I could speak of having some man-love for Dave King, but at the very least, there is a growing affinity. Hot on the heels of calling for an investigation into a Celtic fan on the SFA board, yesterday the chairman of Newco (and former director of Rangers (in liquidation)) demanded the SPFL “must immediately suspend its Chairman pending an independent investigation by a senior QC”.
This concerned “allegations of non-disclosure” that SPFL chairman Murdoch MacLennan was appointed as a non-executive director of an Irish media business in which Celtic director, Dermot Desmond, has a minority shareholding.
Only problem is, MacLennan disclosed his appointed to the SPFL board, two months before it took effect. This board includes Newco managing director, Stewart Robertson.
The SPFL handed King his bum on a plate by killing the allegation of non-disclosure stone dead:
“The members of the SPFL board were each informed of Murdoch’s appointment on January 19 2018, the same day it was publicly announced in a press release from Independent News & Media PLC. That release was also circulated to the entire SPFL board that day.
“No director raised this issue subsequently [including Stewart Robertson]and it was not the subject of any board discussions.
“A non-executive position on a PLC does not constitute a business relationship between that individual and a minority shareholder in the company and, therefore, no investigation is warranted.”
Asks yourself, why would you publicly demand an investigation into an alleged non-disclosure four months after the matter was disclosed to you? Why do this knowing the answer will be “But it was disclosed. To you”?
Based on confirmation from the SPFL that Stewart Robertson knew this information in January, we can conclude this is an entirely an entirely fabricated indignation. It plays to King’s season ticket demographic, who may be the last constituents he has when several of the critical issues on the Newco horizon materialise. It will not gain an inch of traction within Scottish football (please bear this in mind the next time you demand Celtic ‘take on the man’ in a futile attempt to show they care).
You would be embarrassed by such a quick and complete rebuttal of your “non-disclosure” allegation. Not King, the fact that MacLennan’s appointment was disclosed will not even cause him a moment of cognitive dissonance. The psychological insight is fascinating.
What’s his game? I’ll remind you with a few suggestions:
Next month Uefa will decide if Newco have cleared Financial Fair Play rules. If not, they will likely be denied entry to the Europa League. This matter is down to corporate (King’s) planning, or lack thereof. It will require an epic amount of spin, but King has prepared his placemen.
The club has survived thus far on soft loans, some of which are due to be repaid by 1 July (when season ticket money will be in the bank). Expect some of the lenders to demand repayment.
He needs to get £11m into the UK, then wait to see how many shareholders accept his 20p offer. My guess is this will relieve King of a substantial amount of his ‘warchest’. There are also the issues around failure to comply with a court ruling on this within the specified period.
King was a director of Oldco when the club submitted its Uefa licence information in 2011, an issue which is now under investigation.
The man is besieged by problems all round. What we are witnessing is bunker mentality, firing at targets which don’t exist.
I know what you are thinking, why did the SFA pass him as Fit and Proper? He is not, of course, but don’t sweat this one. It is much better to have him set the tone at Newco than anyone else. He has no credible plan to build Newco into a competitive football club. Leave him there for as long as possible.
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That’s a long way from where I am, up on the North Coast, just outside Girne (Kyrenia). Very warm here too, with occasional thunder-storms.
Enjoy your stay there!
HH
MILD MANNERED PEDRO DELGADO on 30TH MAY 2018 2:41 PM
Your stupit and not near as clever as me
Thumbs up thingy
: > )
PS Jealous
Cyprus, lo siento as they say in, well Spain
Bloody hell ah am stupit. Well spotted jc2
Cyprus bhoy I heard that thunder clap this morning.
Of biblical proportions.truly…..
Lie down now before a hurt massell
The thunder & lightning show will be on for the next week, Pedro. :-)
Phils up
Not read yet
Training for the Camino walk in October started in earnest today with 11 miles in 3.5 hours. Feel a bit sore and feet ache a bit and got a bit wet. Same again on Friday or Saturday.
https://philmacgiollabhain.ie/2018/05/30/ranting-in-the-joburg-bunker/
I’ve got that ability to empty a room as soon as I start a conversation
Denia Bhoy & Celtic Mac
Many thanks for the info, very much appreciated.
However, surely Murray et al , who were at the club at the time, must be culpable and must repay Hector, or am i missing something. OK, Murray sold out for a quid, but it surely cannot be allowed for him to so easily admonish his responsiblity, or can it.
Thanks again
KINGLuBO
KevJungle
Give it a rest what you allege is nonsense which you repeat ad naseum
GENE
Had that Camino walk in the back of my head for years Gene, I hope you will be able to let us know how it goes or a wee post about it after you’re finished.
May the road rise to meet you!
