Many things in life can be characterised as an outcome of timing.
Sometimes we get it wrong, and sometimes, it’s just right.
Therefore, the Sevco High Command have a decision to make.
I have it from two independent sources that the RIFC accounts are done.
The only thing is when to release them.
One source I spoke with today was of the opinion that just before the match against Liverpool could be the sweet spot.
As ever, I have questions.
Will the new accounts contain a going concern warning?
If they do, which member of the Sevco High Command has promised to step up and cover the shortfall?
One of my sources stated that he was amazed that the losses were so low in the last set of accounts.
He was expecting the hole to be closer to £30m.
Now this year, we know that the Ibrox club is on a UEFA financial watch list.
Awkward that…
Consequently, the accounts for this year (until June 30th) will have to be, pardon the pun, on the money.
One of my sources told me that UEFA was, let’s say, quite interested in the frequency of share confetti being issued by the club over the past twelve months.
The Sevco High Command does not need to fret about any journalistic scrutiny from the local media.
Those intrepid chaps in the Stenography Corps know the succulent rules.
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“When will the rifc accounts be released”
The lesser known follow up to “Where have all the flowers gone”
When will they ever learn?
I personally do NOT give a rat’s rectum about the lack of coverage/ honesty, from the Scottish MSM. It’s the reaction of UEFA I’ll be looking out for. If THEY decide to step in, I’ll then be waiting for someone to start asking questions of the SFA. There’s a right few questions could be asked there.
It’s the same every year:
RIFC could / should be releasing their Accounts around the same time as CFC, as they both have the same yearend date.
I think in the past, RIFC has released the Accounts as late as early November?
As CFC has bounced back with a decent profit for last year, the expected, perennial loss at RIFC could look more threatening than usual?
It could be much harder “to put lipstick on a pig” with their lastest financials, so best to just try and hide them, as suggested.
Discounting SDI’s pay-off – in lieu of a possible, negotiated deal –
I’ll guess, conservatively, a loss of c.£10M – £15M for RIFC.