Our First podcast features a general discussion involving our own Big Pink and Auldheid.
Since it is the first podcast there is no particular agenda save for a general chat about TSFM, the state of Scottish Football, and some few reminiscences. The chat covers a lot of ground, but establishes the ethos of the blog pretty well.
Topics discussed include FPP, Leadership, Interdependence, Scotland’s self-regard, Coaching and Nurturing of Talent, Redistribution of Income, Rangers, Forgiveness, domestic strife đ
The interview was conducted a couple of days before the latest round of Armageddon, when Big Pink and Auldheid felt safe and well đ
The link below is to the iTunes store page for our Podcasts. If you go there, you can subscribe to the podcast (on your PC or iPhone) and new episodes will automatically be sent to you.
Since we have just been approved for a spot on iTunes, the iTunes search side of things may not work properly for a day or so.
twopanda says:
February 15, 2014 at 11:16 am
Re Charles Green appointment – the form appoints him in May 2012 – it is signed and counter-signed by C Green – a bit strange as another director usually counter-signs to agree the appointment – the appointment date is the date of incorporation of Sevco 5088, so the only valid director is either the formation agent or the person named in the memo and articles – form filed by FFW, who should know their Companies Act
Davie B says:
February 15, 2014 at 7:51 pm
twopanda says:
February 15, 2014 at 11:16 am
Re Charles Green appointment â the form appoints him in May 2012 â it is signed and counter-signed by C Green â a bit strange as another director usually counter-signs to agree the appointment â the appointment date is the date of incorporation of Sevco 5088, so the only valid director is either the formation agent or the person named in the memo and articles â form filed by FFW, who should know their Companies Act
——————————————————————————————————
This has been part of the dimg-dong battle for control of Sevco 5088 with each side knocking each other off and then re-registering as directors. And the registered office is continually changed as well.
The recent terminations were done electronically so you can’t tell who has actually authorised them as you would with a paper copy.
However I expect that Whyte & Co will re-register. This has been going on since April 2013 and it’s a sign of how useless Companies House is that they haven’t sorted it out. It has gone to the Registrar at Companies House but that has made no difference.
Companies House has turned into a ‘post office’ and as to ensuring companies meet their statutory requirements they are not even as effective as a chocolate fireguard.
ecobhoy says:
February 15, 2014 at 8:02 pm
I know, I deal with Companies House on a weekly basis – the appointment form is hand written and partly typed
http://www.scotsman.com/sport/football/spfl/glenn-gibbons-no-point-in-mccann-rangers-parallel-1-3307232
ÂŁÂŁÂŁÂŁÂŁÂŁÂŁ
The thing that annoyed the SMSM most about Fergus was his unwillingness to indulge their fantasies that had been nurtured under SDM. Fergus’ habit of blunt speaking didn’t go down well either. He was presented as both naive and ruthless. The infamous DR front page ‘one of these men is a ruthless dictator, the other is Saddam Hussein’ was a prime example of this. When I ‘phoned the DR to complain about the page, I was told that ‘…it was just a bit of fun’.
Exactly the same thing happened when I phoned the DR about Alan MacDonald wearing a Rangers top including photo. This front page went out on the day that Celtic were playing Souness’ Blackburn. The blurb stated that MacDonald had lied to Fergus at interview about his pedigree as a ‘Celtic’ supporter. The news desk claimed it WS a piece of fun and the fact that they had waited so long to run this story was pure coincidence.
The MSM despised Fergus for his litigious nature. They were forced to tell the truth. Fergus never went after the DR for it’s attacks on him or his executive staff. But they lived to regret the ‘Thugs & Thieves’ headline. MON was also ready to resort to court when he felt aggrieved.
Fergus had Scottish Football taped. SDM was unable to understand the difference between impressing people and being impressive.
From time to time I see posters asking how a court of law would view TRFC’s claim to be the same “Club”. The courts don’t care – its not a legal issue – its a football one. Equally no amount of posturing or rhetoric about continuation of history could ever make TRFC liable for Oldco’s debts.
And finally – the Insolvency Act doesn’t need changed to outlaw football creditor rule – the law is fine. Its the football authorities who have to change.
The law states ordinary creditors must be treated equally as regards how the insolvent estate is divvied up. That is what happens – even in football cases. The law is fine as it is. And the law has to deal with many more important issues than a few piffling football insolvencies. But maybe I am wrong. What bits exactly need changed and how?
davythelotion says:
February 15, 2014 at 8:39 pm
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Fergus had Scottish Football taped. SDM was unable to understand the difference between impressing people and being impressive.
________________________________________________
A fitting epitaph for both!
RyanGosling says:
February 14, 2014 at 10:40 pm
âWhen Buster Douglas beat Mike Tyson the focus was not in how good Douglas was but on what Tyson had done wrong.â
,,,,,,,,,,,,,,,,,,,,,
Hi Ryan
The comment above summarises beautifully the difference between a commentator who supports a club and one who doesn`t
Let me explain
A goal is scored (say) by Hibs against Hearts
The ex Jambo player commentating on the game immediately focusses on which Hearts player made the mistake and how this mistake lead to the goal. While applause is ringing round the ground he repeatedly makes this irrelevant point above the din. He never mention how well the goal has been devised other than to imply it was fortuitous
Donât take my word for it
Just look at the next game shown on TV
davythelotion
You’re conflating the Allan MacDonald and Iain McLeod stories. Ian McLeod was ‘accused’ of being a Rangers fan because he wore a strip. Allowed Chic Young of all people to tie him up in knots with a “name three Lisbon Lions” question at his inaugural presser. Despite the fact that Jim Craig was sitting not six feet away from him, he managed only “Jimmy Johnstone!”. It was very amusing at the time, but I don’t remember anybody suggesting that it betrayed a character defect.
MacDonald was accused of lying to Fergus about his fiscal prudence.
It’s a better man than me who could get AM into a Rangers shirt.
Apologies for heavy Celtic weighting.
Danish Pastry says:
February 15, 2014 at 5:59 pm
Shareholders don`t need to be Directors
PR exercise I`d bet
Somethings up [as per]
âââ-
In what way a PR exercise? On whose behalf?
__
Apols for late back Danish!
.
Attempts to pacify SFA poss + remove ST `impediments` poss â on behalf of spivs deffo
All in all looks pretty desperate.
S5088 must be an interesting wee treasure trove â when spivs spar over it
Of course they could tell the supporters whatâs up
Man-up and tell the truth
But they won`t
This is why any bears who gives them another farthing in any shape or form needs their heads examined
Re London road school getting knocked down..
Only the janitors house was demolished,spoke to the old janitor today, he is in his eighties now and showed him the pictures of it getting knocked down.
