A week down the word mines and I hope that I have the first chapter of my next book to show for it.
However, that will be down to the fine judgment of Madam Editor in West Cork.
While herself down in Tom Barry country goes over my prose I have time to briefly revisit Planet Fitba.
Regular readers will not be surprised that Mr David Cunningham King has now moved the emotional burden onto the Club 1872 chaps.
It would appear that directors keeping the lights on is now Parked.
The Close Brothers loan was a significant development as it signalled that emergency loans from the Blue Room were a thing of the past.
The second security document from Close Brothers made it look like the toughest…ahem… overdraft in history.
It had been hoped that Club 1872 would have been able to find between £1m-£1.25m by the end of March.
Then an additional £1.25-£1.5m by the end of May.
It is an amazing coincidence that the sum of money that has to be found to make it to the end of the season is very similar to the one that NOAL had promised.
It is almost as if Mr King cannot be taken at his word in matters of business.
Almost…
I’m told that there was only one dissenting voice at the meeting with Mr King.
Brave chap.
My information is that Club 1872 currently has something in the region of £610k in the bank.
Clearly, that is not enough.
Mr King has been quite clear with them.
If they want a football team to watch at Ibrox then they will have to step up.
For Dave, it was always about Other People’s Money.
After the success of the Off Licence Putsch in March 2015, it was just about where the OPM would be sourced.
One thing that has amazed my sources is that, contrary to all common sense, Mr King seems prepared to tough it out with the Take Over Panel come what may.
I’m reasonably happy with what I have sent to Madam Editor today.
It is the sequel to my debut which will be published this summer.
As with most things the more that you do something the better you get at it.
However, I couldn’t come up with a plot that would match what is happening at Sevco.
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The accounts will be released late on Thursday in order that the SFA can’t or won’t scrutinise them and the UEFA license application will be granted. If there are any discrepancies the governing body will hide behind dates submitted and time constraints coupled with the self certification of the accounts.
Why can’t the SFA scrutinise RFC’s accounts?
There is this thing many organisations do when they close for a bank holiday…
When they re-open they continue with whatever they were working on before!
It’s mindblowing but many organisations actually do this
OK, to be fair this is the SFA we are talking about so competence and integrity don’t apply.
I think you are on the mark with “won’t” scrutinise them. At least in the conventional sense. They may well scrutinise them with a view to helping formulate the excuse for granting a UEFA licence.
You answered your own question more succinctly than I could.
I allege that right now the SFA and representatives of Sevco are desperately trying to agree on how they fudge this issue.
They won’t scrutinise and they will fall back on the timing of release of accounts and timing for application for UEFA license.
The SFA could not give one flying hoot what anyone says and they will always say that it’s a west coast disgruntled Celtic fan who points out their inadequacies regardless of facts and their shameful collaboration.
I agree with the previous poster who asserted that, based on previous behaviour, the response from Chameleon Boy to the gullibillies will be……………Gie’s yer money and then fuck off pronto.
And their response will be like Ted the Groundskeeper on The Fast Show…………. Yes sir thankee sir we know our place for wee arra peepul.
King will be feeling optimistic though, I mean it’s marching season after all.
John Lennon famously said religion is the opium of the masses.
I think king’s hoping that a more accurate phrase would be religion milks the opm from the (unwashed) masses.
I think you’ll find that quote, or a version of it, was originally uttered by Karl Marx.
Sevco’s latest death throes are bloody funny though. ???
You’re already working on Downfall II? Please, whatever you do, don’t give out any spoilers on the ending…… 😀
“Downfall 2” is many years in the distance if it ever comes out.
I wonder if the unaudited accounts might show a profit like they did last year.
Remember this one: https://www.dailyrecord.co.uk/sport/football/football-news/rangers-chairman-dave-king-takes-10082159
Like you suggest Phil, these plot lines are quite beyond the imagination of most writers.
Funny how that 300k profit turned into a £6.2m loss come the audited accounts, yet no one questioned it.
