Some worrying news reaches me from across the Pond.
It would appear that a highly dignified member of the Sevco High Command wants to get the hell outta Dodge.
Moreover, he wants his money back too.
If this comes to pass then it means that two ethnic brogue wearers have left the Blue Room in recent weeks.
The unexpected resignation of Mr Paul Murray certainly shocked seasoned Sevco watchers including myself.
I cannot imagine that the immaculately coiffed director would resign if he had envisaged a golden future for his beloved basket of assets.
My information is that there are another two resignation letters in the Blue Room, but they have been Parked until July.
That means that they do not need to figure in the year-end accounts.
It is a real bugger when a loan from a director becomes a pesky external one after a boardroom resignation.
Fair play…
On a day to day basis, it isn’t any easier.
There are three suppliers who have been banging on the Serious Professional’s door recently.
However, the poor chap requires stuff to be authorised and you need a meeting for that.
As my regular readers will know that there wasn’t one last Friday.
Oh, and don’t be surprised if the Wi-Fi guy pops up again.
Of course, if you weren’t reading this dear reader and relying only on the Radar Press you would think that everything was wonderful at Ibrox.
It isn’t.
Then again, the same award-winning media told you in 2010 that Craig Whyte was a billionaire.
He wasn’t.
For the avoidance of doubt, I was a contrarian on that one back then.
Eight years later the high-Level narrative about Mr Gerrard making everything better only works if you don’t follow the money.
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By the time Brendan Rodgers acheives 10IAR, Celtic will have 52 league titles. Will Brendan be able to resist sticking around to Go For 55? I think he would find it impossble to leave.
Of course there’ll always be the question of whether 10IAR and Got55 will count if The Third Rangers are battling plasters and postmen in the lower leagues.
And of course, there’ll always be the answer: WGAF!
They’re just making way for more directors and Hong Kong investment. So I’ve heard. Despite there being no cap on board seats.
There would seem to be some urgency for DavieG to do a share issue to convert soft director loans into worthless shares so the bear-sized rats leaving HMS Sevco do not become outside creditors with inside knowledge.
Shirley, DavieG wouldn’t defy the TOP and CoS to force through such a thing.
It all seems to me like DavieG is building a multi-story House of Excuses – a human shield of people to blame when the inevitable happens. Who’s to blame DavieG the SMSM will ask – is it you?
TOP – City bullying of a honest Scottish institution
CoS – medieval justice, not fit for purpose in these modern times
The Three Bears – abandoned ship and destabilised a sound ten year financial plan
Close Brothers – cruel, opportunistic asset-stripping of a viable Scottish company, driven by pure greed
UEFA – petty bureaucrats who know nothing about football, killing the Scottish game
StevieG – promised to bring in investors for the honour of managing The Rangers, but he let us all down badly – so disappointing
HMRC – expected prompt payment of taxes – do they know nothing of our traditions
WiFi Guy – says he has a familiy to feed and employees to pay, but is he a Tim.
Gravitional Waves – unprecedented activity due to global warming wrecked the Jandy Sardine Stand – we’ll be suing the Sun, the Earth’s core and Prof Brian Cox.
Thanks DavieG the SMSM will say, we were certain you were blameless – no need for further probing questions. “What’s a probing question?” askes Chris Jackass.
You don’t need artificial intelligence to predict the SMSM headlines months in advance.
This is tremendous 😀
Take a bow ?
Surrender, yes.
Reminds me of the head of the Prizzi family saying to the Jack Nicholson character as he orders the hit on Dominic Prizzi:
“We Prizzis love our family. But we love our money much more.”
Straying to sound like there is barely ‘a board’ to speak of left at HMS ‘Statement FC’….
When does she go down?
Surely not on the Boardroom front!
You’ll be telling us next that the Messiah Steven will not be arriving on 1 June as prophesised….
I am just happy that Arsenal have got a manager
phew !!
Got to hand it to Chris Jack. After weeks of promoting Skrtel as the next big thing at Ibrox it now appears, according to Hack, that he was never on Gerrards list of must haves.
Oh dear Chris.
Arfield tick, spent most of last season on the bench, McGregor tick, 30 something and counting, Murphy tick, has Lustig let him out of his pocket? Plus further instalments yet to be paid to Brighton.
