Before you start on the subject of the breaking news at the top of the page, we have a VERY important message lower down the page, so make sure you read the whole blog!
Since Rangers first went into administration on St Valentine’s Day 2012 those seeking to phoenix the club have kept their eyes on the critical item – ownership of Ibrox Stadium. Ultimately it doesn’t really matter who owns intellectual property like the badge or crest design or domain name, if you own Ibrox, you decide who can play football in your stadium, or not, as the case may be.
With wages day approaching, and with creditors having taken recovery steps earlier this month, Rangers International are in urgent need of cash to stave off an insolvency event. Two groups of potential new investors have failed to come up with the cash necessary to secure control of the club, and the SFA stopped the club from issuing more shares to Mike Ashley, so, as many predicted, Ashley has lodged papers to gain security over Ibrox and Murray Park. A loan from the affable cockney now seems the club’s only viable option.
The first thing to point out is that this security does not mean Ashley will acquire Ibrox, such an eventuality would only happen if newco Rangers failed to adhere to the terms of any loan secured against it, or both parties agreed to forgive the loan in return for Ibrox being passed to Ashley, with a tenancy agreement being struck.
CQN reported Heads of Terms drawn up in 2012 for the sale of Ibrox and Murray Park, with the leaseback of Ibrox at a rate of £5.4m a year. It’s worth refreshing some of the options which could be on the table.
An annual rent of £5.4m is a bit steep in return for the estimated £10m-or-so cash necessary to finish the season, but newco may consider living month-to-month like this is unsatisfactory and instead take the opportunity to borrow enough money to see them through the next 18 months, a figure well north of £20m.
With no Hearts (and possibly Hibs) to compete against next season, newco would have an excellent chance of promotion into top-flight football for season 2016-17, with commensurate access to additional revenues. They would have to pay rent, and learn to survive without profitable merchandising revenue streams, which have already been sold-off, but at least there is a chance they could muster a football budget almost double the size of that oldco had in 1876, their fourth year of business.
Remember what we covered a few weeks ago. A football club is actually a collection of businesses: merchandising, hospitality, publishing, broadcasting, advertising, property rental, and football. In business terms, the ‘football’ part is rubbish. It always loses money and attracts incessant complaints from fans, who are both necessary to keep the venture afloat but always want to see budgets expanded to allow them to live vicariously by reaching whatever ‘next level’ floats their boat.
Merchandising and advertising are hugely profitable, publishing and broadcasting less so, while hospitality is hugely dependent on the vagaries of sporting fortune. Ashley has merchandising, stadium and possibly shirt advertising. If he picks up stadium rental income, newco have reached the logical conclusion of where a distressed club ends up- someone will come in and strip away all the profitable revenue streams, leaving some other mug to take flak from fans.
This is the template, more clubs will follow.
Tickets go on sale TODAY for CQN 11, our St Patrick’s Day Dinner event, which this year celebrates the 50Years since Stein, the 50th anniversary of Jock Stein becoming Celtic manager will occur a few days before the event, which takes place in the Kerrydale Suite on Friday 13 March.
Last year, CQteN raised enough money to build three school kitchens in Malawi for Mary’s Meals. It was a stunning achievement, attendance at the schools has increased by over 30% since the kitchens were built, over 2000 kids are being fed each day, often their only meal of the day. We’ve told Mary’s Meals we’re going to fund another school kitchen this year, and they have asked us to build at Chibwata Primary School, which has 909 pupils, without any kitchen facility. The UN regard Malawi as the 17th poorest country in the world, but it is making progress and is fertile territory for targeted aid like this.
We’re going to change the mix from last year but as well as your dinner, there will still be a dance with great singers, you will hear from some former players, and Jock’s biographer, Archie Macpherson, will say a few words on the man.
You can book individual tickets or tables on CQNBookstore (at the bottom of the page). Any problems, let me know, celticquicknews@gmail.com
It will be another fantastic event, look forward to seeing you there.
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petec,
Copy n paste :o).
Then ye cannae go wrong.
