What did he actually do? I genuinely can't remember now with all these weekly faux moral outrage one day press stories?
Was it trail by Twitter?
This was a bit more than the usual one. It was alleged that he was sacked by Cardiff because he took bungs from agents (bumping transfer fees and getting a cut from the difference) but when he wanted to go to Palace, Cardiff released a clutch of text sent between him and another bloke who used to work for Cardiff (but by this time was at Palace) that are, and there's no better word for it, racist.
So Palace immediately backed off but then the LMA (or the PFA?) waded in and defended him claiming it was only banter. Which is quite a difficult position to maintain when the actual texts include such gems as 'Fkn chinkys. Fk it. There's enough dogs in Cardiff for us all to go around.' and 'Not many white faces amongst that lot but worth considering.'
So they backed off and it was thought that no chairman would be idiotic enough to touch Malky for a couple of years. But of course we didn't think about Dave Whelan.
By the way, an interesting fact about Whelan, which not many people know because he never mentions it, but apparently he broke his leg in the cup final.