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Internecine strife, Regan, Ogilvie, Fifa and King

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By on CQN BLOG & Comments

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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  3. Rocket Man on

    ulysses mcghee on 8 June, 2012 at 16:17 said:

     

     

    Sorry man – with the Jubilee, the torch thingy, Euro 2012 and working all week I was attempting some ill-advised ghetto jiveness on a Friday afternoon with Tone Locster

  4. Headtheball on

    My wife was watching big Sammy playing one day and she turned to me and said, “that guy is quite fit”.

     

    I replied, “Yes, he’s got great pace and can run all day long”.

     

    Apparently, that’s not what she meant.

  5. hamiltontim on

    Gordon_J

     

     

    It was the manner in which Green made it sound as though the money would be safe that had me perplexed.

     

     

    I don’t care who has claim over it as long as it can’t be secured by them.

  7. bunburybhoy on

    Here we go UEFA 2012

     

     

    Watching Setanta feed here in OZ, who broke Gary McAllister’s nose?

     

     

    That bet for Greece to win 2-1 and Sammi to score first at 100 to 1 is tempting.

     

     

    HH

  11. Jobo Baldie on

    For me it’s the sitting on the fence bets – 3 or more goals in each of the 2 games. Around 5/1 for the double.

     

     

    Come on the…err…anybody. Just score!

     

     

    Jobo

  13. Zbyszek on

    Headtheball

     

     

    Thanks. Dariusz Dziekanowski in the studio says 2:1 for Poland.

  14. !!Bada Bing!! on

    Good luck Cha,seemed a popular bhoy amongst the squad,good luck Sami 16/1 1st goal Victor Chandler.

  15. ThisIsTheOne on

    hamiltontim on 8 June, 2012 at 16:23 said:

     

     

    I would also doubt whether this is legal.

     

     

    Unfortunately for some silly billies it may already be too late.

     

     

    “Season ticket holders who paid by Direct Debit last season will receive a confirmation letter containing a Continuous Credit Card Scheme application for non-season ticket games.”

     

     

    Watch out for confused looks at cash machines this weekend.

     

     

    Oft Oot.

  16. Gordon_J backing Neil Lennon on

    hamiltontim,

     

     

    Instinctively I would have thought that they can’t just say this money is somehow protected and can’t be got at by any of the creditors. “Sequestering funds from trading while insolvent” was a phrase used on RTC, which sounds pretty ominous.

     

     

    I wouldn’t buy a season ticket in this situation. I know that much.

  22. hamiltontim on

    Gordon_J

     

     

    Only know one rangers supporter who goes and he isn’t renewing as, “I don’t know where my money is going!”

     

     

    Also met a guy who came into work on Thursday and he and his son have had season books for about 15 years. Neither of them are renewing for the same reason.

     

     

    They’ll not raise more than a smile from season ticket sales and that smile will be ours :-)

  31. DownForSam on

    Bhoys.

     

     

    If you can get RTE euro coverage via Sky. Can’t recommend it enough. Vastly superior to BBC and ITV. With added bonus of no constant referencing back to Ingerland. Although “the beast” is sometimes a studio pundit.

  32. ulysses mcghee on

    BSR

     

     

    B&W photos in a digital age?

     

     

    Whatever next?

     

     

    Is that retro-kitsch? Or post-modern? Or is it Retro Post Modern Kitsch?

     

     

    Awe my brain is hurting again…

     

     

    U

  33. kikinthenakas on

    My pals daughter is doing this sponsored ride please help if you can

     

    Cheers

     

     

    Hi Everyone

     

     

    I’m Cycling from London to Paris on the 21st June to raise funds for the Nansato Nursery Trust.

     

     

    Please check out my Justgiving site and help out if you can!

     

     

    https://www.justgiving.com/Ang-Moore

  34. Dontbrattbakkinanger on

    Ole Bourne- what is that? A book cover? A print? A mission statement for next season?!

  40. sixtaeseven: No NewClub in SPL and it's Non-Negotiable! on

    Evening Times:

     

    The capture of Gattuso would be a major coup for Green as he bids to win over the Ibrox crowd and the Englishman is keen to do business as he prepares to sit down with D’Amico once again today.

     

     

    He said: “Fans should be aware of just how big the club is when one of the greatest players publicly states he wants to finish his career at Rangers at a time when we can’t sign anyone.

     

     

    “He has confirmed he wants to play for Rangers and that is something we could do if we were able to sign someone.”

     

     

    That is SO funny!

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