Hail HAil.
Fred C. Dobbs
01:47 on 16 January, 2015
petec,
Copy n paste :o).
Then ye cannae go wrong.
Hail HAil.
~~~~~~~~~~~~~~~~~~~~~~~~~~
Whisper it, I think people do things on purpose.
Good purpose most Times, I’ve always been like yer very Fine self, copy and paste. ;))
Over time it says so much.
BEATBHOY 2356
Best line from Derek n Clive was,IMO…
“The Russian Health service,marvellous. No waiting lists over there.
Soon as they see there’s something wrong with you,they shoot you.”
BMCUW,
:)) But come on, at least in the USSR you’re given time to reach an age where you can opt to be sent to the Gulag, and not being put into a system of regimented, government controlled child abuse. In the UK. Today.
https://www.youtube.com/watch?v=orknH8A5AAg
More proof,as if it was needed,that the EPL is insane.
From The Telegraph…
“Tom Cleverley – Aston Villa have an option to complete a £7m deal for the Manchester United midfielder in January. Will not be retained at Old Trafford, but Villa may have to sign him next month to thwart Everton’s plans to complete a free transfer in summer.”
£7m to sign a player who can sign for zip five months later. Or about £400k plus wages per game.
Oh,and he ain’t even that good!
Most fholk that post on CQN will ignore the issue of that video after watching it. Not a slight on them, but the point being, it needs to be “marketed”.
But, like everything else, it will fizzle out, continue, with the help of distractions, and encouraged apathy and induced fear of over-zealous rozzery.
FFS, you can’t even wear a “free-Palestine” t-shirt in public now.
C’est vrai.
FFM
Agreed,the child court system,held behind closed doors,is a disgrace. Glad to see it being appealed in the ECHR.
Very good point,mate.
Point of order,FFM.
I mentioned that t-shirt earlier. There is no legal reason for it not to be worn in public.
It’s only a problem when worn at a football match. In Scotland. By a Celtic supporter. And the sods haven’t been able to do you on any other trumped-up nonsense.
Please get your facts right,errors like that are inexcusable.
FFM – I’m the only conspiracy theorist in the village)
02:42 on 16 January, 2015
BMCUW,
:)) But come on, at least in the USSR you’re given time to reach an age where you can opt to be sent to the Gulag, and not being put into a system of regimented, government controlled child abuse. In the UK. Today.
https://www.youtube.com/watch?v=orknH8A5AAg
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Wonderful Life- BLACK
Where are the White, the fighters of Goodness.
The Waters have been Muddied for so long.
All that happens now is muddling minds.
BMCUW
:)), Aye !
Now, I wonder, would it be okay for a hun to wear it?
rozzeranomalies.CSC
:))
Hope you’ve survived the weather in Swindon big fella?
I get the impression you’re one of those who will not be stopped by weather !
Can I share my favourite BMCUW tribute video now? Which is now presenting a 4 second advert due to the number of view from CQN ! :))
https://www.youtube.com/watch?v=1HnOFwqpLRQ
HH Me aud pal :)
petec,
Wow, Wonderful Life by Black. Great shout, loved that song !
Every Celtic Supporter is =.
bottomline.csc
Pedro,
I supposed it’s as well to share this good exposé of freemasonry’s workings, for anyone else who wants to see it.
A very worthwhile watch/ listen, recommended to all.
https://www.youtube.com/watch?v=0Q18iSz6mus&sns=em
Don’t stop believing
Ronny D, take us to the TOP.
petec,
Another song from the same age as Wonderful Life, which I quite liked.
From intellectual anti-jazz purists ( a description given by moi who hates jazz, btw) , the brothers Kane and Kane :)
https://www.youtube.com/watch?v=9gxMvb9VrzY
FFM – I’m the only conspiracy theorist in the village)
03:17 on 16 January, 2015
Pedro,
I supposed it’s as well to share this good exposé of freemasonry’s workings, for anyone else who wants to see it.
