I’m told that a rather important missive arrived at the Big House yesterday for the attention of the Sevco High Command.
I am not fully apprised of the terms of the missive.
However, I’m led to believe that it pertains to the proposed share issue and the letter conveyed the view of the Takeover Panel chaps.
Hopefully, I will have more information on this communication within the coming days.
I have been repeatedly told by several sources that the utility function of the share issue was to make the RIFC annual accounts look believable.
In that sense, the share issue would fulfil the same role as the promised investment from NOAL in the accounts last year.
For the avoidance of doubt, the South African monies never did turn up and that is why the Sevco High Command was forced to go to Close Brothers in February of this year to access the necessary external finance.
Of course, it would be awkward if the Sevco High Command were in court facing the Takeover Panel chaps.
I think it would be a good idea to get the RIFC accounts out there before anything like this has to be put into the notes.
Despite all of this I’m sure that those nice folks at Campbell Dallas are relaxed about it all.
Nothing to worry about…
I learned yesterday that Mr David Cunningham King is planning on taking part in a Club 1872 meet The People event within the next two weeks or so.
Once more, I would not be surprised if this revival meeting is about talking up the planned share issue.
One thing that Mr King can be sure of is the uncritical gushing reportage of the local media.
They have never let him down and I doubt they will now.
They are miles off Celtic. If they want to believe anything different then that is great for us (no laughing at the back). We also have the £20m Dembele money although that will cover over the lack of CL money.
Sevco will get badly exposed in there Europa group but it will bring in badly needed monies for them.
We need to sit down with big Boyata to see what he wants to do, Otherwise he goes in january for say £6m. He was never my cup of tea but he had a good WC in a brilliant Belgium side (my granny could play at the back for them) so fair play to him.
Kouassi can bolt, not good enough especially after the time we have had him.
McGinn would have been perfect to replace Brown in a season or so but that one was missed.
We need to get the January window spot-on for our chance at the CL next season
HH
The former referees from whom the 3 man ‘independent’ panel is chosen to review incidents passed down from the Compliance Officer could have a huge say in the outcome of the SPFL and both cup tournaments.
Already we have a red card rescinded for the Morelos petulant kick out, followed by no action against McGregor following his kick out allowing them to be available for selection.
On the other hand Devlin at Aberdeem lost his appeal against a decision that was harsh to say the least.
Key players being available, or not, as the case may be could be crucial therefore it makes no sense that the reasoning behind the decisions is not made public.
The secrecy would lead one to believe that there is something to hide but if the decisions are explained and support the outcome then everyone is happy and we can move on.
One wonders what will be the next football rule to be subverted by the SFA and the officials.
Any of the refs who get some European games will be up all night comparing the Scottish rule book against what rules the rest of world is playing to.
Of course the other side of that will see Scottish players kicking opponents off the ball then being red carded by a ref who isn’t au fait with the Scottish rule book.
It could all get a wee bit messy but the moment the Morelos card was downgraded the die was cast and Scottish football was on a very slippery slope, entirely of it’s own making.
The local media don’t do reportage – they stenography (if there is such a word, and if there isn’t there should be!).
A bit off topic, but I believe BFDJ claimed on Radio Snyde on Friday night that Sevco had an off day and were pretty poor. Celtic WEREN’T ACTUALLY THAT GOOD! If the Sevco high command believe that’s the case they’ll never get any closer. They’ll wait for this new team to gel. Unfortunately for them this time next year a couple of this summer’s signings will be a year closer to the breaker’s yard!!
Cheers for the update, stay with them.