One Twitter account appears to have cut to the chase with the dispute between Ibrox and the SPFL.
A month ago when the dispute first surfaced it was portrayed that the kind-hearted souls at Ibrox were trying to release funds for hard-up lower division clubs.
With a long history of legal defeats behind them it was no surprise when their attempt to convert prize monies into unsecured loans was ruled incompetent by the board of the SPFL.
At the same time a vote was constituted to decide the 2019/20 season based on average points per game. Despite a few technical issues it was carried by more than 80% of the clubs. The lower division clubs that Stewart Robertson and Douglas Park care so much for banked their prize money.
Meanwhile.
This would give Sevco £2.4m as loan now. £2.4m for 2nd place prize money- and the right to not repay the loan/have SPFL offset prize money against the loan.
It was an attempt to get the SPFL to fund Sevco to the tune of £4.8m without ANY security. Nice try.
— TheTributeAct (@TheTributeAct) May 1, 2020
This entire fiasco is about a football club nearing the end of its financial rope.
It’s about a club that needs money to keep going and if it can’t get it, they would rather destroy Scottish football than just leave us all to enjoy life without their ghost haunting us.
— TheTributeAct (@TheTributeAct) May 1, 2020
The row rumbles on. Park called for the suspensions of Neil Doncaster and Rod McKenzie, the attack dogs were trained on Murdoch MacLennan. The suspension calls have been dropped from recent statements.
Four weeks on nothing has surfaced about the evidence Mister Park obtained from his whistle-blower although it has now evolved into a dossier.
On May 12 the SPFL are scheduled to host their EGM, their executive now know exactly how desperate the Ibrox club is. Any tactics will do as they deflect from their in-house problems.
Karma is returning big time to those that created the Five Way Agreement in 2012, not a single club objected. At Celtic’s 2019 AGM Peter Lawwell claimed that he had never seen the document, others suggest differently.
In 2012 HMRC stepped in to call out a club that was trading while insolvent, it might be another four-letter firm that finally calls out the Tribute Act.