t feeling well, this place was a great comfort. So, I hope things can be resolved

  25. Connaire12

     

     

    I love the fact you’re our de facto pastor. I suspect as many prayers are said for you, as by you.

     

    You’re a good soul.

     

     

    Travelled through Glasgow on the way to see my dad in Ayrshire.

     

     

    Wow, was there a supermodel convention that I missed??? So many gorgeous peepul!! Some with up to 6 of their own teeth.

     

     

    HH jamesgang

  26. BIG-CUP-WINNERS on

    Jamesgang

     

     

    It’s a sad sight. In so many ways wrong.

     

     

    I don’t understand why they are not asked to march in somewhere like for example, Strathclyde park. They have a right to march, just not to effect the wider community in doing so. And they do just that with relish: intolerance, aggression and violence.

     

     

    If the authorities won’t insist they march in an appropriate place, the wider community should.

  27. Got a Brazilian couple and two Belgian girls staying with us tomorrow for a couple of days.

     

     

    After what happened yesterday, there may be trouble ahead!

     

     

    C’mon Sverige!

     

     

    …and the Hoops as well of course in sunny(?) Dublin!

     

     

    HH!!

  28. Joe Filippis Haircut on

    Will we start the Euro qualifyers stronger or weaker than last season that is the question ? I would suggest we are weaker we have no Lustig Gamboa Rogic Armstrong or Boyata.We have only signed two players the young lad from St.Mirren and French Eddie.Now why is this the case when the manager has repeatedly said he wants new signings in early ? the fact is we could well lose another 2 to 3 players before the transfer dead line closes. Are Celtic being complacent ? I would suggest not the transfer market is skewed with huge transfer fees and huge wage demands there is of course the World cup affect as well.So while we the fans are desperate to see European football at Parkhead it is getting harder for us to qualify. H.H.

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