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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Today’s Herald
……wee davie……absolutely fatuous……for more than twenty years.
The Lumley CSC.
Steinreignedsupreme on 29 July, 2012 at 11:05 said:
‘Given the biig tax bill still has to drop, will Sevco be caught in any of the fall out from that?’
As far as HMRC are concerned, no. Sevco won’t be liable for the debt.
Sevco have agreed to accept any punishment the SFA/SPL will deliver regarding the double contracts. I can’t see how that will work. Stripping oldco/oldclub of titles has nothing to do with newco/newclub, and in any case isn’t a punishment, just a correction of the record books. The only punishment that would be appropriate and proportionate would be suspension or exclusion, and that’s not going to happen.
For anyone who missed this excellent post from last night……… enjoy.
*********************************************
Paul McC on 28 July, 2012 at 23:14 said:
In which I look at the joint SFA/SFL/SPL/Sevco statement.
Who owns Rangers Football Club right now? Not Sevco Scotland according to the statement.
Plus why Brechin have three chances to defeat Rangers FC, one on the pitch and two off it.
Why it seems to me that the SFA have granted Sevco Scotland Ltd a membership which does not exist and why possibly there are simply no players of Rangers FC registered to play tomorrow.
http://scotslawthoughts.wordpress.com/2012/07/28/the-brechin-ultimatum-did-sfa-botch-rangers-fcs-membership-are-any-rfc-players-registered/
1. The bould b`hoys….. Tá ár lá anois..!!! on 29 July, 2012 at 11:06 said:
Today’s Herald
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Must be fake…..PLG was far better than Sally. : – )))
“We don’t do walking away” thanks Sally you’re a legned..
Celtic FC News @celticfcnews
American walks out on Sevco http://bit.ly/QAZKjt #VideoCelts #Celtic
bankiebhoy1
Bella Figura .
I’ve been living here for 12 years but the Bella Figura thing never ceases to amaze.
For example — yesterday .
Walking up the wooden ramp from the beach to a beach bar . 3 women in microkinis and flip flops walking in front of me . At the top of the ramp , each proceeded to stop , fish in their designer beach bags , remove high heeled sandals and replace flip flops with said high heeled sandals . That done they checked [ and adjusted if necessary ] that the view from the rear would have an impact and positively wiggled into the bar —–..
The ramp was narrow , I had to wait . Some queues are better than others.
theglasgowcelticway on 29 July, 2012 at 10:48 said:
Vmham
Is that the beach at cleveleys?Years since I’ve been but loved that beach.
*************************************
Aye the council have spent millions on the new promenade and tidying up the beach area, spolt only by the hun walking along it this morning…… I hope he liked my GB hat
ps I’m no Vmham but I guess ye knew that :¬)
Nice little item on bbc national news this morning re the downfall of the ranglers.
A shot of a neglected looking ibrox with weeds in the foreground.
A “how the mighty have fallen” piece with the one-time football giant who owed millions of £’s in unpaid tax , lining up against Brechin in the Ramsden cup.
The Herald’s horrible an’ hurtin’………….
.
Estadio Nacional on 29 July, 2012 at 11:04 said:
david murray 1998:
‘For every Elaine C. Smith Celtic have, I’ll try and chat up a Joanna Lumley’
..
Ha Ha..
btw..I have Ermm..Ochh..Ahhh..Geeess..
Had the Pleasure of both EC Smiths Sisters..btw Stunning guid looks and Comedy Wit..Don’t run in the Family..:O)))
Do the Math..
Summa ft Mrs&MrsSmithCSC
SOT
….I can’t believe that…….
……any photies??
;)
I get the feeling that the importance of the tax tribunal decision will not be so much the decision itself (which as far as the huns are concerned is academic, as they will be liquidated by then, though the bit relating to MIH will be interesting) but rather the detailed exposition of the arrogant,brazen and blatant disregard for the law and all forms of authority shown by the board of directors.
In that regard it could be reminiscent of Sheriff J. Irvine Smith’s decision in the case brought by the widow of one of the victims of the Ibrox disaster.
There’s a continuing thread of triumphalism and supremacy attached to the huns and recent events show no sign of it dissipating.
South Of Tunis on 29 July, 2012 at 11:17 said:
‘The ramp was narrow , I had to wait .’
Reminds me of the Max Miller punchline, ‘I didn’t know whether to block her passage or toss myself off’.
Afternoon bhoys, very hot, but as ever no huns here.
Ernie Lynch
Aye you are right, the stripping of titles are not a punishment.
They have won, they will not be punished for their cheating, the damage has been done to all of scottish football.
The powers will do everything they can to facilitate their swift return to the top league, and there is nothing that the other clubs will do to stop it, it’s all about the money.
The game is a bogey.
ernie lynch on 29 July, 2012 at 11:23 said:
Only a right good legal skelping will start to dissipate that, as it stands nothing much has changed in the mob formerly know as Orc Fc..
The Demise Of Miss Sally McMoist will be great to watch..
ernie lynch on 29 July, 2012 at 11:12:
“As far as HMRC are concerned, no. Sevco won’t be liable for the debt.
“Sevco have agreed to accept any punishment the SFA/SPL will deliver regarding the double contracts. I can’t see how that will work. Stripping oldco/oldclub of titles has nothing to do with newco/newclub, and in any case isn’t a punishment, just a correction of the record books. The only punishment that would be appropriate and proportionate would be suspension or exclusion, and that’s not going to happen.”
