SFA, The Offshore Game, flogging assets

616

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?

Sale starts today on CQNBookstore, fill your boots!

Click Here for Comments >
Share.

About Author

616 Comments

  1. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    THE SHAMROCK

     

     

    Very very witty stuff,mate.

     

     

    Off for a few beers,with a smile on my face-cheers!

  2. joe filippis haircut

     

     

    09:57 on 27 December, 2014

     

    tonydonnelly67. There must be oil under Ibrokes why else would they waste there money. H.H. :- )

     

     

     

    Either that, or I’m missing some thing ;))

  3. Train to catch in an hour, been a long week for this game to come round . Bloody arabs

     

    spoiled it a wee bit. Here’s hoping for a good performance and more importantly a WIN.

     

    who’s putting this 6.5 million intae the sevvies ?

  4. Mighty Tim:

     

     

    I’ll pray for your Father-in-Law mate. Love to you, the Mrs. and the rest of the family.

     

     

    Keep the Faith!

     

     

    Hail Hail!

  5. Seems like half my last post got lost when I tried to add a wee sarcastic smiley….

     

    Any way , I consistently have said tha Mike Ashley will still run the circus over there. If he tires of it, real fun will begin. However I say he will hang in there until all of Charlie’s legacy stuff is gone, then we will see the Orcs and there followers kitted out in Sports Direct gear, playing in a Sports Direct Stadium and for a bargain Sports Direct price.

  6. 67Heaven ... I am Neil Lennon ....The angels are with Wee Oscar in Heaven.. Ibrox belongs to the creditors on

    Off for a wee swim then on to the game …..do,….do

  7. bournesouprecipe on

    Celtic, Celtic thats the team for me,

     

     

    Celtic, Celtic on to victory,

     

     

    They’re the finest team in Scotland, I’m sure you will agree,

     

     

    We’ll never give up till we’ve won the cup and the scottish football league

     

     

    They come from bonnie Scotland, they come from county Cork,

     

     

    They come from dear old Donegal and even from New York,

     

     

    From every street in Glasgow they proudly make their way,

     

     

    To a place called dear old paradise and this is what they say.

     

     

    Celtic, Celtic thats the team for me,

     

     

    Celtic, Celtic on to victory,

     

     

    They’re the finest team in Scotland, I’m sure you will agree,

     

     

    We’ll never give up till we’ve won the cup and the scottish football league

     

     

     

    There’s Fallon, Young and Gemmell who proudly wear the green,

     

     

    There’s Clark, McNeill and Kennedy the best there;s ever been,

     

     

    Jim Johnstone, Murdoch, Chalmers, John Divers and John Hughes,

     

     

    And sixty thousand Celtic fans who proudly shout the news.

     

     

    Celtic, Celtic thats the team for me,

     

     

    Celtic, Celtic on to victory,

     

     

    They’re the finest team in Scotland, I’m sure you will agree,

     

     

    We’ll never give up till we’ve won the cup and the scottish football league

  8. Mighty Tim

     

    Sorry to hear about your father in law Dougie Craig.distressing for you at this time.thoughts with you and your family.

     

    ——————————

     

     

    Friesdorfer

     

     

    6.3p the 3bears are offering…

     

    Tell me is this the same fairytale that has somethin to do with porridge?

     

    Or is that what those involved will end up doing? :-)

     

    Hope you abd family had a good christmas.

     

    :-)

     

    HH

  9. CQN Saturday Naps Competition

     

     

    Lads, for those who are in the CQN Saturday Naps competition, please go back and post today’s selection at the end of the previous article :

     

     

    “You did this”

     

     

    All the best, fleagle1888

  10. ArranmoreBhoyLXV11 on

    HH

     

     

    As I noted earlier,the originator of latest Sevco desperation story is Richard Wilson & other BBC “writers”..

     

     

    People who have not dealt in reality since 2012, but need to come up with a positive Sevco story EVERY day..

     

     

    Once you realise that’s their job,it becomes easy to watch & laugh..

     

     

    I continually ask the journos to tell me the repair bill for poundland …

     

     

    Hearing people who ve been inside it working on it apparently it’s shocking disrepair..

     

     

     

    Just keep asking wee RichWilBBC on twitter the questions..

     

     

     

    Paradise today..cannae wait..

     

     

     

    HH

  11. Bsr 10:22

     

     

    You posting that is now part o my match day experience

     

    :-)

     

    HH

     

     

    OntovictoreeCsc

  12. Hi guys,

     

     

    Met a friend last night who makes films for a living. We were having a chat about potential film ideas and I suggested that he tried to make a biopic about Fergus McCann. He had an amazing life and there would easily be enough drama in it to make a pretty decent film. What do you guys think?

  13. Douglas Park.Celtic help him out as well ,hiring one of his Buses,,thats another thing that is wrong with our club,if the shoe was in the other foot, you can bet the huns ,no way would they hire a bus from a tim. ihave said may times on here Celtic should have there own Big Green Bus.

  14. Hope Lustig is back and Griffiths starts

     

     

    Gordon

     

    Matthews Lustig VVD Izzy

     

    Brown Biton Johansen

     

    Forrest Guidetti Griffiths

     

     

    Subs Zaluska Ambrose Henderson Mcgregor Scepovic Stokes Wakaso

     

     

    Think it’ll be a lot closer than many think. They will defend deep and in numbers and we struggle to break teams down. A one or two goal victory.

  15. The Battered Bunnet on

    Hearing that Bournesouprecipe has changed the Gazebo snack menu today.

     

     

    The Champagne and Canapes are aff.

     

     

    It’s Mulled Wine and Mince Pies apparently: wine from Buckfast Abbey, pies from McGhee’s.

     

     

    DownsizingCSC

  16. There’s only one thing to say, in this festive season, in response to the latest lifeline for Sevco: “Ho Ho Ho”.

  17. bournesouprecipe on

    The obligatory team guess

     

     

    ………………………………..Gordon………………………………………………

     

     

    Matthews……….Ambrose…………….Van Dijk…………………..Izaguirre

     

     

    ………………………………Brown…………..Bitton………………………………

     

     

    ……………….Forrest…. …………Johanssen………. …..Stokes……………….

     

     

    …………………………………… Guidetti…………………………………………

  18. Parks buses are probably being used because they supply a reasonable and reliable service which Celtic are happy with. Why should they change that?

     

    Because Mr Park is a hun…really?

  19. an tearmann

     

    think he was asked recently if he had bought or rented a local property – he said he had rented and added “on a short lease”

  20. So Celtic should not employ someone because of the football team that they support.

     

     

    Isn’t that just blatant bigotry?

     

     

    I am glad that those that as actually responsible for running our club are free of such bigoted sentiments.

     

     

    TT

  21. Bsr/TBB

     

     

    Is there any updates/refurbishment re the tented cqn gazebo area?

     

    My concern arises by what was termed a ‘spivouac’ on tsfm.

     

    Is this competition for said cqnGazebo?

     

    :-)

     

    HH

  22. An Tearmann

     

    Haha, they just don’t get it, do they. Hopefully will continue on the same track, to our delight. Trust you had a good Christmas also.

     

    HH