Lockdown has inspired one Celtic fan into a 16 tweet strong story of the 2020 ‘Old Firm’ battle. In truth it is a walkover with the two Glasgow clubs heading in completely different directions.
What goes on in Dubai stays in Dubai but in the months ahead what went on in the Gulf State in mid-January will be subject to endless speculation.
Celtic made their way to their usual haunt to get over the December 29 Derby defeat, for once they were joined by their city rivals whose stay has been the source of endless rumours and speculation.
Since the return to action the two clubs have went off in vastly different directions, with the on-field problems of Steven Gerrard’s side matched by issues off the field.
Dave King has walked away, new investment has failed to materialise with the suspension of football freezing the club’s main income source.
Dealing with the coming weeks and months will require very deep pockets, with King gone responsibility now falls on Mister Park, no-one wants to be remembered as the guy at the wheel when the business was consigned to the scrapheap while celebrations were going on across the road.
1.
This season was a dogfight until the Glasgow teams returned from Dubai, one conditioned and determined to make amends for the result at Paradise on the 29th of December and the other shrouded in rumours, bans, going concerns and litigation.Thread/
— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
2.
Then the brakes were cut, Jabba was attacked walking his dugs, Alfy forgot how to poach an egg let alone a goal and the Peepul descended into rage as the results worsened by the week after Boyce had handed Celtic the advantage at Tynecastle.— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
3.
The Coronavirus stepped in to spare Sevco’s blushes, however, it is a bandaid on a bullet wound, the Newco has a massive financial storm approaching with deferred wages the least of their worries.— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
4.
The going concern of £10m has yet to be addressed, there is still no kit deal in place and regardless if they get one or not they are still tied to MASH, this year’s litigation for ‘many millions of pounds’ will be followed up by another dose unless they play ball with Ashley.— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
5.
The ridiculous fee paid for Kent has yet to be paid in full with the majority of the £7m deferred to this season, as well as this the creative accounting which added worth to the 8-year-old clubs valuation of its assets has fallen to pieces in the tabloids.— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
6.
A man who couldn’t be bought for 40 million pounds in December labeled a man child by Jackson in the Record in March.Sevco less than no money, they are flat skint and reliant on loans from men of limited means in these dark times, the saviours haven’t come to town.
— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
7.
Their King has fled and will require massive compensation for his prior investments to be moved along.Until such time, no businessman can escape the punitive repercussions of the Takeover Panel as the cold-shouldered business pariah simply can’t be an associate.
— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
8.
Indeed to buy Mr. King’s shares would take over 13 million pounds if we are to assume his 25.58% holding of 66,672,893 shares are to be valued at 20p per share, so before a penny can be put in by a new investor NOAL will need to be paid out this sum….— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
9.
…..or the new investor will have to risk corporate isolation.A prospectus to a potential investor would read:
1. 13 million for King’s shares
2. 10 million (ball park) compensation to Ashley
3. 10 million going concern 2019
4. 5 million for Kent transfer.— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
10.
5. 12 million for 3 months of deferred wages
6. 20-30 million needed to rebuild squad
7. No retail deal meaning an operating shortfall for 2020/21
8. Compensation to Hummel
9. Sponsors like Ladbrokes cancel association
10. Company contingent on European Football to survive.— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
11.
If there is a Real Rangers Man with £70m or so lying around willing to bet on Stevie G toppling the 9 in a row Champions then Celtic may well have a title challenge next year.The one thing that will be devastating to Football in general but may well be terminal at Rangers..
— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
12.
…is the one thing no one dare talk about, a season of empty stands or massively undersubscribed season ticket renewals. There may well be limits placed on how many people can be allowed into grounds or people may well stay away due to fear of infection…— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
13.
…..not to say that many people are feeling the pinch and will not have enough money to buy a season ticket in the first place. The one level of income that they can rely on may well be curtailed by the virus sweeping the planet, this combined with the above …— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
14.
….will likely put them into admin and hand Celtic the 10 at a canter. They have to sell before they can buy and have few saleable assets, as a company in distress they will not be able to ask for much for Barisic, Aribo, Kamara, Tavernier, Morelos, no others are saleable.— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
15.
Half of them are too old, the rest far too inconsistent to draw a bid outside of hundreds of thousands of pounds bracket, even those listed above are all worth less than £5m by some margin with Morelos worth a punt at that amount to a club in a country which doesn’t have VAR.— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
16.
….when UEFA meets this week, the destination of Celtic’s title is the least of their concerns, should this season be postponed even further, the papers may well be forced to tell the truth again as they did in that magical summer of 2012.?9????????????????
— I Wanna Be Edouard! (@GordiePaterson) April 21, 2020
