What kind of squad has Mr Gerrard inherited?
I’m told that a senior Sevco emissary approached a club in the English Championship club to test their interest in goalkeeper Wes Foderingham.
£3.5m was the asking price.
I’m afraid the chap in England found this valuation rather risible.
I suppose that is the reason that he laughed down the phone.
He told the Sevco functionary that a firm bid of £1.2m was on the table and to come back when he was serious.
Of course, players will need to be shifted to bring in much indeed cash, but also to reduce the wage bill.
For a bit of perspective, the combined cost of Bruno Alves and Fábio Cardoso to Sevco is between £45k and £50k per week.
Then there is new all-star management team.
Mr Gerard and Mr McAlister are costing the basket of assets £65k per week in total.
With the ex-England captain accounting for £45k of that weekly wedge.
That is £3.38m per annum.
At the time of writing, only Kenny Miller represents a major saving off the Sevco wage bill.
The new loan deal for Carlos Alberto Peña Rodríguez is still on the Ibrox payroll.
Club Necaxa are paying a similar amount to what Cruz Azul were contributing and that is no more than £10k per week.
One of the striking things about this current Sevco squad is the lack of any substantial equity.
In the absence of any genuine quality the Stenography Corps, acting on high-Level instructions has tried to drum up interest.
Some things do remain a constant on Planet Fitba and Sevco is still a lossmaking business without a credit line from a bank.
Last season they needed regular infusions of lifesaving liquidity and this campaign will be no different.
Of course, The People do not care for such mere details.
You may recall that they were sneeringly dismissive of my reportage in 2011.
It can all be accessed here on the blog archive.
It is fully searchable and, like this site, is free to view.
The very notion that the Craig Whyte regime was in cash flow difficulties in 2011 was dismissed as pernicious fantasy.
It wasn’t.
It was true.
The following June as The People wept on CVA Day outside Ibrox their plaintive wail was that no one had warned them.
Not true…
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The fire sale begins. They sign a couple of players to appease the fans but will have to offload to pay, Moreless, Tavernier. they will sell it as Stevie G making changes and going for 5.5
The amount of hard cash exiting the crumbledome is staggering and the amount of unusable “talent” sitting on their arses drawing off a fantastic wad of cash week in week out tells that there’s a very thin line between being gifted or being lucky. Of course if the sevco board weren’t such morons then nobody would get lucky. Surely this can’t be sustained much longer or are they trying to secure a B team? The board members have allowed King Con to trample over them but they are the ones who will be held to account when the cup runneth dry. HH
No word in the daily the ranger about UEFA , bottle preparing squad for league opener. Found that funny may have read it wrong
That’s an incredible wage for an assistant never mind his rookie boss considering the wage structure of his predecessors. I cannot see how they can get past February after paying off the Close loan of 4m even with an extended run in the Europa league . Even a return bid from Beijing Rehne for Morelos (cough) wouldn’t be enough to break even. The share issue looks like a dead duck ,the TOP offer is still being ignored and those pesky roof repairs are yet to get under way. Did I miss anything?
Oh yes, the directors loans.
What in God’s name is King’s endgame here?
Does he want the stadium in lieu of his debt to sell to Tesco ?
Boo hoo – everyone’s fault but their own. They deserve everything that’s happened to them since.
Off topic Phil, I hear that there has at last been a memorial unveilled today in Glasgow Green to remember the victims of the Irish and Highlands famines – will visit it soon to pay my respects.
Pity they couldn’t give the Irish something of their own in Glasgow.
Unimpressed…
As a son of Donegal parents, I feel as much for the Scottish Highlanders and Islanders as I do for our own. Ours were starving and left their homeland. They were starving and were driven from their homelands, often on the end of a whip. I have no problem sharing a memorial.
The Irish Community in Glasgow are building their own memorial to An Gorta Mór.
Hear hear that man,I never knew that.Things like that wee snippet keep reminding me that this site is without equal,nought comes close for inside news.I’m not blowing smoke,the truths the truth,end of.
Do you have any other details for that Phil or is still in the early stages,funding and planning etc. to be revealed at a later date?
Well said sir…
Tha sin gu dearbh, mo dhuine.
Bha beachd an t-ùghdar beagan searbh.