Sevco owner, Charles Green, got himself a bit confused last night when talking about Celtic, saying, “Our main rivals, or our former main rivals, across the city, they have had three different companies in their lifespan. In fact if you look at their corporate structure now it’s more complicated than Rangers”.
For the record……..
Celtic were formed in 1888. The officeholders of the club accepted personal liability for all debts until the club became a limited company on 12 April 1897. On that day registration number SC003487 was given to The Celtic Football and Athletic Company Limited – a private limited company.
In 1994 Fergus McCann opened the club up to 10,000 supporters by making the club a public limited company, which then became known as Celtic PLC. It is the same company, with the same registration number, SC003487. On the same day the company became a PLC, Fergus, in his wisdom, registered a new company, with exactly the same name as the old company (The Celtic Football and Athletic Company Limited), in order to prevent another party registering the name, which retains an historical association with Celtic. The new company is wholly owned by Celtic PLC.
Celtic now have in the region of 29,000 shareholders. They, alongside every shareholder in our 125 year history, have made sure that every debt was settled. Go to Companies House web site, click ‘Find Company Information’, search ‘CelticPLC’, for 115 unbroken years of limited liability history.
Swept aside
Green’s problems, of course, are not that people don’t understand Celtic’s corporate structure, they are that last month he told a BBC TV camera that if Rangers were liquidated “the history, the tradition, everything that’s great about this club is swept aside”. Even he must suspect that he is not the best guy to lead his new club forward.
On the alleged illegal registration of players issue, Green was more contrite: “HMRC has still to reach a decision or announce their decision. I understand the SPL has put a panel together to look at this issue and we will contest it every inch of the way. The view of the club, the fans and indeed newcomers like myself is that those titles and those games were won fairly and belong to this (sic) club. We will fight it to the finish.”
At last we can agree. If Rangers won trophies fairly they must (and will) retain them. Speaking to Sky News in March Sir David Murray could not have been clearer that no Rangers players had dual contracts while his board was in charge. If this is the case, Rangers have no case to answer.
However, if the old Lumley-troubler’s memory of this issue has failed him, then matters will take a different course. If Sevco inherit Rangers SFA membership, they will be looking at many years of penalties to compensate for their decade or more of illegal player registration.
Prima Facie Evidence CSC.
The first issue of CQN Magazine for the new season will be with you soon. If you would like to advertise, drop me an email, celticquicknews@gmail.com.
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Good morning friends from a currently bright, dry and almost sunny East KIlbride.
Hoops_Neil_ Lennon_diditagain
Won’t watch it either but will probably have a wee peak at the beginning just to see the standard they can expect for at least the next three years.Fat Sally will be able to empathize with Neil,having to play a big cup game before the season even starts.
If this wee game is on Alba this afternoon, does that mean the commentary will be in Gaelic?
Still, who is really that interested in the diddy teams anyway?
Ooops ….hit wrong key
Thanks for clarifying (ernie)……..does that mean they could still be suspended, or have the SFA ignored Lord Glennie ? …under FIFA instruction ?
I’m afraid I’m not understanding this aspect, which doesn’t make me a bad person …..LOL
Gordon_J ……… Their sectarian bile won’t be in Gaelic…..LOL
saltires en sevilla on 29 July, 2012 at 08:54 said:
Happy birthday,50s the new 30s,though
it is good that your eyes are going as the mirror
will tell you different.HH
Gordon_J backing Neil Lennon on 29 July, 2012 at 10:19
Yes Alba is Gaelic
Bankiebhoy1 ——-
Prada —— Yours for @ 300 euros or more likely bought from a Mafia minion in Agrigento for @ 100 euros..
Ideal driving shoes for a wee L’ ape.
Saltires, Y.D
happy birthday til yee. I’m still half a decade ahead of yee, but suspect you may be catching up…..open brackets…..
Hoops_Neil_Lennon_diditagain on 29 July, 2012 at 10:10 said:
I’ll bet you do …….. Go on, you know you want to ………can you imagine how you will feel if Brechin win, and you miss it…….? …….LOL
It’s mega comedy stuff……!!!!!!
saltires en sevilla
Happy birthday and welcome to the 50’s club. 1962 was a fine year to be born :)
saltires en sevilla
Happy birthday and welcome to the 50′s club.
67Heaven
Good point.I assume BBC Alba is a Gaelic information channel promoting all that’s good about Gaelic speaking culture, then you get the goons on it with their bile.
Good morning CQN
Good team performance yesterday would like to see
A couple of new faces coming in to strengthen squad
CH & a striker would do for a start
Keep the Faith
Hail Hail
How many Sevco games will the laddie Dallas get this year????
saltires en sevilla –
Happy birthday and I hope you enjoy turning forty-ten just as I did earlier this month. It’s been all uphill since ;-)
I see quite a few Arsenal sites talking about Wanyama.
SOT
“Dress drivin’ trainers”…….only in Italy….
:)
Just right for the Ape…..
Bella Figura CSC.
I see quite a few Arsenal sites talking about Wanyama.
