How many times have we warned against internecine strife over the years? No one from outside a football club can really lay a glove on it, any real damage can only be done from the inside. Yesterday was Internecine Strife Day for one of the world’s biggest West of Scotland clubs.
Following on from Stewart Regan’s assertion to the media on Wednesday that an unnamed member of Rangers senior management did not properly disclose the damaging Employee Benefit Trust arrangements to the company’s directors, one of those directors, Dave King, has lodged a £20m claim against the club to compensate for the £20m he invested in shares in 2000.
There are so many acts in play at the moment it is difficult to know exactly what outcome King is hoping for here. The company is broke and at most will pay pennies in the pound to creditors, but Mr Regan’s assertion that some managers did not discharge their duties correctly opens up wide-ranging ramifications for those he referred to.
Regan excluded SFA president and former Rangers director, Campbell Ogilvie, from his allegations but it is unclear where his information came from. Concern is that it may have been directly from Ogilvie and that Regan spoke without an independent investigation being conducted. We hope that the SFA chief executive would not be so foolish as to attempt a cover-up of these matters.
Good corporate governance practices not only reassure the public, they protect chief executives from embarrassing resignations.
His silence on who conducted the inquiry that cleared Ogilvie and established that someone “higher up the chain” hid facts from Ogilvie, and perhaps King, is alarming. The SFA is not an old boys club, we need to know, did they properly investigate Ogilvie’s role or is something more sinister underway?
Who at the SFA knows about the inquiry which cleared Ogilvie? My previously-reliable sources at the Association were not aware the matter was investigated. It would also be good to know if the SFA board received the report that allowed Mr Regan to clear Mr Ogilvie. After all, the SFA are acutely aware of the dangers when important matters are kept “higher up the chain” from board members. What a sorry mess that would be.
I could cynically guess at these answers but after hearing Stewart Regan, it’s perhaps better to establish the facts first.
Let’s hope someone asks Mr Regan and he is able to clear the matter up. Better still, let’s hope someone keeps Fifa up to date with these developments and the ones we covered yesterday – don’t leave it to someone else, make sure they hear from you.
The Herald today listed charges including tax evasion, fraud, racketeering and money laundering against Dave King, but explains why he is crying foul play against the current, previous and potential future owner of Rangers.
In fairness to King, he has seen many obvious pitfalls in the Green proposition, perhaps a bit more internecine strife at the right times would have been better than blissful ignorance.
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Two ridiculous yellows from the Spanish ref, but Poland by far the better side – they seem a yard sharper than their counterparts.
Watching Greece because of my pro-Sammi leanings. Can you be panic-stricken yet at the same time nonchalant? The Greek defence and goalie are making a good attempt at this. Sammi playing well, but getting no support on the left. Ninis is a ninny – that’s twice I’ve seen him play cool back heels to no one. He’s not in a Michael Jackson video, but he thinks he is.
The Poles were ripping up that right hand side until the Greek LB was subbed.
1-0 going on 3, and with the sending off, game looks over.
How long did it take for Campbell Ogilvie to develop that gloating smirk he has permanently fixed on his smug visage?
Practice makes perfect I suppose.
We inherit the face we most wanted.
Sir Paul
Whit is Justice?
Justice,is ..using, the Stock defo..
“Justice,is Conformity tae Moral Rightness in Action or Attitude.
And… using, Ma ain.. Defo..
Justice,is FAIRNESS.
So tell me,this..
Is, THIS .. FAIR??
Duffer,Dolt an Muggins..( That’s Greir..in case ye are interested!)
hiv stipulated that..
They, wull receive the full amount o’ their Bill, fur services Rendered… although, strictly speaking..
They Themselves, must be Classed as.. Creditors, tae the Wilting and Tilting.. G.A. Enterprise.
It is Disclosed that…Under a C.V.A… If Accepted… All Creditors… must be dealt with in an Equal Fashion.
Therefore, if The Funds Available to.. well.. Fund… the C.V.A. Dictates that each Creditor, can and wull , receive a Mere… .. One PENNY,for Each Pound of Debt which he/she/it is Owed by the G.A.
then,
Is Justice being served ,,
If..
Duffer, Dolt and Muggins(Dinna Furget.. the Grey Eminence.. Mr. Greir)
Receive the Full and Total Amount of the Debt which They are Owed, For services Rendered… from .. the Wilting, Tilting G.A. Enterprise???
According tae MA ain Lights..
If Duffer, Dolt and Muggins(Not tae omit the guy behind) the Curtain. Mr. Greir) do in fact receive the full Amount of Their Bill..
Then.. Justice Has Soitenly
NOT . bin Served..
and
Mr. Bumble, wus Right..
“The Law . is an Ass!” efter awe!
Kojo.
Still, Laughin’
philvisreturns on 8 June, 2012 at 14:01 said:
saltires en sevilla – Yup.
Earlier yup
Thumbsup
Frankie Boyle @frankieboyle
The people of Glasgow cheering the Olympic Torch on to its final destination, a ceremonial insurance job at Ibrox Stadium
2 nil Russia , they look a good side, playing good football, canny believe that the little general is in charge! Is that the same guy St Martin rattled into oblivion!!!!!!! surely not?
Any signing rumours for the bhoys?
Hail Hail to Teuchtar ar la , How u doing M8?