Congratulations to The Kano Foundation for their magnificent fifth annual charity dinner on Saturday. The Kano story is beyond incredible and a credit to those who call ourselves Celtic fans – whether you are involved with them or not.
Well done also to everyone who participated in the Celtic Foundation Zip Slide across Celtic Park on Saturday, in aid of children’s’ charities. It was exhilarating and is sure to be repeated. A weekend without Celtic and hundreds of Celtic fans get stuck into our reason for being.
They can blame the last guys for the lack of commercial revenue streams, or for paying incompetent coaches too much money. They can even blame them for over-ambition when it came to funding the playing squad, but for all of its short corporate life, Rangers International PLC’s previous board members have been able to produce accounts on time and all received approval from authorised nominated advisers.
If the new board members are unable to deliver a nominated adviser, blaming the old board, as one newspaper tried today: “largely because of the scorched earth policy implemented by the previous board in the last days of the Mike Ashley empire – they must do so before the City shuts down for the Easter holiday”, would be both dishonest and a very worrying (for some) departure from a company which seeks to build its corporate reputation.
This entire question should be moot. Mike Ashely didn’t need to be on the newco board to exert the control he needed with an 8% share and neither would Dave King. King could easily take a back seat and appoint trusted men of stature who would breeze the nomad requirements. We can only speculate as to why King NEEDS to be on the board, and don’t count on anyone who can get close enough to King, or his PR, asking this question. The entire uncertainty is an unnecessary nonsense.
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BGX,
I think they do it for love, but ye never know :O).
Hail Hail.
Fred C. Dobbs
00:23 on
31 March, 2015
Hutton ffs!!! That’s what our media can do.
Hail Hail.
I am sorry.I dont think Liverpool signed him on reports from the Daily Record.
On Hutton,at the time I thought he was the Huns best player.Big,strong running bassa.
Re Hutton,
Not so much now.
I think the deal that took Alan Hutton to Tottenham Hotspur was particularly ‘clouded’ even for Rangers as it was connected with ENIC who had a controlling interest in the deceased club, and Spurs at the time.
I doubt that there is any evidence whatsoever that 9 million of the alleged transfer money actually physically changed hands.
Not even if they’d used the Keith Jackson calculator.
Anyway,enough of this idle banter.Off to my scratcher to dream about,no Nomads,new Celtic CHs,and a glimmer of better weather tomorrow.
I bid you all a good night chaps.
BSR
Mutton chops was never sold for £9m. Suited Spurs and Hun PR at the time to state that fee.
Hi ghuys. Usual awkward self. There’s word of an Elgin expedition to Paisley on Friday night. Anyone got recommendations for a pre-match watering hole. Danny Wilson Nae bother. Would have to get fitter, like anyone else who joins us. Liam off on loan. I always worry in a way when good young prospects like Liam go out on loan. They seldom return as 1st teamers. Give the Bhoy his chance with Injuries and suspensions imminent.
HH
Just heard a bizarre thing. BBC WS. American guy discussing international development says “I’m a Glasgow Keltic fan”
I see our congenial host, Paul67, is doing some moonlighting as a virtual shepherd.
Admittedly, he has plenty of experience herding a bunch of cats.
http://www.bbc.com/news/technology-32121702
Bournesouprecipe
If you take the Hutton money out of the calculation of how much they spent in 2008 to build the 3iar team then the £10m net spend rises to around £18m.
The total spend was around £29m. The assumption is they must have got something for Hutton to cover the arithmetical difference.
The tax bills arrived Feb to April 2008.
Dunno if there’s any truth in the Danny Wilson story but what we do know is RD likes his central defenders to play the ball out from the back,DW from the little I’ve seen of him seems to be that type of CH,as for LH going out on loan if RD thinks it’s a good thing that’s good enough for me,we’ve got plenty of midfield cover, in Ronny we trust
HH
To add to the midfield cover Tom Rogic returned to the development side in their 2-0 win against Motherwell. He lasted the first half.
http://www.celticfc.net/news/7939
Morning, not good morning from me, got the man flu and weather atrocious in auld Ayrshire.
