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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What planet is Hately on, you couldn’t make it up. Sado
Hail! Hail!
Blue skies and sunshine smiling on North Ayrshire this morning.
TBB, you’ve been shared.
For a full big hoose THEMS get charged £17,000 policing costs
A full house at ours we get charged circa £32,000!!!
And THEMS get time to pay???
What’s going on?
Questions should be asked of Strathclyde Police
Ghuys,no disrespect to Awe Naw meant,he clarify’s this
eejits alphabet soup.
Just seen the Hateley article! Tainted title I refer once more to my quote from Mr Neil ‘Champ’ Lennon ” If we do win it and people want to throw that at me, I will have plenty to say about devalued titles over the years”.
Also its funny how the they used to be ‘no one likes us and we don’t care’. Now the hun appears to be a sensitive sort, all that bigotry, etc was just football banter but having a good old laugh at them going to the wall, well that is just not funny and taking it too far! They are hurting!
Brogan Rogan Trevino and Hogan supports Kano 1000 says: 24 February, 2012 at 01:31
No no no no …. Didn’t you get my sms ?
Where’s the giant octopus / squid ?
Where is Jabbas Bruce Willis moment while reflecting on nod gate ?
HH
Just read Hateley’s rant from the papers that was posted earler, Oh is that guy hurting or what…………. made my day, but remember Mark says we should all be ashamed of ourselves, I hope you are ……………………………………..
Can it be correct that a property expert involved with football and heavily involved in Ibrox / Govan area really valued the combined assets of Ibrox and Murray Park at less than £5m based on the fact the acreage has no planning permission and one of the assets would struggle for anything other than industrial use? surely not……….
I also met a man in a toilet yesterday (let me finish) I asked him if he was Rangerstaxcase.com, he didn’t deny it, who was that man?
Of the many nuggets in Hately’s piece, this one stood out for me
‘There is no shame in being duped. Let’s be honest, it happens to us all’.
Sorry. That should have been that they don’t want the link sent to non rangers fans.
Paul67 says:
24 February, 2012 at 09:58
TBB, you’ve been shared.
as opposed to
Craig Whyte, youve been snared
Neil Lennon is @ 09:59
Thanks for the info , now what are Celtic going to do about it .
Just seen the hateley article
I for 1 will be dancing on their grave and eating jelly and ice cream
With the party music on full blast
Rangers football club = was more about bigotry and winnining at all costs to keep Celtic in second place
The journey back from parkhead when the Huns waved money and threw bricks at our bus .even after they had won
Hope you are hurting now hateley.girfuy
Havingapartywhenthehunsdiex csc
Terry Connor new Wolves manager
Is that article for real?? Like a toddler Hateley… He was in the thick of their era of dodgy dealing ..
HH
Had to break my self imposed ban on reading the record to read what hately said. Glad I did now, funniest read Ive had in a long time. The guy clearly has been lobotomised!
By Mark Hateley on Feb 24, 12 08:29 AM in rangers
CONGRATULATIONS, Celtic. This year’s title is yours and even though I believe it’s tainted that’s none of your concern.
Well if you base your article on that opening statement that’s where you go wrong.
This is the first title race for more than twenty years that has been fair. This is the first title race where the rest of the SPL hasn’t been handicapped by a cheating rangers.
Must try harder Mark. 0/10
Allyhuntersgloves says:
24 February, 2012 at 10:01
(let me finish)
your words or his?
Was on the train home last night and overheard the unwashed ones in the seat behind
moan that from the *angers clubs in Gourock, Greenock and Port Glasgow that they had a total of 16
signed up for the bus to the game at the weekend.
They’ll be able to give their heros a lift to the game at this rate.
Ten Men Won The League says:
24 February, 2012 at 10:01
Haha no shame in being duped! It’s not double glazing or a mobile phone contract it is buying a football club! Where transactions between parties are millions and millions of pounds…oh…well..normally…hmmm maybe he is right
Tainted title.
It wasn’t a tainted title at the begining of November was it, it was league over, the ragers were steamrollering everything in sight, super sally was the greatest thing since the cardigan.
They have lost 1 player, not their whole squad, 1 cheating diving player.
A couple of injuries,all teams get injuries, we have had half our team out most of the season.
No tainted title mi amigos, just bitter huns.
Neil Lennon 9:59
Calm down man – the cost disparity is easily explained.
The extra £15k policing costs Celtic pay gets you a match commander who isn’t deaf.
So now the Administrators might end up in court for going ahead with the match against Killie knowing they could not pay the police.
