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. Through in embra for the weekend daughters birthday tomorrow something else great happened on the 13th, can’t remember what.

     

     

    Random observations.

     

     

    The CFC graffiti at deer park, IRS brilliant.

     

     

    Big tricolour on princes street for the rugby, lovely.

     

     

    Passed the abbotsford bar, was our resident poster in.

     

     

    Tynecastle new stand frame is making rapid progress.

     

     

    Castle street 7pm ish mad squad of hibbbees looking for trouble.

     

     

    And its bloody cold.

  2. John Guidetti scores to put Celta Vigo 2.1 up against Athletico Madrid in Madrid.

     

    Good man John.

     

    Have to say we haven’t missed him though.

     

    Hail Hail.

  3. MARSPAPA on 12TH FEBRUARY 2017 9:14 PM

     

    Guilty as charged…:)

     

    Hope all is well with you all. Great to see you come out of exile and posting again. Me and M really do need to get over and see you all, give V our love.

     

    Keep the Faith!

     

    Hail Hail!

  4. JFH – thoughts, prayers and best wishes to you and your good lady.

     

     

    Never mind who picked Sevco….i picked Chekski! 1 measly goal.

     

     

    Boo! Boo!

     

     

    Bhoy was camping this weekend at Auchengillen Sub-zero camp. 1000 kids there.

     

     

    1st night the pokes failed in their tent. Bent out of shape like an SFA Scottish Cup Sevco draw fixing midget.

     

     

    They spent 3 hours from 3.30am holding onto the canvas – 12 of them- at minus 5 degrees.

     

    Asked if he was worried, naw it was a good laugh.

     

     

    Oh to be young again!

  5. Lennybhoy

     

     

    I had to read it twice , could’nt believe you ,a coatbridge rebel , could take them knowing you want them to score few :( haha .

     

     

    Yes if your coming over just give me a wee text so i can organise things :)

     

     

    I’ll have the choccy biscuits in for me and M :)

     

     

    Hope C is still enjoying work .

     

     

    Catchye pal .

  6. The Dan drake interview is really special. Ta for that.

     

     

    I wonder who our oldest supporter is now, and what earl games they remember.

  7. JIMMYNOTPAUL on 12TH FEBRUARY 2017 8:15 PM

     

    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?

     

     

    ——

     

     

    Eh naw, ya rocket! :-)

     

     

    I had Man Utd this week with a joker so not the wisest decision!

     

     

    Mr Peter?

     

     

    Definitely not good at the moment but that’s not a change in attitude or circumstances from him.

  8. H.T.

     

    Good stuff.

     

    I was hoping you would respond,as you would probably gather I’m having a better day today. Onwards and upwards.

     

    Although you may say the patters not any better.

     

    Gerryfaethebrig.

     

    There you go you can rule out H.T. too. :-)))

  9. Went to see T2 tonight. Having read all the comments about the Ludge scene, honestly i cant believe how dumb Danny Boyle made them look.

     

     

    Also just thinking back to yesterday, I’m sure it was Moussa that cemented Billy King on the halfway line shortly after half time. Poor Billy didn’t look that injured to me but he couldn’t wait to get off all the same.

  10. MARSPAPA,

     

     

    While you are on this CQN blog thing chatting with all your ‘Sellik pals’ I am still waiting for you turning up to this ‘club for mature people’…

     

    OK, I was granted entry as a ‘respected friend of a committee man’ but gonnae hurry up and get here eh!

     

    Some of these dames are looking at me funny like and wanting to know who I know to be sitting at the front!

     

    Plus the bingo starts in a minute… The caller looks like yon gardener guy that ripped aff the monkeys…

     

    Knew I should have went to the PV…

     

    Well, you did suggest that I should start posting again!

     

    And I need to pre book trains for this week’s adventure…

     

    Senior Rail Cards are better than free Johnnies…

     

    Tried calling but no answer; maybe this wee piece of nonsence might get your attention (-:

     

    Regards & Hail Hail

     

    TBM

  11. MARSPAPA on 12TH FEBRUARY 2017 9:52 PM

     

    Just clarify it wasn’t goals for Shay I picked them for it was LMS, never pick them again. For the record I took the world famous this week and played a Joker…12 goals…:)

     

    Tunnock’s Tea-cakes remember…:)

     

    Yip C still enjoying work…if Jobo still needs that Joiner in 3 years time, he’ll be only too welcome, staff rates, none of your £70 call out…:)

     

    Keep the Faith!

     

    Hail Hail!

  12. Timreaper

     

     

    Was decking myself laughing at the T2 depiction of the Stickies! Soooo horribly accurate.

     

     

    Wee Billy King did indeed get put in his place e yesterday. Only after several of our Bhoys could have been seriously injured by ICT’s ‘robust’ challenges.

     

     

    HH jamesgang

  13. JFH, thoughts and prayers for your wife and a successful outcome on Tuesday. Stay strong for your family.

     

     

    HH

  14. Ffs

     

    Ulster skats???? Culture??? Bbc2 “A special relationship”

     

    It’s a dialect and a bad one at that. Anyway couldn’t be about culture as they haven’t burnt a sofa or lynched a fenian yet.

     

    Definitely having a laugh.

     

    HH

  15. What is the Stars on

    Had a cracking day at Leopardstown with Park Road ( Mr and Mrs) ….lovely people,hopefully they will both go to Lisbon

     

    Bitter cold day,but a couple of winners backed,and some Guinness helped.

  16. What is the Stars on

    Gearoid

     

     

    Ulster Scots

     

     

    You sir are an un reconstructed unrepentant fenian bas…etc

     

     

    And I agree with you 100%

  17. Thebarcamole

     

     

    Free Johnnies lol

     

     

    The wummin are giving you funny looks …no again, huv ye just cumoot the toilet an no tucked the big fella away .. :)

     

     

    Is that how they call ye Jamsie ? :)

     

     

    I’ll text you tomorrow oan the scottish number

     

     

    Goodnite pal ;)

  18. John Guidetti scores to put Celta Vigo 2.1 up against Athletico Madrid in Madrid.

     

     

    Good man John. Have to say we haven’t missed him though.

     

    ***

     

     

    Can’t understand why any Celtic man or woman would have any interest in this chancer. Should never have been here and glad he is history.

  19. Wits@10.41

     

    Correct sir. An unrepentant fb and proud to be so.

     

    Glad you had a good day. What yourself and Almore do with the cead mile failtes. No better men. HH.

     

    What gets me is Paul Govan as the Communities Minister provided “Marching bands” with 150k for new instruments while cutting 50k from the liafra project. An additional 1.9m for Ulster Scots and every address was an Orange Hall. All this while Education and Health getting shot to pieces. They certainly know how to look after their own (and that’s without pissing 480m away on the RHI project.

     

    Rant over. Up the hoops.

     

    Maybe get down for first day of the St Kevin’s tournament this year.

  20. WITS

     

    Thanks for a great weekend in Dublin , last night & today at races was great craic ! Good to meet Almore too , the Guinness is much better here !! Up the Dubs !!!

  21. What is the Stars on

    Gearoid

     

     

    Would love to meet you in Dublin and the St Kevins tournament is well worth a visit

     

    Unfortunately this year I will be in Spain for Easter

     

     

    Are you going to Lisbon for the 50th anniversary hootenanny