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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ItaliaBhoy
Ridiculous comment Grant – that was his primary concern, the ‘ordinary’ ‘Rangers’ fan. Never mind the list of creditors.
Where does the replay,get played?
Green blames bigotry for Brechin’s equaliser.
Gordon_J
Jackson I think, but I don’t speak Gaelic :-)
Either they are incredibly stupid in using practically the same naming, wearing the same colours, same logo.
Pretty much equals trading as the same company in my view.
Surely HMRC will be looking on with interest!
May be chuck greens only way out of the cesspit he finds himself in, maybe another insolvency event on the horizon, don’t think I could take it, lol.
Vaultbhoy
Bloke109 on 29 July, 2012 at 16:02 said:
Can someone tell me how a Division 2 club for example has to tighten its belt with no Rangers in the SPL?
Which begs the question, how many relegated from SPL clubs have went bust because of “no rangers”?
Why did all non SPL clubs go bust before?
All smoke and mirrors, an absolute farce.
How can they avoid another administration?
Green: ‘its the start of what has been a difficult few months’. Eh?
Ally wants to know the names of all the Brechin fans…..
are you rangers in disguise?
The nugget Green talking now.
Absolute conman…
Charles Green being IV-ed and being drowned out by the Brechin tannoy!
I am on the floor laughing at this pantomime! It’s like something from Monty Python…
What is the official name sevco are using for todays game.
(See the old five stars still on show along with the rfc crest!)
Would flyglobespan be allowed to come back as flyglobespun after leaving a trail of debt and destruction, same livery, same planes, same customer base flying the same routes etc. Dont think that would be allowed.
Richard Gordon “fantastic atmosphere here……”
Paulo nutini getting it large in the Brechin PA system hehehehehehehe!
McCoist demands to know the name of the Brechin scorer!
not watched it so can anyone tell me if Craig Molloy is having a good game for Brechin
Will temp licence cover replay?
Green wearing oldco tie,while Paulo nuttini blasts out New Shoes on the PA!
Should have been
“Why did all non SPL clubs NOT go bust before?
alba propaganda machine to facilitate the acceptance of the corruption of Scottish football, wheeling out officials to smooth over any gapping holes.
hope starts raining
interviewer asks green “What direction do you want to see rangers go in now” .??…….the only way is up
Gordon
Andrew Jackson
ItaliaBhoy on 29 July, 2012 at 15:37 said:
. . . . . .
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.
ItaliaBhoy –
Teuchter-ville?
Wash yer mouth out. Brechin, like any club south of the North Boundary Fault (stretches from Stonehaven to Helensburgh), are soft southern sassenachs!
Yours etc,
Yurcl (annoyed Teuchter)
Did commentator just say,Ally McCoist is Catholic?Well I never ,wait to the berrs hear this.
Auldheid@Auldheid
Greene says Sevco now on a solid financial basis. Really? Then suggesting we concentrateon football & not finances. Well he would say that.
FGS …Brechin ??….what a chance that was
GL2
Just booted it out the park about a hundred feet over the bar from a shot. Apart from that, nothing great, nothing terrible.
Greenlion2
He’s just skyed at great chance on the volley.
Just cannot understand how they can continue to be called Rangers, badges etc. What the f is going on.
MIB doing his best
When do you ever see a ref wave play on and bring it back if there’s no advantage if Celtic are in possession?
Were the Brechin fans not singing “You’re just a pub team frae Glasgow!” in the first half.
Not a corner
Huns shouting for penalty,must still be the same club.
This number one nit-shave back and sides is apparently part of having a Sevco contract.
Bloke109
You don’t.
Big Mike on 29 July, 2012 at 16:11 said:
Absolutely…….joke
Bloke 109
Thats a law open to the refs discretion….be serious