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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Jeg er Neil Lennon-Greeninbingley
great post
am glad you are well again
keep em comin’ (Stevie)
:)
Caught this on BBC4 last night.
Brilliant song. Brilliant singer. Brilliant backing.
http://www.youtube.com/watch?v=N4sZUfQ97po
Jobo I got the same email last Fri and I was meaning to let you and Palacio67 know as you both commented on it. Remember this edition includes the Hun game and everything was closed down for hols, so the wait would have been a lot less under normal circumstances.
HH to ye!
Full moon tonight Jobo oh er! The wolves will be at ibORCS door.
V
TC- the hun /STV partnership in full swing mate.
Posted this earlier:
When are the huns due to pay our bill for damage to seating and to toilet facilities? That must run to quite a sum!
If they are still around when we are next due to play them at home we should demand a deposit be paid upfront to cover any likely damage – along with upfront payment for their ticket allocation.
Any idea how much the bill for the damage runs to?
Starryhope
It goes without saying…..but I’m gonna say it anyway.
Had we been involved in any of these shenanigans, the wild speculation, the mock-shock-horror and ‘controversy’ would have been, to coin a phrase, Off The Radar………..Wee Chick would have been doorstepping everyone, EVERYONE ……mangling the Queen’s English in an attempt to paint us in the worst light possible….he’d have been at Celtic Park and lennoxtown simultaneously…. and soliciting all opinions from various talking heids.
It would have been a cluster-love of faux worried devilment.
Hell mend them.
HHH.
Douglas Fraser on BBC
what are the implcations for Rangers ? – none, there was less than £1,000 traded in Rangers in the last quarter, after all this stock exchange were the ones who forced Craig Whyte to declare that he was disqualified as a director.
How can the BBC put such a fool up for public consumption ?
Real Implications – no credit from anyone, pay cash upfront or else nobody will deal with you. All contracts are effectively worthless. No club will sell a player to Rangers unless on a cash up front basis. Creditors will accellerate cash recovery.
If I had put that “there was no implications on shares being suspended” when I sat my accountacy finals I’d never have qualified.
Also a rephrase is required – This is the stock exchange was the one that Craig Whyte lied to.
I can’t believe we pay a licence for this dross.
Seville67
BBC highlights from yesterdays victory over Peterhead , available for those outwith the UK
http://www.kirkintillochemerald.co.uk/showthread.php?p=25602#post25602
!!Bada Bing!! Kano 1000
that’s it, boss, indeed
ah’ve decided to boycott STV
tweets, blogs, websites, liveTV…. the lot !!
whatever good it’ll do, who knows ?
but am doin it !
My dear,dear,dear,friend… The Singing Detective
Afore Ah leave..
Ah must Correct Ma Mistake in Ma Ultimate Posting..
Should be..
” Ah see ye Mair as the Wise and Drolly.. SAM WELLER.. tae Ma , Mr. Pickwick.”
Sorry aboot that.
“Ready when You ,are.. C.B.!”
Kojo
Seya Latah…
IbleaBhoy
Fairbairn knew fine who the Celts were, though. Big Joe B took him to Lisbon and his memories of Jinky featured in in his memoirs.
RATM
Shame about your wee pal, what was his name so we can add him to the Pantheon of Celtic Dugs on the old blog?
Radio 5 Live will interview Jordan Rhodes at half-time tonight.
“Most in-form striker in the country, watched by 8 EPL scouts the other night.”
double zero …
house number…burst
roulette gets you eventually
Smashin milk bottles,while your story regarding the greatest ever ranger,(more accurately described as the scumbag john greig),is interesting,more surprising is the discovery that ANYONE would pay that neanderthal even a paltry sum to grunt to members of the public.More importantly,are we having a beer sat evening after the game?,would dearly love to see all the brothers and catch up.
Blindlemonchitlin says:
9 January, 2012 at 18:54
‘IbleaBhoy
Fairbairn knew fine who the Celts were, though. Big Joe B took him to Lisbon and his memories of Jinky featured in in his memoirs.’
Reading a comic in a nightclub?
Just in, not read back so pardon me if someone else has sais this- – Surely it can’t be true that hunman can get away with not paying 40 million in tax by simply havine points deducted and a European ban fr twelve months. Surely, the two are not related. HMRC are not in anyway interested in Eufa or football matters and just want the tax that is owed. Sounds a bit like I’m had up for murder, but if I accept 6 penalty points on my licence all will be well!!!!!!!!!!!!!!!!!
This cannot be right, cannot.I mean, whats in it for HMRC , who would be happy with that outcome, naw, not right.
I’d love to see the total extermination of hun in all their filthy guises, make me sick
KINGLuBO
Auldheid
I note that you have been through the SFA rules with a fine tooth comb.
Any chance you could find the time to do the same re. the SPL rules/articles and give me your opinion on whether the decision to allow or not allow NewHunCo to take the place of OldHunCo in the SPL should a fall within the remit of the SPL board or whether you believe it is a decision for a General Meeting of the SPL members passing a Qualified Resolution.
If I had the dosh I would employ a decent solicitor to give an opinion on this but I’m told this would cost between £500 to £1000, possibly more dependant on how complicated providing an opinion would be. Not sure this falls under corporate law or whether a specialist football related solicitor would be required.
