18 October has been in the diary for a while. Today is the day teams in European competition have to submit their accounts for last season to Uefa. If you are in European competition, your accounts must be ready to publish. If they are ready and you have not published them, why?
Celtic’s accounts were published a month ago; Celtic have nothing to worry about or hide. Newco have yet to let their fans know what the figures look like. They will eventually be published, of course, when we will gain an insight into why they were unable to spend in the transfer market after qualifying for the Champions League.
I also expect to see the resolution of their dispute with Sports Direct International. At the lower end, this could be a charge in the region of £2m, but at the punitive end, it could be as high as £8m. It will also be interesting to read whether they could afford to settle this debt outright or had to commit to a long-term payment plan. Knowing what a slick operation Newco are, I expect a punitive settlement that overreaches their immediate resources and a decade long mortage-type payment.
As in politics, money eventually outs you in football. When we read club accounts we cannot get the thrill we get from a match result, but the consequences are far greater.
There is something incredibly endearing about Frank McGarvey. He is out there, facing the illness no one likes talking about, without awkwardness or hushed tones. Everyone has to find their own way to deal with illness, we are not all like Frank, but again, facing this hurdle, he has given us an example to admire.