There appears to be a degree of confusion over the report Rangers International FC PLC have commissioned into the conduct of its directors. This report resulted from the revelation that Craig Whyte was a director of Sevco 5088 Ltd, the company which paid for exclusivity rights and had an irrevocable agreement to buy the assets from Rangers administrators, Duff and Phelps. Several RIFC directors were unaware of links between Whyte and Sevco 5088 and were so concerned they demanded this independent inquiry.
In short, the board need to know if information given to them by fellow director, Charles Green, is wholly correct and reliable. Another PLC has also told the stock market they have made a report to the Serious Fraud Office, for a company director, this cannot get more serious.
The report is unlikely to come to any hard conclusions as to the legal status of assets like Ibrox Stadium, that is a matter the courts could later take a different view of, or of the club’s entitlement to associate membership of the SFA, which will be a matter for Mr Ogilvie and his board. It will more likely do little more than inform the RIFC board if they have reasons for alarm.
On becoming aware of a potential serious corporate matter directors must take steps to confirm any disputed information, consider potential consequences for the company and correct any stock market announcements which were subsequently found to be inaccurate. This is the road the RIFC board have gone down.
If the report indicates that the courts are unlikely to rule that Sevco 5088 Ltd can be considered a part of RIFC group, and that its entitlement was inappropriately assumed by Sevco Scotland Ltd (now The Rangers Football Club Ltd), the directors will then, and only then, have enough information to decide if some of their worst fears will be realised.
If Mr Green found his grilling by STV difficult, he will find the forensic accountants and lawyers no less taxing. In answer to their questions I wonder if he’ll say, “Define Craig Whyte”.
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is the youth final played to a finish tonight?
HH
Schoolboy formations in the Barca game. ” Pure magic” btw… It s all out charging up n down the pitch..
Where’s your 4-5-1 s now?
Get intae them…
HH
Fabregas is the weak link….
has jaba done walking away or is he the blue pimpernel, gone very quiet for a long long time mibe he could do everybody a favour & take the wonderful pension chuck promised him?
God forgive me I hate that wee troll Robben..
Petrovschef
Cheers buddy
Mate just phoned Sky to cancel sports channels,said he only watched football and close season coming up,they gave him 4 months sports channels for £5.
Bayern don’t do mistakes, do they….!!!!!!!!
Bayern defending well and in numbers, breaking at speed, a very good team…
Barca playing like Barca but Bayern not too troulbed. Great football.
Movie about murder of Escobar after 94 World Cup on ESPN Classic Sky 425 @ 11pm
starry plough
20:17 on 1 May, 2013
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Great talent, flawed character. I’m with you on that one. He would have been an ideal player for Porto v us in Seville.
Celtic Football Club @celticfc 8m
HT: Dunfermline 0 Celtic 0
Barca could do with Falcao or Hulk up front
I guess Barca will be in the market for a striker soon..
I think we showed the rest how to beat barca, keep them wide and don’t let them play through you and they are far more less effective.
no real invention for barca. Bayern scrapping away breaking everything up. look comfortable & taking no chances, defending well & trying to catch them on the break!
starry plough
20:27 on
1 May, 2013
I guess Barca will be in the market for a striker soon..
Celtic need to stick a “Not For Sale” sign on Mo “Bang Bang” Bangura
Higdon for barca.:-)))
Starry, any more thoughts about Berlin?
Last few times I’ve watched Barca I’ve got the distinct impression they could play all night and not score.
Barca pretty average without Messi fabregas average player dont like him afterhis bbehaviour at celtuc park with the arsenal.
Bayern dangerous in the break.
natknow – “we welcome the paper-chase…”
20:29 on 1 May, 2013
Or even better, they could go for elbows ……. Hahahahahahahahahahahahaha…
Barca have never recovered from that night in paradise.
They knew then the game was up.
LennyBhoy, 79-80.
The Yo-Yo of Honour
RRC
BMCUWP
BakuBhoy
Masty is Neil Lennon
Doc is Neil Lennon
Thank you , one and all .
The Kano Foundation (and yours truly ) are taking part in a fundraising Bungee jump at Xscape , Braehead on 11th May .
I believe the crane is 160ft tall , and as i’ll be hurling towards the ground at up 70mph , i hope they tie it on tight ! Maybe a triple knot might be an idea.
Please sponsor me – i’m not gonna give it “it would be great if you could” or “if you can find the time” – simply , please sponsor me . Gulp.
http://www.virginmoneygiving.com/team/KanoBungee
FFM, no probs. it was just a late-night kick-around of ideas – next time.
I fancy Bayern to nick one.
Not sure what they can do during the break. On the break maybe
Fanapatriot
Congratulations on your podium.
Trust the christening went well?
Why’s Messi on restricted game time these days anyway?! Am assuming it’s an injury-or has he lost his mojo since he was Lennied :))
yassss 1:0 to the hoops
1-0 celtic
Fortunes
Hamstring injury
67Heaven … I am Neil Lennon..!!.. Ibrox belongs to the creditors
20:33 on
1 May, 2013
natknow – “we welcome the paper-chase…”
20:29 on 1 May, 2013
Or even better, they could go for elbows ……. Hahahahahahahahahahahahaha…
An incur the wrath of 500M zombies?! Simple Lee would not sign for a smaller club than the Sevco anyway… ;-)
C’mon the hoops
jphn herron the scorer ..hit the rebound after the header came off the bar
Pogmathonyahun aka Laird of the Smiles
I’m up for it, I can’t book a flight this month as I am skint, we’re coming over to visit my Mum soon so our cash is already spoken for, I’ll have a look at the end of the month and see if I can get booked up, you’ve booked I see, well done Mate, I’m guessing I’ll be there!!
BT, wonder if they’ll risk Messi in the second half, if its a small hamstring injury he could end up with a major problem.
As it is, they are doing little, but an early goal in the second half and you never know.
Bayern have been playing well.