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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476 Comments

  1. Gordybhoy64-4:51pm-bless me father for I have sinned,always makes me think of the saw doctors every time:-))

  2. VFR800 is now a Monster 821 on

    VOGUEPUNTER on 12TH FEBRUARY 2017 6:33 PM

     

     

    PRESTONPANS BHOYS on 12TH FEBRUARY 2017 6:36 PM

     

     

    The Celtic game got full coverage last night.

     

     

     

    KTF

  3. VFR

     

     

    I was working last night ,was hoping they huns at bbc would have shown some of the fekn horrible challenges from ICT.hh

  4. GDT !!! Superb !!

     

    Thanks for that a spewed my Sunday dinner everywhere !

     

    Midget Huns indeed lol !

     

    Quality Timpatter.

  5. garygillespieshamstring on

    The wee bag with the balls wasn’t the only bawbag involved in the draw today.

     

    Wonder if big Feck will get an ebt this time.

  6. Gordybhoy64-only seen them once in the barras,I’m sure we beat them 1nil that day or next day,my memory is rubbish:-))

  7. Gerryfaethebrig on

    Gordybhoy64

     

     

    I congratulate you for being the only one of 14 to own up :-)

     

     

    I picked Arsenal in spite of Charlie Nic leaving us for them, I think we need a list

     

     

    The dirty dozen + 1 = 13

  8. Good evening friends.

     

     

    Completely random but what a fantastic album Empty Glass (released in 1980) by Pete Townsend is. Notwithstanding any personal issues relating to the performer.

     

     

    Dishwasher still broke so it’s accompanying my washing of the dinner dishes. Technically, it’s only Mrs Baldie that doesn’t have a dishwasher!

     

     

    Paid a £70 call out charge only for the guy to be unable to get the thing out of it’s ‘integrated’ space! “Ah’m no a joiner – if you can get it out I’ll come back….”.

     

     

    That’s life.

  9. prestonpans bhoys on

    Vfr800,

     

     

    Fair enough but this coverage is supposed to encompass the weekend programme , a similar 5 min coverage should be expected.

  10. Gerryfaethebrig on

    Jobo

     

     

    Am no a joiner but would have only took £50 for my non-service

     

     

    Anybody needs a non-joiner call out get my details from P67 or leave your number here ………

  11. Gerryfaethebrig on

    Hot water = added

     

    Fairy liquid = added

     

    Plug = in

     

    Dirty dishes = in basin

     

     

    Job done……..

  12. As there’s a Monday night game to come the results for week 5 for Goals Fir Shay can’t yet be put out. But here’s an interesting stat. In the first 4 weeks, the number of different teams scoring 3 or more goals was 9, 4, 11 and 8. This week (so far) only 1 team has managed that. And guess who (woo-hoo) picked The Bhoys with a joker – me (oh, an 18 others). Less fortunate were the 2 who (ahem) invested a joker on The Rangers today. Still, 4 points is 4 points.

     

     

    Oh and if you’re lurking The Token Tim and Rantic – still time to get your week 5 pick in!!! Assuming you’ve not yet chosen Bournemouth on Manchesity ;-)

  13. Jobo

     

    Last week we had a few power cuts, it’s normal here, anyways the new ish dishwasher wouldn’t work properly, so the bold TET calls out the bloke who sold it to me, only cos it is still under guarantee.

     

    Told him teh problem, he asked if I had reset the machine, no says I, why not says him, I wanted the ground to swallow me up, didn’t charge me a cent as he got such a good laugh at my thickness :-)

     

    Also just got my car out of the garage afetr him fitting a recon turbo, feck me, didn’t realise the car was so fast.

     

    That wasn’t for free mind you, but nothing like I would pay in britland or Ireland.

     

    HH

  14. Gerryfaethebrig on

    Jobo

     

     

    2 jokers jokered the Sevs…..

     

     

    Remember in the small print you & CRC have the authority. to share this information save the 11 name the Sevco jokers :-)

  15. Evening All

     

     

    Still choked with cold but I saw a great Celtic performance yesterday, had a nice tea this evening as I watched a rerun of an episode of The Persuaders so not a bad weekend.

     

     

    Tomorrow is the 5th annivesary of the news that Rangers were to pass into Administration. I can remember going on a fag break at work and switching on my phone and discovering messages from my nephew and Tony Reynolds telling me that they were up a creek, short of paddles and springing a leak. The day after that breaking of that news began the bizaŕre, frequently hilarious but invariably suffused with dishonesty , web of farce that is ‘Rangers’ and the last 5 years have not always been enjoyable. I even gave up the cigarettes!

     

     

    But that Monday almost 5 years ago was one of the happiest afternoons of my life even though now it almost seems like, if not the End of Innocence, the Birth of Alternative Facts. But I now what I am having for pudding tomorrow.

     

     

    Jimbo67

  16. Jobo

     

    give me a call tmrw

     

    I’ll sort you a number of a dishwasher repair gentleman who is a joiner also

     

    a good man.

  17. Gerryfaethebrig on

    Fairhill Bhoy

     

     

    Did you make the PV before still game ? not sure if you bother with the horses but am hoping to be in Blantir gold cup day, St Paddys to non horsey punters the PV might be the place we will be in

  18. Gerryfaethebrig –

     

     

    Trying to be professional here, so couldn’t possibly reveal the details. Although I will state quite categorically that I have not and will not be choosing them at any point during the competition!

     

     

    Incidentally, given that The Rangers have only scored more than 2 goals in a game once in their last 22 matches (v Kilmarnock on 29 October!) I was surprised how many plumped for them this week!

  19. Gerryfaethebrig on

    Jimbo67 7.20

     

     

    I hate Mondays and tomorrow is my long shift, your post has me looking forward to Monday !

     

     

    By the way…. that mob have more to dread than look forward too :-)

  20. Sportscene. Wow!

     

    Twenty minutes of the Sevco game; Ten minutes of the Hearts game. one minute forty seconds of our game and fifty five seconds of the Aberdeen game.

     

    Any good reason for this?

     

     

    JJ

  21. Canamalar it looks like OCD obsession on

    Jobo…,

     

    I know a van driver that can drive over to your house and not know how to do it either, only £50, could have saver you £20 if you’d let me know sooner :)

     

     

    Tig yer het CSC

  22. Whitedoghunch – thanks for the kind offer but thing’ve moved on and looking like we’ll just get a new one rather than throwing more good money after bad.

  23. Gerryfaethebrig on

    Jobo

     

     

    I will never take them, even if I am a hundred goals behind I will be invoking my 2nd joker, so far my mate hasn’t mentioned he wants a 2nd joker so come the 28th of Feb I will be after my joker, if he does I will let you & CRC know …..

     

     

    Name & Shame the Sevs :-)

     

     

    Winning Captains get a Cqn poll on the go

     

     

    WHO are these Sevco jokers ???