Imagine you are one of those people who have a nice big mahogany desk, with a gloss finish set in a big corner suite office which comes complete with a picture window, a break out area, a couch to lie down on in moments of stress, a quietly playing stereo sound system, fridge, plush carpet and loads of wee executive toy like things of your choosing.
Imagine, just for a moment, that outside your office you have the executive German car that is almost compulsory when you work in such an office. Added to that, you also have the benefit of a large six figure salary, a pension scheme, substantial holidays, a bonus scheme which nicely enhances your already excellent salary, fantastic perks and trips abroad as part of your job, and that you fill a position which leads to invitations to the most fantastic events, do’s, and sporting occasions imaginable.
Imagine the respect you must command from your peers, your family and friends.
Imagine the awe that you must be held in at dinner parties and social events when you are introduced to strangers for the first time– strangers who will have heard your name, and know of your position in society.
Imagine the personal and professional respect you must command from others in your field — or any other field for that matter — when you go to conferences and meetings in foreign cities and with foreign counterparts.
Imagine the envy that many others sometimes feel for someone who has succeeded in business and society to this extent.
Then imagine that the big office described above is at Hampden?
What a bummer!!
Now, I mention all of this because if you were one of the big cheeses at at Hampden, I wonder just what you do with yourself when the large rosewood door of your office closes behind you when you get in there each morning?
Maybe you make a coffee? Read the papers? Check the mail? Go to a meeting about the latest in 3G or is it 4G pitches being installed in a ground or two in the Shetlands?
However, no matter what you do and who you speak to THAT file is always there— always at the corner of your desk, neatly up there at the top left hand corner just beyond the desk top golf set and above the Newton’s cradle with the balls that spell your name or whatever.
That file– the one that relates to the finances, compliance, directors details and ownership of Rangers Football Club.
At least that is what the top of the file says. Though to be fair it is a continuation file… continuing from the one that was opened two months ago and is fit to burst already with reports, memo’s and letters- which in turn was a continuation of the one before that and the one before that and the one before that and on and on.
Maybe that is not the correct name for the club?
Maybe that is something that can be clarified at the next meeting with the Directors and CEO of the club— whoever they might be at that time?
No matter where you go in the room, you can see that file from every position. There is just no getting away from it.
Who owns The Rangers?
There are all sorts of reports, share prospectuses, memos, deeds, documents, contracts, letters, e-mails all asking the same thing. And there you are— none the wiser.
Please clarify this, please clarify that, are there any signed but unrecorded documents, or contracts?
Are the Companies House records accurate? is the Land register accurate?
At the end of the day you just lie on the couch, place a cold cloth over your head and hope it will all go away.
Then the accounts come out. Oh the figures are shocking and they confirm that most of the people you negotiated with to get their team playing football somewhere after the collapse and liquidation of RFC PLC have exited stage left with huge severance cheques.
They now live in France, or Singapore or the Cayman Islands and you can bet they will never darken a door in Mount Florida on a wet February morning ever again.
But that is not the worst of it — the bleeding internet is full of leaks— documents, letters, e-mails, contracts, company forms and all sorts.
You wouldn’t mind if the documents leaked were ones that you had seen before, but in the main they are things that you have never seen and never had disclosed.Every day someone calls and asks ” Have you seen the latest?” and of course you haven’t so you stand there feeling like a complete chookie!!!
Every day you call the compliance and monitoring guys:
” Eh have you seen this? Have you been notified that he is a director?”
” No boss – never seen that? Never knew it existed?”
” So who owns the company if that is correct?”
” Eh Dunno boss — not sure of anything over there any more!”
“Ok have you checked the titles with the lawyers?”
” yes but the title as registered looks ok, but there is no guarantee that it hasn’t been sold to someone else and they have not registered their title for the moment!”
” Have you spoken to the lawyers? Have you asked for clarification?”
” yes Boss — the Lawyers don’t really answer our questions– well at least not fully!”
” What about these accounts – there are 57 pages there – what do they tell us?”
” Well they tell us that the figures are not good, boss, but not immediately critical.”
” Are they paying their taxes?”
” Appear to be boss– but we can’t be sure.can we? We were told they were paying their taxes before and … well you know the rest.”
” Ok, but Pinsent masons rule out the Whyte guy being involved?”
” Ah well not really – they don’t go into the company he says he owns – they sort of ignore that part!”
” But they carried out an independent investigation, surely?”
” True boss, but the independent investigation was only into what the non independent guys wanted investigating Boss, and they appear to have finished their report without speaking to all the witnesses.”
” Ok but the accounts – what do the accounts say about Whyte being the real owner — I mean they are from Deloittes for God sake – they must make the position clear?”
” Well we have had a look at them boss and in that regard the accounts are King Kenny!”
” King Kenny?”
” Aye King Kenny Boss – with regard to Whyte’s claim they say ” maybes aye– maybes naw” and they leave it at that”
” Jesus, well have you written to the Directors?”
” Aye – half the letters have come back marked “Gone away”.Boss”
” Do you know who the shareholders are?”
