It was useful to catch up with several sources today.
One of them had a little surprise for me.
In the course of his business last Tuesday (13th November 2018) he found himself in Manchester airport.
He said he was “close to one hundred per cent certain” that he was sitting beside Mr Stewart Robertson of Sevco.
I asked him if he looked seriously professional.
Well, my guy did say that he had a “Rangers” desk diary with him!
If it was him then he appeared to be in the queue to take a flight for Southampton.
My source told me that the south coast city was home to many distressed lenders.
I cannot confirm the veracity of his observation.
However, I’m sure that the intrepid chaps on the sports desks in Glasgow will run this one down.
After all, they are relentless in unearthing stories at Ibrox.
What I DO know from other well-placed sources is that the Conveyancing Consigliere and the Serious Professional have been tasked with finding external finance for Sevco as a matter of urgency.
It is probably entirely coincidental that the sum they are looking for is exactly what NOAL had promised in the recently published RIFC yearend accounts.
I was surprised to learn that senior functionaries within the Sevco High Command learned of Dave’s most recent courtroom setback via the media.
Therefore, when the bill arrived last week from Mr King’s legal team it could not have been entirely unexpected.
I think it is very decent of Sevco to be picking up the tab for this protracted legal wrangle.
My information is that this is an interim bill.
The final bad news will be along in the fullness of billable time.
When I asked my guy what he thought the entire legal tab would be he lumped in both the dispute with Ashley and the Takeover Panel together.
He did not see the bad news being any less than £2m.
Of course, Dave will not be picking that up.
Meanwhile, General Ashley is playing a long game with his legal dispute on the retail deal.
He is fully aware of these developments that would appear, prima facie, to get Sevco into some serious soapy bubble at court.
It would appear that both Big Mike and the Takeover Panel are willing to let Dave build his gallows high.
Let’s hope they survive long enough for the bhoys to do 10 then they can go to their grave happy.
Phil – I’m sure you called this one wrong… Mr Robertson was on his way to St Mary’s with a blank cheque, in order to tempt Stuart Armstrong back north of the border!! 😂😂😂😂😂
Of course! They were gutted when Liverpool pipped them for Van Dijk. Not gonna let Armstrong go the same way. xD
Before anyone hails McLeish as a genius lets not forget that he’s totally ignored Forrest throughout the campaign, using him sparingly, despite his weekly performances for the Hoops.
McLeish would rather have started with a donkey rather than play the most in form player in Scotland that’s how much he knows about the game.
Qualifying from a 3 team group containing Israel and Albania is hardly a sign of improvement and not qualifying would have been embarrasing.
Not sure how this Nationd League thingy works but with Croatia currently one up does that mean that England get relegated?
That will shut the pundits up for a while after their so called World Cup heroics where they essentially blew the best chance they will ever get to reach another Final.
Obviously the manager has to go!
Blue tack , Obviously 😉 whars my Coat
Hingin oan a shoogly nail. HH
If I were a Rangers (any entity) shareholder, I’d be concerned at any notion that Mr King’s personal legal bills were to be paid by Rangers rather coming out of his own pocket. After all, if the Takeover Panel matter is not a concern for club or holding company then how could it be appropriate to do this? Feel sure it’s all a misunderstanding.
I think their accounts clearly show that funds were being directed to this cause…
Funny thing when (as you say) Mr King clearly stated that his ‘legal wranglings’ were A personal matter and not one that would or should concern or affect ‘the club’ in any way.
Oh how the Scottish legal system must love King as he plows millions into their pockets.
On the basis that their is, or has been, someone in King’s legal camp who has been advising him of the best and least costly way forward, their words of advice must have gone straight over their clients head, because he knows best and no professional advisor will convince him otherwise.
This has proven to be an expensive path to tread with more bad news in the pipeline.
With regards to the shop opening, would anyone be surprised that the refitting of the shop will be completed, staff will be hired, a grand opening will be announced with free advertising in the Scottish media and the day before Ashley’s briefs will be in court to ensure that the doors stay locked.
Cue howls of dissapointment from those who had queued overnight.
In Dave we trust indeed.
You think King will get jailed on the contempt charge Phil?
No idea.
No he will appeal.
I was disappointed to learn of this latest set back in the media. Well, more surprised really, disappointment came when I dashed over here to learn more only to find you absent without leave. Have you started on a sequel to Downfall?
The other week in court, some observers seemed surprised at a small blunder King’s lawyer had made while conducting his defence, which seemed unwittingly to lay the club open to shared culpability.
Small blunder? No. No Smallblunder.
King is already well on his way setting up Sevco to take the fall for him. Sure it’s enough to move you to song.
“So build my gallows, build them high
That I might build before I die
Another set, to hang the Sevco from
Cos Big Mike, he’s set his sights on them”
But fans of other clubs should not crow too soon – hard choices await them.
I mean… lime or grape-flavour jelly. How can you choose?
Football is so hard, sometimes…
You are a cruel, cruel man. But fuckin funny.