Quantcast

Directors bail as court orders served

449

Walls are closing in on Dave King with the news that the Takeover Panel were granted a court order to force the Newco chairman to offer to comply with count instructions that he buy out shareholders outside his concert party.  Money for the offer, totalling £11m, has to be in place before it can be made, which is the sticking point.

While all of this MAY be no more than an administrative oversight, Newco have just announced the resignation of two directors: Paul Murray and Barry Scott.  Murray, a director of former Rangers, has been an absolute charm.  How Newco will survive without his Midas Touch is unknown.

Directors of a business are liable for its conduct, have a duty to protect the interests of all shareholders and creditors.  If they fail in this duty, they can be prosecuted.  Paul Murray was a close ally of King, especially during the years the Glib and Shameless one agitated to get control of the club he supported all of its life.  To paraphrase Deepthroat, follow the rats off the ship.

The Newco experiment has failed.  It is a shambles at every level, drowning in toxicity, with regulatory, legal and funding challenges out with its control – and things are not going too well on the field either.

Remember, current custodians and fans groups chased the Easdales (actual benefactors) and one of Europe’s richest men (who loaned Newco five players), out of town.  For what? They knew the money they had.  They knew there would not be a Nomad in place “within 48 hours”.  They were not Fergus McCann-type newbies to football, they knew the resources required to run a football club.

They knew all of this better than you or I, but we were the ones pointing out the blatantly obvious.

Where is the Mea Culpa from those who led the fans?  Who is there left with clean hands?  When will fans be told how bad things actually are (they are very bad, btw)?

Click Here for Comments >
Share.

About Author

449 Comments

  1. well if your gonna be in to corruption why not learn from the masters italian

  2. fergusslayedtheblues on

    David66

     

    re our wee chat earlier re snyde and the shaun dyke moonbeam

     

    taken from a post on TSFM site

     

     

    SSB on now Mark Guiddi i believe, he has made the claim that Sean Dyche was on the radar and now they have moved to SG. This nonesense has to stop and if sevconians do not do their homework they are walking into the abysiss.

     

    So when was he on the radar

     

     

    was it after this

     

     

    McInnes knows it might have been his only chance to manage his boyhood club but he couldn’t turn his back on Aberdeen.

     

    ByScott McDermott06:00, 10 DEC 2017Updated11:58, 10 DEC 2017

     

    and was it before January 2018

     

     

    Mark Critchley Northern Football Correspondent@mjcritchleyTuesday 23 January 2018 17:32 GMT0 commentsSean Dyche has signed a new four-and-a-half year contract with Burnley, extending his commitment to the club until 2022.

     

     

    The 46-year-old, who was linked with vacancies at Everton and Leicester City earlier in the season, is set to see his weekly salary rise to approximately £70,000.

     

     

    C’mon gies piece with this nonesense

     

     

    you were indeed correct COMPLETE BOGS DOLLOX

     

    HH

  3. 1-1 I’m with Delaneys I hope Liverpool win this and go on and win the CL.

     

    Can’t stand the Italian cheats or the Spanish divers from Madrid.

     

     

    D. :)

  4. Delaneys Dunky on

    David66

     

     

    Sardines on toast for Saturday night supper with a few pints of Guinness in me is perfect munchie food. Much better than a dodgy kebab.

  5. Mahe the Madman on

    50 shades,

     

    Theres whitebait in frittura misto ( spelling ) which I love. Italian mixed fry I believe that translates as.

     

    Thats those little ones you eat whole right ?

     

    Im still finding new things to eat all the time. The food is good here. The chicken tends to be very sweet because its eaten corn all its life usually,,same goes for pork. Cows that ate grass cost more. Bacons crap though.

     

    Best food i ever ate was in Italy,,different level completely.

     

    Subway for dinner tonight,,cant be feasting everynight.

     

    Hail Hail

  6. Delaneys Donkey…………..its supposed to be the champions lge. Madrid for me they are the only Lge. champions left in the dam thing

  7. FSTB ano what a lot of tosh, well they never let me on to pull Guidi and Rae up, probably because I ragdolled Rae the last time about his EBT loan, the cheating thick Dick ???

