Til death do us part, Act 2

Yesterday Tim Horton mentioned his tale of hearing the Ibrox mob will be gone by Christmas.
That’s the third separate time this rumour has came across my desk in a short space.
Like Tim, the delivery men aren’t prone to bullshit and are to be listened to.
I’m gonna have to take it seriously.
 
Looking at the facts from afar, we have a loss making business. An insane amount has been spent in order to keep said business afloat.
Normally I would shrug, but times aren’t normal.
The rich businessmen are a lot less richer due to inflation, the general economy, maybe Brexit.
Times are tight, holding what you have is prudent.
 
There’s debt owed.
Dave King couldn’t get enough fans to buy overpriced shares, and wants out at an above market price because presumably he believes that club could be financially and sportingly successful.
 
There’s not much saleable assets, in the team or the infrastructure.
 
Spend is needed, nae expected. Yet as mentioned this business can’t make a profit. As spend is tied to income due to FSR regulations, a real kick in the nuts over there, money will be tight to say the least.
 
Sporting success is very unlikely given,,,
They are up against very strong rivals who have lost only twice so far and will surely strengthen.
The financial gap to their rivals is huge, they don’t have major problems.
Aberdeen are resurgent under Barry Robson, good bhoy.
That gap will become a gulf after the court cases.
 
The 2 cases I’m aware of ( Elite Sports and the Aussie court case regarding their pulling out of the Melbourne Cup) will take 22 million or thereabouts to settle.
Once again, this business already operates at a loss.
 
To summarize,,,there’s no money and directors ran for the hills, there’s big bills in the pipeline, there’s a major shareholder wanting paid, title rivals are very strong and growing, 2nd slot rivals are growing stronger and looking dangerous, and the support demand spending and success. Or revolt and acrimony hurting the bottom line.
 
Faced with a brick in the wall everywhere they look, administration must be considered a true possibility.
Especially given the rules were changed so the club ‘only’ gets a 15 point punishment.
 
If this rumour has legs, it explains all the boardroom running away one at a time, nobody wants to be the Captain with their hands on the tiller when the crash occurs, hence bailing with reputations somewhat intact over there.
It also means Beale getting thrown under the bus.
He who claimed they would lift this next title would be handicapped and Aberdeen would rub their hands,,their players truly have something to play for, (the Champions League qualifier) and Barry could become a legend up north by taking 2nd place and it’s accompanying positives.
Bealinho will walk.
 
Their fan base will surely ask what’s going on after a 2nd administration in a decade or so.
Scottish football would come under the spotlight again, terrible timing given the Tracey Crouch report demanding better governance, the SFSA review into the national sport won’t be pleasant reading, and UEFA placing RIFC on the watchlist.
Oh to be a fly on the wall during their conversations in this event.
Any 2nd administration event would bring about an extra level of scrutiny that club cannot afford.
UEFA do not want financial basketcases in their competitions, and no European license is the next rung on the ladder over in Govan.
Is that why they’ve scarpered? They know it’s in the pipeline?
 
When it comes to infighting Ulster’s Loyalist organizations just about have the edge on Ibrox, but not by much.
The ‘fan on the board’ is something we all believe would be a positive,,the chap/group had rings run around them via the buying price and now their clubs staring at being points punished,,to be generous a period of humble pie aka austerity, worst case scenario they fold again.
All going down with ‘one of their own’ at the big table, there’s lessons to be learned there.
If the opportunity arises we would need someone serious ala Leon the Professional,,I’m thinking JimTheTim53 or Mike in Toronto. Men of respect, heavyweights, capisce?
 
Anyhows King wants big bucks, and if any fresh administration turns out to be a boardroom attempt to get him out on the cheap well there’s another few years of court cases and potential mega claim.
 
And then there’s Celtic, the team, the club and the Tims.
The Tims don’t want no handicapped challengers.
The club won’t, slackens interest.
The team can only beat what’s in front of them, but if polled I doubt they want anyone starting on a points reduction. Every player surely expects a level base at the beginning, especially against your rivals.
A clean slate, here we go, maybe a neck and neck race.
Its not good at all to tilt the scales so to speak.
 
Scottish football will again suffer huge collateral damage if this comes to fruition. Sponsors impossible to find especially after the Cinch ineptitude.
Without it’s big rivalry it’s dead as it stands, but when one half is unsustaining, can’t act sensible, has never really been self-sufficient, and is being heavily policed to financially behave when their support yells ‘where’s the money?’ then what can you do?
 
