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. GFTB

     

     

    Yeah but they are that stupid to believe that this weekend was a good one for them.

     

     

    Jimbo67

  2. Canman

     

    I do, but sometimes the power goes back on instantly, hence the problem, it often surges as well, thankfully the computers have anti surge fuses in them, most appliences we now have also don’t come back on when the leccy comes back on, it’s a pain but sh1t happens.

     

    HH

  3. Bhoys and Ghirls,

     

     

    For those moaning about the very short highlights on this evening’s Sportscene, remember that as it was Scottish Cup weekend we got the ‘real’ Sportscene on Saturday night, pushing back thr usual MOTD programme till later. Pretty decent coverage of us last night so only to be expected that the Sunday highlights programme concentrated on the 2 Sunday games.

     

     

    chooseyourbattlesCSC

  4. Gerryfaethebrig on

    TET

     

     

    They will never leave us, but their hatred is diminishing

     

     

    “wearrapeople” attitude is cringeworthy our Brendan has our team concentrating on football

     

     

    We live in great Celtic times

  5. Bless me Father for I have also sinned,by taking Sevco in the GFS competition.

     

    The only reason I wanted them to win,(and I’m sure it was the same for the 13others) was that I wanted another opportunity to give them a right good pumping again.

     

    You wouldn’t catch me picking them in a league game or if we weren’t in the cup.

  6. Marrakesh Express on

    One straight out of gossip corner today from a guy who’s info I do rate.

     

    Goalkeeper coach Jim Stewart, on £170k, (is that not more than the PM’s basic ?)

     

    Anyway King tried to dump him in the warbo clearout.

  7. JOBO BALDIE @ 6:56 PM,

     

     

    “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”

     

     

    REALLY!!!

     

     

    Sounds to me like she does…

     

     

    MyBeehatchCSC

  8. Chairbhoy – oops, epic fail by Jobo! You’re right, it is only ME that doesn’t have a dishwasher. Shouldn’t drink and post…. ;-)

  9. Gerryfaethebrig.

     

    I selected Celtic this week. I had already used my jokers though, but happy enough with six

     

    Are you going to try and do this naming and shaming by method of deduction.

     

    Hail Hail

  10. Gerryfaethebrig on

    Dannymac

     

     

    No need for explanations otherwise none as excuses, well done for admitting to siding with the forces of darkness there are 12 who have yet to admit their failings

  11. Gerryfaethebrig on

    JNP

     

     

    Yir dam right, last man standing Mike in Toronto & Lennybhoy took the Sevs to win…. no mercy in this Celtic household :-)

     

     

    MIT & LB only kidding but still canny believe you took the cheats to win :-)

  12. Gerryfaethebrig on

    JNP

     

     

    As a kid I was known as Dumbo for the size of my ears, my glass will always be half full so elephants have great memories so am yir bhoy

  13. Gerryfaethebrig on

    Jobo

     

     

    Name & shame if for nothing else it’s a good laugh

     

     

    Gordybhoy64

     

    Dannymac

     

     

    Come om fellow Celts don’t leave Gordy & Danny in their own

     

     

    Mhan up :-)

  14. GFTB- no mhate went to zucca in ek food court, my wife and step daughters fav,my step son and son in law with us, great night,thanks for asking mhate

  15. Gerryfaethebrig.

     

    :-))))).

     

    35 took Celtic, Gerry.

     

    When the scores are update they will all have scored 12 or 6.

     

    You will know it wasn’t any one them.

     

    #McCarthyism.

     

    P.S. I hope WITS and Park Road had a good day at Leopardstown.

  16. Gerryfaethebrig on

    JNP

     

     

    I will be delighted if “Big Shuggy” has selected the Sevs….. got a wee sneaking feeling my old history teacher/fitba manager might have taken the cheats……

     

     

    PowersofdeductionCSC

  17. Canamalar it looks like OCD obsession on

    With all these elephants in rooms all over hampdump, ayebrokes and every MSSM editorial room, Scotland is doing more than its fare share of protecting that species, they’ll be off the endangered species list soon enough eh

  18. Gerry

     

    I think it was the first LMS, I also picked the sevies, and Jobo posted our excuses for picking them, it was down to the last three if I recall, no sure tho.

     

    HH

  19. GFTB-we going to larkhall for paddys night, the old shawlands, my step daughter an son law were married there:-))

  20. Gerryfaethebrig,

     

    Picking them is a win win..If they get gubbed yer happy and if they win ….. well well.

  21. Gerryfaethebrig,

     

     

    It’s not just a case of guilty or non guilty in picking Sevco.

     

     

    In Scotland there is a third way. Not Proven. ( Not guilty, but don’t do it again )

     

     

    Ok , I admit it. The guilt is too much. Must be a schooling thing .

     

     

    Cheers and HH.

     

     

    Ps : I go away a week on Monday for three weeks. :-((((((((

  22. Gerryfaethebrig –

     

     

    There are around 35 entrants that haven’t yet chosen Celtic. They may have been extra pleased when today’s cup draw was made. The quarter finals are scheduled fo Week 8…….

     

     

    Oh and ther’s maybe another record on the cards – we haven’t yet conceded a goal in the 2 domestic cup competitions!

  23. Gerryfaethebrig.

     

    I’m thinking this is fun.

     

    Oh, if my good pal H.T has taken them. How funny would that be?

     

    I know there is more chance of him writing a glowing testament of Peachy Lawwell than selecting Sevco. I.E. No chance, but the thought amuses me.

     

    H.T. Was it you?

  24. JOBO BALDIE @ 7:48 PM,

     

     

    “Chairbhoy – oops, epic fail by Jobo!”

     

     

    No so epic – back in the days of young Love…

     

     

    Mother-in-law: Chairbhoy, when you going to get a dishwasher?

     

     

    Chairbhoy: A’ married one… he he…

     

     

    Mother-in-law: THAT’S THE MOST SEXIST THING I’VE EVER HEARD!!

     

     

    Oooops

     

     

    Hail Hail

  25. mike in toronto on

    Flight delayed andStuck at airport, so getting caught up….

     

     

    JFH … I hope all goes well with your wife’s surgery on Tuesday.

     

     

    I wii ‘fess up and admit to being one of the dirty dozen and a few who selected the zombies this weekend …

  26. Marrakesh Express on

    Fairhill bhoy

     

     

    I like Zucca. My mates son Jamie owns the place directly opposite that does crepes etc. Big Tim.

  27. Gerryfaethebrig,

     

    Unless they come clean and admit it,you won’t know coz Arsenal,Liverpool,Man Utd,West Ham & WBA also scored 2 goals.