     

     

    D. :)

  8. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    SETTINGFREETHEBEARS

     

     

    I can’t answer definitively,as I didn’t previously realise there was a question involved! I simply assumed that the “option to buy” clause was quite simply that-the two clubs have agreed a deal at £X for the purchase of the player at the end of the loan deal.

     

     

    But in much the same way that clubs can agree a fee for a player in other circumstances,the player cannot be coerced into making that move. He may be keen on the idea at the outset,but it is likely that other clubs will be sniffing around too. With,perhaps,higher salary offers.

     

     

    Where the “optioned” club has an advantage is that the selling club can demand,say,£20m instead of £7m from outsider clubs. In which case,it probably makes sense for the player to stick to the original plan and continue his progress-towards becoming a free agent.

  9. The Battered Bunnet on

    SFTB

     

     

    “You have merely paid for the right to ask the girl to dance”

     

     

    Not even as good as that. You’ve only agreed (with her big brother) how much a dance will be.

  10. i'vehadtochangemyname on

    I’ll never understand how they can look at being done over by murray (see TBB’s post earlier), they think they will get another.

  11. DD, Ma poor Da used to get Sardines and toast at 10pm, sometimes after doing a double shift in the Goodyear factory when I was a kid

     

     

    Ma maw and Da’s bedroom must have been stinkin

     

     

     

    ??

     

     

    D. :)

  12. SP I think you are right. Did he know say that a roll and Skwer sausage washed doon way an irn bru chaser was the reason why? ??

     

     

    D. :)

  13. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    The new Captains of the Universe,CAMBRIDGE ANALYTICA,bite the dust.

  14. Mahe the Madman on

    If Corkcelt hasnt came on to defend the supremacy of his local black pudding then maybe he has flounced.

     

    Corkie please come back. And now I gotta google potted haugh. After Hamish’s walk hes just let me know. Laters.

  15. Delaneys Dunky on

    Hankray

     

     

    I like Cristiano Ronaldo.

     

    He bought me a drink in his CR7 sport bar in Lisbon on May 27 last year. Treble day.

     

    Kikinthenakas is CR7’s greatest ever Republican rebel/Celtic songs, Fenian DJ.

     

    How special is Tom Rogic?

     

    Fastest boats for feet in Scotland.

     

    Potential World Class like Henrik Larsson and Danny McGrain.

  16. SP a piece in crisps, hard butter, crunchy crisps, put the piece top piece on push down and crunch…then loose half as you try to eat it….

     

     

    I’m trying to lose weight…, ffs

     

     

    D. :)

  17. Celticrollercoaster supporting @WalkWithShay on

    DELANEYS DUNKY

     

     

    You have mail ( hopefully)

     

     

    HH

     

     

    CRC

  18. DAVID66

     

     

    Young Mrs Starry just looks on incredulously when I show her Scottish Haut Cuisine like a piece and crisps:))

     

     

    And me 20 odd years in the kitchen as well:))

     

     

    Chefs always eat a load of shite at home:))

     

     

    Piece and Mince CSC

  19. Food

     

     

    My dad is Lithuanian

     

     

    He had a poor upbringing but

     

    Had his own engineering business

     

    So is not short of a bob

     

     

    Maybe his upbringing but I remember him going to butchers to buy

     

    Potted Haugh for the dog and ending up eating it

     

     

    He washed down with the foulest of drinks from butchers sour milk

     

     

    My mum banned him from the potted haugh long before mad cow disease probably put it into history

     

     

    My dad says there is nothing he will not eat but he likes some things betters than others

  20. Delaneys Dunky on

    David66

     

     

    Would come home to Kirkton fae the dancin and usually all that was available for a munch was a tin of sardines in the cupboard and a loaf. Became a post bevvy delicacy to me.

  21. Delaneys Donkey……………Christian Ronaldo from humble rural background of Madeira. Lovely place for a holier.