Scottish Football Administration in the 21st Century

By

If Pete Lawell knocked DK back, he’d be doing sevco …

Comment on Scottish Football Administration in the 21st Century by davythelotion.

If Pete Lawell knocked DK back, he’d be doing sevco a huge favour, if Lawell ok’d the SA tax con, he’d be vilified by the govan gang as deliberately sinking the ship.

The fact is that the less involved you are with the sevcoshambles the better.

davythelotion Also Commented

Scottish Football Administration in the 21st Century
The most intriguing aspect of the Ticketus deal is the timing. CW bought the club for £1 and, at the same time acquired the club’s debt from Lloyd’s by paying them £18m. The source of this money was identified as Ticketus money.
CW must have reached agreement on the sale of the STs before giving SDM his shiny pound coin.
If I approach a bank for a loan of £500+, The bank will automatically run a credit check on me. You would expect a company that was fronting £23m would be most assiduous in it’s verification of not only your personal creditwortiness, but also the soundness of the business which appears to be your main income source.
Did SDM secure the Ticketus deal as part of his agreement to transfer ownership to CW? Did Lloyd’s bank provide anyone involved with a reference?
It’s too incredible that Ticketus fronted investor’s money to a business without being aware of the following:
A debt which had been masked by a vast over valuation of Ibrox/Murray Park
A bill for £2.8m due to HMRC for the DOS
SDM’s unsuccessful attempts to shift the business since 2005
CW’s lack of experience in running a football club.
The same information with respect to CW’s reputation that AJ found so bowel-loosening that he begged SDM not to take the £1.
The only way Ticketus could claim they acted in their investor’s best interests is that they based their faith in SDM &Cw’s bussiness acumen was that they relied on the information available via the Scottish Press.
On the utter hand, an utter cynic might speculate on the possibility that the Ticketus investors were somehow pleased to be able to write off sizeable chunks of cash, in fact it would appear that even when CW’s business model appeared to be flakier than The Singing Detective, they appeared happy to pump a further £6m into the hole. Still, as I understand it, the investors did get some of their money back, something like 30p/£1. Better than nothing! 😀


Scottish Football Administration in the 21st Century
Why has Jack closed down RM?


Scottish Football Administration in the 21st Century
Media House should sack their PR company.


Recent Comments by davythelotion

A Sanity Clause for Xmas?
justshatered says:
December 23, 2014 at 11:04 pm
%%%%%
Many football rules are unenforceable. In the sense that you can’t make clubs field their best teams, you can’t make clubs try to win a game, you can’t make players ‘not cheat’, you can’t make officials ‘perform, to the best of their ability, in an impartial way.
When it comes to ownership, the same owner can have more than one horse in the same race, the same garage can have more than one car in F1 races, the same sponsor can be represented by more than one club in the same competition.
Why have rules?
To ensure that the paying public see genuine competition and not the corporately desired, most lucrative outcome. The rules ensure genuine competition.
Ashley owning rangers lock, stock & gazebo has no influence on the integrity of competition.
Why doesn’t he make his move for 30%?
Why doesn’t he underwrite the £8m offer (thereby becoming de facto owner)?
Why did MASH vote against No 9?
Because he’s not an idiot. He wants the schmutter, he’s got it.
The rest is just smoke and mirrors. Nobody knows who owns Ibrox & Murray Park, the SFA can insist on knowing the names of the beneficial owners behind Margherita and Blue Pitch Holdings, why are they so reluctant?
The AGM was a big circus in a very small tent.


A spectre is haunting Scottish Football
James Doleman says:
December 16, 2014 at 3:01 am
%%%%%%%
The penny drops, yet the notion that paying +£750 000 pa to AMcC for managing a ‘Champions League team’goes to the heart of the problem.
If I buy longer trousers it doesn’t make me taller.
Ally didn’t manage a champions league team, he didn’t manage an SPL team, he managed a 3rd division team that couldn’t win the Ramsden’s.
The SMSM has constantly trumpeted the chorus that supporters wouldn’t join ‘the journey’ if The Rangers lived within their means. When Chuck got Ally to sign his unread contract the club were debt free with money in the bank. Two years later they are mortgaged to the hilt and the income stream is a trickle. Yet players, who presumably had a quick shuftie at their contracts, are on five figure weekly wages. At the same time people who receive low five figures per year are receiving redundancy.
A McA’s replacement will be on a vastly reduced wage but they will have an incredibly difficult task.


A spectre is haunting Scottish Football
120 day review highlights rapid burn of cash via onerous contracts
£3.3M raised via share issue
Car park & Eddie House redeemed
Car park & Eddie House rehawked
Nomad bails
Arrests
Accounts detailing Retail arrangements
CW picked up
Redundancies
Ally gives 12 month notice
CW newspaper interview
Palmerston
Players’ Christmas party
Company confirms resignation of manager and return to normal pay
Hacks repeatedly claiming MA will buy club as a European advertising masterstroke.
£12M needed to see out the season
MA & club charged by SFA.

When so many things come together it’s rarely an accident.


A spectre is haunting Scottish Football
I expect Ally will be receiving lots of letters, open and private, reminding him of friendships and favours.
The subtext appears to be that Ally knows where the bodies are and who put them there. It would appear that none of the current regime can afford to provoke Ally, hence the ridiculous 12 notice period.
As for the AGM, MA may decide to underwrite a share issue (with the agreement of the SFA) but will anyone in their right mind take a punt on a diluted share in a company like this? They couldn’t raise £4m at the last one.
My guess is that when the Court turns it’s full glare on sevco etc, the only person smelling of roses will be Craig.


A spectre is haunting Scottish Football
Graham Spiers has resorted to the theory, aired on here some time ago, that Ashley was going to use rangers as an advertising vehicle to promote the expansion of Sports Direct into Europe.
This kind of straw clutching was treated contemptuously by Cosgrove.
If Mike Ashley wanted to promote his brand via rangers why would he close the shop in Belfast?
MA wants to make money. Ally knows that the days of marble, five star hotels, high wages and onerous contracts are over.
This transfer window will be one way. ‘Living within your means’ is the only show in town.


About the author