Few will be surprised that the Takeover Appeal Board (TAB) ruled Dave King acted in concert with George Taylor Douglas Park and George Letham when buying a controlling interest in Newco Rangers two years ago, another “favourable settlement”, you could say.
In their statement, TAB wrote, “Over the last two years Mr King has had ample opportunity to disclose documents and to provide other evidence to rebut any deeming, presumption or inference from the evidence that he was acting in concert with Messrs Letham, Taylor and Park. He has not done so.”
So far, so clear-cut, but while this is an unwelcome distraction (or more) to Dave, King, I genuinely hope he has the wherewithal to fund any necessary share purchase. It is difficult to overestimate the extent to which King’s position inhibits Newco.
The club will go nowhere while it remains in his clutches. It is far from clear who would pick up the years of potential liabilities should he exit (forget Sugar Daddy fantasies), but better the devil we know – when we know so much about him.
We have the perfect controller of Newco. He leads through PR dictate, appeals to the lowest common denominator, sat as a director through Oldco’s ignominious demise, and appears to have enough funding capacity to get them as high as third in the league.
I will rue the day Dave King decides he has had enough of Ibrox.
Many thanks to all who contributed to the Lisbon canvass raffle for Alzheimer Scotland. The competition is now closed and we raised an incredible £3264. The winner has been in touch, so if you don’t know already, unfortunately, it’s not you.
This has been another small excerpt in the Great Celtic Story. Well done.
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CHAIRBHOY on 14TH MARCH 2017 8:01 PM
THETIMREAPER @ 7:41 PM,
Is That Park The Bus Guy?
Hail Hail
Every premier league manager who plays against us is a ‘park the bus guy’ :-))
CHAIRBHOY on 14TH MARCH 2017 8:01 PM
THETIMREAPER @ 7:41 PM,
Is That Park The Bus Guy?
—-
Yes.
DAVIDOPOULOS on 14TH MARCH 2017 7:56 PM
This shows you how much I watch EPL football…but that’s the first time I’ve heard the Leicester fans doing that shout at the opposition goalkeeper when he kicks the ball out…
I really hope they get hammered after that.
Then relegated.
Then I hope they go out of business.
Just because of that thing.
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LOL! Hope I never borrow a CD from you and fail to return it. Harsh!
That said – ah hope they get pumped… :-)
NATKNOW
I’m already angry at the prospect of lending you a CD that you potentially wouldn’t return…
1-0 Leic. Assist from the St.mirren reject. Look at the quality of the playing surface. Guess that’s what the Sky money gets you.
Vitolo looks different class!
Chairbhoy
And various car franchises in The West of Scotland, BMW Hamilton etc
NATKNOW
I’ve got loads of old CD’s you can have!
And you can keep them too!
DAVIDOPOULIS
GIRUY!
:-)
LMCBHOY
I’m just putting across my opinion that the high share price is due to accessing the richies of CL football via firstly investing in the team.
We have been a well run club financially for years but under investment and no CL football did not raise share price.
I am hard on the board as they act aggressively against their own fan base handing personal details to cops without warrants, act in dark rooms instigating campaign against GB, spend more years under investing in team than they do investing with a view to CL providing me as a support with poor managers or decent managers who have one foot tied around their necks. And they bottled taking on Res12 with a view IMO to not upset the gain of the Blue pound and rob their own supporters with an agreement with a wee diddy team at £49 a hot and £30 for kids (CL last 16 prices). I dislike 100% their lack of connection with their supporters, or should I say customers.
That apart I think they do do a lot of good work financially and paying the foundation employees directly, the Christmas financial gifts to people in the community etc.
When these things are highlight I do congratulate them.
But as a supporter and fan I really couldn’t care any less about the share price unless of course if it were so low that it would cause problems. But we both know financially they are too astute to risk their annual dividend payments.
MWD
Ha CD’s. Refer to the same channel as the Huns. : History channel
BOURNESOUPRECIPE on 14TH MARCH 2017 1:49 PM
Different matter sending off Celtic players.
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Bobby Madden has been conned there.
Very naive of commentator.
Bobby Madden cheats more accurate
PHILBHOY
Is one of those CDs Joe Dolce – Shaddap You Face???
;)
GLENDALYSTONSILS @ 8:06 PM,
Too True:) But Anti Football Could Take It To The Next Level… Looked To Me Like He Was Pulling The Strings On Sunday.
THETIMREAPER @ 8:06 PM, DESSYBHOY @ 8:15PM,
That’s Very Interesting, Would Certainly Explain Where The Cash Came For The New Managerial Team.
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Thought D.C. King’s Response To The TBA Yesterday Was Interesting… Obviously Had The Input Of A Lawyer – He Couldn’t Trust Level 5 Anywhere Near An Important Statement, Where Facts Were Crucial.
Hail Hail
DAVIDOPOULIS
You gotta no respect?
:-)
DAVIDOPOULOS on 14TH MARCH 2017 8:12 PM
NATKNOW
I’m already angry at the prospect of lending you a CD that you potentially wouldn’t return…
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Anger is an energy. Got that line from a PIL CD I borrowed while you weren’t looking… :-)
PHILBHOY on 14TH MARCH 2017 8:17 PM
NATKNOW
I’ve got loads of old CD’s you can have!
