It is difficult to overstate the negative impact that this result will have on the financial situation at the five-year-old club.
Earlier today the finances for the deal to bring Graham Dorrans to Ibrox was being discussed within the Sevco High Command. As well as the money brought in for the Barrie McKay deal, another £800k had to be found.
At the time of writing, there are two splits at Ibrox.
One is in the dressing room, and the other is in the Blue Room.
The effect of the former was plain to see tonight.
However, it is the latter fissure which will account for the largest consumption of jelly and ice cream on Planet Fitba since 2012.
The half-arsed financial plan for this season was to make the group stages of the Europa League.
Even at that, with best case scenario on points won and full houses, the Holding Company Vehicle was still running at a massive deficit.
Now?
Well, dear reader, you do the math!
As ever The People are stunningly credulous and soon they will be gazing in awe at some high-Level squirrel.
What they don’t seem to be able to grasp is that Sevco is a loss making business without a credit line from a bank.
They are also rather shite at football.
For the avoidance of doubt…
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And now the end is near and so theyo face the final curtain bye bye sevco.
Does that count as a quintessential brexit?
Progres 2
Seventeenth Century 0
“It is hard to overstate the negative impact that this result will have at the 5 year old club”
I could have stopped reading right there.
Of course, I didn’t.
I read and re-read it. It sounded better every time.
U c what Pedro has done , he know if he takes the(el ) out of the word people he’s left with the pope , sharp man
Day to remember your good self,Rangerstaxcase,PMcC,Asterix years (PL) and all who contributed to bring the first round to an end. Now the truth is out what next?
A day my old man would have loved as he was told the stories handed down and passed on of the hatred that was shared by so many if you were not one of the klan.
The liquidation
The death
The Brexit progres
The betrayal of the Huns by their own
What a time to be alive and to have witnessed what so many knew to be an injustice.
HMRC win on penalties !!!!!!!
developing story!!!
Every single fan has to email CFC today to take action on titles.
Zed, Can you supply us with an email address. I just hope, like yourself, that there are many fans who feel strongly enough to do so. However, I also realise that there whingers aplenty who will never do so.
Well, the green boot ban worked a treat. The motivational WATP slogans did their job.
I think the last leg in this, given the rage I’ve seen in the peepil since the result, will be the banishment of those darned kaffliks (foreign & homegrown) – that will turn this great Holding Vehicle Institution around.
I’m not religious at all but after the triumphalism over the weekend in Glasgow, the DUP inspired boldness of our 6 fingered cousins, maybe this is the rebalancing/karma beginning.
Keep up the good work Phil
Will be interested to see what figures ‘Rugger Guy’ comes up with..
But my understanding that Europa revenue in raw cash terms (unless you go all the way) is not going to get you financial security for years to come.
The implications are more accumulative due to the lack of exposure in Europe, the home gate money certainly, the feel good factor generated (ahem), the merchandise sales thus generated (ahem, ahem), improved and additional sponsorship deals (cough), attracting better players during the two transfer windows (splutter) , and investing (he he he) that income in a way that gives genuine returns…
Oh Dear!
They are saying last night was the worst Europen result in Scottish club footballing History.
Outside of May 1967.. I think its the best!!!
Fourth best team in Luxembourg they are saying. Defeating the THIRD best team in Scotland.
Now what time is that Supreme Court result due out?
The Dorrans transfer subject to a medical today. Don’t be surprised anyone if a move-threatening condition is discovered.
Theresa May will be on the phone to Brother Pedro this morning, asking him how to get out of Europe so quickly. Maybe next year, they could be our representatives in the Eurovision Song Contest. I think that would seem them in Europe a bit longer than 180 minutes.
League starts on 5th August. What games has Pedro lined up to get his squad up to speed?
Have SEVCO and the SFA dodged a bullet with them not Progres(s)ing (sic) in the EuroLeague, from a legal point of view?
I’m sure Dave has already sent Pedro the letter accepting his resignation.
Even though it is funny,and it is, the licence in the first place to grant them entry is not. Unaudited accounts,with a chairman saying soft loans were required in June,yet the corrupt sfa give them entry into Europe.
Why no shout from Hearts or any other team who finished below Sevco,is just bewildering.
But it is soooo funny another bowl.
