It Takes Two to Tangle


Hullbhoy and others re ‘incorrect’ statement in RIFC Annual report: I …

Comment on It Takes Two to Tangle by John Clark.

Hullbhoy and others re ‘incorrect’ statement in RIFC Annual report:

I sent the following email yesterday. Not yet had a reply.

“Dear AIM Regulation,
This vexed company (Rangers International FC plc) keeps throwing up matters of concern to me, and, presumably, to many others.
What am I make of this, for instance:
“Mon 07 Jul 2014 16:55
RNS Number : 6537L
Rangers Int. Football Club PLC
07 July 2014
Rangers International Football Club plc
(“Rangers” the “Club” or the “Company”)
Statement re: Annual results for the 13 month period ended 30 June 2013
The Directors confirm that following the issue of shares announced on 1 July 2014 pursuant to the exercise of options by a former Director, there are now no outstanding share options or convertible shares held within the Group. The Directors note that Note 30 to the accounts for the 13 month period ended 30 June 2013 was incorrect to the extent that the options to which the share announcement on 1 July 2014 relate were not included.
For further information please contact:
Rangers International Football Club plc
Graham Wallace
Tel: 0141 580 8647 ”

Just what the devil is that Board all about, I ask myself? An incorrect and misleading Note 30 to their long-awaited Annual results report!
They appear to have a very cavalier attitude to their responsibilities as Directors of a PLC.
And a very sleekit approach to announcing any error- 4.55 pm .
I hope AIM has a close look at this Board’s puzzling behaviour.

Yours sincerely,

John Clark Also Commented

It Takes Two to Tangle
enough is enough says:
July 11, 2014 at 12:08 am
‘….It’s probably obvious, but can someone explain the joke to me? (I was blonde as a child)’
It puzzled me with its cleverness as well. But I think Torre Andre Flo’s ebt is the reference ‘ How’s the cash, Flo?’.

It Takes Two to Tangle
Just before I go to bed, as a hopelessly trapped PAYE civil service pensioner, can I just remind ourselves that whether or not RFC ( still languishing in liquidation) illegally evaded paying tax is NOT the primary focus.
It does not matter a damn in terms of football integrity .
They lied to the SPL and to the SFA about the payments they were making to their players. End of story. They ought to have been kicked out of Scottish Football if the rules had been applied.
They cheated big time.
But worse, that cheating was KNOWN to people in the SFA, over many years.
And not dealt with.
And wholly disregarded in the frantic, panic-stricken ‘Armageddon’, ‘Civic unrest’ response by the SFA to the death of a club, a club most favoured by lying referees and prejudiced ‘Peter Thomson’ BBC radio sound-alikes over the years.
I doubt if anywhere else in the world of football an individual club so flagrantly in breach of its National Association’s own Rules has been so protected and defended by its Association.
With the backing of the ‘media’.
A great wrong has been done and, in effect, covered up. What was the old phrase? -‘cover your work’?
The football crime is of more relevance to this blog than any tax-evading/avoidance scam.
Let’s not forget it, because we all in one way or another, were victims of it, whether in sporting terms or in hard cash terms.

It Takes Two to Tangle
Castofthousands says:
July 10, 2014 at 12:02 am
‘…..I think they must have looked like payments from Ranger’s perspective as well since they decided not to register side letters with the SFA as part of the players remuneration details. ‘
CoT, there is no question but that SDM/RFC believed they were at the madam.And there is a delicious irony in the fact that , according to the UTTT, they were not in breach of tax legislation.Had they played a straight bat as honest brokers, they need not have killed their club by selling it for £1.00 to a third rate chancer.
But they KNEW in their minds and hearts that they WERE at the madam, feared that the game was up,and chickened out.
The sole and entire blame for the death of RFC lies at the door of SDM. And Media attempts to exculpate him are just nonsense.
But that’s an internal matter for the blogs of and supporters of the new club.
Our concern is quite, quite different. It matters not what the tax legislation says: SDM/RFC were guilty of
serious cheating under the Rules of the SFA and SPL over many years. Cheating that ought to have been spotted by the Administrators who are so good as to be able to spot the absence of a signature on a routine form, but appear not to know about the practice of a club in routinely not disclosing all payments made to its players even though the best administrator in the world had ,while employed by that club, personally benefited from that practice.
The rottenness was there. Is still there. And is still to be rooted out.

Recent Comments by John Clark

Questions, questions, questions
Wokingcelt 20th August 2022 At 23:54
‘..Is it too much to ask that the pundits I (we) are paying for know the freaking rules????.
What I have often wondered is why ,when refereeing decisions are being hotly debated on TV or radio football programmes , the text of the relevant rules of the game aren’t flashed up on screen or quoted verbatim on the radio, so that the discussion is based not on what people THINK the rule says or on what they think it SHOULD say but on what the rule ACTUALLY says
(I’ m listening to Michael Stewart wittering on just now on Sportsound)

Questions, questions, questions
” There are shades of Mandy Rice-Davies in this explanation – ‘They would say that,
wouldn’t they ?’ ”
So remarks Mr Justice Julian Knowles in the judgment issued today in the case
Ghanem Al-Masarir – Claimant
– and –
Kingdom of Saudi Arabia – Defendant.”

