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.
1,217 Comments- Pages:
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Sir Walter……..
Plank.
Good evening friends. Only a few more sleeps ;-)
Mr 67 Can you get Mary’s meals to help Sevco.
lennon’s passion
NOT FUNNY!
.
An Dun
18:47 on
20 November, 2014
Phil is certainly blogging much more frequently these days about the sevco. Ominious times for any sevie.
..
Must be a Old Firm Game Coming Up..lol
Summa
.
Jobo Mobo Baldie
19:08 on
20 November, 2014
Good evening friends. Only a few more sleeps ;-)
..
Well Said Jobo..knew l was Not the Only one Looking Forward to the Big Match..
Only 76 Sleeps Mate..
KTF..
Summa
bournesouprecipe
17:51 on 20 November, 2014
We seek him here, we seek him there,
Those Sevco’s seek him everywhere.
Is he in heaven? — Is he in hell?
That damned, wee hero from Motherwell.
—
He’s from Motherwell. ‘Hasn’t he suffered enough?’
HH jamesgang
.
34 Comments on this Page so Far..
Only 2 Comments NOT About some Seemingly Deid Team or some New Team that we have Never played before..!!!!
The “Never Want Tae Play Th-ems Again” Brigade 32
Celtic Supporters Faithful through and through 2
l Really find this Strange..But then Again I’m probably the Only CQN’r with a Orange Couch..;-)
Summa of ObsessedWaySevcoCSC
.
Live Updates..
35-2
Summa
The Dallas Cowboys partnership,will surely be enough to bale the huns out…..
#bringbackchalls
36-2
Will ask again, guys, could anyone inform me what the statement is that the CQN raffle is for?
Bourne.
Wis that photo taken before the baldie bond flipped over tae the forces o darkness!!!.
bobby russell-in short,taking out an advert in Sunday Herald,nailing the’ same club ‘myth
Bobby.
Winning Captains is the man to ask.
He is trying to keep it under wraps. A rough draft was published on CQN, it received a lot of attention, he might private e.mail it to you.
Booby Russell –
It’s a full page advert in The Herald planned for late January. Laying out the FACTS of events since Valentines Day 2012. new club and all that. Don’t have a link to the latest wording I’m afraid.
Oops, sorry Bobby, an honest mistake, honestly!
Apologies.
BobbynotBoobyCSC
The Battered Bunnet
17.20 on 20 November, 2014
Thanks again for the reply, I have no legal background therefore I am unsure how the process works, however if Worthington can stand their claim up is it possible that Worthington will regain the assets and D&P will be obliged to reimburse all monies invested in the subsequent IPO?
I have a feeling that there’s a link between CW/Worthington and King which is yet to unravel.
ruggygman
18:13 on
20 November, 2014
Team for Saturday :
——————- C.Gordon—————–
Matthews. Denayer. VanDijk. Izzy
————Johansen. Mulgrew ———-
Forrest. Commons. Wakaso
——————Guidetti—
ruggyman,
`keeper and back four I agree. Not sure about the occasionally wonderful Kris now so I would go for something like this:
Forrest Henderson Johansen Mulgrew Wakaso
—————— Guidetti—
JJ
A fiver for…..CW.was previously involved with Worthington.but no longer.
.
sean t
Yesh Absholutely
If you go down to Ibrox today your sure of a big surprise.
If you go down to Ibrox today you’ll never believe your eyes.
Cause super Ally has no cash,soon no place to sing the sash
Todays the day the teddy bears have their pitch nicked.
So far, the Upper Tier is closed for the Salzburg game. The remaining, available seats in the Lower Tier are not the best as regards viewing. Is that the reason they are still available? If celtic opened the Upper Tier, would we sell more tickets? It is, after all, a meaningful game .
JJ
Jobo Mobo Baldie
19:47 on
20 November, 2014
Oops, sorry Bobby, an honest mistake, honestly!
Apologies.
BobbynotBoobyCSC
====================================
No offence taken, Jobi :-)
jamesgang
C̶r̶a̶i̶g̶ ̶W̶h̶y̶t̶e̶’̶s̶ ̶w̶e̶a̶l̶t̶h̶ ̶i̶s̶ ̶o̶f̶f̶ ̶t̶h̶e̶ ̶r̶a̶d̶a̶r̶
Craig Whyte’s off the radar
Mag mcgill….thats funny…laughing..
Bobby Russell @ 19:57
0:-)))
JJ
Out of xmas ideas for the kids?
Try Sevcluedo……..
‘it was the cripple, in the boardroom, with the cheque book!’
BSR @ 19:57
…..and so was that 0:-) 1957 was obviously a good year for humour.
JJ
Maggie McGill for Poet Laureate
Margaret McGill is Emily Dickinson’s love child.
…..and yours, Maggie!
JJ
Magsmcgill@19.59
Pure Kwality
Nickin’ down to Sainsbury’s for milk. Embdy need anythin’?
Another cracker!
https://twitter.com/rhebelrhebel/status/534741973593522177
Right. That’s Christmas sorted for my wee free, daily express-reading, no-voting auntie from the highlands!
HH jamesgang
Jobo
They do a lovely granary loaf. Thick cut. Best supermarket loaf out there IMHO.
Great seeds on top to adorn your tash!
HH jamesgang
Rumour has it that Craig Whytes mobile has been hacked by The Sun.
They topped it up with a tenner first.
I had the radio on there while showering and lucky I was near the loo as I think I would have peed myself at the guff coming from Delahunt et al. Within one call the current Sevco side were compared to the Real Madrid 7-3 team and then to the current Man U side. The caller then questioned the pie mans tactical nous only for the Neanderthal Dalziel to jump in to protect his mate blaming the players for not changing their tactics at the weekend. Surely even he would expect the caller to ask “isn’t that the managers job”. Comedy gold