Rangers’ administrator, Paul Clark, last night released an utterly bizarre statement in response to the SFA punishment for breaking a lengthy list of rules in the lead up to and since Craig Whyte’s takeover of the club 11 months ago. Clark said:
“It appears that on one hand the disciplinary panel accepted our central argument that responsibility for bringing the Club into disrepute lay with the actions of one individual – Craig Whyte – as is evident from the unprecedented punishment meted out to him.
“During this hearing the Club produced compelling evidence from a number of sources that following his takeover, Craig Whyte ran the Club in a thoroughly unaccountable manner, rather than adhering to a long-established and proper form of corporate governance.
“The thrust of the charges against the Club focused on non-payment of payroll taxes and evidence was produced that all such decisions in this area were taken by Craig Whyte during his tenure.
“Given this evidence, it is difficult to comprehend that the disciplinary panel has seen fit to effectively punish the Club even more heavily than Mr Whyte. As everyone knows, it has already been decided he is not a fit and proper person to run a football club and any further punishment on him will have little or no impact.
“Furthermore, we do not know how bidders for the Club will react to these sanctions and what affect they will have on their proposals.”
Mr Clark should know better. Companies, including football clubs, are responsible for the corporate acts of their directors. Also, Craig Whyte owns 85% of Rangers and should he sell it in the weeks ahead, his sale price could be directly enhanced by a lesser punishment.
Moreover, Mr Whyte is also the secured creditor for Rangers. Whatever bids prospective buyers of the club submit, up to around £30m, will go directly to Craig Whyte. If this punishment reduces the value of Rangers it reduces the money Whyte will receive as a shareholder and as a creditor.
There is no point in Duff and Phelps squealing now. If they wanted to separate club from owner they should have brought more focus to the sale process weeks ago. This punishment is measured and appropriate.
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BRTH
Petition signed.
Its ironic that Airdrie are put to the wall by SDM, Celtic pay them £100k for a quality kid and enable the newco to continue
I know it’s pretty much an academic question … but … when does the registration ban actually start?
As they are in administration they cannot sign any players right now anyway. In theory therefore the 12 months should start from when/ if they come out of administration.
Gordon_J, true.
Highland Tim, hope you didn’t disturb Mrs HT.
pggtips2, yes, no end to his disreputable actions.
RogueLeader, loved your Chelsea fan quip.
Also loved the Airdrie fan suggestion.
TinyTim, terrible news. Take care, my condolences to you and S.
New Celtic Kits to be unveiled this Friday.
A few steps I think the Celtic board should make at this time. The last thing we need is to be complacent and have another opportunity go by because of poor preparation and planning. These are the steps I suggest.
1.Boil water according to directions and depending on how many packets you will be making.
2.Empty the contents of the jelly into a mixing bowl.
3. Stir with a wooden spoon until dissolved…
New Celtic strip to be be unveiled. Yet another dagger to the heart of the hun…they might never again have a new strip released !
HAHAHAHAHAHAHAHAHAHA
TinyTim –
Sincere condolences wee man.
Kerry and I are thinking of you and your family tonight.
Take care.
ASonOfDan on 24 April, 2012 at 10:42 said:
LiviBhoy
I like the wee green sad face… :0)
They are deluded. Why didn’t they do something earlier? Their lack of knowledge on the mess of their club is astounding!
LB
BRTH… petition signed. my youngest just turned 6.Definitely makes you think. Keep the awareness going.
KTF
Declan last article pur kwality still pishing my pants
Now you are all being unfair saying that the newco won’t have any history
Of course it will. It will forever be connected to cheating , tax avoiding , walking away , manchester , barcelona and many other barbaric invasions in western europe. It is good to know where you are coming from to know where you are going too. Their fragmented and disgraced cheating history will remain no matters what youse peepol think. Declan will agree with me so I must be write.
Question
has anybody got the faintest idea what D&P are playing at?
if so please advise them
I am totally lost here
whats going on?
What kits, larks!
Right forget the usual quizzes, heres one for today,
I Spy with my little eye something beginning with
L
I think we should be mentioning next season and future plans every time we can.
You know – new kit for next season, preparation for European ties next season, season tickets for next season, etc.
And mentioning the many great young players we have for the future too.
GloatingIsFun CSC
Well done to the young Bhoys last night,if zombification fc get into the spl how funny would it be if we sent put the U19s to play them?
We should loan Rangers all of our u17s for next season.
Make them huddle.
And make them play good football.
I don’t know which one will sicken them more.
BROGAN,ROGAN,TREVINO and HOGAN
Keep up the good work,bud. I’m still drafting my e-mail-I need to get it right!-and it will include a link to this petition.
