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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Auld Neil Lennon
Salmond really only cares about Salmomm
Norma Snockers has pledged 2 Big ones
The YouTube explaining debt to a hun is truly excellent.
“it will take more than a misspelled slogan on a bed sheet to convince the tax authorities
to give up on the £75million you’ve stolen from the british taxpayer”
Hole-in-one.
pigalle
Meanwhile it emerged Duff and Phelps can’t find the £5.5million Rangers got for selling striker Nikica Jelavic to Everton
Read more: http://www.thescottishsun.co.uk/scotsol/homepage/news/4147612/Is-this-the-new-King-of-Ibrox-Ally.html#ixzz1nFs20Tln
i think news this big could have made a headline. this was wrote at the end of this artical in tomorrows sun
Palacio67 says:
24 February, 2012 at 00:31
Saint Stivs says:
24 February, 2012 at 00:23
=================
Haha
All that jelly and ice cream my friend.
Can you imagine us trying to run from the ticket inspectors at woodhall station now !
Hail Hail
======================
Bambi,
never had to, remember the uncle stephen higgins was the ticket inspector.
tal.
hahahaa,
Awe_Naw_No_Annoni_Oan_Anaw_Noo
I was looking for something from a few years ago today (for an application form), I found the emails I exchanged with Pablo in 2008.
How are his kids doing? Could you email me at cqngolfclub@gmail.com – I have a couple of questions.
hh
bjmac
Off now, some good craic on CQN tonight.
Whatever news will recieve from ayebrokes tomorrow?
Police not been paid for the killie game, no audited accounts for 31st March = no SPL registration for next season,
(Never mind Europe).
Happy days
Hail Hail
Bedtime – have got what had looked liked a dull 60th birthday bash in the West End tomorrow (now tonight).
Mixed bag attending – the past 10 days could make it an interesting evening!
H! H!
That is Colin Lyons just donated, email clyons@blairdrummond.com £5k (old ones are the best)
and
Yang Guang, of 134 Corstorphone Rd has donated £2k
hh
bjmac
simpler times, before the cheating was confirmed
If it is true that cops have not been paid for the Killie game, this will truly have been a three scoop of jelly and ice cream day.
Mr Mint advised Mr White/Whyte!!!?
I thought the Advisers advised Mr White/Whyte,
the advisers who are now the Administrators.
So if I may, can I advise Mr Minty to get a good lawyer.
Thank goodness for our SFA and judicial system it would
seem that RFC PLC IA PF CASE (PENDING) may have to
rely on them soon.
Fred C. Dobbs says:
24 February, 2012 at 01:02
brilliant,
we follow, we follow.
Who says the hun are averse to Multiculturalism…
A Mr Joos Kahn Getanov weighing in with a generous promise of £30.
Wullhaudye’aeratRSC
I love words like “unwound” and “unknotted” and so on.
So let me simplfy this just a wee bitty.
Craig Whyte stands tonight as a secured Creditor for say £23Million– that’s the £18M Paid to Lloyds and another £5M for the sake of the buggeration factor.
Now let’s say– and it is eminently possible given his track record,– that he has made a cod of the security. So presume for a moment he says, OK, I am not secured.
But I am still owed £23Million cause I paid off Lloyds.
“Oh No you didn’t” says AJ–” you never invested a penny.”
“Oh Yes I did” says Craigie Baby—” I just punted a few seats after I got hold of Rangers, and I personally secured that sale to Ticketus.”
“I might have set it up before I secured Rangers, but I only drew down the money after I had control of Rangers– albeit within a few seconds— but the seats were mine to sell– just the same as they were yours to sell when you were in charge AJ.”
“Too damn righty ( we think ) says Ticketus! WE bought those seats from Whitey here— or if we didn’t then we bought them from someone, and at the end of the day our money paid off your debt AJ. So either you owe the money to Whitey or you owe it to us. Of course if you let us sell the tickets then you don’t owe us squat.— Do you get that? Squat?Seats? ah well”
“AH but we can’t afford to let you sell the tickets because we will go bust” screams AJ
” Right enough” says ticketus ” so we will just sell tickets to see whoever is playing at Ibrox anyway.” says Ticketus
“Eh, you might not be able to do that” says Duffus and Fuddus ( might copywright that one actually )
“Why?” says Ticketus and Whytey together
” Because, if Rangers are Liquidated and Whytey accepts he is not secured, then we might sell Ibrox to someone else in a new Company!”
