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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.

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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.

RightBackTo67ADVERT5

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. Personally I would be gutted if in house fighting

     

    at Ipox(if to be believed) resulted in MR King being

     

    kicked off board.

     

     

    After all the millions that man has given them.

     

     

    He got rid of the rats and gave MASH a bloody nose.

     

     

    You have to feel for him.

     

     

    The club and him were made for one another

     

     

    GUTTED

  2. Cosy Corner Bhoy on

    Happy Birthday to ACGR and CORKCELT.

     

    Thought I had posted that already on way back from Souter Johnnies in Kirkoswald whilst sitting in Dobbies as Mrs CCB looked about!

     

    She got next to nothing and I got lost in cyber space again.

  3. Somebody needs to tell these clickbait sites that the huns are skint and are not ‘competing’ with anyone for these million pound players.

  4. The Chase.

     

    Q. Alex Ferguson played for which Glasgow ‘old firm’ teams?

     

    Contestant A Celtic

     

     

    Fool.

  5. prestonpans bhoys on

    Happy birthday to Corkcelt and ACGR, all the best bhoys are born at this time of the year, I’m tomorrow :0)

  6. BARNEY67 on 9TH JANUARY 2018 5:14 PM

     

     

    Bit harsh.

     

     

    Given his public persona, the views he’s expressed about this and that, I can understand why someone might be more inclined to associate him with Celtic than with the huns.

  7. sixtaeseven - 68 trophies in my lifetime on

    Please don’t let the next Admin folks be “Duff & Phelps”…

     

     

    Just give us normal, every-day administrators that will do their job quietly & efficiently.

     

     

    Catering for Daniel Cousin or Jelavik look-alikes should be a no-no during the process.

     

     

    In fact, catering should be of the menu at Aucheshuggle…

  8. Ma pal Mick…have a braw day ya bam! That wee bottle gets sweeter with every moment that passes!!

     

    Awfy braw…

     

     

    Corkie …you keep on being Corkie ! Dinar be put aff wee what Dublin suggests! Hahahahaha

     

     

    May health and happiness follow you and yours….

     

     

    Twa awfy braw Celtic men….

     

     

    Braw.

     

     

    Smiley smiley thing…

  9. i'vehadtochangemyname on

    ‘Kyle Lafferty: Hearts to appeal striker’s red card against Aberdeen’

     

     

    they’ll be hoping for an Edinburgh jury then

  10. Just seen Laffatme’s assault v Aberdeen, seriously can’t believe Hearts appealed that…

  11. GENE, the auld bigoted presbyterian influence is alive and well and living in scotland.unfortunately.

  12. Many happy returns to two of CQN’s absolute finest, Corkcelt and Mental Michael ACGR!!!

  13. Bitton has just posted a photo of himself on Instagram, he’s on a Turkish Airlines flight, 40 minutes ago. He’s been linked with Fenerbace and Galatasaray.

  14. I popped in this morning to wish CORKCELT a happy birthday. I didn’ Know you shared it with ACGR…

     

    ACGR, a big Hoopy Birthday, hope your the same as CORKCELT and are not feeling 70 as well…:)

     

    Keep the Faith!

     

    Hail Hail!

  15. Yesterday saw what we hope will herald the death knell of the ridiculously illiberal OBaF Act. FAC have initiated an email drive whereby all MSPs within your locality can be contacted in a matter of seconds just by clicking on the link below and entering your name, address and email. This is your opportunity to play your part in sending a message to the Scottish Government that we’re football fans and not criminals.

     

     

    https://t.co/Jp8txCpZ7J

     

     

    Supporting your team is not a crime.

  16. Hamiltontim –

     

     

    Tried that one and also one I saw earlier on Twitter but receiving ‘access denied’ message.

  17. The automated email system is now up and running again so please start emailing your MSPs and get your ma, your da, your granny and your alsation dug on it too!

     

     

    celtictrust.net/index.php?func…

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