An old name in the Sevco sitcom re-emerged today.
Do you recall those fine chaps at Cenkos Securities?
They were involved with Charles of Normandy when the new club was established in 2012.
In the last few days, a legally trained chap in the Blue Room was dispatched by the convict chairman to get them reinvolved with the basket of assets.
The approach was made and the Churchillian pitch was made.
My understanding is that it was an attempt to entice potential investors with the Cenkos folk receiving a finder’s fee.
Alas, there were no takers.
The same fellow then executed Plan B.
This involved him approaching several well-heeled brogue wearers.
The plan was to attempt to sell the Dave King vision for the basket of assets.
Once more, it was no deal.
What was then left was for the begging bowl to be waved under these Blue Noses.
Nothing…
Zero take up.
If only these business types were like those trusting chaps in Club 1872.
I am also hearing that there is a high-Level squirrel in preparation for this weekend.
It will involve three English clubs being interested in Josh Windass.
Expect £3-£4m to be quoted for the ex-Accrington Stanley superstar.
Of course, the price that is being fed to the Stenography Corps is rather cheap by Morelos Chinese currency rates.
Hi Phil great article as always
Phil my question is are we in for summer of discontent in regards of sevco ? Plus how long have they got left until we rid the bastards of Scottish football.
In contrast to a pre season friendly and the first qualifying round of CL being on the Celtic season ticket, over at Ibrox they are forking out for the Bury pre season glamour game and Europa Cup qualifying round.
I suppose those volunteer stewards don’t come cheap.
Hope they go doon the tubes b4 that
Can links still be posted here…??
Or is that forbidden…??
Anyway , Keiser Report: Airbus BR(exiting) the UK (E1247) on you tube has interesting stuff on our old pals at HBOS…well worth a look.
So the MSM are working for ibrox for free, overstating the value of assests in a war of perception and deception. Never before has so much been overvalued for so many to the delight of so few.
Just finished your book Phil and have to say it was one of the best reads I have had in a long time. It has everything. You feel the excitement building all the time you are reading . Thanks again.
I’m glad you enjoyed it David.
July 1st means new financial year at Scottish Footballs newest club.It also signifies 2 other things(at least).
1.u
Unsurprisingly,GLIBs promise of a share issue by the end of June has turned out to be what most of us thought,Lies!.
&
2.£12.9m of loans are due paid by today.Anyone heard anything wrt how this is going?.
Yes. The customary Sevco Windass windbagging. There’ll be more.
But, SG *seems* to be assembling a more impressive squad than his recent predecessors. If the pink string & sealing wax holds together, & he can field an 11 from his growing group, I think they might well perform decently enough on the pitch. Too early to say more than that. It could all end in tears, for sure.
Meanwhile, we need some signings in key areas.
Running costs are £3m a month as per the last audited accounts.
They have risen since then with the wage bill soaring.
Volunteer stewards will hardly make a dent in the numbers and is a clear sign that every penny is a prisoner.
The ST monies will cover the running costs for June through to October, £15m minimum, after that?
There is a £4m payment due to Close Bros in February.
Heading into July it would appear that there is no retail outlet for sale of merchandise!
Just read an article back in the day covering Ashley’s cutting all ties with the Ibrox club.
Very fulsome in praise of King for getting the better of Ashley, no mention of the £3m exit fee that Rangers had to pay, nor the top whack price paid by Club 1872 and one other ‘investor’ for Big Mike’s shares.
The article stated that instead of the 7p in the pound that SD passed over to the club, King’s new deal would bring in an additional £5m per year.
Huge number when you consider that Celtic’s well oiled, professional machine doesn’t generate those kind of numbers.
Who is going to sell the kit because sightings on the high street or on housing estates are few and far between?
It’s hilarious when you read Ibrox punters talking up the value of Windass when they have spent the last two seasons absolutely slagging him to death.
Of course they are looking at the fees Celtic has received over the last few years, Armstrong being the latest, and wishing it was their club who was the beneficiary.
Goodness knows what value they will place on the uncapped Columbian hitman when they read of Everton’s £25m bid for Kieran?
Phil, why are no Newco strips on sale in retail outlets?
Appreciate the your time and the update Phil,
Is this a rerun of lasts years off-season break and they’ve just replaced a few new actors over a sitcom central? Or is it just me ?
Go raibh maith agat arís, Ár Gaeilge, Tuairisceoir Spóirt iontaofa. ….
in english;Thanks again Our Irish Gentleman And Trusted Sports Reporter
HH??☮️✅?
Any word on King’s share issue? ?
Or just could be the big squirrel Phil is on about
Apparently KT is mulling over a move to Everton. Sitting discussing with his GF over dinner. 22.8 million. Massive loss of true. And cheap at that price
https://www.fifetoday.co.uk/sport/football/raith-rovers/raith-game-cancelled-due-to-threat-from-extremists-1-4762156
I wonder if the extremists who have brought about the cancellation of this game of football have any connection with fans of a Club who hated Raith’s former chairman.
