Not all contracts are fulfilled. Usually, the failure is caused by an underperformance, less often, by one party wilfully reneging on their obligations.
Newco’s fans, and other fans, have bought tickets for games at the Ange Coming Home Tour that will not happen, leaving the promoters with an obligation to refund money. Money paid for promotional events has been wasted, as has costs sunk into the setup. Perhaps only the lawyers’ fees were not wasted.
Contracts have been concluded with Celtic, at a sum more than twice as high as Newco’s, agreements are in place with other clubs too. The promoters need to fulfil those contracts – in Celtic’s case, the deal is not dependent on Newco attending. Celtic contracted to play the tournament without mention of any other club. The promoters have a £6m liability to Celtic and doubtlessly a few million to other clubs, venues and elsewhere.
If you detect some frustration from the promoters in response to Newco’s unilateral withdrawal from the Ange tour, it is not difficult to imagine why. They will now attempt to line-up an alternative attendee that allows them to sell the tickets and the TV rights necessary to keep the project afloat.
Now that other clubs know Celtic bid the price up to £6m, the promoters are unlikely to find a suitable draw who are as disparate as Newco and to accept the first offer of £2.5m. Any substitute club capable of selling the required volume of tickets will demand parity with Celtic. That’s a bitter £3.5m pill to swallow.
I expect they are looking at a £10m liability if the project fails to go ahead. The costs of starting again with another club are likely to be £5m more than the promoters initially budgeted. These tours always carry a commercial risk for the promoters, but no one ever makes this kind of money. The project is underwater.
Today the promoters will be running various scenarios. I expect they will try to get a big English club to step in. Either way, they will tally up the costs and get the lawyers on the phone. The £2.5m fee Newco will not now collect, is only the first phase of their exposure.
Newco made a mistake in signing the initial contract. Without wanting to be petty here, they are a newer corporate structure than Celtic, with less experience and expertise. They cannot be expected to be as accomplished as more experienced clubs.
Neither sets of fans wanted the game, but in bowing the pressure, Newco exposed themselves to far greater risks. Sometimes you need to take an unpopular stance for the good of the club, even if you were the one who made the initial mistake. Fans never say, “Indulge our demands and expose the club to a £10m liability that could do longterm harm to our strategic aims”, but scenarios like this are played out by angry mobs everywhere.
Despite the unpopularity of the game, Celtic had an easy decision to make. We still do not know if we will get Champions League money next season, but the Ange Tour money will cover the fee being asked for, for one of our top signing priorities. As I mentioned, sometimes you need to take an unpopular stance for the good of the club. Insert our own “Indulge our demands… strategic aims” quote here.
Newco apparently briefed that one of their objections to the tour was that the phrase “Old Firm” would not be used. I know this subject has been covered at several AGMs, on here and other places many times – but some people live to wind up Celtic fans. Through copywrite, Celtic and Newco have a legal veto over the commercialisation of the phase “Old Firm”.
If you have any connection to football, you know this is because Celtic moved to kill the phrase in any commercial sense. If, when this tour was announced, you used this copywrite to claim the exact opposite, that Celtic cherish that phrase and status, you need to take a good look at yourself in the mirror. What are you trying to do to Celtic fans, what are you trying to do to the club?
For the watching CSC.
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What it does do though is give their fans a massive lift for the game on Sunday, decibels will rise another 5%. Important we concentrate on the things we can control, the crowd IS one of them. Go get them Tic and silence them and let the sound of the “The Magnificent 7oo” blast out over the airwaves, por cierto.
NOTTHEBUS
I would think that a Japanese team taking part in the Sydney Cup would be anathema to many older Australians!
Hail! Hail!
Terrymac
Terrymac on 1st April 2022 1:24 pm
Its 2022!!
So, seems like at least one half of the old firm are in touch with their support.
“Celtic moved to kill the phrase in any commercial sense”
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Be far better if they simply killed the old firm strategy and developed a bit of vision and ambition beyond that decrepit old guff. If you were being cynical you might even think that stopping using the phrase is nothing more than making it look like they have distanced themselves from it.
