Welcome Guest [Log In] [Register]
Welcome to Kerrydale Street. We hope you enjoy your visit.

You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use.

If you decide to register, please be aware that we don't accept email addresses from free web accounts like gmail, Hotmail, live.co.uk etc. Sorry, but almost all of the abuse and spam that we get is from free web accounts. The software on the forum will automatically block any requests using a free email account.

Upon Registration, you will be given access to all our varied Forums, and you will be expected to comply with our fairly stringent Rules and Regulations. Meantime, enjoy your visit

If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
The All New Sevco Back in Yer Bin Thread; Taking out the trash
Topic Started: 29 Apr 2018, 04:24 PM (2,087,019 Views)
Josecuervo
Member Avatar
Game over man!
[ *  *  *  *  *  *  *  *  *  *  * ]
Is the delay for the press conference so they can teach Gessard the right door to go through so there isn't another magic hat incident?
Offline Profile Quote Post Goto Top
 
shugmc
Member Avatar
I was there
[ *  *  *  *  *  *  *  *  *  *  *  * ]
Stevie FTP
Offline Profile Quote Post Goto Top
 
westendtim
Member Avatar
First-team captain
[ *  *  *  *  *  *  *  * ]
Even if they get £60 million investment ( I feckin know, it's for the sake of argument) they owe the thick end of £30 million to directors and creditors for loans, the stadium is going to be a money pit, GASL is going to have to throw £11 million at a share issue, Ge55ard will be on 15 grand a week, so there's your first £2 million down the swannee, thats before you take into account they appointed an U-18 coach, priceless :lol:
Edited by westendtim, 4 May 2018, 11:02 AM.
Offline Profile Quote Post Goto Top
 
nails
Member Avatar
Retired and now a BT Sports pundit
[ *  *  *  *  *  *  *  *  *  *  *  * ]
Josecuervo
4 May 2018, 11:01 AM
Is the delay for the press conference so they can teach Gessard the right door to go through so there isn't another magic hat incident?
Probably expecting crowds
Offline Profile Quote Post Goto Top
 
ronny_is_not_da_man
Member Avatar
Off treasure hunting in Holland
[ *  *  *  *  *  *  *  *  *  *  *  * ]
Announce Edouard has signed and piss on their chips :lol:
Offline Profile Quote Post Goto Top
 
FoxyStoatyWeasely
Member Avatar
ferrets a grand old tim
[ *  *  *  *  *  *  *  *  *  *  * ]
westendtim
4 May 2018, 11:02 AM
Even if they get £60 million investment ( I feckin know, it's for the sake of argument) they owe the thick end of £30 million to directors and creditors for loans, the stadium is going to be a money pit, GASL is going to have to throw £11 million at a share issue, Ge55ard will be on 15 grand a week, so there's your first £2 million down the swannee, thats before you take into account they appointed an U-18 coach, priceless :lol:
Oh so it's only £60M, the £120M is just silly.

Aye, only sinking 60 mullyin in this season sounds far more plausible.










Meanwhile back on earth....
Offline Profile Quote Post Goto Top
 
Burnley Celt
Member Avatar
Old fud, taking things easy......
[ *  *  *  *  *  *  *  *  *  *  *  * ]
ronny_is_not_da_man
4 May 2018, 11:04 AM
Announce Edouard has signed and piss on their chips :lol:
I really do hope we make a significant announcement about something, anything today. Just for a laugh. :lolhuns:
Offline Profile Quote Post Goto Top
 
DhenBhoy
Everyone's Fantasy Football first pick
[ *  *  *  *  *  *  * ]
martok
4 May 2018, 10:52 AM
I just looked up their last set of unaudited accounts. 6 months up to 31st Dec 2017.
At that point they have a total of £17.7M of investor loans. They also took in that Close Brothers loan giving away the security of the car park etc for £3M or so.
The audited accounts before that say that they had a “projected shortfall of £4M in season 2017/18 and a further £3.2M in season 2018/19”.

So they need £3.2M just to stand still next season. They’ll be paying Gerrard plenty, and this new investment will need to be an interest free loan in addition to the £17.7M, or a new share offer. The share offer can’t happen due to the take over panel and Dave King having to pay around £11M for that. Plus they are still bumped off the stock market. So only maniacs would buy the stock under those circumstances.

If they do get funding they’ll be effed.

What really annoys me is that this is all happened coz they got away with the EBT's, Euro licence and all the other shady deals. If they had been dealt with properly, forced to start living within their means they’d have a decent corporate structure and be building like a normal football club. Not one built on debt, AGAIN!
The 4m in 17/18 shortfall was supposed to be covered by directors cash for equity as previously or interest free loan with an EBT repayment date.


That 4m has effectively been rolled over with the Close Bros loan. They also have player purchase repayment debts ...

The true figure is around 10m plus to plug the coming season's income/expenditure gap.
Offline Profile Quote Post Goto Top
 
Snowy Malone
Member Avatar
Former chairman availible for hire
[ *  *  *  *  * ]
Chako
4 May 2018, 10:19 AM
MILLIGANS ISLAND
4 May 2018, 10:16 AM
The celtic support should be delighted by this appointment. I knew he would take it, he has nothing to lose coming to it as an u-18 coach at Liverpool and when it goes tits up he will still be ok for a gig in england.

