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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Taurangabhoy,
Fair does, but our point is not that we are suffering, amigo.
Your post sums up the problem.
You don’t really want to care about what is happening around you, or why.
Unless you’re talking strictly about the football, in which case, again, I’m afraid Celtic FC and the supporters are in for a rough right in February, thanks to the forces of hunnery. Another issue no one is keen to discuss in detail. Plenty of money to be made though, and plenty of points to score for Focus, plenty of drama or worse for the MSM to sell…
We should have told them where to stick their cup,not used it as a chance to make another million.
Our club is going to suffer badly here, the score will be irrelevant.
https://www.youtube.com/watch?v=ldsJ0laYn6s
Petec just over a year ago saw the Church with Simple Minds and Devo, gettin old but great concert took me back a bit. Under the Milky way , chocolate lovers or is it out there.
https://www.youtube.com/watch?v=I1wg1DNHbNU
FFM everyday is once in a lifetime : )
FFM you and Petec are deep thinkers. I like that.You explore. My philosophy is too only worry about things that are within my control, and I chose not to expand my sphere of control, because life it already too short mate. I am not blind to what is happening nor do I think I even know what really is happening. I probably think much the same as you bhoys when it is all done and dusted. Just like to make sure my glass is have full. Hail Hail.
Taurangabhoy (@ 05:08),
That’s a really good post amigo.
I think it sums up the struggle with reality we all deal with, and how we all eventually realise the limit to what we can do, but once we know it, we do it, and strive to do better.
For the record, I don’t believe I’m any more deeper a thinker than anyone else, but I do get annoyed a lot at the status quo, and have found a way to express it here, whereas most others probably wouldn’t do that, and have or are looking for their own ways to express upset, rather than here, as Celtic is a conduit to good.
Good to hear your views, Taurangabhoy.
I like the cut of yer gib, whatever that means :))
Taurangabhoy,
And welcome to the Moonhowlers Club :))
It’s been a long time, but we’ve been expecting you.
https://www.youtube.com/watch?v=E3hHbpCdRt8
Had a moonhowling lurker membership all my life mate. Jennifer Agnew almost as good as Angelina Jolie but don’t tell Estadio.
Taurangabhoy.
:)) Good to hear. It’s always been an open membership as far as I know.
I just love it. :)
Angelina Jolie is no comparision to Jenny Aggutter (sp?). But then someone llike Nicole Kidman steps into the mix….
Not easy this.
Only big Georgios knows what burds qualify. I trust him :)
https://www.youtube.com/watch?v=SreBLJcxVcM
TAURANGABHOY
Harumph,yer Panglossian approach is proof only that you recently avoided the natural disaster that is Estadio. Sydney,for example,has yet to recover.
Coincidentally,someone posted a link yesterday to a Charlie Booker-?-clip which surmised that we are deliberately being fed disinformation in order to confuse us and muddy our thought processes.
Not that I can find it,of course!
I think he may be right,you know.
Back in the real world,I hope you and yours are smashing. Welcome back to the A-shift!
BMCUWP could do with a quick visit from Estadio my radished are parched. Sydneys liver and the countryside will eventually recover. We are all magic thanks , with no 1 and 2 wee Taurangaghirls leaving the nest in the next few weeks. Only two left to confuse me and boss me around. Hail Howl
TAURANGABHOY
You’ll think you’ve gone deaf! Then you’ll miss them.
Then you’ll probably change the locks!!
I have no comment re ‘my radishes are parched’ which is,I expect,a rude Antipodean euphemism. ..
There’s a brief sample of footage in this video, of the Hibs vs the Huns during Operation Hun Rescue.
Every game cheated from a club affects them in the long term. In that particular game, which was at the start of the season, the huns were in particular fine form by their standards, as the game was a violent massacre from the point of kick-off.
In a season where we were forced to play them 7 feckin times, and every other club was complaining about the refereeing (aye, believe it or not), all we had to offer was the comments of John Reid at the AGM, shown at the end of this video.
