Bernstein and King Resign from the Board

[brian green]

More of a blazing row I suggest CL.

[Bestmate]

I cant see these 2 guys resigning over a thick kid like Gabby. More like funding is not going to be in place for the new manager.

[ChicagoLion]

More of a blazing row I suggest CL.

I think MK comment urging them to sell quickly suggests that the situation is ungovernable under its current ownership.
That is one hell of a rift.

[ChicagoLion]

I cant see these 2 guys resigning over a thick kid like Gabby. More like funding is not going to be in place for the new manager.

Gabby is a total irrelevance as far as this matter is concerned.

[brian green]

Having slept on it I still think the cause of the boardroom bust up was over money.  King and Bernstein agreed to come in on the basis of financial assurances received from Lerner.  The owner has plenty of form for not delivering on financial promises so when King and Bernstein wanted to activate the funding, perhaps to secure Moyes, perhaps to terminate Gabby's contract Lerner baulked at the cost.  This in turn exposed the sham that Lerner was taking a back seat and that double deception made King and Bernstein very angry.  Lerner has got away with broken promises in the past because he has done it to lesser men than King and Bernstein.  I imagine he is a very worried man this morning.

The broken promises about money go right back to Lerner's early days at the club when he overspent incurring the wrath of his family.  This is the end game for him.  He is not a good enough businessman to save his investment because it would take a lot of time and hard work.  He will take the weak option and run away.

Five years ago I would have dreaded chicken farmers walking into the club but losing the services of two men like King and Bernstein so needlessly has put Lerner in the same bracket so it does not matter any more.

[Phil from the upper holte]

I don't understand why if he is desperate to go did he cancel 2 potential buyers? According to the article

[brian green]

There is some reason why Lerner is under some heavy financial pressure I suspect.

[ChicagoLion]

Agree Brian, Lerner has been able to fool a lot of people most of the time.
I heard that during sales negotiations that Lerners attitude was less than helpful.
He has been described as unreliable and aloof.
You are right, he would give Indian chicken farmers a bad name.

[ChicagoLion]

There is some reason why Lerner is under some heavy financial pressure I suspect.

A few years ago when the BAML shares had tanked, but not now unless he has made some crazy investments.

[ciggiesnbeer]

I cant see these 2 guys resigning over a thick kid like Gabby. More like funding is not going to be in place for the new manager.

Gabby is a total irrelevance as far as this matter is concerned.

Or anything related to football any more. Sadly.

[brian green]

Crazy investments?  This is Randy Lerner we are talking about.  The Wildebeest of Wall St.

[garyfouroaks]

A deeply depressing turn  of events.

Bernstein and King offered some credibility, and know how, to the Board, in the same way that Broughton did when Gillett and Hicks had lost the plot at Liverpool.

[brian green]

This confrontation between Lerner and the board may go right back to January when funds were not forthcoming to back Remi Garde.  I know the board then was different but I suspect King and Bernstein made it clear to Lerner via Hollis that they were not going to stand for that sort of bollocks.

[mr underhill]

The longer this plays out the more desperate Lerner will become.It wouldn't surprise me in the least if he recoups whatever he now wants by selling the family silver,ground pub training facilities, the lot. vP could easily be the next Highfield Road.

[Rigadon]

Has to be about a managerial appointment.  Let's hope they wanted McCarthy