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Newco may face admin and more, but not relegation

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No one can touch the bookies when it comes to promoting their business. One week into the winter break a simple statement saying they suspended betting on Newco being relegated drew interest to the Scottish football betting markets at a time when no games are being played.

Even if they suffered an insolvency event, their 15 point penalty (new club/same club debate does not matter as Rangers insolvency event happened more than 5 years ago) would leave them seventh in the table. Lots can go wrong at a club in administration but Newco are safe from relegation and bookies would be happy to price the risk accordingly.

And let’s remember, Coral established that removal from a league by liquidation (not on the cards, but let’s give Dave King time to work his magic) is not relegation.

Benefactors will need to be found for wages and other costs between now and the end of the season. Then there is the small matter of Dave King having to find £11m to offer shareholders. Factor in his reluctance to do so, the consequences of which could be quite fabulous, and you know why an insolvency event at the five year old incorporated entity occupies so many minds.

Either Dave King makes good on his £50m promises or administration and maybe worse (better) is in the post, but not relegation. You can put money on it.

The CQN Podcast: A Celtic State of Mind (EP28) with former Celtic director Tom Grant

Paul John Dykes and Kevin Graham are joined by Celtic’s ex-director, Tom Grant, who offers a fascinating insight into the running of the club in the 1980s and 1990s.

DTANdzpWkAAjWV3.jpg-large

Tom Grant explains exactly why Celtic refused to complete the Mo Johnston transfer in 1989, and lifts the lid on audacious efforts by Billy McNeill to recruit Peter Beardsley and Steve Bruce.

Tom Grant also dissects his relationship with Fergus McCann, and the impact of the ‘Celts For Change’ movement in overturning the ‘family dynasty’ board in 1994.

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Jim Craig made two of the three goals in the 1967 European Cup Final. There’s a great wee video below for you to enjoy. Get Jim’s new Lisbon Lion Diary – Right Back to 67 from CQNBookstore.co.uk and you will receive a signed copy from the man himself plus a FREE copy of That Season in Paradise – Ten Months of Celtic Heaven signed by fellow Lisbon Lion Bertie Auld! Simply order Jim Craig – Right Back to 67 and the second book will be sent automatically.

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  1. Pingback: Newco may face admin and more, but not relegation | Celtic News Extra

  2. Rock Tree Bhoy on

    As Celtic Supporters have a great reputation for helping out charitable causes maybe we should have a whip round for deidco so they can buy players and mount a serious challenge in the league – well we all know a strong deidco will make us even stronger so it will.

  3. VFR800 is now a Monster 821 on

    Word of The Day (now we know what afflicts SMSM)

     

     

    metronymic /ˌmɛtrəˈnɪmɪk/

     

     

    adjective

     

    1. (of a name) derived from the name of its bearer’s mother or another female ancestor

     

    noun

     

    2. a metronymic name

     

     

    Word Origin and History for metronymic

     

    adj.

     

    “derived from the name of a mother or maternal ancestor,” 1881, from Late Greek metronymikos “named for one’s mother,” from meter (genitive metros) “mother” (see mother (n.1)) + onyma (see name (n.)). Related: Metronymically (1822).

     

     

     

    KTF

  4. Melbourne Mick on

    Hello again all you young rebels.

     

     

    JIMMYNOTPAUL and others from last night.

     

     

    Sorry, just catching up on your posts, no never played against the Bens

     

    but i played a couple of trials for them when Cooper was the manager

     

    didn’t want to, but my wee da said it would get me a coupla bob and

     

    we didn’t have a hapenny then, does that make me a bad person ?

     

    Played a few games for the Ants when wee Felix McKenna coaxed me

     

    to sign during a Govan pub tournament in the sixtes but soon missed my

     

    mates in the amatuer leagues, but the junior league really opened my

     

    youthful eyes, playing against battle hardened ex pros was a real wake

     

    up call and some crazy moments, the Ants had a centre forward what a

     

    player, he had everything, scored goals for fun, head or feet and ran like

     

    the wind,all sorts of scouts were watching him and ready to run on the

     

    park pens at the ready to sign him up for the big clubs, but the polis got

     

    to him first and the last i seen him was being put in the black maria still

     

    in his strip and handcuffed, he was burgling all the big houses in Mosspark.

