As newco chief executive, Derek Llambias reported to his AGM yesterday, he meets the SFA today to discuss further involvement of Newcastle United owner, Mike Ashley at his club. Ashley is nearing the end of a power-struggle between his faction, which appears to include the Easdale brothers, and pretty-much everyone else who goes to Ibrox, as well as Dave King and other worthies noticeable by their absence when the assets of oldco were to be paid for.
One of this morning’s newspapers appears to suggest SFA board member Peter Lawwell may retire from this meeting on account of him apparently having a conflict of interest, however, I believe this would be extraordinarily unlikely. Peter is no more or less incentive to see business being conducted appropriately than anyone else.
That’s not to say there’s not a conflict of interest. SFA president, Campbell Ogilvie, will also attend the meeting. Ogilvie passed his Rangers shares to his wife when he became an executive director of Hearts. SFA Articles of Association expressly forbids a person from having an influence with one club while “directly or indirectly” being a shareholder in another without the prior written consent of the SFA.
Mr Ogilvie may have attained prior written consent of the SFA on this subject before accepting the Hearts job, but if he did, I don’t see the need to transfer his shares to a family member. This makes Ogilvie look like a tawdry ducker and diver, wholly inappropriate to lead the Association. If I was Llambias I’d challenge Ogilvie the first moment he opened his mouth.
As I said earlier in the week, don’t get too hung up on Ashley’s shareholding. If it proves a stumbling block he could play The Offshore Game and quickly disinvest to an entity based in the British Virgin Islands (seems to be the hot location for these types), the control of which could never be traced to him.
Those hoping the SFA will inhibit Ashley’s land-grab of retail and other rights are also likely to be disappointed. JJB and Wigan Athletic owner Dave Whelan established precedent that he was able to conclude extensive trading contract with other clubs while in charge of Wigan without compromising multi-ownership principles. Ashley can own and exploit all commercial rights of newco.
The key point Ashley will be concerned about in SFA rules is article 13. (3), which forbids persons from having “any power whatsoever to influence the management or administration of another club”.
The rules permit the SFA to grant Ashley permission to increase his shareholding but the phrase “any power whatsoever” is patently clear. Ashley cannot appoint board members or offer loan players.
The Dear Green Place
Yesterday’s uncertainty alarmed many in Glasgow but the reality of the news brought disaster to some. May God help each of them.
There’s always a spring in the step when news of our pal Kano arrives. That changed when I opened the email from Carolyn yesterday to hear Martin was in Intensive Care. We know through his time on the blog that Kano brought vigour and resolve to his life years before his illness struck. If anyone can overcome this, it’s him.
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kdc
21:24 on 23 December, 2014
No ‘media’ allowed at yesterdays agm, shareholders only, yet most of our ‘media’ can give analysis of conduct and comment. Which tells us…….
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Guidi said on SSB tonight, that only shareholding journalists where allowed in…….
Quite a lot then !!
jmccormick
21:26 on 23 December, 2014
Thanks and 100% in agreement of everything you wrote.
….pfayr supports weeoscar
No question about that….probably not his shrewdest decision.
67heaven … i am neil lennon ….the angels are with wee oscar in heaven.. ibrox belongs to the creditors
Only difficult if they’ve been complicit and have no legs left to stand on.
The Glorious Balance Sheet, re Hereford Utd going bust. The English FA have shown the proper way to deal with clubs completely mismanaging their finances.
I posted a few weeks ago a copy of a BBC website article re Salisbury City FC being in administration and a consortium taking over .. They received the same treatment from the FA as Hereford.
The new clubs can not use a name similar to that of the club wound up. Steve Claridge is part of the consortium involved in starting the new club in Salisbury.
….pfayr supports weeoscar
21:29 on 23 December, 2014
67 heaven
What’s difficult about it
Seems that we are supposed to frightened of the bullies lest we slight them
Feck them I say …grind them to dust and the problem disappears
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We’ve shat it, along with the hacks and let the SFA urinate on us from a high height.
