So the chief executive of the appellate body awaiting a decision to appeal says, “It’s crucial with league reconstruction being such an important issue for the game that we now draw a line under what’s happened”.
According to the SPL Commission the president of that same appellate body was one of the “directors of Oldco [which]must bear a heavy responsibility” for what happened.
Responsibility, however, is an unnecessary concept for the chief executive of the appellate body, who told the media “It’s not about trying to find scapegoats to take responsibility for what’s happened in the last 12 months.”
Note use of language, those responsible are now “scapegoats”.
Scapegoat, def: A person or group made to bear the blame for others or to suffer in their place.
Let’s not look for scapegoats. Instead let’s stick to who Lord Nimmo Smith’s Commision blame, “the directors of Oldco”. Including the appellate body’s president.
The appellate body is unfit as an appellate body and as a football association. SPL clubs must look for a new playing environment. Let the SFA and SFL run the grassroots game. They appear to want this anyway and I am sure SPL clubs will flourish when no longer restricted to opposition from Scotland.
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Good morning CQNers,
Nothing less that a root and branch reform of the SFA should be accepted and I’m pleased to see moves are afoot to harness the support of all Scottish bampot supporters in an attempt to bring them to book.
This isn’t over yet.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11506139
Sevco accounts
Morning all. Overcast down here in North Ayrshire once again.
Hoping this week sees us get some sort of justice against the cheats, starting with Juventus, then Ogilvie, Bryson , Longmuir and all the others who connived to destroy Scottish football to benefit thon deid team.
Douglas Fraser@BBCDouglsFraser
#Rangers’ owner reports on 7 month to Dec: revenue £9.5m, operating costs £16.6m. Expects loss this year #rfc
LIONROARS67
Intangible assets of £20m?
Is that his valuation of the playing squad?
“Nurse,nurse!!!”
Very interesting, no?
http://rangers.g3dhosting.com/regulatory_news_article/296
miki67,
Don’t know what to say except thanks. God bless you and your loved ones.
Can anyone who understands these things please analyse sevco’s accounts?
First time poster..long time lurker..3years or more..love this blogg as its a cruicial part of my daily life(sado)..miki67 lovely post earlier and i hope you keep posting and God gives you strengh…i hope some of us can use your courage to keep fighting for some kind of justice and transparency for the game we love..i hope the new spl fans united blog is a big step in that fight..we all need to stand shoulder to shoulder and fight on as our fathers would demand..h.h
Whether you believe all the made-up p!sh that is in these accounts or not the bottom line is the one that counts. They are currently losing £1million per month :-)
TOMMYSBHOY
Welcome aboard,mate.
How did you manage to stay silent for three years?
So a basket case that will require spl level income to break even. That’s before the spivs are paid back.
I have no doubts that the plan is to see them back in the top division next season regardless of the cost to the game.
Re zombies’ accounts:
Explaining that Deloitte state: “A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures.
“A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.”
That statement renders the remainder of the accounts as subjective and open to interpretation in various ways.
Operating losses of £1m a month will obviously concern investors with the reported share issue of £20.5m described as non recurring.
Miki67
Keep that keyboard handy. Total respect.
EC67
https://www.gov.uk/government/news/juventus-vs-celtic-travel-advice
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS
08:29 on
4 March, 2013
LIONROARS67
Intangible assets of £20m?
Is that his valuation of the playing squad?
“Nurse,nurse!!!”
Morning BMCUW
Yes losing money, against over-inflated assets
deja vu…………….
Brady@HarryBradyCU
It will be interesting to see what happens in Glasgow next season with season book prices. CL team cheaper than bottom tier team?
‘· On 11 May 2012, Imran Ahmad, a director of RFCL, provided a loan of £200,000. £ 178,000 was repaid on 15 August 2012 and £22,000 was converted into ordinary share capital of RFCL. Imran Ahmad also received an arrangement fee of £50,000 relating to this loan.’
£50,000 fee for arranging a loan of £200,000 which was repaid within 3 months?
Well played Mr Ahmad.
No wonder they’re running at a loss of £1m a month.
It would appear, after reading these ‘accounts’, that unlike fat Sally his £10million war-chest will be losing a pounds.
Has their share price reacted to the presentation of these figures?
miki67
02:06 on 4 March, 2013
—————————
Miki
A post full of humanity and dignity.
Miki 67.
Just read your post, god bless you in your time of need.
Hail Hail to a good man.
Miki 67 hail! hail! a true inspiration to think of others at this time.
Now I hate to say this but The Orcs have played a cute game. The silence before the LNS report spoke volumes. they knew the fix was in and decided to play it low key , except CG who could not stop playing the blunt Yorkshire man role, anyone else getting tired of it?
