SFA, The Offshore Game, flogging assets

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The SFA surprised many by refusing Mike Ashley permission to buy up to 29.9% of a second club.  As I said earlier in the week, don’t get too hung up on this one.  Ashley could play The Offshore Game, like the anonymised Blue Pitch or Margarita, or he could just do what he’s already done, ignore the SFA and underwrite the share issue anyway.  What would the SFA do?

Well, they could impose the ultimate sanction, but that’s unlikely.  They could impose a heavy point penalty, enough to ensure the club are not promoted this season, and refuse to register signings of players older than 21-years.

It’s perhaps more likely that Ashley will loan the money required in return for whatever assets are left.  Oldco went out of business a few months after they were sold to a liquidation expert.  The path newco will follow down the lavvy will be different.  Like any other squeezed business, they will redeem assets, sell the training fields, and the stadium, before putting themselves into the hands of a liquidator.

As for long-term financial viability, does anyone think this looks likely?

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616 Comments

  1. Papa John…

     

     

    Back in November I was at a meeting at Celtic Park where Ronny took questions from an audience of about 100 people.

     

     

    He was asked, on a scale of 1 to 10, how he would mark his performance to that date.

     

     

    His answer “3, maybe 4”.

     

     

    A wee bit harsh on himself I would say.

  2. TBJ says Wee Oscar Knox is in heaven with the angels on

    Looking forward to the match tomorrow .. Apart from the fact I’m working until 2pm

     

     

    An early goal from LG then another two for wee Orville to make his hat trick . 5-1 the hoops

     

     

    Meanwhile in edin burger … Hibs win a ” robust affair ” while the jam tarts stretch their lead to 15 points

  3. Dallas Dallas where the heck is Dallas on

    Happy birthday dear Celtic and Francis mcavennie getting a double along with Paul excelling, a wonderful magical day.

  4. BMCUW,

     

     

    Thanks very much for that. John Clark IS a Celtic great. His ability to read the game saved our (and Big Billy’s) bacon too often to mention. THE best sweeper to wear the jersey bar none, imo.

  5. Natknow

     

     

    Went to see The Stranglers live in Cascais, outside Lisbon, in ’78….

     

     

    They didn’t show up. . . Good job I was over there at the time anyway!

     

     

    Their manager Tony Moon wrote to me when I complained in the hope of getting a ‘freebie’

     

     

    He sent me some programmes, badges etc.

     

     

    I forgave them, and was glad I did when I went to the Apollo to see them, especially when they played ‘Nice ‘n’ Sleazy’.

     

     

    Sure you’ll remember her, er, I mean it, if you were there!

  6. !!Bada Bing!! @ 22:07

     

     

    George Letham, George Taylor and Douglas Park offer Rankers £6.5million alternative to Mike Ashley investment#bbcsportscot

     

     

    26 December 2014 Last updated at 22:00

     

    Rangers: New funding proposal offers £6.5m investment

     

    By Richard Wilson BBC Scotland

     

     

    “The SFA would have been aware there is a credible alternative and we would like to make sure the fans are aware of that, too.”

     

     

    The plot thickens ….

  7. Dallas Dallas where the heck is Dallas on

    Bada, I can’t see it being successful unless it’s more than ten million or north of that.

     

     

     

    Let’s hope the players do their jobs tomorrow and convert the chances we hopefully make.

  8. Dallas Dallas where the heck is Dallas

     

    22:08 on

     

    26 December, 2014

     

    Natknow, when joe came on to do I fought the law and London calling at those Barras gigs, it brought the house down, marvellous.

     

     

    A crowd of us saw them on st Patrick’s night in 1988 at the town & country club in Kentish town, joe joined in along with lynval Golding of the specials, a great mix of three of my favourite bands.

     

    ————————————-

     

    Would love to have seen that gig at the T&C – love The Specials too!

  9. Dallas Dallas where the heck is Dallas on

    Dick reporting about his replacement club.

     

     

    Who’s George Taylor, anyone ?

  10. beatbhoy

     

    22:12 on

     

    26 December, 2014

     

    Natknow

     

     

    Went to see The Stranglers live in Cascais, outside Lisbon, in ’78….

     

     

    They didn’t show up. . . Good job I was over there at the time anyway!

     

     

    Their manager Tony Moon wrote to me when I complained in the hope of getting a ‘freebie’

     

     

    He sent me some programmes, badges etc.

     

     

    I forgave them, and was glad I did when I went to the Apollo to see them, especially when they played ‘Nice ‘n’ Sleazy’.

     

     

    Sure you’ll remember her, er, I mean it, if you were there!

     

    ————————————————————

     

    LOL! I do remember that – think the band actually asked if anyone wanted to come up on stage and “entertain” the crowd with them. That particular volunteer had all the right assets!

  11. TBJ says Wee Oscar Knox is in heaven with the angels

     

    22:10 on

     

    26 December, 2014

     

    Looking forward to the match tomorrow .. Apart from the fact I’m working until 2pm

     

     

    An early goal from LG then another two for wee Orville to make his hat trick . 5-1 the hoops

     

     

    Meanwhile in edin burger … Hibs win a ” robust affair ” while the jam tarts stretch their lead to 15 points

     

     

    your Carlsberg moment

     

     

    HH

  12. TBJ says Wee Oscar Knox is in heaven with the angels on

    Dena

     

     

    They come true now and again ;)

     

     

    Hope you all had a nice Christmas

  13. Dallas Dallas where the heck is Dallas on

    Natknow, I saw the stranglers a couple of times at the Apollo, great live band. Hugh Cornwall is a great front man. If he plays a solo gig, go and see him. He does a mix of his own and stranglers stuff.

