Today is CVA Day.
Of course, six years ago this month the stenography corps had been soothing The People that a CVA was in the bag.
Alas, I was a contrarian voice.
As soon as Administration happened in February 2012 I was calling it for liquidation.
When it finally dropped six years ago today the mainstream media were shocked into telling the truth about what had happened.
However, it didn’t last long and a chap on the Herald came up with “Engine Room Subsidiary”.
The story of how the SMSM got it hilariously wrong can be read on the blog archive.
Then today the basket of assets signed Nikola Katic from Slaven Belupo.
No doubt the stenographers will gush that young chap is the most wonderful footballer ever to emerge from, well, anywhere.
A source in agent land suggested that I follow the money.
I’m told that the initial outlay for the Engine Room Subsidiary on this chap is in excess of £1m.
That is comprised of 40% first tranche of the transfer, plus the signing on fee for the player and the agent gets his cut too.
Once more, this is a short-term headline chasing move.
Keep the feelgood factor going for season ticket sales and Club 1872 contributions.
I am reliably informed that a certain inter-galactic PR Guru was reprimanded by his South African based master for the Club 1872 loan story.
Of course, his boss in Johannesburg pays him to stop this sort of stuff getting out.
So it is just another day on the Insolvency Express with a further addition to the wage bill.
Across the Clyde, the biggest club in Scotland has a sustainable business model and tens of millions in the bank.
On CVA Day Celtic announced that season tickets had sold out a month earlier than last summer.
All 52,000 of them.
That means that there are more Celtic season ticket holders than there are seats inside Ibrox.
Meanwhile, the Sevco High Command is forced to access emergency finance from the distressed sector and a supporters organisation.
It is worth reminding that the club that was established after the original Rangers was extinguished has never broken even, let alone made a profit.
Old Rangers died from a toxic mixture of Herrenvolk hubris and a belief that rules were for lesser clubs.
Thankfully, Hector took a different view.
Now Sevco seems to be on a similar suicidal path.
When the music stops for Sevco the klan will bleat that no one warned them.
They said that about Rangers in 2012.
They were wrong.