Memories and liabilities

This time last week on Monday 6th of February 2017 the Admirable Warburton tendered his resignation.

He then took training for the rest of the week.

He’s a decent sort like that.

On Wednesday he wrote up his notes for the match programme so the copy could be filed to the printers on time.

However, the ex-City trader failed to mention in his homily to The People the small matter that he had resigned as manager!

On Friday he attended the normal weekly meeting of the Sevco High Command where his resignation was not discussed or even mentioned.

He then met the local media in a routine pre-match presser, once more his resignation appeared to have slipped his mind.

He then joined his second in command Mr David Weir on the training ground at Murray Park.

I don’t know if the Admirable Warburton and his loyal lieutenant swapped notes on their resignation letters.

They might have as apparently the ex-City trader’s right-hand man had also resigned at the same time as his boss!

The ex-Brentford supremo then liaised with the medical staff last Friday to ascertain if any of his charges had any injuries.

If only the Murray Park medics could have spotted the fact that they were talking to a man suffering from acute amnesia.

He was shaken out of this stupor when he received a personal call shortly after 9.00pm that Friday night.

It was only then that he recollected that he had resigned on the previous Monday and that the Sevco High Command had reluctantly accepted his resignation.

Dear reader, if you believe any of the preceding, then I fear for you.

It is a narrative that even the stenographers in Glasgow are struggling to remain loyal to.

For the avoidance of doubt, my information is that the attitudes of the Sevco three have hardened since the initial shock on Friday evening when they learned of their resignations.

I understand that scout Frank McParland was especially robust in defending his record during his time at the Engine Room Subsidiary in the weeks before he was, erm, resigned…

Indeed he pointed out to the Sevco High Command that it was they who had broken promises to him.

The resources that he had been told would be at his disposal were simply not made available when he took up his post.

Developing story…

Regular visitors here will know that I have been reporting on the difficulties that the Admirable Warburton has been experiencing with several members of the Sevco High Command.

Moreover, I have stated that the money was simply not available to pay him and his back room staff to Do Walking Away.

Like many stories, it is often a case following the money.

If you start from the belief that there simply wasn’t the liquidity to fund a payoff, then the crazy events of last week become explicable.

I am reliably informed that this situation is likely to now journey in the direction of an employment tribunal.

Given the timescales of such matters it another contingent liability that will have to be included in the next set of accounts of the Holding Company Vehicle.

Developing story…

 

 

This time five years ago the party was over for the original Rangers.

HMRC was in the Court of Session against Rangers (1872).

What I had said would happen duly happened.

Once Hector called time on the tax evading club then the only variable was the precise time of death.

If you have been with me since then dear reader then you will know that throughout the saga that you have been very well informed.

It has been quite a journey!

Moreover, if you wish you can use the search function on the right-hand side of the page and find the appropriate month and year.

You can scroll back to the busy months of 2011 you will see how well briefed my readers were about the unfolding situation at Ibrox.

During that same period, the local media in Glasgow were soothing The People that all was well because there was a Billionaire Bear in charge of their beloved club.

Of course, dear reader that was back in the day before the “Holding Company Vehicle” and the “Engine Room Subsidiary”.

Then it was just Rangers Football Club.

It was a simpler time dear reader.

A simpler time…

I was convinced at the start of 2011,  that the story which I was covering was bigger than a terminally ill football club.

I was convinced that something historical was happening and it had to be accurately recorded.

I was also aware that the local “we were told to call him a billionaire” media were not up to the task.

However, I felt that the Rangers story was too important for me to Do Walking Away.

The same fidelity to veracity I had apropos Rangers (1872) should also be extant in my reporting on Sevco.

In the end, someone had to do it, and that person appears to be your humble correspondent.

At time of writing Sevco is a loss making business without a credit line from a bank.

Moreover, since last week they have acquired another contingent liability that they cannot pay.

Meanwhile, should General Ashley win a total victory next month, then the Sevco High Command might have to find a figure in the region of £5m plus costs.

Perhaps their only hope is that, like the Admirable Warburton, he is struck down with amnesia and forgets to turn up to court.


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0 thoughts on “Memories and liabilities”

  1. So if some rich directors simply throw away $1,500,000 they just might make payday in two weeks BUT the latest legal action by the SEVCO 3 could ringfence $2,000,000 as soon as this week. So make that a whopping $3,500,000 to throw away just so they can make it to Celtic Park in March for an historic walloping. I do not see it happening. They might be SEVCO directors but they are not fools.

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  2. An employment Tribunal is extremely unlikely ,as the most that can be paid out is around £70,000,and that depends on service etc This will be going to court for breach of contract.

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  3. Some Twitter talk (or rumour creating) of Sevco waiting to be confirmed in top 6 before going I to administration as points deduction still keeps them in top 6. Not relegated. Heard anything or fanciful thinking?

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  4. I will truly miss Mr Warburton. His forays into the statistical and mathematical world were extremely insightful. I regret that he was unable to comment on the Scottish Cup draw and how the ’11th home Cup tie in a row’ fitted in with his theories on the randomness of football.
    The ‘we accept your resignation/what resignation?’ shambles on Friday night was hilarious. Truly worthy of The Rangers sitcom. Could be it’s the last episode?

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  5. Probably hanging on until the league-split and then the worst they can do is finish 6th irrespective of their points deduction and avoid relegation. Or is that too paranoid of me?

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  6. The SFA and SPFL “HAVE” to be taken to task. The Glib Gangster was proven to be not fit and proper, so was told he could not head the club. Why then is he issuing statements on behalf of the club. Questions need to be asked of the quango! !!

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  7. Apparently they’ve ‘invested’ £18m of an anticipated £30m. But he said £50m was going in if he was voted Chairman. He’s now conveniently dropping £20m of promised investment. The Bears must be furious with this. No?