What about the young Brighton centre back, that’s gone a bit quiet?
Hardly a whose who is it?
With Gerrard not officially picking up the reins till 1st June there will be a massive push to unveil a big money signing alongside the new manager.
Whose going to be put forward now as the next big thing?
Would the creditors of the pseudo-Rangers not get paid quicker if they just went to court and asked for an enforcement order with costs?
Okay so if this is true why not post the letters or emails? Or is it just another time you have been full of it? Just like the euro licence rangers had been refused? Of course you won’t post this reply as your a coward who can’t take the fact people might challenge what you are saying! I mean you talk about hate and bigotry yet you run a site that shows nothing but hatred towards Rangers and bigotry to anyone associated with said club. You refer to rangers fans as the klan and the shame of Scotland yet completely fail to acknowledge any wrong doing by celtics fans, I was in Sunderland and Newcastle during the summer and seen the awful behaviour by Celtic fans and heard to chants about a dead soldier, more importantly and dead farther and husband but it was Celtic fans so it’s fine! you are a complete hypocrite and at worst a full blown liar!
Hatred – yes
Bigotry – no
Oh dear !
Come on Phil, stop the mischief with these comedy comments – we all know that no-one could possibly be such a silly billy.
I think he’s been drinking.
Perhaps a Double Treble…
*ooft*
Well-played.
Poor Phillip Holliday. You do know that truth sounds like hate to those who hate truth, don’t you?
Anyway, the clock is ticking again for a club claiming to be Rangers. Too bad – I did so love humping the pale facsimile.
I hope your new club manages to survive until Celtic have surpassed every miserable record you’ve managed to accumulate over the years through sectarianism, financial doping and tax evasion, which is all of them.
Enjoy the Stevie G revolution. We will. After all, had he not slipped on his arse against Chelsea, Liverpool would have won the league and Brendan would not be Celtic manager. It’s a funny old game, football. Pip! Pip!
Not I financial expert by any means . But what is the deal with not wanting /Having their names in the year end accounts? Why is this of any significance ?
If a company director is appointed or resigns it must be listed in the annual accounts. Sevco’s run to the end of June, so it may be that the Park’s have resigned, effective from July. While appointments/resignations MUST be registered with Companies House immediately, they wouldn’t be mentioned in this years accounts. And as the club is reliant on soft loans from said directors it would be beneficial from an accounting perspective, especially if UEFA licences were in dispute.
Lovely news. Hope it gets worse on reflection.
What’s that story about rats and a sinking ship?
? HMS SEVCO
Could there be any implications of the UEFA fair play guidelines. If the loans are from directors are they treated differently. Is it convenient that they remain as directors during the final review if applications by UEFA
So, once again it’s business as unusual at Rangers *.
Fine with me.
Will the 3 suppliers manage to get on the last bus before it departs? Less than 55days to find out.
Worrying times. I hope that it is only jet lag that keeps you awake at night, Phil.
Indeed Phil. The rats are leaving the ship.
People use that expression nowadays intending “rats” in the sense of “disloyal”, but this is a distortion. It has been proverbial since at least the time of the Romans that rats and mice instinctively sense impending disaster before humans do – which is the original meaning of the expression.
And of course the individuals in our tale here also have some inside track on what’s going down.
That’s “going down” in the sense of “with all hands on board”.
I mean, no disloyalty implied. You can have Loyal rats too.
I wouldn’t ever describe loyalists as rats. Rats are actually quite clever wee buggers!
Frankly his involvement with the old club should have ensured he was allowed no where near the new one or Scottish football in general.
But like King the SFA did SFA.
The new club deserve everything karma is saving up for them.
But I thought he was holding a company vehicle ? Or have I got that one wrong again ?
I thought the WIFI thingy had all been settled out of court?
Though at the same time it was strange that no comments had been made by the club or fans about how well, or otherwise, the WIFI system was working.
Is there WIFI access available in the season?
No surprise that a number of brogue wearers are queing up to get out of Dodge.
You don’t need to be an ICAS member or know your way around a spreadsheet to realise that the numbers don’t add up.
