The exceptional circumstances of season 2020-21, a year without fans, saw both Celtic and Newco furloughed staff and accessed the Job Retention Scheme, through which the government initially paid 80% of wages. Celtic made up the income balance for all staff, Newco, however, paid up only selected staff, reducing their costs and loss accordingly.
Celtic did not make any redundancies during the year, Newco did. If you lost your job while millionaire footballers continued to be paid, you might have a view on “absolutely necessary”. Some of Celtic’s income went towards keeping people in a job during a global crisis. Like Newco, they could easily have sacked staff and left others on reduced pay, but like Newco, they had a choice and chose solidarity with their staff.
In Newco’s chairman statement, Douglas Park opens with a demand that “those in positions of power and influence”, acknowledge the “major strides” the club have made with their diversity and inclusion campaign. I suspect he means the Scottish Government, Celtic would be happy with an equal crack of the whip from the First Minister when she picks her moment to take an interest in football from a podium.
To be fair to Park, he signed the note before reports of more sectarian singing last week. If he is viewing the world through a prism of satisfaction in this respect, I suspect progress under this regime has ended.
Having gone for the Government in his first paragraph, Park dedicates the second to making it clear he would like Neil Doncaster removed as chief executive of the SPFL under the guise of “corporate governance”. Doncaster has steadfastly refused to favour Newco.
“Corporate governance” was the defence then-chairman of Newco, Dave King, gave to the Takeover Appeal Board (TAB) in his appeal against the Takeover Panel decision that he, Douglas Park and others acted as a concert party in their successful takeover of Newco. They lost, TAB upheld the decision.
The October 2019 decision meant chairman King was ‘cold shouldered’, preventing firms regulated by the Financial Conduct Authority from working with him. Those in glass houses should not throw corporate governance accusations around.
The Ghost of Halloween Past.
At the year end (30 June 2021), a Dave King loan of £5m was outstanding, due to be repaid by October 2021. I know what you are thinking. Newco released these accounts on 5 November, surely, Dave King had his money if it was due by October? The first thing that struck me when I read the accounts is that date Douglas Park signed the accounts; 26 October. Accounts are usually dated the day they are released, why were these dated 11 days earlier?
You need to read to page 60 of the accounts to read that King’s loan is discussed as “due for repayment in October 2021”. If it was paid, why not just date the accounts the date they were issued and clarify this point? These things are never random.
The note also reveals King charged 8% for his loan. Nice, if you can get it, not so nice if you are paying it.
There are some key metrics I would like to discuss next. This is all a bit ‘CQN from 2004-2011’, so apologies if we are going over old ground.
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An exhibition from PSG women.Two full backs and two wingers,ripping Real apart.Pace,skill,power from all 4.Interchange all the time.
This is not the women’s game I have been watching in Scotland.
Excuse my lack of company knowledge.
The huns made a loss for the year of £23million.
Do they owe £23m now and if so to whom?
If not what happens to the £23m?
Thanks.
CELTIC MAC on 9TH NOVEMBER 2021 7:54 PM
This morning on this blog a poster advocated an “exodus” of Irish descendants from Great Britain to Ireland.
And this from a self-proclaimed Celtic supporter.
BobMarleyCSC
================================
CELTIC MAC – I missed that this morning, so thanks for highlighting.
Vile beyond belief – never heard views like that from a Celtic fan, or any decent person, in my life. Ethnic cleansing in all but name. Utter poison.
HH
BGFC
PHILBHOY on 9TH NOVEMBER 2021 8:53 PM
Excuse my lack of company knowledge.
The huns made a loss for the year of £23million.
Do they owe £23m now and if so to whom?
If not what happens to the £23m?
Thanks.
————-
soft loans from various “rich berz”.
I didnt catch the headline cumalitve losses since shat into existence, but i seem to recall a figure of £120m (i might be wrong though).
CL money might keep them going partly, but at some point parks weans are gonny want their inheratince back.
Who was the poster?
St STIVS
Thanks!
Why the rush to sign our loanees in the January window.We will have money to spend,but we need a really good midfielder,a really good one,and we have a fighting chance to sign Maeda.
We have the other two tied up for next summer.Nonsense,that we have not.The deals have been struck.
Better to add quality in January to help win this league.Sign the two in the summer.
Daily Telegraph has Gerrard interested in the Villa job, with AV to make an official approach
Compensation to be 2m
:)))))
TURKEYBHOY
I want Jota signed up because I don’t want him being approached by an EPL side in the summer.
BGFC/Celticmac.
Yup the language of racism guised as Celtic fans.
The apron slips
Outright unionist racism and genocide theory on cqn.
