General Ashley and the Ibrox mice

I once stayed in a house in Boston that had a highly skilled anti-rodent operative called ‘General Grant’ on site.

The man of the house was very proud of his Union heritage and so named his moggy after the Civil War hero.

Any unsuspecting mouse in that dwelling had a limited life span with that fellow prowling.

As I awoke in mornings there such a long time ago General Grant was often out on patrol checking the corners of my room for evidence of enemy activity.

Like all ambush hunters cats have been blessed with a large patience quotient from Mother Nature.

I just recalled this after a source told me about another patient general.

Mike Ashley has his opponents exactly where he wants them.

He will move on them if he has to, but he would rather that the New Regime simply runs out of supplies on their route march to the pinnacle of world football.

Quite simply Big Mike is on Sevco death watch.

It serves him better if he does not strike the final blow.

I am more convinced than I was last week that meeting Payroll will be a challenge for the current chaps in the Blue Room.

Of course it would be a touching gesture if, say, Mr Super decided to take a hit this month for the greater good.

One thing to watch is the situation of Mr Derek Llambias and Mr Barry Leach.

I understand that they have been advised that they have a strong case against Rangers International football Club (RIFC).

Sources inform me that New Regime have been knocking on doors in the Square Mile, but to no avail.

Similarly that nice Mr Sarver in the United States didn’t want to play ball with the chaps at the top of the Marble Staircase.

As a business proposition the New Regime does not have much to offer while the major assets are still secured by Sports Direct as part of the January Loan.

Remember that £278,000 that leaves RIFC every month?

The £278,000 comprised of two debits that vanish into the Sevco Triangle?

Yes, that £278,000!

Well I’m told that the payment was not made last month.

Oh dear…

This, dear reader, was the payment that made good old David Somers, then RIFC Chairman, all flustered late last year when it was not made.

Fortunately, there is a two-month moratorium on this deal before things start to move on the stadium that Mr Bomber played for.

One of the Square Mile places that the New Regime recently visited was also on the itinerary of Graham Wallace early last year.

Then RIFC/TRFC was in a much stronger position financially and the Chief Executive was rebuffed.

I was told by my City chap that this institution provides “short term bridging finance”.

Moreover the terms are so onerous that often the money is only borrowed for a few days.

Despite this the New Regime was, I am told, refused.

This refusal was based on two counts:

  • They had no assets to offer as security.
  • The prospective lenders did not think they would be in a position to pay it back.

Of course the cash-strapped entity could always approach Big Mike for the second tranche of £5m.

However, this might not be needed if Mr David Cunningham King can provide some emergency liquidity to the club he loves.

Big Mike does not want to bayonet the wounded as he will have to operate as an occupying power after he has secured victory.

Therefore it is much better if his enemy disintegrates by their own hand.

For the avoidance of doubt, he was already secured all of their assets except Ibrox.

The real General Grant won a total victory at the Battle of Appomattox Court House April 9th, 1865 where he accepted the unconditional surrender of his enemies.

General Ashley might still have to deploy his legal regiments in a court house in London.

In the meantime he knows that his adversaries are in the financial mire.

Indeed the New regime might well feel like a cornered mouse being toyed with by a cruel cat.

Historians squabble over whether General Ulysses S. Grant won by simply deploying massively overwhelming resources in the field or by being a brilliant strategist.

I think the Sevco Civil War will ultimately prove that General Ashley has used both with aplomb.

Right now he certainly has his claws into them.

Discover Phil’s dramatic play Rebellion