I see the press are conducting there usual cover up of sevco bad results by giving it very little coverage but they can’t write a good team for them reality bites again for them ha ha no sevco in Europe thanks Phil for shining the light of truth on all their lies
https://mobile.twitter.com/Liam_O_Hare/status/881542649035071488/video/1
have you sen this Phil
Glasgow on Saturday
They seem to have survived so many near thing’s in the last 5 years but this feels so reminiscent of 2012 – gambling on a European run and a poor result closing the last doors.
Amongst the hubris and bullshit around that club there must also be some sense in the boardroom.
The financial task must now look utterly ridiculous – no prospect of raising money through equity so no payback for directors who are now the only source of finance.
Hard to judge the new sevco player’s?,
I have and I judge them to be pash… hehaw
We were told Kenny Misser would “bring the new guys on”.
Clearly there’s a lack of communication. Has Kenny not been learning his Spanish and Portuguese phrases?
Lazy Kenny. Just plain lazy.
Phil-
“They are also rather shite at football”.
Priceless.
Can’t say I never saw it coming, but priceless nonetheless.
If only tomorrow follow-follows on, this will be a week from the heavens above!
Why does UEFA list this version of “Rangers” with the RFC letters on a blue square (instead of a shield) and NO stars
Whereas the SMSM and Sky sports use the ball and lion badge of old Liquidated Rangers?
It’s so confusing.
http://www.uefa.com/uefaeuropaleague/season=2018/clubs/club=50121/index.html#/pg
Spare a thought for the thousands of Bears heading to Luxembourg tomorrow night they bought their flights right after the draw, before the fixture was moved, oh dear.
…and the ones who boldly (read as staunchly) already booked a cheeky week in Limassol.
Te he he he he !
Bring back Super Ally. We will never know how great a manager he really is [Keith Jackson, Daily Record].
I cannot see Sevco taking any of Celtic’s three trophies from them this season.
Perhaps the SFA could wangle Sevco entry and home games in the Petrofac cup?
Cup home games will be critical to survival this season. Corrupt draws necessary.
They used up those last season. Mathematical probability of the home draws they received was ridiculous, they’ll never get away with it two seasons in a row.
They are already defying the law of averages with their incredible run of home draws, the SFA and SPFL really will be testing credulity with another season of home draws for them!
The soft loan guys are all relatively wealthy men. Relatively being the important word here. In comparison to me and probably the vast majority of the followers of this site they have wealth we can only dream of. But their wealth IS finite. None of them are billionaires or remotely close.
They simply cannot keep bailing out sevco season after season after season. There has to come a time when, either individually or collectively, they decide enough is enough and cut their losses.
Unless at that point, someone who genuinely does have wealth off the radar steps in, they will be truly fucked.
As fucked as the most fucked thing in the whole of fuckity fuckdom. Deader than Monty Python’s deceased parrot. The quicker that day comes the better.
Got £20 on at 9-1 , will pay for the nephews new Celtic tops ,the gift …and the laughter…Pedro better stay away from those bon fires ,or he may find himself atop. Be lucky Phil
Hi phil how much do you think that game would have cost them ..
on the night and missing out on the rest of the European games
I will ask Rugger Guy to crunch the numbers on it soon.
However, the best assessment of their finances will be made on September 1st when we see how many players they have sold etc.
At least Celtic knocked out Lincoln Red Imps over 2 legs.
Oh dear Sevco.
At least the Red Imps weapon will be put away now by Re Peepul.
This is what happens when cheats get into Europe, what say you now Mrs budge? Oh aye yer ground was not ready.
Never underestimate Sevco.
This should be a warning to all observers of the new team. They are a rare phenomenon; even the most sceptical football fans would have expected them to progress at the expense of the 4th best team in Luxembourg. I suppose they can count themselves lucky not to have drawn the second or third best team; that could have been a real drubbing. The “follow followers” must be wondering about their season ticket advances and the failure of European referees to rise to the high standards of our ” honest mistake merchants”. How the Daily Rangers spins this will be interesting.
i won 240£ tonite on them getting pumped
Well the club shares have crashed after this.
No euro revenue.
Big Mike cashed in and got out before the shares tumble.
I really feel sorry for Regan and the SFA. All that dodgy effort for nothing.
Please don’t ever feel sorry for those cheating bastards….
Not even in jest.
