The Immortality Project

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Nickmcguinness says: October 1, 2013 at 3:40 pm Drew Peacock at 3:17pm: So …

Comment on The Immortality Project by Drew Peacock.

nickmcguinness says:
October 1, 2013 at 3:40 pm

Drew Peacock at 3:17pm:

So are we to conclude that on top of the money paid to D&P for the stadium that Spivco also took on the £1.6million of payments to Close Leasing for refurbishments to catering facilities carried out before the club went into liquidation?
Would that not represent Preferential treatment of creditors?
After all, how could Close Leasing “own” the refurbishments?
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I think they owned the catering “refurbishments” (equipment?) because under the agreement they had not been paid for and would have been recoverable via the fixed charge they held. Instead Newco took on the obligation to prevent the equipment being removed.

Drew Peacock Also Commented

The Immortality Project
Tried to download the accounts to have a wee look but it is so slow and I haven’t had a chance to view them yet.

From what others say on here it appears there is no reference by the Auditors on the matter of going concern. Given the cash burn rate and no mention of any new cash being injected I’m surprised by that.

I may have more to say later but don’t wait up as I was one of the IMBECILES who said there would be no accounts.

Forgot to say – good luck to Celtic for tonight.


The Immortality Project
andydfc says:
October 1, 2013 at 3:08 pm

This line interested me

“The Fast Food refurbishments and Stadium PA systems were purchased from the RFC 2012 plc fixed charge holders for £1.6m and
£0.6m respectively.”

Who are the “fixed charge holders”
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Close Leasing? I think their title to the assets under lease would have survived the liquidation as the assets were never actually owned by DeadCo.


The Immortality Project
I have to say I’m impressed by the ingenuity expressed in the naming of the latest Rangers faction to emerge – “The Sons of Struth”

Firstly, the use of the words Sons is suggestive of the many Orange lodges who are Sons of something or other, sometimes a person sometimes a battle. I’m assuming this new faction is a male only preserve which will please the likes of Tam Cowan et al.

Secondly, using the name of Struth suggestes there were halcyon days when the club’s custodians acted with integrity – of course how true that actually is depends on whether you agree the players should only be drawn from certain sections of the community.

Thirdly, if you misread Struth it could be seen as Truth but that can’t be right because that is an alien concept down Ibrox way.


Recent Comments by Drew Peacock

Beware the angry Shareholders — they might just demand an answer!
Resin_lab_dog says: (200)
October 19, 2013 at 1:35 am
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Well said Brother.


Beware the angry Shareholders — they might just demand an answer!
Resin_lab_dog says: (199)
October 19, 2013 at 1:07 am

I have no beef with the masons.
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Not even with the Chycophant? It’s either that or he is on the payroll?


Beware the angry Shareholders — they might just demand an answer!
neepheid says: (850)
October 18, 2013 at 11:21 pm

“there may well be those at Hampden who simply wish that Celtic and their fans would just go away!”
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That is the engrained culture of the SFA, and has been for at least the last 50 years.
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My dad was a big trade unionist and socialist. Active in the days when ordinary people wanted proper reward for their labour,, transparency in the workplace and more democracy. In those days advances were made. He also ran a Youth football team and more often spoke of the autocracy of the Blazers than the Bosses, as they were on the back foot . He knew Ernie Walker too.


Scottish Football Administration in the 21st Century
selfassessor says: (64)
October 18, 2013 at 11:10 pm
Personally, I’ve never really been one for bull fighting.

However.

Where we are now with the tribute act ……. I feel that somebody needs to put it out of its misery. The final sword needs to be inserted by Paco Camino, El Cordobes or Craigo Whytez.

As much as I will be sorry to see the gift that keeps on giving give no more, I think it’s time. My sides have not much more to give, although I will miss it.

…… Am I alone?
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Dunno – but i hope it continues until 24 Dec.


Scottish Football Administration in the 21st Century
neepheid says: (850)
October 18, 2013 at 11:05 pm

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Greenock Jack says: (72)
October 18, 2013 at 9:39 pm

I don’t have enough precise detail / dates to give you a direct answer.

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What information do you lack? It is a fact that RFC were a member of the SFA. It is a fact that RFC arranged for Ogilvie to receive around £90k tax free by way of a “loan”, It has never been denied that Ogilvie held office in the SFA at a time when that loan was outstanding. It is a fact that Ogilvie is currently President of the SFA. Do you see nothing that compromises his fitness for office?

As regards Lawell, did you not express support for the view that he should not be involved in any ruling as to King’s “fit and proper” status? If I got that wrong, I apologise unreservedly.
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Pssst – you are forgetting CO was in place when the wholly illegal DOS scheme was put in place. In FACT isn’t there a letter somewhere with his signature on it authorising it all?

When he signed up to the scheme he would of course know it was a “highly aggressive, high risk” tax scheme that would inevitably be challenged by HMRC. Sir Dave’s advisors would have told him that but CO and the Dave went ahead anyway.


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