Milan’s mistake with their Champions League squad – they inadvertently included Stephan El Shaarawy in their restricted A List of players, instead of the B List, denying a place in either list for M’Baye Niang, is welcome news. Their squad is strong, with or without Niang, but the oversight lends credence to the notion that a malaise has settled over the club. Director, Umberto Gandini apologised, but already the Milanese are focused on what they don’t have in their armory as a result of the oversight – an excuse for failure is ready made.
I met the owner of an IT company shortly before they went into liquidation and asked him who he had on his board. “Are you not on our board too?” was his jocular response. The company had already gone through a couple of difficult years. With each passing period investors became increasingly concerned; they all wanted a place around the boardroom table, convinced that their gilt-edged experience would be able to guide the company through its troubles.
The chief exec had to cope not-so-much with a boardroom full of captains of industry (which they were), as another pressure group to satisfy, along with clients, creditors, staff and the bank (they may have been weeks from liquidation, but they still had borrowing, this was not a Metro Bank deposit account-only operation).
The chief exec understood the industry and, left to his own devices, stood a sporting chance at survival, but when the boardroom table became occupied by a parcel of rogues the game was up.
On a completely separate matter, I am delighted at the prospect of Paul Murray and John McClelland having a second shot at being a non-executive director of a football club. Wikipedia’s definition of the roles of a non-exec is worth a cursory glance to indicate why. They did so well last time. The others, who it is proposed will share a place at Newco’s table, also appear perfect for the role. If only Sir David would come out of retirement and join them.
Will one of the many directors insist that The Rangers Football Club Ltd submits its Annual Return to Companies House? Under its previous name, Sevco Scotland Ltd, The Rangers Football Club Ltd bought liquidation assets from Duff and Phelps, and which, according to Rangers International’ PLC’s interim financial statement in March, was incorporated into the PLC’s group.
The Return is over two months late. Perhaps, with so many directors available for comment, one will be asked by a journalist or shareholder why the company which bought all the assets has not submitted basic information, revealing ownership details. Perhaps not. No hurry, a striking off notice will be weeks away.
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Bom dia,
Slow day at work here. Anyways this article restored my faith that there are still some good journalists out there and the art of telling a good story is not dead
(Apologies if already posted).
http://www.theguardian.com/football/blog/2013/sep/05/harry-redknapp-played-fan-west-ham
!!Bada Bing!!
14:04 on
5 September, 2013
Club coaches at UEFA forum in Nyon – UEFA.com – http://www.uefa.com/uefa/footballfirst/footballdevelopment/coachingeducation/news/newsid=1990459.html
……………………………………………………………………………………………………….
Neil in the company of some of the great and good of European football, seated next to Carlo Ancellotti.
Then there’s Platini!
HH!!
………………………………………………………………………………………………………………….
Neil in the company of some of the great and good of European football – and then there’s Platini.
Tallybhoy
32 here / monsoon / thunder ‘ lightning . Tonight will be mosquito hell.
Was away for most of August . Told the weather here was weird —-lots of rain , lots of electrical storms .. Lots of electrical storms with no rain .. Lots of sand laden wind . Very unusual for August .
Early September —-same as August .
Don’t know what happened there!
HH!!
Where’s ally??
Too busy I spect!
Hey, I haven’t noticed anyone mentioning the new pub licence laws coming to affect, pubs can open till 1am if they like, now that’s civilised , and not before time ;)
Big Nan
How many signatures do you have?
We will get a look at Pukki the morra night, up against Spain, should be interesting.
“Club coaches at UEFA forum in Nyon”
The Sevco coach never got out of the depot…
Bwahahahaha !!!
Said Lizzie to Philip as they sat down to dine
The board at our club, it now numbers nine
With the ‘books’ to be audited now very soon
We’ll be ending the season on the dark side of the moon
Big nan
The problem with the petition is if such things are declared then it really will, give credence to the ‘tim conspiracy theorists!!
tonydonnelly67
14:27 on 5 September, 2013
Hic……Hic……Hoorah
CL tickets application sent off today ….ooooooooooooooooooooooo
67Heaven … I am Neil Lennon, supporting WEE OSCAR..!!.. Ibrox belongs to the creditors.Am I still in with a chance of a ticket.
Share price up again…..ooooooooooooooooooo
oldtim67
You will get a Golden Ticket
Willy Wonka
A petition to have the false 5 stars removed from deedco’s shirt.
http://www.change.org/en-AU/petitions/spfl-take-the-5-stars-of-the-oldco-rangers-off-the-newco-s-shirt#share
Malone Bhoy in support of Wee Oscar
14:29 on 5 September, 2013
Big Nan
How many signatures do you have?
…………………………………….
570 and it doesn’t close till end of October so should have a fair few.
People fear freemasonry and many have work to consider where their boss is in the Craft so that puts people off, but unless your name is really unusual the identity is not certain as in your case it would simply say, for example: Joe Malone Scotland, or Ireland or wherever.
……………………………….
malceye
14:42 on 5 September, 2013
Big nan
The problem with the petition is if such things are declared then it really will, give credence to the ‘tim conspiracy theorists!!
……………………………..
The petition only calls for decision makers to register an interest in these areas (secret society, orange order, BNP) can you imagine it would be fair if a BNP judge and jury presided over the trial of a black African?
