Malky, Craig, redundancies

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I got it wrong on Malky MacKay.  In August I wrote, “Malky’s unforgivable sin is not racism, homophobia or anti-Semitism, these matters are often overlooked as ‘banter’, after all.  He’ll not get another job because he blew millions on players who were useless to Cardiff.  That’s the only kind of offence football really tales notice of.”

Then up stepped Dave Whelan, a man who is widely respected in the sports retail and football, largely for not being Mike Ashley, but who has watched his club slip from the Premier League and now sit in a relegation spot in the Championship.

Football is harsh enough without clubs creating their own distractions.  Wigan and Malky are unlikely to prosper.

So Craig Whyte faces up to four weeks in jail if/when he is arrested.  You have to wonder what his police interviews will reveal.  Craig doesn’t strike me as someone to take a fall for anyone.

Redundancies are sometimes necessary for a company losing money and without the resources to pay bills, but Newco Rangers cutting the payroll by 10, none of them from the well paid football department, is pointless tokenism.  Savings made will keep the lights on for only a few days more, so why do it?

I have some sympathy for their new management.  They need to make significant cuts into football costs, but those costs are contracted to the end of the season, or beyond, these cuts are perhaps a gesture towards what’s ahead.

Management have a problem, how do they meet commitments to creditors and protect shareholder value?  No bank has ever extended credit to this club, and I suspect HMRC have them on a short leash.  There will be some trade creditors, but they are likely to be of the face painter variety.  By far the biggest creditor, and therefore most influential after an insolvency event, is Mike Ashley.  He would be in a position to appoint an administrator, and to approve any settlement.

Dave King continues to play an important role, encouraging fans not to support or spend with the club.  I fully endorse his views.

King still thinks he is playing poker but his hand has been called and we all know he’s all out of aces.  His rantings are not part of a coherent plan.  His calls could precipitate the end, but he has no way of transforming this into a new dawn.

Remember to keep an eye on the long-term fundamentals, you cannot operate a large football club with the size of Newco’s infrastructure without regular Champions League income.  Nothing that has happened in the last three years has changed this.

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  1. Saint Stivs

     

     

    It’s a prerequisite to being a Tim. Sometimes I enjoy being in this city. It’s a different vibe. Going out and about for drinks is usually a pleasure. It’s pricey but a pleasure. Conversing with tourists is nice. It’s enjoyable.

     

    Other times and a lot of the time I hate this city. The undercurrent of snobbery and establishment. It is a clique.

     

    This guy would love to even the score which he won;t because I am not that stupid and he has nothing on me. I have an email trail saved at home on a word document where he lambasts me for being a terrorist lover and that RC priests are scum. That is squirreled away for insurance purposes. The stupidity and the rage that this guy has shown over a period to me was let go as I was building my evidence and waiting for his big mistake. Did I follow him when I went out to view the pope? I will let you make your own decision on that one.

     

    This guy is one of the main reasons I have no time for the diets. I know a few very decent guys who support Hearts but like the Huns that support are Hunnish when thrown together.

     

     

    LB

  2. H Paul O’Donnell @HPaulODonnell · 7m 7 minutes ago

     

    Questioner up next back to minimum wage. Chairman getting pressed on how many employees are not on the living wage. 180 says Peter #ticagm

     

     

    Celtic Trust @TheCelticTrust · 14s 14 seconds ago

     

    Ronny – Medical team doing ok. Not great, not bad. We do well but can do better #ticagm

  3. Celtic Trust retweeted

     

    Mark Cameron @leftybhoy · 20m 20 minutes ago

     

    Poll called for on living wage. #ticagm

  4. geordie munro

     

     

    11:44 on 21 November, 2014

     

     

    Your right mate it’s been talked to death on here, first it was we should pay a living wage, now it’s put a plaque up to show everybody, what’s next big flag covering the north stand saying we pay a living wage. As you say pay it and move on HH

  5. Celtic Trust @TheCelticTrust · 15s 15 seconds ago

     

    Floor- I don’t want this club to be involved in any dodgy deals. Integrity of the game paramount. Bankier agrees #ticagm

  6. RD says medical team are doing ok!!!!

     

    That’s really not on , we should have better than ok.

     

     

    No wonder we have so many long term crocks

  7. Celtic Trust @TheCelticTrust · 5s 5 seconds ago

     

    Lawwell – lot of work behind scenes. We don’t publicise it all, don’t want to inflame things. Bombs and bullets gets a mention #ticagm

  8. blantyretim is praying for the Knox family on

    Im afraid the CT ae letting our ceo off the hook by continually going on about the living wage and not pinning him down on his figures..

  9. Celtic Trust @TheCelticTrust · 20s 20 seconds ago

     

    Lawwell not happy, trying to find out who’s making decisions in council. Club committed to safe standing #ticagm

  10. SydneyTim

     

     

    Hope you catch this. I’ll be in Sydney from 6th December for 5 or 6 days.

