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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Jamesgang
You’ll be in my thoughts big fella. Keep that head up.
SOAL
Whit happened tae the Mikey Carroll money? :-)
£1m that clown put in…
Jamesgang
All the best mate
….pfayr supports weeoscar
21:29 on 23 December, 2014
That’s Ma Bhoy……..hahahahahahaha……. But they have been “grinded” ……. And, if you and me were on the Board, we’d grind them again, just for luck …..they’re gone, deed, liquidated and I will never ‘see’ them again…….hoop, hoop, hooraaaahhhhhh ……..JINGLE FEKIN BELLS…. :)
PEDROCARAVACHIO67
Carroll wasn’t the only lottery winner to bung Murray £1m.
I heard a while ago that around a dozen others had fallen for the snake-oil salesman.
Favourable results on Saturday ? I’ve not gave up hope of Falkirk and Dumbarton catching the monsters before the end of the season !
Karma !
Is this Hun Quick news?
To detract from the current celtic drivel?
hamiltontim
And in that you have my full support!
Maggie
Ffs lighten up, is it lunar? ;-)
the lottery winners who gave the old rangers money, i can just about understand them at those moments all that money, and seemingly it would last for ever , the club and their stolen trophies.
what i cant get is those who having lost money in the original club, not just the share holders but the debneture holders, that then invest in the new entity.
beyond stupid.
and seeing them coming out the “away end” yesterday nug punters every one of them.
hehehehhehehe
hehehehehehehhe
hehehehehehhe
heehehhehe
hahahahhahahahah
hahahahahahha
you are the gullible peepel.
mug punters even.
heheheheheheh
hahahahahhaha
hohohohohohooh
1 hint o this being hunquicknews am out o here.
I am just back in from my late night stroll with the Dog
Message from my Daughter Laura, who is now in Sydney on her tours
Laura is devastated, like many others
Stephanie Tait, who sadly lost her life yesterday, was a member of HCPT,
which Laura is, (and has been supported by many on here), having done a trip to Lourdes with Stephanie
If Only I could give you a cuddle Laura
Stephanie, May you Rest in Peace, and May Perpetual Light Shine Upon You
higgie
try n make it on Saturday bud, few questions to ask and a lot o catchin up to do
So will we tell CFC Plc…no to league reconstruction if the hun dont get promoted…because i think i read…its no longer down to the clubs but its down to SFPL BOARD..no club vote…get ready THIS IS THE UP COMING BATTLE…
Auldheid
You may not remember me but we shared a beer a few years ago during the his hearts. Cup final. You persuaded me then to keep supporting the team but I finally gave up this season. The silence from the board was deafening ala Aberdeen supporters. However your last post has given me something to hold onto. Who do we play Saturday?
CowieBhoy, may Stephanie Rest in Peace, and I hope her family and friends find and give each other strength to get through these days.
davie,
will try.
signing off for the night,
keep it lit.
prayers for all.
Late to the debate and first time posting for a bit.
Huge admiration for auldheid and also Paul for their staying of the course and pragmatism but the problem to me is the miscalculation of the cfc board.
There may be legalities in the way or revelations which later show cfc board couldn’t act for this reason or that , BUT they allowed a false narrative to develop. A statement outlining it was fundamentally unfair to allow a competitor to ditch its debt, and shamelessly arrogantly start again with access to all the same revenue streams would have countered the ‘we were relegated cr#p’. Celtic fans lost heart because of our boards neutrality on this and allowing Ogilvie’s sfa re-election without a single word was and is a stain on the memory of the people who went before us.
Please also spare us the we need to be in there to influence from within kak. Nimmo Smith was the ultimate ‘jog on Timmy ‘ .
Did our board stand tall……. Nope
cowiebhoy
I knew Stephanie too mate. May the angels take her to Heaven.
Saint St
good man. If not Saturday then hopefully soon.
I noticed msm gave the ass ref his full title. Joseph Lawson!! Srange or is it just me?? Emdae ken him??
Margaret McGill
21:55 on
23 December, 2014
Auldheid
I am sorry
but you have become a patsy
================
I should worry what you think.
More crap about Stephen Thompson. His mob haven’t had bombs or bullets sent to them.
Canny sleep… In my humble opinion that guy Dave Murray is just wee Craigy Whyte without the internet or the help of one or two bankers…. I managed to scrape my o level accounts but surely assets valued at over £100m (Snake Mountain) is a bit of creative accounting when asking for credit ?? Just an observation, by the way I failed my art o-level so no idea about creativity
Auldheid
Thanks.
It’s really frustrating just now, as I’m sure you know. being on the outside is difficult and based on what I perceive, pretty damping for Celtic.
Your illumination, clarification and perserverance (patience too) is a joy to behold.
I’m in until the end of your attempts.
bgx- I’ve been boring guys on here for over a year re League Reconstruction, if/when Sevco flunk the Play offs, many disagreed, I think it’s a cert.
Nor do his supporters have a history of suffering sectarian attacks.
Just popped in to say I am so looking forward to saturday, after missing the last home game with a friggin limp. So sad to read HT and cowiebhoy posts knowing one of the deceased. Certainly took the edge off my attempt to try and lighten things up a bit on here. So, apols for that. Glasgow will get over this, again. KTF.
Weefra HH praying to Wee Oscar.
I heard two English journalists discuss Rangers last night. It was noticeable that they were careful and hesitant when discussing liquidation. Anyway, I switched off. Don’t care.
Captain
Maybe they thought you were a Hun?
Bgx
The play offs were set up to ensure they had a better chance of promotion
Night all night wee Oscar my hero God bless x x
Ps I telt ewes we should have signed Ciftci a year ago. Will be a 10 million player in 5 years.!!!
jamesgang
if you are still around Happy Christmas to you and your family
see you on 27th
Hail Hail
gerryfaethebrig
22:30 on 23 December, 2014
Sent you a text.
A happy and holy Christmas to you and the family.
Keep the Faith!
Hail Hail!
captain beefheart- makes it all the more admirable that he takes the Govan team head on, he won’t kowtow to anyone, including us.
A top Chairman of a first class club.
dena29
Me tae. :-))))
Weefra HH praying to Wee Oscar.
pedrocaravanachio67
21:59 on
23 December, 2014
Dena29
I’d much rather hear u sing :-)
and you will when thems finally DIE
Hail Hail