We came from that.
Get the rebs on :-)
HH
£2 million should cover the interest due on King’s loan 😂
Shame all this isn’t playing out before an important cup semi-final or a must-win Europa league home game
Philbhoy I assume it is one of Kev J’s under name of Martin O Seville, All his posts are off the wall but this morning’s one took the Biscuit completely,
Kev If you are reading, you should consider starting your own Blog, not saying that in a nasty way, you can write good Prose and your stuff is so off the wall, you would probably get a decent following.
philbhoy
Martin O’Seville @ 1.27am
Narcos mexico season 3 is fab!
RIP SC
AT/BGFC
One of a collective of posters intent on finding religio-ethno explanations and solutions in and to their own self-defined worlds.
ONENIGHTINLISBON on 9TH NOVEMBER 2021 7:27 PM
think Rogers departure owed more to other factors than Gerrard though…….
——
Yes, may have been other factors, however the arrival of Gerrard is a plausible one.
The context on the Ibrox side was that they were being constantly beaten by a first-rate professional Celtic operation led by Brendan, with no prospect of a breakthrough. How could this be changed? A particularly bold move that also appeased the fans was needed. There were those at Liverpool, including the influential Kenny Dalglish, who saw(still do) Gerrard as the heir apparent, and that a job at another ‘big club’ like *Rangers would be the perfect rehearsal, especially if he could ‘turn the tables’ on Rodgers and return former glories.
Brendan was/is very jealous of his standing in the game & CV – he talked about managing for the next 20+ years. At the time of Gerrard being announced as Ibrox manager he would have been acutely aware that he could be quite conceivably be beaten in the two-horse race that exists in Scotland by, not only a rookie -manager, but also, a player he recently bossed. That outcome would have had a devasting effect on his reputation. I contend that it was at that moment that Brendan decided that his inevitable departure should be speeded-up and serious feelers put out. Remember also that at the turn of the year prior to his February departure, we were ‘neck & neck’ with Gerrard at the top of the league. Brendan’s willingness to go ‘at the drop of a hat’ mid-season may have made up Leicester’s mind to sack their manager before the end of the season – they were not in any relegation dog-fight and could have waited.
Very good source saying Gerrard to Villa
Test
An Run,
We already have an agreement in place to buy him for 6.4 million in the Summer.He has obviously signed up to this.Its not the slave trade.I would rather have Maeda and Midfielder signed with January money.
We need them this season.
No EPL club can sign him.Load of nonsense.
Talking of Sevco debt and loans (not you JHB obviously) Dave King has revealed all about the loan Paul67 talks about (keeping it relevant to the blog, you see)
https://www.glasgowtimes.co.uk/sport/19704128.former-rangers-chairman-dave-kings-full-detailed-statement-5million-loan/
It has been repaid but he seems very touchy about accusations of him profiteering by charging a high interest rate. The SA authorities made him do it. He did offer to roll over the loan, because he’s such a good guy and not because he’d be getting a better return on it than anywhere else
He also, rather sleekitky points out that new loans, provided Surrender, no and other directors are secured on property. Which he would never do.
5m for 7 years at 6% secured against what?
Chris Jack saying Gerrard is going
https://www.glasgowtimes.co.uk/sport/19705807.aston-villa-course-name-rangers-boss-steven-gerrard-manager/
Connaire and others , thank you for your prayers for Stuart Cassells. . Stuart was a member of the Lisbon Lions CSC for over thirty years and as An Tearmann pointed out earlier, a home and away match attender.
I’m just back from the Tommy Burns story at the Kerrydale Suite , the first of a four night sold out run. . It was produced by Tommy’s son , Michael.
It was excellent , it was really funny and really sad with the cast particularly those who played Tommy and Rosemary , doing a great job.
Special mention to Ange who was also there. He was brilliant with fans.
The play will have given him another great insight into how special Tommy , our support and club are.
If Villa are really interested in Gerrard then I might change my mind and consider the real possibility that he might go.
My reasoning is not a million miles from that I put forward for Brendan’s departure, i.e reputation, standing in the game, a current winner and the dangers in a two-horse race in Scotland.
There is a chance that Celtic could win the league this season – we are close enough; if we stay there and have a good January window, it could be tight. How attractive would Gerrard look to the EPL in future as a loser? The current financial position at Ibrox is also a factor. Leave now and he leaves as a winner and a *Rangers hero – reputation intact after his first managerial job.
Like Brendan, he might feel that now is the right-time to ‘cash in’, instead of being a ‘hostage to fortune’, with perhaps serious downsides. In time he would be more attractive to Liverpool as a mid-table experienced EPL manager, rather than a one-time title winner in Scotland.
