After five years of utter chaos Stewart Robertson has revealed how Sevco plan to become self sustainable.
According to their Managing Director the club will be dependent on soft loans until they reach the group stage of the Champions League!
To achieve that Sevco will need to win the SPFL title and negotiate their way through four qualification rounds against teams with a higher seeding.
Since being formed by Charles Green in 2012 the club from Ibrox have ran up close to £20m in loans to directors and are currently sitting in third place in the table behind Celtic and Aberdeen.
The thought of living within their means, developing, selling and reinvesting in players seems an alien concept with Robertson revealing the business plan in a Q and A with in-house fans group Club 1872.
QUESTION) The most recent financial results are encouraging but highlight the staggering gulf between us and our nearest competition. Can this board please outline how they plan to deal with this substantial deficit going forward?
ANSWER) The majority of the deficit is accounted for through qualification for the Champions League group stages. Other income streams such as retail revenue and commercial income are increasing however there needs to be a recognition of just how valuable qualification for the group stages of the Champions League has now become. It is worth in the region of 30m Euros plus associated gate monies.
After a £10m summer spending spree Sevco crashed out of the Europa League at the first qualifying round to Progres Niederkorn of Luxembourg.
