Levein: textbook symptoms of stress in the workplace, bank borrowing

276

I’ve stayed away from the nonsense Craig Levein has spouted about Scott Brown this Hearts 3-1 defeat at Celtic Park. Yes, Hearts disciplinary record is vastly worse than Celtic’s, and Levein’s on-pitch assaults are memorable decades after the event, but we all know Craig isn’t the sharpest tool in the box, so why worry, I thought.

Now the Hearts manager suggests Scott Brown deliberately got himself booked, while Celtic were a goal down to Kilmarnock, in order to incur a suspension before we face Newco: “I think if you look and see if Scott didn’t get booked against Kilmarnock last week and he got booked against St Johnstone then he would have missed the Rangers game. I’ll leave you to deduce what that means.”

Craig, I’m loathed to pop-psych a diagnosis on you, but you are sounding like a man with a tenuous grip on reality. Say what you like about a tackle, we are all entitled to an alternative view, but seeing conspiracies behind such mundane events suggests he is not coping with the stress of football management.

Stress is a killer.  If you suffer, seek help before things get to this stage.

Bank borrowing

The last football club in the country without bank borrowing has managed to secure an “overdraft”.  Details are sparse (it is Newco, after all), but we know the facility of around £3m is secured on at least Albion car park and Edmiston House.  I expect whatever they put in place now will be enough to see them through to season ticket renewal time, alleviating any immediate cash crisis.

There are many more assets available for security, specifically the stadium and IP (if they are so far unencumbered).  This show could run for a while, but you know the final act.

“Great news!  We no longer need to look after as many deeds as we did yesterday.”  I’d call that a favourable settlement, wouldn’t you?

Walk on Fire, with the Celtic Foundation

It’s not often you get the chance to walk on hot coals but that’s the experience you can have with the Celtic Foundation on 23rd of this month.  I know I bang on about the Foundation and the great work they do, but you should not underestimate the sheer human experience of getting involved with these projects.

People have sky-dived, climbed mountains, zip-wired from the top of stands and this month will walk on hot coals!!  When you look back on your year/your life, you will recount these occasions.

Go sign up here.

Click Here for Comments >
Share.

About Author

276 Comments

  1. GreeninbingleyinOslo on

    PARKHEADCUMSALFORD on 8TH FEBRUARY 2018 5:06 PM

     

     

    I am very far from being a financial expert, but it appears to me that the soft loans from directors have dried up and that they have taken out the corporate version of a payday loan from a firm of legalised loan-sharks in order to make payroll for the next two to three months.

     

     

    They are presumably counting on season book money coming in around June/July to repay this secured loan, which might or might not happen.

     

     

    In spirit, It’s the same kind of deal whereby Mr Whyte mortgaged season book sales for two or three years in advance to Ticketus, to generate the funds to buy out First Rangers. We all know the joyous outcome of that one.

     

     

    But the fact that they have put the Albion Street car park up as collateral is a clear sign of their desperation. Without the car park, I am pretty sure they have to close the Club Deck, meaning a huge revenue loss.

     

     

    I have no idea of the interest rates they will be paying on this, but I fear the best.

     

     

    I remember the joke going around when Newcastle United signed Wonga as their main shirt sponsors, leading to an outcry among players and fans alike.

     

     

    Manager Alan Pardew said: “I’ve just told the lads to ignore all the flak and go out on Saturday and give their usual 1,482%.”

     

     

    Administration is the Huns’ best possible option IMO.

     

     

    (Goes without saying that I hope they die and stay dead. It’s a stomach-churning slap in the face every time we have to share a football pitch with any manifestation of Rangers.)

  2. evening bhoys, just been out walking the two westies, proudly wearing my new celtic shirt my wife bought me for my birthday on monday, walking along suddenly a big truck passes and im feckin sure the driver shouted ya feckin taig, could not believe it living down here in englandshire ,the truck had blair international on the side so presume scottish obviously a hun. wont stop me wearing it tho.hh.

  3. BP

     

    Blair int are from ballymena – go onto there website and contact them with details of location and time – they will identify the driver

  4. GlassTwoThirdsFull on

    Did Levein just say he’ll miss the Celtic game?

     

    Is there something we haven’t been told!?

  5. GlassTwoThirdsFull on

    McLaughlin saying things are running at 100mph at the Sfa.

     

    Possibly not in EVERY department…..

  6. A simple question: Just how much should any club be allowed to borrow without affecting the integrity of the competition?

     

     

    At what point does the need to survive over borrowing (or unpayable debt) reach before any club in that position will do anything, including influence with the regulators, to make sure their borrowing policy is rewarded by football success AND the prize money that keeps the debt collector happy to keep collecting the enabling debt plus interest?