HH
According to Dave King:
1. Celtic should be further ahead ?
2. Real SevcoRangers supporters don’t criticize the club. Therefore these performances.
Greens business plan for was to get into. Europe, the big cup, 12 months ago….nuff said…the zombies have a silver tesco steak through their hearts. Not even zombies live forever.
Feel the pain.
Five year old Scottish club tanked in Europe by part time nobodies.
Haw haw haw…hee haw…
Well they speculated to accumulate… haw haw haw…
All the speculative money spent with zero accumulation.
Sevco the gift that keeps on giving.
All I can say is girfuy Regan and the SFA for giving them a corrupt FFP breaking license. That should still be investigated by UEFA.
King’s management of this club on and off the field is shocking.
I expect a policy of only Orange boots to be worn, to be released tomorrow.
June crisis loans. Lol.
And they all ponied up. Lol hahaha
You’re alesta so doom and gloom Phil. Sevco won’t go home open handed, they’ll get their share of the gate money. And the pictures made it look as though the Niederkorn stadium (capacity 4830) was quite full. It’s an ill wind that blows no good.
Always. Bloody textphone.
They don’t get any share of the gate money. If I was the Chairman, President, whatever, of Progres I’d be worried about getting the money for the the tickets given to sevco to sell to the bears or the money for the damage to the stadium. Remember the stunt they pulled with Celtic last season.
A month before their next competitive match, the directors will be desperately organising emergency friendly matches and returning to the bank of others peoples money to keep the lights on this season
The Green boot ban and the slogan on the walls seems to be working a treat .Well done to the fourth best team in tiny Luxembourg celebrate tonight lads back to the day job tomorrow …..job well done
I think all readers of this website will have to contact their GP for the recent new drug that came on to the market called “Neurodex” – believe it or not it’s a new ANTI-LAUGHTER drug!! I need at least 6 months supply….
cant buy a thill……..
If some beer or other did football results….
Out of Europe, before they have lit those Damn bonfire’s.
Dear oh Dear…………….
They are rather shite at Football..Brilliant Phil
Not bad for third best team in Glasgow. Can’t see them reaching the giddy heights of the first round of the Europa league ever again. At least they enjoyed their three hours of fame. £6M Barry away to Notts forest for £500k. Priceless. All we need is good news tomorrow for the old club who played at Ibrokes. Perfect storm time. I hope.
They are actually only the 4th best team in Glasgow, ’cause there are only 4 teams and one of them is supposedly amateur.
Well Phil, I think the advice you said given to young McKay, to sit tight, will certainly be sound advice. The dressing room split will soon be as wide as the Clyde in Govan and, the split in the Blue Room non-existant as they unite and Pedro is shipped home before the September weekend.
Given to Andy Halliday…
I’ve lasted longer in Europe…..I fly back from the Algarve tomorrow. ???
That is funny. HH
This is just so epic, after them singing about the Lisbon Lions not seeing 10 in a row and behaving like animals in the town centre of Luxembourg before the game and Glasgow last Saturday it is just too surreal.
I feel like I’m living in the matrix as you couldn’t write the script.
Their fans will be venting a lot of anger over the coming weeks.
Administration is surely knocking on the door now.
Administration comes from unpaid creditors pushing that button.
Most of the Sevco debt is internal so Admin is unlikely.
However, this is a massive financial blow.
No question about that.
Debt might be internal. However wages need to be paid. Cash flow kills more businesses than anything else. How long can you run a business that spends more than it earns?
Unless the same faces step up with added hefty soft loans I think they’re Donald Ducked. There is still the issue of the Takeover Panel and the rotten roofs, plus the Magic Hat compo case. How many Sevco jersey’s does Ashley need to sell to cover that? This is before the revenue catastrophe of losing to a part-time Euro outfit over 180 mins tonight. You could look at it they did well for a first ever Euro tie to run Progres close. Steady Progres.
No financial blow for people in the know..Progres 9/1 to win and 14/1 to get to next round..winner winner chicken dinner..
Unbelievable.
One of the worst results in their 4 year history.
Come..Come..
5 year history that is!
Brian
What are you talking about. Celtic aren’t in this cup. Therefore the results don’t count.
Although Sevco 2012 have been humped by other part-time outfits, so hardly a new development.
Please be accurate, 5 year history.