“Well Secured or unsecured, I am still owed £25Million” says Whytey— “give me 40p in the pound and I will feck off to Costa Rica”
“Your arse and Parsely” shout everyone else.
Whytey rolls both eyes in different directions and mutters something in what appears to be Swahili!
“If you give him any money, then he has to pay it to me” say Ticketus ” In fact we might bankrupt him anyway cause we have a personal guarantee!”
” Not from me!” says Whytey
“What?” say Ticketus
” You don’t have a personal guarantee from me” Whytey replied
“Here it is here” say Ticketus
” Not mine” says Whytey ” Wrong name and date of birth and everything– look check my Passport!” Whytey reveals that he is a citizen of Liberia!!
Ticketus is stunned.
“Anyway ” says Whytey ” Not only do I have a claim- secured or unsecured– on the stadium and Murray park– I also own several players!”
“What?????” says Fuddus and Duffus
” I own several players” says Whytey “They are contracted to me, and so when they are sold on I get the dough– and not you!”
“Well why did we pay their wages then? say Fud & Duff
” Because, you are Fud and Duff” says Whytey ” WE knew that you would make a Cod of it, so we can claim your PI Insurance so as to get some money in the kitty– didn’t we Hector?”
A small man– a smiley man not unlike THE George Smiley man says ” Yes, I’m afraid that is true. You were appointed because of your reputation for incompetence and because you have a nice big shiney insurance policy that we can sink our teeth into” says Hector.
” But what have we ever done to you to desrve this?” say Fuddus and Duffus
” Nothing at all” Replied Hector/George with a gentle voice and a far away stare ” But you are insured with Lloyds are you not? And they deserve a right kick in the Nakas– if you pardon such Vulgarity. I am looking forward to claiming a few quid off them!”
AJ guffaws at this
” Mind you” says George/Hector ” That will not stop me from Liquidating the company when the big tax case comes in anyway– and after that I am suing all of the Directors for wrongful trading anyway– regrettably that includes you Alastair so I would save your mirth with respect!”
“Are you going to let him het away with this?” Shout Alastiar, Whytey and Ticketus altogether looking at Fuddus and Duffus.
” Perhaps I can help?” says a voice from the back of the room
” And you are?” enquires George/Hector
” I am Dave King!”
” Are you now?” Hector/George looks at Dave and says ” Yes, you can help enormously! Go and get us all a nice cup of tea and some buscuits… and try just for once not to get into any trouble whilst doing that.. eh?”
Dave looks crestfallen and leaves the room.
” Now ” says George ” The way I see it, is that secured or unsecured, on Paper Whytey is owed £25Million.. yes?”
There is a general nod– apart from AJ who has vowed never to nod again.
“Good. And I am owed £15Million and rising as we stand today” says Hector/George cleaning his glasses. Again there is a nod– apart from AJ who starts to whistly dixie ever so gently.
“So allowing for nobody else other than me and Whytey— You ( refering to Duffus and Fuddus ) have to come up with at least £38Million… Yes?”
Duffus and Fuddus nod, Whytey shouts ” Gawn Yersel Hector!”, Ticketus say nothing and AJ tries standing on his head just for the sake of it.
” Now, do you have £38Million?”
“No” says Duffus “Maybe” says Fuddus
” Please explain Mr Fuddus”
“Well if we and ticketus were to sell all the tickets over the next 3 years– we could get £38Million”
” Yea but I have already paid for my tickets, and so what ever I sell them for is my business– I have to make a profit!” Yells Ticketus
” So you do, Ticketus– and you will pay the taxes on that profit to me won’t you?” says Hector George
“Of course” says Ticketus
” But you see, i want all of the money” says Smiley ” Not just the taxable bit
” And where Do I come in?” says Whytey
” Oh, you can go and collect the money saved up by the Vanguard Bears and bring it to me”
” Your kiddng? They will kill me!” Screams Whytey
” Precisely” says Hector/George ” You are a Billionaire are you not?”
” Absolutely” says Whytey puffing out his chest ” I have assets all over the world and interests in many many businesses that I do not disclose”
” Absolutely. And so on your demise, you will be good for some inheritance tax– will you not?
” Eh no” says Whytey smugly ” It is all tied up in off shore trusts in tax havens where you cannot get your hands on it”
” And prey do tell who told you that Whytey?”