Or if a Masonic judge decided the fate of his lodge master?
Or if an Orange jury failed to convict one of their brethren who had a slam dunk/stonewall admitted assault of an Irish RC…..wait there I can see a problem with this hypothesis as it might be misconstrued ……..
http://www.scottish.parliament.uk/GettingInvolved/Petitions/judgesmasonregister
Ronnie Esplin@RonnieEsplin2h
Statement from Murray/McColl et al will be on Press Association wires soon. Interesting response to club’s statement from yesterday.
Ronnie Esplin@RonnieEsplin17m
Can anyone recall a case when prospective board members were asked to given present board members a vote of confidence?
johann murdoch
The assets, bona vacantia, would revert to the Queen’s and Lord Treasurer’s Remembrancer.
Well you did ask.
Istanbulcelt
Signed
HH
Is it true that “The Queen and Lord Treasurer’s Remembrancer” is watty smith?
More than likely I would think.
Big Nan,
Petition signed.
Starry
sad, sad news
you’re in my thoughts and prayers
U
http://www.dailyrecord.co.uk/sport/football/football-news/new-twist-battle-rangers-boardroom-2253473
New twist in battle for Rangers as boardroom contenders deny ‘vote of confidence’ plan
5 Sep 2013 14:09
A STATEMENT from businessman Jim McColl and his group of investors has denied claims made on the club’s official website yesterday.
The battle behind the scenes at Ibrox has taken another twist
THE ongoing power struggle at Rangers has taken another twist after potential new board members denied agreeing to a “vote of confidence” in the current incumbents as condition of entry to the Ibrox directors’ box.
Rangers confirmed on Wednesday they would consider a request to add former chairman John McClelland and three other men to their board of directors.
A group of disgruntled investors led by billionaire businessman Jim McColl also proposed appointing former director Paul Murray, Sandy Easdale – the brother of current non-executive director James – and accountancy expert Frank Blin as directors.
McColl, chairman of Clyde Blowers, and his group had previously called for an extraordinary general meeting in a bid to have chief executive Craig Mather, finance director Brian Stockbridge and Bryan Smart removed from the board, but it appeared that they had signalled their intention to withdraw that request in the event that the quartet led by McClelland were admitted to the board.
However, the group has now stated that shareholders deserve the right to vote on the re-election of any director.
View gallery
“”””””””””
In Pictures: The key players in the Rangers crisis
View gallery
In a statement issued to the Stock Exchange on Wednesday, the club said: “The board considers that any decision on any proposal for the withdrawal of the requisition would be subject to the provision by the requisitioners of a vote of confidence and continued support for the current directors and to all necessary regulatory approvals.”
However, a subsequent statement on behalf of McColl’s group, released through Press Association Sport, reads: “On behalf of the requisitionists we have made it clear to the Rangers board that we are proposing the additions to the board now to enable it to operate more effectively as a balanced unit in the run-up to the AGM in October.
“However we have also made it clear that, in accordance with the club’s articles of association, all directors, both existing and new, have to offer themselves up for re-election at a vote at the AGM.
“We believe that this is fair and gives all shareholders the opportunity of voting for who they want on the board.
“We agreed this position with the board on Tuesday and were therefore surprised to see the statement issued by the club on Wednesday night which seemed to suggest that any agreement was conditional on a ‘vote of confidence’ in the current board members now and on a continuing basis.
“We wish to make it clear that this is contrary to our understanding of the agreement we had with the board.
“Whilst we believe that the proposed changes will make the board more effective and balanced, it is for the shareholders to vote on the re-election of all directors at the AGM.”
FTQALTR
…missus is pesterin me about a Christmas vacation in New York. Any recommendations for decent accommodation (me. missus and 4yr old) – apartment or hotel from those in the know, much appreciated.
did ASA every come back with their findings ?
can i have raspberry on that champions league ice cream
13:34 on 5 September, 2013
If they don’t produce audited accounts…….kapoot, they’re oot
The Spirit Of Arthur Lee.
I’ll take a ticket from anywhere.A golden ticket from Willie Wonka will do fine for me.
Jim McColl. Billionaire. McColl’s group. Lead by Jim McColl. Accountancy expert Frank Blin.
Businessman and accountant, no? Ah, there’s a leading narrative, now I see.
THE EXILED TIM
Thank you for that :))
Whats that old saying
“when your in a hole stop digging”
Waaaahhhhaaaa
I spoke to a deluded one last night and he said ” it’s ok the new board will sort it out”
I told him spivs & asset strippers dont just stop feeding because some one is watching.
Sevco board meeting is like musical chairs on the Titanic, lol, what a cluster¥¥¥k of a mess, yi got ta luv um, hahahahahahaha
McColl has a real cheek
Owner of a minimal amount of shares and not prepared to put any significant money in
Yet thinks he can call the shots
Another billionaire without the billions
My wee pal Joey Bracken wrote this for Neil Lennon…
Fantastic…have a wee listen….
http://www.youtube.com/watch?v=H6fP5iYKfQo&feature=youtu.be
Kikinthenakas
leftclicktic
Each day that passes the better it gets >}
HH
So the new guys coming in to the Sevco board are telling the existing guys on the board to get out or they will? I must be missing something here?
Former Jambos captain at Sevco
They finding the third tier too tough ??
Madness …..