Turning gold into mud tricky for English clubs

705

Owen Coyle has probably no idea the trouble caused in his name at Celtic.  Notions that his granny’s uncle’s cousin passed on verifiable information that either Owen rejected the Celtic job, or that he did so because he didn’t agree with the direction the club were going, were clearly nonsense at the time and are more evidently the case now.

Having just earned promotion to the English Premier League the man chose not to be interviewed for the Celtic position, a perfectly defendable decision.  He was never offered a job.  Coyle performed well at St Johnstone (without winning promotion) and did well at Burnley before managing an inevitable decline at Bolton.  He remains a good manager who I hope gets back into the game soon.

The Bolton lesson to football is stark.  On some levels the club was well run.  Good manager, good scouts, a small but faithful following, a chairman who could see the iceberg ahead, all signed up to the ambition to remain in top flight football, but their budget was forever under pressure.   Debts topped £100m, although the directors ensured public services didn’t suffer as a result of their ‘ambition’.

Three years ago Phil Gartside, the Bolton chairman, knew the model in the English game was unsustainable and tried to change things.  He failed, unfortunately, and was unable to produce a reverse alchemy – turning tens of millions of pounds from Sky TV each year into a 17th place finish in the Premier League.  I hope the change works for them.

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  1. A Ceiler Gonof Rust on

    Someone posted a question a couple of weeks back re trying to find out how the GB funded their fantastic banner displays, and saying he’d like to contribute but didnt know how to. I got this email from the GB site today:

     

     

    “On November 7, almost 125 years to the day from Celtic’s founding meeting in St Mary’s Chapel in the Calton, we take on the might of Barcelona in the Champions League on what promises to be another special night in the incredible history of our great club.

     

     

    We are keen to mark this special night with a ‘tifo’ befitting this fantastic occasion. As you will know, before most European matches we prepare a display around the curve at 111. These have become very popular, add to the electric atmosphere on European nights and, we’d like to think, help spur the team on to victory. We fund our tifos through membership fees, group fundraisers and merchandise sales and these have so far covered the costs of displays around the curve.

     

     

    For the Barcelona game, however, we want to push the boat and do something special, but we can only do it with your support. If we can raise enough money we plan on doing our biggest and best display yet. We know times are tough but if you are able to contribute anything – big or small – we would greatly appreciate donations through paypal, to greenbrigade@hotmail.co.uk.

     

     

    If you are able to donate, please send as a ‘gift’ option and mark it ‘donation’ in the notes section.

     

     

    Green Brigade”

     

     

     

    Hail Hail the Glorious Green Brigade.

  2. DublinBoy

     

     

    Wonder if his life will flash before his eyes as he falls but run out of film with 1000 ft to go?

  3. Rangers Tax-Case ‏@rangerstaxcase

     

    Malcolm Murray v Pritchett- truth lies somewhere in between. If Newco is to climb to greatness, it needs a lot of cash and/or luck.

  4. TBB

     

     

    Green has been very public with his comments that Sevco will never play in The SPL.

     

     

    Is it possible that the SPL as we know it will be metamorphisised(spl),and they will be back in a new top league next season,able to charge similar prices to Celtic?

     

    A67

  5. The Battered Bunnet on

    leftclicktic, very kind, but you have been warned :¬)

     

     

    Auldheid, the numbers almost work as a break even 5 year plan, but do not represent a quick return to the original Sevco investors. That means (to me) the original investors are looking at a 5 year exit, and will keep their hand in this time, swapping a little dilution for new working capital.

     

     

    You are quite right though to highlight the speed of response today. I’d call it ‘reflexive’. The hammer seems to have hit the sensitive spot…

  6. leftclicktic-Thanks for that mate,usually read Phil’s blog but missed that.Given how biased the Press are in this country,you think they might have the balls to print that.

  7. Valentine's Day on

    The Battered Bunnet

     

    18:57 on

     

    9 October, 2012

     

    Who should I believe you and Jon Pritchard

     

    or Malcolm Murray the chairman of a tax cheating organisation

     

     

    {allegedly}

     

     

     

    keep the faith

  8. The Battered Bunnet on

    Valentine’s Day

     

     

    To be fair, as far as I know, Malcolm Murray’s company is current with all taxes, as it has been for the duration of its entire history.

  9. Neil canamalar Lennon hunskelper extrordinaire on

    miki67.

     

    Oi flouncy, did the big bad sea cucumber maul you like a gumsy yorkie :oD)))))

     

    FlouncyFouncersCSC

     

    get a grip

  10. TBB

     

    Without doing any sums keeping them going for 5 years and taking as big a slice as possible from ticket sales whilst keeping up hopes of a return to the top would be a sound strategy if the prime investor was one trying to recover £25m already sunk.

