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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1,217 Comments

  1. Tom McLaughlin:

     

     

    “It even got to the stage were another CQN veteran decided to break off his long-running personal friendship with Macjay . . . over a difference of opinion?

     

     

    I’ll ask again… who are you talking about?

  2. Bobby. Exactly. The figure is a fantasy. Made up nonsense to suit PLs hun loving agenda.

     

     

    Horrid Henry you know nothing about me but I would bet I am far more qualified to understand what celtic are and are not doing than your good self.

     

     

    Doffing your cap in the manner you are doing helps no one.

  3. bobby murdoch’s curled-up winklepickers @ 13:00

     

     

    Not the nicest of images to stumble upon, sorry about that.

     

     

    Got to be one of the worst/best album covers of all time!!

     

     

    HH

  4. Phil MacGiollaBhain‏@Pmacgiollabhain·2 mins2 minutes ago

     

    This consultation will be with permanent employees only.

     

    Part time and zero hour contract staff will not be part of that process

  5. Tom McLaughlin:

     

     

    “It even got to the stage were another CQN veteran decided to break off his long-running personal friendship with Macjay . . . over a difference of opinion?

     

     

    I’ll ask again… who are you talking about?

  6. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    GUNNED=GUBBED

     

     

    Bliddy Apple products do ma wee brain in. I was never taught secretarial skills at school,in my day that was for girls.

     

     

    Now that I’ve got a rudimentary knowledge of how to type,I keep getting undermined by some piece of electronic wizardry which disnae recognise guid Scots words and phrases.

     

     

    Pisses me right off.

     

     

    Especially as the company built their success on a MAC!

  7. Tom McLaughlin

     

    13:18 on

     

    21 November, 2014

     

    Saint Stivs –

     

     

    Read my post again. It wasn’t my words.

     

     

    —————

     

     

    I know bud, my point is MacJays stance on everything was that the CT are anti celtic and influenced by external forces.

     

     

    They are a group of shareholders.

     

     

    Thats why I argue.

     

     

    and i like a wee bit of argument.

  8. Phil MacGiollaBhain‏@Pmacgiollabhain·23 secs24 seconds ago

     

    Peter Lawwell believes that there is a “potential” conflict of interest with Mike Ashley at Ibrox.

     

     

     

    Phil MacGiollaBhain‏@Pmacgiollabhain·2 mins2 minutes ago

     

    Peter Lawwell refers to “Rangers as now”…

     

     

     

    Phil MacGiollaBhain‏@Pmacgiollabhain·3 mins3 minutes ago

     

    Peter Lawwell. “Gordon Strachan way off the mark “(about league reconstruction).

  9. mullet and co 2 on

    You could ride a coach and horses through that 10 million statement to the extent you could add 5 million to it and the lie would just be slightly more wrong than completely wrong.

     

    I don’t agree with neganon on a lot but God almighty it is serially frustrating to read our club repeat this lie. Do the club not read supporters forums or do they just listen to radio Clyde?

     

    What liabilities do we have coming up that require us to hold cash?

     

    Is Lawell so deluded that the return of Rangers is his only strategy.

     

    Trust the fans, trust the ethos and put a team on the park capable of competing in Europe and they will come.

     

    The onus should’ve be on European football with nominal prices for league games. Sell a European season ticket with rewards that allows those that buy it to get heavy discounts should Celtic progress.

     

    15 quid a ticket for home league games.

     

    Either that and or review tv coverage and stop Celtic tv and of anyone else who broadcasts to put a stop to the links!

     

    Get some proper catering in that you can buy without standing for half an hour to get served.

  10. Jobo Mobo Baldie on

    **LAST MAN (OR WOMAN) STANDING 2 – THIS WEEKEND’S PICKS**

     

     

    The 15 remaining competitors have made their choices. So none have been given the default team, Zombies FC ;-)

     

     

    Hopes are riding on the following choices –

     

    Celtic (5)

     

    Dundee Utd (4)

     

    Hamilton (3)

     

    Inverness (1)

     

    St Johnstone (1)

     

    Aberdeen (1) – playing on Sunday.

