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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Is that the administrators trying to lease office space at Ibrox and Murray Park?
Lorenzo Amoruso —– Fiorentina tele
” I’m sad — how could that happen ? ”
Italian media has Rangers Glasgow in financial meltdown.
Bello !
One of the Administrators many tasks is how to CUT costs
So how on earth can he possibly allow Cousin to come on board?
That would be increasing costs at an already cash strapped outfit
Surely that is against the Administrators remit?
Was trying to get onto Radio Clydes ‘The Word’ competition this morning.
Not to win it just to say
“Your always scared of sounding a bit JELLY and a bit ICE-CREAM.”
Sounds like a task for all RGT’s.
If someone can I’ll donate £50 to the Vanessa appeal.
MWD
Paul
Looks like our old blog trawling friend is back.
Three quotes from politicians. Not one word of condemnation. And one of them blaming HMRC for the situation.
In a letter to Treasury minister David Gauke, Shadow Secretary of State for Scotland Margaret Curran said it was correct that the tax was collected.
But she added: “I would however ask that you, as the minister responsible, ensure that this is done in a reasonable way, focused on the best outcome for the club and taxpayer.”
Central Ayrshire MP Brian Donohoe, secretary of the Rangers Supporters Club, told the BBC: “It’s absolutely devastating information that’s come out today that the Inland Revenue would take such a silly decision.
“I just think they have moved far too quickly in this one and as a consequence they’re almost debarring any possibility of anyone else taking over the club.
“The worst case scenario is that they could be put into liquidation and as a consequence we’ll lose the name and we’ll lose their place in the premier division in Scotland.”
Sport Minister Shona Robison said: “This is obviously a concerning situation for everyone involved in Scottish football.
“Football is our national game and it is now for the administrators to take forward the process of assessing the business and securing an outcome in the best interests of the club, its staff, supporters and the game of football as a whole in Scotland.”
SoT
You might text poor old Lorenzo and remind him that he had 2 contracts from most of his time at Rangers, and one of them was a touch dodgy.
BlantyreKev – Parcel=> says:
15 February, 2012 at 12:55
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.
+++++
I hope that (the clause and # of games) is true – the admin is in the position of either: releasing the player and adding him to the list of creditors or continuing to pay the player either to sit on his thumbs or pay and play the player thus triggering the additional payment clause.
I understand that legally, the last option isn’t (an option) in that the administrator cannot add further additional debts other than through contractual and continuous running costs to the existing debt. It would be a hard sell to demonstrate that an additional payment to Burnley is a continuous running cost or that it was contractually necessary.
bye Kyle, hope you break your leg in training today :-)
Email sent to M curran
Ps dirtymac ended up on the you tube link to him one of the comments was David Murray aint half let himself go.
HAIL HAIL
GERRY S 1258
Nae kidding,that FF post had all the hallmarks of a Bill Leckie article.
Couldnae be,could it?
new article posted.
CultsBhoy – Professor Tom Devine had it right.
Unlike, say, the delightful anachronistic antics of The Broons, or the unfunny capering of so-disant comedian and hun “Limmy”, Rangers are not an institution that unites Scotland.
They are, as their prescient former director Hugh Adam noted, widely disliked in Scotland, and not just by Celtic fans.
The Scottish media can mewl all they want about how Rangers are Too Big To Fail. Most people aren’t buying it.
Imagine a future where clubs like Aberdeen, Motherwell, Hearts, Hibs, Dundee United, and Kilmarnock can realistically aim to win second place, European qualification, and eventually challenge for the title outright. A lot of football chairmen will be imagining that future today.
Special Pleading FC are finished. It’s all done bar the aggressive begging. (thumbsup)
greenjedi-We should also pursue the European licence,but that’s maybe a different card to play at a different time.HH
Gerry S, deleted. Unbroken lines !*!*
Is this correct?
Thems can only come out of administration with a CVA.
If no CVA, proceed to liquidation.
From a quick trawl through some of the other fan forums just now it certainly seems that there is very little support for Newco to be addmitted automatically to the SPL Some examples
From Motherwell FC Forum:
re: Rangers liquidation? MFC-SPL-SFA-UEFA reaction.
Administration is 10 points minimum.
Liquidation is the follow on if you can’t trade your way out.
Do you want to pay money to see a league that is fixed, where a team can get away with anything and the rest of the clubs are too scared to impose the penalties that are laid down in the laws of the governing body?
