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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Was that police leaving Ibrox today?
i feel sorry for mark hatly. it is clear he is a big bear and is hurting at what is going on at his club. i agree that there is too much dancing on rangers coffin amongst us fellow celtic fans. shadenfroyda somebody on clyde called it. that is the exact word shadenfroyda. we as a support need to be careful. we are dancnig on their grave but they might not be in a grave and we might be in one. a deel will be doen with the taxman alec salmon will make sure of that. they will be back with all of their world record trophy haul and will have money. their fans will pile lots of cash into the club and they will spend it all on players. where will that leave celtic. us loyal celtic fans need to let the board know we know where they have failed. we need to spend spend spend to make sure we can keep up with the rangers. we wont be laughing and dancing when it turns out hatly is right. these guys in the papers know their biscuits. i always listen to everything they say as should all loyal celtic fans. these guys are pade big bucks to tell it like it is. when a legend of the game like hatly speeks we should listen
hail hail
Is this why Gordon Smith was brought in to try and control Whyte and get him back on track with the plan ?
Hail Hail
Money talks, but it also buys silence.
This state of affairs re the buns won’t last much longer.
Also explains why Ally has never walked away
Hail Hail
Scene-setting for Silas and Newbies
The Gate In The Wood – Personae Dramatis
The Gate In The Wood – Summary
The whole sorry saga so far in summary form –
Cash-strapped WG is sent with a flea in his ear to his banking adviser, buxom darnelista, Boynita. The bank beauty provides temporary but only financial relief for our hero who sets about plotting the downfall of her relationship with hated local referee, Dougal Stuart. Stuart is cunningly waylaid en route to officiating at Celtic’s match at Fir Park and advised by the Wishaw Militia to terminate his links with Boynita. Things seem to be going swimmingly when the similarly-threatened but equally masonic Curry McMichael awards Celtic two penalties at Rugby Park. The day promises to get even better for WG when ‘Boynita’ unexpectedly calls and says she’ll be in The Square & Compass pub post-match. Disaster strikes when Our Bhoy falls into the trap that has been set up not by Boynita but by Stuart’s new lover, the bank receptionist and maiden-name-fetishist, Catriona. WG finds himself a compass prick away from the First Degree when he is rescued by the Wishaw Militia who have arrived at Lodge Novo (aka The Square & Compass)in the Trojan Horse form of a Brownings Bakery van. Gemmell is rescued but the repercussions are set to…. er … roll and roll.
Characters :-
WG – WinninGemmell, aka Winston Kenneth Mathieson Dalglish Bergkamp Thomas Burns Gemmell, also referred to by Boynita as Winst, by the masonic community as Winston Bergkamp Gemmell and by the Wishaw Militia (of which he is Commander-in-Chief) as Dick Collins.
Boynita – blouse-busting bank babe from Ayrshire, Boynita’s boniest skeleton so far is the fact that she is the daughter of ….
Sir Gordon Duffield – WG’s sworn enemy, former-Ranger,Right Worthy Master of Lodge Novo and Chief Executive of the SFA, friend of…..
Dougal Stuart – Lananarkshire-based masonic referee and former lover of Boynita who works beside ….
Catriona – gold-digging multi-faced darnelist witch of loose morals who is currently seeing Dougal Stuart but who is eyeing…..
Ramsay Gordon – celebrity masonic chef and ex-Ranger, friend of….
Curry McMichael – part-time pastor-referee and full time mason, friend of………
Sir Fergus Alexanderson – word-slaughtering masonic manager of Banchester United, friend of……
Brown Browning – baker to the brethern, Browning was also kidnapped by the Wishaw Militia to facilitate the rescue of WG from Lodge Novo.
Wilma – Duffield’s secretary.
The Good Ghuys (so far) :-
NAFOS – aka Naf
SOAL – aka Arthur or Arthur Lee
Ulysses McGhee – aka Uly
The Badger – Monday night drinking partner of The Lhads
Bhoys please read BRTH on Paul McConvilles blog
It’s a comedy of farces wrapped in one big side splitting giggle.
BRTH
If you are about well done great work, see I get a coded mention.
Reflectedglorycsc
Does any know a guy who is on here now and again?
Names The Token Tim. give him a bell ,tell him to
get his erse in gear and post the Predictor.
Thanks in advance.
Hateley must’ve missed David Murray saying if Celtic were drowning he would put a hose in our mouth.
Dignity.
Do you think Hateley came up with the word ‘tainted’ after admiring his complexion in the mirror!?
Yes
Obviously they’re still in denial, they believe that because an alleged £6M has been pledged, that they’re going to recover. That’s enough bangers to pay costs for six weeks, not including Swifty & Shifty’s substantial fees. Hateley can talk about tainted titles if he wants, the biggest beneficiaries aren’t Celtic but the team his son plays for (or will he urge them to refuse a tainted European slot?).
There will be more than one newco, as soon as the Whyte hits the fan they will revert to type and start attacking each other.
Couldn’t be happening to a more deserving shower.
Hateley,My club?
It’s amazing what a tax free wage does for you.
new article posted.
getin
Lardo66@11:37
I thought the exact same thing on SSN there
Very much looked like 2 plain clothes policeman having come out of an interview with a certain cheeky chappie?
declan ….again wise words
how is your big mate, and are you still following that girl?
what do you think the score will be a the weekend, and have you a favourite flavour of ice cream?
I also hope they have stopped called you a “daft timmy” as that is very unkind
Winston Kenneth Mathieson Dalglish Bergkamp Thomas Burns Gemmell,
Thank you.
VP
Met him several times through work – he helped out at ibrox with an education initiative. He would be available for a Q&A session in the final week, I think the belief was that this was an incentive to the children to ensure they behaved during the programme of study.
Talk about thick!!
One moment sticks out though. Wee Bhoy asked him, “Why didn’t rangers sign Catholics?”
I think he must have been the youngest Tim to experience the ‘nothing to see here Timmy move along now’ avoidance technique!!
new post im off
Really amazed at the disparity in policing costs between us and THEMS.
I heard about a ‘Tim tax’ but that’s ridiculous.
I hope we are asking questions
I know I’m walking into a trap here !!
rangers in administration
Is this the Cqn thingy ?
The Vmhan is missing the auld Cqn where we mostlly talk about the Celts…
Oh he plays left mid,
And he plays left back,
He’s a centre half,
And he does not slack,
He’s our prodigal son and he hates the Huns,
He’s Charlie mulgrew,
He’s Charlie mulgrew,
Ooohhhhh, Ooohhhh.
Morning Celts
Vmhan Supporting Lenny! says:
24 February, 2012 at 23:51
Is this the Cqn thingy ?
The Vmhan is missing the auld Cqn where we mostlly talk about the Celts…
Oh he plays left mid,
And he plays left back,
He’s a centre half,
And he does not slack,
He’s our prodigal son and he hates the Huns,
He’s Charlie mulgrew,
He’s Charlie mulgrew,
Ooohhhhh, Ooohhhh.