  14. TBJ says Wee Oscar Knox is in heaven with the angels

     

    Every now and again would do me if they were all like that :-))))

     

     

    yes a happy and peaceful one what more could you want ….

     

     

    hope yours was good too will you get time to get to the corner tomorrow?

     

     

    HH

  15. Had a lovely festive ….. Right up til the Guineau pig died….. Burghbhoy junior And miss Burghbhoy in mourning.

     

    Ma airms still sare from digging the shallow grave !!

     

     

    Anyways will take the wee Bhoys mind off it at paradise the morra.

     

     

    Never been to Cqn corner but going to take Teuchter ar la of this parish to it tomorrow

     

     

    HH

  16. Oooops was oot wae the deputy there

     

     

    Doc, no idea, drop me a note in the morning and I’ll let ye know

     

     

    Melbourne Mick – did you drop your email to Lennybhoy or BlantyreTim the other day ?

     

    If not you can also drop it too cqnpredictor@gmail.com, one of the admins there will pass your email on, if that’s ok.

     

    Laura, now telling us she is actually flying to Thialand from Melbourne on 11th Jan, (got flights for 200 Aus ?) so probably heading to Melbourne on 5th Jan for a few days prior to flying out, going for a month, back to Melbourne then onto Adelaide

     

    No bad eh

     

    Hopefully catch up on email in a day or 2

     

     

    Right who will be at CQN Coarner :-)

     

    Me, Weefra, Dena29, who else ?

     

     

    Hail Hail

  17. TBJ says Wee Oscar Knox is in heaven with the angels on

    Dena

     

     

    I’m working until 2pm .. Takes me about 20 mins to Celtic park so depends on parking wether I make the corner before going into the stadium .

  18. Burghbhoy

     

    22:26 on

     

    26 December, 2014

     

    Had a lovely festive ….. Right up til the Guineau pig died….. Burghbhoy junior And miss Burghbhoy in mourning.

     

    Ma airms still sare from digging the shallow grave !!

     

     

    Anyways will take the wee Bhoys mind off it at paradise the morra.

     

     

    Never been to Cqn corner but going to take Teuchter ar la of this parish to it tomorrow

     

     

    HH

     

    Condolences to the family pet ….. look forward to seeing you tomorrow

     

     

    you cant miss me I’m the mouthy Irish one lol

     

     

    HH

  19. Dallas Dallas where the heck is Dallas

     

    22:23 on

     

    26 December, 2014

     

    Natknow, I saw the stranglers a couple of times at the Apollo, great live band. Hugh Cornwall is a great front man. If he plays a solo gig, go and see him. He does a mix of his own and stranglers stuff.

     

    ————————————–

     

    Yeah – I saw Hugh a few years ago at King Tuts. Was a good gig and as you say a real mixture. Stranglers playing in Glasgow soon I believe. “New” singer has now been with the band longer than Hugh was! Mental…

  20. TBJ says Wee Oscar Knox is in heaven with the angels

     

    22:29 on

     

    26 December, 2014

     

    Dena

     

     

    I’m working until 2pm .. Takes me about 20 mins to Celtic park so depends on parking wether I make the corner before going into the stadium .

     

     

    Hope you make the corner if not wont see you till 21st Jan (I think)

     

     

    so will have to wish you Hoopy New Year on here

     

     

    HH

  21. Gordon

     

    I am with you on that call, players getting to play the system he wants , but! some are struggling with the basics of the game at times, cannae blame Ronny for that.Work in progress and can see improvement and more to follow I hope.

     

    Awerabest PJ

  22. You’ll be welcome Burghbhoy, with Junior and Teuchter ar la

     

     

    Just avoid Big Jamesgang Hugs, their for Weefra only :-)

     

     

    TBJ, 20 mins, you walking in

     

     

    HailHail

  23. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    £6.5m investment offered to Rangers,eh?

     

     

    One born every minute. I wonder how it will be used,and how long it will last till the begging-bowl goes round again.

  24. Cowiebhoy

     

     

    See you there

     

    if its like the last match it took me 5 minutes to say hello to the new comers and 10minutes to hug them all…….it was great

     

     

    HH

  25. Ok ghuys and ghals, long day tomorrow, though not as long as dena29s. Cot time for me and I hope to meet all the usual suspects and maybe some new visitors at the now famous CQN Corner. I hope you all enjoy what’s left of your day. Night Night Timland. COYBIG.

     

     

    Weefra HH praying to Wee Oscar.

  26. Dallas Dallas where the heck is Dallas on

    Bada, thanks for the tip. I hope Leigh gets a start tomorrow.

     

     

    Natknow/ beatbhoy, when I think about it, that’s bang on about the ‘new’ lead singer of the stranglers.

     

     

    The raven is my favourite stranglers song, jj’s bass line is brilliant.

     

     

    Charlie & Jason still injured according to sky sevco news earlier.

  27. lennybhoy

     

     

    Thanks Bhud

     

     

    Hope you and family had a nice day,

     

    I see another couple of Coatbridge RoaStars have popped up last few days :-)