Quantcast

Stomach knots, dig deep Dave

565

Do you remember the knot in your stomach when we were five points behind in the league race, when every game was a ‘must win’ event? Five points is a substantial gap, eight is huge. I seriously doubt Derek McInnes reckons Aberdeen have a remote chance of winning the league, but should the gap increase to eight points tomorrow, he could be excused if he gets carried away for a moment.

Celtic will win the league but only because they will improve and win important games, like tomorrow’s against Hearts. The knot’s back in my stomach; we need the win. Although Hearts are not the league challengers this season, the scenario mirrors their visit to Celtic Park a decade ago, when they were the last non-Glasgow club to open the league season with a flurry of wins.

Resist, resist, we must resist

300 years and the tune never changes. Newco chairman, Dave King, proclaimed, “This application will be strongly resisted”, as he confirmed Charles Green has been to court to enforce the contract which, apparently, obliges Newco to pay his legal fees for actions in connection with the club, a liability which was recorded in Newco’s 2012 IPO prospectus.

King seemed to confirm Green had a good case by telling journalists Green’s legal difficulties concern his time “his time as an officer of the Club”, closing speculation on one possible angle of defence.

There’s nothing unusual in this clause in Green’s contract. Company directors can be held criminally liable for acts of corporate wrong-doing. They can be fined or jailed for actions carried out by their staff, even without a direct instruction. If you are a company director, it is your responsibility to ensure Health and Safety regulations are enforced and appropriate, and that actions by the company are not criminal.

In the event a criminal charge is levelled against a director (or former director) of a company for acts carried out by, or on behalf of, the company, directors will seek the assistance of the company in preparing and funding their defence.

This is how business is conducted and the responsibility of the non-executive directors to ensure that the actions of directors are consistent with the interests of shareholders and other stakeholders (in this instance fans).

If Green holds a contract, Kings will know his protests are empty bluster. I see estimates of legal fees in the region of £500k. There will be no change from £500k on this one, not even close. That figure might cover the photocopying costs. Dig deep, Dave.

Click Here for Comments >
Share.

About Author

565 Comments
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 15

  1. The Huns are going bust

     

    The Huns are going bust

     

     

     

    you really must believe us

     

    you really must believe us

     

     

    The Huns are going bust.

     

     

    HH

  2. Would it not be a matter for the insurers rather than the company to decide whether cover was available?

     

     

    Assuming it was an insured risk.

     

     

    And if there was an insurance policy in place why would the risk have to be disclosed in a prospectus?

     

     

    No doubt the media will be ferreting around trying to get answers to to such questions.

  3. Hail Hail kevjungle ynwa

     

     

    Hail Hail Olivia! Apple of her still handsome daddy’s eye!

     

     

    HH jamesgang

  4. Everybody be cool.

     

     

    We’ll win the league by ten points.

     

     

    We’re Celtic, ffs. And it’s just September.

  5. GlassTwoThirdsFull on

    “I seriously doubt Derek McInnes reckons Aberdeen have a remote chance of winning the league”

     

    ————-

     

    Not sure I’d agree with that, Paul. Remember MON’s “benchmark” quotes in his first season? Behind the scenes he would have been telling the players they had every chance of doing it.

     

    By the way – Dave has VERY deep pockets. Don’t you read the MSM? :-)

  6. When you see clauses like the one Green has,he was screwing them from Day 1,he knew this day would come,and has covered himself in advance.

  7. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    KEVJ

     

     

    Apologies,bud. Been blogless for a bit. Discussing and cogitating about a certain overnight post.

     

     

    And using Guinness as an aide-memoirs,or at least a source of inspiration.

     

     

    Speaking of inspiration,yours is one. It should be a tale of woe,but it isn’t.

     

     

    You’ve been badly let down,mate. By the professionals in whom you rightly placed your trust.

     

     

    The people you can always trust are the ones who love you.

     

     

    Hail hail. I genuinely hope you show up on 10/10 so I can buy you a pint-what,you don’t drink? Fine,I’ll drink it masel!-and just have a fine wee time introducing you to some right guid Tims.

     

     

    Look after yourself,mate. Your priority is you and yours. Not 10/10. My addy is on the forwarded mails. Just click on it.

  8. Paul67

     

     

    A non article if ever I read one!

     

     

    Everyone knows that £500K is a drop in the ocean to Mr king.

     

     

    aaahahahahah1

  9. CQN has the habit of making you feel very humble, Hamilton Tims post last night was one of those such occasions, a really sad indictment on today’s society. The unfortunate thing is that this government is not finished attacking the poorest in our society, there is no improvement in sight, just how bad will actually get?

