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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Save Gers Dot Com
Paul67
Every day is Christmas day, owe £9 Million yesterday, £15 Million today.
I love being a Tim!
Don’t forget to pledge everyone, just don’t use Sir Minty of Willie Wonka as they seem to have pledged already… ;)
bournesouprecipe
You’re a class act…. love your perspective on all of this!
And howled with laughter at your post about owing the website money!!
HH
:-)x
Bill Leckie on STV
The hat 22 26
Top post. The cull has just begun.
Ps “A team coach may go to Inverness, but a team mini-bus may come back down.”
Laughed out loud at that. By the end of the month it might be a team tandem…
BBC Scottish News hinting at HMRC being willing to consider a CVA if Whyte goes.
Surely not??
MadraRua. I had previously donated as Giovanni Montini, so that’s 2 popes at least who have contributed.
Well we are a broad church!
Hector Zgonniegetye £10
Losin track of settin up email addresses tho… Must b an easier way
Cracked crest on STV
Enjoy, bhoys!
HH
:-)x
The pledges just won’t stop
The thought of Smiffy on the dole would see me sprinkle some hundreds and thousands on the jelly and ice cream. Couldn’t happen to a bigger bigot. Mind you, if he draws the dole that means we will be paying for his keep – AGAIN. Ach I’m sure he will find work somewhere, Clyde 1? Nah – BBC shortbread will have him back. Comical ally can gie wee Sue Barker a phone and see if he can rejoin Question of Sport.
“Home or away Ally?
Home please Sue.
“Which Irishman led his club to a treble in 2012 breaking multiple records on route”
“Err – not THAT close to home Sue”
Dave King – surely the SFA won’t be negligent twice for the same reasons – ‘fit for purpose’. Mind you – should be a seamless transition – from one (alleged) tax fraudster to another (allegedly). Dignity (or at least what they consider dignity) is maintained.
King will take them the same road as Whytey.
Mastermind.
…and your specialised subject?
“The history of Rangers newco fc the 23rd April 2012 to the 17th May 2012.”
midfield maestro says:
23 February, 2012 at 22:23
“Johnny Cash”
His brother Owen has followed up with a big note
HH
Larsson and McStay, 22:28
A quality post my good man
Jimmyquinnsbits
Bass bhoy’s pledge was accepted… on a bogus e-mail account.
Ben@jerry.com
Might want to try that – he got a lovely thank you from the hun tax dodgers!!!
HH
:-)x
They’re saying £5.8m pledged today………that will reduce the wee tax bill back to £9m….!!!! ……. wonder how much of that figure is from CQNers……..!!!!
Bill Leckie on STV just proving he’s a (.) (.)
Group 4 Security have offered their services free to the saverangers.com campaign.
They have offered to drop CW off at the real ‘big hoose’ after stopping on the Parade for a wee ‘nugget’ wafer.
out on Saturday night with Wifes side family for a birthday meal (cant pick your outlaws ) wifes cousin is a Rangers Supporter so he once told me,miserable B,anyway after meal yours truly,with another pint ordered asked him about his team,and the tax case,he was like a lot of them swimming in that river in Egypt Dnile
Any way today the wife says to me she had not seen Robert since Saturday,he lives in same street,My comment was he was still at the Samaritins.if looks could kill.
Surprised to see that Ester.rising@thepo.com hasn’t pledged her £1916 post office savings so far!
Gordon_J……..HMRC are not allowed to deal in CVAs….they never have, and never will
Lenny and Thommo – The Big House Must Stay Open
Has the wee turd been on yet??
The funnyest night on the blog ever bhoys, pure kwality keep it up.
On a serious note.
I will lay odds there won’t be a team called rangers playing in any professional league in scotland next season, apart from Berwick that is, that includes any newhun co.
Noel Ongerthepeepil -pledged £2000
Liz Bon Lyon has promised 5 g(r)oats to help maintain Das big hoose.
Fabrice O’ Society has chipped in with a tidy penny
Henrik Larceny has redefined generosity with a bear friendly £1888
Idi Amin reaches beyond the grave to help save his spiritual brothers with £666
Feenyin B’stard donates £1888 readys to the cause
Gordon Smith was invited out by his friend tonight for a pint tonight to cheer him up, he couldn’t go as he was washing his hair, and had only just put it in the washing machine.
So , what you are trying to say is ‘Craig Whyte’ is-nae due a tax rebate?
Murray Park Tumbleweed pledges for the fabric of the nation
MWD
show me the tickets and we meet in Aberdeen ;-0
hello all
Will N. Testament has just pledged everything he owns!!
Mason Boyne – £1.
Now for some cities – Barcelona, Wolverhampton and Manchester will be adding their cash support once I have opened another bottle.
Hard to believe Christmas was 2 months ago, eh.
TET
10 million pounds to the savethebears says there will be
A clarification from the Administrators at Ibrox.
Gordon Smith has NOT been laid off.
With the good of the club in mind, he has voluntarily resigned in order to spend more time with his elderly lawyers.
Portsmouth FC have donated a set of strips and a pair of shinnies!!
BBC1 Question Time – RBS discussion.
Wonder if Billy in the audience will ask a question about mis-selling season tickets rather than insurance policies?
Idon’t know chaps……
I think there might be the odd charlatan postin’ on that there gers site!
;)
Henrik Larceny! Wins it for me.