A very worthwhile watch/ listen, recommended to all.
https://www.youtube.com/watch?v=0Q18iSz6mus&sns=em
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Thanks for sharing, I will watch it over the weekend.
Information is crucial, information that isn’t available to so many is priceless.
HH Big Chap.
That’s really annoying me, the Hue and Cry video should have been this one:
https://www.youtube.com/watch?v=435SdaTPkjM
Typical of a jazz loving Hue and Cry and fan, the song title was wrong.
F@cking jazz merchants.
My point was, this was actually a good song.
FFM – I’m the only conspiracy theorist in the village)
03:22 on 16 January, 2015
petec,
Another song from the same age as Wonderful Life, which I quite liked.
From intellectual anti-jazz purists ( a description given by moi who hates jazz, btw) , the brothers Kane and Kane :)
https://www.youtube.com/watch?v=9gxMvb9VrzY
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It is Time to accentuate the positives of having so little Money in the Scottish Game.
Aberdeen, Celtic, Dundee Utd, Hearts, and TM’s Hibs all battling for the SPL Title will make me a very happy person.
Hips will sway
petec,
It’s only a matter of time before we will not be legally allowed to discuss these things with each other.
And, as you know, our favoured venue was destroyed by rozzer forces.
Time we started digging an underground bunker.
I’d suggest we meet to discuss plans in Bairds Bar. Oh, wait.
Okay.
Celtic Park.
Hmm.
Ok, time we started learning to talk in code. >:((
Where have all the socialists gone? No sorry, Pedro, that’s just my question; even though we disagree on so many things, we still can only discuss it in certain places.
21st Century eh.
https://www.youtube.com/watch?v=JPR108kwNo4
FFM
Not only is it ok,but I’ve saved it on a separate browser!
Well,not many women can carry the “WOW” factor in a bliddy raincoat…
While I’m ranting, where’s all the great Scots and Glasgow bands??
https://www.youtube.com/watch?v=W6xcw-OSY6g
MICKTT 0034
“All officers were on a tea-break” was the reason given for there being no police officers present at the time,therefore unable to act in accordance with the OBAF Act.
As you say,never heard of that before. If all officers went on a tea-break at half-time back in the 80s,I’d still be wondering what to do wi that greasy pie!
FFM – I’m the only conspiracy theorist in the village)
03:38 on 16 January, 2015
petec,
It’s only a matter of time before we will not be legally allowed to discuss these things with each other.
And, as you know, our favoured venue was destroyed by rozzer forces.
Time we started digging an underground bunker.
I’d suggest we meet to discuss plans in Bairds Bar. Oh, wait.
Okay.
Celtic Park.
Hmm.
Ok, time we started learning to talk in code. >:((
Where have all the socialists gone? No sorry, Pedro, that’s just my question; even though we disagree on so many things, we still can only discuss it in certain places.
21st Century eh.
https://www.youtube.com/watch?v=JPR108kwNo4
++++++++++++++++++++++++++++++++++++++++++++++
It won’t be long before the Army will be patrolling the UK streets, what happens after that?
Chip to secure.
NN and God Bless Every Celt.
FFM,PETEC
You can always meet where you first did. That place will never close!
BMCUW,
:)) Aye, but the pies are shit and I always struggled to accept that comb-over.
Your point is vaild though; there are still pubs where we can discuss freely.
I like that. :)
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
03:44 on 16 January, 2015
FFM,PETEC
You can always meet where you first did. That place will never close!
@~@~@~@~@~@~@~@~@~@~:}
Hopefully CQN never closes its doors.
Time
destinylabs.csc
“All officers were on a tea-break” was the reason given for there being no police officers present at the time,therefore unable to act in accordance with the OBAF Act. ”
====
It’s true. I remember when I was 14 seeing some young black boy being giving a severe lesson in the back of a cop car in Clydebank very late one Sunday night.
While nervously responding to the screams of help from the fella, I was quickly told what would happen to me if I moved any closer by some striped uniformed protector of the people.
I left thinking, aye, I’ll join the other two rozzers round the corner on their tea break.