“Great wee house that” was his reply,then he went on to tell us some stories about celtic players,managers and chairman. (Some i just can’t type out )
Re above posts on 5088:
Is it not obvious that Mr Green hasn’t actually gone away yet?
Bangordub says:
February 15, 2014 at 10:31 pm
Re above posts on 5088:
Is it not obvious that Mr Green hasnât actually gone away yet?
====================================================
Exactly what I was thinking, Bangordub !
WTF is going on here? There have been 2 years to investigate this scam, yet 2 years on we’re seeing the same protaganists come and go as they please. The only constant seems to be AM!
I bet AM has a few stories to tell?
The whole scenario baffles me beyond belief,
I panic each month trying to pay my mortgage, but it seems to me that a bunch of suits are taking the absolute mickey stripping a football club bare to it’s bones!
Green’s time at Sheffield United proved he was a a chancer. Maybe this time he has learnt his lesson’s and now knows how to carry it out properly?
From what I’ve read tonight, I suspect something is brewing in the background. I don’t think it’s going to be pleasant for Rangers Fans though!
BTW, I noticed earlier that Mr Wallace was also a director of Garrion Security. That surely must set alarm bells ring down Govan way?
I’ve got a big question to ask.
Can anyone supply a Family Tree starting from the players upwards?
I’d like to know who the players Daddy is, and who his Daddy is, etc. Who actually is responsible for paying the wages?
Which “Company” actually has to foot the bill each month paying wages, NI and VAT?
I’ve read and learnt a lot on this blog about how companies operate. I’ve heard a lot of debate on how good HMRC, BDO, etc are. I’ve heard a lot of debate on how HMRC, BDO, etc are incompetent as well.
What I do know is that the SFA and the newly crowned SPFL are probably the biggest Idiots ever to go along with this scam.
Let’s face it, they were caught between a Rock and a Hard Place! Damned if they do, damned if they don’t!
Unfortunately, they choose the Long and Winding Road!
It should have been “Penny Lane”
The result?
Rangers now think they are Lucy in the Sky with Diamonds!
Cluster One says:
February 15, 2014 at 10:26 pm
‘..Only the janitors house was demolished,.’
——–
Cluster One, I looked across the road at the jannie’s house from the front room window of the flat in which I sat with my chain-smoking brother ( God, how daft we all were in them days!) while his wife was giving birth to my beautiful niece ( in the bedroom, of course, with midwife and all of that) in 1967.
As a single man at the time, that occasion was powerfully impressive, and is engraved on my memory.
And, as the poet has it, ‘lacrimae rerum’-the tears of things!
What was that song of the 60’s which had the line ‘they’ve changed our local palais into a bowling alley and things ain’t what they used to be…”?
A veladrome instead of pre-war Corporation three-storey ( quite nice) tenements.
But in a kind of a way, part of me is gone.
Just as gone as the jannie’s hoose!
And, a wee tear wells up in the eye.
Resin_lab_dog says:
February 15, 2014 at 1:45 pm
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Some genuine good news to offset the doom and gloom of armageddonâŚ
http://www.bbc.co.uk/news/uk-scotland-highlands-islands-26155942
________________________________________
Not a nibble!
Yawn.
I am actually a wee bit disappointed by tsfm for the first time.
While the (finaincially responsible) footballing agenda has actually moved along nicely for ‘a wee bit while’ to the (non sectarian) north, the debate on this blog is grounded in the west of scotland.
Time 2 up yer game guys!
There are more than 2(+1) teams in the league.
2 councils falling over themselves to make a scottish league cup final a success, for cultural reasons, with the (implied) support of their constituents?
Espousing all of the values this blog pertains to uphold? Trying to find ways for kids to get to the final?
FFS!
A wee smiley mebbes?
Or are we ‘jist diddys’ an aw? Jeezo! Jacko would be proud o’ yez all! Its the old firm alive, well and kicking! Standing on its neck and punching it in the face is no’ enuff! Only a stake thru the heart will make ony difference!
twopanda says:
February 15, 2014 at 10:21 pm
‘ … any bears who gives them another farthing .’
———-
I love it, twopanda. Farthing . Geez, I think it was still legal tender ( with the wee robin on the obverse of the nice wee copper coin) when I started school!
Is this a night for OT reminiscences, or what? đ
Campbellsmoney says:
February 15, 2014 at 9:11 pm
‘… asking how a court of law would view TRFCâs claim to be the same âClubâ. The courts donât care â its not a legal issue â its a football one. Equally no amount of posturing or rhetoric about continuation of history could ever make TRFC liable for Oldcoâs debts. ‘
——
Therein you have the absurdity of the situation.
In terms of the law , RFC(IL) had huge debts
.
In terms of the law, RIFC is quite a different legal entity which is not at all liable for those debts.Agreed.
But, in some absolutely perverted, corrupt and thoroughly contemptible way, our Football authorities have lost their reason, and have asserted that the brand new club is liable for some (and only some!) of the debts of the dead club but are entitled to all the dishonestly ‘achieved’ honours and titles of the dishonoured, dishonourable, cheating club that actually died.
Courts of law are neither here nor there ( except in so far as certain fraudsters, scammers and rip-off lawyers, insolvency people and EBT recipients might currently not be sleeping too well) .
The plain , actual , truthful, footballing fact is that RFC(IL) with those trophies and honours that it won fairly and squarely (that is, before SDM’ s megalomania took him into fantasy land ) died.
And Its football triumphs died with it. Necessarily so.
Our Footballing Authorities have in fact made absolute arses of themselve, as well as hostages to fortune.
Who among our club chairmen but is not aware that he has the SFA by the short and curlies? Which of them is not now going to do a CG , citing the craven capitulation to that snake-oil snake as a precedent?
I sit and ponder.
john clarke says:
February 16, 2014 at 1:45 am
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______________________________________
Whether it is ICT or Aberdeen that lift the league cup in a months time, They will have done it before the current Ibrox embodiment!
” We won the league cup while you were still in nappies” is what I would probably sing if a suitable honest and rehabilitated version of the Ibrox outfit were to visit the Tulloch, in the unlikely event that (a) we were to overturn our sheep worrying cousins in msarch and (b) a sufficiently incorrupt embodiment of the govan club emerges that I felt able to share a stadiumn (/shed) with.
…. I dreamed a dream….
ianagain says:
February 15, 2014 at 4:48 pm
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paulonotini says:
February 14, 2014 at 10:46 pm
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Quantcast
Re BDO/RFC 2012 & Others v Collyer Bristow
Further to my post at 10.35pm re the above
the following entries appeared on Chancery Court lists for Monday 17/2/14
COURT 17
Before MR JUSTICE NEWEY
Monday, 17 February 2014
At half past 10
GENERAL LIST
2003 of 2012 Cohen & anr v Collyer Bristow LLP & ors
INTERIM HEARINGS LIST
HC12E01526 RFC 2012 Plc v Collyer Bristow LLP
HC12E01526 Same v Same
http://www.justice.gov.uk/courts/court-lists/list-chancery-judges
Any legals who can explain?
