A bit surprised that Dave King’s gunboat diplomacy saw an agreement with Sports Direct, which will see the retailer’s interest in Newco end next year.
There is little prospect of Newco making much additional income from this over the next 12 months, as this period is where Sports Direct will receive all compensation for curtailing the period of the deal. But a year out, should they still be around, they will be able to negotiate improved terms, presumably with a different kit supplier.
You can ignore the grandiose bluster from some in the media, this will not in any meaningful way narrow the financial gap between Newco and Celtic, the more important question is why Mike Ashley chose to take an early exit. Maybe taking a limited dividend over the next 12 months is a better bet than hoping for a long-term return from a five-year-old business. Ashley’s people will have run various scenarios.
The important medium-term objective for Newco will be to reduce the dependency on shareholder loans to keep the lights on. They are not a millions miles away from this, and with a premium kit deal it should be possible from season 2018-19, but the central question you and I have pondered occasionally over the last five years remains:
Is a ‘Rangers’ football club commercially viable earning £50m less than Celtic and trailing hopelessly in their wake? I really hate the ‘know your place’ sentiment, but we’ll not have an answer to that question until self-awareness dawns, and there is a realisation that second placed cannon fodder is the best they can hope for.
Aberdeen have lost players (sorry about that) and are likely to be weaker next season. Hearts Cathro experiment looks unlikely to make any sort of challenge, so the Best of the Rest opportunity is wide open. Dream time, for those at Ibrox.
Get involved with the Foundation
There’s a great opportunity to get involved with the Celtic Foundation coming up in October with the Great Scottish Run. Each year the number of Celtic fans who get the trainers on and sign up for this event grows.
It is a magnoficen magnificent thing to do, great for you, and you get to do your part for the Foundation.
Go here for sign-up information. See you there!
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Linfield away Friday 14th July
Jackson Irvine on for the Aussies.
TWC – many congratulations to your son. Hard work but well deserved reward.
Did Billy Connolly get his degree for explaining to the world the physics of parking a bike?
Roger Milla on for Cameroon
excellent interview with the manager on Celtic tv
Sssssshhhhh………………..the Rainjurs are coming
The Big Hoose says buy old stock
THE EXILED TIM on 22nd June 2017 5:28 pm
Auldheid
Me thinks you know the answer as to what Celtic will do.
They want the huns giving us competition so they will do the three monkeys
HH
===============
As a shareholder. I would want to know if
a) Celtic agree that fraud took place from the first of the side letter, which we now know were not reported to the SFA, not because one of the games best administrators (Dickson )and his MIH tax adviser (McMillan) ), did not think it necessary, but because he/they knew in 2005 that admitting their existence to authority (as in HMRC) would end ebt use. LNS said there was no question of dishonesty in his ruling but that was only possible because evidence of dishonesty by the same parties handling player contracts with ebts was kept from him.
b) Celtic agree that the UEFA Licence was obtained by deception, kept by deception and covered up by deception and what assurances they can give us that there can be no possibility of a repeat. What steps will they be taking to safeguard the integrity of Scottish football?
If enough shareholders (and supporters) in number ask those questions answers will be so much more difficult to avoid.
Celtic have been handed a smoking cannon now loaded, the final fuse will be the SC decision but even then deceit and non disclosure happened in the WTC and the UEFA Licence. A SC Decision in favour of HMRC will just mean a bigger BOOM.
!!BADA BING!! on 22ND JUNE 2017 5:47 PM
Roger Milla on for Cameroon
——————————————————————
Well the Aussies did bring on Tim Cahill. Whos only 6 months younger. ;-)
WDH
Can’t wait for Part2
B67 – :))
Celtic Underground podcast on Res12 now up.
What is Res12?
https://soundcloud.com/harrybradycu-2/the-celtic-underground-a-full
Celtic donate any unsold kit to the poor of the world
The gullabillies are buying old stock, as they need to pay Ashley a fortune anyway, for any unsold merchandise,meanwhile their official twitter says they are too late to register a new kit for next season, yet they have another 7 days to register a new one, are these thick huns actually swallowing this?
TAL: Sad news about your mother’s passing,S. RIP
A prayer said and candle lit for the repose of her soul.
Is it just me or are we CQNrs having a run of bad news re families and friends. Feel I have been in so many churches recently I should be getting a pass from Sunday mass for about 6 weeks!
Ian Wright doing his pundit on Fox in US for Conf Cup, some gravy train these guys are on…
Stop laughing you naughty Tims.
The Ragers are tooling’ up for the new season and we had better be ready:)))
Hohoho Pedro’s got to go before Halloween
Get yer auld deleted stock strips here dot com
The gullibillies
Dedicated follow followers of fashion #kinkscsc
TWC
Congratulations to your bhoy on a fine result. The family will be proud.
HH
Mind this time last year it was about Joey Barton?
Pog, hope the recovery is good and swift
HH
The huns taking retro to a world record level…
Good evening, friends.
Our last evening in Puerto Pollensa and time to start (ahem) emptying tbe fridge….
Would highly recommend this beautiful resort and Mrs Baldie already hinting at a return week in late August*
Jobo
* Champions League ties permitting…
Auldheid
They have ignored Res 12, is that not an answer, they will do nothing, I will bet my life on it.
HH
JOBO
Ambrosia in the Port, try the ribs
FRIESDORFER, thank you my friend. As long as I don’t have to change my name to Vincent ;-)
I blame Kafflik Schools
BSR
Missed that one and The Boss is already set on a return visit to Nicos. Think she liked the handsome waiters…
Still, means that Ambrosias wil have plenty spare ;-)
New tenant upstairs appears to have invested in a pair of Nike Sederos boots. I’m glad I don’t have a hangover!
Nike Senderos
Bsr, Pog, belters. ;-)))
In Austria for a couple of days next week and Ive just realised so are Celtic. Problem is I’m in the Vienna area and Celtic play in Linz ,2hours drive away . Wonder if I can arrange a little detour? Maybe an obection or two though.
BOURNESOUPRECIPE 22ND JUNE 2017 6:39 PM
Shoulda gone to Holy Cross!!
HH
I see that shortbread have rediscovered football with a focus on sevco selling old stock.
Auldheid
Just listened to your podcast with Harry.
I was one of many thousands who were defrauded by cheating by RFC .
I also paid for that privilege
Thank you for your PERSISTENCE
HH
Makes perfect sense to me, good stuff from James Forrest
https://thecelticblog.com/2017/06/blogs/did-a-legal-threat-from-puma-force-dave-king-and-sevcos-hand/
TAL, condolences on the loss of your mum.
Sad news.
TAL- Condolences HH