     

     

    It is possible that all 15 will still be standing come Sunday evening.

     

     

    Good luck all.

     

     

    Jobo

  11. kitalba said:

     

    Tom McLaughlin:

     

    “It even got to the stage were another CQN veteran decided to break off his long-running personal friendship with Macjay . . . over a difference of opinion?

     

    I’ll ask again… who are you talking about?

     

     

    Macjay.

  12. NegAnon2

     

     

     

     

    13:02 on

     

     

    21 November, 2014

     

     

     

     

    Rangers cost us 10m a year. Pure unadulterated fantasy.

     

     

    PL is lying.

     

     

    No discussion on his bonus.

     

     

    No learning lessons.

     

     

    Complacent and arrogant and hankering for our return for us to the back of the bus.

     

     

    Res12 they have mired in bureaucracy. And honest they are working behind the scenes. Yeah right.

     

    People not turning up purely down to lack of competition.magain complacent and lazy.migmoresncrap team performances.

     

    ==============

     

    Has it ever occurred to you that without the information to back up your statements you could be accused of lying?

     

     

    As regards Res12 I think you are. In fact I know you are for a lot of hard work has gone on, will continue to do so and you do those working on shareholders behalf enormous discredit with statements like that without knowledge and indeed foundation.

     

     

    Wise up.

  13. west of ireland csc on

    reading phils tweets

     

    that tight wad bankier still doesnt want to pay the living wage to everyone

     

    this is really pathetic on behalf of celtic

     

    what would brother walfrid think??????

  14. mullet and co 2 on

    It would be useful to get Bankiers actual thoughts as opposed to someone else’s opinion and pre judgement.

  15. pedrocaravanachio67 on

    DENA29

     

     

    Is it tomorrow’s game yer in wi the prawn sandwich brigade?

     

    If so, have a great time.

     

    Pedro.

  16. I dont think the whole of the SPFL are down £10m a season from there being no rangers enitiy there.

     

     

    revenues up at many clubs,

     

     

    he doesnt half talk some shite does the PL fella.

     

     

    agenda, agenda, agenda

  17. Am I reading it right. Has Ronny said we need to break the wage structure to keep Guidetti and possibly Denayer.

  18. I knew this, lurking HUNS, GIRFUYs

     

     

    All surviving accounts were written by enemies of the Huns, and none describe the Huns as attractive either morally or in appearance (the Huns were illiterate and thus kept no records).

     

     

    Jordanes, a Goth writing in Italy in 551, a century after the collapse of the Hunnic Empire, describes the Huns as a “savage race, which dwelt at first in the swamps, a stunted, foul and puny tribe, scarcely human and having no language save one which bore but slight resemblance to human speech.”

     

     

    “They made their foes flee in horror because their swarthy aspect was fearful, and they had, if I may call it so, a sort of shapeless lump, not a head, with pin-holes rather than eyes. Their hardihood is evident in their wild appearance, and they are beings who are cruel to their children on the very day they are born. For they cut the cheeks of the males with a sword, so that before they receive the nourishment of milk they must learn to endure wounds. Hence they grow old beardless and their young men are without comeliness, because a face furrowed by the sword spoils by its scars the natural beauty of a beard. They are short in stature, quick in bodily movement, alert horsemen, broad shouldered, ready in the use of bow and arrow, and have firm-set necks which are ever erect in pride. Though they live in the form of men, they have the cruelty of wild beasts.”[37]:127–8

     

    Jordanes also recounted how Priscus had described Attila the Hun, the Emperor of the Huns from 434-453, as: “Short of stature, with a broad chest and a large head; his eyes were small, his beard thin and sprinkled with grey; and he had a flat nose and tanned skin, showing evidence of his origin.”[38]

     

     

