Amidst all the gloom and uncertainty caused by the Covid-19 pandemic, there was some good news this week.
Even though UEFA has ordered a shutdown across Europe the Sevco High Command had unearthed someone willing to invest £20m in the eight-year-old club.
The breathless exclusive was brought to you by this award winning chap.
Of course, he has form for this particular brand of succulent journalism.
He was the one who told Planet Fitba about this chap.
I recall at the time letting my readers what I thought about the role that Mr Whyte would play at Rangers.
For the avoidance of doubt, this was a very different narrative to the one being proffered by Mr Jackson and his succulent colleagues on the Daily Radar.
Now, dear reader who was correct on that one?
So, we are asked to believe that the inhabitants in the Blue Room have once more been incredibly lucky.
So as a global pandemic causes the world economy to tank someone is willing to sink tens of millions of pounds in a club just as we know there will be no matchday revenues for months.
Now that is lucky!
Then Mr King put it out through the Press Association that he would not be selling his shares.
That was the first little issue with Mr Jackson’s world exclusive.
Last night I caught up with a very well placed Ibrox source.
First off, I know that he as holding something back from me and I told him so.
We have been in touch for enough years for me to know that.
When I put that to him, he didn’t take it personally and merely chuckled at my slight discomfort.
What he did say was that someone investing £20m into the club now would only do so if they had full control
If Mr King isn’t selling his shares, then it is difficult to see how that can be achieved.
My guy did disclose that the brethren in the Blue Room had hoped that Mr King would simply hand over his shares for a token amount and do the decent thing.
He then pointed out that it was remarkable that this generous chap would invest while Mr King was still there.
You may recall that the Takeover Panel has told the business world to practice social distancing from the Johannesburg based convicted criminal.
One thing in Mr Jackson’s award-winning piece that I can confirm is that Mr Gibson DID visit Fair Caledonia to conduct a recce on the basket of assets.
However, my information is that his involvement would require Mr King to leave the building.
It is worth remembering that the chaps in the Blue Room once believed that they would get £20m for Alfredo.
Of course, no one in the Servco High Command thinks that is likely now or in the future.
However, the quantum IS important and not merely coincidental.
As ever, it is important to Follow Follow the money.
Mr Jackson didn’t do that in 2010 when he gushed about Mr Whyte.
Of course, your humble correspondent, ever the contrarian did exactly that.
I must say that I was shocked when I concluded that Mr Whyte wasn’t a billionaire.
After all, I had read it in the Daily Record.
Overall, this is a very strange time to be investing in a football club.
The hot tickets now in the investment world, rather unsurprisingly, are to be found in medical devices.
So, we are asked to believe that a shrewd investor has agreed to sink £20m into a club that has a balance sheet that resembles Aleppo.
Moreover, one with a cold-shouldered chairman who now refuses to sell his shares.
Oh, and they will not have any revenue until June at the earliest.
Then there’s the small matter of being in court against the previous two retail partners.
Oh and at the time of writing Sevco does not have a kit supplier for the next season, whenever that will be.
Now, a cynic might conclude that this world exclusive is rather well-timed for season ticket renewal.
I, of course, couldn’t possibly comment.
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poor jackson, has to be the worst troll ever.
This guy will be like Letham and Taylor, people who made a very good living in their respective fields but are not worth more than 5-10M tops. What has probably happened is that he has been sounded out with regards to putting money into a share issue and has indicated he would consider it. For Jackson to then suggest that he would invest 20m which would be the equivalent of buying 100m shares at the current made up price. No doubt we will have some share issue where a few directors, gibson and the club 1872 gullibles throw a few million at the black hole. They will have to be quick as they only had 1 million last year in the bank at the end of June….Hearts had 590k but they have less outgoings!!
Think they’re getting into Mugabbe territory with these shares- Trillions of worthless …
I am a firm believer in the “ follow the money” train of thought.
Seldom does it fail to find the key in unraveling a Financial issue.
If you were to apply the same method of thinking towards the current Global crisis that is threatening us all then I might suggest that we start here 👇🏼
https://www.nature.com/news/inside-the-chinese-lab-poised-to-study-world-s-most-dangerous-pathogens-1.21487
And follow the pathogens 🦠
Lifelong Rangers Billionaire with £20m war chest immediate gift (whilst happy that King still owns his shares and has control).
Been there heard it got the T shirt.
Did Keith call Mr Gibson and substantiate his story?