Well,,, you could cultivate friends in European football organizations. You could explain moving on has become necessary while showing off your 62k stadium complete with spectacular light show and Bose sound system, while flashing a 60millon bank balance in the background.
 
Why do you think Lawell was brought back? Lawyers deal with compensation, Peter is well known and apparently respected down south, in European footballing circles,and dealt with Sky previously.
Why do you think we saved that money?
We’re joining the English Championship or the rung below.
 
I bloody wish, but it doesn’t take a genius to figure out another death or admin event over there shall have serious ramifications.
Who to f@#k wants to own or invest in a club that has never ever turned a profit, is under a severe spotlight and might get turned down for European football, with court cases galore waiting?
No one, as everyone ran when they saw the writing on the wall!
And once that European License is turned down, that’s it,,TV income, Euro competition entry income, ST tickets, and merchandise shall all fall at once.
There comes a stage where an enterprise simply isn’t viable, and that particular enterprise has always skirted close to the edge.
In today’s footballing landscape, that’s not going to cut it.
It doesn’t take a huge leap of imagination to perceive one single denied European football license would collapse that house of cards.
And thus Scottish football as we know it ends.
 
Switching leagues could nae should be sanctioned in that event.
So I’ve two questions for YOU.
Would you expect the season ticket holders to be allowed to vote on any such league switch?
And given the Old Firm would be done and dusted, how would you vote?
Two ayes from me.

I yield the floor.
Mahe.

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Margaret McGill
May 17, 2023 6:08 am

Aye Aye Cap’n

Jobo Baldie
May 17, 2023 7:14 am

Good morning, friends.
Mahe, for an Admin event to happen you need to have at least one significant creditor willing to flick the switch in an attempt to recover at least some of their dosh. Last time it was HMRC. For ages I’ve been dismissing the notion of an admin for the new club as most of their debts are in house so to speak – they owe the various directors and other shareholders rather than 3rd party suppliers. But I forgot about the ongoing court cases. If either Elite or the Sydney Cup mob were to be awarded significant amounts of say £10M or upwards then that could indeed be a game changer for them. And consequently for us.
And would there be a brighter light shone on what Admin actually is this time? Nothing wrong with any company considering the Admin route if it is their best chance of surviving, by getting their creditors to vote to accept just a percentage of what they are owed, e.g. 30p for every £1 or whatever. They can then pay their dues and come out of Admin, rebuilding on a more sustainable basis just like Hearts, Motherwell and others have done. But if their main creditors don’t like what’s on offer – a la HMRCs choice in 2011 – then they’d be another corpse in Ibrox.
Anyway, last full day in Estepona and it’s a grey day with rain forecast. Might not even see that hot yellow ball in the sky at all today. But life remains good!

JimmynotPaul
May 17, 2023 7:38 am

17th May 1976, Celtic beat Manchester United 4:0 in a joint testimonial for Jinky and Bobby Lennox.

https://t.co/ntwTnDxPHI https://t.co/gY25VPNVPl

Prestonpans bhoys
May 17, 2023 7:39 am

Jobo

Those are my thoughts too, I was also wondering if it’s possible that they could been refused a licence to play in Europe next season. Has all this selling shares crossed a border and inflicts that punishment hence the mass exodus of directors?

Hope you’re having a good holiday 👍

CFC
May 17, 2023 8:00 am

J B’s assessment is more credible.
Whichever “investor” flicks the admin switch, he’d have to have a death wish.

External factors will have to come into play.
£22 million for the court cases?
Where does that figure come from?
I understood reports of the Elite case to be c£9m and the Aussie case significantly less.
Significant amounts in any event but way less than 22 million.

In the meantime the feel good pish keeps rolling along – Tillman for £5m, speculation on others at various transfer fee levels , even talk of Aribo returning!
The player that drove them to their fabled title win apparently.

PL is from an accountant background is he not?
MN, current CEO, is the lawyer( Harper MacLeod)

Big Audio Dynamite
May 17, 2023 8:13 am

We wouldn’t want anyone starting with a points deduction?

If it means we emerge victorious …where do I sign up!?

Only half joking!

CFC
May 17, 2023 8:24 am

JnP

I was there that night.
Was that when Billy Connolly came on at half time and ran in front of the Jungle in a half/half Hoops/ Hun top?