Alan Hutton, Danny Wilson, two superstar’s in their day…..!
Paper talk again that’s another year passed I haven’t bought one.
Ayrshire is Green and White
Good morning friends from East KIlbride where a night of howling wind and rain and runaway wheelie bins has now given way to a clear skied, dry but still pretty breezy morning.
BGX
00:25 on 31 March, 2015
FRED C DOBBS…with maybe a little thankyou to SMSM via an under the table envelope….
_________________________________________________________________________
The ‘only’ memeber of the media to ‘question’ the Hutton valuation was…Gerry McNee(hunskelper extraordinaire)…this happened during the Scotsport highlights of…Rangers 0-3 Porto in the CL as, the huns were knocked oot the CL and dropped into the Uefa Cup on their way to wrecking Manchester.
Anyway…McNee was in the studio and…I’m no sure if it was, Andy Walker?…Fraser Whishart?…Mark Hateley?…McNee said -“The folk who value Hutton at £10mill really need to take a good look at themselves.”
McNee was the only one who put the boot into – Walter / Murray / huns fans on a weekly basis…since he hung up his pen…the SMSM has been…wall to wall Rangers pornography served up as sports news…Hugh Keevins remains…and, when he chucks SSB…that show will go the same way as the Real Radio phone-in….imho
Sack The Boardroom Collusion…or, stay at the back of the bus.
………oot.
Interesting reading from the Stock Exchange.
There are some questions to be asked here.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12299859.html
Stunning clear start to the day in dunblane. Hard to believe it’s forecast heavy snow and 40mph winds by teatime!
Thought Wilson looked excellent when he started playing for the FOD and was glad he left.
Like Henderson a lot and sorry not to have seen him getting more game time. Perhaps a wee 3 month soujourn does that and gets him raring to go for 15-16.
HH JamesGang
BRTH
I’m a simple historian to trade and have no accountancy skills. I did read the following with keen interest…..
Emphasis of matter – going concern
In forming our review conclusion on the financial statements, which is not modified, we have considered the adequacy of the disclosure made in note 1 of the financial statements concerning the company’s ability to continue as a going concern.
These conditions, along with the details provided in note 2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company’s ability to continue as a going concern. The interim financial statements do not include adjustments that would result if the company was unable to continue as a going concern.
Emphasis of matter – uncertainty in respect of possible litigation
In forming our review conclusion on the financial statements, which again is not modified, we have considered the adequacy of disclosure made in note 16 to the financial statements in respect of the uncertain outcome of the potential litigation claim following the letters received as detailed in note 16.
The company is satisfied through formal investigations as detailed in note 16 that the allegations have no legal merit. Since 30 May 2013 the company has had no communication from Mr. Whyte and Earley or from their legal team. Ultimately, the final outcome of this matter cannot be reliably determined and as a result the interim financial statements do not include any adjustments in respect of this matter.
HH JamesGang
Thinking about Liam Henderson and his potential loan deal
Now we all seeLiam as a midfielder – Yes
Anyone think he could be converted to play a sweeper type role ( right hand side centre half) as a replacement for Denayer ?
Would take a bit of coaching, but possible ?
Oh gooooodmorning CQN :-)
Mixed opinions on here regarding Henderson, maybe regular games will do him good though I personally would like to see him get them with us. Wonder what the boy feels about the situation himself ? Big move for a youngster to uproot and go to Norway, hope it all goes to plan as he’s a great prospect.
HH
billbear
12:52 on 30 March, 2015
I’ll probably get banned off of this site cause you only want to talk about Celli, but Scottish football is about more clubs than just yours.
I have read a lot of you guys this weekend as my mate blogs on here, and thought it was about time you got another point of view.
Cellic are playing well but the treble wont happen, not a chance.
Rangers will get stronger very quickly, and you wont have it all your own way for long, so enjoy it while it lasts.