     

     

    I’ll try and find your email and drop you a line, but failing that, well I suppose I’ll just wander into the Cheers bar.

     

     

    Hail Hail

     

     

    Estadio

  11. “How does PL get away with, we invest every penny we bring in on the team.

     

     

    That’s just not true”

     

     

    Burghbhoy,

     

     

    It probably doesn’t mean if x goes for £10m we buy y for £10m.

     

     

    Training facilities, youth, team coaches ‘n stuff will all be factored in

     

     

    Still seems a bit shy though.

  12. 2 minutes ago

     

    Lawwell – lot of work behind scenes. We don’t publicise it all, don’t want to inflame things. Bombs and bullets gets a mention #ticagm

     

     

    Another DR Headline I would think .. but who reads it anyhow ?

  13. I hope as a result of Celtic paying the living wage to full time employees that NOONE GETS A PAYCUT!!!!

  14. 20 seconds ago

     

    Fan asks about standing area progress. PL “We are very frustrated by the response from Glasgow City Council & Holyrood Govt, we fight on”

  15. Have I misread the updates. I thought the Living Wage Issue had been done & dusted to everyone’s satisfaction.

  16. Celtic Trust @TheCelticTrust · 43s 44 seconds ago

     

    Ronny be careful when talking to SMSM. Ronny claps :-) #ticagm

  17. Philbhoy

     

    12:05 on

     

    21 November, 2014

     

    I hope as a result of Celtic paying the living wage to full time employees that NOONE GETS A PAYCUT!!!!

     

     

     

    —————–

     

     

    PL should get a paycut, his rangers cost 10m shite

  18. matt mcglone‏@MattMcGlone9·2 mins2 minutes ago

     

    Fan offers advice to Ronny “be very very careful when you’re talking to the Scottish Press” Bankier replies ” I think he’s worked that out”

  19. Celtic Trust @TheCelticTrust · 4s 4 seconds ago

     

    Lawwell – Team in transition, not an excuse but an explanation. We cannot afford to but top class players, strategy stands. #ticagm

  20. Corkcelt,

     

     

    All full time employees will get it.

     

     

    Part time and agency workers won’t get it.

     

     

    Club will pay it but won’t sign up to it.

  21. Celtic Underground‏@celticrumours·30 secs31 seconds ago

     

    PL – “If there was 1 disappointment it would be the lack of academy players who’ve come thru last 3-4yrs” #ticagm

  22. Livibhoy

     

     

    I take my family into Edinburgh on a regular basis.

     

     

    Love the pubs and choice of restaurants.

     

     

    The only problem is that the last bus to my home town is 6:30pm on a Saturday!

     

     

    Otherwise it’s a train and a taxi.

     

     

    Cafe Andaluz the current favourite.

  23. Celtic Trust @TheCelticTrust · 22s 22 seconds ago

     

    RD – Main thing is to keep players like Gudetti and Denayer #ticagm

  24. Snake Plissken–you’ve lost it. Because someone voted differently from you doesn’t make them stupid. Sign of the Cross?—A name should tell you all you need to know. Artur Boruc.

     

    Remember patriotism is the last refuge of the scoundrel.

     

    1.–Lose all criminal records of a sectarian nature

     

    2.–Pass Bill on sectarian behaviour, giving police carte blanche in such matters.

     

    3.–Do this after a football match when such behaviour came from one side only.

     

    4.–Make no issue of a sectarian attack on a football manager.

     

    5.–Ditto re same manager being sent bombs and bullets.

     

    6.–Lobby HMRC on a football club stealing money from taxpayers.

     

    7.–Ignore wholesale lending from country’s leading bank to fund a football club.

     

    8.–Let a publicly funded body–the SFA–ignore football supporter’s asking for clarity over football matters.

     

     

    I could be on here all day making lists of questions, but there is one unifing thread running through all this. Anybody see what it is?

  25. Celtic Trust @TheCelticTrust · 7s 7 seconds ago

     

    RD – Wage structure important in dressing room #ticagm

  26. Celtic Underground‏@celticrumours·6 secs7 seconds ago

     

    RD -Better to sign 2 good players than lots pf average #ticagm It’s about getting quality to help the academy players

  27. St Stivs

     

     

    I think the loss of the huns income can be more than balanced by our participation in the CL Group Stages.

     

     

    We just need to make sure we QUALIFY!!!!!

  28. Broony getting a huge pat on the back from RD

     

     

    Celtic Underground‏@celticrumours·1 min1 minute ago

     

    RD – If we had 11 Scott Browns it would be hard to beat Celtic. He is unbelievably important to team. A great role model #ticagm

  29. Celtic Trust @TheCelticTrust · now

     

    Lawwell – New scouting system being set up with Ronny, Ronny says we will always try to play with Scottish players were poss #ticagm