Why would Celtic litigate for losses? What losses?
If the event is cancelled, Celtic might miss out on a £6m fee for taking part.
I ask again. Where are the losses?
I would imagine the EPL is the biggest football draw in Oz so any one of the usual clubs would ensure big crowds. Man Utd, Arsenal, Liverpool, City, Chelsea or Spurs.
All probably a much bigger draw than newco and most of them happy to play us in Friendlies.
If you have any connection to football, you know this is because Celtic moved to kill the phrase in any commercial sense. If, when this tour was announced, you used this copywrite to claim the exact opposite, that Celtic cherish that phrase and status, you need to take a good look at yourself in the mirror. What are you trying to do to Celtic fans, what are you trying to do to the club?
——
Yes Paul, there ‘quite a few’ who should be ‘mirror-gazing’. Wonder what kind of business plan those who constantly jibe at the CEO and board (“the suits) could come up with. There would probably be so many court cases on the go since 2012, e.g. Res 12, 5 Way agreement, umpteen against the SFA/SPFL/UEFA, every refereeing decision that went against us, or indeed, in favour of Ibrox….and of course any mention in the media of the “OF”, that there would hardly be the time to run a ‘whelk stall’, let alone multi-million football club/business.
No one knows what the actual terms of the Aussie contract are, however, as in music/showbiz deals, the promoters would have ensured that it was binding before launching a marketing campaign and selling tickets. If the Ibrox pull-out is not covered under the terms of the contract it signed, then it will be held liable for any loss suffered by the promoters. The promoters will be expected to attempt to mitigate any loss by making alternative arrangements….only then, when the sums are done and if there is a shortfall, would they legally come looking for *Rangers to make good their loss.
BOB on 1ST APRIL 2022 12:16 PM
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I’ll agree with you BOB, all contracts have cancellation clauses for both sides, sometimes there are financial penalties but as long as notice is given by certain dates then any penalties would likely be small.
Obviously not the same situation as the huns but if any of the teams are unable to travel which is a possibility due to COVID then there will be a cancellation clause covering that.
Good day so far bhoys all welcome come on down to the shipbank.
D :)
‘If you have any connection to football, you know this is because Celtic moved to kill the phrase in any commercial sense.’
###
It was to stop anyone else using it until it becomes commercially expedient to start using it again.
So, not to kill it, but to put it into suspended animation in order to preserve it.
Hail Hail
Stay Safe
THE_HUDDLE on 1ST APRIL 2022 1:56 PM
Conventionally 12 noon is the cut off point for April Fool japes.
Your comment suggests you are unaware of this.
The idea that the huns can walk away from this without financial consequences is absolute nonsense.
Wee kyogo available
More of this
https://twitter.com/aboutceltic/status/1509869653513981960?t=PDYZOqGkuYW4Q265r1QeHg&s=19
HH
TERRYMAC on 1ST APRIL 2022 1:24 PM
NOTTHEBUS
I would think that a Japanese team taking part in the Sydney Cup would be anathema to many older Australians!
Hail! Hail!
Terrymac
Doubt it. In the 80s there were Japanese roads signs for the tourists around the Gold Coast. Their money is fine I’d say
DENIABHOY on 1ST APRIL 2022 1:40 PM
1. Any one of them would be wanting a fortune to take part, and that’s assuming they’re not already committed elsewhere.
2. Do any of them want to be seen as playing the role of stand ins for the huns?
THEBHOYFROMU.N.C.L.E on 1ST APRIL 2022 12:22 PM
Season Ticket 6% rise……….not too x 3 bad.
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apparently the cheaper seats have gone up 14% . I suspect that is student rates and all adult tickets have gone up £40 , hence the % variation. Most people have a 6% rise I think
Ibrox on Sunday is what occupies my mind. I feel we should go with the team from the start
Hart
Juraovic
CCV
Starfelt
Taylor
Hatate
McGregor
OReilly
Jota
Giakoumakis
Maeda
Rogic and Kyogo on the bench
Hopefully, by 70 mins we will be well ahead and will put on Ralston, Bitton or McCarthy instead
GV Bronckhorst says fat Charlie out of Sundays game
If Kyogo is 100% it’s a massive call not to start him.
