Deflection game underway as gory Sevco unravel

As the gory and murky details of their formation are about to unravel in public Sevco have embarked on a major deflection exercise.

Charles Green, Craig Whyte, Paul Clark and David Whitehouse will appear at the High Court in Edinburgh as the links between the four men, a £22m share issue and the proceeds of four sets of season ticket money is untangled.

Back in February 2012 Mr Whyte appointed Duff and Phelps, headed up by Clark and Whitehouse, to deal with the administration of the club.

Four months later Ibrox Stadium and the state-of-the-art Murray Park were sold to Sevco 5088/Scotland for £5.5m having been valued at £130m in the previous decade.

Deflecting away from that unedifying spectacle is a flush of good news stories to warm the hearts of the most gullible of supporters.

Ding- Star maker Frank McParland is quitting Burnley to join Mark Warburton’s revolution, McParland was solely responsible for the development of Raheem Sterling.

Ding Ding- former Barcelona and Manchester City wonderkid Gai Assulin is training at Murray Park with the hope of sealing a dream move.

Ding Ding Dong- John Eustace is on the verge of signing a contract after arriving on trial four months ago!

While those events distract, the last of the season ticket money will be used up meeting the October payroll with no sign of any external funding to keep the lights on.

Back in January 2012 Ally McCoist was on the verge of signing Grant Holt and Fran Sandaza to form a dream strike force with Nikica Jelavic. The reality was that Jelavic was available for £5m up front to meet the January payroll (but not Income Tax or National Insurance). Within five months the club had been through administration and placed in liquidation. Dead.

After an initial splash the court proceedings in Edinburgh are likely to be low key with only the occasional headline being made as some of the detail of the expenditure emerges. Among those that have indulged in the gravy train are Ally McCoist and former chairmen Malcolm Murray and Walter Smith.

Of much more concern the company has still to produce audited accounts for the year ending June 2015- covering the first four months of Dave Kings revolution centring around transparency and accountability.

Since Mr King, who was described as a glib and shameless liar by a South African judge, took control the company has been kicked off the Alternative Investment Market with toxic Dave making the them untouchable.

As the truth emerges it is only the extent of the contact between Mr Green and Mr Whyte that is still to be established.

Having banned the former billionaire from Motherwell from any involvement in the Scottish game his role in the present club from Ibrox will turn the footballing spotlight onto the SFA and the secretive five way agreement.

While Dave Murray may have been duped it’s hard to see how that claim could be justified by those at Hampden who granted a licence to Mr Green.

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