UEFA Club Licensing. – To Comply or not to Comply ?
On 16 April 2018 The UEFA Club Financial Control Body (CFCB) adjudicatory chamber took decisions in the cases of four clubs that had been referred to it by the CFCB chief investigator, concerning the non-fulfilment of the club licensing criteria defined in the UEFA Club Licensing and Financial Fair Play Regulations.
Such criteria must be complied with by the clubs in order to be granted the licence required to enter the UEFA club competitions.
The cases of two clubs::
Olympique des Alpes SA (Sion Switzerland )
and
FC Irtysh (Kazakhstan)
are of particular interest to those following the events under which the SFA awarded a UEFA License to Rangers FC in 2011 currently under investigation by the SFA Compliance Officer because
- The case documentation tell us how UEFA wish national associations to apply UEFA FFP rules
- The cases tell us what might have happened to Rangers FC in 2012 had they not gone into liquidation and as a consequence avoided the same type of sanctions that UEFA applied to Sion and Irtysh.
FC Sion (Olympique des Alpes SA)
Here we are told how the Swiss FL and then the UEFA CFCB acted in respect of FC Sion in 2017 where a misleading statement was made in the Sion UEFA licensing application.
Full details can be read at
but this is a summary.
In April 2017 the Swiss FL (SFL) granted a licence to Sion FC but indicated that a Disciplinary case was pending.
In July 2017 the CFCB, as part of their licence auditing programme, carried out a compliance audit on 3 clubs to determine if licences had been properly awarded. Sion was one of those clubs.
The subsequent audit by Deloitte LLP discovered Sion had an overdue payable on a player, amounting to €950,000, owed to another football club (FC Sochaux ) at 31st March 2017 as a result of a transfer undertaken by Sion before 31st December 2016, although the €950,000 was paid in early June 2017.
Deloitte produced a draft report of their findings that was passed to SFL and Sion for comment on factual accuracy and comment on the findings. Sion responded quickly enabling Deloitte to present a final report to the CFCB Investigation Unit. In response to the Deloitte final report Sion stated:
“il apparaît aujourd’hui qu’il existait bel et bien un engagement impayé découlant d’une activité de transfert. Ce point est admis” translated as
“it now appears that there was indeed an outstanding commitment arising from transfer activity. This is admitted”
What emerged as the investigation proceeded was that the Swiss FL Licensing Committee, after granting the license in April and as a result of a Sochaux complaint of non-payment to FIFA, had reason to refer Sion’s application to their Disciplinary Commission in May 2017 with regard to the submission of potentially misleading information by FC Sion to the SFL on 7th April 2017 as part of its licensing documentation.
Sion had declared
“Written confirmation: no overdue payables arising from transfer activities”, signed by the Club’s president, stating that as at 31 March 2017 there were no overdue payables towards other football clubs. In particular, the Club indicated that the case between FC Sion and FC Sochaux regarding the transfer of the player Ishmael Yartey was still under dispute.
The SFL Disciplinary Commission came to the conclusion that FC Sion had no intention to mislead the SFL, but indeed submitted some incorrect licensing documentation; the SFL Disciplinary Commission further confirmed that the total amount of €950,000 had been paid by the Club to FC Sochaux on 7 June 2017. Because of the inaccurate information submitted, the SFL Disciplinary Commission decided to impose a fine of CHF 8,000 on the Club.
Whilst this satisfied the SFL Disciplinary process the CFCB deemed it not enough to justify the granting of the licence as UEFA intended their FFP rules to be applied.
Sion provided the CFCB with a number of reasons on the basis of which no sanction should be imposed. In particular, the Club admitted that there was an overdue payable as at 31 March 2017, but stated that the mistake in the document dated 7 April 2017 was the result of a misinterpretation by the club’s responsible person for dealing with the licence (the “Club’s licence manager”), who is not a lawyer. The Club affirmed that it never had the intention to conceal the information and had provisioned the amount due for payment and that, in any case, it has already been sanctioned by the SFL for providing the wrong information.
The CFCB Investigation Unit accepted that the Sion application, although inaccurate, was a one off misrepresentation and not a forgery, (as in intended to deceive ) but that nevertheless an overdue payable did exist at 31st March and a licence should not have been granted.
Based on their findings, the CFCB Chief Investigator decided to refer the case to the CFCB Adjudicatory Chamber and suggested a disciplinary measure to be imposed on FC Sion by the CFCB Adjudicatory Chamber, such measure consisting of a fine of €235,000, corresponding to the UEFA Revenues the Club gained by participating in the 2017/2018 UEFA Europa League.
The CFCB Investigatory Chamber submitted that it was appropriate to impose a fine corresponding to all the UEFA revenues the Club gained by participating in the competition considering the fact that FC Sion should not have been admitted to the competition for failing to meet one of its admission criteria.
The Adjudicatory Chambers took all the circumstances (see paras 91 to 120 at http://tiny.cc/i8sxsy ) into consideration and reached the following key decisions.
- FC Sion failed to satisfy the requirements of Article 49(1) of the CL&FFP Regulations and it obtained the licence issued by the SFL not in accordance with the CL&FFP Regulations.
- FC Sion breached Articles 13(1) and 43(1)(i) of the CL&FFP Regulations. (Documents complete and correct)
- To exclude FC Sion from participating in the next UEFA club competition for which it would otherwise qualify in the next two (2) seasons (i.e. the 2018/19 and 2019/20).
- To impose a fine of two hundred and thirty five thousand Euros (€235,000) on FC Sion.
- FC Sion is to pay three thousand Euros (€3,000) towards the costs of these proceedings.