” Naw Boss”
“Do they have a bank account and a bank reference ?”
” Naw Boss”
” Who’s coming to the next meeting from their side?”
” Dunno Boss”
” Is there anything you can tell me that lets me close this file and get it off my desk for good?”
” Naw boss”
” Well who did we grant membership to last year?”
” The first time or the second time Boss?”
” What do you mean – first time or second time?”
” We started out granting membership to one company and then changed it to another”
” Two companies – owned by the same people?”
” Dunno Boss– but they sounded the same.”
” And which one got a licence?”
” Dunno boss”
” What?”
“Was the licence not granted by Mr Longmuir boss? And then ratified by us as a formality?”
” Why are you asking me, you are the compliance guys?”
” Aye but we were told it would all be ok by … well by someone ….. and by Mr Longmuir”
” When did he tell you that?”
” Told us one day at Ibrox Boss – I think it was at half time?”
” Half Time?”
” Aye – though it might have been full time boss ….. free bevvy and sandwiches so can’t quite remember”.
” Well who has the paperwork?”
” Lost boss”
” Lost?”
” Yes Boss – it was meant to come up from the SFL but never appeared. Turns out that the SFL was run as an unincorporated body and none of its records etc, are intact or have ever been audited …… Boss. Mr Ballantyne might have them in his garage Boss! ……… Boss? ….. are you still there? Boss?”
The man in the corner suite leaves the phone dangling, goes to his fridge for a cold drink and switches on the executive plasma hanging on the wall by way of the remote control on his desk.
The screen beams into life and an advert for the brand of soft drink that he is holding fills the wall. The very same brand of soft drink that has just been announced as the official soft drink to partner Scottish Football.
The executive, looks at his drinks can, looks at the file on the corner of the desk, looks at the abandoned phone and finally looks at the screen just as the speakers spell out clearly ………….. the benefits of coming from a long line of Fannies.
This is Scottish Football Administration in the 21st Century.
I’m beginning to realise why Mr McCoist is on such a ludicrous off-the-radar salary – for remaining the constant that keeps the bears tame. Mr McCoist cannot be stupid enough to think that all is well at Ibrox. I believe he’s being very well remunerated specifically so that he does stay in position.
McCoist may or may not be aware of it – but he is the one, single person who is not expendable.
See – if any given director, or indeed Mr Stockbridge, goes, the bears won’t generally worry that much. Another suit will appear shortly (probably).
Everyone else has come and gone, from John Greig to Walter. Eyelids were barely batted. But if Ally goes, the game will really be up. Perhaps he’s crafty enough to have renegotiated his “salary decrease” in order to at least pocket some of the cash earmarked for someone else’s hipper.
I imagine he’ll go down with the ship, thus guaranteeing immortality among a section of society (to say nothing of maximising his take).
McCoist wins.
Greenock Jack says: (60)
October 17, 2013 at 2:11 pm
6 12 Rate This
————–
I’m not sure it’s possible to foresee what Celtic fans will or won’t do. From what’ve learned about Celtic fans over the past couple of years they don’t seem to define themselves by the 4 x yearly matches against the Blue Rivals. And who’s to say a return to a bigger, less repetitive league and the re-emergence of DU, Dons, Hearts, Hibs as major players won’t bring a better and more competitive league?
By the way, for those of you who fling the wireless oot the windae when Clyde SSB comes on, Keevins used the word ‘liquidation’ and ‘club’ in the same sentence yesterday. ‘When the club went into liquidation,’ he said in an unguarded moment.
Angus1983 says: (1172)
October 17, 2013 at 4:12 pm
5 0 Rate This
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Not sure about Ally being indispensable. I reckon his astronomical salary, shares, and so on, have tainted him — not to mention his almost uniquely miserable record as manager.
It’s not beyond the realms of possibility, that a Chris Boyd, Davie Weir or even Barry F (he talks himself up for the position) being installed on a reasonable wage with the mandate to nurture success rather than buy it. There is probably a large group of fans who now recognize that the only future is down that path.
DP
I’m not sure it’s possible to foresee what Celtic fans will or won’t do.
————————————————————-
Look back then and see what happened last season, the first that Celtic knew they had won the league before a ball was kicked and how it effected pricing of this season’s Season Books.
Take into consideration the sponsership situation with the League.
Will another club come forth and win the title ?
I almost think that it would need an exceptional manager to come through and get more out of a group of players rather than having a decent manager put together and keep a group with the required ability.
Remember Sir Alex Ferguson and Jim McLean, the only managers outside of the OF to have won the League in the last 49 years.
Our radio sports programmes are losing credibility by the day. In the recent past a very popular Glasgow phone in radio show which was a rival to SSB was taken off the air, and is not missed as it’s content and material was very similar to SSB (very low standard and no proper balanced analysis from pundits with their own agendas) .
Then we had the BBC Sportsound Mr Traynor being removed from his phone in show IMO due to his approach to callers and unbalanced views among other things.
