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

476

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……..

Click Here for Comments >
Share.

About Author

476 Comments
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 13

  1. 16 roads - Celtic über alles... on

    “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.”

     

     

    Classic GFTB! :)

     

     

    HH.

  2. GlassTwoThirdsFull on

    With the draw at Ibrox they could finally get an away game. They will probably have the fridge switched off to save money and their ball won’t be cold!

  3. Gerryfaethebrig on

    Graeme Murty

     

     

    Now odds on for manager if the year from the hacks, Scott McD from the daily record quote “Brendan is no bad but he is no Graeme”

  4. My choice for the next round would be sevco as we would put double figures past them but my mean streak says I don’t want them to benefit financially and certainly not from us. So Hibs/Jambos v sevco with the tie in Edinburgh. I don’t trust that bassa McInnes to pick a winning team against them.

     

    They are pure gash BTW :-))

  5. Donnelly and Nesbit both had chances to put the huns to the sword any team with a half decent striker will score against Hale & Pace in the middle of the huns defence..

  6. Gerryfaethebrig on

    Gordybhhoy64

     

     

    13 to go :-)

     

     

    Let he who hasn’t sinned cast the first stone

     

     

    Tanner just said where does Waghornio do his best work……

     

     

    “the championship”

  7. GLASSTWOTHIRDSFULL on 12TH FEBRUARY 2017 5:07 PM

     

    Derek Ferguson – “they need to get somebody in to steady the ship.”

     

     

    *mcurine and bammy8, they’ve both probably got their ebt invoices in the mail box.

  8. personally i dont care if eck or walter no name get the job with out the help of ebts there garbage

  9. Aye, imagine selling yer soul just to get 2 points in the Goals For Shay competition.

     

     

    What’s that, Lassie? It’s possible somebody also played their JOKER?! Heinous! Burn the witch!

     

     

    When do we get to pump Sevco in the cup at Mordor?

  10. VFR800 is now a Monster 821 on

    Well that was torture. Morton should have had at least a draw. Let’s get them to Celtic Park and hammer them.

     

     

     

    KTF

  11. 16 ROADS – CELTIC ÜBER ALLES… on 12TH FEBRUARY 2017 5:09 PM

     

    Ye may talk and write and boast about yer Fenians & yer Clans… And how the Bhoys from County Cork beat up the Black & Tans…

     

     

    *God bless Tom Barry and the Boys of Kilmichael

  12. Gerryfaethebrig on

    16roads 5.09pm

     

     

    I have never crossed the water but both grandfathers were hunted down by the black n tans, am the youngest of 5 and the older I get the more Scottish I become, MissGFTB done a school project on St Andrew, I love her being a wee fenian Scot, funnily enough my father didn’t tell me the stories of my grandparents it was my mother who kidded on she had no time for Celtic :-)

     

     

    Big Eck to mange WongaFC

     

     

    Magic

  13. MuckLeash. Oh dear oh dear oh dearie dearie me.

     

     

    He’s a rangers man. And it might seem like it’s a coincidence. And it is a coincidence. And when a club like rangers comes calling. Well nudge nudge wink wink.

     

     

    And…

     

     

    Bwaaaaaahahahhaahahahahahaha.

     

     

    Sorry, I mean aye fine, have HIM because he’s just great so he is. Really REALLY great.

     

     

    That and I can’t actually think of a better big fudd for them right at the minute.

     

     

    Except for maybe the loyal cardigan or that wee ned.

     

     

    Crack on, great job.

     

     

    Hahahahahahahahahahahah.

  14. Gerryfaethebrig on

    Big Eck “we know who is in here :-)

     

     

    I quite like the fact they don’t hide their bias

     

     

    Happy days

  15. i'vehadtochangemyname on

    i’d love to see big eck back at asbestosdome – can you imagine him managing that team after he last managed them at the height of a certain financially reckless system

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. ...
  10. 13