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

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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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  1. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    roy croppie

     

     

    14:17 on

     

    12 April, 2013

     

     

    That’s Hillhead for you… you wouldn’t get a battered flounder in the east-end.

     

     

    ~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~~

     

     

    Absolutely priceless!

  2. Shieldmuir Celtic on

    I think that there should be a formal complaint against Sheriff Davidsons remarks about Catholic schools. His remarks are both ‘offensive’ and ‘sectarian’. They are also made without evidence and he should know better than most, that judgements without evidence are by their nature prejudice.

  3. Gene's a Bhoy's name on

    The share price doesn’t affect the business on a day to day basis -it’s already got the money – it does of course affect the investors who have bought them and in the medium term (if they last that long) their ability to faise further capital

  4. Just for info. On any given day there does not have to be a buyer for every share sold. Brokers buy them and then adjust the price accordingly. If they have a lot more to sell than they need the price drops, until some sucker a willing buyer comes along

  5. Gene’s a Bhoy’s name

     

    14:47 on

     

    12 April, 2013

     

     

    Given that RFC have no credit facilities the ability to raise funds based on SP and market cap might be a lot more important.

  6. The Token Tim on

    Roy Croppie @ 14:17,

     

     

    belter!

     

     

    HAIL! HAIL!

     

    Token

     

     

    PS – hope you making the most of last day of your hols!

  7. Livibhoy

     

     

    re the 89 CF.

     

     

    I was in the Blarney Stone, when someday ran in from the Corner Bar saying that a bus full of Chelsea Casuals were smashing it up. The place emptied in time to see the bus driving away. Sadly for the bus they got stopped at the lights at the Gushet and many many people from the Corner Bar, the Blarney and the Govanhill took revenge and then some.

  8. ASonOfDan

     

    14:21 on

     

    12 April, 2013

     

    Picture on the go on Twitter of Di Casio in a Lazio bar doing fascist salute alongside a few of their thugs.

     

    ===

     

    That is not a fascist salute it is the “Ulster Red Hand” salute. How would have believed it Paulo is a closet Sevcoite!!

  9. The Token Tim

     

     

    Doesn’t seem like a holiday today- I’ve now been to the dump three times- she’s getting her pound of flesh mate :)

  10. tomtheleedstim on

    Chris McLaughlin ‏@BBCchrismclaug 1m

     

    BBC learns Charles Green and Imran Ahmad are compiling a dossier for police to make claim of blackmail against Craig Whyte. #Rangers

  11. “Ding dong the witch is dead” is on track to reach number one, consumers having bought the product in direct competition with other products of a similar nature. True free market economics in action.

     

     

    The song reaching number one is surely a fitting way for the british people to honour the woman’s legacy.

  12. amadeus

     

    14:08 on

     

    12 April, 2013

     

    .

     

    “Davie Cooper was not a hun. Laudrup was not a hun. Many more were not huns. A hun is a hun though. Alex Macdonald was a hun. Sally is a hun. Hately is a hun. The cardigan is a hun. I use these examples to illustrate the point that being a hun is a question of your own psyche. The real joy is that they have never enjoyed winning titles or cups, vis a vis Barcelona in 72 or Manchester of late.”

     

     

    —————————————————————————————————————

     

     

    Sorry to dis-appoint re Cooper.Why did he end up at M’Well? because he would not play with the Souness acquisition who’s name escapes me!!

     

     

    A Hun of Mega proportions.

  13. Dontbrattbakkinanger on

    Hoopslegend V.Wanyama has had one good season, he’s not a Petrov or a Lambert.

     

     

    If he wants to go then let him, IF the price is right.

     

     

    John Park will have a replacement lined up.

  14. tomtheleedstim

     

    14:53 on

     

    12 April, 2013

     

    Chris McLaughlin ‏@BBCchrismclaug 1m

     

    BBC learns Charles Green and Imran Ahmad are compiling a dossier for police to make claim of blackmail against Craig Whyte. #Rangers

     

     

    …………

     

     

    Since when did publically demanding (and proving*) what is legally yours become blackmail?