     

     

    I think Ticketus do not do walking away.

  11. Neil canamalar Lennon hunskelper extrordinaire on

    Auldheid,

     

    are you saying ticketus is a secured creditor

  12. Bill Miller’s financial advisor:

     

     

    “Upon full inspection, Rangers was not a ‘turnaround’ opportunity. It was (and is) an opportunity for someone with great wealth and a love of football and/or Scotland to give away tens and tens of millions of pounds. Unless some major, systemic changes occur within the current configuration of UK and European football leagues, I don’t think the Rangers math works.”

     

     

    :)) :)) :)) :))

  13. Dawwell says Sally can work with the players for the next 10 days ,as “not a lot are away on International duty”,nearly drapped the dinner.

  14. Big Nan

     

     

    I don ‘t fully believe that the SPL chairmen listened to the fans opinions last time round.

     

    They expected the SFL to fold and do a deal.

     

    The fans would be against it,but the SPL chairmen would not be IMHO.

     

    A67

  15. Sergio Busquets has been handed a two-match ban by UEFA following his dismissal in Barcelona’s 2-0 Champions League Group G win over Benfica.

  16. A67 And the SPL/SFL chairmen would be foolish to ignore the fan’s wishes.

     

     

    Gaining Sevco fans at the expense of losing the rest?

     

     

    Won’t happen IMHO.

  17. Canalamar

     

     

    I have no idea but I just cannot see them walking away from the money I would say CW conned them into giving him to buy off the bank.

     

     

    What changed everything was finding out Rangers had been “rescued” with the supports own money. They were angry at that and I not so sure they would have sold 36k sbs if the support thought Ticketus were getting a slice

     

     

    Hence it all having to be hundercover

     

     

    I have no evidence to back up my suspicions only observation of the business behaviour of everyone involved in the ongoing saga

  18. !!Bada Bing!!

     

     

     

    19:33 on 9 October, 2012

     

     

     

    Dawwell says Sally can work with the players for the next 10 days ,as “not a lot are away on International duty”,nearly drapped the dinner

     

     

     

    love it , hilarious

  19. Andrew67

     

     

    19:34 on 9 October, 2012

     

     

    ”Big Nan

     

     

    I don ‘t fully believe that the SPL chairmen listened to the fans opinions last time round.

     

    They expected the SFL to fold and do a deal.”

     

     

     

    But why would the SFL fold?

     

     

    It was in their interests to have the huns in Div 3 as each club would make money as they climbed through the leagues.

     

     

    Expecting the SFL to parachute the huns into Div1 was expecting SFL clubs to vote against their own interests.

  20. Sandman

     

    If you read the statement from Bill Millar’s finance guy about systematic structural change and add the statement from Charles Green about the Huns never will play in the SPL, one may be forgiven for thinking that there is still some skulduggery goin’ on.

     

    ParanoidmeCSC

     

    Teuchter ár lá

  21. •-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on

    Many thanks to all who tweeted about the Jock Stein special on R5

  22. Neil canamalar Lennon hunskelper extrordinaire on

    Auldheid,

     

    It looks like the only way to keep the wool over the hun eyes is for a private share issue, which I think is what RTC confirmed today.

     

    Whyte and Ticketus invlovement can still be kept secret.

     

    Hopefully OG’s tip for the week is along theses lines :oD)))

  23. 67Heaven ... I am Neil Lennon..!!.. Ibrox belongs to the creditors on

    Has anyone else noticed that dazeil on SSB has a problem saying “Celtic”……it’s always “they” ….he he ….silly little billy…

     

     

    Anyway, I’m still on a high from the weekend……….haven’t read back yet but there seems to be a report somewhere, stating that zombies2 are in financial poo already……? …and I was giving them to Xmas, too…… Will read back now to see if I can find anything on it …… One person shouldn’t be allowed to be this happy ……. LOL

  24. Stupid, gullible zombies. Next time they die the head will be seperated from the body so they cant crawl out the grave again.

     

     

    I wonder why Fat Sally needs to fly all the way down to London on Thursday…

  25. If Ticketus have a security it would go some way to explaining why assets values in the balance sheet at £120m were sold for £1.5m.

  26. A Ceiler Gonof Rust on

    dena29, ur yoo hittin oan me? :-)

     

     

    Get your cash into the GB and lets hope they do us proud on November 7th.

     

     

     

    Hail Hail Sister

     

     

     

    ACGR

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