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King, the other Big House, contingency planning

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Proceedings against Dave King for Contempt of Court begin on Friday at the Court of Session.  In March, King was ordered to offer £11m for shares not already owned by his concert party, no later than 26 April.  Nearly three months later, that instruction has not been complied with.

Well in advance of the Court decision to force King to comply with the Takeover Panel instruction to offer to buy non-concert party shares, King would have been advised what requirements he would need to comply with, if he lost.  Prudent contingency planning would have averted this Contempt hearing.  But you know King.  He sat on the Rangers board which made no contingency plans to allow it to continue to trading through HMRC’s case against the club.  The consequences of that were so severe it went into liquidation BEFORE it lost the case!!

Indeed, before starting a takeover bid for Newco, King would have been well advised to have the money in place to underwrite the project.  Remember, he once suggested a £50m would be needed, this is ‘only’ £11m.  If he cannot lodge this £11m he has no chance of making good money to build the team.

During the takeover Panel’s case against King last year, King’s QC told the court “Any order wouldn’t secure compliance”.  Quite an insightful prediction.

If found guilty, these proceedings could see King reside for a while in Glasgow’s other ‘Big House’.  Even if that happens, it will be a mere blip on the ‘journey’, prepare to read that is is a ‘favourable settlement’.  The question to keep your eye on, is who will pay the bills after the season ticket money runs out?  Never mind, there will be orange strips, reduced ticket allocation to Celtic, angry statements about the SPFL and SFA, so they must be good guys.

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  1. Delaneys Dunky on 17th July 2018 9:50 pm

     

     

    Because they dont like Medellin in Rangers’s affairs?

  2. Delaneys Dunky on 17th July 2018 9:50 pm

     

    Because they want to keep Scottish football in the stoned age?

  3. Delaneys Dunky on

    WBC

     

    Haha wi Walter Smithy.

     

    Nacho was a sniffer in Walter’s team wi Goram and the despicable Gough. Richard Gough turns my stomach like Torbett does.

  4. Delaneys Dunky on

    Celtarella

     

    At least 5 quality replies JC. Everyone a giggle.

     

    Thank you for making me giggle on a Tuesday night. ??

  5. Delaneys Dunky on

    Dumbhoy

     

    Thank you for that heads up. Quality photos. Feel like I am 5 again walking through Clydebank. I remember every scene vividly. Magical memories now.

     

    YNWA

  6. Parks Buses, it’s a old chestnut,but sad to say Celtic still hire there Buses,I have always said if the shoe was on the other foot ,if Celtic was skint,no way would Park, loan one of his buses to us.Celtic Football Club should have there own Bus, Someone posted that I should stop acting like a Him,but I just said my opinions on things that happen inside and outside,the Stadium, that’s all,no malice in my part,but I’m good for a lot of responses,you can’t take that away from me.

  7. Delaneys Dunky on

    Timbhoy

     

    It is good when the majority do not agree with you. It makes you unique. Keep on keepin on

     

    YNWA

  8. TIMBHOY2 on 17TH JULY 2018 10:57 PM

     

     

    Parks Buses, it’s a old chestnut,but sad to say Celtic still hire there Buses,I have always said if the shoe was on the other foot ,if Celtic was skint,no way would Park, loan one of his buses to us

     

     

    *mibbees, just mibbees we get it for free as its good publicity for the Accies shareholder.

  9. Timbhoy2. I’m glad you’re Timness is sorted with the doubters. Must be hurtful that accusation.

  10. !!Bada Bing!! on

    BOURNESOUPRECIPE on 17TH JULY 2018 6:17 PM

     

    Have we had a comment from Show Racism the Red Card?

     

     

    That hun reptile needs jailed, Jabba will have told the nightshift Laptop Loyal, to trawl up some shite relating to Celtic.

