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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T R
Whats on bb4?
I’m fed up with all the slagging of the Huns, it’s getting over the top – I’m giving it up for lent!
Tell that to the Huns in your work!
The administrators would really like to thank Gordon Smith for his sterling work at Rangers and wish him every success with his continuing punditery on BBC…. they money we will save on hair gel alone, may keep the club going another week….
The wee tax case is now the medium sized tax case.
bankiebhoy – wont hear a word against any of them They are heroes to me
Wee naisy is in ASDA with his dad when he finds out his wages are stopped.
http://www.youtube.com/watch?v=3yXthdWtU-A&feature=related
Watch to the end!
Just pledged again. As Mr B. Hyndthesofa….they just keep giving !
Big German aritrocrat (a Huns Hun) Jurgen Doonty the Third just made a pledge.
Harry Redknapp’s donated 2,000. Think he’ll have forgotten all about it when they come calling……
Quinn forever.
Noted someone on the previous article question why saveHUNS.com was not using referential integrity.
Holy Yoda!!!
Don’t you know they use ‘unsurpassed dignity’ which is 140 years better than referential integrity.
MWD
Looked at the site – can’t see the pledges.
Can someone direct me?
BSR ..is the wee tax case the new black ?
More than a hero to me
shamelessly reposted on a daily basis
Ah thats nice Mr Charles Darwin of whydontyouevolve.com has just helped out too.
Are you watching,Sir Sean Canary ?
Soup-taking lump o’ wid….
Shaken AND Stirred……?
Shhhurley not !
Give Us Back Our Stolen Titles
PAUL 67
THANK YOU
Jude,
3 part series simply called Catholics.
If you go to youtube and search for “Explaining Debt To A Hun ” you will burst out laughing. Not putting a link because the swearing breaks the house rules!!!
Rogue…..
Aye, comic hero…….a la Ronald Villiers
:)
Once upon a time there were three tax cases.
I’ll huff and I’ll puff and I’ll blow the big hoose down – said HMRC
And they all didn’t live happily ever after…
Prestonpans….
saw that last night, not one for general consumption mind
….but laugh out loud hilarious.
johann
Ragers stress that part of the bill is ‘historic’
How does that work then?
Paul67
“They have already missed an important action, but it’s not my job to point this out to them. Until it’s too late.”
mmmmm….you tease….but I can wait…I suppose!
31003… Ashwhed…:)))))))))
nice to see a female pledge from Betty Shuttsit
Music question, name the song which mentions all of these people in the lyrics.
Cinderella
Bette Davis
Romeo
Cain
Abel
Hunchback co Notre Dame
Good Samaritan
Ophelia
Noah
Einstein
Robin Hood
Phantom of the Opera
Casanova
Nero
Neptune
Ezra Pound
T.S. Elliot
had no choice but to pledgbe be… noted the please not post to non-rangers fans or our app will be banned ??why ??
just been on and pledged £1…………got email back to say im the new owner
HH
only malloney
easy – bob dylan – desolation row ?
They’ve just accepted my 1000 punts
Has anyone seen Marty Feldman lately?
SSN…………………..Wiggy joins Save Gers Campaign
Not historic..hysterical .. Hh ..
Music?
Who sung Tiger Feet?
we didn’t start the fire
sale
it was craggy whytey
max byegraves donated £500.00
what a guy
Italiabhoy
Ted Crilley.
Wish i’d thought of that one.