Yesterday one of the Sevco High Command uttered some words of concern about the flurry of transfer activity at the Engine Room Subsidiary.
He wanted to know who was going to pay for all of these new players.
Given that he is the person who has been writing most of the cheques to keep the lights on then I think he should be listened to.
Of course, The People have no such concerns.
Perhaps they should because it is they who will be footing the bill through their season ticket monies!
For the avoidance of doubt, even a record-breaking season ticket sale at Ibrox will not cover Sevco’s cost base in the year ahead.
Now, The People do not like to hear such information.
They prefer Quintessentially British fantasies to hard facts from a Fenian.
I think it is fair to say that I have, since around early 2009, established a track record of flagging up possible financial problems at Ibrox.
Of course, those warnings were always ignored by The People.
Indeed, it seemed far more important for them to silence the messenger than to analyse the message.
I suppose that a toxic admixture of bigotry, credulity and deference made that a racing certainty.
Then events would unfold that rather vindicated my initial observations.
What then that occurred The People would either ignore what had happened (e.g. liquidation of Rangers FC).
Alternatively, they would acknowledge that something had indeed happened, but that their beloved brand has been the victim of a Machiavellian conspiracy.
As ever, the truth is almost always much more prosaic.
When these entirely foreseeable events unfold then others have been known to indulge in some undignified sniggering.
What the member of the Sevco High Command said yesterday was that it was vital that players were shipped out of the door before the transfer window closed.
That person is a very successful businessman based in the West of Scotland.
Consequently, he can recognise an impending financial shit storm when he sees one.
It is almost as if the person authorising these transfers lived in another country and was all out of fucks to give.
If I didn’t know any better, I would think that this offshore chap might be a convicted criminal with a reputation for mendacity in business matters.
Now that would be a cause for concern to any reasonable person.
Of course, The People are not troubled in the slightest.
A new club, but the same Herrenvolk hubris.
Nalky ( what is that .. a nearly scarred alky ) 1 right out 0f 243 ,aye right , and Downfall was a work of fiction . Yer heids stuck up yer arse. Away and do something useful like polish up your WW1 monument that Celtic gave you the boodle for. (unrecognised)
Phil,any idea when King due at court?mind The Takeover Panel charged him?
Although there are no fees involved in the signings there are wages and signing on fees to be paid and given the secret meeting between GASL and the discredited SFA are any guarantees been given from there ?
Someone must be writing and signing cheques, these guys are not signing for Sevco without signing on fees. How long can it go on?
This blog always cheers me up, for over a year now I have read Phil and his ‘stories’ and on my count he has been right on 1 occasion and wrong 243 times since.
Even a broken watch has a better record, as a Jambo this is amusing but yet I worry now as all Rangers fans are just using this as a daily laughing thread and mock this site on forums and social media. You are not helping with the ‘obsessed’ tags they like to throw out.
As for the money situation we’ll even an idiot can see where it is coming from, Rangers raised 13,700,000 in season ticket funds.
Your arithmetic is as bad as the huns. On a different matter their ST money has a host of expensive running costs for Ibrox and Auchenhowie to be paid for including the directors and other non-playing staff.
They have the following additional adhoc expenses to consider also
1. The WIFI court case
2. MA’s court case, including legal costs to prepare .. not cheap. Potential 5m in damages
3. The Ibrox 3 dismissal another court case and legal fees
4. Joey Barton’s final installment?
5. Previous “instalment” purchases .. Garner? MOH? who knows.
6. The ongoing summer maintenance project tarting up Ipox .. rumoured to be anywhere from 1.5m to 4m plus. (I’d hate to be the contractor on that if they have not paid up front)
Not sure what the squad wages + other running costs came to last season but it was way more than their income and this year they have no shirt sponsor, so far, ergo a loss of income.
Their big wage signings that they want to offload (contracted to 2020) are unlikely to relocate unless their wages are matched, so they will either have to agree to a payoff or the player stays … They have freed up some wages with loans leaving and out of contract players .. but it is not that much.
So where exactly is the money going to come from as it’s well documented in their accounts that they are running at a significant loss, despite the ST income.
Park will not fund this shambles indefinitely and King has no intention of doing so, despite his press releases.
As a Jambo .. can I ask what pressure your fans are putting on your board to ensure your receive your European slot ahead of the financially doped Sevco with their fag packet accounts application?
I know you guys rallied around and saved your club, but the job is never finished.
Ok so all that money they raised is going to be spent on players is it. So now w with your wonderful knowledge, where is the money to pay the wages of all the Players, staff for the rest of the season. You see last season you had more season tickets sold and you still needed millions in loans to survive. Now you have a stadium that needs huge maintenance, players on contracts that nobody wants and you are still paying for, and you are adding more to a wage bill your income cannot sustain…..does this scenario start to sound familiar yet. Once again you are being led down the road and you haven’t the common sense to ask how is this being funded, we are spending more than we earn…..so I don’t think it is Phil who is the idiot here is it…..
Did they, aye ..?
