Dave King is piling the pressure onto the three bears as repayment date nears on the soft loans that have helped keep Sevco afloat.
In their audited accounts to 30 June 2017 it was noted that director loans stood at £17.7m, some of which are due for repayment on 1 July 2018.
The three bears- Douglas Park, George Taylor and George Letham- could extend the term of the loan but tellingly they refused to pump any more money into the club last season forcing King to turn to Close Brothers in February for a secured loan.
King has increasingly appeared to be a lone wolf- as well as a loan wolf.
Despite a going concern warning in the last accounts and the Close Brothers deal the wage bill has gone through the roof in recent weeks.
Steven Gerrard and Gary McAllister are believed to be picking up around £60,000 per week, that’s around 150 full price season tickets.
With four more members of the back-room team adding to the costs the club has additional wages to meet for Allan McGregor, Scott Arfield, Jon Flanagan, Connor Goldson and Nikola Katic. That little lot is likely to be costing £100,000 per week in wages with transfer fees on top for Katic and Goldston.
Days before Gerrard was appointed accountants Paul Murray and Barry Scott bailed out of the blue room.
There has been rumours of two directors handing in their notice while Alastair Johnston is believed to have demanded repayment of the loan he provided in December.
Companies House were informed in December that Johnston had taken significant control of the company the previous month.
On the back of the Gerrard appointment King informed hand picked reporters that he would be funding the Revolution with a £6m share issue this month.
Other than a statement from Club 1872 there has been no announcements for this share issue. July is just over a week away.
With the three bears staying silent King is pushing them into a corner, for the Parks family with heavy exposure across the west of Scotland calling in their loans could have a ngative impact on business, King currently has hero status with the gullible as new signings flock to join the Revolution.
Resignations after July 1 are more likely than calling in the loans leaving King and stooges like Stewart Robertson to keep the show on the road with expectations and demands sky high.
As ever with King the future is unpredictable, with no sensible business plan, backers or investors the going concern warning could be close to fruition.