McCaff
May 17, 2023 8:30 am

Morning all! A ‘pie in the sky’ article we’ve been hearing for about 10 years now or wishful thinking, or maybe both. There’s definitely stuff happening over there that demands further investigation and explanation but true to form the easily-led can only see a 3-0 defeat of us as proof that next season will prove successful. Deluded doesn’t quite cover them but it could also be levelled at anyone who believes they’re going down again! Bennett and Bisgrove taking control of TRFC and the subsequent resignations of key personnel is typical of any business in the deep shit! The high-earning players whose contracts have been allowed to expire look like being permitted to leave without so much as a ‘thank you, brother’ is also typical of ruthless cost-cutting. Further down the line Youth players, some only recruited last season, have been told to find another club. Witness the superfast efforts to erect the Edmiston House project after a failed attempt to extort funds from GCC for a licensed FanZone because of the Celtic Way redevelopment a few years back, desperate attempts to maximise cash generation. Their season ticket renewals carry a heftier increase than ours with slow renewal rates after a poor season with no trophies. A massive rebuild is required with apparently no funds to do so. It’s as desperate as you could imagine but it doesn’t necessarily mean administration, you could argue Bennett and Bisgrove are implementing their own version of it at the moment! Talk of Aberdeen, Hearts or Hibs becoming a strong second is fanciful. Currently 31, 36 and 37 points behind respectively even the old-style 25 point deduction could be manageable if a penalty was imposed
As much as I’d love to see it, I think steps have been taken to avoid a worse case scenario. The problem for them is that if so much as one word of what is happening is breathed in public they would be faced with an angry, angry mob. So if an event is on the cards, for real, it’ll only be when it happens that we find out about it!
All in my opinion, of course!!
#🤞🤞🤞🤞🤞 CSC

CFC
May 17, 2023 8:38 am

McCaff

The Big Hoose Must Stay Open.

JimmynotPaul
May 17, 2023 9:22 am

CFC 8.24.
Yes, he was the referee, wearing a Rangers top.
There’s a picture, of him, if you scroll down the article.

CFC
May 17, 2023 9:32 am

JnP

👍🏻Being stretchered on is a nice touch😀

Hope Jinky and Bobby got a full share of the gate receipts- more than 40,000 there!

A thing of beauty
May 17, 2023 9:41 am

Mahe,
I’m sorry to interrupt your dream but they are not going into admin or going bust. It won’t be allowed to happen. Civil unrest and all that…
We know they are a basket case of a business but if they have enough money flowing in to keep the lights on then they will get their euro licence, in fact I believe it has already been granted for the coming season.
They are tooling up with physical players who they fancy will be able to over run our more skilful but weaker players. Factor in the laws of the game in Scotland and they have every chance of running us close or even winning it. That’s all that it takes in Scotland. Witness Martin O’Neill getting physical players admittedly augmented with Larsson, Lubo and others. It produced a twenty plus point swing. We laugh at Beale but he’s not an idiot. He can set a team up and we need to be ready for what they will bring next season – not listening to pipe dreams about them going bust AGAIN. We’ve been listening to this for 6 plus years now.

Madmitch
May 17, 2023 9:47 am

Mahe

Interesting stuff — but in the round I would suggest too much wishful thinking.
Down Govan way — there is a good business in amongst all the ego and bluster.
FSR might actually be a help to them — dose of financial reality to the spending down.

Squad for next season — some good / some not so good.
Two stalwarts from the past who offered less and less over the past two years are gone.
Thinner squad is just about every direction but they seem to have a plan.

CL participation is key — £100mill T/O with it / £80mill T/O if they are lucky without it.
Very rough numbers but they will stiff their support every which way to keep themselves afloat.
So they will work the money coming in like no tomorrow.

The issue for me is the money going out.
TFOD2.1 over recent times have made a habit of making ECh journeymen pretty rich.
Bloated wage bill focused on keeping known quantities at the club.
Big overhang of big money feeding declining talent.

Season coming — more of the same.
SPL trawl for low wage squad fillers.
The lost / the lonely / the bewildered from EPL youth systems that have lost their way.
Couple of wonder kids from the youths — the names are well known already..
Wholesale Domestic scale tapping up across Europe with the help of biddable agents.
Loans / more loans / and even more loans — desperation brings innovation.

My thoughts — they will be credible next season.
Todders is already SPL POTY 23/24./ Ludge MIB will do their bit to keep it competitive.

