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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Last team to beat Barcelona both legs was dundee utd 1987 uefa SF
tallybhoy
21:31 on 1 May, 2013
Shortbread gave it to Smith, or I’m getiing as deef as you ……LOL
Italiabhoy,
You’re not far off the mark about Barca not recovering from that night in Paradise. Are they a one man team? Certainly Fabregas is not the answer. Still, Bayern were class. Great to see football played like that.
Bayern 3 CL finals in 4 years.
Gerard Piqué: “We have nothing to reproach ourselves for. When you come up against a team that is so much better, all you can do is congratulate them.”
sannabhoy
Dont have a clue how you would do it but a TEXT donation seems to make a difference.
See you on 11th
Wonder if Barca will now go out and sign a defence?? A right back who can defend and 2 x centre backs required.
Gerard Piqué: “Maybe the fans will take a bit of consolation from Real Madrid going out too, but not us. We are upset at having gone out and it doesn’t matter to us what Real Madrid do.”
celtic_first
21:35 on 1 May, 2013
Now that is sportsmanship of the highest level.
Boris johnson has announced that all chip shops will be closed on 25th May
Kikinthenakas
Very sad news about your buddy.
RIP
Borussa Dortmund will win CL…there I’ve said it .
You see, any team can lose three goals at home in a two leg tie and we only lost two away!
Piqué sounds like a genuine guy.
He impressed me at Paradise too, truly seemed in awe at the spectacle.
Well done big man.
Bet there are already towels on the wembley seats.
For all the CQN golfers, can anyone help me out…. I’m looking to take up golf and need guidance on buying a set of clubs c/w bag etc… Was thinking of paying circa £250.
Any guidance would be appreciated!
Hx2
Good night all
Again well done to the young bhoys
The future is Green & White
Dortmund v Bayern in Bundesliga this weekend, reserve teams???
gene’s a bhoy’s name
21:37 on 1 May, 2013
Boris johnson has announced that all chip shops will be closed on 25th May
——————————————–
Aye, and all grannies will be moved out of their houses to safe refuges in the countryside.
For a taster for the CL final, I think Dortmund host Munich this saturday with an 18.30 kickoff. Munich 20 points and +34 goals to the better but lost to Dortmund twice last year including a 5-2 drubbing last May.
Googy, if you’re lurking, photo on Facebook you might be interested in.
Tonight we may have witnessed the end of a great Barcelona team! Will they recover? Maybe not for a couple of years, maybe longer.
Paul67 et al
Cannot believe Pique is getting criticised on here, one of the World’s great players, with the medals to prove it. Last summer, as part of a two man defence, with Ramos alongside him, helped Spain triumph in the Euros. Maybe Barca should sign the latter.
The thing I admire about these top teams is the defending. Invariably, though obviously not always, their clearing headers are just that, they actually put the ball out of danger. I remember in a world cup watching a Mexican midfield player clearing a corner, his header went out for a throw in one metre from the half way line. How often in Scotland, and I don’t just mean us, have you seen a clearing header land in the D of the penalty area? Scottish football is riddled with carelessness.
KV67- you might be better buying a good second hand set of clubs for about half of that mate.Golf shops and Club Shops will have plenty.
*THE KING VIC 67*
21:41 on
1 May, 2013
I have an old set siting in the garage. Mix n match of clubs from about 10 years.
You can have then if you want, and if you decide you want to take up the game then you can buy new!
I gave up years ago and too much on in life now to play gowf. :-)
HH
CRC
Sky pundits talking about Bayern wingers Robben & Ribery working like dogs for the team and tracking back to help their full backs.
Are you watching Master Forrest ???
Thanks bada!
Have no time for Pique after this`http://www.dailymail.co.uk/sport/football/article-1294627/Gerard-Pique-spits-Spanish-official.html
Where’s (JABBA) Wally??
I see Kenny Shields is criticising the media for distorting his comments …..welcome to the LL, Kenny……..he was horrified…..we’ve been horrified for decades, but good he has criticised them….it would be ‘paranoid’ if the criticism came from Celtic …..
*the king vic 67*
21:41 on 1 May, 2013For all the CQN golfers, can anyone help me out…. I’m looking to take up golf and need guidance on buying a set of clubs c/w bag etc… Was thinking of paying circa £250.Any guidance would be appreciated!Hx2
>>>>>>>>
Are you just getting a false handicap for the cqn golf day in Aberdour :-))
Wanna Know Why.. Celtic, and Ither Teams,fur that Matter..
Hiv a loatta Trouble..
Unearthin’ .. a Gem frum their Farm Teams?
Well… As ye are so Nice and Good -Lookin…
Ah wull Enlighten, Ye..
The Reason,is
That.. Fitba’ing Skills… are No Enuff tae Break in .. tae the Big Leagues..
A Youngster also needs…
ALSO…
The Right Attitude, in order tae Be a Success,when He gets his Chance tae Step Up.
Attitude,is ..well.. No Everything.. but, Withoot the Right Attitude..
A Young Tyro..No matter How Skilled in the Fitbain’ Arts.. still Needs that Magical extra ingredient..
And..if he Disnae Hae the Right Attitude..and..
Believe me…
Very Few.. Folk Hiv it… Fur..
Ye Must Be
BORN wi’ it.. ye canny.. Learn it.. Ye canny Be.. Taught It..and ye soitenly Canny Buy it oan Amazon..
Ye eethur Hiv it…or ..Ye .. DON’T!
Noo whit in the Name of the wee Man ,is this.. Flamin’..
“Right Attitude”, that Ah am Atalkin’ Aboot…Anywey???
Well.. tae pit it as Plainly. as Ah can..which is ALWAYS a Stretch fur Me!
A Youngster.. needs
tae be..
GALLUS, as kin Be… and Hiv a Skin as Thick as an Elephant’s..but..no as Sensitive!
He must do give a Continental.. Aboot ..with anybuddy thinks Aboot him..
In short and in Long..
He must hiv ..
Supreme Confidence in His Ability tae Perform in the Big Leagues..
But..like Ah hiv said..
He must hiv that.. Je Ne Sais Qua…
Known , in the Glesca Parliamo .. as
GALLUSNESS…
Gallusness ,Plus .. Self-Confidence.. Plus.. Dazzling Fitbaing Skills..( May Ah point
oot… GALLUSNESS..is No the Same As SELF-CONFIDENCE.. Trust Me!..it’s jist..
A Loat DIFFERENT.)
that is the COMPLETE FORMULA ,fur a Youngster, tae Hiv..
If he lacks.. Any of the Ingredients tae that Formula..
Well..
He wullnae Mak it…in the Big Time… mebbe ,he wull in the Wee Time..
But
He soitenly Wullnae Mak it
As A CELTIC FIRST TEAMER..
And. ..ye kin bet ye Sweet Patootie… oan That.
Noo.. Ye Know..
Kojo
Still, Laughin’
Happy fur the Youngsters fur Winning the Double.
Germany 11 Spain 3, the power shift in football is heading towards Northern Europe. Let’s hope it moves a bit further North next season, bypassing England on the way.
On jury duty this week. Eye opening to say the least and a waste of public funds, when times are hard.
Modernisation is probably not in the minds, but a wee shake up would not go a miss but might upset the wigs!
HH
CRC
Bayern have run away with the Bundesliga this year, setting all kind of records but the league is still the most exciting. Both teams deserve the success.
Other than scoring an O.G. I thought Pique played well.He made some very important interceptions especially in the first half.
Have we seen a shift in power in European football tonight or will the Spanish regroup and come out stronger next year
Wonder who’ll get to do the official champions league final song. New Order?
Jaisket.