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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5 stars?
5 steak bakes?
5 white chargers?
I don’t care what they put on their jerseys
What they won’t ever have is THE STAR we have.
That hurts them and don’t they know it.
Maybe they’ll stick another 4 stars on the rag-top after the AGM…………..
….. one for each Director!
Sevco struck off -we’re running out of names for them – the unregistered undead ?
Should maybe have a wee European Cup a gold cup, above the four leaf clover, the more I think of it the better it looks ;) ohhhhhh how pretty that would look, I think I will give Pedro a call. What yi think? Lol
Thems hold on to the 5 star charade to uphold the same club lie,re-inforced by Jack and the lapdogs.Oppose at every opportunity.I tell them to go and ask a Bond Holder if it’s the same club.They were evicted as is was a deal with a liquidated team.
tee hee..post from FF
_______________________
How come Ally’s not there aswell
http://www.uefa.com/uefa/footballfirst/footballdevelopment/coachingeducation/news/newsid=1990459.html
Pi***** me off seeing him with that company
I know there’s a few on here not fans of Ally’s managerial ability but I am and believe he should be there, meetings like this improve relations, can make players available that would sometimes not be and also it boosts clubs and peoples profiles.
Che, I just like to take every opportunity to remind them, they are Sevco not Oldco.
It makes me feel better.
Kilbowie Kelt/others meant to say if you could pass on the link to any others who value transparency and justice?
H.H.
Rioskorrie
Thanks for posting the link to that story.
Excellent and so not tabloid.
HH
lawrenzo perfect and very funny analogy….rangers and Analogy seem apt, there is quite a few othercomparisons with the dead them on the monopoly bored (board)let me start the ball rolling mayfair may be blue but it would be entitled to have five stars not to mention income tax,electric company or even community chargewas it whyteshaul or did they just take a chance……l’m off to jail….not passing greengo h h
Lawrenzo
I like the analogy. Five bedsit squats in the Old Kent Road versus The Savoy Hotel in Park lane.
That 1 Gold Star is a constant reminder of how and when RFC 1872 started out on the road to extinction. And oh how it must hurt.
Chris McLaughiln@BBCChrismclauh
Gary Withey tells me he is ready to join the #Rangers board. More to follow
WTF is going on ???
Chris McLaughiln @BBCChrismclauh 4m
Craig Whyte still owns the assets and he’s coming back for a place on the #Rangers board. #Breaking
Guess whos back..back again, Craigys back…tell a friend!
notthebus
17:22 on 5 September, 2013
they should relax ally was taking the photie
Appointment with a inquisitve nurse at hospital tomorrow :))
1st Movi-prep drink finished one to go,
I may be popping in & out tonight folks .
Ps I’m starvin, starting to look at the grandweans arm and picture it spinkled with salt & pepper.
craigys back, cmon is that true ?
my hero.
That board has some line up.
All aboard for the maiden voyage of the titanic. We hope you can reshuffle deck chairs.
Now the real players start to peek out from behind the curtain.
I suddenly feel much better
YUP YUP YUP
haha Fake twitter account causing mayhem
Chris McLaughiln @BBCChrismclauh 3m
#Exclusive Peter Lawwell to join #Rangers as non executive chairman. More to follow.
Marrakesh Express @ 13.05
I thought at the time of the ‘shame game’ that the myth encouraged thick Sally to exert authority over Neil. That was behind the sleekit whisper. Our Neil, being the man he is, put the thick sleekit coward in his place, and Sally knows it.
5 Star
A name for a one hit wonder pop band and a new football club playing a Scottish lower league.
Yup yup yup, end game. Mon oor hero!
I think they should put Mr Custard on their shits…
Kikinthenakas
re 5 Star
Its about as relevant as the Stars above Man City crest
Stan Petrov on SSB tonight.
A full house on Sunday. Incredible that a friendly can gather together so many Celtic Supporters.I know that there will be a teeny band there and a crowd of screaming wain followers,but it should be some day.
weet weet weet(GBWO)
17:00 on 5 September, 2013
Well it’s a propitious start to a career in accountancy.