I would prefer if they were reduced in their time from the air waves. They can be on say on a day of the games, or live games on air and provide give us with the scores and the odd interview with managers and players post match, but please no callers and no propaganda as I cannot stomach it any more. We want a balanced commentary it is not much to ask for.
Keevins, Young, Derek Johnstone etc….need I say any more.
Communications are changing daily, sad to say some of the above cannot change and need to be removed, their remit is to provide a service to all.
Well – there’s a surprise!
http://news.stv.tv/west-central/244205-rangers-armed-forces-offensive-chants-police-inquiry-concludes/
A police investigation into alleged offensive chanting by members of the Armed Forces at a Rangers match has not led to any prosecutions.
The club hosted an Armed Forces Day event at their home match with Stenhousemuir at the end of last month.
The allegations arose after videos by fans posted on viral video sharing site YouTube appeared to show soldiers in uniform interacting with fans while singing about proscribed loyalist organisations.
Footage of the incident also appeared to show chants against IRA paramilitary Bobby Sands who died in a hunger strike in HM Prison Maze in County Down, Northern Ireland in 1981.
Police Scotland and the Army confirmed they had launched investigations into the match that took place on September 28.
A police spokeswoman said: “Following a full inquiry by Police Scotland, a report on the circumstances was submitted to the procurator fiscal and the military. At this time the inquiry is completed. However, if new information does come to light, it will of course be acted upon.”
The Crown Office confirmed it had received a report on the circumstances surrounding the incident, but this did not relate to possible prosecutions so it had not opened any proceedings as a result of it.
A spokesman said: “We have not as yet received a prosecution report in respect of any specific individuals, and as such there are currently no ongoing proceedings in relation to this incident.”
The Ministry of Defence (MoD) said disciplinary action could be taken by individual commanding officers against personnel in response to the incident, but it was unable to confirm if that had happened in relation to the incident.
An MoD spokeswoman said around 400 members of the Royal Navy, Royal Marines, Army and Royal Air Force across Scotland took part in the day at Ibrox, which is similar to events held by other football clubs and sporting groups.
She added: “As far as we are concerned, Rangers want to carry on with them (the Armed Forces Days) and we want to carry on being a part of them.”
Exiled Celt says: (721)
October 17, 2013 at 4:48 pm
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So the establishment rallies round the Sevco Teflon club once more. How many whitewashes is that now?
Losing count now.
scottc on October 17, 2013 at 3:34 pm
10 1 Rate This
Exiled Celt says: (720) October 17, 2013 at 2:19 pm
… Could the plan be to get a huge lead in the SFL1, have the STs money in and then have the “financial” scare of only a million left by April – and have the “good” guys come in and sell a lot of the players in Jan to keep them going to the end of the season as a necessity of continuation etc. Bears would be ok with this – the lead may narrow but they will still gain promotion.
Next season – new “good” guys in charge – get load of SPFL free transfers – STs sold due to new “good” guys and new players –however, costs still high – so large lead then sell players in January window – and repeat again.
They could get to SPFL without another IPO or admin doing this maybe? Just conjecture on my part………
I suggested some time ago that this could be a reason for the signing of all these ‘top’ players. It would actually be a reasonable way to go about the job. As time has gone on I have seen nothing to disabuse me of the notion that there will be a fire sale in January. Only thing is, I think now, that the reason for it will be financial requirement rather than plan. I believe they will have a large VAT bill due either this month or next and with what has been happening in recent days, I am convinced that, in order to pay it, RIFC are going to have to call on the £2.5m unsecured facility (which they might suddenly find has had a requirement for security added). It’s End of Days
——————
Only 1 small problem with the sell the top stars theory 🙁
Who are these top stars,who would pay top dollar for a SPFL division 1 player and most importantly who would pay the over the top wages and give them a rise every year ?
Greenock Jack says: (61)
October 17, 2013 at 4:42 pm
1 0 Rate This
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If social media is anything to go by a sizable number turned their back, not so much on Celtic, but on Scottish football due to the corruption at the top. And as we’ve read here not a few have been disappointed by a perceived lack of action or outspokenness by their club, which some chose to translate into tacit acceptance of the SFA & league bodies’ actions. My personal opinion is that more are pleased to see the definitive end of the Old Firm than are pining for its return. But that’s just my, probably vacuous, opinion 🙂
Palacio67 says: (217)
October 17, 2013 at 4:56 pm
1 0 Rate This
Exiled Celt says: (721)
October 17, 2013 at 4:48 pm
—————————————–
So the establishment rallies round the Sevco Teflon club once more. How many whitewashes is that now?
Losing count now
——————————————————————————————–
FFS. Only in Scotland. Roll on independence
Danish P – correct – unlike the ghost Celtic followers Keevins and his ilk constantly refer to, there is no appetite for a resumption of 2 cheeks of the same erse – because mainly as we have seen today, there is no such thing anyway. Last week 9 Celtic fans were arrested at dawn for singing a song glorifying the memory of Bobby Sands (Roll of Honour) – today we have had no arrests for songs that (charitably) denigrate the man and celebrated his painful death and a clean bill of health for 400 troops that states next year we would love to come back! Incredible!