Also. If as Paul67 states this is a matter for the SPL board I assume both Celtic and the SPL board will know this at this time. If this is the case would in not be within the SPL remit to call a general meeting in order to attempt to pass a Qualified Resolution to change the rules/articles to prove the organisation is fair, transparent and above all prove they have integrity.
MWD
Did anybody notice that Truth18690930 was not on the blog for very long time?
Probably he understood his views on Rangers turned to be as same as yours. World is not the same these days.
starryhope says:
9 January, 2012 at 18:45
I believe that this subject comes up every time they come to visit.
I seem to remember that back in the good ol’, money flush days of Minty, there was an agreement that we pay for the damage that they cause- and they pay for the damage that we cause.
The old barter system, with no money changing hands.
Had a wee look in on FF to see how the bears were dealing with the latest news. Stumbled on this wee gem. This guy is clearly switched on to the problem and has found a technicality. Maybe PLUS will relist them when they have checked this point out;
Originally Posted by gordon_blue
Pedantic I know but when is 12 pm?
PM means after mid-day. So, 12 hours after mid-day. ie. midnight.
Or, do they actually mean 12 noon?
You would have thought a big, official organisation would have got this correct.
KINGLUBO says:
9 January, 2012 at 19:06
Sounds a bit like I’m had up for murder, but if I accept 6 penalty points on my licence all will be well!!
—
That, my friend, is how some orcs actually see this panning out.
Deluded doesn’t even come close.
thomthethim says:
9 January, 2012 at 18:37
Caught this on BBC4 last night.
Brilliant song. Brilliant singer. Brilliant backing
Absolutely love Kirsty McCall, one of the the best nights I ever had was watching her and the Pogues one December at the Barrowlands – same year as Fairy tale was released.
Fecking hate the plastic Paddy band supporting her on this track. About as Irish as the queen of England’s tits.
Another poster has since educated him on the meaning of 12pm :-)
(Must have been a timfiltrator)
Twisty
That bear has got the plus market marked.
:o)
MWD
MWD
What about this one;
Originally Posted by giantchelsea
Most people are more likely to worry about something they cannot influence as they have no control over the outcome eg sick kid on an operating table.
Rangers are sick, Murray infected us and many worry about the surgeon currently trying to save us.
The reply? See below;
If you found out the surgeon was banned from operating for 7 years then there’s plenty reason to worry, no?
Twisty
That’s a Tim reply :-)))
MWD
Hey guys, back from the vets. Just the wee mans time I guess, vet offered autopsy but personally think that’s a bit severe, for the old boy. He’s off to get cremated, gonna be weird not seeing him lazing about in the morning. Thanks to everyone who offered their condolences.
Blindlemonchitlin says:
9 January, 2012 at 18:54
I’m not ashamed to admit he was called Thom after hoops legend Andy, who was my favourite player when I got him. He’ll be missed that’s for sure.
….and my favourite so far is below. Can someone let this fella know the war ended 67 years ago and he can come out now;
“Could this be the start of a slippery slope towards administration? God I hope not.”
Erm…hello (hello)
I hear Jay Bothroyd’s Agent contacted CFC as his Client was not getting on with Warnock.
Three reasons why he will not be entertained:
Had his chance
Would command a large fee
New Manager, likely to be Hughes will scupper any move.
No thanks Jay.
Hamdi Salihi is one of a number of targets and there are Clubs showing an interest in him.
Keep the Faith!
Hail Hail!
RATM What a shame ,the wee dog has gave you and your missus more love and affection .than some so called human beings ,my daughter and her partner have a labrador called marmite,she had one of eyes removed to-day ,due to her having growths around her left eye. she is the most welcoming dog you could ever meet
TC – I posted last week if there was anything we could do collectively to bin STV.2 failing business’ that deserve each other i suppose
You just have to laugh at the STV idiots getting involved with the Ratners at this precarious time.
The Ratners going down will do enough damage to the STV.
Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. says:
9 January, 2012 at 19:06
I read your exchanges on the subject and based on what was posted I think the SPL Board could not act without the approval of the other clubs that they would need to get before making a decision.
In any case it is not just the supporters of Celtic who would be up in arms at any attempt to gerrymander a result. The integrity issue applies to all supporters.
Bada bing
Hope the wee ones party went well, also hope you had your usual Stokes Hat-trick on at 25s
HomeBhoys Celtic Phone-In Show here today 730pm
timbhoy2 says:
I’ve heard it said if a man is fortunate he’ll have two loves in his life. His missus and his dog, don’t tell the missus but she was probably right in her fears that I “loved that dog more than her”. My argument was always I’ve known him longer…
RATM says:
9 January, 2012 at 19:19
Great name for a dog mate – and sorry to hear of your loss – never an easy thing to deal with.
All the best.
Heard Today from very reliable source we are in talks with Jonny Hayes, Inverness Caley Thistle. Fee thought to be around 200,000.
Just arrived home to check Celtic site as assumed the deal was to go through Today. No news as yet i see.
Also the man himself said only a week ago Rangers were wanting to sign him so looks like we have stepped in to get him ahead of the other lot.