We need to plan for our worst case — big dose of reality in Govan with their ego under control.

All the recent talk of financial disaster sounds very much like wishful thinking.
As of now they still have a chance — CL qualification is key.
And please remember — CL failure was saved by their crawl to Seville.

It aint over until its over.

Prestonpans bhoys
May 17, 2023 9:50 am

Cup final tickets open up online in 10 minutes, they must have good faith in their servers taking a hit! I’ll wait an hour or two !

Madmitch
May 17, 2023 10:00 am

AH @ yesterday

Your “SuperPete” revelations.
Second rate / low energy property bean counter does legal …
My thoughts — never send a stoat to do a weasel’s work.

Your snippets generates more questions than it answers.
Specifically his control freak tendency coming back into full view.
And the board is allowing it to happen — tie and blazer model vibe in plain sight.

If PL — as Chairman — is now responsible for legacy legal matters as you say …
Then who was in charge before him? Change of tack with any change in personnel?

If it was the previous chairman then why wasn’t he kept on to finish the job — changing horses in mid stream and all that?
If PL had this role previously — then when did it start specifically was he the CEO at the time?

If he was CEO at the time does that explain his long term poor performance in the role?
Probably not but it would appear to shine a searing light into the workings of our club.

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
May 17, 2023 10:05 am

MAHE et al

I have also heard rumours from various sources about an impending “financial event” over there. There may well be more substance to it than has earlier been the case. The outstanding court cases-there WILL be more,there always is-may well amount to about £15-18m inc costs-yet their heavy losses in court have barely caused a ripple to date. Puzzling,like so much about their finances in the last thirty-odd years.

Ray Wilkins leaving a tax haven to join them,anyone? Or Gascoigne,Laudrup,Amoruso et al leaving the notoriously tax-friendly Italy? Hmmm…

Things we already know are that structurally,our income will always be greater than theirs,barring a loony billionaire buying them. One with a get poor quick death wish. Anyone who wishes to buy them will have the professionals in to do due diligence. If the books don’t scare them enough then the reaction of their fans to any perceived slight-namely,The Man isnae coughing up enough cash!-should.

They will know that the only chance of success is HUGE investment,done properly-which breaches FSR-or Celtic throwing them another lifeline. The latter,of course,can never be discounted.

There is never a time for Celtic to be complacent. Any sign of it should be highlighted and fought. We’ve been there before,and our assistance in the past has done them no favours. Indeed,it could be argued that allowing them the upper hand in the latter Sir Walter of Cardigan years was the killer blow for them. Though I would say that The Bank of Murray going bust was the major factor.

So,court costs aside,I don’t see that financial event taking place. The main creditors,as JOBO and others have pointed out,are on the inside. Even they have converted most of their loans to virtually worthless equity. But that’s a point. Those shares may be almost worthless and difficult to sell,as King has discovered,but where there’s life there is hope.

Should anyone with an interest in the club attempt to put them under,those shares DO become worthless. If I ever win a huge EuroMillions jackpot and lend them £30m on a strict legal understanding of a fixed repayment date,I would happily lose the £30m by placing and enforcing a compulsory winding-up order.

We all would. Money well spent.

But the creditors at Ibrox are all Rangers men. It’s the same outcome,we lose our money. Difference is,they know they will lose their dough in a money pit,but are happy to do it. Dunno why,given the abuse they get for their philanthropy.

Big Audio Dynamite
May 17, 2023 10:10 am

Wouldn’t say I was either a fan or hater of Peter Lawwell, I have never met and don’t know the man.

Since he arrived at the club though, we appear to have known nothing but success.

Wether that is down to Peter or not, I have not got a clue …or care.

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
May 17, 2023 10:12 am

Anyone know what is happening at e-Tims? Not been a new article now for over two weeks,I think. I site I usually enjoy too.

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
May 17, 2023 10:20 am

MM

PL micromanaged the club as CEO. Of course,he would have been the one to deal with the legal cases. On top of all the other things that he decided were his call-but weren’t. Which alone should have been cause to bar any return.

McCaff
May 17, 2023 10:20 am

Bobby…when you say the investors are Real Rangers Men how do we know this? Thinking about money coming from Hong Kong maybe the money is secured by RRM but invested by guys who are going in heavy for huge short term returns. The paper shares are underwritten by someone somewhere (Park maybe, who’s now had enough.) There’s definitely money to be made over there. And the turnover isn’t being reinvested as can be seen by the last year or two’s transfer markets and the running down of the senior players’ contracts. Somebody is making themselves a bundle outta Ibrox, unravelling the accounts to reveal who is a different matter!