@@@@@@@@@@@@@@@@@@@
Really don’t want to see him sold and then a fraction of his price given over as the transfer budget.
We need to (if he wants to) keep him at the club for as long as possible…..and if he does go we need a minimum 10% sell on fee written into the deal!!!
Morning Celts just back in from walking the dog, pouring down now just made it back, I hope the oldco Hun on the beach never :>)
Till later of to St Bernards
May your day be blessed
HAIL HAIL
goldstar10 on 29 July, 2012 at 10:00 said:
And you say that with a straight face withe that handicap you claim!?!
Chancer.csc
;-)
Radio Clyde 8 o’clock news this morning got the facts right about zombie fc.
The report stated that thems were playing today after being allowed entry ( not relegation) to Sfl3 after the liquidation of the old club (not company).
If clyde can get it right then the BBC et al should be able to.
So can Sevco turn up with the same strip / badge as the now deid club from Ibrox?
Won’t be happy if Vic is sold, he’s built for SPL fitba, sell our best players and CP will lose it’s great atmosphere from last season.
HH
Vmham
Is that the beach at cleveleys?Years since I’ve been but loved that beach.
.
….PFayr on 29 July, 2012 at 09:13 said:
Summa
In the BBC program about Hun EBTs there were a series of interviews with outside parties , one of which wad an associate of SDM .Said assoc told a story of SDM sniffing after the delectable Joanna , with no success
Hence ….Lumley-Troubler
..
PFAyr..
Argggh Ha Ha..
I Seen that when l was Home..Cringeworthy to say the Least..My Olde memory Strikes again..
Cheers..
Summa
KevJungle – Murdo..10 men Championees..1979 on 29 July, 2012 at 06:49:
What would be the point in that?
No new signing is going to start off in a Champions League qualifier within days of arriving at the club. And if they are not going to be playing there is no point in bringing them in now.
That’s the kind of suggestion I’d expect to see in the Record Hotline section.
Saltires
Happy Birthday PK! Have a great day with the family!
Hope all is well!
hh
bjmac
Victor Wanyama ——
Italian cyberspace transfer rumor mongers [ if you make up 200 stories you might just get one right ] have ——
Wanyama interesting —– [ and being ” watched “] by–
Arsenal —— cheaper and a safer behavioural bet [ ie -not a nutter ] than M’Vila.
Chelsea ——– as above .
Manchester Utd ———-as above .
He has been linked with Juve / Napoli / Udinese and Inter but those stories have died ..
Fee is always £ 7 million. Some rumor mongers claim that Wanyama is unhappy about being played out of position . Others claim that Wanyama is unhappy about playing in a low quality league.
It is made up stuff —— we’ll see
7Heaven … I am Neil Lennon..!!.. Ibrox belongs to the creditors on 29 July, 2012 at 10:20 said:
‘Thanks for clarifying (ernie)……..does that mean they could still be suspended, or have the SFA ignored Lord Glennie ? …under FIFA instruction ?’
No. Newco have agreed to accept the sanction so that’s an end to that particular chapter.
If the huns had decided to try to enforce Lord Glennie’s decision the appeal tribunal would have had to reconsider their case and impose a sanction that was available to them. Glennie made the point that while they though expulsion or suspension was too severe they only thought this on the basis that a transfer ban was a possibility. If they had known that a transfer ban wasn’t possible they would presumably have decided that suspension or expulsion was appropriate. Glennie also made it clear that if the punishment was a ban or an expulsion the courts would not interfere as both these punishments are specifically mention in the regulations.
Which of course raises the question of what an appropriate punishment would be for Minty’s ten years plus of cheating on an industrial scale. That can only be suspension or exclusion.
istanbulcelt on 29 July, 2012 at 10:48
said: So can Sevco turn up with the same strip / badge as the now deid club from Ibrox.
——-
More importantly will they have a shirt sponsor?
And if so then how is this possible??
Surely any agreement/contract is with the corpse and not the zombie!
HH
/Bishop B
It doesn’t matter whether they win, lose or draw, have they registered players and competent club officials since Fri evenings announcement of a temporary licence been awarded?
HH
If the board’s ultimate aim is to get us into a better league they will want some good runs in the Champions League.
That’s more likely to happen if we keep our best players.
So they might be prepared to forego short term profit for long term gain.
http://a6.sphotos.ak.fbcdn.net/hphotos-ak-snc7/s480x480/392268_475930562417182_82453465_n.jpg
david murray 1998:
‘For every Elaine C. Smith Celtic have, I’ll try and chat up a Joanna Lumley’
Off subject but has anyone been to Kusadasi, Turkey on holiday? If so have you been to any Irish bars?
I will go on the 6th of August, I had a look on an Irish bar directory website and there are 11 Irish bars in Kusadasi…….
If I was single I would try them all out but I’m there with the wife and the wee man so I have to pick and choose.
Anyone help me out on this.
ernie lynch on 29 July, 2012 at 10:57:
I was trying to work this out last night. Sevco have agreed to accept the punishments for the old club with the right to appeal – which keeps everything above board.
Given the biig tax bill still has to drop, will Sevco be caught in any of the fall out from that?