Quantcast

Getting ready for Rosenborg, Takeover Panel blues

213

If results go to form, we will play Rosenborg within one or two days before the anniversary of our matches against them last season.  A year ago we were a tad underprepared; Rosenborg got a credible draw at Celtic Park, a game which could have ended in a significantly more onerous result for Celtic.

Seven days later Celtic were much sharper as they won in Norway.  Rosenborg were our biggest test in last season’s qualifiers.  They went on to eliminate Ajax from the Europa League, the Dutch having competed in the Europa final only three months earlier.

The challenge for Brendan Rodgers is to get his players up to speed a week earlier.

The rise of Europe at the World Cup remains on track.  European teams have won nine, drawn two and lost two of their games so far, with two of the Continent’s better teams, Portugal and Spain, in action today.

I expected the Takeover Panel to allow Dave King time over the summer to comply with the lapsed Court of Session 26 April deadline to make an offer for shares not held by his concert party, but clearly yesterday’s Court of Session action proved otherwise.

Many of the consequences of this, such as cold-shouldering, or legal consequences, are for the medium term.  The immediate issue is that it is clear King has been unable to lodge funds to comply with the court in three months.  As far as fulfilling this legal obligation is concerned, the man is as his QC claimed, “penniless”.

Keep in mind, Newco’s soft loans are repayable within the next 10 days.  Some may be renewed, but have been called in.  There will be enough season ticket money available to make these repayments, but that will leave a gap later in the season.  If only Dave could use some of that season ticket money elsewhere.

Click Here for Comments >
Share.

About Author

213 Comments
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6

  1. Seeing as how we are offering options for summer reading, a wee gander at ‘James Robertson – Scottish writer’ on Google will give you some info on some great writing, not the lightest reading but really good stories, well researched and put together.

     

     

     

     

     

     

    The story of ‘Joseph’, a black American slave coming to Scotland and attempting to win his freedom, is riveting.

  2. South Of Tunis on

    TV warming up for Morocco v Portugal with film of Morocco humping Portugal 3-1 in 86

  3. Shuggiebhoy67 on

    Hunderbirds ,11:21,

     

    Billions of Years!?

     

    A Bible reader I know says that according to His Guidebook, Earth cant be more than 10,000 years old,

     

    Shumday wrang Shumwhere Shoorly?

     

    Shude I trust him with my accounts?

     

    HH

     

    EndTimesCSC

  4. Chairbhoy 10.12am . I know a bluenose that invested in 2 “seats for life “ in the ole club deck debenture scheme. He paid a tidy sum of thousands for each seat. Lost the seats when they were liquidated. He’s never been back. Apparently their still the same club, but he doesn’t agree. Fleeced by a night of the realm .

  5. Paul67

     

     

    I remember Rosenborg

     

     

    Brattbakk

     

     

    Na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na,

     

     

    Brattbakk

     

     

    Na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na,

     

     

    Brattbakk

     

     

    Na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na, na,

  6. fieldofdrams on

    What happened in the Court of Session yesterday?

     

     

    Try as I might, I can’t find anything in the Scottish mainstream media.

  7. ANGELGABRIEL @ 12:55 PM,

     

     

    Glad to hear it, you’d expect the guys on the Club deck to be smarter than your average bear.

     

     

    I suppose it sticks in their craw a bit more as although much of the finance and shenanigans were outwith Sevco’s control. I’m sure a gesture towards the debenture holders wasn’t.

     

     

    Hi Paul67,

     

     

    You get the feeling that Celtic are in very good hands and are very focussed on key objectives however the UCL draw will certainly cause greater impetus.

     

     

    Apart from our ghuys at the World Cup and injuries we have a full squad available, getting the conditioning right and the tactics right are key.

     

     

    Not trying to get ahead of myself but if we meet Rosenberg in the Second round and we beat them over the two legs does that mean Rosenberg go into the UEL proper, the UEL qualifiers or are out of Europe?

     

     

    On the take over panel… once again I don’t want to get ahead of myself but this is a clear and present danger that is only one of many for Sevco…

     

     

    It takes me back to those that said Rangers will never die, of course under the circumstances the Club proved very resilient however a perfect storm of micro and macro conditions did send the Club into liquidation.

