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. Gerryfaethebrig on

    Jobo 8.12pm

     

     

    I picked Celtic against the wee Rovers. Out of the 35 have sny picked Sevco ?

     

     

    This dog is keeping that bone !!!!

     

     

    Don’t give me the patter if we pick them and they don’t score it’s win win rubbish, if Morton won 7-6 the day the Sevco pickets would still have their 6 goals, hell will freeze over before my soul will be sold :-)

     

     

    Well done for your two Sevconian goals …. 4 for the two jokers:-)

  2. Brogan Rogan Trevino and Hogan on

    Good Evening one and all from a very pleasant Lisboa where they know that the Celtic fans are coming in May.

     

     

    Spent the day wandering around the city centre and checking out locations, hotels and travel routes for the visit in May and am delighted to report that everything is looking good.

     

     

    Spent the afternoon in Hennessy’s Irish bar watching the egg chasing and off out shortly for the dinner and some Vinho Verde.

     

     

    Tomorrow’s routine involves a host of meetings re a potential dinner for all attending plus others on the evening of the 24th of May and a trip out to the Estadio Nacional to meet the stadium manager and hopefully arrange access for the group to the stadium on 25th May.

     

     

    A number of other agencies are now showing an interest in the fact that Celtic fans are coming in May and the whole thing is shaping up nicely.

     

     

    Anyone who is going but who has not been in touch but who wishes to join the group (especially for dinner on the 24th) should contact me on jjoe88@hotmail.co.uk.

     

     

    Cheers and Hail Hail

     

     

    BRTH

  3. Brogan Rogan Trevino and Hogan on

    BTW shared a couple of pints this afternoon with a Hibbee who is thrilled to bits that they have Neil Francis Lennon in charge.

     

     

    He was absolutely gobsmacked at the idea of us all coming to Lisbon to celebrate and was of the view that the 50th anniversary of that achievement should be celebrated by all football fans.

     

     

    Lovely fella.

  4. Gerryfaethebrig.

     

    Are you keeping up?

     

    MIT and Greenpinata have owned up too.

     

    MIT.

     

    Thanks for the updates on holiday, good reading. It would appear that you had a blast.

     

    Hail Hail.

  5. Gerryfaethebrig on

    Canalamar

     

     

    Qftb sounds no bad…

     

     

    Delighted you are enjoy Brendan & the bhoys, much respect for you & tge Res12 bhoys, but more happy you are enjoying the team

     

     

    Mike In Toronto

     

     

    FFS….. will you never learn :-)

     

     

    Still got 11 to go

  6. mike in toronto on

    TET…

     

     

    Ha… so who am I really? … if I’m betting on the zombies, I may be Dave King … or maybe I’m Dermott Desmond

     

     

    :)

  7. Gerryfaethebrig on

    JNP

     

     

    I missed Greenpinata’s confession, as POG posted I would rather lose than side with the bigots

     

     

    MIT

     

    Greenpinata

     

    Dannymac

     

    Gordybhoy64

  8. Gerryfaethebrig on

    Mike in Toronto

     

     

    You seem like one of the good ghuys, but your love of the Sevs let you down, just a wee bit :-)

     

     

    AllgoodfunCSC

  9. mike in toronto on

    JNP … thanks. What a lovely island… which is a good thing, as there is a big storm in Toronto, so we may be stuck here a while!

     

     

    GFTB…. you would think I would learn… and it’s not like they’ve done me any favours when I did! I can live with being a w***e (occupational hazard) , but I do object to being a cheap one!

  10. I was at the dermatologist in Glasgow recently and she told me that I had some sun damaged skin, I’m more likely to develop rickets as I try to avoid direct sunshine. She prescribed me Picato Gel and showed me some photographs of the likely side effects/skin reactions. You know what? She wasn’t feckin joking.

