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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Golf. Dont buy clubs. Get an interesting hobby
Zbyszek
Quality post.
the bould bhoys
And my reply was so wrong, I read your post wrong Doh…..
67 heaven
It must be the unseen Fenian hand again, or Big Peter Lawwell !!
Saint Stivs
Did you manage to convince your mate that you knew a Tim living in a cave ?
Zbyszek @ 22:39
well said. keep posting. don’t let him get you down.
The Exiled Tim
Ha! Brilliant.
TET
Do you hire out ur cave in the high season?
Zbyszek
you are welcome here anytime and I am sure you know you have many friends on this site..God bless my friend..
I also said a prayer for Steve today…
zbyszek
22:39 on 1 May, 2013.
Straight from the heart mate.HH
Zbyszek
22:39 on
1 May, 2013
Brilliant mate you’re a blessing to this site.
Emdae know where can I learn Esperanto?
Pogmathonyahun aka Laird of the Smiles
21:55 on
1 May, 2013
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.
Aye and you know who the first team from Northern Europe to win the European Champions Cup were! ;-)
Tet.
Aye. Your howff is Beyond convincing.
Great live. Ta
67Heaven … I am Neil Lennon..!!.. Ibrox belongs to the creditors
22:08 on
1 May, 2013
I’ll be honest, I find that a bit worrying. If these events are getting banjoed purely because they’re linked to Rangers then it’s setting a dangerous and worrying precedent.
If the Milngavie Town Hall one has been going on for 15 years without complaint (until the single one received presumably sometime since last September), then perhaps EDC should have sent an observer or something and if something objectionable occurs fine, ban them.
All this does is raise tensions and result in tit-for-tat complaints and events being binned undeservedly.
Great pics. Bloody phone
zbyszek
22:39 on 1 May, 2013.
I do not post very often but always enjoy your contribution especially your insight into players we in Scotland have very little knowledge of.
I do not know you but from reading your posts of many years you have a very balanced outlook towards many issues. I am sure you have many supporters on this site.
Jude2005 is Neil Lennon \o/ :
http://lmgtfy.com/?q=where+can+I+learn+Esperanto%3F
I think SFTB’s voluntary and hopefully temporary exile has galvanised the good ghuys and more & more the few who are creating dissension are being isolated. I know you need Devils advocates and unusual characters to spice up debates but you don’t need trolls and people who appear to be actively undermining the Blog. In many ways SFTB’s silence is more effective then anything he could write. Having said that I hope he comes back soon.
Quick question……Celtic players who have taken over in goal after the keeper has been injured and no substitute keeper on the bench ???
Over Two Million Poles Died In WWII…..
At The Hands Of Hitler And Stalin’s Goons….
A Proportionally Larger Loss Of Their Population….
Than Endured By Any Other Country….
ThomTheThim
Thanks fur the Nod,pal..
Much Appreciated.
It is good to know the This McGuinness Fellow… is aware of that Secret Ingredient.. and has proven in the Past, that His Teachings oan the Subject.. of the Mental Aspect of Playing the Beautiful Game…
That the Correct Mental Attitude..Can.. and Wull Mak a Difference.
in Becoming a Successful Soccer Player.
Good Luck ,to him in his Endeavors .
Playing in front of a Large Crowd, can be a Nerve Shattering Experience.. for a Youngster..and ..
Old fashioned.. “Stage Fright”… is a very real Possibility…which can Numb the Senses.. and cannot be over-looked..when Making a case for the Psychological Approach
in the Preparation and Training of, not only in the Obvious Physical, And Technical Sides of the Fitba’in’ Education of our Young Hopefuls,.. but,in the Mental and Emotional Side ,as weel.
Ah am gled that Celtic have.. At Last???..
Recognized , that .. there is a Missing Piece in their Training Curriculum..
and hiv decided tae Bring in.. A Guy with the Necessary Credits and Expertise.. tae Fill in that Missing Piece.
in The Preparation of the Complete Fitballer.
The Right Attitude, which Ah hiv described.. Is the Philosopher Stain.
To Achievin’ Success,in Soccer…
Although, I do not have any Soccer Skills.. Whatso evah..
Ah do Hiv..
The Right Attitude.. in Achieving Success ..in the Career.. which Ah choose tae :Pursue
Inasmuch ..
That I , am the Lucky Possessor of A..
BRASS NECK.. Which is Even bettah..than ..
Hivin’ that Gallusness,which Ah spoke aboot earlier..
A Brass Neck.. wull get you.. Everywhere!… in the Career which Ah hiv followed
Again.. It’s An Inborn thing.. A Gift… which canny be ..Learned.
Ye eethur Hiv Wan..or. Ye Dinnae!
and it is the Reason .. That Ah hiv Goat Where Ah am..in this Rat- Race.
Yep..
Ah always Say..if Ah am asked.or.. even,if Ah an NO ASKED..
A Brass Neck,is Like a Broken Drum..
… Fur….
Ye Canny Beat it,eethur!
Kojo
Still, Laughin’
zbyszek
Well said my friend – hope things are ok with you.
jude
No, but my neighbour does >}
Zbyszek, we have only talked briefly, you are a credit to CQN.
I hope you keep posting, I also hope SFTBs comes back before August. He is missed.
The loss to this site of his insight is great.
The loss of your input would as great.
Sometimes to scroll on by those who offend is the answer, sometimes opinions need to be confronted. It’s a judgement call which ones do.
Mike and Bernie back.
Oh flip theres two of them
67heaven … i am neil lennon..!!.. ibrox belongs to the creditors
22:21 on 1 May, 2013
what’s ios6?……apparently, I need it to update the weather channel app…..!!???
——————————————————————-
Go into settings tap on software update and update your software, simples. You should check every couple of months but it normally prompts you.
Zbyszek
Keep the faith. We all know you have goodness
in your heart.
zbyszek – Great post from the heart my friend!
The past 2yrs have flown by but he is never forgotten
Last one tonight bhoys. Need your support. . £1 , £2 . whatever you can.
The Yo-Yo of Honour
RRC
BMCUWP
BakuBhoy
Masty is Neil Lennon
Doc is Neil Lennon
TheCelt45
Cowiebhoy
FourGreenFields
PMTYH
AyrshireTim
Bradbhoy
DBBIA
Oglach
bognor bhouyle
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.
http://www.virginmoneygiving.com/team/KanoBungee
Sanna
Galloway winds up a hun. Lots of xxx lingo btw. Its a howler!!!
Paul might delete it.
http://www.youtube.com/watch?v=DiCqT6wuIQc
Sanna. No hard allowed.
ZBYSZEK. 2239
You are a poster I admire deeply,for many reasons.
I know that the post you reference upset you,and I do not blame you for that.
NatKnow
Ta.
Zbyszek
Love and respect to you brother. Keep on keeping on.
Ah,premature posting!
Ah,what the hell……
Rest in Peace Norrie Malloy. The wee toon of Coatbridge is a much poorer place for your passing. Only 41. Tragic.
Thoughts and prayer with his family tonight.
No hats. I give up