Cheers.
=======================================================
This will be very very interesting: Iâm up in London for a 10:30 on Monday and if time permits ill trot over and see whatâs happening.
————————————————————————————
With the phone hacking trial on hold I might pop along as well. Not been to the Royal Court of justice yet.
Dream your dream Resin, dream it big man!
WRT the BBC story; unsure of the current state of finances at Eberdeen Cooncil but knowing the mess they’ve been in the last few years, I’m equally heartened and bemused by the ÂŁ50,000 offer to help young fans. Surely there’s a case for shifting the final away from Glasgow? It’s not as if the guys will be missing out on the chance to play at Hampden. The only question would be where would be classed as big enough and neutral to host a cup final?
Resin_lab_dog says:
February 15, 2014 at 1:45 pm
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Some genuine good news to offset the doom and gloom of armageddonâŚ
http://www.bbc.co.uk/news/uk-scotland-highlands-islands-26155942
——————————-
Maybe just maybe we will see a good turnout for the final. Great to see the Highland Council looking to
support one of their local clubs,as well as Aberdeen City Council encouraging young fans to attend .
Cup finals can boost the economy of the finalists towns/city, as well as the feel good factor that it brings!
As for this, from the Highland Council,from the article –
It has also written to the Scottish Professional Football League to ask how it planned to encourage people to go to the game.
I wonder if we could all write to the SPFL and the SFA, asking them,how they planned to encourage us all,to go to a game,any game! Because they ain’t doing a very good job of it
just now!!
ICT just for one day.
Resin_lab_dog says:
February 15, 2014 at 1:45
Some genuine good news to offset the doom and gloom of armageddonâŚ
http://www.bbc.co.uk/news/uk-scotland-highlands-islands-26155942
——————————————————-
Irrelevant of who is taking part in the final, I think it is great that the local authorities see the importance of promoting major sporting events of this nature to the kids. If we truly want to save the sport and this is just not about “kicking Rangers while they are down”, we need to see more of this and not just for finals.
We should be looking at how to put in place mechanism to support all teams finding and holding onto the next generation of fans, there are many ways for the local councils to be part of that.
I think this a a very positive story and I can actually see it being an occasion like the ones I attended when I was young, all our friends talking for weeks about the game, can’t sleep the night before, dressing up with homemade hats or face painting and that long walk to the stadium with the other fans.
So many good memories, I hope all supporters, young and old, from both Aberdeen and Inverness, have a great day and create some new memories of their own.
Now that is something we should all support.
Resin_lab_dog says:
February 16, 2014 at 1:00 am
10 3 Rate This
Resin_lab_dog says:
February 15, 2014 at 1:45 pm
7
0
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Some genuine good news to offset the doom and gloom of armageddonâŚ
http://www.bbc.co.uk/news/uk-scotland-highlands-islands-26155942
________________________________________
A wee smiley mebbes?
~~~~~~~~~~~~~~~
I think the good people over at The Rangers Standard should be told about this actual genuinely obviously real case of these local councils going out of their way to spend public money in helping one club.
đ
john clarke says:
Only the janitors house was demolished,.â
I remember playing football in the playground at night,the big iron railings stopping the ball going on to the road,just a kid about eight at the time.Also a great spot for standing and asking for a…… lift err, đ
causaludendi says:
February 16, 2014 at 4:33 am
Dream your dream Resin, dream it big man!
WRT the BBC story; unsure of the current state of finances at Eberdeen Cooncil but knowing the mess theyâve been in the last few years, Iâm equally heartened and bemused by the ÂŁ50,000 offer to help young fans. Surely thereâs a case for shifting the final away from Glasgow? Itâs not as if the guys will be missing out on the chance to play at Hampden. The only question would be where would be classed as big enough and neutral to host a cup final?
================================
The best scenario would be a Home and Away Final.
Great boost to the local economies a damned sight less travel and over two legs it would generate massive interest.
The vast majority of monies earned would be kept in-house,stewarding catering and so on.
They would probably earn much more in the long run.
Re Sevco 5088 and is Green still around.
As posted a while back Green had over 5 million shares.
The circa 700k he owed Laxey were only transfered after the AGM and the lock in date.
STV earlier reported the sales to the Easdales would happen in May.
There is no sign or regulatory news of the Easdales increasing their holding.
Therefore does Charles still have circa 4million shares?
wottpi says: February 16, 2014 at 8:57 am
Therefore does Charles still have circa 4million shares?
===================================
1 October 2013
Rangers International Football Club plc
(“Rangers”, the “Company” or “Club”)
Holding in the Company
Rangers announces that it was notified on 30 September 2013 that following a disposal of ordinary shares of 1 pence each in the Company on 10 September 2013 by Charles Green, he no longer has a notifiable interest in the Company’s issued share capital.
Sevco 5088 is a subsidiary of Rangers International Football Club plc.
http://scotslawthoughts.wordpress.com/2013/04/22/rangers-confirm-sevco-5088-is-subsidiary-of-rangers-plc-how-long-is-without-delay/
Does the Board not have to endorse appointments to a subsidiary?
John Clarke
From Mr Ray Davies
Always makes me think of Dennistoun Palais, which went from a dancehall to Roller Skating to a supermarket to a car park – and now des-res bijou flats đ
My mother used to go to the Palais (“biggest dance-floor in Europe!”). I used to go on a Sat morning to the RS. Endlessly going round in circles to the sound of The Monkees. The more things change ….. đ
redetin says:
February 16, 2014 at 10:07 am
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Sevco 5088 is a subsidiary of Rangers International Football Club plc.
http://scotslawthoughts.wordpress.com/2013/04/22/rangers-confirm-sevco-5088-is-subsidiary-of-rangers-plc-how-long-is-without-delay/
Does the Board not have to endorse appointments to a subsidiary?
=========================
Isn’t the ownership of Sevco5088 the subject of dispute? RIFC claims to own it, but so does Whyte, through Law Financial.
It does show the laughable state of Company law and its administration by Companies House, that two companies can simultaneously claim ownership of a third company, Sevco5088, and nothing whatsoever is done to resolve the matter.
TSFM says:
February 15, 2014 at 10:05 pm
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davythelotion
Youâre conflating the Allan MacDonald and Iain McLeod stories. Ian McLeod was âaccusedâ of being a Rangers fan because he wore a strip. Allowed Chic Young of all people to tie him up in knots with a âname three Lisbon Lionsâ question at his inaugural presser.
