The Sevco cargo cult

It is a strange experience to observe the Sevco cargo cult in full flow.

The rest of us know that what these poor souls utterly believe is fantasy.

They are convinced that what they are doing will have some virtuous outcome.

Instead, the cause and effect is quite the obverse.

Given the money owed to Sports Direct, the sales at the Megastore over the last few days will not have delivered a penny to Sevco.

I have been told to expect a PR campaign against the Take Over Panel decision.

Apparently, Mr King will state that those chaps made a terrible mistake and that he can get it overturned.

Au contraire…

The appeal was the last word on that matter.

I’m told that part of the deal was that Ashley would dump his shareholding at the great price of 27.5p per share.

That’s 7.5p per share more than the Take Over Panel ordered.

It was a classic King move using Other Peoples’ Money (OPM).

The OPM of the masses…

Quite frankly The People believe Mr King because they need to believe what he is saying.

The Sports Direct folk are delighted with the new deal.

It was described to me today as “highly beneficial” by a Shirebrook source.

Moreover, General Ashley’s main legal guy had advised him that it was time to get rid of the RIFC shareholding as the Cold Shoulder was coming down the pipe with a vengeance.

That decision was only taken yesterday by Big Mike’s inner council.

It was time to get the hell outa Sevco!

As I said, the devil would be in the detail.

There are more details to come out.

I’m sure of that.

27 thoughts on “The Sevco cargo cult”

  1. For all the brilliance of this weekend’s laughter, and its immediate, and quite phenomenal, exposé by Phil, in the end what it means for us Tic is that Ashley has left the building, the REAL Big Daddy Bear at the heart of the Sevco circus is no longer in the room, it’s just the weary clapped out ‘ringmaster’ and the clowns on their wobbly bikes left, while their phony financial jugglers are hanging off the high wire trying their best to be trapeze men.

    And while that Big Daddy Bear will be supping from their porridge bowls for quite some time to come, so will we, the Tic fans, benefit from the madness of King Dave and his hothead manic ‘statements’, both on the field and off it, as they wriggle and contort themselves into wearing last year’s jerseys, while trying to be the club that died.

    Let their lunatic circus roll on forever, watch the wheels falling off and the motor on fire, or roll around in hysterics as it reaches its inevitable miserly downtrodden end, just like the last one, and as it can only ever be, based on their ‘business model’ and the folk whore running it.

    And whether they’re here or ‘there’ is neither here nor there, cos either way, we’re laughin.

    (Cue laughter from the ghallery on how it feels to be a Tim) 😉

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  2. The gullibles believe anything King comes out with he could sell Sevco branded condoms to them as they’re all wallopers. I’m 47 Phil and still read Marx on a daily basis, if only the class would do the same we would be far away from the ugly world we inhabit.

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  3. At the risk of sounding overly sympathetic to the average Bear, they really are being let down appallingly by what passes for the press in Scotland.

    Barry Fergusson’s, ahem, article in the DR today is a disgrace. Deliberately written like a friendly chat over a beer at you local, with phrases like Rangers* getting “weighed in” from the new deal, only assists King and the board in duping their OWN support into throwing good money after bad.

    Bazza may well believe the deal is a good one, why would he doubt King, he’s a RRM after all, however, there really is no excuse for the so called journalists aiding and abetting the board in spreading misinformation and assisting in upholding the fantasy that this deal is a game changer for their club.

    There is no way that they will listen to you Phil. You could say, hell mend them, however, the part that the compliant press is playing along with King and the board simply wrong.

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    • No surprises from EBT Bazza (I wonder if he’s ‘weighed’ that hefty wedge back ‘in’ yet ..?), but, as you say, it’s the media that’s the problem, Joe.

      They are willfully acting as co-conspirators and disseminators of King’s lies and, if I didn’t know any better, I would lodge a registered complaint with the NUJ (National Union of Journalists) for having liars and crooks in their midst.

