With genuine news stories on Rangers breaking several times a day, recriminations for past failures have understandably taken a backseat to current events, although Sir David Murray and Our Hero have experienced a taster of what is to come.
When the buzz of excitement dies down people will start to ask, ‘Whose fault is this awful mess?’ Board-level management at most public companies includes both executive and non-executive directors. The executives, commonly: chief executive, financial director, and others depending on industry, such as: commercial, technical, HR, run the business on a day-to-day basis. Non-executives are there to ensure the business is on the right course and to act as guardians of shareholders’ interests.
Wikipedia gives a useful summary for non-executive responsibility, specifically for: strategy, performance, risk and people.
Risk is the word I would like to draw your attention to here. Wikipedia suggests:
“Non-executive directors should satisfy themselves that financial information is accurate and that financial controls and systems of risk management are robust and defensible”.
Former Rangers non-executive director, Paul Murray, didn’t have any responsibility for team matters. He wasn’t the man charged with preparing accounts. Health and Safety were not his remit. Paul Murray’s duty was to ensure that financial information was accurate and that financial controls and systems of risk management were robust and defensible.
Risk management! This is the guy who yesterday told the media he was keen to setup a rival bid for Rangers. Good grief! It was his job to ask questions of the financial arrangements at the club which other shareholders were unable to ask. He was there to dig deeply enough into these matters to satisfy himself that the executive directors of the club were dealing with financial matters appropriately.
Whether they win the First Tier Tribunal or not, Rangers have already paid a heavy price for this tax issue, responsibility for which rests squarely on the shoulders of the non-executives who enjoyed the prestige of being a Rangers director (I know) but failed to carry out their duties to a standard that protected the club from meltdown.
Give him the job!
One final push (this week) for the Vanessa Riddle Appeal. We have a Celtic top signed by the first team squad available to auction on eBay. You can bid on the auction and help send Vanessa for the treatment she needs by clicking here. Thanks to Penfold for the donation and to Taggsybhoy for organising (yet again).
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Just had an wander into my local pound shop (not the one in Govan)
They sell a bundle of hankies printed as fifty quid notes.
Would be awful if these made their way o our next engagement at Ibrox.
Off to work to distribute these to the downbeat hunnic hoards.
Defiant Ally McCoist upbeat about Rangers future
Ally McCoist was in defiant mood at the end of a grim day for Rangers as staff and fans came to terms with the Glasgow club entering administration.
With the Scottish Premier League’s 10-point penalty all but ending their title bid, the Gers boss takes a long-term view, asking fans to back him.
“We will be doing everything to make sure Rangers comes out the other side far better and far stronger,” he said.
“But there’s no getting away from it. It has been a very disappointing day.”
(Disappointing!! A master of understatement is Sally)
I’m Neil Lennon (tamrabam) at 11:35
The huns got 25 million quid from ticketus
They also got 1 years season ticket money approx. 15 million quid ish
They also got 6 million quid for Jelavic
Assume they also got some ticket on the day income
Assume they also got some TV income
All in all about 50 million quid ish
———-
I don’t think they got £15m quid from season ticket money as that was part of mortgaged amount and infact cost them £6m (i think) to service that debt. Doubtful also if Everton will have paid them for Jelavic in one lump sum. Also not sure when TV money is paid, might not be til end of season.
Mort
Can anyone tell me what Brian Moore said on Talksport this morning?
I see him being backslapped on line for his common sense approach to the Rangers ‘crisis’.
Gordon_J backing Neil Lennon says:
15 February, 2012 at 11:40
Defiant Ally McCoist upbeat about Rangers future
Wonder how defiant he will be when he gets his jotters.
jimmci: 15 February, 2012 at 11:34
”Call for the Prime Minister to intervene in the HMRC v Rangers Football Club tax issue
“Responsible department: Her Majesty’s Treasury
“Rangers Football Club are one of the biggest sporting insitutions in Britain in terms of support,stadium,history and trophies won. There is a need for a swift resolution to the tax case with HMRC, the way the club was run in the last 14 years by Sir David Murray as well as the last 9 months by Craig Whyte and any administration or liquidiation so that the club can prosper once more. There is a precedent with the prime minister lending his support to Portsmouth FC. Will he do the same for fans of Rangers FC”
I am utterly stunned by that. How dare they forget to mention the synchronised poppy displays…
BRTH @11.30
Spot on mate could not have put it better (thumbs)
This shows has just started
Havingapartywhenthehunsdiex csc
is it true that we last won the title at ibrox in 1967? was in the herald, ITS DESTINY!!!