%%%%%%%%
I stand corrected. It was indeed Iain McLeod who was pictured wearing a Rangers top. I did phone the record news desk about the article. My outrage was based on the fact that Celtic were due to play Blackburn two days later in a UEFA cup tie which had already been ‘stoked’ by Sourness’ ‘men against boys’ jibes. There appeared to be a significant risk of trouble at the away leg and this article appeared to be an attempt to increase the risk. The news desk person admitted that they had had this photograph in their possession for some time and this was an apposite moment.
Significantly, MacLeod had also written to every season ticket holder asking them to desist from ‘ira’ songs, this had led to him being vilified by a section of the Celtic support (can you imagine his twitter feed?). This article appeared to feed their suspicions. It was at this point that the news editor made the ‘just a bit of fun’ comment.
Apologies to Allan MacDonald, not met the man himself, but was well acquainted with his family, should have known better!
A salutary lesson, I will do my research in future and not rely on my increasingly fading faculties.
Easyjambo.
Fair enough, so where did his shares go?
If he offloaded in October why did Laxey have to wait till after the lock in period in December for the circa 700k worth of shares Charles owed them in the ‘price drop deal’?
After 1 October there is no regulatory news of Sandy Easdale acquiring the remaining circa 4.3 million.
All we have is mentions of the millions of proxys but on 28 November and 10 December regulatory news put Sandy Easdale’s personal holding at just under 3million.
As a Plc board member James Easdale’s holding has remained constant on the records as being only 357143
‘
Maybe I am missing something obvious or I need more time to follow the trail but there is nothing obvious to show where Green’s 4.3 million shares went and it looks like they are not held personally by either of the Easdales which was the tone of all the earlier press reports.
Therefore if they went elsewhere then where and who controls them now?
Happy if anyone can shed light on this.
EDIT
Also why was there no regulatory news recording the disposal of Greens shares in the same way Richard Hughes’ disposal was recorded?
If Easdale did get Green’s shares are we to presume he has split them into smaller holdings and distributed in non notifiable amounts to family and friends.?
test,suspension over,too many yellow cards.
Must use brain before mouth.
Companies House does not administer or regulate company law. It is basically a glorified register of information. It is not there to rule on shareholder disputes.
OT post tae:
@Cluster One & @John Clarke
That wee hoose:
https://www.facebook.com/media/set/?set=a.580758052014864.1073741859.193105217446818&type=1
The Scottish Cup Final in 2010 between Dundee United and Ross County had a fantastic atmosphere. Yes, for sure it was tribal outside the ground as I walked around, but in a friendly good natured way, almost like a carnival with multiple variations on a tangerine and Arab theme for one support and equal imagination shown by the other. The County supporter with the top half of a stag emerging from his waist upwards particularly stuck in the memory! I hope that he and his friends went home with good memories, even if there was the disappointment for them of losing on the day.
Not far off 50,000 there on 15th May 2010 so I see no reason why there shouldn’t be at least an equally good turn out at the 2014 League Cup final from the combination of an Inverness support at what will be their first major cup final, just as 2010 was for County, and from the dandy dons with a great opportunity to end their lack of silverware run (and put an end to one of the Arabs favourite songs when Aberdeen visit Tannadice!)
Taysider says:
February 16, 2014 at 1:41 pm
%%%%%%%
Yet more evidence of climate change!:-)
TSFM says:
February 16, 2014 at 10:29 am
10 2 Rate This
Always makes me think of Dennistoun Palais … I used to go on a Sat morning to the RS. Endlessly going round in circles to the sound of The Monkees. The more things change âŚ..
———
Me too. We may have been on the same ‘snake’ … đ
causaludendi says:
February 16, 2014 at 4:33 am
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2
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Dream your dream Resin, dream it big man!
WRT the BBC story; unsure of the current state of finances at Eberdeen Cooncil but knowing the mess theyâve been in the last few years, Iâm equally heartened and bemused by the ÂŁ50,000 offer to help young fans. Surely thereâs a case for shifting the final away from Glasgow? Itâs not as if the guys will be missing out on the chance to play at Hampden. The only question would be where would be classed as big enough and neutral to host a cup final?
_____________________________________________
Its a very good point about the use of public money… and this is definitely a fitting subject for this forum.
But I think it can be easily justified on 2 grounds:
1. If it is ‘common good’ money that is being used then that is money that cannot be diverted towards meeting the councils statutory obligations (emptying bins and the like) anyway, but must be used for enhancing the ‘standing’ i.e. quality of life /cultural identity etc, of the city and its inhabitants.
http://www.aberdeencity.gov.uk/education_learning/local_history/common_good/loc_general_purposes.asp
2. I am pretty sure that for every ÂŁ1 spent, the cities will see a far greater return in terms of exposure/ column inch equivalents and boosting tourism and inward investement as a result.
It really seems like a win-win for the councils.. And given the manifold other cultural uses to which the money could easily be put, it is great to see involvement and sustainability of the local football clubs being valued so highly by their councils.
They are to be applauded. The league bodies need to do their bit now!
neepheid says:
February 16, 2014 at 10:32 am
redetin says:
February 16, 2014 at 10:07 am
1 0 Rate This
Sevco 5088 is a subsidiary of Rangers International Football Club plc.
Does the Board not have to endorse appointments to a subsidiary?
=========================
Isnât the ownership of Sevco5088 the subject of dispute? RIFC claims to own it, but so does Whyte, through Law Financial.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Nevertheless, if RIFC plc believes that Sevco 5088 is a subsidiary, then it is required to ensure governance of the subsidiary.
Campbellsmoney says:
February 16, 2014 at 1:24 pm
Companies House does not administer or regulate company law. It is basically a glorified register of information. It is not there to rule on shareholder disputes.
============================================================
As I have said before even more useless than a chocolate fireguard. They no longer even acknowledge my emails pointing out the frauds being perpetrated. Tbh they might as well just close it down as nothing in their records can be relied on. Just a total con to give the impression there is some kind of regulation and oversight.
ecobhoy
The madness on state aid is reaching a frenzy on McMurdo’s blog,the latest snippets are that Celtic and the Council have somehow colluded to defraud the Coop bank by borrowing money against land that as yet has not been purchased,and therefore committing a crime.
It gets better with allegations that Celtic have been buying up entire streets in Barrowfield and charging people rent to stay there.This will come as a shock to West of Scotland Housing Association who own the housing stock in the area.
If the bears had done their homework they would have noticed the land Celtic bought in December was surplus land left over from the Clyde Gateway that cut through Barrowfield effectively slicing entire streets in two and a quick look at an old map would show this .
It is becoming embarrassing watching them look for any wrongdoing between Celtic and GCC and this is being done by the more learned of the support,and under the watchful eye of young Bill.