Previously I wanted a new start with Rangers – now I want them obliterated. With them still around there is no integrity anymore – financial, political nor sporting. Time to stop the madness and eradicate this cancer of sectarianism – sorry!
And as for roll on independence – Salmond has called them the fabric of Scottish society and has put this one side Offensive Behaviour act in – not sure he is going to win a lot of Yes votes this way
DP
If social media is anything to go by a sizable number turned their back, not so much on Celtic, but on Scottish football due to the corruption at the top. And as we’ve read here not a few have been disappointed by a perceived lack of action or outspokenness by their club, which some chose to translate into tacit acceptance of the SFA & league bodies’ actions. My personal opinion is that more are pleased to see the definitive end of the Old Firm than are pining for its return. But that’s just my, probably vacuous, opinion.
————————————-
I think there would have been a mixture of reasons but last season I detected a general apathy/ complacency in many of the SPL games at Parkhead, both on the field and in the stands.
I think it worried the board sufficiently so as to reduce the season book price for 2013/14 by 100 pounds.
When it comes to personal opinions, anything goes and they don’t have to take stock of the financial situation or bigger picture if they don’t want to.
Would Parkhead be sold out for a domestic cup-tie against Rangers when it wouldn’t get anywhere near it for any other home draw ?
EC
Even after all that has gone on in this country ,I must say I find that report astounding .
Lets hope the next armed forces jamboree results in at least some form of dignified behaviour from all concerned .
The scenes from the last two have been nothing short of a DISGRACE .
Danish Pastry says
==========================
Davie weir hasn’t exactly covered himself in glory on the managerial front.
The other two have absolutely nothing to indicate they could do the job.
I would suggest that an experienced manager who has proven themselves, particularly in what was the SFL, would be the way to go. They would not cost a fortune in salary and would already have the experience required.
Scottc
I see were you are coming from regards Sevco buying top players (for 3rd tier) to build up a points lead but I can’t see them selling them for any great profit .
Also it does not solve the problem of them having £19m pound losses .
My thoughts on it are ,they overspend on better players building a large points lead knowing admin is inevitable with this strategy ,they then go into admin and take the points deduction but still win the title and agree a pennies in the pound cva to negate the millions overspent (repeat to the SPFL)
Was this the reason it was hinted that the SPFL were considering relegation for admin instead of points deduction ?
briggsbhoy says: (729)
October 17, 2013 at 3:37 pm
17 0 Rate This
From the gossip column on the BBC website
Craig Mather is reported to have left Rangers with a year’s salary as Christian Purslow is tipped to be his replacement…
Purslow, there’s an apt name for someone entering Ibrox. I take it his Purse will be Full when he leaves with his new tie in a couple of months, should he be appointed
~~~~~~~~~~~~~~~~~~~~~
Is Christian Purslow about to be introduced to Charitably Purloined?
Exiled Celt says: (721)
October 17, 2013 at 4:48 pm
…
An MoD spokeswoman…She added:
“As far as we are concerned, Rangers want to carry on with them (the Armed Forces Days) and we want to carry on being a part of them.”
STV Article is unattributed.
http://news.stv.tv/west-central/244205-rangers-armed-forces-offensive-chants-police-inquiry-concludes/
============================
Compared to the DR:
“An MoD spokeswoman last night said they had been assisting the police with their investigation.”
Article attributed to a ‘Sally Hind’.
http://www.dailyrecord.co.uk/sport/football/football-news/police-file-report-alleged-sectarian-2457831
=============================
Struggling to find other sources to compare against the STV report.
The STV ‘additional quote’ puts quite a different spin on the report – e.g. the MOD is wondering what all the fuss is about – and will continue to send personnel to Ibrox anyway.
A cynic might suggest that the unknown STV journalist just dreamt up the additional quote.
I see we are back to the rallying call of “Scottish football is dead without a strong Rangers”.
Utter nonsense.
The game may shrink, but it will shrink to it’s proper size. The Rangers which was dominating Scottish football and competing with Celtic was a fabrication, a fantasy, it didn’t really exist. It was a business spending money it wasn’t earning and that artificially inflated it’s perceived size.
If international cycling is a smaller sport because of the downfall of Lance Armstrong, then so be it. He actually wasn’t as good as everyone thought anyway, that was false, he was cheating. The same is true for Rangers and Scottish football.
There will be a Rangers, it might be a third version but I think there will be one even if this one goes the same way as the last. They may be an SPFL Premiership team, sooner or later. However what size they are really cannot be governed by what people want that to be and whether or not they think Rangers should be competing with Celtic to make it a better or more competitive league.
That is no more true of Rangers than of any other team. To suggest it is nothing short of extreme arrogance.
Anybody who has read any of my posts on the matter know what I think of Sevco.
I am in regular contact with friends who are ST holders,and a few of the old band of brothers who went to ALL of Celtic’s games,we are scattered far and wide now,but not one of us want a return of the so called Old Firm.