The mass settlement of up to six years back-tax relating to image rights payments saw as many as 15 Premier League clubs strike a deal with HMRC, including Chelsea, who paid out £6.4million to settle their disputed bill with the authorities.
The highlighting of Premier League image-rights deals is part of a deliberate targeting of football by HMRC that has ranged from individuals such as Harry Redknapp, cleared last week of tax evasion, to major clubs including Rangers, who were tipped into administration on Tuesday by owner Craig Whyte in an attempt to avoid tax liabilities he claims could stretch to £75million.
The Daily Telegraph revealed on Tuesday that, according to HMRC sources, up to eight Premier League clubs have been scrutinised for the same issue facing Rangers, the use of Employee Benefit Trusts.
The Premier League contests that view however, saying that it is not aware of widespread outstanding issues relating to EBTs in England.
Under new legislation, companies with disputed EBT issues had to settle them by Dec 31. Arsenal are one club that historically used EBTs to pay some players but they are understood to have resolved any issues with HMRC.
The image rights settlement was a rare victory for HMRC in a campaign that has received sharp criticism, notably in the case of Redknapp, who was cleared of all charges following a five-year investigation costing up to £8million over around £80,000 of disputed tax.
The image rights settlement came after intervention from the Premier League, which liaised between the taxman and its clubs in an attempt to avert a protracted dispute.
Image rights allow a club to pay a portion of a player’s wages in exchange for using their image to promote the club and their sponsors. Payments are made to a separate company, often based offshore, and taxed at a lower rate or not at all.
They are attractive for both club and player, but HMRC insisted the system was being abused by clubs, particularly at the lower end of the league, allotting an unrealistic proportion of their payroll to image rights.
The league agreed to mediate, helping bring as many as 15 clubs to a settlement with HMRC. The two sides agreed a cut-off date before which payments would not be contested, and agreed a banding system for clubs of differing profiles.
Chelsea were among the clubs with the largest tax bill, revealing in their most recent accounts, published last week, that they had paid £6.4million “in relation to an industry-wide investigation into the taxation of payments under image rights”.
—— lifted from HMDT [SIMBT]
googybhoy ♥ Celtic and Integrity
To be honest I wouldn’t like Sally to be sacked. There is a great satisfaction I get at seeing his face when they get beat :)
Off topic:
For you horsey guys Groupon are doing a deal for Perth NH races…cracking prices.
Maybe Whytey should contact them for advice?
imaginger – i have never liked jelly. gives me the groo ever since me and my big mate beano used to spend our dinner money on it at lunchtimes up the wee shop. we would buy the purple stuff as you would be buzzing after munching a full packet of it. beano was a total monster for it. was quality when you ate too much and spewed purple. i did it in front of the skool nurse once and she nearly passed out. phoned an ambulanse and everythnig. she was holding my head down so i wouldnt spew purple on her uniform and it was nearly between her legs. i was 14 and the ambulanse boy thought there was something more serious wrong with me as i was walking funny trying to hide the tent pole hahaha
Matt McGlone on Twitter 3 hours ago (@MattMcGlone9)
Have learned that Celtic will officially write to the SPL, SFA & the SFL with regards to Championships, Scottish Cups & League Cups that Rangers won over a defined period in relation to the current HMRC’s investigations into Rangers financial affairs after HMRC themselves unsuccessfully moved yesterday to put Rangers in Administration!
