30% interest! Nice one, Newco Rangers, you’ve got yourself a deal there. Suggestions that your business plan has been, and remains, unsustainable and extravagant are patently absurd when you can borrow at the kind of rates a Zimbabwean pimp would get at the height of the ZWD’s recent hyper-inflation episode, although it’s probably worth noting that Zimbabwean businesses are currently borrowing at slightly less than half of what Laxey are charging Newco, solvent ones, anyway.
An administration would be a severe embarrassment to the Newco, less than two years after its incorporation, but in many ways it would be a boon, allowing the club to offload all the high earners and establish a breakeven trading platform.
It is utterly incomprehensible why they have not called in the admins, which itself shines a light on management processes inside the club. No one seems to be asking, “What next?” Getting deeper into hock with a hedge fund is ruinous. Notions that if the loan is turned into shares would be a soft landing for the club are absurd. This is a hedge fund. A HEDGE FUND!! The more shares they have, the more exposure they have, the higher return they will demand.
Need some new players, tough, pay my money. Ticket sales down, that’s disappointing, cut back and pay my money. Got some maintenance work to do, I don’t care, pay my money then see what’s left.
Keep your eye on the sale and leaseback plan, although not until September. They should commission a brass statue of a Newco season ticket holder, touching his toes, with the motto ‘Brace yourself’ below.
The only question left is who will be the complicit front man for season ticket sales this year?
Most people are only beginning to realise the consequences of the events of 2012, or what it means to be a zombie club, walking around, not quite the same as before, with various groups randomly gorging on you. Nothing will ever be as it was. Ever. They should’ve listened, before high-fiving Sir David Murray, then Craig Whyte, then Charles Green. It’s not like we didn’t tell them.
If you’re in the football business, rule number 1 is: Pay your bills. Every other rule, value and aspiration cannot be met without this rule.
Many thanks to everyone who submitted questions for last week’s Celtic Forum. The minutes have been published, and are available here.
If you would like to read the new CQN Magazine, GO HERE to read properly, and for FREE, the graphic below is just a taster.
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GCT
so they would begin the Scottish championship on -25 pts?
Yes. Or it may be -15 if viewed as a new club and a first administration.
Can’t we for once let them bee the same club
Sevco have a serious intestinal problem.
It’s like a tapeworm that is depriving the body of essential nutrients.
It’s a greedy parasite, gobbling up all of the clumpany’s resources.
Minute examination of the crap emanating from down PRW reveals that the biggest gobbler of costs is the playing staff and its head is the tapeworm Sallis Coisticus
There’s only one way to get rid of this parasite.
A good colon cleanser to flush out the body of the invaders and allow the patient to recover slowly.
However when the patient sees the parasite as beneficial and doctors are unwilling to cut off the parasites head then the patient’s prognosis is to have a series of unhealthy events, including constipation, muscle weakness, weight loss (downsizing) and seizures (of assets?).
There is also a good chance that the feces will spread infection to other bodies.
steph –
It will be an interesting problem for the SFA. Do they let them off with a 15 points deduction and openly admit they are a new club, or accept them as the same club worth a 25 point penalty?
Gold Coast Tom
03:46 on 25 February, 2014
Well Im beggining to see the light…..
How does it feel to be loved?
An awful lot of their interesting problems get swept under the old axminster…
Shut-out king Fraser has got what it takes
ENGLAND coach Roy Hodgson has given history-maker Fraser Forster a huge vote of confidence by insisting the Celtic star can go on to become Britain’s clean sheet king.
By: Scott BurnsPublished: Tue, February 25, 2014
0Comments
Forster hopes to be part of the World Cup squad [ROSS TURPIE]
Forster broke the Scottish record, set by Aberdeen legend Bobby Clark back in 1970-71, against Hearts at the weekend and is just 97 minutes away from smashing the British high of 1,311 minutes – claimed by former Manchester United stopper Edwin van der Sar back in season 2009-10.
Hodgson has admitted Forster’s impressive form has kept the Hoops No 1 in his thoughts when it comes to his squad for this summer’s World Cup finals in Brazil.
It’s a great achievement and he deserves it because he’s been playing very well
Roy Hodgson
He said: “It would be another great achievement if he could beat Van der Sar’s record but, knowing Fraser and Neil Lennon like I do, the most important thing for those two will not be individual plaudits but winning matches for Celtic.
“So Fraser will have a few challenges to keep the clean sheets going.
“He’s good enough to break Edwin’s record and he also has good enough players in front of him to help him do it.”
Hodgson, above, also believes it could take even longer for someone to eclipse Forster’s achievements, with Clark’s record having stood for over 40 years.
