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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West Wales Celt says:
9 January, 2012 at 21:04
Celtic FC hate the huns.
Son of Dan
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 .
Celtic40me, 21:08:
Undoubtedly, but do Celtic PLC?
.
Reeeeeeeeeeeeeeee
Jamie Vardy…………………………..
Senior career*
Years Team Apps† (Gls)†
2007–2010 Stocksbridge Park Steels 107 (66)
2010–2011 FC Halifax Town 38 (27)
2011– Fleetwood Town 17 (15)
BigJoethisksTheLADlooksGOOD
PFayr
Agreed!
But can they ignore a body of supporters including Associations/Trusts etc?
Probably! But it would be a little more difficult for the SPL if they went armed with a legal opinion that the remit for this decision requires a GM and the passing of a Qualified Resolution Requiring 90% or more rather than a Board matter requiring a 51% vote from 6 members consisting of a representative from Celtic, Dundee Utd, St Johnstone, can’t remember other club, a legal representative and CEO of SPL. Or if it is deemed a Board matter then approaching the SPL on the basis of changing the rules articles to tighten them up prior to any liquidation event.
We can be sure that the rules/articles will change after the fact and most likely have been written in readiness so another member cannot take advantage of them as they stand.
A premptive strike would, IMO, be the best tact. Only supporters can organise this as no matter our clubs position I don’t think they can be seen to act before such an event takes place.
MWD
Glad to see the manager of the English huns has confidence that Ally and the orcs will win the league.
I presume he has the same confidence in their English counterparts turning it round and winning the EPL?
… laughedtilInearlychokedCSC
PFayr – agree mate – sorry I misundertood
2 nil cliftonville
The short answer is no PLC can “Hate the Huns” there Legal responsibilty is to the shareholders only, morality will only exist in so far as it exists in Law unfortunatly, so retibution is is in the hands of HMRC only, do not ever ever ever expect the SFA to do anything that benifits us over the Rangers
Re Johnny Hayes, good young player but no thank you please.
I do not see the sense in stockpiling at this time. First teamers only.
However, if buy em young bring em on is the policy then I would prefer Johnny Russell, I like the cut o his jib. He is gallus.
Or we could buy them both and play it safe with the two Johnny’s up front.
I kid you not – Burley just name checked Anthony Worall Thomson on ESPN !!!
tj
bollocks now 2-1 dungannon immediate reply
West Wales Celt
Don’t think he actually said as much
Henry scores
Barcabhoy,
When you remove £20m of Sky tv income from the Spl you remove any possibility of the turkeys voting for christmas.
Could Motherwell, Hearts, Kilmarnock etc suffer potential loss of £1-2m per year without removing wages and survive?
Lord alone knows what Romanov is up to but are any of the clubs in the process of clearing out players and or reducing the wage bill? Don’t think so.
These folk are going down the stank along with RFC unless they all get together and protect their cash cow. Celtic are left on their own unless those with a model that could cope without the tv money vote against it with Celtic. I for one cannot see any other club being able to cope and even if they did do they want to inccur the wrath of the estbalishment?
Celtic are lobbying for a 3rd division start but this means the tv money goes out the window with Rangers.
My favoured model would be to take the 6 titles, 2 league cups and 1 scottish cup that we should have won, give newco a fair go in the new league set up.
Mind you, if we gave it a few years without Rangers and enough clubs survived we may discover Scottish Football is better without them. For that to happen we need enough to vote for RFC 2 starting in division 3 and have them survive. What level of input would sky be prepared to give to keep the ball rolling? Any new league set up would need to be run on every club adhering to zero debt policy. If RFC 2 start in div 3 I would say that a fair few of the 2 club supporters (eg Morton and Rangers) would side with their provincial team. RFC 2 may find it hard to climb the leagues but I would hazard a guess at them maintaining 10k supporters IF they retain Ibrox. A club like this in the lower divisions might climb within 3 seasons. They may get back the support they had during the triumphalist years but it may be the case that some permanently defect to the Mortons of this world. That scenario is sustainable for Celtic and Scottish Football but short term funding for the turkeys would need to be found.
Maybe I shouldn’t call them Turkeys if we need them to be reasonable mind.
Oglach
The labrador you had seems to have similar “brave” characteristics to mine, a choc lab bought by my girlfriend (now wife) seven years ago.A fantastic
dog that I adore.
My mate told me recently about being visited by his uncle when he was a kid.The uncle had a dog called Chancer. The uncle would say to the dog
“chancer is that Billy McNeil out there”. Chancer would run to the window waging its tail full of joy.