Now the real fixers get to work, Regan ( clinging to power) will isolate Doncaster and do a deal with the SFL/SFA to push through 12-12-18 ,with strings attached. Guess where the strings lead?
Over the next 3 weeks we will see/hear all about the Stranraer precedent, did any of us know of it? IMO only SFA/SFL office bearers were aware of it ,but they kept it up their cuff well. Watch and see how the Scottish Football can only be saved if RFC are back in the big time.
What are we going to do about it ? Remember the new SPL voting rules.
“on what a tangled web we weave, when first we practise to deceive”
Sevco accounts £6.4m income from 38,000 season ticket holders- under £170 average season ticket price.
Miki67- A very brave post, an inspiration to us all. Life is so short and so fragile. HH
Celtic Football Club.Should give notice to S P L, S F A and Sky Sports,that we intend to terminate our tv contract. also we will refuse to play against Sevco ,when they come back up to the S P L.,also celtic try and do a deal with AL Jazerra to show all of our games on there network.has anybody else got ideas,and i will renew my season ticket ,
miki 67
I have many hopes for you.
Firstly, I want you to fully enjoy whatever span of life remains open to you.
And secondly, I’d like an occasional dose of your postings on CQN when you have a moment.
Hail Hail miki 67
A Son Of Dan
“Looks like Lubo has the perfect response to the ones who state they wont be back at Celtic Park.”
As one of those who may not be renewing next year, I will continue to have the same emotions as Lubo and do not feel that he has issued any riposte to me or others with like minded views, despite your appropriation of his comments..
It’s just that, like Lubo, I may not be there every 2nd week.
Ernie lynch @ 08:46 ,
Not only the 50k arrangement fee . 22k converted into shares @ 1p each. = 2.2m shares . What’s the current share price.?
Waiting for the gurus to analyse these and tell us thickos what they actually mean.
Sanna
Can anyone enlighten me as to the following statement from Sevco’s non-audited accounts:-
“Undertaking of debts of former Rangers Football Club plc of £2.8m (£251,000 remains to be paid in accordance with the terms agreed)”
Does this mean they have paid less than 10% of the football debts they accepted, and which Charles claimed had been “settled” in full?
Ignore my last comment. They appear to be claiming they are 90% paid.
I told yez I ain’t finito…..not yetto ( who remembers ‘Netto’ ?) ….
……..what is all this guff on the media about IMMIGRANTS. We are all immigrants in this country. We ALL come from elsewhere……..except the wee blue picts who came ootae a hole in the bowels of the earth in Alba somewhere.
I’m sick of this xenophobia……there are good and bad in every ethnic group.
The worst barsteward I ever met was a hun from Paisley whose only claim to fame was he sold smack to Jerry Rafferty: a monstrous paedophile who used his ‘film studio’ for drug smuggling and evil porn. This was WAAAAAAY back in the day, and I had the misfortune to cross paths with him. I told you I’m not finished. Scores to be settled . Accounts to be resolved. In time to come, I’ll tell yez the nom de guerre he went by. A monster of a man.
And he was/is? white and Scottish.
(So don’t gie me any crap about Albanians and Romanians, BBC and assorted msm lickspittles…….OKAY OKAY OKAY!)
Anyway, Borat is one top guy…….yes?
“The Immigrant Song” ( Led Zeppelin)
http://www.youtube.com/watch?v=ROLs8M8BjE4&feature=youtube_gdata_player
Help !!!
myself and three Swindon bhoys seeking tickets for the Juve game.
Also, anyone know where to go before the game-
HH
Celtfish
MIKI67 0206. i’ve not posted on the site but have been reading since the very early days (funny how the years pass!!). your words in a strange way bring a smile to a sad face this morning and for that i thank you. take care and god bless.
I can see a bit of momentum gathering regarding the zombies getting fast tracked up the league.
Perfect fuel for the SPLfansunited
Bring it on
Hail Hail miki 67
Good Moning,
some belated thoughts on the Nimmo Smith report.
Sorry but the formatting at the end is banjaxed and all attempts at correcting it on wordpress have proven useless.
Anyway– Lord Nimmo Smith— and the Hare and the Tortoise
http://wp.me/p1G95H-I0
So who is it that’s actually losing 1 million a month for the last seven months ? Is it the debt free club known as Sevco is it the company who runs Sevco or the company who run the company that owns Sevco ???? Answers on a piece of toilet paper as I imagine more sheckt to follow after the spin factory tells us it’s ok we didn’t expect a profit after first year of trading !! Up to their knees in it but this time its not red n White cells !!!!
Oh, btw, the barsteward I mentioned? I got my truly hard brother (r.i.p.) to sort him out.
Schadenfreude…..whit a kicker, eh?
HH!
miki67
02:06 on 4 March, 2013
Yer some man miki. A pleasure (and often an education) to read your posts.