Friday 21 September 2007

Thank God it's Friday!! Mourinho and Northern Rock

I suppose the ramifications of Jose Mourinho leaving Chelsea and of Northern Rock
closing down will go on for a while yet.
If Chelsea are serious about winning the European Champions League then it would
have made sense to retain Mourinho this season, since he has the expertise and experience.
However, I got a sense that Chelsea's tactics were falling short and
other teams were getting better at facing them. A loss to Aston Villa and
a nil-nil draw to Blackburn Rovers contrast with performances in the previous title winning seasons.

I know that Northern Rock is still open to business as stated by its CEO
Adam Applegarth but the possible solutions do not look very palatable.
A competitor could make a low-ball bid but I am sure that the European Commission
is itching to get involved in investigating any possible solution.
In the blame game Bank of England and FSA board member Sir John Gieve is getting
a bit of a kicking. He had the temerity apparently not to read the Northern Rock
interim statement in July and to go on holiday to France when he knew about
the crisis.

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