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!
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In case any Scottish Ministers (eg Shona Robison, Nicola) other MSPs or MPs (Margaret Curran) might be reading – your duty in this is to ensure that HM Government’s exchequer is as full as possible, not to worry about the jobs of excessively rewarded football players.
Amazing how now Scottish football won’t survive without “The Rangers”.
When it was mooted that EPL admission was possible, most “commentators” said “let them go. We’ll be better off without”.
Utter hypocrisy.
Keevins, Spiers and Traynor all now fully fledged financial/insolvency commentators having spent months dismissing it all as wild internet rumours.
Early retirement lads, you’re all past it
The Honest Mistake loves being first at 12:26
From France’s Equipe (respected daily sportspaper):
Foot – ECO – Rangers: Le club en redressement
En proie à de graves problèmes financiers, le club des Glasgow Rangers a été placé ce mardi en redressement judiciaire par un tribunal d’Édimbourg. C’est le cabinet Duff and Phelps, choisi par le club écossais lui-même, qui sera en charge de la procédure. Selon le président Craig Whyte, les Rangers pourraient être contraints de verser 90 millions d’euros au fisc britannique dans une affaire d’arriérés d’impôts. Sur le plan sportif, les Glasgow Rangers se sont vu retirer 10 points en championnat d’Ecosse et pointent désormais à 14 points du leader et grand rival Celtic Glasgow.
Le Huns sont des escrocs!!!
OK – I added the last sentence in, but it sums it up
;o)
Amongst all of the furore on FF last night, I did have to feel sorry for one poster (not a timfiltrator – way too many posts) who was clearly not the most educated on the blog, who came into a full blown debate on how it had all happened, what the future held, who should be blamed etc, and asked ” excuse me asking but what is an EBT?”, got a reply eventually, and returned to thank the orc who answered him and then asked ” excuse me asking again, but what is administration?”
I have visions of him wandering around Ibroke stadium 3 months after they have been extinct and asking passers by ” excuse me, what time is K.O.?”
According to the SPL website this is Rangers trophies since 1999. It’ll be nice to strip off the trophies that come under the period of EBTs , whatever that is.
1998/99 – SPL, Scottish Cup, League Cup
1999/00 – SPL, Scottish Cup
2000/01 – None
2001/02 – Scottish Cup, League Cup
2002/03 – SPL, Scottish Cup, League Cup
2003/04 – None
2004/05 – SPL, League Cup
2005/06 – None
2006/07 – None
2007/08 – Scottish Cup, League Cup
2008/09 – SPL, Scottish Cup
2009/10 – SPL, League Cup
2010/11 – SPL, League Cup
2011/12 – None ( I added that one myself :-) )
C_C
Mort says:
15 February, 2012 at 12:34
Tickets for Ibrox if not printed yet will have this on them. :-)
———————————————————–
That would look nice framed.
voguepunter,
I was thinking war chest rather than phwoar chest
Paul 67,
David Murray and Smith where quick to stick the boot into us when we where in the grubber in the 90’s, sly digs etc….
I hope PL and DD bury them and stick the boot right in. Call for an investigatuon as I reckon certainly in TB era something dodgy was happening.
Always though when the steven transfer was a weird one. Sold then bought back straight away.
medtim
very quickly, each club owns a share in the SPL and these are transferred automatically to clubs promoted from those relegated. If a space opens then:
Except where such transfer is occasioned by the promotion of an association football club from and relegation of a Club to the SFL the consent of the Board shall be required before the transfer of any Share shall be registered.
83% of the board have to vote for this so if 5 of 6 board members vote yes, then its ok. If 2 vote against it then no newco can be admitted.
Mort
Just filled up with diesel, asked assistant for a ‘whytey’, a what she asks, a vat receipt says me. Guy behind me liked it…
Gordon_J backing Neil Lennon
I heard that Craig Whyte rejected the flight attendants rejection of the chest being described as hand luggage
tomtheleedstim says:
15 February, 2012 at 12:10
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.
