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:
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PG
Mud
The tussle between Rogne and Higdon should be tasty!!
tiger feet =MUD
Mud
Aye
That’s right – Thats right :-)
Farewell then Wiggy
You came, you saw, you did hee haw.
A friend from the Beeb told me many moons that the be-syrupped one was renowned for being a wee bitty vain. Unlike other tv staff or pundits he insisted on his own dressing room whenever he appeared on the box. Well a man needs his privacy when stapling a square of bri-nylon to his napper.
Is it just me, or is this the best time to be a Celtic fan since, well since….mmmm Seville?
1-2 at Trafford
£1967 pledged by the very generous Nick Yerticketmoney of 1 Revenue Way, London (e-mail ibroke@tesco.co.uk). It’s a turkey shoot!
Top Corner
Neimer Orcs
love it
Paddy Gallacher
Watched your link from page 1……… Class!!!
You’re outrageous!
HH
:-)
bass bhoy on a trolley sweep there!
:-) x
Cinderella – sweeping up
Bette Davis – puts her hands in her backpocket
Romeo shouting to skinny girls
Cain
Abel
Hunchback co Notre Dame
Good Samaritan – he is waiting- getting ready for the show
Ophelia – neath the window
Noah
Einstein
Robin Hood
Phantom of the Opera- in
Casanova just being punished
Nero
Neptune
Ezra Pound fighting with TS Elliot
T.S. Elliot
Ach well,
That’s Amyer Mann just donated £5,000.
ChildsplayCSC
celticghirlanew says:
23 February, 2012 at 21:50
He He – good days eh ?
I’m disgusted, I sent a personal email to saveHMSdoomed and have yet to recieve an aknowledgement.
I understand no answer from a job application means they’re not interested, does this mean they don’t want Billy Cream’s £13,000
Jelly and Cream in ML9……it’s pledging time
Good morning from Korea & Good Evening to all you Bhoys & Ghirls in Scotland, Ireland & elsewhere…
Every waking-up recently has been like Christmas Day – look at the computer and find out the latest torment to visit our neandarthal neighbours.
God, I’m loving all this – never though I’d live to see the time but here it is – the huns’ very own “End of Days”
This morning, the Santa sack is really spilling over – Duffield oot on his erse, Russel right behind, him, the wee tax bill needing a name change/upgrade, & last Saturday’s choir being probed.
Gift that keeps on giving, or what?
p.s. – Green Brigade, you guys are a Global football Phenomenon. Absolutely Peerless.
Alright lhads and lhasses,
I knnw this is a controversial viewpoint but I think Scottish football needs a team from Govan in the SPL.
I therefore propose St Anthony’s to represent the good people of the ancient borough.
Up the Ants!!!!
bankie
Tried Googling for Marty Feldman but kept getting ole Googly Whyte
*wierd*
Well done to all the Rangers fans pleding money. In order to realistically remove the existing debt burden they only need to increase their pledges by a further 1900%, and then convert the pledged amounts into actual money.
Once they’ve done that they can start up saverangers2.com where flush bears can proffer even more money to plug the various holes in their finances, enabling them to operate without running up further arrears to the Treasury.
Be afraid fellow bhoys, the worm has turned!
I can’t beleive George Galloway hasn’t pledged his support…..
;)
Soooooooooo much entertainment.
Stupid idea……… scavengers.com ….. but Comedy Gold from the Big Hoose yet again!!
Keep the pledges going!!!
What a great night…. have laughed so much at the posts tonight.
HH
:-) x
Rangers Fc IN ADMINISTRATION..
Utter chaos. Utter liars.. Utter frauds.. UTTER brilliant ..
Hail hail.. 20 point lead.. Read and weep…
When does/did the Russian transfer window close? Is the Beast still among us?!
T4
Paddy Gallacher
It’s hunbelievable!
Magic!
The stuff of dreams.
Am signing up for shares in Rowntrees!!! LOL
:-) x
BSR
They’re like two peas in… an…..err…….*pod!
*spellin’
Bass Bhoy going to town on the pledges, here…
Watch out for his updates
Enjhoy!
HH
:-)x
Baloothebear
Another £500.00 for the Peepil
I recall attending a match at Tannadice on 13th May 1995 when Phil O’Donnell’s only goal of the game see the last match before United were relegated.
There was the usual original songs from the Bhoys and Ghirls in green and white. My favourite was …We’ll meet again, don’t know where, don’t know when…
Time me thinks to reacquaint ourselves with this song ahead of the Party on the 25th.
Keep the Faith!
Hail Hail!
Braff24
Spot on
Al B. Zeinya (al.b.zeinyaebts@hotmail.com) just donated £2000
Rowntrees – Pick & Mix, Fruit Gums, Tooty Frooties, Jelly Tots; Sharing Bags – Berry Blasts, Jelly Aliens, Sour …??
Somewhere over the rainbows…..
Wee Dawwell King has just been talked off a (p)ledge.
hat,coat,collecting tin….
Nakagod…..
Quality!!! LOL
TopCorner says:
23 February, 2012 at 21:33
Good camera work on that piece, Rangers FC sign….pans to Exit 12.. nice.
HH
Was going to genuinely pledge 30 quid to the orcs
but then I remembered
20’s plenty
Anyone else smile when they saw the 20’s plenty roadsigns today ?
Paddy G….
As one who shops……
Rowntree make JELLY !!!
HH
:-)x
celticghirlanew says:
23 February, 2012 at 21:54
scavengers.con
£1888 from J.Lee Nicecream (ben@jerry.com). I’m getting right into this.
Never posted before but felt i had to join in the fun….donated 2000 by U.R Inshit