It was all pretty obvious, fairly diabolical, and beyond ridicule, and clearly in need of determined action from the SPL clubs.
So where are we now?
https://www.youtube.com/watch?v=AYnTFbWLw6Y
BobbyMCUWP noreally my radishes , courgettes, tomatoes and aubergenes are really parched. Need some estadio weather divining. My chillies are ok as they don’t care. I have had a few Friday night sherberts already so I am not parched but off oot for a walk on the beach. Might as well. Cheaters never win as third rangers will eventually find out. Enjoy the rest of your shift Bobby Mrs Tauranga is shouting so I really got to go oot. Howl Hail.
FFM
Good stuff,mate.
Another saved in a separate browser for when I’m in the pub in a coupla hours…
Don’t follow leaders
Watch your parking meters.
And the “Shame Game”, creation of the OBA, also helped the SFA deflect attention from the demands that they be completely overhauled after the Henry McLeish review that year.
Meantime, Neil Lennon soaked up the media-inflamed abuse.
What actions were the Celtic Board taking to protect the Celtic support and the club’s reputation, while newspapers such as the Scotsman published stories (knowing they would be collected by the world wide press as fillers) about Donald Findlay claiming he received a blade in the post the day after news had been released that prominent Celtic supporters had been targeted with mail bombs.
When lies were published by Daryl Broadhoof that a certain referee had received death threats, only to have the referee deny it, and then Willie Collum come forward after the denial to claim it was him?
https://www.youtube.com/watch?v=3PLn6uFbfEw
Sorry,
‘Shame Game”, creation of the OBA = creator of the OBA
TAURANGABHOY
If you’ve had a few sherbets,are outside,and the ground is dry,let nature take its course. Do your bit for the water table.
HH
FFM
Collum did NOT receive death threats. If a goose said ‘boo’ to him,he would die of fright.
However,a colleague DID shite in his piecebox..
BMCUW,
I reckon you might be right, Sherlock :)))
What upsets me most now, looking back on this periiod, is that Steven Craven was left to rot for speaking the truth.
There was several mentions here of putting something together to help the fella, but never came to fruition.
Looking back, we should have paid for a safe house for him.
Instead, the situation is this: speak out the truth, and not only is your career over, but you’re worse. With no support from those that should be backing up and fighting for the truth.
Steven Craven’s situation is something that will shame us for a long time, unless it’s successfully buried along with the fact that Rangers have been liquidated.
Celtic aside, what a brave man. Personally, I’d be putting him straight into FIFA to sort them out at the top end of corruption.
That man sacrificied so much, when he didn’t need to.
Where was the support from those that knew he was right?
The only force capable of exposing all this shite, and that has a chance for pushing for change, is the Celtic Support.
Which is why we should be protecting our support.
The Sunday Herald move is excellent, and will hopefully be a springboard for more platforms of truth.
https://www.youtube.com/watch?v=44Ta8ekk9k8
And while Lenny was trying to do his job amidst all that pish,
https://www.youtube.com/watch?v=E5-wkcTyFNs
.., of all the videos posted above, this is the only one that the SPL were successful in banning from youtube using the copyright claim.
Thankfully, still available here, as a reminder of what to expect:
http://vimeo.com/21781980
Operation Hun Rescue Part II, already showing near you.
Part III in production….
FFM
Re that last clip
A timely reminder of what we are up against
We were having a discussion a few days ago re this …some on here were suggesting that we were soft and that in the old days they had to put up with much worse
I didn’t and don’t understand this approach
With the Huns demise we should have imposed ourselves on the SFA and SPL …
Ignore all the above, sit back, relax, and settle for what the future is going to be.
Why not light a cigar and smile at the increased ticket sales going to the SFA for a game that brings nothing but badness to our doorstep, in all its possible guises.
Have a wee wager.
Then have a good moan after it all comes to pass, enjoy a brief increase in ticket sales at CP due to the unity created in defiance of the mass hysteria laid at our doorstep, followed by excited TV producers presenting blank cheques for more of the same.