We have all been through riots,police intimidation and discrimination and don’t think the new generation, that will soon be the backbone of the club,deserve to be faced with everything we went through in our lives.
We have to use our experiences to make sure they can go to a match where sectarian bigotry is not an accepted part of their day out.
StevieBC – surely STV would not be a part of the PR machine 😮
Will await the rebuttal from MOD and Strathclyde’s finest if that is the case – but I may need to borrow Brenda’s calendar/stopwatch meantime 🙂
briggsbhoy says: (729)
October 17, 2013 at 3:37 pm
20 0 Rate This
From the gossip column on the BBC website
Craig Mather is reported to have left Rangers with a year’s salary as Christian Purslow is tipped to be his replacement…
Purslow, there’s an apt name for someone entering Ibrox. I take it his Purse will be Full when he leaves with his new tie in a couple of months, should he be appointed.
~~~~~~~~~~~~~~~~~~~~~~~~
Perhaps they should have gone for Christian’s co-founder of MidOcean Partners.
His name is, and I kid you not, Ted Virtue.
http://en.m.wikipedia.org/wiki/MidOcean_Partners
fergusslayedtheblues says:
==============================
Who do you imagine they awould be negotiating a pennies in the pound CVA with.
The PLC currently has very little debt. Any it has, possibly to Close, would probably be secured against assets.
The Club (Ltd Co) if it is in debt is in debt to the PLC. Again I imagine any borrowing is secured against assets.
So if the club goes into administration, owing the PLC money then the PLC will just takes the assets to satisfy the debt. Even if there were to be a CVA, they would be shafting themselves for pennies in the pound.
Unless you are aware of other creditors, who would clearly have to be mentalists.
Previously from RM
Rangers wannabe chief Jim McColl lines up ex-Liverpool chief Christian Purslow for key role at Ibrox
28 Sep 2013 08:38
NEWS of the possible involvement of the man who helped overthrow the American regime at Anfield has been welcomed by Rangers investors.
FORMER Liverpool managing director Christian Purslow has been lined up to spearhead the Jim McColl revolution at Rangers.
Record Sport has learned the respected Englishman – who led the boardroom coup that ousted American owners Tom Hicks and George Gillett from Anfield – has been in talks about taking on a key role at Ibrox.
News of Purslow’s possible involvement in a new Rangers regime has been met with great enthusiasm by the club’s big-money backers in London.
They have demanded a top-level shake-up and the removal of at least three directors, including chief executive Craig Mather and finance director Brian Stockbridge.
McColl and Murray have been locked in discussions with these institutional investors for the past week as they lay out their blueprint to safeguard a business which has burned through more than £22million since it was launched on the stock market late last year.
And the potential tie-up with a man of Purslow’s impeccable credentials has further strengthened McColl’s rebels among their influential backers.
A London source told Record Sport: “Jim McColl is confident Purslow will have a role to play and that is god news for us and for Rangers.
“Purslow has an unblemished CV in big business and the advantage of his experiences working in football at Liverpool.
“If Murray and McColl can land Purslow it will be a great coup. He makes the current executives look like rank amateurs by comparison.”
McColl and Murray are staying tight-lipped on their plans but we understand Purslow has been courted for a prominent position in the day-to-day management of the club.
Tif Finn says:
October 17, 2013 at 5:30 pm
I see we are back to the rallying call of “Scottish football is dead without a strong Rangers”.
Utter nonsense.
=============================================================
Scottish Football is dead without meaningful competition.
I agree that a strong Rangers is not necessary to a succesful Scottish game however replacing a boring duopoly with a boring monopoly won’t save our game.
Tif Finn
I see what you mean regards the stiffing of investors but I could not believe that any company would advance any Scottish football club (let alone one with a possible £60m tax axe hanging over it) £18m in 2010 then advance them another 5 or 6m when the said club struggled to pay the first instalment of the original advance.
Then we are told institutional investors ploughed £17m into the tribute act ,all this when virtually nothing is being invested in any other Scottish football club (our game cannot even attract sponsors ).
IMO the depth and reach of the seemingly baffling verdicts and decisions afforded to both club entities leaves me believing that the financial sector could not be ruled out in any possible agenda in this debacle .
I am no finance expert but I think I read on here that profits can still be made on certain losses (tax breaks I think)
Some people think they are stumbling from one disaster to another ,I do not .
Why would anyone invest in this entity as it seems certain that at least £30m would be needed just to prop it up .
I thought it strange that the SPFL seemed to come out with the relegation clause and then it disappeared overnight .
Tif Finn says: (552)
October 17, 2013 at 5:17 pm
3 0 Rate This
… I would suggest that an experienced manager who has proven themselves, particularly in what was the SFL, would be the way to go. They would not cost a fortune in salary and would already have the experience required.
———
I agree. I was only offering a suggestion as to what might happen. After all, it seems to be a prerequisite that the manager is a ‘Rangers man’, whatever that is. I just thought Boyd, Weir, and Ferguson would fit the fans’ template.
