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.
823 Comments- Pages:
- «
- 1
- ...
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- »
Brigadier Green just pledged £19.67 for save the buns
This is great fun!!
Tbhoy
Right i want some of this pledge action,,,how do you do it?????
Hail hail
Morning folks, sunny morning here in north lanarkshire
what shenanagins can we expect today.
police discover Sally has collected the pledges from savetheorcs.com
and spent it all in greggs.
Billy Hunking has just donated £500 furra big hoose.
BRTH
So, so good!
Only Hugh Adam as Banquo’s ghost was missing ;-)
For those looking to sweeten their jelly and ice cream with an extra dollop of schadenfreude, here are some responses from a RangersMedia post titled:
effect on your normal life
How is our current situation effecting your life. I ain’t be able to sleep well for days now, Constantly think about our club and what’s gonna happen next. I can’t imagine what its like for the employees. This sure is a long dark tunnel, With no end in sight.
—-
I was off my food for a few days, but that was the initial shock.
Depending on your own individual persona, and the amount of emotional investment you have, everyone will react in their own way. People will be on the verge of violence, teetering on the brink of drink/drug abuse, being less than patient with your spouses and kids.
Make no mistake, this is the sort of s— that can give some people serious emotional problems and nervous breakdowns (and worse).
—-
Anger and Despair.I am Fuming.
—-
iam as worried as everyone else, then i think to myself, can The Rangers ever be truely killed?
—-
was fighting after the boozer on sat nite due to all the anger ive tried to keep in.
he was a big c— anaw, im probs lucky the bouncers stopped it after wee traded a few hooks.
no more booze for me till its sorted one way or another.
—-
I’ve gone through periods of wanting to know everything that is happening to wanting to know nothing. Feeling of total helplessness to a point.
—-
Ive reached the stage where I think its a lost cause I cant be a—d with the club any longer but thats just the way I feel
Not a good bear ehhhh
—-
My missus now has a coupon like one of those pandas that Edinburgh Zoo got
—-
A have been coming in from work and just going to bed a can’t watch the news or read a paper.
—-
I’ve lost all contact with t–gs.
—-
At the last count I have stopped talking to 17 of that lot, so at least some good came out of administration.
—-
Massive effect i’d say.
I’ve went from watching the game at the weekend and having the odd look on a few sites to see the latest news to spending insane amounts of time on said sites to check on the latest news.
I’ve been the same with not sleepin as the OP and was blaming it on frivolous personal problems but who knows, this whole situation might be a factor in it. Still don’t think i’ve fully got my head around it all yet.
—-
I’ve hardly slept and at my age I should probably know better but the Rangers have been in my blood all my life. I just can’t bear to think of a worst case scenario. I’ve been e-mailing, texting, writing, phoning and hardly been off the web. Felt so bad last week that I went for a check-up at the docs. Got the OK but my stomach is churning all the time. Media are having a ball at our expense though which really annoys me.
neil.mochan@hampdeninthesun just pledged £71.71
There must be the makings of a board game in this similar to Monopoly – working title Hunopoly – with RFC asset values, chance cards, community chest, dodgy money, etc – never able to pass go but lots of go to jail/enter administration/enter liquidation/pay your tax commands
Pete Zahut and Fritz A Grandoldteam have just chipped in a grand.
Ron Bacardi says:
24 February, 2012 at 07:44
“Does this mean that Strathclyde police have agreed new payment terms beneficial to Rangers?”
No, not at all.
You seem to have forgotten that season tickets were still valid for that game.
Good morning bhoys & Ghirls
Love all the aka names for save the Huns .com
Please keep the good work up ;)
as we reach the end of week 2 of the gers in administration
Every day a new event has added to the fun and games over iPox way
And as much as I want the fun to continue ,all good things must come to an end…?
Another week till a home game,then 3 weeks till the next 1 for the Huns vs Lennon’s lion’s
Here is my prediction for the next 2 weeks
1.large scale redundancies at iPox
2.rANGERs in liquidation
Hope we get the chance to smash them at aye brokes then the FTT decision lands on
Their door step on the Monday morning .
Hope to hear of anyone else predictions
Havingapartywhenthehunsdiex csc
Intelligentsia on R*angers Media have decided a “good idea” is to stop smoking and give the money to R*ngers. Are fags expensive? How many packets is it physically possible to smoke in a day? How many can you get in your mouth at once?
Wee Ping and Wai Ling have just donated from the Chinese Embassy.
