This evening’s statement from Gordon Smith, effectively claiming he was not in control of “recruitment, scouting [and]transfer negotiations” at Rangers confirms many rumours of power-struggles between him and manager, Ally McCoist, who, apparently, didn’t allow the director of football his way on recruitment matters.
Rangers made it known that wages for February were paid today and that Smith and, also now redundant, Ali Russell, will both continue to work until the end of the month. This begs the question, who else will go before the end of the month?
The first responsibility of an administrator is to try to keep the company trading. Duff and Phelps have been trying to do this. While it was a surprise (to me) to see Rangers director, Dave King, at Ibrox meeting the administrators with McCoist yesterday, King, along with other directors, wealthy fans and perhaps even the former owner, will all have been asked if they would be prepared to put money into the club to keep it ticking over until the end of the season. My information is that no one has put as much as the £1 Craig Whyte put on the table to buy the club last year.
I could break off here and tell you about the man that walked into a Bank of Scotland in 1994 and paid a huge sum of money into Celtic’s account to prevent the club going into administration. He had no guarantees from the old board, who still owned the club, and future managing director Fergus McCann was in no position to guarantee anything either, but that’s a story for another day, I’ll wouldn’t bring his name into this sorry tale. Suffice to say, in our hour of need, someone stepped forward.
It’s now a matter of cash. With wages paid until the middle of next week there is no immediate danger, but the administrators will need a pretty good reason to believe they have wages for March before they retain staff until Thursday next week.
The loss of Russell and the general state of chaos that having to work with various government agencies, including police investigators, will make the business of running a football club technically difficult. They have already missed an important action, but it’s not my job to point this out to them. Until it’s too late.
The Celtic Football and Athletic Company Ltd
I think when you have been asked the same question about six times in a few days it’s worth explaining the issue here. If a football club is liquidated it’s finished. Continuity with its history and records ends. This is not the same as a football company changing its name.
Celtic was established as a sporting club at a meeting in a church hall in November 1887, in many ways, no different than a million other football, karate and badminton clubs. It subsequently registered with the SFA in 1888. In April 1897 it incorporated as a private limited company, registering as The Celtic Football and Athletic Company Ltd at Companies House. It was the 3487th company to register in Scotland and was given the incorporation number SC003487.
In 1994 the company became a public limited company and changed its name to Celtic PLC but, of course, remained the same company, with the same incorporation number and retained the same registration with the SFA. You can check our corporate history, from incorporation in 1897, to name change in 1994 to our most recent annual return, dated 31 December 2011, at Companies House here.
On the same day Celtic changed its name to Celtic PLC, Fergus McCann changed the name of an off the shelf company, securing the old trading name ‘The Celtic Football and Athletic Company Ltd’, which is fully owned by Celtic PLC, but is not registered as a football club. I assume this was to secure our old name for the club and to protect it from potential abuse.
Don’t let anyone tell you our history ‘started in 1994’. We are very much the club of Maley, Quinn, Thomson, McGrory, Stein, Johnstone and Dalglish.
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or……
Morten Wieghorst
So was Paul talking about the close of the Russian transfer window at 9pm UK time tomorrow?!
Could the bold Leah settle there amongst all those gangsters?
T4
BlantyreKev – I hope Wang’s cousin Fu does his bit for The Gers. (thumbsup)
I see that there are lots of generous peepil doing there best to keep the big hoose open, pure dead brilliant
I wonder how much needingawashnotpaidtaxcheatingfinancialtoxicfinancialdopingdebtfc had raised through pudsy the golden bear having a laugh
Trustdeedexpert.co.uk
My donation couldnt be taken online,instead its on its way by Parcelpass.
Scots Nigerian housewife Sade N’Fraude stumps up £100 housekeeping money.
They certainly have momentum.
Awe_Naw
The longer this goes on the better, I hope the FTT judges take their time over this.
Paul67
I dont think the link to “here” in your post is right
…….. incorporation in 1879, to name change in 1994 to our most recent annual return, dated 31 December 2011, at Companies House here………………
VertWolf
Sue Raloterum £2000
twists n turns says:
23 February, 2012 at 23:31
Ok, A wiggy 11.
———
Brian McHair
Morten Wieghorst
Bobo Balde
VertWolf says:
23 February, 2012 at 23:37
——
Now changed.
Paddy Gallagher – I’m sure the SNP have a mind to pass a law against Kermit.
In other news, Kermit sings a song about a better future without the huns… hitherto only conceived of by “the lovers, the dreamers, and me”.
http://www.youtube.com/watch?v=jSFLZ-MzIhM (thumbsup)
Havingapartycsc aka mouldy67 says:
23 February, 2012 at 23:24
Same buddy, you going to CSA night in May?
HH
Wee Joe Bay in amongst them now, £500 from Joe. Thanks Joe.
TET
Only if the tax penalty and interest clock keeps ticking?
HH
Pat MacGroin £2000
caught the tail end of the news.. a bit about Salmond banging on about Huns…a wee bit of back tracking was emphasising Taxman needs to get his dues?
Kerry Dalestreet…. £1000.
Is it true Cops still unpaid from weekend even though assurances given? I just read that.. So that ll be DIY policing now ?
Juan Kerrs has just donated a monkey.
Aiden Annabettin £2000
THE EXILED TIM says:
23 February, 2012 at 23:30
‘Do you think the hun will be in the league next season ?’
I can’t see that they can avoid liquidation.
Beyond that I just don’t know.
The fact that the SPL won’t respond to an enquiry about how they would deal with a request for admission by a newco suggests they have something to hide.
I Never post, Bhoys and Ghirls, but you are on such great form tonight!
Accordingly, Peter Timothy Lawell of Paradise Rd Dublin donated £5000 and Bearinrabigbluehouse@userfooked.com from Derry gave £1690.
Building on our charitable foundations.
Spare a copper for a bobby guv?
I see Drew Peacock offered a score
Ewan Deepdett – contributed a ton
Smart article Mr67
Could have been titled “If you know your history”
David Weir has returned to Everton as a coach five years after leaving the club for Rangers. Weir, who made 269 appearances during eight years at Goodison Park, will work with the youth and reserve teams. The defender, who turns 42 in May, will also be eligible to play for Everton’s reserve side.
“He’ll help out Alan Stubbs with the reserves and will play in the occasional reserve game,” said manager David Moyes.
“David did great for us when he was a player here and we are looking forward to being able to work with him again as he starts out in his coaching career,” Moyes told the club website. “It will be good to have him around the place. He is a great professional and someone all the players at the club can look up to.”
A pawltry £1 each from Bella Houston, Mary Hill and Karen Tyne. Come on ladies, dig deep.
tweetycelt
Welcomes..
Awe_Naw
They are toast anyways, they can’t pay what they are due now, never mind add on’s.
The best for us/them is that the admin men can keep it rolling for at least another month, the less time they have to get a newhun co up and running the better.
And the court cases that will follow, follow will be a great side show in the coming months, might even take the gloss off the euro championships this summer :>)
Even chickens are glad to see the back of the huns:
http://www.youtube.com/watch?v=bRY-eAxHyqY (thumbsup)
TET & Earnie
they’ll be crucified at Easter..imo
Owen A. Fortune has pledged a monkey
Dennis Town for a pound!
TianTianandYangGuang@edinburghzoo.co.uk have pledged £500 to bears threatened with extinction
Cultsbhoy
Crucified at Easter (is that part of the Good Friday Agreement)
The club should be looking to buy the hun brand and hang it in the trophy room :o)