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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tommysbhoy
13:14 on 2 May, 2013
Correct.
How many games was he in charge for and what were his results?
We’re gonna need a bigger F5 button..
to who to whit
tommysbhoy
that’s the man. Couldn’t be bothered looking it up.
Mort
GREENPINATA 1256
Aye,indeed.
Fortunately my guardian angel works overtime when my lip does!
TB
just to be clear is that football teams or holding companies ?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
tommysbhoy
13:08 on
2 May, 2013
name a celtic player whoos played for three teams that have won the big cup?
T M
Nope
no. 4 Thomas Gravesen
4,755 but that was during the 3 day week.
Just spotted P67 in a restaurant and he`s just ordered his main course, so you`d all be better going for a tea or a walk.
iknowhowtofoolthemcsc
Henrik
Siesta time. snoooooooozzzzzzeeeeeeeeeee
1) Alan McInally
2) Pierre
3) Robbie Keane
4) Gravesen
5) Di Canio
mort
hehe…
2 nil btw.
1) Alan McInally
2) Pierre
3) Robbie Keane
4) Gravesen
5) Di Canio
6) TKOK
I’m sure it must be same for all Tims but especially for those living/working abroad….You know when you are watching a sporting event on TV e.g. The Master’s, and you catch sight of a spectator in the hoops and your heart swells with pride; mine does anyway!
Well, watching a programme about Mike Tyson on The History Channel about pigeon racing to raise funds for charity……… ‘Taking on Tyson’, they introduce the viewers to the teams of five taking part – from The Lyndhurst Club, The Bronx and from Brooklyn, and sure as goodness, there he is, in the Brooklyn team, a Bhoy in the hoops………… My question is………….. Why am I almost in tears seeing such an insignificant thing ( to some)…..Maybe because I’ve just came back in the house after watching the daily ‘Month of May’ procession go past my front door…. I don’t know……
Rambling now!!!
God Bless.
Regards & Hail Hail
TBM
1) Alan McInally
2) Pierre
3) Robbie Keane
4) Gravesen
5) Di Canio
6) TKOK
7) Chris Sutton
C’ mon Paul. Ma t break’s nearly up.
Must be a good u’n
dmacb88
some mhan..yi deserve top podium for that
h.h
B B
What does the F5 button do?
dmacb88
13:19 on
2 May, 2013
no. 4 Thomas Gravesen
——————-
I was thinking Gravesen, but did Hamburg win the BIG cup? Was it not the cup winners cup? I could be wrong.
1) Alan McInally
2) Pierre
3) Robbie Keane
4) Gravesen
5) Di Canio
6) TKOK
7) Chris Sutton
8) Roy Keane
tommysbhoy
Think we should have stuck with him rather than going for Lou Macari. Hard to believe that is almost 20 years ago.
To think where we were then to where we are now makes me smile.
Mort
JJP-ON
13:24 on
2 May, 2013
dmacb88
13:19 on
2 May, 2013
no. 4 Thomas Gravesen
——————-
I was thinking Gravesen, but did Hamburg win the BIG cup? Was it not the cup winners cup? I could be wrong.
they beat Juventus in 1983
THE BARCA MOLE
I pointed this strange phenomenon out to a hun mate once,
It has ruined his enjoyment of many a sporting spectacle since!
tommysbhoy
13:24 on
2 May, 2013
dmacb88
some mhan..yi deserve top podium for that
h.h
cheers, Im claiming that!
Top Podium! Yeah!!
someone check graveson..am too buisy
whit yi mean paul67s on holiday…
mort
13:26 on 2 May, 2013
tommysbhoy
And miss out on Carl muggleton?
Tony Cascarino
tommysbhoy
13:27 on
2 May, 2013
someone check graveson..am too buisy
Tommy played for Hamburg, Real Madrid and then moved up a level to play for the Bhoys
Since we are all just <a href="http://www.youtube.com/watch?v=R44s8ap2aj8Passing Time…
Here’s Jinky to entertain y’all
oops
link still works..
1) Alan McInally
2) Pierre
3) Robbie Keane
4) Gravesen
5) Di Canio
6) TKOK
7) Chris Sutton
8) Roy Keane
9) Tony Cascarino – who unbelievably has played for 5 (yes FIVE) previous winners!!
TB
Mabe you should have made it four teams
Henke
you’ve missed Roy Keane off that list