Comment in respect of the award of a UEFA Licence in 2011 to Rangers FC.
It is now public knowledge that an actual liability of tax due before 31stDecember 2010 towards HMRC, was admitted by Rangers FC before 31st March 2011.
This liability was described as “potential” in Rangers Interim accounts audited by Grant Thornton.
“Note 1: The exceptional item reflects a provision for a potential tax liability in relation to a Discounted Option Scheme associated with player contributions between 1999 and 2003. A provision for interest of £0.9m has also been included within the interest charge.”
The English Oxford Dictionary definition of potential is:
Having or showing the capacity to develop into something in the future.
Which was not true as the liability had already been “developed” so could not be potential.
This was repeated by Chairman Alistair Johnson in his covering Interim Accounts statement
“The exceptional item reflects a provision for a potential tax liability in relation to a Discounted Option Scheme associated with player contributions between 1999 and 2003. “ where he also added
“Discussions are continuing with HMRC to establish a resolution to the assessments raised.”
This could be taken as disputing the liability but In fact the resolution to the assessments raised would have been payment of the actual liability, something that never happened.
In the Sion case it was accepted the misleading statement was a one off misrepresentation, but at the monitoring stages at June 2011 in Ranger’s case the status of the liability continued to be misrepresented and in September the continuing discussions reason was repeated, along with a claim of an instalment paid whose veracity is highly questionable.
The Swiss FL Licensing Committee did at least refer the case to their Disciplinary Committee when they realised a misleading statement might have been made. The SFA however in August 2011, when Sherriff Officers called at Ibrox for payment of the overdue tax , did no such thing and pulled up the drawbridge for six years, one that the Compliance Officer is now finally charged with lowering.
The case of FC Irtysh of Kazakhstan is set out in full at http://tiny.cc/y9sxsy and is a bit more straightforward but is nevertheless useful to compare with events in 2011 in Scotland.
Unlike Rangers FC , FC Irtysh properly disclosed that they had an overdue payable to the Kazakhstan tax authorities at the monitoring point at 30th June 2017. This caused the CFCB Investigatory Unit to seek further information with regard to the position at 31st March
It transpired that Irtysh had declared an overdue payable at 31st March but cited their financial position (awaiting sponsor money) as a reason for non payment to the Kazakhstan FA who accepted it and granted the licence. The outstanding tax was paid in September 2107.
The outcome of the CFCB Investigation was a case put to the CFCB Adjudicatory Chamber who agreed with the CFCB Investigation Unit that a licence should not have been granted and recommended that Irtysh be fined the equivalent of the UEFA prize money, (that had been withheld in any case whilst CFCB investigated.)
The CFCB Adjudicatory Chamber however decided that a fine was not sufficient in sporting deterrent terms and ruled that:
- FC Irtysh failed to satisfy the requirements of Article 50bis(1) of the CL&FFP Regulations and it obtained the licence issued by the FFK not in accordance with the CL&FFP Regulations.
- To withhold four hundred and forty thousand Euros (€440,000) corresponding to the UEFA revenues FC Irtysh gained by participating in the 2017/2018 UEFA Europa League.
- To exclude FC Irtysh from participating in the next UEFA club competition for which it would otherwise qualify in the next three (3) seasons (i.e. the 2018/19, 2019/20 and 2020/21 seasons). This sanction is deferred for a probationary period of (3) three years. This exclusion must be enforced in case the Club participates again in a UEFA club competition having not fulfilled the licence criteria required to obtain the UEFA licence in accordance with the CL&FFP Regulations.
- FC Irtysh is to pay three thousand Euros (€3,000) towards the costs of these proceedings. “
The deferral was because unlike Rangers FC, FC Irtysh had properly disclosed to the licensor the correct & accurate financial information required, so the exclusion was deferred for a probationary period of (3) years.
Comment in respect of the award of a UEFA Licence in 2011 to Rangers FC.
From the foregoing it could be deduced that had Rangers FC qualified for the Champions League (or European League) and not gone bust as a result and so not entered liquidation BUT it became public knowledge by 2012 that a licence had been wrongly and possibly fraudulently granted then
- Rangers would have been fined the equivalent of their earnings from their participation in the UEFA competitions in 2011
- At least a two year ban from UEFA Competitions would have been imposed, but more likely three in view of repeated incorrect statements.
- The consequences of both would have been as damaging for Rangers survival as the real life consequences of losing to Malmo and Maribor in the qualifying rounds of the Champions and European Leagues.
Karma eh!
Interestingly in the UEFA COMPLIANCE AND INVESTIGATION ACTIVITY REPORT 2015 – 2017 , the CFCB investigatory chamber recommended that both the Kazakhstan FA and Swiss FA as licensors
“pay particular attention to the adequate disclosure of the outstanding amounts payable towards other football clubs, in respect of employees and towards social/tax authorities, which must be disclosed separately;
Would the same recommendation apply to the Scottish FA with regard to their performance in 2011 and will the SFA responses thereafter to shareholders in a member club be examined for compliance with best governance practice by the SFA Compliance Officer investigating the processing of the UEFA Licence in 2011?
This would be a welcome step in fully restoring trust in the SFA.
Shug, I actually like a lot of PMcG stuff and he has been on the ball with a lot of news – particularly in the early years where I have a feeling he had a mole in the old regime. However this particular post is, as he would put it, “lazy journalism”. Rangers fans have been calling these 4 for the chop for months, and many papers have listed them as most likely to leave (along with Hodson). I have no contracts in Rangers whatsoever and could have told you that all four would be surplus to requirements.