——————————————————
I’ve said it before, and I’ll say it again:
Dogs may bark but the caravan rolls on…
GIRFUYs.
HH.
Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma @ 07:28
The problem we have is that you and I know that nobody will ask those questions. The SFA do what they do best and search for options to offer basic life support to this wretched entity and the msm will bury the fact of the ‘material uncertainty’ that surrounds Sevco’s survival.
Good morning from a blustery north staffs – just surveying the damage around the garden from last nights strong wind – doesn’t look like the bird table survived unscathed.
brth
the words questions and sevco are mutually exclusive as far as the msm is concerned
BRTH,
If I am reading those right then IF they get promotion through the play off then they need to pay an additional £0.5m to Newcastle Utd !! Ha, ha.
Hermes
Cowiebhoy
Interesting. He could. Henderson’s style and gait seem almost languid compared to denayer’s buzz bomb zipping all around the centre of defence.
I see Henderson and brown playing similar roles to one another. And Armstrong and Johanssen also offer similar inputs. Mibbee we need 2 good Ghuys for each of these positions given the pace and tempo they’re expected to maintain?
HH JamesGang
Blog blag……
Anyone got a wee spare for Friday night’s game?
CQN booking fee of a pint would naturally be applied!
HH JamesGang
Morning all.
Last post lost in cyberspace.
Has Celtic started offering tickets for the semi-final?
hermes
And apparently the prize for coming 2nd is only £342k.
So finish runners up and lose another £158k for doing so……
Woops!
HH JamesGang
jamesgang,
Fantastic. You couldn’t make up this stuff!
The gift that keeps giving!
hermes
As Barcabhoy has just tweeted…….
@Barcabhoy1: I have read hundreds of annual & interim reports. Paul Murray’s statement is as full of BS as any . We are now back in #hoverpitch territory
Right. Arr in gla. Laters timdom.
HH JamesGang
I thought Celtic should have taken Danny Wilson at the end of last season when his short term contract at hearts ran out. But I suppose a season in the most competitive league in the world won’t have done him any harm and he has also captained a team to a stroll in the league
So it’s a yes for me
Weefrathetim
Hope all is well with you after last nights gales
Take care
Can someone clarify the nufc / sevco loan deals
Was it £5k a week for each player or for all 5 players
Rangers Int F.C. PLC RFC Interim Results
Rangers Int F.C. PLC (RFC) – Interim Results
RNS Number : 9220I
Rangers Int. Football Club PLC
31 March 2015
31 March 2015
Rangers International Football Club plc
(“Rangers” or the “Company”)
Interim Results
Rangers International Football Club plc (AIM:RFC), the holding company for the Scottish football Club ‘Rangers’, is pleased to announce interim results for the six month period to 31 December 2014.
Operational Highlights
· Season ticket sales of 24,589 at period-end
· Average home league attendance of 32,321 during the period; thirteenth highest UK football attendance
· Semi-finalist for QTS Scottish League Cup and Petrofac Training Cup
· Currently placed 3rd in Championship and in play-off spot
Financial Highlights
· Revenue of £13.1m
· Operating expenses of £16.1m
· Profit on disposal of player registrations of £0.2m
· Loss before finance costs of £2.6m
· Finance leases of £0.7m at 31 December 2014
Paul Murray, Interim Chairman of Rangers, commented
“These results are historical and relate to a period before the new Board took office. I wish to draw shareholders’ attention to the fact that these interim results have been reviewed by Jeffreys Henry LLP. I have been informed by Deloitte, the existing auditor, that they informed the previous Board of their intention to resign following the June 2014 audit. The previous Board chose not to announce this nor did they find a replacement for Deloitte. With limited time to have these results reviewed the Board asked Jeffreys Henry to perform the exercise as Independent Reporting Accountants, not auditors. They have previously carried out work for the Club and therefore know the finance functions well. The Board will make a further announcement on this subject once we have found a replacement firm for Deloitte.