For anyone who is interested’ Kirsty Wark and her hubbie have history with us. He is one of the owners of that company who recently tied up officially with them: STV. She talked years ago about being devastated at the age of 5 that her best friend went to a Catholic school. Shucks, crivvens help ma boab peepil to the core.
JJB selling Rangers kits, half price and BOGOF
Could be a collecters item in years to come.
Mort
Declan -11.50
Sorry to hear the tale of you and Beano, i hope you are still in touch.
I love mint choc chip ice cream, tell me you like that, or did you have another horrible experience with Beano?
it will be great when the huns die
hail hail
Interesting listening to a really poor phone in on Radio Five Live this morning with Nicky Campbell. Pretty dire stuff with Robert Fleck and a few others, but they brought in Peter Ridsdale. He said he found Rangers mismanagement staggering, in part due to the fact they were able to sign Cousin last week while in serious financial difficulties.
Yes. That Peter Ridsdale. The man who took Leeds to the brink of extinction and was an advisor at Plymouth. He thought Rangers mismanagement was staggering.
BRTH ——–
Yes ——- the presence of Whyte at Rangers FC is the perfect litmus test re the presence of craven stupidity /indifference and kowtowing to the Hun Hegemony at The SFA.[ money for nothing / jaunts and briefs for free ]
A man with a long history of ” losing ” other people’s money and then being unable to pay it back got control of ” the world famous ” Glasgow Rangers for £1 and getting other people to pay off Lloyds. Very fit and proper. Desperate numb nuts tend to do desperate numb nut things . He is a billionaire ! He is a Rangers Man !. Sir Minty knows him !. He has Sir Minty’s seal of approval-!—— truly fabulous. — A man who didn’t pay his cleaner got the gig as saviour of the Hun — How good is that ?
The SFA have nowhere to hide . I look forward to their demise with as much anticipation as I look forward to the demise of that institution known as Rangers FC .
The best thing we can do is laugh at them —-they hate that !.
No to Newco . Burn Hun Burn !
Posts seem to be slowing down…is this the calm before the storm ?
Let’s hope so :-)
In the bookies making my daily donation two patrons looking at the pictures in the record:
Hun 1 ” sa effin mess innit mate”
Hun 2 ” aye is”
Hun 2 “be awrite but wint wey”
Hun 1 “aye mate aye”
Hun2 “hink so?”
Hun 1 “aye mate aye”
Hun2 “really hink so but?”
Hun 1 “naw mate no really”
Silence…tumbleweed and copious HMRC tax demands blow across Bet freds floor
Silence broken only by a wee pensioner choking back laughter in the background
Hun 2 must be still thinking of his next question
Declan Is Neil Lennon 1888 Hates being 2nd says:
15 February, 2012 at 11:50
I am so sorry to hear about your bad experience with jelly, Declan. I hope you like ice cream.
imaginger – i still no beano. top boy. was out with him and his wee one kyle at the weekend. his ex mrs is a total headcase and big beano gives her a big a bodyswerver as possible. she is still a wee tidy though but she is starting to hang out with all they bingo hags. it will be downspiral for her now. saw her goin into the bookies yesterday greggs in one hand poundland bag in the other and thot to myself jeremy kyle is going to that birds head. kyle and beano are both huns tho and are laughing as they are going to come back stronger from all of this and say i am just a daft timmy for doubtnig mr whyte and he is going to ram it back in all our faces
mon the hoops
I kind of regret Walter Smith isn’t still the Rangers manager
This is the “legned” that enjoyed the glory for winning the last 3 titles (plus the 7 in the 90s). It’s a shame he doesn’t get to suffer the indignity of administration.
It only seems fair that he should be the one who has to tell Lafferty et al to find new jobs.
Peter Risdale telling you you have a problem
is like Ryan Giggs brother coming up the stair
Glassford03- ahh, Publicity Pete. He’s been waiting for quite some time until a club turns up that was being run even worse that his Leeds Utd. He’ll be over the moon. I wonder how his goldfish are?
Declan Is Neil Lennon 1888 Hates being 2nd says:
15 February, 2012 at 11:50
Deccy,are you still following that lassie oot the Asda?