…………………………………………………………………………………………………………………………….
Yeah, me too. :¬)))))))
Hail! Hail!
“Away for an – Exorcism!” CSC
How many more times do we have play Motherwell this season? That would make (ahem) how many points we could drop in their favour? :)
medtim,
SPL rules state that if a club goes bust during the season the number of relegation places is reduced. So the other eleven teams should carry on with one to be promoted from the first division as normal at the end of the season.
The rules would need to be ignored to allow any new club (of whatever kind) to enter the league other than through promotion.
If it is true that Hearts, Hibs, Aberdeen and Dundee UNited are going to join us in Vetoing Rangers Newco then that is great news.
ALL these clubs are looking at the stories today and seeing the financial advantages Rangers have had over them and they are rightly disgusted.
Aberdeen and Dundee United, once powerhouses of the Scottish game have been cheated. The Thompson family in particular I hope have never forgotten the day when McCurry cheated their club at Ibrox by his inaction. Craig Levein’s rant still lives in the memory. Mr Thompson the elder ploughed his own money into United to make them a better side and saw his dream of winning a trophy that season dashed by Kenny Clark who refused to give United a penalty at 1-0 which should have brought them their first trophy since 1994. Instead Rangers won with a team assembled at a cost they could not pay for and the obligatory honest mistake in their favour. The Thompson family should remember this.
Aberdeen have long hated the Glasgow clubs and long for the days of being a force again. Had Rangers not had the team they had had Aberdeen would have more league championships to their name, more Cups and in 2007 they might have been in the Champions League qualifiers at least against a Red Star Belgrade team low on talent. Who knows where that might have led – Pittodrie once again saw Aberdeen in Europe that season taking on the mighty Bayern Munich and almost beating them at home after a great run of form in the UEFA cup defeating sides from Ukraine and Denmark in the process. the Pittodrie faithful are still there waiting for a shot in the arm and they are the third force if they have success.
Hibs and Hearts too have reason to be angry, Hearts would have had more Champion’s league shots (failed though they might have been) and Hibs as a very well run club with the players poached by other clubs might have won more.
Rangers in their current form and using their practices are a cancer on Scottish football and that cancer must not be given a free pass to do it again.
I welcome news that those in the East will support a veto – it will be a temporary loss of SOME money but Rangers will come back soon enough with their supporters spending money to watch them and as we know, there are also the cups.
Justice must be done.
twists n turns – 1235
Very rarely post but that cracked me up. Almost on a par with a series of posts culled from FF about whether or not a union jack was the right way up. Might be wrth a re-post Awnaw?
I bet watties myth could smell something other
than Protestant superiority,if he was in ibrokes today.
That bad word Paul 67 was bandying around last week.
Can I just say that somewhere yestedray it was suggested that HMRC argued that they wanted to look at the affairs of Rangers PLC going back to 1992. Did anyone else see this anywhere?
Morning from Charlotte; light frost, blue skies and a high of 60 today.
Paul, excellent piece today on exposing one of those who have blood on their hands.
I look forward to more of the same about the rest of them as they vie for control of the corpse.
Thanks to StMartin’s Bhoy via Silvercity I listened to the 5 Live broadcast.
Your contribution was great. The case for Celtic’s continued success should RFC disappear was eloquently but firmly put.
The other caller (Peter) was full of bombast and bluster before you came on, and was lost for words when you had finished speaking.
It struck me too, that as I listened to said Peter bumming himself up big time, that he had no clue as what your argument was likely to be.
Consequently, he had no valid answer to what you said.
In effect, he is stuck in the same sort of mindset that his ilk have been in for decades.
Just as he/they didn’t question what DM et al were doing, as long as they stuffed us and won trophies, they actually need to believe that they are essential to Scottish Football, to Scotland, to society and beyond.