     

     

    Now if as you say some of the soft loan guys want there money back it is hole in the finances not budgeted for.

     

     

    My understanding was that the £6M share issue that was already supposed to happen. It was planned to turn some outstanding soft loans into shares and raise £2M in new money from Club 1872 who were buying more shares.

     

     

    If people are demanding their loans are paid back rather than transferred to equity (some have and some are in the process of walking away so this makes sense) and Club 1872 could only raise half of their requirement. Then this could well be the reason the share issue didn’t go ahead.

     

     

    Now there was an “overdraught” facility from Close Brothers and my understanding was £4M was to be paid back in the close season. It now seems this facility will run it’s course until February next year.

     

     

    My understanding was that Steven Gerrard and Gary McAlister took a secret fact finding mission to malgavie and were not over impressed by the world class facilities at Hammeldamea training park. Nor were they overly impressed by the quality or condition of the squad they were inheriting.

     

     

    They seem to be going for “elite”, sounds expensive. Although they don’t mind bumming it on the summer jollies…

     

     

    Now could that “eliteness” along with the failure of the rights issue have put paid to Close Brothers early pay off.

     

     

    No one was pretending that the financial situation was great at Ibrox but with the budget going haywire it could be very interesting.

     

     

    It seems that Sevco are £10M short of where they want to be – they can of course delve into the Season ticket money but when that runs out by the end of the year and the Close Brothers money becomes due then that £10M would be very handy.

     

     

    Now, could it be that Sevco are banking on Europa League money to get them through. A good European run until Christmas should nett them £10M.

     

     

    It does have a ring of deja vu about it though. A dependence on European money and hoping to defer the authorities…

     

     

    Did that not do for Rangers in the end?

     

     

    Continuing to put ToPs off while the Europa cash flows in could be a risky (and unlawful) strategy.

     

     

    Still I’m sure Steve Gee has it covered – let’s hope he doesn’t do an Ally McCoist Eh!

     

     

    No pressure;)

     

     

    Hail Hail

  8. South Of Tunis on

    That takes Ronaldo to 85 international goals . Now top of European list . 1 ahead of Puskas

     

     

    That said -criminal defending from Morocco.

  9. I wish some on here would care more for our club , rather than Sevcos or whatever they called, There’s plenty of things needed sorted out at Celtic,for a start why isn’t our club giving our supporters on a daily basis, about new players coming into the club,and not to rely on Blogs made up Rumours,also instead of this Hotel,etc, Celtic should be made to have Toilet Facilities built outside the Stadium,a few more Fans Zone, would be handy,so there’s plenty to get done inside and outside the Stadium, rather than worrying about what the Bluenoses are up to.Celtic first the rest are immaterial.

  10. Paul67 et al

     

     

    Whatever happened to that old Jock Stein mantra, (or was it Lena Martell) of playing one game at a time?

     

    Or in this case two games.

  11. Went onto Aberdeen forum to see reaction to drawing Burnley and noticed a thread on Scott McKenna. A lot of them seem to k he may sign for us. Cant see it, hasn’t looked particularly good, other than a couple of Scotland friendlies, when I’ve seen him, although a natural left footed centre half is probably what we’re needing.

  12. South Of Tunis on

    Aaaah -Morocco .

     

     

    Should have beat Iran -but -lost

     

     

    Should have beat Portugal -but -lost .

     

     

    Some fine simulation from Ronaldo and Pepe.

  13. !!Bada Bing!! on

    G67- got a message the other day, saying we have asked to be kept informed of any bids for McKenna, looks average to me….

  14. McKenna is a decent defender on his day but horrible on the ball and a bit of an old fashioned clugger. I will be shocked if that happens.

  15. Mind the time the Sun reported that Daniel Candeias had scored a stunning free kick in pre season training?

     

     

    Come in Rahman Bhardwaj you know you want to.

  16. glendalystonsils on

    BOURNESOUPRECIPE on 20TH JUNE 2018 3:59 PM

     

     

    Sorry BSR is otherwise engaged right now , giving Stevie (the Messiah) G a pedicure.

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6