     

     

    Should some borrowing limit appropriate to the Scottish game not be part of domestic club licensing as the UEFA break even criteria in UEFA FFP does not seem to be a deterrent?

  7. BR should let Broonie give the teamtalk next time we play the mini huns……that’s if we need one….

  8. GreeninbingleyinOslo on 8th February 2018 6:15 pm

     

     

     

    PARKHEADCUMSALFORD on 8TH FEBRUARY 2018 5:06 PM

     

     

    I am very far from being a financial expert, but it appears to me that the soft loans from directors have dried up and that they have taken out the corporate version of a payday loan from a firm of legalised loan-sharks in order to make payroll for the next two to three months.

     

     

    They are presumably counting on season book money coming in around June/July to repay this secured loan, which might or might not happen.

     

     

    In spirit, It’s the same kind of deal whereby Mr Whyte mortgaged season book sales for two or three years in advance to Ticketus, to generate the funds to buy out First Rangers. We all know the joyous outcome of that one.

     

     

    But the fact that they have put the Albion Street car park up as collateral is a clear sign of their desperation. Without the car park, I am pretty sure they have to close the Club Deck, meaning a huge revenue loss.

     

     

     

    I have no idea of the interest rates they will be paying on this, but I fear the best.

     

    ===========================

     

    Perhaps they said to the Wonga type chaps “After we pay you off we will not need anymore loans because next season we will cut the wage bill to a level where a loan isn’t needed, but not tell our supporters”

     

     

    The Wonga type chap replied ” Sorry chum I lurk on CQN and know that will not happen. I’ll take the car park as security though”.

  9. Auldheid

     

    Not being on a market has helped them, they do not produce detailed accounts, Hearts got 4.5 m from a mysterious benefactor that enabled them to finish the new stand, all money put into a club should be shown on a balance sheet and the source of the money identified, just to make sure it is from a legitimate source,when it is secret when secrecy is maintained and there is no requirement to name the source you have a real problem, Football will look the other way until it is forced not to.

  10. Brilliant description of the SFA from Kris Commons, ‘six drunks in a bar and nobody knows who’s round it is’

  11. i'vehadtochangemyname on

    big packy – don’t forget how much they’re hurting – it brings out the worst in them – and bhoy that’s bad

  12. Big Packy,

     

     

    Just laugh the abuse off and treat it with the contempt it deserves.

     

     

    Don’t lower yourself to do a Lee Wallace. We are bigger than that.

     

     

    This is only my view and is in no way a criticism of alternative advice you have been given

     

     

    HH.

  13. SANDMAN on 8TH FEBRUARY 2018 6:00 PM

     

    P67 is correct to suggest Levein can seek help if he is suffering from stress.

     

     

     

     

     

     

    However, not sure what he can do about being a total wanker

     

    ________________________________

     

     

    PMSL

     

     

    Totally agree with your assessment

  14. prestonpans bhoys on

    Off to Bowness on Windermere for eight days tomorrow. This time I’ve got the BT Sport app on my phone, that way I don’t need to beg a pub to show the EL game.

     

     

    Planahead.csc

  15. MALONE BHOY,regarding watching football in Adeje-the Irish rover or Temple Bar,both two minutes from each other,cheaper beer in the rover,enjoy:-)))

  16. AULDHEID

     

     

    I wonder what would happen if say Kilmarnock or Dundee or Motherwell started to have these kind of loans.

     

     

    Do you think there would still be no questions asked?

     

     

    I somehow doubt it as the Sevs seem to have a rule book of their own.

     

     

    Crisis point for the whole game approaching it would appear.

     

     

    Perhaps our best ever chance of clearing the decks and restocking the decks:))

  17. Auldheid and others have exposed a major scandal in Scottish football. But the story hasn’t gained as much traction with the club’s mainstream support as it should have. Maybe that’s because the narrative is very, very complex. It has been a long time since I had a secure grasp on, say, Res 12 etc..

  18. Our club should not be in the business of earning profits or having money in the bank.

     

    Every penny we have should be spent on the team.

  19. The Blogger Formerly Known As GM on

    Another super, duper presser by BR.

     

     

    Get a subscription to Celtic TV if you’re able to and marville at how he deals with the media,

     

     

    Mrs GM knows little about football and cares even less, but even she laughs when she hears him deal with the, ‘journalists’.

     

     

    Intellect aside, it’s amazing how basic traits of honesty, decency and humility can be disarming and set one apart from others.

     

     

    Pearls before swine.

  20. cant believe my missus, just stormed off upstairs after a row about the truck driver who called me a feckin taig, she said what did you do, i said i ran after the truck shouting you feckin orange barsteward, come here she said how old was he, i said mid thirties maybe early forties,yes she said and your 65 what chance would you have had, made me think.hh.