At the start of the January window, it was essential that Sevco reduce their wage bill.
Instead, they have increased it.
The fact that Alves and the rest of Pedro’s high earners remain on the Ibrox payroll is akin to financial suicide.
Moreover, the behaviour of the basket of assets in the transfer window should have raised major red flags on the sixth floor at Hampden.
As previously advertised here Mr David Cunningham King gave a grandstanding performance to the marks among Sevco’s emotionally damaged clientele
He assured them that all was well and that they had to ignore stories that the club was in financial difficulties.
He then asked them for money!
Apparently, the promise is for every pound that the supporters organisation puts in the directs will double it.
There was a judicious use of the word “we” in the presentation.
Of course, King won’t put in a penny.
Dave doesn’t do that sort of thing.
In fact, the only thing that he personally pays for is high-Level spin.
Before that he had whispered sweet nothings over the succulent sea bass to young Master Murts.
The Sevco manager was delighted to be told that he would be in the hot seat for the next three years.
This news came as a major surprise to the Serious Professional when Murts started to gush about being able to plan for the future.
Then there was the Morelos “story”.
I’m told that last night young Master Murts had to break the news to the unsettled Colombian striker that there was no bid.
Since the … ahem… scoop by the Daily Radar the player’s agent had been knocking on the Ibrox door asking for an improved deal for his client.
Of course, such a yarn would only have a limited life cycle.
Not only is the Sevco chairman a convicted criminal, but he is also capricious.
My information is that the Morelos fable was ordered up in a fit of pique as Celtic secured the services of Charly Musonda on an 18-month loan deal.
Then there was the Jamie Murphy saga.
The news that the attempt to sign the player had become a loan deal was broken here by your humble correspondent.
I had several well-placed sources that told me that the folk at Brighton were incredulous that the Ibrox outfit was trying to buy a player by putting no money down.
For the avoidance of doubt, I am not aware of any senior football club in Britain that behaves in this way.
The people who govern the game in Scotland should be across this.
Moreover, the local media should be drilling down into the detail.
Instead, The People are regaled with tales of with moonbeams on the back pages.
The rest of us have seen this movie before.
It doesn’t end well for the Ibrox clientele, but it is great entertainment for the rest of Planet Fitba.
More seriously though, the men entrusted to ensure that the national game in Scotland is straight are once more asleep at the wheel about an impending financial implosion at Ibrox.