I believe that Club 1872 has sent an email to its members with the result of the vote whether or not to use cash earmarked for “Projects” to buy shares.
Yes DBD some are more obvious than others the problem is unless another club is willing to pay them the same wages as they are on now then I would doubt they will be going anywhere.The real question is can your club can afford to pay up their contracts to terminate their employment. They will also need to bring in more players on the same or more wages.
shug June 14, 2018 at 19:51
PMGB second wee bit today.
https://philmacgiollabhain.ie/2018/06/14/making-demands-on-your-first-day-in-the-job/
=============================
Not exactly an exclusive from Phil. The Sun put up the story about Holt and Halliday being surplus to requirements at 12:30 today. The topic has been discussed on Jambos Kickback since that time.
DarkbeforedawnJune 14, 2018 at 20:00
“Shug, I actually like a lot of PMcG stuff and he has been on the ball with a lot of news – particularly in the early years where I have a feeling he had a mole in the old regime. However this particular post is, as he would put it, “lazy journalism”. Rangers fans have been calling these 4 for the chop for months, and many papers have listed them as most likely to leave (along with Hodson). I have no contracts in Rangers whatsoever and could have told you that all four would be surplus to requirements.”
I like your style begin with i like the guy but…..
in comes the attack on the guy and its Lazy journalism as in no story there
You could have told us they were for the bullet, well if every tom dick and harry at ibrox could see it then why was it not in the press, lazy journalism perhaps.
Answer me this when the guy who debunked the story of Morellos was made to climb down, why was every journalist who called Rangers dead including Traynor not made to make a public apology and explain their actions now that would have been good, to tell every business and law lord liquidation does not mean death.
You try too hard mate the truth is what Charles Greens advocate made obvious in a court, Rangers survival is in the imagination of its fans, it survives in memory only.
This site will defend the truth and to date no-one has been able to debunk the posters or put any evidence forward that the dodoo which is the old club never became extinct.
It became more laughable when King made the gesture about bringing the club out of liquidation and repaying the creditors, and people think White was a rouge. Sevco is the club and company that believe they own Ibrox and it may just be so. What would happen in that scenario if it comes to frution!!
Why is it that when Morelos is linked with a move to china it is to an unnamed club
Is it only Morelos that has this ability to attract bids from china but the club cannot be named
Today it is a £6m bid
of all the celtic players touted in the press for a move this summer (and there has been plenty) I cannot for the life of me remember a single one where the interested club in not named
Strange to say the least
Don’t know if this will work as I am a bit clueless with techie things, if it doesn’t can someone explain how I can get a photo to show in the post.
If it does work great I was just wondering if this was the new HUMMEL casual wear top
DARKBEFOREDAWN
JUNE 14, 2018 at 19:57
And i I do genuinely believe that Murray would have somehow found a way, either through friends from high places, or through fraudulent means to borrow the additional money that EBTs saved.
==================================================
I’m afraid what you “believe” is totally unsubstantiated and meaningless speculation.
What happened happened, Rangers cheated on their tax bill and used the money to pay wages they could not otherwise have afforded.
David Murray could have won Euromillions and lent the money to the club instead. He could have become an alchemist and converted a load of lead into gold and gifted it to the club. It didn’t happen.
Rangers stole tax on a huge scale and spent the money they stole on paying mental wages to already wealthy football players in order to win games of football.
I am sometimes at a loss with the number of otherwise sensible people who seem to think its OK to defend that sort of behaviour. They stole from every one of us to win games of football FFS, that is not OK.
EASYJAMBO
Was on a Rangers supporters twitter account at 9.08am yesterday.
Homunculus, don’t worry. We have JC here to remind us frequently what this is all actually about. Always makes a good read at the end of the day.
Now, 96.6% actually said, “There you go, Dave, help yourself.” Surely not.
HELPUMOOT
JUNE 14, 2018 at 22:05
=============================
Its their money so I suppose they can do what they want with it.
I’m not sure a CIC should be fundamentally changing what it is doing with the money it brought in like this but there you go.
I suppose that might be why they called buying shares a “project”. That way they could use the money collected for projects for an entirely different purpose.
https://www.youtube.com/watch?v=IQ3D8FAzHiM
8Wrong evil bank, I think.
HOMUNCULUSJUNE 14, 2018 at 22:19
Its their money so I suppose they can do what they want with it.
I’m not sure a CIC should be fundamentally changing what it is doing with the money it brought in like this but there you go.
I suppose that might be why they called buying shares a “project”. That way they could use the money collected for projects
===================
I’m no lawyer but you are right to cast doubt on whether money raised for one purpose can be used for another, despite a vote.
I know it was a thorny legal issue for a club I had some involvement in and one of the things that had to happen for it to stand up legally was to offer refunds of donations if the donors were not happy with the proposed new use of the funds. I wonder if that happened in the case of 1872.
bluJune 14, 2018 at 22:34
‘…8Wrong evil bank, I think.’
_______________
Yes, of course, but we all know it was the Bank of Scotland that was meant.
Not that the bank of the knight ( what was his name again?) who was stripped of his title for his wrongdoing is any kind of clean potato-even now!
If only the knight who killed RFC of 1872 would be similarly publicly scorned, debased….. and stripped of his knighthood!
And that the officers of the Bank of Scotland who fed him unjustified millions were also called to account for their toadiness to RFC’s megalomaniac.
Bogs DolloxJune 14, 2018 at 23:11
‘….one of the things that had to happen for it to stand up legally was to offer refunds of donations if the donors were not happy with the proposed new use of the funds. I wonder if that happened in the case of 1872.’