There really is no hope for them.
wottpi says: February 16, 2014 at 10:36 am
Re what happened to greens shares.
——————————————
We know that Laxey picked up 714K on 20th December.
Green’s notifiable interest ended on 10th September (<3%)
On 17th September Sandy Easdale increased his holding by 2.125M. I would guess that this tranche came from Green's holding.
That leaves approx. 2M shares unaccounted for.
My best guess would be River and Mercantile. They increased their holding by 1.7M on 24th January to take their total to 4.795M. I don't know where or when they got their previous 3M shares, but it should have been disclosed before the January transaction as it would amount to more than 4%.
Babies and bath water, eco.
Missing or incomplete information, late filings, disputed directorships… a neutral investor would have a clear indications, thanks to what Companies House DOES do, that there is, at the least, a history poor corporate governance at RFC PLC (in liquidation), RIFC, TRFCL, and Sevco 5088. Would you invest companies with a record like that? Ultimately, it’s the market that enforces discipline and we’ve seen that in the collapsing share price.
To go back to Campbell’s point, in response to neep I assume, Companies House doesn’t need regulatory or investigative powers. If there’s evidence of fraud that’s for other authorities to investigate and prosecute. If there are disputes over corporate governance inside a company then the effected parties can bring suit and let the courts sort it out.
The power to sort out the situation at RIFC exists in the SFA but they’re not interested in exercising it.
WRT to other postersâ comments on Companies HouseâŚ.
I pursued them for some time over previous musical chairs at Sevco 5088 and ended up with this statement as to their remit :
âHowever, the fact that information has been placed on the public record should not be taken to indicate that Companies House has verified or validated it in any way.â
I have today sent them the undernoted message but frankly do not expect a positive response :
âDear Sirs,
SEVCO 5088 Ltd
With reference to previous queries I note further activity over the last 30 days regarding directorships of the company. Certain directors have been presented to Companies House as having their appointments terminated, others have been appointed and then they too have been terminated. The Registered Office also appears to have become mobile.
This mirrors similar activity last year and makes it impossible for anyone viewing the Companies House records to have any clarity in the directorships or confidence in Companies House itself.
Would you kindly look into this matter and advise on the correct position with regard to SEVCO 5088 Ltd directors, please?
Would you also kindly advise what action will be taken with regard to SEVCO 5088 Ltd to ensure that proper records are in future kept by Companies House? The current situation is bringing Companies House into disrepute.
Thank youâ
Scottish Football needs proper company/club regulation.
CanuckBhoy says:
February 16, 2014 at 5:07 pm
I actually agree with some of what you say but the use of ‘neutral’ investor when it comes down to fan investment in a football club is more likely to be an ‘uninformed’ investor who actually might believe whatever happens to be the latest information shown by Companies House is actual fact. It is unlikely many ordinary fans will be savvy investors.
I repeatedly advised CH about the failure of the first AR submitted for SEVCO Scotland/TRFCL to provide the statutorily required information. Eventually an amended return was submitted which still fails to meet the statutory requirement and CH refguse to acknowledge my emails or comment on them.
So how does a ‘neutral’ observer know that the return is incomplete and doesn’t meet the statutory requirements? And how does a ‘neutral’ observer learn of the fact that the same scam was pulled in April 2013 wrt Sevco 5088 and the terminations of CW and AE were overturned by the Registrar and the termination documents were removed from the Public Registrar.
They no longer exist if you now look for them on Companies House so the history you claim that would alert a ‘neutral observer’ isn’t there any longer so no alarm is raised.
As I say more useless than a chocolate fireguard đ
CanuckBhoy says:
February 16, 2014 at 5:07 pm
The power to sort out the situation at RIFC exists in the SFA but theyâre not interested in exercising it.
================================================================
Meant to add that I’m not actually sure what, if any, power or jurisdiction the SFA has in relation to RIFC.
Campbellsmoney says: February 15, 2014 at 9:11 pm
From time to time I see posters asking how a court of law would view TRFCâs claim to be the same âClubâ. The courts donât care â itâs not a legal issue â itâs a football one. Equally no amount of posturing or rhetoric about continuation of history could ever make TRFC liable for Oldcoâs debts.
And finally â the Insolvency Act doesnât need changed to outlaw football creditor rule â the law is fine. Itâs the football authorities who have to change.
The law states ordinary creditors must be treated equally as regards how the insolvent estate is divvied up. That is what happens â even in football cases. The law is fine as it is. And the law has to deal with many more important issues than a few piffling football insolvencies. But maybe I am wrong. What bits exactly need changed and how?
——————————————-
Campbellsmoney,
Thanks for your response to my (and otherâs) earlier posts and apologies for my delay in replying.
I suppose that, like many others on here, Iâve little or no confidence in relying upon the âfootball authoritiesâ to âtreat ordinary creditors equallyâ, or to behave differently from how they currently do without legal sanction.
Following the (frustrating) decision in HMRC v Portsmouth FC why do you think that a change of insolvency law / guidance was not brought forward by the UK Treasury / HMRC / government?
If itâs not possible to amend / augment The Insolvency Acts to disallow football authorities / companyâs current treatment of âfootball debtsâ (i.e. football creditors), please explain to those of us with only a very basic understanding of insolvency practices why this is the case?
ecobhoy says:February 16, 2014 at 6:36 pm
—————————————————–
CanuckBhoy says: February 16, 2014 at 5:07 pm
The power to sort out the situation at RIFC exists in the SFA but theyâre not interested in exercising it.
================================================================
ecobhoy says:February 16, 2014 at 6:36 pm
Meant to add that Iâm not actually sure what, if any, power or jurisdiction the SFA has in relation to RIFC.
——————————————————————————————————————————————-
I agree that it’s rather vague.
Assuming that it’s TRFC Ltd that is the “member club” it’s not clear (to me anyway!) if they or RIFC plc is treated as “the owner and operator of the club” given that they own 100% fthe TRFC Ltd share capital.
I seem to recall that the SPFL agreed not to alter their Articles of Association / Rules for 3 years from their inception.
As no such moritorium appears to apply to the SFA, no doubt member clubs are able to propose appropriate rule changes to clarify this matter if they were inclined / or could be persuaded to do so by their shareholders and/or supporters.
paulonotini says:
February 15, 2014 at 7:00 pm
——————————————-
No the case in the Royal Courts of Justice this week is over the ÂŁ3.5M which is claimed to be owned variously by the Jerome Group Pension Fund, Merchant Turnaround and BDO as liquidators of RFC(IL).
The money was en route to Ibrox when it was frozen in Collyer Bristow’s client account. This was one of CW’s finest manoeuvres, up there on a par with the cash to Aidan Earley and the sale of the Arsenal shares.