  11. Please allow me to say,I really enjoy this blog,I have since its inception,I haven’t posted for quite some time but,I continue to both read,and often take the side of CQN,however,I have to admit to a feeling of deja vu,between here,PMCG,and JJ sites.have been reading of kings imminent incarceration or expulsion for what seems like an absolute AGE yet,he remainsat large,and at the helm of Scotland’s newest club,let me stress,his leadership of sevco has been an unmitigated pleasure to watch,every single time I think they can get no worse,this guy finds an entertaining and novel way to prove me wrong,long may it continue,the original institution ceased to exist in 2012,one of the happiest days of my 60 year old life,just don’t think it could happen again,he will slip out from under and carry on,that makes me happy.

  12. thomthethim for Oscar OK on

    THE EXILED TIM on 17TH JULY 2018 9:30 PM

     

    TTT

     

     

     

     

    Good to see you back

     

     

     

     

    HH

     

     

    ******

     

    TET, DD,

     

     

    Thanks. Just for the record, I didn’t flounce. I don’t have the breath for a full blown, diva style exit.

     

     

    I announced a close season sabbatical, as without football, I felt the blog was losing the run of itself.

     

    Bickering, nit picking and the bizarre outbreak of talking dogs!!

     

     

    Anyway, I have a good feeling about this season and whilst our trusted vigilantes, both on here and SFM, are keeping an eye on the wrongdoers in the game, I feel that we have Sevco where we want them…..and that is grubbing around in their self created squalor.

     

     

    Cathach,

     

     

    Terrific post, which laid out clearly Celtic’s position within the rotten to the core Scottish game. Kudos.

  13. thomthethim for Oscar OK on

    Hot Smoked,

     

     

    Sevco will obviously finish in the top three or four, maybe even second.

     

    However, it is a European run that they desperately need and no way is that a given.

     

     

    From the little I have seen of them over the past week, there is not one bit of difference between Gerrard’s tactics than Murty’s, even with different players.

     

     

    Even allowing for the early stages of pre season, it just doesn’t look there.

  14. I love this blog. I’ve followed it for years and I am more than happy to reccommend it to anyone who loves the…The…THe…THE FAMOUS GLASGOW CELTIC ! ;)

  15. Johnny Quest…I hear ya!

     

    As for CQN? ‘It’s like ‘The Wash-Hoose’ – Full a gossips ;)

  16. Celticrollercoaster supporting @WalkWithShay on

    How difficult is it to post on this blog from a hand held device

  17. Delaneys Dunky/Ron Bacardi

     

     

    A wee story re Gallachers Bar (The International)

     

    In March 1969 I was the secretary of the Clydebank Emerald Supporters Club and we all drank in Gallachers..

     

    Celtic were due to play AC Milan and every man and his dog wanted to be there that night!

     

    2 Stand tickets were allocated to each cub of the Association but all our members – all working class guys – wanted to watch the game in (Kev’s) jungle.

     

    I mentioned this to the manager of Gallaghers, D Mc L, who said he would gladly buy the stand tickets off me so I collected them and gave them to him at face value!

     

    There was such a demand for tickets for this game that Stand tickets were going for over £100 pounds a piece on the black market!

     

    To this day, I am absolutely staggered that the bar steward thanked me for the tickets but didn’t even offer me a half pint of beer for my trouble!

     

    But then I don’t think he was a real Bankie!

     

    Hail !Hail!

     

    Terrymac

  18. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    BACKINTHEDAY on 18TH JULY 2018 12:33 AM

     

     

    I love this blog. I’ve followed it for years and I am more than happy to reccommend it to anyone who loves the…The…THe…THE FAMOUS GLASGOW CELTIC ! ;)

     

    *

     

    BACKINTHEDAY on 18TH JULY 2018 12:59 AM

     

     

    Johnny Quest…I hear ya!

     

     

    As for CQN? ‘It’s like ‘The Wash-Hoose’ – Full a gossips ;)

     

    ~~~~~~~~~~~~~~~~~~~~~

     

     

    BACKINTHEDAY

     

     

    Don’t let that enthusiasm leave you,we need more of it on here!

     

     

    First competitive home match of the new season,I’ve refused to predict a result since Brendan arrived. I’m gonna stick wi that plan,it’s worked f…..g magic so far!!!

