Corporative governance, dubious integrity, who else could it be?

732

Charles Green’s media team did well a week ago today.  The Sun had an extremely damaging story on Green but demoted it to page six while dedicating its front page to the man himself, but the consequences of the story remain.

The Daily Record, who today confirms they are being fed stories by Ally McCoist, also reveal that The Rangers International board’s chairman, Malcolm Murray, is one vote short of being able to sack chief exec Green.  Adding, without a hint of irony, “once again, it falls on this newspaper to inform the fans of what is really going on”.

Sacking Green should be fairly straightforward but while this will remove one pantomime act from the stage, the corporate governance issues remain.  While he is in charge at least Green is available to assist the club prepare against charges by Craig Whyte that it inappropriately acquired* assets belonging to his company [“You are Sevco”: (Green)], Sevco 5088 Ltd.

If the chairman fails to sack the chief exec and fellow directors, Brian Stockbridge and Imran Ahmed, at next week’s board meeting, several non-executive directors might find it difficult to continue to pick up wages for providing oversight on behalf of stakeholders to ensure the club’s business was conducted appropriately.

Fortunately for Green he retains the support of his fellow collaborators, although his enablers in the media and support are diminishing by the day (bless all their sterling work).  Green will go when it suits Green to go, most probably when he has found a suitable proxy to ensure his interests on the board are protected (as Whyte believed he had a year ago).  This is likely to happen when he wants season ticket renewal money in.  He’ll drift away, “true Rangers men” will front things for a while, but pantomime isn’t over.  The serious corporate governance questions overhanging the club right now grow by the day.

I wonder if journo who moved to Ibrox as he couldn’t stomach the dubious integrity of the media industry (Green’s former chief-enabler) has the front to come out batting for Green. Or is he too scared?

Speaking about dubious integrity….. has anyone thought of the excuse the SFA will come up with to overlook the link between Whyte and Green on Newco’s associate membership application? I expect they will appoint Mr Bryson to head up an inquiry which will find, “There was a link but as we didn’t know about the link at the time we cannot take any action”.

* Tried really hard here to think of a less pejorative word or phrase than the one which initially sprung to mind.
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732 Comments

  1. petec

     

     

    19:05 on

     

    12 April, 2013

     

     

     

    Have asked paul67 to pass on my email addy

  2. I'm Neil Lennon (tamrabam) on

    just when they thought it was safe to go back into the water……….

     

     

    probably not even merit a mention in the redtops though

     

     

    no doubt the old so called real rangers men will step in as they try to distance themselves from charlatan and then claim once again

     

     

     

    wait for it

     

     

     

     

    it wisnae us it wis Charle Green and we have been punished enough

  3. Taranis

     

     

    Certainly. Good sized portions, tasty and warm. Fair number of people eating that night.

     

     

    Probably the drinks were a bit pricey, not that you’d notice of course ha ha, but you could say that about most places.

     

     

    Would certainly eat there again but we’ve a likeness for Cucina just up the road. Good to have choices.

     

     

    Enjoy your ale. There’s a Vale one I think.

  4. ItaliaBhoy

     

     

    19:16 on 12 April, 2013

     

     

    Are Sevco about to set a new world record?

     

     

    Most 0-3 defeats by a club in the fourth tier of football?

     

    ___________________________________________________

     

     

    And 2 Liquidations in 1 year. :P

  5. jimbo67 @ 18:36

     

     

    Cheers. Who’s Natasha? And Buzukov? Couldn’t forget the third one you mention mind :0)

     

     

    On another point, I too find it annoying when you’re making your point, not necessarily loquaciously, only to find the bollox below has interru

  6. I'm Neil Lennon (tamrabam) on

    is there such a thing as a double dip liquidation?

     

     

    strip the one and only title NOW!

     

     

    END THE PANDERING

  7. James Forrest is Neil Lennon! We are ALL Neil Lennon! on

    Derek Johnston thinks it can all be explained away by Green getting Whyte to sign documents for Sevco 5088 and then transferring the assets elsewhere ….