     

     

    * IMO

  15. On Davie Cooper

     

     

    I played fives with him when he was at Motherwell. He was always civil and brought a number of young Motherwell players to these fives most of whom were of the Celtic supporting variety.

     

     

    Mind you the fives were in Larkhall Sports Centre so maybe he was hoping they’d be injured.

  16. The Token Tim on

    Roy Croppie,

     

     

    haha, dont they always mate ;-)

     

     

    BTW im assuming you mean to the local NLC recycling facility as opposed to a wee bout of food poisoning courtesy of Mrs Roy Croppie…..

     

     

    :-)

     

     

    HAIL! HAIL!

     

    Token

  17. Walking back to the city centre after the 1988 cup final , after the euphorea had worn off and in that lull before the celebratory drinking started .Myself and a couple of friends followed the green snake back to town.I normally travelled to and from games on supporters buses so making my own way was a novelty. Anyway we were talking away as you do replaying the highlights to each other when we walked into what I can only describe as an ampitheatre obviously and old football ground the terracing was still there as were the goal posts and the odd tree growing in unusual places , the atmosphere among us dropped ……it’s hard to explain everyone was quieter not just my group all the different clusters making their way through seemed to quieten down .I remember thinking it must have been a great place to watch a game .It was a couple of months before I found out it was Cathkin Park……..I’ve never felt that feeling again ….a very eerie place

  18. Wee BBC Chris rolls out some further smoke screen material,

     

    Who would have thunked it?

     

    What kept ye chris you’ve been awfy quiet of late.

     

    #youvebeenrumbled

  19. The Token Tim on

    Re the ’85 Cup Final crowd size.

     

     

    Was it not the case that the gates at the old North Terrcaing side were opened when a couple of turnstiles broke and literally thousands piled in that were never counted?

     

    Seem to recall a few of my mates telling me this back then. Think they were as delighted about getting in for nothing as much as winning the Cup!

     

     

    1985 was also my first Cup Final. 14 years old standing behind the goal at perfect eye-level for Davie Provan’s free kick leaving big McAlpine clutching at fresh air.

     

     

    Magic stuff.

     

     

    Was also my first experience of the ole football “special”. Got on a Motherwell and somehow managed to be almost pinned face up against the window with nae elbow room. Was great though. Train swaying left and right and not due to the dodgy track! Atmosphere was brilliant. Then pouring off at King’s Park station and bumping into some mates from Wishy. Tremendous.

     

     

    HSE guys now would have coronary on the spot at the amount crowded onto that train. We couldny have cared less.

     

     

    HAIL! HAIL!

     

    Token

  20. HenryClarson @ 13:50

     

     

    Thanks, these are only initial thoughts I have had and may be nowhere near accurate but stranger things have happened regarding Sevco and its owners.

     

     

    Mort

  21. Gene's a Bhoy's name on

    Weeminger

     

    Given that they have just raised 20m ? Short term capital should not be a problem unless they are running at a substantial loss !

  22. Kilbowie Kelt on

    amadeus

     

     

    14:08 on 12 April, 2013

     

     

    I’m afraid that you could not be more wrong about Davie Cooper.

     

    I happened to know Davie.

     

    He was a tremendous talent & in many ways a real decent & kindly guy.

     

    He was, however, virulently anti-Catholic & anti-Celtic.

     

    So, by your terms, he was very definitely a HUN.

  23. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    THE TOKEN TIM

     

     

    Glad you are about-wee sesh planned for the 27th.

     

     

    Contact me on

     

     

    bmcuwp@gmail.com

     

     

    if you are interested.

     

     

    Should be fun,fair few going. And one of our overseas guests has already voiced an interest in a curry-I might stick to a bagachips this time!

  24. obonfanti1888 on

    Green and Ahmad know the game’s up, anything from them is just bluster. I’ve every confidence that Craigy will set out to finish what he so gloriously started! :)

  25. tomtheleedstim on

    Celtic Underground ‏@celticrumours 56s

     

    Hearing whispers that arrests likely as a consequence of the initial sale of rangers. That’s arrests plural. Not just one individual.

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