_______________
Let’s hope that the FCA will just have a wee look at what the facts are.
They have ample justification in looking keenly at any financial business relating to a club the Chairman of which has still to comply with a Court Order issued as a result of an application by the TOP.
They will almost certainly be aware that OSCR had an interest in how their ‘charity fundraiser’ with an Italian team was handled!
One thing we need to remember is that in business you need a ‘good name’- not in terms of abstract ‘morality’ (Ha!, as if!) but in keeping your murkiness out of sight, staying clear of bad publicity, showing your business peers that you’re not going to be a feckin liability that might cost them money!
Sadly, for ‘investors’ in RIFC plc, the Chairman of that ‘holding company’ of TRFC Ltd seems not to have a ‘good name’.
On the contrary, he’s nothing but a lie-ability.
Everything to do with Club 1872, and the Community Interest company might very well be perfectly kosher.
But the mere fact that questions are seriously raised does little for their ‘good name’.
Next Friday’s court business.
LORD BANNATYNE – C Stark, Clerk
Friday 22nd June
Starred Motion Between 9.00am and 10.00am
P997/17 Note: RFC 2012 Plc for orders under 4.16 – Dentons – Brodies LLP
This is the BDO v Henderson & Jones (Sevco 5088) case.
This is the judgement of the SA court in just one of the many attempts King made to stall paying up to SARS. As you read it, it becomes perfectly clear that he is using exactly the same tactics now with TOP and the courts here.
http://www.saflii.org/cgi-bin/disp.pl?file=za/cases/ZAGPJHC/2009/1.html&query=%20David%20Cunningham%20King
The cars, the wine, more non-compliance and the threat of inprisonment.
http://www.saflii.org/cgi-bin/disp.pl?file=za/cases/ZAGPPHC/2013/68.html&query=%20David%20Cunningham%20King
The private jet.
http://www.saflii.org/cgi-bin/disp.pl?file=za/cases/ZAGPHC/2002/2.html&query=%20David%20Cunningham%20King
Point 22.
http://www.saflii.org/cgi-bin/disp.pl?file=za/cases/ZAGPPHC/2010/170.html&query=%20David%20Cunningham%20King
HOMUNCULUSJUNE 14, 2018 at 21:25
Rangers stole tax on a huge scale and spent the money they stole on paying mental wages to already wealthy football players in order to win games of football.
I am sometimes at a loss with the number of otherwise sensible people who seem to think its OK to defend that sort of behaviour. They stole from every one of us to win games of football FFS, that is not OK.
==============================
It wouldn’t be okay if it was Celtic, Aberdeen, Hibs, Hearts, Kilmarnock, Dundee, indeed any other club. It wouldn’t be okay with the media, the SFA, the SPFL, or Holyrood and Westminster politicians.
The reason it is okay with all those above is that there has been a natural order in Scotland for well over a century where Rangers and those who support them are better than anyone else no matter what. To call them out for the crime of stealing the tax, then remove the proceeds of the crime in all the trophies that were won is a step too far. Even those in the groups I mention who don’t think it was okay have clearly been intimidated into silence.
https://twitter.com/itvnews/status/1007517388949114880?s=21
A novel way to go to avoid bankruptcy courtesy of Boris Becker.
I wonder if anyone has asked the TOP for comment on the current situation with RIFC shares. I would have thought some of the shareholders they were protecting by insisting on a 20p offer would be getting anxious at lack of progress, missed deadlines and lack of communication.
DARKBEFOREDAWNJUNE 14, 2018 at 20:00
Shug, I actually like a lot of PMcG stuff and he has been on the ball with a lot of news – particularly in the early years where I have a feeling he had a mole in the old regime. However this particular post is, as he would put it, “lazy journalism”. Rangers fans have been calling these 4 for the chop for months, and many papers have listed them as most likely to leave (along with Hodson). I have no contracts in Rangers whatsoever and could have told you that all four would be surplus to requirements.
_____________
I’m not sure what it is you’re accusing PMGB of in his latest blog. He certainly doesn’t claim it as an exclusive and also mentions that the ‘stenographers’ have already received their leak. I think, though, that you have missed the point of the blog, as it’s not about who is being released, but the apparent belief of Gerrard that he can just go ahead and dump and pump the squad without thought to whether or not the club can finance it.
I believe the players mentioned are all under contract, so, unless they are happy to leave without compensation, dumping them might eat into whatever budget Gerrard has, unless you know of a fresh income stream, a rather large one, that is yet to be announced. It is the way that TRFC under Gerrard seem to be repeating the ‘big club, big budget’ madness of previous years, without even a hint of concomitant fresh finance, that has most of us scratching our heads at the financial madness. According to PMGB’s previous blog, the Close Brothers loan, originally intended to be repaid from this round of ST money, has been pushed back to be repaid at the end of the agreed one year term, when clubs, and particularly TRFC, are at their most financially stretched. This is partly how the Gerrard revolution is being financed.
Re – SPFL Fixtures.
.
Aberdeen at Pittodrie.
Damm that Masonic computer
I wonder how many other names the DR’s Gordon Parks had on his list of ‘ RFC legneds’ to interview about Gerrard/McAllister before he got to Mel ‘Zico’ Sterland, who was at Ibrox for four months in 1989 (9 games, 3 goals)?
(Souness paid £800k or £1.08m for him, depending on the source & sold him for £600k to Leeds in the close season. A mere bagatelle of a sum to lose, dear chap!)
