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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Someone speculating on Twitter that the blogger known as RangersTaxCase (RTC) is actually Craig Whyte (MBB)…wouldn’t that be something!
Pudsy bear has just pledged a double negative, Aye Right!
mic1888
A subtle improvement on my derision of the huns…
But here’s to you….. Good one!!!!
:-) x
get pledging guys, lets see if we can get that magical £75million figure
https://www.saverangers.com/
I just bought a R@ngers shirt at Tesco
They deducted 10 points from my clubcard!
ystatim says:
23 February, 2012 at 22:04
Welcomes
Jurgen Bustyakuntz just made a worthwhile pledge
jmcgtimalloy says:
23 February, 2012 at 21:52
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!!!!
You’re a star!!! Good idea!!!
HH
:-) x
Got to confess I’m gettin a bit worried
I estimate the pledges are in the region of £3.5 billion now… And – if u look on the bright side – goin by the pledge names, the Huns are now attracting a diverse multi-ethnic part of the population. They’ve really turned the corner now.
It can only be a matter of time before a New Warchest is unveiled.
I’m so convinced of this, I had to pledge £10 under that name
…………………..Radio Snyde special guest…………………………this Saturday……………………………..parents aside…………………………………………………………………………..Gordon Smith
Soon….very soon…the whole stinkin’ edifice’ll be getting flogged off. So….I say : AUCTIONS speak louder than words!
They have just sent my £5 back to Barbara Seville :-(
Heres some encouragement from our pals at FF who have a teat in thier eye at the success of the site
FF below
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Re: SaveRangers.com website sees £5.8 million pledged in 24 hours
A truly impressive figure and just to cheer bears up further, if you have signed up for more than £5k you may not have been contacted, so the figure likely to get another big boost from that in the coming days
_________________________________
e: SaveRangers.com website sees £5.8 million pledged in 24 hours
Incredible amount so far.
Just pledged. Keep it going bears
_________________________
Re: SaveRangers.com website sees £5.8 million pledged in 24 hours
Great work from the bears.
___________________________
Re: SaveRangers.com website sees £5.8 million pledged in 24 hours
Bears are starting to fight back Craig.Were gone get you… C.W. OUT NOW
____________________________
Re: SaveRangers.com website sees £5.8 million pledged in 24 hours
That’s why WE ARE THE PEOPLE!! *** the rest of them keep donating bears lets keep it going. Bearing in mind this is without major players and businesses. Come on spread the word bears.
.
Mock the Week on beeb2
Rubbish compared to CQN tonight
Paul67 – any chance of getting some of your posters on that??? lol
Would make for great viewing!
:-)x
So how many incarantions of Rangers will we see applying to get back in come the summer – if theres no clearing of the debts by then?
Who would Ogilvie Campbell and flat top Doncaster want in?
A flat top? You can normally judge a guy by his haircut, guess what kind of music he is in to. Doncaster loks as though he is part time sciffle band wasboard player.
My granny taught at St. Anthony’s for 40 years from the 1920’s to 1960’s…..she didn’t care for Huns,either!
Gavo says:
23 February, 2012 at 22:06
Belter!
notthebus
Class!!!
Still no sign of a party at the “big hoose” then? LOL
HH
:-)x
Thats Bob Agg just pumped 500 smackers into the kitty!
;)
Thae bears are denser than I EVER imagined…..they think they’re saved via donations. How thick can they be? Thicker than the thickest thing in a thicket,by the looks of it.
Bill D. Gallows (quickly) with a cheeky wee £500
:-)
http://www.savethetitanic.com
I’ve pledged three lifebelts and a tin of de-icer
Just pledged as Chrite Waig…omg !!
Ooh they’re gonna be mad when they find out
All those pledges, an only £7.42 from real huns
See a mad bear, they’re funny as ####
miki67 says:
23 February, 2012 at 22:14
Thae bears are denser than I EVER imagined…..they think they’re saved via donations. How thick can they be? Thicker than the thickest thing in a thicket,by the looks of it.
you mean imaginary donations :-) now that’s really thick
CW’s american relative Tilley Confeste has just ploughed in $1000
monteblanco
Gold star on it way
Class
Margaret Thatcher of Alpha Centauri has just rallied round the flag, bless ‘er.
And i think it is high time Bill Struth put his hand in his pocket.
Here goes.
bankiebhoy1
LOL
Shame on you!!
Think we’d all better get ready for a few hail mary’s tonight.
In spite of her beatific smile, I’ll wager she’ll probably let us off with a few!!!
HH
:-) x
R U FU-snookered just pledged £1690.00
MWD
Paul,
You must be wrong on the company details – the huns “know” that we are a Newco. It’s a pure solid fact so it is.
Why else would they have set up a top secret Facebook group to get the story out there? Membership is by invitation only so don’t go trying to join or anything.
Bill Struth’s ghost pledged £5000
JimmyQuinnsBits says:
23 February, 2012 at 22:15
Ooh they’re gonna be mad when they find out
All those pledges, an only £7.42 from real huns
*******
That was from the whole 742 of them as well, pennyarcade.com :-)
Wendy Chipsardown came up trumps with £1K
Jimmy quinn’s bits
Hiya! Great point….. can’t wait to see the reaction when they realise most of it came from the high jinks on CQN
What a great night….. I’m sore with laughing!
HH
:-) x
Couldn’t resist; S Tony Broek (charlatans.scheisters@hotmail.co.uk) pledges 500 . . . greedily sucked up by the web(of deceit)site!
TerryWogan has now bid £1000.00
Childreninneedindeed