Later the uncle would shout “Chancer look its John Greig”. Chancer would go mental & run at the window barking and growling.
Chancer would then be told he was a good dog.!
Standard Henry finish – like he’s never been away
TJ
Spoke to my mate in Graz re Hamdi Salihi, comes from a respected football family and i trust his judgement, says he’s an interesting player but not sure he would make manage it at Celtic. Just passing on some feedback bhoys Hail Hail
Nice finish from Henry
Arsenal take a small step towards their first trophy in 7 years :)
Oglach,
Did Cliftonville re-sign Liam Boyce?
Dog lovers…
pretty jealous TBH
No affection for any domestic criter I’m afraid.
what’s this ?
“Celtic TV on for 3 hours every Monday on premier sports from the 17th”
Chelsea boss Andre Villas-Boas backs Rangers to win SPL screams the BBC Scotland sports headline
Naturally upon reading the article he says no such thing
Barcabhoy
I almost agree with you except reading Article 14 it states it is a matter for the GM passing a Qualified Resolution requiring 90% rather than a Special Qualified Resolution requiring 83%.
I also believd that Celtic will take the stance you believe they will but they may well be a lonely voice shouting in an empty room.
Paul67 believes this is a reserved matter for the SPL which requires a majority were selected representatives vote. I also believe this is the SPL’s view.
I think it would put pressure on the SPL to enforce their own rules and articles rather than bend them to suit a Newco. As I stated in last post getting the CST/CSA and possibly other clubs supporters organisation who would be against a Newco being transferred the oldco’s share would be a good idea. Premptive strike armed with legal opinion either to make sure the rules/articles are enforced or armed with the evidence that the SPL require to call a GM to pass a Qualified Resolution tightening the rules prior to the Newco situation arising.
Celtic cannot be seen to act prior to the liquidation event occurring.
Auldheid Cheers.
Bigjie Wouldn’t touch him with a barge pole barge pole operator.
MWD
Ole Goldstar10 played a blinder today.
Hail Hail
Have to say I’m really pleased to hear ex Celt Craig Burley doing the co commentary on this Arsenal v Leeds game. Always good to hear an ex Celt on TV, especially one as erudite and articulate as our Craig.
Ole Thierry Henry’s got the Captain Haddock look, still passing it into the net mind you.
West Brom confirm Scott Allan has signed for them
Another ‘target’ escapes the fat game show host’s bulging warchest
Who is still on the Huns Board of Directors after all the recent resignations/ sackings?
Not read back on yesterdays blog but IMO Dylan McGeouch looks very special.This boy needs game time.
Why add to the squad with J.Hayes ?
Giveyouthachancecsc.
Just want to say thanks to everyone tonight who offered condolences and recounted about pets past and still plodding along! Been a hard night, but it’s a new day tomorrow, bed calls…
RATM…
Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%.,
Any idea on how the selection process works that would pull together the representative clubs who would vote?
Moonbeams:
In years of reading this site, your idea here, that the Associations should pony up some dough and arm themselves with legal opinions on whether the HMRC FC should be allowed a straight jump back into the SPL as a NewCo is the best I have ever read on here. Easily.
I will put my money where my mouth is on that score, and pledge towards the fund.
Meanwhile, Marcello Lippi was caught red-handed with a can of paint spraying ‘”7-1 ya bass” all over Hampden…
I suspect Thierry has peaked early in his 2 month sojourn…
:-)
neveralone:
Take your point; I should read and not react to (hunnish) headlines, mea culpa…
just a wee bit of useless info bhoys!
was briefly in the company of an ex gers player who played with Kris (fat arse)boyd at weekend..the question came up about boyds return to the huns…….the answer was that he had not recieved one single enquiry about his services from ANY club at all INCLUDING them!
HAIL HAIL
Anyone else look up Henriks age? 6 years older than Thierry :-(
James Forrest
Currently drawing up an email for the attention of Joe at the CSA and Jeanette ate the CST.
I’m not a member of either so my voice my not be heard.
Maybe if someone’s dad who is in with the CSA putting a we word in with Joe re. armed with legal opinion could help. Would you know anyone who has a dad who could possibly do that if his son wrote up an email to that effect? :o)
MWD
Robbie Savage wise words on Henry:
“The way he promotes the game, the way he promotes his life, he’s just a fantastic ambassador for the way he lives his life”
WTF does that mean !!!
Hahahaha !!!
If someone collated a book of Savagisms, it would probably outsell the Bushisms.
TJ