     

    H.H Mick

  5. mike in toronto on

    BIG JIMMY on 9TH JANUARY 2018 12:01 PM

     

    Another so called Posh wummin in Glasgows west end back in those days, came at me with a paint Brush and a Pot of Emulsion after I had left a couple of tiny wee dirty paw marks on her living room ceiling after fixing her light………………/

     

    *********

     

     

    As I was reading that you had left “a couple of tiny wee dirty paw marks on her … “, I really wasn’t expecting the next word to be ceiling!

  6. GlassTwoThirdsFull on

    I think I’d be more inclined to put money on there being league reconstruction if they did finish bottom.

  7. Melbourne Mick on

    CORKCELT / ACGR

     

     

    Happy Birthday.

     

    Enjoy your day ghuy’s and i hope many more to come.

     

    H.H Mick

  8. Wee Paddy looking great in Dubai,which was a real surprise.Bulked right up.

     

    Get him signed.

  9. Not sure about that Paul.If they went into Admin,a proper Admin done the right way,they would have to lose all of their top earners.The financial state they are in would require a serious cull.Stripped of their better players,a couple of defeats would send the alarm bells ringing.

     

    In saying that,probably get Duff and Flops back again to do the Admin.

  10. VFR800 is now a Monster 821 on

    TURKEYBHOY on 9TH JANUARY 2018 1:01 PM

     

    Not sure about that Paul.If they went into Admin,a proper Admin done the right way,they would have to lose all of their top earners.The financial state they are in would require a serious cull.Stripped of their better players,a couple of defeats would send the alarm bells ringing.

     

     

    In saying that,probably get Duff and Flops back again to do the Admin.

     

     

    ___________________________________________________

     

     

    TB, “stripped of their better players”? Can you actually name one? It seems, IMHO, the same as trying to spot a handsome one!

     

     

     

    KTF

  11. MELBOURNE MICK

     

     

    Mick, you must have played with Frank McGrillen. Think he played with the Ants for about 50 years.

     

    Lived in Iona Court next to Albion Way across from the Wine Alley. That’s when we still had a Govan

     

     

    HH

  12. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    HAPPY HOOOOOOOOPY BIRTHDAY to

     

     

    ACEILERGONOFRUST!!!!!

     

     

    I’d raise a glass to you,ya auld bassa,but I’m working tonight. However,a kind gentleman for whom I’m doing a favour tomorrow,just gave me a Glenfiddih 15yo.

     

     

    Personally,I don’t think it’s old enough to touch yet.

     

     

    But heyho,Saturday might be her birthday. And I’m gonna treat it like it was mine.

  13. Flights and hotel booked for debit at Celtic park.

     

    Bringing Mrs rebelbhoy over from cork for her first ever celtic game.

     

    It would be magical to get two tickets together or even close by if anyone could help me out??

  14. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Harrumph,emdy would think it was only Govan that had a Wine Alley…

  15. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    FESS19

     

     

    Only a jest,bud. TBH,too many places have a Wine Alley. Or a “certain” pub.

     

     

    Crying shame.

  16. Hunderbirds are Gone on

    Didny notice my ole buddy, Autocorrect, had changed dreich into drench until BIG JIMMY reposted it there.

     

    Hmmmmmm, drench. It’s close…. but it’s not right.

  17. BMCUW

     

     

    No offence taken, only joking. Reason I mentioned the pub was because Big Packy said he used to go on the supporters bus from there

     

     

    HH

  18. I’ve seen that Almore fella on here this last week or so scrounging for tickets for the Hibs game.

     

    Disgraceful so it is. As this means that I now have to join a queue.

     

    Thats right . I’m on the scrounge too.

     

    Me and the big ? bro are meeting up in Glasgow for the Hibs Match. First time both of us will have been in town at the same time so Celtic park is a must to do thing.

     

    We need two briefs hopefully close together so any help would be much appreciated. Obviously full payment will be forthcoming.

     

    Thanks in advance.