So Bamber Gascoigne aka Mr Bird Brain of Britain himself Alex Rae is now spouting out the guff talk about getting CAS involved if Celtic get crowned champions once again. This muppet is doing more screaming and shouting about this on a daily basis anyone would think he is on a mission for club 18to30 or even the ibrox club itself. Mention CAS to him and get them to have a look at his side letters when his auld club got liquidated because of the cheating years and you would never hear from this guy again . He makes other tea-cosy beanie wearers look intelligent.
Luckily Mr Gibson is a Paisley Billionaire and not from Motherwell. Otherwise it would be unbelievable for two Billionaires to be from Motherwell and bears wouldn’t believe it.
Phil. Ive said for a couple of years we were going to face an economic shock, CV19 blew a hole in the establishments balloon.
All is not as it seems, the bankers have robbed another 300bn, the government handing out money which will trickle up, talk of helicopter money for the people, again trickle up.
If i was a betting man, id say a major bank or two is in real trouble.
This does not bode well for any company or any person with masses of debt
Its 2008 on steroids, coke, heroin and buckfast.
Welcome to Neoliberal Economics.
You’re welcome 👇🏼
https://youtu.be/jqzfOQXCwFg
The SFA is releasing £1.5m to assist struggling clubs.
Too little too late comes to mind.
Hearts already on 50% wages.
That quantum couldn’t cover SEVCO lawyer fees.
UEFA signalling no indication to stop national leagues at this point and award titles. Doesn’t mean they won’t do come May/June if games not played. Wait and see is good.
Can games be played out of their order? Could CELTIC play some of their last 8 behind closed doors at Celtic park if agreed with other teams?
Sevco refusing to play behind closed doors without fans is defying football authorities if ordered.
Authorities can order closed door games for any reason. Failure by Sevco = 0-3 to other club default. It’s a Sporting Integrity issue.
I like the idea of Celtic inviting teams behind closed doors. Televise games, give visitors a much needed fee.
Tv, fans, newspapers, uefa, Radio, pundits, everyone happy.
Edges legal action threats Of not completing games into scotch mist.
Possibly only viable after we’re over the UK virus hump and into few new infections and deaths. End of May.
“The season MUST be declared null and void unless all fixtures are completed.”
“We won’t play behind closed doors and you canny make us. Therefore the season canny be completed. N & V!!!”
“We were gaun tae refuse tae play they Germans BL behind closed doors as well. Europa League null and void.”
Sevco should maybe just rename themselves, Nullandvoid F.C.
Wonder if they’ll ever publish a list of who received what out of this £1.5m fund. I have a wee notion that a sizeable chunk of it will end up in Govan.
What planet does this arse of a “journalist ” come from…?
He has been ridiculed for years now, regarding his ” Billionaire with wealth off the radar ” piece of crap…and now he feeds the Gulllibillies more nonsense.
From what I can see, he has already backtracked on his ” exclusive ” and is now quoting a source who says…
“Eh…Haud oan pal…its a bit early doors for that kinda comment…know whit ah mean ? ”
Having said all that…the fact that we are discussing the twat probably means he’s achieved his objective.
Clickbait…
It’s all he’s good for.
PS: I’ve just remembered he got ” Journalist of the Year ” for his Craig Whyte nonsense…this should get him a Pulitzer.
So Hearts have pressed the panic button already by telling all staff and anyone connected to the club it’s a 50% pay cut or just leave the club now oh dear . Now Hearts are nowhere near in the financial predicament that sevco find themselves in and PANIC has set in over there . Just how long do we think sevco can hop along on this pretence they have the money to see this crisis out . There must be a lot bums twitching over there just now begging for the prize money from SPFL to come through the door ASAP . Now they want the season null and void but desperate to put their hand out for the prize money for a season they say that did not exist you couldn’t make it up .
Get him a Pulitzer!! It should get pulled out of his high-chair and soundly spanked for being a very naughty boy.
Building up false hopes in the gullibillies to make them buy ST’s and part them from their bru money.
Simon Jordan on TalkSport did some research the other day into how much clubs would lose in revenue if their final 5 home matches of the season were cancelled or played behind closed. He backed these figures up with facts which I couldn’t argue with. He only spoke about the 4 top English divisions and the figures are based on the average attendance for each division. The revenue that each club in each division would lose are as follows:
League 2: £250,000
League 1: £500,000
Championship: £1.2m
Premier League: £6m – £7m
Since both Celtic and Rangers* have home crowds above the EPL average then I would guess that they would each lose in excess of £7m.
Celtic could afford it, Rangers* certainly cannot!
Jackson – like the £20m boy – is backtracking. Does he never get tired of this predictable rubbish? Surely to God some of the Klan will get wise to him soon? Then again, it’s great to get a laugh in these strained times, so long may he chunter.