The guys a total dick,and I can see him getting into the hun mindset very quickly.
Gerrard (and his missus) could teach the huns a few tricks.
There was some terrible lies about Mrs Gerrard and a former Celtic player.
Offline Profile Quote Post Goto Top
 
Big_dave_greenock_1888
Member Avatar
Celtic To The Core
[ *  *  *  *  *  *  *  *  *  *  *  * ]
Incredible to think King was passed as 'fit and proper' by the SFA. Theres no way hes financing this himself so be interesting to see what hes offered Gerrard and what he actually delivers
Offline Profile Quote Post Goto Top
 
remy mcswain
Member Avatar
Big in Canada
[ *  *  *  *  *  *  *  *  *  *  *  * ]
Torquemada
4 May 2018, 08:42 AM
Did we "require a police presence" when Brendan was unveiled? WTF are they expecting to happen?

Or is this just another of Jabba's "look how big we are" wheezes?
It's in case the DJ doesn't play Phil Collins.
Online Profile Quote Post Goto Top
 
Greenock_Celt
Member Avatar
The game is over, the rebels have won.
[ *  *  *  *  *  *  *  *  *  *  *  * ]
Burnley Celt
4 May 2018, 11:08 AM
ronny_is_not_da_man
4 May 2018, 11:04 AM
Announce Edouard has signed and piss on their chips :lol:
I really do hope we make a significant announcement about something, anything today. Just for a laugh. :lolhuns:
Should have saved the sanitary products story for today.
Offline Profile Quote Post Goto Top
 
billy-bhoy
Member Avatar
Everyone's Fantasy Football first pick
[ *  *  *  *  *  *  * ]
Imagine if he takes charge now and they finish fourth! I may just die laughing.
Offline Profile Quote Post Goto Top
 
LambertandButler
Member Avatar
The Greek Finance Minister
[ *  *  *  *  *  *  *  * ]
remy mcswain
4 May 2018, 11:12 AM
Torquemada
4 May 2018, 08:42 AM
Did we "require a police presence" when Brendan was unveiled? WTF are they expecting to happen?

Or is this just another of Jabba's "look how big we are" wheezes?
It's in case the DJ doesn't play Phil Collins.
:lol:
Offline Profile Quote Post Goto Top
 
Quiet Assasin
Member Avatar
..for the maintenance of dinner tables for the children and the unemployed
[ *  *  *  *  *  *  *  *  *  *  *  * ]
remy mcswain
4 May 2018, 11:12 AM
Torquemada
4 May 2018, 08:42 AM
Did we "require a police presence" when Brendan was unveiled? WTF are they expecting to happen?

Or is this just another of Jabba's "look how big we are" wheezes?
It's in case the DJ doesn't play Phil Collins.
He might need an escort up the road in case something happens on the way to Govan.
Online Profile Quote Post Goto Top
 
pablo5
Member Avatar
Whatever it is, there's not enough of it
[ *  *  *  *  *  *  *  *  *  *  *  * ]
And there's nobody better than Stevie Clarke to bring them bang down to earth with a bang...

How amateurish is it to announce your manager for next season when this one isn't done yet?

Guaranteed their players will be spending today talking to their agents about getting a move rather than worrying about learning I Was Born Under A Union Jack to impress Uncle Jimmy.
Offline Profile Quote Post Goto Top
 
remy mcswain
Member Avatar
Big in Canada
[ *  *  *  *  *  *  *  *  *  *  *  * ]
Quiet Assasin
4 May 2018, 11:17 AM
remy mcswain
4 May 2018, 11:12 AM
Torquemada
4 May 2018, 08:42 AM
Did we "require a police presence" when Brendan was unveiled? WTF are they expecting to happen?

Or is this just another of Jabba's "look how big we are" wheezes?
It's in case the DJ doesn't play Phil Collins.
He might need an escort up the road in case something happens on the way to Govan.
Niche; but I like it :lol:
Online Profile Quote Post Goto Top
 
hail_hail
Member Avatar
Considering retirement
[ *  *  *  *  *  *  *  *  *  *  * ]
Anyone else worried Gerrard may actually be a success? :lol:
Offline Profile Quote Post Goto Top
 
Chako
Member Avatar
First-team starter
[ *  *  *  *  * ]
Snowy Malone
4 May 2018, 11:10 AM
Chako
4 May 2018, 10:19 AM
MILLIGANS ISLAND
4 May 2018, 10:16 AM
The celtic support should be delighted by this appointment. I knew he would take it, he has nothing to lose coming to it as an u-18 coach at Liverpool and when it goes tits up he will still be ok for a gig in england.

The guys a total dick,and I can see him getting into the hun mindset very quickly.
Gerrard (and his missus) could teach the huns a few tricks.
There was some terrible lies about Mrs Gerrard and a former Celtic player.
There are also some terrible truths.
Offline Profile Quote Post Goto Top
 
littlegmbhoy
Member Avatar
Club Captain
[ *  *  *  *  *  *  *  *  * ]
hail_hail
4 May 2018, 11:19 AM
Anyone else worried Gerrard may actually be a success? :lol:
Alex Rae, Kris Biyd, Gordon Smith, BFDJ all do....
Offline Profile Quote Post Goto Top
 
69 users reading this topic (46 Guests and 0 Anonymous)
DealsFor.me - The best sales, coupons, and discounts for you
Go to Next Page
« Previous Topic · Celtic Football Club Discussion Forum · Next Topic »
Add Reply