Well, I did write yesterday that Sevco was a developing comedy.
The Engine Room Subsidiary turned up to Dens Park last night and gifted three points to the bottom team in the league.
Of course, The People are revolting.
The thing that few of them might dare to consider is the following:
What if there is no cunning plan?
It could be that chaps in the Blue Room are staring into the headlights of mid-table mediocrity as a doubleheader against Aberdeen is next on the fixture list
The Sevco High Command took over in March 2015 thanks to the Off Licence Putsch.
What has transpired since then could be a case study in the Dunning–Kruger effect.
I have mentioned this psychological theory previously apropos the King regime at Sevco.
Both the Admirable Warburton and Poor Pedro were hired, in part, on the basis of non-football related criteria.
The Blue Room chaps thought that the ex-City trader could open doors in the Square Mile.
Then the likeable Portuguese spoofer was appointed because he allegedly knew lots of mega-rich types in the Gulf States.
In the immediate aftermath of the match at Dens Park, an inter-galactic PR guru and a magnificently maned factotum were spotted in a deep conclave.
I think this explains the sock puppet activity on social media late last night.
However, the futile attempts to stem the rising tide of anger against the Sevco High Command made the poster appear a bit of a Canute.
The most excellent Graeme Stuart Murty had a brief discussion with the Serious Professional about the vacant situation.
He implored the Sevco High Command to make a decision on the vacancy without any further delay.
It might then come as a surprise to learn that at the regular meeting of the Sevco High Command yesterday morning the managerial situation was NOT discussed.
What was on the agenda was the impending cash crisis and a growing pile of unpaid invoices.
Once more a senior director stated that he would not be putting up any more cash to keep the lights on at Sevco.
Such largesse has been Parked and will not be brought back to the table.
Therefore it is now entirely down to Mr David Cunningham King to keep the show on the road.
Oh dear.
This is what happens when you are part of an under-funded hostile take-over.
It rarely ends well.
Talking about a share issue….there is some irony here, they claim it was the holding company that went bust and not the club…yet club 1872 claim they own shares in the club.
An admin and massive cull on wages is surely on the cards. Would put Sevco on 9 points and bottom currently. Sevco could well be relegated given the alleged playing staff would pack up the tools when presented with no wages or an IOU from the administrator. Many would just be shown the door. Happy days.
Even if an appointment is made this week, the prospective helmsman of the rapidly Subsiding Engine Room faces a mildly daunting fixture list.
13 of their remaining 24 matches are against Celtic, Aberdeen, Hibs and Motherwell.
Assuming, of course, a top six finish after 33 games.
“Iceberg!”…
As for a global gnashing of teeth ,I think the great blue diaspora is as mythical as big dj’s £30M,£40M,£50M certainly in terms of making any kind of meaningful contribution to the cause.
The recent Canadian shambles against Benfica being a case in point, under 400 tickets sold.
We have One supporters club in NY with more members than that. be lucky
I couldn’t give a flying feck about this mob….
Leave them to wallow in the mire of their cheating…in which they will eventually drown.
Bring on the Murderwell…
‘Mon the Hoops.
So we’re back to who blinks first, except, this time, Parky isn’t playing at all.
Glib will stump up for the shortfall this month only, to buy himself another four weeks. He’ll keep it at critical month by month. He likes control. Especially of his money.
He wouldn’t hand over three months of funding that would make Parky and everyone comfortable. He’s not here to make them comfortable and delighted. Best to keep everyone worrying, he prefers that. He doesn’t like them at all for forcing his hand. This game isn’t about friends or friendship.
He discusses moves and possible ways out with associates south of the Limpopo. He needs an ingenious idea. I’ve got one, it’s a cracker, but I’m not saying.
I don’t think he would be put out at all if he didn’t pay up in December before Xmas day and they were all out of work.
With the psychological games going on at the top, centred on a complex personality, an habitual liar with other personality failings, there’s nowhere out for this business but bust.
It’s just a matter of time.
One day soon.
The Celtic Board will weep. Sevco is good for Celtic for £2-3m per year. £10m over four years. Giving them a £365k Euro cashback is nothing.
Getting Bigots III into the top tier is a priority for all. Getting Glib to run it would be a bonus.
If it’s Glib’s money running it from here on in, I’m sure he’s figured he should dump everyone and own it 100%. Only Admin achieves that.
If King funds the November wages then that is evidence (1) he is not penniless and (2) he controls NOAL.
He is therefore caught instructing his QC with lies to deliberately mislead in Lord Bannatyne’s Court.