And you can keep them too!
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That would increase my collection of music donated by CQNers. BMCUW has already given me “Why Won’t Rangers Sign A Catholic” by Pope Paul and The Romans…
NATKNOW
Anger leads to hate. Hate leads to suffering.
Got that from a wee green guy in the Dagobah system…
GREENPINATA on 14TH MARCH 2017 8:24 PM
Ha CD’s. Refer to the same channel as the Huns. : History channel
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Because???
Hmm.. so lets see what’s news on our beloved Holy Willie hyperlink today…
1. I see that the legitimization of the OF continues from Paul67 as the word “rangers” appears more and more in his missives. Also..”rue the day” ? I guess that means that there will be a day in the future where we should be worried about thems; just not yet??
2. The Glorious balance sheet is healthy for us shareholders. Good. I should be expecting my dividend check in the mail any day now. Aye right!
3. Some pish about McGeady.
Our fascination with the dead is bordering on necrophilia.
Or maybe they arent. :)
DAVIDOPOULOS on 14TH MARCH 2017 8:32 PM
NATKNOW
Anger leads to hate. Hate leads to suffering.
Got that from a wee green guy in the Dagobah system…
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Sure it wasn’t a wee blue guy?
Dagobah – not a scheme I’ familiar with. Southiside? :-))
Moonbeam.
Good points re supporter engagement.etc.
I am a ( very small/ emotional) shareholder and honestly couldn’t have told you our share price.
For me the Boards prudent management, which I agree has led to some poor decisions, Ronie?, has ultimately allowed us to follow an upward graph in overall performance and I believe we are now on the cusp of or indeed may actually be in a golden period in our history.
The trend is good
I have to say I agree more or less with your supporter related issues but would say without being privy to their thought processes I would have to assume their assessment is that their decisions are in Celtic’s best interest. As I have said before on here they are merely the current custodians of the Celtic story and I think overall history will judge them kindly
HH
ROCK TREE BHOY
Your dad was right.
Which is why i shall ignore your over simplistic comparison between Ronnie and Brendan.
King has wrecked havoc at Ibrox … but he couldn’t have done it alone.
http://thecelticblog.com/2017/03/blogs/a-worthless-media-gullible-fans-and-a-spineless-association-gave-king-the-means-to-wreck-his-havoc/
NATKNOW
Nah it’s a wee Wimpey Homes estate in Bishopbriggs. You not familiar with Spam Valley?
The cheating isn’t what annoys me most, its the arrogance that follows it. From Farry through Smith, Peat and Ogilvie, their immediate response to major MIB cheating is to reward the official who favoured the Hun’s. Remember the linesman who invented a penalty for them at Tynecastle in a close title race. He got the Scottish cup final. More recently McLean, Madden et al have all been paid through being slotted in for further games the weekend after a howler against us.
DAVIDOPOULOS on 14TH MARCH 2017 8:39 PM
NATKNOW
Nah it’s a wee Wimpey Homes estate in Bishopbriggs. You not familiar with Spam Valley?
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I’ve avoided Spam ever since I left seminary where Spam Fritters were a menu staple… on Healthy Tuesdays
Stairheedrammy
Madden has the Pars game.
We have Collum.
James Forrest on 14th March 2017 8:37pm
Good words said that won’t be said on the lead posts here, unfortunately.
Point forward, Vikings and pirates wreaked havoc. Certain Celtic bloggers continue to wreak havoc. Dave King’s havoc has wrecked Sevco. Long may he reign.
James
Good article
HH
Congratulations to our own Angel Gabriel — he has won the Nir Bitton shirt!
I will post it out to him this week.
BRTH
BRTH
Magic! Will be a perfect fit for big F.
Vinyl is making a comeback. Hurrah.
We still have Huns. Boo
HH.
Big cup, that’s what I mean. A Poor performance against us means they don’t get dropped and instead get a thousand pound reward of a game to ref the next weekend.
Greenpinata
The huns are cassette tapes and betamax.
Huntleybhoy86
I enjoyed your earlier post.
I would have insisted on points for our 4 EC SF appearances though. I think they’ve had one. Ten points for each one. There’s yer dinner, Sevcovian!
Why are we so dismissive of the share price and the club’s market value.
The higher value allows us to make investments with money borrowed at favourable interest rates, which of course reduces our running costs.
Investments in stadium facilities:
Safe standing area(s)
An all weather pitch
Enhanced training systems and facilities
Bathroom upgrades
The Celtic Way
The Celtic Way hotel
A gazebo and cafe at CQN Corner
Etc
This will be how we attract players, professional management and fans.
This will be how we will remain at the top of the SPFL dung heap.
Sincerely hope Sevilla compensate each and every fan who travelled using Nasri’s wages. Utterly disgraceful.
Nasri has just ended Sevilla’s hopes.
Oh. Spoke to soon.
PENalty Sevilla
Bobby Madden wouldn’t have given that.