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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JHB 11:46 PM,
You just can’t say my comment is hypothetical and your narrative has the same credibility.
You are for one thing absolutely wrong on the neck and neck stuff.
Things had been close before the winter break but afterwards Celtic were powering away. Rangers were faltering.
Celtic were out and out favourites to win the league. Since the break we had lost one goal in the league, when Motherwell cheated and didn’t give Celtic the ball back but ran up the pitch to score.
The neck and neck thing is absolute balder bash, Celtic were well ahead on points and goal difference.
You can’t make up facts to support your narrative.
There is evidence and quotes for everything I state and I’ve put the evidence on here in the past.
So please don’t equate my knowledge and stated facts as hypothetical and don’t equate your narrative and opinion not supported by the facts as credible.
Hail Hail
JHB
Appreciate the reply. It’s just I see you write good stuff on occasion and I probably shouldn’t judge or critique.
On the odd occasion I would troll FF I would try to get in wee digs (autocorrect was insistent I meant dogs!) leading up to the big ones and perhaps I’m just paranoid because I do it but sometimes I see those snippets in your posts.
The more the merrier.
HH good sir and may we all be celebrating in May.
My good lady just brought me a new SIM card for my phone. This one seems fine.
Hmmmm
Never believe the MSM.
Front page, to back page.
Masonic smoke and mirrors on every page.
Every trolley dolly newsreader is a skilled craftsperson.
Every blue tie McKay eye eye eye, is a skilled craftsperson.
Don’t let them into your head to make you sleepwalk into all of their sleekit traps.
Sing songs with the main word being ‘Celtic’ its that love from us for that blessed name, that sets these skilled craftspeople wild with envy, as they know that ‘Celtic’ is the drug that makes us do beautiful things.
https://celtic.vitalfootball.co.uk/the-celtic-fans-dens-park-touch-of-class-that-wasnt-reported-on/
CELTIC MAC on 9TH NOVEMBER 2021 11:26 PM
442
Didn’t take you too long……
To End Up Down The Rabbit Hole…..
What rabbit hole?
The entire post is a rabbit hole, that’s why I asked for Martin to give us a post to clarify what he meant.
I checked and haven’t seen a post from him since.
hh Martin keep safe. 👍
AIPPLE @ 12:01
I, in turn, appreciate your reply. I have no problem with someone offering a different view in reply – sometimes I learn, and am always willing to consider my view in the light of new and compelling evidence.
I don’t please many on here, but that’s OK, it’s not my reason for posting, neither do I set out to offend, however if my views do, thats also OK – offence is innately subjective.
CHAIRBHOY @ 12:01
So please don’t equate my knowledge and stated facts as hypothetical and don’t equate your narrative and opinion not supported by the facts as credible.
——
I consider both our honestly held opinions as hypothetical.
Your version may be completely right and mine totally wrong, or, vice versa. There is probably some truth intertwined in both.
One thing – can you check the league table at the end of 2018 – to my recollection there was a point separating ‘us and them’ at that time….so “neck & neck”. When BR actually left 26 Feb 2019, we were eight points ahead and £9m the richer.
JHB @ 12:36 AM,
That is not the case, you are factually in error and I’m factually correct how can booth narratives have the same credibility?
So it’s not a matter of your views its a matter of fact.
You say that Leicester City were not in a relegation dog fight and could have waited.
It wasn’t a matter of relegation, it was a matter of Leicester wanting European football and Brendan Rodgers and his staff secured that for Leicester.
Which means their compensation money to Celtic was money well spent.
Also the notion that was banded about by Celtic black ops that Leicester City was prepared to wait until the end of the season was a lie.
At an inaugural press conference in Leicester Brendan Rodgers stated that LC were not prepared to wait and that Peter Lawwell knew this and could verify this.
You are promoting lies that have been discredited and are making up “facts”. Eight points clear and nine goals clear is not neck and neck in any reasonable person’s assessment, so stop making things up.
Hail Hail
AIPPLE on 9TH NOVEMBER 2021 11:45 PM
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?
George Galloway, a clown of his former self? How so?
He’s so much of a clown, that he’s had 4 death threats this year already.
