I had a free-ranging discussion today with football finance expert David Low about the current situation at Sevco.
David is of the firm opinion that the financial outlook over Ibrox is rather stormy, especially after they were defeated yesterday.
Moreover, he thinks that Dave King’s current manoeuvrings are part of that overall picture.
“Civil war is invariably over money or money problems”.
To assist my understanding, he related to me what Fergus McCann had said to the old Celtic board at an EGM in 1993:
“Money doesn’t guarantee success, but no money guarantees no success!”
He also reminded me that the Bunnet had the foresight to, quite literally, create an in-built financial advantage for Celtic over their neighbours.
It wasn’t for symbolic reasons that Fergus McCann built a new stadium that had a larger capacity than Ibrox.
David Murray decided to offset the extra 10,000 paying customers at Parkhead by initiating various tax scams that ultimately led to the death of the original Ibrox club.
Craig Whyte needed the riches of UEFA, and when Super Salary failed against Malmo, the writing was on the wall.
His error was in waiting after that for a reason to press the insolvency button.
He wanted the Big Tax Case bill to drop and give him the excuse to put the original Ibrox club into administration and then do the switcheroo on the assets.
As I wrote yesterday, I believe that the current Malmo manager Jon Dahl Tomasson was being truthful last August when he toyed with the assembled stenographers before the Swedish team took on Sevco in a Champions League qualifier.
The Swedes triumphed over the basket of assets, and after the final whistle, one of the Sevco High Command, let’s say, took rather poorly in the Blue Room.
Yes, they did indeed need the Champions League money.
Well, dear reader, yesterday was, in effect, a similarly important match as the one last August.
Unless Celtic spectacularly implodes, then the guaranteed Group Stages slot will go to the Parkhead club next season.
History never repeats itself, but it does rhyme.
In other news, I do wonder how the Sevco High Command is dealing with that written communication that has just arrived from Australia.
Pulling out of the Sydney Super Cup in order to appease the Ibrox klanbase might prove to be a very expensive gesture.
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Weather report for Ibrox?
Big shitstorm approaching!!
(I had an image to post but you don’t seem to like links in the comments.)
-6 and forecast remaining chilly with no warm front on the horizon.
First things first – please don’t laugh at the back!
Whilst we hope we win the league and the guaranteed CL group stage / monies (well, we are in a great position), it was mentioned to me yesterday that Pretendy Gers may still join us. Finishing second in the league means they have CL qualifiers (and they tend to do ok in Europe) so Sevco may still have a carrot to entice the money men to inject more….?!?!
I suppose another problem they may have is that half their squad will have disappeared before then…..!
This is what happens when you put all your eggs in one basket especially if the basket is hung from a great height and is riddled with egg-sized holes. And to use the same basket time after time is sheer stupidity.
Not an old firm egg basket then?