As I had said on a previous article it’s all a publicity stunt season books need to punted to the gullibles and there are none so DENSE than the DENSE fans at ibrox . Roberson statement and the new man ready to fritter away millions and millions of pounds which we have yet to see in writing . Then the announcement of the new PR GURU so many feelgood factor stories for the Klan to feed from . No doubt if and when the kit manufacturer shows up the replacement PR man will have a new shiny orange kit picked out for them to manufacture for the Klan to wear . As you say Phil the world economy is in meltdown just like tea-cosy beanie wearer fans the Klan have and this guy is apparently throwing money around ibrox like confetti now where have we come across that before. .
Still no word of Sevco going under…? Been nearly a week, do they get paid monthly…?
At times like these I for one am very thankful for the Daily Record, I have not bought that paper in over 20 years, but just started last week. When the whole of the UK is short of toilet paper, its hard to find such great bog roll where you can have a good laugh when sitting on the pan, then use it to clean up your business. 👍
Can’t see how they’ve struck it ‘lucky’….
If there is any football in Europe in June I will buy a Sevco season ticket. This is about appealing to their core constituency and ticket money. That also explains the new PR guru…..you do wonder what UEFA make of that? Or would make of that, if there were not more pressing matters. They should be held to account over the bottle throwing episode too against BL
Desperation to sell season books methinks. Currently anyone with investments are seeing them tanking on the stock exchange. Possibly the only one that can save them is the Queen or a Prince Harry
But our media especially the Daily Ranker are in denial. Why do you think they signed the clown from the North as their media adviser, playing to the lowest common denominator. Better than the Game of Thrones, he could probably source some extras from Belfast town.
The only reason someone would be willing to deposit £20 million into a loss making company, especially at this time is if that money had been touched by someone with a virus and it needed cleansing asap. King has previous. It just so happened the Laundry went bust before he could get a fair chunk of it back.
Step forward the next frontman. As you say Phil. Follow Follow the money. I’m surprised the authorities have never really had an in-depth look at how this company manages to keep the lights on.
What would Mr Gibsons return on his £20 million equate too, a blazer, tie and brown brogues.
Oh my, apple pie, and still it goes on. With every penny a prisoner the fans are still urging Gerard to secure Hagi and Kamberi in the summer, £4m for the former and presumably just hoping for a straight switch, no cash involved, between their Hibernian loanee and Kamberi.
The far east £20m will be lucky to cover their Close Bros exposure and the coming bill for the retail disaster of their own making.
No wonder that they have had to put out a call to anyone/everyone to take over the retail gig with court cases a plenty in the background.
In the meantime the Champions announce a new deal with Adidas, no fuss, no problem and better than the New Balance one.
King’s claiming that he won’t sell his shares, problem is as long as he’s sticking around sparks could fly with anyone stupid enough to pour their cash down the Edmiston Drive black hole.
I will give Traynor’s replacement to Xmas at best before the job swallows him up because his predecessor had most of the Scottish media in his pocket, who knows why, and favourable articles were 10 a penny.
I suspect the new guy won’t have the same pull or favours owed that Traynor had.
I think you are being very unfair to Mr Jackson. He was correct when he asserted that Craig Whyte’s wealth was off the radar – he didn’t have any!
Jodrell Bank are still looking for it I gather?
For any hunny monsters looking In that’s not a Financial Lender.
Having heard this type of story/fable we kinda,or,at least should know,that it’s totally fabricated,alas like any sevco facts,they’re made up as and when required.It’s easier for them as their usual behaviour requires regular fantasy;like you say Phil;’especially’ when football is not being played.
I’d be surprised if jackass himself believes it!
Yes,I wonder what’s next,G’bury now cancelled too,a few years back if be cursing the virus for that one.Safety first always.
Be careful out there folks,🦠it quite literally IS deadly.G’luck🍀
But Phil!.. it MUST be true – Keech Jackson told us so!!
The dictionary definition of a MOGUL is:
A VERY RICH, IMPORTANT, AND POWERFUL PERSON
Compare and contrast with:
MOTHERWELL-BORN BILLIONAIRE WITH WEALTH OFF THE RADAR.
Can anybody guess what Mr Jackson would like for his birthday (or xmas)?
Here’s a wee clue…
You can buy them in bookshops, but there is no story, or plotlines in it – just words and their definitions.
Like living in close proximity to a farm, on a very frosty morn, as with this story, bullshit lies heavy in the air.
I’ve been there Marty. The thing that left me awe stricken was the tightness of the bulls arse in the frost……….Nurse !