Also,I’ve forwarded it my entire contact list-apart from those from this site-and will forward it to ALL at my company when I get in tonight. That’s around 2000 recipients,so fingers crossed.
Payday over the next few days for most of us;perhaps a wee reminder on a regular basis could rattle loose some change.
Off topic, I’m watching the Leveson Enquiry, does James Murdoch remember anything? AT ALL?
This guy gets paid millions? Where do I sign up?
Celtic to play pre-season match in Yankee stadium versus Chelsea.
FC Rangers of Govan will play Linfield……..AGAIN.
LB
Some of last nights goals
Knowing that there is an asbestos problem is it wise for Ibrox to host the rugby sevens event at the 2014 Commonwealth Games?
Will there still be an functional Ibrox Stadium come 2014?
kitalba
They can use it for free so Lizzie can get some of her cash back.
Or will Whyte make a fortune out of that too?
Out of interest does anyone know how much Celtic will make out of hosting the opening ceremony if anything?
LB
Paul67, (or anyone),
Any chance of a bullet-point layman’s rundown of where the Rangers are now? I’ve been travelling for two days and have just caught up via CQN.
This one from last night came out of the blue for me – even though I knew of the SFA’s investigation, I didn’t know the details – like what were the “charges” against the club / Craig Whyte?
Big tax case?
Wee tax case?
Double contract investigation?
Administration?
Liquidation?
Sale?
TinyTim
Condolences to you and your family
My thoughts are with you all
Gordon_J backing Neil Lennon on 24 April, 2012 at 10:53 said:
Gloat is good.
This Zombie farce is going on to long a wee bit like Emmerdale do us all a favour and swtch them off
Dark Mingwall on SSN saying fans and club are victims! With more than a decade of not paying your bills and taxes do you really believe this you moron? The small businesses owed money and the ordinary employees are the real victims along with the rest of Scottish football whom you cheated out of trophies! Clown.
bournesouprecipe on 24 April, 2012 at 11:00 said:
Thanks for that.
John Kennedy deserves success. Kudos to our custodians.
It will be the largest multi-sport event ever held in Scotland and as the sun sets on the 3 August 2014, the curtains will close forever on the 20th Commonwealth Games. Will Her Majesty Queen Elizabeth, with dignified respect, lay a remembrance wreath at the blue gates of Ibrox or will she just swing by Bairds Bar for a shindig with Shebeen and a wee celebratory double ice-cream and jelly?
xiebhoy69 on 24 April, 2012 at 11:12 said:
Dark Mingwall on SSN saying fans and club are victims! With more than a decade of not paying your bills and taxes do you really believe this you moron? The small businesses owed money and the ordinary employees are the real victims along with the rest of Scottish football whom you cheated out of trophies! Clown.
And he’s one of the intellegent ones a bit like Declan
What was the attendance at the cup final last night?
Stevio62 AskedQuestion
has anybody got the faintest idea what D&P are playing at?
if so please advise them
I am totally lost here
whats going on?
Well agent Whyte was put in there on a mission (he should get a stand named after him and a seat in celtics directors box for this), and D&P stands for Paddy & Declan who are playing a blinder aswell………
G`day,Kit.
You`re enjoying yourself.
Euphoria is ours.
From the Scotsman. Made me laugh..
“Belgian superstar Luc Vidasion was in despair last night, as his mega-bucks move to Rangers was scuppered at the last minute by the SFA’s draconian and vindictive decision to ban the Dignified Govan club from signing any new players for 12 months.
Vidasion, 25, has scored an incredible 100 goals in his last 90 league matches in Belgium and was desperate to clinch his dream move to Ibrox, with Alistair McCoist ready to part with £20m (almost half of his summer warchest) to land the free-scoring striker.
Rangers though would not be held to ransom… er sorry, Rangers are now believed to be moving onto other targets, with the club keeping tabs on German wunderkind and U16 captain, Jurgen Busst.
An Ibrox insider last night refused to give up hope of landing the Belgian scoring sensation though, saying, ‘Luc Vidasion will be here sooner or later.'”
Laughalot suspended.Well they were due a bit of good news
Victims fc.lol Minty stabbed the guy and handed Whyte the knife. ;)
KLV
So D&P think it’a all Whyte’s fault, and RFCiA shoudl be spared? Well in that case what were all the other directors, office bearers and staff at Ibrox doing whilst he was up to no good? An entire organisation the size of Rangers cannot put the blame all on one guy, even if he is in their eyes a megalomaniac control freak.
RFC have gotten what was coming to them for some time, I’m just surprised just how much of the bookcase got thrown at them.