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.

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  1. Jobo Mobo Baldie on

    jamesgang –

     

     

    If truth be told I am indeed a Granary loaf man for my pieces at work (Mon – Thu). But I’ve tended to stick to Hovis (original) or when the pennies are tight Aldi’s ‘Seed Sensations’. But might give the Sainsbury’s one a go next week, on your recommendation.

     

     

    On Friday’s I nick home for soup and a decent squint at CQN.

     

     

    Anyway, what was I doing. Oh aye, milk…

     

     

    probablyalotmoreinformationthanrequiredCSC

  2. the glorious balance sheet on

    I`ve noticed over the last few days that when BBC and STV show archive footage of Craig Whyte from his time in charge at Mordor, editing slight of hand has been applied so that his then right hand man Ali Russell`s face is distorted. (In much the same way that the victims of crimes/ minor`s faces are obscured in the coverage of court cases).

     

     

    Does anyone know if this is significant? I wonder if Russell is going to be getting a visit from Plod soon?

  3. the glorious balance sheet

     

     

    Do you mean pixelated?

     

    Or contorted in pain like whytie’s grabbed his bits n bobs?!?

     

     

    ;-)

     

     

    HH jamesgang

  4. I read Phils blog.

     

    Immediately thought bout

     

    the rush for ‘extras’ in the primary school dinnshy queue when it was ice cream and Jelly.

     

    Lifes full o wee circles

     

    :-)

     

    HH

  5. jamesgang

     

     

     

    20:18 on 20 November, 2014

     

     

     

    the glorious balance sheet

     

     

    Do you mean pixelated?

     

    Or contorted in pain like whytie’s grabbed his bits n bobs?!?

     

     

    ;-)

     

     

    HH jamesgang

     

    ————————-

     

     

    That Craig Whyte will knick anything – he’s a little bit wooooo, a little bit waaaaayyyy

     

     

    FastShowCSC

  6. the glorious balance sheet on

    Jamesgang –

     

     

    Pixellated, that’s exactly the word I was looking for. As soon as I made that post I realised I was barking up the wrong tree asking people if they saw anything out of the ordinary about a hun having a distorted face! :)

  7. From BBC website

     

     

    Sheffield United have announced that they have retracted their offer to let convicted rapist Ched Evans to use their training facilities.

     

     

    HH jamesgang

  8. bournesouprecipe on

    ” I think Ally will be o.k. if he can keep the nuclear of his squad ”

     

     

    Gordon Dalziel

  9. I think Wallace and McLeod are 2 o definite saleable assets in the 3 mentioned by Phil.

     

     

    I cannot believe that the permanent sub, Templeton, is the 3rd.

     

     

    It is more likely to be that triple barreled name guy they are always asking about…..

     

     

     

    Albion Carr-Park

     

     

    He’s worth millions!

  10. Dallas Dallas where the heck is Dallas on

    Jimmynotpaul, John C’s boy in the Scotland U/16’s squad for the game v England getting played the now.

  11. Dallas.

     

    Thanks for that.

     

    Was watching sound of the 80s on I. Player. Have turned it over to the football.

  12. the glorious balance sheet on

    BSR 2031-

     

     

    Someone better tell Dalziel that John Polaris McDonald hung up his boots many years ago!

  13. bournesouprecipe on

    tgbs

     

     

    Nicely done, forgot about him,….he was obviously also in Dalziel’s SUBconcious,

  14. Jimmynotpaul

     

     

    Lol I had 2 lunches at Bellarmine

     

    One in first year pie beans n chips

     

    Other in 4th …. yup pie beans n chips.

     

    The pots looked similar :-)

     

    I opted to run, jog , sprint home for lunch….pendin which was the daily territorial issue.

     

    Hope your well bhud

     

    HH

  15. Dallas Dallas where the heck is Dallas on

    South of Tunis, sad news about Jimmy Ruffin passing away.

     

     

    He and his brother, David, former lead singer in the Temptations, had great voices.

     

     

    Dexy’s did a track on their Don’t Stand Me Down LP call Reminisce Part 1 with Jimmy’s, I’ll stay forever, part of the song.

     

     

    The last track I can think of involving Jimmy was Soul Deep with the Style Council, Junior Giscombe & Vaughn Tolouse in 1985 to raise funds for the miners plus the widow of a taxi driver killed by some for taking a miner to the pit where he worked.

     

     

    There will be some serious great voices jamming in the afterlife.

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

    CQN Predictor Champions League

     

    Match day 5

     

     

     

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