It would appear that the Sevco High Command have an enduring need for…ahem… “soft investment”.
I’m hearing that there was a dignified sit down only a couple of days ago with some well-heeled ethnic brogue wearers.
The current custodians of the basket of assets were hoping for lots and lots of pictures of Frau Saxe-Coburg and their favourite white supremacist war criminal.
Unfortunately for the Blue Room Brigade, these high rollers turned up with their financial guys.
I’m told that the number crunchers made very short work of Sevco’s pitch.
It was stated quite frankly to the club representatives that the current business environment is not conducive to Quintessentially British donations to a financial basketcase.
Some inconvenient facts were pointed out:
Not listed.
No NOMAD.
Ex-chairman, cold-shouldered, and ipso facto toxic is still a major shareholder.
Rather unsurprisingly, the meeting broke up with no pledges being made from these potential investors.
That isn’t what the Sevco High Command were hoping for.
Another thing that is irking them is their apparent inability to generate any significant cash from player trading.
They have looked enviously across the city at the recent Ajer to Brentford deal.
Of course, despite these problems, the Sevco High Command can be confident of the ongoing compliance from the local media.
It must also be stated that the current leadership of Sevco have a huge bank balance of goodwill with the Ibrox klanbase.
The generally held belief among the home support at Ibrox that the media has it in for them is instrumental in playing their customers like a flute.
Those pesky addendas!
They take huge credit for keeping the show on the road with share issue confetti and then latterly with commercial loans.
Indeed, the recent move to charge the Stenography Corps for access to Ibrox has met with widespread approval among the supporters.
I feel for the chaps on the sports desks that their clingy subservience to the Ibrox franchise has been so undervalued by the current dignified ensemble in the Blue Room.
Then again, it is rare for anyone to have respect for a kiss ass.
It says something about the Fitba Fourth Estate that the basic truth about the creation of Sevco Scotland Limited can be publicly stated by an actor in Scotland but not a sports journalist.
I suppose it is just as well that the Stenography Corps are only allowed on the sports pages.
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Respect to you Phil for publicly giving credit to the Rangers* board for soft loans that have kept them afloat. Champions League money and player sales will make them financially stable in my view. Ajer money is great but while Celtic have the money… Rangers* have the title, an easier CL route and clearly a better team on the pitch. Celtic need a whole new defence and still only one defender signed. Shocking yet again.
I thought for a minute you had lost your marbles when I saw the word addendas in the title of this piece Phil, but I see the mouth-breathing blue noses have been dragging their knuckles over a keyboard again. No simple task that! HH
Interesting European draw for Sevco …
Remember what happened the last time a club called Rainjurzz had a Champions league round against Malmö ?
….more or less 10 years exactly after the event that saw the old ancestor clubs financial bet hedging fail and bring them to the inevitable administration and liquidation.
Couldn’t happen again ..
Could it?
Assume then that the £6.75m was not realised as the silence is deafening
Addendas? When it comes to sevconians surely “pudendas” would be more apposite?
Would their woes be solved with 2 consecutive champions league group stage money, is this what they’re banking on?
I would say that UCL Group Stages x 2 is a serious improvement in Sevco’s financial fortunes.
More to the point, is it want Celtic are banking on to keep the “old firm ” brand alive.?
All they need to do to gain CL entry for season 22/23 is win the league this season. No qualifiers needed, Scotland champions qualify automatically. Given the state of Celtic at the present time that seems the most likely outcome. This scenario makes the Board and Lennon’s omnishambles mismanagement all the more appalling and hard to take,
We ended tonight’s CL qualifier with a defence of Ralston, Welsh, Murray and Montgomery. The other defenders were Taylor and Bolingoli. Starfelt and the return from injury of Julien isn’t going to sort that out overnight. This is the 4th season of this obsessively risk averse crap in a row. 10 European qualifer defeats in a row is the only 10 in a row we are likely to achieve. Time is overdue for change at the very top.
The whole world and its dog already knew that sevco weren’t listed or had a nomad, so why would any potential investors even bother to waste their time on this shipwreck
That’s what I was thinking.
Why commit time to a meeting when a cursory look online at Companies House data tells you – with big, huge, red flags – not to touch RIFC with a barge pole?
Unless these “potential investors” were just having a laugh…?
My guess is that they were most probably venture capitalists having a wee look to see if there was much meat left on the bone for a wee carve up before it gets chucked into the pig swill like Rangers in 2012 .
A loss making enterprise of 9 years cannot have too much meat left if any 🤷🏻♂️
Offal aside that is.