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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sixtaeseven: No NewClub in SPL and it’s Non-Negotiable! on 8 June, 2012 at 16:48
its a relief for anyone thinking of buying a calendar tho, that mobs ugly enough without that little runt staring out at you.
sixtaeseven
Please tell me that’s real?
BSR -they would make an excellent series of postcards.
You could send them roun’ the world to folks and brighten up their day.
Did ole Greeny ever star on Jackanory? whit a tube!
hamiltontim on 8 June, 2012 at 16:48 said:
who sent you it?
for the 4th or 5th time?
hamiltontim –
do you need a link for the predictor, only 10 minuts till kick off? ;-)
bournesouprecipe on 8 June, 2012 at 16:50 said:
Real but unreal…
http://www.eveningtimes.co.uk/sport/rino-gattuso-looking-to-seal-rangers-deal.17823823
Sami with a short back and sides!!!…
…kidding!
Can’t see there being too many goals in this one. Would be glad to be proved wrong though.
Looking forward to the tournament, fills a few weeks until we can go backto watch Celtic if nothing else, but I think this will be good football well hosted.
2-2 on the predictor for me.
che/Jobo
Pair of smart erses :-)
*thanks to TTT who sent me it in an email*
hamiltontim on 8 June, 2012 at 16:58 said:
che/Jobo
Pair of smart erses :-)
*thanks to TTT who sent me it in an email*
and a text and a letter and a postcard and a tattoo and a phone call…
che
You missed out carrier pigeon.
Oh and my daft bet for the tournament is for there to be at least 8 red cards – just over evens!
anythingtokeepmeinterestedCSC
HT
TTTs a wideo he only sends it to people who have no chance of winning.
Guess who forgot to register?
……and Harry Potter type owl.
hamiltontim on 8 June, 2012 at 16:59 said:
what you doing on here when the pubs are open?
wee CT will be fretting.
Big Sammi – 1 touch, 1 pass completed, 100% accuracy
Sami is wondering how he was allowed to challenge for a high ball without a foul being given against him
Any truth on a media embargo since Tuesday about the BTC decision ?
che
He’ll be in Bar67 drinkin’ my tote money.
Wheres Arthur boruc then?
Sorry if this has been mentioned (having difficulty catching up and watching the football at the same time) but ALamont is tweeting that D&P are “moving to terminate Dave King’s directorship of Rangers”
Can they? How?
•-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on 8 June, 2012 at 17:11 said:
If they can terminate a perfectly legitimate contract(Ticketus) at will, terminating a mere directorship will be child’s play;-)
Sami doing the number 7 proud there!
twinkletoesCSC
silky skills by sammy
Sami the star of the Euros so far for me
new article posted.
1-0. No more than the Poles deserve. Much the better team.
That was coming – about the fourth time they got in down their right
Oh well I might win the Euromillions – goal been coming
bournesouprecipe
Farewell Cha Du Ri
* pictured with his Dad before he came to Paradise *
——————————————————————————-
Jeez the similarity is uncanny.
No,….Honestly.
The Poles are sharp in front of goal. ! nil.
That goal was coming. Greek LB absolutely hopeless. Poland looking good.
Poland look like an excellent team
excellent goal..well executed by Lewandowski …very good cross too
Eye on the ball Paul, eye on the ball
HH
sixtaeseven: No NewClub in SPL and it’s Non-Negotiable! on 8 June, 2012 at 16:48 said:
Surely the bhuns aren’ THAT gullible………oh, wait ……..LOL