The Case for a New SFA.

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Given: (a) the professional background of most of the current sevconian …

Comment on The Case for a New SFA. by alzipratu.

(a) the professional background of most of the current sevconian board/senior mngmt;
(b) the background of the rest of the current sevconian board/senior mngmt;
(c) the current and ongoing state of play and finances in sevconia;
I would be utterly amazed and dumbfounded if director and key employee liability insurance was not in place and fully paid up. It’d be the first thing any director/key employee would look for before signing on the dotted line.
To have to pay £85m for a get-out-of-jail-free card is one thing, but nobody would want to have to pay legal costs on top.
I’m pretty certain the sevconian defence will be based on the notion that a fraud has been perpetrated upon the company and it would be unfair for the company to then be forced to pay costs of alleged fraudster (if chuckles wins, sevco premiums would rocket). Legally, I doubt that holds much water but sevco have no choice but to try in the vain? hope of a reverse-brysonian decision by a sympathetic? court.

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The Case for a New SFA.
Not sure this was picked up by anyone else…

***Off-message alert, off-message alert***
By Clive Lindsay, BBC Sport, 21 October 2015″What would Back To The Future writer Bob Gale have predicted for Scottish football had he made a movie in the 1980s about how the game might look in 2015?…Graeme Souness’ Rangers revolution, which was to fuel the Scottish transfer market and the Ibrox club’s long-term financial downfall, was yet a year away.”
***Cue the outrage***

The Case for a New SFA.
Allyjambo 15th October 2015 at 2:48 pm #

Ah, the sevconian defence! “Nothing is as it truly seems.”
You may very well be correct.

On another tack, something troubling me: if the SFA licence/membership thingy is held by sevco ltd, could sevco international holding company not “ahem” sell the subsidiary to, I dunno, an ursine partnership in settlement of debts/liabilities or some such? Chuckles’ claim with sevco international sails merrily along thereafter (possibly putting said company into liquidation) leaving sevco ltd to sally forth under “new” owners quite separate and distinct from any parent company? Isn’t this what Portsmouth and Leicester did several times and Southamoton tried to do too late?

The Case for a New SFA.
Am I the only one who missed the front page of the Daily Record raging about Mr King’s cash for prison swap? I mean, looking at the paper today, surely they must have had a similar splash for Mr King? Or are they just outraged at the low level of quantum this morning?

Recent Comments by alzipratu

Two wrongs and a right
January 2016 at 10:54 am #Still only one – very insistent – source about the loan repayment. I made strenuous efforts yesterday to make it stand up, but no luck so far.
I have telephoned SD’s PR company for further information, but the team are all ‘in a meeting’. I was advised to email them a request for info. I sent them this;
The SFM is attempting to clarify the issue surrounding the SD loan to Glasgow Rangers.
Rangers tell us that they have repaid the loan and that the charge on the assets (IP, Albion Car Park and Edmiston House) has been released. We remain sceptical in the absence of any verification.
Can Sports direct confirm that this is the case – or if not tell us what the current situation with regard to the loan is?
For example, there have been rumours, started we think by TRFC, that the repayment of the loan was contingent on Mr Ashley abandoning all legal action against Rangers and the SFA/SPFL. Would you care to comment on that?
9 0 Rate ThisView Comment

Companies House still has it at Ashley 7 – Sevco 0.

Two wrongs and a right
Can I recommend that anyone with an interest in sevconian charges and securities has a wee look at Stick SC425159 into the search field and click on the charges tab.

Two wrongs and a right
Correct me if I am wrong, but I’ve tried to obtain a copy of the discharge notice referred to by stateaidboy yet I am being told it’ll take two days to be emailed to me. So how did he get a copy when he claimed it was received by RoS on Friday and would not be updated to the records until Monday?

Can anyone else access it?

Two wrongs and a right
I posted along similar lines on Friday however it is worth reiterating that there is no way on God’s earth that the email published by stateaidboy is genuine.

For the avoidance of doubt, I am not stating that the loan has not been repaid or that securities are not being returned.

However to base a case on that email is just nonsense. Sevco is a company limited by shares which are “freely” tradable albeit they are suspended from any and all stock exchanges. The information contained within that email would constitute commercially-sensitive information which could affect share value. It is laughable in extreme that a civil servant would simply release that information prior to its publication to anyone, let alone that fool.

It. Would. Not. Happen. Period.

Oh, and his timescale is p*sh too.

Two wrongs and a right
Just a curveball suggestion, but is it at all possible that the alleged arrestment is not on a secvo account or funds and is, instead, on an account/funds belonging to someone who – oh, I don’t know – isn’t supposed to have any cash outside of the country of their residence? Would an arrestment not be the best means for a foreign authority to recover undeclared or hidden cash?

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