An indication of who the establishment really fear maybe?
Not a single MSM journalist, or any MP, will go head to head with George Galloway, because he’ll hand them their arses.
Alex Salmond bottled going head to head with George Galloway in May’s Scottish selection, on BBC Scotland, and online outside Stirling Castle.
Online because ScottishMSM are terrified of Galloway.
He now is leader of, Workers Party Great Britain, 100% working class socialist policies, somebody posted their 10 point plan on here the other day, I’ll go back and try to find it, blows Tory, Lab, Lib, Grn, SNP, out of the park.
He voted for Brexit, so did Farage, and any working class clued up person also voted for Brexit.
Just look at the efforts of the neo liberal establishment and their MSM attempts to overturn Brexit, the present Labour leader tried to overturn the Brexit vote, 48 times.
I don’t see how Labour could ever be trusted again after that, and their smearing, and trashing of socialist, Jeremy Corbyn.
Corbyn tried to appease the swamp, and was eventually spat out by the swamp.
Galloway doesn’t run, why should he? He puts the swamp on trial, that’s why they won’t go near him, or they’ll have a career ending confrontation.
Check him out on Twitter, its an eye opener. 👍
hh ✌
On the Scousewegian becoming a Brummie…
Dunno if it’s true but it surely makes money sense to the fiscally torpedoed boat that is the HMS RAGERS.
They get compo for Gerrard, Beale and Co – which instantly helps their fiscal plight.
They leave McAllister at the helm.
Steevie splashes some Villadosh on Goldson, Kent and MoreOrLess – this solves longer term cashflow issues.
They then buy some January window dressing to placate the revolting natives.
With a Lanarkshire brotherhood making honest mistakes, they hope to still be close-ish to us at season’s end.
So Steve’s departure could be a windfall.
Won’t matter – co Ange will have us roaring – not purring – by early 2022. And we win the league plus a Cup.
Looks like I was wrong, Gerrard reportedly away in most of the papers. Farewell Stephen Gerrard’s ‘Rangers’ FC, and hello again to plain old ‘Rangers’.
In all honesty, a manger of the old Rangers that delivered one league in three years, no cups, losing the other league titles in March and being kicked out of the CL by ten man Malmö would be out of a job.
PR management for Slippy has been superb and he looks set to attain a post his cv in no way qualifies him for.
Morning Celts
HH
442 LONG BALL CELTIC SCORE SO SIMPLE on 10TH NOVEMBER 2021 12:59 AM
“He voted for Brexit, so did Farage, and any working class clued up person also voted for Brexit.”……
………………
If Brexit was is so great…WHERE is the £350 MILLION per WEEK….that ALL Brexiteers told us would be given to the UK once we left the EU ?
Just like the Chump ” JHB” in the recent past, YOU DELIBERATELY FAIL to make mention of THAT £350 MILLION per WEEK ,
Has Bonkers Boris been spending it all on his Flat, and all of his mates Hooses ?
Brexit was and IS a Feckin Tory disaster.
AN TEARMANN on 10TH NOVEMBER 2021 7:14 AM
Morning Celts
…………….
Morning my friend.
And Good Morning to my good friend DAVID66, and I hope that you are feeling better. Let me know when you feel Fit enough for a right good Bevvy…its on me !
HH Bhoys
DAVID66…..
I got my best Pal of 15 years back home yesterday, in his wee Beechwood Casket with his name ” ROCKY” on a wee brass plate, on the top of the Casket.
It is a great comfort for me just now as my Hoose wasnt the same without him…MON The Rocky Bhoy !
HH Mate.
Morning all. Anyone know exactly how a buy-out clause like Jota’s works? Is it just a case of if we pay the money and he wants to stay, it goes through?
HH
442 LONG BALL CELTIC SCORE SO SIMPLE on 10TH NOVEMBER 2021 12:59 AM
……………
next time you are speaking to George Galloway….ask him ” Where is the £350 MILLION per WEEK, that ALL Brexiteers PROMISED would be given to the UK, for the NHS, Education…. Blah Feckin Blah ” ?
Feckin LIARS…The lot of them.
