BBC Scotland have shamelessly informed licence payers that Sevco are set for a £6m share issue.
Despite their massive resources the state broadcaster is unwilling to question the party line that emerged from today’s secretive meeting between Dave King and selected reporters.
BBC Scotland are officially in dispute with the tribute act but with a pool of pundits that includes Barry Ferguson, Alex Rae, Steven Thompson, Billy Dodds and Derek Ferguson little criticism of King or matters at Ibrox is ever given any publicity.
The essential strength of great scammers and con artists, is that they can pull in the gullible with ease, and even the passably intelligent, who desperately want to believe that there is such a thing as a free lunch.
— Jim Spence (@JimSpenceSport) May 4, 2018
This afternoon the BBC stated:
Rangers will launch a new share issue “immediately” that could raise £6m, according to chairman Dave King.
The South Africa-based businessman also said there was no imminent external revenue from new investors.
The Ibrox club confirmed last week that former Liverpool captain Steven Gerrard will be the club’s new manager, starting on 1 June.
“We haven’t decided, but at the moment I am thinking about £6m new cash in the balance converted to loans,” said King.
Hi Phil. You might have legal eagles who can decipher this
I read: If you don’t make the offer, you can’t buy assets for 6 months
ACQUIRED (not home-grown) players are considered Intangible ASSETS.
Could it mean a transfer ban if the mandatory, court-ordered offer is not made? pic.twitter.com/WZYvsNRIVy
— John Bradshaw (@JBLuvsCeltic) May 7, 2018
For the benefit of BBC licence payers there will be no share issue whatsoever until King complies with an order from the Takeover Appeal Board to offer shareholders outside of his concert party 20p per share.
That won’t happen until the South African based criminal deposits £11m in an escrow account with a UK Nomad. Josh Windass and Wes Foderingham will be called into the England World Cup squad before that happens.
While King remains at Ibrox there will be no new investors whether from the Far East, Middle East or East Kilbride.
If the BBC want to inform, educate and enlighten their licence payers perhaps someone could interview Paul Murray rather than publish and broadcast trash to placate the hard of thinking from Larkhall and Kilwinning.