     

     

    WHICH PART OF THIS IS HARD FOR HIM TO UNDERSTAND?

     

     

    That would be FRAUD. It would be exactly what Craig Whyte alleges! If that’s the best scenario he can come up with … game over.

  8. I am prepared to believe that our Craigy Boy may have been dilatory in the filing of forms with Companies House, but dishonest?………………..Never!

  9. Petec

     

    You can’t be liquidated twice.

     

    RangersFC1872 were liquidated.

     

    SevcoFC2012 hopefully soon.

     

    Two different clubs.

     

     

    SPF

  10. “Malcolm Murray needs to come out with a statement now” BFDJ

     

     

    He is so desperate to hear from someone who isn’t our two major players. Give us a plan B please!

     

     

    I’ll always remember the first time I saw and heard Malcolm Murray. I was in Barcelona on holiday last year and all this was unfolding day by day. I would sneak on and check out the daily happenings. I caught the Malcolm Murray BBC interview when he introduced himself to the world as the new Chairman of the Huns.

     

     

    I thought he came across as a pompous, belligerent, blowhard individual.

  11. I can see Lenny holding the Scottish Cup and saying in his umpteenth thank you, and I would like to thank the MSM for their utter incompetence in their profession for their contribution to the downfa……………..

  12. I'm Neil Lennon (tamrabam) on

    the boy jinky/scots pat fan

     

    but apparently if you believe the MSM, rangers cant be liquidated even once

  13. clunks,

     

     

    Good stuff, here is an audio track that might interest you then, as Paul67 might not be online for a while.

     

     

    Titled – A Modern Connection To An Ancient Evil.

     

     

    Unfortunately these guys decided to stop their broadcasts after 7 years, I miss them a lot. That Number 7 is very Good. Washing yourself 7 times etc is very good IMO.

     

     

    futurequake.com/Audio/FQShow205.mp3

  14. My old Ma god rest her always said we shouldn’t take pleasure in the misfortune of others, ill wager my last £ she is up there laughing her head off at this latest news.

     

    We tried Ma honest we did but they just kept giving and giving and giving.

  15. I'm Neil Lennon (tamrabam) on

    surely even though we have the worlds least competent fitba association, they don’t have the brass neck to ignore this (or to pass the buck to LNS type)

  16. Petec

     

     

    Cheers will give it a wee listen. 7 is a number but the number I see everywhere is 333

  17. ScotPatsFan

     

     

    19:29 on 12 April, 2013

     

     

    Petec

     

    You can’t be liquidated twice.

     

    RangersFC1872 were liquidated.

     

    SevcoFC2012 hopefully soon.

     

    Two different clubs.

     

     

    SPF

     

    ____________________________________

     

     

    In Scoddland you can. :D

  18. James Forrest

     

     

    BFDJ is an eejit …uneducated Hun slabbering mouth…

     

     

    Understanding is beyond him …

  19. I'm Neil Lennon (tamrabam) on

    what will happen if the sevco board sack chucky tomorrow

     

    can he, as a significant shareholder, take action against them

  20. James Forrest is Neil Lennon! We are ALL Neil Lennon! on

    I’m Neil Lennon (tamrabam):

     

     

    If he’s sacked tomorrow others will leave with him, and they will spend the next year taking the club apart …

     

     

    If he’s not sacked, others on the board will go, and the club will spend the next year tearing itself apart …

     

     

    Either way … start making popcorn!

  21. The Boy Jinky on

    Che

     

     

    My wee maw lived in govan .. used to worry about me going to mordor when I parked at hers.

     

     

    Used to say .. rangers and celtic dont pay your mortgage.

     

     

    Turned out the huns didnt even pay their own never mind mine :)

  22. clunks,

     

     

    Be warned it is over 2 hours long and might be better listened to at another time rather than a Friday Night. If it is so important though, this audio is essential, and that is 3 years old now.

  23. (Tamrabam)

     

    If they sack him, well all laugh

     

    If they don’t sack him, well all laugh anyway.

     

    If anyone ever asks you to describe a win win situation, this is it.