I still think we’ll win the league
Martin O’Seville @1:27am.
“All of the huns in Ireland go to Britain.”
“All of the Tims in Britain go to Ireland.”
Ethnic cleansing?
Where is ethnic cleansing?
As far as I could see, I worked it out as a way to avoid ethnic cleansing, in a smart way by 2 governments.
The way I read that is two years from now there might be a united Ireland ?
So huns in the north of Ireland go to Britain.
And Tims in Britain go to Ireland.
In two years from now Timmy might get the ulster paramilitaries chapping doors asking when Timmy is going home.
And the rest.
Ugliness might make an appearance in 2 years, and heaven knows what will take place if today’s Timmy’s are unfortunate enough to not see where this is going in 2 years.
Brilliant for the great folk in Ireland, who deserve this and lots more.
But what happens to Irish immigrants in Scotland?
Is this post probably the unforeseen solution to the fortunes of Timmy in what would become, big bad, bitter Scotland, on the back of a united Ireland?
I must admit it took me a wee while to understand this post, but it seems to me a common sense attempt to avoid ethnic cleansing, or whatever arrives on the scene in 2 years.
It is certainly something that will need some thought to arrive at a peaceful outcome, for all.
What I read @1:27am, I must admit I had to read it a couple of times to understand what I was reading, that was earlier this afternoon before my CQN debut. 👌
Ethnic cleansing I think is a panty wetters response.
Are we allowed to say that?
Sorry if not, and apologies to all panty wetters. 👍
I’d say it was a good attempt at opening closed minds to what might just be making its way over to greet us.
Or maybe some posters just quite simply don’t like the guy who posted this jolt of a post?
Martin O’Seville might open some sleeping minds with this, its as CorkCelt has said “off the wall” thing that might get folk looking at what the sleekit MSM might just be keeping under wraps until, Billy and his Lambeg drum floot band arrive at your door, during the night, asking when your leaving, etc, maybe the MSM are hoping, and complicit in a “silent operation” to see bad things happen to Timmy?
Paranoia clock cannot ever be switched off in Timdom, not ever.
I’ll say it, thanks Martin for making me think about this, I don’t know if you’re aware of something cooking in the background, and maybe the way you’ve written this, are you being cagey and holding stuff back?
Give us a post to, clarify what exactly your post was about Martin. Take care.
hh ✌
JHB @ 10:07 PM,
That isn’t anything like what happened in reality.
You have looked at a set of circumstances and tried to work a narrative around it.
Brendan Rodgers in his own words “ran football” at Celtic. He did a great job. Too good for some.
He was undermined and stymied by our incompetent CEO and Board.
Brendan Rodgers always wanted to return to England to manage a top team he made no secret of it.
The fact is the longer he was staying in Scotland, the more his credibility was falling.
Leicester City manager was failing and wanted BR to come at the January transfer window but Celtic were playing hard ball and wanted a huge amount of compensation (as is their right).
Leicester City could get BR and his staff much cheaper at the end of the season, they decided to wait and try their luck later.
However several factors came into play. Dermot Desmond had earlier in the season held clear the air meetings with BR and PL after the previous summers transfer debacle. It hadn’t worked and DD reluctantly backed his incompetent CEO.
By January PL was still screwing up transfer deals, whether by choice or incompetence, you pays your money you takes your choice.
Timothy Castagne would be a good example.
We got a mis mash of loanees etc that January when we needed to start a rebuild.
After January a few factors came into play, Celtic were defeated in Europe, the Leicester City manager had lost the plot and they were falling like a stone down the EPL.
So Celtic wanted to get rid of BR, BR had nothing left to prove at Celtic (a European run after Christmas would have strengthened his credentials for a top summer job), Leicester City were prepared to pay a King’s ransome for BR and his staff to save European football for them.
Negotiations went on and a deal was struck between all the parties. Celtic had Lenny lined up.
Celtic then ran a black ops campaign against Brendan Rodgers, using their MSM associates and favoured bloggers.
They labeled him a rat and fraudgers, made his departure seem like a midnight flit, examples of the black ops; hiding the huge compensation package Celtic PLC had negotiated, putting out lies about a Chinese connection and saying that he wanted to leave Celtic with no backroom staff – i.e. take John Kennedy et al with him.
Celtic PLC were a badly run toxic football club BR et al rightly wanted out.
I said so at the time, BR and have went on to prove themselves a formidable team. PL has gone on to show that he was an overpaid incompetent out of his depths running an organisation the size of Celtic.
Hail Hail
Matin O’Seville in his own words.