      In fact, I did try once to register such a complaint, but the NUJ laughed in my face, and no small wonder, as it slowly dawned on me that, if the NUJ were to oust every member of their once-fine profession with assisting criminals in a criminal act, then there would be next to no members left in the job, apart from maybe Phil and, possibly, Chris Hedges, (although, much like Pilger, who’s fallen prey to the game, I cant fully vouch for his credentials, though he seems pretty sound in his diligence.)

      Folk seem to forget that our global media is wholly owned by the corporate machine, the least disgusting of whom is Murdoch, and that only for the reason that he, at least, shows his admittedly putrid face in public.
      All the rest of the world’s media has been merged into one massive faceless conglomerate wholly operated & controlled by the world’s highest ranking crime families, so of course they are only gonna tell ‘the news’ that they want ‘told’, not the actual, real world news that schmucks like us see happening around us every day.

      And all this aside from the millions of hours of evidence across the internet that these crime families simply fabricate ‘stories’ to keep us all confused and afraid, or happy and responsive, by using their own media in much the same way that Dave King does, like emotional puppets jerked and toyed around with on the end of really quite rational strings:

      Because, despite Dave’s most recent rambling rampant lunacy, he sure knows how to extract the last penny piece from the peepil’s blue pound pockets, even if he’s extracting the urine with it, and he’s quite the practiced dab hand at keeping them ganting at the bit for more of the same again.

      As Phil only yesterday pointed out, a willing and compliant media is essential in the dissemination of a lie, therefore, if you control the entire media, there can then be no opposition to your lie, which is why we never hear of anyone from anywhere ever conducting an extensive investigation into the international crimes of David Murray and his international crime syndicate cohorts which operated out of Scottish football for roughly three decades, and may still be operating yet, to this day, and which robbed the taxpayers, the children, the sick, the poor & the needy out of around one billion pounds sterling, plus small change, if you take Campbell Ogilvie’s EBT into the equation.

      Because everybody got their cut, all the way up and down the pyramid, everybody was in on it, so long as they could produce the correctly shaped handshake when meeting ‘st-rangers’ from another order.

      Sure, the top crook even got a knighthood for it, off one of the topmost crooks of all, even though it was her own bag he was dipping, because that way she didn’t have to pay tax on it either …
      A pretty neat trick, I’d say.

      (NB: Phil, your quick work on this stuff over these few days has been phenomenal, and impressively inspirational too, as you can probabaly tell from my lengthier ‘first response’ to Joe’s statement 🙂

      I spent all day doing research on it, and discovered some very interesting things indeed, some of which I included in the first post, eg, the Marx/Robespierre/Zionist-Bolshevik connection, but I fully understand why it didn’t pass, as a reread of ‘War & Peace’ would have been quicker!

      All the best to yourself and the family.
      Such true journalism is a rare sight to behold in these co-opted unquestioning, but highly questionable, times.)

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  4. I wouldn’t think Sevco could offer any large sale of shares whilst king has been told to purchase the current shares for his concert party maneuver.

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  5. hello phil
    sorry this post is not along the lines of your super article
    rosary beads must me covered up in scotland
    i saw this with my on eyes the feckard and star .
    rangers signing carlos pena had his left arm tattoo covered up
    by a small inset picture yes this tattoo had clasped praying
    hands entertwined with rosary beads…..
    only in scotland

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  6. Radar Jackson has outdone himself with the ‘King’s finest hour’ headline. Ashley was holding King’s feel to the fire on two fronts, the court case and the bill for the unsold stock, both conveniently ignored by the prize winning eejit.

    Now King is going to take on the appeal board………again! Must be the appeal, appeal board, yet the press print this rubbish without question.
    The biggest threat to 10 IAR has now removed himself from the Ibrox equation with Ashley selling his shareholding to a Hong Kong ‘investor.’
    Investor……that’s a hoot in itself. How many times in the last 20 years has Oldoc/Newco returned a profit? Without CL group stage participation profitability is just a dream and with Ashley exiting stage left then that possibility is even further away.
    Looking forward to see an audited set of financials to see how it stacks up against the fag packet calculations previously made public.
    King has now raised a likely share issue coming soon, not to be missed.
    However the only way that those who have kept the good ship afloat with soft loans will ever recoup their monies will be to convert the loans for equity……if King is to be believed that the incoming signings have been financed with further soft loans then an immediate £20m will be wiped off any income from a share issue.
    Then back to square one, expenditure outstripping income, repeat, repeat!