Anything now, is shuttin the old stable door as the horse has hurtled half a mile doon the road.
sunny calmachie
20:28 on
23 December, 2014
If you wanted to listen to good Celtic talk and virtually no mention of them, download the spreaker app, search for Hail Hail media,
tonight it is the Homebhoys, fantastic level headed talk about all things Celtic, and it is not a propaganda show.
Plus it’s free and legal. .
———————
seconded bud, its great listening.
i will catch up on them all over the holidays.
gerryfaethebrig
21:08 on 23 December, 2014
Thanks for the e-mail, mind drop me a text.
Keep the Faith!
Hail Hail!
hamiltontim
You are Celtic and I am Celtic as much as or maybe more than they are Celtic. They are paid to speak for Celtic – say nothing and they betray us.
1 Hearts 17 37 47
2 Sevco 17 23 35
3 Hibernian 17 11 28
….and if matters evolve favourably on Saturday”
1 Hearts 18 ? 50
2 Sevco 18 ? 35
3 Hibernian 18 ? 31
Obsessed? I am the same with chocolate. I just czn`t get enough.
Good night all,
JJ
Burghbhoy
20:51 on
23 December, 2014
Auldheid
You are a fair and reasonable man .
You are also very intelligent and have my respect .
I admire your trying to explain the intricacies of how football works .
Maybe I’m a simpleton but I see things in more back and white terms.
Oldco cheated us… We say nowt .
I can give you that explanation now that I mentioned yesterday.
LNS reduced the level of cheating to administrative oversight in his Decision. The SPL met to discuss this decision and you can read what and how went on over a week at
http://www.tsfm.scot/how-not-to-govern-scottish-football/
but to summarise: the SPL Board which included Celtic were told by their lawyer that there was no legal basis for appealing. Thus Celtic had no reason to question LNS at the time. HOWEVER, as the rest of the series of blogs on the matter show the SPFL were supplied with the evidence kept from the SPL and LNS that, had it been provided would have made it impossible for their lawyer to advise the SPL not to appeal LNS as he did. Its all at the link provided.
This point was made to the SPFL lawyer in a subsequent TSFM blog at
http://www.tsfm.scot/harper-macleod-and-lns/
the result of which the withheld evidence has now gone to the SFA Compliance Officer from SPFL lawyers.
Of course there has been no rush by SFA or SPFL to reply but there is another letter going to the SFA on Res12. It would have gone by now but obtaining expert tax advice and then illness to BRTH and my and canalamar’s absence away has delayed things but once it does go all Celtic shareholders will be in a position to demand answers on both issues.
On Res12 it was a matter that affected Celtic only so it was right for shareholders to go to Celtic to pursue to counter the evidence we have that SFA were derelict (and RFC probably lied to UEFA).
On LNS it is an SPFL matter so Celtic had no locus to act, but as result of going to SPFL lawyers the SFA Compliance Officer will have two sets of information presented to him that will require him to respond.
I think it will be at that point we can make up our mind on Celtic’s compliance or guilt based on knowns and not assumptions.
The myth of one club is seemlessly accepted…. We say nowt……The SFA colluded with them.. We say nowt !!!!
No matter the niceties of football.
That to me is the unpalatable truth and as a club we should hang our head in shame
I can see why you think that, indeed it is that feeling of being cheated that drives me , but I hope that having read the foregoing you will see that the fat lady is only clearing her throat
Got to admire Hearts tonight..
..got their ass kicked last year…now 12 points clear of sevco…if they go 15 points clear..they cant be caught…my respect to Budge ..Neilson and Levien…doing right by THEIR club…
goldstar10- I like the way Stephen Thompson sticks up for DU,and fights his corner well
Minis win 2-0 at Cowdenbeath, so 12 pts ahead of SevcoDirect FC, who are away to Hibs on Saturday.
Could be interesting situation points wise at year end. Administration penalty is how many points ??
weeron, Auldheid et al
Search your mind and soul. Our silence will see them back, free to cheat us as they have always done. That’s a certainty.
We are split, some Tims just can’t reconcile the Celtic’s silence with their own moral fibre.