CONEYBHOY on 1ST APRIL 2022 2:11 PM
I’m in the auld codgers category…….only £273,can’t complain.
HH
What do i know ☺
Great news about Kyogo 🍀
SETTING FREE THE BEARS FOR RES. 12 & OSCAR KNOX on 1ST APRIL 2022 12:20 PM
Did you play for the predecessor club- Gregg VC- from St, Gregory’s or just for Jinty’s? Were you in the cup final event where KL’s knee separated?
Just Jinty’s and yes I was on court that day, truly horrible injury!
ERNIE LYNCH on 1ST APRIL 2022 2:03 PM
The idea that the huns can walk away from this without financial consequences is absolute nonsense.
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Which is mentioned in my comment,???
None of us have seen the contract, so it’s all speculation at this point.
There might be a £10million penalty for walking away, there might be an all costs penalty or just a %
Is 12 o’clock UK time the cut off, or is it by timezones??
Just read about Susan Aitken apologising for Glasgow’s slave trade links and the need to change street names and remove statues etc.
I hope the first statue removed as a result of this is the one of the guy on the horse in Cathedral Square.
GARYGILLESPIESHAMSTRING on 1ST APRIL 2022 2:42 PM
Just read about Susan Aitken apologising for Glasgow’s slave trade links and the need to change street names and remove statues etc.
I hope the first statue removed as a result of this is the one of the guy on the horse in Cathedral Square.
=======
GGH
I do believe the plinth this morning took on a green white and gold base 🤣🤣
https://twitter.com/Glasgow_Times/status/1509875091454242818?t=qQn88ym32ed99aGU7G0K0A&s=19
I agree with your post.
HH
Would have thought the rainbow be more appropriate
🌈 🌈
HH
Aye.🤣
Morelos out for weeks, confirmed.
DENIABHOY on 1ST APRIL 2022 2:57 PM
Morelos out for weeks, confirmed.
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They are pretty light on strikers. Roofe will obviously come in which my gut says ‘who cares, he’s mince’ but his stats at Sevco are 1 every 2 games (42 app/21 goals)
Watching Morelos’ face when he comes off the part a loser is one of my delights in life.
Only player missing from the squad this weekend is Forrest who is still carrying a ‘niggle’.
HRVATSKI JIM on 1ST APRIL 2022 3:13 PM
Watching Morelos’ face when he comes off the part a loser is one of my delights in life.
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My mother used to always say when I was young that Celtic players always looked when scoring and Rangers players looked angry.
Despite the turnover in players/managers/board members etc at both clubs , this culture pervades in general IMHO.
In my work, I’ve looked at company culture a couple of times and it can does survive. My theory in my business is that there is always enough legacy staff at any one time to ‘imfect’ the new staff and keep the culture going
PS back then, it was McGarvey vs McDonald celebrations I think. Today it is Kyogo vs Morelos
‘Celtic = happy’ I missed the word happy
AT@2.54
😂😂
CONEYBHOY on 1ST APRIL 2022 3:24 PM
Culture is everything in a business.
No identification details will be disclosed but a regular visitor to our house, who has appalling taste in football teams, once said “Who would go to Parkhead? It’s a dump”
I replied “Some saw Parkhead as a dump and would not go there. Others saw people who needed help. That is the difference between the clubs”
Postecoglou on Rangers dropping out of the Sydney Super Cup: “Whatever ticket sales we lose out on I’m sure my friends and family will pick up, mate, so we’ll be alright.”
Revised team and 9 subs is:
Team – Hart, JJ, CCV, Starfelt, Taylor, O’Riley, McGregor, Hatate, Maeda, GG, Jota
Subs – Bain, Kyogo, Turnbull, Ralston, Julien, Bitton, Ideguchi, Abada, Rogic
0-2 Good Ghuys
HH
HRVATSKI JIM on 1ST APRIL 2022 3:30 PM
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👍