One would hope that Mr Gerrards advisors had completed proper due diligence before allowing their client to sign on the dotted line. It looks as if Gerrards ego is driving the deal as he sees it, wrongly, as a quick route to a big job in the EPL.
The serious professional trying to juggle the plates must be at his wits end when he hears talk of £3.5m for Skrtel and £2m for the Brighton defender plus of course the wages to match the fee.
Add the Close Bros loan to those 2 deals alone then more than 50% of ST monies has gone in a flash.
If it all goes to pot those left steering the ship better be prepared for the flak coming their way.
I hear that he hasn’t actually signed on any dotted line as yet, but i’m half deaf, so might be wrong on that one.
Hold on Phil,
Are you saying I’ve actually to ignore our wonderful press exclusives regarding the arrival of such as Skyrtle, Defoe, Suarez, perhaps even the allegedly unsettled Bale and Neymar? Surely not?
I believe a pathetic, Glasgow based rag, which employs at least one award winning fantasist had an 8 page pull out on our Double Treble season today…..How galling must it be for them to know that even with such an effort, no self respecting Celtic fan would consider buying it.
I’m sure they could find a column or two for the completely fair and unbiased Mr. Dodds with his “McGregor’s taken it with his right foot when he’s left-footed” and “Ntcham’s shot has deflected off a Motherwell leg”.
Ready made for them I’d say. ….Not that I’ll be buying it to see!
Thank God for your endless exposes on all things Sevco, otherwise the first couple of sentences above may have come to pass.
Fiscal irregularities in Fantasia, surely not.
For today’s song I’m torn between Close to You by The Carpenters or Beg, Steal or Borrow by The New Seekers. Other sevco-themed tunes are available. HH
Simply Red’s “Money’s Too Tight to Mention”? New Order’s “Thieves Like Us” is probably more appropriate where Glibby’s concerned though. Especially as it can be found on the 2008 version of their album “Power, Corruption & Lies”. That could well be the Sevco club motto.
“Quelle Surprise!” Heh! Heh!Heh!
Great work Phil.
Many thanks.
If the resigning directors loan which was internal, turns into an external loan, does this affect the Euro license as regards the FFP, as it is more debt for the slithery one to cover.
I pity those sevconians I really do. The new club have them all over a barrel and they “must” challenge Celtic like the old cheating EBT bloated club did. Look where that got them.
Do you think in 2045 we will be talking about Sevco mk7 ?
They will just stumble from clusterfuck to clusterfuck until they get on top (no laughing at the back)
The club and their fans have NO SHAME whatsoever
HH
They’re probably going after AC because of the visit to Crimea by Berlusconi. UEFA as another lapdog organisation.
Masterstroke from UEFA. Just when the compliance officer thought he’d removed the SFA from Sevcos sights by passing the buck they go after AC Milan. Clear message to other associations to get their shit in order. Popcorn at the ready.
Surely this is all one big lie. Much like the one about Sevco Scotland Ltd formed in 2012 being same as Rangers FC formed 1872 and incorporated 1899.
The music’s about to stop and some poor bugger is about to be left holding the UXB. KABOOM. : )
And now we cross live to the marble stair case.
As we take in the place where the brogues are put on show, we observe a clock, a quite fascinating item for until a few years ago it was a bland plain normal sounding one.
Now it just goes Tock, Tock, Tock cause like its owners it has no Tic!
Even more room for new Directors to come in with fresh capital to squander. I am sure Dave could just dip into the overdraft facility to pay those pesky Directors what they are due OR maybe he sees this as a resignation and as we all know that dosn’t require a pay off in the land of King.
Regards the other 2 letters I am sure they are just a couple of blank cheques to help the Stevie G revolution take over and restore the natural order of things.
Phil
The current issues at Ibrox regarding finance will all be sorted in due course, The Honest Chairman is always known for stepping up at the right time with his spectacular financial accumen known as “OPM” when those pesky creditors come calling.
The wifi bill must be off the radar what with directors desperately seeking new positions …
Surely the American can be happy with guarantees from a GASL to cover funds and provide money. In the same way that Mr Gerrard and the SFA have been so trusting. I mean he wouldn’t be thinking there’s more value in a Chinese bid than a Kings promise would he