Crisis club Servo have sent their bloated wage bill soaring by employing a financial consultant to save them from administration!
With Financial Controller Brian Stockbridge picking up £400,000 a year and fellow accountant Graham Wallace on a similar wedge it seems unnecessary to pay someone else to tell the directors that a club with a £19m turnover is heading for the rocks.
Regardless of that ‘financial guru’ Philip Nash has been hired to examine the books which showed losses of £1m a month in their first published accounts.
Nash has worked previously for Liverpool and Arsenal and looks certain to be painted as the bad guy with both Wallace and Stockbridge unwilling to implement the kind of cuts that might allow the club to complete the season without visiting administration.
With the second week of the transfer window coming to a close no-one seems willing to tell Ally McCoist that his squad needs trimmed to the bone.
With players such as Ian Black, David Templeton and Dean Shields reportedly picking up around £7,000 a week and others such as Dick Forster, Steven Smith, Arnold Peralta, and Steve Simonsen pocketing £5,000 a week it’s obvious where cuts could be made without effecting the race for the League One title.
With £1.5m plus being spent on McCoist and his backroom team it doesn’t need a highly paid consultant to highlight where obvious savings can be made.
Confirming the loss of his transfer warchest McCoist moaned: “I could sit here and worry about it and ask all the questions like where’s the £10million I was promised.
“But there’s absolutely no point. I’d just upset myself and everyone around me if I started asking those questions. They are for other people to answer, not me.”
Yesterday Sevco shares closed at 27p with further falls expected next week.
Just another Board game without any Balls
Joe,
Your factual and humorous Sevco pieces,
really brighten up these drab Jan. days.
I like your line, ” the loss of his transfer
warchest.”
You can just see Green,sitting in his French castle,a glass of champers,a big
cigar,and having a good old charlie chuckles to himself.
He could teach sleekit,a thing or two.
Sorry,what am I talking about,he already
has !!
So Nash is going to get his nashers into
sevco’s dwindling finances.
Passing the buck comes to mind,or in their
case NAE BUCKS.
Meanwhile, the Zombies rant on Radio Mental phone- in, where’s HONEST Dave ?
The South African crook,the world’s finest
Sugar Daddy, is in his bolthouse looking
at HOW can he afford to pay his record
crooked fines.
I would love Big Virgil, on a Dubai beach,
to phone the sevco sycophants on the clyde panel, telling them how great life is
for him and Celtic.
Or he could ask heavyhole Johnstone,
what’s the sevco share price ?
The circus is here to stay !!
The club that just keeps giving. Don’t you just love them.
I have been assured that Sleekit has agreed that his salary cut ( due any time now…Yawn)…will pay for Nash’s time…So that’s that sorted…I can hold onto my shares which are now bound to rocket….
Oh and on a serious and boring ( but interesting ) point…..
Any figures quoted as earnings or salaries at the Govan Club…like £1.5 million for the backroom team….( which is “light” imo…) ..should be upped by at least 20% to cover the Club’s requirements over and above a wage…. N.I. contributions..( stop laughing up the back )…pensions etc;…
May not sound a big deal….but every little helps…
‘Mon the Hoops..
If they go bust again, will they come back as ‘The Sevco’? Just wondering.
Who gives a flying fcuk theyre dead end of….
If as you belive,that they are dead,could you inform the establishment and the laptop loyal to that fact.I have never seen so much positive media coverage to a club/company in as big a hole as the forces of darkness.
Don,t you upset yourself Sally by asking them sort of questions! you,ve just asked! and don,t ask about the £820,000 a year you were promised either! and don,t sit worrying about that warchest £10million being increased to £30million, and don,t worry about what will happen to the handymen painters,plumbers ,sparks and cleaners at the club,when the cuts start, they can more than likely get another job Playing with one of the clubs you meet every week! Don,t Worry! Be Happy!
One wonders why the Sons of Mordor don’t simply ask their Financial Genius Investor Kieron Prior to sort the mess out?
After all according to Gary Ralston of the Daily Beano he is and I quote “officially one of the most intelligent people in the world” and also a “City of London finance genius”.
Link http://www.dailyrecord.co.uk/sport/football/football-news/disabled-city-london-finance-genius-1949400
He’s a Genius you know his shares are now worth 27 pence a pop…..
24 hour greggs
Heaven
Haw haw haw
Is mr Nash in with his couple of holldalls to clear up the loose cash before they all disappear over the horizon. ” no directors Available for comment” titter titter. Hh
Graham Speirs on radio scotland just now.Question”did rang×rs die?” Graham answers”Yes, I refuse to have my intelligence insulted by the argument that it was the company that died”!!! More overtime for police protection required!!!
Well posted,harry.
I was just going to post Speir’s honesty
re the deid club.
You beat me to the post.
Graham Speirs and Jim Spence are the
only journalists with any integrity, in this
country.
The MSM are sycophants to any club,
that plays out of Ibrokes.
Nearly fainted to hear a Scottish journo saying it!!!
I just read a brilliant piece on how Sevco will benefit from the new Glasgow Airport project.
I guess Ian Black will be taking bets on which planes arrive and depart on time, giving the proceeds to Sevco.
Graham spiers magic journalist who will tell the truth not like we Hugh.
Shorting
Planned drop in shares.
Profit for a cunning speculator.
Now I wonder ?
Haw haw haw
Ha ha, another consultant sooked into the gravy train that is sevco.
Sleekit’s questions and comments are becoming more and more irrelevant. He’s definately lining up to be a first, either first to walk away or first to get the boot as manager of the newest team in scottish football.
I am praying that we get them in the scottish cup, doesn’t matter wether at the middin or celtic park just give us the chance to rip their black hearts from their purple varicose veined bodies.
hail hail
Go into UEFA football list and servco are listed as one year old and have one trophy. And yes they did die!!!!. and will do so for good very shortly. Die die die . Well done Mr Spiers.