Gordon, I’ve got a wheelie-bin that needs cleaning if you run out of barrel-bottoms to scrape…
easyJamboJune 15, 2018 at 00:36
‘..Next Friday’s court business…..This is the BDO v Henderson & Jones (Sevco 5088) case.’
______________________
The mere possibility that H&J might have a seriously arguable case for their claim for £18M must really be giving BDO the willies, given that they are said to have only £10M left in the liquidation kitty.
There would be a supreme irony if BDO were at some future date to be taken to task for having recklessly disbursed funds before the rights of a ‘floating charge’ holder had been met!
Not that I expect next Friday’s business to be about anything other than the usual procedural stuff, with no judgment on the merits of the case, unless BDO have found some real grounds for having the action dismissed out of hand, which they have so far failed to do.
Interesting times, and maybe CW is beginning to regret selling his rights to H&J.
I think CW is probably just as glad to see the back of all things Rangers related given the propensity for violence within the ranks of some of the Gullibillies?
Club 1872 has announced they have £1m to spend on shares. What the article doesn’t say is that if the total amount “raised” in the share issue is greater than £9.34m, then Club 1872’s holding in RIFC will be diluted.
Who is willing to bet that the Club 1872 money is the only new money coming into the PLC, or at least the vast bulk of it.
Who thinks that the people who have supplied the soft loans will have all of them converted to equity, or might some prefer to keep them as loans for now. Rather than getting worthless shares in their place.
What will the shares be valued at, more or less than 20p.
Homunculus June 15, 2018 at 13:21
Who is willing to bet that the Club 1872 money is the only new money coming into the PLC, or at least the vast bulk of it.
Who thinks that the people who have supplied the soft loans will have all of them converted to equity, or might some prefer to keep them as loans for now. Rather than getting worthless shares in their place.
What will the shares be valued at, more or less than 20p.
===============================
I would agree about the new money aspect, particularly if there is a small number of targeted individuals. I wonder if there will be further loans forthcoming in order to raise the promised “£6m” of new money.
The price is only important to determine the number of shares being issued and how it impacts on the overall distribution of shares among the larger players (mainly the Concert Party). I can’t see the price being any higher than 20p though, so as not to incur the wrath of TOP (which seems to have gone very quiet of late).
The fact that it is “only” £1m also suggests that Club 1872 hasn’t secured further funding in the form of a loan to maintain or enhance their share of RIFC, unless that “investment” is to come at a later stage.
Re Club 1872 statement.
So that is £1m of the £6m for shares that will go towards additional working capital accounted for. Have we any word yet on who is putting up the other £5m?
What we know from the latest audited accounts is that circa £3m additional capital is required for the current financial year. Can anyone recall what assumptions were made about Europe in coming to this figure?
In addition, the Close Brothers loan will need to be repaid during this financial year.
Heaven knows how this summer’s additions/subtractions to/from the playing squad and managerial team will affect the cost base. One thing for sure we won’t be getting realistic figures from the MSM.
I’ve never been one to predict the end of days for TRFC – the train can be kept on the tracks as long as losses can be funded. But crikey, I would be getting very nervous now if it were my team.
And surely the TOP will move at some point???
I get more joy out of Celtics continued success than I ever will out of the Tribute Acts problems.
Though it has to be said I enjoy this too.
Statement O’Clock soon surely?
It is #FurfuxakeFriday after all ???♂️???♂️
JOHN CLARK
JUNE 15, 2018 at 11:15
…and maybe CW is beginning to regret selling his rights to H&J.
———————————
What else was he supposed to do?
He’s allegedly skint, can’t afford to proceed on his own, can’t get an ‘angel’ to finance it for him…
He’s taken a payment from H&J & will still get the satisfaction of his ‘day in court’, with all the financial risk/reward taken by them.
If H&J win, it’ll open other avenues for Whyte to continue to litigate. If H&J lose, he’s got some money he didn’t have before out of it.
slimjimJune 15, 2018 at 10:59
Re – SPFL Fixtures. Aberdeen at Pittodrie. Damm that Masonic computer
===================
It happens every season with Celtic and Rangers alternating between what looks like an easier start to the other.
Last season The Rangers played Hamilton at home (1-1) Dundee Away (1-2) and Kilmarnock Away (1-1).
Celtic had Hearts Away (1-2), St Johnstone Away (2-4) and Aberdeen at home (4-1).
Swings and roundabouts.
AULDHEID
That was the 2016/17 opening fixtures.
Last season was Motherwell (a), Hibernian (h) & Hearts (h) however your point is still a valid one
Having said that there are no easy games for us irrespective of who we play.
TheLawMan2June 13, 2018 at 21:58 (Edit)
You are entitled to your opinion. Back in the day it was a trade. Lots of pockets of tax advisors sprung up and told their prospective clients how to get round it.
They convinced bigger business men than Murray. I know it’s often forgotten but remember that irrespective of the end result 5 of the people who saw all the evidence agreed it was legitimate tax avoidance.
That suggests to me that it most certainly wasn’t black and white though I 100% agree it’s wrong. I also stated before the first case we would lose it. I was surprised as anyone when we won the first 2. I wasn’t surprised with the final outcome.
Is it not enough for me to say they were a huge gamble, a huge risk and a huge mistake.
As for Whyte. You’re right my hatred towards that rat of a man is far greater than Murray or King or any other board member.
++++++++++++++++
Five of the people who thought it was legitimate tax avoidance came from the same mindset as yourself where their judgement was based on the letter of the law rather than the spirit of it and the purpose and intent behind that is not bound by semantics and sophistry.
