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”.
[calameo code=00039017118d2251efdd9 lang=en page=136 hidelinks=1 width=100% height=500]
1,044 Comments- Pages:
- «
- 1
- ...
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- ...
- 28
- »
oglach
17:11 on 1 May, 2013
Have you read Conn iggulden’s books on the monogols?
Although they are classed as fiction a lot is factual, which he explains in the epilogues of his books.
And as you said the mongols wore silk under their armour for the purpose you explained.
As for long bows!!!
!!Bada Bing!!
18:01 on
1 May, 2013
Doing their bit to sell season tickets to the deluded.
I wish we could source Hateley’s attempt at 10 rounds with the English language when he was on SSB a few years back.You could hear the other pundits in the background actually trying to finish his sentences for him.
Fourcandlescsc
Michael
thanks for the heads up didn’t realise the LSE had this rule!
bournesouprecipe
My heart’s broken looking at that picture…
K33- I think wee Craigy Bhoy has sabotaged the huns ST sales brilliantly.
GoogyBhoy, ex Blairs, yes, 1979-1980.
Great times and memories.
You?
I wrongly thought last night that Kojo had followed the lead of SFTB & was about to take time-out of this blessed blog.
I wecomed that decision.
I should have known that this insensitive attention seeker was not capable of such a gesture.
His inflated ego would not allow it.
SFTB,… You are a man capable of realising your own understandable frustrations & dealing with them. God bless you.
Kojo,…You know, & so does everybody else on this site, that you are a shameless fool.
!!Bada Bing!!:
Haha I remember that well. The man is an absurdity.
This is the only country in the whole of the footballing world where ex players, ex officials, club executives, current players and vast tracts of the media can actually say, with straight faces, and apparent sincerity, that sporting integrity is less important than the health and well being of a single club.
In every single article, the SPL is slammed as being a waste of time. These people are engaged in nothing less than continuous warfare against the top division in this country. They undermine it at every turn, and the press goes right along with it.
Nothing would kill this game quicker than to give these people want they want. I suspect they are fully aware of that, but it doesn’t stop them.
There was a great line on Game of Thrones the other night that applies beautifully to this situation.
They would watch the rest of Scottish football burn if they could be king of the ashes.
That’s who they are.
BBC Radio Shortbread 810mw covering Youth Cup Final live Celtic v Dunfermline,WGS Fav 11 coming up too.
The Hun Hordes Fastened Wooden Boards…..
Tae The Front An’ Backs Of Their Toddlers’ Heids….
So That They Assumed The Squashed Peanut Appearance…..
Of The Legendary ‘Kenny Misser’….
Paul67 et al
UFO spotted over Glasgow.
Jim Traynor off his tether?
ASonOfDan
18:02
I think you are wrong – I blame the schools.
Where do you get a closing price of 54.5p?
How about here: http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00B90T9Z75GBGBXASQ1
“All we need is another troll”. What we don’t need is another Jim Goodwin like you, ya fud.
starry
It’s bandana size!
Kk
Why waste your energy mate
asonofdan
18:02 on 1 May, 2013
LOL…..!!!!
danso_1888
I honestly don’t have a clue as to why uefa are not taking any action.
I have my suspicions, but that’s all they are. suspicions.
If you look at who get jobs for life at uefa, maybes my suspicions are founded.
The tenticals spread far and wide.
Haven’t read back today, no time, but I wanted to comment on Phil Macs latest blog regarding those who wrecked seats at Firhill. He is 100% correct. We do not want or need that type of behaviour. I’ve done daft things as a young man and I grew up and stopped doing them.
I hope these young men do the same thing. ‘Exuberant’ support and vandalism are two different things. Thuggishness is not a trait I associate with Celtic supporters but I’ve met thugs who claim to be supporters. We’ve been great at self policing in the past and I remember with great delight a couple of incidents in the 80’s when decent Celtic supporters chased the fledgling Celtic casual movement before they got a chance to establish themselves.
I’m not suggesting the half wits at Firhill are the start of a hooligan group but they need to be given a message and then the opportunity to behave like real Celtic fans. Be loud, be passionate but through it all be decent.
Middle aged man rant over.
Barcelona:
Have won their last 3 home CL knockout ties vs German sides by at least 4 goals (4-0 Bayern, 4-0 Stuttgart, 7-1 Leverkusen)
JustSayinMind CSC
THE EXILED TIM:
Is there precedent, anywhere, for UEFA stepping in when a national association has not requested their assistance?
Can they do it? Have they ever done it?
Celtic Mac
17:54 on 1 May, 2013
Parkheadcumsalford
Mark Hateley is so thick that even his ghost writer needs a ghost writer.
Der Geist CSC
===========================================
I am led to believe he does his own writing….. doesn’t believe in Ghosts you see.
James Forrest is Neil Lennon! We are ALL Neil Lennon!
18:17 on 1 May, 2013
THE EXILED TIM:
Is there precedent, anywhere, for UEFA stepping in when a national association has not requested their assistance?
Can they do it? Have they ever done it?
========================================
Not sure but they did request the Swiss FA deal with Sion before they did. I think,
The Boy Jinky
18:15 on 1 May, 2013
Kk
Why waste your energy mate
____________________
It requires less energy to swat a pest than it does to suffer its annoyance.
James Forrest is Neil Lennon! We are ALL Neil Lennon!
i would have thought if a national association was ignoring a fifa,uefa directive they would not
need permission to step in.
RobertTressell:
Yeah I recall that. What would it take to involve them? Could one club request it?
We look at the corruption at the top of FIFA and UEFA and it’s tempting to believe the culture of the associations is so rooted in scandal that they don’t even notice it any more. But there are issues here that go beyond football.
It’s entirely possible that Sevconia is in violation of the law of the land.
Surely that has to bring some kind of scrutiny?
doc is neil lennon
18:10 on 1 May, 2013
GoogyBhoy, ex Blairs, yes, 1979-1980.
Great times and memories.
You?
……….
Langbank 67-69
Blairs 69-72
Loved it especially the football.
So today’s news is that an alleged football manager has watched a football player play football.
In other news, grass grows and paint dries.
James Forrest
Without googling it, I recall they did intervene in a few of the Balkan countries.
I’ll need to check that out mate.
If there is a precedent at all, it must surely be a matter of time before they step up.
What are they waiting for? Arrests?
Doc
There are quite a few Blairs Bhoys in here.
STV news coverage of Sevco (and no one else) “needing to strengthen” for next season
PlumbsNewDepths CSC
Re BT & Golf, Twas a team event 3 man Rumble two to count on each hole. We were 3rd out of eleven teams.
Re Lhads asking where I got Sevco Share Price of 54.5, I just googled R*ngers Share Price about 4 sites popped up I clicked on one and it gave the price I quoted.
Doc. Delighted to be Facebook Friends, I am not a prolific user but I’m sure we will share some stuff as we go on.
googy/doc
that is why I highlighted the snippet on BBC
James Forrest
Dallas was sacked by the sfa.
Uefa give him a job, a bloody good job to boot.
No chance they will step in
Yeah that’s what worries me too mate ….
blantyretim
18:32 on 1 May, 2013
googy/doc
that is why I highlighted the snippet on BBC
Cheers mate
With Sion I think it was an exception, as Uefa and Fifa are based in Switzerland the last thing they would want is Theit home countries Courts getting involved in Association Football.
That could have been the thin edge of a very damaging wedge.
Have sevco reduced their season book prices by £100 ……no, wait…..they cost aboot £100 this season……LOL ……seriously, though, have they announced their prices yet.?