But what about us Tims?
How would we approach this scenario?
The possibilities as I see it is, another science fiction maybe option, the other option, just a scary likelihood.
1. The UK govt, and the Irish/EU govts, agree to buy ALL of the homes of Ulster Scots on the island of Ireland, and ALL of the homes in UK belonging to, descendants of Irish immigrants/refugees.
The respective govt’s to make it crystal clear that, there will be no debates about the issue, both of these communities are in other countries wrongly. The govt officials today can’t be held accountable for what happened 200 to 800 years ago, but they can shape the future with the purchases of these homes, then switching the communities over and, going some way by directly addressing both communities, reminding them that the present day govts will be here to make this work, not give it a deaf ear like decades of govts have done up until now, a possibility might be to bring in a “temporary” basic income sceme based on living wage levels, and provide support for both communities like a furlough scheme until they are settled and up and working again, and you never know, maybe forge a reconciliatory spirit were both islands are able to work constructively together in a never seen before way, and before you know it, suggestions would emerge for a tunnel from Larne to Stranraer to be built, in this new “Celtic Sea”, “Celtic islands” venture, maybe not “Celtic” but something like that. In terms of the exodus the Irish descendants will be going to isle of Ireland via London to Dublin route, and the Ulster Scots will be leaving island of Ireland, going to Britain via Stranraer route.
If the above happens it’ll be unbelievable but, be the right thing to do. 🙏 ✌
Who knows?
The son of Henrik ????
https://thecelticstar.com/jordan-larsson-linked-with-sensational-celtic-move-but-it-is-almost-certainly-not-happening/
442
Didn’t take you too long……
To End Up Down The Rabbit Hole…..
Avqn
So Gerrard is a Villain?
JVR on 9TH NOVEMBER 2021 11:03 PM
Connaire and others , thank you for your prayers for Stuart Cassells. . Stuart was a member of the Lisbon Lions CSC for over thirty years and as An Tearmann pointed out earlier, a home and away match attender.
I’m just back from the Tommy Burns story at the Kerrydale Suite , the first of a four night sold out run. . It was produced by Tommy’s son , Michael.
It was excellent , it was really funny and really sad with the cast particularly those who played Tommy and Rosemary , doing a great job.
Special mention to Ange who was also there. He was brilliant with fans.
The play will have given him another great insight into how special Tommy , our support and club are.
Thanks jvr for your post.Glad you enjoyed tonight.
I seen a few pics on twitter.rip Stuart.
HH
442 LONG BALL CELTIC SCORE SO SIMPLE
George Galloway had his day. Supported (and still does) many causes I believe in, some I may have marched on. His day has passed though. Clown of his former self when he picked apart whatever committee that was he picked apart over here 15 years or so ago.
Didn’t he pull some Farage stuff as well?
———————————-
AN DÚN on 9TH NOVEMBER 2021 9:17 PM
We are not in any danger of not getting him.
—————————
JHB
‘There is a chance’, ‘it will be tight.’ on our ambitions vs thems? You make a decent point now and again but but always find a wee way to write us off.
—————————-
Night then Slippy if it is. You won 1 in 9 with the help of the establishment that you will not benefit from dan sawf.
CHAIRBHOY @ 11:16
I read your hypothetical explanation with interest. It is certainly more detailed and convoluted than my own. However is it any more plausible?
I respect your personal viewpoint and agenda on Brendan’s relationships & dealings with others at Celtic. Only Brendan, his staff and those at Celtic have the actual knowledge, and no one is talking.
My hypothesis is simpler, but of course given some hard evidence to the contrary, I would have no compunction in changing my view.
Gerrard’s situation (if he goes) is not so very dissimilar, i.e. getting out at an opportune moment, reputation intact – a winner. Perhaps Villa, given an indication that Gerrard was up for a quick move, sacked their manager in anticipation. No doubt Ibrox fans will feel betrayed, as some of ours did with BR, that he has left mid-season
Reputations are hard won and can be easily lost – to put one in danger in Scottish football might be deemed unconscionable by those with lofty ambitions.
AT
Cheers for that wee post.
HH!
Ps Still remember seeing The Celtic Story with my dad as a young kid. Actually… was I going? When was the original play?
AIPPLE @ 11:45
JHB
‘There is a chance’, ‘it will be tight.’ on our ambitions vs thems? You make a decent point now and again but but always find a wee way to write us off.
——
I don’t write us off. I will be deliriously happy should we prevail this season, as I have been on many many occasions in the past.
I try to be realistic, not defeatist in any way whatsoever – I’m sorry if you feel that I write Celtic off – I couldn’t, it’s not in my DNA.