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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Timely reminder of exactly what faces the Sevco. The amount of money needed to allow them to replicate Oldco is not a realistic spend for any club in Scotland unless a real billionaire wants to burn most of his billion. With no guarantee of matching a rock solid Celtic.
And this game would get football banned as a spectator sport by the way…….
Excellent insight into the shambles on PRW.
One thing that struck me yesterday and I’ve seen no press article on it, is the timeline discrepancies.
Why was Warburton taking training, press conferences and routine team matters when he had supposedly resigned and his resignation accepted?
By the way Neil McCann gets paid to say the same things every game? Seriously? An absolute bore.
The only thing missing from the sky panel is a flute band in the background
GG – if I was warbs union Rep I’d be rubbing my hands. It would be straight to the solicitors. So much unacceptable employment practice in one case it’s untrue!!
Alibri
Nobody else would touch him with a bargepole. Sevco has him as their number one target! What does that tell you!
He is very media-friendly and they do a great job at glossing over his (many!) failures.
Would love to see him there.
Just a quick point on the Huns, it’s one thing to sack Warbs, it’s another thing to trash his reputation and assassinate his character. Not only is he probably entitled to compensation but he has a good claim for damages against his professional reputation.
Big Eck on message, “Rangers revolution”
Sandman
Name & shame sounds too Coistyish, but I agree :-)
Set the 14 free
Expect Morton to tire in the second half against Sevco, though at half time they are still well matched.
Mostly boys, apart form Sendoros, Hill, Miller and Wallace who provide the comic value, for the viewers.
A complete farce we already know, they know, that we know.
Swansea City v Leicester City kicking off
Nye Bevans…
Evolution would be a start for BigotFC
Sky sports now showing the morcome and wise show
WAS SON OF DALLAS FAST TRACKED INTO HIS MIB SUIT??
http://www.getreading.co.uk/sport/football/football-news/murtys-delight-at-bhoys-clash-4249205
This might push some of them off the window ledge…
Robert Tressell 3:45
The old club spent around £250m of OPM from 1997-2012. This allowed them to be competitive with us during this period.
The problem is they can’t/won’t accept that this success was fake and that the real gap between the clubs was huge and only covered up with OPM.
They think this was “normal”.
Err, no – now is normal!
Readers;
OPM = other peoples money
Jude 4.00pm
I listened to “off the ball” last night and Cosgrove asked some guy fae Sfa if son of Dallas was fast tracked the answer “yes”
Some Sevconians actually went to games with a loaf wrapper on their head.
Let that sink in CSC
Surely that was yellow for mck
GFTB
ITS THE GOAT I FEEL FOR!!! H H
Nesbitt misses a sitter
Aiden misses a sitter
So far today – watched
a bit of Burnley game
half Hearts game
half Sevco
now on to swansea
hopingforsomefootballCSC
NESSBET MISSES A SITTER
ps
not looking promising
Had the lot on over 2.5 goals in the Hibs/Hertz game @ even money.
Thought it was a free one.
I actually hate maself.
Luckily enough a have worked out how to fire this fone at walls and on the floor without breaking the damn thing.
HH.
16roads
Only gamble what you are willing to lose :-)
Waghornio has some record at championship level
( by the way my phone has plenty of air miles :-)
Christ I feel like a zombie.
Such is the rage at times like this.
At least those cretins are permitted to swear on their pishy blogs.
Probably a good thing that P67 doesn’t allow cursing on CelticQuickNews.
Grrrrrrrr.
HH.
WHOS THAT COMMENTATING WITH MC CANN??
I couldn’t pick my nose GFTB.
Nightmare chief, total nightmare.
:(
HH.
The SKY polishing of a turd now in full Sevco swing
16roads
You will be back, my Mrs actually said the other day “your coupons are rubbish these days” I informed her they have always been rubbish she just cherry picks the winnings
Mon Luke Donnelly
Luke Donnelly on to add some drive to the midfield attack..
Ton still in it to win it
“I have lost £20m in Rangers already and I’m happy to lose another £30m because I love the team.”
“I don’t want to be arrogant but it might be easier for me to lose £30m than it is for some fans to afford season tickets.”
Wonder if any of the Cqn 14 jokered the Sevs… just wondering :-)
I’m not surprised that ‘financial responsibility’ is a ‘foreign language’ to Mr King.
£18m blown.
Mr King has expensive tastes.
In 2006 the South African Prosecutors revealed,
“His expenses total as much as R2.5m per month, he spends R300 000 a month on his credit card and every month £81 000 is paid into his credit card.
King is facing 322 charges, ranging from tax dodging, violation of exchange control measures and extortion to money laundering.
The charge sheet covers more than 700 pages, and the State plans to call 117 witnesses against him.”
Does Mr King still travel First Class? Who pays?
He seems to enjoy issuing statements too,
In 2008 King called a press conference at a Johannesburg country club and vowed to destroy the credibility of the authorities who were investigating his tax affairs.
He said the South African Revenue Service (SARS) was a den of hypocrisy, one that was guilty of seismic errors. He said they were bullying him and likened them to a terrorist organisation.
What happened next?
Unfortunately In August 2013, all the years of dispute and counter-dispute ended when King, in the words of South Africa’s National Prosecuting Authority, “entered a plea of guilty in the South Gauteng High Court held at Palm Ridge, on 41 counts of various contraventions of section 75 of the Income Tax Act.”
Mr King was passed as ‘fit and proper’ by the SFA in May 2015.
This won’t end well. Enjoy the show:)
Messrs Warburton,Weir,McParland & Future employees of Newco and business partners,
In 2011, a High Court Judge in North Gauteng, castigated King. Judge Brian Southwood said that the court was “unanimous in finding that he (King) is a mendacious witness whose evidence should not be accepted on any issue unless it is supported by documents and other objective evidence. It was remarkable that King showed no sign of embarrassment or any emotion when he conceded that he had lied to the (SARS) commissioner in a number of his income tax returns. In our assessment, he is a glib and shameless liar.”
Bless me Father for i have sinned,
i took sevco in the GFS competition,
thats better confession is indeed good for the soul.