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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if it looks like a turd and smells like a turd…..
the only spanner in the works could be CW himslef and what is the deal with Ticketus?
If they sell 20,000 season tickets then the plan has worked, CW gets his dough from the Ticketus board and he waltzs away. As for the so called football “authorities” the complicit delays and accomodation afforded to “them ” should never be forgotten.
….PFayr on 29 July, 2012 at 15:27 said:
Auldheid
Do they have banking facilities in place
Assuming the will operate at a loss who will give them a line of credit ….they would have to be lunatics
==================
THAT is the $64M question, where is the funding coming from? Is it a legitimate source?
Have to confess to watching Sevco even though I said I wouldn’t.Priceless!! I had a Subbuteo stand that was bigger than the one across from the cameras.Mc Culloch,Broadfoot,Goian and Fat Sally eventually find their level.
If you really want to annoy them, ask them why they no longer have their shares in the club if it is the same rangers.
Their heads nearly pop!
Sevco wummin??? give it ham shank gesture.
How eloquent.
…any pics yet of the KitGhost………..glowering in the ‘dugout’?
One horrible hun, humbled………….
Voguepunter
I can see ole elbows being subjected to a few hefty blotters during the forthcoming season ….no way his auld legs will last the season
Remember every game against thems will be a cup final for the opposition ….they are not liked by most …no doubt a few lower league old timers will be happy to make a name for themselves of a game
When the old huns pick up injuries …the young bucks will like a kicking even less
Only one team playing the ‘silky’ football here…
C’mon the Glebe Park Brazil..!
Re shortbread……
Brechin must have scored…………………………
….PFayr on 29 July, 2012 at 15:35 said:
Hope you’re correct ,my friend.
Blatant dive from Bentfoot….no booking! Pathetic.
T4
Nothing changes….broadfoot and refs
To be honest, what has happened is more than I ever expected.
About six or seven months ago I would have expected liquidation to have led to NewHuns in the SPL, with little more than a slap on the wrist.
That they are in the depths of Tcheuchter-ville is incredible in itself, and largely down to fan pressure and new media sites such as this one.
Even if the leagues are rearranged to suit them (and the comments from Regan and their latest Murray-bot suggest this is indeed what will happen), the Huns that emerge will be a weakened beast in so many ways.
So frustrating as it is to see them take the field today, in as clear a case of phoenixing as you will ever see, it really is worth remembering that the diminished team in blue out there is the one that once lorded it over everyone…
Watching Dr Who on Watch channel, those Dark Angels arnt as scary as the huns.
Even at this level froddofoot is crap.
Bhuns starting to get bored already..??
We should not turn the other cheek – that allows them to continue to behave like this. I expect a reaction to what Green has said – if only to demand an explanation.
67Heaven
Ha..Wait till the deluded clowns find themselves in Peterhead in the middle Winter.
.
Italiabhoy – We played an almost full-strength Inter Milan yesterday….and today we’re witnessing this spectacle and it’s not even in English!
If anyone had suggested this weekend’s events 6 months ago, then we would have laughed them off the blog! :-)
T4
So Sevco are winning then?
Surely Ally McCoist is a managerial genius? Leading a brand new club with a ragtag collection of misfits and rejects, moulding them into a team and masterminding a victory over a side from a higher division?
Missed the first 10 minutes and their goal but pseudo-rangers look really crap
Does this go to a replay if it ends in a draw? God knows Sevco need the money….
T4
Hedge ,playing keepy uppy.
Brazil stepping it up now
Altogether Brechin fans…
# Oh the Sevco are shoite…
Oh the Sevco are shoite…
Oh the Sevco are shoite…..
Oh the Sevco are shoite………#
HAHAHAHAHAHAHAHA
The ball is stuck on top of a hedge.
I cannot see Goian and Bocanegra putting up with this for a season.
2nd dive for a penalty. Pathetic.
Are sevco playing in the kit of an extinct club?
If so, HMRC are going to get you…..
If SEVCO win the Ramsden’s Cup, can they put one star on the newco jersey?
Will they pawn the trophy?
Ggh
I refuse to be satisfied with the Hun in Div3 , particularly when I consider how hard the establishment worked to keep them in the SPL .
The fact that they didn’t get away with all of their cheating is cold comfort
A rotten stain on Scottish football
Broadfoot doesn’t look out of place in this competition
But i bet no Brechin player is on £12k a week :)
Ball is stuck in a hedge.
This is grim fare for the Huns.
Am sure Sally and the rest will try to convince themselves it’s all romantic and that, but jeez, even one season of this would test even the most mental of Huns’ patience.
The SFA cannot allow this blatant cheating to continue . S*#tco must be given a bye into the next round as Brechin isn’t a City.
Quick question – who did Tennents sponsor?
Is sponsorship transferable?
U
No replay! It goes to extra time and penalties in the event of a draw.
Anyone else notice Sevco have no names on the back of the shirt. I assume the fighting fund could not afford the printing…