They cannot contemplate that they are not really as important as they think they are/were.
They continue to live in a world rich in denial
They expect to be saved by someone, and they don’t understand why the taxman is coming to get them, since, in their eyes the only way out is a bail-out by the state.
No Bail Outs! There is no knight on a white horse coming to their rescue.
HH
RWE CSC
Have the SFA decided if Craig Whyte is a fit and proper person yet? HAHAHAHAHa
Ghuys,
Any truth to the rumour that Craig Whyte’s business plan for Rangers involves scratchcards – and lots of them?
I’d be scratching too if I spent any length of time at Ibrox. (thumbsup)
PHIL seems to be enjoying the jelly and ice cream moment.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
http://www.philmacgiollabhain.ie/the-liquidation-of-rangers/#more-2117
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Mind and leave room for the next course,Phil!
twists n turns: 15 February, 2012 at 12:35
I’ll bet said character knows every word to their, ahem … cultural anthems though.
Hiro Nakamura 15 February, 2012 at 12:48
Have the SFA decided if Craig Whyte is a fit and proper person yet? HAHAHAHAHa
It’s tragic that the answer to that question is no, they haven’t decided yet.
BRT and Hogan
Yes I read that yesterday , must have been on here if not RTC
Roddybhoy
I live in Aberdeen. I know enough fans and AFC ‘Senior Suits’ to take an informed guess as to their position in all of this – I would be ASTONISHED if they didn’t take this opportunity to kick the Huns in the teeth. I’m glad they are making their views known.
Hibs and Dunfermline are stick ons to follow up with their boots…if only to save their own skins.
I had previously thought Celtic would have the casting vote as I imagined only the team being relegated would definititely veto the Newco and it would be up to us to nail the coffin. Looks like our position not that critical….
As I said earlier, the tide is turning – it’s becoming ‘old news’..just as Huns are becoming history.
…in only a matter of months we will be focussing on new rivals , new challenges in Europe.
What is it with the odious club??
They now want dispensation to sign Cousin? Get tae…
We ve politicians, journalists falling over themselves to beg for clemency??
I hope HMRC have bigger nerve!!
Honestly, the pr offensive is hysterical..
They were prepared to let our great club fold without a whimper..
There should be ZERO TOLERANCE of the odious ones dirty tricks!!
GIRUY. I say..
Hail hail
Brogan Rogan Trevino and Hogan supports Kano 1000 says:
15 February, 2012 at 12:44
………………………………………………………………………………………………………………………………I didn’t see it but, I have always been suspicious of the areas ring-fenced for investigation…..
….2000 – 2004 ?mmmm
Seems to me like an attempt to exclude Sir Walter :¬))))
Hail! Hail!
Hiro
The SFA first needs to find some fit and proper folk to sit on the panel. It’s like Abraham’s dialogue regarding Righteous People.
typo @12:52
My apologies.
Hail! Hail!
Celtic_Cross says:
15 February, 2012 at 12:36
According to the SPL website this is Rangers trophies since 1999. It’ll be nice to strip off the trophies that come under the period of EBTs , whatever that is.
1998/99 – SPL, Scottish Cup, League Cup
1999/00 – SPL, Scottish Cup
2000/01 – None
2001/02 – Scottish Cup, League Cup
2002/03 – SPL, Scottish Cup, League Cup
2003/04 – None
2004/05 – SPL, League Cup
2005/06 – None
2006/07 – None
2007/08 – Scottish Cup, League Cup
2008/09 – SPL, Scottish Cup
2009/10 – SPL, League Cup
2010/11 – SPL, League Cup
2011/12 – None ( I added that one myself :-) )
C_C
+++++
The EBT started in 00/01 when the orcs lodged marginally over £1m.
Howevva, there is also the small issue of the other tax case.
No, not that one (the missing Paye and NIC this year), the other other one.
No, not that one (the missing ticketus VAT) either.