That is where the Supreme Court came in and all the semantical arguments built a mile high were wiped away by the spirit.
If the JPDT apply the same principle the date of “overdueness” will matter not a jot.
Have you ever stood back and thought why your club is in the state it is in? The real reason, not SDM or CW or CG? but the scrupulous way you think?
scrupulousˈskruːpjʊləs/ adjectiveadjective: scrupulous(of a person or process) careful, thorough, and extremely attentive to details.”the research has been carried out with scrupulous attention to detail”synonyms:careful, meticulous, painstaking, thorough, assiduous, sedulous, attentive, diligent, conscientious, ultra-careful, punctilious, searching, close, elaborate, minute, studious, rigorous, particular; Morereligious, strict;pedantic, fussy”the research has been carried out with scrupulous attention to detail”antonyms:careless, slapdashvery concerned to avoid doing wrong.“she’s too scrupulous to have an affair with a married man”
I’ve extra highlighted the most obvious observation, but will add ” very concerned about admitting you have done wrong.”
When Christ spoke of the Woes of the Pharisees don’t you think that is what your club is experiencing by being so scrupulous?
Go on admit it, a great wrong was done to Scottish football by your club. It broke the trust on which the sport depends to be a sport.
Get it off your collective chests and join the rest of us honest hypocrites and find out there is nothing to fear and lots to love.
slimjimJune 15, 2018 at 16:52 (Edit)
Was that Hamilton draw the season before last? Blimey.
I note that Phil Mac is up to his usual and providing everyone with some detailed numbers regarding wages and the likes down Ibrox way.
Never wholly sure how close he is to the mark but we know that in the past there has been a habit of paying over the odds for limited talent.
The latest stab at Gerrard’s salary is over £3m per annum.
Maybe the boy is not as daft as we think.
He takes the cash, gets to play football manager for a bit to see how he fairs and if it all hits the fan he can blame it on lack of money, boardroom squabbles etc etc and goes back down to Engerland saying Scotland’s a pub league.
EASYJAMBO
JUNE 15, 2018 at 13:37
The fact that it is “only” £1m also suggests that Club 1872 hasn’t secured further funding in the form of a loan to maintain or enhance their share of RIFC, unless that “investment” is to come at a later stage.
=============================
If I remember correctly the plan was 5% of donations going to administration and the other 95% split between shares and “projects”, I am happy to be corrected on that.
It would appear that the £1m available for shares includes the money intended for “projects” and that they are calling the share purchase a “project”.
It all just seems a bit disingenuous to me.
slimjimJune 15, 2018 at 10:59
Re – SPFL Fixtures. Aberdeen at Pittodrie. Damm that Masonic computer
Surely you did not expect the second best team to be drawn away to a new club. Natrual order will never be the same, after the death, the small minded 2 and half badge bowling club masons days are numbered, the days of the social club meetings are dwindling as is the scratch my back mentality, mason who are self employed would rather employ cheap eastern european labour than be out of pocket to staunch willie scratchers.
Intel and AMD do not do masonic computers a computers internet handshake protocol is not the same as a masons protocol.
AULDHEID
JUNE 15, 2018 at 17:23
Five of the people who thought it was legitimate tax avoidance ….
===============================================
In the spirit of JC’s stated position and not just letting things go … there is no such thing as legitimate tax avoidance.
If its legitimate then it is tax management, not tax avoidance.
AULDHEIDJUNE 15, 2018 at 17:26
slimjimJune 15, 2018 at 16:52 (Edit)
Was that Hamilton draw the season before last? Blimey.
——————
How time flies. This from 6 years ago today(see pic)
How it was reported at the time. Charles Green,i would never sack Ally.
—–
We know from the CW trial that Ally McCoist’s had a “golden contract”
—–
there was a penalty clause put into his contract that said if he did not become manager when Smith left, the club was going to have to pay him an “enormous” amount of money.
——–
Maybe with Ally’s “golden contract” the club would have to pay him an “enormous” amount of money.to sack him.And CG never had that amount of cash to get rid off him
HOMUNCULUS 18.14
Whilst your figures are correct, there was also of course the option that money intended for “projects” could be allocated to the purchasing of shares should the membership so wish.
AULDHEID 17.26.
Indeed it was.
I have come to the conclusion Lee Wallace is Phil Macs source.
I mean he even knows what’s on the menu at The Hummin Training Zentrum?
Are all the ‘Recent Posts’ closed to further comments? I’ve got a lovely post but it doesn’t fit on here or the forums.
Was in a bar watching Portugal v Spain and afterwards took some stick as we got relegated ,as well as Malaga . Much fun . The mood changed when an innocent guy asked a guy with a five-star tattoo about their relegation . There are people walking among us who are without class .
Paddy, you have a PM pal.
I write in hope; admittedly my research is tired this evening having read very little of the goings on. Q. Do the MSSM have anyone in Russia? There’s 7 SPFL players out there (according to research). The award winning radio based dependent doesn’t appear to be, if his twitter account is anything to go by. Spiers is busy punting his evening with Judy Murray and no doubt glued to the golf. A quick glance at the Herald doesn’t reveal too much either. I’ll happily stand corrected if Tam & Stuart tune in from Moscow tomorrow.
In Scotland, it’s far more important that we can download all the reports from Mexico of the goings on of Sevco loanees buying 6 packs at the local Supermercado whilst blowing their nose on the company attire.
Good luck to all 7. Hopefully one or two will promote our game.
