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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Auld alki leggo on form today,apparently enraged Celtic fans caused the 1980 riot.
This will no doubt be a FACT,as they say in some circles,by the end of the day.
Poor huns gallantly cheering the winning team attacked without provocation by enraged fenian hordes…………..:-)
the mighty reds (clifftonville v glentoran) BT
sorry forgot to ask how’s the peg? BT.
getting there masty..
cheers..
meeting Glasgow airport at 10 Friday morning, gary is on around 9pm who am a kiddin?
timmy7_noted
16:30
Aye, raging, so we were. We wanted to lose and were thwarted by that Danny McGrain and that George McCluskey.
blantyretim
good stuff mo chara….missin my 1st vegas ever this year GUTTED..
Masty
Its all true – full line up on http://www.rockbarbelfast.com was advertised in todays Irish News – sorry can’t do link thingy’s
Its gonna be a big Fenian Fest on the Falls !!!!!!!!!!
You can just see a guy rakin aboot in The Bellagio for another IP sign in………10,9,8,7..
don’t think the old bhoy is going either..
cliftonville celt from Belfast
you up for it?
Celtic Quick News just done the link thingy for me !!!!!
Thats amazing – I f#@*ing love this blog
BT,
that will be his 1st miss aswell then..??
Did i say The Bellagio……..i meant The Bellgrove …silly me…
masty
probably..
This one’s for the Fat Bhoys
blairs college on BBC1 just now.
Off oot, nae cyber fisticuffs when I’m no looking.
the exiled tim
16:13 on 1 May, 2013
Here’s one for the wee conspiracy book…… at the end of last nights match when The Chosen one congratulates the Dortmund manager, who is the Uefa representative standing in the background ? None other than one K Scott ex head of security at Ibrox . This is why I was sure that no matter what Howard Webb did in Reals favour last night ,the Hun team was always going to go through
Anyway C’mon the Barca
M1888
I thought that was Kenny Scott. but thought it was my meds..
Masty
Aye will be up after the match more than likely so might see you for a beer
Kenny Scott was as we know Eddie Smiths boss, now he has become a match commander…
mickbhoy1888
I wonder when Ogilvie will be summoned to UEFA? Probably when The Rangers need a European licence.
All fits into place. Ogilvie gets a job for life and The Rangers get their licence.
LB
Celtic manager Neil Lennon insists it
is worth “sacrificing” some SPL
matches for the long-term health of
his title-winning squad.
Centre-backs Kelvin Wilson and Efe
Ambrose and midfield pair Kris
Commons and Joe Ledley were all
given the week off before missing
Celtic’s 3-1 defeat by Motherwell on
Sunday.
They will be back in contention for
the champions’ clash against Ross
County on Sunday in Dingwall, where
Celtic lost on their last visit.
But goalkeeper Fraser Forster,
defenders Emilio Izaguirre and Charlie
Mulgrew and forwards Gary Hooper
and Georgios Samaras will be missing
after being handed an early holiday
this week.
Lennon is looking to keep his squad
fresh for the Scottish Cup final
against Hibernian on May 26, with
another eye on their early start to
next season with their opening
Champions League qualifier
scheduled for July 16 and 17.
Lennon told the Celtic View: “Charlie,
Sammy, Gary, Emilio and Fraser will
all be getting a break as they won’t
be getting an opportunity later on
and we feel this is the best thing to
do for them come the start of pre-
season.
“Of course Ross County will be a
difficult game – they all are – but I
have to think about going ahead,
moving on.”
Lennon, whose team are 12 points
ahead of second-placed Motherwell
with three matches left, added: “I
have to think about the lack of rest
they are going to get come the
summer, so all these things come
into our thinking.
“It’s been a long hard season for the
players and there will be another
long, hard schedule for them next
season, with the qualifiers coming
round so early.
“We are sacrificing a couple of games
now with forward planning, one, for
the cup final and, two, for close
season and pre-season.
“We are the champions and must not
forget that. The league is done and
dusted.
“You don’t like losing games but we
have to give the squad players an
opportunity now that the main games
are over.
“I want to play some of them and give
them some game time and rest the
guys who have played a lot of games.
“There are squad places up for grabs
in the cup final and it’s healthy to
have this competition.”
spikeysauldman
16:28 on 1 May, 2013
Excellent idea auld chap……. And may I borrow some straw from behind yer ears that you store yer totties in
ASonOfDan-Don’t want to see Commons til the Cup Final .
BB
commonsense ?
My Lord, but Kitalba has certainly livened up the blog, now maybe when I get a belt of his crozier I might not be too happy but for the moment I’m loving it. I am certainly prepared to make a donation towards operating expenses. If there was a small annual charge for being part of the blog would that not flush out the clowns with multiple log ins. In the meantime there should be a permanent box where people could just click put in their username and real name and their Visa/Laser details to make it easy to send a payment. Maybe that is already in place (I’m not the most computer literate of posters. A small Annual Charge every May, if you don’t pay your username gets suspended until you do. to quote Kojo “Makes sense to me”.
mickbhoy1888
Couldn’t have put it better myself >}
I remember watching the Dysfunctional Sociopathic Bedwetters in the aul burns howf…
The richest 300 people on Earth have the same wealth as the poorest 3 billion. http://www.youtube.com/watch?v=uWSxzjyMNpU …
backpack project http://www.youtube.com/watch?v=VJXnHlHHtmg …
blantyretim
16:43 on 1 May, 2013
Aye the instant facial recognition software in the newsroom of the Daily Mail is a handy thing
spikeysauldman
16:28 on
1 May, 2013
mb1888
yer sisters waiting for you – take some new straw
———
Honestly nearly wet myself reading that, brilliant!!!!
Re Greeks and silk shirts. Not sure if Alexander’s army would have had access to the quantities of silk required. Silk not mentioned in Greek literature until post Roman period – doesn’t mean they didn’t have access to it though but it would have been very rare. On the other hand the oul Mongols definitely wore silk shirts under their armour. The main velocity / force of the arrow was dissipated penetrating the armour but was still able to penetrate skin. The strong fibres of the silk wrapped around the arrow head thus enabling easy removal from the wound. Not sure if it would have helped too against an English long bow!!
PedantxanadupleasuredomeCSC
Bhuns Share Price now quoted as 54.5 even though last trade was 56. Not sure I understand that to be honest but that is what the site says.
corkcelt
17:01 on 1 May, 2013
==
Easiest way to pay a ‘wee’ subscription would be via Paypal. All very simple and one doesn’t have to disclose CC details, that is apart to Paypal.
BT-no point in risking a guy who has been carrying a knock recently,a matchwinner.Hope you on the mend.HH
oglach. Yes, you are right. I meant Genghis Khan.