Fantastic gesture by Malky. Certainly leaves with my best wishes. Nothing now to hold up Tan's long standing promise of converting the debt to equity.
I've heard the Norwich rumour so I don't understand why Moody had to make an apology as he's already in current employment, so probably renders my last post mute On the upside, at least you know more about your manager being sacked than we do at the Liberty.
I think both sets of supporters are kept in the dark and fed on bullshit are we Mushrooms or Fun Gi (I'll get my coat)
I think this is just a public display of amiability. They will have agreed, via the lawyers, that it is in both of their best interests if the public feud ends. Tan (the one with all the money) suggested that he would pay Malky a healthy sum of money if Malky publicly backed down and accepted responsibility. Everybody wins - Mackay can apply for a new job without being in the position of having ongoing proceedgs against his previous employers, Tan can (at least officially) be absolved of official blame for the farce that has been our season. Nothing really to see here IMO.
Sportsmail understands Mackay hasn't received any compensation and paid own legal fees, in addition to issuing apology
did malky not say a couple of months ago that with the on going legal battle with tan he wouldn't have another job until it was over, personally i think malky and moody had been caught with their fingers in the till and a gentleman's agreement has been made with vinny tan saying he would not release it to the press thus basically removing them from the employment pool
Wow. Didnt see that bit. Either there was an under the table, unreported, envelope passed from Tan to Malky, or a lot of us were very wrong about what has been going on at our club this season. I still want to believe that Tan paid Malky in private to make the story go away so they could all move on professionally. Either than or he had something concrete that would stand up in court against Malky. Guess we may never know!
Put it this way - if the reports in the press of Malky agreeing "no compensation" and "paying his own legal fees" are really correct, there is a lot more to this than has come to the surface. Fingers in the till maybe a bit of a strong description, but if you had 2.5 years left on a cast iron contract and were dissmissed for no good reason other than your boss didn't like you, would you walk away from getting your rightfully owed dosh? As for the comment by Bob about it being a "fantastic gesture from Malky".........
It's from the daily fail Sparks, they seemed to get everything right when Malky & Moody were in charge, makes you think.
It is all very confusing though - what is in it for tan to not tell release that as public knowledge? Sorry am I being thick... If Tan was aware of something like this and released it (having cast iron proof to fend off any slander/libel accusations) everybody would understand why he sacked Malky, nobody would blame him for the season, Malky would have no choice but to drop legal proceedings. The fact that Malky would be unable to publicly refute these allegations would be a public declaration of guilt in itself. what have I missed?
Nothing really, except that having "cast iron proof" isn't necessarily the case. It still could be something (albeit with sufficient gravitas) that still had to be proved in a court of law. Neither party would have wanted to go down that road. However, the very fact that Mackay has chosen not to pursue the matter, and ALLEGEDLY not received any compensation and his paying his own legal costs to date would suggest on the surface that he was on a loser. It depends upon the emphasis that publications place on elements of a story, and I know this is only Mirror's piece on the matter, but they say: - http://www.mirror.co.uk/sport/football/malky-mackay-issues-humble-apology-3520490 The emphasis being: - "Malky Mackay has issued a humble apology to Cardiff owner Vincent Tan – and has ended up without a penny. Former Cardiff boss Mackay launched a £7.5million legal claim against the club after his dismissal last December. But Mirror Sport can reveal that Mackay dropped his claim and reached a settlement with Malaysian tycoon Tan. It is a major victory for Tan, who promised to fight the legal action all the way. It comes after Tan launched an investigation into transfers during Mackay’s reign, which were also overseen by former football director Iain Moody – now at Crystal Palace. But after months of haggling, Mackay has backed down completely, explaining his change of heart on wanting to get back into management.
Yeah - I still think 'ALLEGEDLY' is right - it just seems inconceivable to me that Malky would back down so publicy and take such a public humbling unless either he received some unofficial compensation or Tan had something career threatening that could be held against him. Given their mutual dislike, I still think Tan would have released such information if he had it - he is completely ruthless after all. I am of course just speculating, the major positive now is the club and Malky can both just move on and move forward.
Yep Popbank - I think that sums it up in a nutshell. Tan needs to convert debt to equity as promised without further delay, and Malky needs to get back into football management as soon as possible. If both happen, I'm sure we'd all be delighted. Any drawn out litigation wouldn't have done either party any good, though I can't help believing that Tan has come out the better from all this.
I am amazed that the 'I love Malky' club are trying to gloss over this, and present it as some sort of victory for the noble and much-wronged Milky. The Milky fans can dress this up any way they like - I don't believe this is a 'fantastic gesture' from either Milky or Moody. They were not apologies - they were grovelling bumlicks. It doesn't sound like there was much choice about this 'agreement'. Milky is not holding his head up high as he walks away in to the sunset - methinks he is just glad that this case is being taken no further. As for the debt to equity. Two reasons why Tan might not do it: 1. A previous manager fleeced the club whilst not addressing the problem of a decent goal scorer. 2. The fans keep calling him a wa**er. Why would he want to help us out any further? He might take the attitude 'what the hell am I bothering with this lot for?' I think I would in his position, wouldn't you? I'm no great fan of the colour change, but if I were him - with the money he has behind him: I'd sell all I could, recoup my cash if at all possible, and let the club go down the toilet just for the satisfaction of watching it happen.
Malky instigated the proceedings then walks away without pursuing it and takes a hit on legal costs already incurred and some still think he's the injured party! Seriously can they not see Malky had the opportunity to remain as manager, when Tan publicly backed down, but he continued playing up to the press. Malky wasn't a great manager, the teams form on the last 10 games (edit: in the championship) was relegation form but the other teams around us couldn't capitalise on our **** form. He got lucky but was ultimately found out.
