Just a short communiqué from the Web Summit.
I was happy to hear from a trusted source yesterday afternoon.
Yes, he had read that I was in Lisbon, but he thought I should know something significant apropos Sevco.
Consequently, I am passing it onto you dear reader.
He told me that the Conveyancing Consigliere and the Serious Professional were to be dispatched to the Square Mile.
Indeed he speculated that they could be on a shuttle to London tomorrow, i. e. today.
I asked him why and he told me that the monies promised by NOAL in the year-end accounts were as likely to turn up as they were the previous year.
You may recall that in the RIFC annual accounts for the year ending 30th June 2017 NOAL had said that they could cover the operating shortfall.
However, in a glib and shameless sort of way they did a runner!
Consequently, Sevco had to seek external finance and that is where Close Brothers came in last February with their heavily secured £3m loan.
Now it appears that the same process is underway again.
I do find it amazing that this can all go on right under the noses of the world-class administrators at Hampden.
On an entirely different note, the following will only make sense to those of you who have read The Squad.
It was a thunderbolt moment worthy of that day on El Camino Santiago when I found myself having dinner last night with Gerry’s Colombian esposa.
Gracias chiquita!
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The only reason this charade charabanc keeps rolling year after Potless year is because of intimidation and threats pay up or else.Mr Sting king will deal with trivial matters such as Scottish Law he’s had more appeals than beltrami in his heyday while the all seeing eye’s is still at The Ranglers then until hes fled back to his one of many offshore bolt holes with what he came for in the first place then the show goes on all for one and one for me.
There’s a very strange post on BBC sport teletext today.
I swear that whoever is responsible needs help.
The text starts off with breaking the news that McLeish has recalled Steven Fletcher and Phillips to the squad, gid help us, for the upcoming Euro double header thingy.
You would then expect the full squad announcement to follow.
Lo and behold the squad listing which follows is actually the players that went to South America for the games against Peru and Mexico.
It’s been there most of the day and no one has thought to remove the latter listing and put up the squad for next week’s fixtures.
It gives lazy journalism a good name but that’s the BBC for you, they don’t give a damn.
“Shirley” you must be mistaken! NOAL not stepping up to the plate (again!), well I never……
By the way, it’s not only the world-class administrators at Hampden who should be VERY concerned. At this moment, I am sure that the auditors are praying that nothing untoward happens to RIFC as they would be bang to rights on getting taken to court for failure to address/question the NOAL backstop issue. What is the old saying about fool me once, shame on you……
Spot on. Of course having been lied to by the Board last year with regards to NOAL’s funding, or lack of, and another big porkie that SDI had finally left the building, Dallas Campbell are still on the premises picking up a fee.
As anyone whose had involvement in their company’s audit, the auditors partners would rather have their teeth removed by pliars before walking away from their audit fee.
Anyhow not to worry they must be swimming in cash just now. Ibrox and Murray Park refurb, cash available for the January window, no impact on revenue from any SDI action, and nothing that comes from the Court Of Session/Takeover panel will impact on the club.
It all sounds too good to be true but I’m sure those making the positive noises have the numbers to hand and are in a much better position than us on the outside.
… fool me twice, shame on me … fool me three times, Campbell Dallas. xD
It seems increasingly that Deloitte’s resignation as RIFC auditors – necessitated by their staff receiving repeated threats from loyal brutish Rangers supporters over a two-year period – has been a blessing in disguise for them.
Means they’re not the ones left looking like a complete laughing stock, as the skelly-eyed skedaddler flicks them the finger immediately they’ve signed off on the accounts.
Campbell Dallas really must be “in reduced circumstances” to be sticking with this gig…