If they’d been smart they’d have grabbed Billy Davis when he was looking for work, or McInnis, or Steven Pressley or Hartley. They’re not football smart though. Logic and common sense have nothing to do with it there. The stupidity of it all was summed by Smith who recently gave his ‘We are Rangers, we must spend, even if we have no money’. Bonkers.
parttimearab
Scottish football is dead without meaningful corruption ,is nearer the truth at the moment
Charlotte on again- this is dynamite,
http://i.imgur.com/6WaIYEu.jpg
http://i.imgur.com/6ZyTvWc.jpg
I appreciate that the majority of fans who follow professional football in Scotland support one of two teams but I’ve noticed in the last couple of years than when folk say Scottish fitba in the context “Scottish fitba is dead” they mean Celtic and Rangers filling their stadia and playing in Europe.
Danish – although the Rangers fans may accept those mentioned, I think they’d really have to get Mark Hateley in, to ensure continuing enthusiasm and provide a suitable smokescreen. Terry Butcher they might get away with, but I think he’s smart enough to stay where he is for now.
Getting a good manager is not the important thing. They need someone that keeps fans onside for the time being, and who “proves” continuity between the old club and the new. As well as to provide a focus to deflect attention from the various sleights of hand.
McCoist is that figurehead, and I just can’t see him going. He must be worth his wages for some reason – OK, TUPE maybe – but it’s obviously not his ability as a manager or tactician.
His real value shouldn’t be underestimated. (And it evidently isn’t being.)
I wonder again – just how involved is McCoist in the shenanigans? Is he playing a defined role here?
Just in and seen Charlottes latest revelation…the spelling and general grammar are very poor so I think the provenance might be dubious or Mr Morgan is not very well educated. If however the provenance is good then this is a very serious document and directly relates to the Sevco 5088/Sevco Scotland novation/non novation which I have mentioned before. We will see………….and Mather off with £300k is incredible….who actually authorised this as there is no actual remuneration committee in existence. Another AIM issue!
Shocking stuff and I fear admin 2 is the outcome where someone needs to do what The Duffers dismally failed to do..which is cut costs and create a realistic business plan.
Twitter account,been running a wee while, but last few tweets interesting
@CW71
CEO Contract – This might validate the reports issued in the press earlier today
http://www.scribd.com/mobile/doc/176923329?width=800
Check it out.im on mobile so finding it difficult to copy tweets
Bangordub says: (294)
October 17, 2013 at 6:29 pm
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Charlotte on again- this is dynamite,
http://i.imgur.com/6WaIYEu.jpg
http://i.imgur.com/6ZyTvWc.jpg
More revelations! Frankly they contain my exact thoughts on the matter although yet again the grammar and spelling are shocking! Not convinced on the provenance here……..and which document does clause/note 17 actually come from.
Welcome back Charlotte
https://twitter.com/CW71
@CW71
The company No is wrong on that contract on the twitter link .
I am sure it’s just an error though as Sevco seem to have problems with names and DOB also . 🙄 🙄
As I said many moons ago on RTC, and a few have said recently – a huge slice of humility and a phone call to Bryan Jackson at the outset would have had this bunch heading towards redemption at a rate of knots given the following they have.
Where they have ended up is in the dying throes of on of the most spectacular myriad of mismanagement.
Utterly incredible
wildwood says: (15)
October 17, 2013 at 7:09 pm
As I said many moons ago on RTC, and a few have said recently – a huge slice of humility and a phone call to Bryan Jackson at the outset would have had this bunch heading towards redemption at a rate of knots given the following they have.
=====================================
There is no doubt in my mind had Rangers and their fans shown genuine remorse and a willingness never to return to the same policies some clubs and fans would have had a far softer attitude towards them. They didn’t though, and the rest is history, just like Rangers.
You need to be quick in this game.
The document claiming to be Craig Mather’s contract has already disappeared from Scribd.
Long Time Lurker says: (650)
October 17, 2013 at 6:46 pm
On the assumption that the visible conversations with other tweeters on @CW71 are on show for a reason, this is all becoming very very… honking really.
Interesting that Charlotte is now openly claiming to be Craig Whyte or are they just using the same picture. The CEO contract was taken down very rapidly. I assume someone has grabbed a copy?
Appearing on twitter
Claire Rinkes (Sevco HR) is leaking documents to Charlotte Fakes. #spotted http://t.co/x3OzRQTnor
Maybe just an old friend
http://www.gildeas.net/index.php/directors/item/163-paul-kavanagh-director
I guess she maybe got on well with CW and if he is Charlotte then that comes together. A bit silly to out her though. She’ll probably get her jotters tomorrow
Anyone got copy of recently deleted Scribd document http://t.co/40n2SkFqhE.
PM me.
From our good pal Charlotte this fine evening….