I don’t.
Motherwell, do the right thing
re: Rangers liquidation? MFC-SPL-SFA-UEFA reaction.]
To be frank, I couldn’t give a flying fig what happens to the Gers. Only plus point could be we see another 5000 fans at our home games cos their buses from Wishaw,Carluke, Bellshill, Hamilton, etc will not be going Govan way !!
From Fat Pete @Aberdeen Mad Posted 14 Feb 2012 09:41
An Open Letter to All SPL Chairmen and Directors
An open letter to chairmen and directors of SPL clubs
Following the announcement that Glasgow Rangers are now petitioning for administration, the possibility of their going into liquidation must also now be considered.
As the current custodians of Aberdeen FC, all supporters trust that you are now formulating contingency plans should this eventuality arise. It is hoped that you will actively support the following measures in the event of the current Rangers football club entering liquidation.
1.The current voting system for matters debated by the SPL member clubs requires an 11-1 majority to vote for change. This is undemocratic, and must be changed to a fairer majority vote. An 8-4 majority is suggested.
2.All funding of the SPL from external sources, (eg – television rights, sponsorship of the league) to be divided evenly between the 12 SPL clubs. A small portion, not exceeding 20% may be set aside for place money, again this should be divided by a reasonably fair means, and not bay the current scheme whereby the clubs finishing in the top two places receive 33% of the prize fund.
3.If a “phoenix club” is created as a form of continuation of Glasgow Rangers, then this new club must first seek election to the SFA and SFL. This new club MUST NOT be given a “free pass” straight back into the SPL.
Should Rangers cease to exist in their current form, the opportunity exists to change Scottish football, to the benefit of our club, and to the benefit of Scottish football as a whole.
With a fairer distribution of income, Scottish football will demonstrate a more level playing field. Many more clubs will have the chance to challenge for trophies, providing a more competitive league. This in turn should lead to more attractive football, which would encourage more supporters to attend, and, hopefully attract further investment.
The opportunity may soon exist to change Scottish football for the better. Supporters of all clubs beseech you to act for the benefit of their own club, and Scottish football as a whole.
You are trusted to act positively and without delay. Do not let us down.
alanrey 25j Dundee FC Online
________________________________________
I would be laughing if i was allowed, last season nearly every rangers fan i spoke to went on at great length about why we had got what we deserved, spending money we didn’t have, cheating etc, pot and kettle springs to mind now and feel that is worth a wry chuckle or two.
quote:
________________________________________
Originally posted by dpmcalister
Whilst I’m not laughing at Rangers, I have no sympathy for them – much like there was very little sympathy for us.
This may not get past the moderator but I think this may actually have a positive effect on Scottish football as at least one of the Old Firm will no longer be able to buy the best players from around Scotland rivals just to warm the bench and weaken other teams.
________________________________________
From McVey @hibs.net:
How to stop the inevitable?
I wanted to start a thread that was about the Rangers situation, though specifically from a Hibs/other SPL clubs perspective…so here its is:
The general concern for all of us is: Rangers will start again in the SPL with no debt.
The general feeling is: this is a massive injustice to the other ‘well run clubs’ who have endured years of cost cutting just to survive.
Given the above we must not only sit on forums complaining (a great pass time in its self, I grant you), there must be a call to action. However this is something I have little or no experience in, so I wanted to use this thread to pull our resources.
As a starter for 10, here are some questions to ask you my esteemed Hibees:
1. How do we ensure that the Hibs board are absolutely clear on our feelings/concerns?
2. How do we ensure that the Hibs board don’t let the supposed inevitable happen?
3. How do we get other SPL (and SFL) clubs to start the same process at their own clubs?
From Spike Mandela @hibs.net:
Really it comes down to the stance that Celtic would take on this. If Celtic join with the other 10 clubs to make life difficult for Rangers then they have some leverage. The problem With this may be some other clubs sailing close to administration may be reluctant to set a dangerous precedant.
IMO when Rangers do the inevitable many people will wash their hands of Scottish football. Myself included.
From DAFC.net:
Topic Originator: east end swift
Date: Tue 14 Feb 21:33
Okay, it seems even if Rangers are liquidated in the weeks to come, they would expect to form a new club and walk straight back in to the SPL.
