King’s statement, what it told you and what it didn’t

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Loved Dave King’s statement, absolutely loved it, as Kevin Keegan would say. On the positive side for Newco fans, “Rangers” beat Celtic 2-1 on the mention count. Well done, Dave, excellent result.

In short, Our New Hero confirmed five points:

 

The manager he appointed in 2015, Mark Warburton, was an improvement on Ally – I’ll tell the fans anything for money – McCoist, but he was not good enough when up against top-flight clubs.

He didn’t get a resignation from Warburton and his management team. There are now two club statements out there earnestly trying to convince you otherwise, but both are clear on the subject – there was no resignation.

They have burned £18m in less than two years to get into this mess.

“Our realistic expectation [for this season] was to come second”.

There will be jam tomorrow.

 

Warburton and his management team were sacked in the most dignified manner conceivable: informed by a journalist who read they were out of a job on the club web site.

Let the sacking sink in for a moment. Management were informed they were sacked by a journo who read an article on a web site! Years from now no one will believe such a thing could happen.

Who behaves like this? Sacking someone is never pleasant, but if you don’t have the cahonas to do the job in person, get out of the employer business. You have to wonder where their moral compass is.

The club appear to have acted after it became clear Warburton & Co. were not getting the Nottingham Forest gig and there would be no chance of a compensation payment heading to Glasgow. Forest didn’t buy the soiled merchandise, there’s no resignation letter nor even a meeting where a verbal resignation could have taken place. Not a concern if they don’t remain in business long enough for the legal process to run its course, though.

I’m pleased King made the financial facts clear: this is what overinvestment looks like at Ibrox. £18m shovelled into the furnace already, and there’s a good chance pushing that figure up to £30m will not be enough (according to King).

What “enough” is, is the question.

Their realistic expectation was to come second! Less of this “Going for 55” nonsense, please, you’re “Going for second place”, we all know it. There is no shame in this, the cold fact is that Celtic are out of reach.

Going for second place is a high watermark from now on. Pushing the £18m up to £30m or more will do nothing more than make the battle with Aberdeen and Hearts more interesting.

This season alone Celtic will earn £50m more than any other Scottish club. £30m, £50m, £70m over three or more years will still not bridge the gap at the top.

Then, when the last of these loans are made, the unpleasant business of reigning costs back to breakeven point will take place. What you didn’t read in King’s statement was any awareness that football clubs have to pay the piper. Financial responsibility is a foreign language.

Given his past football directorship, you’d think……..

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  1. i'vehadtochangemyname on

    the huns are going bust

     

    (again)

     

    the huns are going bust

     

    (again)

     

     

    and now you’re gonna believe us……

  2. Burnley Chelsea game on the other channel

     

     

    1-1 it’s snowing and David Luiz looks like he is going bald :O)

  3. Ernie, that supposes FTSFA would impose the rules to any clumpany playing out of Ibrox, or Hampden, and that is an optimistic view to take is it not?

     

     

    In a world where rules were applied without fear or favour, of course that would be true.

     

     

    It also supposes there is someone foolish enough to resurrect a Third Rangers.

  4. TET

     

     

    They’ve had their Spotify account suspended for non-payment and have had to raid the cellar for the vinyl.

     

     

    Dallas brings out the yellow before anyone has had time to break sweat

  5. Aiden Nesbit first goalscorer.

     

     

    Jamie Lindsay also starting.

     

     

    Luke Donnelly on the bench.

     

     

    Cmon bhoys!

     

     

    HH!!

  6. Several green boots on display on der Hun today ……. that is probably responsible for Morton’s lead.

     

    I expect a dignified statement after the match

  7. GlassTwoThirdsFull on

    RS having a McLeish love-in. Great record, apparently. This would be a few trophies won with Advocaat’s £80m team, with EBTs thrown in for good measure.

     

    Funnily enough nothing about a record run of games without a win at Rangers, finishing third in a two-team league, getting Birmingham relegated twice, a points total at Villa that would be relegation most seasons, bombing Forest out of the play-offs or getting sacked from his last four jobs.

     

    Kingy – he is your man!

  8. GlassTwoThirdsFull on

    If King had a problem Warburton using “Rangers” (sic) as a stepping stone to the EPL, why did he appoint him in the first place…….???

  9. If they get through and due to their dire need for pound notes, Celtic will be going to Ibrox, live on Sky Sports and this will probably see them ok to meet payroll until seasons end.

  10. Gerryfaethebrig on

    AoW

     

     

    Chelsea 1 goal ??

     

     

    At least you have principles unlike the 14 goals for Shay punters that cheered Kennys goal and want more :-)

  11. saltires en sevilla on

    Paul67

     

     

    King taking revenge on Warbo for bursting his plan?

     

     

    King knows they will be out for the count soon and never have to pay Warbo a penny on unfair dismissal or breach of contract.

     

     

    The only thing that makes sense!

     

     

    Anyone coming in to manage Sevco now is going to the cheapest option possible – won’t be surprised if he keeps the youth coach in place if he. An overcome Morton today. The guy deserves his chance blah, blah!!

     

     

    Good intervention from Dallas there …

     

     

    Jeezo no shame

  12. I for one would be happy to see McCleish take over from Warbutton. With his track record, a squad of has been sand never will be’s, no money and liquidation a certainty he is just the man for the job.

     

    “It’s just a coincidence I am here” he kept saying with a big smile on his face. He was having a wee wet dream with Tanner drooling all over him.

     

    Poor old Stubsy looked so embarrassed. He should have got up and walked away.

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