Yeah mate it’s King sitting looking in a mirror playing at who blinks first. Lol.
At what stage of Kübler-Ross would you say they are just now
-1.
the bit before denial.
Pull up a chair.
Pour yourself a beer.
Grab some pop corn.
Bring an umbrella.
Excrement has most definitely departed the anus with velocity, but as yet, has not quite impacted the extractor.
I think that is a fair summary.
Still deeply entrenched in denial I guess.
They haven’t even reached “Denial” since due to their Dunning-Kruger condition they are so thick they have no idea how thick they are. Hence insufficient self-insight to be able to deny what is utterly clear to everyone else.
Even if they get through “Denial” – they won’t get past “Anger” – since that is their default and permanent condition.
And ,again, because they are too thick – they won’t get “Depressed”. They know they are Ra Peepul, hence acceptance of their true position as the shite-eating worms of the football eco-system is way beyond the level of their delusional self-identity.
To put it scientifically – they’re too fucked to know how fucked they are. So sad!
Here’s to a solid victory for the Bhoys on Sunday, as for the tramps, how much laughter can one do. It’s brilliant seeing them all bickering and fighting while the club is a shambles. Long may it continue.
“Of course, the people are revolting.” Saw what you did, love the double entendre. Yes they are revolting and revolting.
You are so rite , loving every bhunn moment of this fiasco, N.B. some day it will cease Aw da poody woody H.H.
Hope Celtic TV is beaming Sevco’s AGM live.
The bootleg-Sevco-Rangers have found their true level. The one that their defunct ancestor would also have been at, had it not been for tax evasion & fraudulent financial instruments.
Even at the height of its dubious, publicly-fundrd success, the late RFC didn’t have the world-wide fan-base of Celtic. They couldn’t hope to emulate the financial success & sustainability of Celtic. Rangers & their bastard Sevco reincarnation’s appeal is confined to a very specific demographic in Scotland & the North of Ireland. There is no marketing potential outside of those two areas.
They are not an attractive proposition for anyone looking to invest money in a football club Well anyone not steeped in their particular brand of “history & culture”. The biggest caveat to any potential investor is their own support. For anyone seeking to link their business through sponsorship, it’s hard to think of a less atractive brand with which to associate your company than their support.
Their future is one of a mid-table SPFL club, competing against Aberdeen, Hearts & Hibs, for the 2nd or 3rd place UEFA Cup qualification. They should forget about Celtic who are now further off their radar than Craig Whyte’s billions.
Despite having no chance of winning the league, competing for second or third place is not mid-table!
I agree, given the unreliability of Hibs, Hearts and St Johnstone I can’t see them finish below 4th assuming Motherwell maintain their recent form.
I agree, but might we have to factor in a 10 point penalty for Administration?
I sometimes wonder which team the clown who described Deidco as “the quintessential British club” supports now. He didn’t look too happy during his interview with “A tenner for every fiver.”
hey M0sstr00per
while you are bang on the money re: their toxicity to any brand looking to “invest” in the world-famous-five -year-old SMELLS LIKE A DUCK FC i’m afraid you’re not quite right when it comes to the locus of their “support”
sadly, much like all the plastic shit bobbing about in the world’s oceans, scotland’s very own herrenvolk have managed to travel far and wide…
i’d be more than certain that as the dee’s 2nd goal hit the back of the net there would have been much wailing and gnashing of dentures in the likes of toronto….. in south africa and oz and across the broad majestic yoonited states of trump…. wherever the narrow minded misogynistic homophobic racist haggis munching 55% jocks gather….. you’ll find ’em under every rock…. waving their blood soaked butcher’s apron
sad but, i think, true….. 😉
HH
They will vote aye and have another share issue, What’s not a given is how many will actually stump up more cash for worthless shares just to pay off Director soft loans totalling nearly 18 million squid and climbing, fast. A possible 7 million could be added to the soft before the season is out. Club 1872, How much have they left after buying out Ashley.?
I believe a NOMAD is required before a share issue can be put into place
That’s probably why they hired Caixinha! I think Qatar may have their own indigenous desert tribes too.
Would also think a prospectus outlining the value of the club, and if these shares are to be sold to anyone other than existing shareholders then they will require a platform to trade. I can’t see the existing directors pumping in another 10million to have more worthless shares. This is a swings and roundabouts action, soft loans to shares then more shares….everytime diluting their own investment in the club……if park is not putting in anymore money then that leaves a huge hole especially if you are hoping he us going to bankroll a further share issue.