Rumours persist that the Loving Cup has gone too, for a handy sum, and what is left is just a fake. That would be too funny for words.
RIFC actually did take on some of the debts of their predecessor and paid them.
From the accounts
“There were also substantial payments of ÂŁ2.4m 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.
Companies House was, throughout my working life, a branch of the Department of Trade and Industry. I spent many fruitless hours “liaising” with the DTI, mainly on fraudulent insolvency cases, on behalf of the Inland Revenue. Private Eye used to call the DTI the “Department of Timidity and Inaction”. That was spot on. It was almost impossible to get any effective action from them regarding breaches of the Companies Acts.
My conclusion back then was that as a matter of top level policy, there was a softly softly, but definitely no catchee monkee approach. I believe that Vince Cable’s Department of Business etc etc has taken over the DTI’s role in respect of policing the Companies Acts. I guess (but am willing to be better informed) that the approach remains exactly the same as before.
If I was in charge of policy, I would order a data matching exercise on the CH database, and have all discrepancies resolved. I would expect to recover the cost of the exercise about ten times over in penalties. But of course that’s precisely why I was never in the frame for setting policy in that sort of area.
Just on a sort of philosophical point for a moment, there is nothing more corrosive of the general respect for the law, than filling books with laws and then failing to enforce them. Strangely, those laws that aren’t consistently enforced always seem to apply to a “wealthy demographic”, shall we say. However Mr Average better obey all the rules that apply to him- or else. Just a coincidence, I’m sure.
slimshady61 @ 6.48pm
I may be be wrong but believe the ÂŁ3m Jerome Pension claim is being covered under the same action as the ÂŁ25m BDO/RFCIL & others v Collyer Bristow.
Seems a very complex situation & maybe tomorrow we’ll get some indication how the case will pan out,& as said earlier the main trial is scheduled for Jan 2015.
As you can see below all parties are listed under the one action.
“Cohen & Stephen (The Liquidators of Rangers FC) & Ors v Collyer Bristow
Late 2013, 5-10 days, Chancery Division
For the claimant Cohen & Stephen (The Liquidators of Rangers FC):
South Squareâs Mark Philips QC leading South Squareâs Stephen Robins previously instructed by Taylor Wessing partner Nick Moser, taken forward by Stephenson Harwood partner Stuart Frith
For claimants the Trustees of the Jerome Group plc Pension Fund:
Outer Temple Chambersâ David E Grant, instructed by trustees David Simpson, who is also a qualified barrister
For the claimants HMRC:
South Squareâs Lucy Frazer
For the claimants Merchant Turnaround:
Maitland Chambersâ James Clifford and Matthew Smith of the same set, instructed by Macrae & Coâs Julian Turnbull
For the respondent Collyer Bristow:
3 Verulam Buildingsâ Cyril Kinsky QC leading Matthew Hardwick of the same set, instructed by Clyde & Co partner Richard Harrison
The financial collapse of Rangers FC put in the public eye the clubâs relationship with its professional advisers, including Collyer Bristow and former partner Gary Withey.
Withey quit the firm in March after he became embroiled in the Glasgow clubâs administration because he had advised businessman Craig Whyte on his takeover of the club in 2011.
Duff & Phelps were appointed as the original administrators of the club and, in March last year, announced it would take action against the firm.
When liquidators Cohen & Stephen took over the wind-down of the club it pledged to carry on the case. The firm has lodged a Part 20 claim against private equity firm Merchant Turnaround.
Collyer Bristow stands accused of âdeliberate deceptionâ over Whyteâs doomed bid for the club.
The court heard at a pre-trial hearing in April that Collyer Bristow is alleged to have been involved in conspiracy, breach of undertaking, negligence and breach of trust, with Withey – who acted as the clubâs company secretary – complicit in the allegations.
It was revealed that when Whyte agreed a majority stake takeover offer in May 2011 he also pledged to pay off the clubâs ÂŁ18m debt to Lloyds Banking Group and invest ÂŁ9.5m of ânew moneyâ in the club. This included ÂŁ5m for players, ÂŁ2.8m to HMRC and ÂŁ1.7m for capital expenditure.
That offer persuaded then director Paul Murray and the board not to launch an alternative ÂŁ25m share issue to generate the money needed to stabilise the club. Instead, the court was told, they agreed to Whyteâs takeover, with Collyer Bristow acting for Whyte.
Administrators were called in February 2012 and various parties – including HMRC, private equity firm Merchant Turnaround and Jerome Pension Fund trustees – lobbied to reclaim their stakes in Rangers.
The firm says it will vigorously defend the claims. Withey had originally applied to intervene in the case, but has now withdrawn his application.
This battle will be closely followed by firms and fans alike as it promises to lay bare the firmâs relationship with Whyte and the club.”
http://www.thelawyer.com/analysis/market-analysis/practice-areas/litigation-analysis/cohen-and-stephen-liquidators-of-rangers-fc-and-ors-v-collyer-bristow/1016288.article
Saw a link on twitter earlier, which I’ve unfortunately lost. It was a Daily Record article from 2012 by Mark Hately, as told to Keith Jackson. The article stated ‘Rangers fans thought Charles Green was another Craig Whyte, but in truth he is another Fergus McCann.’
I am convinced Charles Green will one day tell us he couldn’t believe how easy it was to fool them!
neepheid says: February 16, 2014 at 7:14 pm
Companies House was, throughout my working life, a branch of the Department of Trade and Industry. I spent many fruitless hours âliaisingâ with the DTI, mainly on fraudulent insolvency cases, on behalf of the Inland Revenue. Private Eye used to call the DTI the âDepartment of Timidity and Inactionâ. That was spot on. It was almost impossible to get any effective action from them regarding breaches of the Companies Acts.
——————————————————————————
A friend of mine currently works for The Insolvency Service investigating potential breaches of The Insolvency Acts by company directors. He undertook an intensive 4 year training course to obtain his professional qualifications.
From what I recall of what he’s told me in the past the BIS (Business Inovation & Skills) department is just as reticent as its predecessor from tackling fraudulent insolvency events.
As I’ve not met up with him for a while, I’ll contact him to find out the success rate of their recent / current investigations and let you know if there has been any change for the better.
However, given government spending cuts to Civil Service departments (a false economy), I think it’s likely that they’ll have a much reduced workforce with which to tackle subsequent escalating criminality.
http://www.dailyrecord.co.uk/sport/football/football-news/charles-green-can-be-to-rangers-what-1400118
Mark Hateley
By Mark Hateley
Charles Green can be to Rangers what Fergus McCann was to Celtic
THE Ibrox chief will stay at the club for the long-term and his approach is similar to that of The Bunnet.