Club
====
Incorporation as a CLG
Process for incorporation
=====================
……..Once the undertaking of the unincorporated association has been transferred to the company, steps would be taken to dissolve the unincorporate association.unincorporated
Stifflersmom,
It’s a well known fact with the people I drink with, that Messi & Ronaldo want to finish their career’s at Glasgow Celtic.
So don’t be so hard on the Scottish media if some of them were at the Portugal game tonight.
Jimbo, if you believe that, I think, like me, tonight you’re an IPA sympathiser. Or perhaps it’s the Tempranillo!
Glasgow School of Art on fire again. Tragic.
SLIMJIM
JUNE 15, 2018 at 19:15
HOMUNCULUS 18.14Whilst your figures are correct, there was also of course the option that money intended for “projects” could be allocated to the purchasing of shares should the membership so wish.
========================================
Absolutely, and as I have said if that’s what the people want to be done with their money then I have no issue with it.
I still think its disingenuous but that’s only my opinion.
If I’m entirely honest I quite enjoy the fact that the club has to go to the fans for money intended for “projects” just to have enough to pay the bills. Its the corporate equivalent of someone taking money from the holiday fund jar to pay the electricity bill.
Why would a supporter of any other club not like that.
Club 1872 are ready to pump £1mill into a share issue.Dave king hopes to raise £6mill in the coming months(reported today)
Is this saying there will be no share issue for a couple of months?
Will the share issue take place after the transfer window closes?Or once the new season has started?
Or will it not take place for a couple of months because of king’s issues with TOP?
CLUSTER ONE
JUNE 16, 2018 at 11:12
Club 1872 are ready to pump £1mill into a share issue.Dave king hopes to raise £6mill in the coming months(reported today).
==================================
So who does he plan on selling.
HOMUNCULUSJUNE 16, 2018 at 11:15
So who does he plan on selling.
—————–
e-Bay.
ok i’ll get my coat
HOMUNCULUS 09.06
Not sure how it can be described as disingenuous when it’s clearly mentioned on the website and also has to be approved by the membership.
I was in favour of the VAR system when it was brought in, but for me the World Cup is showing that in some cases it simply adds another layer of controversy. On balance though it’s probably bound to get more things right than wrong. Can’t see the SFA ever wanting it mind you!
“I had a chat with Lee and said first and foremost I need him fit and available and we need the issue resolved and then look him in the eye and say ‘Are you ready to go?’
SG discussing Lee Wallace’s, ahem, situation.
⭐️⭐️⭐️
SLIMJIM
JUNE 16, 2018 at 15:21
=========================================
It’s just my opinion, I thought I made that clear. I didn’t post it as a fact.
“I still think its disingenuous but that’s only my opinion.”
This is also what is says on the website.
http://club1872.co.uk/projects/
Club 1872 Projects
The projects which can be undertaken by Club 1872 are limitless as long as they benefit Rangers FC and the Rangers community.
The vision is to utilise some of the funds raised through supporter donations to improve every aspect of the experience of supporting Rangers. There is a realisation that whilst increasing supporter ownership in the club is a key principle of Club 1872, it is not a shared priority for all supporters. These supporters can now participate knowing that the focus is not solely on increasing shareholding.
Projects that have been mooted previously include:
Completion of a fan zone around Ibrox to provide better facilities for match going supporters
A club museum
Improvements and renovations to Ibrox itself (including investigation into safe standing)
Investment in youth development
Purchasing Ibrox or otherwise securing our iconic home for supporters.
This is by no means an exhaustive list and members will be regularly encouraged to put forward suggestions. All projects will be formally scoped and costed and subject to member vote at all times.
AND
How is my donation used?
When you donate to Club 1872 you can choose whether your donations are used to support projects or to acquire shares in Rangers International Football Club PLC (the parent company of the company that owns Rangers Football Club).
You will do so when creating your profile. If you don’t specify a choice, your donation will be split evenly between projects and shares. Donations are collected by Club 1872 Shares Community Interest Company and will then be distributed as follows:
5% will be paid to Club 1872 Limited to meet administrative and marketing expenses,All amounts allocated to shares will be retained by Club 1872 Shares Community Interest Company and all amounts allocated to projects will be paid to Club 1872 Projects CIC.
Payments will be distributed monthly.
In respect of payments to Club 1872 Limited and the Projects CIC, Club 1872 Shares Community Interest Company is acting as collection agent only. All future donations from persons signing up from Rangers First and the Rangers Supporters Trust will, after deduction of the expenses to be paid to Club 1872 Limited, be split 50:50 between shares and projects unless the person signing up indicates a contrary preference when completing their profile.
======================================================
If you do not think that using all of the money on buying shares is disingenuous after posting that on the website fair enough. I do.
slimjim
Disingenuous is perhaps not the right word the whole 1872 seems to have failed to account for continuing mayhem in the running of the Ibrox entity as it becomes increasingly unsustainable. Effectively they are to pay money which will disappear into a very deep hole in return for shares which are worth only what an emotional purchaser will be prepared today. Ownership of these shares is not a step towards some influence in the boardroom.
There seems to be no recognition that a lot of the recent activity of D King are appeals to the lowest common denominator whether that is the rabble rousing statements or general encouragement of the WATP mentality among other things. There seems to be no asking Why- and without that the criminal will do what he does.
BFBPUZZLED
JUNE 16, 2018 at 17:04
slimjim
Disingenuous is perhaps not the right word …
=======================================
I beg to differ, please see my last taken directly from their website.
If one takes disingenuous in the same way the Collins does
“Someone who is disingenuous is slightly dishonest and insincere in what they say”
Or dictionary.com.
“lacking in frankness, candor, or sincerity; falsely or hypocritically ingenuous; insincere”
I think it is exactly the right word.