We even had Killie chairman Michael Johnston in the papers last week saying how much SPL needs Rangers.
http://www.dailyrecord.co.uk/football/spl/2012/02/10/healthy-old-firm-vital-to-spl-future-says-kilmarnock-chief-michael-johnston-86908-23742715/
Presumably, it would come down to a vote of the 11 club chairmen to decide if its open doors for Rangers. So what will Yorkston do? The pros and cons for Pars? And how could fans lobby the Pars board?
My opinion is that if a reformed Rangers of Glasgow swan straight into the SPL, we’d all as well packing up and going home.
From The Number 1 Unofficial St Mirren Supporters Website:
civilsaint
The r*ngers situation is going to shape Scottish football for decades to come and those involved at r*ngers can now do very little to influence the outcome. However, OUR club is VERY likely to play a significant part in how things turn out (along with the other 10 SPL members). For that reason it is good to know the facts in order to come to an educated conclusion. I have said previously, our club MUST not take the easy decision (the one that the media are already pushing) and parachute a New r*ngers into the SPL. If they do, they won’t get any more of my money.
There’s more to the football business than just turning up on matchday.
Gerry S says:
15 February, 2012 at 12:58
OH DEAR. Seems the school kids are allowed to post over on FF. This one posted before he goes to school I presume.
+++++
Yup, it would appear that he’s forgotten that the orcs had to pay a massive chunk back to Ticketus last year and that they’ve thus far only received £3.5m for Jelavic. Also that the club presumably, although I cannot confirm this, have had to pay various other sundries throughout the season, like players wages.
I’m not even going to comment on the ‘£18mill Wavetower’ part, as the ignorance speaks for itself. Cannot. Help. But. Comment. On. It. The orcs are due Wavetower that money, bwahahahahahahahaha
Momentous days we live in…
I have refrained from comment so far as there is much to come out yet…but one thing I think we need to make sure is that next season no shared sponsorship ( if der hun is trading ) any more! This “Old Firm” nonsense stops NOW!
HH
New article posted bhoys,P67 must heve overdosed on jelly and ice cream:}
Perhaps Ranjurs would have been wise over the years to apply the old showbiz maxim:
‘Be nice to people on your way up because you’ll meet them on your way down’
For every fiver etc…Ha!
Sorry if already posted:
Love Celtic @GlasgowGandW
“190 Football Teams in the UK, all but 1 has fielded a player from Republic of Ireland in their 1st team at some point!!
The sheggite on some of the meeejah is gettin’ me a wee bit riled. We don’t ‘NEED’ the huns….our club was formed to support our impoverished and repressed community. We have had to TOLERATE Rangers for nigh on 124 years. They are a blight on society & their fans have made our lives a misery,many times.
One of them,an acquaintance,who was of the ” friendly rival ” brigade,has shown his true colours over the last couple of amazing days by unleashing a torrent of vicious,bigoted,sectarian bile. Never a friend,he is now no longer even an acquaintance. I truly believe They will go on a rampage this w/end. It’s in their nature:like animals who foul their own nest,They may even turn on their own ground,and hopefully on each other.On TV last night,some pundit or other categorized Them as,…”arguably the greatest team in the world…”,because of their trophy ‘achievements’. I’d argue with THAT. How many of their trophies were achieved via corrupt mibs,and the most consistently thuggish & low displays of football?Along with the bloated over-spending and financial criminality which has led to this day. You can’t blame for being irate when I hear this kind of mendacious tosh!
Anyone that’s me,dumping my anger,and returning to the schadenfreude!
To my ex-acquaintance and his brethern,” GOODBYE !!! “
Declan Is Neil Lennon 1888 Hates being 2nd says:
15 February, 2012 at 11:15:
there players might galvanate and really work together putting some good results on a run putting us under pressure. we might be laughing now but we might look back one day and wonder how we were conned by our own board and by a guy like whyte as he comes in and rescues the rangers lock smock and barrel
——————————————————————————————————
Declan ya muppet, are you Charlie Nick in disguise? Will the smocks have the new hun’s crest on it and the sponsor’s name? You are entertaining if nothing else.
HH PMTYH
Alan McLaren on SSN there, he’s looking well eh?
twists n turns says:
15 February, 2012 at 12:35
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.?”
LMAO LMAO LMAO ha ha ha ha that has cured my hangover today
BBO Radio2 NOW
BBC Even
‘Oh dear its not looking good for Rangers’- Jeremy Vine
HH
No to Newco