The new Board’s focus is on the future. We are in the process of developing a business and funding plan which will help us rebuild the Club and ensure it enjoys football and commercial success in the future. We will work closely with our shareholders, supporters and other stakeholders to achieve our vision of building a modern football Club founded on our traditional values and standards. The recovery process will take time but if we work closely together we are confident of success.”
For further information please contact:
Rangers International Football Club plc
http://www.rangers.co.uk
Paul Murray
Tel: 020 7148 6143
Newgate
Roddy Watt
Tel: 020 7148 6143
Rangers owe Newcastle 500k if they get promoted
Paul Murray Interim Statement : “A big boy did it and ran away!”
Tambo
We are never goin to agree on this subject so let’s leave it parked
Like Sevcos super bus
JamesGang
Yup I see what you are saying, but there is much much more in there in my opinion.
Later I will try and go through it and highlight some of the questions that jump out at me but for starters the oul brain screams about what is being said and what is not being said.
Remember that this is a stock exchange statement, a regulated body, where transparency and financial and ethical propriety and clarity and required for continued membership under the watchful eye of a nomad.
As at the date of the releasing of this statement there is no nomad and there has never been any nomad during the period of Paul Murray’s tenure with this company.
So who, if anyone, cast an eye over the contents of this statement and the documentation which backs it up?
Going further, the statement is of no merit whatsoever if the company is delisted from the exchange in the next two weeks if there is no nomad in place within the statutory period.
At that stage what you have is a private ltd company with no auditor and no audited financial statements — and instead what you get is a private ltd company with interim financials showing a trading loss which the statement says the directors are confident they can trade out of over a seven — yes SEVEN — year period.
There is also no detail about where any new finance is coming from or who is providing it or how much is being provided or on what terms?
In the event or dergegulation that will all remain private.
However, of greatest significance is the statement about who and what Rangers are, why AIMS investors should invest in the current club which is paraded as being the dominant club in Scotland in historic terms.
Whilst not for the moment, everything within me says that this is a loose legal statement and to be honest it is one which is wholly unnecessary in this context and in this forum.
If I were giving legal advice to this company and such a draft statement were run by me, I would honestly be asking ” do you really want to say that?” because if you do and it is challenged, commented on or whatever and you are forced to qualify or retract it — then in the eyes of your own market, shareholders, customers and so on you are knackered.
When making any public statement the best legal example comes from the case of Oscar Wilde v the Marquis of Queensbury where Wilde sued for libel when Queensbury called him out as a homosexual ( he actually used worse language ).
There is no doubt that Wilde was right on moral grounds, on ethical grounds, and in every way except one and that was that at the time technically it was still illegal to be homosexual and it was an offence according to the law of the land.
He lost the libel case as it was not fought on the grounds he and his team thought it would be. The question for the court was simple – Was he homosexual or not – yes or no?
In the end, Queensbury’s reputation was damaged and if I remember correctly he was forced to pay damages of one penny.
However, Oscar was found by the court to be a practising homeosexual and as such was breaking the law and the law had to be seen to be applied without grace or favour.
The result was trial, conviction, two years in Reading Jail, ignominy, financial ruin, ill health, ostracisation and exile to France upon release, and irreparable damage to his lifestyle and standing during the remainder of his life.
Lesson:
Never make a public or private statement unless you are prepared to back it up in a court of law and take responsibility for the legal consequences of the statement made.
And never start a legal process unless you can and are prepared to live with the legal consequences of that process in the event that you either lose or that a court places a different interpretation on matters than the one you intended.
In this case, there is much in that Rangers statement that is questionable and has consequences for investors, employees, former directors, and everyone involved in Scottish Football.
Having just come in the door, I would have advised Paul Murray to say what had to be said to be compliant and very little else.
Clearly, others have a different view and a different agenda and the question for me is:
Why say all of that when it is not necessary?
The only answer can be that the company will not be a member of AIMS in a couple of weeks and the truth or otherwise of what is stated here does not matter a damn.
Or so they think.