Just make sure they’re the up to date editions.
Oldtim
Say hello to mini bt..8)
Marrakech @5.30pm
Note- The Savoy is not on Park Lane but I do take your point.
Paul67
Companies House are not the only one’s waiting to get an idea of The Rangers financial situation. The SFA of course should have an interest in terms of granting even a Basic Level Licence.
Notwithstanding SPFL will have to replace SPL since they were published, the following rules are what clubs below the top tier are supposed to comply with under National Club Licensing 2013.
Criteria
8.11
Annual Financial Statements
Refers to the audited annual
financial statements prepared
according to the Companies Act
1985 and relevant accounting
standards (UK Generally
Accepted Accounting Practice).
ENTRY LEVEL Requirement
Regardless of the club’s legal
status, the club shall be
required to provide a copy of its
annual financial statements which
have been approved by the club
members at a General Meeting.
The statements shall refer to the
year ended 2012.
Clubs will provide this
information as follows –
SPL clubs – by 31 March 2013
All other clubs – by 30 April 2013
Comment You can see the difficulty the SFA must be having with this but there is more
Criteria
8.12
Financial Information
Clubs are required to provide a
summary of financial information
drawn from the Audited Accounts
submitted at 8.1.1.
=====> Clubs should be aware that this
information will be made freely
available via The Scottish FA web site. <=======
Comment. Has anyone seen any details yet? Wonder why the delay?
All LEVELS (Gold down to Entry)
A club is required to submit a summary of financial information covering the reporting year for 2012 and the
previous two years i.e. 2011 and 2010 as detailed below.
Clubs will provide this information as follows –
SPL clubs – by 31 March 2013
All other clubs – by 30 April 2013
Unless the 2010 & 2011 figures have not previously been provided the club only requires to provide the 2012 figures.
Period Ended 2010 2011 2012
Turnover £ £ £
Wages (Total Payroll Costs) £ £ £
Wages to Turnover Ratio % % %
Profit or Loss for Period £ £ £
Net Assets at Period End £ £ £
Net Debt at Period End
Comment This is to give an indication of whether a club is living within its means or not
Notes (or Get out Clauses)
In submitting this information, the club must give consideration to a relevant reporting perimeter i.e. the entity or combination of entities in respect of which financial information has to be provided. In particular the financial information must include all remuneration paid to any employees including players and any costs/proceeds of acquiring or selling a player.
The reporting perimeter shall also include any entities included in the legal group structure which generate revenues or perform services for the club in respect of ticketing; sponsorship and advertising; broadcasting; merchandising and hospitality; club operations; financing; use of stadium and youth operations.
In practical terms group accounts are not required. However financial information in respect of all individual entities within the above reporting perimeter must be provided.
Exceptional dispensation may be granted by the Licensing Committee in certain cases where a club is unable to provide historical financial information . <===== Clubs will be required to submit written reasons for such an exceptional request. Not wishing to disclose the information willnot be considered a valid application for an exceptional request however
Comment. The intent to publish and dispensation clauses are new since last year. The first to protect the SFA by saying this is what we were told and its not our job to check. This as a result of failing to check previous porkies told by at least one former member club requiring a 5 way agreement that failed to say stop telling porkies to us (the SFA).
I appreciate that publishing the rules only serves to annoy us because of the failure to apply them, but it is important that we all know just where the SFA are failing our game and in club licensing they are doing so big time.
oldtim
Read your e.mails!
Auldheid.. Would UEFA not be interested in these rules if the obligations are not met?
EDB
Hope you had a great holiday!
Hope yer wee daughter kept ye in line!
Take care!
Bomber Brown got 3 games?
And Teflon Ally, still bumping his gums.
Philbhoy
We had a great holiday and the leash was loosened occasionally:o)
Thanks for asking and hope you’re doing well also.
Edb..did you use his hendricks email account?
Problems with his pc..