    Artificial cranial deformation was practiced by the Huns and sometimes by tribes with whom they influenced.[39][40][41][42] However, Ammianus may have been incorrect in saying that the facial scars dated from infancy. Maenchen-Helfen writes: “Ammianus’ description begins with a strange misunderstanding … This was repeated by Claudian and Sidonius and reinterpreted by Cassiodorus. Ammianus’ explanation of the thin beards is wrong. Like so many other people, the Huns inflicted wounds on their live flesh as a sign of grief when their kinsmen were dying.”[43]

     

     

    The description of Huns given by the Romans has prompted historians to believe they were of East Asian origin. Denis Sinor, noting the paucity of anthropological evidence, wrote that “there is no reason to question the basic accuracy of the western descriptions, and the absence of massive supporting evidence by physical anthropology cannot weaken the point they so tellingly make. It is the unusual that most attracts attention,.[44]

  19. Jordanes,

     

     

    a bit racist .

     

     

    leave the original huns alone, thats a lot of peoples ancestors ye know

  20. mullet and co 2 on

    St Stivs, I’d like to think Ronny has said you can get rid of all that crap John Park has brought in and the money saved on wages should go to proper footballers.

     

    I like the soins of a new scouting strategy!

  21. Another mute point from PL. We don’t so we aren’t, Why bring this up again ?

     

     

    Reiterated at the Press conf.

     

     

    Phil MacGiollaBhain‏@Pmacgiollabhain·3 mins3 minutes ago

     

    Lawwell now stating that if Celtic had the same media revenues as EPL then the Parkhead club would be up there with Man United.

  22. Bobby,

     

     

    I think in the main, part of the 10m comes from the 100 quid discount on our season books and part from thems not paying 40 quid twice year for 7500 fans.

     

     

    Wee bit from telly, Wee bit from elsewhere

  23. hebcelt

     

    09:40 on

     

    21 November, 2014

     

    bankiebhoy1 I have it on good authority that wee Judith is partial to a wee bit of the old Stornoway Black!!! Hail Hail Hebcelt

     

     

    ……………………………………………………………

     

     

    Allegedly!

     

     

    ;)

     

     

    HH.

  24. Saint Stivs

     

     

    3/4/5 plus games against them previously probably do amount to that amount of cash with TV, ticket sell outs, merchandise a season, I doubt its far wrong, anybody got rough figures?

  25. Geordie Munro

     

     

    Did you factor in the cost of repairs to our stadium after these games?

     

     

    :-(

  26. “Did you factor in the cost of repairs to our stadium after these games?”

     

     

    Philbhoy,

     

     

    Ha. ;)

     

     

    Clubs agreed some time ago that visiting clubs pay for visiting fans damage I believe neebs.

  27. Lots of things to factor into the £10m figure.

     

     

    Sponsorship round the ground.

     

    Corporate whether it be one off or for the season. How many companies dropped Celtic FC & Ibrokes from their corporate portfolio when the Huns went bust? They can pick and choose now rather than guarantee their spot.

     

    Shirt sponsors.

     

    People buying merchandise on strength of new Hunskelpers or skelper.

     

    £100 season ticket discount.

     

    Lack of build up. Games usually have a bigger crowd before and after these matches.

     

     

    I don;t have to agree with Mr Lawwell but have to respect he knows best with the numbers in front of him.

     

     

    LB

  28. Neganon2…you gave me the OB act and nothing else specific regarding secterianism in SCOTLAND ,,i agree with you on that ..what more to say…you wil find bigotry and secterianism in every country (dont make it rigtht i know)..

  29. The fact of 7500 huns paying possibly £42 each twice a season is only part of it.

     

     

     

    Oor lads paid for and filled up the remaining seats.

  30. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    GEORDIE MUNRO

     

     

    Good answer!

     

     

    However,IIRC the discount was stated at the time as a loyalty bonus-though probably not in those words!

     

     

    I don’t recall it being used as a ‘Sorry there’s nae huns here’ refund.

     

     

    As I said,I loved every bit of playing them,I really did. Now that the games I see are determined by who we play when I’m home,I still love going to watch my team.

     

     

    I think most of us go for a Celtic dayooooot,opposition is immaterial. And you’d be surprised how many never want us to play that lot again.

     

     

    So will PL,I reckon….