Leggy
May 17, 2023 10:43 am

Morning all,

Really looking forward to Man City v Real Madrid tonight.

But Madrid 5/1 !!!!!!

Might have a shilling on that 😉

Big Audio Dynamite
May 17, 2023 10:46 am

Leggy, they have played English clubs 5 or 6 times in the last few years, they are yet to lose.

That’s very generous, considering.

Big Audio Dynamite
May 17, 2023 10:50 am

McCaff, who replaced all the high flyers *Cough*, who decided (Or forced) to jump overboard?

Or is Micky getting a briefcase to go with the jogging bottoms?

😁

McCaff
May 17, 2023 11:02 am

BAD…aye, it was Micky! As soon as he changed into the suit and the broon brogues that was it…🤣🤣🤣
https://youtu.be/vRohIUVEKy4

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
May 17, 2023 11:04 am

MCCAFF

Only Charliebhoy has ever made money from that club. Plus of course the unfortunate victims of a police sting gone wrong. I doubt there is money in it,barring investing a whole lot more in the first place.

Btw,can you mail me please as ATHINGOFBEAUTY would like to contact you re your ticket offer.

bmcuwp@gmail.com

☘️⭐️👍

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
May 17, 2023 11:13 am

BAD

The 15 point reduction for admin,I’m with you on that one. Bring it on. Not sure how they fixed things to deal with such as the previous liquidation at Ibrox though. Probably with them in mind though.

Big Audio Dynamite
May 17, 2023 11:34 am

McCaff, 😂

Jack of all trades.

Big Audio Dynamite
May 17, 2023 11:49 am

Bobby,

I think we all know why they changed the rules after their liquidation. They are in a permanent downward spiral, and I think the powers knew it was likely to happen again. In the league right now, who is most likely to have an admin event? Again, I think we all know.

So, Sevco now have a kinda safety net …no 3 or 4 years in the wilderness this time.

As far as Football is concerned, this really is an incredible wee country, eh?

Madmitch
May 17, 2023 11:50 am

McC @ 8.30

All their efforts to generate a surplus suggest that they are still in the game or at least the execs think they are still in the game

Spending money on the Shed and the new lounge in the “Centenary Stand” point to them working every angle to generate revenue.

Plus it would appear to be real cash and not debt.

Investment in bricks and mortar goes against they are skint narrative and suggests they are savvy enough to wring the cloth dry regarding supporter cash.

Not a pretty sight but the support is up to 11 regarding the battle fever / getting one over on us and Scottish football.

So they are paying the very high CL ticket prices and they are paying for “Bear Pakora” — does the RSPCA know … — and they are waiting in line for free pie seats.

That is quite a revenue stream to have at your back so we need to be playing our A game over the summer.

McCaff
May 17, 2023 11:52 am

ATOB/Bobby…it seems I’ve put too much store in my wee guy’s standards! It’s my daughter’s birthday on Trophy Day but we’ve got a family wedding as well so the birthday celebrations have been postponed to Cup Final day, hence why I’m not going. Unfortunately the wee man hasn’t shared my sense of responsibility and him and one of his pals are gonna use the tickets! Sorry, ATOB, I put the offer in too quick, apologies for building any hopes!!
My bad! 😳

McCaff
May 17, 2023 11:55 am

Bobby…re Charlie being the only profiteer! I would seriously doubt that. Anyone who invests, excepting probably Park, wants something back. A series of worthless share issues will be a part of a repayment for some but no-one with serious cash gives it away, that’s left for us mugs in the stands. There will a few guys happy with their returns from TRFC investments!

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
May 17, 2023 11:57 am

MCCAFF

Not a bother,mate. I will let her know. Btw,I’d do the same were I yer lad!

Knowing that my Mum would kill me,right enough…

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
May 17, 2023 11:58 am

MCCAFF

Ask the Easdales. Or King. Or anyone apart from Charlie and maybe Mike Ashley.

McCaff
May 17, 2023 11:59 am

MM..I agree to an extent but the narrative seems to suggest the cash generation is allowing them only to run to stand still! They need serious external cash, a la CL amounts, to try to get ahead of the game. So far, in my opinion they haven’t quite managed that yet, the share issues in the last few months attest to that. The issue, as per the lead article today, is for how long can they continue to keep going? The answer lies with the guys prepared to put money in, and they seem to manage it regularly – that’s why I think someone must be making out of it!