“2. Potential nightmare and first indication of a major cover up. Pinsent 3 May 2013
17 However, there is some evidence of a potential side arrangement among Messrs. Ahmad, Green, Whyte, Earley and Rizvi. The terms of any arrangement (if indeed there was one) are currently unclear and are likely to only become clearer following interviews of Messrs Green, Ahmad, Whyte, Earley and Rizvi. There is also the possibility that Mr Green provided Mr Whyte with a signed blank stock transfer form and a letter resigning as a director of 5088, but it is unclear if he did provide these documents, and, if he did, whether that was before or after the Asset Purchase Agreement was signed.”
Being an extract of uncertain provenance we must be careful with any interpretations of this passage.
Notwithstanding that, if this is from Pinsent then they appear to have some evidence of a ‘potential side arrangement’ amongst a merry band including CW, CG and Interpol favourite Rizvi.
http://www.dailyrecord.co.uk/sport/football/football-news/rangers-takeover-tapes-reveal-secret-1997376
From what I previously understood there were some difficulties in getting members of this merry band to give interviews on the subject. Unfortunate that as the possibility that “Mr Green provided Mr Whyte with a signed blank stock transfer form and a letter resigning as a director of 5088” is most interesting to say the least.
How could Pinsent have arrived at the conclusion that such a thing might have happened?
Scottish Football needs the SFA to demand immediate sight of any initial, interim and the final reports prepared by Deloittes/Pinsent Masons. Are assurances from RIFC/TRFC of any value whatsoever?
scottc says: (321)
October 17, 2013 at 7:32 pm
Careful, someone’s name in that box doesn’t actually mean anything. The lady may or may not have been the creator of the original document, doesn’t mean she leaked it!
Contract reposted by CW71 through Twitter. Safely captured.
andygraham.66 says: (46)
October 17, 2013 at 7:26 pm
Appearing on twitter
Claire Rinkes (Sevco HR) is leaking documents to Charlotte Fakes. #spotted http://t.co/x3OzRQTnor
——
That link also leads nowhere … somebody’s sharp off the mark tonight!
So, any thoughts on why the squirrel’s out and about tonight?
Mark Guidi on super scoreboard understands (like Chic) that Dave King will be ok to join Rangers.
👿
Squiggle says: (103)
October 17, 2013 at 7:57 pm
So, any thoughts on why the squirrel’s out and about tonight?
===================
Gathering nuts ?.
Craig Whyte @CW71 7m
Copy of contract – with author details removed. Outrageous assumptions and loose lips by others. HR not leaking.
Craig Whyte @CW71 5m
Although someone with balls needs to ask the requisitioners if they have leaked confidential club information. #NotFitForPurposeEither
That para 17 reeks to me of the authenticity of a tier 1 city law firm uncovering major malfeasance that their client does not want to know about.
Angus1983 says: (1174)
October 17, 2013 at 7:54 pm
andygraham.66 says: (46)
October 17, 2013 at 7:26 pm
Angus/Andy, I’ve seen that name before on a document and if its same one, it was released a few months ago
The contract is back up, (spelling mistakes and all),
Craig Whyte @CW71 7m
Copy of contract – with author details removed. Outrageous assumptions and loose lips by others. HR not leaking.
http://www.scribd.com/doc/176944416/CEO-Contract-V1 …
Copy of contract – with author details removed. Outrageous assumptions and loose lips by others. HR not leaking.
http://www.scribd.com/mobile/doc/176944416?width=800
Edit: from @CW71
Funny how a CF snippet alluding to a side letter to one of Interpol’s 10 most wanted hardly even registers a ripple on here .
That my friends is how far we have come in this debacle . 👿 👿 😯 😈 :slamb:
Press stories today claim Mather has walked away with £300K.
But the document released tonight which is allegedly Mather’s contract shows quite clearly that if he is sacked by the company then he gets a 12 months pay-off.
But if he decides to walk then he only gets 3 months viz £75k.
So what did he get and if it was £300K what were the grounds for sacking him?
fergusslayedtheblues says:
October 17, 2013 at 8:04 pm
Funny how a CF snippet alluding to a side letter to one of Interpol’s 10 most wanted hardly even registers a ripple on here .
That my friends is how far we have come in this debacle .
==========================================
With no real provenance I think that many on here wisely treat “Charlottes” “leaks” with the utmost caution and scepticism.
Some motive wouldn’t go amiss either….
ecobhoy says: (2016)
October 17, 2013 at 8:06 pm
I think he was pushed, rather than jumped, but, who knows with this mob
Soooooo have I missed anything?? 😀 caught Guidi’s claims on SSB tonight about DK ??????? Just how can he be passed as fit and proper on any level he is a convicted criminal 😉 I suppose he’ll slot right in 😆 this situation just gets funnier by the day. Any comment from mccoist? Such as who’s on the board ? 😉
parttimearab
with you there but just pointing out that other parts of the snippet were picked up with the same scrutiny as the possibility of an Interpol wanted man .
