Assuming Dave King has more than 50% of the shareholding in newco Rangers, what does Mike Ashley do knowing he will not be in charge of the club after an EGM in March?
Take the defeat on one of his chins, let King’s lawyers loose on the merchandising and other deals he’s paid for and put the whole thing down to experience?
Well, possibly, but he has other options.
Ashley has yet to loan the club the money required to pay this month’s wages. He could simply not transfer the cash, but in this event he will expect King to step in.
King with his accomplices, and others, have recently offered to loan the club money, albeit with strings attached. If King truly has the enough votes in the bag to secure a majority, it’s likely they will loan the club enough cash to get beyond the EMG, without conditions attached. The directors would have no option but to accept this cash, pay the bills and cede control in due course. Ashley is owed £3m, repayable in April, for loans made late last year, so King et al will need to find cash to cover that in their ‘warchest’.
This is likely to be close to King’s narrative. He will not have called the EGM unless the cash is available to get the club over the line this season. I’m not prepared to countenance the possibility that he’s called it certain in the knowledge he will fall short.
I’ve always thought some kind of Grand Coalition, between Ashley and a collection of local legitimate businessmen would be the most effective forward plan, but Ashley has been so maligned by PR ‘close to King’ that this doesn’t seem to happening. Ashley will either have to take his chance of retaining merchandising, stadium advertising and future shirt sponsorship rights, or make his play now.
It’s worth noting that the reign of the Easdales, and chairman Somers, will end in the event King gains control; they are a busted flush unless they can manoeuver Ashley into an unassailable position.
So will Ashley pack his trunk and run away to join another circus? Don’t bet on it. Between now and the morning of the EGM, instead of loaning an already highly-levereged club, he could buy and leaseback its properties. This would give him enough leverage to look after his medium-term commercial interests, and exercise complete control in the long-term.
None of this even needs to happen under the current board. He can loan the club the £10m as expected, with covenants which are, to say the least, difficult to achieve. The cost of failure to meet one of these covenants would allow the Ashley to call-in his securities (the stadium).
Ashley can afford to lose all the cash he’s invested already, and all the his newco-related commercial contracts, but he cannot and will not lose his reputation as an uncompromising operator. Last week I said ‘Never play poker with a billionaire’. Whether you are a shopping centre owner, a sports goods giant, or an aspiring football club owner. These idiots should know thier opponent.
Tickets are now on sale for CQN11, our St Patrick’s Day dinner event on Friday 13 March at the Kerrydale Suite, Celtic Park. We’re hoping to raise money for Mary’s Meals to build a kitchen at Chibwata Primary School for their 909 pupils. As well as the dinner there will be singers and dancing, it’ll be a great night.
Email me if you want tickets reserved, celticquicknews@gmail.com , or you can book tickets or tables directly at the bottom of this page.
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KevJungle – See through the ‘bored’ and their ‘plants’ or Celtic Park will remain hauf-empty – over to you…
08:21 on
19 January, 2015
Ahhhh, so….if Celtic are in such good shape – why’s the park hauf-empty?
30k of fans – disagree with the shape.
—————————————————————————————————————-
Because supporters like you, Kev, are not as they sing – “faithful through and through”
So many ready to nitpick and unwilling to stay the course during difficult times.
It is sad to me that we were put to shame by Sevco during their stay in the two bottom leagues – they filled the stadium – we stay away.
You tell me why they are staying away – is it just because we are re-grouping and re-adjusting?
These are the times when the club need their fans the most.
Sorry if this has been posted before – great article from Britney!
http://www.theguardian.com/football/2015/jan/18/how-the-mighty-glasgow-rangers-have-fallen
To all you misguided YESNP devotees – first sentence of the article says this:
“It was once said that there were three main pillars of Scottish public life: the Church of Scotland, the unique Scottish legal system and Rangers Football Club”
The Church of Scotland campaigned against our minority to ‘go home’ – the legal system in the form of the OB legislation has been used against us by the SNP – and surely I do not have to detail anything about the Rangers Football Club.
If you think things have changed – think again – in an independent Scotland ALL would raise their ugly head again.
For God’s sake wise up!!!!
Alfie Noakes
08:34 on 19 January, 2015
______________________
If the club need the fans – why dont they win them over?
Why dont they stop waiting till they have a mountain of SB’s that wont sell and then try to kid folk on that their(the bored) being charitable by taking £100 of the price? Why the deceit?
Why dont the club/bored stand up for the fans/customers by protecting them from the anti-Celtic police force by declaring – an even playing field for Celtic supporters or we’ll withdraw from the game of football and, cite the reasons why Scottish football is in-operable due to the level of corruption slanted towards one team?
Why does the ‘bored’ not do the honourable thing and – eventually – after what, 21 years let Fergus’s promise be realised and let Celtic FC be run by – Celtic supporters?