McCaff
May 17, 2023 12:00 pm

Bobby…yip, his maw no too happy!!

CFC
May 17, 2023 12:00 pm

The sales of Patterson, Bassey, Aribo, a Europa Cup Final and ignominious CL campaign will have helped fill the coffers and offset recruitment, loan repayments, litigation costs, and monthly cash burn to remain solvent.
Just how well the scales balance is the issue.
They are still on schedule for 45,000 season tickets so the lights will stay on.

Big Audio Dynamite
May 17, 2023 12:03 pm

Run to stand still.

VG! 😊

McCaff
May 17, 2023 12:03 pm

CFC…despite all that they still rely on worthless share issues! Something is wrong, probably very wrong, but they are managing to hide it behind these share deals. Turnover at a record high yet 2 or 3 significant shares for equity deals is not how loan sharks work!

Big Audio Dynamite
May 17, 2023 12:07 pm

Did I read that ICT season ticket holders could buy 8 tickets per person??

If that is the case, i know exactly where i’ll be on cup final day.

It won’t be – by any stretch – the first cup final I’ve spent in the away end.

McCaff
May 17, 2023 12:10 pm

Purely speculative but say Bennett approaches HowMujSun Bank in Honk Kong for a short term £3m loan. HowMujSun Bank says no problem, one year will cost you another £2m. Desperate times call for desperate actions. £3m secured with a year to get the £5m together. One year later, only £3.6m available to pay back HowMujSun Bnak. Bennett tells Park we need £1.4 by next month or HowMujSun Bank will charge an agreed penalty of 20 per cent. Park writes a cheque for the £1.4m and 6 months down the line accepts another share certificate for £1.75m worth of worthless shares. How else can it be working?

CFC
May 17, 2023 12:24 pm

No external business is giving them loans without some sort of security or personal guarantee.

McCaff
May 17, 2023 12:30 pm

Correct! Or even individuals! Remember the wee tale I told last week of the Glasgow businessman, cash rich, lending another businessman £5k to start a fast food outlet. £100 a week in perpetuity until the £5k was repaid. The guy borrowed on this basis to fund seven outlets!! All done through lawyers incidentally to ensure both parties were protected! That’s how high interest cash lenders work, glorified backstreet moneylenders. It’s easy if you know how!!
#ItwisnaemeCSC!! 😂

óglach
May 17, 2023 12:56 pm

A Celtic blog dominated by discussion about ‘The Rangers’ (Mk2)🤔 Who was it that said ‘Any part of Celtic that relies on ‘Rangers’ I’ll happily lose’? Well, that is still my stance – feck them, they should have been consigned to history in 2012. Our focus must be on putting together a team capable of competing with our footballing peers in Europe not worrying about what may be going on at the zombie Huns. Put together a team capable of competing in the Europa League and the SPFL will take care of itself.

PS I’m fully aware of the old nuclear threat option, which is a second death of a team playing out of Ibrox could mean the end of professional Scottish football. Total B/S, I’m of the opinion it could be the making of Scottish football and I know where lashings of jelly and ice cream can be found.

Big Audio Dynamite
May 17, 2023 1:03 pm

Oglach,

The old firmism is more deep-rooted than we care to admit.

We live in some kinda parallel reality in this wee shithole.

A place where the truth is substituted for some twisted fantasy.

Just laugh at it all, mate …they really hate that! And of course, enjoy your jelly & ice cream!!

HH 🍀

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
May 17, 2023 1:11 pm

OGLACH

Difficult to argue with that stance. But if we ignore the shenanigans at Ibrox,are we not guilty of the same as we accuse the MSM of doing? Ignoring rules breaking condones it.

Madmitch
May 17, 2023 1:27 pm

Our friends in Govan — where does the cash go?

As noted by others — cash would not appear to be the big issue in 2022/23.

CL money plus some player sales would appear to have them in a good position.

Bigger issue for them is timings / staged payments.

Working on both the ins and outs.

CB @ £20mill — Ajax surely have reviewed this transaction.
Very TFOD2.1 friendly at first viewing.
Or it might be a case of staged payments to Ajax’s benefit — TFOD2.1 would love the headline figure and suck up the details.