I suppose what I am trying to say is ,would it surprise anyone on here if the Ritzvi side letter was true
fergusslayedtheblues says: (146)
October 17, 2013 at 8:04 pm
———————————————————
Agreed, that’s the smoking one mate.
fergusslayedtheblues says:
October 17, 2013 at 8:20 pm
parttimearab
with you there but just pointing out that other parts of the snippet were picked up with the same scrutiny as the possibility of an Interpol wanted man .
I suppose what I am trying to say is ,would it surprise anyone on here if the Ritzvi side letter was true
==============================================================================
Fair point Fergus and in fairness wouldn’t fall off my chair if it turned out to be true
😀
parttimearab says: (55)
October 17, 2013 at 8:27 pm
Surprised No, as someone else might put it. But, it is not at all clear that cw71 is the genuine article.
Para 17.
Either from the lets have a BoD meeting (without Green) conversations.
Or more likely the real 😉 PM report.
As in NOT the one seen by the SFA, hence the enormous costs.
2for 1s in legal circles don’t lead to savings.
fergusslayedtheblues says: (146)
October 17, 2013 at 8:04 pm
12 0 Rate This
————
Are you referring to the snippet that says ‘side agreement’. Would that need to be in the form of a letter?
DP
Sorry , just assumed the tribute act leaders would have picked up the dead clubs custodians old habits 😀
I wake up and the Rangers financial position is even worse. As well as losing 38,000 pounds a day they have given Mather 300,000 to run away. Imran will get his 500,000 soon. Add in another 80.000 for a re jigged AGM. The remuneration committee will surely give the two remaining directors a higher salary because they are doing the work of 4 people, The remuneration committee are the two directors! that’s another 2,000,000 then they both walk away and turn out the lights.
If you supply Ibrokes with pies or newspapers then ask for cash up front. If not you will be an unsecured creditor when they go under.
fergusslayedtheblues says: (147)
October 17, 2013 at 8:40 pm
1 0 Rate This
————
If the snippet is genuine, and they knew only interviews with the various parties would resolve the issue, you’d have thought that for an investigation that cost in the region of £1m they would have managed to conduct a few interviews. Funny how huge amounts of money and time can also result in shoddy investigations. If I didn’t know better, I’d almost think that …
fergusslayedtheblues says: (147)
October 17, 2013 at 6:11 pm
8 0 Rate This
Tif Finn
I see what you mean regards the stiffing of investors but I could not believe that any company would advance any Scottish football club (let alone one with a possible £60m tax axe hanging over it) £18m in 2010 then advance them another 5 or 6m when the said club struggled to pay the first instalment of the original advance.
===================================
That’s not what happened though.
Ticketus never advanced them anything. They bought tickets in advance, it was never a loan it was a purchase of season tickets.
They believed that purchase survived any insolvency event. i.e. as long as any team was playing games at Ibrox stadium then their tickets were good for those games.
That was incorrect under Scots law, as ruled in the Court of session, and they were told that if the administrator decided to breach their contract then they became an ordinary creditor.
I believed then, and still believe that it was an enormous error by Ticketus who never went to the bother of establishing the difference in property rights twixt England and Scotland. I know other disagree with that and I fully respect their opinion.
Brenda says: (684)
October 17, 2013 at 8:13 pm
9 0 Rate This
Soooooo have I missed anything?? caught Guidi’s claims on SSB tonight about DK ?????? ?
~~~~~~~~~~~~~~~~~
I remain proud to report that I am a Radio Clyde SSB virgin. I bet you’re jealous!
wildwood says: (15)
October 17, 2013 at 7:09 pm
As I said many moons ago on RTC, and a few have said recently – a huge slice of humility and a phone call to Bryan Jackson at the outset would have had this bunch heading towards redemption at a rate of knots given the following they have.
Where they have ended up is in the dying throes of on of the most spectacular myriad of mismanagement.
Utterly incredible
+++++++++++++++++++++++++++++++++++++++++++++++
Indeed. The reason another Admin is required is because the first one was a Fake and the plan to continue debt free in the SPL was thwarted by the fans. Well done us!
This time around proper downsizing will have to take place as well as a cash injection of some £40-£50M to see them back to the SPL.
so there was this fella who owned and ran the business for ages but after a while the taxman became suspicious and eventually slapped a wee tax bill and threatened a big tax bill so the fella got scared and sold to another fella for a quid who didna pay the wee bill either and all was fine until the money got tight and then he stopped paying the taxman altogether and eventually the taxman got fed up and put the business into administration and a fella came along and got the assets for a song and all was fine and they paid the taxes but he went under a cloud and another fella came in and the money got tight and he tried to engineer this fella from south africa to come in with money but he had just got nicked on 41 counts for not paying his taxes so he got the boot and that left the last fella standing to look after corporate governance who has an impecable record of paying taxes but his brother is on the fitba board and he has done time for not paying taxes and that is the story to date we are the people
Danish Pastry says: (1581)
October 17, 2013 at 8:52 pm
Assuming that the contract is genuine and it is a standard RIFC directors contract, then under clause 22, Mr Green may have had a contractual obligation to cooperate with the Pinsents investigation. I am unaware of any efforts by RIFC to compel him to cooperate….