HOMUNCULUS 16.56
It also states the following.
http://club1872.co.uk/about/where-your-money-goes/
If this option was hidden away in the small print or no membership vote being required then i would find it unacceptable, however this is not the case so i don’t have a problem with monies being allocated as deemed fit by those who contribute.
SLIMJIM
JUNE 16, 2018 at 18:09
===================================
I have no problem with it either. I just think the way Rangers and Club 1872 have acted is disingenuous. You disagree, no problem.
As I said earlier, let’s see how much money other people put in buying shares, or even converting loans to equity.
Given the rush to get the agreement from Club 1872 to put the £1m in I can only assume that the share issue is imminent.
Just out of interest, from your link, and in relation to the “projects” section.
“It is not envisaged that these funds would be provided to Rangers for general working capital purposes but rather they would be provided for defined purposes laid out and voted on by the members.”
That’s kind of what’s happening, albeit through a share purchase.
Circular discussion time, I’ve stated my position, I won’t bore the blog with it any further.
How is my donation used?
When you donate to Club 1872 you can choose whether your donations are used to support projects or to acquire shares in Rangers International Football Club PLC (the parent company of the company that owns Rangers Football Club).
——————————————
acquire shares in Rangers International Football Club PLC (the parent company)
Ok i get that
(the parent company of the company that owns Rangers Football Club).
Ok. the parent company is RIFC (Rangers International Football Club PLC As staded above)
—-
Are they saying the parent company (RIFC) Is the parent of a company that owns Rangers football club?
If so who is this parent and what are they called?
And why don’t they just name the parent of the company that owns Rangers Football Club who has a parent that is called RIFC PLC.
When you donate to Club 1872 you can choose whether your donations are used to support projects or to acquire shares in Rangers International Football Club PLC
————–
Are they saying that most of the fans over 90% i believe chose their donations to be used to acquire shares in RIFC And only a small percentage wanted their donations to be used to support other projects that included.
a fan zone around Ibrox.
A club museum.
Improvements to Ibrox.
renovation (including investigation into safe standing)
Investment in youth development.
Purchasing Ibrox.
————
Can we see any more information on this vote?
Are they saying most of the fans would rather buy shares in RIFC than donate to a
a fan zone around Ibrox.
A club museum.
Improvements to Ibrox.
renovation (including investigation into safe standing)
Investment in youth development.
Purchasing Ibrox.
——–
That i find very hard to believe,even the most gullible would want to see a breakdown of the vote,
Mr king was all about transparency i believe.
Ps hat tip to HOMUNCULUSJUNE 16, 2018 at 16:56
as i borrowed much of his post to use in my post.
ClusterOne, the shares the supporters are ‘investing’ in are in Rangers International Football Club (RIFC), the parent company, occasionally described as the holding company, of the company (TRFC) that apparently owns and operates the football club. As I understand it, RIFC’s sole purpose is to hold shares in a football club, otherwise it would not exist.
So to be absolutely clear, supporters are not investing in a football club, but a corporate body twice removed from the precious immortal ethereal floating club thingy that has no legal personality but which attracts fifty thousand to Ibrox for most home league games.
To my untrained eye, not only are they not ‘investing’ in the ‘football club’, but they are handing millions of pounds to a convicted criminal and serial liar who played a significant part in the demise of the original club in the lead up to its self-inflicted death.
You have to wonder who the duped will blame this time round when it all goes pear-shaped again, as it inevitably will.
I’m sure the football authorities will be keeping a close watch. There’s nothing to worry about.
Ex LudoJune 16, 2018 at 21:55
I’m sure the football authorities will be keeping a close watch. There’s nothing to worry about.
I am sure the club have sorted this and ok’d it.
Ex LudoJune 16, 2018 at 21:55 ‘..I’m sure the football authorities will be keeping a close watch. There’s nothing to worry about’
__________________________
Seriously, Ex Ludo, the worrying thing is that they are watching, but the will to act firmly with King’s nonsense is totally lacking.
But even if they had the will to do the right thing in relation to the ‘Big Lie’ , they have so far sold their souls into submission to the wills and wishes of chancers like SDM, CG and DCK as already to have lost any moral authority.
SDM got away with cheating for a decade or more in circumstances which the SFA will not allow to be fully and openly investigated;
CG had them by the short and whatevers, leaving them prostituted to a lie;
and King has made a mockery of the ‘rules’ regarding the requirement of directors to be ‘fit and proper’.
It seems to me that our Football Authorities are now in the same situation as Macbeth: they have not the moral courage to row back from what they have done, confess their guilt, and make amends.
They therefore are compelled to slug it out , adding more and more support to the Big Lie, in the vain hope of sustaining it.
And being aided in the process by the SMSM.
But, of course, the whole rotting mass has to fall ,eventually, to the invincible power of simple Truth.
There is absolutely no getting away from it: TRFC Ltd is not, cannot possibly be, and cannot be made to be, RFC (IL), huff and puff and lie as the SFA and the SMSM might!
The passage of time is not going to change that, any more than the passage of time changed Nazi war criminals into decent human beings.
The Third Reich lasted 12 years, before its fall and the death of the angels of death and destruction who were at its core.
The Big Lie has lasted 6 years so far.
But its fall will inevitably come: and decent people involved in the sport/business of Scottish Football will realise that the game is bogey unless the wrong is righted.
bigboab1916June 16, 2018 at 23:00
‘…Attachment.’
____________________
That’s getting on for being a very clever piece of work, bigboab, that ‘Private Eye’ would have been proud of!