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SPFL hand King his rump on a plate

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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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  1. mike in toronto on

    KevJ

     

     

    You know I agree with Moses of your posts (not all), and I think you catch more than your fair share of crap for posting the inconvenient truths. So, I am reluctant to criticize… but…

     

     

    I thought your post about HT was unfair. I wish the Trust had been more vocal about the cheating, and so I stop participating. But HT is clearly one of the good guys. He (and others, but we are talking about HT here) seems to have put in a huge effort to get the Act repealed. And they did.

     

     

    I can understand why they would choose to focus on repealing a law that was ruining lives, rather than caring as much about money and trophies. And for that, HT and the others have my utmost respect and thanks

     

     

    :)

  2. A Ceiler Gonof Rust on

    BRTH, there’s nothing not to be impressed about after to the climb to the top of Masada, your pal must have had extra water bottles and lube.

     

     

    On the face of this planet there are some stunning man made objects, Ankor Wat and the Cambodian irrigation system, the Egyptian pyramids, blah de blah

     

     

    The ramp to the summit of Masada it still up there and would impress PeteC, as would the story if he cared to read about it.

     

     

     

    Hottest place I’ve ever been and they didn’t delete yer posts either!!!!

     

     

     

    Bib snooted burd are the biz BYW

     

     

    Free Palestine,

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