” Eh.. Sir David Murray…he organised it for me……”
” Do you undertsand why I am here at all Whytey and what lead to all of this? Sir David is a lunatic and so you cannot accept what he says at all Whytey. I am afraid your trust funds are gone”
Whytey starts packing a bag because he is not getting a good vibe!
” Look all I know, is that Sir David said that I could buy Rangers for a quid.. and that it would all go smoothly with a nod and a wink”
” I never Nod” says AJ ” and I don’t wink, and I don’t walk away either… i was in the Boys Brigade”
” Ah the old brigade?” says Duffus wistfully
” Your not allowed to say that in Scotland so shhhhh!”
The door opens and a group of men walk in. One says
” I have an idea, why don’t we unravel this whole thing?”
” Are you Irish? ” asks Hector/George
” English” comes the reply
” You sound Irish”
” I am Irish”
“You just said you were English!”
” I am Irish, but my name is English, and I write for the Scotsman!”
“Which Scotsman? Where is he?”
” The Newspaper!”
” Well this is all very confusing. Where do you pay your taxes?”
” We are not here about my Taxes– we are here about Rangers- the fans have a right to know”
” Ok.. and who are these people?”
” This is Chic Young” says English in an Irish accent
” It’s Chico time” shouts Whytey and then ” Oh.. I am not talking to you! I am only talking to Tom and Jabba”
“Jabba?” asks Hector/George
” He means me” says a fat man at the back ” I am Jim Traynor from the Daily Record”
” And who is the small chap with you?” asks George
” I am with the BBC, my name is Mark Daly ”
” So we have Irish English Scotsman, Jabba Daily Record, Daly BBC and…..?”
” I am Spiersy… I’m freelance!”
” My dear boy, John Inman delivered that line far better, and nobody calls me Lance unless it is in one of those clubs in Edinburgh– you know the ones– down by the Bridges with the late night entry and after I have stopped being Hector for the day! . Nice scarf by the way and I do like the chords. I DO so like a nice trousered gentleman”
The assorted Press just look at one another.
” Are Rangers going bust?” asks Chic
” No” says AJ, Ticketus, Whytey, Duffus and Fuddus
” Yes” says Hector quietly
” But, I have a rescue plan” says Chic to everyone’s astonishment!
” Well let’s hear it then” shouts Whytey
” Look St Mirrin is for sale for £2m. Just buy them and their licence, they are in the SPL, change their name to Rangers 1872 Ltd and Bob’s your Aunty. Sell St Mirrin park for another Tesco or Sainsbury– that will get about £70Million– give it to Hector, Ticketus can then sell the seats, sue Duffus and Fuddus and get a few quid off Lloyds— come on Fuddus and Duffus you guys don’t pay the money anyway, let the bears kill Whytey so Hector gets the inheritence tax–Sorry Whytey but you are a fanny, and seen as we signed Mo Johnstone twenty years ago– sign Messi, Iniesta and Xavi, sell the TV rights to Spain and Argentina and just watch the cash roll in …………. and we will all write it up as if it is the greatest come back since Lazarus. Apart from tell tale Mark.here .. but he won’t say anything because scoop Guidi has the photos of him, Jackie Bird and Shereen Nanjani in the sound recording booth at the BBC night out Last Christmas complete with mini handcuffs on his winkie, which big Jackie always said she would give me back by the way…. oh and I want my season tickets for nothing for the next ten years…!”
There is a stunned silence while evryone ponders this suggestion. Hector/ George starts to nod, as do all the rest with smiles on their faces.. apart from Whytey who is busy trying to figure out how he can fake his own death… something he sees as a challenge.
Then
A small fat man wearing a sweatshirt with the initials AMcC walks into the silent room and stares from one to the other. It is George/Hector who breaks the silence
” Well……… OK……. but we will have to sack this fanny to make sure we get some dough in the door…………………….”
Brogan Rogan Trevino and Hogan supports Kano 1000 says:
24 February, 2012 at 01:31
sorry bud,
but you cant be taken serious anymore after MWD said earlier that Tom English looked like you.
tal
Whether I Look like English id refutable.
The fact that MWD is a fanny of the first order is not….. besides……. I once won a Sydney Poitier lookalike competition which just goes to show you what he knows!!!