What have they spent this season on players?
No idea myself but the did replay our loan to future buy trick.

Then what do they have to spend this season?

JA @ Soton — the old Trevor Steven trick.
Half and half — don’t pay the second half and he returns to Govan?

All in all — don’t buy the implosion theory.

They have the cash — unfortunately they have struggled to spend it wisely.

Very opaque finances — set up that way no doubt so it will be the full year accounts before we get some idea of where the are and in which direction they are heading.

CL — they are a £100mill T/O team.
EuL and cups — they are a £80 mill T/O team.

With these numbers they will be able to put a half decent team on the park — and they will work every angle to bring in new blood.

Plus MB is a decent coach who is good at prep / set up / tactics.

Plus AP is going into the difficult third season

OF PLC / staged competition — they win the league / we do well in Europe.

I hope they aren’t so stupid as to try such thing but you never know.

A brains trust that could come up with the WF window in Jan 2009 will give most things a go.

We need to be playing our A game during the summer.

Net spend needs to be at £20mill to fill the gaps in the squad and provide the depth we need in certain areas.

BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS
May 17, 2023 1:53 pm

MM

A normal season for them-maybe a cup but no more,plus EL failure at group stage-sees them at T/O £60m. Ours should be a title,maybe a cup,CL after Christmas. Should! And £120m and up.

Wishful thinking? I think next season will be a major factor in this. And they know it.

Auldheid
May 17, 2023 2:02 pm

Madmitch
AH @ yesterday

Your “SuperPete” revelations.
Second rate / low energy property bean counter does legal …
My thoughts — never send a stoat to do a weasel’s work.

Your snippets generates more questions than it answers.
Specifically his control freak tendency coming back into full view.
And the board is allowing it to happen — tie and blazer model vibe in plain sight.

If PL — as Chairman — is now responsible for legacy legal matters as you say …
Then who was in charge before him? Change of tack with any change in personnel?

If it was the previous chairman then why wasn’t he kept on to finish the job — changing horses in mid stream and all that?
If PL had this role previously — then when did it start specifically was he the CEO at the time?

If he was CEO at the time does that explain his long term poor performance in the role?
Probably not but it would appear to shine a searing light into the workings of our club.
===============
I had no idea what it was in what I posted that painted a picture of a “Super Pete” in your head and I really do not want to know except to say it is a million miles from what was going on in my head and I’ll leave the term with you.

In response to your question it was The Company Secretary but as I have mentioned over the past some of the positions at Celtic, from observation engaging with individuals were under resourced. In fact the current Company Secretary, Chris Duffy was hired before PL left to assist the then Company Secretary (Michael Nicholson) deal with an excessive work load because he did not have the capacity in time terms to keep all the legal issue plates spinning.

JPT the SLO has same issue and I provided him with the cost of Help Desk software because his role requires that he manages all the supporter issues that come through him.

Rebus also mentioned a while back a tool for better decision making by management (used by Government?) and I am familiar with another similar called The Logframe . From memory neither of us was successful in getting Celtic to consider their use.

Part of my career saw me with the title Capacity Builder and I still hold the view that Celtic could do worse than explore better methods for conducting their business which might mean wages going on the administration account rather players.

Under PL, again from talking to a Celtic employee a few years back, who could not get his office repainted unless agreed by PL and Pl’s justification to him and in public was every penny Celtic earned was spent on the field of play, which is an instance of micro managing being justified.

So based on my experience I can see why PL has been brought in as the CA water carrier and how that releases MN to get on with AP on the job of recruiting players where contract agreement is MN’s responsibility within the overall football budget at Ange’s disposal.

PLs Key Performance Indicators were wrong. He was paid for balancing the books and domestic success not success in Europe which would be a bonus..

During his time Celtic had to qualify for the CL which was not a given even with MoN in charge of the football.

Aware of that risk and mitigating it was built into the football budget two ways.

1. Only budget on EL income not CL and so only spend on players within that lower budget.
2. Sell a good player if there was one & books needed balancing (and KPI’s met).

That was Celtic’s policy.

How PL executed it has over time been shown to have its limits in terms of football success at European level.

Change comes from learning from past policy mistakes, exploring the thinking that created them, correct the policy and find the correct individuals with the right skill and experience to carry them out.

I see evidence that this is happening, but we all see what we want to see based on our own past experience but in sharing there is always the possibility we learn from what we did not know.

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