    In his three transfer windows, Sevco have spent £2.4m on players. Everyone has been a free transfer, Bosnan or out of work. Go do King’s arithmetic.

    Are they putting millions in to indebt the club to themselves then syphoning their own money back? Nice trick if true.

    What did the SFA expect deciding this charlatan was fit and proper to be in the game. He lied to the SFA. Strip his fit and proper standing if Warburton &Co. are found to not have resigned.

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  8. Ahhh!!… the sevco hokey-cokey! How we all laughed as we danced to that magical tune, putting our limbs in, out, in, out, and then, best of all, getting to shake them all about!!… And while we danced, not one single drop of jelly and ice cream was spilled!!

    A wee message for any sevco lurkers…

    (UN)HAPPY ANNIVERSARY, HUN!!

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  9. Phil,

    Do you know which entity held/holds the contracts of employment for the Amnesia 3: the football club or the holding company?

    The point is that DCK appears to be speaking for the club, whereas he holds no position within that particular company, as I understand things.

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  10. Is this King’s real masterplan? You can bet the bag of assets won’t be sold for £1 this time, nor the c£5.5m Green & Co paid for so is all this little more than a scheme to recoup the money he lost investing in oldco?

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  11. I have no doubt that the 3 of them will take this to an employment tribunal. Simply too much money at stake. I have couple questions on this (if you know); How long do these employment tribunal cases normally take to A) come up in front of them, and B) to then reach a ruling?
    Secondly, how long before the 3 went to court to ring-fence their money or is it considered a “football” debt and they are guaranteed the money?

    Timeline on this could be important if it all happened before end of season and when next year season tix money comes in.

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    • At what point does this farce slip into a charge of bringing the game into disrepute? It’s only been 3 months since they attempted to out Agent Barton and got their fingers burnt.

      The footballing “authorities” in Scotland are beyond a joke. They’re twitching the curtains whilst their psychotic neighbour goes on the rampage, too scared to confront and stop the demented jakey. Pitiful really because the poor, ravaged, deluded soul is 4 stone dripping wet, toothless and near death! If it was a dog you’d put it out of its misery as an act of mercy.

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    • Unless I’m missing something, Sevco will get away with this. Employment law is notoriously weighted in favour of the employer and, in any case, none of them have the required two years’ continuous service required to lodge a tribunal claim for unfair dismissal.

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      • I think it’s much more likely Warbo’s lawyers will be taking action over “breach of contract” not unfair dismissal. Compensation for unfair is very low breach will get him the big bucks although if there is an “ejector seat clause” they may be able to limit amount payable.

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      • This is not an unfair dismissal this is a constructive dismissal.Employment law is very much in their favour and McGregor,Naismith,laverty and other did all right by it.Can you imagine everyone waking up tommorow and you have resigned in your sleep.

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  12. And still they follow follow.

    Tell a hater what he wants to hear and he will listen. It really is that easy, eh Dave.

    In the shodows get used to it.

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  13. Phil,

    It’s totally consistent with their collective amnesia over going bust almost 5 years to the day. Also incorporates their ‘fans’ collective amnesia and mistaken belief that their sub-culture is somehow relevant and welcome in the 21st century. They also ignore the fact that the vast majority of football fans in Scotland aren’t buying into any of it and see them and their pals at the SFA/SPFL as the corrupt and pathetic bodies they are. My sides are so sore laughing at these peepul since Valentines Day 2012 that I develop my own amnesia and forget to get the Mrs some flowers because apparently there’s another celebration that day.

    And just for good measure, Glib’s statement is another concoction so ludicrous that even Jabba’s pet hacks are scratching their heads to make sense of it.

    You really couldn’t make this up……..ohh wait they just did.

    Small donation on it’s way, who’d have thought a Scottish Panto would out run The Mousetrap??

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  14. Some rumours that the Glib one is jetting in today, I assume to sneak under the covers like his last sojourn, rather devoid of positives.

    Maybe he is gonna meet big Eck, who was creaming himself yesterday at the prospect of a new blazer and tie.

    Why anyone would want that association is beyond me.

    All that the Glib one documents will play into the hands of the sacked 3. I hope they make some quick moves as big Mike might beat them to the kill.

    The feel in sevco blogland is they have discarded the old in favour of the next savour. Deja vu again. They want the same treatment for:-

    Furious Rangers fans have called for the club to tear up Philippe Senderos’ contract after the former Arsenal defender fluffed his lines for Morton’s goal in yesterday’s Scottish Cup clash.

    One fan branded the Swiss stopper ‘woeful’ while another added: “Send Toral back. Terminate Senderos contract. And give Michael O’Halloran back to St Johnstone for free.”

    Cloud cuckoo land.

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  15. Phil,

    I’ve just read that Mark Warburton has been leaking information to the Daily Record. And here was me thinking all along Keith Jackson was plagiarising your blog.

    My bad

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    • How appropriate having Keith Jackson and circus mentioned in the same post because the man is a clown.

      He opens with “Dave King’s refusal to fund moves for Aberdeen’s Jonny Hayes and West Ham youngster Reece Oxford confirmed that trust at Ibrox was broken beyond repair.”

      How about “Dave King’s inability to find moves for …?

      Does he not understand that Rangers simply do not have any money? As Phil keeps saying, it’s a loss making business without a credit line from a bank. Jackson is a disgrace to journalism, as indeed is the rag he works for.

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  16. Roll on the liquidation of the new entity playing ??? out of the bigotdome.
    Scotland’s shame no more, though l did at one stage hope they would resurface over in the occupied Six Counties at Linfield with their Shankhill Road Defenders, or butchers, but then…that would be unfair on the island of Ireland.
    Begone evermore into the eternal damnation you richly deserve.

    Reply

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