I’m told that the Sevco High Command are trying to get a listing on the Stock Exchange.
Of course, that can only happen when the King is definitely gone.
My information is that not only means that he is no longer the Chairman or a shareholder.
The latter remains extant even after he vacates the Blue Room
A recent conclave discussed the possibility of Mr Julian Wolhardt as the chap to replace the South African based convicted criminal.
It remains to be seen if the Square Mile will view the Danish investor as being too close to Mr King.
That pesky Cold Shoulder again…
Of course, getting re-listed does open the door to fresh investment.
However, that comes at the price of greater scrutiny.
Remember this is a company that has admitted in their recent accounts that they need at least £10m to get to the end of this season.
I’m sure that any prospective NOMAD would have to have a very close look under the hood at Ibrox.
Of course, there are many hoods at Ibrox.
I think it is fair to say that the emotionally driven investors are now maxed out.
Moreover, anyone looking to make money out of Sevco from their investment will take a great deal of convincing.
I was especially intrigued to hear that some within the Sevco High Command were recently reaching out to those who were once derided by the Ibrox klanbase as “rats”.
For the avoidance of doubt, these highly successful and widely respected businessmen remain closely aligned with General Ashley.
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“The King is Gone” is a song about a guy getting drunk on commemorative bourbon and mourning the fact his wife left him. As he gets drunker he starts hallucinating that he’s talking to Elvis and Fred Flintstone (it’s actually a great song- The Highwaymen version probably my favourite). The same level of delusion is evident amongst the klanbase and the Blue Room collectif.
Hey, hey, my, my …
‘The king is gone, but he’s not forgotten,
Is this the story of Johnny Rotten?”
… Apologies to Neil Young, but most of the lyrics of that song could apply to Sevco 🙂
The mugs have propped them up so far. There’s debt but probably not crippling. Now buoyed on by en encouraging European run, a cup final (might win their first meaningful silverware) and in a neck and neck title race with Celtic, optimistic investors might just be waiting in the wings. At the end of the day, they are a cash cow if they play their cards right and gambles pay off.
Hate to admit it but I think they’re here to stay. Might as well get used to it. The arms race is back.
But I’ll never accept the same club shite – ever.
And there’s no way the Celtic heirarchy didn’t play a part in their resurrection.
As I have said before with Liewell and his pals around him . One hand washes the other money comes first fans come second . Watch for the backlash this Sunday if sevco prevail . All Celtic fans will be in an uproar but it will be to late the horse has bolted no point in trying to close the gate . As I have said before protest by boycotting home games and dont buy season tickets but that’s to severe for the fans . So dont come complaining when sevco are back shitting all over us and rubbing our noses in it . You all helped by buying into it when really you should have stayed away .
Do one, ya muppet.
Dhenbhoy you sound like one of the BENNY’S big gas meter and the board can do wrong . That’s their attitude over at ibrox noise where they believe is well and good . You will probably be one of first to cry into your cornflakes come Monday morning if the result goes against. And sevco prevail .
Is there any chance that the Celtic board accepted a bribe/compensation instead of the titles lost during the cheating years as part of the Sevco are Rangers deal and did not inform the fans? Any exposure would highlight this. Just throwing it out there.
An update on the wording of the synopsis on Birlinn’s website for Craig Whyte’s autobiography.
Birlinn was originally: ‘The club (Rangers) was plunged into liquidation and suffered the indignity of demotion to the third division, the lowest echelon of Scottish professional football.’
Birlinn now reads: ‘The club was plunged into liquidation and the re-formed club suffered the indignity of being admitted to the third division, the lowest echelon of Scottish professional football.’
I assume the change was a result of numerous complaints made by informed football fans throughout Scotland and beyond.
God help them when that news filters through to the knuckle draggers in their lodges.
Well done ALL OF YOU who took time to contact the publisher. AND well done the publisher for taking the comments on board. Although the realisation of the possible impact on sales may have had much to do with that.
Hey, hey, my, my …
‘The king is gone, but he’s not forgotten,
Is this the story of Johnny Rotten?”
… Apologies to Neil Young, but most of the lyrics of that song could apply to Sevco 🙂
I think the SFA – useless though they are – ought to look into a new rule. If a club – yes a club – is operating as a PLC and is delisted then it should face a points deduction for as long it is delisted. It is a very serious issue that was not taken very seriously by the authorities. Better still, the recommendation should come from FIFA or UEFA. If a club is delisted there is clearly financial uncertainty and scope for financial skulduggery when producing accounts.
On a second note, licences for European football should be issued on the basis of annual audited accounts rather than interim unaudited accounts to help put a stop to instances where delisted clubs pretending to show a profit are somehow eligible.
The trouble is that from an SFA perspective no lessons will ever be learned from events between 2012 and the present.
With the call for a boycott of Craig Whyte’s book by the blue side it never ceases to amaze me that the principal contributor to their demise gets away with hardly a mention.
Murray sold the club to Whyte despite warnings from the board around Whyte’s credentials.
The former owner would have sold the lot to the devil if it allowed him to get back part of his MIM empire as promised by the bank.
And it turned out he did.
It’s difficult to envisage King still not pulling the strings from South Africa.
It’s what he’s being doing all along acting as shadow chairman of the football club whilst the SFA look the other way.
That reminds me…..whats Alistair Johnston’s status these days since he first failed the SFA fit and proper test?
Hello Mr Maxwell, are you paying attention?
It’s almost as if they’re guaranteed to stop the 9 then are going to go on the straight & narrow. Once the mission is complete… Call me cynical
End of the Banter Years…? I hope not…
An attempted AIM listing would be fun. How could a NOMAD possibly recommend Sevco as an investment given their own published accounts and borrowings? The other difficulty is that these are not advisors who depart after a public offer. They stick around, monitoring financial affairs. And they have clout. Lose them, and you need to find another within 30 days, or face delisting. The level of financial downsizing required would be huge, even before this could be attempted.
Off the cuff, and on the face of it…
– having a listing for a brand new Ibrox legal entity vehicle would seem like the easier – and possibly cheaper – option.
&
– the value in the club is contained in the brand – and only as long as it is locked in with the continued goodwill from Hampden, to guarantee an Ibrox team in the SPFL.
A listing will see a return to austerity and stable financial footing, which is sad, as we have enjoyed the Pablo Escapobar Years.
KingCo, going out with a whimper, I personally can’t see it. KingCo leaving without a sizeable return, definetly not happening.
The KKKFans all tapped out, – the blackshirts the begging bowl of retail operations for one last squeeze. The stark reality of this whole situation is in TWO matches this month. Celtic come out victorious and the winds of austerity, and above all anger will arrive with an artic bite.
A listing on the Stock exchange may actually give Celtic, 3/4 years worth of titles, as the Ego won’t be around to see his “budget” the only question will remain, will that be, a fresh start of titles in a row or a continuation. Win the title this season, and oh boy, 10iar, may actually not be the worst case scenario for them…..
A suggestion for a CFC banner on Sunday;
“KING MUST STAY!”
🙂
It is at this time that a few packets of industrial-strength Rennies comes in handy – especially after eating large amounts of humble pie!
Somehow, my mind is thinking of a very early 70’s Eurovision song contest entry by The New Seekers – but, for the life of me – I can’t think of its title!!