  19. Paul67

     

     

    All bets are off

     

     

    Mr King theres your receipt you now own 51% of The new Rainjurz in the sh%t

     

     

    Mr Park theres your receipt you now own 28% of The new Rainjurz in the sh%t

     

     

    Mr McCoist theres your receipt you now own 54% of The new Rainjurz in the sh%t

     

     

    Mr Bell theres your receipt you now own 41 % of The new Rainjurz in the sh%t

     

     

    Mr Brown theres your receipt you now own 7% of The new Rainjurz in the sh%t

     

     

    Mr Green theres your receipt you now own 15% of The new Rainjurz in the sh%t

     

     

    Broxy theres your receipt you now own 33% of The new Rainjurz in the sh%t

     

     

    Mr Caixinha theres your receipt you now own 28% of The new Rainjurz in the sh%t

     

     

    Mr Alves theres your receipt you now own 33% of The new Rainjurz in the sh%t

     

     

    Mr Whyte theres your receipt you now own 80% of The new Rainjurz in the sh%t

     

     

    Mr Murray theres your receipt you now own 32% of The new Rainjurz in the sh%t

     

     

    Mr Warburton theres your receipt you now own 27% of The new Rainjurz in the sh%t

     

     

    Mr Barton theres your receipt you now own 22% of The new Rainjurz in the sh%t

     

     

    Mr Paul67

     

     

    All bets are off

     

     

    Mr King theres your receipt you now own 51% of The new Rainjurz in the sh%t

     

     

    Mr Park theres your receipt you now own 28% of The new Rainjurz in the sh%t

     

     

    Mr McCoist theres your receipt you now own 54% of The new Rainjurz in the sh%t

     

     

    Mr Bell theres your receipt you now own 41 % of The new Rainjurz in the sh%t

     

     

    Mr Brown theres your receipt you now own 7% of The new Rainjurz in the sh%t

     

     

    Mr Green theres your receipt you now own 15% of The new Rainjurz in the sh%t

     

     

    Broxy theres your receipt you now own 33% of The new Rainjurz in the sh%t

     

     

    Mr Johnston theres your receipt you now own 40% of The new Rainjurz in the sh%t

     

     

    Mr Caixinha theres your receipt you now own 28% of The new Rainjurz in the sh%t

     

     

    Mr Alves theres your receipt you now own 33% of The new Rainjurz in the sh%t

     

     

    Mr Whyte theres your receipt you now own 80% of The new Rainjurz in the sh%t

     

     

    Mr Murray theres your receipt you now own 32% of The new Rainjurz in the sh%t

     

     

    Mr Warburton theres your receipt you now own 27% of The new Rainjurz in the sh%t

     

     

    Mr Barton theres your receipt you now own 22% of The new Rainjurz in the sh%t

     

     

    Mr Johnston theres your receipt you now own 34% of The new Rainjurz in the sh%t

     

     

    Mel Brooks CSC

  20. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    BOURNESOUPRECIPE

     

     

    Ach,you’ve only been to the posh bit!

  21. The piece about the jungle,to the safe standing area, today,J p Taylor,saying there is a waiting list,for it,well you know what, just build another standing area,at the opposite end, forget about this year or next year, FFS just do it ,I have never met a club like this ,for dillly dalling,

  22. Are we talking Ruggerglen ?

     

     

    Might not be an alley but the train station bus shelter

     

    on a European night resembles Trafalgar square after tartan army

     

    has been.

     

     

    : > )

     

     

    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

     

     

    BOURNESOUPRECIPE on 9TH JANUARY 2018 1:45 PM

     

    BMCUW

     

     

     

    There’s no such thing as a wine alley in the royal burgh,…………… I can assure you of that.

     

     

     

    ToffsUrUs CSC

  23. jeez_I_thought_blinker_was_pants on

    FESS19/MELBOURNE MICK

     

     

    My Dad played CF for the Ants late 60’s early 70s, I’ll ask if he knows any of them, I certainly remember Felix McKenna

  24. TIMHORTON on 9TH JANUARY 2018 12:06 AM

     

     

    tontine tim this weekend could be a beauty.

     

     

    *If your referring to the weather, when I first came here many many moons ago and working in construction where weather dictates if you work or not an oul German told me that because of the lake effect you cannae forecast more than 48 hours, so much for their technology and models.

     

     

    Years later I’m at the airport where weather again is a huge factor, rain snow and storms, and I had access tae a US military interactive website, amazing tool where you can watch the storms crossing the continent, it was amazing as storms approaching from the west would at times turn below the lake and miss us.

     

     

    If they come from the east its good luck which is what happened when the Air France plane slipped off the runway. Was on City TV that night helping passengers cross the tarmac tae Terminal 3.

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