From memory someone unknown produced the numbers and didn’t even provide a balance sheet.
You can be certain that the unaudited numbers were not the work of Dallas Campbell.
Thank you Phil,
We’ve missed yir updates and good luck wae your new venture.
As for the fiasco that is iboaks,well,Walt Disney couldnae’ve came up that wan.
HH?
The SMSM is full of multi-million pound players that TheRangers need to sign in the summer – a blitz krieg of bollocks for the stupid – who haven’t worked out yet how cynically they are being worked – and that there is simply, just no money left – none at all – none for players – none for roofs – none for memorial walls – and soon none for wages.
When they find out, A&E will resemble the day of a 5-1 humping at Ibrox – and the SMSM will say they preduicted it all along.
There’s is no known substitute for genuine, willful stupidity.
Was it not a famous septuagenarian refusenik who opined that common sense goes out of the window where a certain club is concerned? It seems that all sense does, including a sense of honour.
The club is hemorraging money. Their business model is like a bad episode of Only Fools and Horses.
Only the very daft would put another unsecured penny into this crumbling Ponzi scheme.
Have to disagree…there were no bad episodes of Only Fools and Horses 🙂
“Only the very daft”
I think you may inadvertently stumbled onto something here ?
There’s a fascinating post from one Robert Marshall over on Follow Follow, which I quote in part below:
although publicly RF was apolitical,privately everyone knew I wanted regime change.
I had asked Richard Gough to be the face of RF, to which he agreed. Dave King then asked him to help with his bid,which when he phoned me, I told him it was a no brainer that he would be perfect for it and there would be know problem from our side.
I met with Dave King ( same day as Mark Dingwall and some other lads ) and I was really impressed with him and his plan to oust the board, he basically got everything spot on, including the timings of what would happen. He never sugar coated the problems and never told me a lie
Which might, if read unsympathetically, suggest that Club 1872 was already part of the concert party from a very early stage, and might face problems if they take part in any future share issue. Of course if they can’t actually come up with the cash in the first place then that makes it a different sort of problem altogether.
Oh Phil, how wrong can you be.
Just read a post on a Newco board that the club is in tip top financial shape and the City of London boys are all on board, plus of course there is the new money about to be invested plus a share offer which will bring in millions and repay all the soft loans.
Yep in good health plus a warning that if you read anything to the contrary then don’t believe a word of it.
Not a squeak about King’s wee problem with TOP/COS.
Oh well not long till the fat lady sings and the truth will out.
And so on to Easter Sunday where we celebrate the Messiah rising from the tomb. I must let the local priest aware that some believe (or pretend to believe) that a team called Rangers also rose from the dead.
The good Lord can create Miracles but this’ll take a lot longer
Six days. Felt like a wean on Christmas Eve …
The courts are closed Friday and Monday for Easter. If action is going to be taken will it be 29 March or 4th April?
A snake couldn’t crawl under the GLIB one wearing a lum hat, the snake that is.
These guys in club 1690 have been warned by all and sundry, your good self to the fore. “ Stupid is as stupid does,” as Gump would say.
“Gies all your money, bears. Aw right Mr King. Will we get a seat on the board?
Fuck off, just Gies your dosh.”
You know what? They’ll do just that.
Not a modicum of sympathy for this club of fools
Great post Phil. Thank you.
Excellent work my fenian friend HAIL HAIL, I am just loving this whole fiasco’
No hint as to when the accounts are likely to appear? My money is on 2100 on Thursday, Friday being a Bank Holiday.
I wonder who, if anyone, will attach their name to the numbers?
I think we can discount Dallas Campbell, more likely one of those fine ICAS chappies who are as common as chips at Ibrox.
Are we to conclude that the Lyin King intends to test the courts patience and risk infecting the staunch brogue wearers with the cold shoulder? Or will there be a Friday 9pm R2D2 release saying he has handed back control to the peepul?