The above is the current Celtic financial model.
https://www.youtube.com/watch?v=fb2HBDxqwIg
Good morning friends and a Big Happy Friday from an unexpecteddly dry and calm, though very cold East Kilbride. A Meat Loaf morning ;-)
don’tbesadCSC
Morning folks, Friday marvelous, back to work tomorrow…
Ayrshire is Green and White
Workplace update – heavy snow now tumbling down.
Zbyszek
Many thanks for your response to my question .Much appreciated.Curiosity had me Googling – only thing I’ve found is a pre World Cup “Serie A players ” article which had Miralem Pjanic ( Roma- central midfield ) expressing surprise that Stilic wasn’t in the Bosnia squad.There are a few fitba mad Bosnians here- I shall ask them- if they know anything , I will let you know.
Have a good day
Jobo
Thanks for the update. Was going to ask which part of EK you were talking about. Mine is covered in snow!!
HH
Good morning CQNers,
I find it a little ironic the Tories don’t like being shackled by European laws yet they are fighting tooth and nail to get the TTIP bill through that’ll ensure this country will be well and truly shackled by the good ole USA corporate lawyers.
http://www.theguardian.com/business/2015/jan/15/corporate-wolves-warning-ttip–trade-deal.
Anyway, my weekend starts every Thursday at 15.30 and today I full intend to chill and maybe do this……
https://www.youtube.com/watch?v=k5FG3Ty3jD4
Hail Hail timdom and good morning from a crisp Dunblane morning. No snow yet. But I could see it happening.
HH
Jamesgang
SoT, thank for your information. If Bosnia and Hercegovina have Pjanic it’s no wonder Stilic in the national team is not must be.
Started reading back there ……. Peter / ffm ……. way over my head …. Hahahaha
Nye Bevans’ rebel soldier
20:55 on 15 January, 2015
ONE POST VISIT
How many goals has our top striker scored so
far this season?
Never mind,we can laugh at the hun.
Goodnight Timland
signaproperstrikerffsCSC.
_____________________
The blog is now one long green robe dripping in clique-slime,
threaded with strands of…
Happy-clapping-retarded-seals
We’re the victims-why do they do this to us?
Smug conceited-class wars snobs who’d sh#t their troosers if the died(lol) huns had to charge at them when seeking their revenge as the victims, all brought about by a lie which has been allowed to grow arms and legs coz it wasnt killed – stone-dead – by the only folk with the power to do it – the Celtic ‘bored’ – who shoud have demanded that the huns would not be allowed back into – ANY – level of football as a duty to their paying cutomers the Celtic supporters who, were denied £60 million pound of a CL cash bonanza coz, the huns got it on the back of ‘honest-mistakes’ to keep them alive with a, kow-towing Celtic ‘bored’ sitting in their directors box looking the other way!!!!
Ye couldny make it up.
And yet, a concerning amount of Celtic supporters canny see through this kow-towing ‘bored’ and will, wave all sorts of balance-sheets to justify their, brainwashed-compliant-sheep angles.
The trail leads back to the Celtic ‘boreds’ kow-towing to the aftermath of the ‘shame-game’ were, ultimately Neil Lennon was left to be the fall guy.
When Celtic’s ‘bored’ meekly fell into line to take their seat at the back of the bus, it was at that point that – the message was sent out to the establishment that, Celtic FC were no more than punchbags for the establishment and that there was no chance of a back-lash from the fans as – rebellion was no longer part of their creed.
In stead of getting all drenched in victimhood about the establishments treating of Celtic like the interlopers – the fans should have sent the ‘bored’ a message…
…”Your ‘meek’ bending over is your last act as custodians of what was a, once proud club who fought the corner of the underdog – go now before things get to the point were,
‘WE’ – The Celtic support have to remove you.”
But, alas…the only sheep with the balls to send Celtic a message were the, Aberdeen(sheep) supporters with their LNS-banner about Celtic’s silence being deafening.
How apt.
Nye – Take care, sorry for the rant – Hail Hail
BlantyreTim
__________
What’s going on?
Hail Hail