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  7. I always thought that Ashley was the only real (if unlikely) challenge to our total domination of Scottish football , pretty happy with the Huns current set up , Crook for Chairman, fans that believe any pish the Hun press print , here we go etc etc .

    The only real billionaire they have ever had has left the building.

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  8. Why are you poo poo-ing this?

    Keep the blue pound flashing at the tills for Ashley.

    The club 1872 life support, last gasp emergency pot has just been emptied by Ashley. They contributed for ages every month for Ashley to clean them out and empty the coffers for bust penny shares.

    That’s clever.

    King wanted that money and he is now deprived of it.

    It is my belief club1872 see through King and want him out quietly. But club 1872 don’t have the business competence to understand no-one will touch it beyond themselves. Ergo there is no future. As they know, King wants a pay off.

    Three bears have contributed nothing for a long time.

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  9. If big Mike sells his shares (to whom?) Then that would remove the block on getting a vote to print more shares. Sevco would be able to keep printing more shares as long a there are gullibillies with money in their pockets – and with nothing to worry about with regard to financial fair play.

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    • Salted Popcorn,

      Ashley’s shares went at a Premium, I think the rest of your obsevation is correct.

      The rest will be diluted to feck when the 75% is reached, it is the way these guys work.

      Look at how Whyte earned his living, he issued shares at a fraction to himself and sold them on to the mugs who invested with him, people who set up a direct debit for their contributions to the scam.

      King?

      He is a master of THAT art, he has guys lining up to give him money… The only way it would be funnier is if it was named 1690.

      I recall the Fool Me Once etc that Phil posted ages ago… We must be on to the Fourth one by now. The Gullibillies are just Ba Ba Blue Sheep… They Follow Follow on. 🙂

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    • Am I right in thinking that any share issue would bring in very little real capital if any to the holding company? …. converting some or all of the “emergency loans” to shares would account for the vast majority of shares issued if King gets his way of shares only being available to certain parties, IF any of those owed money through these loans were take up the offer for what look like worthless shares.

      Surely the cost of setting up a share issue going by the last share issues must be prohibitive to such a toxic company, and who would be brave / daft enough to underwrite such an issue?

      One thing will be certain, Dave King will not be picking up the tab in any shape or form.

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    • They can’t get a Nomad ,they can’t list on any stock exchange, they can’t use any financial institution. Who will set the share price? The take over panel has them by the short and curly’s.
      Even IF they manage to get a share issue, who will buy? The fans proved before they would not ” pony” up. No fund manager will partake,so who will supply the predicted £16 million?

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  10. Great work Phil.

    It hasn’t taken you long to get to the bottom of this. Yet despite your track record you still have doubters!

    I’m not sure what’s more baffling… The doubters or the refusal by the stenographers and churnalists to seek and print the truth.

    All the best

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  11. Mr Jackson at the daily SEVCO seems to know more that you Phil
    It’s seems to be a great coup for SEVCO according to him?
    Confused,com

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  12. Phil, I can’t quite understand that if the serious professional is indeed a serious professional why is he still there?

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    • It’s true they don’t like Masses but they do like OPM.

      Great line, Phil, shoulda thought of that one meself, as I was forever arguing against religion, and television, and even Marx too, though I must remain noncommittal on the opium, as it does serve some genuinely greater purpose than all the others combined.

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  13. Are you sure Phil? This cant be true….I mean look at the Sevco retail store its empty, i mean the peeple cant be that stupid can they? They believe every thing that is told to them. Maybe its high time Phil that you manned up and told the masses that father christmas really doesnt exist.

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  14. This might be a good time to invest in vaseline, jelly & ice cream stocks. There could be papa bear, eating a mama bear with cubs for dessert action. Who knew zombies could feed off each other.

    Reply

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