Ron Bacardi 24 February, 2012 at 08:53:
There used to be a board game called Go for Broke.
Update it to Go for Ibroke and the jobs a goodun.
Ron Bacardi says:
24 February, 2012 at 08:53
and of course “go to jail – do not pass the big hoose – do not collect £1”
Morning ghents
Edinburgh this morning
On train getting strange looks as pmsl at the story in The Herald about the Hun fans pledging £6 m
Esp when I read that CW has left a further £5 m in tax debt
By the time they take out the ringers they’ll not have enough to pay the missing £5m
this is the most entertaining soap opera i have ever seen
saverangers.com
Wholly owned and operated by Craigie Whyte.
Genius
Pledges piling in from all corners of the globe! Peking born billionaire Hee Wok Tawei has just pledged 5k.
Cheri O’Shame just donated £742.12. :P
cherioshame@dieyabassadie.com
Loving the love.
HH
/Bishop B
Hartsons Comb says:
24 February, 2012 at 08:49
————–
Ahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!
Ahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!
Ahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!
Ahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!
Ahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!
Ahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!
Ahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!
Ahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!
HH
Giggs
So the administrators cannot find any evidence that CW put in any money of his own since taking over the ibrokes club – well i can exclusively reveal that just before the takeover CW was spotted outside Central Station asking for a £1 for a cup of tea – can I have my pound back – or is Gene’s Bhoy the owner of the big hoose.
I see Walter is sticking is oar in again, urging the administrators not to rip up the season tickets and charge at the gate. When will the grandmaster, sorry grandfaither of Scottish football learn to keep out of things he does not understand.
After Kaunas his reckless £20m transfer spree, after highlighting that lloyds ran Dignity which encouraged the bears to start up a boycott and now this, don’t rip up the season ticket books.
Walter has his part to play in the downfall of Dignity, allied to SDM bucaneering style (speirs copyright), and of course MBB, perfect storm.
Give it 2 weeks and they will be toast either no cash or FTT tactical nuek at Dignity
crystallballcfc
BRT&F
Can’t believe you called me an American bum. Your story this morning was truly atrocious and way beyond the realms of fantasy.
Well. At least it was until wee Chico read it.
MWD
Mr Ka Sino and Hiro White….now pledged from japan
‘Aye,Billy Bremner’s statues still outside Elland Road and that’s a new company’
Ahahahaha,Cheers for that Speirs;)
Where can you view the “pledges” Bhoys , or am I just being naive? This is brilliant!!
HH
Giggs
Morning bhoys from a cool, soon to be warm hun free mountain.
Brogan etc.
Comedy gold mi amigo, you could give up the day job :>)
……………………
So we now have the Minty man entering the fray, it was only a matter of time.
This just needs to be dragged out for a while longer.
MORNING,ALL.
Just off to the boozer wi a smile on my coupon.
And a fair bit of that is due to the latest PEARL from BRT&H.
I’m not gonna c&p-LOOK AT THE PROBLEMS THAT CAUSED FOR VOGUEPUNTER EARLIER IN THE WEEK,HAHA!-just flick back to
0131
to read for yourselves.
TRUST ME,IT’S A BEAUTY!
Do you know going to work used to be a painful grind.
Now I spend all day laughing and although my workmates are looking at me strangely I don’t care.
Keep up the good work guys!
Hateleys ‘article’ in the DR today is hysterical
Where is Awe Naw so he can get in about it?
Morning all …
This has probably been posted before, but, what the hey: it’s a great read on a dreich Friday morning:
It was posted be our very own BRTH last night.
Over to you BRTH:
———————
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…………………….
monaghan1900 0900
You mean they’ve given up for Lent!
That’ll go down really well when they find out….
FOLLY FOLLY
Great minds,etc!
Truly worthy of a repost,didnae deserve to be locked away in the wee sma’ hoors…..
Dutch horse racing society want to show solidarity with our brother sons of William. £5 k pledged.
Hoof Hearted.
From the new Muppets movie (very apt)
My son and daughter keep singing this….
“Everything is great everything is grand
I got the whole wide world in the palm of my hand
Everything is perfect its falling into place
I cant seem to wipe this smile off my face”
Mr M.Intaydome..just lodged £18.88
Some say that the Hulk volunteers him his lunch money
and that he won Strictly Come Show Jumping on a Shetland pony
All we know is he’s Victor Wanyama
Mr Avin A Cornetto has just pledged £500 and he can be contacted at ice-cream-eater@hahaha.com.
We all need to do our bit! ;-))
Craiginho