THink your missing the point I was trying to make. Maybe i didn't write it very well.
Im not suggesting banks are printing money to bankroll Sevco.
But when it was RFC and the BOS there was a cozy little arrangement that may have significant issues for upper level brethren in all walks of life.
To be blunt I think King is billionaire. During his tax case in South africa many sources were claiming he was 3rd wealthiest SA resident and richer by far than our Queen. Helluva claim even back then. But every single file on the net about the man other than superficial stuff is quickly removed.
Especially the 100 charges that were dropped when he got 41 convictions.
I think King is is wealthy that he can play funny buggers and when called to account pay the bill on demand if his hand is forced. Thats juts my feeling. So that means sack all.
I also think King flashes his bank balance to all the people in authority and that buys him more and more time. But gets loans based on his actual wealth like the bank of last resort, his own words, but gets loans from obscure places based on real wealth under complicated international innovation to avoid actaully dipping into his own wealth pot. After all he attachs the wealth to a company but goes guarantor and has the funds.
Thats exactly same thing Murray did. He got loans from BOS and was guarantor or his hoilding compnay was guarantor.
So the business got laons beyond its capacity based on promises by another bigger company to honour those promises should it go pear shaped.
But 1 year before rangers go burst Murray holdings sold its promise to a guy with no assets to cover the guarantee.
Murray off the hook and someobody else gets blame for death and nobody pays the bill.
It is possible this is exactly what happeneing at Deadco. Loans based on guarantees from kings wealth. But if he gets chaed out of dodge he may well get off the hook for the laons he lynched sevco. But no matter clubs cant die. The company fails this time but the club was always a distint asset that could be sold to new company. and the the thing starts again.
Now agin that pure fantasy stuff. But really it is so fantastical it may actaully be the reason they have ever lasting funding and King odesnt even need to open a UK account. In fact maybe its problematic for his escape route to have an officila bank account.
Maybe this is the kind of sinsiter stuff that happenes all across the globe every day and exposing this to masses would create distrust like never bfore of wealth owners and authority.
Worth remembering that at least 60 percent of scotland have at least sympathies for RFC. To nail RFC as wicked model may dienfranchise the 60 percent voters in Scotland to stop voting union if they dont get what the people want.
King is an outrageous chancer and opportunist - no more, no less.
He can buy and sell the average person many times over, but he doesn't have the wherewithal to go head-to-head with anyone approximating genuine wealth.
News is fabricated in the modern age. News isn't created, it is invented by the highest bidder.
Whatever assets King has, they are not liquid and without demand for his product, then these unknown assets are effectively worthless.
Modern football does not trade in hard currency. Transfer of playing assets and the financial arrangements are played out over many years and are often dependent on other factors being met.
Does anybody really believe that Celtic signed off on a wire transfer of £9 million for French Eddy?
It plays out well for Celtic and PSG to have that figure rumoured. PSG can submit this for FFP, Celtic can appease a fan base that they're happy to spend this kind of money.
The huns are doing what they've always done, just as their dead predecessor did.......play hard and fast till the shit eventually hits the fan.
Trump made a reputation for his refusal to pay his creditors and contractors, King is cut from the same rag and is playing exactly the same game.
Most of us live in a world where financial obligations have to be met in a timely manner. The capitalist, corporate world operates on a completely different timeline. The wheels move much more slowly and a degree of latitude exists. This serves two purposes:
1. Interest and purchase rates will increase exponentially over time.
2. Insurance will quantify for the initial amount of net spend.
For the creditor/financier it is a win-win.
For the credited it is the rocky road to administration/bankruptcy/liquidation.
Trump has managed it 5 times and is likely only solvent due to illegal activity (which hopefully the Mueller probe will uncover in full).
King gave a telling insight when he remarked upon criminals operating within the corridors of the shitey. We know he happens to be one, but what easier way is there nowadays to clean filthy lucre, than through the auspices of a football club. Ultimately though, Chinese and Dutch investors still want their money returned in one shape or form and ole squint eastwood still has to solve that particular problem.
He has bought himself some time, but it is not finite.........tick-tock tick-tock