Losing last night to Dundee and in the previous match to Hamilton means they only need defeats to the pope and the Vatican to complete the full set.
Alternatively if we use the lyrics their media stooges would have us believe they sing it bodes well for Aberdeen in the impending double header.
The Vatican eleven or ten or nine would have no problem in kicking the Blue HUNS ass any time HH
Let’s all club together and suggest forming a new entity. I know a learned person who says that any debt ( even to the ambulance service ) could be written off, meaning…..erm hold on a minute
Do they have a credit line at the bank…..?
You are joking when you ask if they have a credit line to the bank…? In case you aren’t of course they don’t. Banks want to see profit and loss accounts usually before extending credit facilities.
This club, started life out with investments, they had a whopping £72m of money. That money ran out 3years back since then it’s soft loan after soft loan with no repay.
I don’t think a profit has ever been generated by this 5year old entity….banks tend not to lend to that. Neither do the dodgy sub prime investors. (In layman’s speak the quick quid and money magpies of this world won’t lend to them)
When’s admin how long can this be kept up? I think a mish mash and an insolvency event loom with a third Rangers in line. And you know what. The SFA and others will let it happens continue the same club myth, this time I think the new club will be more prudently run and after celtic amass 10 or 12 in a row, they will be ready to make a bid to challenge our dominance.
I just hope the people stay the journey. The air can be ever so turbulent!!
They never ever had 72 million. Actual hard cash in the bank was more like 20 to 25. (A lot of the shares were 1p). They still burnt through that and another 15 in loans in 5 years so the point is well made. Does sound like the agm might not happen if King gets his orders to pay up for shares or face jail in the UK then the chances of him ( sorry NOAL) stumping up cash is zero.
If there’s anything the last five years have proved to me, it’s that prudently-run is not the fundamental issue.
No-one has managed to make a viable business proposition of the “Rangers” brand in at least a quarter century. In actual unvarnished balance-sheet terms, oldclub shipped about ten million in losses year on year for over 15 years – even *with* the EBT mechanism in place. Newclub’s operating losses have averaged at least 6 million per annum. Even Celtic, which has been run in an exemplary manner, building sustainability brick by brick for almost 25 years, requires Champions League money to nudge into profit over the long term.
The unpalatable fact is, in the modern sport-finance world, there is room for only one big fish in the tiny pond of Scottish football, and the only path for any other club to challenge Celtic for that position would be a PSG-proportion buy-in by some kind of Legend-tier oligarch. Who was happy to do his thing in a tiny national league with annual TV revenue of around 20M.
It’s not going to happen.
The level of fiscal prudence which would make “Rangers” a going concern would require a budget-wage, mid-table team – playing to a full stadium week-in-week-out. And given the “herrenvolk hubris” which Phil has identified as a defining characteristic of the brand’s support, that’s even less likely than the obliging oligarch.
I gather Third Lanark are currently on the up as a modest community football club. Third Rangers, by contrast, would be doomed from the outset – debt-free or not.
You are kidding ya???They could not get CREDIT IN A PAWNBROKER’S
The sevco shambles reminds me of the Wicker Man ending. The viewer thinks that surely this can’t be happening. Help must be on its way …. but it is happening and help isn’t on its way. Murty’s end of game interview summed up the anxiety. He is clearly distressed …. like the 5 year old club.
The Sevco board should have bet what is left in the kitty on an Accies, Dundee double. Maybe they did’nt as the kitty is empty. Is Alves on appearance money and that is the real reason he is not being picked?
If King is not re-elected at the AGM or decides to stand down does that give him a get outta jail free card as regards the TOP offer? Also,if King is the only one left to write the cheques then his impecunious claims are blown out the water . As you have been at pains to point out as long as someone is prepared to “write the cheques” they are fine. It is beginning to look like Dave has duped himself never mind everyone else. I am looking forward to this AGM more than usual especially if Aberdeen can deprive them of 3 pts the evening before. A win will give them temporary respite however after reading the “peoples” comments on the blogospheres last night it is looking increasingly likely that there’s only one straw needed to break the camels back.
P.S.
When is Downfall the sequel going to print?
I don’t think there is anything King can do which gets him off the hook. I think even if he sells all his shares he still has to make an offer for all the shares the concert party don’t own. If you deal in shares of a plc and don’t follow the rules you are basically stiffed.
You mean – the most exceptionally, most very excellent Graeme Stuart Murty
Can we not get behind the famous old new club ?
Like fk