26 Oct 2012 00:01
WHEN Charles Green first walked through the front doors of Ibrox the biggest fear among Rangers fans was that they were getting landed with another Craig Whyte.
Five months on, itâs beginning to look as if what theyâve actually got is their very own Fergus McCann.
OK, I canât claim to know the man currently at the helm of my club and steering it through the most troubled waters in its 140-year history.
The truth is Iâve met him just once. For about five seconds.
But I will say this â Iâm really beginning to warm to him. And I donât think Iâm the only one.
His latest comments in todayâs Daily Record have struck a chord and not just because heâs talking about staying in place until the Champions League theme tune is blasting out around Ibrox once again.
No, it seems Green has caught the bug. We call it Rangersitis.
And the way he is talking reminds me very much of the approach The Bunnet brought to Celtic all those years ago when he turned that club around.
Wee Fergus put his cards on the table and told Celtic fans he would be working to a five-year plan. He promised them â as a fan himself â he would restructure their club from top to bottom within that timescale and then leave. And he was as good as his word.
Now Green appears to be singing from a similar hymn sheet and I donât think itâs any coincidence that, having spent so much time at the club over the last few months, it seems Rangers have got under his skin.
Believe me, as an Englishman who came up here in 1990 I know how that can happen. Rangers are not just another football club. Rangers are a way of life.
Twenty two years later Iâm still here and I canât imagine living or working anywhere else. The club means that much to me.
There is a magnetism about the Old Firm that people just donât understand until they find themselves wrapped up in the middle of it all.
And I think itâs hit Green right between the eyes.
Heâs been at Sheffield United in the past and they are a big club in their own right. But they pale into insignificance when compared with the scale and pull of Rangers.
And I think thatâs probably caught Charles by surprise. He thought he knew what he was getting involved in but in reality he didnât have a clue.
As a businessman â and a smart one at that â he will be seeing opportunities open up that he didnât even know existed when he first gained control.
There is money to be made and thatâs another big reason why heâll be in no rush to move on. Letâs be honest, thereâs no way he could have imagined selling 38,000 season tickets for a club in the Third Division.
Even I have been stunned and delighted by the sheer ferocity of the support behind the club, so a guy like Green must be pinching himself. Half the teams in Englandâs Premier League donât shift that amount of tickets.
But if thereâs money in it for the businessmen that can only be good for the football side of things. And if the aim is to deliver Rangers back into the Champions League then, ultimately, everyone will be a winner.
I may not have had a proper chat with the man but people I know and trust â who have the clubâs interests at heart â have spoken with him and are impressed with what they heard. They tell me he is a credible guy with credible plans.
That means he has come a long way from those early days when no Rangers fan wanted to touch him with a bargepole. The fear was that he was a snake oil salesman looking to cash in on a club that had already been dragged through its darkest days by Whyte.
It has taken Green time to win people over and understandably so.
But he is working hard to gain their trust and heâs defending their club, which hasnât always happened in the past.
Heâs standing up for the fans and Rangers and fighting for their best interests. In short, heâs putting his heart and soul into their club and thatâs all any Rangers supporter ever asks of those who represent them.
Iâm not saying Green has won all the hearts and minds at Ibrox. He hasnât. But heâs proving himself to them and although he probably still has a lot more to prove, he is saying and doing all the right things.
And now, by saying that itâs no longer just about turning a fast buck, by buying into the dream of returning the club to the top of the game before he leaves, he is showing he shares all the ambitions of the supporters. He is displaying the kind of passion that is a requirement of the badge.
And he is also acting with the transparency the Rangers fans deserve after everything they have been put through over the last couple of years.
Heâs the opposite of Whyte â and a throwback to Wee Fergus.
And if he delivers what he says he will â whether it takes him four years or 10 â then his place in the history of Rangers will be secured.
As told to Keith Jackson
The best lines have to be
“Iâm really beginning to warm to him. And I donât think Iâm the only one”.
Spot on!
My favourite line is
“As a businessman â and a smart one at that â he will be seeing opportunities open up that he didnât even know existed when he first gained control.”
How much was / is Mark Hately paid for disseminating pro Ibrox boardroom propoganda and how many bears fell for his PR masters’ lies.
Rangersitis sure is a strange disease. â
Maybe Keith Jackson will one day enlighten us.
On searching The BIS website I discovered that The Insolvency Service is one of its “partner organisations”, whatever that means exactly?
Recent successful investigations include Peter Risdale being disqualified from serving as a director for 7 years.
http://webarchive.nationalarchives.gov.uk/20121021100513/http://insolvency.presscentre.com/Press-Releases/Former-football-club-chairman-Peter-Ridsdale-banned-as-a-director-for-over-seven-years-68112.aspx
Outcomes of recent investigations in Scotland are detailed in the following link:-
http://webarchive.nationalarchives.gov.uk/20121021100513/http://insolvency.presscentre.com/content/default.aspx?NewsAreaId=2&SubjectId=11
Isn’t this internet thing just amazing?
Partizani Tirana says:
February 16, 2014 at 8:10 pm
——————————-
Even in comparing Green to McCann, they still cannot help themselves by referring to Fergus as “The Bunnet” on more than one occasion.
THE Ibrox chief will stay at the club for the long-term and his approach is similar to that of “The Bunnet”
And the way he is talking reminds me very much of the approach “The Bunnet” brought to Celtic all those years ago when he turned that club around.
Now donât get me wrong, I like a bit of humour and would also use terms like that to describe others, but only when talking about that individual person, not when you are doing a comparison against another. It is deliberate, calculated and serves to implant a subliminal message into the heads of The Rangers fans that Celticâs man was a âBunnetâ but Rangerâs man was a âSaviourâ.
If I was continually fed these lines, I would at some point, not trust a word that comes out of these guys mouths (of course I donât believe for a second that Hateley wrote or said more than 5% of what was said in that piece).
Do all clubs (companies) have to produce audited accounts and not be behind with any payments in order to receive a playing licence by 31 march?? đ I know one was issued to a now deceased club with an outstanding tax bill a few years back but could that happen again? Surely not!!!!
How many days has mr Wallace left to save sevco đ
Danish Pastry says:
February 16, 2014 at 1:29 pm
@Cluster One & @John Clarke
That wee hoose:
thanks for the pictures
Charlotte2Weeks â@Charlotte2Weeks 4m
Gazette notice ready. An Ibrox Insolvency event will take place before March. Voluntary Liquidation and asset sale 100%.
Seems to be a lot of chatter tonight that papers running with “cant pay wages at end of month”!
Stand down…….
