It’s not often CQN quotes the Daily Record, so hold onto your bonnets……….
Most of us have been watching the old media/new media for years. Actual news is now well and truly in the domain of the new media but when it comes to some matters, the authority of the old media seems to be greater than the new.
Think back to those scenes at Inverness last year when Jelly ‘n’ Ice Cream was given its first outing. That reaction came after the Daily Record put their weight behind the notion that many of us had been saying for weeks/months/years, that Rangers were going out of business. It wasn’t actual news, everyone had heard the same stories many times, but when the Record went on-record, the remaining doubters were convinced.
Viewed through this prism, when today’s Record raises the spectre of police and liquidator action, even the most sceptical must know things are serious. This morning they urge Newco’s chairman Malcolm Murray to:
“Tell the stock market his board understands the explosive nature of Whyte’s claims and that they are on top of their duties. He should order his own investigation, hire independent accountants and lawyers to examine all evidence, while co-operating in full with the police and with liquidators BDO.
“That’s the kind of decisive action Murray should be taking this morning and I suspect it’s precisely what he wants to do. But if he does not emerge at some point today or tomorrow then it means he is being undermined by his fellow directors who have baulked when implored by him to do the right thing.
“His allies – if any – should go with him because if they share his concerns but fail to act upon them they too risk massive reputational damage. Maybe even worse than that if the police become involved. That’s how serious the situation has become”.
The allegations made by Craig Whyte last week are more serious than any charge previously levelled at a football club board in Scotland, infinitely more serious than what has been alleged about Craig Whyte, Sir David Murray or Campbell Ogilvie. They have, of course, come from a man who has been shown to be liberal with his use of facts, but they have been made about Green, who has admitted he tells people what they want to hear in order to get his way.
The Record have also realised the consequences of Green and Whyte colluding during the administration process:
“Green was eventually allowed to pick up the club’s assets for the paltry figure of £5.5m. A deal agreed with Duff and Phelps which excluded rival bids from any other party.
This was as unfathomable agreement that may have cost creditors millions – and which was triggered the second Green’s group stumped up enough money to secure preferred bidder status.
Now it has been further claimed that in order to help scramble that deposit together, Whyte dumped £137,500 into an account belonging to Ahmad’s mother.
Again, this will be of great interest to the authorities because, essentially, this was the very moment Green and his backers were given a clean run at picking up a £50m business for a pittance.”
Newco’s independent non-executive directors, including the chairman, are in a difficult position. If they were not previously aware of the collusion between Green and Whyte they may be of a mind to resign, but as non-execs, it was their job to look after the interests of stakeholders before the smelly stuff lands, which they have clearly failed to do.
Scottish football has had a troublesome couple of years as it prepared for and dealt with the consequences of the liquidation of Rangers. Unless Whyte’s claims can be proven to be without foundation, and unless BDO take a kind view of Charles Green’s agreement with Craig Whyte, the months ahead will at least provide some finality. Stewart Gilmour at St Mirren will have a great deal to think about ahead of his board meeting on Wednesday.
Just think, without so many people backing Charles Green the ‘Rangers’ brand could be in the hands of Brian Kennedy right now! If you see someone preaching the gospel according to Charles Green, don’t try to undermine their faith.
Photo by Vagelis at Biglens
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bournesouprecipe
12:56 on
9 April, 2013
Christina Hendricks CSC
Pixie Lott CSC
——————————
no foties ????
sannabhoy
The act or practice of closing a position by selling a security slowly over the course of the trading day.
Craig Thomson set to make an Albert of tonight’s Dortmund game.
Google paedophile government. Pages upon pages of the stuff.
Yet nothing…………
What’s this got to do with Celtic? ………..
Richie
Constantly in my mind’s eye – new article podium winning attempt coming up
sannabhoy @ 12 38.
Imagine you own -eg 9000 shares .
Imagine you want to sell those shares .
You may find it better to sell those shares in stages at different times ..
Doing so is called a Periodic Auction Call
The Singing Detective Demands The Resignation Of Campbell Ogilvie
12:47 on
9 April, 2013
Friends..! Romans..!
And Those Tedious ‘Plastic Paddies’..!
Pray Lend Me Your Ears..!
~~~~~~
Margaret Thatcher took a ruined, dishonoured and bankrupt Britain and left it prosperous, confident and free
—-
You forgeot to add the obligitory
Ein Reich, Ein Volk, Ein Thatcher, Sieg Heil, Sieg Heil, Sieg Heil
I can’t be certain but would, with some confidence, claim most Celtic fans would much rather be labeled as a “tedious plastic paddy” than a Nazi Sociopath
close to post…..999
call the podium police
batons at the ready
jam67
Celtic Trust @TheCelticTrust 1h Just been reminded to keep including the link. Here it is: https://www.celtictrust.net/index.php?func=d_home_msps … Remember to give your full address and tick all boxes.
BSR ,
I know that – just thought if that’s the case (re presentation) – it looks a wee petty to me.
ASonofDan – not any clearer ! why would RIFC’s trading be in that state ?
Sanna
Grand…..
SoT , slightly clearer.
