The fallout after the latest derby match has been the first test of Sevco’s new chairman Mr John Bennett.
It is probably just as well his accession into the big seat in the Blue Room had been planned well in advance.
Almost certainly, in another part of the Fitba Multiverse, something very different happened.
In that dimension, Mr Douglas Park would have hastily convened a dignified conclave and informed his brogue-wearing brethren that he was stepping down with immediate effect.
In that alternative reality, external financial factors forced the resignation.
With no planned succession, it was left to Mr Bennet to step up unexpectedly.
Obviously, that isn’t the case here on Planet Fitba.
In the here and now, I’m told that a PR campaign is in preparation for the season ticket renewal period.
The essential message is that the “rebuild” started in January with Cantwell and Raskin coming in.
Consequently, two of the putative quintet are already in the building.
In terms of Sevco PR, it’s actually quite clever.
As ever, we must follow follow the money.
This dignified chap appears to be starting to discern the problem.
The reality of Sevco’s financial situation is easily discernible for those who wish to see it.
I’m told that one of the first things on the agenda in the Bennett-led Blue Room was to construct a sustainable (!) wage structure going forward.
He’s an intelligent man and knows that UEFA is watching.
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I see the latest press releases are reporting “Rangers have issued a further three million shares in their holding company”. Sounds sinister that the holding company phrase has been dug up again. Does this mean it’s not a football investment and nothing to see hear Mr EUFA/SFA?
I am hearing Krys Boyd and El Pobrecito have sprung a soft landing for sevco
They can sell the 5 stars to a team that won 5 games in a row,
Still no mention of the accounts in the mainstream media, now shall we put this down to incompetent or submissive journalism. Once they eventually report, I’m sure the spin will be on the increased turnover with no mention of spiralling costs and trading loses. As they say turnover is vanity, profit is sanity and we know how vain the precious little ‘follow followers’ are.
They appear to be pinning their hopes on Edminston House (or whatever it’s called) as a means to generate income and thus soothe the concerns of UEFA. Laughable. Think I would much rather rely on an additional 10,000 season ticket sales tbh.
Edminston house cost well over budget.
5-7 years before it breaks even.
Celtic, £60M in the bank, that’s £2.4M at 4% rates.
That’s £1.4M more than Sevco state they will (might) get from the wee house, that cost an unbelievable £12M to decorate.
12 million is not unbelievable TBH..just had a quote for extension and new kitchen to semi detached…100k believe it or not..building costs have dramatically risen
True … reputedly costs are over £12 m, with an “ expected “ return of £ 1 m per year ..even if this is possible it’ll well into the next decade before even the smallest profit is generated… allowing of course for inflation and depreciation ( might need a new roof before then !)