Brogan Rogan Trevino and Hogan supports Kano 1000 AND IS HAUDING A MONSTER TUTTI FRUTTI
15 February, 2012 at 11:30
HAud yer wheesht !!!!!
Never interrupt your enemy while making a mistake.
Let the SFA and SPL try and parachute them in without any involvement from us and then OBLITERATE THEM ALL
Dont interrupt your enemy while he is making a mistake.
Hail Hail
Kittoch
It’s more like Paul Gascoine telling you you’ve drunk enough.
!!Bada Bing!! Kano 1000 says:
15 February, 2012 at 11:36
Matt McGlone tweeting the Celtic statement expected today is to question the validity of trophies won by the huns during the period specified by HMRC.If they go back to 1999 (Phil hinted at this),then it will be cheerio to 9 in a row-another party!!!!
…………………
If that is the case and Craig Whyte says he stopped all the EBTs when he took over (so up to and including last season) we are going for 15 in a row!!!!
PIN 76
Don’t worry,Sir Walter will be sending texts of condolence to all of his old boys.
How long it will take him to realise that the players lost their phones at the same time as their livelihood is anyone’s guess.
Folks.
A bit of help please (on a subject about to become highly topical I think)
Not so long ago on here there was a fairly lengthy debate on the “rules” if a rangers “newco” was formed after liquidation.
One view was that it was a matter for the 6 man SPL Board alone to consider.
The other view was that the vote on a replacement club for rangers when they go bust would be open to the current other 11 clubs.
Can someone clarify if this debate was finally resolved and,if so,what was the outcome.
Can see the outcome of this being of vital importance soon.
If it’s the 6 man Board,I can see them parachuting straight back in.
If it’s the 11 teams I think at least 2 will scupper it.
Thanks
medtim
vagelisgeo Vagelis Georgariou
Old news or new news? Celtic met with Dundee united to veto Rangers Newco 2012 reapplying to SPL in event of liquidation?
7 minutes ago
greenjedi says:
15 February, 2012 at 12:05
shouldn´t we wait until the FTT presents its findings ?
They may still be not guilty after all
Hail Hail
I copied this from the BBC website one minute ago:
1 Celtic 26 37 65
2 Rangers 26 36 61
3 Motherwell 25 2 42
4 Hearts 26 8 36
5 St Johnstone 25 1 35
6 Dundee Utd 25 -1 30
7 Aberdeen 26 -3 30
8 Kilmarnock 25 -7 29
9 St Mirren 26 -11 28
10 Inverness CT 25 -11 26
11 Hibernian 25 -21 19
12 Dunfermline 26 -30 18
Why have they not updated the SPL Table yet? Any suggestions?
JJ
I think this statement from the Celtic board might be the one which proves conclusively they are not on board the savethehuns bus. The opposite might be true.
I bloody hope so.
Declan
you ignore those bad lads calling you a daft timmy! they are just being hurtful because they are hurting REALLY badly as the club they love has been shown to be the vile, nasty ,bitter and self obssesed club we all knew they were.
have an ice cream, that will cheer you up and think how happy all us “daft timmys” are
Hail hail
voguepunter- your making that sound well dodgy like i will be signig a register at the cop shop. i followed her once. aye i was panting like a dog but i was caught and served my punishment. they have let me back in the asda. i have to keek round the corner of every aisle so she doesnt think i am following her tough. tell you mate you would have done the same. she is a tidy bit of gear. big beano nearly wet his trackies laughing at me getting papped out by the security gard. he keeps threatening to tell my mrs abotu it but i jsut hit him right back that i will tell the csa about his wee part time job. we will just keep the status quid i think
hail hail;
Fighting the Fuzz says:
15 February, 2012 at 11:28
I think he must have meant the Football Creditors Rule. In England the players would be guaranteed first dibs on their pay (and compensation if they got sacked.) Also Dundee Utd, Hearts and ICT would get their money ahead of even the Prefered Creditor, Mr Whyte.