I agree with that, and this is simply a gesture so as Sevco can use the old badge and pretend they are the same club. I reckon HMRC will be keeping a beady eye on these developments.
Accepting responsibility over double contracts could be a minefield for Sevco though in terms of financial ramifications.
Say for example Celtic, Hearts and Dundee United take umbrage for missing out on possible Champions League revenue and European clubs seek compensation for monies lost in tournaments. Things potentially could get very messy for Sevco. They can hardly claim it is nothing to do with them when they have accepted responsibility.
“@mj88live: I was sat with Giggs & Bellamy at breakfast this morning talking about the famous Glasgow Celtic!! :) amazing!! #London2012”
Young swimmer, Michael Jamieson living the dream, what a great tweet!
ernie lynch on 29 July, 2012 at 10:57 said:
Good man …… Understand now….I think…….ah well back to the hedge trimming for a wee while….!!
Good morning CHAMPIONS
Weefra HH
Has Brechin been sacked by the hordes yet?
HH!!
Summa of Sammi…. 11:21
Ha, that wasnt a dig at ECS btw…
EN
Bankiebhoy1
Hah ! .
Watched Ajax Celtic in a beach bar . Me , an Ajax supporting neighbor and one of his pals from Leiden on a wee holiday visit. At one point the man from Leiden opined this re watching the game amidst the microkini masses.
” Enough to make me lose interest in football ”
Heading for a beach [ shortly ] . Her indoors will take 1 pair of flip flops and a pair of shoes deemed suitable for wearing inside a bar ——- 3 bikinis — 1 for the sea , I for walking along the beach and 1 for the bar . She will also take a parasol , a sarong , an adjustable fold up lounger, a large ice cooled box —— panini /fruit /salad / knives /forks /spoons /serviettes/ antiseptic wipes / a first aid kit/ bottles of homemade iced peach tea and 2 types of mineral water . She will also be armed with towels of various sizes for various purposes.–
I will be wearing my trunks under my shorts . I will have I towel .
Guess who gets to carry it all ?.
Told —– ” we can go now -I’m ready ”
Hot -way down south.
Is there a Greggs in Brechin?
Saw a couple of guys dressed up in retro tops a shirt while ago. They looked as though they were going to a football game. One of the tops had a number 5 with five stars around it on the back of the jersey
With all the rage for retro tops of defunct clubs, i wonder if we will see Third Lanarks top make a comeback?
Who checked the player registration
How can they issue a license to a team who has a stakeholder who is banned from the game and iwes the sfa money
shirt=short
Typing while watching the Arsenal game leads to errors
and owes
IstanbulCelt
Ha. Absolutely. The stats say it all.
Wee Peely Wally is in a League of his own.
Mon the Brechin.
From Video Celts
Alejanddro Bedoya is the latest Rangers player to turn his back on Sevco.
The 25-year-old joined Rangers from Orebro and is believed to be returning to Sweden to join Helsingborgs.
Bedoya started five SPL games last season but returned to Murray Park to take part in pre-season training.
Ten of last season’s Rangers first team squad refused to TUPE their registration over to Sevco leaving Ally McCoist to complain about the size of the squad he had to work with in pre-season training.
Carlos Bocanegra, Dorin Goian and Maurice Edu have all been back to Murray Park but are unlikely to play for Sevco since it could jeopardise their chances of a move during the transfer window.
Should any of those players transfer their contract to Sevco it would put a strain on the club budget that already has Lee McCulloch, Lee Wallace, Neil Alexander and Kirk Broadfoot collecting large salaries as well as the three year commitment to Ian Black.
Today’s team line up at Brechin will give the most accurate reflection on the status of Sevco who have been granted conditional membership of the SFA- a term that doesn’t exist in their own Articles of Association.
Rangers still retain SFA membership as members of the SPL with their share expected to be transferred to Dundee this week.
Clubs competing in the Ramsdens Cup are allowed to field two trialists but it’s unknown which players have been able to register with Sevco since they weren’t given clearance by the SFA until Friday night.
Orebro have still to receive the full transfer fee for Bedoya who joined Rangers in a deal reported to be valued at £300,00.
Mon the Brechin DJ
Consider yourself at home,
Consider yourself,
One of the family,
We’ve taken to you,
So strong,
It’s clear… were….going to get along!
Consider yourself well in,
Consider yourself part of the furniture,
There isn’t a lot to spare,
Who cares?……… Whatever were goin to share!
Vmhan
Apologies :-(
Old rangers are still to relinquish their SPL share, which means there’s still a team in the league wearing rangers strip and sporting the rangers badge.
The messy legal implications of trading on a liquidated brand aside, from a sporting rules perspective not sure how newco can wear the same today.
Greggs PLC (Brechin Branch) regret to inform todays visitors that cheques will not be accepted as payment for steak bakes yum yums and doughnuts before during and after todays game. Strictly cash only.
Today’s crime by Sevco fans: Brechin and enterin’.
theglasgowcelticway on 29 July, 2012 at 12:07 said:
*****************
:¬)
Brechin DJ is it…..?
“Welcome Home,
come on in……….
….and close the door!”
Che
Apparently all stocks of jelly and ice cream have been removed from stores in the Brechin area I case Sevco fans start violence and claim extreme provocation.