Does that mean there are a pile of Sevco shares waiting to hit the market ?
SANNABHOY
I suspect that there’s pile of something about to hit sevco shares…..
1001 cleans a big big carpet for less than half a crown
New Canticle
Liviboy
The TV fan has to pay the same as the match day attendee.
That does not mean £28 a game but a level price to watch Celtic play by whatever medium..
Using the Overeas Season Book I pay equivalent of £7.89 per game to watch all 38 matches, less if you include cup games.
We all watch the same product of the income Celtic earn but the load of pulling in that income needs to be more equitably shared or quality will inenevitably reduce.
In very simple terms if you are watching a game for free that you could afford to contribute towards the cost of and the means of doing so exist, then you are being subsidised by those who do pay.
The times are a changing and so must the thinking.
Its up to Celtic to find attractive ways of enabling watchers to pay but its up to the support to realise that it is ourselves we are ultimately harming in terms of football quality if we do not choose to use those ways when we can afford it
bsr ,
i think something is gonna need clearing up soon. Suspect a fan may be involved as well.
.
Congratulations to Craig Whyte on his Engagement to Carol Thatcher..
Summa
Jokes and Puns to Follow
Regarding ticket prices.
If Average Season book is around £400 (and it is probably more) then 40K SB sales is £16 Million a year
It also means paying about £25 plus per single match ticket (on average)
If the club could get the average price down to £36o and sell an extra 5K of them they would get the same ticket revenue and be able to offer average single match tickets at £20.
If the club decided it’s better to haev full houses and increase matchday revenue, advertising, sponsorship etc that comes with it and took a risk at an average of £300 a season book then ticket revenue from SBs would be
£13.5 Million at 45K season books sold
or
£15 Million at 50K season books sold
this would allow for single tickets at an average of £18
Not passing any comment. There are various arguments for various pricing structures. But we must not lose site that Celtic is a club for it’s community of supporters not a business with the purpose of rasing revenue. A balance must be struck. We need to decide what it is we want from Celtic.
Of course with increased TV or internet streaming revenues we could do more with regards to ticket prices.
But we can’t do nothing.
It has to be looked at and not in solely business terms.
*Drums Fingers*
Waiting to see who Sevco get after the split
Just heard Chuckles ‘ I have a message for the Rangers fans…..No surrender’ statement in his Clyde interview.
Astonishing. If the SFA don’t come down on this on the back of his racist comments (which he defends), then it really does mean whoever owns that rancid club can say what they like with no punishment whatsoever.
BOURNESOUPRECIPE
Got a feeling sevco will have to deal with many splits in the near future.
Just to wind them up,we’ll call them schisms….
any computer chaps out there help…………
macbook or macbook pro?
sannabhoy .
Basic supply and demand stuff .
Creating a surplus tends to lead to a lower price .
One way of attempting to reduce the size of the surplus is to sell the product in stages rather than all at once..
It suggests that some people are trying to minimize their losses
Bawsman
12:16 on
9 April, 2013
quonno
11:06 on
9 April, 2013
Do you actually remember the state of the country when Blair took over from the witch?
Did somebody airbrush the 90’s?
After much delay, deliberation and consultation with other football authorities, the Spl has announced the post split fixtures:
CELTIC:
Barcelona (a)
Real Madrid (a)
Brazil (a)
Argentina (a)
West Germany (a)
MOTHERWELL:
Eventide retirement home for gentlewomen (h)
“Little Ones” nursery for under 5’s (h)
The occupants of plots one to eleven Lambhill cemetery (h)
Eleven of the dead horses rejected by Findus (h)
Room Seven, top floor, Madam Tussauds (h).
no, I’M Neil Lennon
That might be me
Apple CSC
bournesouprecipe
lol!
New article posted.
no, I’M Neil Lennon “i’ll never walk alone” (fourstonecoppi )
ZX Spectrum. ;0)
South Of Tunis
13:09 on
9 April, 2013
sannabhoy @ 12 38.
Imagine you own -eg 9000 shares .
Imagine you want to sell those shares .
You may find it better to sell those shares in stages at different times ..
Doing so is called a Periodic Auction Call
================================================
Financiers have a lovely way of trying to bamboozle people with their terminology.
How can they not just say it’s called ‘selling smaller chunks of my shares at different times cause I don’t want to devalue them to much’?
Simples.
BSR – I have a feeling the Sevco split is just around the corner.
charliesescapestrategyCSC
croppybhoy
At face value you might think that having filleted the company for £60M over the years, retiring was an option for him, but the likelihood is that his lifestyle burned much of his earnings during the good years, and while he inevitably will have salted a few shekels away, he needs the income from his LBG employment to sustain what he has left. Costs a lot of money to maintain a chateau and vineyard you know.
Why does he still work? Simply, because like the rest of us, he needs to!
No more Peploes on the wall…
The Singing Detective Demands The Resignation Of Campbell Ogilvie 12:47
As usual you’re not letting facts get in the way of your arguement.
Thatcher presided over a doubling of the interest rates, reaching a figure of 20%, I know, I had a mortgage at the time.
not many teams closer than Dundee, Dundee utd.
just a wedge shot