Why continually pursue a p#shy player recriutment oute were – 200 frogs have to be kissed before we find a prince?
More later……
It’s a “double – act”,
apparently.
King’sTheatre CSC
Thank Ghod for Fergus and those who have followed him in running our club. Spiers claimed that what happened to the undead could happen to any team. Our Board has ensured that it hasn’t happened to us.
Long may the shareholders over in Govan do battle with one another. My money is on Ashley winning this round.
KevJungle – See through the ‘bored’ and their ‘plants’ or Celtic Park will remain hauf-empty – over to you…
08:46 on
19 January, 2015
Alfie Noakes
08:34 on 19 January, 2015
______________________
Why dont the club/bored stand up for the fans/customers by protecting them from the anti-Celtic police force by declaring – an even playing field for Celtic supporters or we’ll withdraw from the game of football.
—————————————————————————————————————–
LOL – You are either a child,or, a grown man with a child’s brain.
Let me get this clear – Celtic should disband our 127 year old club because the Rangers are in the shit – now that is pure (shit) logic.
tricoloured ribbon
02:04 on 19 January, 2015
67,
From the day I was born these animals have been the same.
Hardmen ffs wise up.
Of course our fans have to be alert.People have been on about not playing them.
Do you think we should just concede the game and roll over?
>>>>>>>>
I am one of the people who don’t want this game to go ahead …… They were liquidated….they are no more……..they are living a lie, and shouldn’t be in any competition …..and, as witnessed on Friday night, they wallow in violent. ….Society / sport doesn’t need this violence and should not be promoting it……..People like you and I are ‘hardened’ to them, from experience, and, in my view, the Police should not allow this violence to go ahead or, at least, instruct our gutter media to stop glorifying it……HH
Canamaler
08.46
Morning,
Nothing short of disgraceful,
Lilys
Alfie Noakes
08:55 on 19 January, 2015
______________________
Celtic FC died in 2005 – as far as I’m concerned.
MO’N was the last source of Celticness at the club.
Cheap nitpickers will rush to point out that – MO’N has said, over the last couple of days that – Rangers have been punished harshley.
Well, MO’N can now join a merry old band of Celtic employees who have said the same.
Who said Celtic should disband coz Rangers are in the sh#t?
Your twisted/dangerous/devious/hatefilled…dear,dear.
Lily’s grandpa,
So we should remain silent ?
Westminster and everyone who supports its power base is turning their back on children being raped, that is the reality of the situation, it may be harsh but it’s the truth and as long as people don’t want to question or deal with it the longer it will continue. Silence is compliance.
parkheadcumsalford
08:53 on 19 January, 2015
Thank Ghod for Fergus and those who have followed him in running our club. Spiers claimed that what happened to the undead could happen to any team. Our Board has ensured that it hasn’t happened to us.
Long may the shareholders over in Govan do battle with one another. My money is on Ashley winning this round
>>>>>>>>
So true…….poor Mr. Spiers is just trying to cover up for his zombiefied team ……. wonder why Ayr United didn’t let murray anywhere near them ….!!!! …most other Clubs have checks and balances in place, AND ACTUALLY PRODUCE GENUINE ANNUAL ACCOUNTS …..HH
Awful stuff on here this morning.
The degeneration of this site continues. Sad.
Returning to my exile.
HH
Fergus sent letters to the Celtic supporters during the summer – the contents of which, amounted to…”Get yer money oot – shut up & git on wi it.” Thanks.
aaah………… the “karacters”…………
Sorry if already covered but I’m hearing that new Scottish Labour leader Jim Murphy has written to David Cameron asking for Billy McNeill and John Greig to be knighted.
Talk about shameless.
Mair faces than the town clock.
HH
Canamalar, the rule on calling someone a paedophile here is not to remain silent, it is to stand by your words by leaving your name and address. Otherwise the claim looks less than convincing. Comment deleted.
Canamaler,
No one is advocating turning their backs,or ignoring. To accuse someone of supporting (08.46) ,because you don’t agree, is in my opinion out of order.
Lilys
Paul67,
I called no one a paedophile
Canamalar
__________
Stop digging….
Hail Hail
Lily’s
Anyone championing the continued support of the wesminster power base is IMO supporting that in its entirety
Alfie Noakes,
I might not agree with you 100%,but keep your head up son!
Lilys
Choo! – choo!……bye.
Canamaler,
09.16
Whatever you say, but your wrong.
Lilys
Back to football
Some chat on the wires that Ajax were there on Saturday to watch young Jason denayer. Also His comments on how year 2 of his pre EPL development may need a step up in level of testing. That could fit with a move to the Dutch league.
Good for him
Good for ajax
Decent for Man City
Bad for us.
