Companies have a statutory duty to produce financial reports in line with commitments made to shareholders. The failure of Rangers to fulfil those commitments was put down to a lack of clarity over the future outcome of the on-going tribunal with HM Revenue and Customs. As a consequence of this failure, trading in Rangers shares have been suspended by the Plus Stock Exchange.
The Plus Stock Exchange also told Rangers broadcast partner, STV, they were “currently conducting an investigation into the circumstances under which Craig Whyte’s seven year disqualification from acting as a director in 2000 were not disclosed at the time of his appointment to the board of Rangers FC on May 6, 2011”.
Rangers today suggested there was “little, if any, tangible benefit for the club to be a listed company”. This may be true but the benefit of a listing is heavily weighted towards shareholders and creditors, who should have received structured financial information in a timely manner. Shareholders have also been denied the opportunity to attend an Annual General Meeting, which, in line with stock exchange rules, should have been held before 31 December 2011.
Many of you have watched Rangers speculate wildly for over two decades with the feeling that they would crash and burn. This has been a painful period for those who follow clubs who stick to budget, unprepared to take a seat at the roulette table. The day of reckoning draws closer.
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Dogs?
I’ve a 4 year old Jack russell.
His name? Mucker :-)
It’s what we would have called him either way, no point confusing him.
Mucker
It’s a dogs life CSC
RATM sorry to hear that about you’re wee dog.
Vinny
A truly astounding call from Ross in Bridge of Weir. He is so in denial as to be almost scary. craig why te has them debt free. Honestly had to be heard to believe it. Last call of the evening on Clyde.
Comedy gold.
Ludicrous call on Clyde right now by a deaf, dumb, blind and stupid hun talking up Craig Whyte. “He’s not the only football club owner with dirty hands …”
What? Maniacal. Is that what they’ve come to? Pinochet didn’t kill as many people as Hitler, but would you have let him babysit your babies?
He’s also talking about another “great white hope” coming in to save them, even if the worst comes to the worst.
His club was available for a quid. One quid. We could have cobbled together money on CQN and bought it between us, then run the whole club in the same manner, paying no bills, buying dross for low fees …
No-one came to their aid when the press was telling the world the tax case was no big thing. Now it is one of a number of big things facing them, and when it crystalises will leave the club in debt totalling perhaps as much as £100 million, with a complete infrastructure to rebuild.
If the whole lot for a quid wasn’t tempting … why do they think the debt ridden wreck, holed below the waterline, needing anything up to £50 million just to maintain a place in the league, will bring out the hidden millionaries?
TopCorner says:
9 January, 2012 at 19:52
Did you not ask Brian what was in his brief cases?
Maybe his boots?
Celtic books on Amazon.
was looking at buying the Sevenpenny Gate by John Cairney on Amazon. Some twisted and sick individual has tagged the book “”paedophile”.
Not sure if Amazon are aware of this but very poor if they are. Should the police be investigating an individual who has tagged a fooball book as I have described ? Surely the person who does this needs investigation ?
Anyone know how best to complain about this and to what authorities or is this sort of sick behaviour acceptable today ?
bournesouprecipe says:
I left him in his bed this morning where he was awake and lazing around beside the radiotor came home and he was still there. I guess you’re right, this was his home and his bed.
jhilday says:
Cheers, I’m gutted don’t know how I’ll be when he isn’t annoying me to get up in the morning.
Abmucker a dog has the life o “Riley”, so that’s whit ours is called.
Vinny
MWD
A club applying to enter the SPL other than via the normal method of promotion, is a reserved matter. Reserved matters have to be voted on by all SPL clubs and not only by the smaller SPL board.
This means that if Rangers cease to exist, as opposed to merely entering administration, then there will have to be a vote of all remaining 11 SPL clubs.
There is a requirement for a 83% majority which means 10 out of 11 have to vote for Rangers Newco to gain entry.
There are further complications surrounding the timing of any vote.
Lets assume the process is administration…..then a 10 point penalty is applied. Should the administration happen in the close season then Rangers will start 2012-13 on minus 10 points.
This however is totally dependent on Rangers still being in administration. Should the position move from administration to liquidation . Then Rangers cease to exist and have no entitlement to play anywhere. A Rangers Newco will first of all have to apply to become an SFA member club. That should be straightforward. The next stage is to try and join either the SFL or the SPL
In the event of attempting to join the SFL , it will be in Div 3 and all SFL clubs have a vote. I would imagine that this would be a formality
In the event of attempting to join the SPl, there is no provision for that. All SPL clubs will have a vote as it would be a reserved matter. Where it gets messy is, as I said earlier, the timing of a vote. Should this vote take place in June then possibly Ross County will be an SPL member club and Dunfermline may not be.