Id? = Is
Good evening this is my first post for many a year as I lost my password (new iPad has helped) .i have been lurking in the shadows for about on 8 years and by God I love this site and the people on it,it makes me so proud to finally get back on here after so many years just reading. Tonight by chance I found out how to get on and hopefully in the near future I can add to the debate. I’m off to bed soon but before I go I would just like to say that that the post about Lionel Ritchies brother Mabozza is one of the finest pieces I have read. I know I’m shallow
BRTH
sorry bud, stunningly good piece of work, shouldnt have butted in.
KEEP IT LIT.
boab1888 says:
24 February, 2012 at 01:37
———-
why dont you feck off back to bed, its obvious your a hun.
if you cant prove you pledged to the savethehuns.com web site with a timposter/popish/republican/simpons moniker then your a hun.
tal
off to bed steaming.
anyone listening dont get on the 05:25 clockwork orange first service.
I read somewhere today that Mr Whyte claimed that he spent about 1.7million doing up the kitchens at Ibrokes to explain away where some of the money has gone.
Can anyone tell if the catering is contracted out or done by RFCIA’s own people?
Anyone?
BRTH
Vivid and eerily surrealistic.
Deserves a CQN Oscar for best screenplay.
Or one of Craig Whytes Golden Globes.
Hmmmm
Newco anthem
Try again…
Newco anthem
Grrr
http://www.youtube.com/watch?v=97mSAAzwtv8
Miss Charity Blender
£128
Ref RFCIA’s catering. In the modern world British Pro football big clubs (stop laughing at the back) require their catering contractors to front up the money to upgrade kitchens etc. It happened at Arsenal and on company backed out ofbthe bidding for the contract because the pre contract requirement to refurbish the (then) Highbury kitchens was tops steep.
If our hero has a contractor doing the catering at Ibrokes then they and not RFCIA would have paid for the kitchen upgrades.
Craig, are you being economic with the truth againa?
Long time Shyster,..First time poster….
Thnk we should have a vote for the most original most awesome, most funniest, most Cel’ic–relattit [C. Gordon Boabby Dazzler hunface DL] username oan the paupers’ pledge page…..
Anywey ah ah ah ah vote fur theBould fellah…Seriously underrattit that fillah
Brogan et al
Wow, some post.
I thought I was gettin high and out on a limb tonight on the back of all this crazy news but chapeaux off to you, monsieur.
I am so an amateur.
“There is a stunned silence while evryone ponders this suggestion. Hector/ George starts to nod, as do all the rest with smiles on their faces.. apart from Whytey who is busy trying to figure out how he can fake his own death… something he sees as a challenge.”
The movie will be film noir no doubt…..
Ally can play himself ( the horror, the horror….he will get to the same weight soon as Brando in Apoc Now)
AJ can play Dave King or vice versa.
Murray will be played by Kevin Spacey.
Martin Bain is a hard one. A belisha beacon will stand in until the right actor is chosen.
Gordon Smith has no part to play just like what he said.
Craig Whyte will be played by two or three different people – it’s what Bunuel would have wanted.
John Greig is a piece of wood.
The kit man is an Easter Island statue.
Jabba as Walter Smith is a shoe-in, the man is desperate to play a part in the ‘gers history.
Hugh Adam as Deep Throat.
pigalle
And suddenly he was all by himself.
pigalle WhoShouldSackItNowCSC
Mos def.
Night all youse lurkers’n’posters’n’huns’n’others….
pigalle WhoIsAnxiousForMoreBadNewsForTheHunsInTheMorningCSC
Any links to Chico screamer
ChampionElect/20+csc
Unfortunately, because of the time difference, by the time I get on here most of you are in bed, but every day the craic gets better in here
and I end up sitting here almost pishing masel, and the wife is thinking I’m going aff the deep end.
Mabozza Ritchie…classic
Another party planned for LA on Saturday Morning. Keep it up guys, nothing but happy times ahead..hail, Hail
Night Pigalle!
Hugh Adam as deep throat, Mmmmmm!
Does that make Paul and Phil, Woodward and Bernstein.
HH
4 hours to catch up
sore jaw from laughing
this is the best Christmas ever, ever, ever
.
Living in Another Time zone at the Moment..It’s Like Walking up Every Morning to a 0-5 Away Win..
Every Morning l Take my Wee Ghirl to School then Listen to the SuperScoreBoard Podcast (Imagine Admitting that on CQN a few Years Back)..Comedy Gold..I Just wish BFDJ was Still there..
Summa