Respected Channel 4 newsman Alex Thomson has tweeted that he expects Sevco to go into administration on Wednesday.
Thomson has kept a keen eye on the omnishambles at Ibrox ever since billionaire Craig Whyte bought the club from Dave Murray for one pound.
Rumours of imminent administration have been rife since the turn of the year with newly appointed Sevco chief executive Graham Wallace repeatedly claiming that the club is in no danger of going into administration.
If Thomson’s prediction is true Mr Wallace, who used to work for Manchester City, is likely to be the first casualty missing out on the kind of lucrative pay off enjoyed by his predecessors Charles Green and Craig Mather.
Wallace has hidden behind his 120 day review of the business but that seems unlikely to see the light of day if the club is plunged into administration.
Not long after 6pm alex thomson ?@alextomo tweeted: “Rangers to go into Administration on Wednesday? At least one senior Glasgow accountant is saying so tonight.”
Three hours later Thomson added: “Will Rangers deny that Nash and Wallace have met 2 potential Administrators in the past 48 hours? #c4news”
News of administration comes after another week of turbulence where the club’s finances have been under the spotlight.
Last Monday it was confirmed that Laxey Partnerns and Sandy Easdale had given the club a £1.5m emergency loan allowing the crisis club to meet their February payroll commitments.
The Upper Tier Tribunal into the use of EBT’s by the old club began in Edinburgh while former commercial chief Imran Ahmad had his bid to ring fence £650,000 thrown out.
The six month interim accounts for the period to 31 December 2013 should have been published by Friday but have so far failed to see the light of day.
Adding to the turmoil Dave King has issued two statements that are highly critical of the regime at Ibrox suggesting that Green and his investment partners are still calling the shots from afar.
The South African based shameless and glib liar is expected to jet in to Scotland over the next ten days to begin talks with a dozen supporter groups to arrange a season ticket boycott.
With reports speculating that administration is just days away a rush of statements are expected as the crisis at Ibrox deepens.
CLICK HERE for some very serious claims from HMRC about the Ibrox tax scams and the role of thoroughly nice man Campbell Ogilvie
Awe naw I took the day off on tuesday to celebrate and noo ahm gonnae huv tae ask for thursday as well.
Haw haw haw
JUST FUC£ING DIE SCUM!
Happy days, hh
I hear that ASDA & Morrisons have run out of Jelly & ice cream already!!
Hail Hail
But whit about the shares I bought for my grandchildren . I hope the money I spent on my 100 shares ( $ 142) was not spent in battle or in vain! Come back Messrs Green and White! Bring back Minty and the Money Launderer. Na ticket money from me until Ticketus is paid ( as well as the wee face painting guy who put on Ally’s Make – Up before games) and I get ma ” hun ner pound .”
In the nightmares of every sevco fan, the Jaws music is getting louder and louder and faster and faster. Ha! Ha! There will be no sleep for the wicked for the next few days.
what will happen to them if they do go into administration again
This sham of a “football club” should have their licence revoked and be kicked out of Scottish football. They have brought shame and disgrace to the game in this country. Ogilvie and Regan should be sacked for giving them a licence in the first place. Mind you, how we are loving it!
Every day gets funnier and funnier. Throw them on scrap heap
Sashes to ashes on Wednesday then!!!!…….if the Glasgow accountant is Neil Patey it’s likely to be nonsense.
20 years atfter Sir Fergus saved the Hoops no administration payed our bills, payed dearly for honest mistakes (still paying), 20 years + 1 day later they go back into administration, and i am off both Tuesday and Wednesday Sainsbury’s for mint ice cream & jelly and back to work Thursday night, thank god i am a tim
Sashes to ashes on Wednesday then!!!….if the Glasgow accountant is Neil Patey likely to be nonsense lol.
This is the disgrace of a football club that the SFA wanted to plop into the SPL . . .
FROM NOWHERE!
The sleekit one stands on the sidelines and behaves as if it has nothing to do with him yet he is the dunce that bought all these over hyped players with their inflated wages to Sevco with money they OBVIOUSLY couldn’t afford and has landed his club in the brown smelly stuff mark 2.
The MSM and the other media oulets including the BBC must take their share of the blame for this train wreck as they have constantly spoken in glowing terms of the Sevco’s ”success” on the park regardless of their teething troubles off it!
Now here comes the Lying King of Karma town to drive home the final nail in the Sevco coffin.
Can there be anyone left outside of the SFA who has any sympathy for this pond life of a club?
Now, is it to be a large bowl or a just the regular sir!
Buffy,well said.
The SFA and the Devil club they gave a
membership to ( illegally ) are ROTTEN
to the core.
They will make friends on the journey ?
My arse !!
As theyr’e song goes NOBODY LIKES THEM
Their ‘friends’ are Ogilvie and his cohorts,
and the Scottish MSM.
They ‘ Big’ them up at every opportunity.
Now,look at them,buying success ( again )
from the 4’th tier up.And yet, they CAN’T
AFFORD IT !!
SCOTLAND AND THE SFA’S SHAME,IN MORE WAYS THAN ONE.
And all the press can print about is a road at lennoxtown
Stand up Mr Green, and Mr Whyte, where is your GOLD?
What about Charlie and the Champions League music,its no fair………………..have the bears been duped.
if this is true then i will be dissapointed as i wanted them to die on st patricks day
Sevconians to give up jelly and ice cream for lent lawl!
Surely their interim accounts don’t need published until 31 March (3 months after interim date)? Why Friday?
And on an infinitely more pleasurable note I would like to say happy birthday big man. Our king billy is a true legend with more honesty and integrity than a whole barrel full of govan ” stars” past or present. And billy , I will never forget winning the title in 88. God bless you sir. YOU WILL NEVER WALK ALONE.