     

     

    Enjoy the occasion,everyone who is lucky enough to attend.

     

     

    HH

  19. mild mannered Pedro delgado on

    After reading some posters views on timbhoy2 and their confidence in his CELTIC credentials.

     

    I believe that they know his identity.

     

    “Ever been on a parks bus “

     

    Former player/employee ?

     

    Or am a overthink it?

  20. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    MILDMANNEREDPEDRODELGADO

     

     

    TIMBHOY2 gets hit hard on here sometimes. Nothing wrong with that,it’s how a blog works,people have different opinions.

     

     

    Personally,nothing he has said suggests to me he is a hunterlouper-in fact I think he’s probably about 70yo and p’d off wi getting ripped off in The Main Stand after a lifetime of supporting our club.

     

     

    He’s not alone in that,I can assure you.

     

     

    Pretty confident he will be shouting on the troops just as much as the rest of us tonight.

  21. Delaneys Dunky on

    Good morning from a very wet Clydebank. There must be a game on at Paradise tonight. Canny wait to see The Bhoys in competitive action again.

     

    YNWA

  22. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    MILDMANNEREDPEDRODELGADO

     

    DELANEYSDUNKY

     

     

    Hope yeezaw enjoy it tonight.

     

     

    GreenwienvyCSC

  23. eddieinkirkmichael on

    Looking forward to tonight’s game, hope BR continues with the 2 up front. Like to see young Mikey Johnston get a start as really the game is over as a contest.

     

     

    Still working in Kent and looks I will have to stay here for a while but the locals are friendly enough.

  24. Probably been asked and answered before but are the planned parking restrictions in force yet?

  25. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    GORBALSTAM

     

     

    I think they were withdrawn,sure hope so.

  26. BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 18th July 2018 7:58 am

     

     

    It says on the GCC website that it is still being considered by officers, but it wouldn’t surprise me if that wasn’t up to date and cars got ticketed anyway.

  27. BMCUW, hi bobby going to a wedding in Cheltenham on sunday, might take joan to see the view at birdlip.hh.

  28. prestonpans bhoys on

    In Oludeniz Turkey for two weeks. Went into town and most shops have ole fake hun top. Orange one and sash one too, looks like Der Hun will be missing a few bob? Bought a Turkey shirt actually good quality for £14. See if it survives a wash when I get back home

  29. weebobbycollins on

    I see they are still trying to get rid of KT…to Juventus this time…they refuse to take NAW for an answer…GIRFUY…as TD67 would have said…

     

    Come back and say hello Tony…

  30. cathedral view on

    Re parking for tonight.

     

    This tweet was put out yesterday evening by our supporter liaison officer.

     

     

     

    Celtic FC SLO

     

    @CelticFCSLO

     

     

    “Info tomorrows match: Existing parking arrangements remain the same as last season, as always the Club asks fans to park legally and responsibly taking account of the needs of local residents”

  31. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    BIGPACKY

     

     

    It’s a smashing view from the top of the hill. Bummer getting onto the M5 from it though!

     

     

    Hope you all have a great time,sure you will. Cheltenham is a lovely place. Not all of it,though.

     

     

    Once got barred from a pub there for buying a J2O for an 18yo who couldn’t prove his age,despite the fact that the place,being a Wetherspoons,was crawling wi kids.

     

     

    Then I think of 16 ROADS buying a case of beer in France when he’s still in primary school!!!

  32. Maybe someone could help me out.

     

    Have the ST cards been replaced this season. I’m on holiday just now, so can’t check the post, and passed the old one to a mate. Will it work for tonight’s game? My niece has been sent a new one..

     

    QF

  33. 50 shades of green on

    Cards stay the same, unless you have moved seat or a change in age ie Jnr to Adult then you will be sent a new card,,, apart from the folk in the standing section who got issued with nice shiny blue ones ?

  34. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    QF

     

     

    Not 100% on it but only Rail/Standing section and people who have changed seats or age categories have been given new tickets.

     

     

    Including blue ones!

     

     

    AFAIK,if your seat is the same,so is your ticket.

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