Serious Treble Threat, material loss

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Pretty gutted for Inverness keeper Dean Brill, who will miss the Hampden Scottish Cup semi final with a dislocated knee.  We saw enough from the Highlanders on Saturday to know they pose Serious Treble Risk, but you want to beat teams at full strength.

Anyone who tells you Celtic suffered a material loss due to Rangers liquidation is blowing out his bum.  We lost some revenue but we’ve not been in such good shape, financially and on the field, in years.

I I could argue it was the best thing to happen to Celtic in the last 48 years but we’ll have the decades to come to ponder the full impact.

The Memorial Stone for CQNers no longer with us has now been fully funded with circa £500 left over for Mary’s Meals. A humbling effort, well done to all involved, especially TBJ.

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624 Comments

  1. TBB – if you do visit The Alhambra in Granada, book tickets in advance for your preferred time slot – otherwise you may have a wait to get in. Also – there’s a bus that will take you up the hill.

     

     

    There’s some caves on the other side of town if you;re looking for some gypsy music and dancing (them, not you!). :-)))

  2. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    the battered bunnet

     

     

    15:49 on 13 April, 2015

     

     

    Just read your post mate.

     

     

    That reads to me that the three bears must make a clean break and ditch the past (i.e a new club) or King is in cahoots with Ashley to boost ST sales.

     

     

    Can the SFA pull any tricks here.

     

     

    HH

  3. TBB if you are in Madrid try Toledo,one of my favourite places in Spain small enough for a day visit and only about 30mins on the train.

  4. South Of Tunis on

    nat know.

     

     

    Ah ! Prince Jammy .

     

     

    Really like the Horace Andy – In The Light – Dub Lp – original issue on Hungry Town / fine re issue on Blood and Fire.

     

     

    Boom Shaka Laka !

  5. Long story but when in Toledo the last time I managed with my pigeon Spanish to get into the town hall offices whereupon a lovely wee wummin gave me access to all of their tourist posters,got some crackers for free now on my dining room wall!!

     

     

    Great food also in the little local bars.

  6. Awe_Naw_No_Annoni_Oan_Anaw_Noo

     

    10:49 on

     

    14 April, 2015

     

     

    Except if they try and ditch the past (and MA) they’re a bit knackered as he currently controls use of the name ‘Rangers’.

  7. South Of Tunis

     

    10:53 on

     

    14 April, 2015

     

    nat know.

     

     

    Ah ! Prince Jammy .

     

     

    Really like the Horace Andy – In The Light – Dub Lp – original issue on Hungry Town / fine re issue on Blood and Fire.

     

     

    Boom Shaka Laka !

     

    ——————————————–

     

    Will check that LP out dude – cheer.

     

     

    BTW – watched your film recco – I Cento Passi? – great film. Passed onto a friend I was visiting in Spain last week. He too was impressed.

  8. 67Heaven:

     

     

    Aye… but then why entertain it in the first place, why give the complaint credence by having a hearing.

     

     

    They know, just like we all know, the term ‘hun, although maybe distasteful to some, is in truth inexorably not sectarian and in perpetuity it’ll historically always remain indelibly so, though many will try to have it retrospectively revised so.

     

     

    Such is life, pity those who harbour such hates don’t appreciate they’re squandering all their heartbeats in vain and pain.

  9. TBB

     

     

    Re: Cordoba – should have mentioned. I did the site on foot (knackered for 3 days) – lots of steps, cobbles, pebbled surfaces etc. If I was to do it again I would take one of the minibus tours (open top/sided 12-16 seaters) – you buy a ticket and can hop on/off at at various points. Taxi to and from station – 7/8 euros each way.

     

     

    Forgot to mention the ‘El Cid’ type castle within the Site – this was where Ferdinand and Isobella lived when they drove out the Moors. It’s close to the Great Mosque and the Roman Gardens and Baths.

     

     

    Wear the Hoops/or Celtic casual shirt – gets you lots of ‘holas’ and handshakes. I was there just after the Barca 6-1 game when I stayed with my great host TET at the cave.

     

     

    :-)

  10. The Battered Bunnet on

    All, cheers, Cordoba looks like a good shout.

     

     

    Awe Naw: The SFA is so far removed from what’s going on that like the rest of us, they can only stand back and imagine what’s coming next.

     

     

    What Ashley’s done with the IP singularly prevents a new phoenix club – they can liquidate of course, but in that scenario, Ashley owns the rights to a football club called ‘Rangers’, and thus there’s no new newco without Mike.

     

     

    Saying that, remember Ashley’s interest is the retail business, and a continuing retail business means a continuing ‘Rangers’ to profit from. He has no interest in taking it down for the sake of it. He’ll act in whatever way maximises his retail profit. My sense of it is that he’ll exercise the options now available to him to this end.

     

     

    If I were the 3 Bears, top of my list today would be paying down the loan and getting Ashley out of the club.

     

     

    The first part is somewhat easier than the second I think. The first needs only £5M. The second needs however much Ashley values his position as.

     

     

    Remember, Ashley gets 3 cuts from the current deal – the dividend from the RRL operation, and before that, the manufacturing margin on merchandise, and additionally, a further contribution to store overheads from the retail margin. How much is that worth?

     

     

    Set against that, RIFC has to consider the cost of back-filling the cash from an absent merchandising revenue line – about £5M per year in a mature operation.

     

     

    In these circumstances, it’s probable that the current situation is more valuable to Ashley than a de-Ashleyed merchandising operation is to RIFC.

     

     

    Choice 1: Pay Mike Ashley upwards of £20M to get him out of the club, with a negative return on investment.

     

     

    Choice 2: Try to run a football club without a merchandising revenue line.

     

     

    Let’s call that a rock and a hard place.

     

     

    Of course, if the loan is in default, there’s nothing they can do but wait and see what Ashley’s plan is, as a default situation puts him in complete control – he would have all the cards, and the outcome is entirely at his discretion.

     

     

    That’s a big IF. It may be in default. It may not. If it’s not, they need to pay the loan back immediately to salvage the RRL project (which is in jeopardy either way) and safeguard a future merchandising operation.

     

     

    If it is, they are hostages to fortune, Ashley’s fortune at that.

     

     

    If I was a journo, the only question that matters right now is: Is the loan in default?

     

     

    Curiously, RIFC themselves might not even know the answer to that question right now. Ashley needs to tell them formally, providing of course the circumstances justify it.

     

     

    I’d say the blue touchpaper has been lit. Stand well back.