Auldheid seems to be the lone voice in the wilderness so although he doesn’t need it he has my support for his views re the Govan Franchise. No matter what anyone does or says the stain of liquidation will always be there.
Anyway on another subject go and listen to Luca Blooms Innocence. Not really a Christmas song but covers all the bases.
HH
Auldheid
Again, you have my respect.
Back on CQN after major lap top probs T G tho the medication did help!!!
AULDHEID @ 21:37
That is a superb summary of events. I can understand the anger felt by so many but that post should pacify the majority.
Thanks.
JJ
Embramike
Therein lies the question ….
Boxing Day
Arsenal lost 1 in 15 home to QPR
Chelsea ditto WHam, think tight
Man U lost 2/25 home and away to Newcastle
Fancied improved Rotherham as 1X in Yorkshire derby v Huddersfield but they have won only 1 in 26 home and away.
Morecambe have played Carlisle 6 times and drawn 5.
Table topping Wycombe at home to Luton have poor record won 2 from 17 and drawn 7.
On Saturday
St Johnstone have won by 1-0 in their last 3 or 4 matches.
Last 4 at home to Dundee United, 2 wins, 2 draws.
Good Luck.
Also….
B&Q undefeated in last 50 v Beechgrove Rangers.
They will never truly die, just as they will never change. The performance of Referee McLean on Sunday shows that the rotting, bony hand of deadclub has a reach beyond the grave.
cowiebhoy
Thanks, duly listed for inclusion.
HH & Merry Jingle Bells
SFTB
Hardy’s Crest Chardonnay 2014 SE Australia. Tesco (better than) half price. Quaffing a bottle now – excellent!
HH
Auldheid
you are a scholar
HH
Auldheid
21:37 on
23 December, 2014
I do so hope you are right cos this fat lady can’t wait to sign
HH
Without auldheid pushing this where would we be? He really has put in an awesome effort in all of this and we all should be thanking him. Hopefully he and we will eventually get the result we all need, to be able to move forward as one support.
Thank you Auldheid HH!
auldheid
Many thanks for providing that illuminating information .
I hope to goodness that u are correct and indeed the fat lady is only clearing her throat .
Keep doing what u are doing please.
I wish u every success
Hail Hail
Haven’t read back since most of you type shite …but let me get this right…on the Ashley fait accompli..CO is present and PL has recused himself on the SFA/newcastle debacle due to a conflict of interest?
What conflict of interest might that be?
The normal conflict of interest that the Celtic PLC should remain silent on a pro hunnery move?
OMG..P67..how much of an OF supporting scumbag have we all become in the name of Celtic Football Club?
Auldheid
I am sorry
but you have become a patsy
Guys if Hearts win the league as i think they will, and the hun dont get promotion through the playoffs..which i dont think they will..what happens next…do we allow league reconstruction….make no mistake…THIS is the upcomming battle…James Forrest aluded to this a while back….be prepared…coz this is COMING….
Guys n gals
Signing off till after Christmas.
Season’s greetings and blessings to all of the CQN family and your own families.
God Bless
HH jamesgang
winning captains
I’m more interested in them sticking up for our own support.
I think there should have been something said, particularly on the LNS findings, I just never expected it to happen.
dena 29
And a happy new year to you and everyone else.
San Diego Bhoy
Unfortunately when i start on the malt i don’t know if
it’s New Year or New York so better not to post , any way
i probably wouldn’t be able to locate the i pad. lol.
There’s lots of stories in this auld heid from following the
Celts and the memories all come back when some of you
ghuys post something relative.
H.H Mick
jamesgang
Hope you get a new pink shirt
Love and enjoy
Dena29
I’d much rather hear u sing :-)
League recon my Huge Erchie. No chance . Some bhoys n ghirls getting taken in by ???
….PFayr supports WeeOscar @ 21:45
Embramike – Therein lies the question …
… the “accepting new club status for new investment status” question … or
… the “points penalty for administration” question,
… albeit both are intrinsically linked
I never thought for a minute Micky Carroll would still end up with more than enough money to buy R@ngers.