Tell me, Nalky, are you a Daily Record reader?
Phil, why does your prose insist on a paragraph for every sentence? It gives my brain cancer.
It is entirely deliberate and isn’t intended to be carcinogenic.
It makes the piece easier to read on a handheld device.
“Even a record breaking season ticket sale could not cover Sevco’s cost base for the year ahead”
That’s bad enough, however, I’ve heard a rumour that they don’t have a credit line from a bank either.
Developing story……
After reading your last blog Phil something strange happened to me.
I came to the conclusion that after all these years i now have something in common with the Klan.
Turns out i’m just as excited as they are with the new signings and the promise of more to come.
So f… credit lines, f… cold shoulders and f… living within your means.
Let’s just enjoy these muppets killing their new club just like they did their last.
Keep splashing the cash Sevco you are making more people happy than you will ever know.
I think I hear a matronly set of vocal chords warming up in the wings with a quiet refrain of ‘Bye Bye, Tootsie, Goodbye’, but it could just be my mind playing tricks on me.
But Phil hasn’t been wrong yet.
They’ll be hitchhiking to Europe if this keeps up.
‘Indeed, it seems far more important for them to silence the messenger than analyse the message.’
There’s a guy elsewhere on the tic pages who has been acting precisely in this manner of late, but one of your own posters from this site has just pulled his pants down big time.
I always laugh when I see self-centred ‘Big Shots’ get their face slapped, so I’ve been laughing my ass off for, ooh, a good 6 years now, at seeing the biggest bully in town jump through hoops and loops and sensational scoops, in trying to revive their annihilated credibility.
Proof indeed, if ever it were needed, that what goes around comes around, knowing that those who’ve spent centuries belittling us and our kith and kin are now openly seen across the world as the raggedy arsed misanthropists that we always knew them to be.
Ye cannot beat seeing a bully beaten, especially when it’s by the quiet guy who’s sat watching from the corner for so long, simply by piecing together an analysis that becomes his one true weapon.
For though words might never hurt ye, they can certainly take you apart, often more effectively than cutting off the cash stream. Though that WILL be interesting to witness 🙂
All the best, Phil.
You’re on magic form.
Signing all these Catholic players they can’t afford in the hope they can offload the £5k to £12k a week Magic Hat deadwood to some English set of mugs (Magic Hat himself ain’t signing one). I’d tell the High Command that their deadwood ain’t going anywhere until Sevco is wound up by the receiver. They can get shot of them then, heh heh. Loving Cup anyone? Five bob first bidder.
The chap writing the majority of the cheques is probably going to have to pick up the tab for the paint and the club’s new power washer.
When is the sevco circus going to leave town? As much as I enjoy the laughs these clowns provide I’m just thankful that Celtic conducts its business in a professional and dignified fashion. Truly great times to be a Celtic fan. An outstanding club.
“All out of fucks to give ” im an old campaigner and that’s a new one on me Phil . CHAPEAU.
They know it’s an impossible task to catch CFC.
It’s now all about putting on a wee show. Not about winning silver.
Allow a wee illegal bigoted dirty of a Saturday for nostalgic cultural reasons.
SDM ended up not giving a fuck, Glib has arrived at the same place. Why? Because it’s hopeless against Celtic.
Not even tax scams, bent Refs, corrupted player registrations and unlawful Euro licenses could deliver for SDM. Without any of that, Glib has no chance.
The gullibles are too busy wetting themselves about all the new signings their about to bring in , that they are not about to let trivial things like money to spoil their high .
Looks like TGASL has duped them again
That’s the magic of delusion for ye.
You sell them a mirror and they stand looking into it, wondering where’s the show.
Phil; tried to post this on your story other day but lost it, not sure why.
Surely it is now at point where they have to call an AGM and remove that GASL. If they allow him to continue to call the shots, using their money, then they are tacitly agreeing with it. If they don’t agree with it, they need to get off their erchie and do something about it.
Agree with your summation that there is a financial shit-storm coming their way!
Would you want to be the one that pisses on the fans fish and chips?
Dunno about their fish n chips but I do know that Bruno Alves is a quirky anagram of Broun Salve.
All they need now is another practicing Catholic whose name can be rearranged into Soothing Bams (and I do mean Bams) and the pain of their shafting will be numbed entirely.
(Or at least till the cheques run out)
rangers directors website – biography to follow 03/2015….. two years no update – boy there IT guys is sloooooooooooooooooow – developing story?
also celtic shirts SOLD OUT! developing story… one side of olde firm – shirts sold out
So more debt (football wages for 3 years) added to company….. must be paid by someone, not king… did king get a cut?
Test comment from Wullie
What if the remaining board members ‘walked away’ leaving Mr King on his lonesome?
“Was all out of fucks to give” lol
I wonder how many ways you and other diligent journalists could re-phrase that and still our MSM would laud Glib, the gullibillies would defend him and his warchest would stay shut.
Too funny for words, keep up the good fight.
🙂
Haha ‘bigotry, credulity and deference’ excellent. Nail and head.