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?

Sale starts today on CQNBookstore, fill your boots!

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  1. this south American consortium lookin tae buy st Mirren , is it headed by a chico verde by chance ?

  2. 16 roads - Celtic über alles... on

    Just had a look at the CQN annual – they have me down as 6 roads!!

     

     

    Was gonna say that half is better than nothing, but half of 6 is 8, so that’s less than half.

     

     

    Less than half is better than nothing then.

     

     

    Excellent production none the less.

     

     

    Damn hangover. :(

     

     

    HH.

  3. ....PFayr supports WeeOscar on

    16 roads

     

     

    Half of six is eight ????

     

     

    Hungover …sure your not still pissed :-))

     

     

    Merry Christmas pal

     

     

    HH

  4. Inter ” Home ” tickets .

     

     

    Now on sale to Season Ticket holders only ( 50% discount ). General sale of tickets will begin at 11am on 15 1 2015.

     

     

    Tickets will be on sale at official Vivaticket sales points .

     

     

    Off oot –London calling

  5. 16 roads - Celtic über alles... on

    ….pfayr supports weeoscar

     

     

    14:23 on 26 December, 2014

     

     

    ————————————————-

     

     

    So it is Pfayr.

     

     

    Should have said half of 16 is 8.

     

     

    Happy St.Stephen’s Day chief, and I hope that you back plenty of winners the day.

     

     

    HH.

  6. An Dun .

     

     

    Sorry -if I have confused .you That information relates to the game in Milan and is for those who dont get a Celtic ticket and are willing to be in with the Inter support.

  7. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    I was surprised that the SFA issued their statement after what was an informal meeting and that Llambias was looking for approval for a 30% share. I think it may be some kite flying. Although Ashley already has securities over most Sevco things he does not over the stadium and handed back the naming rights. It can be seen that there is nothing left that is safe for him to securitise and hence the request to be allowed a larger shareholding but why announce this officially after an informal meeting ?

     

     

    HH

  8. happy Stephen’s day everyone !

     

     

    Let’s hope Ashley’s well rested and ready to pick on the carcass.

  9. If JG is dropped tomorrow do you think he will benefit from it or will he look elsewhere?

     

    Serious question.

     

    Ronny has a tough decision to make if he wants to sign him.

  10. BIG-CUP-WINNERS on

    Brass Man

     

     

    Know what you mean, but in reality “fading away” is, exactly what is happening to them.

  11. skyisalandfill

     

     

    You trying to make us hungry?

     

    ———————————————————————————–

     

    Could not eat an measly after dinner mint yet after yesterday.

  12. jude2005 is Neil Lennon \o/ on

    Burgas Hoops

     

     

     

    9/1 is tasty imo!! Ive tandem a few times!! Ill get ma coat.

  13. Thats a sweet one put down by the SFA.

     

    Forces the recipients of onerous contracts to put money into the club(if they choose) instead of out

     

    Forces those who already invested to invest more(if they choose)information while diluting their share and power base

     

    Puts the onus on the internationals to put thr own house in order.Mash et d’lamb know thro thr english club the boxes to tick for ffp, they will know if thats possible the way they are set up financially.

     

    It really does shine a light on their need as a club to be addicted to the ‘never never’-they need to realise their psychological addiction to other peoples money must stop.this as the news that dodgy dave king faces having his charge sheet.

     

    So it looks if you get a £ in the door thats what you spend, just like the rest of Scottish football.

     

     

    HH

  14. Just catching up

     

     

    Like no other

     

    Your dad would be proud of you :)))).

     

     

    Today is the Christmas gathering of my side of the gang

     

    22 of us and we even have a token Sevconion :)))))).

     

    Have a great day all and see some of yous tomorrow .

  15. HOOOOOOTENANY=

     

     

    A gathering of fine likeminded Tims for a swally and talk of all things Celtic and ANYTHING else ye want to talk about.

     

    Ps swally optional :))))))))

  16. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    HOUL YER WHEESHT

     

     

    Details are still sketchy. Leaving the details to the local Bhoys.

     

     

    But if yer available on 14 Feb,in Belfast,we’ll be there wi bells on.

  17. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Can anyone post a link to the Wdowczyk free-kick against Arsenal,2-2 in Paul Davis testimonial?

     

     

    I know it’s on YouTube,but canny find it.

     

     

    Grateful thanks for any attempts. Btw,Seaman still hasn’t moved!

  18. BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS

     

    15:12 on

     

    26 December, 2014

     

    HOUL YER WHEESHT

     

     

    Details are still sketchy. Leaving the details to the local Bhoys.

     

     

    But if yer available on 14 Feb,in Belfast,we’ll be there wi bells on.

     

     

    and it’ll be my first :-)))))

     

     

    HH

  19. jude2005 is Neil Lennon \o/ on

    BMCW

     

     

     

    Get in the Q. Am still waiting on the coffin gazebo link. 3 daze and counting!!!

  20. jude2005 is Neil Lennon \o/

     

    15:19 on

     

    26 December, 2014

     

    BMCW

     

     

    Get in the Q. Am still waiting on the coffin gazebo link. 3 daze and counting!!!

     

    Might need to ask again now that those capable of doing what you want seem to be on :-)))))

     

     

    I sawyour post but you’d be waiting til next Christmas with my timternet skills

     

     

    HH

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