     

     

    Philboy I was on holiday for a few weeks so didn’t pick up on how Olivia was progressing, I am delighted to hear that she is now well on the road to a full recovery.

  10. I think McInnes does think he can win the league. He underestimates us in the same way that Hugh Keevins thinks Rangers full backs are better than ours or that some other commentator thinks Rangers only need 5 players to compete with Celtic.

     

    McInnes is influenced by his mates. Aberdeen are falsely inflated by a good league start. It is impossible for them to go through a whole season with the calibre of their squad and win all but 5 games. That is what it will take to beat Celtic.

     

    McInnes also forgets we could bid over 2m for any of his squad and create havoc in January.

  11. I hope McInnes does think he is in with a shout to win the league, because it wil hurt the smarmy b…… All the more when we hump them, and there vulgar followers.

     

    Lurking Huns GIRFUYs

  12. Not sure I’d agree that McInnes thinks there is no chance of Aberdeen winning the league.

     

    It could come down to us winning the 3 remaining games against them. Due to the MIB’s it is perfectly possible with red cards and penalties against us we could lose all 3 . Then it really would be tight.

     

    If I were a law firm and I knew that my costs would be at least £500k I would want some type of guarantee that I would be paid especially if those costs come out of Sevco’s bank account and not CG’s. Of course if it was CG’s there would be no problem as he’s fleeced Sevco for millions over the years.

     

    Wonder if there will be another ring fencing of funds again, if so XMAS could be really fun this year.

  13. dr ramesh and the love potion on

    Dave King’s pockets are so deep he can’t find the keys to the war chest as he rummages around for some loose change.

     

    Let’s have more of Glib’s fibs! They are a laugh!

  14. Interesting to see a possible Celtic article in the Herald

     

     

    They described Biton as being better than Wanyama. Thoughts?

  15. The Battered Bunnet on

    Ernie,

     

     

    The primary obligation is owed by the Employer (RIFC) to the Employee (Green) under the terms of the Employee’s Service Agreement. The Employer may thereafter insure against the liability crystallising.

     

     

    The Coulson case in England will be helpful to RIFC in the event that the Insurer rejects their claim, but the primary obligation – of RIFC to provide for the legal costs – remains incumbent upon RIFC irrespective of whether the Insurer (if there is one) pays out.

     

     

    The very fact that King is squealing suggests that there may not be a policy at all.

  16. Kevjungle

     

     

    All the best for the future.. Keep the faith. There is a standing section coming to paradise for you buddy.

     

     

    Philbhoy

     

     

    Not sure what your daughter has been through but hope everything has turned out well for her and your family.

     

     

    Take care celts everywhere.

  17. From the johnjames blog. Posted previously

     

    No matter how much money King throws at it, RIFC will have to pay Green’s litigation costs.

     

     

    However there is another legal action that few have had the foresight to recognize. There is the distinct possibility that the IPO was predicated on misappropriated assets. If this is the case, the legal costs of defending Green from an investors’ class action suit would render RIFC insolvent.

     

    Made me smile

  18. dr ramesh and the love potion on

    timaloy29 on 25th September 2015 1:34 pm

     

    Not yet. Wanyama is better and more effective at the moment. Biton still has quite a few areas of his game to improve on.

  19. Proudbhoy

     

     

    She had a lump on her breast removed. It was benign thank God.

     

     

    She’s 15.

     

     

    And a wee Star!

     

     

    Thanks my friend and to all on here who prayed, thought nice thoughts and sent lovely messages, thank you again.

     

     

    You will all get a big hug at 10/10.

  20. Paul67

     

    I have no knots or concerns over tomorrow’s game.

     

    Should I have?

     

    Our recent games against Hearts relieve any concerns I normally have.

     

    We win the league 3 points at a time.

     

    Aberdeen have had a good start to the season…….

     

    Apart from their elimination from any knockout competition they have entered.

     

    Predictions on the actual score line will be held until I see the line up.

     

    But anyone who has scoffed at my previous prediction attempts knows that I don’t settle for anything less than a 3-0 score line.

  21. Philbhoy

     

     

    Tough times for you all, my mammy went through the same few years back. Not fair on anyone to go through that never mind someone so young.

     

     

    Glad to here your daughter is recovering well.

     

     

    Enjoy your weekend.

  22. Good morning (afternoon) everyone

     

     

    I had been expecting to be landing in Glasgow about now, and was looking forward to meeting up with many of you tomorrow at CQN corner. Unfortunately, that will have to wait until spring. But I hope (i) you all have a great time at the game tomorrow, (ii) we get a good performance and good result,, and (iii) I will see you all when we come over in the spring instead.

     

     

    Hail hail

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 15