Good morning all from a dry at the moment Garngad
Big Jimmy – Good news about wee Rocky’s casket and thanks I will be in touch about a bevvy, 4 weeks this Friday not had a drink. To give bloods today and see how the auld Liver is doing after recent illness.
On the Slippy G to Villa pish I turned on sky sports and they are still talking about everyone bar Gerard to villa.
D :)
442 long ball Celtic score so simple on 9th November 2021 11:08 pm
Increasingly deranged.
BIG JIMMY on 10TH NOVEMBER 2021 7:30 AM
Good to see you in such a positive frame of mind Re Wee Rocky.
Good mhan.
J
Slippy G to Villa? IF it goes ahead, I have my doubts, then only 2 or 3m in compensation not the hunners of millions talked about in various places? It will help of course as not only is the wolf at the door, he’s broken it down and now has a place in the boardroom!
FASSREIFEN on 10TH NOVEMBER 2021 8:12 AM
“Morning all. Anyone know exactly how a buy-out clause like Jota’s works? Is it just a case of if we pay the money and he wants to stay, it goes through?”
HH
If he says Yes then negotiations on personal terms would then take place, if that all falls into place then that’s it, as the fee has already been agreed with his club, por cierto
With us in mind….
Slippy G heading off to Villa on his lonesome = not much of an impact.
Slippy & his entire management team off to villa = massive impact.
Beale’s the brains, McAllistair the local Louden Tavern tour guide and Slippy the mask that allowed them to believe they were not a young club with 1 major trophy to their name.
Will the bat signal go up for Murty again ?
HH
Almost every football writer in the UK is saying Villa are going for Gerrard. If this move doesn’t happen then the entire sports media is full of it and shouldn’t be taken seriously again.
Leaving mid season with the back room team and a hellish run of fixtures up until the winter break is a perfect scenario for us.
They won’t get a big name to come in because they’ve no money to fund it – slippy has been banging his gums for months about lack of transfer funds. That won’t go unnoticed by potential replacements.
It’s a big blow to them and the compensation still won’t keep the lights on till May.
Perfect.
Por Cierto, thanks very much.
Mr Murty asking Mrs Murty where his brown brogues are.
I’m not sure Gerrard would be foolish enough to take on this role, or any other, without his backroom team.
I’m not certain he will make this move. If he does, it’s a massive advantage for Celtic in the league.
Huns would be in denial to suggest otherwise.
Re Gerrard
I had an interesting chat with the manager in Curry;s/PC World at the weekend which is fairly indicative of the vast majority of conversations I have about Scottish football in and around Dublin.
I had my Celtic mask on so he came over to ask if it was Celtic or Shamrock Rovers. He immediately started going on about Rangers(sic) so I asked him not to swear in front of my wife!
Big spiel about how Slippy G was brilliant and Rangers were now way ahead of Celtic and we needed to invest etc etc. A cheerleader for Rangers due to Slippy, typical foreign club TV fan with a vicarious sense of belonging. I kid you not; i have heard guys in the pub celebrating with Manchester and Liverpool accents
All Daily Record type sound bites. On closer inspection he had no idea what ours or their score was in europe, no idea what players we had bought, or the league table. He was also not aware of Beale and his role with the God-like Slippy G although he knew McAllister was there because he played for Liverpool.
He can’t wait for Slippy to follow Klopp. When asked how it went under Souness and how much money was wasted chasing the league for 30 years, he suddenly had work to do.
The reason I put this up is that Slippy does still have messiah status in in Ireland so it must be off the scale in Liverpool
I think his stay/go to England this season will be based on whether he thinks he can retain the league. That means funds in Jan window. Can’t see that happening but also can’t see a mid table team looking for a manager in Jan (mostly relegation battlers).
It kind of adds up that the Villa job is ideal but I’m not sure he will be offered it if experienced coaches are in the frame
login.
and the lesson for today,
dont buy a tv in the Currys shop in dublin, the sales guy is a nugget
Jota.
I would go as far as to say personal terms would already have been agreed with him and his agent before he agrees to go on loan.