The Daily Record â@Daily_Record 6m
Today’s front page http://twitpic.com/dvse9i
The Daily Record â@Daily_Record 7m
Today’s back page http://twitpic.com/dvse8z
paulsatim says:
February 16, 2014 at 11:36 pm
Charlotte2Weeks â@Charlotte2Weeks 4m
Gazette notice ready. An Ibrox Insolvency event will take place before March. Voluntary Liquidation and asset sale 100%.
===========================================================
I have never accepted anything that appears on that account since the first post I saw (undernoted) was pure made-up nonsense.
UNDERNOTE
Charlotte2Weeks â@Charlotte2Weeks Jan 22
For the avoidance of doubt, Sevco 5088 Limited bought the assets of the Rangers Football Club and then transferred them to Sevco Scotland.
All this guff in the MSM about Wallace being a decent man of integrity with a reputation to uphold conveniently ignores the calibre of people he is working for
Make no mistake
Angels dont work for Devils
Only a Spiv would work for Spivs
Mutual trust is not part of any deal. …..These are Spivs we are talking about
So I reckon
Wallace is not on a salary
He is probably on a fixed price contract
Probably upfront money lodged in an escrow account which can`t be touched
He will be getting paid by results
Which will include
Taking TRFC into Administration getting a target price for the assets or renting the assets as part of a deal that hands over TRFC for nothing
This 120 day nonsense is simply timewasting for the Gullible
It only serves one purpose
That is to enable TRFC to accumulate more points than any other club net of an Admin reduction
The MSM will continue to support asset stripping
Therir first aim will to demand promotion is awarded for the good of Scottish football
They will also support some Rangeritis Spiv riding to the rescue with ÂŁ1 to buy the club rent the Stadium and raise ÂŁ30m for players
All paid for by the Gullible
Watch this space
neepheid says:
February 16, 2014 at 10:32 am
redetin says:
February 16, 2014 at 10:07 am
1 0 Rate This
Sevco 5088 is a subsidiary of Rangers International Football Club plc.
http://scotslawthoughts.wordpress.com/2013/04/22/rangers-confirm-sevco-5088-is-subsidiary-of-rangers-plc-how-long-is-without-delay/
Does the Board not have to endorse appointments to a subsidiary?
=========================
Isnât the ownership of Sevco5088 the subject of dispute? RIFC claims to own it, but so does Whyte, through Law Financial.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Green/Rangers needs to own Sevco 5088 as it is the legal beneficiary of the 5 way agreement and the rights of Sevco 5088 were supposedly transferred to Sevco Scotland at the last minute as that was the company set up by Green and others to acquire the assets and history of DeadCoRangers for thirty bob.
The transfer of the rights of Sevco5088 to Sevco Scotland were dealt with by means of a Deed of Novation that cannot be found – somebody must have a copy otherwise why would Duff & Duffer transfer the assets to Sevco Scotland? The absence of a Deed of Novation and uncertain ownership of Sevco 5088 should be a concern to the SFA and SPL/SPFL .
upthehoops says:
February 16, 2014 at 7:39 pm
Saw a link on twitter earlier, which Iâve unfortunately lost. It was a Daily Record article from 2012 by Mark Hately, as told to Keith Jackson. The article stated âRangers fans thought Charles Green was another Craig Whyte, but in truth he is another Fergus McCann.â
I am convinced Charles Green will one day tell us he couldnât believe how easy it was to fool them!
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
It will look good on Charlies CV and will let him and his gang into other AIM related heists.
ecobhoy says:
February 17, 2014 at 12:27 am
paulsatim says:
February 16, 2014 at 11:36 pm
Charlotte2Weeks â@Charlotte2Weeks 4m
Gazette notice ready. An Ibrox Insolvency event will take place before March. Voluntary Liquidation and asset sale 100%.
===========================================================
I have never accepted anything that appears on that account since the first post I saw (undernoted) was pure made-up nonsense.
UNDERNOTE
Charlotte2Weeks â@Charlotte2Weeks Jan 22
For the avoidance of doubt, Sevco 5088 Limited bought the assets of the Rangers Football Club and then transferred them to Sevco Scotland.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
I don’t think that is what happened. see my post above. Sevco 5088 were the legal beneficiaries of the 5 way agreement but Sevco Scotland ended up with all those benefits.
Legally a Big problem for Duff & Phelps and the SFA/SPL and its succesor
GoosyGoosy says:
February 17, 2014 at 12:52 am
All this guff in the MSM about Wallace being a decent man of integrity with a reputation to uphold conveniently ignores the calibre of people he is working for
Make no mistake
Angels dont work for Devils
Only a Spiv would work for Spivs
Mutual trust is not part of any deal. âŚ..These are Spivs we are talking about
==========================================
From Craig Whyte to Charles Green to whoever, they must all wonder one thing. Why on earth does a media who are so obviously desperate to see the club from Ibrox reign supreme, continue to provide the perfect smokescreen for the club(s) to be systematically dismantled? Why do people who care so much sit in silence and watch it happen? Totally beats me, but the succession of men who have become rich, or richer, must feel like they were left in a bank with the safe unlocked and all security systems dis-enabled. That’s how easy the media have made it for them to make money out of this shambles.
Quite a bit of twitter chatter about a Keith Jackson piece that seems to echo what Phil Mac posted recently. Anyone seen the article?
v
Danish Pastry says:
February 17, 2014 at 7:48 am
Quite a bit of twitter chatter about a Keith Jackson piece that seems to echo what Phil Mac posted recently. Anyone seen the article?
====================
Danish,It might be under Births and Deaths.
Tic 6709 says:
February 17, 2014 at 8:03 am
9 1 Rate This
v
Danish Pastry says:
February 17, 2014 at 7:48 am
Quite a bit of twitter chatter about a Keith Jackson piece that seems to echo what Phil Mac posted recently. Anyone seen the article?
====================
Danish,It might be under Births and Deaths.
———–
Didn’t check that! But how many times can a club die?
Ok, it’s online.
http://www.dailyrecord.co.uk/sport/football/football-news/keith-jackson-wages-spin—3154055
Goosy
Change rangersitis spiv to king cardigan and gullible to loyal and you could be the Scotsman article next Tuesday. Add in that you’ve said this all along, exclusively revealed even and you could be Keevins himself!
In summary – debt free club back in div 1 all per plan just with less stadiums than when they started. If you asked me to guess further I would say the gullible’s 30m is to replace kings 20 odd which he’ll need to divert to other green and whyte matters, with the other 10 left to, well, be lost basically.
In fact, even as recently as Friday, on the single most ignominious anniversary in the 142-year narrative of Rangers Football Club, King was attempting to engage with the board but his efforts to provide a solution to the problems were rebuffed.
>>>>>>I would put it to you Mr Jangle that the most ignominious anniversary for the 140 !!!! Year anniversary of this club was the last day of those 140 years