Every day is Christmas day…
Oh! Dalai Lama has just pledged £2000.00
Hateley is correct in that there is no shame in being duped, but twice?
Whyte has (with no pun intended) taken the hordes to the cleaners…he has spent THEIR cash to buy THEIR club and run it into the ground…now maybe im being just a wee bit pedantic here, but didnt his predecssor do something very similar?
All this guff about the millions minty poured in from his own coffers…whilst selling off various parts of the company and its assets?
…and another thing Hateley, the titles you won – with your club with 140 years of hate and aggression towards those who only want to party (thats us btw) – are surely more tainted than this seasons ‘cakewalk’.
You won your medals in an era where the Premier League was at its weakest, probably ever. You had no challenge – bar the Dons x1 and us with TB x1 – to overcome. You took the money, bought into to the triumphalist ethos of your club and now make a living pandering to the hate filled upper and lower tiers of your former club.
My advice is have the humility to indulge us a bit of fun at you and your former clubs expense. Its what football rivalry is about.
You rubbed our noses in it during the nineties and in the naughties where your club cheated Celtic out of titles.
Dry your eyes and take it like a man……bitch (in a breaking bad kind of a way)
And finally…..Damien Jurado’s new album Maraquopa is quite beautiful. Listening to it contrasts so dramatically when reading about deceased main rivals.
Mark HATEley has just donated £2000.00…
:)
Mark Hateley AKA, “The baldy guy with the long hair” wrote a charming piece in the daily record today, but to save you reading it I have summarised his thoughts
“how dare Celtic celebrate when the nation is grieving, how very dare they”
Och cheer up baldy- have a wee ice cream, go on, go on, go on,- always look on the bright side of life da ra da ra ra ra.
Apologies Paul
Mark Hately = Baboon Arse Heid
“It’s time for the club to rid itself of all the unwanted baggage so that Rangers can be proud of itself for the fantastic club it has always been”
M Hateley.
Any sleuths spot the flaw in the logic there?
The average rANGERs fan
They all loved it as Murray and co shovelled the cash by the barrell load into iPox.
They all loved it as each league and cups were placed in the trophy room
They all loved it as they sung their bile and won with the help of the mib’s
Well that time is coming to an end soon
And when the stake is driven through it’s heart and it has gone from this land
We will be the champions
We will have won against all the odds
We will do the huddle as the rANGERs die
Havingapartywhenthehunsdiex csc
Message to all hurting huns. (mark hately tainted title extraordinnaire)
your season was in tatters long before the administration axe fell.
Lenny and his bhoys have been handing it out left, right and centre since there early season stumble.
why let the truth get in the way of a good story.
I see the Tims are having a ball promising varying sums £1,888, £1,967, etc using names that would have been familiar to Bart Simpson phoning Mo’s Tavern.
I prefer to promise using believable names (as I live in hope that some knuckle dragger is setting up a system to follow up the real leads – after screening out the obvious wind ups.)
I am having double the fun as I am using the email addresses of company reps ( that I do not deal with) who pester me weekly with offers of what their company can do for mine. The thought of these guys getting phone calls or pleading emails from desperate huns asking that they come good with their generous offer makes me smile.
These people deserve each other.
The Onlooker
Request from a long time lurker..
Would there be a possibility of our esteemed scribe Mr Gemmell reposting some of the excellent Gate in the Wood
series as a tribute to the departing Knights Templar Duffield?
Ok guys I will come clean on the Hately piece
ShaggyCSC
jungle jam67 says:
24 February, 2012 at 10:23
The average rANGERs fan
They all loved it as Murray and co shovelled the cash by the barrell load out of iPox.
They all loved it as each league and cups were placed in the trophy room
They all loved it as they sung their bile and won with the help of the mib’s
Corrected the 2nd line for you there.
HATELEY
er.umm.er…umm er…
get it right up ye ya
greeting faced baboons erse
heided waster.
err umm err
i dance on rangers grave
and because it hurts you to see
us all revelling in our “tainted” (lol)
title i will dance even harder…oh and
did i mention
GET IT RIGHT UP YE.
and BTW…youve made my day
See the CQN got a wee mention in the Sun this morn.
Posters telling Tims to make pledges on the saveragers site.
Big Hateley’s corrrect ,yeez want to get a bit
of dignity and decorum aboot ye
Silas
I was thinking the same thing last night.
Come on WG, how about the a mini-series of ‘Duffield – The Return to Ibrox’?