The “option to buy” clause, with an agreed fee and a given date would suggest the Player has to sign up to the loan agreement, his wages during the loan period will be x paid for by the clubs in this framework. And should there be a desire to do the purchase clause the wages will be x for the duration of y.
My opinion only, and working with Lease agreement contracts every day, I would expect they all want the legalities known at the beginning of the deal, otherwise why bother having an option to purchase that the player himself can refuse. That doesnt make sense.
Fretting over nothing.
Look to all the other loan to buy agreements we have done. No other club got to gazump us, and nobody stole a player from beneath our noses. Because it was all agreed what the levers were. Test drive with an option to buy. Dealer cant say, sorry i sold it while your were out with the plates on.
SAINT STIVS on 10TH NOVEMBER 2021 11:26 AM
and the lesson for today,
dont buy a tv in the Currys shop in dublin, the sales guy is a nugget
————–
😂. Sorry for the spiel – I’m struggling to stay civil here these days!
exhibit a m.laud
Hendry had to go to Oestende as per the terms of his loan agreement. Then they can sell him to brugge.
————-
Oostende
Hendry was loaned to Belgian club KV Oostende in July 2020,[19] and Celtic gave the Belgian club first option to buy him.[20] In his Jupiler Pro League debut in September 2020 he scored a last-minute winner against KV Mechelen to clinch a 1–0 victory for his new club.[21][22] Hendry moved to Oostende on a permanent basis in June 2021.[23]
Club Brugge
On 31 August 2021, just two-months after signing permanently for KV Oostende, Hendry joined Club Brugge on a four-year contract.[24] He featured in Brugge’s famous 1-1 Champions League draw against a star-studded PSG side (featuring Messi, Mbappé and Neymar playing together for the first time), and was named as Player of the Match by the BBC.[25]
CONEYBHOY
not at all, it was funnish and obvoiusly he got on your nerves, as they all do.
Coneybhoy –
I had a similar experience in Belgrade a few years ago. Finding myself alone in the city I went to the Celtic bar, was the only person there on a Sunday afternoon so I got the two kids working there to put on Celtic v Kilmarnock (wish I hadn’t, the 2-1 game in 2018, last minute goal for Steve Clarke’s Killy).
Got talking to the Serbian lad behind the bar, he was a mad Liverpool fan as well as Celtic, told me Gerrard was the best player in the world. This sort of adoration for Gerrard is held by people in cities and towns all over the world.
In consolation, his girlfriend (the other bar staff) knew more about Celtic than anyone I’ve ever met.
CONEYBHOY on 10TH NOVEMBER 2021 11:35 AM
SAINT STIVS on 10TH NOVEMBER 2021 11:26 AM
and the lesson for today,
dont buy a tv in the Currys shop in dublin, the sales guy is a nugget
————–
😂. Sorry for the spiel – I’m struggling to stay civil here these days!
__________________________________________________________________________________________________
Ireland is absolutely full of these types, wouldn’t cross the street to support their own LOI team but are ‘diehard’ Liverpool/Man Utd/Man City/Arsenal/Chelsea(what??!!) no doubt Newcastle in the future if they win something supporters who have no idea and like their English brothers think that Scotland is The ‘Old Firm’. Know even less about the SPFL but are fed nonsense by the Oirish Sun/Mirror and Sky Sports who think that Slippy G is a god.
new article posted.
If there was a league table for the most boring man in fitba, Dean Smith would be at the top.
But there isn’t. And now he is free to bore the pants of the supporters of whichever club makes the mistake of hiring him. That alone should have got him sacked, that and thinking Danny Ings was a top striker, but he aint what he used to be. One thing Aston Villa do have though is money, and plenty of it, and if they do indeed want Gerrard in charge they will be able to offer him far more than he is getting at Ayebrokes. And dont forget, he never made the kind of money lesser players are paid now. Sure RIFC will get some compo, but that will go only to those who have been lending the past 3-4 years, especially now that Dave King has been paid back with interest. Losing Gerrard and his coaches would be a body blow, to their SPL and Euro hopes, so lets hear that ol’ WWI ditty,
Pack up all your woes and go….
Bye Bye Stevie