It looks like Sevco are on the brink of administration.
Stewart Robertson’s club, the one that runs without a budget and which had a going concern warning in their last audited accounts, have still to publish their accounts for the year until 30 June 2016.
The internet is rife with speculation about how tight things are at Ibrox with suggestions that Dave King has paid off the clubs Hong Kong based investors with £5m raised from the season ticket money inspired by the signing of Joey Barton.
With no lessons learned from the administration and liquidation of Rangers in 2012 the Daily Record has launched a special investigation into the personal investments of Peter Lawwell.
Like most non-billionaires Lawwell likes to play the investment game to minimise his tax liability, it’s what rich people do. Football people tend to have a lot of cash to play with making them ripe for various investment schemes.
This morning the Daily Record reassures it’s readership with the headline story of ‘Celtic chief Peter Lawwell among club figures linked to £434million tax dodge’.
Excitedly the report adds: “A Record investigation reveals the Hoops chief executive, along with several former players and managers, invested in a number of controversial film partnerships set up by London firm Ingenious.”
The Record scoop then goes on to list over a dozen former Celtic employees that invested in the scheme ranging from Martin O’Neill and Neil Lennon through to Bobby Petta and Darren Jackson.
In the interests of balance paragraph 20 mentions that ex Rangers striker Billy Dodds was also investigated.
According to the BBC Record columnist Barry Ferguson received £2.5m in EBT payments directly from the club currently in liquidation. Ferguson has never discussed this matter to the Record’s army of readers, Ibrox blazer chaser Paul Murray is a huge fan of the Record’s fearless reporting.
Mark Warburton, who used to work as a city trader, isn’t expected to discuss his January transfer war-chest from Dave King’s over investment plan any time soon.