But sadly, they told me to f@ck off as well.
I could have done with some directions, too.
Hah hah hah hah, rozzers, eh.
Create the problem, offer the solution, dark days ahead.
FFM – I’m the only conspiracy theorist in the village)
03:42 on 16 January, 2015
While I’m ranting, where’s all the great Scots and Glasgow bands??
https://www.youtube.com/watch?v=W6xcw-OSY6g
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
You have no idea how much I was wanting to post a certain track from them, Spooky.
Good Night and God Bless.
petec @ 03:55,
Dark days ahead, but as Julies Caesar was using the same tactics 2100 years ago, they still know it works.
Terrible stuff, but the truth is, it’s up to all of us, the plebs, the “profrane”, to fight back. How to do that in a Christian/ Ghandi/ Mohammed way, is becoming less realistic as time goes on, as we are rapidly losing the tools that would ensure such methods work.
Seems it’s inevitable, and we need to trust that the Book of Revelations will also be right in the eventual outcome.
“”The Third World War must be fomented by taking advantage of the differences caused by the “agentur” of the “Illuminati” between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other.
Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion… We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil.
Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view.
This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time.”
Albert Pike.
Hope I don’t have to quote Crowley, Mann, Hitler or Blavatsky, or the Neo-Con manifesto to make people realise the above words are actually a methodology being used today. But, nay, of course I would. :(
petec @ 04:06,
You know how to calm me down :)
https://www.youtube.com/watch?v=9DqK2PkFgtw
That Alan Parker footage for the Wall is outstanding. Still relevant today.
Petec and FFM calm down, are the nights no drawin oot ? The Sun is shining over this quiet bag end of the World so can’t quite feel the doom and gloom. The light always shines after a storm and so it will always be as we evolve. Christianity, Judaism and Islam replaced earlier belief systems and the circle turns. Luckily I have no debt that is in Illuminati Swiss Francs. Why worry about something you can’t take into the dirt with you anyway. Life is for living bhoys. Enjoy the roller coaster. Bring on the Hamilton, Sheep and Sevco.
FFM – I’m the only conspiracy theorist in the village)
04:10 on 16 January, 2015
petec @ 03:55,
Dark days ahead, but as Julies Caesar was using the same tactics 2100 years ago, they still know it works.
Terrible stuff, but the truth is, it’s up to all of us, the plebs, the “profrane”, to fight back. How to do that in a Christian/ Ghandi/ Mohammed way, is becoming less realistic as time goes on, as we are rapidly losing the tools that would ensure such methods work.
Seems it’s inevitable, and we need to trust that the Book of Revelations will also be right in the eventual outcome.
“”The Third World War must be fomented by taking advantage of the differences caused by the “agentur” of the “Illuminati” between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other.
Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion… We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil.
Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view.
This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time.”
Albert Pike.
Hope I don’t have to quote Crowley, Mann, Hitler or Blavatsky, or the Neo-Con manifesto to make people realise the above words are actually a methodology being used today. But, nay, of course I would. :(
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
There is tremendous hope with Great people like you and so many on CQN.
The Bhoys on here fight a Good Fight, a few could be a little less judgemental, especially to those coming from another side of the argument.
That is quite a list of badness there, I will just say that I hope people are not influenced by them, ever.
Something quite peculiar.
Taurangabhoy
04:29 on 16 January, 2015
Petec and FFM calm down, are the nights no drawin oot ? The Sun is shining over this quiet bag end of the World so can’t quite feel the doom and gloom. The light always shines after a storm and so it will always be as we evolve. Christianity, Judaism and Islam replaced earlier belief systems and the circle turns. Luckily I have no debt that is in Illuminati Swiss Francs. Why worry about something you can’t take into the dirt with you anyway. Life is for living bhoys. Enjoy the roller coaster. Bring on the Hamilton, Sheep and Sevco.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
So many are hurting throughout the World though, coordinated as well.
I Hope Every Celt, really appreciates what they have, and even says a little Prayer for someone.
defo offski.
NN & HH