“I’m really pleased for Fraser,” he added. “It’s a great achievement and he deserves it because he’s been playing very well.
“Celtic are also doing really well, sweeping everyone aside, and that’s good for Fraser.
“I’m pleased for Fraser because it’s a very important record and I think it will take some time before a record like that is beaten again.”
But Hodgson knows he’ll face a major decision when he has to name his three goalkeepers for Brazil. First pick Joe Hart and Ben Foster are stick-ons with John Ruddy, Jack Butland and Forster fighting it out for the final slot.
He added: “Joe and Ben are playing well, as is Fraser, John and young Jack.
“It will be a difficult choice when I have to name my three keepers for the World Cup.
“Joe’s in pole position because he’s played in all the games.
“Before I change that, somebody will need to really work hard because Joe is a proven No.1 for England.”
twists n turns
04:21 on
25 February, 2014
Great to hear Hodgson`s recognition of F.F. and his complimentary comments about Celtic.
I looked in vain for an acknowledgement of F.F`s achievement on the B.B.C.football main page.
Macjay
Yeah but I also think he’s made it clear big Fra is gonna be up against it for selection. My gut feel is he’s just gonna miss out.
I dont think us internet bampots have any doubts whatsoever that sevco will go into administration in the near future. Do sevco have a plan to get out of administration or is it liquidation again. I think that is probably the most relevant question nowadays. Get the big comfy chair oot again and sit down with the standard ice cream dessert to watch the latest blockbuster, available on Betamax video for one pound only.
(in an ideal world this list would run down your screen in star wars style, buts that’s way beyond me)
The Shennanigans part Two. I told you so
A sequel from “warning you brothers” studio
Ostrich Productions, Govan.
Produced by : David Murray, Charles Green and Craig whyte
Directed by: Stewart Raygun, Dickie Dungcatcher and Campbell Overmydeadbody, The SFA, The SPL
Assistant Directors: Duffer and Dufferer.
Starring: Sally Sleekit, and Watty Smiff.
Filmed on location: at the Bigotbox, Paisley bus depot and the zillion dollar Albion car park
Script by: Scottish Main stream Media, Succulent Lamb eaters
Edited by: Charlotte Fakeover, Phil and internet bampots
Sound by: Spewie Keevins, Daryl Kidding, Big Fat DJ and Super scorebores
Stunts by: The British Army
Costumes and wardrobe by: Mike Ashley
Grip: Masonic Clubs everywhere
Make up by: Still unpaid face painters
Special mention to
Ticketus
Vince Lunnie
Lord Nimmo Smith
Imran Ahmed
Margarita
Blue Pitch Holdings
Laxey Money Grabbers
Malcolm Murray
Bill Miller
Graham Wallace
Brian Stockbridge
Ian Hart
John Daly
David Templeton
Dean Shiels
Dave King
Jim McColl
Rino Gattuso
Daniel Cousins
The Daily Record
Hector
Alex Thomson
EBTs
CVAs
David Longmuir who thought he was getting a job at sevco
The Blue Knights
The other Knights whose name I cant remember
The knights who say nee
The Knights Knights
The good knight viennas
Extras: thousands who mostly leave at half time
I’m Neil Lennon (tamrabam)
05:25 on 25 February, 2014
______________________
How much Jelly & Ice cream will be consumed if the ‘shifty-mob’ go on to
win the ‘treble’ at CP, undoubtedly aided by their usual helping of ‘mibbery’
whilst the hun hordes wreck awe the seats inside the stadium with the usual,
nothing to see here Timmy – outcome ?
Don’t get me wrong – everybody wants them gone – period – but, to sound a
note of caution…theres a sleekit way out of this – they’ll find it. If they havent
done so already !
Hail Hail
if theres a sleekit way
typo
sorry
HH
twists n turns
04:59 on
25 February, 2014
Macjay
Yeah but I also think he’s made it clear big Fra is gonna be up against it for selection. My gut feel is he’s just gonna miss out.
_________________________________________________________
My feeling is that he is simply telling the other two reserve goalies not to make assumptions.
Somebody mentioned earlier that Mr Collum is the MIB for the Zenit v Dortmund game. You should have told me earlier. Some of Zenit’s charming hooligans could have given Mr Collum a special welcome. Oh well. Another time.
Dortmund supporters have been spotted but they aren’t singing. Quite reserved.
Invercelt: It is with great pleasure that I can inform you that no gays were lynched in Sochi. Nobody ate them either. Great news. The BBC’s propaganda was worthless. Actually if you ever have to arrange a huge event, ensure that Stephen Fry and his friends protest about it. The result will be an event which is a resounding success. Remember when Fry, The Guardian and some other bigots tried to spoil Pope Benedict’s visit to Britain? Given the zealous nature of the PC brigade, might they wish to arrest the racist bigots who wrote/said some horrible things about Russian people?
