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There’s also rumours that the Candeias offer was circa £800k paid in stages and when SevCo asked for more cash upfront, Genclerbirligi changed the offer to only £300k paid up front, which SevCo snapped up.
Of course all rumours and conjecture but I so hope it is true.
Exactly. Perfect timing for Ashley with all the season ticket money banked now. That's all his once they work out the amount.
I guess sevco will be praying for europa group stages again. If not, they'll need a fire sale to pay wages
The sevconians really are a masterclass in stupidity.
A few years ago when Ashley was in charge they had a genuine billionaire. Not financed through dodgy tax schemes or soft loans from BoS like Murray did.
It was in Ashley's interest for them to do well. He gave them first pick of Newcastle's talent and interest free loans. Some claim they were just a few months away from running at break-even.
Not sure how they'd do against a Rodgers team, but they would have had a good chance beating Lennon's celtic to the league title.
Instead, they ran Ashley out of town in favour of a convicted criminal who was around when the old rangers died (and voted against the cva).
That genius spent £3m to get out of a deal that earned them very little - and replaced it with a deal that's costing them millions!
What money they do have is being spent on losing court cases, and there's only more of them to come
AND THEY'RE STILL STUCK WITH ASHLEY'S DEAL![]()
While I agree to be sceptical, there's a few things that aren't disputed.
1. There was a going concern warning in the last accounts. That's a sign of a company at risk of going bust
2. The judge has said it will be several million due to Ashley. There's no evidence of money being set aside to cover this
That means they need to raise money. Cut costs, or sell off assets like property, or get a cash injection from someone stupid*, or likely a combination of all of these
* fans via share issue is likely, as they're usually stupid enough.