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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The Honest Mistake loves being first says:
24 February, 2012 at 10:06
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.
Do you believe this to be true?
Goian
Wallace
Baocanegra
McKay
Bedoya
Bartley
Celik
Ortiz
Cousin (LOL)
All purchased or loaned and paid for with money they did not have, if fact with money they owed to someone else.
At least 3 of these have been first team regulars, the rest for some reason never played much, however all made this seaon the same as any other season, all were part of the first team squad.
Shave Rangers
(thumbsup)
Need some help here…can anyone supply the question for this soon to be popular quiz answer…
Q. ?
A. Joe Ledley
Sorry if already posted – hilarious!
The herald ran a story during the night that gers fans have pledged 6m in a day to save rangers. Does someone want to tell the journalist approx 5.7m of that is from CQN?? Jude illigence and the likes!!
POTY
Copywrite: Rt.REV.
‘..greeting faced baboons erse
heided waster.’
Now THAT is funny!
…though im sure a few Baboons erses will take exception to the comparison…
Dog barks
Scored in last 4 C v R matches (exalted company)
Terry Butcher – The un-edited photos
thedogbarks… says:
24 February, 2012 at 10:40
Need some help here…can anyone supply the question for this soon to be popular quiz answer…
Q. ?
A. Joe Ledley
+++++
Which player, called Joe Ledley, plays for Celtic?
thedogbarks
Who is NL’s best signing?
amadeus says:
24 February, 2012 at 10:22
It’s not even English, don’t they have proof readers at the rectum???
pabloh. That figure cannae be right. I’ve pledged about £500k myself.
Morning bhoys
Today’s competition Anagrams contain the word rangers
Starter: Rangers in debt
Branding reset (hehehhe)
Brigand enters (hehehe – Whyte)
Earn big trends (They wish)
My good friend from south Korea has made a generous donation of £2000.
Well done Poo Ki Hat.
P
Mark Hateley—FUD
This hurting hun goes about peoples jobs being lost
He should read some of the crap he has been writing for a long time
Late October he wrote–
Remember remember the 6th of November,( when we were going 15 point behind )
questioning neil lennon in the job
Calling big Dan a donkey. Telling Lenny to get rid of him
“It’s a mangers job to correct the faults as you find them and make them better
Celtic’s boss appears to be doing neither”
What an ass you are Hateley. HEE HAW, HEE HAW
Try giving some advice to your bestest mate Alastair.Think he needs it
Dignity…. aye right
I’m away for some jelly and ice cream yum yum
Dog Barks – Who scored the last ever goal in a Celtic v rankers game
P.S. POTY is also the right answer I reckon!
tigertim says:
24 February, 2012 at 10:35
The Honest Mistake loves being first says:
24 February, 2012 at 10:06
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.
Do you believe this to be true?
Goian
Wallace
Baocanegra
McKay
Bedoya
Bartley
Celik
Ortiz
Cousin (LOL)
———————————————
Would anyone have any idea of the cost of these players?
And would anyone have an idea of how much Celtic spent on NEW players for season 2011/12?
We really should be exposing the myth that we have been financially outmuscling them in the way they did to us in the 90’s and indeed for much of the noughties too!
It appears that we have at last got a better recruitment strategy and a more efficient scouting network.
Does hately forget that his team were 15pts clear? Tell him they can have the ten points back and we are still strolling to the title.
He’s probably one that thought in November Motherwell would push us for second.
I’m sure he enjoyed last seasons ‘tainted title win’ – never mind tax cheating and spending money you don’t have, what about all the abuse and death threats our manager and northern Irish players had to deal with? I think that more than swung a point or two their way.
Grade A muppet.
Regardless of a ten point penalty (thoroughly deserved I may add) we done something I’ve never seen before – a 25point turn around, that can never be forgotten, a truly unbelievable achievement. And finally, if Celtic and rangers were to play their best XI against one another, which side would have cost the most??? Hmm???
Question if we can win the title at Ibroke, who covers the extra policing needed?
methinks mark hate-ly is struggling to get his giant bitter pill down his throat
mibbe he should give ally a call.
go on the florence city council
bmcd48 says:
24 February, 2012 at 10:48
——————————————–
If Goian was in a Celtic shirt he would have been given the same treatment as big Dan was getting at times. He is an awful centre back. Slow, poor positional sense, dives in to challenges without thinking (I mean Goian, we’ve all had our say on the Swedish International who was coming on to a game before smashing his cheek bone).
Bocanegra isn’t the best either.
The two of them make Majid ‘where is he now’ Bougherra look like Paolo Maldini.
Luvvin Hately talk about winning three titles whilst being skint. Aye, so skint that during that three year period, they spent £24m on players.
flange
KJamBhoy says:
24 February, 2012 at 10:51
Question if we can win the title at Ibroke, who covers the extra policing needed?
………..
Well if they pay it, the home side
Believe me, it’s not easy turning Hateful’s ramblings into anything approaching coherence. It is worth noting that his column normally has the by-line “as told to…”
Nobody was prepared to admit to it this week!
Enjoying this with some jelly & ice cream :)
Muppet
See this tainted title thing, I don’t know about anyone else but I am not counting the ten point deduction in my head. We will win it by at least 15 without the deduction and bearing in mind we will probably lose a few at the end of the season when we have it won with a month or two to spare.
If we won it by 9 points with the deduction then yes, it’s questionable. But they still cheated. they are getting their just deserts. But we were already 4 points ahead, playing well, rangers were struggling in every game, we had to play them twice. It was only going one way.
Tainted? Go look at your medal collection Hately – you’ll find that it’s all tainted.
WHERE IS THE MONEY? A very important question and I don’t see anyone on here helping our friends across the city with answers, poor ole Walter has to come and speak to the media to emphasise just how grave this situation is, all the important people, their fans, players and backroom staff, deserve an answer, they are victims of a crime perpetrated by somebody, not quite sure who it is and in all probability at some point the finger of suspicion will point towards us, so before that happens does anyone on here want to own up? WHERE IS THE GERS MONEY?
Tainted titles? Hately is going on about tainted tiles?
Didn’t know the big man did comedy.
rt rev david hay at 10:32
Very naughty!
But very, very funny!!
FF
robert tressell
see when we get the tainted title taken back off the huns
do we get the sherriff officers to raid the hooses of ex-players
taking their tainted medals off them too…noo that would be hilarious.
and only right i might add
WHERE IS THE GERS MONEY?
It’s not theirs!!
It belongs to us, the taxpayers.
(at least £49m of it does)
the dog barks says
is Joe the last Celtic player ever to score against the Huns.
HH WJP
Hately is doubly hurting, since not only is his beloved club about to die, but his own raison d’être as a [don’t laugh] ‘journalist’ will be over, too.
Shame, really.
FF
thedogbarks… says:
24 February, 2012 at 10.40
Q. ?
A. Joe Ledley
Amny possibilities of course but St Martin’s Bhoy is my fav..
St Martin’s Bhoy says:
24 February, 2012 at 10:49
Dog Barks – Who scored the last ever goal in a Celtic v rankers game
moon bhoy
long story short
they spent it on crap players
good morning cqn
if your travelling on A9-M9 tomorrow you may see guys with Bags with Rankers written on them with boards with Inverness on them just ignore.
Has Inverness got a Salvation Army hostel.Just a thought,moneys tight at Rankers at the moment you know what i mean
Anyone settle an argument? Who sang “Tiger Feet”?