Sevco seem certain to face a bitter EGM as hopes of a peace deal with the Ibrox Rebels are shelved.
A stock market statement last week suggested that a deal was imminent with board places granted to rebels Paul Murray and Frank Blin as well as former convict Sandy Easdale and John McClelland.
Those hopes were killed off within 24 hours when Murray knocked back a deal conditional on a vote of confidence being unopposed at an as yet un-announced AGM.
Undermining the whole issue is the lack of audited accounts leading to speculation that the club may not be seen as a going concern over the next 12 months.
Despite weeks of negotiations today’s stock market announcement confirms that a deal to delay an EGM is unlikely.
The statement read: “Further to the announcement on 4 September 2013, the Company confirms that whilst the Board’s discussions have continued with representatives of the group who requisitioned (together the “Requisitioners”) a general meeting to consider the proposed resolutions (“Requisition”) detailed in the announcement on 2 August 2013 (“General Meeting”), the Board is disappointed to announce that no agreement has been reached.
“Unless an agreement can be reached prior to 13 September 2013, as set out in the announcement on 2 September 2013, the Company will be required to send a notice to shareholders to convene the General Meeting by no later than 13 September 2013.”
The lack of audited accounts appears to be of no concern to the SFA who were party to last years secretive five party agreement that provided Sevco with a licence to play football.