They are entitled to a presumption of innocence on this and every occasion. But I am concerned about the rise of fascism in these islands.
It’s refreshing to read a football blog free of grudges, slander & libel …
The internet seems to be rather noisy due to the sound of many virtual toys being jettisoned from a distant blogging pram!
Might there be an increase in decibels once the squirrel takes off and begins its flight path?
Loving this omnishambles.
An old friend once remarked, while quaffing pints of the black nectar and malts,” It’s a wise Eskimo who does not eat yellow snow.” My other friend piped in “ It is an ever wiser Eskimo who does not eat both.” (Sure I’ve quoted this before.)
The point is that these money men can tell the difference between intergalactical pish and shite and the real thing.
Keep it coming Phil. Many thanks.
I can exclusively reveal that two Chinese Clubs have been alerted to the Windass situation and are ready to act.
Both these Clubs were bitterly disappointed that their overtures for Morelos were dismissed out of hand by the Sevco Board…but they now see an opportunity to sign an alternative world class player.
A spokesperson for one of the Clubs …( who shall remain nameless for a whole host of reasons) told me….
“We are excited at the prospect of being able to make an offer for Windass…and have been quietly encouraged that our offer will be strongly considered….although we have to confirm that we are not prepared to go as high as the £13 million which we offered for Morelos.We feel that something in the region of £7 million would be a fair and reasonable offer…and we are quietly confident that we can get this deal over the line.”
You heard it here first.
If TOP/COS between them are unable to enforce a basic tenet of a takeover deal then the ball is well and truly burst.
Bad enough that King has been allowed to employ his usual tactic of appeal/complain/appeal ad infinitum.
Time for rules and laws to be enforced by TOP and COS and finally put King in his place.
phil google earth ,street view shows the inside of the wooden hut at the side of the sevco 2012 spanish training centre .
can’t see SG being too happy with the facilities TBH
oh dear
Phil do you know that google earth takes you right inside the wooden hut at the sevco 2012 training pitch
All I can say is ,there is no way SG could be happy with those facilities
Oh dear
Cenkos Securities. Sound a bit like Genco Olive Oil. Are they a subsidiary?
I really hope they sell Windass. He’s their best player by far but for some reason the huns despise him.
Maybe due to who his dad played for?
It seems like no matter what TGASL does the sands of time still keep dropping into the bottom of the hour glass .
Looks to me as if he has been cut loose by the peepil in the inner circle and is now totally reliant on an unproven under 18s coach with 8 months experience in coaching youths to hold back the tide .
Can’t see it ending well for the new club TBH .
Great pic of the coaching staff on the brik a back chairs Phil ,did you know that google street view takes you right inside the tongue n groove dressing room .
All I can say is he will have been severely underwhelmed with the facilities
Thank you Phil for keeping me informed of that shambles , we can’t trust their warped papers or biased national media. A tip of the Brimmer to you Sir .HH
After our financial issues of the early 90’s, we regrouped.
After their financial issues of 2011/12 they have repeated.
Both words start with an R. There the similarity ends.
Sleep walking into……
They will be lucky very lucky to get 1 mill for Windass
That isn’t the point of the squirrel.
Sevco -done more “tappin” than a hundred plumbers .
Keep at them , Phil
Heh… I thertainly don’t think they’ve thought this through.
Joshie’s dad out & said only recently he had a £3 million release clause. How they’d be expecting to get £4 million is anyone’s guess – unless that figure includes a £1 million charitable contribution.
And that’s not even mentioning the fact he’s worth about 500K. xD
These are some bizarre mutant squirrels we’re seeing these days. Botanic gardens has got nothing on Sevco…
From what I saw reported, Dean did not confirm the £3m release clause. He was asked if the release clause amount had been increased in the new contract. Dean, one word, “No”. Doesn’t even confirm there is a release clause.
lets be honest what would an investor want for say 10m. I would say the whole shabang and ra deedz.
And about £8M change back as well! ?
You could have got the lot for a pound a few years ago.
Josh Windass current market value on transfermrkt = £630k – imagine that
transfermrkt is not an accurate source. They have KT valued at £4.5m
You only miss the water when the well is dry!
Investors’ proclivity is commensurate only to the level of perceived return on their buck .
Interesting. Why are the English clubs not interested in Morellos if the Chinese were? Perhaps the Chinese people can see things that others can’t.
£3 to £4 million. Big deal, even if it is accurate and I have no way of knowing what the guy is worth to be absolutely honest. They would have to put that in a savings account immediately in order to satisfy Close leasing in Feb. They really cannot afford to miss that payment.
That’s if they make February, of course.
Hope they go doon the tubes b4 that
Well that’s the 8th title all wrapped up then. Sevco are nothing without Windass. Maybe I mean sevco are nothing. HH
Excellent, Phil….HH