Beware the angry Shareholders — they might just demand an answer!


On Radio Clyde just now – Jim Delahunt Administration is a …

Comment on Beware the angry Shareholders — they might just demand an answer! by Tif Finn.

On Radio Clyde just now – Jim Delahunt

Administration is a routine business function Jim, you are absolutely correct.

So is liquidation.

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Beware the angry Shareholders — they might just demand an answer!
Angus1983 says: (1241)
November 21, 2013 at 11:30 am

Mr Somers said: “After an extensive recruitment process the board interviewed several high calibre individuals and determined Mr Graham was by far the outstanding candidate for the position.”


So he was by far the outstanding second choice.

Beware the angry Shareholders — they might just demand an answer!
john clarke says:


To be fair they don’t actually have a league championship, they have a divisional championship.

If the SFL had a league champion in it’s final season then that would have been the champion of the top division, not the bottom one.

Beware the angry Shareholders — they might just demand an answer!
Christyboy says:


Thanks for taking that the way it was intended, I was worried that I had worded it badly.

The bottom line is that bodies like the SFA saying that sometimes we do this and sometimes we do that… blah blah blah is really just clear obfuscation (oxymorons are great).

All that is important in a specific circumstance is what they actually did, not what they could have done. In The Rangers’ case they were treated as a new club by the Scottish football authorities, it really is as simple as that.

To my knowledge the SFA has pointedly refused to make any comment which would reverse that, and in reality there would be little point now.

Recent Comments by Tif Finn

Podcast Episode 1
Regarding tv coverage.

As I understand it the tv companies had the contractual right to show a number of games from the different stadiums.

They were naturally going to use two of those from Celtic Park when Rangers visited and two at Ibrox when Celtic visited. The bottom line for the other grounds is that the biggest draws were when that teams on natural rivals were visiting (say Hearts at Hibs) or when either Celtic or Rangers were there.

The tv companies have to try to maximise viewing figures and that was simply the best way to do it.

Podcast Episode 1
A nice precedent for Craig Whyte if these recordings are admissible.

Particulalry Charles Green saying “You are Sevco” several times in the same meeting.

It’s small wonder he wouldn’t object to things like that being made available.

Podcast Episode 1
RIFC actually did take on some of the debts of their predecessor and paid them.

From the accounts

“There were also substantial payments of £2.4m made to clear football debts to other Clubs incurred
pre-administration which the management of the Club was committed to addressing”

As I recall the football authorities also withheld money owed to Rangers, which should have gone to the administrators and used it to pay football debts.

Between them Rangers and the Scottish Football Authorities they created an effective preference for one group of creditors.

Podcast Episode 1
It’s an entirely different World nowadays with regards the press and access to information and opinion.

The internet and in particular social media has totally changed the landscape.

Several decades ago people really only had newspapers, the radio and Saturday night highlights to go on. Sports reporters and broadcasters had an enormous influence on public opinion, whether it be positive or negative.

That has been totally overturned for a lot of people. Particularly with places like this, where what they say can be challenged and often be demonstrated to be little more than propaganda and press releases.

For example for years most people really believed that Sir David Murray had actually been putting his own money into Rangers and financing their success. This was put about and supported by the “succulent lamb” journalism of the time.

Things have changed for the better.

Podcast Episode 1
For McCoist to “value” the players registered to the team at that time as if they were employed by a vibrant healthy club is disingenuous anyway. That is not the reality of the situation. It was a club in administration from February and as such any transfer fees would have reflected that position.

I know they didn’t think the normal rules of administration applied to them, they even tried to bring a player in. However as clubs who have been through the process know players are sold at a fraction of their “normal” value simply to bring money in and get them off the wage bill.

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