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. Smart Exit 2 15pm.

     

     

    Both runners from the Robeson yard should run well today. Smart Exit in great form at home. Will love the ground. Cloonacool is a crazy horse but going right handed today will suit. Worth 2 singles and a double.

     

     

    Gl all.

  2. As Fleagle says fantastic racing today.

     

    Ruby Walsh giving up 4 Mullins winners at home to ride at Ascot, so maybe a first and last double to go with Faugheen?

     

     

    Cannot decide so I will go with

     

     

    MOLITO DU BERLAIS 1:15 Haydock nap

     

     

    Good luck everyone.

     

     

    EC67

  3. twists n turns

     

    06:37 on

     

    22 November, 2014

     

    Smart Exit 2 15pm.

     

     

    Both runners from the Robeson yard should run well today. Smart Exit in great form at home. Will love the ground. Cloonacool is a crazy horse but going right handed today will suit. Worth 2 singles and a double.

     

     

    Gl all.

     

     

    Cloonacool wins at 11/4

     

    guess who never bet it :((

  4. Celticrollercoaster supporting Shay,our bhoy wonder along the way on

    Need a win, need a win

     

     

    Taquin Du Seuil

     

    3.00pm

     

    Haydock

     

     

    HH

     

     

    CRC

  5. Great start so far.

     

    Ruby in the first, Twisty’s in the second, one happy Gazebo coming up, hopefully.

  6. No lover of this falling at the last running but like to watch it on the box. So more in hope than anything else, I’m going with RENARD… 3:35 Haydock…

     

    Regards & Hail Hail… TBM

  7. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    APOLOGIES AGAIN FOR POSTING THE SELECTION FROM COSYCORNERBHOY

     

     

    DOUBLE ROSS. 300

     

     

    Good news is he’s back home shortly.

  8. As Fleagle says fantastic racing today.

     

    Ruby Walsh giving up 4 Mullins winners at home to ride at Ascot, so maybe a first and last double to go with Faugheen? 07:22 on 22 November, 2014

  9. Just home from match to find Mullins 4 winners at G Park and Ruby 3 winners at Ascot.

     

     

    Guess who doesn’t do accumulators?

     

     

    EC67

     

     

    Thanks to Twisty for early winner

  10. CQN Saturday Naps Competition : WEEK 15 results (22nd Nov)

     

     

    Gweedore Celt was the man to follow this week, with Silviniaco Conti @10/3.

     

     

    Other winners : Che (Semaral @3/1) and green T (Four Seasons @1/1).

     

     

    +£35.00 TheBarcaMole (4)

     

    +£25.00 Eurochamps67 (7)

     

    +£15.13 Che (6)

     

    +£ 8.50 Bada Bing (4)

     

    +£ 6.88 voguepunter (3)

     

    +£ 6.00 tommytwiststommyturns (1)

     

    +£ 2.58 leftclicktic (4)

     

    +£ 2.50 BULL67 (3)

     

    -£ 0.63 PFayr (4)

     

    -£ 0.75 fleagle1888 (3)

     

    -£ 2.80 Nye Beavans rebel soldier (2)

     

    -£ 4.00 Raymac (2)

     

    -£ 4.17 green T (3)

     

    -£ 4.50 twists n turns (3)

     

    -£ 5.00 hashadenough (2)

     

    -£ 5.00 Hotel de Paris (1)

     

    -£ 5.40 Jobo Baldie (3)

     

    -£ 6.17 Gweedore Celt (2)

     

    -£ 6.50 BMCUWP (1)

     

    -£ 8.38 Burgas Hoops (2)

     

    -£ 9.00 Cosy Corner Bhoy (1)

     

    -£ 9.00 Zihuatanejo (1)

     

    -£ 9.50 Cathal (1)

     

    -£ 9.52 What is the Stars (2)

     

    -£10.00 21-5-79 (1)

     

    -£11.25 som mes que un club (1)

     

    -£11.75 Hutchybhoy (1)

     

    -£12.25 16 roads (1)

     

    -£12.38 Rockon (1)

     

    -£15.00 ABZMike

     

    -£15.00 Celticrollercoaster

     

     

    *No selection posted (wk 15) : 21-5-79, ABZ Mike, Hutchybhoy

     

    *Non-Runners (wk 15) :

     

     

    Cheers, fleagle1888

     

    (Bangalore CSC)