     

     

    Mr Picato

     

     

    Ps yer average sevconite doesn’t need the gel to look like that. At least my side effects are only temporary, I hope ;-)

  11. BROGAN ROGAN TREVINO AND HOGAN on 12TH FEBRUARY 2017 8:26 PM

     

     

     

     

    Was in Lisbon last September.. great city .. we went to great food place in city centre called palacio chiado.. excellent food at very reasonable prices.. 4 rooms I think doing different type food. Not sure if they have function room or private area but highly recommend trying it out while you are there.

     

     

    Watched us spank the huns in hennessys. Decent boozer and very handy to find.

     

     

    Enjoy the trip

  12. Was speaking to my Brummie supporting mate earlier today and he hope big time that the huns appoint big feck, he hates him with a passion, I told him that Brum would get relegated with him in charge, when they won the LC my predictions werny looking great, but never fear big feck came through.

     

    He is brutal, without his ebt players he has no chance, please give him the job.

  13. May aswel join the que

     

     

    4 of us who were over at hearts game recently booked up for the huns game.. only have 2 tickets between 4 of us so far so any1 has any spares and feeling kind give me a shout.

     

     

    We’re all travelling over for 2 nights from derry so hopefully we get sorted.

  14. mike in toronto on

    GFTB…. want sure if w***e would get moderated. even though I have been on CQN since, I think, week three, I won’t feel like I truly belong here untiI get a post moderated! :)

  15. Mike, how was Gros Islet on Friday night for Fish :-)

     

    Oh and the dancing :-)))

     

    Hope you and K T had a great week

  16. POGMATHONYAHUN AKA LAIRD OF THE SMILES on 12TH FEBRUARY 2017 9:00 PM

     

    Got the same message from BRTH on Messenger.

     

    Keep the Faith!

     

    Hail Hail!

  17. GFTB,

     

    I crashed out of LMS last time cause i changed my pick from Sevco to someone else,

     

    and it was quite far into the competition,so if i want to pick them in GFS i will,

     

    and if it causes you consternation you can go pap shite at the moon ;=))))

  18. Gerryfaethebrig on

    MiT

     

     

    Am still a newbie and have had loads of posts deleted…

     

     

    I wish the Mods would delete all my posts then I wouldn’t have to worry about the shoite I post :-)

     

     

    Out of sight out of mind CSC

  19. Gerryfaethebrig on

    G64

     

     

    It’s all good …

     

     

    Keep up the good work, your 2 goals for your soul will soon see you papped out of GFS as well :-)

  20. mike in toronto on

    Cowiebhoy…

     

     

    We had a blast! The lushest, greenest country I think I have ever seen.

     

     

    Castries was fun, as was the fish fry.

     

     

    Best part of the holiday was how much fun KT had … she climbed the Gros Piton like it was nothing! And when she wasn’t climbing mountains, she was windsurfing, sailing, etc… the crew that run the water sports thought she was amazing!

  21. GFTB,

     

    yeah i know mucker,fat chance of me winning LMS,

     

    used my 2 jokers already and still not in the top half,

     

    am doing better in the Fat Bhoys Slim though

  22. Cowiebhoy

     

     

    Yes and yes! Was dating a local girl.

     

     

    Marspapa

     

     

    Howdy beautiful brother!

     

     

    HH jamesgang

  23. Gerryfaethebrig on

    G64

     

     

    It’s all good fun, Jobo & CRC do a terrific job, anyway fellow Celtic fans we live in good times, hope to catch you all next Friday (am not allowed on the blog during the week)

     

     

    JFH….. take care and hope all goes as well as it can on Tuesday

  24. Marspapa

     

    Hope all is well Bhud ?

     

    Never got any text, back on my original number now – will drop you a note through the week

     

     

    MikeinToronto

     

    Glad you and KT have enjoyed – did you do the Helicopter over the rain forrest ? Awesome views

  25. mike in toronto on

    Cowiebhoy .. that is the one thing we didn’t manage … had thought about taking it today to the airport today, but our flight is delayed … so maybe a good thing we didn’t ..we would have been here even longer …

     

     

    . oops just been calle, so better run

     

     

    Cheers