Dave King has held a low key media conference to a specially invited audience and told them that £6m will be raised next month in a special share issue!
All through the morning social media was busy with claims of major investment after King deflected that tricky question away from Steven Gerrard’s arrival at the club (on June 1).
As anyone with a passing knowledge of business will realise there is more chance of Andy Halliday being a contender for Ballon D’or than a Sevco share issue next month.
Dave King held a media briefing a short time ago. £6 million to be raised via a share issue next month. As things stand, no external investment coming into club. More on our website soon
— Raman Bhardwaj (@STVRaman) May 7, 2018
More than £6m will be needed to pay off the contracts of Carlos Pena and Eduardo Herrera.
Having spent over three years refusing to offer shareholders outside of his concert party a paltry 20p per share time is running out for King on that front.
The Takeover Appeal Board and Court of Session are watching every move with no UK based NOMAD prepared to deal with the toxic son of a policeman from Castlemilk.
What King can count on is the gullible parting with their money to buy season tickets, as that money rolls in it’s likely that he’ll announce his resignation as chairman sometime this month leaving his boardroom colleagues to pick up the tab or put the club into administration.