HH
Starry Plough
We are doing the English way starting at Ferrol and should do the 110kM in 5 days – There are 12 of us going – Parish Priest, 2 seminarians, undertaker (hope he’s not needed in his official capacity), 2 teachers, 2 students , and 4 of us old timers. ages range from 18 to 80.
Looking forward to it – with the adage fail to prepare = prepare to fail.
Kinglubo – It was a limited company so directors not liable for debts – however if fraud involved then that is a different matter.
GENE
I think whatever way you do it is the right way:))
God Speed as they say!
I know many of you are fascinated or at least intrigued by some of the far eastern cultures.
But even to those immersed in the mysticysm, beauty and humanity will surely be moved by this.
enematic.wordpress.com/2018/05/30/its-a-miracle/
Hail hail
Matt
Of course sometimes it helps to get the link right!
http://alturl.com/mfi3n
Hail Hail
Matt
So, according to Phil McG, none of the sevco high command had an inkling that King was preparing to release yet another statement calling for the resignation of Murdoch McLennan and an independent QC led inquiry into an,alleged, non-disclosure breach?
It has now been made public that there was disclosure, and that NOBODY on the SPFL board including sevco MD Stewart Robertson voiced any objection.
Phil is also correct when he says that Denis O’Brien is one of, if not, the most litigious man in Ireland.
King may be in for another day(s) in court.
HH!!
Couldn’t help my self.went on to Hun media
They’ve got another statement from the glib one.bu no sign of anything on the bbc or anywhere for that matter
“I am surprised at the SPFL’s response to my request for an independent investigation into the relationship of its chairman to major shareholders in Celtic FC.
“Any organisation that has behaved properly would welcome an independent and transparent review.
“The SPFL’s response does not even attempt to answer why there was non-disclosure of the conflict that immediately arose when the SPFL chairman accepted this appointment.
“SPFL board members were informed that their chairman was taking up a non-executive directorship with another business but they were not told there was a conflict of interest due to common shareholders with significant influence within that company and Celtic FC.
“We need to be told if the SPFL chairman chose not to disclose the conflict. If it transpires that he did in fact make the required disclosure then to whom did he address this and why did that person not relay this critical information to SPFL board members?
“Had the conflict been disclosed the SPFL board members could have carried out their fiduciary obligation by interrogating this conflict of interest and agreeing how the chairman would deal with it going forward.
“The existence of this conflict means that the SPFL chairman must recuse himself from much of the business of the SPFL going forward thereby rendering his present position as being not fit for purpose.
“The SPFL’s rather hurried and inadequate response merely reinforces my personal view that good governance is not a priority for the SPFL executive.
“These questions must be addressed immediately if confidence is to be restored in the SPFL executive and its chairman.”
TET
Incredible. He is calling the integrity of the SPFL Board and an SPFL official into question with no valid basis for doing so.
All the SPFL Board have to do is ask Mr King for evidence where the SPFL Chairman is guilty of misconduct.
You would think DK was goading to have TRFC/RIFC suspended from the league.
I wonder if SG would want to manage in such toxic environment.
Auldheid
Incredible is one way of putting it :-)
I think he is angling for a disrepute charge, he is defo looking for a way out imo
Still it keeps the close season interesting so it does.
HH
King is bang at it, he knows there was disclosure but still banging on about transparency, he’s got the hordes onside though, they love it, they think Glibby is the defender of the faith..
Interesting to see what’s behind this latest great strategy??
diesoonpease CSC
I was always under the impression that we were the paranoid ones, seems I may well have been wrong.
https://pbs.twimg.com/media/DecUf1KX0AE6IvC.jpg:large
These fuds sabre rattling for the hun hordes, for this conman to talk about fidicury duties, transparency etc etc is an absolute joke
Who starting the first John Terry rumour?
And it was only last month that Glibby was a waste of space and they wanted him gone, gullibilies disny even touch the sides, I hope they never change.
glasgow on pointless
patron st of glasgow ?
Mungo !
What happened to the Morelos money?
!!BADA BING!! on 30TH MAY 2018 5:46 PM
Who starting the first John Terry rumour?
——
Take.
BOURNESOUPRECIPE on 30TH MAY 2018 5:56 PM
What happened to the Morelos money
——-
Besiktas trying to deal at £2m. Daylight robbery. He’s not worth half that.
Using the ole Level 5 calculator,……………….. you’ve just lost £10M
Overheard at the water cooler ” Are you doing anything for Stevie Gee day on Friday ”
TheGift CSC
Who would win in a fight between Dave King and Ben Turpin?
No. 13 Shorts
Remember reading that in a Tom Campbell ? Book … not sure if that is the match report urging the Celtic support not to respond to their ribald doggerel, a phrase whose time could be about to make a comeback , given the pishometer reading from Govan
HH
Totally unrelated to the King statement but does anyone know why as kids, we would spit on brown slugs on the way to school?