Malky, Craig, redundancies

1217

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.

Click Here for Comments >
Share.

About Author

1,217 Comments
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. 9
  11. ...
  12. 32

  1. bournesouprecipe on

    sixtae

     

     

    “Fat will be trimmed in the football department and Mr McCoist has been made aware of it”

     

     

    SubtleStuff CSC

  2. The Comfortable Collective on

    bournesouprecipe

     

    17:34 on 20 November, 2014

     

     

    “ALLEGATIONS that Glasgow City Council broke the law in historic land deals involving Celtic Football Club cost taxpayers £280,000, it has emerged.”

     

     

    _____________

     

     

    That is a scandalous waste of public money.

     

     

    That £280k had been earmarked to upgrade the subterranean rail link between Celtic Park, the City Chambers and the Vatican.

  3. Team for Saturday :

     

     

    ——————- C.Gordon—————–

     

     

    Matthews. Denayer. VanDijk. Izzy

     

     

    ————Johansen. Mulgrew ———-

     

     

    Forrest. Commons. Wakaso

     

     

    ——————Guidetti——————-

     

     

     

    Few, questions marks I guess regarding Commons fitness… However, I’m hoping Wakaso starts ahead of Stokes…. I feel he will be on a high after performing so well for Ghana.

  4. Wallace back up for Izzy, McLeod back up for Forrest and McGregor. Templeton behind Tonev and Derk.

     

    I think three quarters of a million max.

  5. big-cup-winners

     

     

    18:12 on 20 November, 2014Now you know why the boy MacLeod has been “bigged up” so much

     

    maybe why Gordon Wancell said on Snyde he was a £5 mil player….no laughing at the back now….

  6. Rumours abound that McAskill will be removed from post of Justice Secretary in Sturgeons reshuffle tomorrow.

  7. Just read back on some of the posts re, sellable assets at Rangers….

     

     

    Templeton has went backwards since joining them… Sellable asset? Nah, I’d reckon 150k/200k Max…… Same would be said of Dean Shiels, Rickie Foster, Nicky Law. These guys would struggle to fetch more than 150k

     

     

    As for Lee Wallace…. 350/450k Max…… And again, the boy McLeod can’t seriously be rated any greater than that either.

  8. Not matter how much Gordon Daziel bigs them up…… “Top top top” player.

     

     

    Aye right Gordon

  9. Paul67 et al

     

     

    Word on radio 5 is that David Conn of the Guardian may be about to reveal that Dave Whelan himself has made similar remarks/comments to those made by Malky Mackay. If true, disastrous decision by Wigan to hire Malky at this point. Things are bad already for Wigan, but look like getting worse.

  10. GlassTwoThirdsFull on

    Leftclicktic

     

    Interesting stuff. King is actually on record as saying he wanted the CVA to fail.

     

    bbc.co.uk/sport/0/football/18360427

  11. The Macleod to Newcastle for “mulllyins” manoeuvre

     

    in Agent patois is, I believe now, referred to as a

     

    “Jean-Alain”.

     

     

    Aye.

  12. Phil is certainly blogging much more frequently these days about the sevco. Ominious times for any sevie.

  13. Coming soon to a radio near you ……..

     

     

    “Lewis McLeod is in with a shout for Player of the Year” splutters Chic Young.

  14. When challenged by Willie Miller, Chic insists that McLeod meets the criteria ……. plays for Sevco and ah but thingummy plus how no !

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. 9
  11. ...
  12. 32