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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SOAL
Ok, you are on :>)
Some more Hun Pledge names…
Tessa Cohen
Kenneth Lay
Charles Ponzi
S. John Bosco
Johnny B Goode
Stagger Lee
Robert Sands
The late great Mark Twain:
Those who do not read the papers are ill informed
Those who do read the papers are misinformed.
Never was a truer word spoken.
Fred Goodwin £5000
fredtheshred@hotmail.com
Couldnt reist Ishmael T Glove
SOAL Stop gambling with their future :-)))
reist = resist
Paul.
I hope some sort of protest will be made to the BBC if Smith is offered a job there??
.
Cathy LicksarUs.. Offer to throw Money in the Plate..
Summa
Good evening Bhoys and Ghirls, I am in tears laughing at your donations to ‘saverabighoose’ campaign. Absolute comedy gold! I hope you all remembered to tick the gift aid box so they can claim the tax back? Monteblanco, your Wendy Chipsardown is my winner at the moment closely followed by the German benefactor, Jurgen Doonty The Third! Hail hail sTICks
Very rarely post on the blog but have to say some of the comments tonight have been tremendous.
Have spat my beer over my laptop twice now and haven’t laughed so much in ages.
Had to get in on the act and Usar Fickasmince at the laughinglodge.com just kindly donated to their
cause.
Only a true bear could come up with a masterpiece like this.
HH
Night bhoys………
Can’t stay on any longer!
as a new hoops fan : can’t believe how it consumes your life!!!
LOL – not just watching the hoops (and every other team now that might upset their SPL hopes) but now, CQN too?????
Carry on the good work – you’re all brilliant…. and hugely entertaining!!
Might have to take a few nights off CQN to get up to date on work and life!!!
Enjoy the banter, bhoys!!!
HH
Happy days!!
Night all
:-)x
Johnny Cash??
Change is inevitable, except from a vending machine.
Seriously, every time I read that link (I speed read a lot online), my mind picks it up as scavengers.com.
naejoshingCSC
Bournesouprecipe….you are a star !!
I actually hurt myself laughing at Dingwall as Pudsey…..should that be Fudsey bear.
My boy was on snyde tonight..(he’s a murderwell supporter)..gist of his call was,
“I don’t really want to heap any more misery on the gers fans but were avn your champions league spot,cheers”.
nice one son.
ira shizen smiling is a lovely girl but they dont want.her money.
buck fifty pledged $1.50
Nick Leeson’s just waded in with £5 mill. Said he was representing Bearings Bank.
Paddy Gallagher
Dont tell TET but being from Lanarkshire i dont have any cash apart from a 1 pound note.
The Apprentice bhoy of Craig Whyte
Regarding Gordon Smith, watch as he walks seemleesly back into a role at BBC Scotland, and so confirms the establishment triumvarite of Scottish football, R*ngers, The SFA and BBC Scotland, which he has danced around so freely. Well Gordon your days are numbered. The house of corruption is coming down and with it all the cheats and wandering peddlars like you.
Isma Facestraight £10
Some more names…
Charles Edward Stuart
Saif Gaddaffi
Edward Kelly
Hyman Roth
Wee Willie John Mc Fadden just pledged
What is the link please? I want in on this
Gordon J @ 22.32.
The BBC journalist also said he had seen HMRC paperwork in respect of the
£15m tax debt. His source at HMRC said they’d consider agreeing to a CVA
but only if Our Hero wasn’t involved.
I found this troubling.
Snake Plissen
Mark Twain did’nt have the blessing that is CQN.
Vincent Depaul just weighed in.
No Police at ibrox!!! :)
Where did i go wrong they didn’t want my money
Mason Boyne
Hagen_daz@hotmail.com
:>(
maybe they have enough
Constable says unlawful to host a game knowing police will not be paid. @theheraldpaper
Its getting better all the time
Shedsevencsc
Just think the Copland Loyal were singing this back in August:
The Duffield Song!
off topic …
anyone been to the Jamie Oliver restaurant on George Square ? any good ? am due to go along there for lunch this weekend
guys
Just to let you knw the latest with the CQN Vanessa appeal signed top.
The top was initially purchased by a CQNer at a charity do.
He paid £170 and donated it at the musiz quiz for Vanessa night on 11/2/12. Top guy, fantastic gesture.
The guy who paid £5k for it on ebay asked it to be re-auctioned. Just totally brilliant guy. If he’d taken he’d be totally brilliant too, as is anybody who bids anything. At some pont, someone has to keep this, hopefully treble winning top!
It was re-auctioned yesterday am on a raffle ticket basis at a £1 a pop (there are worse things you could spend a £1 on)
By 10pm that night all 1,000 tickets had been sold.
I ballsed up the ebay entry causing some guys and gals to be overcharged in postage.
I’ve spent a decent part of today refunding people. The way it works is, if ebay wishes to charge you the postage (the mistake was corrected around lunchtime yesterday and the bulk of buyers were unaffected), pay the amount, then email me via ebay your real name and the amount of postage charges. I need your name to identify you on Paypal. I then refund you the postage charges. I’ve refunded a few people today and its all worked out fine. Will not be so quick off the block tomorrow as I was today due to work commitments but you will be refunded before the deadline of Monday. There will actually be no postage charges incurred by the winner of the raffle. All mistaken postage charges will go to the Vanessa appeal.
The draw will be posted on CQN on Monday night. Sadly there will be just the one winner but the real winners, of course, are young Vanessa and the Celtic community for once again doing the right thing. I’ll get someone numerically literate, like Blantyrekev, to audit the proceeds and make sure everything raised on ebay and collected on paypal is exactly as it should be.
Last word on Paul67. Articles think and fast in these historic times. Just fantastic journalism.
Thanks again everyone for your generosity and patience. Some truly heartwarming correspondence with guys today.
Loving this pledging!
I think CQN will own them by tomorrow!
Night all.
HH
Bless U donated £500
MWD
Hugh Adi Cuminns pledges
Surely HMRC could not do a deal over PAYE? They’d be undermining the whole tax system.
Paul Gascoigne has pledged a fishing rod , 6 cans of lager and a fish supper !!…….claims he’s skint too…..but it’s the thought that counts.