Therefore Ross County will have a vote and Dunfermline will not. This may advantage Rangers as their will be no clubs who will be able to retain their SPL status by voting against Rangers.
Regardless of the voting intentions of SPL clubs, the bigger issue relates to the morality of allowing Rangers to join the SPL.
My position is that Rangers Newco should be forced to start life in Div 3. I believe that is Celtic’s position as well. However Celtic cannot achieve that by themselves. I think it is possible, maybe the most likely outcome, that the other SPL clubs will vote for Rangers Newco to join the SPL directly.
In these circumstances Celtic will have to decide how to act. Will they go to UEFA and the SFA, will they lobby for multi year substantial points penalties, will they refuse to sell tickets for away games. Will they actively attempt to join another league in another country
Make no mistake, that regardless of how strongly I have criticised the board and the CEO over some operational issues in the last 3 years, I have no doubt that on this issue they will stand up for fair play
Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. says:
9 January, 2012 at 19:34
Auldheid
I understand the integrity issues for all supporters but having read Paul67 article he seems pretty adamant and has also clarified this by stating someone at Celtic has confirmed this to him that it is an SPL board matter.
My thought re. Employing a solicitor to provide an opinion is that this could then be put to other fan bases in order that together all supporters could go to the SPL and play the integrity card in order that they change the rules to remove the remit from the SPL board and pass it back to its rightful place with a GM passing a Qualified Resolution. If supporters were providing evidence that the SPL rules are flawed and they did not act prior to OldHunCo going bust, to tighten the rules it would discredit the organisation more than they already are.
Don’t know if any other Bhoys would be willing to contribute to employing a decent solicitor?
MWD
___________
if my memory serves me right , a high profile QC offered his services for free to Hearts players to help recover their wages as it was the “right thing to do for scottish football ”
just saying like , but i wouldnt hold my breath ….
Meanwhile on shortbread…the fat controller continues the Laptop Liers line
that Snow Whyte and his dwarfish followers are sanguine and completely
untroubled another now disgraceful blemish apparent upon the dignified
crater coupon FC.
Despite their piss poor efforts in this ‘year of lying dangerously’ their keepy-up
of confected Old F*rm association and equal culpability is transparently corrupt
and untrue to such a degree that the tsunami strength of destruction that arrives
onshore for the ringlers will be in short measure the tremulous after shock wave of
repulsive life threatening and mass resignings from the back paged news heroes of yester years.
Feck the All.
HH
How does Burley get all these gigs?
Who’s he blackmailing??
RATM
Dog Lovers
At Christmas my sister had a wee party and we had our dinner plenty drinks, daft kerry on, singing, palying the Wii, left early hours full of merryment and giggles. She has 2 wee westies…she phones me the next morning greeting with laughter, the wee one a cheeky wee monkey had got up on the dining room table and ate a full box of chocolates , I thought fine, she then tries to tell me the rest of the story but still canny stop giggling, eventually after he laughter subsides, he ate a 4 pack of Rennies as well, no daft that wee dug!!
thomthethim
was on the verge of sayin
“hopefully (RFC) they’ll get shafted”
had to diplomatically backtrack
in case P67 et al got in wee bit bother, haha
should’ve just said it to see the reaction
:)
from BBC website –
The downside of working within an exchange is that a company has to stick to rules on transparency, without which buyers of shares can’t have confidence in what they’re buying.
That’s why it is important audited accounts are published. That’s also why the Plus exchange forced Craig Whyte to admit in November he had been disqualified as a director for seven years.
Transparency can mean unwelcome publicity
kikinthenakas says:
9 January, 2012 at 20:08
Hahahaha! If only my wee dog was that smart, he polished off some dental floss hanging out of the bin…let’s just say he couldn’t pass it properly without some assistance…and then let’s say I don’t floss anymore…
James Forrest is Lennon says:
9 January, 2012 at 19:45
I think someone posted on RTC that ragers may have fallen foul of SPL/SFA rules when they got suspended from PLUS market
hail hail
RATM
Sorry to hear of loss of your beloved dug.
Never had a pet(sniff) but he the daughter
was a given a kitten by her fiance last year,
wee bugger is treated like a king ,run of the
house,he got out the front door a couple of months ago,my life would not have been worth
living if I hadn’t caught him.