I wish you all well for the day. Cmon Amido Balde!
Good morning all from a clear skied, slightly chilly, sort of breezy and slightly dampish East Kilbride.
inconclusiveCSC
http://www.bbc.co.uk/sport/0/football/26333152
Good morning Zbysek,
Couldn’t access your link but I am guessing that you disagree with my earlier comments.
Have a look at a Guardian article which discusses gay rights in Africa. Horrific. Homosexuality is legal here.
Off oot.
outside the courtroom just now in Cambuslang waiting for Judge Judy to take her place, I will keep you informed.
Here we go again:…….
Doro doro doro do do do
John O’Neil
No. It was link to the picture which was a joke.
I can understand your comments on gay rights and propaganda.
One think I can’t and will never agree with you is : the immigrants must adopt habits of people of their new country.
When Boruc made a sign of cross in front of Rangers crowd I felt it was not a scandal becouse he made religious sign. I thought it was something like: we are majority, we make the habits and know what you can or can’t do.
Same in Poland. I would not accept people telling the Vietnameses what they should do in their houses or the trams.
The problem with Russia is deeper and long time existed. I like Russians (not all of course) but “Ruskiye vperyod” sometimes, for some means too much.
Good morning CQNers,
A poll currently under way in the Belfast Tele about whether NI should play a Euro home international match on Sunday 29/0315 records 75% in favour of it proceeding.
Things are changing after all.
http://www.belfasttelegraph.co.uk/news/local-national/northern-ireland/poll-windsor-park-gets-first-sunday-game-protests-feared-over-euro-2016-home-qualifier-30035878.html
Morning,
Looking forward to an exciting fixture. I think Ahmad will just edge it.
A court declaring them insolvent, lol!
Ah Zbyszek,
Freedom to have faith, or not to have faith, is crucial. It would perhaps have been better to have written that previously but I just assumed that it was understood. It is a two way process. Both host and immigrant have to try to make efforts. I have sympathy with both.
I wish you well. I am outta here. Take care everybody.
Morning,all.
It was fifty years ago today….
http://www.dailymail.co.uk/sport/boxing/article-2566735/Its-50-years-feat-Clay-shook-world-changed-course-history.html
Very good article on Cassius Clay’s breakthrough fight.
Nevertheless,BRT&H will do it better later.
The only thing that makes sense is a plan to :
1. Gain promotion.
2. Immediately go into Admin.
3. Get out of Admin before new season starts and so avoid punishment for Admin altogether.
The rapid turnaround of Admin (the basis for the original plan by CW as I recall) is critical.
I don’t think I could control myself if they gain promotion, fail to get out of Admin and so suffer the fate of hertz, struggle in the higher division and get demoted again the next season.
Utterly hilarious.
But first, they have to get through this season. Hence the band-aid funding facility…
Morning All, I’m looking for some advice from any London Celts. I’ve just moved to london with work and need to find somewhere to watch the game tonight. I’ve so far found the Sheephaven Bay in Camden which says it’s showing the game. I’m in central london near oxford circus. Does anyone have any better suggestions or been anywhere good to watch the bhoys when in London?
Zbyszek Good morning my friend I hope you are well! I will reply to your email sorry it’s taken so long!
Morning all.Always a good day when the huns/meeja are worried.hh
Hoopybhoy
If memory serves me correctly, a good few CQN’ers have watched games in the past in the Marquis of Granby on Shaftesbury Avenue at Cambridge Circus.
Blantyre Kev is the one to confirm as he regularly goes to London on business allegedly but never sees any clients and just tours the pubs while spending a day a way from the wife.
Personally, I think he signs on down there but then again I am a conspiracy theorist…..
cheers Brogan, my big concern was finding somewhere would show it with the fact there are champions league games on tonight. I think i might try the sheephaven as a starter seen as they are definitely showing it, but may take a walk to that place as well to have a look.
hahah, just noticed the bit about Blantyre…. lol
hoopybhoy,
I don’t think the game is on TV.
hoopybhoy
Tooting Tim I think drinks in the Sheephaven sometimes, he’d be the man to ask Hoopy..
BRTH
did you get the my mail
That ‘double ended sword’ is the cherry on the donut.
Delayed transmission on Alba at 10pm though.
Fred! oh no! cheers though. That sheepshaven place has it listed on their site, so I wonder if they have access to some other channels…… i’ll need to call them and ask.