The other, other, other one – the one where they done the discounted share dealings from 1998 – the one where they were taken to court in August last year and had £2.3m frozen from their accounts.
I often wonder if it was David Murray who coined the phrase “tax doesn’t have to be taxing” as it certainly appears to have been his motto.
BRTH
It was a Phil MacG tweet along the lines of thinking wishfully.
When we demanded the cash up front for the tickets for the game on the 28th the press countered with reports that Rangers would do the same in March.
Not a chance in hell should Celtic acquiesce. We’ll handle the tickets, we’ll collect the cash, and IF the game goes ahead we’ll pass the monies on in the manner agreed with standard practice for the SPL. Or keep it for the damage caused on the 28th.
Personally I seriously doubt that game will go ahead.
I have heard reports this morning that Kyle Bartley is to be released this week, and other players out of contract in the summer are next, 1st teamers. Lafferty too because of a clause triggering a new payment to Burnley.
This is where it gets messy, the team on the park starts getting embarrassed. Not only will they not want to be embarrassed by Celtic but there will soon be public order fears. My guess is that Rangers’ last game of football will be played before our meeting in March. Seriously.
Joe Ledley. The last hunskelper.
The last two days have seen an escalation of events, this will continue now, strap yourselves in.
Oh, and…
Parcel=>
Just seen this
Scroll down to the iPlayer with the orc on it.
Jesus wept, the Beeb could’ve just captioned it thus: a fat **censored**, yesterday.
Sky Sports to be added to the banned list by the Huns…
From today’s letters page –
To all those Celtic fans gloating at Rangers’ plight and believing the league is already over, can I just remind you that it’s not so long ago a team boasted a 15-point lead and look where they are now. You Bhoys only have 14 so watch yersell. You’ve been warned.
HECTOR, CENTRE ONE
The current financial wreckage at Ibrox is down Rangers and no one else. The apologists are queuing up to offer sympathy to Rangers as though anyone other than themselves are at fault for the mess they are in. Nobody appears to be talking about the money Rangers are clearly trying to avoid paying to HMRC.
BEN & JERRY, COATBRIDGE
If they lose a lot of players OR some players cancel their own contracts and walk out which is possible what kind of team are they going to have?
Could they lose second spot to a Hearts or a Motherwell?
9 points in front of Motherwell who have a game in hand.
Even McCall can’t have the balls to throw the next game against what could be old duffers and a bunch of kids could he?
I’m sure I heard that Hibs, Utd and Aberdeen are intending to vote against the Newco’s direct re-entry into the SPL because research showed that they would be better off financially. That puts paid to the MSM line that we need Rangers. Do you think they commisioned this research themselves? Am I alone in having an image in my head of PL taking aside the directors of each club whispering “I have this dossier I want you to have a look at.”
CultsBhoy loves being 1st says:
15 February, 2012 at 12:51
I live in Aberdeen. I know enough fans and AFC ‘Senior Suits’ to take an informed guess as to their position in all of this – I would be ASTONISHED if they didn’t take this opportunity to kick the Huns in the teeth. I’m glad they are making their views known.
Hibs and Dunfermline are stick ons to follow up with their boots…if only to save their own skins.
I had previously thought Celtic would have the casting vote as I imagined only the team being relegated would definititely veto the Newco and it would be up to us to nail the coffin. Looks like our position not that critical….
As I said earlier, the tide is turning – it’s becoming ‘old news’..just as Huns are becoming history.
…in only a matter of months we will be focussing on new rivals , new challenges in Europe.
+++++
I get that feeling also. Certainly one senior member is still smarting from losing the title in 1991 and has made private utterances regarding the various monetary inputs over the years at Casino (not so) Royale.
Paul67 et al
How many of those calling on the Treasury to bail out Rangers, the SNP, Margaret Curren of the Labour Party spoke up for the workers at Woolworths stores in Scotland? And you know something, Woolworths employed more workers!