CQN OPEN TO ALL ANIMALS (except m(hun)keys)
HAIL HAIL
RATM
wee dugs…..what are they like!!
eat and drink anything run about daft the lick your face off…………………………….just like the blog when the huns go under…………
hope these wee tails (see what a did there) cheer you up a bit, know you’ll all be sad, still miss ma dug fae 40 years ago!!
Ive always said we could never rely on Hibs but if they voted against Newco all would be forgiven.
Aberdeen,ABERDEEN FFS!
We should be doing deals with the likes of Aberedeen n Hibs whereby we pay the wages of loan players to them,give them higher percentage of gate reciepts in cup games etc etc.
Two teams who must vote against Newco and throw St Mirren in there anaw,
If Johnny Hayes doesnt sign, it will be a shattered dream.
johnnyhatesjazzcsc
Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. says:
9 January, 2012 at 19:34
I’ve e mailed you with my thoughts.
Most Aberdeen fans that i know detest the Hun
they will be enraged if their club votes in favour of Newco
League re-construction and Freemasonry will make sure the huns wont get relegated.Best we can hope for is a points deduction for 3 seasons along with no European football.And i wouldn’t hold my breath for that.
!!Bada Bing!! Kano 1000 says:
9 January, 2012 at 20:20
Bada, you are Arthur Askey to bournesouprecipes
Billy Connelly.
.
Hello……………………………………………………………..
Sorry 2 be a killjoy………………………………………………..
They will never be allowed to go under………………………
Or……………………………………………………..
Get suspended or anything………………………………………
If they do………………………………………..
I will fry my pants and eat them, after running a ½ marathon naked
BigJoewhoHASbigYfronts
Another Arsenal defender injured
How funny would it be if Wenger recalled Bartley from his loan at the tax dodgers?
Oh ho, this could be the moment,
Burley slags the olympics live on air.
Jotters???
fingerscrossedcsc
….PFayr says 9 January, 2012 at 20:22
I get the feeling a lot of our fans wont be happy with PL, DD and the board when this eventually plays out mate.
Are you the woman Celtic fan who saw this incident
Published on Monday 9th January, 2012 by Celtic Trust
Appeal for a witness to an incident in Kinloch Street after the Aberdeen game 23 October 2011
Witness appeal
On 23 October 2011 after the game against Aberdeen there was an incident in Kinloch Street when a disabled Celtic supporter and his son were arrested by mounted police officers for allegedly shouting abuse at the Aberdeen fans while leaving the stadium. During his arrest the man was being held by the neck by a male officer mounted on a horse. When he was released to be grabbed by other officers on foot, the officer knocked the man’s glasses off. The man’s teenage son attempted to help his father and was also arrested. His younger son (13) was crying and in distress and during that time a female officer screamed in his face and threatened him with arrest. The child was subsequently abandoned outside the park and a steward had to wait with him till his mother could be contacted to come and collect him.
During the incident a female Celtic supporter asked the mounted officer, who was holding the man, for his number as she appeared to be objecting to the way the man was being treated. He apparently did not reply to her and left the scene shortly thereafter. This lady, who was in the 40-60 age group could be a helpful witness as the man and his son have now been charged with breach of the peace.
If you are this lady or you know her (you may have heard her speak about the incident) can you please contact the Celtic Trust via our website or contact Fans Against Criminalisation at fansagainstcriminalisation@gmail.com .
Could all fan websites or blogs please pass on this appeal.
I used to say that Murphy, O’Dea, McGinn etc were irish dross, and not good enough for Celtic.
At least however, all of them are international players.
Jonny Hayes FFS. Celtic class???
Had a Bassett called Woodlea. His kennel name was Jokers Choice very apt. Was a bit mental at times.
VP- How’s the Chopper doing mate? :>
Lux Celt-agree mate,hope its just a rumour.
!!Bada Bing!! Kano 1000 says:
9 January, 2012 at 20:28
Great mate,just washed it there.
Ten Men Won The League says:
9 January, 2012 at 20:24
they’re not that desparate, they’ll give Pat Rice a game ahead of the plastic hardman
Johnny Hayes…why when we have Mcginn
i thought our days of signing SPL dross were over
Barcabhoy says:
9 January, 2012 at 20:01
“Make no mistake, that regardless of how strongly I have criticised the board and the CEO over some operational issues in the last 3 years, I have no doubt that on this issue they will stand up for fair play”
Barcabhoy – I would hope so but I just cant see it – can I ask on what evidence you have arrived at such a firmly held conclusion ?