HH jamesgang
Finally arrived in London
Aff oot.
HH jamesgang
67Heaven .. CHALLENGING THE LIE ..I am wee Oscar / Neil Lennon.. Ipox belongs to the creditors
08:56 on
19 January, 2015
tricoloured ribbon
02:04 on 19 January, 2015
67,
From the day I was born these animals have been the same.
Hardmen ffs wise up.
Of course our fans have to be alert.People have been on about not playing them.
Do you think we should just concede the game and roll over?
>>>>>>>>
I am one of the people who don’t want this game to go ahead …… They were liquidated….they are no more……..they are living a lie, and shouldn’t be in any competition …..and, as witnessed on Friday night, they wallow in violent. ….Society / sport doesn’t need this violence and should not be promoting it……..People like you and I are ‘hardened’ to them, from experience, and, in my view, the Police should not allow this violence to go ahead or, at least, instruct our gutter media to stop glorifying it……HH
——————————————————————————————————————-
I respect your distaste of this upcoming match – however in life we all have to do things we’d rather not.
Are you suggesting that we withdraw and cede the tie? – surely not.
Why should we be punished because some other club is in the wrong.
Look. like it or not, such is the depth of the ‘Rangers’ constituency that there will always be some kind of ‘Rangers’ – it’s a fact of life, and the measure of Celtic and it’s supporters is how we deal with it – not run away shouting “it’s no fair”
Regardless of how and when the Ibrox (if indeed it is Ibrox) club rejoin regular competition with us, the will NEVER live down the shame of what has befallen them.
Let’s keep our nerve and continue to act with dignity, pride and confidence.
More wonderful goings on over the river this fine morning.From “FightingFridays”to “Mooching Mondays”they never cease to amuse.
Love the stab in the back to King from the present incumbents.Not “Fit and proper”Ha ha ha.
The “Big Hoose”definitely getting pawned.
All this going on and still some on here fighting with each other.Our club is fine.Try and get that into your heads.We are solvent.How many clubs in the EPL,with all the riches being thrown at them can say that?.
To those advocating the Hun game should not go ahead.Get over yourself.Yes,we know they died.This is a new club,who play in Scotland,and are perfectly entitled to compete for whatever baubles are available.Just as Gretna were.If its the threat of violence from the horde that bothers you,its been the same for 100 years from them.Its a blight on the Scottish game,but we are part of the game,for good or bad.Should we just roll over,refuse to play,and give them the tie.95% of our support,I would guess,would die first.
Lets just hump them and add to their misery.
jamesgang
09:22 on
19 January, 2015
Finally arrived in London
Aff oot.
HH jamesgang
You watch yourself in “That London”.
What time is the SFA announcement,of the inquiry into the violence,and serious assault of a Hearts fan at Poundland on Friday night?
Mineshafting .
Brief chat with an Inter man earlier.His opinion re Empoli 0 -Inter 0 ?
” Like schoolgirls frightened of ripping their tights.Weak as brodo made with a stock cube “
Seems a recurring theme this…..
Two Dundee United stars were involved in a nightclub rammy after allegedly being abused by a football fan.
The club confirmed it was speaking to the players today about the weekend incident in Liquid.
But a Tannadice spokesman said there was “no suggestion” the players were at fault over the trouble.
I was really hoping that Denayer would stay another year with us.He is an absolute star in the making.Maybe the second half of the season will convince him to stay.Hopefully a couple of finals,a leage medal,a Hun game,a couple(More I hope)EL ties to crank up the experience of playing with us,who knows.
I would give Guidetti till the end of this week
TurkeyBhoy
I’m on it!
Only have to survive 1 day!
HH jamesgang
SoT
‘Brodo’, now there’s a word I’ve not heard in a long time.
It seems a bit ironic, that the very paper that we are taking an advert out in, actually still uses the OF tag.
From this mornings edition
Disorder fears prompt renewed calls for midweek Old Firm games
I think we need an advert in the DR, asking the Herald not to use this term :-)
http://www.heraldscotland.com/news/home-news/disorder-fears-prompt-renewed-calls-for-midweek-old-firm-games.116397683
TurkeyBhoy
Guedetti chat last week about ‘all in the hands of my agent’ didn’t sound like it was going to be happy ever after.
Aff off the tube now. Laters
HH jamesgang
kevjungle – see through the ‘bored’ and their ‘plants’ or celtic park will remain hauf-empty – over to you…
>>>>>>>>>>>>
Starting to get worried about you, Bhoyo…!!
!!bada bing!!
09:37 on 19 January, 2015
What time is the SFA announcement,of the inquiry into the violence,and serious assault of a Hearts fan at Poundland on Friday night?
>>>>>>>>
The whole pantomime is way beyond abnoxious