A report has claimed that the SFA have rejected Sevco’s application to play in UEFA competition next season.
March 31 was the first deadline for applicants to demonstrate that they are complying with Financial Fair Play rules with audited accounts showing losses of under 5 million euros over the last three years.
Sevco’s last audited accounts were to 30 June 2016 and revealed losses of £11.9m for the previous two years.
It had been suggested that the SFA would forward the application on to UEFA to deal with but according to Phil MacGiollabhain the Hampden authorities have applied the rules and returned the application to the Ibrox company.
According to the award winning blogger: “Last week he (Ibrox executive) submitted some paperwork to the Scottish Football Association.
“This was to enable the Engine Room Subsidiary to play in UEFA competition next season.
“However, it was quickly pointed to him that what he had presented was incomplete and unsatisfactory.
“My information is that he has until the end of this week to get it in order so that it can be sent onwards to UEFA.”
FFP was introduced to prevent clubs racking up unsustainable debt in order to quality for UEFA competitions.
If Sevco are nominated for a place in the Europa League qualifiers they could be hit with severe restrictions for failing to meet FFP rules.
These normally involve fines, registration restrictions and producing audited accounts showing that the club is breaking even to compete in future UEFA competitions.