Boy, that took me back a wheen of years- Christine Keeler, Stephen Ward, John Profumo and all that.
I mention it partly from nostalgia for that period of my life, in which Cabinet Ministers who lied to Parliament were not able to brazen it out, but mostly because of the delight I would feel if I were to hear a Judge of the Court of Session say those words in relation to the out-thrust-chin and/or whining , aggrieved assertions by the Ibrox Board and the SMSM that ‘it’s the same club’!

Oh, for a ‘litigation-expenses-worth’ of a Lottery win!

[the case is about whether the Kingdom of Saudi is immune under The State Immunity Act 1978 and cannot be sued in the UK in an action for damages etc brought by a Saudi national granted asylum in the UK some years ago who claims that the Saudi government authorised the hacking his iPhones etc, eavesdropping on him remotely by means of ‘Pegasus’, harassment of him , and the ‘ beating him up’ in London.
If you are interested the link is ]

Questions, questions, questions
Further to my post of 18th August 2022 At 12:22, I had to look up where exactly the New Town Theatre is.
I had a chuckle to myself when I discovered that The Strand’s New Town Theatre (venue 7) is in the Freemasons’ Hall, George St Edinburgh!
Unbidden , a couple of lines from T.S. Eliot’s “The Love Song of J. Alfred Prufrock” sprang to mind:
” I grow old…I grow old
I shall wear my trouser bottoms rolled”
Incidentally, the last Festival Fringe thingy I attended was Spiers ‘chatting’ with Stuart Cosgrove-in 2015, I think.
Cosgrove was flogging his new book “Detroit ’67” at the time. I bought a copy , of course, and he happily scribbled ‘ To John Clark, SFM ‘ seemingly aware of the blog.
I’ve half a mind to go see Thomson. I wonder is he flogging a book?

Questions, questions, questions
Wokingcelt 18th August 2022 At 09:30
‘..I see that Graham Spiers is interviewing Alex Thompson on Friday 26th August.’
As to which ,Wokingcelt, Spiers had his chance in 2012 to speak the truth about the Big Lie created by the football authorities and eagerly supported and propagated by the football hacks of the SMSM and the BBC. And didn’t take his chance.
Alex Thomson began well and bravely enough, but either his courage failed him or he became so disgusted with the Scottish media sports hacks and editors that he despaired of their biased/frightened/ partisan/ lying hearts being willing to tell the plain, simple sports AND business truth: namely, that RIFC plc is not the holding company of RFC of 1872 foundation, but of the football club that was set up by CG’s consortium and newly admitted into Scottish football in 2012, and that it’s a monstrous fiction that TRFC is 150 years old and laden with sporting honours.
It’s with this in mind that I read a piece by Alistair Grant in ‘The Scotsman’ this morning, and laughed hollowly, as you will too, I’m sure when you read this excerpt in which he quotes with approval these words of the First Minister:
” Hurling abuse at journalists is never acceptable. Their job is vital to our democracy and it is to report and scrutinise, not to support any viewpoint”
Apparently, BBC Scotland editor James Cook was the target of abuse at some hustings in Perth on Tuesday evening, being called among other things ‘a liar’.
I know him not.
But he works for BBC Scotland, which propagates , deliberately, an untruth- in a mere matter of Sport!
I don’t know Alistair Grant either: but I have never heard him, or read of him, ripping into any of the Scottish football hacks for failing in their ‘vital to democracy’ job of ‘reporting and scrutinising’

Questions, questions, questions
Big Pink 17th August 2022 At 11:47
‘..The workaround is to click on the “login” menu item at the top of the page.’
Well done, that man! It’s good to be able to post, and thanks for the ‘workaround’

I had wanted to post yesterday[Tuesday, now] because, pursuing my curiosity about how the Board of the SPFL can( apparently] accept that 5 of the member clubs, Hibs, Aberdeen, Dundee, Dundee United, and Hearts, could without Board authorisation, commission a ‘review’ into the business of the SPFL, I had read in the Scotsman that
” As a follow-up to the [Deloitte] report, an innovation and strategy group of representatives from Aberdeen, Celtic, Hearts, Hibs and Rangers has now developed a five-year strategic action plan”

All of a sudden, two clubs that were not part of the ‘commissioning’ group are in there , grubbing away!
Is the SPFL Board really and truly operating as a Board of Directors?
What kind of numpty organisation is the SPFL?
Geez, it’s surely bad enough to be defenders and promoters of a lie: to be in addition useless toss-pots that are not in charge as any kind of board of directors should be is quite, quite telling.

Not immediately related to that, was I alone in thinking that the ‘Asset and Undertaking Transfer Agreement’ between the SPL and the SFL occasioned extinction of the SFL?
I learned today that the SFL was never an incorporated company registered with Companies House.

If you look up Scottish Football League on CH, you will see that there is indeed a company of that name; but
incorporated only on 27 June 2012, with share capital of £2.00, 2 shares both owned by the SPFL! with Neil Doncaster as CEO.
Not at all sure why the SPFL should want to own a new SFL?
Anybody explain?

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