The 4th of August was meant to be, well, an august day for the Sevco High Command.
Last Friday was marked down as a big date in the diary of the Blue Room chaps.
That is because Mr David Cunningham King was meant to be dialling in to reveal the Grand Plan to finally deal with the impending Take Over Panel thingy.
Sadly, at very much the last minute, he was unavailable.
A terrible shame that.
Dashed bad luck.
I do hope that he is ok.
I’m told that one transatlantic caller became rather exercised at the sudden unavailability of the esteemed chairman.
Interestingly, I’m also informed that those excellent chaps from Campbell Dallas were there to lay out their forensic findings.
However, just before they had the floor they were told to merely give a précis of the state of financial fair play at the Holding Company vehicle.
It will come as no surprise to regular readers here that the current wage bill at the Engine Room Subsidiary is cripplingly unsustainable.
Young Master Waghorn leaving today was definitely a help as was the departure of Rob Kiernan.
More will need to come off the wage bill and, crucially, they should also bring in a substantial transfer fee.
It was stated that a major cash injection would be required in September.
Once more, this will come as no surprise to regular readers of this site.
If one austerity measure goes ahead then employees at Sevco will find out that the Serious Professional is not their flexible friend.
I’m sure those excellent fellows at Campbell Dallas would agree with me that they are currently auditing the accounts of a loss making business without a credit line from a bank.
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Once again you fail to see the big picture, Waggy apparently commanded a £1M+ fee, which will amply pay for McLean and Walker and anyone else they desire (that O’Halloran looks some player).
Put on the spot and pushed for time, did Campbell Dallas paraphrase Leigh Griffiths?
Here’s a £. That should see them through till Sunday.
But £1nillion for wagthorn? Any scoop on this bounty?
Iceberg dead ahead
I thought his name was Waghorn(pen)
So will the young lad from hearts not be going to sevco then phil
They are also auditing the accounts of the most embarrassing football entity that ever relied on life support.
Retired Judge Nimmo-Smith made assumptions in his football Commission into Rangers FC EBTs.
Nimmo-Smith presumed the EBT tax avoidance was legal. It has been finally judged at the Supreme Court that EBTs were unlawful.
The normal five year statute of limitation of appeal cannot seriously apply in this situation as no appeal could be lodged on EBTs until the legal system declared them unlawful with finality. This took over five years.
A five year statute enforcement due to a legal system taking over five years is quite simply a miscarriage of justice.
Celtic and Hearts backing Aberdeen FC at Aberdeen council. No support from Sevco.
Lawwell and Budge publicly supporting Milne with letters.
Says a lot.
Celtic really supports Aberdeen FC and Milne habitually goes public with calls to move on. Are the two linked? Go figure!
Milne got £1.35m net, Ryan Christie and Gary MacKay-Steven.
Lawwell got Johnny Hayes (valued at £650k).
Lawwell is supposed to be the hard nosed player dealing businessman.
What’s going on? Because Milne sticks two fingers at Celtic fans regularly with his “moving on” crap. Is that what PL is buying? Using Celtic fans money?
In six years CFC have issued two short statements only.
I have to be honest and say that I personally did not greet the new season of Scottish football with much enthusiasm… Something I knew would be the case. I live in England and the incessant promotion of the imminent EPL season is stomach retching in its level of saturation. My reception to this weakened last year and has now pretty much shut down.
I was of course interested in how Celtic performed in the season opener ‘up North’ but only through instinct and habbit rather than gripping enthusiasm.
At least normal service has resumed there… and I’m not just talking about referee performances and honest mistakes. Celtic look like a team that will mature as the season does. Sevco look like a pirate ship’s crew torn between desertion and cutting the captains throat. They will only go backwards and thats not taking into account all the financial issues they are towing along with them.
I think my lack of enthusiasm is a symptom of my feel that the movement to ‘Strip The Titles’ seems to have ground to a halt, or perhaps ‘run-aground’… Has the combination of a compliant media, lack of voice from key clubs (cowards) and a poorly cohesive & disparate campaign given Reagan and co. the desired result? I HOPE NOT!
In addition to spineless Aberdeen and Hearts losing their voices, I can’t help thinking that Celtic should be saying more, although I do appreciate that they can’t be seen to be the ‘lone-voice’ in this. We know how the media, SFA, SPFL, BFDJ, Sevco et. al. would respond to that! I hope there are things happening in the background. In addition, and being someone who has appreciated the ‘buzz’ that The Green Brigade bring to matches with their vocal and visual displays – I seriously feel that they missed a trick or two by investing their time and artistic skills in some kind of mock Brendan Rodgers/Paramilitary homage rather than a well pointed one regarding the most important issue to hit Scottish Football since it was founded.
Anyway… just a point about league finish positions.
Right now after just ONE league game – it is CELTIC/HIBERNIAN/ABERDEEN/SEVCO
I think that is exactly how it will look in May 2018.
7 in a row is surely on the way, but there will be plenty done to try and make it as difficult as possible, not just opposition, but media, SPFL. referees.
Add to that the guaranteed Sevco ‘home run’ to semi-stages of cup competitions and yes…
Normal service has resumed!
Phil, is there any truth in the rumour that Sevco are changing their name to “undisclosed fee” ?
Lol back to the bottom league of scottish football they will go
Scottish football needs a strong Rangers*?
After the weekend, what’s really whetting my appetite for the season ahead is the battle between Celtic and Hibernian. I take Celtic to win, of course, however, I get the feeling that Neil Lennon is going to relish a tussle with his fellow Norn Irishman, Brendan Rogers. I hope Aberdeen are up for it and Hearts find their feet.
As for Sevco….who gives a toss?
Wonder when the daily record is going to announce that psg are about to pounce with a £100million bid for kenny miller.
Phil,
I find it ironic that the Scottish sports stories are either about Rangers much improved side, some no mark HD in a bar in Baku , another no person who has a bar in his Hun domain at home or all things negative about Celtic (Green brigade) , no back up CF, shortage of CB,s,
Sunderland, Paddy Roberts going everywhere except the Tims.
I suppose some things never change even when they are on the bones of their arses.
Tommy
I’m kind of getting it, this “they’re fecked and only a matter of time before this entity descends into financial hell”. However they are still getting by and it can’t all be down to goat sacrifice to Old Nick in the various Lodges of an orange hue and apron wearers. When will it be ok to get in my provisions of jelly and ice cream?
Tired of seeing them still littering planet football.
Phil, just how ‘impending’ is the fallout from the takeover panel ?
A substantial transfer fee?…apart from the goal keeper , who in their team could be sold for a substantial fee…and even fodringham wouldn’t exactly be many millions.
How these guys allegedly run successful businesses beggars belief. You have been banging this financial morass drum, not a lambeg I hasten to add, for some time . They don’t listen nor do they pay attention. They don’t even learn from their own history, the past 5 years.
Would any person , animal ,inanimate object or anything at all get involved in a business with the GASL ?
How and Why do they get away with this Phil? Although I know the answer it is still incredulous. The best wee bigoted country in the wurld.
Once again I hear Ambulances, Fire Brigades and the Bizzys in the distance, their sirens becoming clearer in the afternoon air. Popcorn already ordered….. Ice Cream and Jelly on hold …………..for now.